starting to nibble, cleveland-cliffs. >> grasso? are rising with or without the feds, it will good-bye for the banks and financials. bank of america is up 4% over the last five days. bank of america. >> i'm still sick from tim's comment. i want to buy pepto-bismol. but in this particular case, let's sell xlu. get out of that. rising rates going to be bad for this. >> that was gross. >> disgusting. >> listen, we have a big hockey game tomorrow. i want you all to focus, 12:30 tomorrow afternoon. new york rangers are going to tie this thing up, right? i know you're going to be locked into this. metlife reports, i believe on wednesday. $52 is a breakout. b.k. turned me on to this, so if i'm wrong, it's my fault, if i'm right, it's b.k.'s trade. >> that's a win-win for you. >>> next up on "options action," mcdonald's gets ready to trim some fat. should you bet on the stock? we're going to deal with that next. stay tuned. . big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sur

>> grasso. >> i sold out of a majority of my positions a couple of months ago. i'm waiting for a pullback. i kept apple and i bought another 50% of where i wanted to be in apple. i'm still long. i got longer. thank you to our troops. >> happy birthday, i think she's 15. i know how old she is. remember what memorial day is when you're grilling your dogs on sunday or whatever the hell you do, remember why you are honoring these people. lions gate is breaking out to the upside. >> that does it for us here on "fast money." see you back here at 5:00 on tuesday. "options action" starts right after the break. stay tuned. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. with innovative solutions that connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus on what matters most. ♪ ♪ at chase, we celebrate small businesses every day through programs like mission main street grants. last years' grant recipients a

grasso what are you now talking about?t i have two jobs so i'm allowed to say the other way. >> well maybe true for now. true for the moment. >> i do look "big brother" though. if there is a way i can get on that, i think i can represent cnbc there. >> we'll have to talk about monster bveverage and nuanced communications when those earnings come out. you're not conflishthed therected there, are you, steve? >> he's already had his monster beverage. >> what is are your expectations? >> we want to see a stronger erer number. >> or do you if? >> i think today's action was no-man's land stuff. velocity of those macro moved. i still think range bound -- nobody wants to hear this year sounds like last year. market pattern exactly the same this year. year to date s&p, lacht year almost 2%. same as today. >> i don't want to hear that. >>. this is really boring with be but we be serious? >> way to tease it steve. >> i came up with this idea that the fed is really data dependent which tells you one thing. there isn't going to be a wa

but when you move up a little, you become swiss and it becomes grasso. >> wow. grasso is good.> you and i think ken helped arrange to you come on in studio came. >> how would you make langone -- >> trempgfrench. >> what's the one question we're not asking the fed. >> how quickly are you going to shrink a $4 trillion balance sheet. and how are you going to do it in the context of everyone else in the world lowering rates, applying, if you will, the type of stimulus we applied five years ago, six years ago. and you can see how well that worked. >> do we know that -- and i think liesman might be able to figure this out better than i can. what is the more appropriate number for us? $800 billion or -- >> there is a chart that yellen -- you wouldn't necessarily go back to the 800 figure because the amount of currency circulation would increase over time. it's probably more 1:2, 16789:3. >> it doesn't come out without some pain. >> two thirds shrinkage is unprecedented, but -- >> what does that im34r50i willply will happen -- >> i'm sorry, we have to get breaking news in. i'm being to

>> not me. >> we're talking grasso. >> he is. i think you have opportunities in individual stocks t. stock to me is way overdone. i thought that quarter w 85tial, it's between 77 now. i think you look at a shot on facebook at 77. single stocks that have done well throughout. we talk about blackstone all the time this saturday's article was all the things we have been saying for the last six months. behrends says 40 bucks, i agree. >> i am blue in the face waiting for that sell-off. i sold 80% of my position at this point. i do think we will see a 10% correction. nothing is going to be spared. so i think you will lighten up at these levels. >> correction 10% or more, that's a bold call. >> i don't know if it's bold or not. >> keep trying. >> try and try to eventually get it right. up next, big earnings on deck herbalife out with earnings, how can you profit ahead of tomorrow's open? plus is tesla going the way of the used car salesman? why going downstream should take us a whole lot higher. no slacker. whoa, commodity king dennis

