you can certainly place bets on events when, you know, you're betting on team or at late to -- athleteplace bets on the over/under on whether a country's going to bring home a certain number of medals. fans tell me russia is the favorite, expecting them to bring home the most number of gold medals. that, of course, could change. but i'll have to check into betting on whether someone's shorts are too long or too short. i'll check back in with you and get that answer. [laughter] liz: this is very serious news. lydia, thank you very much. lydia hu live from the meadowlands in new jersey. >>> american express swiping right past both earnings and revenue estimates courtesy of the post-pandemic travel boom. amex, of course, big, big, heavy moves in travel, right? travel and entertainment for the second quarter at 67% of am ec's june -- amex's june 2019 level. record numbers of platinum card requests. and carnival cruises ready to take the post-pandemic travel party to the pacific northwest. but will that delta variant threaten your next trip on the high seas or perhaps the docks? ceo arnold

i bet! ., , ., i bet! here we are, the beaver enclosure- _ i bet!re, the beaver enclosure. i say to people, i. enclosure. i say to people, i am going into the bog on a daily basis.— am going into the bog on a dail basis. , , ., daily basis. sadly, beavers do not have a — daily basis. sadly, beavers do not have a great _ daily basis. sadly, beavers do not have a great reputation, i not have a great reputation, but kim is hoping to change that. . . but kim is hoping to change that. , . ., ., that. there is a lot of information - that. there is a lot of information out i that. there is a lot ofj information out there that. there is a lot of i information out there about beavers, people don't understand that they are vegetarian, and so there is some conflict that they will eat all the fish from the rivers. as with anything that is new and change there is fear around that, but we are just trying to educate people that this is what beavers do in this landscape. beavers ijust an additional tool in the climate crisis, we have beavers, we have increasing bio

against i don't think you bet against new york city. interest rates stay flat or go up it was upgraded last week with a $19 price target >> don't bet against the big apple. jon najarian last to you, quick. >> mel coe is $10 under the high >> thanks everybody. "the exchange" starts now. >>> thank you, scott i am morgan brennan and here is what's ahead we've got interest rates falling to 10-year down. technical levels point to an even bigger drop in an hour we will get the minutes from the fed when the committee started to sound a bit more hawkish we're going to debate which way rates are going to go next >>> chinese stocks selling off again. did u.s. investors overrate. and how welcoming is it to outsid

now we see yesterday big bets coming in.17 calls. they expire next friday. not this friday, tomorrow, but next friday. they were buying a ton of these upside calls how many of them did they buy? you know, 40,000 they bought a ton of these upside calls those calls since it is inverse, they make money if the s&p falls. it's a triple lever call this is a very big either hedge, brian, or as i said before, a bet that markets sort of melt into next week >> that would seem to be -- correct me if i'm wrong, jon, and i frequently am, that would seem too big of a bet to be a straight up hedge. >> yeah. most people that will do a hedge don't do a leveraged hedge they don't do 2-to-1 or 3-to-1 the symbol is epsu they get most of that leverage side from the swap contract that they do. to somebody who buys it and they bought right at the money. they bought at 17. they are basically saying if the s&p falls, as it is today, by a percent or more, this will move 3% on that day that's exactly what is playing out so far today >> listen, it is 5

is that the right bet that the ceo is making that eventually it's asia where the money will be made?utely the right bet, and if you look at some of the competitors, i think they've been actually a little bit more bullish, and certainly some of the asian competitors like mel co i love the fact that they're focussed there they're absolutely right, and if you think about where the -- you know, this unknown is going to end up, it's going to end up and the demand trend is continuing to grow, we know vip is there. look at the stock at 46 bucks. this is where on a one-year lookback we've had plenty of support. you know, this ultimately you could be putting airlines and cruise lines and casinos also in one of these charts. if you ways a couple more weeks because all of the fear of slowdown is obvious and maybe people aren't running straight there. but i do think asia, on some level southern asia is going through a bigger scare than they really had gone through yet in this crisis. ultimately that will abate there is a vaccine i think you're scooping up these shares now. >> all right, coming u

