i think melissa lee in studio has a couple of questions.are speaking from a position of power, basically, i mean, you are one of the biggest tech companies in the united states. do you think if there were social media regulatory agency, stand alone agency at the home that meta was facebook and being created that we would have these social media, you know, giants today in the united states? obviously, the criticism of all of this is that it will prevent the next big a.i. company, and that could be a startup that may not exist right now, from actually coming to market? >> yeah, i think that's always the danger of overregulating or regulating too kind of preemptively, that you benefit the incumbents, and you create kind of advantage for the big companies that already move forward and you make it harder for new entrants and new competitors to challenge them. it's something that's kind of regulatory capture. that's the danger. but in this area now, you've got a number of american companies who are innovating in their own kind of slightly differe

>> no, that's different. >> melissa lee.e. >> can i -- >> i'm going to bring this back to the stock market. >> yeah. >> go ahead. but i'm looking at my page. >> you remember in 2021 when paypal had a greater market bank -- >> then every bank in america. >> and they might buy pinterest, we thought it was silly -- >> stock's never recovered. >> the stock was a $16 billion enterprise value with sales expected to go from high single digits to high teens or something like that with improving margins. wall smart should buy these guys tomorrow. did you see what happened with amazon and their operating margins that they had in the retail space? and you look at their surging advertising business they have and everything like that? walmart is at an all-time high, as guy just told us. they should be buying this company. in my opinion, because think about this. if you are the ultimate, you know what i mean? they have made acquisitions, they bought, what was that one, they bought -- >> jet.com or something like that. >> moose jaw. bonobo

i'm melissa lee, this is "options action." mike khouw, carter worth, and brian stutland on the desk tonight. >>> wti at its highest level, and brent crude $90, helping efts like the xle and oih post healthy gains, chart master is here to tell us if we should ripping or dripping. >> you're getting reports, we heard earnings out for several, and saying, look, forget the labor costs, which are a problem ongoing but we've got a fuel problem. it's just about sequencing, oil was hated, now it's loved. look at this first chart. that's a major break above that down trend. we were at 65 a barrel, now at 92. it's right to start to fade this. at least hedge or take profits. in terms of the airlines, of course, they are now hated as opposed to crude which is loved, and we can look at a few airline charts just to figure that out together. but what we have, if you look at this, the oldest aggregate of all, a new york stock exchange airline index. it starts before the covid plunge, no lines, no judgments, put some in. look at this trend line

i'm melissa lee. this is "options action" live. on the desk, mike khouw, carter worth, and brian stutland. as rates close out a losing week, the financial sector trailing further behind. carter think that's indicative of a larger theme. carter? >> regional banks have been the worst. j.p. morgan has been the best. but bkx index and larger banks all struggling. brokers, they're making all-time relative highs to the bkx the the kre. on an absolute basis they look to be rolling over. let's look at a chart or two. we're going to stick with morgan stanley. the first thing to note is it's essentially the same price it was in 2000. if you have a stock that's gone sideways for 20 years, that means adjusted for inflation you've lost about half your money. every year you lose about 2.5%. that's pretty unhappy. let's zero in closer. this is the trend line in effect since the covid low. we have converging trend lines. one could say your era was wrong, carter, i think it's going to break out. i think it's right, it's going to break down. let's g

good evening, everybody, in for melissa lee, "options action" live from the nasdaq market site.nd on the desk tonight is nobody, they're all remote. mike khouw is here, carter worth is here, brian stutland is here, and i am right here all by my little lonesome, missing you guys. the s&p and nasdaq posted their worst weeks since march after the fed decision earl year in week saying rates will stay higher, rate cuts out of the equation for next year. that marks the third week of losses. but there's even more telling signs deeper within the markets. so before we get to any trades, go around the horn for everyone's take on where the markets stand, and carter, let's begin with you, and the big picture to be seen in the russell 3000. >> sure, so, i mean, tyler in a way, right, it's the whole shooting match, the russell 3000 represents 98% of the u.s. investable equity market, and what's remarkable is that we all know that equities in the u.s. globally, everywhere bottomed on october 13th, almost a year ago. but if you were to look at all 3,000 constituents in the russell, and we have

