our own tim seymour, in-house cannabis expert, is dialing in from the event, so, what's the buzz therence, tim? >> ah. puns aplenty. and certainly i think excitement aplenty for an industry that probably tries to control its emot emotions vis-a-vis how you've had headlines over the last five years, and even more so that have often been dashed. but the expectation is that we had a clarification from the white house yesterday in terms of really just restating what they've said, which is that they've had the health and human services agency recommend the fda through a very long report with the fda with a lot of medical proof that they think cannabis should be rescheduled. so, those are the things that i think there can be reasonable expectations on, even in a world where there's a political cycle, if they don't get it done in the next few months, it probably gets lost in the biden administration's need to focus on everything else. there's a view that this is an important issue for biden, and there's an issue that this is something that really isn't that big of a give on the other side, bu

our participants have done their research, picked their names, and tim seymour will be here to br helptocks. four competitors also in the studio starting with the defending champion, charlotte flair, brianna stewart is here and getting assistant from karen finerman leiv shulman is here, along with heisman winner eddie george, and joining us remotely, another great running back, austin ekeler, now with the washington commanders, the team i grew up with kenny the jet smith from inside the nba as well as ose pearlman, joey chestnut, he eats more hotdogs in one sitting than jillmj jillian michaels has had in her entire life. we're excited about this next contestant and comedian, drewsky. it's take your kids to work day, and we have many young fans here, and they love drewsky. >> and as we mentioned with us here on set for the entire show to help us break down the top picks here, tim seymour, but before we can draft, we have to set the stage because the markets are having a big down day. one-two punch for the markets. >> and a combination of that along with higher rates which at some point,

we'll hear from top investing experts including tim seymour. you're arnn investing expert? final trade. tim? >> yeah, big shoutout to "fast money" fans and ranger fans, the madsen girls, and boeing. i think we bottomed here. >> karen? >> yeah, dan's going to hate this, but i like jpmorgan optoption spreads. >> guy was not voted sexiest man alive in "people" magazine in the first 50 years, so, maybe the next 50. >> guy? >> hope springs eternal. letter m. i think it was an interesting move today. >> thank you for >>> my mission is. simple, to make you money. i'm here to level the playing field for all of you 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." my job is not just to entertain, but put days like today into context, so call

for a quick preview of the events and the names on the board, the mel kiper of the stock draft, tim seymour>> one of the greatest event in sports and markets, i am excited to be part of it. >> we give the contestants a list of how many stocks from which they can choose? not all 2000. >> 50 or so stocks. clearly. a broad swath of economy and the market. it does seem like the draft this year will be dominated, much like the nfl draft, but quarterbacks the sexy part of the market, chips, nvidia, every year is a slightly different tone and i expected to be alive and well. >> what the winners typically do , they hit a home run. you have to have that -- the game theory says, when you get two choices, or three -- >> two. game theory, on some level, as a former retired athlete moving into the booth, about finding the most bombed out stocks that i thought could have an inflection point. almost so bad they are good, like boeing, down almost 40%, free cash flow dying but i think they will have a percent to 10% in free cash flow yield in 2025. exciting picks. every team in a win now mode, which means y

. >> general clark, it's tim seymour. it's an honor to have you here. refresh, u.s. strategy here, especially as it relates to our relationship with israel, it's getting more complicated. obviously iran brings a different element. the u.s. doesn't want to see this, nobody wants to see this. can you refresh your perspective on the strategy on israel in the middle east? >> for the united states, the idea is to continue to reassure israel, we've got your back, you don't have to do anything. let's get this situation in gaza settled. don't go into south lebanon, don't make the problem any bigger. that's the american perspective. and for the israeli perspective, they see it as an existential crisis. they cannot let hamas come out as a winner. they've still got a problem in south lebanon with the iranians and the clock is ticking on iranian nuclear capacity, which changes everything. so israel sees it very differently than the united states does at this point, and yet israel knows it must have u.s. support. it must have the friendship of washington. >> yeah, and president b

evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymourren finerman, dan nathan, and guy adami. we got to start off with tesla taking off on q-1 results. shares actually soaring. this is despite a miss on the top and bottom lines investors seemingly excited that the new models may be coming sooner than expected if the gains hold tomorrow, it will be tesla's best day since seethe hasn't had a lot of best days lately phil lebeau joins us now to break down the results phil, what happened here in this report >> well, it's what they said in the indication of new models that are coming, more affordable-priced models that is exactly what the street wanted to hear the street didn't want to see what they saw for the first quarter you and let's go over those numbers. none of these numbers are good any way you look at it, this was an ugly quarter for tesla. earnings miss, 45 cents a share, the street was expecting 51 cents. revenue, down 9% year over year. the worst since 2012 it fell short of estimates coming in at $21.03 billion. operating margin o

time for the final trade tim seymour and guest?end here, evan, the son of our set super visor nancy, and it's family day at cnbc. he wanted to say gold fields for the win. >> good job, evan. >> kristen >> xle i think both in term office hedging geopolitics and inflation, as well as the free cash flow generation of these companies. >> steve >> meta. >> guy >> my man e.t. told me exxonmobil >> thanks for exxonmobil >> thanks for watching "fast." "mad money" starts right now >>> 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 not just to entertain but to educate and teach you to call me at 1-800-743-cnbc or tweet me @jimcramer. it takes a special kind of stock to do well when the economy's slowing. while inflation just won't quit.

evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymourren finerman, dan nathan, and guy adami. and we start off with meta shares plunging 11% after the company gave weak revenue guidance for the year. it also said capex would be higher than expected thatowing a beat on the top and bottom line it could be the worst drop since october 2022 julia boorstin is here to dig into the details what else stands out to you? >> well, courtney, the better than expected results were very much outweighed by that lighter than expected second quarter revenue guidance, as well as higher than expected expense guidance the higher capex guidance reflects larger than planned investments in a.i., including gpus, as well as in data center. she also told me that the company's higher total expense range is partially due to legal expenses, and she noted that meta's investments in a.i. do continue to pay off, and were reflected in the revenue growth that we saw, stronger than expected revenue growth that we saw in the first quarter as for the company's lighter than e

. >>> ai'm melissa lee coming to you live from studio b on the desk, tim seymour and julie beal we start with the two letters that might mean more for the market than anything the fed does, ai the s&p closing friday with solid gains climbing back towards the 5100 mark posting its best week since last november the nasdaq doing better up over 4% since monday and the dow ending a second straight week in the green. those gains come as a slew of economic data should have spooked investors. the fed's favored inflation gauge staying sticky commodity prices on the rise with crude, brent, and copper all higher but all that could not put a damper on the artificial intelligence parade. alphabet surging to a record high after showing progress in its ai ambitions microsoft also climbing as ai boosted its cloud sales and nvidia, the poster child of the business jumping more than 6% today as it appears to be the beneficiary of all of this ai spend. the stock's 15% gain this week was the best since last may. does this action prove that ai matters more to the market than maybe the fed? tim, what do you s

on the desk tonight -- tim seymour, karen finerman, dan nathan, and rebecca patterson, former chief strategist at bridgewater associates. welcome, rebecca. >>> and we start off with the steep market reversal that sent stocks to their low of the day. the dow up 400 points early in the session, closing the day down nearly 250. that was the biggest single day about-face in 13 months. the nasdaq tumbling 2%. and the s&p 500 fell more than a percent. the ten-year treasury yield hitting its highest level since mid-november. the dollar jumping to its own five-month high. all this as investors eye the potential of israel rheal stastate i retaliating against iran's weakened strikes. tim? >> we came in this morning, and i'm sure most people were glued to their screens after the weekend's events, and we were seeing a rally. and we were seeing a rally with possibly a move higher in rates. and that's how we started out this morning. and i recognize that market's priced in a lot. having said that, it was a week where we sold off on the back of yields. it was a week where we sold off on the back of a handful

on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. >>> we start off with that late-day selloff that took markets sharply lower. the dow ending the day down 530 points, posting its biggest one-day loss since march of last year. it had been up nearly 300 points at its highs. the nasdaq and s&p 500 dropping more than a percent. it got ugly just after 2:00 p.m. minneapolis fed president warning if inflation continues to move sideways, it, quote, makes me wonder if we should cut rates at all this year. adding to the concerns, rising tensions between israel and iran, which sent oil prices to their highest level since october. so, could these two risks in tandem put a cap on market optimism, which has been fueling us higher this year. >> well, 15 1/2 hours, 8:30 tomorrow morning, the entire thing could change on the jobs number. so, with that said, yeah, i believe so. and i think this today was sort of a continuation of march 8th what are you talking about, the market didn't -- no, the market didn't do anything on that friday march 8th, but the intraday moves tha

