grasso's been great on it. play momentum. >> grasso's been great on the name. what do you do now?i would be locking in profits now. it's up $55 from where we spoke about it a couple of fridays ago. but ben hit it on the head. the model x with the gull wing doors, near-term, that's going to be a huge sell for these guys. people are going to clamor for this. i would be a buyer of the stock, based on that alone, once this settles in. but i need to see a little support in the stock first. >> fun driving it. >> i'm asking you. >> gull wing doors. >> gull wing. >> gull. >> it's hard. you got to take a step back and let the dust settle. i've been -- >> staying on the sideline. >> yeah. >> all right. >> you don't need to play all of them. >> around the $200 level. people will be looking at that for years. >>> coming up, one big bank accused of using covert tactics to help its clients keep billions in assets from the irs. >>> kate spade and company have hot products that might give you a solid run for your money. more with kate spade ceo later on in the show. here's a word you should keep

this is a great cola company dividend yield. >> grasso. >> yahoo!ating around. >> karen? >> if you've been waiting to get into 3d systems, this isn't it. wait more. >> guy? >> soda stream. it's not going to happen tomorrow. but someone's going to pair up with these guys. >> our thanks to bob peck for hanging with us and monitoring the twitter call. i'm melissa lee. thanks for waping. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors, there is always homework in summer and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to the mad money. welcome to cramerica. my job is not just to entertain you but help you make money. call me. 1800-743-cnbc. nobody, nobody knows who or what to trust. that's what is happening right now. we saw it again today during this roller costar session. dow lost five

grasso, about the security of your mobile device? information is out there. you have to get security monitoring software. you need to know who's got your information. >> you've got that kind of stuff? >> yeah. >> what kind of software? >> it's all stuff you do. it's all advertised on the internet. i'm not going to start giving them -- >> no, i'm actually just curious because i don't have life lock or any of these things. should i? >> things like that. >> do you guys all have these things? >> i don't have these. but when i look at the fine print of something like blackphone, doesn't look that effective. it's not nsa proof. if the government wants to listen in, it can. the only thing it does is look at the fine print of your own apps and turn off all the wi-fi enabling. you can probably do yourself on your own phone if you knew how to do it. >> for $1,500, you could buy a heck of a lot of burner phones, like $30 ones. use them for like a month. it is like "m.i." >> is -- >> when you least suspect. >> there are only $600. >> i caught hi

but -- >> grasso. forgot about my man grasso you. >> just spoke to him. >> i spoke to dick grasso.i'm only person that defended him. he didn't hire criminals. >> he is america's man. mr. dick grasso. >> act. we can end it on that with bo dietl not answering the question why steve cohen hires so many criminals. >> that is bad, charlie. you're bad. ashley: how do you follow that? charlie gasparino, bo dietl. lori: i'm traumatized after that conversation. ashley: where do you begin? lori: great tv, thanks, twice. live look on capitol hill, where newly minted fed chair janet yellen testimony is underway after a second recess. certainly more fireworks than the conversation than you just heard from janet yellen. ashley: i doubt it very much. check out the big board which by the way is looking big today. the dow up nearly 200 points. by the way, first comes love and an app telling you when to get married. i'm serious. why facebook might be the best judge, of course it is, of when you should get hitched. that's next. lori: let's check the markets. we do have a solid rally underway on wall

. >> well, i think green grasso, santelli and liesman, we will agree on one thing for sure. this was considerably shorter than the house testimony. that last one ran into like 4:00 in the afternoon and ended up being a cricket game. this one a lot more as normal as they do it. i didn't hear her give too much in the way of additional guidance, scott, in the key areas that mattered about whether or not the fed was going to somehow reduce its tapering and response to the software data. the significant change in the outlet stood out to me in the first instance. she talked about bitcoin and something for the fed to regulate. kind of encouraged congress to look at whether or not it could be involved in the business of regulating it. finally, they're talking and looking a lot about the weather and whether or not that's been an issue in the data but not coming to any conclusions. one small sort of fed speak detail here. the fed needs to do something about the 6 1/2% unemployment rate. the threshold for when it would raise rates, and how to tell the markets to look for slack in the l

