i'm deirdre bosa in for melissa lee. tim seymour, karen finerman and jeff mills and hello, everyone thrilled to be here. we might as well get right to it markets losing steam in a big way at the end of the session with the s&p closing near the lows of the day. all three major indexes snapping three-week winning streaks strong results overshadowed by inflation concerns the latest data shows the inflation expectations at the highest level in 13 years, guys. so does today's action raise a warning sign for stocks? tim, let's start with you. how are you reading this going into another busy earnings week? >> well, first of all, deirdre bosa, you know, welcome to the show and i think we now have to -- because we have nicknames and i think we need to crown you as deebo. i think this is from the ambassador or from the icebreaker, bonin and eisen or from the chairwoman, karen finerman welcome to the show. we have been talking all week about some of the disconnect between the headline indices and where you're seeing an approach to

>>> i'm melissa lee, and this is "fast money. one of the hottest ipos in the year falling in its first day of trading. we're breaking down the action of robinhood tim draper with his take >>> despite a bomb of a gdp, and later a streaming smackdown. sca sca scarlett johansson sues disney. >>> let's get straight to deirdre bosa, who has the details. >> melissa it's that top-line miss, and its revenue guidance for the third quarter that has that stock sinking in the afterhours. i also just off the phone with amazon's cfo he said the step-down in growth is likely to persist for the next few quarters. of course, last year during the pandemic he said once he lapped growth on may 15th, see the business growing mitt teens perks. he also said that they are still aiming to return to the office in september and amazon will not be mandating vaccines this is a bit of a depar, but keep in mind amazon is the second largest private employer in the united states a vaccine man dade from the company would be a much bigger deal, perhaps also tricki

i'm melissa lee. tonight on "fast" amazon amazes, the stock soaring to a new all-time high as andy jassy takes over as ceo. >>> plus china takes time, shares of dd and other tech stocks plunging as beijing turns up the heat. we'll break that down and later we've got a fast pitch coming your way, a guest trader is taking the mound to throw out her best idea why she is calling this energy stock a health esg play we start off with a roller coaster ride for the ride, the s&p closing well off its low are fos lows of the day, the dow dropping more than 200 points and the nasdaq eked out a new level. what are yields telling us about the market here? dan, what do you think in. >> i think they're telling you that expectations got way too high at some point in q23 >> for the economy >> for the economy, reopening, global reflation, the fact there would be in some way kind of all happen at the same time and we're going to get to pre-pandemic levels and start to think about valuations on a normalized bases both pa

live from the nasdaq market site overlooking new york city's times square this is fast money i'm melissa lee. tonight fast we are all over the after hours shares of whirlpool, texas instruments all three stocks on the move, right now we're taking you inside their quarters straight ahead. >>> plus, the bitcoin brain trust, what elon musk, jack dorsey and cathie wood said today that sparked a new rally in crypto land. >>> getting real, the real, real rallying on the back of a big upgrade. one of our traders sees even more upside ahead of this stock. we'll break that down. first we start with another higher move far markets. stocks rallying in the close recouping all of monday's losses and this week's wild swings, got our traders flagging some eye popping moves. our traders have come up with the three most ridiculous charts in the market. so we kick it off with the ten-year yield falling as low as 1.13% yesterday morning before rebounding all the way back up to 1.3%. guy, this was on your radar. >> yeah, and we've been together a long time now, and i think you realized pretty quickly i'm not th

i'm deirdre bosa in for melissa lee. here's what's an tap tonight >> you can have a coke, but can you have a smile carter worth thinks so the consumer staples giant on deck to report next week and we'll show you why and how to play it >>> then -- tonight, we're taking more of your twitter questions. but first, tony zhang is going to show you how to trade twitter itself >>> finally -- moderna being called the tesla of drug makers. that's a lot to unpack, but mike khouw is going to take a shot at it it's time to risk less and make more "options action" starts right now. >> coke out with quarterly results next week. like the consumer sibling pepsi it could be poised to pop. carter worth, explain. we were talking about in the opening trade. just a little more on the go drinks >> that's right. well, thank you, deirdre i think the set-up is quite good in the sense that we're looking for a macro catalyst or back drop that's positive and we have that there's a very defensive tilt to the market right now interest rates are down a

