buy, buy, buy bonds.his is no time to say you have done enough. this is the time to really do your stuff. and even if you can't be a soldier in the ranks, you can be the guy that helps to buy the guns and planes and tanks. this is the time for you to do your best. this is no time for you to take a rest. the enemy is reeling, and his morale is low. and now is the time to fall in line and deal the final blow. eye, buy, buy a bond. and by-and-by the bond you buy will bring us victory. buy, buy, buy a bond and you will be standing by the victory arch when johnny comes marching home again, oh you should be not needing a request, for after all you know that you are investing in the best. until the lads come back again, back to attack again, buy, buy, buy bonds.>> do you think the message got through? oh yes, oh yes. buy, buy, buy bonds. keep buying them and do not think that just because the war seems to be going our way that you can slack off. actually, after the war was won, and that hard-fought victory was a

that's why i always tell you it's buy and homework, not buy and hold i wish they would adopt buy and homework we'd save people a lot of money. i bring this up because people hate, hate, hated a m ed admittn they make a mistake. once we make up our minds things are great for coca-cola, we don't want the facts to get in the way of a good story. you know what? you can't afford to fall in love with a stock when you buy shares in a public traded company, you're not swearing to stick with it in sickness and health for richer or poore epoorer you don't need to go to a judge for a divorce. acknowledge when something should change. if you buy a stock because you believe it will take a ton of market share and fails to do so, don't move the goalpost and search for reasons to hang on. just get out of there. you must be willing to recognize companies will take a turn for the worse. managements make mistakes. ceo's make errors every day. let's pick one let's pick bed bath and beyond literally spent $5.4 billion buying its own stock back from 2013 to 2017, through 2017 at no attempt to boost earnin

plus get $250 back when you buy an eligible phone. click, call or visit a store today. >>> welcome to a special show about you, knowing what you can and can't do because it's not -- because it's not right for you welcome to a special show about suitability. the first kind of suitability we will discuss is age suitability. i want to start with kids. particularly with infants. "mad money" has been on so long kids were born who are teens and if their parents listened to the show when it started they would be on their way to great wealth. pa parents, grandparents, listen up i want you to open up accounts for them or at least give them shares of stocks so that from the earliest moment you can start the process of saving that you have to do here is my commercial for what everyone seems to have come around to the notion of index funds. we've come through a period where almost all stocks traded together and we've seen so many managers let go or fired because they can't beat the market take a couple hundred dollars and buy shares in an index f

rapid fire calls >> buy, buy, buy >> sell, sell, sell >> and then the lightning round is over. are you ready, ski daddy the lightning round, mike from new jersey mike, mike, mike >> caller: jim, first time, thank you for all you do >> no problem. >> caller: i'm in the house of pain do i double down check, take my chips and go home with 10 national gaming? >> ten national gaming, i like it here. i don't want you to leave it i like the domestic game you don't have the hong kong problem. i say stick with it. don't double down. >>> let's go to jim in florida jim. >> caller: hey, jim, how are you doing? >> pretty good, thank you, how are you? >> caller: i'm doing all right my question for you is regarding the merger with cvs. what's the difference between class a and class b shares of viacom >> nothing, they're both going down, it's driving me crazy. the charitable trust owns via. i think you should buy it. the merger is terrific bob backus has to come on "mad money" and explain why this is great and i think, therefore, people will understand why my charitable trust owns it right no

normally i would say buy, buy, buy. they do too much business in the prc. might be a natural target for retaliation. j. powell, our clever fed chief, had great intuition about these tariffs. can you imagine how bad today would have been if powell hadn't can you tell us that quarter point break? plus he's got a lot more ammo. don't listen to people who say he doesn't they're wrong. i think after an initial stumble powell is doing a great job. the president and others say he's not a great communicator, give him a break the time to hit him is when he was wrong, not when he's right i believe the president was right to crackdown on china. i've been making the argument for decades. i used to say the same thing when i worked with larry kudlow who was a great free trader back then he's now the president's chief economic advisor on a show we had kudlow and cramer. i recognized how china targeted and destroyed so many american industries i've been passionate about it for decades. however, i have always accepted this kind of move would hurt the stock market at least i

it was axiomatic that's why ever since i won't buy a stock without buying a dip off the table. i try to do that for my charitable trust which is the only way you can do it these days you don't just buy shares in more and more companies. you need to limit your holdings. that's a discipline and one you should adopt pronto. all the money managers i know have hundreds of positions they can't keep track of those i don't know how the heck you're supposed to stay on top of more than 30. all the really good money managers have a few names they know inside out which means they can buy confidently on the way down when the market goes awry that's why i say don't own too many stocks. now, i know it can be constraining you wiped up selling some stocks that are good for stocks a that aren't as good i know that. hindsight is 2020. take it from me as someone who has owned stocks 40 years. it's far more likely you'll be selling marginal companies in order to get bigger and better ones that's how to make a portfolio really work for you. that's portfolio management. you don't want to be a mutual