on the desk tonight -- tim seymour, karen finerman, steve grasso, and guy adami. >>> we start with morgan stanley. sinking 7% today after a report that the company is being probed over how it vets clients. leslie picker has all the details. she's on the fast line. >> hey, melissa. that five and a quarter percent decline continuing a little bit in the afterhours, and that was after you mentioned that report about a wider regulatory probe into the firm's wealth management division, and how it is vetting clients at risk of money laundering. at issue, according to sources that were anonymous in the piece, basically whether morgan stanley has been, quote, sufficiently investigating the eidentities of clients and wher their wealth comes from, as well as how it monitors its clients' financial activity. some of the probe is focused on international clients. the journal reported that the fed has been looking into similar issues, but today's story says there involvement by other regulators, as well, including the s.e.c. and the office of the comptroller of the currency, among other treasury departm

on the desk tonight -- tim seymour, karen finerman, and steve grasso. >>> stocks closing on a down noteth the nasdaq sinking 2% and the dow shedding 570 points, accelerating the last ten minutes of trading. all three closing near their lows of the session and well in the red for the month. each ending five-month winning streaks. the dow posting its biggest mostly loss since september of 2022. we'll dive more into what is behind these moves later this hour, but we have to start off with amazon. shares are higher, though off their best afterhours highs. the company reporting a beat on the top and the bottom lines and higher ad revenues and sales in aws guidance in q-2 though. kate rooney has the details. >> cloud growth was the key story here. aws sales, that's what folks were watching. 17% growth, better than the 14.7% wall street was expecting. a.i. appears to be driving a little bit of that. the company says a.i. is now a multibillion dollar revenue run rate business. overall, aws revenue is now at $100 billion in arr. the cfo just on the call with media, talking about what he called t

on the desk tonight -- tim seymour, courtney garcia, dan nathan and guy adami. >>> alphabet jumping more than 14% over the past month and outshining the rest of the mag seven. meanwhile, a.i. darling nvidia stalling over that same time period in an unusual place, the red. a nearly 225% gain over the past year. what does alphabet's turnaround tell us about the a.i. and tech state of play? this is the one month anniversary of that key reversal that guy so fondly refers to. >> march 8th. i think people are concerned somewhat about valuation, and they're looking for places in a rising interest rate environment, which we're clearly in, where they can wrap their head around valuation and google's been that stock all along. so, when rates were low, google was sort of left on the side of the road for the high growth names. now that rates are a bit of a story, i think people are finding google directly, by the way. >> do you feel like this is a change that sticks or does nvidia come back? >> i think you are likely going to continue to see people going away from things like nvidia, which has reven

on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. >>> we start off with the fed chair powell's balancing act. the central bank chief towing the line between spurring economic growth by cutting rates and tamping down on persistently high inflation. earlier today, powell suggested he is not yet ready to say that battle's been won. >> on inflation, it is too soon to say whether the recent readings represent more than just a bump. we do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2%. >> the fed's key inflation gauge has now been above its target 2% rate for three straight years. it's not exactly as transitory as powell originally said it would be, and that sparks our question tonight, will the fed be as wrong on inflation on the way down as it was on the way up? some other, you know, interesting things that he said today, he thought monetary policy was tight. i thought that was interesting, because i don't know what -- >> i don't know what it meant. i don't k

and nobody asked tim and when, when, when, when seymour hersh, who as you saw, i had here on the show exactly where you are right now. and i had a conversation with them at the time. one of the things that we talked about that i didn't include was that he was being attacked, assailed by the media for bearing to suggest that perhaps the united states and the west would be involved with blowing up this pipeline. which obviously was either blowing up by russia or it just happened by itself. or as i suggested, a large shock. you are absolutely right because he was attacked for russia's late as a conspiracy theorist. you know, that's a conspiracy, as opposed to when you blame me, that was washer. that did it. that's not a conspiracy theory that did it. they did it to them. and then of course in response to pushes story, then the german media and then the american of the british media in. so came up with this alternative ridiculous story about this. um, um independence uh, freelance ukrainians, more involved. nobody knows who they were. they had absolutely nothing to do with the landscape a