equities and europe equities and asian you have kweb looking to end the week up 10% this week. talking about a 15% performance this week alone versus the s&p 500 the investors need to be aware and take advantage of the performance we're seeing within the space. >> the out performance we know there is a segment of traders who chase that bre brendan, what do you see with fund flows are investors putting money to work in funds like you'rs >> dom, kweb is now over $76 billion. we see investors allocate to kwk kweb inflows have been strong i will knock on wood. >> brendan ahern cio at craneshares thank you. >>> on deck, we are gearing up for the cpi report the moves investors might want to make coming up next. >>> throughout the month of june, we are head to break, herh cnbc producer joey caruso. >> for pride this year, i'm celebrating a long history of understanding and love and equality i consider myself a late bloomer. it wasn't until five years ago i accept ed myself breaking generational habits that say it is not okay to be gay. u is okay yoare okay put yourself first and every

also we have kweb.his is a rare bright spot this week we saw huge flows on the option side midweek a couple of things are driving that number one, we're talking about china reopening. and there's something else, too. look at the performance of fxi this is something that has been extremely hard hit when we look at caterpillar that tony was talking about, that's trading at a relatively lofty valuation. not so for the chinese stocks. and if we happen to think they have an opportunity to rebound we've got some reopening going on, they look cheap to me. of course, options prices are pretty elevated. because of that bump, midweek we were up significantly more by the end of week, up about 2.7, 2.8% week on week i was looking at call spread risk reversals these are ways you can get near term exposure to the upside and with the downside risk that you can have the underlying put to you at a short put strike. i was looking specifically at the august 30 33 37 call spread risk reversal. why is that? 30 essentially w

months of losses, staging the best rebound in the month of july since june of 2020 when looking at the kweb index peter, you have an eye on japan. growing pressure on the bank of japan with the lifting cap on the 10-year treasury why is this important to investors? >> this is the next potential major event in the global bond markets. bank of japan has been sup suppressing the 10-year treasury there is growing pressure they will have to expand because of rising inflation and other central banks tightening and they are not when they do, because they eventually will, you will see another round of earthquake in global bonds keep an eye on the 40-year jgp yield. the furthest on the yield curve. it is least manipulated by the doj. it will given you an indication of where it is going. >> phil, what is the year-end target for the 10-year treasury? >> markets are on the upside and down side. i would not be surprised if we see 3.75% or greater eventually if i'm right about the call on recession, yields will be lower at some point below that level in the shortshort-term, you seen extraordinary issue.

check out the chinese kweb up 15% this month and on peace for its best month in more than two years. we will get more on some of this rebound coming up in the rbi later in the show. >>> checking on the bond market. on 10-year treasury at 3.22% in energy, oil is back on the rise by the way, a bizarre scene at the g7 in germany. emmanuel macron telling president biden all in front of cameras and hot microphones that the saudis and uae have no spare capacity to increase production right now and oil is back on the rise to $111.15. we hope to get the clip for you later. in cryptocurrency, bitcoin tracking for the worst month in a year and ethereum since the pandemic struck in march of 2020. >>> the single stock of the day is nike. shares are down. challenges like higher transportation costs and longer shipping times are all starting to weigh on margins. that stock down 2% now down more than 35% this year and more than 40% off the all-time high. we get more on nike with an analyst later on in the program. >>> for now, let's get a check on the early trade in europe with the headlines with j

take a look at this, the kweb etf up 9% so far this week even with the pull baback, the rebound in theseten down chinese names follows better than expected economic data overnight on the trade front and the growing expectations that china will unveil some type of monetary and fiscal policy which bernstein analysts say will in turn help technology and real estate companies in china outperform also lifting sentiment, bloomberg reporting this morning that chinese officials are in talks to revive and financials ipo. with this week's games, the etf is outperforming the qqqs which has the tech companies before. the critical question is whether china loosens the zero-covid policy and gives the economy the stimulus that it really needs to recover, tyler >> my guess, seema is that china will become increasingly interested in stimulating its economy. they've got to get back to some high level of growth or they'll have an unemployment problem >> this zero-covid policy has created a lot of havoc on the ground in china, right it's impacted the employment story for sure earnings as well at some point

if you own chinese tech stocks, you made money today kweb china etf jumping nearly 6%, the highest close treasury secretary janet yellen said reducing tariffs on china would be worth, quote, considering the names went into a frenzy joining us now with some of the action, you say frenzy what does that mean, mike? >> when i say frenzy, we're saying that all of these names really were trading multiples of their average daily volume alibaba is probably the most prominent. it traded more than five times its daily options volume over a million contracts in total. one of only three stocks that actually achieved that the busiest options were the weekly 120 calls but the ones that stuck out to me were actually the january 150s we saw a buyer of 45 5 of those calls pay $6.70 a contract that's risking a little over $3 million in premium on a bullish bet that alibaba's run is far from over and could rally more than 30% in the next 7 1/2 months or so several other chinese names also extremely busy and as you pointed out, kweb and fxi, another chinese etf seeing a lot of activity today. >> mike, thank

