later on, it is game on as the fortnite world cup kicks off $30 million on the line and we put tim seymouro the test with some of the world's top players and we'll find out how he did. we begin with breaking news out of washington just moments ago president trump talking everything from tariffs to apple to the dollar to fed chairman powell, just moments ago kayla tausche was listening in live at the white house. >> it was a grab bag of topics for the president just days ahead of the first round of face-to-face negotiations since a truce with china at the g-20 president trumpinjected pessimism into the outcome listen >> china will probably say, let's wait, it is 14, 15 months until the election, let's see if one of these people that give the united states away, let's see if one of them could possibly get elected and i'll tell you what, when i win -- like almost immediately they're all going to sign deals. >> of course, that was the strategy that china employed going into the 2018 midterms, and the truce at the last g-20 was notched just a couple of weeks afterward. but it is unclear whether

there's something tim seymour says wall street is missing about the move he will read the weed leaves>> stick with us. >> a handful of stocks have been sitting out this record rally, but one of the traders says there's a big dow lagger about to catch up. he will tell us what that is much more "fast money" right after this ♪ limu emu & doug mmm, exactly! liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him. ya... he'll figure it out. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> welcome back to "fast money" the cannabis industry is up in smoke after canopy announced ceo bruce linton was stepping down i spoke with bruce after the announcement. >> i think stepping down might not be the right phrase. on november 1st we closed $5 billion, 4 u.s. billion for about 17% of the company and a condition of th

and mike coe and his copilot tim seymour think the stocks are ahead.y'll layout the trade plus the dow hit a new record this week. but there's a handful of stocks sitting on the bench >> the kid is a l-7 winning. >> take a chill pill, smalls because there's one name to play for a break out. he'll tell us what that is >>> and -- ♪ take the money and run ♪ >> financials have been on fire, but mike coe says it could be time to take your money and run. as the group gears up for earnings this month, it's time to risk less and make more the action begins now. >> we start with the famiinanci, a bright spot in the markets now up 6% in just the last three months but with earnings season just around the corner should you take your money and run, let's get in the money and take it over to mike coe in san francisco. hi, mike >> hi there. yeah, so you know, financials in an interesting situation as you pointed out. it's a great performing sector this year. one of the reasons for that clearly was when they hit those lowes in december, a lot of the big names in the g

times square this the "fast money" i'm melissa lee, your traders on the desk are pete najarian, tim seymour and guy adami. stock tumibling as the fed raising rates for the first time in -- cuts race, excuse me we will break down the four words that set off the powell plunge, plus instant market reaction from jp morgan's marco kalonivic. steve liesman is live in washington for us with the fed fall-out a big day. >> a big day, melissa. we get not only tweets about what the fed is going to do but instant tweets from the president about what they just did. the president tweeting about the decision by the federal reserve and j. powell saying, quote, what the market wanted to hear from j. powell and federal reserve was this was the beginning of an aggressive rate cutting ti cut cycle that would keep pace at usual powell let us down. no inflation we are winning anyway but i'm certainly not getting much help from the federal reserve that's the president of the united states. the federal reserve cutting rates for the first time since 2008 today, bringing the rate it controls for overnight lending am

i will go to the biggest bear on the desk and that would be tim seymour who went short on tesla in theumbers. >> i don't think it changes the bear thesis. i don't know how we can answer demand first of all we moved the bar so low in terms of the second quarter deliveries if i had numbers up, we are still averaging about 350 which is below their 360 to 400 which is if they can continue to do this i think we knew they were going to pull a few rabbits out of the hat for the second quarter i think they have to to not talk about financials with this company is to really miss one of the biggest issues, but i think, look, good for them the reality is the other issues that this company is facing they continue to see mass exodus from their executive ranks. they had three more important people in the last week including their head of production, their head of engineering, steve mcmanus, announced, their head of europe announced. in a couple of cases it is to go to key competitors look, to me the issue is i think demand is very much still in question i think the company is going to also tell you

