we are live at the nasdaq marketsite in times square. market and the dow jones industrial average may have found a new market leader today. according to bullish activity in the options pits. scott nations is the president of nations shares and an "options action" contributor. and scott, we are talking about procter & gamble, a name you actually talked to us about last week, didn't you? >> that's right. last week we talked about a bullish calendar spread, but today p & g got great news when citi gave it an upgrade and also hiked the target. p & g has been pretty disappointing this year but the news today was pretty good. they're going to go on a market share jihad, which is normally bad news, but earlier this month they this said they expected good things for the top line, which was news because twe heard so many companies pooh-pooh the top line ane say we're going to do great on the bottom line. p & g is set up to be in really good shape. today we saw a bunch of buyers in the sep 57 1/2 calls. they wanted to buy those back. a month ago t

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee.aders. the market snapping a two-week winning streak as economic data disappoints. is this the start of a bigger correction? our traders have the answer. and it was the biggest week for ipos in about a year and a half. but are any stock market movers worth buying? we'll answer that question. plus rimm falling 17% today but one analyst is sticking to his guns and says it is still a buy. we'll see about all the others on the street. don't seem to see any more pop first let's get to the word on the street. we should note that we are awaiting president obama to make some comments on the heels of that g-20 summit in pittsburgh, pennsylvania. when he begins speaking, which is anticipated to be at around 5:15, we will go to him live. but in the meantime we do want to discuss the big market turnaround today, this week in fact. guy, you have earned the moniker debbie downer -- >> justly so. >> and this week it seems you're not wrong. >> i'm not right either. look, the timing in this business, i

. >>> let's head over to the naimsf nasdaq marketsite across town. melissa lee stands by. >> hi, there, maria. on the top of the money on "fast" we'll be all over what could be the linchpin on tomorrow's tech trade that is of course research in motion. the conference call gets under way at the top of the hour. how to trade them and also a first on first cnbc. the biggest gainer on the s&p 500 today and that of course was red hat on "fast money." see you then. >> see you about the top of the hour, about five minutes away. >>> meanwhile, hewlett-packard making headlines right now. this company has an analyst meeting going on. up next all of the details from hewlett and how one multigrammy-award singer is helping kids become leaders in their community and in business world. >>> welcome back. multigrammy-award winner urbsermaking more than music here. the artist stopped by earlier to chat with me about the initiative he announced today. mobilized 5 million young people to encourage them and their peers to broadcast next leaders in business and in their c

we go over to the nasdaq marketsite now.elissa lee stands by, telsz us what's coming up "fast money" top of the hour. hi, melissa. >> got a big show for you. move over drew carey and bob barker. guy adami hosting our segment "the price is right" telling you what levels he would buy two stocks that might be on your radar screen. so stay tuned for that. also we continue our "street survivors" series with a look at jpmorgan today, and we've got the fallout look on the housing sector from an analyst who sees a 20% pullback in the sector. how do you play that pullback? we will have the answers straight ahead top of the hour. maria. >> all right. we'll see you in five minutes. up next we'll take a look at what could move the markets tomorrow when that opening bell sounds. back in a moment. financial part. who is unusually prepared to help. the meeting with northern trust went well, didn't it? yeah, they get it. they really get it. a little more stability would be nice. northern trust offers the strength and expertise... that can o

." >>> i'm melissa lee live at the nasdaq marketsite. coming up at the top of the hour on "fast money" we will go behind today's sell-off, get you positioned for tomorrow. also a "first on cnbc" interview with the ceo of pg&e. his outlook for his business as well as the outlook for alternative energy in the united states. and we'll get you set up for rimm ahead of its results. out after the bell tomorrow. with a top-ranked rimm analyst. all that and much more coming up at the top of the hour on "fast money." see you then. please help me welcome a long-time friend of glencoe baseball. a man who played second base here some 45 years ago. actually, 47. ladies and gentlemen, mr. larry mccarthy. amidst today's financial turmoil, our sophisticated wealth transfer strategies... and philanthropic expertise ensure your legacy... is passed on to family or your favorite pastime. ♪ northern trust. wealth management. asset management. asset servicing. >>> here's what to watch for tomorrow. >> i'm jim goldman in the silicon valley bureau. blackberry m