semantic buy buy buy. >> am i clear. >> do it. >> thank you >> hi jim, my name is josie berman frominneapolis, minnesota and my question is after what happened yesterday with the stock market being at a low for the year, is now a good time for new investors such as myself to invest in the stock market >> yeah, i think it is i've been waiting -- people wait for a break and then when we get the break people run from it it is a big sale at a mall and not one of the malls that is broken down. it is not a c-class or a-class there are many stocks down between 10% and 20% from the highs. i like that. we're only down 6% from the high altogether which is a big problem. that is why i want you to do it in stages. do not be aggressive but start here don't feel bad if you want to put a quarter of the money to work 10,000 or $2,500 thank you. >> i'm tori from new jersey and given the volatility of the current market why is it advantageous to invest in house hold name stocks. >> they tend to throw off cash and have good dividends and yield -- [ technical difficulties ] i would rather have coca-col

why not buy the stock? i think this week gives us the answer to that i wouldn't want to run out and buy stocks at this point thinking the worst is over because i don't think in the long run it is yet. >> everybody -- >> he's trying to be constructive here and saying the worst is not over here. >> he is saying short-dated option prices into the earnings print are very elevated. he wants to take advantage of that by selling shorter-dated premium and using the proceeds to buy longer-dated premiums mike would love the stock to go to 209.99 and close right there and end up owning the longer dated 210 call i like this trade. we will talk about my cisco trade from last week, it was very similar you try to do these sorts of trades around earnings events because you get the setup. but to me it is a constructive trade, but, you know, we have to thread the needle here a little bit. 210 is an important level. >> no, i think that's exactly right. it is one of the situations where we actually have, like i was saying befo

i think you buy burlington and buy it here. it's a perfect one to buy when you're looking what the is going on with retail i need to go to brian in michigan, please, brian. >> caller: hey, jim, thanks for taking my call. >> okay. >> caller: long time theeme thi. with the price near a 52-week low, what are your thoughts on the simon property group >> man, that's david simon he's good. i know that you're probably tempted to think they can't cover that dividend but i know that the malls are under stress. they have really good malls. i love to have david on. i think he will tell a very good story but i don't want to put words in his mouth because a lot of the retailers are 9% yield now. that keeps going down. so let's do -- let's invite him on he's probably the best guy in that particular end of retail brick and mortar as american capital finds a way to beat capitalism, you're safe from u.s. stocks than you think. much more "mad" ahead. the whip saw action i'm eyeing one that should be up not down, then gw pharma is smoking hot. ca

>> buy, buy, buy.3 they're not working.ations, you're most to the rest of the market that the yield has been smaller than the group. not any more it's tough to -- the c.e.o. tryingending enough to keep theb[u bp the best yield 7% has been a terrible holding as of off to stable this should be a fabulous time to own stocks. the group has been mercilessly hamme recommendations. they're not working. if you bought any of these schlumberger with an unheard ofo likely down under pummel ford r caving to the california emissions standards. even auto makers have given up fighting for fossil fuel iscond around the world that's [u/n stable this should be a fabulous time to own stocks. the group has been mercilessly hammered you can now get the best of the best of the best of som[ companies. schlumberger with an unheard o 6% yield, and the companies swear by the dividend. there are a couple things going on here. first the oil stocks have become pariahs. president trump just took to twitter to pummel ford motor for caving to the califor

buy, not statement buys but let them drift down. for example, this year we've had a deluge of ipos, some good, some bad, some terrible. every time they come public i tell you it was worth buying only on price. don't do it yet. wait, wait, wait time and again these newly minted stocks would shoot up to ridiculously expensive levels where i felt uncomfortable recommending them. somehow people are claiming i'm the biggest leader of ipos tell that to the bankers that are pushing we work when i said it would be a disaster in the making depending where they did price it i did a piece, by the way, last week on the show talking about how i may have been too cautious in not recommending ipos but i didn't want to hurt anybody. i'm standing by that wow. guess what you're getting the price break we've been waiting for here is one i like that's been hammered call revolve group. okay i mean, this is nasty. it's a web-based fashion retailer taking major market share from the big department stores, not after revolve became public in early june, i t

because people buy bonds as a hedge against, when inflation goes down you buy bonds. because inflation goes down when there's a recession. so just to put it out there, that's kind of what caused this. this flattening of the yield curve meaning the bond yields, prices are going up, bond yield's going down and the long bond yield is becoming equal with the short term. liz: we have just gone below the 200 day moving average here. this is a six-month chart of the dow jones industrials. we are down 768. 770 points and falling here. 25,514. >> one other thing to remember, i think our viewers, if you have been in the market, you talk about the trump bump all you want. if you took a dow, a line of the dow from the minute he started the trade war which began about january right after he passed this tax cut, right, the market had priced in all the positive from the tax cuts and deregulation before that, which was good, if you look at it from january 2018 to now, the dow jones has essentially flatlined or is lower. you should take a look from january 1 or 2 to now, '18, the dow