joining us also have ross gerber and sue grasso joining us shortly.ment two. kenny what was moving these markets around >> a little bit of the news out of europe the ecb moving those bond purchases forward. then our housing numbers that caught everybody by surprise up 20%. it took a second look at it. yesterday look the market really didn't do a whole lot. we didn't back off. kind of digesting that move from yesterday. we are at an all time high as the market struggles with all the mixed data trying to figure out what the next move is. >> even in retail. i keep saying e-bay, i mean to say etsy. the real question is how strong is the consumer in the retail space just seems to be wrapped with names that are either breaking out to the upside or more commonly breaking out to the down side. where do you guys see value >> we're seeing consumers shift in the way they do things. etsy is a perfect example of how people do things today when they go shopping. etsy is an incredibly popular place for people to shop and a whole economy that's around this company an

stick around and catch more of steve grasso on "fast money" at 5:00.r auto deal in the works for gm? they'll have the latest on that story. our thanks to jim lowell as well. >>> it's been nearly seven years since lehman brothers collapsed under the weight of the subprime mortgage crisis. former ceo dick fold is getting back in the real estate business. would you give him money? "shark tank's" kevin o'leary is here next. you know he has a lot to say about fold and his adventure. >>> then we'll take the pulse of the mortgage market. john stumpf will be here. he runs the nation's largest mortgage originator. you are watching cnbc, first in business worldwide. it can quickly become the only thing you think about. that's where at&t can help. with innovative solutions that connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus on what matters most. female announcer: through sunday it's posturepedic vs. beautyrest with up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years inte

traders are tim seymour, steve grasso josh brown and guy adammy. tonight on fast oil's massive spike, crude soaring back above 60 bucks a barrel ghu is this the real rally on deck? next week with the kickoff to opec, a top energy analyst weighs in. plus billionaire investor paul singer says now is the time to get against treasuries. will he get burned like so many before on his next big short? first to the story rocking the street bristol-myers tanking, more than 7% on data released from asco that could send drug company stocks plummeting. don chu has more on this developing story at headquarters. don? >> we're getting back some of the big losses in the afterhours. right now it's up 34 cents, about a half percent. it's gotten back on 176,000 shares of volume but bristol-myers squibb tumbling today on disappointment over what appeared to be strong results from a study of one of its cancer treatments called opdivo. this drug did improve survival rates for patients with the most common form of lung cancer but it didn't work as well when tumors had a l

. >> grasso. >> best buy, this is a name everyone bet against. they kitchen sinked it.tock came in around 33, $34. now if you look at it, it's right back there at 33. >> i'm tomorrow at 5:00 for more "fast." "mad money" with jim cramer starts now. >>> 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 a little money. my job is not just to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. okay, guys, there is a war on -- a war -- for the insides of your cell phone. a war for the connections to your home or your car or even

. >> grasso? >> using two ds. dupont. proxy fight next week.g on stock. >> single d. >> it does rhyme. xop, your sell it. oil is going lower. >> you got me thinking b.k. whole foods market. made that november gap, close the gap. wfm against the $41 low that b.c. cited. >> i'm melissa lee. thanks for watching. don't go anywhere. "mad money" with jim cramer >>> 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 save you money. my job isn't just to entertain but to teach and coach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. i say be careful what you wish for. it might actually happen. and maybe you won't be ready for it. that's h

council member david grasso praised the chief's response. >> they she recognized there needs to be ae defined clear recognition of what it means. that's what this bill would do. >> reporter: even dell roy burton says assault on an officer is too broadly wraint and police unfairly bare the criticism. >> for example, in maryland i could charge you with resisting argue. in d.c. i have to charge you with assault on a police officer. people look for assault in the charging documents. if there's no assault they tend to believe that the police officers are making things up and that's not the case. >> reporter: council hearings on the proposed changes could be held soon. in the district, tom sherwood news4. >>> in montgomery county, news4 has learned that larry bowers will be asked to stay on interim school superintendent. the formal request will be made tomorrow afternoon at a school board meeting in rockville. the board's top pick for the job withdrew his name over the weekend. bowers has been serving as the interim director since dr. joshua star left the job in february. star just accepte

