so j&j >> karen finerman?e the market is positioned for some sort of pivot or something and i don't think that's going to happen. so i'm short some spiders into this bid >> interesting short-term spider here >> what? >> courtney garcia >> i think you want to make sure you're positioned regardless what the fed does tomorrow, i think pharmaceuticals are well-positioned. it can be a great way of playing it >> bonawyn eison >> xpo these are companies that have the ability to raise prices despite the environment. >> speaking of the astros, are you watching the game tonight, mel? >> yeah. >> i'm sure. >> definitely. high on my list there. as soon as i get home, i'm going to turn that on. >> mattress mac. >> thanks for watching "fast money. "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.

with us karen finerman, and steve. >> the company is walking away to buy it non-u.s. assets. it was in august when same bankman fried was on the cover of "fortune" magazine the next warren buffett, and there is a caveat or could he crash and burn i guess it's the latter. a valuation of $32 billion kate rooney with the latest on this one. >> that's right, the deal to buy the company is off the table and in a statement the company is saying as a result of corporate due diligence as well as latest news reports regarding miss handled customers fun and alleged u.s. agency investigations we have decided not pursue the potential acquisition of ftx.com the company goes on to say in the beginning our hope was to score customers to provide liquidity but the issues are beyond our control or ability to help this. had been a non-binding letter of intent binance was in the middle of the due diligence after announcing it intended to acquire the international side of the business due to what they call a liquidity crunch no response from ftx but sam bankman fried has reached out to employees

>> look at that good-looking man with karen finerman. lower rates means higher utilities. uine parts looks interesting here it's a little overbought but i like it on pullback. a good defensive name for this market >> karen, you have a special guest today. >> i do. i have my son jack here for thanksgiving week. we talked it over. jack, what have you got? >> it's great to be here thank you for having me. we're really excited about lyft. they've turned the corner on profitability. and i know some of you out there a little bit nervous, but now is a great time to buy. >> well done. >> as guy would say, #stud xle, not a fan here. i'd be a seller. >> you did that almost as well as conner, tim's son >> who is 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," i'm just trying to save you a little money. my job is not just to entertain but to educate and teach about days like today. call me 1-800-cnbc or twee

guidance that the fact that they said that they weren't going to give guidance into '24 has got karen finerman with a smile on her face i think we've talked about the housing market, the question really and we're debating this and we debated this with lowe's versus home depot, will people spend more on fixing up the one they have or pull forward the once in a lifetime trade for williams sonoma. >> i think your retails will face headwinds here and i think you're seeing you're higher income consumers are holding up better and williams sonoma should benefit from that but i think moving forward it is the retailers an the home buyers are not going to have as much momentum moving forward. so it is not something i'm going to jump in currently. >> there are only so many cast iron skillets that one needs especially when wealthier households are trading down which is the trend that walmart is seeing. are they going to williams sonoma to buy that >> and all of the other good things lemon squeezers. >> or the $20 pot holders. >> and a pizza pie and there is no way around this, there are two types of weakn

we're live in the heart of times square on the desk, karen finerman, julie diehl, guy adami we start with another plunge for target the retailer stock falling more than 13% after its latest warning. that was its fourth biggest drop on record and its second double-digit plunge this year. target profits collapsed by 52% in the third quarter with a spike in shoplifting contributing to the losses the results and performance a complete 180 from what we saw from walmart yesterday, whose stock rose for a second day after its better than expected report yesterday is this a target specific problem or is this a real read on the consumer as we head into the holidays the backdrop of course also that the markets traded lower today on the back of this. karen, what do you think >> i think, well, a lot of those things are true. it might be both i thought this was a bad call. i really didn't like -- i didn't like how uncertain they were about their business i understand it's really hard these times to know. we talked, you and i talked before the show they seem pretty optimistic later in the summer ab