are you buying it or fought? >> chipotle 735 to buy, mastercard 255 to buy. facebook 177 to buy, thank you. >> i have berkshire hath a way somewhat lower this is a name that i have not been in, has not performed has actually been flat year-to-date with the market up 18, 19, 20% at its best levels now the markets pulled off a little bit berkshire came out with earnings over the weekend the operating business is boring nothing good is happening there however, earnings are growing because of the sheer financial growing sheet. berkshire is not a hedge but this is a wane that will take advantage. berkshire has 121 billion in cash sitting there earning nothing awaiting market opportunity that has not come in years. for me, that's the kind of thing i i want to do in a tape like this that is where i want to get it lower >> that is exactly where i want to go. where are you going? >> salesforce, we talked about it on the show last week, they're fairly insulated i.t. spending could come down they're the type of long-term company i'm talking about. >> i was talking crm f

, buy, buy. >> sometimes crashes have nothing to do with the economy but mechanics of the market. knowing how to respond is essential to your money. on "mad money" tonight, my sell off strategy session continues don't miss my take on the micro crashes that made me short but could have lasting effects on your view of investing >>> you might know chicken little and the boy who cried wolf from fairy tales but they play a role in the market. is it always the fed's fault not always the rational reason the market declines with the central bank so stick with cramer >> announcer: don't miss a second of "mad money." follow @jimcaa mrramer on twitt send jim an email to madmoney@cnbc.com or give us a call 1800-743-cnbc miss snomething miss snomething head to mad mun dmoney.cnbc.coam tell him we're flexible. don't worry. my dutch is ok. just ok? (in dutch) tell him we need this merger. (in dutch) it's happening..! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. now with 5g evolution. the first step to 5g

i try to buy land in canada once i was not able to. drives me crazy because i love canada so much and you are our best friends and we americans will never forget it stick with cramer. blatch trust usaa more than any other company out there. they give us excellent customer service, every time. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. . >> i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer and i'll see you next time. >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, th

>> john, don't touch it. >> hold it >> don't buy it? >> i would not buy it.do own it, i would protect yourself with some down side puts. it's a company in free-fall. had some clinical trials that have failed. then it reached out to by allergen, a company that has massive debt and they're doing it with debt itself. dividend yield of 4.6% >> do you buy puts or just get rid of it? >> if you're long, i'd buy some puts. >> okay. >> mr. options man, one for you from harry in north carolina transocean what do you think? >> i'd only play it through options. i think it's like rolling dice right now with these names that name has been sold off an incredible amount and the lack of performance is absolutely staggering right now so i'd stay away from it i think there's better names in energy >> 45 seconds or so left final trades >> i'm going to give you symantec the 22 1/2s, 24 1/2s i like this name it's gotten beaten up. >> region, uk large cap equities valuations are attractive. think they do well or without a brexit deal. >> okay. >> more of a long-term play, but, yes

you're buying one of the october 130 puts for $2.70 that costs you 70 cents. here's how this works out between now and october expiration if the stock goes up 160 you have gains in the stock up to that are you called away at 160 versus 100 shares of stock, if you were short one call you would be paired up now you have losses to the down side, down to that long put strike, down to 130, but you are protected below that again the structure costs 70 cents a premium. that is basically out the window no matter what happens this is an interesting strategy in volatile times in volatile events for positions you want to hang onto but you're worried about extreme down side. >> you hit the critical piece. whether you're talking about in the money call put spread or a caller like this you've created a situation where the risk and reward are essentially symmetric, however, we don't believe that the risk or the reward in the stock are sim et cete symmetric. i can see why you think 160 might be a near-time high. the low was 120. and we're obviously in a volatile market period

but the buying that i bought today.y started this buying exactly here, june 3rd and it just continued on the way up there's been about six or seven different hits in the slv. one just a week or two ago this one today, what i really like is, here you can see at the september 17 call, stocks trading almost exactly where it is right now at 16. these calls are only 35 to 40 cents. i think i got in somewhere around that range, 37 cents, something like that. it's a great risk/reward always looking for those kind of trades i love the fact right now it seems like the acceleration of silver if this continues, and they've been right, if this continues, this acceleration to the up side could test the five-year highs of 19 bucks a share. we'll see if that happens. right now i own both the 15s and the 16s in september in terms of these calls. one more for you as well everybody on the desk hates these banks it seems like. a lot of us have talked about how little that they've done look at first horizon, however this is an interesting

loan to buy our house, 2 percentageers. as rates soared, i heard again and again pop got the greatest deal of all time and we would never see those rates again. if pop were still alive, they have 0 interest rates in denmark. he would probably go to copenhagen not long ago we were fretting the market rate was in trouble rates made it so that a house was not affordable people wouldn't want to put a new mortgage down payment, they couldn't put the down payment. let me think we have now the down payment because there's good job growth. now we have lower rates. that's called affordability, people problem solved i know that historically seeing treasury yields this low has been a bad sign. the yield curve often means the economy is headed for recession. as i said before i think that's a misdiagnosis our treasury bonds are being snapped up from people overseas who want a decent yield. in many cases their own country's bond is negative they bid up our treasury that gets something pushes oi r our long term interest rates down. it's n