mike khouw is plugging into a car race, the one name he's betting on to take the checkered flag it is time to risk less and make more "options action" starts right now. >>> it seems like a big show, right. it certainly is. let's kick things off. because look at that a multi-trillion dollars countdown. some of the names that are reporting next week are earnings in fact, check this the five biggest companies in the entire market on deck to report next week and some of the stocks sitting at all-time highs an the chart master said these heavy hitters could test this record rally carter, why do you say that? what are you watching? >> sure, so just for a fact, what we know is that it is fairly rare for the five largest tocks to report in the same week and the joint history of these five, apple, microsoft, google, facebook, amazon, only five other times in ten years have they reported in the same week but holding that side, what it really means is it all depends on how these stocks do let's look at a few statistics an then a chart or two the first slide, this is telling. now, it is a very st

we put a bet on the morning 4—0. i said a bet on the morning 4-0.id harry kane- i — a bet on the morning 4-0. i said harry kane. i sent— a bet on the morning 4-0. i said harry kane. i sent it _ a bet on the morning 4-0. i said harry kane. i sent it to - a bet on the morning 4-0. i said harry kane. i sent it to you - a bet on the morning 4-0. i said harry kane. i sent it to you in i a bet on the morning 4-0. i said l harry kane. i sent it to you in here we are _ harry kane. i sent it to you in here we are. . ., , harry kane. i sent it to you in here weare. . ., �*, we are. exciting atmosphere. it's been amazing — we are. exciting atmosphere. it's been amazing tonight. _ we are. exciting atmosphere. it's been amazing tonight. we - we are. exciting atmosphere. it's been amazing tonight. we knewl we are. exciting atmosphere. it's| been amazing tonight. we knew it we are. exciting atmosphere. it's - been amazing tonight. we knew it was auoin to be been amazing tonight. we knew it was going to be incredible. _ been amazing tonight. we knew it was going to

and creative ways to place a bet.ers for however medals they win or gold medals, usa right now is at 45.5 last i checked so a lot of people are betting over that so they are opening for the next two and a half weeks to cheer on usa. reporter: do you have an estimate about how much the handle, the total amount wagered could be for the olympic game? >> nothing set in stone, because nothing to charity to, but we're hoping that we'll have great handle here, i know we have a lot of customers here excited about it and we're expecting good things. reporter: no comparison point here, neil because this is again the first olympic games that sports betting has been open in 21 states and district of columbia. so but that still means, neil, we are expecting a lot of activity and a lot of money to be flowing through the sports books, here in new jersey, since sports betting became legalized three years ago its generated over $148 million for the state that equals to about 1.3% of the revenue generated by sports betting, every state

bets on that and to help finance it is to use calendar spreads and diagonal spreads like the spreads we're taking a look at in moderna which is quite extensive here. >> we have a busy earnings week next week. have a great weekend that's it for "options action. we'll be back next friday at 5:30 eastern >>> hey, there, have a fast money special edition coming your way over the next hour. we're baking down the big risks and the big opportunities as tensions flare with china. you'll hear from one top money manager with $5 billion on the line how he's playing a big pullback in chinese tech stocks plus, dethroning the dollar. the rising risks as china develops its own digital kerr aents. could it change the game for the entire global economy? >> later, the big bet. why some investors are rolling the dice on a casino comeback in macao. the three stocks you need to keep on your radar we start with new developments out of the white house at this hour the biden administration issuing a warning to u.s. businesses operating in hong kong the message, the risks are rising there as china cracks dow

so i think this is a way that you can make a slightly more hedged bet going into earnings try to takeantage of the slightly elevated premium. and bear in mind that you know, 34 times earnings might seem expensive, but there are a lot of companies right now trading these kinds of multiples there is a company seeing good and consistent top line growth good and consistent bottom line eps growth and, of course, if they see a mor favorable product mix that could enhance their margins. >> kind of an under the radar name janitorial supplies, fasteners, catalogs all kinds of stuff for the office doesn't get a lot of love, but maybe it should. oh, by the way speaking of love, of course the biggest part of the american economy is not janitorial supplies, it is all of you out there. the consumer spending your cash on stuff and food and travel travel is going to be huge this year tony is looking at one related name that rises above the rest it's all about love, is it not, tony >> that's right, brian, i want to look at southwest airlines. ticker luv this is an airline that actually has not been pe

