is "fast money" i'm melissa lee tonight's trader lineup guy adami, dan nathan, tim seymour and pete najarian. tonight on fast diamond hands get tested, clean energy clover health and amc falling hard on growing fears of a coming crack down. is the s.e.c. about to take aim and are they even aiming at the right target plus trading the builder break down home builders falling got traders scratching their heads for digging in on this move and later, more room to run, one trader trader said this is the best tried and true name, that's straight ahead of. >>> starting with red hot read on inflation, consumer prices rising at the fastest pace since 2008 pretty scary, right? the market didn't think so stocks hitting record with s&p 500 closing at a new all-time high and the bond market ten-year yield falling for a third day in a row, now at its lowest level since march so red hot inflation red hot market did we already price in inflation, guy where are we here >> we play this game a lot of time but this is one of my favorite games, if you told me this 24 hours ago and said where's the market going to

get ready for lift off, pete najarian bringing us names that could be going to the moon next. against retail investor do regulators need to do more to e.x it, we speak with former s.c. insider straight ahead. stay with us, "fast money" back in two you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. at cdw, we get your it staff has be ready to take on new challenges. that's why we built an office obstacle course ... to prepare our people for anything. you're late well, cdw amplified services experts will consult with you to design, orchestrate and manage your most complex technologies to help you quickly overcome any obstacle ... without all of this. oh, that is better. who's that? oh, if you want coffee, you gotta get past tantrum. you're in for a brewed awakening. for technology that move

and joining me for the hour brenda vingiello, c oichlt pete najarian, jim leiben that will and kevin o'leary chairman of o shares. ets. kevin having tech problems to him in a minute but first the major averages stocks higher with the s&p 500 hitting a record high and the dow up more than 200 following the announcement from washington and we're talking about it with the development committee right now. kicking it off with you, pete. let's talk about this. obviously seeing stocks like martin marietta and balkan up higher but not the big gains you might think. are all the gains priced in for the infrastructure deal, even though we only have a framework on the final deal hasn't been made yet >> i don't know it's priced in yet. but the reality is we've had a nice run looking at the start of the year to where a lot of the names are, whether u.s. steel, you mentioned a couple other names. free port mac, all the different names in the space moving to the upside the reality is they've made the move rapid move earlier in the year, a little bit of a fade of late but i think we are getting ready

steve weiss, pete najarian along as well. let me check the markets we mentioned the new record high nor the s&p brushing off the cpi report in fact, anything over 4232, that's the number to keep your eye on because it will be a new closing high we will discuss that and the question we raise at the top about a summer sizzle. first, to steve liesman. he has breaking news on the economy. steve. >> scott, thanks very much the federal reserve reporting that household net worth rose to a record $137 trillion, up by $5 trillion in the first quarter. there were big gains in real estate, big gains in equity holdings by household. corporate debt also is on the rise again maybe it is a good sign, companies are borrowing. a record increase in real estate wealth equity holdings by households, up about $3.2 trillion real estate holdings up, i believe it is a record, i can't go back further, up by $1 trillion debt overall up 5.8% gains in household debt, business debt and federal government here. but a big number, real estate equity, the pe

pete najarian has been active in the names. we will find out what he is seeing now in the options market and how he is trading them today because it changes moment by moment a reminder, can you watch or listen to us live, on the go on ppe cnbc a we are back in two minutes ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. >>> welcome back i'm rahel solomon and here is our cnbc news update at this hour >>> the number of teens getting hospitalized with covid rose this spring. the cdc says that the rate peaked in january, bottomed out in march and then surged in april. about a third of those hospitalized were admitted