, buy, sell, sell, buy, sell. and then the lightning round is over let's start with jimmy in new jersey. >> jimbo. >> yo, yo. >> caller: my company is drop box dbx. >> drop box is doing incredibly well but the stock is doing incredibly bad and i think that usually means that drop box under 20 would be a steal. eric in colorado, eric >> caller: hey, jim, thanks for taking my call hey, i just started participating in my employer's stock option program and wanted your thoughts on arthur j gallagher? >> that's a very well run risk management superior and most don't talk about it i think you have a great one there. let it ride. justin in florida, justin? >> caller: boo-yah, jim. giving you a call here live from bliss garden sorry for the excess noise here. >> can't beat that. >> caller: can't beat it at all. giving you a call about fang. >> we don't want to buy -- i'm telling you, after what happened last week, i've really had it. fossil fuel stocks are for sale and that's one that's for sale two, let's go to walter in

they have been buying bonds. they haven't been buying stocks. and that's good. and asset allocation and portfolio diversification will get them through because we're not in the camp that the bottom is about fall out. even in the case of a recession. we don't think the market has to go down 20% because the market is already somewhat priced for that >> that's a really important point. i'm glad you made that i hope people listen to that, take that to heart >> one of the things that i've seen clients do a lot thinking that it's defensive is to be short on the curve because it insulates them from interest rate moves when being more defense sieve having some traditional longer duration and you would have benefited from that a lot in the last few months don't look at duration as risky. it's the only thing that can offset -- >> too late for that now because you have an inverted yield curve. >> it is inverted. we're at 155, 160 on the ten-year here, 1.55, 1.60 above almost everywhere else >> if we're looking at cash, we get about 1.50 in cash why should i take the ten-ye

, buy, sell, sell, buy, buy and then the lightenining round over are you ready ski daddy. jake in virginia, jake >> caller: cramer, thanks for all you do for cramerica ticker i.t., the stock tanked after the recent earnings rep t report how long do you think it will take to recoup this loss >> we have to look i always liked gardener. i drill down and see why it's so bad because wow, that might be an opportunity i'll come back to you on that. let's go to ron in florida, ron? >> captain jim. >> yeah. >> caller: captain ron from florida. cyber ark reported a great but they are losing ground and i can't identify why. >> the seller is just not really understanding the story. i think that -- boy, i got to tell you that may be one of the great buys there is a lot of people that say listen, the only ones we want to own is cyber ark let's go to kevin in florida, kevin? >> caller: hey, jim. last october you did a piece on the five best class and in health you picked nova cure. i bought it and it tripled should i buy more? >> don't buy more but we had the company on, mr. doyle on i b

then why not just buy the stock? i think this week also gives us the answer to that i wouldn't want to run out and buy stocks at this point thinking that the worst is over because i don't think in the long run it is yet. >> mike's trade leans bullish and he's trying to be constructive. >> he's saying the worst isn't over. >> he's saying short-dated option prices into this earnings print are elevated he wants to take advantage of that by selling the shorter-dated premium. so mike would love this stock to go to $2.09 and close right there and end up owning the 210 call i like this trade. we're going to talk about the cisco trade, and you try to do these around earnings events to me this is a constructive trade. 210 is an important level. >> i think that's exactly right. this is one of those situations where we actually have, like i was saying before, we have a couple of things working in tandem when the market itself is getting significantly more volatile, you're going to see the volatility of the individual stocks ris

you buy that? >> i do buy it. i think that's the reason why he's going to come to a deal at some point before 2020 because right now, he's motivated -- neil: day before the election? >> hopefully before that. but he's motivated to fulfill his campaign promises before the next election cycle. i think for that reason he will do so but at this point, with the tit for tat, we just don't know who's going to win. neil: like my italian relatives. it's ugly. i'm curious about just the market reaction here. normally, when you see interest rates tumble, as they have been, and then of course, people factor in additional rate cuts, notice wait a minute, they are now definitely looking at at least two more, maybe the second one is a half point cut, so it's getting kind of, you know, crazy talk and maybe that's good talk, but it's certainly not helping stocks. why is that? >> no. it hasn't been. usually what you see in a rate cutting cycle, you see the fed usually cut historically three times. but that has to be flown through t

better life. >>> it is time, it is time for the lightening round buy, buy, sell, sell, buy, buy and then the lightning round is over are you ready ski daddy. time for the lightning round ron in oregon, ron >> hi, jim thanks for talk ever ta s fs fol you think i should add to my position >> i like smith kline. it's terrific. let's go to jean in indiana. >> caller: nice to talk to you. >> i like the hoosh ers, good movie. >> caller: i bought stock on my security i bought century link two years ago 300 shares at $27. today you showed the stock at 11.59. i should have sold sooner. what should i do >> i don't like it there and i don't like it here and i think, yeah, you have to. i really do. i'm sorry. let's go to reginald in texas. >> caller: hey, jim, how is it going today. howdy and big texas boo-yah to you. >> what's going on >> caller: i was calling today because i had a question about a particular stock that i have, a small position in. their ticker is pegi and their patterson energy group. >> i don't understand why it's doing so well. it's got a great yield i'm trying to figure out whe