a simpler way to ship. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee.ching 11-month highs last week. traders on this desk have the best ways to navigate these september swings. plus, michael dell with a blockbuster deal. we will break it down and tell you who's next on his buying list. and later, with their own bank stocks selling the most exciting financial play may just be in brazil. the ambassador will be bringing you that moneymaker a little bit later on in the show. but first let's get to the word on the street. and guys, you know, there really wasn't any reason to go up but we didn't go down either and that seems like a positive thing. >> very good news. >> we didn't go down. it's not like the s&ps would break below 1050. the dollar was strong, the commodity trade was off the table completely. oil was lower, gold was lower, copper was lower, and you know what, technology came-n technology saved the day today, pulled us off the lows. now when you look i want to see tonight what you do overnight. let's see how the emerging markets respond. timmy, yo

we're live at the nasdaq marketsite. time for effective trade. s&p retail index hit a new 52-week high intraday at least with the gap, tjx aeropostale all hitting new one-year highs. 10% of that index hit 352-week intraday highs today even though it finished lower. will the retail trade be the one to watch this fall? pete, i know you've been talking about tjx favorably. >> strong and the buyback was big for them today. that helped push them up toward the highs. jon and i had a fight not long ago on the show. on the show we were talking about pepsi -- >> that's right. >> molson coors. and i'll tell you what, going into the fall if you look at a chart of molson coors, always seems to do well in the fall, football saenz, makes a little bit of sense. and pepsi. i think both those names very safe, very defensive and if you look at their performance during the fall, great names going in. you remember that? >> i remember that very clearly. >> that's a lie. >> no, it's true. >> he got it off the interweb. >> so it must be true. >> you know timmy's favori

we're live at the the nasdaq marketsite in times square.rgest bank of citigroup may be speeding up it's plans to the downside. the bank is reportedly slihrinkg itsz retail. to only six major metropolitan areas. it's the latest tough decision for this giant. the phrase "what doesn't kill you makes you stronger" might not apply to tonight's survivor. that's because citigroup, once a symbol of unfettered capitalism is now the face of a government bailout. victim of a credit crisis that claimed its ceo caused tens of billions of losses and knocked its share price to under a buck. it was put on life support by the government. and now uncle sam owns one-third of citi. an arraignment is keeping some potential buyers at bat. >> i think no doubt of the fact that when someone says they're going to share 8 billion of the stock,s that overhang placed on the market is going to force most of the buyers away. and so elusive. >> reporter: now ceo vikram pandit. he needs to make citi a leaner, meaner machine. ditch uncle sam and not only survive but thrive

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa plee. stocks jumping 15% in the third quarter ending today. did you miss it? these traders have your best ways to catch up for the rest of the year. also tonight the world's largest bond firm gives us the secret to spotting an economic double dip. and a developing story from gm after hours that could shake market confidence in this new quarter. but first let's get to the word on the street today. we've got a fantastic quarter and a lackluster end to it. not really a surprise, was it? >> to me it was a fascinating day. i thought we were going to completely break down after some of those numbers this morning. the market looked extremely vulnerable. then it came back. you've got to believe when we did that halftime report that now it's going to explode higher and close up 12. and handles and it winds up closing down. so to me it was very interesting. i thought it had every opportunity once it went positive to continue to accelerate, it didn't. but at the end of the day, as you say, nothing. >>

we're live at the nasdaq marketsite in times square tonight. time to get the stocks that were making extreme moves for the week. time for our weekly edition of "pops and drops." pop here for the mother ship, general electric. up 6%. greg? >> melissa is a closet technician, folks. remember, 15 is resistance. >> i'm out, greg. >> i think it breaks through -- >> breaks at 15. >> if it comes back to 13, add. >> pop and then a drop for natural gas. >> when was the last time natural gas was actually a pop? i'd love to know that. probably not since last year. probably natural gas it bounced off 2.50 got back to 3 bucks, went back -- eog, apache, devon, xto, we talked last week about owning them. if you do, get flat them now. >> pop here for freeport-mac up 7% on the week. pete. >> freeport-mcmoran, copper, and gold, melissa lee, that stock moves higher this week and it finally got through an area that's been administrative for a while fwhou, a lot over 69, 69.50 area. keep an eye on freeport, it's going higher. >> i don't think you ever called me by m