there's about to be the ultimate tag team with mike khouw and tim seymour on soaring airline stock deltau won't believe how high they see it going >>> plus calling all "options action" fans reach into your pocket, grab your phone and tweet us your question @option action. if it's nice, we'll answer it on air, when "options action" returns. ♪ "options action" is sponsored by think or swim by td ameritrade ♪ ♪♪ ♪♪ i'm not really a, i thought wall street guy.ns. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >>> welcome back to "options action," delta hitting a bit of turbulence after a nearly 20% run this year. y

tim seymour, guy adami and pete najarian the fcc has approved a $5 million fine for the facebook giant. plus johnson & johnson not out of the woods yet, the doj launching a criminal probe into what the company knew about the cancer risk in the baby powder first we start off with judgment day for the markets. stocks soared to all-time highs as earnings get ready to kick into full gear next week with the banks ready to report but names like netflix, microsoft, ibm, all on deck will earnings season spark another leg of the rally or could it derail this market? guy adami. >> i mean here i'm going to say it is going to derail it because i have been obviously bearish. i think the markets are all over incorrectly for quite sometime, but for the life of me i can't believe earnings -- you will be able to build momentum from what we have seen on the back of earnings, which at best will be tepid. we have seen the preannouncement. maybe i'm wrong, made guidance will be good maybe we will get some surprises, but in my world earnings can only disappoint given we're at all-time highs in the s&p. >> c

up, up and away >> delta shares have been up, up and away this year mike khouw and his co-pilot tim seymourhink the sky is clear for the stock earnings next week they'll layout the trade plus, the dow hit a new record this week, but there's a handful of stocks sitting on the bench >> the kid is a l7 weenie. >> take a chill pill smalls, because the chartmaster says there's one name to play for a breakout he'll tell us what that is >>> and -- ♪ take the money and run >> financials have been on fire, but mike khouw says it could be time to take your money and run as the group gears up for earnings this month. it is time to risk less and make more the action begins now. >>> and we start with the financials, a bright spot in the market today the xlf etf hitting a high, up 6% in the last to months shoo you had take your money and run? let's get in the money and take it over to mike khouw in san francisco. hi, mike >> hi there. financials in an interesting situation as you pointed out it is a great performing sector so far this year, and one of the reasons for that clearly was when they hit the lo

market site overlooking new york city's times square live, i'm million your traders the desk are tim seymour, karen finerman, dan nathan, guy adami. a trifecta of tech titans wrapping up the busiest earnings day of the season. alphabet, amazon, intel, all on the move in the after hours session. those conference calls getting under way. josh lipton just got off the phone, deidre bosa standing by gene munster is ready to break down the headlines coming out of the calls. alphabet soaring after the company beat on both the top and bottom lines guy adami. >> yes, mel. >> what is your take on this big surprise >> you know, dan, i and karen were talking before the show tim gets here typically with 40 seconds to -- >> hey. >> it is true. >> i said this quarter came out of nowhere and dan made fun of me as he typically does. the eps beat is extraordinary, beat on revenue. good for them. stock buy back operating margins 24%. i said to karen, i don't know, you can make this argument, i don't know if it is true or not. google, alphabet may be cheap you now than with the move yesterday. to karen's point

overlooking times square i'm melissa leer pete gentleman a jairan, tim seymour and guy adami are here shareholders have been left in the dust we have got the details. plus, boeing anding the day in the green despite deliveries dropping 37% for the first half of the year. is all of the bad news already priced into the stock? technician explains why he says buy boeing now first we start off with the make or break moments for the markets. that's right, all of wall street is bracing for two days of testimony from fed chair jerome powell on capitol hill along with the fed minutes, which will be released tomorrow it is all going down as the market hovers at record highs. so can powell deliver and is the fed about to spark another record rally guy? >> yes. >> why -- >> why eye of the tiger? why survivor >> that song is brutal. >> it is not brutal. >> you chose that, right >> it is who >> survivor. >> oh, yeah. >> i allow 10 seconds of needless chitchat. >> because we have to. we usually do 59 minutes >> guy, can you please. >> i thought the market is going to roll over for quite sometime. th

