ten years, that set yields back down, below 1.3% so let's kick it off and tie it all together steve grasso what does all this market action that we've seen recently telling you, are you getting nervous at all? >> i think as a trader, brian, you're always nervous, you never think you have all the answers you threw a lot of information out there, and the one thing that has been the constant is even with a lot of these different pullbacks that we've seen since the pandemic low is that the market continues to go higher so what do you make of that? and the reason why the market has gone higher is that chair powell is in the market's corner i don't think he can do anything everyone's worried about taper and everyone's thinking about when that's going to take place. but if you really think about it, he has delta to give him some fallout shelter in his quest for tapering, which i don't think he wants to do we know eventually he'll have to do it. but it sort of does give the all cleek sign, with different pullbacks. i'm sure we'll talk technicals, where you can see the market giving back a substant

a potential merger here might mean new breakthroughs in detecting cancer early >> steve grasso, yi knowe you know. maybe exact sciences is on the hunt for bargain their stock was at 60 bucks in january. it's lost half its value you're take on these headlines >> yeah, i think this is defin definitely i shouldn't say definitely it doesn't come into trading i would be a buyer of this one you have to look at the recent low which is around the mid-90s. 96 and change. when you look at the life sciences group or sector, bryan, everything has been dominated by covid. this one is not dom fnameinated covid. i think you're getting a bargain price on this one. if things move in the other direction and if we can see some mna, i believe this is an area where people will focus on sooner rather than later like i said, covid has dominated the headlines and this one has been flying under the headlines. >> there's still a lot of bad stuff out there that we have got to deal with now and in future as well outside of covid steve, thank you very much >>> on deck, why the new goal is looking a lot like the old

citi. >>> time for the final trade steve grasso >> sonos, i'm looking for continued strength on the backthe best of luck i think it can move much higher from here. >> nadine turman >> quanta. 70% of the revenues will benefit from the new infrastructure bill they're gatekeeper for construction labor we know prices for labor have been going up. >> tim seymour. >> wonder if guy adami told her to pick that >> bank of america this was quietly a show tonight about banks. we were talking about rising interest rates, talking about fundamentals i think where you have cyclicality in banks, you have a great bank drop on those charts. >> okay. i want the "fast money" fans to know melissa lee said david lee roth's van halen was the only van halen. >> she knows. >> i didn't know there were different singers. >> i didn't know >> black stoen deutsche bank. >> thank you all for bearing with us and watching "fast money. see you back he moertorrow at 5. "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's alw

steve grasso, nice move here on the back of this >> yeah and you would have to play mgm for the samed toward las vegas and they do in a normalize world.2 billion in revenues so stay away from things that are gauged against knack ow, so stay away from lvs or wynn and say china will come back eventually and go back that way but i'm a buyer of mgm on the the back of cesar. that seems like a no-brainer if you look at the charts, they are identical and they both stopped on a dime on the the 200 day. >> the convention business does seem to be coming back i'm getting emails about conventions in various locations for the back of the year >> you love conventions. >> just as much as anybody else. i do, tim. >> i think something else just quickly on caesars, how about the online sports betting and i-game this is really what i think is driving this multiple. so i don't care about vegas. i care about the trends and this is where i think the premium has been put in. caesars over mgm and i think some of the competitors and think that is the driver. >> let's get back to contessa. we're talking about

questions and the one about exclusivity will be key and in the next few days thank you, kate rooney steve grasso, what do you take on this? >> well, it is obviously what you see in the price action, it is extremely bullish for a firm and a and the short interest is under 10%. but it begs the question how much was bezos involved in this, if at all, on this decision. how long was this decision in the making and to what kate just said, who decided to go this route versus do it your own. why couldn't amazon do this on their own? they have a credit card, they have every other payment options. this seems like a no-brainer to do it on your own. so i think it is 100% bullish for a firm i'm still questioning why amazon won't just do this in house. so that is the only head scratcher for me not that that even means anything. >> bono, what do you think. >> i think in terms of scope, it is positive for a firm it is after hours trading on a friday so you're going to be light there. the real question if i had a bone to pick to t would be about profitability and margin when you find yourself in business with am

. >> so steve grasso, glad to be with you so now you and i have head conversations over last years, based on the word transitory where do you stand now, this has to be so perplexing for everyone in your field, in your space, and you watch this on a da day-to-day basis, what do you think about, a., the ten year and the word transitory and how chairman powell has been dealing with this? >> so, i want to give you a full answer on that but i want to tick off one aspect of this. because one of the things that i have been, i will say most surprised about, is that the inflation problem did not matter tremendously to companies. i think that is one of the most interesting aspects of this whole inflation story. when you look at profits and what we did is we chronicled almost every comment with robert hung and richard wells, every comment about inflation and looked at how the companies did, they largely did well. so you could have predict the this inflation, but i'm not sure you would have made money betting against companies in that regard. so put that to the side. that is one aspect you ask me abo