carter worth >> china, bottoming out, kweb and also xlt, oil for bounce. >> tony? on bordu eited airlines buying a call spread. >> see what you did there. mike khouw >> i open some k web already and i actually added some this week. also xop and haliburton a name i sold and i got back into this week as well. >> that does it for us here on "options action. wee seal you next friday at 5:30 >> hey, i am kramer. welcome to mad money. i am just trying to make some money. my job is not just to entertain, but to educate. call

so, full disclosure we are long kweb. and you know as we, as we begin to nibble back into this reversal to see if you know stocks will turn around here chinese stocks were something that pulled up. they held up very well the last month. so you know as of right now the charts say that is opportunity there. charles: yeah. they act fantastic. what stock, what stock do you find, i like when you post individual names, is the most compelling right now? >> so right now, you know, lots of individual stocks are looking okay. but what i'm focused on iyt transports. i want to see relstocks that mean something to the markets get back above important levels. iyc above 245. things like ark being up four or 5% then fading, those aren't stocks that move the market. those aren't stocks in areas that tell market participants that the economy is improving. i could say the same for semiconductors. charles: what about, just going to kind of throw an audible here because we're seeing a breakdown in the homebuilders and we're seeing a break dow

carter worth >> china, bottoming out, kweb and also xlt, oil for bounce. >> tony?oard united airlines, buying a call spread >> see what you did there. mike khouw >> i open some k web already and i actually added some this week. also xop and haliburton a name i sold and i got back into this week as well. >> that does it for us here on "options action. we'll see you negligence friday at 5:30 p.m. meantime, "mad money" with jim cramer starts right now. >> this is a paid advertisement for csn. >> you know, the one thing you can count on in numismatics, which is the hobby of collecting coins, is that the pace of change, or change, is glacial. [ chuckling ] okay? we would hope from the -- oftentimes, as numismatists in a hobby and in a profession, we hope for a snail's pace from the united states mint. nothing is done quickly. nothing is done without forethought.

this shows china slowing down the crackdown on big tech and i would point out the kweb china rebounding the last couple days. it is on pace for the best month since june of 2020 >> it has been a heck of a rebound. many big chinese tech companies. seema mody, thank you very much. >>> coming up here on k"wex" we have amy zhang with three new stock picks and that guy. ed morse why inflation is not just about oil and natural gasf a couple of big interviews coming up. we're back after this. cause you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ joel, since kansas, we've taken our own path. we've never done what everyone else did. we took on the fear. we ignored the doubt. we loved the excitement. we believed. even when our path didn't make sense to eve

. >>> chinese stocks are having a good day again with the kweb on pace for its third straight day of. don't go away. - i'll buy stocks on margin i don't even know what that is - sure sounds fancy! - invest! (buzzer) - [narrator] investing is not a game borrowing money to invest can be very risky learn more at investor.gov before you invest, investor.gov >>> welcome back to "squawk on the street." the national average for a gallon of gas topping $5 in over 13 states, a new record. joining us from the rbs global energy conference is head of commodity strategy, kalima kraft. great to have you here jim yammer and i have been having this conversation a lot what did the current administration to convince oil companies to drill more that results in gas prices coming down, or is that a fallacy that that conversation would bring about real action. >> the problem is right now, i don't think there's much on the supply side that can be done to bring prices down. we had the secretary-general of opec speaking yesterday, he said the world is maxed out when it comes to spare capacity. we may have 2.

more than 400 points or about 1.3% the chinese tech stocks have been making a comeback, though the kweb etf is up 14% this month. analysts say because of valuations but have the fundamentals changed that much seema mody brings us the details. >> the rebound in chinese talks comes as china takes its first step to reopening its country to overseas travelers by cutting down its quarantine requirement. also lifting sentiment, the chinese central bank governor is signaling yesterday that monetary policy would focus on boosting credit growth that's a departure from their comments in the past also, analysts at mcqueary pointing to industrial profits this is a proxy for earnings growth in china. they've been improving over the past couple of months and comes ahead of a big event this weekend, where the president xi jinping will visit hong kong and the question is whether he will unveil measures to support secondary listings for chinese companies like alibaba take a look at the chinese tech names leading the rebound this month, it's alibaba, jd.com, way bow, baidu, all up about 20% or more this

