we'll help you with that with us tonight carter braxton worth, tony zhang and mike khouw. we'll show you where you can o first you have to know where you have been. carter, where have we been >> well, we've been in a moment of speculative exces that's been going on for a long time that was going on in fact in january and february, then the plunge and the ricochet. let's look at a few slides to try to prove it, so to speak the precondition of excess you see these bullet points here basically, s&p 500 before this selloff this week at an all-time high we know the price to sales, a fundamental on measuring the valuation, at an all-time high the s&p 500 is up 42% and the nasdaq up some 57% the precondition of excess, and then the next slide, divergence. as the market is making all-time highs, only 16% of the s&p constituents were making all-time highs index doing it the average stock in the s&p is 28% below its all-time high. that's not now that's on monday before we sold off. and then, finally, 46% of all stocks in the s&p 500 have no gains for two years. this is the precondit

has confirmed a national record of more than 10000 new code 19 cases in a single day prime minister zhang cust x. says the situation is deteriorating and he's urging citizens to observe the rules and social distancing and wearing masks france has seen a sharp rise in infections for several weeks now. prime minister so talk us has unveiled plans to upgrade greece's defense capabilities as tensions rise with neighboring turkey will purchase new fighter planes at frigates delta helicopters and a weapons systems turkey has been drilling for gas in waters claimed by greece and cyprus in the eastern mediterranean. well greek police have fired tear gas have migrants who are protesting on the island of lesbos thousands spent a 5th night without shelter after a fire destroyed the overcrowded morea refugee camp the greek army has begun building a replacement facility but most of the migrants say they just want to leave the island. hundreds of people made homeless after the movie i can't burn dying gathered to protest close to the site of new tame korea commutation. this woman is suffering from the

. - [zhang] ] was i a frfriend

. >> translator: the vocational education and training centers in gin zhang are in accordance with theaw and actively explore useful methods to prevent terrorism and radicalization. >> an international human rights group and hong kong democratic activist are among those accusing disneney. >>> beijing wiwill host the nex winter olympic games, scheduled in 2022. ski areas in china have been hit hard by the coronavirus pandemic, but the government has launched an endeavor to boost winter sports before the next season starts. nhk world reports. >> reporter: there was no need for icy temperatures or plenty of powder at this trade fair in beijing. instead, the winning appeal of winter sports was given the to sports show cased in the most space in the fair. some exhibiters let people experience winter sports via virtual reality, no freezing required. >> translator: it's my first visit to an event of this kind. the high-tech exhibits are expanding my views on the winter sports industry. pitched a ski and snowboard training simulator, touting the easy transport, setup, and little space required

. >> tony zhang points out why now could be a good time to dig into c caterpillar. and professor mike khouw is running through dueling options exercises on how to play nike going into next week's earnings. if you already own the stock or not, you can just do it. it's time to risk less and make more "options action" starts right now. >>> welcome. i love doing this show, but i've got to take an issue with that deep-voiced guy. he says barrel of cheeseballs like it's a bad thing. really come on. well, it has been a maybe not bad but tougher year for the consumer space the xlp consumer staples is up but just over 1% so it's underperforming the broader market carter worth, a man who maybe has seen a barrel of cheese balls in his day, says there could be an even bigger consumer crackdown ahead. carter, what are the charts telling you? >> a bunch of things going on. one thing to consider is that the dollar, which has been very, very weak, has started to stabilize. second only to technology, the staples sector is dependent on foreign sales. we know much selling has been don

. >> tony zhang?50 level here on earnings it's now trading below that both on an absolute and relative basis. i'm looking for salesforce to fill this gap down to the 218 level. i'm looking to sell a call credit spread to take advantage of that downside move. >> mike khouw? >> i think that the near term highs are in nike post earnings so i like calendar spreads there. to follow up on the jets trade, use callprri sead sk reversal to take advantage of the high implied volatility field for all investors. there's always a bull market somewhere and i promise to help you find it. kw "mad money" starts now hey, i'm cramer, welcome to "mad money. welcome to cramerica other people want to make money, you my job is to entertain and teach you. call me or tweet me @jimcramer we're almost done with this heinous month and it can't end soon

