live from the nasdaq markets and time square, i'm melissa lee. traders are tim seymour, steve grasso, brian kelly and goid. tonight the best smartphone on the market for apple, the stock still closed lower. we'll tell you what that has investors so nervous. and xi jinping and president obama having a meeting in washington today. we have the four stocks that are telling the real story of what is going on in the chinese economy. but first to the story that could have serious implications for stocks. the biotech bear market. falling into bear market territory and at one point the shares have the worst day in four years on record volume and falling below the flash crash close. so guy, is this a broader problem for the market. >> it is a big problem for the biotech market. ibb trades down 5% and tim talked about 285 being a left on last night's low and then i think you have something that favored kyle bass in the after market. hillary clinton's remarks this week. all point to these things continuing to go lower. people are selling the etf which drives

live from the nasdaq marketsite overlooking new york city's times square i'm melissa lee. traders on the desk are steve grasso, david seaburg, brian kelly and guy adami. the surprising sector that could rally if the fed hikes rates. ceo tim cook in the spotlight next week for apple's big event. one analyst says he's about to do something he promised he'd never do. we'll explain this later this hour. but we start off with our top story tonight, that is the stock market getting slammed again. the dow and s&p closing back in correction territory. the dow losing about 270 points. all three indices down about 3% for the week. if we are to take solace, though, in today's action, guy adami, it would be that we finish well off of our session lows. >> what, about ten s&p handles or so. at one point we traded back up to 1930. that is, i guess, a good thing if you want to play that game. i don't think it means all that much. i will say this, though. steve grasso's levels have held up. he'll talk about them in a bit. 1970 has been a bit of a pivot point. yeah, we traded through it. bu

that is what [ inaudible ] is watching. >> i'm melissa lee. you back here 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 is always a bull market somewhere and i promise to hell you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramer-america. other people want to make friends, i want to make you some money. to teach, coach and putner perspective. call me on tweet me at jim cramer. so long september. good-bye to a horrendous third quarter. where the markets declines almost

overlooking new york city's time square, i'm melissa lee. tonight, facebook amazon netflix, google all soaring into the afternoon. did the fed put the bite back into fang? janet yellen sounding the alarm on emerging markets in china, in particular. did the fed change the em landscape and is now the perfect time to get in? we'll start off with the fed chickening out, kicking the can down the road. we don't know how long that road could be. steve liesman is live in d.c. with all the details. how do you interpret janet yellen's language? >> i think what she is say ig she is going to give it time to let the economic developments and financial developments work through the system and the economic data and give themselves more time to be more confident in the outlook. this was the historic fed meeting that wasn't. we thought they might raise rates. it's about a 50/50 shot. i want to share the operative phrase. "recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure

live from the nasdaq markets overlooking time square, i'm melissa lee. tonight on fast, the iphone 6s is here on set and has one interesting feature that could be a game-changer for the stock so we provide the test to show you how big of an impact it may have on the space. >>> and plus hillary clinton speaking on rising drug prices moments ago. did she say anything to stop the bleeding in the biotech route. >>> but first to the selloff on the street. stocks down 1% as investors weigh global growth and the fed decision. so how much worse is the selling going to get. what does it feel like guy? >> it feels like it wants to test the october 14th low of 1820. 1970, steve's level has held up. when can he did trade through it we mentioned 2035. the rally a couple of days ago took us to 2020, the fed day and we sawed off immediately. technically this market has done everything you wanted to do. i think we're heading down toward 1820. nothing indicates we're due for a bounce. all of the bounce is sold. all of the rhetoric out of central banks is discounted and i

i'm melissa lee. the traders are tim seymour, brian kelly, and guy aamy. bonds on the volatile market this year. and where alibaba might head for the doors. herb greenberg weighs in. but to the top story of the day. apple is on pace to beat the iphone first week record. and while that may sound good, it is what they did not say that has the street talking. let's get to the story with josh lipton with the details. josh? >>. [ technical difficulties ] >> apparently we're having some audio issues but the critical thing is last year, when they went into sales of the iphone 6 they did release the number and this year they did not release the number. should we draw any conclusions? >> we're splitting hairs now? >> really? >> i think they could smoke people on terms of the phone. it is all about the phone. and i think the stock has traded particularly well. and we talked about it a couple of weeks ago and i pushed back and said they are mutually exclusive. and you stay long against 103.5 and which is what we saw on august 24th and 25th. i think you have a defined

that is what makes markets. >> i'm melissa lee.row at 5:00 for >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there is 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 make you a little money. my no job is not just to entertain, to teach and educate. call me. 1-800-k3w4r0e6r cnbc. the dollar jumped versus the euro. causing the market to get crushed. oh, wait,

