guy adami says he thinks thery is one winner there. we are live from times square and there is much more "fast money" after this. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. carrie underwood, blake shelton, keith urban, chris stapleton, abc tonight, the hottest country stars perform their newest hits. jason aldean, luke bryan and one of a kind rocking duets thomas rhett and kelsea ballerini host... let's get this started! cma fest tonight 8/7 central on abc. xfinity gives you more of the cma fest with an encore performance from old dominion right after the show. only with xfinity on demand. and watch it live on abc tonight 8/7 central. >>> welcome back to "fast money. roku and yelp soaring. conference calls under way as we speak. our seema modi is pulling double duty seema? >> roku, shares rally being on an upbeat earnings report and news that it is expanding access to free streaming entertainment, plus launching a roku channel for the web. d.a. davidson says world c

>> you like that, guy adamy? >> let's move on >> new jersey's own. >> consumer diskregszary is want the only sector leading the market up over the past week you might have heard about the tech run giving it a run for its money that as the two sectors go head to head tech, versus the consumer. which one will come out on top let's bring in someone who knows about the consumer and the economy. rebecca paterson and chief investment officer at bez emer trust. smiling because we have a 4% economy and the consumer is flush with cash and is that all going to continue, though or are we at peak consumer and peak retail and peak earnings. >> in the next six months or so unless oil prices go up and stay up and weigh on gasoline hit the consumer, the consumer will stay strong at least until we get into early next year you made a great point, i think. i'm overweight consumer discretionary and tech >> yes, you made a great point the way you were talking about the canary in the coal mine which is the debt to gdp and right now it

your traders are tim seymour and guy adami. the short seller with cronos calling it the dark side of the cannabis space and sending shares plunging 30%. so what exactly does he not like about the company? he's here to explain and apple is in a new high as the company releases invites gene munster will be here with a look at what to expect, but first, we start with the markets. major indices snapping a four-day winning streak and the dow closing lower by 140 points as trade jitters crop back into the markets. let's get to eamon javers in d.c. with the latest >> eamon >> melissa, we are getting new headlines crossing from the bloomberg interview with president trump that just wrapped up within the last hour or so. bloomberg saying that the president said a number of interesting things thinking that he's withdrawing from the world trade organization if that organization doesn't, quote, shape up the president also saying he'd like to index capital gains taxes to inflation that's an idea that would require congressional approval the

trillion >> for those at home who might be tuning in, the question is simple, if you don't own it, guy adami, can you still buy it? >> yes it is a big deal a trillion dollars is not to be trifled with we talked about this five or six years ago and we laughed at people who said apple would be the first trillion dollar company and here it is it's a big deal because everyone's talking about it. to answer your question, can you still own it it isn't a finish line it's a benchmark if you were to look at the company and look at the fundamentals and say this is a screaming bay. i'm not going pretend i've been an bearish, apple bull, and he's gone down a number of times and this is the way i look at it and right now apple is scheduled to make $13.45 a share next year and that means their market multiple and what they will pay for their earnings and $15.42 as compared with the 18.1 and i would submit as they continue to mix the services where they have a recurring revenue stream and a growing revenue stream maybe they should get a market multiple if that's the case, you're talking about a stock that

live from the nasdaq marketsite overlooking times square your traders are mike ko and guy adami. tonight on fast, amazon cracking 2,000 for the first time ever this week and the stock is now part of a growing trend that might make it harder for retail investors to get in on the rally. we'll explain. plus the s&p 500 closing out its best august in years and a be in of surprising stocks are surging and we'll tell you what they are is and if you can buy them breaking news, and no deal the u.s. and canada set to resume trade talks next week a story that broke here on cnbc. canadian minister chrystia freeland had comments moments ago. >> hi, eamon >> what we heard from the top canadian negotiator in washington is that they've reached the end of the day today with no deal, but they do have an agreement to continue negotiating and they'll meet on wednesday next week. chrystia freeland was asked in that press conference about some of the big personalities involved in this intense negotiation. here's what she said >> how can you possibly negotiate with a guy like donald trump who says he'

guy adami, you're my favorite. gi rhtowey" with jim cramer bensig n >> see on tv in 30 minutes "mad money" with jim cramer begins 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. 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 isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me @jimcramer >>> in bad markets, picking winners can be a real struggle in good markets, there are always multiple ways to win. even though stocks are all over the map today, dow is dipping 75 points, s&p 500 declined and some have seen fortunes rise from the grave as if by magic. how powerful is this concept zbrmpg off my head i can give you five examples over the last 24 hours it's important to understand this new wave to win i think all five have room to r