. >> but headlines aside, tony zhang thinks this old school auto maker has a better grasp of the future than many give it credit for he'll show you how to plug in with the right circuit breaker. >>> and in this market, elmer fudd might have said, be very quiet, i'm hunting yield but there's always a pesky welcome ba wab wabbit to beware of. >>> the home construction trade on fire this year with both the xhb and itb up double digits the rally comes as mortgage rates hit new lows and home bound americans tackle home improvement projects carter, what are the charts telling you? >> well, the question is at some point is a lot or everything priced in. it's been a great area obviously we know the story that's been in the news about refis and home improvement and we know the earnings have been great. but at some point sometimes an area of the market is full, is rich i think that's the premise here. let's look at a few charts the first is a two-panel all you're looking at is the home construction etf on the top. the bottom is relative performance to all consumer stocks, which of course all home

ensure his country's security that's after turkey's president said he would stand with thousands by zhang in its battle over nagorno-karabakh or and smith reports now from yet about. nicole facing pressure from our allies france russia and the us to negotiate with azerbaijan but armenia as prime minister says now is not the time. but our task is to defend it because i was there by john launched an attack in the direction of. and obviously the very 1st task of the armenians of logan about above is to defend against this aggression. we're going to emerge from the messy breakup of the soviet union an armenian self-governing on klav surrounded by azerbaijan as a by jan who wants control armenia says the people of color back should decide themselves what they want this latest escalation is the most serious since 1994 cease fire that ended a war which resulted in the deaths of up to 30000 military forces have you look back and said why have we got to where we are that today could i have done something differently that would have stopped this outbreak of violence and this loss of life that i wan

its founder, zhang yiming, has pledged deep cooperation with the chinese communist party. huawei, as a national security threat, giving china access to the precious data and attention of american citizens. donald trump's demand that it be sold to a non—chinese company and that the us treasury get a cut might be illegal. it's unprecedented in the us, but such assertions of sovereignty are already standard practice in china, where platforms like youtube and whatsapp are blocked along with foreign sources of news and religious instruction, and where the web is a tool of surveillance. in a sense, then, donald trump is merely borrowing from china's playbook. and these new methods of control go further than just the us and china. in india, for example, narendra modi's government has banned tiktok and other chinese—owned mobile apps. and other states have used various social media controls, monitoring and censorship. tiktok, then, isn'tjust a platform for video pranks. it proves that there is a battle for the soul of the internet in an era of rising net nationalism, where governm

its founder, zhang yiming, has pledged deep cooperation with the chinese communist party.i, as a national security threat, giving china access to the precious data and attention of american citizens. donald trump's demand that it be sold to a non—chinese company and that the us treasury get a cut might be illegal. it's unprecedented in the us, but such assertions of sovereignty are already standard practice in china, where platforms like youtube and whatsapp are blocked along with foreign sources of news and religious instruction, and where the web is a tool of surveillance. in a sense, then, donald trump is merely borrowing from china's playbook. and these new methods of control go further than just the us and china. in india, for example, narendra modi's government has banned tiktok and other chinese—owned mobile apps. and other states have used various social media controls, monitoring and censorship. tiktok, then, isn'tjust a platform for video pranks. it proves that there is a battle for the soul of the internet in an era of rising net nationalism, where governments s

etf, jets and if one wants to pick a stock that's very similar, boeing also on the long side >> tony zhang250 level here on earnings it's now trading below that both on an absolute and relative basis. i'm looking for salesforce to fill this gap down to the 218 level. i'm looking to sell a call credit spread to take advantage of that downside move. >> mike khouw? >> i think that the near term highs are in in nike post earnings so i like calendar spreads there. to follow up on the jets trade, use call spread risk reversal to take advantage of the high implied volatility >> that does it for us on "options action. we'll be back next friday at 5:30 "mad money" starts right now - [woman] the following is a paid advertisement for the hoover smartwash pet automatic carpet cleaner. (upbeat music) real life is crazy messy especially on your carpets. whether it's kids, pets, or just plain heavy use your carpets get dirty, but cleaning them can be such a hassle, even painful. down on your hands and knees to spray and scrub or struggling with one of those bulky rental machines, up the stairs and all ar

