>> thanks, john. >> good thing there's another show coming up, fast money, because there's a lot to come from these earnings calls with all of these big moves that have happened here in overtime, including, as we talked about applovin, reddit, robinhood and more. that's going to do it for overtime. fast money starts now. >> live from the nasdaq market site in the heart of new york city's times square. this is fast money. here's what's on tap tonight. all revved up ford ceo jim farley saying president trump's early tariff moves are threatening to, quote, blow a hole in the auto industry and open the door for foreign cars to flood our shores. the details on this blunt assessment coming up. plus 18 and counting. meta's magical run rolls on now up 18 straight days and more than 18% during. this winning streak. we'll ask the chart master where the stock is headed from here. and later, inside the numbers of robinhood results, the details on chevron's major job cut announcement and cvs mounting a

massive comeback. what is behind the rebound? i'm melissa lee coming to you live from studio b at the nasdaq on the desk tonight steve grasso, karen finerman, carter worth and guy adami. we start off with the great rate rise yields on ten year treasuries spiking back. >> above the. >> 4.6% mark, seeing their biggest basis point jump in nearly two months. the move coming after a hotter than. >> expected cpi. >> print for january. consumer prices rising more than expected 3% from a year ago. excluding food and energy prices rose 3.3%. that news slashed hopes for a fed move any time soon. markets now pricing in the. >> central bank. >> will cut rates just one time. this year. stocks initially sank on the report. >> major indices. >> all down over 1% at the lows, but ended the day well off the worst levels. the nasdaq even managed to eke out a small gain, so markets come to terms with the prospect that rates will be higher for longer, that maybe inflation could be stickier for longer. >> guy. >> today. yes, absolutely. i'm surprised. again, if you had told me what would have. >> happened. >> i mean s&p is down 100

handles. >> easy given. >> the run. you know. karen i think it was last week thursday maybe said she was short to tlt. she basically top ticked it. it's gone down ever since. and if you look at that trend line that we talked about in the tlt since september, that downtrend is intact. meaning i think yields continue to go higher. what does that mean. well i don't think it's particularly favorable for markets. again i'm surprised the market behaved as it did. but it's just a matter of time before rates become a huge headwind. >> so i've. >> been. short the. tlt for a while. >> covered some back. >> and forth. but i. >> generally think and i am still very much positioned for the cpi continues to be hot. i do think to bring back a word that is, you know, a terrible word, potentially transitory items in there when you take out some of the effects, we don't know exactly what they're going to be. california fires, for example. maybe it'll be a little less hot going forward. but i do think that this administration has unleashed animal spirits, and the combination of

excitement about that and regulatory changes is sort of pro growth, which is good. but also, i think inflationary, even though they hope to not have it be inflationary, i think it will be. >> yeah. there were a number of items that saw their biggest increases ever on a monthly basis, which are prescription drugs, medicinal drugs, parking, recreation, audio and video, video services. >> and then. >> you had eggs. >> that was the biggest jump in a decade. >> i mean, these these things hurt. >> i feel like i bought. >> all of those. >> things. >> this month. everybody has who hasn't. >> but, you know, eggs are eggs. you had the bird flu, right? so you had the killing of 30 million birds. >> so that's a one off. then there's also seasonality because people tend to raise prices at the beginning of the year in january. so there might be. >> some of that going on. >> but still. >> yeah there's a bunch of stuff. but look at look at it this way. worst case scenario inflation spikes. we go into recession. what happens. >> he cuts rates. >> so do you think we're going

back to. a fed put back in play when you announce on the show is the market just you know letting it roll off its back. could that be the reason why the market is letting it roll off its back. that eventually. if things are the worst case scenario then. >> he. >> cuts rates. >> so you're saying win win situation. >> i think it's a win. >> hot fed cuts win. >> deregulatory environment. >> yep. win. >> yeah. so deregulation lower taxes pro-growth policies i think karen hit on a bunch of stuff. could we overheat. i don't think we're going to overheat. i think we're probably have a little bit of a spike and then maybe pull back. >> what do you. >> see for rates? >> yeah. >> i mean as. >> a pattern. right. >> it's what a pair of twos is. it's not imminent. >> you're going to. >> you knew i was going to say because you know, that's what it is. tell me what it is. what was that tell. but the but the point is that we're looking for inflection points. we all are. whether we're looking

reflections on the income statement as. >> a. fundamental analyst. >> or on the balance sheet. wow. the debt's being paid off or in the price action of the chart. and it just doesn't. >> feel as. though this. >> is a great. inflection point. we're about to really go higher or go lower. it turns out. >> that the. >> cost. of ten year money has been at. >> four and one half, or. >> one year, and four and. >> a half for two years. we're getting into almost. >> three years. that's where it's goldilocks. and so it doesn't. >> go to five and six and seven and it. >> keeps not dropping down to three. here we sit. no it's fair. >> i mean equities. >> and it has been. >> i mean. >> i mean the s&p is within what half a percent of an all time high. so clearly the equity market cares about none of this. but you know it's interesting. inflation is a problem. i mean they were throwing around transitory three years ago. they were dead. they couldn't. >> have been more wrong. >> and it's still sticking around. and it's only, i think, going to get worse on the back of all the things that karen's talking about, which means almost by definition, rates have to go higher. now the fed can do whatever they want in the short, short end of the curve. have added, as dan would say, they don't control anything else. and