"fast money" with melissa lee begins right now. >> thank you, kelly. cnbc's breaking coverage of the sell-off continues. i'm melissa lee. if you're just tuning in, it was a brutal day for stocks. the dow plummeting over 500 points at its low. the s&p, the nasdaq and the dow all closing down nearly 3%. and with that move the three indices are now back in correction territory. this was the worst start to a september in 13 years. so we asked tonight did today mark the death of the historic bull market? guy adami, what do you say? >> i don't know if today marked the death of it. i think we can go back last week and look at some of the price action last week. i think potential death of it was when the chinese came in i believe and devalued the won. that's a longer conversation not to have at this time but i think the pieces have been in place that sort of foreshadowed what's happening, not least of which, by the way, is the absolute crushing the commodities have been under. the weakness in the transports we've seen since the fall. and finally the russell, t

but all roads lead to google no matter what. >> i'm melissa lee.row at 5:00 for more "fast money." meantime, do not go >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. "mad money" starts now. i'm cramer. welcome to cramerica. my job is not just to entertain you but to educate you. call me at 1-800-743-cnbc or of course tweet me @jimcramer. i've gotten older. you probably can't tell that because we have excellent makeup people who daily

melissa lee, what is off the top. >> we're talking about gold. goldminers, your ticket to play. >> over to you guys. >> thanks, kelly, have a great welcome. "fast money" starts right now. live from nasdaq overlooking time square. our traders are tim, steve, brian and guy. tonight on "fast," the street is buzzing about a new article that said apple is closer to building a car than anyone thought. the reporter behind the story is here and he'll reveal what will have it coming sooner than you think. >>> and alibaba, one year later. the shares are below the ipo price and it could get much worse on monday. we'll tell you why. but first to the story of the day. >>> stocks tanking. closing lower by nearly 3 hub points. it is now back into correction trt. and the s&p and dow getting hit hard. 1970 was steve's level. i said, listen, now we should trade up to 2035. didn't make it there yesterday. but it got there close. i think we traded up to 2020. to me, and we talked about this as well, if the fed raises rates. >> the knee jerk would be down and the exa

i'm melissa lee. the traders are pete najarian, david, dan and guy adami.ood thing for tech stocks and we'll explain. and twitter close to making jack dorsey kae but the board that is in need of change. bob tech will be here to name nam names. >>> and the top story, the third quarter in the books. a rough quarter as the major indices all rally. down 7%. the question tonight is simple. what are you doing for the fourth quarter. guy adami,

i'm melissa lee. for more "options action" check out the website "options action".cnbc.com. >> announcer: the following is a paid program for the new t-fal optigrill plus, brought to you by groupe seb usa -- innovative ideas you can't live without. how do you like your steaks -- rare, medium, or well-done, but juicy? whether you love tender, juicy grilled chicken or mouthwatering grilled salmon, there's nothing quite like the taste of perfectly grilled food. but grilling it right is never easy, undercooking your meat can be dangerous, and overcooking makes it dry and rubbery. you never get it just the way you like it -- until now. introducing the new, improved t-fal optigrill plus, still the first and only patented indoor grill with builtte

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i'm melissa lee for more "options action," check out cnbc and inside "fast money." see you back here next friday a got the ceo of netflix coming up next. >>> my in additimission is simp 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 just want the end of this day. my job is not just to entertain you but to educate and teach so call me or tweet me @jimcramer. can we please, please, please take a break from the fed guessing game for at least a couple of days? would it be so terrible to focus on the real prize? buying the stockf

i'm melissa lee. check out the website, optio optionsaction.cnbc.com. don't go anywhere. a very special edition of "mad money." jim's got the ceo of netflix coming up next. >> announcer: the following is a paid presentation for derm exclusive instant anti-aging, brought to you by beachbody. >> hi, everybody. i'm deborah norville. and i've got breaking news from the world of skincare. this time, there's a celebrity twist. keep watching. you are not gonna want to miss this. [ cheers and applause ] >> announcer: if you don't like the face staring back at you in the mirror... >> my skin was sagging. really heavy bags under my eyes. >> announcer: ...if age, sun, stress, and life have robbed you of smooth, young-looking skin... >> i don't want to go and get injections, but i thought that was the only choice i had. >> announcer: ...now there's a doctor-approved way to look up to 10 years younger in just minutes with a breakthrough in age-reversing skincare -- a simple at-home skin-rejuvenating system called derm exclusive, featuring the instant wrinkle-fighting miracle fill & fr