etf, jets and if one wants to pick a stock that's very similar, boeing also on the long side >> tony zhang250 level here on earnings it's now trading below that both on an absolute and relative basis. i'm looking for salesforce to fill this gap down to the 218 level. i'm looking to sell a call credit spread to take advantage of that downside move. >> mike khouw? >> i think that the near term highs are in in nike post earnings so i like calendar spreads there. to follow up on the jets trade, use call spread risk reversal to take advantage of the high implied volatility >> that does it for us on "options action. we'll be back next friday at 5:30 "mad money" starts right now - [man] the following program is a paid presentation for the oxypure air purifier brought to you by nuwave, llc. asthma and allergies are at an all time high, and it seems to get worse every year. it's not your imagination. allergy season continues to get longer and more intense as temperatures rise, and airborne viruses are becoming an epidemic problem worldwide, with the changing environment, and unseen dangerous air po

zhang bo, who's a professor at tsinghua university in china, says, "the relationship between china andrivalry could be dangerous. " so when, for example, we've seen in recent days naval exercises being undertaken by both china and the united states in the south china sea, a potentialflash point there, when we see the criticisms that have been made about china over its security laws in hong kong, its treatment of the uighurs and so on, are you worried that we could see perhaps some kind of escalation between the united states and china? a military one. i don't expect any confrontation in the short term, but when you have an economic and technological divide that becomes completely so deep — that separates the world into two — then the risks in the long term of a military and geostrategic confrontation of course increase. we need to avoid the new cold war. i don't think the cold war was a good thing. we need to avoid a new cold war, and the fragilities we have and the challenges that we face in common require that we look into the real things that divide us. of course, we have different

zhang bo, who's a professor at tsinghua university in china, says, "the relationship between china andry could be dangerous. " so when, for example, we've seen in recent days naval exercises being undertaken by both china and the united states in the south china sea, a potentialflash point there, when we see the criticisms that have been made about china over its security laws in hong kong, its treatment of the uighurs and so on, are you worried that we could see perhaps some kind of escalation between the united states and china? i don't expect... a military one. ..any confrontation in the short term, but when you have an economic and technological divide that becomes completely so deep — that separates the world into two — then the risks in the long term of a military and geostrategic confrontation of course increase. we need to avoid the new cold war. i don't think the cold war was a good thing. we need to avoid a new cold war, and the fragilities we have and the challenges that we face in common require that we look into the real things that divide us. of course, we have different

quarantine period from $14.00 to $7.00 days and is still aiming to avoid a 2nd lock down the prime minister zhang casts x. is currently self isolating announced fast track testing for priority cases and more powers for local authorities to enforce stronger rules. front has been has seen between 9 and 10000 new coronavirus cases each day recently well from ministries reported deaths in the last 24 hours cast x said he believed shortening the quarantine period for people testing positive would make it more likely that the guidance is followed now oregon's governor is saying that dozens of people have been reported missing as massive wildfires burn across the state off a 1000000 people have been ordered to leave their homes as fives threaten urban areas that's more than 10 percent of the state's population portland is shrouded in smoke and has the west accor to see the world's major cities but a change in weather has actually helped firefighters battling to bring the blazes under control. and then further south in california firefighters there of recovered the remains of 7 people taking the death to

is preparing orders to block cotton and tomato imports from china's shin zhang region where there iss chinese customers and incite instability. the major indices were lower across the board. some of the top stories we are watching this morning, the biden and harris campaign releasing a plan to fight for american workers. the made in america proposal features off-shoring tax penalties and new tax credit to award those who invest in american products. president trump doubles down on his law and order message at a rally in north carolina, warning if biden wins the economy will collapse and the rioters, anarchists and looters will take over. >> if biden wins, the violent mobs, you see these mobs all over the place, they're biden people, they're biden states and cities, they're democrat states. if they win, the mobs win. you see these guys, they go around saying i want your meal, give me that food, give me that -- a woman sitting there, she wants to eat and they come, they grab her food, they grab her drink. nobody's ever seen stuff like this. this is all that ideology. we're not going to