in for melissa lee.e is what's ahead >> earnings season begins next week with venerable institution that is could foretell the fate of our economy, but they're not the banks you may be thinking of carter wirth explains. >>> then, could the summer travel season officially under way, a covid variant gaining steam, we're assessing the best of the airline industry. >>> plus, hold your hedges professor kho explains why you should keep your hedge on and how not to be caught in an over hedge thorn bush it's time to risk less and make more "options action" starts right now. good friday evening or friday afternoon if you are scorching out west let's get right now to it on "options action" because some expect earnings this quarter to be red hot as well. and while we love to focus on all of the big names here on cnbc, the names you know, carter says there is one under the radar name that may be as good a tell as any and it is not a name you would normally think of. the chart master carter explains >> a huge name, f

you may want to know what it means for one major sector of stocks ahead hello, i'm brian in for melissa lee tonight. most known for combining the words play and trade into some word i made up in the intro. your trader lineup they're lean and mean and ready to go. steve grasso, pete najarian and grasso, congrats one wild week. do you remember monday's market meltdown the s&p dropping more than a percent and a half the dow down over 900 points, nearly every stock slower. you say you don't? neither do investors because apparently we not only ended the week higher, but check this out, the s&p 500 up 4% from the monday lows and is now sitting at another record high 23 stocks in the s&p hitting a new all-time high today. names like advanced auto parts, paypal, pepsi, the nasdaq, and roper. the company not the nosily landlord and oh, yeah, the dow finished above 35,000 another big -- thank you for getting that for the first time ever. all of this as we get ready for a huge week ahead. some names you might have heard of apple, microsoft, amazon, alphabet, tesla, wow so steve grasso, of grasso globa

i'm melissa lee. andrew and becky are off today >> we are in times square. cleaned it up >> sweep of the area you made everyone do into the hotel. >>> let's chec

. >>> good morning welcome to "squawk box" here on cnbc i'm melissa lee along withoe

. >>> good morning welcome to "squawk box" here on cnbc i'm melissa lee along with joe kernen becky and andrew are off this morning. the dow right now yoright now by 454. nasdaq down 189 points check out the action in the dow futures over the past 12 hours you can see we started making the move lower at 2:00 a.m. eastern time a driver of this is the treasury yields we have watched this the past day or so. the big move lower in the 10-year yield. right now, we are at 1.26% this is the lowest level since february 18th. joe, you know, 1.25% is the two-day moving average >> i think, you said for 24 hours for a couple of days once it got below 1.6 and got to 1.5 -- we said it is 1.5 to 1.7. it hit 1.4 we thought something weird was happening. then it breaks 1.3 that gets your attention that is the biggest market in the world in terms of money involved oil factors into it. i think all of these things factor into it because they are influencing the view of the economy and like so many things, there's good and bad. i think too much stimulus could cause the fed to tighten that could be negative

. >> i believe our friends and colleagues on fast money, melissa lee and gang call it f-gagh, right?a look at whether those forward looking stocks are moving now with facebook, microsoft, amazon and alphabet, these numbers represent the current levels of the stock. now let's give you an idea contextually these are going to be forward price to earnings, so the price today and analyst expectations for earnings in the coming year. let's take a look at facebook, first of all if you look at this chart, currently facebook shares are trading at just around 24 times forward price -- forward earnings so 24 times. at one point in the past year, it was around 32 times so, yes, cheaper than it was at one point last year. that's the facebook chart. so yes, it's a discount. microsoft, let's look at that one because leon mentioned that one, as well microsoft at current levels is currently around 33 times forward earnings at one point over the last year, it was around 35 times so yes, a little bit of a discount from where it was i at the higher points for valuation for microsoft. so it carries there

>>> live from the nasdaq marketsite overlooking new york city's times square i'm melissa lee. guy adami, karen finerman, and intel, snap, and twitter intel and snap just kicking off and we are dialled in and ready to break down the big headlines. didi falling another 10% and the leading headline out of china that had investors slamming the brakes and later, gushing with opportunity. one top technician says it is time to hit the buy button on big oil and the two names he is hitting. we start with a pair of social climbers snap's call just getting under way and let's go straight to julia boorstin who has all of the details. julia? >> melissa, let's stat out with twitter with 74% growth and revenue and earnings per share more than double what analysts estimated and the user growth of 7 million was right in line with those expectations, but the company guided to higher revenue than projected and our range between 1.2 billion and 1.3 billion also saying that it expects head count along with total costs and expenses to grow 30% or more and that revenue will grow faster than those ex