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee.hese are the "fast money" traders, markets to search a 11-month high. technology helping this search higher. we'll talk, in fact, the ceo of national semifresh, off of the earnings conference call. this sea cnbc exclusive. and later on the brothers of najarians favorite pigskin play. and that's john mack stepping down for morgan stanley. and our own on-air reporter. the company coming out and saying that john mack in fact will step down in 2010. the co-president will assume the ceo role. and john mack will remain as chairman. and this is a big question here is does this change anybody's outlook on morgan stanley? the fact of the matter is yes, it's towards the top of the best breed. not the best in breed but it did miss a lot of opportunities to make money on its prop desk. >> well i think that had nothing to do with his decision an one thing is clear is morgan stanley through the acquisition of the smith barney assets. and the strength of their own franchise may be taking a slightly d

live from the nasdaq marketsite, this is "fast money." i'm melissa lee. these of course are the "fast money" traders. was today's gain a sign of a good september? your answer and your trades. also tonight, pete with the alpha trade before its big product announcement tomorrow. and karen games the health insurers before obama's big speech to congress. but first, let's get to the word on the street today. do you think wall street was really back today? >> no. but i mean for a taste there everybody's -- everybody's back. no, i think this is another short week. a lot of people are still milling about. but was it an impressive day? nonetheless. everybody seemed to come in, ratcheting everything higher right from the get-go. listen, the market defies gravity right now. i'm clearly wrong. i don't trust it, but it wants to go higher. >> we got past unemployment on friday so today was all about asset allocation. globally you saw overnight the markets around the world, they were strong. you saw money being deployed today. and as much as the sentiment may remain bea

we're live at the nasdaq marketsite in new york city.estaurant stocks have been breaking out recently with names like domino and is dineequity enjoying double-digit runs over the past few days. tonight the owner of carl's jr. and hardee's, cke restaurants reporting earnings of 22 cents, the stock trading lower in the after-hours. the company's ceo, andy presder joins us on the fast line for a "first on cnbc" interview. nice to talk to you. >> hey, karen, good to talk to you. >> how are the burger wars against mcdonald's? >> burger wars are going great. we're having incredible success with our big carl at carl's jr. and our big hardee at hardee's, which we advertise as bigger, better, and less expensive than mcdonald's big mac. so it's meeting with a really positive reception. >> how many are you selling and how many rebates have you given out? because that's one of your big promos, if you're not satisfied you're going to give people their money back. >> well, i haven't heard of any rebates yet. so there may be one or two out there. but n

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee. these are the "fast money" traders. the action heating up in september. we are moments away now from an exclusive interview.w. david pogue got with steve jobs. he will reveal a new apple trick the market may have missed today.y. later steve tackles the best trade of the day as the under armour ceo explains why his stock jumped 9%. but first let's talk about the rising market, get to the word on the street. in fact, let's talk about the action that is happening right now as we speak. texas instruments out with its mid-quarter update, raising third quarter guidance. we are seeing after hours a rise higher in texas instruments. we will also check to see if this is having an impact on the cubes in the trading after hours. we have been on this story for a long time. it's had a monster run, guy, you noted. >> the guidance was pretty good. they actually narrowed and raised, raised 37 cents to 41 cents. it was originally 29 to 39. you look at texas instruments, they make 1.05 this year. they'