that you'll buy u.s.t >> absolutely. as you pointed out previously, we're in a world that has no precedent. we can't go back and say the last time we had negative yields -- we have not had a last time or the last time we had qe 1, 2, 3, we have not had that. that creates a lot of anxiety because there's no playbook for the type of environment we've been in. >> hank smith, appreciate it thank you. >>> a number of other individual stock movers to talk about let's find out who they are. >> do you call them trainers or sneakers >> sneakers. >> let's start with lyft the ride hailing service reporting a smaller adjusted loss in the second quarter as revenue rose 72% beating forecast lyft is gaining more riders and those riders are paying more per ride the company boosting its outlook for the year shares are up 6.1% in premarket. >>> shares of adidas are lower in germany after the sports wear giant reported disappointing sales in the second quarter. shares are down almost 2%. adidas does expect a recovery in the

we saw they were buying in the first week of september and buying the nine strike calls they bought about 11,500 at the time now it's pushing towards 12,000 of these about a 20 to a 30 cent option risk reward, we always love those trades i love what i'm seeing here. i bought this i will be in this about a week that's about what i have about two weeks maybe to be able to hold on to this thing this one i like a lot. i got one more as well i got corning. corning hit right out of the gates this morning, very very actively bought. you see, once again, a stock trading call it in the middle low 30s in here, the severe drop it's seen recently maybe there is a little recovery in front of it right now they are buying 15,000 of these october 28 calls so they're right at the money. they're directly going right at where the stock is trading i love cmes. they're going about a dollar this was a large trade i will be in this probably a month. i will love seeing this. risk-reward. these are already in the money they're already something that can move to the upside without the low 30s numbers. that's when

but i think that's a buying opportunity. you got to remember they're making a lot of acquisitions on the software and security side, and that continues to get their multiple moving higher right now at 15 times. i think that's a little too cheap. >> you on this too >> yes it seems a little gratuitous, my friend [ laughter ] >> i don't miss an opportunity you know that. dock, you got a lot on this list >> i like deere, and i like them because of where you started us at the top of the show, scott, talking about apple and whether or not we would buy it at 185. do we see that first before we see 215? this one is one of those also in that kind of a range and it is also about a $15 range, whether it drops from the mid-150s back down to 140 or whether it shoots up, it's been hanging in there very strong despite what happened over at cat so i like this one also keeping an eye on nontech, but tilray just because cannabis sector has been very volatile. so i've been watching that one in these low 40s >> you've also got macy's and that's

, buy-out manager roster. we continue to focus on sector-focus funds and we added two focus managers last year. we continue to focus on concentrating and consolidating the portfolio and one of the areas has been to consolidate more of the large megacap manager line-up that you had and selectively choosing to re-up with a certain number of those. and we are continuing to look at europe, and that has been one area that we have not done as much in, but have had a few in the last five years. there were opportunities that were looked at and then asia, we are, i think, good in terms of the current exposure and line-up, but if we were to add something, it would probably be in an area where we don't have exposure to or as much exposure to the japanese small midcap buy-out space. within emerging markets, in addition to abl asia, we did mae progress if committing to a brazilian manager last year focused on latin america and so, that we think will be a great add. and then on the event tou ventu, venture had a very, very

i just don't buy it. i think they'll make the decisions that the economy warrants a certain amount of accommodation and make that decision based on it and i think that is what they do >> consider the other side of that, though it goes to the part of the point that dudley is making. they may not be driven to cut rates because of the president but dudley almost suggests that they should be driven not to cut rates by virtue of what the president is doing do you follow me >> yeah. i do listen, i think at the end of the day, it's hard to separate the action from the reaction there's a confidence dynamic there's a cap x confidence dynamic that takes place and a real trade you talked about earlier in the she. if trade slows, which is it and if exports slow and if manufacturing slows, then the fed has to be responsive to that and i think that's what at the end of the day, that's what they're going to do. i am convinced that they are not politicizing and make the right call i think today the economy can take a bit

they are buying new homes. second, semi conductor investors have been betting, investors have been betting on a turn around but gave up on the group, ten days ago and that was based on worries about a slowdown and the decision by the chinese to buy local and they are supposed to be road kill. looks like no one told invidia who reported a monster earnings it was supposed to be road kill. what's driving the strength there? look, do you remember when we visited one of my favorite times since i've done the show, we visited them and saw the future of a graphics processer that would make video games life like and it's starting to kick in we saw chips toself self-driving cars, something that needs to work if lyft and uber work. we learned volvo is engaged with uber uses volvos we learned that. we saw the data center and told while there was a pause in spending, it would end soon. apparently it has. no longing taking our language literally. this i love. for instance, when you say go jump in a shake, your computer goes

