jim. >> you got jim, lee. >> caller: okay. jim, it's lee. >> yeah, lee, how you doing? jim. >> caller: boo yah. >> boo yah. >> i'm in sarasota, florida, i want to know about anheuser-busch inbev. >> i didn't like the molten coarse report yesterday. i'm going to paul in rhode island. >> caller: jim, hey, thanks for all your great advice. you're a godsend, man. >> thank you. >> caller: i've been very happy owning general dynamics since july. i'm looking at huntington engels. >> i like them but i like general dynamics better. george! >> caller: thanks, jim. we love you. how about blackberry? >> it's moved so much. you missed that one. find the next. tony. >> caller: boo yah! i'm calling about -- >> unnecessarily punished analog devices, i say the merger will make it work. how about mark in georgia? mark! >> caller: hey, jim. how are you? >> i'm good, mark, how about you? >> caller: fine, thanks. i followed your career for a long time since you used to be a frequent guest on "squawkbox" with mark haines and the brains and the kahuna. >> a great time. >> caller: absolutely.

and you got jim, lee. >> caller: okay, jim, it's lee. >> hey, lee, how you doing? it's jim.hat's a masterpiece of graphics. heather is great at following the script. it's not easy to do this show. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. it's jim. >>> today i asked my colleagues from "squawk on the street" to stop calling me jim, from now on i want to be kn

we have jim lee camp of macro portfolio providers. and mike holland, chairman of holland and company. do we have the mohamed el erian quotation? take a listen. >> what we've seen today is something we saw in lehman not as bad, but same characteristic, which is european bank "a" says to european bank "b," i don't know how much exposure you have. i'm going to step back. european bank "b" says, i don't know how much exposure you have. what you see is the system slowly starting to have cascading failures. >> all right. with all respect to mohamed who is a friend and a brilliant guy, i don't see this repo market breakdown we had in december 2008, the end of interback trading. the short-term money market spreads, libor and so forth, widened, but only a little bit. andy bush. what is your take? do you agree with mohamed? what is going on here? >> this actually started last week with the greek banks. i think it was actually two weeks ago when we were very concerned about their inability to repo anything beyond one day and that's really what g

. >>> i mentioned jim lee. mr. lee, i know i'm right in the no relation category, right? >> that's right. thanks for having me. >> it's great to have you on a day when there is so much swirling around facebook. it looks like we'll be closer to 96 billion. is facebook under valuing or are people overvaluing it? >> that may appear to be the case. it seems like the strategy would be pricing it, setting the bar really low and my best guess here is we're seeing a lot of demand there. ultimately we could see it increase into the pricing range. i think pushing the upper end higher than what they are. >> is this a can't miss buy? if you're recommending the stock to people, it's obviously going to be a successful ipo. you recommend buying the shares if you can get ahold of them? >> absolutely. we love the business model. we think over time facebook continues to be one of the most engaging social media platforms in the world and by 2015, we think 80% of the users on facebook is going to come from outside the u.s. it's definitely active users are going to likely decline over time. h

what you ought to do, scott, is get jim lee, who has led this exercise and made it happen.announced it this morning at the governor's office in mansion. get him on the show and let him explain it. it's a very thoughtful, well worked-out process that has been going on here, and, jim and others have worked on this for over a decade. now it's time to bring it to fruition. i think by 2026 we should be able to offer a good exchange, well capitalized. we've raised $135 million so far. no exchange was ever founded on that much capital. but these are modern times. we'll just have to see. and the point is to add to the possibility of anybody seeking financial backing, but also, importantly, the kind of liquidity one wants in trading markets, to extend the good that the nyse and the nasdaq have done. and we'll have to see how well it works. we believe it will work very effectively. >> we will have this conversation again. i appreciate it so very much. thank you very much. always good to catch up with you. >> i'm always honored to be on your show. thank you. >> great to have you. that

extra ugly, those are his words, extra ugly cpi printing let's say that jim and tom lee are right. what am i supposed to do -- why wouldn't i want to -- if they're right, why wouldn't now be a decent time to buy stocks? i mean is that crazy, or what? >> no. and we're all in stocks. i think it depends on what stocks you're buying but first of all, scott, you have to think through what is the fed going to do, right so tom lee and jim can be right about we're not going to see another 9 handle, but we're not going to go back and get a 3 handle we're so far away from where the fed wants us to be and so the question is not are we reaching peak inflation and does it go from 9 to 7.5, the question is what is the fed going to do about it i'm a staunch believer in not fighting the fed so i think you're going to continue to have this weight on stocks because of what the fed is going to do and the fed, i'm certain at the end of the month is going to have to continue to talk really tough. it's priced in they'll do 75 maybe after canada's surprise 100 basis points they do the same but i think th

