kevin kelly's got the action kevin? a lot of activity, given the ruling we started out the day with 2.3 times the amount of puts it started coming down after the ruling and that's because you saw a really big block of calls looked to appear to be sold, about 10,000 of them, all the way out in july, the $8 calls, catching the upside and they were sold towards the ask for about 77 cents, so looks like someone was selling calls against the shares they own. >> all right, kevin, thank you kevin kelly. kelly intelligence karen, you flagged this move >> yeah, so, there were two catalysts for this stock one of them is this, the very important drug, irritable bowel and some other things. this is a big drug, a protection due in 2029. the other, the most crucial part is, can they spin bausch and lomb they are desperately trying to do it. >> for more options action, be sure to tune into the full show, friday, 5:30 eastern time. >>> coming up, more musk the ceo is known for saying what is on his mind, even if it comes at a cost. sti

kevin kelly.tions action, tune into the full show friday, 5:30 eastern time >>> coming up, the chart master says it's time to put the pedal at the metal on tesla. wh he's seeing in the charts coming up next on "fast money. this is the all new, all electric lucid air. a car that goes as far as it does fast. as sleek as it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> welcome back to "fast money. shares of tesla coming off a strong month now up 65% in 2023 and the chart master sees a buying opportunity in this battleground ev name let's turn to carter for the thesis carter >> right, so, what we have here, by my work, is a stock that's making a turn. we coloan look at a couple chars to put it in perspective the first chart you'll see here, there's nothing. those are perfectly parallel mathematical lines let's look at the second chart what that is is tesla. tesla has adhered to these well-defined trends up and down, and now we are just now reachi

options traders are betting this is great news for one of china's flagship companies kevin kelly is herei, melissa we saw heightened trading volume in alibaba today with about 2.87 times the amount of calls versus puts and the stock has an implied move of about 3%, and what you saw today is, traders came in and traded a lot of the july 21st, 2023 $100 strike calls so, there was about 16,700 of those contracts, and so, they're trading around 85 cents right now. >> kevin, thank you for that for more options action, tune into the full show, that is tomorrow, 5:30 p.m. eastern time. >>> coming up, lacrosse the country, the premier la close team with a new format the cofounder will join us next ayt out. "fast money" is back in two. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer ser

everybody, thank you, kevin, kelly, jonathan, jackie and thank you for watching america's late news,n los angeles. we will see you back here tomorrow night. ms. bring more. ♪ do more. ♪ see more. bring bring more , h more if not for you to grasp, still see more . got my baby sitting by me shining like and be more only silver linings in the clouds. silver linings in the clouds. >>e. made from feels like sometimeseu are so busy taking care of everyone else. you don't do enough forone ro yourselfof or your mouth, but eventually it will remind you when it does. ably. aspendale is here for you . we offer the custom dental treatments you need all under e can bring more light to your smile. and your smile to your lifer apo affordably. new patients without insurancei. can get a free, complete exam and x-rays and twenty percent off treatment plans. aspen dental. anything to make you smile. schedule your appointment today . >> joiisn the millions royal dutch today. >> downloato dd noisw these dt seems like everything is vying for your attention. there are tons of trendy dances to discover on s

default severe, a high-stakes negotiating session between president biden and house speaker kevin mccarthy. kelly o'donnell is at the white house with the latest. kelly? >>> lester, the president says a critical point now is that he and the speaker must be able to sell whatever deal they can reach to their own party. i asked the president if sending figures are the key to resolving this and he said not that alone. i also wants to talk about raising taxes on the wealthy, a nonstarter for republicans. >> reporter: tonight, facing a dire default deadline. the president and the house speaker go one-on-one. >> i think we may be able to get where we have to go. we both know we have a significant responsibility. >> we both agree that we need to change the trajectory that our debt is too large. >> reporter: coming together without other congressional leaders. late today after financial markets closed. negotiators also met on capitol hill. house republicans want to reduce overall spending and say democrats are not willing to cut enough. >> i think we can get a deal tonight. we can get a deal tomorrow. we

kelly: keep you humble, right? >> a lot of people saying that and is ever going to happen. here comes kevinle, i love it. >> kelly: i love people like that, who makes you take out the trash. last time charlie was here he was talking about his first time doing comedy, the memory of first time doing comedy? >> it was an open mic and i brought 20 friends and i performed the next week, no friends so i will remember that and i stayed in medicine for ten more years. >> kelly: it broke you. sp2 broke me, did not do very well. >> kelly: it is so hard. >> just like performance and you're just a list with the mic and not anything else. when you do well call me feel like a million bucks, when you bomb, you are broke. financially. >> make me laugh. >> he is good but he is no kevin. he is not cost up funny, which is not funny at all. >> kelly: so you are, your first role was "the hangover." it is turning 19 next year, which is crazy. i have to ask, because it was your idea to jump out of the trunk naked, et cetera? >> i told the director, i did have slacks on and i said would it be so shocking. the tige

