taiwan the second largest in the smh, can't get out of its own way here they make the chips. semiconductor equipment guys who are making equipment for the guys who make the semiconductors and these things can't get out of their own way you've got your nvidias and microns and stuff fr neunderneah that doesn't work well. >> churning, stuck >> could a better trade be put a trade on the smh because they look questionable at this point? >> if you were to look at the options you'll find they are much better priced i know you have looked at smh in the past and i think you'll get big bang for your buck if the price action is bad, it's going to be bad for the whole space. this is a situation. you'll notice the distance between the strikes, 57.5 to 50. the options market is implying a move of 8% we're giving ourselves room for more than that and we're saying potentially between now and july expiration, 10, 12.5 downside i think. >> you know what happens in earnings, it's going to be a massive directional bust the set up to me seems we have a better bet on the downside. >> for everythin

i'm dee smh, i run global ielliligee compmpy,

you have looked at smh in the last if the price action is bad, it's going to be bad for the whole spacethis is a situation you'll notice the distance between the strikes. 57.5 to 50 the options market is implying a room for 8%. we're giving ourselves a little bit more room. the stock closed at $58 on the close today. potentially between now and july expiration, 10 or 12.5% downside, i think. >> you know what happens in earnings you get it wrong and the thing will be a massive directional bust the set up, to me, it seems like a better bet on the downside >>> all right. check out our website optionsactionson cnbc. check out our news letter. this is coming up next ♪ >> that's what investors in snap are suddenly saying. if you missed the move, we'll tell you how to get long for less than $1 >>> plus, calling all options action fans. reach into your pocket grab your phone, and tweet us your question @optionsaction if it's nice, we'll answer it on-air when "options action" returns. "options action" is sponsored by -- see that's funny, i thought you traded options. i'm not really a wall street

. >> i think it's important to reiterate that point about micron it is rolling and i think smh is theick with. >> looks like our time has expired. i'm melissa lee. for more options action, check out our website or tweet us. see you next friday, 5:30 eastern time meantime "mad money" with jim meantime "mad money" with jim cramer starts right now.e follom for microderm md paid for by trophy skin woman on pa: our audience are all seated. rozz, we're all set for you. i'm ready. let's go change people's lives. announcer: and now, to the exclusive premier, "the truth behind younger looking skin". i think when i look in the mirror the one thing that gets me down about my skin is just the aging that happens so quickly-- the fine lines, the wrinkles, the pigmentation, the age spots. i really didn't like the wrinkles that were coming around my eyes, all that crepey-ness underneath them. i'm too scared to leave the house without makeup

. >> i think it's important to reiterate that point about micron it is rolling and i think smh is the>> looks like our time has expired. i'm melissa lee. for more options action, check out our website or tweet us. see you next friday, 5:30 eastern time. >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. it's the end of the quarter as we know it a quarter that started out with a wimper and continued to wimper with exception

important to reiterate that point about micron it's a market leader it is rolling here and i think smh with there so i agree with carter >> looks like our time is expired. i'm melissa lee. tweet us at "options action. see you next friday, 5:30 p.m. eastern time meantime "mad money" with jim cramer starts right now. the following is a paid advertisement for the traeger renegade elite. the traeger renegade elite is the most versatile grill you can own. you can grill, smoke, bake, roast, braise and barbecue all with this one grill. traeger is a superior wood fired grill that gives you that delicious wood grill flavor in every bite. taste the difference the traeger renegade elite. hi, i'm greg shockley and this is danielle. many of you know her as diva q. multiple grand champion barbecue winner, she lives, breathes and eats barbecue. and greg is also an accomplished chef and an expert of traeger wood fired

reiterate that point about micron it is rolling and i think smh is the one to stick with. >> looks like our time has expired. i'm melissa lee. for more options action, check out our website or tweet us. see you next friday, 5:30 eastern time. >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. it's the end of the quarter as we know it a quarter that started out with a wimper and continued to wimper with exception of texts and domestic small stock the dow gained and the s&p advanced and the nasdaq declined this has not been a great three months and i wonder what the last days of the quarter is going to hold for us i want to make something very clear. if you think president trump has gotten aggres