. >> jim, lee. see you back here tomorrow. "mad money" is up next. >>> 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. i'm just trying to save you some money. my job not just to entertain but educate and coach you so call me or tweet me @jimcramer. where the heck is all the money going to? what are people doing with their spare cash? what's the consumer buying? these are the questions that plague all portfolio managers as they try to follow the money. right now they're leaving you in some shocking directions including today where the dow declined. nasdaq also dipped 3.2%. first let me just say the single biggest buzz on wall street today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macy's. while few people actually expected macy's to do wel

that company appointing starboard values jeff smith as chairman and naming jim lee as interim ceo replacing clarence otis. skyward solutions getting a nice lift raising revenue forecast. >>> and google turning up the heat on amazon. the tech giant expanding express delivery service and will begin charging a membership fee. >>> new episodes of the profit kicks off tonight at 10:00 p.m. eastern and pacific. you can watch it here on cnbc. . marcus bought the struggling cupcake chain crumbs and is in manhattan. how is it going? you have quite a crowd there. >> i can't believe the crowd. you look at the table and look across the glass and all you see is cupcakes and bagels and muffins and biscuits and brownies. by the way, we have wicked good cupcakes from our friend kevin o'leary. one of our first days that we are open. we think that this is going to be amazing. you can see by the line that it is phenomenal. it has been a giant undertaking. 120 days since we announced the acquisition and went through the bankruptcy process. these are all employees that were with us before. >> first of all, cong

. >> chad morganlander from steifel, and jim lee camp from ubs. >>> when we come back, top vc gurleye alarm about valuations. >>> and twitter back below the ipo price, is now the time to nibble on that one? we're still watching the markets, dow is down 248 now. has been down triple digits since the open. on days like this, the european close, sometimes a driver of action at least in the middle of the session, we will get that in just over 20 minutes. don't go away. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar n

. >> jim, lee. see you back here tomorrow. "mad money" is up next. >>> 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. i'm just trying to save you some money. my job not just to entertain but educate and coach you so call me or tweet me @jimcramer. where the heck is all the money going to? what are people doing with their

lee. >> booyah, jim. booyah, lee. >> i am 73 years old and i moved most of my equity investment portfolio to mutual funds but i retained shares of amgen. i've got 10% of my equity investments in amgen. i don't invision needing the money or at least ten years. that's perfect. you are in great shape. it's a very inexpensive stock. you get a company with great growth at 9 times earnings. that's because everybody hates everything. with being real money it was talking about disgust that turns a bear market around. i have to tell you, it's not fear it's disgust. i'm getting a little disgusted. want to dip your toe in go for yield protection. it can't help you preserve capital until it's over. how much lower do we have to go until this market can find a bottom. i'm going off the chart to find out you may not like what you see. when companies dominate the competition you can be the winner. i'm checking out stocks that weeded out the weak in their industry to see if they can pay. and the man, the myth, the shark. t

jim lee is a new cfo. that will be interesting. most likely.e's new management guidance can be more conservative. also, walmart is growing earnings faster than sales. that is not happening at target. and the big focus fundamentally is on the operating margin. but as you know target and target they've been famous for. great brands. so the story will be about product two and about this consumer and about this topic of tariffs where the consumer confidence has been very volatile and declining. so it's something we're watching and we're watching egg prices too. and dairy right. >> so at little under. >> 14 times earnings it's. >> not expensive. >> but what i'm afraid i don't own target i do own walmart. what i'm afraid could happen. >> with target is maybe they have a. >> nice quarter as walmart did, but have to come out with some sort of, you. >> know, moderating. >> guidance, something that just because of uncertainty. >> yeah. >> the preference. >> should be. >> for. >> management to be. >> conservative and then beat. >> and raise throughout the

here now to discuss is author of "rigged money," lee munson and jim iuorio. hello, gentlemen. d be the fourth central bank? if we get this 100,0001, 125,00 job numbers, will the fed get with the other ecbs and ease? >> i think the market would rally. but if we go below # 0,000, there's a high chance we're going to get some form of quantitative easing. i don't like it any more than you. but i think the fed is going to fall in line with the other guys. >> jim, what's your take on this number? you have the highs, the lows, the overs, the unders. what happens if you're below 100,000? >> in the short term, the market likes it okay because that makes quantitative easing a little closer. over the last week or so, we've had two decent housing numbers and two decent job numbers today. that's why the market's taken q.e. 3 a little bit off the table. tomorrow, a 90,000 or below puts it right back on and i think the stock market could raul because of that. >> flip me over to the other side. suppose we get 150,000, what does that do to the stock market? >> this is the interesting part to me