i'm melissa lee coming toyou live from studio b. we start off with the nasdaq-led sell-off on wall street. closing down 217 points, more than 1.5%. the composite now on a two-week losing streak. the s&p 500 and dow getting hit today. tech stocks leading the losses, advanced microdevices, applied materials, adobe and nvidia. the sector the biggest loser in september. down more than 4% so far. how do you interpret today's action as we turn our attention to the fed here. of course, rates were a big part of this sell-off. >> the irony is that the fed is on hold yesterday. and yet rates, we finished within a whisper on the cycle high. look at japan, jjb yields. i know most people don't. but i think japanese bond yields could slingshot higher. the boj has been somewhat erratic. back to equities. if you look at the underperformance to see, it was the places you don't want to see it if you want the market as a whole to go higher. semiconductors were down 3%. they're on a relative low to the s&p going back three months and that's where the l

i'm courtney reagan in for melissa lee. this is "options action."e desk mike khow, carter worth and brian substitute land. we start with the unseemingly unstoppable tech run. despite a flat finish today it was a big week for the nasdaq. as the group leads the market out of the summer doldrums into what could be a september to remember. apple breaking out. google hitting 52-week highs and nvidia continuing its monster run, up 230% for the year. can the technological advances keep up the momentum? carter is kicking us off with a look at the moves. carter, over to you. >> before we get to the charts, of course, it's so many ways to look at tech. the xlk is the actual tech sector mirroring the standard sector. if one looks at the q's, microsoft and apple have a different weighting versus what they have in the xlk. or if you look at software, there's igv, an expanded software tech etf. where there is no apple. and apple has underperformed for almost 11 months, the tech sector. which is an incredible thing. let's look at a few charts and try to figure it

i'm tyler matheson in for melissa lee. on the desk tonight, tim seymour to my right, bonawyn ice ton my left, and guy adami, wherever he is, an undisclosed location. glad to have you here. we start on this friday fizzle on wall street. major markets all dropping to end the week, despite earlier gains today. the dow down more than 100 points, more than a third of a percent. the s&p 500 losing .2% and even the nasdaq slipping into the red at the close. but basically flat on the day. the losses adding to what has been a rough run for the marks. the s&p in nasdaq both down for a third straight week, and each posting their worst stretches since march. take a look at some of the biggest laggards since monday. target down 8.5%, trading at its lowest level now since may of 2020. dollar general at its worst level since january 2019. walgreens, have not seen it at this level since 1998. >> yeah, don't remind me about that one. >> what does all this action tell us as we head into the final week of the month and quarter? could be a se

i'm melissa lee. here on the desk tonight -- we'll start off with the latest red flag for the luxury retail market. rh plunging after its ceo warden high mortgage weights and a weak housing market could weigh on its consumer. the stock sinking 15%, worst day since the start of the pandemic and falling into the red for the quarter. not the only luxury retailer under for the quarter. all down since the end of the third quarter. beyond housing, china's weakness also part of the story. if the high end consumer is starting show shines of cracking on the low end, too, how worried should investors be right now? you were worried before because you got out rh. >> i love the company, and i think they are ability to hold the line in terms of margins and pricing is something that's been a big part of the success and profile of the multiple. it's not an expensive stock and it was not about what they reported today. they beat the street small. the outlook was cautious. this was a ceo that can get kind of emotional

. >>> i'm melissa lee, this is "options action," on the desk, mike koe, carter worth and brian stutland>>> as the markets close out, financial sector has been trailing further behind. carter thinks that's indicative of a larger theme at work here. carter? >> interesting, of course, jp morgan has been the best but still the bkx august struggling. they're making all-time relative highs to the bkx and kre, on absolute basis they look lob rolling over. sticking with morgan stanley. first thing to note, it's quite remarkable. morgan stanley is the same police it was in september of 2000. so, now, if you have a stock that's gone sideways for 23 years, that means adjusted for inflation, you've lost about half your money. 23-experience year, year over year, lose 2.5%. that's pretty unhappy. zeroing in closer, this is the trend line in effect since the covid low. we have converging trend lines, one could say your arrow is wrong, carter, it's going to break out. ic it's going to break down. and shorter term, and wrap here, what we have is that line is in play. do we breach? it is, to be fair, a s

i'm melissa lee with scott wapner. are you happy to be here, scott? >> are you convincing yourself?g at a higher open to start september. this is the first trading day of the month. s&p is looking to add 13.5. dow up 16. nasdaq up 25. here is how the indices closed august. s s&p down 1.8%. it is on