i bet they are not lasting -- i bet that they are not landing in washington, d.c. or malibu.hey're probably coming to places across america, without anyone telling them that voted republican, what you want to bet? so we are to many answers, peter. -- we are demanding answers, peter. [applause] [crosstalk] >> eight years in the marine corps am i but was. -- was stolen and i'm upset about this. are we're going to have these machines in 2024 or 2022? sen. cotton: so concerned about election integrity and what kind machines we use? this is why -- i will say this is why it is so vital we stop democrats'efforts to take over our elections because there would be zero accountability for all of yet the state level and the local level. if you asked me what is the republican alternative i would say we do not have a plan. we do not think we should federalize our elections. we think our elections. -- we think are states should run our elections. i cannot go on but robbie is waving me down. >> senator, my wife and i are watching the greatest --in every single --talker crossan -- tucker cros

i bet you did crab game today, honestly. i bet you did grab them. — game today, honestly.m, because they _ game today, honestly. i bet you did grab them, because they are - game today, honestly. i bet you did i grab them, because they are changing hands never thousands and thousands of fans. , . , ., hands never thousands and thousands offans. , ., , ., _ of fans. they are, yeah. obviously, we have seen _ of fans. they are, yeah. obviously, we have seen how _ of fans. they are, yeah. obviously, we have seen how much _ of fans. they are, yeah. obviously, we have seen how much people - of fans. they are, yeah. obviously, j we have seen how much people are offering for these tickets, but i said to so many people, like, you can�*t put a price on these tickets, it�*s a once—in—a—lifetime opportunity. an occasion like today, it is rare, so you have to take this opportunity is, and really looking forward to the game today. you are absolutely right, _ forward to the game today. you are absolutely right, well— forward to the game today. you are absolutely right, well said, - forwar

it sorta puts un mind of the veteran gamblers who bet on | the veteran gamblers who bet on which _ theis going to get off the wall which beetle is going to get off the well more — which beetle is going to get off the wall more quickly. i obviously am very well— wall more quickly. i obviously am very well and for the city and i have _ very well and for the city and i have my— very well and for the city and i have my own billion—dollar hedge fund, _ have my own billion—dollar hedge fund, but — have my own billion—dollar hedge fund, but it does strike me as very ironic— fund, but it does strike me as very ironic that— fund, but it does strike me as very ironic that many people who deal in crypto— ironic that many people who deal in crypto really doubt whether it has any worth — crypto really doubt whether it has any worth it all. it isjust crypto really doubt whether it has any worth it all. it is just a way of trading _ any worth it all. it is just a way of trading. it is a bit like dutch tulip bulbs in the 17th century or the south — tulip bulbs in the 17th century or the south sea bubb

i think this is a way you can make a slightly more hedged bet going into earnings. try to take advantage of the slightly elevated premium. bear in mind that 34 times earnings might seem expensive, but of course there are a lot of companies trading these kind of multiples. they have seen good and consistent top growth, good and consistent bottom line, and that could enhance their margins. >> yeah, kind of an under the radar name janitorial supplies, fasteners, catalogs, stuff for the office it doesn't get a lot of love, but maybe it should. speaking of love, the biggest part of the american economy is not janitorial supplies, it is all of you out there, the consumer, spending your cash on stuff and food and travel. and travel is going to be huge this year. tony is looking at one related name that rises above the rest it's all about love. is it not, tony? >> that's exactly right, brian i want to look at southwest airlines ticker luv, because this is an airline that actually has not been performing particularly well here over the past couple of months. and i think that

carter worth explains why that is important right now >> you bet, unusual circumstance indeed, which is to say you can go up two weeks in a row or three. the qqq or the knnasdaq 100 up seven weeks in a row we're going to look at what happens thereafter and why one can say it's not really statistics, it's just data mining the facts are the facts and we're going to look at them together the nasdaq 100 this is weekly bars and what we have now is an assent of seven consecutive weeks. if you look at the next slide or table, you'll see just what exactly this is in the context of history, so this has happened 17 other times this is the 18th instance or circumstance where seven consecutive weekly advances. the nasdaq 100 goes back to february of 1985 if you were to take all rolling seven-week periods, you've got 1,894 of them. you divide that of course, it's an incident rate of less than 1% the real question is what has happened thereafter? interestingly, the market is up, albeit sort of in a slight way take a look at the next table. what we have here is looking out to week eight, next week