and can afford to buy. and the problem right now is we still have incredibly low supply of homes for sale. home builders are increasing starts slowly, but they're still nowhere where we need to be, and they're not holding prices low enough to get that first-time buyer in so until you start to see builders really focusing on the entry-level and more people putting their homes on the market which we are just not seeing, in fact, we are seeing inventory turn down again, you are not going to see that kind of bump-up that you would normally expect these interest rates. >> is this a buyer or a seller's market >> it's a good time to be a buyer compared to previous years. we have low interest rates buyers aren't facing bidding wars only 11% of our red fin buyers are facing competition as compared to half last year if you wait till 2020, there's probably going to be more buyers out there trying to take advantage of lower interest rates, and you'll probably have a tougher time winning that home >> thank you, daryl an

consumers use us test drive and buy the car direct. car for them, having a good price and finding a good dealership. so how do you find the right car? it's pretty daunting knowing what you want, how much you're going to pay for it, how much do you work out the criteria? i assume it's more completed than the number of doors and wheels. it's very subjective, you might like the band of the look of it. but there will be practical things like baby seats or a big boot. we have videos for every car on sale, lots of stats as well but it's a purely personal choice. what if you wanted to not just look at dealerships, but also private sales, quite often you get better deals there. you won't necessarily get the mark—up. do you ta ke necessarily get the mark—up. do you take that in as well? we are focused on brand—new and nearly new cars, nearly new are up to two years old and they have the manufacturer warranty. you can buy safe that your car is not going to break down and you can go to an official dealership if you have a problem. we keep being t

>> no. >> buy this upgrade?don't think either of them are on a good path right now, scott. but of the two, yes, i agree, uber is in better shape than lyft. >> the amazing part is the analyst community thinks that they're in good shape. >> yeah. >> remarkable what the analyst community thinks of the stock. $73 a price target for lyft, 51 for uber about 35 analysts covering each, 23 to 24 is the number that have buys there's only two sells >> the street loves -- >> how many analysts that don't work for investment banks that took part in the public offering have a buy rating on the stock i don't know off hand and i bet the answer is zero. >> we're supposed to buy it on a return to profitability. >> let me ask you this, everybody sort of says, you know, you're at least a couple years off from profitability, right. there's no guaranteed road map that says we're going to be profitable in x year if you're a longer term investor, two, three, five years, nobody sees this as -- >> there are no barriers here. >> positive r

>> i started buying. there is your answer yeah look, i know this may sound crazy for a value guy to be buying a stock like this here is the thing. you can start to value this thing. it may not be on the traditional metrics. but price to sales is what this is going to get measured on. they are goeg their sales at 60% year over year that doesn't take into account the opportunity internationally. i think at two years they will be at three billion in sales pretty easily. their traditional multiple has been ten times seven times, that gives you a 21, $22 billion market cap versus 13 today. i will take that action, okay? and it's not just the sales. they started to become profitable and they should grow profitably i don't have the tv in front of me, but i sent a chart from the earnings release do you see how they are growing their business in terms of users? >> we will try to put that up as we are having this conversation. you are willing to chase it. shouldn't you have thought that they were going to get all o

best buy doing the same thing. i think that best buy's sourcing is very diverse.re not going to be all eggs in one basket anywhere. best buy has got a lot in a lot of other countries. if you need a tv, you're going to go to best buy. they will be able to sell you a tv even if all the tariffs hit and they hit the way they're advertised, best buy will be able to satisfy a tv shopper with a nontariff product if the customer wants it. if the customer wants a tariff product, that's a choice they make. they have to pay up. >> this is interesting because at least in these companies you're looking at, it looks like they don't need china. >> they don't need it potentially as much as investors may think at first glance, because when you go back over the last several years, we've had the hangjeng bankruptcy, we've had dock strikes, we've had a tsunami in japan that disrupted supply chains. and all the big retailers, they've got the financial flexibility, they've got balance sheets, they've got cash they can invest and they've diversified supply chains. i look at restoration

, the 190 level is a buy signal for you? >> it's a bigger question if there were no tariffs. here you could buy it -- well, a little lower 193 just worked because sentiment was so, so negative. so i look at more of a sentiment buy signal than an analyst report. >> some buyers are up 4% on apple. >>> tariffs front and center, delays of tariffs on key imports from china and a phone call from china's vice premiere in china we have violence in hong kong and protestors and yields rise as the risk appetite reverses the recent trend, about 378 on the dow. >>> time for an update with sue herera. >> here's what's happening at this hour. the warden at the new york federal prison where jeffrey epstein apparently committed suicide has been temporarily reassigned in addition, the two guards assigned to watch epstein the night that he apparently killed himself have been placed on leave. >>> house democrats continue to press senate majority leader mitch mcconnell to pass gun legislation and called on mcconnell to let his chamber vote on a