the energy space where steve grasso is here as well.y levels, he joins us on the floor. >> if you look at the overall equity market, we're still battling here, 2125 is the level you want to look at. if you look at crude in particular scott, we led with energy. most guys that trade the space feel that the energy names are overvalued because they're pricing at $85 a barrel on oil. don't think it's getting there. they think it's topping out. you saw the airlines yesterday rally aggressively. >> i am, guys, hearing more talk that they think that the 62 or whatever, was the top. for now. >> well i think in the short-term you're probably going to see it top out. but it shouldn't be at 40. and it probably shouldn't be at 60. in some point it should be between 60-70 range. >> boon pickens said 75 by the end of the year. >> boon talks his own book he wants to go to go back up. >> when you look at supply and demand, and the supply coming on, it does not support oil being over $80. >> what about the stocks themselves, are they sells? >> not most o

. >> grasso. >> best buy, this is a name everyone bet against. they kitchen sinked it. the stock came in around 33 $34. now if you look at it it's right back there at 33. >> i'm tomorrow at 5:00 for more "fast." "mad money" with jim cramer starts now. >>> 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 a little money. my job is not just to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. okay, guys, there is a war on -- a war -- for the insides of your cell phone. a war for the connections to your home or your car or even your watch. and we're witnessing an unprecedented merger frenzy roaring the entire market. but as powerful as the deals might be on any given day, that can't save the market from other forces that overwhelm individual stocks. hence, why

john najarian, brian kelly, karen finer man, and steve grasso on the panel tonight. all the after-hours action you can handle across all sectors. we'll tell you how to profit from all the news ahead of tomorrow's open. plus call it the tech trifecta. facebook, apple, google all rallying 2% or more on this day. we'll tell you the name that could soon follow them higher and what it means for the tech rally. and you're looking at a live shot of camp david where president obama will be holding a news conference immediately following a summit with six gulf state leaders. we've got team coverage as that event happens. actually, the president is walking out right now. we are expecting him to make some statements along with the qatari leader. so we will wait for him to -- i believe approach a podium there. >> i think i saw one over to the left. >> and let's go straight to camp david right now. >> and while we are awaiting the president to make a statement along with some of the arab leaders, let's get to jon harwood in washington. what should we be expecting here? >> we shou

steve grasso as more coming up with the "fast money" crew at 5:00.is is the perfect buying opportunity. you can find out why. >>> uber could be heading to a uber valuation. the ride share app is about to do another funding that could send it to around $50 billion. we'll hear have a venture capitalists who says not to worry about private company investments. there's plenty more investments to be made. >>> and it's an investment you may not have heard of. hurocrasy. 450es he's offering a three-month severance for those who want to walk away. you're watching cnbc. first in business worldwide. what's on your mind lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move wherever you are. and start working on your next big idea. ♪ ♪ >>> uber reportedly planning to do another round of fund-raising which could send it even higher. kate rogers has the details. >> that's right, they've reportedly briefed investors on its plan to raise $1.5 billion to $2 billion in new fu

our traders tonight are tim seymour, steve grasso, guy adami.entury and we are going live to the heart of the action in vegas, the official weigh-in, about to happen in a matter of moments. the president and coo of mgm resorts joins us live from inside the venue. >>> plus tesla energy launching with i charge but will the real electricity come from earnings next week or is the stock about to burn out? >>> first, we start out with the majority market, because it was a case of the good, the bad and the ug

traders are tim seymour, steve grasso josh brown and guy adammy.il's massive spike, crude soaring back above 60 bucks a barrel ghu is this the real rally on deck? next week with the kickoff to opec, a top energy analyst weighs in. plus billionaire investor paul singer says now is the time to get against treasuries. will he get burned like so many before on his next big short? first to the story rocking the street bristol-myers tanking, more than 7% on data released from as

john najarian brian kelly karen finer man and steve grasso on the panel tonight.l tell you how to profit from all the news ahead of tomorrow's open. plus call it the tech trifecta. facebook, apple, google all rallying 2% or more on this day. we'll tell you the name that could soon follow them higher and what it means for the tech rally. and you're looking at a live shot of camp david where president obama will be holding a news conference immediately following a summit with six gulf state leaders. we've got team coverage as that event happens.