good set up absolute and interesting developmental action relative make your bets. >> i was looking at the august 3635, 3850,3950 broken wing call butterfly this isn't a trade we talked a lot about. you'll be buying the 3650 calls, selling two of the 3850s and then buying one of the 3950s >> since then, mike, the stock is almost flat maybe a little higher. so what do you do? >> the stock obviously didn't break out at that moment at long last, but this continues to be a name that i like we have still a bit of time to go to expiration we are short options around the ones that we own, and that's one of the reasons that you want to have a spread like that, you get a decay offseat and i'm going to stick with it. >> let's take some tweets here our first asked i own uup january 25 call and was looking to sell the july 2327 next week is this short dated. tony, your thought >> july 23rd is three weeks out, not next week so i don't necessarily think that's too short but generally speaking i like to go 30, 45 days out shorter options you'll have to manage them more frequently

one is betting oracle's record run could be coming to an end. to break down the action. tony >> we had a big trading day for oracle options were very active 242,000 contracts traded, which is more than eight times the average daily volume we've seen. one trade really stood out across what is a very bullish day of the cloud stocks. 12,200 contracts of the september 82.5 puts were purchased for $2.48 near the open now this particular trade, the trader laid out about $3 million in premium to purchase puts pettingp betting that the stock would decline by 7%. when i look at the trade i don't believe this is an outright bearish trade. this could be more of a protection trade against a trader who actually owns at least about $90 million worth of oracle stock trying to basically protect this stock position as it hits all-time highs against decline going into the earnings event which is on september 9th paying about 2.8% of the stock's value to buy a little protection going into earnings. >> thanks a lot, tony. >> as you know, you knew i was going to say

carter >> you bet unusual circumstance which is to say you can go up two weeks in a row or three now we have a circumstance where the qqq and nasdaq 100 on which qqq derived up seven weeks in a row. one could say it's not really statistics it's just data money facts are the facts and we look at them together first a chart, the nasdaq, 100, this is weekly bars and what we have now is an assent of seven consecutive weeks. if you look at the next slide or table, you'll see exactly what this is in the context of this this has happened 17 other times. this is the 18th instance or circumstance where there's seven consecutive weekly advanced. nasdaq 100 goes back to february 1985 if you're take to take all rolling seven-week periods you have 1,894 of them this happened 17 you divide that's an instant rate on less than 1%. the real question is what's happened thereafter. the market is up albeit on the slight way take a look at the next table. we have here looking out next week they will matter week nine, week ten. you can see on the table there, while not all that robust, it's up the odds of

not a godfather, a catholic cardinal angelo. bet you. he was a close adviser to pope francis, who fired him last year, accusing him of nepotism. but this scandal is far bigger than favors for friends and family. bet you and 9 others faced charges including embezzlement, extortion, money laundering, and abuse of office. it was here in london that market chelsea that but you became involved. it's alleged with a major investment of $412000000.00 in this real estate. but the church money was wasted because of a scam. and over evaluations, prosecutors say to london based italian finances received vast sums of money from the vatican for reckless speculative investments. the form of vatican financial regulators swiss loyal renee brew heart was also involved. bet you is said to have been involved in other fraudulent schemes too much of it. using money donated by the catholic faithful pope frances has made reforms in the vatican's justice system . this trial is the 1st to see a causal indicted by criminal prosecutors. the churchmen used to be in

this is a bold bet, tony. >> that's exactly right. this bet was on marathon petroleum mpc.bad month down 15% since the highs on june 10th but today options traded actively, 57,000 contracts were traded which is more than three times the average daily volume that we see and one particular bullish trade did stand out from the see of red we're starting to see across the energy stocks one particular trader bought 13,500 contracts of the october $65 calls for exactly $1 which is about 1.8% of the stock's value. this particular trader is betting that marathon oil -- marathon petroleum will be above $66 by the october expiration which is above the 52-week high laying ouz $1.3 million to bet that this stock will be more than 19% higher by the october expiration date. >> and i want to make sure people know that is mpc not pro, a big bet there. tony, thanks for more "options action" tune into the full show that is of course, every friday we have to tell you again. 5:30 p.m. eastern which is like 2:45 in boise idaho. >>> up next, w y a fal adeshyourein you are final trades are final t