>> guy adami >> that show on nbc. >> the apprentice? >> that show >> one of my favorites >> doesn't it? >> the fact that the s&p is now above the january high i think that's encouraging, what does it mean it means we're in new parameters for the market we continue to grind higher. the caveat being, fix was up higher today it's worth pointing out. i think that kayla headed to the top of the show. he won the trade war on half a front. the china trade war is where the yankees beat the orioles this weekend. all those games count. the red sox -- mexico is an environment, it's the chinese we have to beat >> when everyone was so pessimistic. you start seeing the light at the end of the tunnel, running out of daylight going into year end. i think it's still a buy i want to buy the trade stocks underperformers. >> the stocks we saw go up today, the carmakers >> the poster children >> have you a weaker dollar tonight. which is going to help some of those multination 58s. i don't know if this could be -- this could be a melt higher. not a grind hi

s&p puts >> danny boy >> i don't like his call >> all right guy adami. >> really hung him out to dry. >> you get what -- he deserved it >> cigna, too cheap. just too cheap there you go. >> good stuff. thank you all, have a good restu >>> 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. 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 isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me @jimcramer >>> we have breaking news. i mean you've been hearing this story for hours. apple crossed the billion dollar threshold. the nasdaq pole vaulted 1.2% a lot of fireworks over there. does apple's epic valuation really matter? actually, yes. you bet it does. particularly for us. we've championed it all the way. apple matters more than the chinese saying they won't stand for president trump's tariff raise from 10 to 25. they don

>> let's turn back to your money as the bull market continues its record run joining us now is guy adamirom d.c. he's either getting up early or just rolling in from st. elmo's fire whatever you do down there why do you think the market is not reacting more negatively to all the news in the town where you sit now? >> two words, i think passive investing. i think the passive investing fund, the situation that sets up there, that is impervious to headline risk. money flows if regardless. that's a big part of it. there's no other explanation you couple that with the fact that the volatility index continues to grind lower, and you say to yourself that the market is not looking at anything that is potentially detrimental, it continues to grind higher the question becomes when does the bad news kick in i go back to august of 2015 when we saw the big chinese devalue of the currency. by february of 2016 the s&p had cratered down to 1810. i'm not suggesting we're there, but eunice talked about what's going on over there, you talked about tariffs. one way they can retaliate is to do the same thing

tim seymour, guy adami president trump amping up rhetoric taking on the social media giants, google, facebook and twitter. what does it mean for the stocks the details. check out shares of till ray, the pot stock on fire, smoking hot after its first earnings report the ceo just said something that's got tim seymour pounding the table. the s&p closing at another record high. we thought it might be time for mission impossible your mission should you choose to accept it with the s&p trading at around 17 will it find value with many stocks cheap for a reason, how do you know if you're buying a stock that's a value trade or trap? >> luckily, we've got a game for that i'm going to give the traders a name they'll say if it's a value trade or trap. it's very straightforward. hopefully no confusion tonight guy, we'll start with you. and apple, up 30% this year. a forward price to earnings ratio 16.5 value trade or trap? >> first thing you said was if you choose to accept it. >> or if understand is the game. >> that was more relevant for you. >> if i say i don't haas choose to accept it, we mo

>> later, guy adami is stepping up to the plate. there's one energy stock that's up 150% in the past year, he thinks it has more room to run he'll give us his fast pitch live from times square, new york city there's more fast money right after this at u.s. bank, we believe one small change can echo throughout an entire community. that's why we proudly support, invest and volunteer in communities like yours. because the changes we make today... can you hear me? ...shape the possibilities of tomorrow. u.s. bank the power of possible. you mighyour joints...ng for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. designed to save you money. wireless network even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with

begins right now overlooking times square scott wapner, along tim seymour, karen finerman and guy adami tonight on fast, a big night for earnings and disney volatile after hours. laughing over there. we'll bring you all of the headlines from the c suite as those conference calls are under way. plus, the s&p 500 just inches away from its all-time high. >> what -- >> what's wrong? >> so is the record rally back on and what do you buy now? but first, we start with the tweet heard round the world or at least around wall street. ceo elon musk creating chaos with a single tweet, quote, i'm considering taking tesla private. $420 funding secured which led to the stock soaring and then being halted and then soaring once again and let's go to leslie picker in the newsroom for a wild day in tesla. >> wild day indeed as the stock soared the questions surged, what buyout shops would assist musk? how finalized is some sort of deal and is $420 per share a real buyout price? meanwhile, musk continued tweeting, but not answering most of the major looming questions eventually the stock was halted for pen