. >>> i'm melissa lee at the nasdaq marketsite.n "fast money" we'll talk with two men who saw the financial crisis coming. whitney tilson of cft partners and david rosenberg of gluckstein schef. cpk restaurants ceo about earnings as well as burgers. and oracle moving in the after hours session on the back of its earning. all that and much more top of the hour on "fast money." tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 i want everything right where i can find it. tdd#: 1-800-345-2550 anything that makes trading easier. tdd#: 1-800-345-2550 i want to be right in the middle of the action-- tdd#: 1-800-345-2550 you know-- i have to see what's going on. tdd#: 1-800-345-2550 and when i pull the trigger... tdd#: 1-800-345-2550 ...i've got to get the best price out there. tdd#: 1-800-345-2550 (announcer) try the new schwab.com tdd#: 1-800-345-2550 for yourself. tdd#: 1-800-345-2550 call 1-888-4schwab tdd#: 1-800-345-2550 or visit schwab.com/trader today. tdd#: 1-800-345-2550 'course a trade doesn't always work out my way. tdd#: 1-800-345-25

now we go over to the nasdaq marketsi marketsite, new york city, melissa lee stands by way preview of up on "fast money" top of the hour. >> hi there, maria, as you know, commodities, big day for them today, gold as well as oil. we'll have your best ways to play the commodity trade going into tomorrow. and also big event tomorrow. apple. we'll have the top-ranked wall street analyst on how you should set up for that big event. perhaps an ipod way camera. perhaps something more. and we've got the analyst who made the call of the day. the analyst who downgraded aig. why he thinks the stock is headed to zero. all that and much more coming up top of the hour, maria. >> all right, melissa, we'll see you then. a look at the market drivers for tomorrow up next. and then a possible big mcloss overseas for mcdonald's. we'll tell you about that. >>> here's what to watch for tomorrow. >> rick santelli on the floor of the cme group. make sure you tune in at 1:00 eastern for the 20 billion ten-year note augs. the second of three auctions this week. and an hour later tune in for the beige book. the

. >>> i'm melissa lee at the nasdaq marketsite.ney" we'll talk about the china trade wars with the former commerce e secretary carlos gutierrez. also, we'll talk about the top-performing sectors since the collapse of lehman brothers. that would be technology on a day that google hit a new 52-week high. and a view from the top on wall street. the ceo of stifel nicolaus on how the past year has gone for his firm and what he sees ahead for wall street regulatory reform. all that and much more coming up at the top of the hour on "fast money." but first, more "closing bell" right after this. >>> here's what to watch for tomorrow. >> i'm steve liesman at cnbc global headquarters. tomorrow we're watching for the producer price index from august. economists see a gain of 1% after a decline of 0.9% in july. take out food and energy. look at the core ppi. and economists see just a 0.1% gain. >> rick santelli on the floor of the cme group. tune in tomorrow 8:30 eastern. august retail sales very crucial number. headline. down 6/10 when you str

we head to the nasdaq marketsite. melissa lee is coming up. >> hi, there, maria. his announcement today that he's running for the connecticut senate seat. also his predictions for the economy. we'll also check out palm in the after-hours' session. it's been a big mover. we'll tell you how to trade it tomorrow and we pull out the crystal ball once again tonight. saw the financial crisis coming, richard bernstein with his outlook of the u.s. economy. >> melissa, see you in a few minutes. >>> up next look at the markets tomorrow. boss: so word's gettin' out that geico can help people save in even more ways - on motorcycle insurance, rv, camper, boat insurance. nice work, everyone. exec: well, it's easy for him. he's a cute little lizard. gecko: ah, gecko, actually - exec: with all due respect, if i was tiny and green and had a british accent i'd have more folks paying attention to me too... i mean - (faux english accent) "save money! pip pip cheerio!" exec 2: british? i thought you were australian. gecko: well, it's funny you should ask. 'cause actually, i'm from - a

let's take you live to the nasdaq marketsite. melissa lee is there. >> we've got a very big show as we close out the best quarter in about 11 years. our traders will give you the best plays for the fourth quarter. also we will look at the quarter's fallen angels. maybe they will be the next quarter's big winners. and from the bond market we'll give you the one alarm that could sound when it comes to the u.s. economy. the one indicator that the world's largest bond firm is looking at. all that and much more top of the hour at "fast." >> we'll see you in about five minutes. now to steve liesman. more on the developments out of that plan out of treasury. >> do you have a pen, maria i? want to go through how all this works. the treasury as we reported announcing the first two of nine agents that will go out there and buy residential mortgage-backed securities and commercial mortgage-backed securities using treasury equity and treasury debt along with their own equity in order to do this. here's how it works. you bring $500 million of