together as a nation, we proven that it's truly a never good bet to bet against america. america is back and the dodgers are back. congratulations to all of you and the best of luck the rest of the season. may god bless you all and may god protect our troops. thank you. now, let's bring up clayton crenshaw to say a few words and maybe throw a few curveballs. okay? come on up, man. >> hi, everybody. first time to speak at the white house. sorry if i'm a little nervous. mr. president, thank you for having us. it's an honor to be here and celebrate at the white house. last season was a special one for us. but it was also a challenging one for our country and our hope was that we were able to provide just a little bit of joy and comfort and relief to our fans that were going through tough times. this season it's been incredible to have fans back in the ballpark. we miss the energy and their passion for the game. and it means so much to us that people are coming back to the ballpark and things around the country are going back to normal. hopefully like you said, we can come vi

we don't know what that big bet -- if that big bet is going to pay off, but he's hoping the investors stick around for the long haul. matt: i wonder what this valuation says about the business. in terms of price to sales, it must look like a bargain compared to other businesses retina. >> it's much more expensive'. -- it's much more expensive. to your point, do you want to compare it to coinbase, when you're listening to the investors that ask about it, they are asking robinhood to compete more directly with coinbase. again, to company valuations or online brokerage valuations. matt: to me, even though it is a brokerage business, a financial business, blood 10 of is not -- vlad tenev is not licensed. it is something you did to fund your trading options. maybe that's not the customers they want to go after. what about the underwriters for the suffering? -- for this offering? who was involved, who lost out, who is happy now? >> that is a great question, because this was led by goldman sachs and gb morgan. we have to imagine working overtime right now trying to figure out that floor. who

andreessen horowitz recently launched a fund to bet on the rapidly growing ecosystem.was one of the early investors and has a growing team of investors working to spot the next of what has been many crypto waves. joining me, and investor leading the charge, katie. you have worked with regulatory agencies from the sec to the fbi so you have seen both sides of the coin, if you will. seeing how fast the environment is changing, what do you see as new opportunities to put that money to work? katie: what makes this moment so unique is crypto, by its nature, has been cyclical but one of the things we have seen in the past year's honu audit -- audiences are coming in. and one of the things we've seen for the last year plus are entirely new audiences coming in across things like nft and many other kinds of application. these are the kind of leading edges of crypto that we are very excited about and we are excited to put the new fund to work. emily: i know you are investing at the earliest stages of market has come down your has it impacted how you make investments at all? kati

he put our bets - 4-0. we knew there were going to win. he put our bets on - to win.nd winning 4—0.| to win. he put our bets on england winning 4-0. i said harry kane _ england winning 4-0. i said harry kane earlier. - england winning 4-0. i said harry kane earlier. and - england winning 4-0. i said | harry kane earlier. and here england winning 4-0. i said - harry kane earlier. and here we are, _ harry kane earlier. and here we are, an — harry kane earlier. and here we are, so. . ., , are, so. exciting atmosphere, it has been — are, so. exciting atmosphere, it has been amazing _ are, so. exciting atmosphere, it has been amazing tonight. l it has been amazing tonight. the atmosphere is been incredible, we knew england fans— incredible, we knew england fans come out for the football. we can't — fans come out for the football. we can't wait because were going — we can't wait because were going to _ we can't wait because were going to go up against the danes _ going to go up against the danes on wednesday. best of luck to — danes on wednesday. best of luck to the danes b

if that test, few would bet against them. , ., .., that test, few would bet against them. , , ., them opposition- — them. if you can briefly, formidable opposition. absolutely. _ them. if you can briefly, formidable opposition. absolutely. that- them. if you can briefly, formidable opposition. absolutely. that has . opposition. absolutely. that has been really _ opposition. absolutely. that has been really impressive. - opposition. absolutely. that has been really impressive. they - opposition. absolutely. that has i been really impressive. they were given a real test by spain last night. it went to extra time. they have had a very experienced coach, who knows a lot of england's players very well. from his time as manager at manchester city. gareth southgate's side have varied in confidence, a real unity that was missing in the past. and they do seem to have all the momentum, and i think having come through this challenge, they'll have the relief that this time, they can go all the way and emulate those legendary players from 55 years ago here at wembley and the world cup final of 196