they will be buying it from our farmers. so, the deal is done in principle. we probably will be signing at around unga, around the date of unga, we all look forward to. we are very far down the line. we have agreed to every point and now we are papering it and we will be signing at a formal ceremony. and i just want to thank prime minister abe and the japanese people. you have been a fantastic friend and we very much appreciate it. this is a tremendous deal for the united states, a tremendous deal for our farmers and agricultural ranchers and also other things including as i said, e-commerce. so it's very big and we look forward to it and thank you very much. >> [speaking japanese] >> [speaking japanese] >> [speaking japanese] >> with regard to the japan-u.s. trade agreement, a series of terms and negotiations has been conducted with ambassador lighthizer in line with the u.s. japan joint statement on september 26. by now, we successfully have reached consensus with regard to the corn element of both the agricultural and industrial products, and i certainly w

we see them buying calls in september. i think these 280s that they're buying are a play on back-to-school so i bought them with them. i think they'll be in them two to three weeks >> come back this way. the investment committee is answering your questions straight ahead and you still have time to reach us. cnbc.com/halfcom or tets. 'rba iju about two minutes. pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. >>> hi, everybody. i'm kelly evans. coming up on "the exchange." bonds have gotten way out of whack. is it a temporary cyclical aberration or global bond market structurally and maybe permanently broken discuss all of that. >>> plus, a tariff hangover for whiskey. we'll talk to a distiller whose business has come to a complete halt and. >>> terrell davis says cbd could have extended his career he's launched his own cbd line and will join us to talk about that >> good stuff, kell. see you in just a bit. >>> let's answer some o

best to buy ice andi there to do their best to buy ice and i think those two things are up against each. there is a problem and kate alluded to it that not all remainders here still want the same thing. and some month a referendum and some as ken clark is indicating, want to renegotiate where we were a few months ago.|j remain person writing for a main paper, that is the problem, there are different camps for romaine, there are those who want another referendum and there are those who wa nt to referendum and there are those who want to do this and do that and there is left, left or right, left centre, they don't want this and that they don't want corbin... i think what is being highlighted here is that politicians have their own political ambitions, left—wing or right—wing and they are letting them get in the way of the most important thing which was the vote to leave the european union and even a few years later it has not happened and the talk of no—deal brexit is only crying because parliament was never oi'i crying because parliament was never on the side of those invited to even tim

get there it's because the banks are lending against the ponzi value of the bonds to leverage more buying of those ponzi extended bonds and of course like iceland this will result in a 98 percent co-ops never in the history of the world in 1971 did the human race ever engage in all fiat's currency commerce trading settlements system i we've always had gold backed currencies or other some other hard assets that's why nations went bankrupt all the time that's why many wars happened is because france would go bankrupt they would have no gold left or something like that so now we have just an infinite regress of ever referring to another contract or another fiat's currency printed by something backed by we don't know what except for perhaps the mightiest army that is ever stopped and threaten the earth and that's what we have now so that's why they could go. they think they believe they could do this all right i mean it's a good point that up until 971 there was always at least one currency in the world that had a gold backing you know the brentwood agreement that was after world war 2 set th

buy is solar city's model. it is that simple.homas: you know, the business model is very different than what people know and, for at's new. but what's unique here is that it's a partnership and a partnership means that we unusual in business.herhe se tiy typically, that's a business and a client and they don't lose--they don't win or lose together, but in this case, because it is a partnership, and we go in together at the same time, if the house appreciates, we both win. if the house depreciates, we both lose. so there's no catch or no mystery behind it. it is really just a partnership but it is new and you have to explain that. erin: but how do you convince people that you'll be around for the long haul because you are, kind of, you know, a little bit of an upstart. you said you've been doing this for 12 years but still i think when people are thinking about their house, they're thinking about long-term and if they wanna do business with a startup, what happens if you guys sell or if there's a housing crash. true, yeah, i mean,

i'm not buying it but you make an elegant argument. have to have some -- >> i'm not buying it either. >> no i know you're not. but, hey, i bought roku. >> what's the difference >> look, okay, let's make it simple roku is momentum. >> that was momentum >> right now beyond meat doesn't have momentum. >> ki just point it out? it doesn't have momentum. >> it had negative momentum. >> that has stopped so quantitative models, once the price begins to deteriorate out it goes to the downside like they go to the upside. who is the marginal buyer? >> what are the options guys doing with this stock. >> there is one big trade that happened a few weeks ago when the stock was 130. i know it sounds like a few weeks ago -- it was calls and they traded out as the thing went through 200 for the second time. there hasn't been a return of that action yet about dell frisco's -- not del frisco but dell taco. when you get a jpmorgan upgrade or any of these qsrs coming up with this, when josh's shake shack gets out that have -- >> i can't get the del frisco b

lewis: why do we need to have european companies buying those? we can put it in the contract they cannot use components made in china? hear more we will today from some of our other witnesses about the change in the supply chains over the past couple of years. there are certain apis only sourced from china. are here today, and mr. priest, we appreciate all you are doing. we understand the regulations often prescribe certain activities. i think today's hearing, and i , will helpow-on work us on capitol hill understand some of the challenges that exist and the changing sourcing landscape. we didn't talk about technology and etc., as we talked about off-line earlier today. remote technologies that are subject to hacking, and remote medicine for the battlefield, etc. all of those are a different vector that poses new challenges as well, and we are appreciative of your testimony. we know that your primary duty and what you do so well is to protect our war fighters, their families, and retirees, and that's what we are hoping to do. we are proud of the

