my time horizon would definitely be 12 months plus. >> grasso? >> really quick, i would stick with draftkings. but to everyone's point, i think there's nothing wrong with locking in some profits here if the market does dip, these are going to get hit as well even when people get back into opening up casinos, online game bli gambling is not going away. >> there's a hedge or a put that the nfl season could be cancelled. that would obviously be terrible for many reasons but also for draftkings that's part of the thesis. >> 100%. we all know what the thesis is, but with abbott labs, with getting the news out that abbott labs has this other testing that we heard yesterday that rallied the market and a lot of other different industries i think you're just placing a bet. there's nothing wrong with taking a profit. see where the smoke clears, but ultimately on the dip, if there is one if the nfl season is cancelled, i'd still be a buyer of draftkings. they've established they are the name and they are the brand. >>> coming up, we are counting down to an

brian kelly, steve grasso, pete najarian and bonawyn eison a streami ining smack down, ite tumbling with fraud allegation plus draft kings dealing a losing hand today on weak earnings we start off with the one chart in the market that seems to be getting no attention check out the xrt, the retail etf up 12% this year the xrt taking another leg higher today on the back of a strong retail report is this retail recovery for real and if so, how are you playing it brian kelly, kick us off. >> i think there's a couple different things yes, there is a retail resurgence i think a lot of it had to do with the stimulus, but a lot of it had to do with a change in the way people are working the top five to ten holdings are heavy e-commerce, overstock, etsy, wayfare. be careful what you're talking about in extrapolating this to mall based retailers i think mall based retailers are going out of business. this is the new wave of commerce it's e-commerce. i do think that continues. the caveat is it would only get stim stimulus and people don't have that $600 check dor, do we get stalling in this >> do w

steve grasso, this probably hit your screen. what was your take >> i think it was reels. i think it was what you said that you needed a day to digest it i think guy talked about june. we all sat around and looked at advertisers and we said they'd all be back. they have to come back they have maybe three choices. it's really just facebook and google they're going to continue because advertisers have nowhere else to go they've navigated this market extremely well and when you're an investor, you're investing in tech what's carried us over the start line,the midline and the finish line it's been tech there's really no place for everyone to go but these six names and facebook is right at the top of the pile. >> by the way, we saw an extraordinary move in shares of apple as well, up 3.5% this is on top of the huge move we saw earlier tim, you know, is it just this reach here for high quality, big cap tech once again? >> well, it's funny. mikesantoli talked about some of the negative sentiment in the retail investor readings where are you going to see people run to the they're

steve grasso, where do you go with this? you said, you could take it a bunch of different ways i think this is going to help the republicans get a bump, as we were just talking about, as far as the swing states are concerned. if you go on a stock by stock basis, abbott is still a buy, up nearly 30% year to date. then look at the airlines, then look at the cruise lines, then look at anything within the economy. you don't need a vaccine you need people to feel more secure going to malls, going to areas. if you could have this type of a rapid test, this builds confidence for the overall market, which helps the president in a full circle response to this. >> it's concerts, it's restaurants. so many swaths of the economy find immediate life if you can rapidly test patrons before they go through the door, karen. >> yeah. of my reopen trades, the one that was up the most today was livenation, so concerts. still 15 minutes to wait before you get into a concert might be too much, but i think the idea of, all right, we'll be able to k

guy adami, tim seymour, karen finerman and steve grasso. tonight, a big bet on the little guys small cap. one top strategist tells us where he is finding opportunity as stocks hit all-time highs mall madness, the one chart that could tell the real story about the health of retail it will surprise you later on, we are serving up your call of the day with a side of fries. we're sinking our teeth into a big buy call on a burger joint you know there it is. it's yours mystery chart we start with a developing story on uber and lyft both stocks shooting higher after a big court win in california deirdre bosa has more. >> reporter: until just a few hours ago it looked as those california riders and drivers would wake up tomorrow to a ride sharing blackout the court blinked, granting youtuber and ly e er uber and ln extension to continue to operate with drivers as independent contractors despite new regulation it is a win for uber and lyft in the short-term it suggests that their threats to shut down service in california over the last week worked j

tonight's trader line-up tim seymour, karen finerman, steve grasso and brian kelly coming up tonight, we are gearing up for another big week of retail earnings so which of those names should you add to your stock shopping list >>> plus, cannabis company crystal labs making investors money today after reporting record revenues for the quarter. the ceo joins us exclusively. >>> bk says if you want to know where the market is headed, pay attention to this one chart. your chart of the week, a mystery as well. >>> to quote the song, we've got a long way to go and a short time to get there. let's start with the biggest of the big, the big apple no we're not talking about new york city, all due respect, frank we're talking about the world's biggest company getting even bigger today apple shares rallying more than 5% apple's move adding nearly $104 billion to its market cap. that's equal to, get this, an entire citi group, two kraft heinz and roughly two chipotles. do you want to be part of it or are these little town blues headed apple's way >> that's the question, i think. are you leaving t

