grasso will break it down. much more "fast" right after this see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed custom

what do you think, grasso?another crisis fairly mimics or mirrors what you have we don't know way too much about it, was the leverage i don't think you're going to get back to 30 to 1. maybe not the same one, maybe an etf issue where you don't have the -- >> sorry but it went from the private to the public balance sheet so you can make an argument that we have more leverage granted, you have central banks that have more of an ability to under wind the trade. >> more leverage in terms of debt >> public debt to gdp has never been higher. we may be in place where we have those issues for now we try. >> our next guest looks like she wants to get in on the conversation this could have been avoided if corporate america focused on private issues let's bring in savida. always great to see you. you looked like you wanted to join in on the conversation. are you worried about the debt what do you see is the trouble brewing out there? >> well, i think the area of excess in today's market isn't sitting on corporate balance

and ella grasso was -- i would say she was one of his best friends friends. but in those days i didn't think i was going into politics. >> what influence did your mother have on your upbringing and outlook? >> i had a wonderful mother but i don't think she was going into politics. and then my father was in washington and my mother came to washington with im but she knew what a tough like it was. >> what kind of influence did she have on you personally? >> huge. this morning she said wear a skirt, don't wear pants. hear her all the time. my husband's mother-in-law was an active woman in the city of hartford. she ran for the bord ofard of education for years, she had a school named after her. she was the vice chairman of the democratic party in hartford for years and our first house was about three houses from hers and she's the one that really got me interested. she taught me how to register voters, how to get out the vote, how to run a committee room and she was the one that really -- and then i ran for town committee. it was the first thing i ran for. >> wha

grasso. >> we were unanimous across the board that's what i said it doesn't affect the stock there is a lot of people outside this country don't care whether we take a knee or not. that's not the reason why i didn't agree with it. >> i didn't agree with it because i didn't agree with the ven enewe. i didn't agree with nike doing this it seems contrived to me i didn't want to play a part to it for me stockwise it can rip. under armour up year to date more than nike but i'm not buying for me. >> it's interesting steve in a few years the kids not allowed to nikes they are going tok woke and buy whatever the he can heck they want. this is the move nike makes whoa you think it they are saying there is oolts of people aging and who are like having less and less zploesable income and agree with you. >> they did the demographics they get it. >> like this is a message that they dsh. >> we saw that though. >> no, but what i'm saying. >> they don't care about anyone over 35. >> you know prochser galway. >> he is on the network a lot. >> he basically said this. it was interesting the most infamou

nasdaq market site overlooking new york city's times square melissa lee traders tim seymour, steve grasso. guy adami tonight on fast nic' record run rages on. one of the traders says this is the beginning an a bigger rally. he will tell us how high hedge fund titan michael novogratz. he said bitcoin would be double. likely to hit 40,000 why is he calling for the crypt of comeback now and what does he think about the move in ripple he will talk all things crypto we heard you loud and clear krips o universe we tweeted you voted you want the bit coin bug back boom there it is the bit coin bug is officially back by popular demand at least for tonight so twitter take a chill pill we start tonight with the fang fade out in an old school blast of maria carey. is it time to let go of fang as the market hits high after new high, the fang stocks no where to be found. none at new highs facebook in bear market. netflix in correction. google barely out of correction. amazon down 7% from its high all the fang stocks sell off today as well is this trade the fang trade over guy. >> i think it's going to

i'm more in grasso a's camp you don't truss it until it's 180, 140. that's where the support it. what i'll look for is if it drops like that elon musk is pushed out and then all of a sudden we get news that perhaps somebody who can run the auto company is coming in, at that point then i'm g getting more bullish on it. with you i don't think that happens until 180 or 40. we got a rung way to go. >> retires get to phil rhee be statement from elon musk, phil. >> here it is. elon musk issuing a statement a few minutes ago. saying the unjustified action by the s.e.c. leaves me deeply saddened and disappointed. i have always taken action in the best interests of truth, transparency and investors integrity is the most important value in my life and the facts will show i never compromise this in any way melissa, i don't think we can get a whole lot out of that statement aside from what you expect from somebody charged by the s.e.c. with fraud to say essentially, look, i don't know why this charge has been brought against me i don't think it's justified i've only had the best interests of

stock market as if the economy is at 3%, and not expect a 3% funds rate i think this is more for grasso you're going to have your cake, you got to eat it too. is the way to think about it, the fed is saying, the economy is doing better. unememployment is low, and by the way, they're willing to tolerate it. gdp above 3%, with the steady run rate of the economy. >> do you see the gdp as tra transitory or do you see it front loaded and do you see that coming, in versus escalating in red, ratcheting higher? if you see it ratcheting higher, i see why you're raising rates if you don't, i think you sit on your hands >> i any you got to raise your rates, even if it's temporary, steve. my story is, we're going to see about that stuff you're going to the best scenario i could mention, i don't think 3% is the new rate for the economy, unless we find a way to make these phones a lot more productive than they've been >> the key here is asset prices. asset prices are steadily going up, no particular bubble, everything's been going up the value of assets has been going up for years and in the last 25

