traders are tim seymour, steve grasso josh brown and guy adammy. tonight on fast oil's massive spike, crude soaring back above 60 bucks a barrel ghu is this the real rally on deck? next week with the kickoff to opec, a top energy analyst weighs in. plus billionaire investor paul singer says now is the time to get against treasuries. will he get burned like so many before on his next big short? first to the story rocking the street bristol-myers tanking, more than 7% on data released from asco that could send drug company stocks plummeting. don chu has more on this developing story at headquarters. don? >> we're getting back some of the big losses in the afterhours. right now it's up 34 cents, about a half percent. it's gotten back on 176,000 shares of volume but bristol-myers squibb tumbling today on disappointment over what appeared to be strong results from a study of one of its cancer treatments called opdivo. this drug did improve survival rates for patients with the most common form of lung cancer but it didn't work as well when tumors had a l

lets you see a list of the user's most searched music and we took a look at top three songs that tim seymoureen looking at lately. >> let's see. >> number one, one direction "what makes you beautiful" because tim apparently is trying to keep up with the kids. >> thank you. >> number two "i think we're alone now" by tiffany on those nights. >> a being lo time since tiffany was popular and i'm bringing her back. >> got a soft spot for tif and his most searched song the barry manilow classic "looks like we made it" which is climbing to number one in the u.s. adult contemporary list in 1977. >> it was that or "weekend in new england" or "mandy," another big one, too. >> hold on. >> human shazam. >> my three top ones, folks, bring them back. >> if they were thinking back in the control room, our correct staff. >> "looks like we've made it. ". >> barry. ♪ >> excellent. >> coming up next on "fast," gap moving lower after earnings report. right after the break we hear from the gap ceo art tech on the quarter and alibaba jumping 3% today on a bushel nod from wall street. we'll tell you the one trade

our traders tonight are tim seymour, steve grasso, guy adami. just over 24 hours until the fight of the century and we are going live to the heart of the action in vegas, the official weigh-in, about to happen in a matter of moments. the president and coo of mgm resorts joins us live from inside the venue. >>> plus, tesla energy launching with i charge, but will the real electricity come from earnings next week or is the stock about to burn out? >>> first, we start out with the majorit market, because it was a case of the good, the bad and the ugly for the stocks this week, the s&p closing out in negative territory and rising rates and higher oil gripped street, the ten-year yield above 2%, oil hovering below $60 a barrel. let's kick it off with the good. tim? >> the good, the bad and the ugly movie, clint eastwood, one of the best, great soundtrack. copper this week. if you look at what -- can we stop with the music? i mean, it's tough for me to concentrate. copper to me, if you look at all the base commodities, especially of the industrial met

tim seymour, last word to you. what are you keeping your eye on?for me to believe a stock that's trading at 59 forward earnings doesn't have a lot of takeover earnings in it. this is the part of the market that's having trouble, high multiple, high momentum stocks. everybody who cans have been refuting the premium. the stock trade is down. >> fair enough. be sufficient to stick around and catch more of tim seymour coming up on "fast money" at 5:00. salesforce earnings call also kicks off around that time. don't go anywhere. much more here on our special market coverage. "closing bell" continues in two. we live in a pick and choose world choose choose choose. but at bedtime? ...why settle for this? enter sleep number... don't miss the memorial day special edition mattress with sleepiq technology. sleepiq tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! now we can all choose amazing sleep, only at a sleep number store. save $500 on the memorial day

traders are tim seymour, steve grasso josh brown and guy adammy.il's massive spike, crude soaring back above 60 bucks a barrel ghu is this the real rally on deck? next week with the kickoff to opec, a top energy analyst weighs in. plus billionaire investor paul singer says now is the time to get against treasuries. will he get burned like so many before on his next big short? first to the story rocking the street bristol-myers tanking, more than 7% on data released from as

our traders are tim seymour, dan nathan and brian kelly. monster moves after hours from cisco, j.c. penney and plus the latest results from the slew of clinical trials coming out of a's coe right now. plus we're monitoring the ntsb press conference on the tragic train derailment in philadelphia. but first, we start with the news of the night. cisco slipping after hours despite beating on the uptop and the bottom line. this is the last call for the ceo. >> the expectations are not high going in. the fact they made the announcement about the ceo change, i don't think anyone is expecting some big changes here. john chambers is not going to lay an egg on his way out of here. i think it looked pretty decent. i think it's importance to remember in february when they reported, chambers was unusually bullish about different segments and geographically about some area that caused some problems. they were dealing with the strong dollar so it looks like more of the same from february. the stock is probably going to get bought on any weakness that we see in the coming days. >> it should be boug

tim seymour, appreciate it. catch much more of tim coming up with the "fast money" crew at 5:00.they thinks of verizon's $4 billion purchase of aol today. you don't want to miss that. >>> today the deal finally happened. it was verizon buying the company for nearly $4.5 billion. few saw this union coming. it could be a way to jump start verizon's move into content and mobile ads. we'll talk how and why, next. >>> and nouriel roubini will join us to talk when he thinks the fed will raise interest rates and how it will impact the bond market. you're watching cnn, business worldwide. ♪ ♪ see the whole picture... ♪ ♪ process critical information and put it in the hands of our defenders. reaching constantly evolving threats before they reach us. that's the value of performance. northrop grumman. can it make a dentist appointment when my teeth are ready? ♪ ♪ can it tell the doctor how long you have to wear this thing? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ the answer is yes, it can. so, the question your customers are really asking is can your busines