i'm melissa lee with scott wapner. are you happy to be here, scott? >> are you convincing yourself? >> we are looking at a higher open to start september. this is the first trading day of the month. s&p is looking to add 13.5. dow up 16. nasdaq up 25. here is how the indices closed august. s s&p down 1.8%. it is on track for the best week since mid-july. apple was down 4% for the worst performance since december. it had been higher for seven straight months. take a check of treasury yields. we have seen 4.34%. we settled down a bit. 2-year treasury trading at 4.86% of 4.86%. it showed a little stutter to what we have seen. >> a tale of two months. i'm looking at the tech names over the past week. if you look at this, you would have no idea it was any rough month for tech, nasdaq or anything else. nvidia is up 7% for the week. apple up 5% in a week. broadcom as welcoming off the back of earnings. stop off 8%. >> the easing of yields off the jackson hole high has been phenomenal with the boost to stocks in the past week and tech stocks. >> correlation is right there. that's the whole

. >> psx, melissa lee. >> thank you for watching "fast money," "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i am here to level the playing field for all investors. i promise to help you find it. mad money starts now. >> hey, i'm kramer. welcome to special west those coast edition of mad money. welcome. i am just trying to help you make money. my job is not just to entertain but educate and teach you. sometimes i want to ask, is the stock market ridiculous or what? i know it will tell me it has nothing current on the stock market or you might want to agree with me. the chat gpt that i know is a bit of a yes-man. i want to hear that people are selling when they don't need to so they are acting out of fear. good deal was today the dow slipped, the nasdaq tumbled 1.04%. what do i mean by irrational selling? stock for oracle got smashed losing 13.5% of its value over $46 million because of. in fact, it was actually pretty good, or part of the business that i care about was doing fabulously. how does this financial miscarriage of justice occur? or

i'm melissa lee. our guest trader tonight, chris verone. >>> and we start off with that steepening of the yield curve. the ten-year's rapid rise to 4.5% and beyond has come much faster, at a much faster pace than the two-year's climb, and that's narrowed the spread between the two treasuries sharply, since hitting a four-decade plus low earlier in the year, the gap has come in by nearly 50 basis points since july. someone here tonight says that could set up for a very rough period in the equities. chris is that person. what do you see? >> it's funny about this business is, people get all worked up about inverted curve, but it's really not the inverted curve that gets you in trouble, it's when the curve begins to come out of inversion, when the curve starts to steepen. the big story the last three, four months is the steepening of twos and tens. this has been a bear steeper in, so, ten-year yields have backed up, even twos have hovered around five. a little unusual. you only saw that twice historically

i'm melissa lee coming to you live from our brand new set here in studio s worst outperformer. the stock dropping 4%. part of the blame due to a troubling development in china. beijing banning iphones at work, and the headline the eu is slapping apple with new regulations that will most certainly impact their business. all this as apple is battling revenue declines ahead of next week's big iphone event. we have talked about this so many times, about the notion that china can just flip a switch and hurt apple and here we have a taste of it, guy. >> the existential risk. we've said it, and it hasn't come to fruition. stock's gone higher. we're within a whisper of an all-time high. this is the huge risk for apple, and now it's government workers, but again, china can do whatever they want here, and i thought for a long time, if they want to escalate the etric, if they want to continue to turn it up, apple willing the biggest company with the biggest bulls eye on their back. and i'll say this, i'm shocked the stock doesn't down more than it was today. i would have -- if you told me

i'm melissa lee, coming to you live from studio b at the nasdaq. our guest trader tonight, katie stockton of fair lee strategies. >>> and we start off with the newest milestone for interest rates. yields on ten-year surging part the 4.6% mark, getting closer to breaking above october 2007. the benchmark rate is up 1.4 percentage points from its april low, massive move. the rapid rise in rates taking a particular toll on a few sectors. real estate, utilities among the hardest hit. and while stocks closed off their lows of the session, the attempted rally lost some steam so, how worried should stock investors be about these rate moves? we like to play a game -- >> i love games. >> here on "fast money," where i would say, imagine if yesterday i told you this would happen, what would the markets do? if i said to you, guy -- >> i love games. >> that ten-year yields would go above 4.6%, what would the market do? >> nasdaq is probably obl oblit obliterating, russell, small caps are getting whacked. vix is north of 20. >> none of those things, and the oppo