i'm melissa lee. thanks so much for watching. for more "options action" check out the website.therwise have a wonderful labor day weekend. do not go anywhere. "mad money" with jim cramer starts at the top of the hour. >>> 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 just trying to save you money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. nobody -- i repeat noek nobody

live from the nasdaq marketsite overlooking new york city's times square i'm melissa lee.the desk are steve grasso, david seaburg, brian kelly and guy adami. the surprising sector that could rally if the fed hikes rates. ceo tim cook in the spotlight next week for apple's big event. one analyst says he's about to do something he promised he'd never do. we'll explain this later this hour. but we start off with our top story tonight, that is the stock market getting slammed again. the dow and s&p closing back in correction territory. the dow losing about 270 points. all three indices down about 3% for the week. if we are to take solace, though, in today's action, guy adami, it would be that we finish well off of our session lows. >> what, about ten s&p handles or so.

"fast money" with melissa lee begins right now. >> thank you, kelly. coverage of the sell-off continues. i'm melissa lee. if you're just tuning in, it was a brutal day for stocks. the dow plummeting over 500 points at its low. the s&p, the nasdaq and the dow all closing down nearly 3%. and with that move the three indices are now back in correction territory. this was the worst start to a september in 13 years. so we asked tonight did today mark the death of the historic bull market? guy adami, what do you say? >> i don't know if today marked the death of it. i think we can go back last week and look at some of the price action last week. i think potential death of it was when the chinese came in i believe and devalued the won. that's a longer conversation not to have at this time but i think the pieces have been in place that sort of foreshadowed what's happening, not least of h,

. >> i'm melissa lee. see you back here 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 is always a bull market somewhere and i promise to hell you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramer-america. other people want to make friends, i want to make you some money. to teach, coach and putner perspective. call me on tweet me at jim cramer. so long september. good-bye to a horrendous third quarter. where the markets declines almost 10% and every rally was a trap. a soccer's -- sucker's game. dow gaining and s&p growing and nasdaq growing 2.3%. we didn't see a lot of buying today. we saw an absence of selling. a pause in selling can take us higher but not so high it is worth plupging in with both feet. that's because we are in a bear market. it is like a fever. it does run its course. this is my ninth bear market in 35 years of investoring. and [ inaudible ] was

. >> i'm melissa lee, thanks for >>> my mission is simple. to make you money. going to level the playing field for all investors. there is always 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 make a little money. my job is not only to entertain you but to educate and teach you. so call me. or tweet me @jim cramer. tonight i want to take a step back and talk about the big picture. my ultimate goal on this show is to teach you how to become

. >> i'm melissa lee. see you tomorrow at 5:00 for more "fast money." meantime, do not go >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. "mad money" starts now. i'm cramer. welcome to cramerica. my job is not just to entertain you but to educate you. call me at 1-800-743-cnbc or of course tweet me @jimcramer. i've gotten older. you probably can't tell that because we have excellent makeup people who daily make me into brad pitt, if they have the time. otherwise they go all bradley cooper on me. i'm fine with either. i don't want the girl. i want the stock. but along with my aging has come a change in the way i look at things, a change in the way we talk about stocks on "mad money." we still like to highlight stocks pretty much every night. but we do so now within the broader framer of how to analyze stocks, how they fit in, how they can make you money and how they can hurt you. despite the terrific run stocks have had from the bottom, we've developed tremendous respect for the downside on "mad money."

melissa lee is joining us from the nasdaq.ment but first let's get to the overall market sell-off. mary thompson is on the floor of the new york stock exchange. we have rick santelli in the bond pits of chicago. mary, just a continued day in a weak streak for stocks. >> it certainly is. the dow close to the lows of the day as we speak and also the s&p joining the dow and the nasdaq in correction territory right now trading below that 1900 mark in today's session. a session marked by concerns about what we saw as a sell-off in europe, concerns about a decline in chinese industrial profits and, of course, the weakness in the commodity space that we are seeing today even as the dollar pulls back. that's not giving a lift to any commodities today. s&p off 2.4%. the russell breaking off what some people call the key psychological level of 1100. now off 2.75%. quick check of the sectors driving the markets lower today. health care remains under pressure on concerns about price gouging, et cetera. this has been a group along with bio