they're learning the hard way that they don't. and you know you may want ten year yields to go lower. you may want mortgage rates to go lower. they're not. and if they do it's for the wrong reasons. >> and if they if they do i think to guy's point what is the ten year rely on pro-growth policies and people thinking that they have a better chance of putting money in the market now and longer term fiscal responsibility? what have we seen? first time anybody on either side of the aisle in my in my lifetime, with the exception of clinton, that we've seen somebody worry about deficits at this point. so that has. more control over the ten year than this. >> so you mean the all. the cost cutting. >> that's. >> happening. >> all. >> the cost cutting that potentially. could happen. and the fact that we have pro-growth policies could lower the yield on the ten year. and that's why it's been so tame. >> we haven't even. >> started to see tariffs yet. right. right. we are one day into tariffs. right. and who knows. it could be reversed. maybe not. but i do think that's a wild card that we don't yet know how that's going to. you could see that being inflationary. >> we saw this game before right. i mean when their tariffs were on metals it worked its way

into finished goods machinery, etc. ford ceo we're going to talk about. >> and if everything's make it in america, you could see how that would be very inflationary as well. >> but let's remember. >> i don't know if that. >> would really happen. >> when trump left office, the inflation rate was 1.9% and we saw 1.0 on tariffs. have we had a different backdrop to the environment? of course we've had we had the pandemic. you have a bunch of huge issues right now. but we've seen the 1.0 of tariffs and it didn't result in much higher inflation. he left with a 1.9 cpi. >> right. but all of this i mean we. >> talked to paul mcculley. >> about this yesterday. this this is uncertainty. it's not risk. risk. you know the parameters of the game. uncertainty is you don't know what the parameters are. and that's where we are for both businesses as well as consumers at this. point who are feeling this inflation in their pocketbooks, 100%. >> they're feeling without i mean, that's why the i mean, there are a lot of reasons the election went the way it did. that was one of the big reasons, because people were feeling it in their pocketbook. and the biden administration would trot these people out, saying that

they're winning the war on inflation. and most people with half a brain said, no, you're not. you're losing, and we're losing on the back of it, and people are still feeling it. i mean, it's not going away anytime soon. and that seemingly is manifesting itself in these numbers. these numbers today surprised a lot of people. there's no way to sugarcoat it. the trajectory is basically accelerating to the upside. >> our next guest says today's hot inflation report in trump's anti-growth policies might create opportunities in the bond market. dan spring, advisors ceo and chief investment officer andy joins us now. andy, always great to see you. >> hey. >> melissa, how. >> are you? >> which bonds. >> well so i. >> think what's. happening is and i heard. >> it in the in the discussion before. >> me. there's great. >> policy uncertainty. >> and not. >> only is there great policy. >> uncertainty. >> there's not necessarily consensus on what policies will. >> actually do. so for instance. >> i think. >> it's without. >> question that the deregulatory environment. >> will. >> be disinflationary. >> and pro-growth. >> on the other.

>> hand, immigration. >> reducing the supply. >> of. >> labor is anti-growth. >> tariffs are anti-growth. >> and. expenditure cuts. >> are anti-growth. literally the government spends less. that means the economy. >> contracts. >> and those are the policies that i. call the. >> trump policies. >> that are anti-growth. and so. >> the. question is what what. >> drives equities? >> that's what a lot of your audience. cares about. and what drives equities. >> isn't inflation. it's valuation, which. >> is driven. >> by how. >> easy monetary policy. >> is and growth. and so it's not surprising. >> to me that when you get a hot. >> inflation print. >> bonds sell off. but equities don't necessarily. >> have to sell off until there's a negative growth impulse. and i. >> think that's. >> heading our way. >> for instance, last. >> summer we had. extremely

accommodative financial conditions. we had government spending, robust government spending. and the fed was signaling signaling a cutting cycle. >> it's not. >> surprising that the data that typically lags what a. very easy financial conditions is showing up now as very strong data. however, financial conditions have. aggressively tightened over the last since the september rate. cut after the election and then subsequent with additional cuts. bond yields have risen a lot and that has tightened financial conditions. and the fed is on permanent pause. not only is only. one cut expected this year, but the yield curve is entirely flat for 3 or 4 years, and so that means no cuts are expected beyond the next this year. and so with tightening financial conditions and anti-growth policies, albeit

one. policy is still a tailwind, which is deregulation, it is an environment where you might get a growth slowdown. >> so andy, it's karen, thanks for being on. we know the treasury secretary really sort of has the tenure as the mark of success there. the president often seems to want the market, the things of the market. how at odds are those two things to get the tenure where they want it to be? does that have to be? >> yeah. i mean, i think that i. >> think the ten year. >> responds to disinflationary solid growth. steve mentioned fiscal responsibility expenditure cutting. all of those things are what if i were announcing the policies that are being announced as we over the on the trump agenda? what i would want to be measured against is falling ten year yields. and i think that's what secretary bessant pointed to. and i think he's attempting to

