going higher china tech takes flight, prompts one of our traders to make some moves of his own i'm melissa lee. i'm in the heart of times square on the desk tonight -- all right, we start off with the last market general. apple shares ending down in red despite a rally. the stock clocked five days of losses in its worst week since march of 2020. shares plummeting 11% since monday isapple's underperformance a sign we've lost the last leg holding up the market? guy, we'll start with you tonight. >> i tell you what, i love november 3rd every year they just get better and better you know what i'm saying >> what are you talking about? >> november -- november 3rd. >> it's november 4th. >> i think he knows that >> no, wait! stop it. stop it! well, listen, on behalf of the entire "fast money" team and the huge audience, a very happy birthday at the top of the show. happy birthday. >> thank you thank you all. >> everybody loves you, mel. you know that. >> what do i think carter worth's been talking about this for a while jeff and dan have been as where he will. apple, they're not basically impervious t

that's coming up i'm melissa lee. on the desk tonight -- we are awaiting the sentencing of f fof fof former theranos founder elizabeth holmes first to the markets, we start off with crude oil prices getting crushed wti falling blow the $80 mark for the first time since late september. the commodity putting in its worst week since april taking oil stocks with it. all down more than 5% this week. and it wasn't just energy. king copper dropping 7%. is this a sign that there's even more pain to come for the economy? or just a trade that lost some momentum karen, what do you think >> i think the energy part might be a trade that lost momentum, although you could point to other sign os a recession. i'm not sure but i feel like the move in energy was so big in such a short amount of time, that even if the fundamentals were still there, which they very well may be, that it just was so much you had to take some money off the table. so, i wish i took more off the table. >> you piece this together with what the yield curve is te

beck ay is out >> melissa lee >> what did you say? >> i said melissa lee is here sdplc >> an octave higher. >> we will have a lot of fun and a lot to talk about. between bob iger and elon musk and carl icahn >>> u.s. futures at this hour. if we opened up now, dow up 64 nasdaq up 27 s&p up 9 treasury yields on the 10-year treasury is sitting at 3.793%. just about 4.5 for the 2-year treasury and in energy, someone said you can't buy by the barrel. i said you buy it. that's how we do it. if you buy it by the barrel, $80.50 >> it comes in quarts. they put a thing in there. they turn it over. wd-40 orsomething? >> is that how you buy oil >> wd-40 is a can. >> that is a lubricant >> it shows you when i buy it, i have to ask for help i'm not dropping the transmission or -- neither one of us. have you ever changed oil on a car, andrew? melissa, you have a better chance of having done it than us you don't have a dog, do syou? >> no, why do you ask? >> when you come home, no matter what, they're happy. >> you are saying you're a dog >> i'm not

beck ay is out >> melissa lee >> whayo

the numbers were fantastic, mel melissa lee. >> thanks for tcngwahi "fast." cramer starts right now. right now. >>> 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 try 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 my money. my job not just to entertain but put it in context. call me. 1-800-743-cnbc tweet me @jimcramer. nobody, i mean nobody believes me when i say the fed chief jay powell wants your portfolio to go down. because it's too cruel co

i'm sara eisen in for melissa lee live from times square after yesterday's huge rally markets were aellow this time around. so is today a little bit of a pause or followthrough that refreshes or just the big bounce just a blip maybe? we'll help prepare you with options. and then one sector that is sure to pull back after similar upside spree, asset managers we're going to look at how to play that. and it's still earnings season we are working aroun

i'm melissa lee live at the nasdaq market site in times square with the fed decision and now jobs data behind us investors spent friday confused. the volatile trade session snapping various weekly winning streaks. similarly there are conflicting signals right now down to the sector level we'll game down two of them to explain how industrials and geld are related. and the economy ultimately comes down to the consumer with us tonight as always carter worth and mike khouw let's talk about today's market action stocks rallying to closeout this week the jump higher didn't save stocks from posting weekly losses across the board. the dow snapping a four-week winning streak while the s&p and nasdaq a two week winning streak >> it was something for everyone, right? bulls can take solace in various characters on the week and bears of course the same i think what's important we are starting to get some dispersion, which allows for opportunity for those who are doing either individual stock picking or etf choices. >> brian, what'd you think >> i think what i'm looking at i look at the s&p 500 and

