steven grasso? >> this is replacing meeceus.up, as outperformed the rest of the space. this has been a levered play in the cruise line. i would think that you fade this pop. >> drop for priceline. down 1%. >> people are worried they're going to try to buy up some of the competition. fdr cut them today. i'm not in the name and i wouldn't be. >> pop for bp, up 2%. >> it was up even more in london on chatter that royal dutch may buy them. just based on how oil stocks are trading. i think -- i don't know what to do with this, with the rumor. i would take any profit is had on a short-term. >> it could be massive rumor. >> it would be a massive rumor, a massive deal. and it's very specific too. >> right. drop for legg mason. >> people argued this is the reason why the stock is where it is. it doesn't surprise me the stock has pulled back. >> our chart of the day. china is getting a boost on hopes of more stimulus from the company's central bank. so take a look at this chart. shanghai composite of 3% today, up more than 34% this year.

let's go around the horn starting with you grasso, who would you fire?> the obvious one for me, i've been suffering, a suffering shareholder of twitter. >> it cost a lot. >> yes, i think dick has the best intentions. he's a good guy, nothing personal, but investors need to see real change. and even if they want apparent change, the idea of change or the perception of change, perception's reality, i think you have to see a change of leadership, and you watch the stock probably it would jump 20% to 25%. >> really? b.k.? >> for me it's mcdonald's and don thompson. when you look at what's going on in that space, mcdonald's just getting their butt kicked, frankly. they've come out with a couple of new products that haven't worked. but in that particular space, there are all kinds of new start-ups that have really taken market share from them. and so, i think, you know, mcdonald's is the one for me. >> it has been pretty brutal since came in 2012. >> for me, it may not be him. but in the last six months, this company has stumbled dramatically twice and it make

. >> grasso? >> i think there has to be a lot of things that stay the same for this market to keep going higher. so we've seen every other sector, every other space. we've seen emerging markets fall off. no one wants to invest in them now. they're not investable yet. no one wants to invest in, to tim's point, commodities right now. the only bet in town has been equities so if things stay exactly the same, yes, equities are the place to be. i don't think they'll stay exactly the same. little incremental moves off the bottom in these different spaces, rates moving slightly higher takes the tail wind out of equities. >> i think it's difficult to say the market overall is overvalued but in terms of sectors, overvalued and undervalued. what do you think? >> what's overvalued? i mean, maybe the transports have gotten over their skis a little bit. i think a lot of people pounding the airlines for good reasons so maybe that. but the genius of david tepper is he makes what is a difficult game and looks at

tim seehorn, steve grasso, closing in on dow 18,000 after a strong jobs report this morning. u.s. financials leading the way. the market that is exploding here is china. shanghai composite, best week in five years. and starting to feel maybe a little bit bubbly according to some. the index is up 21% in just one month. so what is the trade at this point? tim? >> bubbly is something you have to take in context. i agree. the market has been doing crazy things. they added 380,000 brokerage accounts in china last week. this whole thing about local money, it is a captive market, you had the market connect with the foreign money into -- you also had a property market languishing. you have a lot of rumors, a rate cut and threats of more rate cut, good stuff coming. so this is all played into, this massive rally. you get a market that was underperforming for so long, a backdrop where, again, for me, china is always about liquidity and this is a market that has been getting it from all sides. >> have you seen a lot of activity in the fx side or other multinational china levered plays. >> we

traders are tim see more, tim grasso, karen finer man and brian kelly.ow closing up more than 400 points today for the first time in more than three years. the technology sector leading the gains over the past two days. the s&p and dow have erased almost all of their losses for the month of december. equities brushing off a nearly 3% decline in oil. oi

steve grasso, dan nathan, karen finerman, and guy adami. and yes, you're listening to the song "patience" right now. it is that word that led the dow and the s&p to the best days of the year today. the federal reserve saying it will be patient when it comes to raising rates. and oil showing signs of life again today, though it's down 40% over the last three months. our own steve liesman asked fed chief janet yellen for her take on the oil drop. >> the decline in oil prices is likely to be on net a positive. it's something that is certainly good for families, for households. it's putting more money in their pockets, having to spend less on gas and energy. and so in that sense, it's like a tax cut that boosts their spending power. >> and yet while oil was declining, guy, the marks were declining. oil is up today and the markets are up today. why are we up 2% on the session? >> because of the comments out of the fed chair, and because the ruble stabilized was up, 9.5, 10%. i think the stabilization there clearly helped. and then her comments c

