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let's start off with print and t-mobile what do you think, grasso? >> thing is going to be a eal.gree with you, the price action says there is not going to be a deal today i think that t-mobile and sprint need each other to be able to compete on scale so i hear everyone that says it's anti-competitive when you go four to three but i think three and four need to merge to stay competitive with one and two to keep prices down >> steve, how much of this relies on this new definition of could this be a broad band deal? and do you think that's really what's going to make this deal get through? because a lot of people call this wireless transaction. >> if they can say that this is about national security and it's about 5g with the chinese government and more jobs long enough to confuse the regulators and they can get something done. this is their how many times bite at the apple. we start in 2014, '16, and now we're seeing it again. >> let's go on to at&t-time warner deal or no deal? >> i think there is going to be a deal here. i think time warner -- time warner and at&t did a much bette

i'm buying it. >> grasso. >> i would say buy it. this shouldn't be a rates issue but it is inversely correlated watch the 50 day -- 200 day, 8469. >> tim >> i'm buying it. >> and i'm going there after work. >> the question is, are you at home buying karen's pitch for lowe's are you buying cull? >>> plus, it is weed week on "fast money. vivi vivien azer is about to deliver a blow to the beer industry. she'll be here to explain. let's get started. show of hands. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. 1, 2, 3, go. e*trade. the original place to invest online. no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? an

. >> getting to the closing bell exchange today, steve grasso, and rick santelli from the cme in chicago rick, starting with you because just a couple weeks ago, we were discussing how we felt yields peaked for the year already. you've been off for a week they surged. what happened in your absence? >> go back in time that's an important point. they did act spongy, fell out of the range we spent a lot of time in, but, to me, one key whether we lock in the high yield of the year, in february of 2.95 that we took out friday and today, and that was the 2017 high, which was 2.63 fact of the matter is we got down as low as 2.73, 2.74 close, so within nine basis points. if we would have traded or intersected under that 2.63, i would have signed a contract saying my fellows locked it in for the year, but that did not occur. there's little doubt at some point we're going to go through 3% i think mr. dunlap had a good point with regard to how much risk you take to short the long end and long the short end looking for steepening or you want to go the other way looking for flootenning, but i frame i

joining us by phone with more on today's action is steve grasso from stuart frankel, because he's on a beach somewhere. i told you you would end up trading on the beach what did you just sell >> i actually did last week so i could relax on the beach but i sold square, ali alibaba and -- obviously, bitcoin, blockchain has been under pressure. let's think about what's in the bull's eye in the target zone for this marketplace it's financials, it's tech, it's china-related. look at square then alibaba, which is anything china related and anything large cap tech is in focus so, that's the reason why these things are trading lower i wanted to clear the deck, so to speak, clear the deck and see where it is when i come back the bears only have a week or so to really dig into this market once earnings start, those taxes will flow through eps and you'll find out wall street analysts have underestimated what tailwind the corporate tax wind is going to be for the u.s. global - >> we're chuckling here. i was giving the crew a hard time how excited they were for earnings i want to bring them in. s

. >> stevie, i wish my uncle was grasso. >> >>> 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 some money. my job is not just to entertain and put this one in context. so call me at 1-800-743-cnbc or tweet me @jimcramer. did all the ceos of america decide to pull in their horns? and this did so right at the right moment are these captains of industry just plain scared or were they merely trying to lower expectations all at once to more realistic levels that they can beat later this year on a day when the do you plunged 425 points s&p 1.34%. and the nasdaq nose dived 1.7% i can't escape the feeling that this was a bit of a self-inflicted wound one that fooled people at one point the do you was up a recovery of 130 points from the day's lows first, we had three separate companies this morning say the wrong thing and it ob

grasso >> sure you don't know that i don't know who that is >> i know you don't know who that is. >>e's such a nice person too. warm and fuzzy nap is amazing, right? complete turnaround. >> oh, my gosh so they're rivals on the michael k show now those ratings are up they brought in three people now they're going to try to keep him around >> i also would have mispronounced that i would have said francesca. >> no. >> stocks mostly shaken off the positive results whether solid earnings joining us today tom liden, stewart frankel, steve grasso, and rick santelli. gents, good afternoon to you all. steve, i guess the key thing is earnings yesterday beauing is a great example. dragged down by somebody else's earnings today able to prop itself up with its own ones. >> when you see the key thing is earnings, when you read that headline where it said 80% of the companies that have reported have beat, and the market really doesn't care about it. the market cares about what caterpillar reported yesterday that scare about peak earnings or margins being compressed. i think the market is trying to