point his only important constituent, the president, to something that would make sense, particularly when the policies themselves may not be that great for equities in the near term. >> all right, andy, we got to leave it there. always great to see you and get your take. thanks. stan. of damp springs. so what do you see for equities. what do the charts say. >> well, i mean, what we know is that. >> this has been a great run and equities are popular. >> the word expensive. >> should never be used because valuation is. >> the. >> worst timing tool. >> of all. and no. >> one knows you can pick any. stock in the. s&p 500 covered by 20 analysts $50 stock. some. >> believe it's going to 90. some believe it's going to ten. valuation is out the window. there's a relationship over ten and 20 years between earnings and the share price. but here and now is the market expensive. i just think it's full. i think there's a lot of complacency. i think a lot of money's been put into the market. and i think caution is the is the operative word of the day. you know, we're going to see we've seen in the last couple of weeks big

companies are moving five, ten, 15% post earnings up and down. and there are a handful of them again tonight. the volatility is in the individual names. it hasn't gotten into the vix yet i'm not certain why but i think it's just a matter of time before it does. >> all right. meantime ford hitting its lowest levels in more than four years. the automaker ceo seeming to break ranks with much of corporate america right now delivering some harsh words about president trump's tariff plans. >> our philip. >> bowes got the very latest phil. >> and melissa, jim farley. >> ceo of ford, said yesterday. >> at an investor conference that he would be in washington today to convey his thoughts to the trump administration. we have reached out to find out if he's actually meeting with the president or simply the president's staff, but one way or the other, the message will be similar to what we said, what he said yesterday. and this is the quote that got a lot of attention in regards to a question about the impact or potential impact of tariffs if they were implemented. and he wrote, so far, what we're seeing is a lot of cost and a lot of chaos. the chaos is because

ford, like gm and stellantis, have a lot of exposure in terms of manufacturing in mexico. and even though the 25% tariff that was initially announced with mexico and canada has been put on hold. ford has got to make its contingency plans, even though it has more of domestic manufacturing than its rivals, it still has to prepare for what might happen. as you take a look at shares of gm, ford and stellantis since the president was inaugurated, the big question is how much will they potentially pay, both in terms of future tariffs? what's the impact in terms of their components? and look at what's going on when you talk about steel and aluminum and 25% tariffs. we reached out to alixpartners automotive consulting firm. we said what's the potential impact of a 25% tariff. and they've gamed it out at 400 to $500 cost increase per vehicle, because each vehicle has between 2500 and 3000 pounds

of aluminum and steel in each vehicle. so that's why automakers like ford and i've talked to jim farley about this as much as possible. they are trying to go with domestic sourcing quickly. take a look at. shares of autonation. one other note. and they had their earnings yesterday. and during the analyst call they basically said, look there is the potential here that you could see 1 to 2 years of tariff pain for consumers, depending on what happens with tariffs if they're implemented. et cetera. and that's based on what they saw the first time around back in 2016 to 2020 in terms of potential impact there. so jim farley's message to washington and potentially to president trump is we need certainty. and all ceos will tell you right now, melissa, they want certainty. and you and i both know everybody knows as you watch the president. this is as much about negotiation as anything else. and i'm not sure they're going to get the certainty they're looking for. >> what is the impact on some of the foreign manufacturers, particularly the ones that also

manufacture here in the united states? >> depends on what tariff is put in place. let's talk about if there is a reciprocal tariff coming for vehicles being shipped over from europe to here, it's about 5% of the us. auto sales, though we were told today, eamon javers said that the white house indicated there may be exceptions for the auto industry. what type of exceptions? unclear at this point in terms of the reciprocal tariffs. so that's the key melissa. you need to know exactly which ones are being put in place. the steel and aluminum i mean that's a hit to the automakers. even if you're domestic doing your domestic sourcing as much as possible, you're still going to pay. and i and i've talked with executives in the auto industry who said they're paying. they will pay in some fashion. now, is it 4 to $500 for every vehicle? it's a little too soon to tell. >> all right, phil, thank you. phil lebeau. so how do we digest? we saw the reactions initially right when it was revealed that there might be tariffs. and we saw all of them sell off very sharply.