catch steve grasso on "fast money" at 5:00. be talking to the ceo of spirit airlines about what -- >> slow and steady money hour. >> the forecast for your flight. that's all coming up. >>> up next, much more of our special dow 18,000 coverage here. our cnbc all-star panel weighing in next on where the market is heading from here. you're watching the slow, closing bell on cnbc first in business worldwide. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. >>> back. julia? >> thanks, kelly. walt disney company and directv signing a multi-year agreement to cover the distribution of disney's channels from the disney channel to espn

your traders are tim seemo, steve grasso, karen finer man and brian kelly. oil falling more than 4% after opec cut the demand forecasts for next year to the lowest level in more than ten year. energy a big component of the high-yield market. high yield also taking a hit today. many investors are concerned it could lead to a rise in defaults. $60 seems tore the magic level that most are pointing to. >> i think that's about right. we know that we saw over the last month fewer permits for drilling wells in the shale area, so i think at some point you're coming close to the bottom in oil. i think it was important today, and i know tim is going to talk about it in a bit. yesterday we the eia cut demand. today opec did. as soon as you saw that come out, you saw the markets dive. so all of a sudden the market has woken up to, hey, maybe this isn't a tax cut. this could mean that the global economy is slowing. >> to that point, when you look at the airline index, it is not getting to new highs off the back of much lower push in oil. >> the entire transport space has

on you traders tonight are dan nathan, steve grasso, karen finerman and guy adami. we almost had a big rally today, but oil prices weakening again breaking below the $60 a barrel oil for the first time in five years. >> there's a lot of positives to the economy. . the most important thing is having the reverse, and kind of reset the clock, so you can take something that's a blessing, lower the price of oil, which one you think of like a tack cut. >> well, if it's a tax cut, why are they rallies even more. >> weakness in the economy, weakness here, global weakness. just think about the way sentiment works. when houses were getting cheaper and cheaper in 2008, '09 and '10. people were spooked. they would much rather seen stabilize, or maybe they get a sense of confidence in the market. to me, this oil -- we talked about it during the half-day call, this oil rally was really kind of pathetic from the get-go. i would rather see it open gap down. take a look at the chart intraday, and it tells the whole story. >> it was actually more feeble rally in the equity market, i

same issues, stronger dollar. >> grasso. >> dish network.y had a headline that they're adding the app. they're adding the hopper. i don't know what they're going to do. they seem like the innovators in the space. >> karen. >> if foot locker trades down on the nike news, buy it below 57. >> you know what traded light, gold. buy gdx. >> i'm melissa lee. thanks f >>> 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. well, i'm trying to have more days like today. my job is not just to entertain but teach and put it in context. call me. or tweet me. @jimcramer. when you get a massive move like this

. >> grasso's lock of the week.ou. >> hang on one second. >> yeah. >> but these are growth stocks. this is based on interest rates as well. these are a bunch of names that are getting drawn in here. it's not a one off with twitter. look at that whole gamut of names. >> thanks for coming up. >> steve grasso. to say our next guest is bullish, on gopro and apple would be an understatement. why? because gnp only has the biggest price targets on the street for both. and he joins us live. alex, welcome back. >> thanks so much, scott. >> gopro first. do you have a recent note, dated december 8th reiterating your outperform. $105 price target. what gets you away from being the most bullish guy around on go pro. >> what do you mean get away from it? i think you want to run hard towards go pro right now. i think we are looking at a holiday season sales absolutely on fire followed by a push into the international markets as well as an unveiling of cloud strategy in 2015. as we progress going forward this is a new media story a

on you traders tonight are dan nathan, steve grasso, karen finerman and guy adami.ad a big rally today, but oil prices weakening again breaking below the $60 a barrel oil for the first time in five years. >> there's a lot of positives to the economy. . the most important thing is

steve grasso, dan nathan, and guy adami. an excuse to sell. while most are focusing on the route in oil and retail stocks today, there's major selling going on across a variety of sectors. twitter, gopro, tesla taking a hit today. any buying opportunities in some of these hard hit names? price action in today's session, very interesting. >> twitter was 6.5%. given the move, the downside already. yeah, you name a couple of names. i'll name one i think is an opportunity, and that's facebook. a big rally late last week. gave up the ghost a little bit today. but i think it gave up the ghost on the back of everything. i don't think it was the lead. it was -- it got caught. let's put it that way. i think facebook the next quarter's going to be fantastic. i think some people are trying to -- trying to dig themselves out from the last quarter. now they're going to spend money over the next couple of years. i think facebook is the one known right here. >> it was interesting to see what was sold off today, karen. take a look at semiconductors, banks. ba