i'm melissa lee. tim dan and karen and guy tonight on "fast," the great crack down continues china turning up the heat today. how our traders with protecting exposure and plus bitcoin breaking out, soaring above the $40,000 level. we'll brake down what is driving this big move and watching shares of intel, the ceo kicking off a webcast right now. we'll break in with any big headlines here we start with tesla. the stock is higher after posting a beat the company's call kicks off in less than 30 minutes from now. let's get straight to phil lebeau with more. >> this is the first quarter that the tesla's net income tops a billion dollars. easily beating the street on the top and bottom line. $1.45 and they expected 98 cents a share and revenue much better than expected. not a surprise $11.96 billion versus the estimate of $11.3 billion. that was in terms of revenue but it is the outlook that is getting a lot of attention specifically what is happening with the giga factories outside of berlin, germany and

i'm melissa lee tonight on "fast," we are awaiting pricing for one of the hottest ipos of the year robinhood numbers expected at any moment our teams working the phones will bring it to you as soon as we've got it we're tracking after hours action, shares of facebook, ford and paypal, we're breaking down the numbers. and later cme group ceo terry duffy joins us sexclusively. we'll talk to him about the rise of the retail investor and much more we start off with an earnings alert on facebook. that stock is lower after reporting results. the call is underway let's bring in julia boar sin wit with the latest. >> facebook's results soaring past top and bottom line expectations the stock is down about 4 hours after hitting an all-time high today on warnings about what is coming ahead, saying that in the third and fourth quarters they expect year-over-year revenue growth rates to accelerate significantly on a sequential basis. cfo david waner writing in the company's release, quote, we continue to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the rec

courtney reagan in for melissa lee. the's lineup, guy adami, tim seymour, dan nathan, and jeff mills. we're going to start off with the massive sell-off on wall street it makes the most sense because stocks plunging today. the s&p 500 dropping more than a percent and a half the dow posting the biggest loss of the year. every single s&p sector finishing in the red new fears over rising cases of the delta variant, putting the reopening at risk. investors rushing to safety, sending the yield on the ten-year treasury to the lowest level since february, below 1.2. so let's break down today's brutal sell-off. guy adami, what is your take on the day? what a way to start the week >> yeah, it's interesting. hi, courtney brutal, i understand why you would say brutal i get it worst day we've seen in quite some time. >> actually thought it was pretty orderly i think dan would probably act nj that as well. we talked before the show. it was necessary as well the technicians out there, i'm sure jeff and tim have thoughts be, the 4230

. >> i'm melissa lee, and guy adami, breaking down the pull back with morgan stanley's chief strategist mike wilson he has been calling for a selloff, we'll get his take on today's draw and what happens next and baba down 10% in a week. one of our traders has longed this name, why they are hunkering down for the long hall, and twitter taking a tumble, the stock down 3% today. we'll talk about that with cfo let's get to meg tirrell with details. >> pfizer giving an update on its strategy around potential booster shots that might be needed against covid-19. they're saying while it looks promising just to give a third potential booster of their original vaccine in terms of boosting th boosting antibody levels, they are developing a delta targeted potential booster shot that they anticipate beginning clinical trials of in august if they get the fda's go ahead they don't know that this will be needed. they are developing it just in case they are also saying what they have seen from real world evidence, including from israel makes them more convinced that they think we're going to need booste

i'm melissa lee with joe kernen.year yields up 1.43%. want to hit this news just out amc's ceo adam aaron tweeting, it is no secret. shareholders should authorize 25 million more amc shares. what you think is important to us, many yes, many no. amc does not want to proceed with such a split, so we're cancelling the july vote on more shares no more such requests in 2021. amc shares are responding, as you might expect, higher by more than 3% at this hour along with this tweet, he has a graphic, like, we hear you, we see you. they're acknowledging their retail investor base, which is enormous 80% of its shares are held by retail investors the so-called army of apes if your retail investors don't want to be diluted, you can't ignore that. adam aron is acknowledging that this morning >> but the challenge is to, you know, make hay while the sun shines those shareholders, if the corporate proceeds were going to be used to justify the valuation by expanding the business or branching out into other businesses, it makes sense

. >> i'm melissa lee, and guy adami, breaking down the pull back with morgan stanley's chief strategist a selloff, we'll get his take on today's draw and what happens next and baba down 10% in a week. one of our traders has longed this name, why they are hunkering down for the long hall, and twitter taking a tumble, the stock down 3

visit indeed.com/hire >>> i'm melissa lee, and this is "fast money.'re breaking down the action of robinhood tim draper with his take >>> despite a bomb of a gdp, and later a streaming smackdown.