>> i'm never in the steve grasso camp.l leave that between the two of you guys. >> hang on a second. >> talk to me, is it volume, is it positioning -- >> the mindset is back. i think you've got it right, kelly, before when you talked about we're trading the way we traded towards the end of 2013. you know, it's getting a little bit different in the sense that gold and some of the other indicators are a little bit at different levels than they were. one of the things you have to notice is the volatility is down. you know, it spiked a little bit, but again it's still very low which is telling you this thing is cruising along on a pretty steady keel. the other thing that's interested is we're going into a three-day weekend. so if there were people that were looking to take some risk off the table, this would have been the time to do it, in front of three days and nobody was. they were buying them into the bell solid all day. >> you had europe with better numbers. if our numbers are on the uptake, which i think we're in that go

. >> dick grasso is a republican he is center-right he is moderate and he loves hillary clinton thisone that wall street likes that during the clinton years, deregulation helped. liz: glass-steagall. >> we will not go there. schaede will answer for that although was her husband. but that is where briard. cannot tell you she will not run but people tell me she will run. she is taking but i saw rudy do the dance when he was going to run against hillary clinton. liz: it is exhausting. >> also he just darted making money enjoying his life and a sick as well. it did not seem appealing. he ran for a few months but it never seemed to like his heart was in it. in the private sector you start making money it feels pretty good. liz: remember her campaign against obama? per staff did not pay the bills. pay for the doughnuts. >> i don't eat to doughnuts. liz: i don't either. >> do you eat bagels? >> all the time. >> how do you stay so slim? >> triathlon. we are next to each other in the gym. apple ceo who bets big cave in to carl icahn $40 billion share buyback over two weeks is he handling over

. >> would you ever go solar, grasso? >> i don't like the solar space.esla, they're the exact same charles. if you believe tesla is going higher, that is as well. >> that seems crazy. >> please. it's err birthday. >> do you understand how perfect this do is? >> come on, it's not that perfect. >> hello. >> tell her that stocks are being shot up as you say that. >>> coming up on the next hour on "mad money", can you have your donuts and eat it too? can the company put some extra cheese in your portfolio? cramer is trying a slice with the ceo. don't move, all of that and much more coming up at the top of the hour on "mad." . we come right back. stay tuned. we come right back. stay tuned. wgg >> announcer: final trade is sponsored by interactive brokers. >>> time now for the final trade as i try to carve up the jamie dimon cake. i don't want to ruin his face. final trade time. >> risk reward at 35, very, very good in this stock. north american cost savings in 2015. europe, the up side. you're not buying a stock at 52 week high. >> it's going to be more and

. >> grasso told me last night that he was a little sore from his workout. >> where was he sore?ave it at that. >> save it for the web show when we're unsensored. >> we have the latest out of lipper. investors pulled $20.9 billion out of mutual funds and etfs. it is lagging next week. and depending on what the jobs number is. >> it's lagging. but you look at stocks and look at technical levels. things were oversold. it explains the bounce we had. and i think it explains -- i'm not brian's bear suit holder. but i think you have to be careful about getting a bounce here. i think it's way oversold. >> could your local price at the pump be about to move a lot higher? b.k. is looking at one commodity that might be the tell on rising gas prices. >> this is an obscure commodity of the day. last year, remember what happened was, we hit what's called the blend wall. all of the ethanol went into gasoline. and people had to buy the ethanol corrects. and you saw them spike up. when those spiked up, you saw gasoline spike up almost 20% in three months. the same thing is occurring this january

what's happening here, i was down with steve grasso in florida this past week speaking at a conference and there are 58 exchanges and/or dark pools in the country. the fact that the new york stock exchange and nasdaq do maybe 20% of the volume and that's what people look at, they're completely missing it. volumes are rising even in stocks. in fact, over the last six months or so, it's moved up from whatever, 5 billion a day back to the 6 billion a day in stock volumes. sure, it not as high as it was, scott, back in '08 but that's because they fractionalized the market with the 58 separate market centers. they should just perhaps do a little trimming there. >> let's also keep in mind though there is a very strong negative correlation between volume and volatility. positive correlation. when volume returns, that's when we've had these corrections. so i'm not sitting here saying, bring back the volume, bring back the volume. what i am pointing out is that just because we go up 6%, it doesn't mean all of a sudden there's as much conviction in this market as there was back in december. >> i