>> yeah. you know and this. >> goes to. >> ken griffin's exactly what ken griffin was saying that this sort of, you know, chaotic situation isn't good for ceos. it isn't right for just this reason. i mean, the first thing i thought, though, i mean, good, that was a bold statement from ford. and i thought, oh, this is good for mary barra. she doesn't need to be the one in the crosshairs. she's feeling the same. i'm sure it's just as chaotic. >> but she said. >> that she could mitigate up to 50% of the tariff headwind. so i. don't think she's in the same position. >> they've outperformed. >> maybe not. >> they've outperformed ford. >> and i think i think that farley, to a certain extent, is using this as a kitchen sink approach. he's underperformed gm for quite some time right now. his ev strategy was nonexistent. mary barra has knocked the. >> cover off. >> the ball at gm up 21%. one year performance. ford down 29%. that's all you need to know about this conversation. >> that says a lot. i mean, i'm just looking here. so if you pulled up the msci world auto

manufacturing index on a three year basis, that index is unchanged. imagine that where the s&p is up what 37. the q's are up. and this is every stock you can possibly think of course. >> so it's volvo. >> it's general motors. it's tesla, it's ferrari. it's they're all right here. hyundai bmw mercedes. so this aggregate worldwide which is very important speaks to global output is unchanged zero results. >> tesla is it down. >> if you take. >> a test. >> probably worse. yeah you did an equal weight. sure tesla is a big weight. it speaks a lot to a lot of things. the tariffs make it worse. but but the point is this is an area to be having not been. >> in. >> for a long time. no i think she makes a great point. i mean, the conversation is we will try our best to operate in the environment of uncertainty, but quite frankly. >> i mean. >> when is it ever certain about anything? and ford today, i mean, you want to pull up a 40 year chart. today's price is the same price it was in 1990. i mean, so you you'll figure that one out. >> coming up, the earnings keep rolling in a number of names on the move. after hours of details out of cisco, robin hood and reddit ahead. plus chevron

slashing its global workforce. the oil giant is planning to lay off up to 20% of its headcount as it looks to cut billions in costs. what it all means for the company going forward. do not go anywhere. fast money is back in two. >> this is fast money with melissa lee right here on cnbc. >> in a world of uncertainty and disruption, how will your investments stay resilient? we've been navigating change for 125 years, always looking forward, anticipating risks and trusted to manage over $1 trillion in assets worldwide. solving for the needs of investors today and tomorrow. that's the power of nuveen. >> what if you could tackle your dog's itching, soft stools and low energy? millions of pet parents are raving about doctor

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earnings alert on cisco. shares are surging on a top and bottom line beat the company also hiking its dividend and announcing a $15 billion buyback. kristina partsinevelos joins us with the latest christina. >> well the tech giant beat. >> was powered. >> by its splunk acquisition of software provider it acquired less than a year ago. over half of cisco's revenues. >> right now stemmed from subscription. >> based models. but here's what's turning heads beyond the dividend hike. you mentioned in the end, the $15 billion buyback. cisco's ai infrastructure. >> sales like. >> silicon and systems to tech titans like aws, actually hit 350 million this quarter alone. add that to last quarter's over 300 million. and they're really racing towards their billion dollar ai target way ahead of year end. on the earnings call, which is underway right now, the ceo said he believes customers are still in, quote, early days

for building out their ai infrastructure and that enterprise customers are only just joining the mix now. the company is pretty confident and that's showing in the numbers, lifting both revenue and profit forecasts for the full year and telling analysts now to that those numbers do account for any proposed. >> tariffs. >> and they're actually not seeing any signs of demand pull through despite those concerns. so shares still up 6%. back over to. >> you, christina. >> thank you. kristina partsinevelos guy. >> it's not it's not expensive. you know the margins are improving. the guide was very good. i mean now you have a stock that all of a sudden it's like what ibm is doing the stealth rally in these old technology. and oracle throw that in the mix as well that nobody's paying any attention to i think and i don't know if our crack staff and ec can do this. but you go back. >> to 99. >> and we're probably approaching levels that we last saw 25 or so years ago. so good for cisco. >> yeah, i think, you know, that that point that we've been making around the table that people are moving. away from mac seven names because they're just too volatile off of every

headline. so what's the second derivative play? it's a company like a cisco who now is actually making. some revenue on ai infrastructure. so they're a habitual beater of eps. do you know they. beat for the last ten years on eps? these are the fun facts that you always find out after, because i would have bet on that. then there's got to be a mgm odds on something like that. old tech is now new tech, safer tech, that dividend and the buyback gets people in that name versus the volatile tech sector. >> all right. let's get more earnings here. robin hood popping in strong results thanks to growth in crypto and equity trading. that conference call kicked off at the top of the hour. kate rooney's got more on this. kate. >> hey, mel. yeah. so booming. crypto and equity volume drove this blowout quarter for robin hood company beat expectations across the board with strong deposit growth as well. revenue for the quarter more than doubled at a record 1.11.01, roughly billion, that is. net deposits were up by roughly 16 billion. assets under custody

jumped 88%, and then average revenue per user roughly doubled to 164 bucks. total funded customers now topping 25 million accounts and then transaction based revenue. this is pretty much a reflection of trading volume. it was up 200%. crypto was the standout, growing 700% in the quarter. options and equity is up 83% and 144%, respectively. interest income also up roughly 25%. we did also get some january metrics just now on the analyst call in the month. deposits, they said, were the second highest month ever. equities, options and crypto volumes, they say, were also all up double to triple digits. when you look at the growth rate from a year ago and then options volume, they say are now at an all time high, at least in january. ceo vlad tenev also said they are going to be launching a, quote, comprehensive platform for event contracts, calling it an innovative new asset class. that's despite the super bowl contracts being called off at the last minute. they say they're excited to do more on