. >> i'm melissa lee, thanks for >>> my mission is simple. to make you money. i'm going to level the playing field for all investors. there is always 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 make a little money. my job is not only to entertain you but to educate and teach you. so call me. or tweet me @jim cramer. tonight i want to take a step back and talk about the big picture. my ultimate goal on this show is to teach you how to become better at managing your money. not just investing, but every aspect of your financial life. and sometimes that means we need to take a deep breath, step back from the day-to-day nitty-gritty of the market and no cuss on the educational side of things what i call investing 101 honestly, if any university was ever crazy enough to give me tenure, i could teach an entire semester's worth of classes on just the basics. but, of course that, presupposes that any institution of higher ed

and this is melissa lee. tonight on "fast," we're less than 24 hours away from the biggest fed decision in years and if the fed does not raise rates we'll tell you where black rock is putting the money to work. and carl bass and the ceo of that company is ready to speak on take on bass. he joins us for a first interview. but first to the biggest move in the markets today. >>> that would be crude oil. soaring. setting up 6% on the day. price getting a boost on the news. u.s. inventory fell for the first time in three weeks and report that u.s. tops are trading rebels in syria. so what does the oil move mean ahead of the fed decision tomorrow. >> well actually, i think the oil move could go higher, into october. we have a couple of things that support oil. the geopolitical events, and number two position, everybody was short and bearish. coming into october, companies are at a point where they are going to renegotiate the debt deals. and what that means, if i'm an oil executive, i want to cut production and get

overlooking time square, i'm melissa lee. pete najarian, steve, and guy adami are on the desk. tonight on "fast money." tesla's moment of truth. the first delivery of the model x is happening tonight and phil le beau is on the scene with the details. >>> and google just announced something that could have other investors nervous. we'll tell what you that is later on. >>> but first tonight's largest story. the largest stock in the s&p rolling over hard. shares of apple dropping 3% and it is lower. now negative on the year. question, did the market just lose apple and what could that mean for the selloff? pete, what do you say? because it was a selloff in the whole session. >> right. and including the early part of the day, this stock was in positive territory. and then we start to sink toward noon and the selloff begins. and you wonder are these folks with profits in certain areas and taking some of the profits off the table because they are getting hurt in other areas. i really didn't see anything specific out there. yes, google has a competitor, a phone that undercut apple. ap

. >> i'm melissa lee. thanks for watching, see you >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there is 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 just trying to save you some money. my job is not just to teach you, call me or tweet me @jimcramer. this morning, my partner david faber, we were doing our mad dash segment as we do every day near the bell, i started out by saying, "boy do i hate this market." judgment would make sense when you consider the dow dropped another 180 points t. nasdaq knowsdived a percent-and-a-half and david perfectly played the gate to my frustrated yag. i hate this market. i hate this market! okay. it's just awful! >> chayet a strong word. >> hate. >> you dislick. >> i dislike it. there are sectors, though, that i do like. >> he couldn't be more right. i am no cheerleader for stocks. obviously. despite what a fed official recently said about me on "s

. >> i'm melissa lee. see you back here tomorrow at 5:00 for >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there is 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 make you a little money. my no job is not just to entertain, to teach and educate. call me. 1-800-k3w4r0e6r cnbc. the dollar jumped versus the euro. causing the market to get crushed. oh, wait, now hold it. no, that actually was good for the market t. dow gained 126 points t. s&p climbed 4.6%. nasdaq advanced 0.4%. how did these terrible things suddenly become good for stocks? this market is trying to find a footing where it doesn't go down every day and segments hard hit can be ready to rally. it's finding its footing in all the wrong or ignorant places. the fed kept interest rates low. banks need higher rates to make more money after your depositles. the stocks got dumped. it doesn't matter at all to pe

live from the nasdaq markets overlooking time square, i'm melissa lee.hone 6s is here on set and has one interesting feature that could be a game-changer for the stock so we provide the test to show you how big of an impact it may have on the space. >>> and plus hillary clinton speaking on rising drug prices moments ago. did she say anything to stop the bleeding in the biotech route. >>> but first to the selloff on the street. stocks down 1% as investors weigh global growth and the fed decision. so how much worse is the selling going to get. what does it feelik

