our traders on the desk are tim seymour, carter worth, dan nathan and guy adami the stocks surging toapoff a volatile week on wall street what is next for your money? we will lay it out for you also ahead, hitting the mark will target follow in walmart's food steps when it reports next week a billionaire battle, two titans with two different takes on where we are heading next. >>> about whew very the oe havet to settle the score. the stock market has seen big pops and drops as the bond market went bonkers. new fears a recession could be coming fuelling all of the volatility you can see the wild week right there. down 380, up 370, an 800 point decline and so on. how do you set up going into next week? >> first of all, great to have you on board. >> thank you. >> it is friday in the summer and you are here having done seven hours of live television today. >> without a pocket -- >> what does it tell you about my like of being here? >> it tells me you put in the effort, man. you put one down and one right behind it. >> a short show on friday. >> sorry. >> what does it tell me? it is one o

. >>> guys, let's trade this tim seymour, your reaction >> bryan, welcome. i think for j&j, you have two litigation overhangs, talc is one, this is the other one, this is a victory, i'm sorry, for a company unlike endo, this is a company that has plenty of resources to go after that more importantly, if you get to the j&j story, it's a diversified story, consumer products in addition to pharma this is a company trading at a massive discount to its peers on a sum of the parts basis and while that never really is totally a linear exercise this is an interesting moment for the company. >> i think what tim said is really important here. this is against j&j. the other cases coming up in ohio, that is against multiple different defendants and these defendants don't have the same type of resources or diversification that j&j has so as a trader, i would not take this move in j&j to mean anything for these other companies. the only thing it probably means is wall street is expecting around a billion dollars, this is $572 million so if there is a judgment, it's less e

traders are tim seymour, cavkar finerman and guy adami why one market pro says we are in a tactical noan's land ahead of this speech from jay powell in jackson hole we are keeping an eye on shares. the homebuilder reporting the move after the results later the big beef over chicken. wendy's, popeye's and chick-fil-a in a wrestle over who has the best chicken sandwich in the land we are here to settle the score. >>> we begin with a monster day for retail where something happened check out shares of home depot, urban outfitters, kohl's, all beating on ets but mixing on revenue. the stocks had a mixed reaction today. urban outfitters the big after hours mover, so which is telling the story of the health of the american consumer. what do you say? >> it is a great question. the health of the american consumer, we can debate it the one that tells the story to me is home depot i will tell you if we had a conversation last night and you told me all of the numbers home depot would report and you said, where are the stocks going to go, stocks are down 3% the exact opposite happened. i guess the

your traders on the desk are pete najarian, tim seymour, karen finerman and guy adami a wild wednesday on wall street, stocks tumbling early in the session only to stage a monster comeback we will find out what drove the big turnaround we are keeping an eye on shares of lyft. it has been a bumpy ride after session. we have full team coverage standing by to break down the big headlines but we begin with the market's roller coaster ride at one point the dow was down 589 points, but then came the turnaround yields started coming off the lows and stocks staged their biggest comeback of the year what was behind this tim. >> i think we just got so oversold, mel. if you look at the ten-year, we were actually at 20 years we hadn't been this oversold in relative strength or how you want to measure it, but you can measure it we went from 204 down to kind of 161, 159 i think was the low on the 30-year bond we got within a whisper, we might have touched, probably a bit north of the all-time historical low set on july 8th so when you came in this morning, it was bonds, banks and brent which were dr

. >> you can say tomato, toe mama but no matter how you slice tim seymour good. >>> i'm with don't cally mommy. >>ow

our traders on the desk are tim seymour, brian kelly, dan nathan, guy adami.t was a friday fade, folks, wall street closing out a turbulent week in the red. what can you expect for your money in the week ahead? we will break out our crystal ball plus, hungry for opportunity investors continue to chow down on those food stocks, but will this bing session end badly. oh, nice, right? and it is mall madness time. we will break down a few retail names that should be on your shopping list ahead of their earnings a lot of earnings next week in that sector. but we begin with that wild week on wall street it all started with a monday market meltdown followed by a turnaround tuesday then more wild swings throughout the week, and in the end stocks closed out the week in the red so are the wild swings here to stay, wild swings, wild things if they are, what, guy, is an investor like me to do >> first of all, tyler, i hope you're here to say you will be here in the next hour, number one. >> wild swings. >> first, buy the trogs, one of the only things. you remember that? >>