. >> steve grasso, we are here, but should we be here?> yeah, i think we should be here only because you have the fed, you have stimulus, you have the bridge to wherever we're going right now. the day of reckoning is not here yet. so this is a perfect spot to be. i think the day of reckoning is when the stimulus is s stopped, when the fed is not backstopping, where we're back to stepping up the economy and things are falling short but can you imagine what time would the fed not be there, what time would the stimulus checks not be there that's why the market continues to grind higher, many in my opi. >> i think there would be diminishing returns to what the fed is doing before the actual end of fed stimulus. >> there will be, but i think we're trying to snapshot february 19, where were we we were at an extraordinary place in the market. even more extraordinary, we've gotten back there. i would say that the fed and the fiscal response for extraordinary and very quick at other times where we've had crises, there was no question this federal

paved the way for lower rates for longer so here to help us hunt for yield is "fast money" steve grassoce mass to being day. welcome. give us your top names >> how are you >> good. >> take it from -- let's say best to worst or let's say in my opinion safest to least safe it's outperforming the overall market it's wind and solar. that does have nuclear angle to it but the wind and solar is what attracts investors the second is pfizer this one i owned forever this is a real example of a dividend that the stock is basically down 3% year to date it's dividend is 4%. so you almost given back all of that advantage of putting a dividend play. but it is in the center of covid-19 and all the other things that are involved in the environment while i'm wearing a mask today this does have a history of blockbuster drugs. exxonmobil is down 42% year to date you get roughly a dividend yield of about 8.7%. that will be gobbled up in that year to date performance in a bad way. so if you have some risk appetite, you want to reach out further on the spectrum, exxonmobil and then if you don't want to play

that's picking up speed is green spaces in buildings so when we talk about green spaces we talk about grasso plant trees on the facade inside. buildings as part of the permanent architecture after months of being locked in dorset people people's relationship with the environment has become a lot stronger in a lot of ways it's become a lot more important for different people as far as green spaces go outside of buildings there are plenty of changes there too because we're spending more time outside because of corona and p right eating more outside in this socialising a lot more outside greens it's all good for mental health 0 of agree so yeah it's supposed to help with depression it helps with bio diversity and yet still for the environment it's just riveting quickly we're talking about architecture responding to climate change what about social movements we're seeing a black lives matter me too is there a response of those in architecture now yeah from what i've looked at there is good there are going to be sort of different shifts that are going to happen in the current narratives that we'r

our own steve grasso will join us to share three stocks to buy that are near all time highs includinghip name he says you should have in your portfolio. please don't forget. you can always watch or listen to us live on the go on the cnbc app. will we' brit cklle ghba when the world gets complicated, a lot goes through your mind. how long will this last? am i prepared for this? are we prepared for this? with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations, with access to tax-smart investment strategies designed to help you keep more of what you've earned so you'll know you're doing what you can for your family and your future. that's the clarity you get with fidelity wealth management. >>> as the markets brace for a record high on the s&p 500, what can you still buy at these levels if you missed the rally joining us now is steve grasso, the managing director of institutional trading at stewart frankel and a fast money trader. thank you for being with us. >> hey, how are you? >> i love your mask there. quha are you putt

. >> steve grasso? >> sonos >> biogen. >>> "options actio iupex n"s nt.easy to get lost in the economic uncertainty. the volatility. the ambiguity. this moment calls for more. and northern trust delivers more. with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you new clarity. inspiring confidence. and helping you uncover new paths forward. northern trust. wealth management. >>> happy friday we have a big show lined up for you. here's what we've got on deck. >> breakouts and backhoes. carter worth is cracking open his copy of the farmer's almanac to explain why there could soon be a bountiful harvest for deere. >>> then it's not the one that supplies food or the one that things about underwear it's the

guy adami, tim seymour, steve grasso and karen finerman. uber with weaker than expected results.ference call is underway plus, we're following late-breaking developments out of capitol hill. lawmakers are kicking off a high stakes meeting on the next round of coronavirus aid we are live in washington with the latest later, steve grasso is stepping up to the plate to pitch his next best idea why he thinks this housing related stock is a total home

dick grasso with us, former new york stock exchange chairman and ceo.he things, as you know, dick, always good to have you, that rattle markets. the idea there is no closure, or at least imminent closure to this whole virus thing, sometimes they slough the off. sometimes they don't. if it were to drag on that long, then what? >> well, neil, good to be with you. i think what the fed is saying is simple recognition that this economy is 2/3 driven by the consumer. so to your conversation a moment ago with joe piscopo, you have got to reopen the economy. you have got to get people back in restaurants, gyms, bakeries, theaters, schools. you have to do it safely but you have to do it because, that consumer consumption is going to drive a return to an economy pre the covid virus. neil: it is staggered. six out of 10 of students of all ages primary school to college, are delayed with in-person classes. something we haven't seen before. this sy flag out with businesses you indicated remain shuttered. gyms, restaurants, in new jersey, i could go on and on. i'm wo

