goes higher. >> and grasso. >> best buy. holiday season good. tvs for the first time in an up cycle. hi hitting on a lot of different cylinders. >> bk? >> one up a lot today. still think it's going to be up a lot primarily because one of the largest sen travel bancentr. dxj. >> and -- do you have a costume? like what? >> going to be a surprise. >> don't lie to america again. i know you don't have a costume. >> piece sougete saw the report. >> citi might get you down. >> all right. that does it for us here on "fast money." catch us back here monday at 5:00 for more "fast." stick around, "options action" starts right after the break. have a good halloween week. new york state is jump-starting business with startup-ny. an unprecedented program that partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping

i wouldn't touch this stock with grasso's money. >> nor would i with grasso's money because he wouldt you if you tried to do anything with his money. but as far as this one, netflix is a consolidator of all this different nonexclusive properties that they have. "friends" is going to be an example of an exclusivity they have. there's no reason you can't have nbc, cbs, abc as well as time warner out there pushing content for $6 a month but then add them all up and it's a heck of a lot more than netflix. the one stop shop is still netflix. but as i said earlier, i think the stock has a little more to go before -- >> to the downside. >> jon najarian gets interested. >> you want it lower before you'll buy? >> i think more around the $300 handle rather than up here at $350. >> coming up, apple unveiling several new ipads and launching the -- announcing the launch for its much hyped apple pay. that's next. >>> later, everyone is watching the volatility in the u.s. markets. b.k. has his eye on one country that could have big problems of its own. stay tuned. >>> from record-breaking highs to

steve grasso, what did you say? >> i don't know. ask pete. if you look at the 200 day moving average, it's 1906 currently right now. the last time we broke the 200 day, it was for a week. seven days. that a brings us out to next wednesday that we need to bounce over it. creature of habit, but i think we can say below it for a couple more days. if we stay below it longer than wednesday, i think it's a trend change. >> and we got news moodity's has downgraded russia. >> and normally downgrade of a solve rip countvereign country,. but given the currency has been under pressure, this could have a big impact. so to me, i don't think you can trust this yet for several reasons. one, look at the iwm. that rolled over today. high yield bonds rolled over again today. we had a fantastic day today. but the largest point gains in the dow, over time, have come during bear markets. so we had a phenomenal day. best day of the year in the dow. i just would not trust it yet. we also have japan has issues coming up. we have europe that is still a problem. so fo

steve grasso, final trade. >> i am long apple. i would be buying apple. they have an event on thursday, am i'm nervous that it's going to be similar to the tesla event. be care tfl day before. maybe you want to lighten up the day before the event. >> dan? >> i think the destruction in the semiconductor index, it's going to flow through to other areas of the pc and the smartphone chain. i'm long put to microsoft. take profit there's. >> karen? >> i always look for quality to buy in a market like this. google. >> guy? >> new graphics. the music is ominous. >> it fits for today. >> but does that mean i'm happy -- >> we'll have to see. >> neil young on jim's show coming up? >> a pretty big guest. >> i'm hanging out for that. facebook reports october 28th. it traded well today. i like fb, facebook. >> all right. i'm melissa lee. thanks for watching. don't go anywhere. "mad money" with jim cramer "mad money" with jim cramer starts right now.ç+csó . >>> my mission is simplejfjfÑi e you money. field for all÷ there csÑ always homework in summer and i promise to he

with us with more, kenny pulcari and steve grasso in a moment.-- what did we call what happened in snokt. >> a bad dream? i guess it's kind of over. honestly, seemed like that mid-october low was a pretty good low. it really did seem like we have a little bit of a flush. but i did not anticipate anything, i think people did not anticipate the velocity of this chase that got us back to a new high. i do think it showed you just how much of a purge we got and the fast money said i cannot let the market leave me behind. >> robert frank, waiting for the 9%, 10% to put money to work, if you didn't get in on the lows of the 15th, like mike's saying, you pretty much missed the shot. >> there was an interesting study the fed looked at the difference out wealthy and nonwealthy. the wealthy stayed in the stock market throughout the crash and the increase and the nonwealthy didn't. that's increased -- >> into october already? >> 2009 and back and the lesson is stay in this market. even when things are tough. and, you know, that's increase in inequality and t

grasso? take it glass half full and say we sold off in the morning. had a decline in the morning following the yoorn declines but then bounced back into the jobs report. >> i don't really see real aggressive buying. the volumes are pretty light. this dip that we see when we broke the 50 and you wind up breaking the 100-day moving average, we're still heading for the 200-day moving average. a lack of real substance in the market today. >> first all, while all the european guys are saying what they're saying, bernanke was saying the u.s. economy is definitely strengthening. so say what you want. if you look at the nan farm payroll, also look at what happened today in jobless claims and continuing clams. we're back at 2006 levels. so what about the market? talking about what steve said, when the s&p broke 1940 today it looked very scary. that was the 62.5% retracement. it's a place where technically if it broke that and didn't climb back above today we'd be telling a different tale tonight. >> it was fueled by the parts of the market that had been laggin