to the final trade now tim seymour. >> enjoy the weekend on the beach, folks unitedhealthcare i thinkealth care remains resilient. the earnings growth will be counter to the s&p and you are down 15% off the highs. >> b.k., brian kelly. >> monday morning, assuming, it is a big assumption, the vix is still in the 20s, i think you can buy some protection. spy, puts. >> karen finerman. >> what is isolated u.s. and shouldn't be involved here, cbs. this is what we do well, content. >> we do this well. >> when markets are in turmoil today. >> yes, they are. >> you know what rallies gold rallies you know what rallies more than straight gold? gold miner >> and bitcoin. >> and bitcoin for our friend bk. >> that does it for us don't forget, our "markets in turmoil" special on cnbc following "options action" at 6:00 ywrehe meantime, don't go anhe "options action" is coming up next ♪ maybe i'll win ♪ saved by zero through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from managing inventory... to detecting and preventing threats... to

our traders on the desk are tim seymour, brian kelly, dan nathan and steve grasso wall street wrapping up one wild week the nasdaq, the s&p handing in their worst weeks of the year while the dow just dodged that mark, but it has certainly been a roller coaster ride for your money after president trump turned up the volume on the trade war with china now that some steam has been let out of the record run, is now a good time to get in or, timmy, should you just get out? >> welcome you could call me orville if you want that's fine. welcome back. >> orville redenbacher bottom line, 350 bits at the lows today which are pulled back through the s&p. you traded through the 50, did things you are supposed to do, closed on a better level i will let the technical guys talk about the market levels a payroll number this morning showed a trend weaker in payroll. you had pmi all week to sell you the global manufacturing environment is in shambles you have a dynamic where i think corporate ceos -- if we had the trade rhetoric three weeks ago before we got into earnings season guidance i think would ha

and as my friend, tim seymour, likes to say, when you have a rising dollar like that, it is an actualrecking ball for emerging markets, currentsies for the equities and that got me thinks of the eem. here's a 15-year chart of this it's sitting on -- and i'll let charter speak to the charts in a couple minutes -- it's sitting on a massive uptrend that looks like massive support here and you know that thing from its january 2018 highs, it's in a bear market. it's down about 121.5% or so an i don't see without a substantive trade deal why this should etf rally and when you look at the price of options in the eem, it has pretty good support in 159% range, but if you go back over the last five years and looking at that chart right now, when we get global growth scares, implied volatility rallies that means you want to own options, specific if you have an inclination to the down side i think this trade is simple if you are not optimistic, and i think the president told you this week, by first running ahead of his trade negotiations by saying that we may not see a deal until after the electi

as my friend tim seymour likes to say, when you have a rising dollar like that as a actual wrecking ballor emerging market currencies and for the equities that got me thinking about the eem. when you look at this thing, here is a 15-year chart of this. it is sitting on -- i'll let carter speak to the chart in a up can will of minutes it is sitting on a massive up trend. that loose like massive support here you know, that thing from its january 2018 high, it is in a bear market. it is down about 21 1/2% or so, and i just don't see it without a substantive trade deal why this etf should rally meaningfully one last point i will make, when you look at the implied volatility, the price of options in the eem, it has some pretty good support in the 15% range. but if you go back over the last five years in looking at the chart right now, when we get global growth scares, this thing, implied volatility, at least the price of option rallies. that means you want to own options if you have a directional inclination, especially to the down side. so i think this trade is pretty simple if you are not o

our traders on the desk are carter worth, tim seymour, steve grasso and guy adami we kick things offith a tariff takedown, that's what it was stocks tumbling late today as president trump turns up the heat on the trade war with china, the dow giving up a 311 point game to finish the day deep in the red. we have full team coverage of today's dramatic turn of events. let's begin with the latest out of the white house where eamon javers is live for us in washington. >> reporter: the president just talked to reporters on the south lawn he was asked if he was concerned about the stock market tumble you were talking about in the wake of his tweet about the china tariffs. the president said he wasn't worried about it he, in fact, expected it he said it is because people don't fully understand what his tariff strategy is in fact, the president here blaming the market for not understanding exactly what his approach is to tariffs and to china. he was also asked by me exactly why he picked 10% as opposed to 25% or 5% on the tafrs he tariffs here is what he had to say. >> i did more than anybody

