those companies and what's really happening in the real world. >> on a sort of related point, steve grasso that he thinks we'll see a five-year bull market more or less after just by the way having had one. we're talking about a decade. we're talking, right, about one of the longest expansions post-war in this country that we've had? >> you know, obviously it's a fool's game to think whether we're going higher or lower on a day-to-day basis, but if you look at us historically, right, kelly, the market goes up, market goes up roughly 10% annually and iffy extend that over a historic period, so i wouldn't discount it. i wouldn't say he's wrong, but we are due for a correction. we are due for a 10% correction, so he's talking about a longer time period so i wouldn't disagree with him. >> okay. >> i think the pullbacks are coming in and you have to keep a little bit of powder dry or else it's a little ignorant. >> so long as they haven't gone extinct. >> be sure to stick around and catch more of steve grasso coming up with the "fast money" crew here at 5:00. they will be speaking exclusively w

our traders are tim seymour, brian kelly, steve grasso, and pete najarian. they will not have any say in the music we hear tonight. >> so no difference from any other night. >> bingo! >> sorry. there we go. >> get serious here. apple, closing at $645.57 today. on monday each share will be worth $92.22. to our stop story, the return of risk. a strong jobs number this morning sending stocks to record highs. russell 2000 entering positive territory for the year. so should investors ditch those safety plays and start adding risk to their portfolios? pete, what do you say? >> well, i think there are certain areas where you could add a little risk. you look at some volatile stocks, whole foods is a great example. it's a $50 stock going into earnings. stock has sold off dramatically towards $37. now it's starting to show a little bit of life once again, mel, and the options have shown us some life. so i think you can go back into this beta name that can move at a huge accelerated pace to the upside much more rapidly than anybody else in the space. for that reason i

jon fortt, steve grasso, our thanks. nd and catch steve coming up on "fast money" at 5:00 p.m. they're going to be talking to the man with the scoop on gopro ahead of that expected ipo. we have quite the deluge this week. don't miss it. >>> talk about hot yoga, lululemon founder chip wilson may fight the board to regain control of the company. will he win this fight and is the struggling retailer better off with or without its controversial founder? that's coming up next. >>> also, why is the university of dayton divesting its portfolio of fossil fuel assets? we'll hear exclusively from the university's president on the move. and google can already tell when you're home and how much energy you use with its nest smart thermostats. now it's buying home video monitoring company dropcam. is this a big brother-like move or is this giving consumers what they want? or is it both? you're watching cnbc, first in business worldwide. ♪ and if i tap my geico app here i can pay my bill. tap it here, digital insurance id card. and tap

steve grasso has also been pounding the table since it was below $300 a share.udos to him as well as john for standing up. the margins are just so razor thin. i've been wrong, those guys are right and the stock is very impressive. >> we have a news alert on general motors. phil lebeau has the details live in chicago. >> reporter: as expected, gm ceo mary barra is returning to capitol hill. it will happen next wednesday. she will be testifying before a house committee along with the former u.s. attorney who conducted the internal investigation for general motors. they will be appearing before that committee next wednesday, the 18th, on capitol hill. no doubt they will be talking about the internal investigation and the steps that general motors is taking following that investigation. guys, back to you. >> phil bye llebeau with the la. >>> aubrey mcclendon was called the most reckless billionaire by forbes and ultimately forbesed out of his own economy. he's making a big comeback and making his first public appearance. kate kelly is there live and is going to brin

steve grasso, thanks to you as well on the floor. >>> coming up, find out what one auto analyst says is the most important car company in the world today. it is our call of the day. >>> and competition for trader of the year. steve weis making a trade today. can he shake up the leaderboard? >>> a rumble in the jungle, awaiting amazons big unveil. less than two hours away. a live shot out in seattle, where the whole thing will take place. what will amazon deliver today? that and much more, straight ahead. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before

. ♪ >> happy birthday to steve grasso who celebrated yesterday and brian who celebrates his birthdayo nice. >> thank you. >> you don't look a day over 60. >> i feel great for 70. >> look at that coconut bra. >> he wants to borrow it. >> so nice of you guys. >> aren't these beautiful. >> and it was stevie's boys' birthday as well. >> twins, john and luke. happy birthday, boys. >> nice tops. >> nice tops, yeah. >> that is really -- >> we have to have our karaoke night. >> play it on a loop. >> tim seymour, outstanding work. >> yeah? >> yeah. >> you know why he's in a rock and roll band. >> i have got an edge. i have a karaoke edge on the rest of the world. >> time for the final trade. let's go around the horn. tim? >> taking profits in twitter back from $29 up to $36 and change. i'm getting out on these calls. >> brian kelly? >> bad news in the airline space. i think you short the boeing. i did it yesterday, you should, too. >> steve? >> apple. i'm involved in apple. i have been negative on the name i'm waiting for a test of 85 or a break through of par. it looks like i'm going to get

our traders are tim seymour, brian kelly, steve grasso, and pete najarian.ar tonight. >> so no difference from any other night. >> bingo! >> sorry. there we go. >> get serious here. apple, closing at $645.57 today. on monday each share will be worth $92.22. to our stop story, the return of risk. a strong jobs number this morning sending stocks to record highs. russell 2000 entering positive territorfo

grasso? >> i think it was all just dumb luck timing on steve jobs and michael dell. i'm kidding right there. >> what? >> bring it back to abercrombie, talking about a stock like lulu, abercrombie hinted at 393, 35 level and now the stock is up 25% since the end of may. keep an eye on abercrombie. >> comes back to whether the brand equity is still relevant depending on the company. the boomerang ceo where you have an owner and founder who is in a position to make change with a brand equity that exists is a powerful acquisition. a lot of boomerang ceos, procter & gamble, those are cases where the jury is actually still very much out, so we'll see there. >> coming up, google making half a billion dollar acquisition today in the internet of things. the details and the latest move and what it means for the stock, that's next, and we want to know what you think. this is time, guys, to log on to cnbc and join the conversation and have your voice be heard. logon. getting the 411 on several big stocks. the run-up of 2014, but just might be poised for a major bounce-back. we'r