that, and says they're going to be expanding the availability of crypto tokens as well. thanks to the regulatory environment and new administration, we are going to be sitting down with ceo vlad tenev. squawk on the street here in san francisco tomorrow. guys, back over to you. >> kate, in terms of the assets that were collected, it was above what analysts had been expecting. they also have been doing a lot of promotional activity to get those assets, to get people to transfer their accounts to robinhood. is there any, you know, color on what those assets cost ultimately? >> so that's been interesting. the promotions, as you mentioned, to get people off of the other brokerage platforms, they've been slowly rolling that back in previous quarters, likely to get more of that on the analyst call and sort of the plans. they've sort of narrowed it down a little bit more and focused on specific promotions compared to probably six months ago. there are fewer promotions, but we also got some color from the cfo, jason warnick, about the type of customers. he said. they're coming in at a higher base with higher net worth, versus what you would

traditionally think of as kind of the first time robinhood traders. the demographic is slightly different. they're going after a more active trader, but again, we'll hopefully get a little bit more on the promotions. also the cost of that, they did say marketing costs are going to go up significantly this year. so that could play into to some of the cost for this company going forward. >> all right kate, thanks. keep us posted. kate rooney in san francisco. it's interesting transformation of this company in terms of his kate had mentioned higher net worth individuals having accounts on robinhood, not the traditional robin. >> i mean, we think of them, you know, gamestop as being a pivotal moment there. but i mean, good for them. they're in the right place. they put themselves in the right place at this time. it's not. by chance, i mean, that quarter was very impressive. i think that, you know, it's just too expensive for me. but they seem to be doing all the right things. and remember, this is a stock that has a beta of almost two. so as you know they grow assets. but if the market's good the assets grow as well. and the option

trading looked enormous. so good for them but too expensive for me. >> we've got a news alert on president trump's lawsuit versus elon musk's x platform. steve kovacs got the details on that. >> steve. hey, dan. >> melissa. >> yeah. >> according to the wall street. >> journal reporting. >> just now, the x is going. >> to. >> pay a. >> settlement for the lawsuit. >> that trump. >> filed against the company. $10 million, or. >> about $10 million. this is based on trump's lawsuit back when before elon musk took over x, and it was still twitter after he was booted off the platform following his posts and tweets during january 6th. we've seen a number of these settlements come out in the last couple of weeks. we saw the one over similar allegations with meta that was settled, and we saw another one with abc. news that was settled. the difference, of course, here is this is elon musk's company, and we know elon musk's role in the white house right now. so a little strange settlement happening here. you'd think they'd be able to work it out without any money changing hands. but there you go, melissa. >> especially considering how much he donated to the campaign. >> 280 some odd million dollars,

plus another $10 million here. so he's still paying trump. >> steve. thanks. thanks, steve kovach. there's a lot more fast money to come, including a massive after hours move for a coffee company and a casino giant. plus, this. >> slashing at. >> chevron, the oil giant announcing some major. >> layoffs as cost cutting. >> takes center stage. >> what it. >> means for growing the american. >> energy patch and how it could impact the stock. >> plus, two. >> big to fail. >> china reportedly considering a bailout. >> as one of the country's largest. real estate. >> giants, faces. >> billions in debt. >> you're watching fast money live from the nasdaq market site in times square. >> we're back. >> we're back. >> right only the servicenow platform puts ai agents to work across your company. they deal with the small stuff that bogs you down. agents like secret agents? you know... i once played a secret agent. - oh... - oh i miss that one. i heard you were great. i was great.

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help manage risk and capture opportunities in every market climate, across every major asset class. to seize each possibility at precisely the right moment. cme group opportunity is everywhere. >> we know. >> he wants to hold. >> on to the nba. how much more will. >> he have. >> to pay? >> a lot of the revenue streams are guaranteed. >> the countdown is on. cnbc sport official nba team valuations revealed friday in squawk box. >> welcome back to fast money. a bunch more after hours earnings moves. we wanted to bring you shares of trade desk plummeting after missing revenue expectations and posting light q1 guidance. reddit meantime dropping despite a beat on eps and revenues daily active users coming in lighter than expected. shares of mgm higher after beating revenue estimates. applovin also up beating on the top and the bottom line, with q1 guidance coming in better than expected, and coffee chain operator dutch bros surging after their beat on the earnings

and revenue line. guy, where would you go? >> so choose your adventure. >> that's right ttd. i would guess for you. seriously in your head. >> because that's i'm looking at ttd right? >> i know you are. >> that's actually scary. this is when valuation gets in the way. and the carter said it earlier in the show. you can't trade on the back of valuation. he's right. it's not a timing tool. however if you traded a valuation and you don't knock the cover off the ball and or guide higher, you're going to be punished. and that's what we're seeing now, because on the surface, this is not a disastrous quarter. it's a valuation thing. i'll say this though, and i can't believe i'm about to say this 90 bucks. if you go back and look, this is where we topped out at in the summer of 2023. so that past resistance becomes support. we're going to probably trade tomorrow 45, 50 million shares. you hold 90. i think you play this one alongside. >> i rattled off a lot of stocks. but carter which chart looks the most troubling? i mean they're big moves. >> i mean they're big moves across the board. it just shows.