. >>> so president trump has been asking about buying greenland. the world's largest island which is owned by denmark. but greenlanders have a counteroffer. greenland is not for sale. more tonight from cnn's fred pleitgen who's there. >> reporter: seems like a lot of folks here in greenland seem to almost be mocking president trump's alleged idea to acquire this territory or possibly somehow purchase it. the government of greenland has come out and said, quote, greenland is not for sale. and local folks here in the southeast of the country we've been speaking to said, look, this is something america tried in the past, 1867 when there apparently was a push and the time shortly after world war ii and one resident said it simply isn't going to happen. now on the face of it, it might not be such a crazy idea for america to want to do this. greenland apparently does have very vast natural resources that the chinese have been trying to get their hands on through some chinese companies. it's obviously not something that america is very fond of. and it's a

they've responded buying back shares the first time they are buying back shares. first time they can do that. i'm buying more and again put it away, don't look at it for two years. >> that stock will make a little move there thanks to all of you as well for your questions. >>> coming up, nike making a big bet on your kids with a new prescription service we will debate that next free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ - (phone ringing)a phones offers - big button,ecialized phones... and volume-enhanced phones., get details on this state program. call or visit and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ri

people can buy them legally without background checks or any sales record. it's estimated there are thousands of ghost guns in the u.s., but the exact number is unknown. >> so is that easy access to guns or a mental health crisis or something else entirely? coming up, we look at the growing debate of what is really to blame for mass shootings and what researchers have discovered.>> we really need to stop blaming gun violence on mental illness.>> plus, the right to keep and bear arms, but for who? we go over the second amendment with an expert in constitutional law. (music throughout) the special report, the debate of the second amendment is always a heated topic area >> and google searches for the second amendment tend to spike after mass shootings. just take a look at st three years. in june 2016 there was a spike on the day of the nightclub shooting in orlando. two months later, another spike when then candidate donald trump told gun supporters that they may want to do something about hillary clinton. >> the following year people were once again searching

keith, would you buy it? at $36, would you buy it? >> no, i wouldn't.'t think the thing's worth $15. i don't like that stock. i think there's a lot of other plays i would rather have my money in than that one. stuart: okay. i think -- >> rarely do i take the other side of something from keith, but i think this is a long-term accumulate, every time we get these pull-backs, i think you can nibble on these pull-backs. i would like to see this one turn around a little bit because we have come down from some pretty lofty heights. i think uber is in a great place and the mobility as a service space, i like it long-term. stuart: susan, should i sell my microsoft? move into uber? susan: that would be dangerous. you get cash flow already from microsoft, a proven profit machine. this company has been around for ten years, hasn't made one profit. i would say d.r. made a pretty good point, uber raised around $8 billion in the ipo. are you listening to me? $8 billion in the ipo raised and they basically had a one-time cost associated with it -- ashley: 4.2. susan: t

so it's so easy to buy online.s nike has increased their presence, which they have, it's coming out of foot locker and other retailers. >> bryn, you have brought along new trades do tell. >> i'll start from a macro allocation trade it's important what you don't own as much as what you do own in a portfolio last year, we actually exited our develop international trade. earlier, end of last month, we sold emerging market equities and bought gold. so we added gold as a position i think you can own gold for a lot of different reasons inflation, deflation, we think it's really important as global central banks, not the u.s., have started a zero interest rate policy. and you have devaluations of currency globally. gold has been a value for thousands of years, is a good hedge against the other aspects, but also technically, if you look at gold going back really 2013, when it hit its peak, it's had a nice six-year base and just broke out last month. so not only do we like we'll say the fundamentals from a macroeconomic sta

said no, they are not buying your picks on citi.was forecast because we had three buys on the desk. >> yes. >> you know who is voting for this and not voting for this tony braxton she wants to hear the song every night. >> i know. that's true. >> why do you take such glee when i get eviscerated in these games? >> i don't, i don't. i take glee when everybody gets eviscerated. equal ee visceration tim, final trade >> williams and sonoma part of the housing trade that i think could have sharon williams in there but the bottom line is 15 times they upped guidance, 17.5% comp. like it. >> bk. >> we talked about lower rates, currency wars, potential recession. you know what does well in all of those gold >> steve. >> chemical space, tse is the ticker that's how it comes out. it has gotten beat up in stock price. i think it is going to recover. >> a shout out to the great high school football players of georgia. they played over the weekend and they all watch "fast money". i know you find it hard to believe. citi bank for all of you who vo