i'm melissa lee live in times square with the fed decision and jobs data behind us, investors spent friday confused. volatile trading higher on the day. similarly they're conflicting signals down to the sector level to explain how industrials and gold are related and the economy ultimately comes down to the consumer, so we're taking a look at a way to go big box. with us carter worth and mike khouw. before trades let's talk about market stocks rallying all three indices climbing h higher, 1.3% s&p and nasdaq ended a two-week winning streak carter, what did you make of this action? >> that's the thing, just as you described those items, it was something for everyone bulls can sake solace in various characterists on the week, and bears of course the same i think what's important is we are starting to get some dispersion which allows for opportunity for those who are doing either individual stock picking or etf choices >> yeah. brian, what did you think? >> i think i look at the s&p 500, and options traded there, and we've really seen put sellers, meaning people are willing to just sort of ta

i'm melissa lee live from the nasdaq markets in times square here with us carter worth, mike khouw, and a special appearance by denis savage. >> market volatility will be with us a while longer the options arena is presenting a opportunity few have ever seen we'll explain what it is, how long it may last and how you can take advantage now then, crude below $80. we'll outline a safer way to get your profits pumping back to the bright side. >>> even with consumer confidence slumping, now might be the right time to make a play in gaming stocks we'll show you how it's time to risk less to make more "options action" starts right now. >> before get to tonight's trade, let's go around the horn for a take on this week's trading. the nasdaq slightly lower. carter, doesn't seem like much happened buck actually lots of stuff happened this week, especially with the inversion and with the move in energy. >> that's right, we had a lot of earnings news and a lot of movement that was idiosin cattic and also a lot of macro stuff. movement, currencies the meta for equities was a punch for the most part.

i'm sara eisen in for melissa lee live from times square after yesterday's huge rally markets were a little more mellow this time around. so is today a little bit of a pause or followthrough that refreshes or just the big bounce just a blip maybe? we'll help prepare you with options. and then one sector that is sure to pull back after similar upside spree, asset managers we're going to look at how to play that. and it's still earnings season we are working around one name that's done and another still to come, disney and home depot. carter worth and mike with brian in let's talk about the week's market action because it was a wow. the s&p 500 capped off its best week since june by adding 1% today. the nasdaq nearly doubled that with close to a 2% gain and an 8% gain for the week the best week since march >> typically things that were the worst. we know the most shorted stocks up the most like the ark fund or such areas as you've mentioned like technology. but the question is, is it the beginning of something more enduring or a ricochet my hunt is you fade the move >> fade the move wh

asset management firm, 100%, owned by military veterans, phil is here, hello everybody, and for melissa lee, and john stay most >> a full house tonight. and try not to left guys, that was funny. and the big story of the day, the latest inflation data, it was enough to give investors absolutely giddy, and you name it, and even meds of. and in in market today alone, barring, and below 4%. you know it's coming, does today's rally give you any optimism around the longer term? this wasn't all human, what was involved? be careful house, and adding one of the worst shows in the history of shows, -- >> come on, man. >> no i'm not. and you remind me of the big dude, hang around, and and and october 13, and subsequent early monday the 17th, and back in june, and 18% in august. and 4000, and the move. and shooting 2 4100 cummings a lot of sense, and and without question, nothing healthy but today.>> what i was saying before, and lose money on the way down, and i would just posit though, is it worth saying inflation is suddenly gone, lower used-car prices, the data, and healthcare costs, and the compet