let's bring in pete najarian on the own with a look at what the options market is saying about the banks. pete, i note that you own some of the banks outright in their shares and you have options on several others go ahead >> yeah, absolutely, tyler yeah, presently, i own shares in wells fargo. i own them in capital one. i own them in bank of america. but on top of that, i also own kohl's because of all the unusual option activity that we've been seeing. this does go back to late october, very early november and the xlf is a good example of what really stood out for us which has been 39 separate times, tyler, we've had bullish option activity in the xlf it's been absolutely gigantic paper consistently coming in there. i'll even give you a great example. today, now the financials have pulled back slightly over the month of june. and you take a look and i see 43,000 of the july 23rd expiring, 7 1/2 calls. in other words, right out of the money calls giving themselves a full month for this to pan out and they are a 30-cent option. this is the kind of thing we've seen time and time again we'

steve weiss, pete najarian along as well. me check the markets we mentioned the new record high nor the s&p brushing off the cpi report in fact, anything over 4232, that's the number to keep your eye on because it will be a new closing high we will discuss that and the question we raise at t

and joining me for the hour brenda vingiello, c oichlt pete najarian, jim leiben that will and kevinbut first the major averages stocks higher with the s&p 500 hitting a record high and the dow up more than 200 following the announcement from washington and we're talking about it with the development committee right now. kicking it off with you, pete. let'

saccocia, the chief investment officer at boston private wealth kari firestone, josh brown and pete najarianas well o

joining me today, stephanie link, pete najarian, jim lebenthal, michael farr, the president of farr millerrybody. let's go to the walls to start the show take a look at what is happening with stocks. they're down across the board and inflation read a little hot, retail sales a little light. the fed beginning its two-day meeting. all right, pete. i feel like this is what we've got, okay. we've got smart money, the dimon, the g

. >> pete najarian. >> microsoft best chart. >> according to you. guy adami. >> zrks scaler, look at that sucker. >> thanks for watching fast see you tomorrow at 5:00. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there is always and i promise to help you find it "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cray america. i am just trying to make you some money my job is not just to entertain you, but to educate and teach you. call me at 1-800-743 cnbc or tweet me @jim cramer how could the s&p 500 close at a record high when we got a terrifying inflation number this very morning simple when everyone expects an outrageous government statistic, then it isn't actually outrageous when you get it when the labor department reported a red-hot number this morning, consumer price index up 5%, the biggest year over year increase since august of 2008, the market took it viaduct. the dow advancing 19 points. a new high most important, the tech nasdaq climbed 0.78%. inflation winn

head of investment strategy at sofi a big week for her jim lebenthal here, the farmer, along with pete najarianwhich after the soft jobs report once again evenlying toward new record highs, perhaps on the belief the federal reserve will be more patient before making changes to the bond buying effort we will get

josh brown is here along with pete najarian carrie firestone steve weiss and rich serpe stene. the stocks coming offer the best day in months. still positive not nearly what we were yesterday. hanging onto gains across the board. nasdaq the big winner up 53 points, a little more than a third of a%. bitcoin going negative for the year dipping below 30,000 take a check there bitcoin rebounding a bit, now 32,000, a loss of 1 and 1 third% a big story for the day. josh brown, my friend, you are up first with a pick that we have heard about before. and maybe a couple we haven't heard you talk about live nation is number one. let's start there. >> okay. cool i went to the first concert back at madison square gooden foo fighter came out a mask free joud of 15,000 people screaming at the top of the lungs. three hours of singing, crying with chewing beers, hugging, high-5g, totally out of control. people so excited to be back at the shows, i thought the building was going to crumble. until you experience that for the first time in 15 months, i can't plain for you why this stock is such a

there are two types of traders that are involved, just to generalize one are the jon najarian and pete najarian who really know what they're doing, who are seeing opportunities there and some other professionals, and then there's the clown car of traders. i'm not going to make fun of the reddit traders >> you just called it a clown car. >> some see it as opportunities. >> you just called it a clown car and then in the same sentence said, "i'm not going the make fun of them." >> i'm not going to make fun of all of them. the clown car allows the professional traders to make money. the ones going in there saying, i'm sticking it to the man, i'm rebelling against wall street, i'm rooting out corruption, that's idiocy. it is not going to change anything there's no corruption. they're being the butt of the joke for the amcs that couldn't raise capital that are now raising capital like crazy, you know, or the hedge funds that come in and help amc raise capital. >> so you do - >> look, it is not indicative -- >> hang on one second. i mean you do raise an interesting point i have been thinking a lot abo