. >> this isalled watermelon smh. we haveideo of me trying it out. you fill it up with anything from juice to water to ice water or what not and then you fast back and forth between your friends. so you go -- >> what is in here? >> i won't tell you.ll skip it ahead. okay. you go again. >> oh! >> you have to trust me on that but it really does work. >> about 2 bucks? >> about 20 buck. watermelon smash. really cool. it comes wit a little spinner here so there are games that you can do. target has it. and last but not least, this is great forat gran or -- there is a packet inside, it comes with bubbles. and then dip into the bubbles. kids love playing with bubbles, an play with it. great for graduations. we're making mess. >> look at this. >> bubbles, can't go wrong with bubbles. >> i love it. steve, our gadget guru. fp. >> gadget nation is my book. check it out. >> we're making a mess. definitely fun though. thank you for coming in. backo you. >>> those last few things seemed like ways to on put dad to work. you know, it can be hard to enjoy vacation i

uan cee she tir faces crlose .ere now jocnhn mama,ar androb,eb recca smh,ital gerd fimashn,nd a wendydrsraye gngoi out oheir famieilsnd a tirhe mi alyet th nspewser today a ine.s you might agim ltleipeg adsow n invveold e in hisorto t invtiesgateha wt haened here. day.st sonv igaestiti angce sne in ellaur. ethrt apament wusre the sct lis.ve news4's maneg mracgth is there eor f t ushimos grnin whit mo o nth.at men.ga e>> ll, roaan, a o lotf uonestisng surroundihe ecsptar jed. m ramos. e mhinde here,hi t tishe arentmmpt colex where he lived in laurel. it's autbomi 18 le fsrom the catagal e zettofcefire the in poanna annapolis. overnight it was quite the scene ofy activit with law enforcement ki engntry into his apartment. take a lkooe her at this devio. thun grodev lel uonniig rhts i nthere, the wws weresh smaed uyt b at swa te,amnd a we had o acals wlel ased f leralaw enemforcen oterffics on the ensceak ming eny.tr th rlleaidy d n kot weywhat here goingo t encntouer once they got insi.de obslviouy,he trey we cceon rned abtouhe tot palenti for other apwebis, the possityf o osmb sohe ty

top of the hour, shepard smh reporting. >> dana: well the trump-kim summit may be over but of state pompeo says tal with north korea will resume next week amid some concerns about the agreement. the "wall street journal" editorial board writing: there is no excuse for a nuclear deal that doesn't entirely eliminate the program with on demand inspections everywhere. this is what mr. trump is insisting for iran and he can't adopt a lesser standard on north korea. daniel henninger, deputy editorial page director of the "wall street journal" and a fox news contributor. he joins me now. always a treat to have you program. >> good to be here, dana. >> dana: the president also today tweeting he was very frustrated about the press coverage and the fake news is our number one enemy now in the united states. >> even on north korea. well, ion't know, he got a lot of sort of straightforward coverage of his trip in north korea. i mean, the cameras were simply on him and kim jong un the whole time. and i watched most of the coverage. and

technology is the leading lagger of the group smh is down about 4% right now "halftime report" is backht after this with the final trades once there was an organism so small no one thought much of it at all. people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. where in all of this is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you partner with a firm that combines trusted, personal advice with the cutting edge tools and insights to help you not only see your potential, but live it too. morgan stanley. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nati

>> under this court's doctrine employment division versus smh, the question would be is a generally applicable neutral law. if it is the law, there would not be a free exercise question at all. the reason for that, as justice scalia said, is equally applicable here. you're in the world which every man is law to himself. the only sensible way to approach this is to say if the state is targeting religion, we're going to be careful about protecting religion. if the state is targeting the message, is targeting the content of speech, we' gng to be vearefulbout the protecting. when the state is regulating conduct neutrally unrelated to , expression, which is what that court is the case with respect to public accommodations, then we can have a world which everybody who raises objection. otherwise, businesses could put signs up saying, whites only. -- passportios photos not for the disabled. >> thank you counsel. ms. wagoner, five minutes. >> here, the seller of the cakes is not mr. phillips. it's masterpiece corporation. does it in your arguments, who controls the expression here? the corporation or