i'm melissa lee. this is fast money we're live at the nasdaq market. full house here tonight. let's start off with the anniversary of a major milestone. it was one year ago today that the nasdaq climbed to a record of over 16,200 what a year it's been since, the tech index has fallen more than 37% from its peak. take a look at some of some of the biggest stocks in the index. netflix, tesla, nvidia, all cut in half. with all major indexes closing towards their high of the session, could we be setting up for a come back rally? it's the holiday season. we want to be a little positive here before we go to the nay sayers on the desk what do you think? >> absolutely. the market is going to rip higher, is it possible, of course it's possible is it going to happen? i don't think it's going to happen if you go back to this time last year, we made a series of higher highs and lower lows in the s&p. the nasdaq is still expensive. and in this environment, i think the overall market is so expensive. don't look past the fact that now it's approaching 75 basis points, probably on the way to

melissa lee in for sara eisen. where we stand in markets, s&p 500 up a half percent, just about, by now. had been seven points higher highs of the session on s&p. nasdaq feeling a bigger pop. all on the backs of the release of minutes and pullback in yields we saw after that check out oil action today t pulling back sparply over price cap on russian exports talk more about that news in a moment >>> ahead on the show as well, former fed president thomas honig, outlook for fed policy and the economy plus his reaction to the fed minutes released just this afternoon begin with fed minutes full team coverage to break it down steve liesman and mike santoli with the market's reaction and all things global investments joins with his analysis. steve, stars us off. >> thanks. a meeting in which the fed hiked 75 basis points fourth trait time, minutes showed agreement, slow the pace of rate hikes in the future minutes of that november meeting said "substantial slowing in the pace of increase would soon be appropriate. most pe

20% on grim guidance and a somber take on the az market a host of earnings on tap this hour i'm melissa lee. we start off with the market's post fed ride. the dow jumping nearly 400 points immediately after release, but then giving back. closing near lows of the session. the s&p down 2.5%. nasdaq down more than 3. treasury rates jumping but the short-term two-year rate briefly climbing let's get more with steve liesman. steve. >> melissa, thanks markets were absolutely whip sawed today by a dovish statement and then a hawkish press conference the statement ignited the rally was when said the committee would take into account the cumulative tightening of monetary policy. the lags and economic and financial developments powell took to the podium and put an end to the musings about a pivot or pause >> it is very premature to think about pausing. when they hear lags, it's premature. to be thinking about or talking about pausing our rate hike. we have a ways to go >> how far at least higher than the 4.6% that the fed itself forecast in september for 2023 and the fed funds futures market traded u

. >>> thanks so much, scott, hi, everybody, i'm melissa lee stocks lower, some key earnings disappointgress remains unclear we'll dive into it all. >>> plus, the ftx effect, how far reaching is the company's liquidity crunch, who's on the hook for losses. and volkswagen going zero to 60 on evs predicting the u.s. will be a major player by 2030. the company's new america group ceo will join us live in studio with how he plans to reach that goal we begin with the markets and bob pisani at the new york stock exchange >> and melissa, very interesting

i'm melissa lee, this is "fast money" tim seymour, courtney garcia, and for the best day since december 2020, the move coming off the company announced bob iger would return to the helm o. of the media and entertainment giant. with today's gains, disney is down 37% this year has been cut in half from its all time highs hit in march of last year. can old blood breathe new life back into this storied stock tim, your tame >> i think the song is meet the new boss, same as the old boss i think the who do it better the second time. bob iger is a cult hero in ceo land, and i think it's great to have him back. as a shareholder, as it relates to where the media business is going, and the different parts of the business and distribution bob chapek on the park side. things have never been going better this tells you just how poorly the execution seems like it is on the most important part of the business clearly linear tv, what's going on with that, what's going on with screaming, certainly losses that remain significant in the near to medium term. the valuation back of the company, again, you hav

sorts and major layoffs to come for meta and drilling down on what's next for the energy trade i'm melissa lee. this is "fast money. with us karen finerman, and steve. >> the company is walking away to buy it non-u.s. assets. it was in august when same bankman fried was on the cover of "fortune" magazine the next warren buffett, and there is a caveat or could he crash and burn i guess it's the latter. a valuation of $32 billion kate rooney with the latest on this one. >> that's right, the deal to buy the company is off the table and in a statement the company is saying as a result of corporate due diligence as well as latest news reports regarding miss handled customers fun and alleged u.s. agency investigations we have decided not pursue the potential acquisition of ftx.com the company goes on to say in the beginning our hope was to score customers to provide liquidity but the issues are beyond our control or ability to help this. had been a non-binding letter of intent binance was in the middle of the due diligence after announcing it intended to acquire the international side of the busines