. >> steve grasso says correctly, when the market goes down 70% of the under lining stocks go down with it. so i am not certain there are safe people will point to dividend paying stock we have seen on a number of pays where if you have a 3.5% dividend yielding stock, and the do you is down 4%, you have given that up. dividend is a cherry on top and not a reason to buy the stock necessarily. >> tesla shares dropping is musk a liability for tesla. if you are worried about this crazy market, relax, guy adami will tell you what you should and should not do right after this you know what they say about the early bird... he gets the best deal on the perfect hotel by using tripadvisor! that's because tripadvisor lets you start your trip on the right foot... by comparing prices from over 200 booking sites to find the right hotel for you at the lowest price. saving you up to 30%! you'll be bathing in savings! tripadvisor. check the latest reviews and lowest prices. >>> welcome back to cnbc special coverage tesla now down 35% elon musk has shown strange behavior on twitter. >> wild day for tesla

you know, when you look at the stock market, though, and you see what's behind it and grasso hit theail on the head earnings season, valuations are better, and you got such great tail winds between repatriation, a lower tax rate, tax reform, just seeing the tip of the iceberg. this could be one of the mays where you sell in may you may regret the day so pay attention to especially -- go ahead >> if all the good stuff happens, if the yield curve is flat, it's going to invert, sounds like that's a problem -- how can they be so out of whack. >> great question. no inflation that is the problem. in fact, you know, the fed is fighting this invisible enemy that they perceive to be out there right now, and it's really not. i mean, we were looking at some of the numbers coming out, and people are starting to look for inflation around every corner, and it's not there we still have inflationary pressure out there look at commodities. it's why these banks are not doing well in the trading rooms. the commodities are not moving they are one directional and going sideways, and, frankly, not giving

. >> we'll see let's bring in steve grasso, good to have you here. >> thank you >> do you look at any of the three dow components as something bigger to reflect what could happen more broadly in the markets? i think, for example, apple and the phone not selling as well, is that a china problem? domestic sales problem something -- >> yes, so i think that apple is everything to everyone everyone has some sort of a contact with apple, whether you're an investor, own the produ product, so everyone is my optic on looking for them to leave the mark they have not led the market in quite some time, but look at the long term chart on apple, you cannot argue that long term investors have reached the benefit of staying in and buying on the dips and holding it longer term. >> i thought apple was meant to diversify itself and no longer be just an iphone and not just an iphone, but iphone10, the latest model that's the tradeoff, isn't it? >> it is, but it's still very, very heavily institutionally owned with a tremendous run for a number of years, and it's just one of those names that have to perfo

grasso >> i'm going to say buy.the pitch i think airlines as a whole are going higher. >> let me guess what dan is going to say. >> sell this thing tim makes a good point there were good triangles but -- >> i don't need the trophy. >> >> i would rather fly delta doesn't mean i'd buy or sell i can't get my arms around united losing people's dogs, clubbing that poor man as he leaves the airplane. >> they dragged him off, that i didn't club him. >> very good contrarian indicator. >> just point of fact. >> are you out there buying tim's pitch for united you can vote on our twitter poll @cnbcfastmoney. tim, not looking good. plus general electric ceo john flannery speaking at a cnbc event speaking about jeff melt we will bring you those comments when "fast money" returns. tomorrow, it's a day filled with promise and new beginnings, challenges and opportunities. at ameriprise financial, we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for wh

time >>> let's get to the closing bell exchange today with the dow up 245 points, joined by steve grasso here at post nine, and rick santelli at the cme in chicago. steve, watching caterpillar closely, that's you, and hy? >> look at the correlation between cat and s&p, it's just a sector within the s&p. it's nothing to pay attention to correlation is close if you know where cat's going, you know where the s&p is going. >> because of the trade issues on the floor >> no. it's been for quite some time, so i would suggest you chart it and the investors watching now, chart it, see how closely they are together >> for one year? >> a couple years. look at the ups and downs, they are plugged in because of the world economy. throw in there now facebook and technology, you get the whole picture, the whole macro picture why the mark's doing what it's doing, and we have a u.s. envoy going to china we know rhetoric versus reality. softer on reality. that's why the market is what it is now >> earnings for most of the first third of earnings season, a lot of efts beat, but share prices are not performi

joining us cnbc's michael santolli and steve grasso. netflix, it's not a tech move, but consumer discretionary >> that's right. more of a media company than anything else. >> that's right. it's not going in the new staples? >> no, in the new communications services sector. >> is it >> in a few months, netflix, facebook, and google will go into a communications services sector with the cable companies and leave technology to the microchip guys and the rest of it look, i think the muscle memory is strong in terms of the market getting back into the big tech names when they feel like anxiety is drained out of the tape overall, it's a very low key 1% rally today. i will say, it's also quiet. the vix is down. it's methodical. that could be both good and bad, but the s&p 500 keeps passing these little tests, and we're halfway between where the intra-day low wasin february 9th, and the all-time highs, so i think it's sort of earning back the benefit of the doubt even if it doesn't have it all >> steve, overall, considering the call from netfli

week even though we also have teches kind of come back to consider and we were talking with steve grassose of the markets moving through this phase >> i think that's the big question the markets building up a little bit of resistance to the headline shocks. because coming into today, i would have said that traders were almost tuned into the noise opposed to trying to tune out the noise. and today was a day when, by the way, the average stock way outperformed the indexes you mentioned the small cap index was up i think that's part of the theme of the market in this fitful way attempting to be resilient despite all those kind of policy swirling kus ining currents >> neil hennessey is also with us welcome to you, neil ian, let me just go to you this morning there was a lot of concern, of course, about what kind of strikes we might see in syria from this administration that said, are we now pricing for the possible outcomes there? given today's decline? or, you know, if we start to see missiles flying and some kind of international response, should we expect further selloff? >> yeah, i mean,