. >> last year at this time, lee picked apple, qual com, sally mae up. >> i have enormous respect for jim [ laughter ] >> no, actually in my hedge fund i'm long two of your longs. >> thank you. >> i feel better already. >> isn't that interesting that the kkr kept coming up? you don't think of it as a individual investor vehicle, but they are launching. >> they have only been a publicly traded company for a few years. what a juicy yield, 8% just to put your money with them. >> everybody is looking for yield. everybody is trying to figure out where are the yields. dividend payers are constantly the topic of conversations. >> and based on their history, they have been incredibly successful. >> i thought it was interesting that jim and lee both said that. so that's our financial stock that's outperforming the others. >> when we come back, we will be back with the closing countdown. >> google and microsoft due out with earnings numbers after the bell. we'll have the numbers and show you how the stocks react, back in a moment. an accident doesn't have to slow you down... with better car replace

lee? >> caller: jim, how are you? >> good, lee, how about you? reat jim, i wanted to ask you about general electric. >> well, i think g.e. is going to be -- it's not g.e.'s year. why do i say that? g.e. said that they are not ready and turning things around. i think they have a very good turn-around planned even though they a they are very linked to auto space. i think ge will be a better stock than now but a lot of people aren't that patient let's go to tom in new york, tom? >> caller: hello, jim. and boo-yah! >> extraordinary extraordinary. i am well, how about you >> caller: i'm doing well. with the housing market booming and with mortgage demand increasing, second quarter net revenue of 5 billion with net income of 3.4 billion, what is your take on rocket? >> rocket is change. when it was at $18.90 i said buy it and we're up to the high 20s and i said sell and back to 20 and i feel like hey, you know what i had my call with rocket and now i'm ready to move on there are a lot of people short the stock and didn't like the ownership structure. le

. ♪ >>> a bonus hour of "fast money" starts right now i'm melissa lee. jim cramer is off this week.ns about the stocks trading now we want to hear from you tweet us @cnbcfastmoney. coming up, we're headed to vegas, baby as the casey knows make a big bet on reopening and one viewer asks if he should strike while it's hot for this cybersecurity name but first, a quick check how we end the day on wall street tech, standout winner of the nasdaq hitting fresh all-time highs ending the wee

i'm joined now by lee munson, chief investment officer portfolio llc and jim la camp, senior vice presidentnson, i know car sales were soft today. okay. but almost every other stat tells me we're coming into the new year with a lot of economic growth momentum. in your judgment, a-s that true? but b, why is the market so sloppy this week? >> well, i think this week i wouldn't chalk it up other than not a lot of interest in knowing where to go. not a lot of people waiting for those minutes. but it is true. if you look at last year and look at the end, the ism manufacturing was great. jobless claims are going down. we're getting people employed. so just remember, you're going to hear stuff like remember last year in march they're talking about walmart had bad comps. we were talking about last august job numbers weren't that good. but overall the trend is always your friend, larry, and the top thing is profits, profits, profits. they keep increasing. so we want to ignore people who want to talk about peak profits. you want to ignore people who want to talk about top line revenue growth as if th

jim lee seen in this video pulling james duffy out of a burning building. burned right through just as the hero and the pensioner touched the ground. >>> and it was thursday night lights for california's school for the deaf football team. the eagles beat the fully hearing side woodland christian from sacramento live on national tv last night. their coach says the boys communicate via hand gestures to make up for the fact that they can't hear the ref's whistle when it blows. inspiring team. that's the cnbc news update. back to you. >> bill acman is the second largest shareholder of chipotle. sources tell cnbc the restaurant chain is mounting defense team against the investor. we have the details next. we hear from one small business owner who says the vast amounts of count erfeit products on amazon are on the verge of putting him out of business. ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar

