city's times square i'm melissa pleep our traders on the decemberric tim seymour, steve grasso, karen finerman and pete najarian. tonight on "fast" the s&p is doing something it has only done once in the last 50 years and it could lead to a pullback in stocks. we'll tell you what it is and how to protect yourself. plus golden times for the golden arches. a new survey is out and it's pinpointing what could be the next growth area for mcdonald's. we'll tell you whether it could leave the competitors in the dust. but first to our top story. housing stocks soaring today on another dose of bullish data. the home builder etf hitting an eight-year high with many key suppliers popping as well. is there more room to run on the home front? what other sectors could follow suit? steve grasso, you've been in this trade. at what point do you say maybe these stocks are pricing in a recovery already? >> you could say that with toll brothers. we chatted about this a number of times. toll brothers definitely had that recovery already. but i don't think you can say that about kb holmes. i don't think you can say

our traders on the desk tim seymour, dan nathan, karen finerman and guy adami. here's what we have coming up on "fast." shares of disney falling 3% on its earnings report. the conference call just kicking off right now. we are bringing you the latest headlines throughout the hour. plus one beloved tech stock just hit an all-time high. we'll hear from the analyst who says it is the ultimate bargain. he'll tell what you that stock is and why it could be cheap right now. our top story tonight, that would be apple. the numbers are staggering. since its recent high july 20th the company's lost nearly $100 billion in market cap. that is equivalent to three teslas, three yahoo!s, two netflixes, or one mcdonald's. so does the stock have further to fall here? could this be the best opportunity to buy apple the whole year? guy adami, what do you say? >> that's real cute with the sock puppet there, mel. >> if the puppet fits, man. >> listen, tim's been on this. dan as well in terms of the price reaction over the last few months. it's definitely hit a soft patch. is it the

. >> karen finerman? >> i like the september 45, 50 call spread. >> brian kelly? morning we have jobs reports so if you see the dollar weaken the way to play it, you buy gdx. >> wow. i'm melissa lee, thanks for watching. see you tomorrow at 5:00 for more "fast money." in the meantime, don't >>> 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. 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 it and put it all in context which you need right now. call me at 1-800-743-cnbc. or tweet me @jim cramer. sometimes we get days like today. where people just say, i have had it. i want out of here. >> sell sell sell sell. >> and that's pretty much

our traders on the desk are tim seymour, brian kelly, karen finerman and guy adami. a big sell-off but we've got two secret signs that the selling could soon be over. plus apple falling hard on a bearish note from jeffries. we'll tell you how much pain they think china will inflict on apple's stock price. and later the cio of a $70 billion asset management firm says china is already priced into the market and now is a great buying opportunity. she'll tell us what she's buying right now. but first to the broader sell-off here. all three major averages seeing more than 1% losses. but there's more than that. oil and bonds trading at financial crisis levels. the dax in correction territory. and all this comes as it's been more than 1,400 days. 1,400 days since our last correction. with today's move lower the dow is halfway there. begging the question are we seeing the start of the next correction right now? guy, what do you say? >> feels that way. the bond market, i think it's trying to tell you something. i think it's been trying to tell you something for a while. now w

your traders on the desk are tim seymour, david seaburg, karen finerman and pete najarian. today on "fast," bullion bounce. dennis gartman says the bottom is in for the precious metal. find out how he's playing it now. shack attacks the haters. the burger joint reporting its top and bottom line beats. one wall street insider says don't buy into the hype behind this special sauce just yet. but first to this breaking news on google, announcing plans for a new operating structure. cnbc's jon fortt's got all the detai details. jon? >> reporter: well, melissa, this is one we haven't seen before. google, the entity we know today, is essentially changing its name to alphabet but keeping the two ticker symbols that it has that represent the two different classes of stock. so what happens underneath this alphabet entity? well, for one google still exists but that won't be run by larry page as ceo anymore. that will be run by sundar pichai as ceo. and google followers will now surnd pichai as the most important operating executive of the google of today. he rose up from running googl

