tonight's trader lineup, guy adami, tim seymour, steve grasso and karen finerman will appear in the box hopefully we have the dire warning from the ceo that sent a shock wave through the entire airline industry and the fed entering uncharted waters and how you can trade this unprecedented move. later, hungry for a deal we'll tell you what sent shares of grub hub soaring. we begin with the late-day sell-off sliding down into the close, the dow down 57 points and the s&p 500 down 2% and the nasdaq snapping a seven-day win streak so what's the take on the market action guy adami, made it in like under the wire, your box slid in there, appeared, bam, there you are. >> sweet hi, mels >> hi, guy >> how are you so we talked about books we read in college last night. this is going somewhere, by the way, and last night i mentioned "100 years of solitude." i had to read "the moby dick"

guy adami, tim seymour, karen finerman and steve grasso. following strict nyse rules and requiring to wear a mask at all times while on the floor the income data and why the headline number may not be telling the first story and we'll break down how we can trade it one of our traders is saying namaste to this name and cannabis, we will find out what went wrong with canopy growth. >> president trump stopped short of taking harsh new policy action against beijing and let's get to kayla tausche in washington kayla? >> melissa, today's policy announcement by president trump was essentially a doubling down on pre-telegraphed policies that the administration had already announced. today from the rose garden, president trump said that the u.s. would be terminating its relationship with the world health organization, that it would be suspending entry into the u.s. for certain students and researchers that it finds to be affiliated with chinese military arms, that it would be starting a study of the chinese companies' accounting practices and exactl

so that part makes me a pro hencive and i would be patient, but i like the name. >> steve grasso?nt to echo that with what pete just said pete and guy just brought up a very strong thing. i say a buy, but it's got to hold the $89 level so you don't have to rush in, because not only did it jump 62% off the lows and it came back in about 9% and it's made a series of lower highs and just be careful on this one and let it hold the $89 level and buy >> clean sweep for the birthday boy. the traders have voted so are you buying or selling tim's fast pitch on abbott labs you can vote in our poll on cnbc fast money coming up, there are more earnings movers to get to. we'll dive into the numbers after the break and we'll get you to uber's big report and why e options traders is betting on more pain ahead stay tuned ♪ we could never do what they do. but what we can do it be a partner that never quits. verizon is the most reliable network in america. built for interoperability and puts first responders first, giving their calls priority, 24/7. we do what we do best so they can too. high prote

tonight's trader lineup, guy adami, karen finerman, and tim seymour and steve grasso how you can ride on had reopening play and what center shares of facebook to another all-time high and later check out this image, we'll tell you all about the big game of chicken that is breaking out in china, but first, what is the real read on retail? the group holding strong as we wrap the major week of earnings and we could dash hopes of any robust retail rebound and another 2.4 million americans filing for unemployment last week and while we all knew that the number would be awful, it may not be telling the whole story. the total claims exclude hundreds of thousands of self-employed economy workers, as well. so with millions of americans and millions of consumers out of work, which retailers are best positioned for this road ahead guy. >> hi, mel >> hi, guy >> i feel it necessary to say hi so i won't see you so which retailers are best suited in this environment and that's a great question and something we'll talk about and i know steve will talk about costco correctly and karen had thoughts on

i like the numbers and the i like the franchise and i love the sector >> steve grasso? came out about a week ago and said he was short trex i said buy it. it's up 25% since then lock-in profits. don't be greedy. >> nice move there karen? >> yeah. with this huge nasdaq run i feel like i've got to hedge some of my exposure there. i'll it will some nasdaq qqq calls tomorrow. >> guy guy? >> pfizer drug >>> 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 make you some money. my job is not just to entertain you, but to educate, teach put this into contact. call me 1-800-743-cnbc tweet me @jimcramer. >>> is t

congratulations. >> steve grasso. >> this one's been great to me >> tran seo. ticker symbol tse.>> well before covid-19 and 36 times trailing and we don't know the future nike here. >> guy adami >> way to go, lucy and your classmates and lockheed martin take a look at that one, melissa. >> i will. thanks for watching "fast money," everybody. >>> 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 make you some money. my job is not just to entertain you, but to educate, teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer >>> the stock market is is supposed to be a forecasting machine what the economy will look like in six months. as an investor you hav

was too high on friday, what happens then i really just don't get it clearly i don't get it >> steve grasso >> yeah, i think bk brings up a really important point on this that the s.e.c. is usually involved or gets concerned when somebody pumps up their stock. so i don't know if they do anything in this scenario, but as phil said, he lost $13 billion the last time he got fined he got 40 million from the s.e.c. i don't think he cares but to make it tradeable, support in the stock is around the 650 level, and resistance is 767 that's the last place where they raised money it's a trading vehicle right now. >> it is ironic that the s.e.c. would get in if somebody's pumping up the stock, but that's actually causing harm and loss to shareholders, they may not even step in that's an aside. coming up, a crypto comeback, why a break is on the horizon. and canopy growth, what's got this pot stock popping stay with us every financial plan needs a cfp® professional -- confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours

. >> tonight's trader lineup is guy adami, tim seymour, steve grasso and more troubles for the airline industry plus the gold miners and they'll break down how they're making the big move and making the bacon how breakfast is giving a nice sizzle for this food stock. the financials leading today's charge rallying 2.5% and check out this move in wells fargo, the stock climbing 7% today on reports that goldman sachs is considering acquiring the bank we don't normally talk about rumors or speculation except when the stock moves on it and it did so tim, what's your take on the action of wells fargo and what's your take on a possible m and a deal >>. >> well, this kind of news, first of all, this rumor was out a couple of days ago in the market and the market participants didn't do anything with the move because we talked about the down move. this deal makes a lot of sense when we talk about the environment over the last couple of years for both of these players. i think this deal would be a ridiculously difficult deal even if we're going hypotheticals to get through on the regulatory side

i've been a sideways trading since earnings i'd take blackstone. >> steve grasso?oft just seems to be a performer before the pandemic started, sold off and gave you a steep discount and now it's at or around all-time highs and this is going to be one that will make the economy more efficient even when we get back to work. i'm staying long and i think we'll look back on this when it's trading back above 200 and say how did we miss that >> karen finerman? >> i feel like a pullback is in order here, but of course, i like what i own. so with the spy, with the vix on the spy elevated as it is i don't want to pay up to buy puts, but instead i will sell out of the money calls so that's my final trade sell spdr calls. >> guy adami >> the twitter traded particularly well despite a lousy tape and some tweets from president trump, so i think you stay with the twitter there, mel. >> thank for >>> 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" st

let's go yield hunting with steve grasso welcome to you both. michael farr, i'll start with you.safe to pick up good yields right now >> you know, kelly, when you see a good dividend, that can be a great thing. when you see a really big dividend, that can be a bit of a warning. there's a reason that the people are paying a whole lot more than the u.s. treasury. u.s. treasury right now, ten-year, .7 so if you can get a couple of points, couple in dividend , we think that's good. i like the blue chips, pepsi, proctor and gamble, johnson a& johnson. close to 3% dividend out of those and i'd rather be with those balance sheets than some companies that are going to struggle in order to maintain cash flow and find way to pay those dividend holders >> and steve, michael just mentioned names that have been b relatively steady. everything is relatively speaking a lot of people are concerned not just about the dif dend going away, but also the yield is so high because the yield declined so much or may do so again in the future. >> right so i agree with all of michael's picks. i always like

guy adami, tim seymour, karen finerman and steve grasso.rict nyse rules and requiring to wear a mask at all times while on the floor the income data and why the headline number may not be telling the first story and we'll break down how we can trade it one of our traders is saying namaste to this name and cannabis, we will find out what went wrong with canopy

tonight's trader lineup, guy adami, tim seymour, steve grasso and karen finerman will appear in the boxe warning from the ceo that sent a shock wave through the entire airline industry and the fed entering uncharted waters and how you can trade this unprecedented move. later, hungry for a deal we'll tell you what sent shares of grub hub soaring. we begin with the late-day sell-off sliding down into the close, the dow down 57 points

. >> tonight's trader lineup is guy adami, tim seymour, steve grasso and more troubles for the airlinell break down how they're making the big move and making the bacon how breakfast is giving a nice sizzle for this food stock. the financials leading today's charge rallying 2.5% and check out this move in wells fargo, the stock climbing 7% today on reports that goldman sachs is considering acquiring the bank we don't normally talk about

tonight's trader lineup, guy adami, karen finerman, and tim seymour and steve grasso how you can rideing play and what center shar

s&p is hovering above a key level investors are watching that includes the likes of stev grasso steveificance psychological? >> it's also the midpoint from the all time high to the resent low that's the 50% mark. so that's where you get the bull bear to date the push and pull happens a lot around that level where people want to use conviction above that level because if you're buying stocks and below that level, they want to push them for sale or they want to buy things on weakness and obviously the latest thing we've heard has been the new u china debate again on tariffs then warren buffett today selling the airlines >> i want to ask you b about that you say you don't expect the market to go lower again until the economy starts to reopen what do you mean by that >> so i think you know very difficult to sell this market when the fed back during the financial crisis, it was basically, they were too big to fail now it's no one will be allouedo fail so until we start the economy or things don't go as quickly as people think or death tolls or infections rise again, i don't think you can s