to bet against america.never fail when we decide we are going to do something. so today i'm placing my bet on america. we are going to make sure that it pays off because it will pay off with good jobs, long term and blame it and the ability for america to once again reassert its role as the most powerful economy in the world and that is as important as the size of the military and anything else we do and if we think that we are not in a race, guess what, take a look at china. i spent a lot of time more than i am told than any other world leader has and he's made it clear he doesn't think democracies can compete in the 21st century. i spent over 25 hours alone with him over the period of the last five years, seven years and guess what just coming back from a conference with putin he thinks the same thing. i've got news for him. hypocrisies will not succeed if we do what we can as a democracy. if you notice, it's not a joke a lot of the rest of the world is hedging their bets whether to move towards autocracy

so, robinhood is by far the most talked about stock on wall street bets right now. volume is almost double that of the number two stock, amd half the people there are bullish on the stock and use it a lot. the other half are quite negative on the stock. i think that it will be interesting to see what happens. with every other meme stock the sentiment is overwhelmingly positive and with robinhood it is quite different >> that is really different. this is certainly a name which is quite polarizing. given that, do you expect robinhood to become a meme stock in and of itself it was the poster child of the meme stock and the gateway to the idea in the first place. given the po polarity there is chance to become one >> i think robinhood will always be talked about a bit among wall street bets and that community but i am skeptical that it is going to remain in the top 10 or 20 because there are so many other companies out there where the sentiment is much more pos positive there are brands users absolutely want to get behind. if you look at the comments, robinhood is not o

there are social occasions, whether it is good people are betting.d not work out. there are several areas of the stock market. dani: you have to bet on the team you don't want to win so even if your team loses you have financial gain. not recommending anybody bet for italy. we have seen the wizards of wall street, with models. goldman has a model for who they think is going to win. >> goldman has an economic model based on probability. they protected belgium. now they predict england. they called it football is probably coming home. it is a probability model. there was a lot of backlash saying they got it wrong last time, they will get it wrong again. what is important to remember is it is only predicting average. the theory is if we play here in 2020 multiple times, belgium would win. dani: i know you will be watching as we all will. joe easton, thank you. as g20 finance ministers central bankers gather for their first in person meeting, we will be speaking to the eu economy commissioner. we hear from bruno le maire, the french finance minister. lat

like betting against people, i don't like betting against companies. i don't like the short game. are trying to hope somebody does poorly and spreading potentially bad information that doesn't exist on the company. this other movement makes hedge fund think about that again. erik: sometimes the information is good information. sometimes it is real. sometimes the companies being shorted really are pretty lousy companies and maybe worse than that. maybe they are fraudulent. how do we deal with that problem if there are no shorts? orlando: i would say don't buy the stock. things will figure themselves out. just don't buy the stock. emily: our erik schatzker with orlando bravo. robinhood cofounders cut their own salaries by 90%, but yes, they managed to become or if robinhood-- or will become billionaires if robinhood's ipo goes well. sonali basak has been keeping an eye on robinhood. some details about how these guys are paid. what do we know? sonali: it's interesting -- while the pay, the salary was cut 94% in april, when you take into account their echo bay awards and what that pai

betting big on bitcoin. that stock is way up.of futures on your screen, plenty of green. looks like we have a friday rally on our hands. varney & company just getting started. ♪ ♪ ♪ [ "me and you" by barry louis polisar ] ♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪ ♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ is san francisco and it's only 53 degrees right there right now. have a look at futures, please, friday morning, 15 minutes till the opening bell. big tech on a tear, ladies and gentlemen, look at this. all of them up, apple, amazon, facebook, google, microsoft on the upside. and then there's this, widespread internet outage, it hit multiple companies like amazon, southwest, home depot and many more. lauren, do we know the cause? lauren: yes, we do. a big in domain name system or dns that basically allows users to take to final destination. the bug triggered

and i said, you know, i want to tell you something: it's never, ever, ever been a good bet to bet againstca. we never fail when we decide we're going to do something. so today i'm placing my bet on america.ai i know you all are going to make sure it pays off because it will pay off with good jobs, long-term employment, the ability for america to, once again, reassert its role as the most powerful economy in the world. and that is as important as the size of our military and as anything else we do. and if we think we're not in a race, well, guess what? d take a look at china. take a look at china. i spent an awful lot of time with xi jinping, president of china, more than, i'm told, than any other world leader has. and he's made it really clear he doesn't think democracies can compete in the 21st century. and i spent over 25 hours alone with him over the period of the last five years -- seven years. and guess what? just come back from a conference with putin. he thinks the same thing. well, i got news for them: autocracies will not succeed if we do what we can do as a democracy. democracie