>> how one. >> precarious the whole proposition is. and you'll note that a lot of people who are operating on behalf as fiduciaries who are running long, short, beta, neutral dollar birx, they don't go in ahead of ideal risk. they don't go ahead of earnings. they basically trade after because you can't afford to get that wrong. you're short that long. look at that. but you see that thing one is up 28 129. it turns out that momentum is a powerful tool, and the two that are up the most are the ones that were up the most applovin palantir. and so the question is, do you fade them? i think at this point fade them. >> all right. coming up, the latest on china's property crisis talk that beijing may be coming to the rescue for one real estate giant, is this a sign that even more stimulus is coming? what could that mean for the stocks? fast money is back the stocks? fast money is back in t at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. i had the worst dream last night. you were in a car

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your skin at omni luxe ledcom. >> welcome back to fast money stocks closing mostly lower after this morning's hotter than expected cpi report, but closing well off the lows. the dow falling 225 points, the s&p down a quarter of a percent and the nasdaq virtually flat but squeezing out a small gain. shares of cvs jumping nearly 15% after posting earnings and revenues that beat expectations even as higher medical costs dragged on. its insurance unit, cvs also issuing full year 2025 adjusted profit outlook that came in in line with estimates,

and chevron down 1.6% today after announcing plans to slash up to 20% of its workforce, the oil giant looking to cut 2 to $3 billion in costs by the end of next year. at the end of 2023, chevron had more than 45,000 employees. a 20% reduction would impact about 9000 people. well, chinese authorities could be getting ready to bail out china bank, one of the country's biggest property developers, according to a bloomberg report. regulators are preparing to allocate ¥20 billion of special local government bonds to buy unsold real estate from banks, as the government stares down a funding gap of about ¥50 billion, or 6.8 billion usd, for more, china beige book managing director shazad qazi joins us here on set. shahzad, great to have you with us. i mean, putting a floor on the property sector would mean a lot. i mean, not just for the property sector, because we did see the developers across the board rally in hong kong trade, but also in the confidence, i would imagine that the chinese consumer. >> yeah, that's exactly the plan. >> here. >> right? >> beijing wants. >> to put a.

>> floor. >> under the. >> the property market. >> especially with. >> china, because if you're trying to encourage folks out there to go out there and buy apartments again, well, having one of the biggest apartment builders fail isn't exactly the. >> right move, right? but you make the point that we've already started seeing a turn in the property market. things are actually getting better. they're already. >> there have been a lot of positive signs over the last several months, and we're certainly seeing it in our proprietary tracking. you know, we're either getting better sales results some. >> months. >> we're getting better pricing results some months as well. the indices now as a property market. >> completely turned. >> the corner. and things are great again, obviously not. but they're not getting worse. and they possibly could be near the cusp of a bottom. >> when you take a look at all the data points, does it look like there will be additional stimulus? because that's what the equity investors want to know. investors in the chinese market. >> there will be stimulus. the question is. how large? probably not nearly as big as whatever estimates the street will ultimately come up with. and then, of course, the second question is where do they target it, and how effective is it

going to be more money for manufacturing and commodities producers? well, that's not really going to cut it. you know, more money for households? yes. are they politically willing to do that? we don't know. >> the numbers are what they what they say they are. right. so their growth. >> rate, everyone wants to. >> always debate. >> their growth rate. >> or not. they hypothetically will never or realistically will never run out of the. potential to stimulate their their economy. so do we. >> to melissa's. >> point, do you start buying. >> that basket full of chinese related. >> stocks now. >> as a proxy. >> or is there going to be a. >> disappointment in the next. >> couple of weeks. >> or months? >> there's always going to be disappointment. i'll tell you why. right now. you've got tariff risk. you've got geopolitical risk. when you don't have that, you've got chinese, you know, political risk internally with the ccp moving in and cracking down, because at the end of the day, they don't care about the stock market. they don't care about investors. they care about political power. if you can come up with a formula and then invest based on that, that's

probably the way to move forward. >> so sort of following up on that same point, when we had our housing crisis here, we had tarp and it failed. and then they passed it. and then that wasn't enough. it wasn't remotely enough. and so the market didn't really bottom until six months later. where do you think they are? if this is analogous to that? >> look, i again think that things are starting to improve. what they're trying to do is provide doses of stimulus, pare back the restrictions, you know, not all in one go, but do it sequentially over several months or couple of years at this point. so i think we're probably going to see better results out of the property market this year than we had last year. again, as i said, the pain is already starting to ease. >> i was going to say, and this is for carter. >> and i. >> this is all part of this conversation. but you talk about investing and looking at etfs. kweb if you could put up like a 5 or 6 year chart. this to me and carter, i'm curious as to your thoughts. classic bearish to bullish reversal. and it speaks to you know karen bottoming out in the economy i