this is "fast money" and i'm melissa lee. there's a lot to unpack here with this interview that's been going on for about 47 minutes tonight so far let's get to the desk. tonight, tim, karen, dan, and guy all here with us today tim, there was a lot of i didn't know >> not knowingly >> there might have been co-mingling. i didn't knowingly do this or that >> i'm obviously not an attorney, but trying to sound like you didn't commit a crime is probably the first thing you want to establish. call my cynical. this is one of the smarter folks out there. to me, there's so much inconsistentsy trying to show there was no content. >> let's listen in >> whether you were trying to buy influence. can you speak to that? >> i lost good media ventures. that was the whole thesis there. you know, i don't have like governance over any of these i wasn't looking for governance over any of them i was looking to support journalists doing great work because i think what they do is really important and i think that there needs to be a critical light o

i'll melissa lee and on the desk, carter, guy and tim, live from where else, sin city. we start off with a couple of fed officials reining in expectations james bullard saying the policy rate is not jyet in a zone that is considered restrictive and there is a limited effect on inflation. and kansas city esther george said it is so tight that inflation can't be brought down without some real slowing. these comments come even as we've seen relief on pricing and better than expected cpi and ppi numbers. mortgage rates with the biggest drop since 1981 and gas prices to where they were before russia's invasion before ukraine. still interest rates went higher today. the spread between 10 and 2-year treasury in a new 40-year low. so what are the markets telling us right now, guys >> that is what i'm focused on the two ten at 65 basis point and we thought it could go to 75 basis points in the form of 3.5% of the ten year which we're close to and 4.25 for the two-year and i think this 14% rally since october 14th or so is fluff we've talked about it. we thought the overshoot wit

calling for job cuts at alphabet another crypto company is reportedly filing for bankruptcy i'm melissa lee. we're here on "fast money. we start off with the wild ride on dow street. the dow climbing as much as 450 points early in the day after another better than expected inflation report, but it fell sharply after reports that russian missiles struck poland at the end to have the day, all three major ib dendexes closed n the green. walmart the worst performer on the dow yesterday. now the best, rising more than 6% after earnings for its best day since july 2020. and chinese tech stocks continuing their rally accounting for 4 of the top 6 performers in the nasdaq what does today tell you about where the markets are heading from over here there seems to be a belief that the fed will be at bay because of this tame ppi number. >> there seems to be some view based upon the rhetoric we've had. even though the rhetoric underscored the fact these rates will stay for some period, that we will ride through multiple periods and then we will see when they reassess we got to a case where finished good

i'm melissa lee and this is "fast money" we're live at the nasdaq market site in times square we start off with a choppy session for stocks the s&p and nasdaq falling for a third day while the dow managed the slightest of gains at the ae end of the day and with one more trading day in november, the nasdaq has gone negative for the month the deciding factor could be jerome powell, delivering a key speech tomorrow on what is ahead for the market at the brookings institution. what are we expected him to say, guy? >> it is interesting i don't think, if the s&p was trading 3200 it would be a much different conversation but the market is only down as much as it is, the fact that the bond markets have stabilized aan the credit markets are in tact and energy prices have come down that is a back drop where he could be as hawkish as he wants. so i think he's going to be extremely hawkish. the market probably doesn't want to hear that but the market is giving him clearance to do exactly that. >> so here is a question not every question results in a game. >> good to know. >> if he's extremely hawk