this is a way to risk a relatively small stock price give us some time to make a bearish bet without taking unlimited rick to the upside shorting a stock trading 14 times forward earnings would, obviously, indicate are you doing. i think that's the way you want to play it going into earnings if you agree with carter and that a bear here >> tommy, what itself your trade? >> if you look at the technical chart here, amgen is trading into an apex on multiple time frames so you are looking for this stock to break out one way or another. but the important chart that carter showed you was that relative translated chart to its sector you see that underperformance. that is likely to point to some more downside going into earnings i think the important thing is really the fundamentals. you've seen three-quarters of eps and revenue decline. i think you are likely to see a new quarter going into earnings. mike said 14 times next year's earnings that's the one thing going for this stock picturations are relatively low here for this stock. that's your possibly for this surprise to the upside that'

this stock getting a lot of pickup on the wall street bets board. can see it's actually traded lower over the last few days or so, but we will bring you that name ahead, and later, stranger things for netflix the stock basically flat on the year, but is that about to change we're streaming about that trade. stick around we're back after this. >>> welcome back to this special e edition of qwes"fast money. i'm leslie picker. let's get to kate rooney for more >> hey, leslie one big risk here. more of what happened back in january for robinhood. he talked about customer dissatisfaction, litigation as well as congressional investigations around gamestop they also highlighted the need to raise capital pretty much overnight in order to meet deposit requirements bottom line, robinhood says, quote, we cannot assure similar events will not occur in the future at the time robinhood was able to call up its venture capital investors to secure more than $3 billion. that deal was in convertible debt at a 30% discount to the upcoming ipo price and as a result, robi

>> later, the big bet. why some investors are rolling the dice on

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. >> ending on the theme of pulling away from riskier bets, what are your bets coming away from the crypto space? bitcoin has not done a lot. >> we don't invest in crypto. but we do pay attention to it. we are all asset investors and crypto has influence in all other pockets of markets. there is still a resistance around 30,000 per bitcoin. we think if we start getting to that level, that is where you may see another pickup. if it breaks down further, if it becomes oversold, that could be a more interesting picture. it is an asset class where it is more like having a fundamental case. that is one reason we are not in the space right now. >> max, great to have you on. let's bring sophie back in from hong kong. investors have a lot to digest. >> yes, they are set for a weekly drop. we have the biggest week of losses as -- this is back below 110. emerging market policies have days of losses. this ahead of inflation data from china. we may see more signals of softening recoveries. with that dovish tilt from beijing, that lays low chinese assets on thursday. we are seeing the chinese bond rally

an so microsoft we also are seeing modestly bullish bets going into earnings.k, amazon, the bets are more mixed in terms who have is making the bullish and the bear bets in terms of short dated options. >> guy, in terms of which stock you think, which earnings report will have the biggest impact on the tech sector, which would that be. and i know that is a hard choice. >> no, that is -- that is pretty broad. i think, listen, say what you want, but amazon last two quarters has been fascinating. ridiculous quarters as in great quarters and both times the stock trades 3500-ish and i'm hard presses to believe that happened against so the answer to that question would be amazon. >> all right thank you, mike khouw, for more "options action" tune into the full show on friday at 5:30 eastern time up next, final trades. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. ♪♪ the ey en

cathie wood's ark investment making a big bet on robinhood.s it bought 1.3 million shares of the financial services giant -- yes, the free online trading app in its first today of trade -- all being held in its ark innovation fund. look at robinhood, today climbing 3.5% although it is still below its $38 ipo price at this hour. but it has, of course, cut some of the opening day losses. speaking of which, yesterday's debut was messy and disappointing. shares closed down 8%, the sellers clearly swamped buyers, and robinhood's underwriters struggled to stabilize the losses. is it now time to bring in the wall street bets reddit rebels to turn in this around for robinhood? former e-trade ceo carl rosser - rosner. what did you make of the robinhood po? >> i think, look, call it ambitious, call it what you want, i think they set themselves up in a position where having the amount allocated to the retail investor -- which i think is fantastic, right in it's a great thing to give retail a piece of that ipo, but between the retail allocation and the am