now let's go to the nasdaq marketsite. is there more on what's coming up top of the hour "fast money." >> it's been the best week for the market since late july but have we stalled out here? we'll head to the charts, give you the outlook specifically for the nasdaq as well as for one technology stock that will be on everybody's radar next week and that is research in motion. we've also got an exclusive interview with the labor secretary, hilda solis on the jobs recovery in america. and we'll talk google. is it headed to $500 next week? we'll bring in a top-ranked internet analyst for his take. all that and much more top of the hour on "fast money." >> see new five minutes. "business week's" list of the worlsd's most valuable brands sout. which company is on the top of the list, which brand is worth the most? we'll be back with those answers. you're watching cnbc. we're first in business worldwide. being developed by exxonmobil... to remove the co2 from the natural gas... so we can safely store it... where it won't get into

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee.mber begins and the selling starts. how do you protect yourself if this is the start of a correction? these guys got your winning plays. also on tap tonight, bears on parade. neural roubini, peter schiff, and david rosenberg, "fast" with the exclusive take tonight from three of the most notable bears on the street. that was supposed to be a bear. but first let's get to the word on the street. very deep sell-off -- oh, there they are. >> there they are. >> better late than never, right? but let's talk about the sell-off today, guys. this is the start of a correction. we have paul jones writing to his investors that this was a bear market rally, which may seem to indicate that this is perhaps over at this point. >> he's on his game. you know what, we like to say, stocks don't lie, people do. and i still think we're headed lower. you heard the comments out of wells fargo. i'm sure we'll talk about that in a couple minutes. but i think this is a prelude of things to come. i think we go dow

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee. stocks pulling back after touching 11-month highs last week. traders on this desk have the best ways to navigate these september swings. plus, michael dell with a blockbuster deal. we will break it down and tell you who's next on his buying list. and later, with their own bank stocks selling the most exciting financial play may just be in brazil. the ambassador will be bringing you that moneymaker a little bit later on in the show. but first let's get to the word on the street. and guys, you know, there really wasn't any reason to go up but we didn't go down either and that seems like a positive thing. >> very good news. >> we didn't go down. it's not like the s&ps would break below 1050. the dollar was strong, the commodity trade was off the table completely. oil was lower, gold was lower, copper was lower, and you know what, technology came-n technology saved the day today, pulled us off the lows. now when you look i want to see tonight what you do overnight. let's see how the emerg

. >>> live from the end zone marketsite this is "fast money." i'm mellesa lee.over day two in this rally in the ninth inning or have traders got the answer in plus will collapse? joe's got an energy trade p that's still working but first get our big after-hours' story, rim, sliding about a 9% after-hours. we're also watching another big tech story that's crossed within the past ten years and that is guidance from hewlett-packard. 2010 eps, saying nongap is 420 to 430. the estimate was 425. smack-dab in the middle and on the revenues $117, $118 billion. rim is the big mover there and so let's go straight toward silicon valley bureau chief jim goldman for the latest on research in motion. jim, what is taking the stock down? >> reporter: yeah you know this disappointing on so many levels as far as rim is concerned. but let's keep some perspectnif mind here because just about any other hardware company doing business today would kill for nease numbers. the company did beat on the bottom line. ask that $1.03 a share that we've been reporting versus the dollar expecta

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee. stocks are trading from 11-month highs. is this the end of the ride here? these traders have your ways to protect and profit regardless of what's going on. also tonight peter schiff joins us live just after entering the connecticut senate race this morning. you will not want to miss his economic plans for the hill. >>> plus, obama scraps missile shield causing tim seymour to fire away on the trade today. we'll review what it is a little bit later on the show. >>> but before all of that, get to palm's wild ride in the after-hours' session. right now take a look at the chart. earnings came in better than expected. second quarter forecast was a bit light and the company announcing news of a secondary offering. you see that iguess, moved lower and then higher. >> volatility. >> yes, it is. thank you very much, joe. i was scratching for that word, volatility in the after-hours' session. go straight to jim goldman, he's our silicon valley bureau chief, he's going to break down the numbers.