steve grasso says this is one of the most under valued companies in the market i'm taking you home -- >> not a great company i know the company, just not going to recommend it. okay it's the spin off not so great and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. ameritrade ♪ ♪ >>> when the high-flying stocks got their groove back. this is a hybrid online media and cloud service play humble bundle, speed test, pc mag and other ius and many others including some we'll talk about and a host of cloud services, think of online fax platform, virtual phone system and email marketing solutions. when the pandemic hit, they got clobbered with everything else and the stock struggled ultimately bluultimate ly plunging to a five-year low didn't make a lot of sense some of that makes sense because half of the revenue is from advertising. a short seller published more or less accused management of self-dealing they denied and stock got slammed. they must be upset now not because of the important charges and made positive

put a little police detectives say they interviewed and then arrested basso grasso has been booked into the sonoma county jail. oakland police are asking for the public's help finding the owner of this van. >>officers say they want to speak to the driver about a deadly shooting that happened on august the 14. the incident happened about 00:30pm in the afternoon on beverly avenue near 100 and 9th avenue that is where officers found 18 year-old yvonne mcneil suffering from a gunshot wound macneill died from his injuries, the next day another big story we're following tonight. jacob blake the african-american man shot by a wisconsin police officer is now conscious. >>that is according to former democratic presidential candidate andrew yang who said he talks to blake's father earlier today. he tweeted today take a blake senior visited his son at the hospital yesterday and found him handcuffed to the bed and his first question to his father quote. why did they shoot me so many times. blake was shot 7 times by a police officer on sunday is now said to be paralyzed from the waist down kenosha

real quick, you know, see where they price the secondary and trade against that and kudos to steve grasso, as you mentioned there are certain teams in baseball, the mets, for example, that need to do things to bring fans into the stadium and these bobble head nights are a big thing but i got to tole you that bk bobble head night, if you look over his right shoulder, that's probably the greatest giveaway that the mets ever did at shea stadium. kudos to you, bk >> that's the laugh track. it really enhances the funnyness of the whole joke. >> i don't know what to say. >>> coming up, two more retailers join the list of the companies going bankrupt this year but are there even more to come first, we're getting ready for the latest electric vehicle maker to enter the market, our exclusive interview with lo lordstown motors ceo steve burns when "fast money" returns. >>> welcome back to "fast money. electric vehicle stocks racing higher today and there's new player that just got their ticket to ride lordstown motor ceo, steve burns. >> thank you, melissa. let's bring in steve burns, the founder a

your trader line-up tonight brian kelly, steve grasso, jeff mills and bonawyn eison. want to pump the brakes on two red hot gambling stocks plus, it is the end of an era with apple and tesla what to expect

brian kelly, steve grasso, pete najarian and bonawyn eison a streami ining smack down, ite tumbling with dealing a losing hand today on wea

guy adami, tim seymour, karen finerman and steve grasso.e guys small cap. one top strategist tells us where he is finding opportunity as stocks hit all-time highs mall madness, the one chart that could tell the real story about the health of retail it will surprise you later on, we are serving up your call of the day with a side of

tonight's trader line-up tim seymour, karen finerman, steve grasso and brian kelly coming up tonight, big week of retail earnings so which of those names should you add to your stock shopping list >>> plus, cannabis company crystal labs making investors money today after reporting record revenues for the quarter.

for me it was an incredible high point, big shout-out to dick grasso for having the vision to know we want to open this up. we want somebody on the floor to communicate what's going on down here. he allowed it. he was incredible and of course big shout out for cnbc for putting me down there. >> sandra: we were talking about how honored we are you have to as a colleague and so happy the day you moved over here to fox news channel and fox business network. i was with you on your show day one and was proud to do so. we're looking at pictures while you were talking. so many notable figures you've been with an interviewed over the years. you talked this morning on page 6 how you made life long friends on that trading floor. >> it's true, sandra. there is so much camaraderie on the floor of the new york stock exchange. a lot was made there was a handful of people that didn't want me there. the truth is the majority of people were so supportive and wonderful to me and they are like family. i'll never forget when i was getting married in 1999 unknown to me they put a ball and chain on my ankl

big shout-out to dick grasso for having the vision to know that yeah, we want to open this up, we wantebody on the floor to communicate what's going on down here. he allowed it. he was incredible and of course, big shout-out to cnbc as well for putting me down there. sandra: fantastic. maria, congratulations to you. we were talking before you joined us about how honored we are to have you as a colleague. we were so happy the day you moved over here to fox news channel and fox business network. i was with you on your show day one when it launched and was proud to do so. and we are looking at pictures while you were talking, so many notable figures that you have interviewed and been with over the years. you talked this morning on page 6 about how you made life-long friends on that trading floor. maria: it's true, sandra. there is so m camaraderie on the floor. there was so much made about a handful of people who didn't want me there but the majority of people were so supportive and so wonderful to me and they really are like family. i will never forget when i was getting married in 1999,