symbol kweb, internet china, i'm looking at. i have not bought yet. again trust is very low still. and you never know if you will wake up and china will announce another whipping of their own businesses and companies. but leave no doubt the action over the last few weeks in my world indicates a good chance that a good low has been put in. maybe retest as couple of times but definitely on my radar screen right now. charles: definitely on everyone's radar. gary, shah, great stuff. thanks for helping us kick off the week. coming up cardi b is worried about recession. she is far from being alone. why an inflationary winter could last for years. economists danielle dimartino booth, and judy shelton two of the very best will give us their takes. don't short a dull market that even applies to bitcoin. brian shannon joins us after the break. ♪ lemons, lemons, lemons. the world is so full of lemons. when you become an expedia member, you can instantly start saving on your travels. so you can go and see all those lemons, for less. >> tech: when you have auto glass damage, trust safelite. in

a lot of regulatory concerns but the crain shares internet, kweb is seeing net buyers near to date.if you have money on the sidelines you have a longer term outlook here are things to think about. liz: i agree with that. cathie wood says you have to have a five-year time horizon if you want to be in ark. she is taking the long haul picture there. good to see you, tom, tom lied good friend at "the claman countdown." [closing bell rings] that will do it for us. we'll see you tomorrow. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so last week the epa proposed a rule that would totally reverse a trump decision on water permitting projects. this is dear to my heart because we in the nec worked hard on something called section 401 of the clean water which under donald trump's direction put a huge priority on fast tracking major energy projects. we did the same thing on an even broader scale regarding

i believe is essentially to the legitimacy of this adm >> finally, ben, we're taking a look at the kweba more positive second half is to be had in china, will these shares move appreciably higher as a result >> if you look at the chinese market relative to the u.s., we're in a different position today from that kind of recovery curve than the u.s we are very much in some ways back where the u.s. was, i would say mid 2020 inflation is much lower in china than in the u.s. interest rates are higher, there hasn't been the same degree of money printing a lot of these issues that have al the market are very much self-imposed they have issues in the short term that i don't see in the u.s. so in the short term you could see jumps like we saw yesterday, in opposition to what we're seeing in the west. >> it just occurred to me, i would assume you need to know the country well, probably have been there, but you can't get in now, can you >> i've been in china throughout the entirety of the lockdown i was there for the last two years, i just left a few days ago, because we needed to hit the road, se

the etf, ticker kweb, green for the month. gainers all have double digits for the month rebounding further off their lows for the year, all three of those names now just 50%, though the kwell is still down more than 50%. >>> switch our focus to media names. worries about inflation, the direction of the economy hitting these platforms, disney is now below its pre-disney plus launch share prices as a buy, a 174 target, talk about how we get there given some of the developing macro back drop. >> the business for disney today is really strong their theme parks have never been better, and they're still operating with one hand behind their back they don't yesterday have international backing in orlando. their cruise ships -- and asia park have been covid restrained. they launched 53 markets, i think, third quarter and they're ramping up new originals, and getting new audiences for things like obi-wan the market is telling us we're heading into a terrible recession with the stock down 30% over the past three months, kind of twice the

. >> bloomberg says china is slowing down on the crackdown on big tech kweb etf is on pace for the best month since june of 2020 the journal with an unbelievable piece. tough for tech they are going back a decade tech has been dominant dominance is in question we will see if it turns into something worse than it has been it is salvageable. we count on tech >> it leads the way. >> it's been tough for the stocks ark invest is buying the dip on tesla. that stock is off 40% from the all-time high. wood says she added 50,000 shares of the ev maker over the past two weeks to the innovation fund autonomous technology and ro robotics fund and next generation internet fund >> you think she would have to she likes it at higher prices or says oops. >> that works for anything now i'm following target i think that was up yesterday in a down market. $156.70. if you liked it at 270, why not like it at 145 >> unless the picture has changed that drastically that is what people are trying to figure out. >>> let's talk about the elon musk and twitter saga. twitter reportedly planning on offer musk access

and kweb, the k-web as some call it, is going up there.eek on pace for it right now, but there are some standouts we'll see if that sticks in trading today. >> can you tell, that movement's all idiosyncratic or directly related to those stocks. we're not getting into bets as to what's going to and at 8:30 that's going to be the big mac rmacr story. >> we look at september '21 where netflix was trading. on september 3, 2021 it was 590. so this goldman guy went to a neutral, a price target. >> started it. >> yeah, initiated it with a price antarctictarget of where and it went above 700 admittedly that's about as good as the sell side ever gets with the stock like netflix you say i'm neutral and my price target is right where it is. >> that's essentially saying the emperor has no clothes very i have to put it at 590. >> that's the worst thing you can say for sell side. regulators have upgraded their probe into tesla's auto pilot assistance system. this brings 830,000 vehicles closer to aabl possible recall what's the name of this company? >>