i'm melissa lee coming to you live from a brand new set here in studio b at the nasdaq. on gorgeous set here. >> unbelievable. >> amazing. like on a new rocket ship. >> we're going to take off at any moment. >> exciting. >> awesome. >> they did an amazing job. we get to sit here and enjoy this beautiful set, but this is eight months of work from our crack staff back in ec. and the folks here at the nasdaq. they're the ones that should get all the praise here. with that said -- >> yes. >> the sound system in this place kicks ass. >> we -- easy, come on. >> it does. >> you had to do that on the first day. >> family program. >> commercial breaks are fun. >> they always are. >> the show is going to be even better with the brand new bells and whistles we have here. we'll show them to you as the weeks go on here. we start off tonight with rates resuming their run higher. the yield in the ten-year treasury hitting two-week highs after the recent pull back. climbing back towards 5% this is putting pressure on stocks to start the holiday shortened week. the dow falling almost 200

i'm melissa lee, coming to you live from studio b at the nasdaq. tim see your, karen finer man, dan nathan, and guy adami. we start with crude. $90. big oil stocks coming along for the ride. marathon oil, hess, exxon and more. crude's move also highlighted in the latest producer price print. the ppi's energy index jumping 10.5% in august. its biggest monthly gain since at least 2010. that jump being felt. delta today, american yesterday, united, southwest, alaska airlines last year. is this the new crude reality for companies, and how much higher could oil go from here? >> we thought this was going to happen for quite some time, and at a certain point, becomes, you know, listen, the spr is at levels, they had an opportunity to replenish, they didn't. we're going to see different networks talking about this, everybody is on the gasoline thing. i don't think it matters at this point if crude goes higher or not. the energy stocks, to me, are still in play. and valero made an all-time high today. oih at a four-year high. marathon, we're going to have p

action for fedex ahead of its earnings report good afternoon, everybody, i'm tyler mathieson in for melissa lee. upstairs -- >> it's so good to have you. >> the light looks great on you. >> what do you think of this >> spaceship >> great light for you >> a lot of empty space here that we're going to fill with quantity con tent. on the desk tonight, tim seymour, you just saw him, karen finerman, guy adami and mike khouw, thank you for joining me. we start with the countdown to tomorrow's fed decision. stocks closing off their lows of the day. however, as investors await the outcome of the central bank's latest meeting markets all but certain we're going to get a pause tomorrow. a skip meeting still, bond traders are looking for more hikes in the month to come the yield on two-year treasuries posting their highest close since 2007 so, what do these moves tell us as we head into the tail end of the year guy? why don't you go first >> tyler, great to have you. we play this game from time to time if you told me this, what would have happened? t ten-year yields today closed, i would have say, the s&p

i'm melissa lee at the nasdaq. we start off tonight with the dow's big breakdown. the index dropping nearly 390 points today, closing below its 200-day moving average for the first time since late may. the s&p and nasdaq seeing bigger losses on a percentage basis amazon dropping more than 4%, apple down over 2% the moves come lower as treasury yields continue to trek higher the ten-year touching a fresh 16-year high, 4.6% during the session. and then there's this warning from the nation's top banker >> right now, it feels good that fiscal stimulation was extraordinary. that was a global phenomenal more in the united states than elsewhere. but that's a little bit of a sugar high and that's a little bit going to go away. all the other things -- i'm putting myself in the quite cautious category. >> jamie dimon also saying the fed could still raise its target rate sharply from here so, as we look to close out the third quarter, are we in for more trouble ahead guy? >> quite cautious category jamie dimon. the most important banker on planet earth you , i would say. we k

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight, tim sey seymour, karen finerman, steve grasso and bonawyn iceson. the biggest stock in the world has also been the dow's biggest loser two days in a row. the slide starting after a report china will expand its iphone ban to state-owned companies. semis tied to apple feeling the heat. qualcomm down 7%. taiwan semi down more than 2%. is this just giving us a taste how big the impact of a china crackdown could be, and what other companies could face the wrath of beijing next? we have been saying this again and again, it is just up to china to decide how big the restrictions will be. >> and i think we have to be careful not to overstate what has happened here. >> too late. >> well, you're right. this is what happens in financial media. but the fact that you can't use your iphone at work doesn't mean you can't go out and buy an iphone and we're banning the company, and tim cook of all the major ceos and the biggest company in the world, has done a fantastic tight rope