our traders on the desk are tim seymour, mark stafford, chris berhe reason and dan nathan. break out the eggnog president trump saved christmas, stocks soaring after tariffs were delayed ahead of the christmas shopping season. everything rejoicing as video games, toys and clothes get a pass but wait oh the telltale indicator of global growth concerns, the grinchy bond market barely budged today. was today's rally the last best chance to sell we don't want to rain on anybody's parade we are sure a lot of people out there are very happy that stocks rallied today, but at the same time for an asset class, the bond market that has moved so, you know, extraordinarily in the past week and a half or so, for it to barely move today, that's a head scratcher. >> first of all, let's be clear. love mariah carey whenever i can get her, especially in the heat of the august summer season. but what you are talking about is treasury is at three basis points we haven't been here since 2007. you have a dynamic with the bond market, long bond about to set historical lows. let's talk about the r

your traders on the desk are pete najarian, guy adami and tim seymour. another rate shock hit stocks, so where are the markets headed from here. we are digging in. also asaid, a $16 trillion warning from a top wall street strategist why he says the biggest bubble ever is about to break costco craziness this tells a tale of two chinas. yields moved lower, the bond market sending out the clearest warning yet that the recession could be coming with the yield curve at the deepest reversion since the great recession. is now the time to start worrying we asked this question because we said it only lasted a couple of hours, no big deal. here we are, two weeks later it has been at, near or inverted for the past two weeks. >> although .3 back in may. >> three months ago, true. now we have all of these indicators flashing recession, recession, recession should we -- >> you should always be worried i think, but i think with worrying comes -- pete uses the word all the time, trading opportunities. i think that's what you have now. he said something a couple of weeks

your traders on the desk are pete najarian, tim seymour and guy adami.e begin with an earnings alert on uber, that stock hitting the skids after reporting its biggest loss ever, but uber is reclaiming some of the losses, down just under 5% now the company's conference call is kicking off at this moment we have full-team coverage listening to the call. "fast money" friend gene munster is manning the red phone de dedra bosa, what did we miss >> they looked particularly ugly next to lyft's yesterday its quarterly loss was its biggest ever, now a large part of that was cost related to its ipo. but uber's also facing ride-sharing competition in markets abroad like latin america and india. competition is even stiffer in food delivery. we saw that play out in this earnings its either business, ceo telling us that it is likely they will keep losing money here for years as, quote, there's a lot of capital chasing a lot of growth. as for the question of overall profitability, this is what really matters most to the street, while lyft was pretty direct on their pat

the traders on the desk are pete najarian, tim seymour, karen finerman and steve grasso.he great american consumer to the rescue again retail stocks surging into today's session, target handing in its best day ever we are keeping an eye on share of elle brands and nord strzok, on the move after recording results. nordstrom's conference call is getting under way. we will break down the highlights we begin with a big move late in the session in the bond market, another possible recession signal being shot as the yield curve inverts again. we have had two inversions in a week, it is like inversion wednesday is here. are things different this time around, pete, because this time stocks barely reacted. granted, it was fleeting but we are ever so close to the inversion. >> that's true but the reaction i think does speak something about what's going on in the market right now, and i would also add volume yesterday, volume today, at least in the derivatives world, has been absolutely depressed. steve can talk about the nyc, but we are seeing volumes that were unbelievable. we are

tim seymour, brian kelly, and dan nathan coming up you'll hear from one long-term bull who says he is now the most bearish he has been in a very long time. also ahead a pulse check on the consumer, the three events coming down the pike that will tell us if the u.s. consumer is alive and well plus a call on bitcoin one wall street firm says the crypto currency is about to break out. the magic number they are putting on bitcoin right now but we begin with another tough day on wall street stocks hitting the skids as yields head south just adding to wall street's wall of worry wp goldman sachs, morgan stanley, ubs, bank of america all out with new notes raising the red flag on trade tensions hitting the market so what do we make of all this the sort of, i don't know, stuttering in the markets based on trade >> it's interesting that you're getting some of the macro folks around the street starting to become a little more concerned when in fact i do think that we've seen bond yields telling us something very dramatic 164 we closed on the 10-year dollar holding in. but i think the concern ar

your traders on the desk are tim seymour, karen finerman, guy adami. we will break down the headlines. we are watching shares of wynn and match, both stocks on the move after reporting results we are all over today's rally. stocks seeming to bounce back after the worst sell-off of the year is it an all clear we will debate that. we begin with a big mover after hours, disney. we'll go straight to julia boorstin with the details. >> reporter: melissa, in his comments on the call, disney ceo bob igor stressing that the lower than expected results on the quarter are results of the big changes he implemented at the company, both fox's acquisition and disney's pivot to embrace the direct to consumer business they're investing in right now igor just announced consumers will be able to subscribe to a bundle of their services for $12.99, they will get hulu, espn and disney plus, worth noting it is the same cost as netflix. take a listen to his comment here. >> our results reflect our efforts to integrate the assets, businesses and talent we acquired in order to