. >> grasso. >> menard's had incredible headwinds. earnings october 3rd i'm still long. >> jamie dimon is dreamy, as is discovery communications. tt est for us here. see you5:00. for more "mad money" starts right 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 some money. my job isn't just to entertain but to educate and teach you, so call me at 1-800-743-cnbc. or tweet me @jimcramer on wall street the two most dreaded words in the english language are long and term you think that would be more threatened by regulatory oversight but our government is so pro-business those things seem like fairy tales. right now, long-term is the last thing a big investor wants to hear when you talk about long-term earnings the hedge funds guys will smile and rush to sell your st

grasso, elon musk and maybe we need a whole sale change for the board to move elon into a visionary rolend controls around him and allow the company to flourish. >>> the controversy around serena williams outburst at the u.s. open final continues to spiral some grand slam officials say change is needed adam has more on your take of the events over the last couple of days and how some of these institutions and people in senior positions have dealt with this >> absolutely. carlos ramos is at the center of this he was the man that serena branded a thief and a liar, obviously leading to her getting those three penalties and losing a game, which is almost unheard of, especially at that level of grand slam tennis. the international tennis federation have come out in support of carlos ramos saying he was within his rights to stick to the rules the way that he did and hand down the punishment that he did and that was backed up by the fact that usta fined serena williams as well. but looking further ahead, now the question is what will happen next the australian open is the next grand slam but wo

. >> steve grasso.space is over extended they have run too far with coonos. >> yoeman's work in mel's absence. >> a privilege and pleasure. >> it has. >> i can't even be inseer. >> i think twitter is going down. >> i tk ooit -- thank you very much thank you very much. "mad money" with jim cramer begins now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 some money. my job not just to entertain but to teach so call me at 1-800-743-cnbc or tweet me @jimcramer. has the stock market totally lost its mind? i mean, when president trump impose as 10% tariff o

. >> neil: well put, dick grasso, set last person to say it so i will say it not for him and rememberinghat was important, we would not have opened up so soon or capitalism tried to get back to normal. so quickly. that was important then as much as for the lives lost as the lives plowing on. that was then. i hope we remember it now what we got through. so every time people tell you about how horrific things are, look back then. we have gotten through much, much worse, my friend. [applause] does this map show the peninsula trail? you won't find that on a map. i'll take you there. take this left. if you listen real hard you can hear the whales. oop. you hear that? (vo) our subaru outback lets us see the world. sometimes in ways we never imagined. if you're waiting patiently for a liver transplant, it could cost you your life. it's time to get out of line with upmc. at upmc, living-donor transplants put you first. so you don't die waiting. upmc does more living-donor liver transplants than any other center in the nation. find out more and get out of line today. but prevagen helps your brain

nasdaq market site overlooking new york city's times square melissa lee traders tim seymour, steve grassofast nic' record run rages on. one of the traders says this is the beginning an a bigger rally. he will tell us how high hedge fund titan michael novogratz. he said bitcoin would be double. likely to hit 40,000 why is he calling for the crypt of comeback now and what does he think about the move in ripple he will talk all things

which is pretty amazing, steve farina, williams and connelly, veteran litigator, represented dick grassonew york stock exchange case, you remember that? and campos, a veteran litigator, appointed to the full commission of sec by george bush twice. these are two guys deeply embedded and know a lot about the regulatory apparatus at the d.c. both at sec, they're the main litigant, that doing the main investigation, that fox business broke first that subpoenas were sent, focus heavily on statements mr. musk made whether they were false or not false and whether theres were some truth to them and whether those statements violated sec rules particularly, 10-b-5, which says you can't put out intentionally false statement with moving the stock. there are statements about the car production and profitability. it is the private, going private, whether he really did have the funding and i'm telling you when you bring in someone like steve farina, and i know steve a little bit because i covered the grease sew case, veteran litigator will get in the trenches to fight for his client. when you bring in

and the exchange opened up again on september 17th with the governor, with the mayor, dpik -- dick grassopened. it was that day that you had chills because you knew that we were down but we were not out and you knew that we would rise again and the world was watching, how would new york react, how would the u.s. react. >> i was outside while you on the inside, i could see the images on wall street because we were interviewing people going back to exchange, it was the mix of national guard troops who were there driving humpv's, you could still smell, i remember the smell, if you think back to it today, you remember the smell but there was, you know, something about the strength and the resilience of the city that as i said a moment ago on september 12th, you're right on september 17th, all right we will get back at it. maria: the stench was there for months, you could smell what had occurred and a they we will never, ever forget and we continue to watch the sort of impact today that we will continue to talk about this morning, so our condolences to all of the victims and families of septem