get it. but you got to be in front of these trades. and i think that's what the. market is sniffing out here. >> that's right. the market is. >> and whether you do fxi or kweb they've got about 95% correlation. obviously one's heavier in tech, but the principle is something that was very, very bad. that is not only starting to stop going down is actually turned up a. >> bearish to bullish. >> reversal by right. >> shahzad, you made an interesting point in terms of consolidating political power. and yes, that is absolutely true. but isn't part of that i mean for the chinese consumer many are invested in the stock market. many are invested in the property market. many, you know, they're in all of these asset classes that have been hit so hard. and so in order to bolster and consolidate power, they also have to make these people happy, right? i mean, so that's that's all really part of it. >> you would you would think so. and they would have done a far bigger bailout because that's the quickest way to restore people's wealth, get them to go out there and start spending again. secretary, she doesn't seem super concerned about that, though, from what we've been able to see so far. >> shahrzad great to see you. thank you. thanks. we've got a

news alert here on elon musk's bid for openai. kate rooney's got the details. kate. >> hey, melissa. we have a new court filing coming from openai, the company now responding to musk's $97 billion takeover bid. this is the first official response we've gotten from openai. aside from ceo sam altman's tweets, lawyers for openai argue here that musk is contradicting his own legal claims with this proposal. they say while musk's filing. i'm paraphrasing here, but the musk filing, they say, asserts openai's need to remain within a charitable trust and should not be transferred for private gain. but they make the point here that at the same time, his proposed acquisition seeks to transfer all of openai's assets to himself and to his private investors for his economic benefit and to that of his competing ai business. xai and handpicked private investors in the filing here. openai lawyers calling musk's efforts, quote, an improper bid to undermine a competitor. musk has been suing

openai to block its transition to a for profit from a nonprofit. musk is also a co-founder of openai and sam altman, saying yesterday in a memo to staff that we obtained. the board does plan to reject this bid and does have a duty to the mission, as he called it. altman did say that openai is not for sale. melissa. >> all right. kate. thanks. kate rooney. coming up, new research showing black investors are becoming a bigger part of the market where they are putting their money. what it could mean for the investment divide. don't for the investment divide. don't go anywhere. back in two. you founded your kayak company because you love the ocean. not spreadsheets... you need to hire. i need indeed. indeed you do. our matching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire

so many legendary investors quietly ignoring that advice and instead selling the stock hand over fist? every billionaire on your screen has recently sold nvidia. some have offloaded millions of shares. and mark my words, this is bigger than nvidia. hedge funds are quietly selling all of their tech stocks at the fastest rate we've seen since 2016. it begs the question what do they know that you don't? my name is mark chaikin. i help build three indices for the nasdaq during my 50 years on wall street. that means i know how to recognize these signals from the tech market and exactly what they mean for you and your money. i explain everything in my new market briefing, including the truth of what's going on with nvidia today and

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>> welcome to cnbc's crypto world. >> cnbc's daily digital show has trading updates, the latest headlines, a global perspective and high profile interviews. scan to watch cnbc's crypto world, sponsored by crypto.com. >> welcome back to fast money. new research shows that more black americans are getting more invested in stocks, real estate and cryptocurrencies. for more on this investment trend, let's bring in cnbc's sharon epperson to break down all the data and what it could mean for black investors. sharon. well. >> you know, melissa. it's the. >> younger generation. >> that's really. >> leading this growth, particularly. >> in stock. >> ownership among blacks, although. >> still far behind. >> the nearly. >> two thirds of white households who own stocks. nearly 40% of black households own stocks in 2022, up from 31% in 2016. and that's according to the most recent fed data. nearly half of blacks who are investing are under 35. most are new to the market, with about half

starting to invest in the last two years. and they're not just long term investors. they're eager to make money in the short run, focused on financial freedom now. >> i think a lot of our older peers have been taught that it's either be a day trader or stay in for ten years, and there's so much in between. and i think the exposure of the in between is what's garnering more people to the market, especially younger investors. >> now, that's 30 year old investor tiffany james. she's the founder of modern black girl. it's a digital platform and community that teaches investing mostly to black women. and this wider access to financial information on social media, on instagram, on tiktok. it's really contributed to the growth of black investors. hsbc's raquel odin tells me that education, employment gains, greater homeownership and business ownership. all of those rates driving higher are also driving more blacks to invest, be able to invest. >> so sharon, thanks for being here first. >> of all. sure. >> so this younger generation, having been more bigger participation, are they teaching