. ♪ >>> hey, everybody special hello to all you "mad money" fans, i'm melissa lee jim is off today you'reedition of "fast money" lined up for you calling it the fast 5, hitting the five stories that impacted your money this week let's get right to it, we begin with a monster rally on wall street, stocks surging today on the back of a blowout jobs report 2.5 million jobs added last month, biggest increase ever economists were looking for a loss of more than 8 million jobs so much, much better than expected, but is the real read on what's happening with jobs,

markets don't peak at fair valuation, they peak at overvaluation. >> jim. >> well, lee, thanks for joining us i feel a little kindred spirit with you because i'm a value investor let's face it, the last ten years have not been kind to value versus growth investors. it's been about an annual 1.5% performance. does value need to be redefined? if you look at the russell 1000 value, their main metric is price to book. if you just go on price to book, you get into some crummy areas. >> the book value is -- the value of a book is a function of the return on book if return on book is rising, it should pay a higher multiple so you have to look at the leverage that companies are employing. >> and good will as well sometimes book value is overstated. >> i don't play that game. my largest position has been going google it's 20 times estimated earnings with a fortressed balance sheet and growing its market share facebook is 17 times earnings, growing much more than 17% i think you've got to look at these things individually. i don't believe -- a certain part of the market is efficient, but what keeps

appointing jeff smith as its chairman and named chief operating officer jim lee as its interim ceo, replacingis. darden shares up about 1.25% as jeffrey smith of starboard value takes over as chairman and gene lee as interim ceo. >> a score for the activists. >>> up next, an upgrade during an upgrade cycle. apple's price target up by credit suisse ahead of the company's big product unveil on thursday. should you with a buyer before the event? we'll talk to the analyst who upgraded it, next. twhat do i do?. you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. ghave a nice flight!r bag right here. traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time flights are nothing if we can't get your things there too. it's n

jim cramer is here with me. he's going to provide color commentary next hour with melissa lee for the draft. f all, welcome by the way, we're going to three you a little kudos did you hear about this, remember your picks last year? you said -- >> jim farley -- >> amc if we had done those two in the draft that pairing actually would have won i think andre iguodala won with tesla and, believe it or not, lennar >> i heard i won with ford and amc. you take your phone out and type to your kids i am not an idiot right? the people who you most want to think, you know what, dad is not so dumb, even though he didn't know how to work this. >> we could argue the last year, maybe even the one before that, favored a lot of the retail momo trades listen, favored a lot of stocks period it is a very, very different environment to be picking stocks into this year do you think that will change the people who would do well >> i spent a lot of time and i don't want to reveal which i have on my list, but in the old days you were trying to find something that would triple or go to zero now we're looking for someth

lee in oklahoma. >> caller: hi, jim. this is lee.about mmp, magellan mid stream hit by the drop in oil prices but not suffered anywhere near. >> no. it's been the best one in the group frankly because mike is so good. that said we're going to need yield support and wait until this comes down more but this is a good one to own because they are not that as exposed. everybody has a little exposure, little tifts going on at jim cramer on twitter we had no tif, not saying there's no exposure. to austin. >> caller: hey, jim. boo-yah to you. >> oh, man i'll take a houston boo-yah right back, dallas boo-yah would have been hard to phantom, what's up? >> caller: your opinion on weatherford international. >> you know what. >> >> caller: stock down big. >> i was doing work on them this weekend, oil service companies have further to fall. some including this one have exceeded where i think the downside is but people have given up and i want that stock to go lower and that ladies and gentlemen is the conclusion of the lightning round. >> the ligh

. >>> i'm in tonight for melissa lee. jim cramer has two blockbuster interviews with ceos of salesforce and under armour. brian kelly heading into deep space. when he's done you'll never think of crypto the same way again. the dow suddenly tanks nearly 400 points, closing on the dead lows of the day. the dow suffering its -- snaps a ten-month win streak >> 15 of 19 trading days >> i'm with you. >> last time -- >> the friday before we went on the sabbatical, the last time the s&p 500 traded down. we talked about it on the desk i happen to think, that the head wins are in there in the form of the fed. i happen to think it's a sell the rally market last thursday you had the huge reversal, and some of the intraday moves today, and it leads you to believe that the vix is probably too low, and i think the market does re-test the lows plus 388, plus 347, down 167, down 254 >> i think it's going to die down >> that means you can buy the dip then >> i think it has to be a little more than here the quarter was fine i -- i'm going to be