here's why if we chart the semi smh, rising above the 200 moving day average.long term uptrend that's higher our concern is how the industry is performing versus the rest of the tech sector. the bottom panel there is semis relative to the tech sector spyder at the march high, semis did not confirm relative to the sector, there was a lower high, and now the relative profile is breaking down we see the relative flows built elsewhere in the sector. we like the software side of the sector instead >> all right, gentlemen, thank you. for more, go to tradingnation n tradingnation.cnbc.com >>> now the latest from tradingnation.cnbc koi tradingnation.cnbc.com >> volatile markets are a good time for long term investors to review their asset allocation plans on core holdings if you are overly concentrated in a stock or sector, volatility does more damage to the portfol portfolio. diversified accounts fair far better when volatility increases. still a chance here. it's willingham, edge of the box, willingham shoots... goooooooaaaaaaaallllllll! that...was...magic. willingha

caterpillar, cisco, boeing some of the chipmakers that source their supply chains globally like micron smhday since april 19th. >> yeah, well, that's one reason why the comp is down almost 1.3% larger loss than -- >> consumer staples are , though food deals -- >> consolidation has that going. >> chips are not helping at all. >>> a sell-off has picked up a little bit of steam here we'll watch it closely when "squawk on the street" continues. ♪ >>> good monday morning. welcome back to "squawk on the street." i'm carl quintanilla with sara eisen and david faber. we're threatening once again to hit the 24,000 level >> our road map for the hour begins with the fears of a trade war. dow and nasdaq in the middle of a sell-off after coming off their worst week in over two months mark zandy with us in a few minutes. then harley-davidson moving production oversea why the president's trade policy could impact some jobs >> and we remain on supreme court watch. key decisions are pending on the administration's travel ban and a few others, any of which could occur this hour. >> first up, some breaking d

we were just a moment ago, look at the smh that's taking it hard if you look within the components we'resome of these tech names under pressure and also financials and instead of loing at the broader xlf look at the kre, t regional bas taking it hard the regionals are down by more than 1%, 1.4% at last check. 6% here. this of course ahead of thursday, shareholders will find out how much the banks can return in terms of dividends and buybacks to shareholders. >> seen as a catalyst. as a positive for banks. >> thought it could be. >> and it feels like we're in this trade war on, trade war off kind of mood in the markets. but the rebounds this week have been tepid and unconvincing and slipping away. >> fadish the rebounds. >> absolutely. >> all right, soccer fever is everywhere in europe right now but europeans could be facing a big buzz kill this summer because of beer rationing. get this, a shortage of c 02 is forcing one company to ration beer and cider supplies, one describes it as the worst to hit europe in decades. we'll have more on this after this break stay tuned global markets, th

fractionally staples up for three straight days and it's been a rough day for semiconductor stocks, etf, the smh for its worst day since mid april. sara, back to you. >> melissa, the u.s. unveiling the world's fastest super computer today leapfrogging its biggest competitor, which is china dom chu sat down with the three big players behind the development. he joins us now from oak ridge, tennessee, with more this is a big deal, dom. >> reporter: this is a huge deal because it does put america back at the top of super computing, super computing supremacy, if you will, so what you're seeing behind me here are just one of the rows, many here, full of computer banks, and what this super computer is going to end up doing is doing so many complex calculations that go from health care to everything else we spoke to ginni and energy secretary rick perry for an interview over what this means for american technology. take a listen to what they told us earlier >> this is nothing less than world changing whether it's in the energy sector, whether it's in the cyber security sector, whether it's in materials

the etf, the smh on pace for its fifth straight weekly gain amd, intel, lamb research, they are amongour leaders today >>> another big winner in technology today is apple, moving higher, the level to watch is 190.04. that's a railroad close. thank you for sending that out apple's coming off its best monthly gain in nearly five years. one analyst sees another 10% upside from here, raising his price target to $210, which would put the company above $1 trillion in market cap. joining us, the analyst who made the call, steven from ubs. welcome, steven. you put out a survey and that led to the price target raising. tell us what you found >> well, the two are actually a little bit separate. the survey is our ubs evidence lab twice a year survey. it's probably the most comprehensive on the street. 6,700 consumers across 5 countries and it's actually quite mixed for apple. on the negative side, it suggests that buying intentions for the iphone over the next 12 months are flat to down in most major countries. which is similar to what we found last november and that kind of suggested this isn't