live from the nasdaq markets and time square, i'm melissa lee.asso, brian kelly and goid. tonight the best smartphone on the market for apple, the stock still closed lower. we'll tell you what that has investors so nervous. and xi jinping and president obama having a meeting in washington today. we have the four stocks that are telling the real story of what is going on in the chinese economy. but first to the story that could have serious implications for stocks. the biotech bear market. fallin

i'm melissa lee. tim see more, steve grasso, karen finerman and guy adami.orts to build a car and that has tesla motors slamming the brakes. what has them scared. >>> and some believe the s&p is going to rally 13% by the end of the year. which stocks lead us there. >>> but first price gouging. hillary clinton taking to twitter saying, quote, price gouging like this in the specialty drug market is outrageous. tomorrow i'll lay out a plan

overlooking new york city's time square, i'm melissa lee.ht, facebook, amazon, netflix, google all soaring into the afternoon. did the fed put the bite back into fang? janet yellen sounding the alarm on emerging markets in china, in particular. did the fed change the em landscape and is now the perfect time to get in? we'll start off with the fed chickening out, kicking the can down the road. we don't know how long that road could be. steve liesman is live in d.c. with all the details. how do you interpret

i'm melissa lee.onight bring your attention to the xlv, the etf which tracks the health care sector, a popular trade on wall street these days. its hitting its intraday session low as we speak right now. the primary reason behind this is the downturn in biotech shares. the ibb is officially in bear market territory right now. it is down by almost 4%. >>> meantime, president obama wrapping up a joint news conference with the chinese president. michelle caruso-cabrera is there with the latest. michelle? >> hi there, melissa. right now there is a state luncheon hosted by john kerry secretary of state and vice president joe biden ahead of the big black tie state dinner tonight. the big event of the day was the joint news conference as you talked about where president obama announced there is an agreement related to cyber espionage between the two countries saying specifically they've agreed neither country's government will conduct or knowingly support cyber enabled theft of intellectual property includin

i'm melissa lee. thanks so much for watching. for more "options action" check out the website. otherwise have a wonderful labor day weekend. do not go anywhere. "mad money" with jim cramer starts at the top of the hour. >>> 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 just trying to save you money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. nobody -- i repeat noek nobody likes to be disciplined. they don't like to be admonished or follow the rules. i don't blame them. i was a rambunctious kid myself when i started to manage my own money. when i learned the rules i spurned them because they cut off my upside. even if they cushioned the inevitable downside. in other words the rules kept me from making a huge amount of money when things were going gang busters in order to keep

. >> i'm melissa lee. see you >>> 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 brought to you from cnbc one market. other people want to make friends, i'm just trying to save you some money. my job is not just to entertain but to educate and teach. call me at 1-800-743-cnbc or tweet me. the fed gets it! the fed recognizes that if there's no inflation, if there's worldwide uncertainty, if there's no real risk of keeping interest rates low right now, then they should stay low. that's why the stock market initially greeted the stay put decision with such applause. dow rallied 193 points before the averages pulled back late in the day as traders rang the register, dow closing down 65 points, s&p declining .26% and the nasdaq advancing .1%. remember, i told you we were likely to see a post-fed meeting selloff even if they held off on a rate hike. in part beca

i'll melissa lee. thanks for watching. see you tomorrow. don't go . . >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere. i promise to help you find it. "mad money" starts right now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you money. my job is not just to int tab but educate and teach. call me or tweet mere @jimcramer. every night, i tell you what happened during the day, why it happened and what you can do with the information. i do it to help you be a better do-it-yourself investor or better client. i do it with a spectacular team of people headed by executive producer, ra scree na gill gus and help of dozens of people responsible from all the look and feel of the show to the researchment we have a team that help helps me with memo and a head writer that has been our only writer since inception, cliff mason. my sister, nan and her husband, todd's son. my nephew. the