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee.ng a late rally but the big gorilla is looming tomorrow. will tomorrow's jobs report spark a september sell-off? tech and profit about also on tap for this big thursday show, guy adami, the negotiator tries to stay positive and finds winning trades in the temporary stocking sector. charlie gasparini with the man with the kevin-up bottle will swing by and all over this emerging gold breakout but first to the "word of the street." i again am not going to make a mock of this 63-point on the dow but financial, financials they did work today. we had some doubts yesterday as to whether or not people would come in and buy the dip. today it looks like they actually did, tim. >> well, you know the ism numbers first of all the bigger part of our economy which is nonmanufacturing are very good. mortgage rates are coming down. making it easy to pay these loans. same-store sales. it gave you a sense the consumer wasn't as bad off. it all added up to a day where i think mostly it was about a lack of

. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee.he "fast money" traders. the market snapping a two-week winning streak as economic data disappoints. is this the start of a bigger correction? our traders have the answer. and it was the biggest week for ipos in about a year and a half. but are any stock market movers worth buying? we'll answer that question. plus rimm falling 17% today but one analyst is sticking to his guns and says it is still a buy. we'll see about all the others on the street. don't seem to see any more pop first let's get to the word on the street. we should note that we are awaiting president obama to make some comments on the heels of that g-20 summit in pittsburgh, pennsylvania. when he begins speaking, which is anticipated to be at around 5:15, we will go to him live. but in the meantime we do want to discuss the big market turnaround today, this week in fact. guy, you have earned the moniker debbie downer -- >> justly so. >> and this week it seems you're not r-o-n-g. >> i'm not r-i-h-t either. you know what

. >>> we're live at the nasdaq marketsite. time for some options action. we thought the dash for trash had subsided. shares of aig spiking today, intraday up about 20% as former ceo hank greenberg proposed a new relaxed plan of the government's bailout. also that representative edolphus towns who got the mammoth pecan e-mail he actually said we should consider hank greenberg's proposal. that sent the shares higher. jon najarian co-founder of optionmonster.com, seeing unusual options activity in this name. which call strikes did you see the activity in and where do you think it's coming from, jon? >> well, just what you addressed about representative towns. hank greenberg apparently proposed to mr. towns cutting back on the interest rates that they're paying right now. cutting back on the government stake, which is right now at 80%. and the term, or the -- how long it would be that they have to pay back that money, doing all that of course wasn't a slam drunk and isn't a slam dunk still, but investors certainly liked the fact that aig was behind it. i mean,

. >>> i'm melissa lee at the nasdaq marketsite.ing up tonight on "fast money," apple was the event of the day. wonder what steve jobs is thinking right now? well, we will find out. "new york times" columnist david poeg sat down with him this afternoon, and he'll join us on "fast" with what jobs was thinking about the new ipod launches. also, we've got a pop stock first on cnbc. underarmour ceo. that stock was up 7% today. melissa francis will join us live from vienna, austria with the comments from top opec officials. all that and much more top of the hour "fast money." but first, more "closing bell" right after this. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at all kinds of stocks before i settle on one. tdd#: 1-800-345-2550 if i think i'm onto something i'll check it out, tdd#: 1-80

fedex express >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee.guys are ready to tell you where the fast money was playing today. also tonight, rick santelli gives his always loud, always provocative view of the fed. later on "options action" a stock that was lighting up traders' screens everywhere. should it be on your screen? but first let's get to the word on the street right now. and it seems right now that we have to follow the dollar in a sense because a lot of the market is dependent, about 18% of the market is dependent on the direction of the dollar. >> well, follow the dollar. follow essentially where risk compression has taken assets to, and people are a lot more comfortable now than they were coming into monday about what the fed's going to give us tomorrow, what the g-20's going to give us. they have no place to go in terms of pulling in stimulus. they can talk all they want. that was the digestion of this. we're going to maybe show a chart on the dollar in a little bit. but the reality is if the dollar continues to weaken and not onl