jim lacamp, lee munson and don luskin. >>> moving ahead, one of the weakest economic recoveries on recordhat mean obama can kiss a second term goodbye? does that mean he should quit raising taxes on successful earners and investors? what does it mean? jimmy p. and i will talk right after the brake. [ male announcer ] let's level the playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up $600 when you open an account. and what it doesn't cover can cost you some money. that's why you should consider an aarp... medicare supplement insurance plan... insured by unitedhealthcare insurance company. all medicare supplement insurance plans can help pay... some of what medicare doesn't, so you could save... thousands of dollars in out-of-pocket expenses. call now for this free information kit and m

i'm melissa lee, up next, "mad money" with the one and only jim cramer starts right now. 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 just trying to make you some money. my job is not just to entertain but to educate and teach so call me at 1-800-743-cnbc or tweet me @jimcramer. >>> you know what? not everything is a dog gone

the company hired jim lee as its chief financial officer.s deputy cfo at pepsico and he succeeds michael fiddleki. you see that stock this morning up along with just about every other stock, up by 1.25%. >>> up next, transportation secretary pete buttigieg is going to join us. we're coming right back. (woman 1) all right, here we go. uggggh. (man 1) oh no, no, no, no, no, no! (man 2) what's my next step? oh! ugh. (girl) dad. (vo) you break it. we take it. (woman 2) we can take it. (vo) trade in any phone, in any condition at verizon for the new google pixel 9 with gemini. (man 2) give me a recipe with these ingredients. (girl) let's do that one. (vo) only on verizon. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponso

lee. dear jim, a heart booyah from fort lee, new jersey. the stock i am prepting is power-one.a very high flyer during the dot com era and was hit when the bubble burst. i would love to know what you think. please keep that strong hand on the tiller. many thanks. herb, here's what i want you to do. send me your process of how you do it. your process of what you did. i will then critique it on air and make a decision about your homework. that way, we work together. i expect you to finish that assignment by next monday. okay? next monday. here's one from steve. hi, jim. what do you think about anadarko petroleum. i have watched my shares fall but i feel it could bounce back. steve, i wish i had this question on friday when the stock was down badly. it's involved with the gulf tragedy. my feeling is jim hackett will find out a way to make money. from andrew in new york, hi, jim, thanks for everything you do to help the individual investors. that is what i'm about. i'm about you. you talk about the mobile internet tsunami and players psych cypress and skyworks. both shot the lights

guess how much you're really paying >> hey, there, i'm melissa lee jim cramer is off tonight. adami, adono, let's get to it palantir up 15%. let get to kate rooney with the details. >> palantir was an active stock and the talk of online trading forums today it was one of the most mentioned companies on reddit and twitter and to give you a little taste what was being talked about, there was a hamilton theme rap about the stock going viral. it was made about a month ago and trending today among the top palantir posts ♪ i got a bag full of palantir shares ♪ ♪ problem is i got a lot of brains but no hair ♪ ♪ i'm starting to pull them out with every doubt, it's unfair ♪ >> you may have heard a reference in there to something called dime in hands and if you're not familiar with wall street bets, that means holding on to a stock no matter what there is more serious discussions on reddit. some are skeptical sayiining its just people jumping from the band wagon kathy wood getting mentions before disclosing ark invest flag ship fund bought palantir this week. retailers are known to pigg

did we just hit a bump tonight, an all-star cnbc lineup, including jim cramer, melissa lee, and the traders plus, the closing bell team. they're all here to help you shelter your money from the storm and help take advantage of these sudden and sharp ups and downs for the stock market this cnbc special "markets in turmoil" begins right now, with melissa lee at the nasdaq market site in the heart of times square >> good evening. we're live here tonight, because of the massive volatility on wall street. jim cramer may be away but never fear, the "mad money" man is with us tonight to weigh in and explain what is happening and how you can protect your money we start off with the markets, and there's the wild ride today for the dow. lower most of the day. that sun till the bulls came charging in around 3:00 p.m. the dow finishing up 260 points on the day that was crazy, bob. >> you know, melissa, you've been around a long time, too even by today's standards it's been wild in the last two days look what we saw yesterday, a typical drop mid morning, that was yesterday. the dow goes into negative te

lee. >> caller: jim, i'd appreciate your advice on crispy cream donuts. >> i got dunkin donuts, it's to buy. let's go to terry. >> caller: hello, jim, tkr, it's been a wild ride. what do you think about it from this point toward? >> timken is a fabulous company. it's a ball bearing company. it's terrific. i got to tell you, industrial america is doing well, it's just that nobody cares. and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade. td , gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just peo