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. and we start off with a stat we haven't seen since the turn of the century. the average rate of a 30-year fixed mortgage climbing to its highest level in 23 years. and monthly payments are rising at a staggering rate. cnbc's diana olick has the details. diana? >> reporter: melissa, mortgage rates have been on a tear, and there appears to be no relief in sight. the average rate at 7.65% today, according to mortgage news daily, up from 7.08% just a month ago. and up from 2.8% two years ago, which was the record low. to give you an idea of what that means to a home buyer today, well, if you were going to buy a $400,000 home with 20% down on your mortgage payment, is now $920 per month more than it would have been just two years ago. add to that higher home prices and you can see how affordability has just been crushed. now, we saw it in the pending home sales numbers out this morning. down over 7% from july, a

. >> psx, melissa lee. >> thank you for watching "fast money," "mad money" with jim cramer starts rightse to help you find it. mad money starts now. >> hey, i'm kramer. welcome to special west those coast edition of mad money. welcome. i am just trying to help you make money. my job is not just to entertain but educate and teach you. sometimes i want to as

. >> it's hard to realize outside how much we love our colleagues, and look, melissa lee is just incredibleoud just to see how long they have going. >> there's guy, karen, tim, dan, all the regulars. it's really an amazing show. >> i know. it's an institution. institutions are hard to come by these days. >> at the big board, energy company eqt, and we'll talk to the ceo, toby rice. >> he'll have some very good comments. they're one of the lowest cost producers of natural gas. they've been around for a very long time. most of these guys are reluctant to ever say, well, i don't know if -- i just focus on my business. he'll give you a forecast. >> jim, we mentioned a.i. in the a-block. the ticker, a.i., narrower than expected loss but they're ramping up marketing and sales as the revenue forecast remains unchanged. >> i didn't like that. i happen to be a big fan of tom siebel from the old days. i've known him for many years, but when you're a.i., you got to come to play. you got to say, listen, the sky's the limit. we can we think do x. and he didn't. and when you don't do it and your stock is

good morning, melissa. >> good morning. lionel lee saying a very strong hurricane as it keeps its way off the us east coast for the upcoming days. it will produce some rough seas and strong rip currents, but the concern will be as it treks north into the upcoming weekend, it's going to stay a hurricane quickly moving towards atlantic canada and having some impacts for the east coast, including a portions of new england, cape cod and boston with 40 to 60 mile per hour wind gusts. rhiannon >> melissa, thank you for that. and now to the search for that convicted killer who escaped from a pennsylvania prison. more than a week ago. we are now hearing from his former roommate . these are the latest images released by authorities near philadelphia showing escaped killer danilo cavalcante, the fugitive now clean shaven, wearing a hoodie after slipping through a perimeter that was manned by up to 400 officers sometime during the evening of september 9th. >> cavalcante stole a 2020 ford transit van from an area approximately three quarters of a

melissa, good morning . >> good morning, lionel rhiannon we are watching lee, a major hurricane working its way to the west through wednesday. then it turns northward, staying out to sea while it does so into the upcoming weekend where it will quickly pick up the pace, moving towards atlantic canada with it, there will be impacts as it is a hurricane pushing towards that coastline for the coast of new england, which means we'll have some gusty winds, 40 to 60 mile per hour wind gusts for nantucket and boston. rhiannon lionel, melissa, thank you. >> now let's head to morocco and the desperate search for survivors and victims of last friday's deadly earthquake. the official death toll is more than 2100 people and that number is expected to climb even higher. and we are seeing new images of the moment that quake happened. terrifying videos show the moment that deadly 6.8 magnitude earthquake rocked morocco, causing panic at this wedding. people running in the street as dust and debris falls from above. this man barely escaping with his life. ancient buildings made from a mixture of concrete structure and eart

melissa, thank you very much. for more on these developments, i'm joined by bruce clinger, former cia deputy division chief for korea. also joined by jean lee, the former pyongyang bureau chief for the associated press. thanks. bruce, just how significant is this potential meeting between putin and kim to negotiate an arms deal and why now? >> it's very worrisome and we've seen in the last year there's been growing, improving relations between north korea and russia and it's largely focused on military developments. so far, the developments have been north korea providing ammunition to russia. a year ago, there were reports that they would provide millions of ammunition rounds. that number seems high unless it includes small arms rounds but most likely 152 millimeter rounds and multiple rocket rounds that they have a lot of and which is compatible with russian equipment. so and we've also seen ukraine captured some of that ammunition and then using it to fire back at russia although it was fairly unreliable. it's a worrisome development and now it seems russia may be providing technology to improve north korean military capabilities. that i