let's bring in cnbc market analyst steven grasso and guy adami, staying on, as well.lled the move in equities today and said watch the 50-day, the 100-day. does that have anything to do with the price of oil or just -- >> this started to set up a couple of weeks ago an guy hit on it earlier. if it really is a demand issue, then it's going to pull in equities. i heard you debating it. about the dollar, oil. it's not positive if you're looking at global growth being crimped. so if we're questioning where china is right now and japan, questioning germany and france will right now, then you have to question where the u.s. is and how that fits in. >> are you calling into question the strength of the global demand picture in this oil move? what do you think is going on? >> well, absolutely. we have to remember that commodity prices do not drive economies. economies drive commodity prices so what have we learned since this summer? japan not only in recession for the fourth time in seven years but a much greater recession than we thought. properties slumping. china bringing d

. >> reporter: tessa grasso just celebrated her 12th birthday. that almost didn't happen. >> when you have held your ch a dying because she has eaten a food as benign as a noodle, you really want other people to understand really how truly severe it is. >> reporter: tessa's mom kimberly tracked down a stanford doctor she credits with saving her daughter's life. he began the landmark study giving kids tiny amounts of the foods they're allergic to and slowly working up to bigger ones. >> she is severely allergic to wheat and held it in her hand for five minutes. >> look at tessa today, eating gingerbread and eating as much as she wants. it's that outcome that caught the eye of billionaire shawn packer. $24 million from the man who cofounded napster, then got rich as facebook's first president. the money puts dr. nidal as the head of the shawn. many parker center for allergy research. the doctor says even a silicon valley super hero has his kryptonite. in this case, it's peanuts. >> he has reportedly been in to the emergency room up to 14 times. >>

. >> steve grasso with more just off the floor.8k in what's it take next week? >> going to year end. people really -- i don't think they make any big bets here or there. obviously, you have the dollar at a five-year high. you have oil at a five-year low. energy doesn't look like a beta chase into year end. you had as bob said financials a proxy to the market. financials running. what i see as suspect, though, kelly, is that you still have utilities. i'm long southern. you have utilities performing really well. that doesn't scream to me risk-on trade. right? 4.5% yield. >> does it scream, steve, goldilocks and not at that point of a rising rate environment and so the question then becomes is the market underpricing the extent of moving here? do you think they are? >> or is all this nonsense of the fed really not moving before june of next year? >> right. >> and i think that's more the case that we're probably all getting excited about this rate rise but the market doesn't reflect the changing price. >> interest rate sensitive stocks

ann wagner of missouri, to designate the facility of the united states post office located at 55 grasso plaza in st. louis, missouri, as the sergeant amanda n. pinson post office. sernlt pinson died on march 15, 2006, while serving in operate iraqi freedom. she, along with a fellow soldiering were killed when a mortar round detonated. she was only 21 years old. sergeant pinson enlisted in the army after graduating from high school and was known as a model soldier, a, quote, breath of fresh air, and wanted to attend college after military to become a c.i.a. or f.b.i. agent. mr. speaker, this courageous young woman served her country with honor and gave her life in defense of our country. it is my honor and privilege to stand before this body and pay tribute to sernlt pinson's memory and -- to sergeant pinson's memory and sacrifice. i ask my colleagues to vote in favor of h.r. 5385 and i reserve the balance of my time. . the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from vermont is recognized. mr. welch: thank you, mr. speaker. we support this. and

steve grasso, dan nathan, and guy adami. an excuse to sell.route in oil and retail stocks today, there's major selling going on across a variety of sectors. twitter, gopro, tesla taking a hit today. any buying opportunities in some of these hard hit names? price action in today's session, very interesting. >> twitter was 6.5%. given the move, the downside already. yeah, you name a couple of names. i'll name one i think is an opportunity, and that's facebook. a big rally late last week. gave up the ghost a little bit

your traders are tim seemo, steve grasso, karen finer man and brian kelly.% after opec cut the demand forecasts for next year to the lowest level in more than ten year. energy a big component of the high-yield market. high yield also taking a hit today. many investors are concerned it could lead to a rise in defaults. $60 se

steve grasso, dan nathan, karen finerman, and guy adami. listening to the song "patience" right now. it is that word that led the dow and the s&p to the best days of the year today. the federal reserve saying it will be patient when it comes to raising rates. and oil showing signs of life again today, though it's down 40% over the last three months. our own steve liesman asked fed chief janet yellen for her take on the oil drop.

our traders, steve grasso, brian kelly, karen finerman, and guy adami. >>> major swings in the marketi, china's stock market suffering the biggest loss. greece falling 13%, and then the u.s., it was on track for an ugly day before