i'm simon hobbs in for melissa lee. jim seymour, joe taranova, steve grasso, patty edwards. rejoice, my friends. capitalism in america is alive and well. you opened your wallet, you spent money buying clothes, you gambled, you speculated on stocks. now our mission is to make money from those great single-stock stories in america. >> that is some energy you have there. smack me on the head and tale me i'm healed. smack me on the head right now. >> give me a single stock story. >> jpmorgan, morgan stanley and goldman sachs. they trailed the rest of the group. they've caught up lately. this is where you're going to make the money. buy the financials, buy the laggards. that's where you want to be right now. >> i'm glad you're so happy because i'm not after today. >> you lost money today? >>'m representative of the hedge fund community out there looking at the market and continuing after yesterday's market saying sold. consumer discretionary, oil against it. that didn't work out too well. do i trust the rally? no, absolutely not. but he who fights and runs away lives to fight ano

farmer jim for tom lee >> always good to have you on the show i'm in lock step one thing i was looking at this morning and i'll tell you, it caused me just a bit of concern is the growth rate projected in earnings for next year has declined from 17% to 10% now let's be honest. both sets of numbers, 21 and 22, have shot up it's just that, obviously, some growth has been pulled forward into this year when i look at that 10% growth rate and i compare it to the multiple on the market of 21, does that peg ratio of 2.1 cause you any concern or how do you feel about it? >> it's a great question, jim. so if i assumed consensus was right and 10% earnings growth, the ratio is actually appropriate because even if growth rates were seven, actually i would think that the peg ratio would be higher. i know it sounds strange but peg goes higher as you get towards single digits. but i think 2022 eps estimates are grossly low. most analysts are still only forecasting cyclical stocks to get to 2019 margin levels. i think it's going to be more appropriate to think of cyclicals having all-time high margins

lee. dear jim, a heart booyah from up the road in ft. lee, new jersey. i'm suggesting a stock review.ock i'm presenting is power one, pwer. it was a very high flyer during the dot come era and was hit when the bubble burst. i would love to know what you think. please keep that strong hand on the tiller. many thanks. herb i thought about your e-mail since i got it. here what happens i want you to do. send me your process of how you do it. your process of what you did. i will then critique it on air and make a decision about your homework. that way, we work together. i expect you to finish that assignment by next monday. okay? next monday. here's one from steve. hi, jim. what do you think about anadarko petroleum? i have watched my shares fall from 73 to 62. but i feel it could bounce back. steve, i wish i had this question on friday when the stock was down badly. it has since rallied. it's involved with the gulf tragedy. my take is that at pc is run by jim hackett who will figure out a way to make money for you. i want you to buy it. from andrew in new york, hi, jim, thanks for everyth

. >>> hey, out there i'm melissa lee. jim cramer is off tonight. along with me on this "fast

lee munson, jim lacamp. next a video you have to see.n american airlines flight attendant over the intercom says the plane was about to crash and mentions 9/11. passengers had to restrain her. it's all caught on tape. it's incredible. you'll see it in the news headlines up next. ♪ our machines help identify early stages of cancer and it's something that we're extremely proud of. you see someone who is saved because of this technology, you know that the things that you do in your life, matter. if i did have an opportunity to meet a cancer survivor, i'm sure i could take something positive away from that. [ jocelyn ] my name is jocelyn, and i'm a cancer survivor. [ mimi ] i had cancer. i have no evidence of disease now. [ erica ] i would love to meet the people that made the machines. i had such an amazing group of doctors and nurses, it would just make such a complete picture of why i'm sitting here today. ♪ [ herb ] from the moment we walked in the front door, just to see me -- not as a cancer patient, but as a person that had been helpe

. ♪ >>> a bonus hour of "fast money" starts right now i'm melissa lee. jim cramer is off this week.e're answering the questions about the stocks trading now we want to hear from you tweet us @cnbcfastmoney. coming up, we're headed to vegas, baby as the casey knows make a big bet on reopening and one viewer asks if he should strike while it's hot for this cybersecurity name but first, a quick check how we end the day on wall street tech, standout winner of the nasdaq hitting fresh all-time highs ending the week with a 4% gain tackling your questions on the rally ahead. the trader radar, what are you buying and selling today, josh >> melissa let's start with what is popular on robin hood according to robin track. that the spartan energy acquisition nio popular not only today by the way but saw the biggest gain in popularity for the week netflix, amazon and microsoft. as for spartan energy, let's dig into names there is report it could do a spak that would allow the ip ocho plan to make a vehicle everybody wants a piece of the market phil wouldn't be surprised if this happens then let'