. >> i'm just getting my toes done by grasso over here. >> oh, no. >> guy, look at this. >> getting myial. >> one, two, three -- >> great! >> hold on. >> i know. >> nothing about the rules. >> good times. well, that's our default pastime. >> the twitter engagement was fantastic. keep that up, folks, we love going back and forth. and we can do it on-air, too. >> did you like getting a pedicure on the interweb? >> no. but it was nice to be able to do the show without my shoes on. so -- >> bonus. >> do his hands now. >> who is the better charade player? >> me. >> don't en even start. >> b.k. was pretty good. >> i was awful. >> the pete najarian dance, that was classic. >> there was no question what he was doing. even though it wasn't our team's time to answer. >> exactly. b.k.'s panda was terrible, too. >> i was an angry panda. >> i loved that. i didn't know what you were doing. >> angry bear. that's an angry bear. >> played it very well, sort of. >> well, maybe we'll resurrect that. that's what we do during the breaks, maybe we'll show it some time. you tweet it, we trade it. this one's

[applause] >> for our final discussion today i am delighted to bring in senator grasso and white house to the stage. >> good morning. glad to be with you. interesting discussions so far this morning in we have some time to beryl's your topics. we have talked keystone quite a bit. >> how amazing. >> senator you have to former colleagues that make the decision barack obama in and john kerry what kind of pressure do you bring to those senate democrats of those individuals with a final decision and? >> i want to make sure they make a fair and logical decision in that the decision helps our national interest to exercise leadership in the area of carbon pollution. . .

washington, d.c., our very own eamon javers, cnbc contributor stephanie link, nathan bachrach and steve grassoas he's done trading on the floor. we've also got brian kelly joining us for more on the day's trading action. it's great to see all of you. stephanie, first to you here, was this too far too fast for this snap back? that four-day win streak which was pretty strong. what do you make of the day's trading action? >> i was encouraged by the earnings we have gotten over the last day, day and a half. maybe not some household names like spx corp or packaging corp of america. those kind of companies i look to, but more importantly it's the underlying fundamentals and what these companies are saying and if you look at an spx, for example, they saw a revenue growth in the fluid power systems business. okay, so that translates into just the real nitty-gritty industrial companies, and i thought that was interesting. in addition, i thought the china data overnight was good. it kind of got played down. >> imports and exports rebounded. >> well better than expected. we had the bank of england increa

. >> i want to get "fast money" contributor steve grasso into this conversation as well.just off the floor, and, steve, here is my question. i don't love to play the charts, but if you talk about the chatter around here, it's been whether the s&p can test and recapture that 1848 level. it didn't do it again today. how significant is that? >> well, here is the thing, when technicals work, once you keep pounding against a certain resistance or beating down against a support level, the more you do it, the more it weakens it. right now we're in no man's land, right? if we break through, there's no other resistance. so we kind of just float from there. having said that, this is a great time to be taking profits because no one knows where this market is going. nobody on that panel, no one here. >> kelly, i want to bring two other charts, i don't know if we'll get them up there in time, but this is what a lot of guys are fixated on right now. what led us down this year were retailers. they got smoked coming into january. here is something you should be aware of though. the xrt i

steve grasso on the floor. sarah on japan's correction and what it means for that trade.onomy, what that means to your money. that's where we do begin with stocks beginning this new month much like they ended the last one, sharply in the red.

also, just speaking with steve grasso, what it's like at open it's about what janet yellen says at herony tomorrow. a lot of risks haven't gone away. emerging markets a concern. he wants to see new highs in the market to validate the drop we've seen. a bully sentiment in asian markets, nikkei, shanghai xos t composite up 2%. carrying into europe as well. a couple of things to focus on, retail side of things, check out what's happening with dick's sporting goods. this company we don't talk about of, it's bullish here, after they raise guidance on better same-store sales and bebe as well, it could be shopping it self-to private equity buyers. that's a reuters report. interesting story line for an otherwise wait and see-type morning. back over to you. >> thank you for that. let's move to the bond pits and rick santelli joins us from the cme group in chicago. take it away, rick. >> thanks. good morning, david. well, of course, after friday's big report, many traders wanted to see how the markets look on monday. you know, sometimes going into weekends, friday's can get a little iffy. unchan