while my friend guy adami recommended it, the nordstrom guys always seem to find a trois strew it up. i do admire their consistency. the last quarter was a downer. i think the company has gotten their inventories in line, and i don't think things have gotten worse. in fact, i'm betting like with the competitor lam research, the stock is trying to bottom. well await the conference call but the morgan stanley piece that came out yesterday was a downer then the big one for thursday evening, nvidia. not my dog, but the company. somehow not being candid the rest of the show, candidly, i keep hearing whispers of a mixed quarter partly because of weaker cryptocurrency but partly because of rivals like amd winning business i just wish the stock would follow suit and cool off going into the quarter finally on friday we hear from a company that is at the heart of the tariff and trade issue, deere. the farmers of this country are starting to squawk that they aren't doing well because of the retaliatory tariffs from our trading partners and that means deere's quarter mace not be up to snuff that

chasing him down and it's guy adami. >> alibaba that's been chased down. >> yeah. >> karen >> footlocker. >> okay. guy. >> giddy up on that nordstrom, i don't care what the the twitter pulse says. >> thanks for watching "mad money" with cramer begins now. >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you money. my job is not just to entertain, but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. you may think the stock market is built on a foundation of logic, but you'd be wrong. investing in stocks is by nature a leap of faith. think about it these are pieces of paper. their value goes up or down based on what you believe about the market in short, the market is a conglomeration of thousands of leaps of faith on a di like this where the dow dipped 45 points and the nasdaq advanced .06 points,

. >> and guy adami the stock racing toward a trillion dollar market cap and the first u.s. company to reach the landmark and you won't believe how high and some analysts think it could go plus, it's a wynn fall get it maybe not. the casino crushed continuing after hours. wynn down nearly double digit sdmas earnings call under way and we'll bring you the very latest, but we start with tesla. one of the most controversial stocks in the market charging higher after reporting earnings moments ago posting a larger than expected loss we've got full team coverage throughout the hour. gene munster is getting ready to jump on the earnings call that starts in about 30 minutes our phil lebeau is in chicago standing by with instant analysis and remember, it is the call that everyone will be watching phil, kick it off with you as we await word from mr. musk himself. >> scott, this is a relief rally. that's what we're seeing right now because if you look at the numbers for the quarter we've said it all along, the earnings per share is really not what people are focused on. yeah, it was a

tim seymour, guy adami president trump amping up rhetoric taking on the social media giants, google,and twitter. what does it mean for the stocks the details. check out shares of till ray, the pot stock on fire, smoking hot after its first earnings report the ceo just said something that's got tim seymo

your traders on the desk tonight are tim seymour, karen finerman and guy adami.ck out shares of drop box it is dropping down 9% and the earnings call under way right now and we'll tell you what wall street is saying about that report and obviously, investors they no like >> plus all work and no play would make everybody especially jack dorsey a dull boy and he's working overtime on his apology tour his first stop, fox news and

overlooking times square i'm scott wapner our traders are pete najarian, tim seymour, karen finerman and guy adaming into the tweets from elon musk yesterday about taking his company private. could twitter be tesla's downfall we'll explain. plus, it's a crypto crush. bitcoin sinking after the sec delayed its decision on another proposed etf is this the final nail in bitcoin's coffin

your traders are tim seymour and guy adami.alling it the dark side of the cannabis space and sending shares plunging 30%. so what exactly does he not like about the company? he's here to explain and apple is in a new high as the company releases invites gene munster will be here with a look at what to expect, but first, we start with the markets. major indices snapping a

. >> and guy adami the stock racing toward a trillion dollar market cap and the first u.s.on't believe how high and some analysts think it could go plus, it's a wynn fall

begins right now overlooking times square scott wapner, along tim seymour, karen finerman and guy adami tonight on fast, a big night for earnings and disney volatile after hours. laughing over there. we'll bring you all of the headlines from the c suite as those conference calls are under way. plus, the s&p 500 just inches away from its all-time high. >> what -- >> what's wrong? >> so is the recor

live from the nasdaq marketsite overlooking times square your traders are mike ko and guy adami. tonight on fast, amazon cracking 2,000 for the first time ever this week and the stock is now part of a growing trend that might make it harder for retail investors to get in on the rally. we'll explain. plus the s&p 500 closing out its best august in years and a be in of surprising stocks are surging and we'll tell youha