. >>> thanks so much, scott, hi, everybody, i'm melissa lee stocks lower, some key earnings disappoint, and control of congress remains unclear we'll dive into it all. >>> plus, the ftx effect, how far reaching is the company's liquidity crunch, who's on the hook for losses. and volkswagen going zero to 60 on evs predicting the u.s. will be a major player by 2030. the company's new america group ceo will join us live in studio with how he plans to reach that goal we begin with the markets and bob pisani at the new york stock exchange >> and melissa, very interesting day. we're sitting not far from the lows but remember, we've had some nice moves up in the last couple of weeks let's take a look at the major indices. remember, the dow was 29,000 you know, just about month ago, and we're 33,000 just off of that right now it's had a nice run. s&p 500 we were knocking on the door of 3,900 not that long ago, so not surprisingly we had a little pullback. nasdaq has been the weakest of the major indices. it's only 4 or 5% of the 52-week low. di disney is a real problem that's about 85 points o

melissa lee in for sara eisen.f percent, just about, by now. had been seven points higher highs of the session on s&p. nasdaq feeling a bigger pop. all on the backs of the release of minutes and pullback in yields we saw afte

i'm melissa lee. a full house, tim seymour, karen finerman, courtney garcia and the central bank widely expected to announce another 75 basis points hikes tomorrow. investors will be laser focused on how much higher they'll take rates. the nasdaq giving up a gain of more than 1.5% locking in its fourth down day in five sessions but couple of single stocks making big moves today amazon dropping 5.5%, falling out of the trillion club for the first time since april 2020. old, sofi jumping more than 5% after the company boosted guidance for the year. the stock hit its highest level in over amonth and went up another 6% on top of yesterday's gains. that's its best two-day gain in two years. so what does all this action tell you, tim? >> well, it tells me that the fed is still very much in play we came into a china rally, which was suddenly less lockdown, maybe china is opening up, wha ha, we've heard that so many times it gave ground on the jobs data, and employers are not necessarily firing, they're freez

the numbers were fantastic, mel melissa lee. >> thanks for tcngwahi "fast." "mad money" with jim cramer starts right now. right now. >>> 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 try 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 my money. my job not just to entertain but put it in context. call me. 1-800-743-cnbc tweet me @jimcramer. nobody, i mean nobody believes me when i say the fed chief jay powell wants your portfolio to go down. because it's too cruel how could anyone ever try to hurt your precious stocks? what kind of public officials want you to have less money and feel less confident about your retirement the federal reserve, that's who. after another not so hot day where the dow declined 147 points, s&p shed -- nasdaq lost 1.73%, you need to recognize that jay powell wants you to be worried about your job so you're less

chart master is here to lay out his case i'll melissa lee, and this is "fast money" we're in the heart of time square and we start off tonight with a big rally on wall street to kick off the week dow climbing more than 1.3% is now up nearly 15% from october lows s&p and nasdaq rising a percent as they await a big week for stocks and tomorrow's midterm elections and cpi report and more earnings. so how do you make sense of the market moves today and in particular, dan, it was technology that lifted. >> it was. and technology it wasn't a layup. we opened the morning with the news about apple and again that was a head scratcher. about two weeks ago, it was the only mega cap tech name that traded well after earnings so the realize is that maybe china sales aren't as good as they said two weeks ago is weighing on the nasdaq but i think you have dueling headlines and why meta, facebook was rallying and that is the sentiment that investors are like, how much more bad news could we get for the names that have had nothing but bad news over the course of the year. we're heading into tomorrow, we

i'm melissa lee. this is "fast money. we're live in the heart of times square on the desk, karen finerman, julie diehl, guy adami we start with another plunge for target the retailer stock falling more than 13% after its latest warning. that was its fourth biggest drop on record and its second double-digit plunge this year. target profits collapsed by 52% in the third quarter with a spike in shoplifting contributing to the losses the results and performance a complete 180 from what we saw from walmart yesterday, whose stock rose for a second day after its better than expected report yesterday is this a target specific problem or is this a real read on the consumer as we head into the holidays the backdrop of course also that the markets traded lower today on the back of this. karen, what do you think >> i think, well, a lot of those things are true. it might be both i thought this was a bad call. i really didn't like -- i didn't like how uncertain they were about their business i understand it's really hard these times to

