tonight's trader line-up guy adami, tim seymour, karen finerman and steve grasso. we are charting this selloff plus, a metals meltdown. gold getting crushed in today's session. later a rare green spot in today's sea of red the one tech name that was a true high flyer. we start off with that late-day selloff. stocks getting smoked in the close as the dow posting a 700-point swing. the market took no prisoners all 11 s&p sectors closing in the red. today's big reversal coming si months to the day from the march bottom is this market recovery starting to stall is this a giant warning shot of more pain to come? tim, what do you say >> well, we've been stalling since september 4th. we had such extreme, i think, euphoria in stock prices at that point and we continue to kind of suffer the consequences of where we've come from. today's news was a combination of i get the sense this is more fear of covid uptick you see what happened across europe you see also kevin flynn, our producer, wanted me to talk about pmis because he loves them so much. here we go those pmis show th

guy adami, tim seymour, steve grasso and victoria fernandez. fedex shares on the move we'll bring you the big headlines. plus nikola shares tumbling on the after hours on reports the justice department is now looking into claims the company misled investors later steve grasso is taking the mound to pitch his next best idea all that, but first the latest from today's apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1.3% citi dropping 7% today under pressure that regulators could crack down on the bank's risk management systems the stock is now down more than 12% in the past two sessions guy? >> dan nathan has been talking about this for a while one of the things we've said is today's banks are much different than ten years ago they've become utilities you have to look at them differently and you have to factor in valuations much differently. i'll say this quickly about citi right now at $45 the stock is now trading 63% of tangible book, assuming that tangible book is accu

tonight's trader line-up tim seymour, steve grasso, jeff mills. coming up on "fast" the chart master's big warning for big tech carter worth has five charts that show more pain ahead for the tech trade plus, a tiktok takedown, china drawing a line in the sand nikola fires back. ♪ >> what's up, everyone first of all, i never take any

steve grasso, i want to go to you. we never got your take on this prediction for a big pullback which will start next week what do you think? >> i love data james gets a thumbs up for that. i had felt as if we should back off 20% as well. that's why i threw out that number of 2850 i think we're heading there. when you look at generational bottoms, when we look at the covid bottom, it took 23 days to go from the highs we saw pre-covid to the covid low of 2191 then it took 99 days to get back to that level. so the question is, as we said the last time i was on the show, is it a dip and you have to pick your dips worth buying i think you could start to nibble once we break 3,000 in the s&p. to do it now, you're setting yourself up for failure. >> to break 3,000, more specifically 2850 was the downside he felevel you actually cited. that's the level you would say that's my dip. >> that's my dip my dip is 2850 i want to be about 20% down from all-time highs i think carter had just mentioned, once you go down ten, the median

steve grasso, bonawyn eison, jeff mills signed, sealed, delivered and a big bold call on fedex one mega bank says that stock may be set to double we're going to find out why. plus, tiktok goes the clock. we're all over late-breaking developments on tiktok and wechat negotiations coming down to the wire. later on, where's the beef what fed shares of beyond meat into the grinder today we're going to begin with the world's biggest company in a little bit of a world of pain lately that is apple falling another 3% today. it is now down 22% from its record high earlier this month that, my friends, a market cap loss of only, you know, $500 billion. put that into perspective. that is equivalent to an entire visa, a j & j, maybe a walmart and a proctor & gamble shares of alphabet, facebook and amazon also dropping this week is this just a tech timeout or do you see a rollover and maybe some more pain ahead on the tech trade? >> no. i see a rollover this is something that i positioned myself forprobably about a month and a half or a month or so. when you look at apple, apple is 13% of the qs, ama

tonight's trader line-up tim seymour, steve grasso, jeff mills. coming up on "fast" the chart master's big warning for big tech carter worth has five charts that show more pain ahead for the tech trade plus, a tiktok takedown, china drawing a line in the sand nikola fires back. ♪ >> what's up, everyone first of all, i never take any belie [ bleep ]. >> more of his reaction straight ahead. we start off with the tech wreck, the nasdaq dropping for the fifth time in six sessions, down more than 10% from its record the index closing the week with its wbiggest loss since march apple, facebook, all the big names tumbling this week is this an ominous sign for the market jeff mills, what do you say? >> i think in the near term that it probably is ultimately, i don't think this is the rotation we've all been waiting for. near term, i do think there is more room to the downside. i think just focusing on the technicals right now is important, because these things clearly aren't trading on fundamentals it looks like a lot of these stocks have breached that le