our traders on the desk bricems seymour, brian kelly, karen finerman and guy adami. another rough day for big oil stocks as crude makes a new multiyear low. one big oil name in the dow may have found a bottom and we'll tell you what it is. but first to the story of the night, will they or won't they? confusion about when the fed will raise rates leading to an extremely volatile session for both stocks and bonds. the dow down 229 points at its low, then reversing only to end the day low wrer while the ten-year yield hit session lows right after the release of the minutes. so is the market predicting a rate rise or not? they seem to be telegraphing a couple different things, b.k. >> a couple different things and a couple different markets are predicting a couple different things. we saw the bond market not react as much as the stock market did. as skoon soon as that news was leaked or broken whatever it was, you saw the stock market rally anticipating the fed's going to have easy monetary policy but then everybody realized this means the economy isn't as good as everyb

. >> karen finerman. >> i'm going to be watching jpmorgan. think the banks are central to the u.s. obviously and we'll see if this was just a sell-off into nothing at the end or more fear. >> grasso. >> i'm going to be watching apple. timmy said earlier apple's the proxy to the market. if apple holds in the market holds in. sea if it holds that par level, 100. >> i'm melissa lee. thanks so much for watching. see you again tomorrow at 5:00 for more "fast money." meantime, "mad money" with jim cramer 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 trying to save you money. my job is to put it all into context and teach and coach you. call me at 1-800-743-cnbc and tweet me @jimcramer. today is a classic example of why i hate big openings. i warn you never to bite onhe

city's times square i'm melissa pleep our traders on the decemberric tim seymour, steve grasso, karen finermanan. tonight on "fast" the s&p is doing something it has only done once in the last 50 years and it could lead to a pullback in stocks. we'll tell you what it is and how to protect yourself. plus golden times for the golden arches. a new survey is out and it's pinpointing what could be the next growth area for mcdonald's. we'll tell you whether it could leave the competitors in the dust. but first to our top story. housing stocks soaring today on another dose of bullish data. the home builder etf hitting an eight-year high with many key suppliers popping as well.

our traders on the desk bricems seymour, brian kelly, karen finerman and guy adami. big oil stocks as crude makes a new multiyear low. one big oil name in the dow may have found a bottom and we'll tell you what it is. but first to the story of the night, will they or won't they? confusion about when the fed will raise rates leading to an extremely volatile session for both stocks and bonds. the dow down 229 points at its low, then reversing only to end the day low wrer while the ten-year yield hit session lows right

our traders on the desk tim seymour, dan nathan karen finerman and guy adami.up on "fast." shares of disney falling 3% on its earnings report. the conference call just kicking off right now. we are bringing you the latest headlines throughout the hour. plus one beloved tech stock just hit an all-time high. we'll hear from the analyst who says it is the ultimate bargain. he'll tell what you that stock is and why it could be cheap right now. our top story tonight, that would be apple. the numbers are staggering. since its recent high july 20th the comp

your traders on the desk are tim seymour, david seaburg, karen finerman and pete najarian.ay on "fast," bullion bounce. dennis gartman says the bottom is in for the precious metal. find out how he's playing it now. shack attacks the haters. the burger joint reporting its top and bottom line beats. one wall street insider says don't buy into the hype behind this special sauce just yet. but first to this breaking news on google, announcing plans for a new operating structure. cnbc's jon fortt's got all the detai details. jon? >> reporter: well, melissa, this is one we haven't seen before.

our traders on the desk are tim seymour, brian kelly, karen finerman and guy adami.but we've got two secret signs that the selling could soon be over. plus apple falling hard on a bearish note from jeffries. we'll tell you how much pain they think china will inflict on apple's stock price. and later the cio of a $70 billion asset management firm says china is already priced into the market and now is a great buying opportunity. she'll tell us what she's buying right now. but first to the broader sell-off here. all three major averages seeing more than 1% losses. but there's more than that. oil and bonds trading at financial crisis levels. th