grasso? >> a stock 50% short interest. so it is susceptible for a short covering spike.ver buy on the dip has been a wrong buy. you to believe that the world is getting better here. soly still not be there. >> i actually own cliffs. and to me, the reason why people want to sell brazil is the reason cliffs is struggling here. iron ore supply is going to overwhelm this market. and i think they're going to overshoot to the downside. but i think cliffs is one of the best balance sheets and i stand the name. >> manitowoc just came out missing the bottom line. >> they have some explaining to do. very early october, they were at -- i'm not sure if it's credit suisse or where, but they talk a good story. and then ten days later, guided down, which is very similar i think. i haven't been able to go through every line of what they're announcing today. but part of their whole reason for being a crane company and a food service company is one of the businesses can when one is doing well, the other is doing poorly and you can balance them out. now neither of them are doing that well.

. >> chief lanier did agree with the council member david grasso that all the data regarding stopping and frisking should be public. >>> jesse matthew, the suspect in hannah graham's death, will appear in a fairfax county court this friday morning via video link from the albemarle jail where he is held. matthew will hear the three charges against him in fairfax, attempted murder, abduct and sexual assault with object penetration. the attack happened in september of 2005. the victim fought back and survived. trying the fairfax case first will increase the chance of securing the death penalty in charlottesville against math new math new accord -- mathew according to legal experts. >>> white house fence jumper dominic adesanya became quickly agitated in court today. no he yelled at the judge. stop! i don't have a condition. the judge said sir, please listen to me. i'll start over. the judge then reiterated that adesanya would be in the custody of the attorney general for a 45 day period of evaluation and treatment. adesanya's disruptive behavior escalated. a u.s. marshal scooped him up a

. >> i thought you were talking to grasso for a second. let's talk about tesla. the "d" standing for dual motor, not driveless as originally anticipated. >> or drones. >> yeah. i was disappointed there were no drones. >> so was the market. the system seemed like it was -- we knew it was going to be a sell sort of day. >> it was definitely overhyped. it had that feel to it. he's the king of perception is reality. so he sets the tone for the other car makers. so i think he's raised the bar a little bit here. that's self-drive. he calls it autopilot. it's still pretty impressive if you watch the video. it's not as if he fell short. the headlines that came out out of that event last night really led you to believe it was a non-event. i think if you see him, it keeps you in the lane, pulls you back in. i think this is just the tip of the iceberg. i think tesla is probably a buy once it levels off here. >> the notion of going from standing still zero to 60 in a matter of seconds. did you see that interview that jane wells said he nearly wet himself? he was so excited.

stick around for steve grasso coming up at 5:00.re going to hone in on the chip makers whacked on the warning talking to one top analyst of which you should buy on this dip. so don't miss that. it's been another wild market day here on wall street. how you can protect your portfolio and sanity from the volatility is next. >>> later, forget the fed. hearing from somebody saying interest rates will be extremely low despite any talk of a possible rate hike by the fed. he'll explain why how's that possible later. an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov >>> welcome back. truly a week to forget for the bulls after another volatile session today that too

council member grasso said the original law was too restrictive. >>> an inmate sneaks a loaded gun intohe d.c. superior courthouse. wendy rieger at the live desk working this story. wendy? >> reporter: police arrested the man this morning for using an unauthorized vehicle. and when they searched him at the courthouse, they found a loaded gun. in his underwear. d.c. police tell us the suspect was in the custody of three different agencies today, and each one conducted a search. it's not known right now whether or where he got that gun, and this case is, of course, under investigation. >>> news4's jackie bensen is working on the story. she'll have a live report in a few minutes and i'll see you at 5:00. back to you. >>> a new program under way now on a local college campus that's aimed at helping the victims of sex assaults. news4's kristin wright has more now on how some college students are trying to restore their lives. >> reporter: sexual assault is the number one violate crime on college campuses. in fact, one in five college women are victims. >> would you like to support the end to

steve grasso, jon najarian, karen finerman and brian kelly.onference call for goiogle is under way. an ugly day for netflix. remember when rich greenfield cam on the show after upgrading the stock. >> netflix is competing every night for your time and attention. do you turn on the dial and turn on the traditional television or do you click on

i remember so many of those battles you and grasso at over steel during the day. >> still got the scars. look. steel brought in a new ceo and he's done a great job of rationalizing facilities. canada and u.s. facilities. so they have cut back in costs. at the end of the day it is a commodity and foreign countries just produce. they are full em ploit. i think they can move a little u.s. steel in particular but after that a global growth and that is going to the other way. >> look at the last six weeks. they made a run up to 46. and when we had a selloff high beta name got smacked down to 30. now from 30 it's rallied back up to where it's trading this afternoon, 41, 42. so if you are in u.s. steel, take some off the table on this pop. 8 plus% pop. can it take out the 46 high? i guess it can. but you have to be aware of what type of stock you are invested in here. moves a lot. so on this type of move sell some. >> i think the story with these names is pretty simple. they sign language and expectations where no one thought anything good could happen. this is only a 5 billion dollar market c