. >>> coming up, the ceo of one hot flying canadian pot stock just spoke to jim cramer i'm melissa leeu're watching cnbc here's what else is coming up on "fast. >>> while traditional media struggles, shares of wwe are slamming the competition one of our traders says it's just the start of a bigger run >>> plus, the man who called the recent bitcoin rally is back, and he's got a stunning call that will trigger ypcrto world that call when "fast money" returns. people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. don't juggle your home life and work life without it. ♪ ♪ don't skip that office meeting for a board meeting without it. don't keep it real... keep it going... or simply keep it in the family without it. and don't turn that business trip, into an overdue family trip without it. ♪ ♪ the more you live between life and business, the more you need someone at your back. the powerful backing o

lee. see you back here tomorrow at 5:00. don't go "fast." "mad money" with jim> 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 just trying to make you a little money. my job is not just to entertain, but i'm teaching and coaching. call me at 1-800-743-cnbc. when a market this strong, you can't just pin it on one particular reason. either it's been hurt endlessly today, the

i'm melissa lee. jims hour of "fast money" coming your way tweet us at "fast money. we'll try to answer your live on the air. here to help tackle your burning questions. guy adami, jeff mills, and mike khouw. before we dive into those questions, let's find out what you guys out there have been buying and selling christina is tracking the action on wall street bets. christina. >> well, the number one most talked about stock right now on wall street bets is iron

did we just hit a bump tonight, an all-star cnbc lineup, including jim cramer, melissa lee, and the tradersng bell team. they're all here to help you shelter your money from the storm and help take advantage of these sudden and sharp ups and downs for the stock market

. ♪ ♪ >> welcome to the halftime report, i'm melissa lee, jim lebenthal, jon and pete that jerian andhael bloch. tasty stock, yum brands is on a tear. investors wonder whether a spinoff is in the works. real or fake, we brought you the debait over avon takeover. we begin with the markets, all-time highs are stocks poise for a breakout or is this a fakout? josh brown what do you say, it seems like we hit these levels and started to stall out. >> soy think it's going. but let me start by saying that the consequence of this not being a breakout here is really not the end of the world. we've been rangebound. this has been the upper end of the range going back to i think the week before thanksgiving. we fell to this level several times. if it happens again, not actually the worst outcome. however i think if you look at the pros versus cons here, still support a breakout in this range finally. for starters, this has an international basis. i mentioned this to you the other day. vgk breaking out, vanguards europe etf, very broad. efa, the msi efa index. breaking out. the back drop, it's posi

i'm melissa lee. jim cramer is off tonight. the northeast trying to recover fro the deadly storm massive flooding and even tornados forecast for the rest of the season and the plan to beef us ourinfrastructure. an plus a new crackdown in china. president xi wants to set up a new stock exchange to list there. what impact could this have on our markets. and later, so long seltzer, bye-bye beer bellies, booze stocks falling on hard times as tonight guy adami and mike khouw. but we begin with hurricane ida that ravaged the gulf coast over the weekend. record breaking rains, epic flooding, a number of tornados more than two dozen people have died so far. this is what parts of new york city subway system looked like last night, nearly four inches of rain blanketing the city in one hour and a baseball stadium in new jersey, wnbc chopper 4 capturing these images the aa affiliate of yankees played there and look at water up to the roof of the cars. the streets covered. thousands in the northeast still without power in the gulf coast, th

jim, do you have a question for mr. cooperman >> i do. thanks for joining us, lee about speculative ferv fervor that's what i'm calling it with robinhood. hi history has an episode of rhyming with itself. i saw a social media investor trolling warren buffet say he's washed up. i saw that happen in the '90s and in the aulgts. both time mr. buffet came back roaring. do you think the speculative fervor is getting carried away and how do you think it ends >> i remember to the obinhood market will end in tears i'll read you something here somebody sent me an e-mail yesterday we reported that jeffrey decided to turn the bankruptcy proses cess on ittedd by selling up to $1 billion of the most unsecured asset possible shares of bank ruprupt hertz to lunatic robinhood day traders. you see things like that and the crazy stuff. it had to right itself warren has gotten older. he's very wise man i would not in any way write him off. he's one of the heroes in the market he's having trouble figuring out what to do i can understand what he's going through. we have valuation levels