. >> "fast money" is up right now, melissa lee. >> "fast money" does start right now. live from the nasdaq market side overlooking "new york times" times square. our traders, tim seymour, steve sawgrasso, karen finerman and guy adaem. biotech stocks are pleading and could spell doom for another group of stocks. we'll tell what you they are and what do tim cook and lebron james this in common? one analyst pounding the table and he'll be here to explain what's got him so excited and carter worth is here with a massive call on the market that's sure to have everybody questioning everything about stocks right now and tonight a major selloff on wall street, the dow falling more than 300 point. all three major indices closing near their lowest level since august 20th, but there was something different about today's selloff. names like starbucks, nike, home depot, stocks that were market leaders until now all getting hit across the board. is the this loss of leadership a major turning point here for the stock market? guy, what do you think? >> it is a turning point, absolutel

live from the nasdaq markets and live from time square, i'm melissa lee. tonight volkswagen may be dominating the headlines but there is another german giant showing serious signs of strain and could have big implications for your portfolio. and casino stocks tumble. but it miets be time to double down on one and we'll tell you who later. >>> but first the stock that could ruin the hottest trades of the year. nike set to report in less than 24 hours. a big component of the crowded consumer discretionary sector and that has been the best performing groups of stocks. so if nike breaks down tomorrow, could that trade be ruined. and pete, i go to you first. because this reminds me of the bar we had for disney and everybody thought it was impossible that they missed and what happened, selloff in the media space. >> right, to your space. is china that huge of a factor. i think that is everybody's biggest concern. but that is only 10% of the sales. when you look at nike, look at the upgrades, like a finish line. and know you were talking about that earlier in the

i'm melissa lee for more "options action," check out cnbc and inside "fast money." see you back here next friday a got the ceo of netflix coming up next. >>> my in additimission is simp 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 just want the end of this day. my job is not just to entertain you but to educate and teach so call me or tweet me @jimcramer. can we please, please, please take a break from the fed guessing game for at least a couple of days? would it be so terrible to focus on the real prize? buying the stocks of companies we like for the long term when they're being pulled down by short-term considerations? worries like the one generated by the fed meeting yesterday. yes, yes, the averages got hit today. dow sinking 290 points. s&p plunging 1.6%. nasdaq falling 1.4%. hideous! but just remember how badly we could have been crushe

live from the nasdaq marketsite overlooking new york city's times square -- i'm melissa lee. our traders on the desk are tim seymour, brian kelly, karen finerman, and dan nathan. coming up apple shares are doing something they haven't done before heading into an apple event and it's got some am fans very nervous. plus one big bank taking it on the chin but warren buffett sees value in it. normally stocks would be our lead. we did have a nice market rally. but we've got some breaking news out on yahoo! this hour. josh lipton's got all the details. >> melissa, you take a look at yahoo! stock down so hard year to date and part of that was this confusion of whether yahoo! would have to pay taxes on this proposed spinoff of its stake in alibaba. remember that's a 15% stake worth about $25 billion. the irs, it sounds like now, has indicated it's not going to issue a ruling on these plans. that's the headlines dropping here. not clear exactly what that means for yahoo! going forward, but yahoo! does say listen, they're going to continue to work on this spinoff plan. we'll keep you p

melissa lee, what are you guys targeting? >> there was a notable stock that sat out today's rally, kelly, and that would be the n in fang. netflix. finished the day lower by a third of a percent but it had been down as much as 4. we'll get the trade behind that outlier today. >> defanged. over to you guys. >> "fast money" starts right now. live from the nasdaq marketsite overlooking times square i'm melissa pleep your traders on the decemberric tim seymour, steve grasso, brian kelly and dan nathan. tonight on "fast" netflix's rough week. the stock has dropped more than 10% since monday as the competition among the streaming heavyweights heats up. but is the real challenger now coming from hulu? we've got a special report. plus the man who called the collapse in gold is back again, and this time he's gotten an even bigger prediction for oil. we'll tell you where he sees the volatile crude trading heading next. but first to the rally we saw today stocks closing sharply higher recovering from the worst start to september in 13 y

live from the nasdaq marketsite overlooking new york city's times square -- i'm melissa lee.ders on the desk are tim seymour, brian kelly, karen finerman, and dan nathan. coming up apple shares are doing something they haven't done before heading into an apple event and it's got some am fans very nervous. plus one big bank taking it on the chin but warren buffett sees value in it. normally stocks would be our lead. we did have ni

melissa lee is at the nasdaq. thanks for joining us on this 9/11 remembrance day.ts right now. the goldman sachs today suggests that oil could fall to perhaps as far as it the $20 a barrel range. oil has not been at those levels since all the way back to 2002. the man whose team wrote that note, jeff currie, is your exclusive guest in a few minutes. even if the worst case scenario doesn't happen and oil maybe falls just a couple bucks, financials could be in serious financial trail which could lead to more deals as big money comes in to snatch up as they view as undervalued assets. what are those assets? senior analyst with thompson reuters has crunched some numbers and they are out with a new note today suggesting some companies who could be potential takeover targets. sri, thank you for joining us. . to you and your numbers, who looks vulnerable to a deal? >> thanks, brian. so the oil and gas sector in general, the energy sector in general looked very vulnerable for m and a activity. for the last several years companies have invested so much in capital expenditur

