dan nathan, what do you make of the netflix trade?ven though t is down 77% from its high made just last year, the stock shows good relative strength. it is up 35% from its low over the summer. during q1 they lost 2 million subs. during q2 they lost 1 million subs. they have pulled forward just a bit and the timing on this ad supported model will add uncertainty but it is one of the reasons why the stock me stay big and even if the nasdaq goes back towards its lows, it may not make new lows. so this is when i want to add dollar cost averaging if it were to head back. high single digits earnings and sales growth are expected next year. maybe a drop in subscribers lost, this could be an unusual value. >> i have heard that from a lot of traders him. >> relative to itself, that is not too bad. netflix has outperformed the market in the last three months by about 15%. i think you have not really given them credit for any of the password generation, additional income or the ad supported model. if anything it is a net positive and on valuatio

market zone right now because we have a pretty deep sell-off on our hands risk reversal advisers dan nathan is here, plus kristina partsinevelos on the chip stocks among the hardest hit and diana olick which are at the very bottom of the list i'll start off with you, dan it was a down day all day. we came in down 1,000, now down 1300 points. we're now looking at our worst day for stocks in more than two years. june 2020. remember what was happening then if the nasdaq loses more than 5.25%, we're going back to march 2020, that day where the nasdaq lost 12.3% this is a liquidation, dan how much of a rethink for you given what we got on the inflation read >> i think a really important way to phrase it is a rethink. over the last month or so a lot of investors maybe came to this conclusion that because a lot of the inflationary inputs that people track, whether it be gasoline, whether it be lumber, freight rates, all that sort of stuff, that the fed was going to get maybe some cooler data into the fall and be able to slow their pace of hikes. obviously today's data throws a lot of cold water on

dan nathan? courtney garcia? >> the treasury hit 4% earlier today.ttractive. >> karen finerman . >> we play this game at the end of every show. how much time is left? we nailed it to the second today. how happy he is. at final trade, yesterday, lucky. tomorrow, sell some higher strike. take a little money off the table. >> near to ear. >> 113 again. >> last time i said objects are bigger than they appear. that referenced the atlanta braves, now in first place along with the mets who play in chase stadium. i see you rolling >>> 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 some money it's my job not just to entertain but educate and put days like today into sperspectiv so-call me or tweet me today, today, we saw this dream session. the dream of wha

on the desk tonight, karen finerman, dan nathan and jeff bills. and we start off with the countdown to a rail strike that could crush consumers. we are fast approaching friday's deadline to reach an agreement on sick leave, quality of life policies if the two sides cannot come to terms and workers go on strike, that could cost the u.s. economy $2 billion a day and wreak havoc on the retail industries which are still grappling with supply chain and inventory issues negotiations being closely watched. kayla tausche has been falling all the developments, joins us with the very latest kayla? >> reporter: melissa, here at the department of labor, negotiators are entering their ninth hour of talks just a little more than a day before that strike could set in earlier today we saw leadership from the two original union holdouts arriving here representing half of all railworkers to meet with railroads and the administration with all parties hoping to make a deal but they're discussing a pretty narrow proposal from paid and unpaid time off. a board appointe

about these layoffs that have still yet to hit the numbers dan nathan >> i mean pausing is not laying's just say, there might be even in this nut thing where you see some attrition but again, think that the story of the q4 guidance given the lack of visibility is cost reductions and the easiest place to do that right now is head count. >> tim >> i think hearing about some fiscal, whether it is not austerity, but what we've wanted to hear from the tech sector for a while now. so it doesn't change the demand out look for lyft. i don't think oh, boy when i hear that. this is a stock that i added to today. so to be clear and i'm going to talk about it later in the show in an exciting seg segment but i don't want to give too much away. >> i think you just did. >> so i'm just simply say -- >> but it is not lyft. >> i should just stop talking. but the bottom line here is sths a company that -- this is a company that has had a 50% move higher and a major pullback. the story has been about finding drivers. getting a hole into their business and seeing the asp stop dropping and that is somethin

. >>> dan nathan is bringing us the latest out of the sears code conference and one social app is dominatinghat it means for big tech, next. >>> housing on its heels. mortgage demand dropping them as interest rates keep climbing. so, is it time to close the doors on the home building craze? the details ahead. you are watching fast money. live from the nasdaq market set in times square, we are back after this. >>> will come back to fast money. tiktok is on everyone's lips at the code conference this year even though the chinese tech company is not out to be event. alphabet ceo admitting that the viral video platform poses a competitive threat to big tech. snap, medela, google, twitter up today. deanna nathan is at the code conference, we have been talking about this, and the fact that it could be an national security threat as well. if the u.s. goes through with a band, tech would rejoice. >> no doubt about it. if you think about the other key themes here, content moderation, and regulation, that is where it is hard to pigeonhole tiktok but that is what a lot of competitors that are u.s.-base