. >> hey there, i'm melissa lee. jim cramer's off tonight along for the ride this evening, brian kelly, delano saporu and anthony pompliano, aka pomp. citadel's griffin, reddit's huffman and of course roaring kitty himself all getting marathon grilling by house reps. in case you missed it, kate rooney recaps where a lot of the focus was directed kate >> hey, melissa. there were some tense moments and a lot of people forgetting to unmute. robinhood's ceo, though, got by far the most air time and congress really dug for my motives behind robinhood halting those trades in january. vlad tenev repeatedly denied he was on the side of the hedge funds. >> robinhood's securities put the restrictions in place in an effort to meet increased regulatory deposit requirements, not to help hedge funds. we don't answer to hedge funds we serve the millions of small investors who use our platform every day to invest. >> tenev did apologize to customers, calling what happened in january "unacceptable." he also defended robinhood's business

i'm melissa lee. jim cramer is off tonight.g to recover fro the deadly storm massive flooding and even tornados forecast for the rest of the season and the plan to beef us ourinfrastructure. an plus a new crackdown in china. president xi wants to set up a new stock exchange to list there. what impact could this have on our markets. and later, so long seltzer, bye-bye beer

i'm melissa lee. jim is off, but you're in luck we have a bonus hour of "fast money" coming your way tweet us at "fast money. we'll try to answer your live on the air. here to help tackle your burning questions. guy adami, jeff mills, and mike khouw. before we dive into those questions, let's find out what you guys out there have been buying and selling christina is tracking the action on wall street bets. christina. >> well, the number one most talked about stock right now on wall street bets is iron net cybersecurity. this is a company only recently public after the spac merger last month it was founded by a former director of national security or the nsa, and shares closed 28% higher today but over 90% of the spac shareholders redeemed their initial investment, and the short interest is rohuge it's almost 50% of the flow. others, we have to talk about the others in the reddit realm the metals company, real estate tech start-up offer pad solutions closed 35, look at that 58% higher right there so could

weiss, obviously, i'm going to go to you to counter not only farmer jim, but tom lee. they're very the same points and it's not like a ridiculous point of view and he's not the only one saying it and use weakness to add equities and we remain of the view that any weakness should be used to add to equities, so there is that view out there and when people get overly negative like this, oh, my god, chill out. >> keep in mind, just as i said, it's important and i'm not hysterical over today. today is not what's driving my thinking i've covered some of the shorts i came in with, but i'm still bounced off cash my view is not based on rates. it's an amal cgamation of events and while the economy is move ahead, we've lowered some good-bye forecasts so yah caou can't say it's gett stronger and my thesis is based on third quarter it's not based on today. it's not based on yesterday. i think the third quarter is important and we've seen indications of that, nike, fedex and we've seen others and i don't think you can have a roaring bull market when you have both rates going higher

lee. >> hey, jim. how are you? >> i am real good. re really starting to get fired up. what's happening >> well i'm lee from beautiful illinois and i want to know what you think about nio? >> i don't like to buy chinese stocks they come in, cut your heart out. let's move on. how about michael in the small state of delaware. michael? >> boo-yah, jim. >> boo-yah >> on a day like today, it's hard to have one of those, but delaware, i'm feeling it here. i'm having a hard time what do you think about mirati therapeutics >> i've always said you could own one as a pure speck, but understand you can use all you put in, but as a pure spec, i think it's a good one. carter in illinois >> hey, jimmy chill. how's it going in california >> i'm chill out here. got to tell you. can't beat this place. what's happening >> my stock is johnson controls. jci. >> nobody wants this going into recession. even though i think in 2.7, 3.5 yield, i think this one works. right now, people think they're going to miss the quarter. i don't think they are chris in mas

it's an incentive to speculate >> let me open it up to the panel in front of me, lee. jim lebenthal has something for you today. >> thanks for being on the show. you talked earlier and i agree low interest rates abroad are being imported over here what about economic weakness being imported from overseas i know that's a change that a recession overseas or weakness overseas generally doesn't get imported but a lot of things have changed. and you look at china. their pmi is below 50. europe, gdp, 1% is something to be celebrated over there what do you think the possibility is that that gets imported over here >> well, i think that's the concern of powell. but where i'm trying to figure out is, what is the weakness tied to? and i think the weakness is tied to business fixed investment turned a bit soggy because the uncertainty injected in the businessman's mind over what these tariffs are all about. you know, what do they do for their supply chain do they move out of china to somewhere else do they build in china, build in the u.s. build in mexico? in vietnam this is causing