. >> it is tim seymour, proffersor as you look around the world for value, u.s.heavy dominated fed environment seems to have outperform nerve if the tre if the trend continues u.s. is going higher. >> european companies look cheap but deserve to be cheap. if you look at european companies, many of these companies are walking dead companies. they're companies in sectors with very little growth, where there's not much capacity to create value so i think the u.s. is still where the value is going to come from, even though it might look expensive on a pe basis. i mean i look at asia, and asia is actually much more expensive than the u.s. in terms of what you're paying for even earnings and growth so i would pick, you know, u.s. companies over indian or chinese companies right now in terms of a purely value basis. >> i want to ask you about boeing, professor, and how you value boeing when so much of its problems are something that can't be put in a model, the 737 max woes. >> i think that ultimately though you have to face the reality there are only two companies in t

traders on the desk are tim seymour, chris verrone, and guy adami.e kick things off with an earnings alert on apple. moving in a big wear after hours, the company's conference call is getting under way. full-team coverage, "fast money" friend gene munster is manning the call and josh lipton has the takeaway from the big quarter. >> a few things we want to get into as the call kicks off one obviously will be iphone revenue, it is $26 billion, basically in line with what the street was looking for it is down 12%, but it is an improvement from q2. remember, it was down 17%. i had a chance to catch up with ceo tim cook i asked what kind of impact the trading program was having there. remember, one big roll here for the iphone franchise, why it is facing challenges, the replacement cycle is getting longer i asked cook is the trade-in program impacting that at all. he said it was, it was a key reason for the sequential improvement. services will be in focus, $11.5 billion. though apple has the one-time litigation settlement. it is up 15% from the comparabl

tim seymour, karen finerman, marc tepper and guy adami are on the desk check out the after hour action. chipotle, snap and texas instruments on the move. we will break down the headlines for you. ups is upping the delivery game, what the company announced that could deliver big time for investors. to infinity and beyond, beyond meat hitting another record high in today's session can anything stop the stock? we are digging in. we begin with breaking news out of washington, the justice department launching a big probe into big tech. let's get the de-tais with ylan moye. >> we have confirmed that the department of justice is announcing a broad antitrust review of big tech likely to include amazon, facebook, google and apple. in a statement, it was set that without the discipline of meaningful marketplace competition, digital platforms may act in ways not responsive to consumer demands. he went to say that the department's antitrust probe will explore these important issues the focus of the new inquiry will be whether companies reduced competition, siefld innovati stifled innovation or har

times square this the "fast money" i'm melissa lee, your traders on the desk are pete najarian, tim seymour fed raising rates for the first time in -- cuts race, excuse me we will break down the four words that set off the powell plunge, plus instant market reaction from jp morgan's marco kalonivic. steve liesman is live in washington for us with the fed fall-out a big day. >> a big

tim seymour, guy adami and pete najarian the fcc has approved a $5 million fine for the facebook giantplus johnson & johnson not out of the woods yet, the doj launching a criminal probe into what the company knew about the cancer risk in the baby powder first we start off with judgment day for the markets. stocks soared to all-time highs

overlooking times square i'm melissa leer pete gentleman a jairan, tim seymour and guy adami are hereve been left in the dust we have got the details. plus, boeing anding the day in the green despite deliveries dropping 37% for the first half of the year. is all of the bad news already priced into the stock? technician explains why he says buy boeing now first we start off with the make or break moments for

traders on the desk are tim seymour, chris verrone, and guy adami.ings alert on apple. moving in a big wear after hours, the company's conference call is getting under way. full-team coverage, "fast money" friend gene munster is manning the call and josh lipton has the takeaway from the big quarter. >> a few things we want to get into as th

tim seymour, karen finerman, marc tepper and guy adami are on the desk check out the after hour actionas instruments on the move. we will break down the headlines for you. ups is upping the delivery game, what the company announced that could deliver big time for investors. to infinity and beyond, beyond meat hitting another record high in today's session can anything stop the stock? we are digging in. we begin with breaking news out of washington, the justice department launching a

market site overlooking new york city's times square live, i'm million your traders the desk are tim seymourami. a trifecta of tech titans wrapping up the busiest earnings day of the season. alphabet, amazon, intel, all on the move in the after hours session. those conference calls getting under way. josh lipton just got off the phone, deidre bosa standing by gene munster is ready to break down the headlines coming out of the calls. alphabet soaring after the company beat on both the t