traders on the desk are tim seymour, karen finerman and guy adami.he selling is widespread with the dow dropping more than 800 points all 11 s&p 500 sectors finishing the day in red the market meltdown leaving investors on edge and sparking fears a recession could be on its way. what is your take on the day, guy adami? >> my take on the day is it makes a lot of sense volatility is here i think volatility will continue to grind hard. pete can speak to this when is it over? that's what everybody wants to know so i can pontiff indicatic. we are looking for a vix that climbs to 30, we have seen it peak out before. or you are looking for the s&p 500 to put in a low of 2690 or so, which is midway between the low we saw december 24th and the recent high in the s&p 500 of 3025 carter will be on and i'm sure speak to levels, but those are the things you are looking for in terms of it doesn't make sense, i think it makes sense and i will say this as well. the gold market has been telling you something like this has been in store for the last few months, mel. >

your traders on the desk are tim seymour, brian kelly, steve grals o grasso and guy adami one strategist says the countdown to recession is officially on. he will layout the timeline and when he sees the markets up and out. box and williams-sonoma moving lower after reporting. later, a royal rally, how king dollar got a boost from the queen. we will explain with today's move higher, stocks surging with the dow gaining more than 250 points energy, consumer discretionary, industrials all leading the way, this as the yield on the 30-year bond hit an all-time low so do you trust today's market rally? guy adami? >> hi, mel no, i definitely don't trust it but i will say this. as we get into the later part of this week, into a holiday weekend, there's an old saying -- steve knows this on the floor -- never short a dull market you could see the market flowing through over the next couple of days into early next week. i will say it again. i think it will culminate on the down side when the vix trades up to 30. with that said, there are trading opportunities here i will do a power pitch in back en

tim seymour, brian kelly, karen finerman and guy adami a monday market meltdown as wall street hands in its worst day of the year the selling was widespread all 11 sectors finishing the day deep in the red led lower by technology the cause china. that nation effective i. weaponizing its currency sending the yuan lower, turning the the trade war into what many are considering right now a full-blown currency war. we've got full team coverage of this dramatic turn of events let's things off with bob pisani live on the floor of the new york stock exchange. hey, bob >> and melissa, we had a tough day here i want to give a sense of what happened last time china devalued its currency. this was about five years ago in august 2015. the last time china devalued its currency was in august 2015. that happened on three consecutive days of devaluations that was beginning on august 11th the market was very different back then. it was a different picture for the overall markets. china's currency was appreciating back then that's a big difference to now the stock market in china was just roaring it w

your traders on the desk are tim seymour, brian kelly, steve grals o grasso and guy adami one strategistwn to recession is officially on. he will layout the timeline and when he sees the markets up and out. box and williams-sonoma moving lower after reporting. later, a royal rally

joining us is cathy lean, managing director of fx strategy at bk asset management tim seymour is a fast money trader cathy, talk to us about what you think the significance of crossing seven to the dollar is, and what you make of the market reaction here across all asset classes today, the stock market down more than 800 points. >> well, clearly, this is significant because this is a record low that we have seen the chinese yen, and i think what's significant about this is that the trump administration is weaponizing the u.s. economy so china is turning around and weaponizing its currency this is the only way they can effectively fight the battle because their clocks aren't as deep as the u.s., particularly on the trade front if you look at the selloff in the market and the acceleration in the short time, investors are nervous and rightfully so because for the past 25 years, the u.s. government has looked the other way with regards to china's currency manipulation. and if there's anything we know about president trump, it's that he's not going to look the other way when it comes to his

the traders on the desk are pete najarian, tim seymour, karen finerman and steve grasso.rican consumer to the rescue again retail stocks surging into today's session, target handing in its best day ever we are keeping an eye on share of elle brands and nord strzok, on the move after recording results. nordstrom's conference call is getting under way. we will break down the highlights we begin with a big move late in the session in the bond market, another possible recession signal being shot as the yield curve inverts again.