their parents or you know how to invest. >> it's different from parents. so their parents, even if their parents were investors, often real estate is the place to go. start with real estate. maybe you get some life insurance as well. and that's going to protect you for the long run. in terms of investing in equities, the younger generation is saying no, i want to be able to make money now. i don't want to have to wait ten years. i don't want to have to wait until retirement to focus on what i want to do. >> sharon, how important is crypto been for scottie? pippen was way out front in terms of that. how much do you think that's impacted this? >> i think that's impacted it quite a bit, because when you look at crypto and the people who have bought crypto been the first users, often blacks surpassing other groups in terms of getting into it, the question is the financial education around it understanding how it could be the short term win, but how long is it going to last? so that is some of the things that some of the wealth managers that i talked to who say yes, even though my clients want it, we're putting it in there. but a small percentage. do they understand

the volatility. >> sharon always good to see you. thank you. >> great to. >> be. >> here sharon epperson coming up from mach7 to meta versus the rest. what's next for the best performing stock among the mega-caps this year as it notches an 18th straight day of gains? we dive into the charts next. more fast money in two. >> it's not if. >> the. >> markets will turn, it's when. at howard. >> capital management. >> our proprietary. >> family of. >> funds actively. >> navigates complex market landscapes while seeking to safeguard your tomorrow. >> we aim to empower. >> investors. >> delivering opportunities with a.

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my. >> secret to better odor control everywhere. >> welcome back to fast money meta, continuing its record setting win streak today, notching an 18th consecutive day of gains, the stock far outpacing its mega-cap peers so far in 2025, up nearly 25% already this year. the mach seven as a whole is slightly lower, but can the rally keep running? let's get the technical take with the chart master carter. braxton wirth, what are you seeing here? >> well, just to. >> start out with meta. >> before we get to the charts, it's not that steep. we can see a lot of steeper stocks, but let's go to the charts. this is

an actual equal weight basket of the magnificent seven. removing meta. so it's not the magnificent seven. it's six stocks given an equal weight. and you see that dip over the past month month and a half. by contradistinction take a look at meta what it's done over the past month. next chart it is hooked up. and so if we looked at a comparative chart, next chart which would give us the two instruments together, you see that meta is up some 25%. and the magnificent six, if you will. equal weight is unchanged, and that's quite a spread. now, if we do the same thing on different time frames, you'll see not three but six months. here is a comparative chart. it's essentially ones up 40. metaverse is up 20. look at a one year and so forth and so on. and so the question is this getting too far too fast? well i think this last chart and you see it here. take a look at the five year. the five year is dead. even so meta versus the magnificent seven without meta have done the exact same thing over the past five years. which is to say, on that time frame,

meta is hardly ahead of the group. >> your biggest position is meta. >> my biggest position is meta. i put a collar on today. i just think the chart's mathematically of the 19th day in a row is actually very, very slim. and so i do want to put a collar on. i just thought, all right, well, here's a good opportunity. 18 days in a row weren't the right day. perhaps this one is. and tomorrow trades down. >> what do you think? >> math makes sense. i'll say this. you know their margins the last couple of quarters suggest again we've said this. they are leveraging ai as well as any company out there, which to me makes their valuation despite the run still very reasonable. >> i think i agree with the premise that it's overextended, the outperformance. he's been in the oval office, or i should say he's been at mar-a-lago, that he got the trump bump. he's at the sweet spot. for advertising. it's shown to be more resilient. and the bull's eye has been on nvidia. and all of these high growth semiconductor plays, i think it's gone a little too far where karen said the 17th day,

maybe two, maybe too much. i think at this point, take some chips off the table, look for a pullback. pullback. >> up next, final trades. at ameriprise financial, we know our clients are so much more than clients. they're conquerors and champions, parents and caretakers, believers and breadwinners. the goals that matter most to you matter most to us. helping you achieve them is what we do best. with personal financial advice from an advisor you can trust, and goal-based investing in solutions. it's no wonder we have a 4.9 out 5 client satisfaction rating. ameriprise financial. advice worth talking about.

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half times as much. e-trade is even higher. move your account to interactive brokers and save at least $1,200 or much more if you're trading big bucks. >> next. >> if the market is becoming more skeptical about these types of massive ai investments and even punishing companies that commit to that type of spending, then maybe the hyperscalers will start dialing back their hardware investments. >> mad money next. cnbc. >> it's time for the final trade. let's go around the horn. >> steve steel i'm still in this name. what was the deal? price 55. i think it goes higher than that. waiting for that chairwoman. >> yes. >> so cisco's. earnings today. i really need to take a look at. >> this one. if the revenue mix is changing. more subscription. this is too low. >> cbw large. >> cap industrial ingersoll-rand reports tomorrow. i think the pattern is poor. if you're long,

i would. trim or play short. >> you haven't mentioned air in a long time. >> that's old school. >> fast money. fast money. >> molybdenum. molybdenum. yeah. remember that one. >> there do. >> kweb bearish to bullish reversal. >> thank you for watching fast money. see you back here tomorrow at five for more fast mad money with jim cramer 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 make friends. i'm just trying to make you a little money. my job is not just to entertain, but to educate and teach you. so call me at one 800 703 cnbc or tweet me jimcramer. you want to know the single most useless thing you can do in this business. oh that's easy. the most useless thing you can do as an investor is