i'm melissa lee. plus bitcoin breaking out, soaring above the $40,000 level. we'll brake down what is driving this big move and watching shares of intel, the ceo kicking off

i'm melissa lee.ver as ceo. >>> plus china takes time, shares of dd and other tech stocks plunging as beijing turns up the heat. we'll break that down and later we've got a fast pitch coming your way, a guest trader is taking the mound to thro

. >>> live from the nasdaq marketsite overlooking new york city's times square i'm melissa lee.ng another 10% and the leading headline out of china that had investors slamming the brakes and later, gushing with opportunity. one top technician says it is time to hit the buy button

i'm melissa lee.in moments tomorrow on "fast," major buzz kill for one name in the retail space today. some traders aren't quite giving up hope on it yet. we'll find out what it is and why they're so bullish and turbulence ahead, americans getting ready to take fight for the long holiday weekend top analyst hunter kay says airlines will not be able to handle the surge in demand we'll get the outlook for the industry this year a special edition of "fast money" coming up at 6:00 p.m., we're answering all your burning trading questions, so if you've got them, tweet us at cnbc "fast mone

just fine good morning welcome to "squawk box" here on cnbc becky and andrew are off today i'm melissa lee along with joe kernen we are witnessing a turn around from the action yesterday. s&p 500 is up. dow is up 151. yesterday, the dow was down 530 points s&p 500 with declines. it paired the losses with the severe losses when it comes to sectors in financials and materials and industrials. that driven by the move in treasury yields which you saw first thing yesterday morning. breach of 125 set the move for the markets. we saw the turn around 10-year is now yielding 1.34%. bouncing off the 200 moving day average and finding support of 1.3 as we close out the week, joe. >> we didn't do 400 yesterday or 500 yesterday. that's the dip that's the dip 200 points now this morning when you woke up, you said what is happening there we go. triple digits. >> a continuation of the reverse we saw in yesterday's session. >> what did you say? you will be back this is not good-bye forever today? >> it really touches me, joe, how this is affecting you. >> gripping sarcasm. sarcasm is the domain of losers.

live from the nasdaq market site overlooking new york city's times square this is fast money i'm melissa leet now we're taking you inside their quarters straight ahead. >>> plus, the bitcoin brain trust, what elon musk, jack dorsey and cathie wood said today that sparked a new rally in crypto land. >>> getting real, the real, real rallying on the back of

i'm melissa lee. mike khouw in the house, dan nathan will join us in moments tomorrow on "fast," major buzz kill for one name in the retail space today. some traders aren't quite giving up hope on it yet. we'll find out what it is and why they're so bullish and turbulence ahead, americans getting ready to take fight for the long holiday weekend top analyst hunter kay says airlines will not be able to handle the surge in demand we'll get the outlook for the industry this year a special edition of "fast money" coming up at 6:00 p.m., we're answering all your burning trading questions, so if you've got them, tweet us at cnbc "fast money," we might answer them on the air. we start up by firing the "fast money" time machine. you might remember in december, we asked traders to pick the acronym they thought would rule in 2021. look at how they've done tim's acronym has been the strongest, that would be rise, rio tinto. that was up more than 21% so far. dan here chose abide, which would be amazon, alibaba, ip

i'm melissa lee tonight on "fast," we are awaiting pricing for one of the hottest ipos of the year robinhood we've got it we're tracking after hours action, shares of facebook, ford and paypal, we're breaking down the numbers. and later cme group ceo terry

lee. >> if you knew ben, there is no way that you would want him dead. i could not think of anybody that would want him dead, besides don. >> don, don oxley's ex-wife, melissa's mother, even though -- pence best friends told each other. >> everything in me said that don had something to do with. that >> of course, just a few years back, that sort of thing would've been unimaginable to don's best friends, scott and we sidney graham. not don, the don the force of nature, the center of the room. >> i don't know is manipulating, but everyone agreed with. don if she was happy, we were all happy. >> but after five years of marriage, neither benn nor don were happy, and the marriage went up in flames. >> ben had cheated on john. i can see that. this probably wasn't something that she was going to get over. >> don changed after that, said cindy, didn't seem to want to act like a parent anymore. >> she met a guy and she would stay the night at his house. when her kids are calling us to tell us that we have no more food in the house, there's no food, there's a problem. >> so when ben and john went to court to fight for the custody of melissa, sunday had to tell the tru