your traders on the desk are pete najarian, tim seymour, karen finerman and guy adami a wild wednesdaytocks tumbling early in the session only to stage a monster comeback we will find out what drove the big turnaround we are keeping an eye on shares of lyft. it has been a bumpy ride after session. we have full team coverage standing by to break down the big headlines but we begin with the market's roller coaster ride at one point the dow was down 589 points, but then came the turnaround yields started coming off the lows and stocks staged

your traders on the desk are pete najarian, guy adami and tim seymour.stocks, so where are the markets headed from here. we are digging in. also asaid, a $16 trillion warning from a top wall street strategist why he says the biggest bubble ever is about to break costco craziness this tells a tale of two chinas. yields moved lower, the bond market sending out the clearest warning yet that the recession could be coming with the yield curve at the dee

our traders on the desk are carter worth, tim seymour, steve grasso and guy adami we kick things offh a tariff takedown, that's what it was stocks tumbling late today as president trump turns up the heat on the trade war with china, the dow giving up a 311 point game to finish the day deep in the red. we have full team coverage of today's dramatic turn of events. let's begin with the latest out of the white house where eamon javers is live for us in washington. >> reporter: the president just talked to reporters on the south

our traders on the desk are tim seymour, brian kelly, dan nathan, guy adami.friday fade, folks, wall street closing out a turbulent week in the red. what can you expect for your money in the week ahead? we will break out our crystal ball plus, hungry for opportunity investors continue to chow down on those food stocks, but will this bing session end badly. oh, nice, right? and it is mall madness time. we will break down a few retail names that

our traders on the desk are tim seymour, mark stafford, chris berhe reason and dan nathan. out the eggnog president trump saved christmas, stocks soaring after tariffs were delayed ahead of the christmas shopping season. everything rejoicing as video games, toys and clothes get a pass but wait oh th

traders are tim seymour, cavkar finerman and guy adami why one market pro says we are in a tactical no's land ahead of this speech from jay powell in jackson hole we are keeping an eye on shares. the homebuilder reporting the move after the results later the big beef over chicken. wendy's, popeye's and

our traders on the desk are tim seymour, brian kelly, dan nathan and steve grasso wall street wrapping week the nasdaq, the s&p handing in their worst weeks of the year while the dow just dodged that mark, but it has certainly been a roller coaster ride for your money after president trump turned up the volume on the trade war with china now that some steam has been let out of the record run, is now a good

your traders on the desk are tim seymour, karen finerman, guy adami.the headlines. we are watching shares of wynn and match, both stocks on the move after reporting results we are all over today's rally. stocks seeming to bounce back after the worst sell-off of the year is it an all clear we will debate that. we begin with a big mover after hours, disney. we'll go straight to julia boorstin with the

your traders on the desk are pete najarian, tim seymour and guy adami.ith an earnings alert on uber, that stock hitting the skids after reporting its biggest loss ever, but uber is reclaiming some of the losses, down just under 5% now the company's conference call is kicking off at this moment we have full-team coverage listening to the call. "fast money" friend gene munster is manning the red

tim seymour, brian kelly, and dan nathan coming up you'll hear from one long-term bull who says he is now the most bearish he has been in a very long time. also ahead a pulse check on the consumer, the three events coming down the pike that will tell us if the u.s. consumer is alive and well plus a call on bitcoin one wall street firm says the crypto currency is about to break out. the magic number they are putting on b

our traders on the desk are tim seymour, carter worth, dan nathan and guy adami the stocks surging toeek on wall street what is next for your money? we will lay it out for you also ahead, hitting the mark will target follow in walmart's food steps when it reports next week a billionaire battle, two titans with two different takes on where we are heading next. >>> abou

tim seymour, brian kelly, karen finerman and guy adami

. >> when you spiyou speak about model, they have said they might never be profitability tim seymourl say they have to say that, but you have to take some pause there. i guess a lot of companies have done extraordinarily well in terms of the stock with the same model, but at a certain point, you have to ask yourself, to your point, how sustainable is this i don't know >> but my view in the '90s, a lot of people thought amazon's model didn't work. people said how does it become profitable >> does lift show you that there is a path to profitability so therefore you question uber more the move in uber premarket, yesterday we had uber climb along with lyft. down 8% here, it's not much in the context of two days. fair enough. people out there say at a $36 entry point, it may make sense but over the course of the last 48 hours, which company makes more sense in terms of the stock? my pushback is lyft. >> quick programming note. dara khosrowshahi will be joining the gang on "squawk on the street," that is at 9:00 a.m. eastern time. >>> we have a developing story out of hong kong hundreds of