>> copper, southern copper >> steve grasso?g out buy, buy, buy. >> oil >>> 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 to the just to entertain you but educate and teach you. call me or tweet me like

we'll speak with steve grasso.e of his top picks next don't forget, you can always watch or listen live on the go on the cnbc app. ♪ come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ a lot goes through your mind. how long will this last? am i prepared for this? are we prepared for this? with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations, with access to tax-smart investment strategies designed to help you keep more of what you've earned so you'll know you're doing what you can for your family and your future. that's the clarity you get with fidelity wealth management. >>> welcome back it's been a wild ride for stocks today. the dow climbing 234 points at the high and down 400 at the lows a couple minutes ago. similar for the nasdaq it was up 1.5% it's down that exact same amount here now is steve grasso, the "fast mone

steve grasso has a question for pete steve? to chart this, first of all you already addressed the issue that it looks like it's running out of momentum backing off from that 42 price level if i start to chart the airlines against this stock, for the obvious reasons, this stock benefitted so much from the closure of the economy and no one flying anywhere. but once a vaccine comes about, does that make you worry that other forms of transportation and vacation are going to come back onto this detriment of this stock? >> i think it would be a little bit of a concern, steve. but i think also when you're looking at this company, i have to analyze a lot of different aspects of it. they've taken market share they have inventories down significantly, about 30% that speaks for itself in terms of the management. i think the company is doing everything right the used market really has my excited as well. >> the used rv market? >> yes. >> maybe people will experience this, steve, and decide they love camping and want to camp again and again

tonight's trader line-up, guy adam meerks t adami, tim seymour, karen finerman and steve grasso. deal drama lvmh calling off its tiffany takeover disney facing big backlash for the new mulan movie. we start with a major new development on a tiktok takeover julia boorstin has the latest. >> sources confirming to me that bytedance is continuing to explore options with the committee on foreign investment in the u.s. about a restructuring of the company that would avoid a full sale of those u.s. operations. now, my sources tell me that long before president trump set a deadline for tiktok to agree to sale of its u.s. operations or have the threat of being shut down, bytedance was negotiating about various options. one option being discussed is a restrucking in which bytedance would maintain ownership stake but wouldn't have any control over u.s. operations one u.s. company could take a minority stake and be an operating partner, say, have microsoft or oracle be tiktok's cloud operator and manage the u.s. data in a way that u.s. regulators could feel comfortable with everything i'm he

lee and this is fast money tonight's trader line-up guy adami, karen finerman, dan nathan and steve grasso. a tech wreck rocking the markets with apple, amazon, alphabet and tesla combining to lose $500 billion in market cap today alone. >>> plus, what the vix can tell us about just how long the pain of today's market could last and if you got questions about what to do after the selloff, we'll get you some answers in this special hour at 6:00 p.m. >>> we start off with all the red on wall street, stocks retreating from all-time highs as the dow drops over 800 points in its biggest one-day decline since june tech starts dropping nearly 6%, snapping a ten-day win streak. is this only the beginning guy adami, what do you think >> hi, mel remember the carpenters? the car ppenters are one of my o five favorite bands. >> we've only just begun >> as i've said many times, 24 hours does not a day make. i don't want to get into the vix but i will say we've talked about it now for the better part of a week and a half despite the that the broader market was rallying, the vix was trying to tell you so

guy adami, tim seymour, steve grasso and victoria fernandez.g you the big headlines. plus nikola shares tumbling on the after hours on reports the justice department is now looking into claims the company misled investors later steve grasso is taking the mound to pitch his next best idea all that, but firsth

>> copper, southern copper >> steve grasso? >> pse is breaking out buy, buy, buy. >> oil >>> 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 to the just to entertain you but educate and teach you. call me or tweet me like @jimcr. so much of what you see on your screen is driven by not the feds' comments, a little boring with the zoom box or retail sales that we got or housing numbers. but what is happening at the morning's research meetings all over the country today where the down gained 37 points and the s&p dipped and the nasdaq lost 1.25%. more on that later today seemed like it was dominated by the fed in the amazing snow flake ipo and as someone that helped bring the microsoft ipo to goldman sachs, i know a big deal when i see one. more o

tonight's trader line-up guy adami, tim seymour, karen finerman and steve grasso.metals meltdown. gold getting crushed in today's session. later a rare green spot in today's sea of red the one tech name that was a true high flyer. we start off with that late-day selloff. stocks getting smoked in the

tonight's trader line-up, guy adam meerks t adami, tim seymour, karen finerman and steve grasso.acklash for the new mulan movie. we start with

guy adami, pete najarian, dan nathan and steve grasso.ve prediction about the election what it could mean for your money. >>> we've got a new game we'll see if the traders can keep up. plus, need a vacation? pete has a fast pitch on one travel stock h

tonight's trader line-up tim seymour, steve grasso, jeff mills.how more pain ahead for the tech trade plus, a tiktok takedown, china drawing a line in the sand nikola fires back. ♪ >> what's up, everyone first of all, i never take any

this is fast money guy adami, tim seymour, steve grasso and brian kelly snowflake surging in its publicngs

steve grasso, bonawyn eison, jeff mills signed, sealed, delivered and a big bold call on fedex one mega

lee and this is fast money tonight's trader line-up guy adami, karen finerman, dan nathan and steve grassolphabet and tesla combining to lose $500 billion in market cap today alone. >>> plus, what the vix can tell us about just how long the pain of today's market could last and if you got questions about what to do after the selloff, we'll get you some answers