our traders tonight are tim seymour, steve grasso, guy adami.entury and we are going live to the heart of the action in vegas, the official weigh-in, about to happen in a matter of moments. the president and coo of mgm resorts joins us live from inside the venue. >>> plus tesla energy launching with i charge but will the real electricity come from earnings next week or is the stock about to burn out? >>> first, we start out with the majority market, because it was a case of the good, the bad and the ug

be sure to catch tim seymour on the other "fast money" traders, 5:00 p.m.g to jonathan krinsky who thinks the dow is doing something it hasn't done in the last 100 years. find out what it is. >> greg ip always good to see you. have a good long weekend. >>> when we come back apple's highly anticipated tv subscription service may now be on the back burner. we'll tell you why apple may delay the service and for how long. that's straight ahead. >>> and supporters of raising the minimum wage saying it will help poor workers. why does warren buffett say it will crush the very people it is intended to help? you're watching cnbc, first in business worldwide. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere... or not. but you know the difference. e*trade's bar code scanner. shorten the distance between intuition and action. e*trade opportunity is everywhere. >>> so apple may have called off plans to make a physical tv set. that's not stopping

on the upside, tim seymour talks about two and a quarter being resistant. we are smacked towards the upper end of that range. i will say this, the low in the tlt was basically the same low we made in early march. 121.5 give or take. i think the reversal was interesting. i still believe rates have lowered. all this from here to friday, it's a lot of noise in my opinion. they will tell the tale in my opinion before the rates go up over the next month. >> why do you say that? >> i have been in a camp of deflation for a long time to me rates go down. >> welcome andy. the guy has been right. what's interesting right now, i love something about oil. a lot of the charges see oil has been more of a recent move. some of these trades have been big trades that i think are starting to move and remember, the last two, three months, we have been dealing with the dollar trade. but the dollar has come up a little bit to me oil was a part of the rates group. oil would throw and force it back in january. because the deflationary force of energy prices are pulling down full t

. >> a pop for cable news stardom. 30 years ago tim seymour world was born. ish tim a very happy birthday with a very special -- >> oh, we had a malfunction with the lighting. >> look at that. >> what happened? >> i'll tell you what, can we cut that? >> shrinking like your age, tim. >> and i do believe that this cake was from baked by melissa. >> wow. >> melissa lee? >> no, baked by melissa. >> the company. >> i thought it was melissa lee. >> i am totally touched and this is like throwing the discus here. >> don't eat it all at once. >> make sure we have no more kids now. >> and make a wish. thank you very much. it's a pleasure. >> happy birthday tim. >> it's a pleasure to be here celebrating my birthday on "fast money." >> yeah. i like that. still ahead, crude is up again today while airlines get hit. will the rally in oil prices derail the rally in airline stocks? we're going to talk with top analysts who are still seeing big opportunity in this space. that is next on "fast money." >>> airlines up 1%. check this out. since the airline etf hit a 52-week low b

tim seymour, dana jerrian, steve grass so, why stocks will go 1 trillion sooner than you think. >> that analyst will join us in our call of the dauda. first, while are you worried about the late-day, the next great trade could be taking place as we speak. an under cover rally, morgan stanley, goldman sachs helping to push the broker dealer a new 52-week high at the session. could banks be your best bet? you have been on this trend a while. >> i have been on it. i think goldman sachs pushed against it today. now eventually it will get through there. the first, fourth time, fifth time, whatever it might be. morgan stanley as well moving to the upside. you look at these financials, go down a little further. look at the t.d. aper trades of the world the schwab reacting to the upside, pushing back up to that 230 levels. >> we haven't seen them in a long time. >> we talked about it in our lines in the sand show the 225 and ten year, it's an important level. people trading this know that the trade experience the 200-day moving average, in other words, in a rally mode, it's telling you how quic

tim seymour is in the saddle now. do you buy the rally? is this for real?ou want to fade this thing? >> if you look at what has come back and what the extreme moves we saw, we verse-- the fund flow data through yesterday said you lost 20 billion in risk assets i think that things were overdone and ultimately i think the dollar was oversold. i think the move in bonds everyone has spoken about are very, very important. we got up to 80 on the ten-year bund yesterday before a major reversal. europe is the one driving this even though we're watching the fed. if i'm looking to buy certain things that have come back this week, look at commodity, some of the minors that continue to trade throughout all of this transports and financials came back with a roar today. some of the stocks have been underappreciated and certainly facing head winds over the last couple weeks in europe. europe, the trade is back on for now. this is a qe trade back on. the dollar carry trade which is being taken off last week so me looks like people are gently getting back in the water. >> t

tim seymour, dana jerrian, steve grass so, why stocks will go 1 trillion sooner than you think. >> thatda. first, while are you worried about the late-day the next great trade could be taking place as we speak. an under cover rally, morgan

our traders are tim seymour, dan nathan and brian kelly. monster moves after hours from cisco, j.c. the slew of clinical trials coming out of a's coe right now. plus we're monitoring the ntsb press conference on the tragic train derailment in philadelphia. but first, we start

live from the nasdaq market size overlooking new york city's times square tim seymour brian kelly, karen 50%? that's what morgan stanley said today. we'll explain why they could be right and how you can profit. plus shopify shares soaring in its debut and we have the ceo of what could be the next huge ipo and here's a hint. the company is on your iphone and you use it at least once a week. hmm. let's start with the biggest story this hour. hewlett-packard moving higher in the after-hours session after reporting a mixed quarter. beat on the bottom line and missed on the