>> kelly anne: thanks, kevin. while some in the biden white house are calling outrage, no one seems bothered by the bogus letter that 51 intel officials signed in the fall of 2020 falsely discrediting the hunter biden laptop story. maybe that's because the biden campaign it turns out orchestrated the letter with the help of mike morrel. according to new reports, in an e-mail, he told another ex-cia chief, john brennan, that the purpose of the letter was to help joe biden in the upcoming debate, help him with a talking point. meanwhile, earlier this week, a shocking new claim from a whistle-blower against the big guy, joe biden, himself. here's oversight committee james comer. >> we take our whistle-blowers very seriously. there's been two very credible whistle-blowers come forward. we're doing everything we can to protect these whistle-blowers and to try to encourage more whistle-blowers to come forward. we have credible evidence and we want to know exactly what the fbi did to verify this. >> talk about a foreign

demands for spending cuts, but republican house speaker kevin mccarthy allowing the possibility a deal could be reached by the end of the week. kelly o'donnell is tracking it all for us tonight. >> reporter: staring down the risk of unprecedented credit default, tonight new signs of progress and a major change of plan >> i'm cutting my trip short. i'm postponing the australia portion of the trip and my stop in papua new guinea. >> reporter: tomorrow the president will head to japan for the g7 summit of the world's largest economies, but he will skip planned stops in australia and papua new guinea to get back to negotiations. >> we're just getting started. >> reporter: mr. biden joined today by the vice president held his second face-to-face talks with congressional leaders. afterwards, speaker mccarthy struck a notably more optimistic tone. >> it is possible to get a deal by the end of the week. it's not that difficult to get to an agreement. >> reporter: at stake, raising the nation's credit card limit, or debt ceiling above the current $31.4 trillion before the government can't pay its bills on june 1st >> we know we're not going

as kelly mentioned, we drifted towards the session lows after house speaker kevin mccarthy really kindtold us all that the two sides are still pretty far apart on a debt ceiling deal so the dow down about 260 points, a similar percentage loss for the s&p 500 remember, we were in that 4200 points before, just hovering above 4100, down 36 points, almost one full percent. again, tilting toward the lower end of the trading range today the nasdaq composite off almost 1% 12,438 i mention ed where that bull market was the housing market is where we are seeing positive signs. we're off session highs right now, but toll brothers, after the closing bell yesterday, better than expected profits and revenues, helping to put a rising tide among a lot of the home builders out there. lennar up, dr horton, among some of the green names the ishares is up one quarter of 1%, as well. so maybe some green there in a sea of red and two of the retailers big in focus. we have kohl's and amber com by and fitch. kohl's, we were up 16, 17% at one point earlier today. better than expected results at that departmen

kelly o'donnell. sahil, let's start on capitol hill. you've got several house republicans either criticizing the deal or saying outright they're not going to vote for it. where does that leave kevin mccarthy? how many votes can he afford to lose? >> well, first, there's no magic number for speaker mccarthy in terms of votes he needs because house democrats also get a vote here and a big number of them are likely to vote for this deal. it's not clear how many at this point, but we know mccarthy wants at the minimum half of his republican conference. so his floor should be about 110 to 120. his ceiling is probably going to be about 180 or so. he's going to lose the house freedom caucus. that's one of the so-called five families. the most hard right members are highly unlikely to vote for this. most vote against bipartisan increases. more realistic number is somewhere in between. if he can get around 140, 150, it will be more than a majority of his conference. probably enough to keep him in decent standing and not have to lose his job. a lot of this is going to shake out the next day or so. in rules committee, they're planning to put this through tomorrow afternoon and hold a vote w