just joining us, i'm brian sullivan with melissa lee. right now the dow is down nearly 400 points, 378 to be exact. the s&p 500 and the nasdaq each down more than 2% as well. china cited as the big reason and crude oil is down $3 a barrel to back under $46. no doubt it's been a bad five weeks for stocks, but to mandy's point, a wall street firm recently dug out some really interesting data on what happens to stocks at end of the year when we sync in august. you'll want to hear it and coming up for you in just a bit. and right now it's a very busy tuesday and let's back down to the new york stock exchange and start about bob pins on the floor of the nyse. bob? >> bottom line is we gap down 2% right at the open and essentially have moved sideways throughout the day and drifted lower and not far from the lows. take a look at the s&p 500. volume today is on the heavy side, not as heavy as last week and still pretty heavy and we set a series of weak rallies and weak selloffs and that's the way it is. let me show you the sectors. i'm most conf

live from the nasdaq markets and live from time square, i'm melissa lee.y be dominating the headlines but there is another german giant showing serious signs of strain and could have big implications for your portfolio. and casino stocks tumble. but it miets be time to double down on one and we'll tell you who later. >>> but first the stock that could ruin the hottest trades of the year. nike set to report in less than 24 hours. a big component of the crowded consumer discretionary sector and that has been the best performing groups of stocks. so ifik

. >> "fast money" is up right now, melissa lee. >> "fast money" does start right now.om the nasdaq market side overlooking "new york times" times square. our traders, tim seymour, steve sawgrasso, karen finerman and guy adaem. biotech stocks are pleading and could spell doom for another group of stocks. we'll tell what you they are and what do tim cook and lebron james this in common? one analyst pounding the table and he'll be here to explain what's got him so excited and carter worth is here with a massive call on the market that's sure to have everybody questioning everything about stocks right now and tonight a major selloff on wall street, the dow falling more than 300 point. all three

melissa lee is at the nasdaq. the dow is higher by just over 100 points. the federal reserve is big and we will have much more on that. but in the past few hours we've gotten a new top story. the big move in oil and it's been driven by reports of american special forces operations helping out kurdish rebels in syria. more on that in a moment, but let's see what oil is doing. >> giving up a little bit of the gains we saw earlier today but still up by $2, wti that is. this is a big story pushing oil prices higher. as soon as traders here u.s. boots are on the ground in syria, of course, prices start to move up. there was some technical buying as well when we broke through that $46.50 range. i will highlight that defense officials are saying that it's an advise and assist role only at this point, but, of course, because of the migrant crisis, the news coverage of this situation has been very severe as well. so we're watching that. at the same time we had that iea bullish report this morning. i covered some of those points earlier. that's also sending crude hi

melissa lee, what are you guys targeting?table stock that sat out today's rally, kelly, and that would be the n in fang. netflix. finished the day lower by a third of a percent but it had been down as much as 4. we'll get the trade behind that outlier today. >> defanged. over to you guys. >> "fast money" starts right now. live from the nasdaq marketsite overlooking times square i'm melissa pleep your traders on the decemberric tim seymour, steve grasso, brian kelly and dan nathan. tonight on "fast" netflix's rough week. the stock has dropped more than 10% since monday as the competition among the streaming heavyweights heats up. but is the real challenger now coming from hulu? we've got a special report. plus the man who called the collapse in gold is back again, and this time he's gotten an even bigger prediction for oil. we'll tell you where he sees the volatile crude trading heading next. but first to the rally we saw today stocks closing sharply higher recovering from the worst start to september in 13 years. the nasdaq o

live from the nasdaq marketsite overlooking new york city's times square, i'm melissa lee.raders on the desk are tim seymour, pete narnlgarrian, karen finerman and guy adami. tonight on "fast," marissa's last stand. the tax-free spinoff of alibaba up in the air could ceo marissa mayer's days in the front office be coming to an end sooner than you i? plus apple just did mcsteve jobs said they'd never do. first to the market sell-off. the celtoff intensifying ending lower than