joining me today, stephanie link, pete najarian, jim lebenthal, michael farr, the president of farr miller good to see everybody. let's go to the walls to start the show take a look at what is happening with stocks. they're down across the board and inflation read a little hot, retail sales a little light. the fed beginning its two-day meeting. all right, pete. i feel like this is what we've got, okay. we've got smart money, the dimon, the gorman, the jones and others versus jay powell and company, the market is caught in the middle stocks seem to be voting with the fed. stock market thinks the fed has this right, at least so far. what do you think? >> well, i think the fed has it right in terms of worry, but how long i'm more viewing on the lengthiness of the transitory side of things with inflation. i think that's really going to be the key and obviously they're monitoring it, watching it closely each and every day, and that's something everybody has been up to for a long period of time i think the reality of it is, scott, we bounced off some lows recently we bounced on, as a matter of f

pete najarian. the dow on track for the first negative month over the past five as you see there rallying 131 points so far today. s&p on pace for a fifth straight month of positive gains. and its best first half since all the way back in 2019 it was not a very good first half last year as you recall the nasdaq pacing for a seventh positive month in eight. meanwhile yields moving lower. the benchmark 10-year note hitting 1.45%. also, waiting this hour on the first trade of didi global it's the biggest u.s. share offering by a chinese company since alibaba. but i'll focus on this hour is what's ahead for stocks in the second half of the year? megan, why don't i start with you. what do you think? >> well, we're still optimistic. we've had a great start to the year, a great first half we think there is further gains to be had for equities i don't think it will match what we have seen the last six months or 12 months certainly but we are still constructive. i think tld be really important to watch what

saccocia, the chief investment officer at boston private wealth kari firestone, josh brown and pete najarian here as well on this friday. nice to see everybody. look at the major averages they've been under pressure all morning long, the dow down now about 400. it was down 500. you have some seasonality at play for sure. the hawkish comments too from st. louis fed president on cnbc this morning, james bullard having an impact as well all right. pete, jim cramer suggested seasonality, you know, you got quad witching and all of that. you get through today, you get through monday, you have a few days of chop and maybe some more volatility, but then you are set up for something pretty good as you get into july. do you agree with that what do you think about the market here, pete? >> yeah, i tend to agree with jim on that. i think that we obviously have, like you mentioned, the quad witching, and i can tell you this the volume yesterday, scott, in the derivatives world was absolutely astounding. we traded 49 million contracts in the options world, so a lot of activity yesterday and we're seeing a

pete najarian is on the phone now. we were trying to get him on pete, you have calls, new calls i think in amc, right? talk to me about what you are doing, what you are seeing 74% gain for amc, as i look at my fact set over here, 76% if we keep talking, it may just keep going to the moon >> it could. well, you know, tactically i think what we're seeing here is that this whole phenomenon that started in january -- amc, was a part in january. it wasn't just game stop the one difference was, and i heard joe talking about the short interest there was a huge discrepancy there though with game stop you are talking about a couple 100% of the short was in place, and this was about a 20% short. yeah, it has moved up a little bit so you can see there are some players in there getting involved and trying to be active and maybe defending positions to some degree. that could be a possibility. i would agree with joe though. i don't know why you would want the fight this when you have watched and witnessed what happened with game sto

is "fast money" i'm melissa lee tonight's trader lineup guy adami, dan nathan, tim seymour and pete najarian clover health and amc falling hard on growing fears of a coming crack down. is the s.e.c. about to take aim and are they even aiming at the right target plus trading the builder break down home builders falling got traders scratching their heads for digging in on this move and later, more room to run, one