i'm melissa lee in the heart of times square on the desk, karen finerman, dan nathan, the dow nearly dropping 500 points, closing down almost a percent and a and a half the nasdaq seeing even losses the moves coming as wall street grapples over the unrest in china over zero covid policies and what that means for market and supply chains. apple down more than 2.5% after the hit to production of its latest high-end iphone could be double than what expected. lumen technology shedding 6% a better outcome for casino stocks china granting wynn resorts, mgm provisional licenses to continue operating in macau went up more than 4% melco up more how much was it, all the protest video we started seeing over the weekend? >> we call it a sea of red what was going on in the u.s., the s&p 500 has rallied 15% over the last four or five weeks right to the downtrend where the 200-day moving, the vix came back into the uptrend that's in place throughout this whole year that's really been a good spot to sell stocks down near 20 we had the hen-year u.s. treasury 4% over the last couple of weeks the 40-ye

s&p 500 up about 20 points melissa, lee, you made it through the two of us. it worked out. stkphreut was my pleasure. >> joe, see you, tomorrow my friend "squawk on the street" begins right now. >>> good tuesday morning welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber china is on watch as covid cases surge over there and restrictions resume. our road map begins with tech is no good. down 30% since the record high >> plus, disney's cost-cutting strategies now ceo reported unsettling restructurings that will be coming >>> and a roundup of retailers holiday shopping best buy, dick's, dollar tree and others as carl said, more positive than negative >> let's begin with the markets. one year after the nasdaq's record intraday high, the index down 32% 30% drawdowns. not very common in history >> no. remember, this was the beginning of the thankful. seam holding up a little better. unworldly designs. meta being one of the disappointments. netflix at least coming back people are worried about amazon. alphabet hired too many people the real pain

mj lee is live for us in indonesia, and melissa bell is standing by at nato's headquarters in belgium. mj, hello to you, what are you hearing about the meeting, learning about the incident? >> reporter: what we're learning from two officials who were briefed on the initial u.s. assessments of this missile this morning is that it appears that the missile originated from ukraine even though it is russian-made. now this would help explain why president biden after he emerged from an emergency meeting with foreign leaders earlier here today in bali said preliminary information seems to suggest that it was unlikely that the missile originated from russia. and the u.s. would support poland's investigation into this matter saying, quote, we must figure out exactly what happened. and he said any next steps taken would be determined collectively by the united states along with allies. now determining exactly where this missile came from of course is so critical because poland is a member of nato, and an attack against one of those nations is considered an attack against all. so really, guys, t

melissa russo about it. >> you said during the debate that lee zeld en is trying to scare voters.is exaggerating the crime problem? >> i think he is trying to scare voters and not offer legitimate plans and you can't be tough on crime and say that and be soft on guns. >> you often pivot to that point but just wondering you're saying he is creating a worse impression of crime than what actually is. >> no, what i'm saying is he doesn't have a serious crime plan. >> joining me from queens is w nbc reporter who covers politics for the station. andrew, it is good to have you. so crime in the city is complicated. violent crime, murders are down, gun violence is down, and the overall crime index in new york city has increased in october, 5.9% compared with october, 2021, driven largely by an increased grand larceny across the board. so andrew, what is this, what's driving this race? is it ultimately going to come down to this discomfort that new yorkers have with what's going on around them? >> well, there's no question, katy, it's a real issue, and the mta chairman, the man in charge of

it's been extraordinary lee restored and this entire suite thanks to melissa's leadership and lydia and that entire team of that they put together to restore this furniture back to its original state is is exquisite and spectacular and as an investment of about 700,000 on our part to do the 10 the 11 piece of original piece of the tin and the pier table plus some duplicate pieces that have been created over time to complement this but privilege of ours to do you you would have looked at the furniture before and you would have thought this this is beautiful. this is handsome furniture, but if you look at a refurbished piece next to a piece that had not been refurbished it's like night and day so an amazing amazing accomplishment by the curatorial team with the affirmation of the committee and the support of the american people to make this possible. it's just really i think probably the most stunning example and a great another great thing about the story is it transcended presidencies? it started under mrs obama and then it continued there was no interruption continued under mrs. trump