. >> the market has done everything right, and bounced off of the steve grasso level, and the 1970 level traded up there and failed monday and yesterday traded up there exactly, and obviously failed today. i think that the 1904 level is in play, and great job by tim on friday to use the strength in the russell to sell into it. i think that the level of three is in the wtifm, and i think that 103 in the wio -- >> and this is what you flagged also? >> yes. that is what we are trading to. >> and bounce off is what you said. >> yes, and i think that we will through the first round and we have not tested through november of 2012 and so a lot of time to dance near it, and it is momentous, and you have options expert next week and a lot of people are painting the analogs the much, much scarier times and it is interesting how the market reminded us of the time and it is almost pinned to the close, and if you had to look at the intraday, we had to break through the 1926 level of yesterday, which we did not, and so i don't know that tomorrow has to be awful, but that is where i believe we are head

our traders are tim seymour, dan nathan and steve graz grasso. first, bad news out of citigroup. shares falling after hours. the company announcing it is cutting its third quarter results citing rapidly evolving regulatory inquiries. we've got the latest. starbucks, linkedin, groupon, expedia, starbucks getting hit particularly hard. after missing on revenue. we'll bring you the latest on that call coming up is and go pro getting a pop on earnings. whether this is a bounce worth buying. let's start with news out of citigroup. kayla tausche has the details. >> yeah, just after hours, we got a press release in the form of an 8k from citigroup where the bank said it would be reducing the first quarter profit from $3.4 billion. and that's because of what it calls rapidly evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies. now, the bank says this is related to previously disclosed matters. and it says there will be elaboration on those matters when a 10q is filed after hours. i got an alert on my phone right as i was

. >> our second lady is abbie grasso. she is 36 from rockland county, new york.. >> because i wear my hair up in a ponytail all the time. it would be nice to see what magic can do. i'm excited to see what the end result is going to be. >> we're going to work our magic. you're not going to recognize her. >> don't tell anybody, but her sister mary just came in and her friend marie. take one last look at abbie before and bring out the new abbie grasso. >> wow. >> all right. ladies, take a look. >> oh, my god! >> that's your sister. >> i know. >> oh, my god. >> that is my sister. >> apparently they don't get along. >> you want to see what you look like? abbie, turn around, please. >> oh, my god. >> you look fantastic. >> are you kidding me? >> no. are you kidding us? >> is this really me? >> that's you. >> unbelievable. this is me, really? >> look right here at 12, honey. >> oh, my goodness. >> you look wonderful. >> she colored her hair herself at home, she had black ends. we had to lighten the ends, give her this warm color. we just -- she wanted a softer, more gla

you deceases down and won the last apartheid and a large share see grasso was out the purse to it is that in to the purse. >> reporter: orange october is in full swing as the giants are going against the washington national is a couple hours and noon today it is a five game series. >> reporter: most days a kind of sucks to do what we do. yet again at 3:00 in the morning on days like today just a little over two hours the giants will be taken on the washington nationals. a lot of other people will have to go and sit or listen to on the radio. today is a day for the first game of the five game series. it has been a heck of a ride for the san francisco giants. >> reporter: they have to go against the was a nasa that the best records in the national league. they do have the when three of the next five games but they are guaranteed at least one game here at at&t. >> reporter: i did have a chance of to the san francisco giants they had sold out as far as it is. there are still tickets on sale they go from anywhere from $90 all the way of the 2 to $500 on is the the war's fever is started t

our traders are tim seymour, dan nathan and steve graz grasso. first, bad news out of citigroup.after hours. the company announcing it is cutting its third quarter results citing rapidly evolving regulatory inquiries. we've got the latest. starbucks, linkedin, groupon, expedia, starbucks getting hit particularly hard. after missing on revenue. we'll bring you the latest on that call coming up is and go pro getting a pop on earnings. whether this is a bounce worth buying. let's start with news out of citigroup. kayla tausche has the details. >> yeah, just aer

instead they fired grasso. and when frank was deposed, he was asked how good was he. best, great ceo. and then put his wife down and said mr. paulsen, i'm going to read you back the questions i asked you and your answers. he said tell me something, you believe in those answers? yes, i agree with them. then why'd you fire him? to punish him? for money he didn't ask for? he said thank god i'm blessed. same thing. look. as i say i'm emotional. i love hank greenburg. 19-year-old kid runs on the beach june 6, 1944. comes back home, starts at the bottom as a clerk. goes to law school building one of the great corporations in america. you're damn right i think this case deserves -- what's good about it? >> i'm not going to disagree with the spitzer problem. but not that the taxpayer needs to bail out the shareholder in this case. >> you've got -- >> they agreed to the terms. >> if you have a gun at my head and you're saying to me, tell me what you think of spitzer. and i know if i say he's a bad guy you're going to pull the trigger, but if i say he's the most wonderful man o