kelly. stephen kennedy. a blow con -- abul khan. john levitt. nikki mccarter. valerie mcdonnell. charles melvin. dana nagel. christine perez. joseph petre. tom plowsage. john putersich. kevin pratt. arlene quartiello. andrew renzoro. jennifer rose. terry roy. john sellers. vanessa sheehan. lisa smart. these are endorsements, how good is this? these are endorsements. james spillane. jonathan stone. james summers. jeffrey penzar. paul terry. dick backson. jordan, thank you. lily walsh. kenneth weiler. robertwehry and clayton wood. he said the should introduce them, it's 51, i said, get about, they were at their at the front, many of them were here from the beginning, i said i will take the time, you know. i'm not sure if television is to throw, look at all these people. i don't know if television is through, but we are through. we are thrilled. i also want to introduce bruce and lou, who have been with us for a long time, right from the beginning. thank you both. right from the beginning. thank you. thank you. and i want to thank the president of the new hampshire federation of college republicans, harrison, where you maybe. thank you harrison. new hampshire federation of re

kelly, safe travels, thanks for joining us. >>> here's some breaking news for you folks. house speaker kevinre still productive, although he added that he hasn't spoken to president biden since monday he did say, though, that the negotiators will get together this morning, so that's kind of the key. yesterday, they left things, it sounded like, there was no movement, no additional talks at that point, but they are restarting the talks with the negotiators today. >>> when we come back, what to watch ahead of the opening bell on wall street "squawk box" will be back after a ick eaqubrk. futures down by 100. >>> little more than half an hour from the opening bell on wall street. we're seeing pressures on the future across the board with the s&p looking to open lower by just about 13 points at last check. let's get with lisa erickson, co-head of the public markets group at u.s. bank wealth management lisa, great to have you with us. it seems like finally markets are waking up to the reality that there might be an impasse here, actually, s&p looking to be lower by about 19, at this point, lisa, a

kelly brer on the debt ceiling talks. "washington journal" starts now. ♪ host: president biden and house speaker kevin mccarthy met late yesterdayseeking agreement on how to reach the debt limit by june 1. and avoid economic consequences. the speaker left on an optimistic note, but many on the democratic side say the best option in the president's playbook is to use the 14th amendment to raise the debt ceiling. that would not sit well with republicans and would likely result in a constitutional challenge in the courts. good morning. it is tuesday, may 23, 2023. our opening question is should the president use the 14th amendment to raise the debt ceiling? if you say yes the president should do that, (202)-748-8000 is your line. if you say no, it is (202)-748-8001. if you are not sure, it is (202)-748-8002. we welcome your comments via text, (202)-748-8003, include name and where you are texting from. or on facebook, twitter, and instagram @cspanwj. we will hear from the president and speaker both before and after that meeting late yesterday at the white house. . we will look at the entry of south carolina senator tim scott into t

kevin mccarthy striking a deal to avoid a catastrophic default. the question now, can they pass it? we will talk to the president's top negotiators in a moment. but first kelly o'donnell has the very latest. good morning to you. >> good morning, kristin. this is a major update and a bipartisan effort going forward. now there is still more work to do. >> if there was no debt ceiling deal reached, payments could be late >> reporter: this morning a critical breakthrough. a plan that would avert a catastrophic first-in-history default, but suspending the nation's debt limit until early 2025 and tightening federal spending >> we reached a bipartisan spending agreement now we're ready to move to the full congress. >> reporter: the tentative follows days of intense back and forth negotiations between president biden, house speaker kevin mccarthy and their teams the result is a compromise, that congress must still vote to approve. so the drama is not yet over. >> so it is not 100% what everybody wants. but when you look, the country will be stronger >> reporter: the agreement would hold nondefense federal spending roughly flat for 2024, with a 1% increase for 2025.

kevin mccarthy is concerned about. he is concerned about a responsible and sensible way of raising the debt ceiling and tailoring spending, going back to pre-pandemic priorities. tom: what do you need from secretary kellyill: janet yellen could step in and say that she would be happy to work with speaker mccarthy and develop a very responsible and sensible deal to raise the debt ceiling, and curtail spending in the right way. i think it would pass overwhelmingly in the house and senate. president biden can sign it into law, well ahead of any deadline she set. that is precisely what president trump did with speaker pelosi. he asked secretary steven mnuchin, then the treasury secretary, to get the deal done. tom: thank you so much. republican french hill with us today. interesting to see how the administration owns in here. it is a different secretary of treasury. this is not the usual corporate suit and tie. i say this with great respect for the people who have served over the years. this is someone that really understands the economic dynamics, particularly to labor, if we get a shut down. lisa a: speaking of invoking the 14th amendment, she said that we create a constitutional crisis. she is going to