. ♪ shery: and group has won approval to list and zhang had a, clearing a hurdle -- shanghai, clearingr becoming the largest ipo. tom mackenzie joins us from beijing with the details. this is an important step not only for an, but also for the financial markets. tom: they had a hearing on friday with the shanghai exchange last them a number of questions about the structure of the ipo before giving it the green light. aunt can list on shanghai star board, which is the one-year-old exchange, primarily home to tech stocks. the next step is to have a hearing with the hong kong stock exchange, get approval and then they can pull the trigger on this planned listing. could be a reminder, the biggest ipo ever. they are hoping to raise 30 billion u.s. dollars with a valuation around 225 billion u.s. dollars. been cleaned not selling for and to get here. tom cole and it hasn't. and the last few weeks we had a flurry of new regulations imposed by officials in beijing on conglomerates that have a footprint in the financial sector. in terms of regulations, we have seen curbs on small loan funding s

we'll help you with that with us tonight carter braxton worth, tony zhang and mike khouw.where you can o first you have to know where you have been. carter, where have we been >> well, we've been in a moment of speculative exces

ambassador zhang jun respondeat >> ( tran ): china resolutely rejects the baseless accusation against> schifrin: in a prerecorded speech, chinese prident xi jinping obliquely criticized from literature-- thea refence daydreaming knight don quixote who attacks imaginary enemies. >> ( translated ): burying one' head in nd like an ostrich in the face of economicio globaliz or trying to fight it with don quixote's lance, goes against the trend of history. let this be clear: the world will never return to isolati, and no one can sever the ties between countries.ri >> sch that summoning of solidarity comes as the world confronts arly one million covid deaths, and the u.s. crossed 200,000 today. >> we must be united. as we have seen, when counies go in their own direction, the virus goes in every direction.re >> schifrin: sry general antonio guetteres called for multi-lateralism, and warned the u.s. and china their confrontation could become conflict.vi >> we are in a very dangerous direction. our world cannot afford a future where the two largest economies split the globe in a great fractur

[rapid classical music] ♪ - that was seven-year-old piano prodigy william zhang from milton, georgia.ars old. and he's even performed at carnegie hall. got amazing talent there, and as we continue to celebrate kids with talent, our next kid is a true rock star already. literally, at the age of ten, she's a rock star. her drum riffs have been seen over a million views on youtube, and over 400,000 followers on instagram. and joining us from across the pond in her home in ipswich, england, is nandi bushell. nandi, you're ten years old. how did you learn that you had such talent? - i always liked listening to the beatles and looking at ringo starr's drum kit and how he plays the drums. then one day, when i was five at the weekend, i got an award for my maths, so as a reward, my parents took me to a toy shop, and, of course, i picked out a toy drum kit. and from then on, a couple weeks later, i was better than my dad. - okay, i love it. you were better than dad just starting out. so i love to see you on social media, so to be able to see you right now is so awesome. show us one of your dru

china is tightening its grip on the western province of chin zhang. xi says communist party policies are corrected must be adhered to over the long term. that millions of ethnic uighurs are being held in reeducation camps. says a much-hyped travel bubble with new zealand could open by year end, as infection rates in both countries remain low. new south wales reported no new infections over the last 24 hours. u.s. infections rose in line with the seven day average of global cases near 33 million. deaths are about to top one million. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm karina mitchell, this is bloomberg. still ahead, work from home, the office, or a combination of the two? we discuss more of what being in companies managing partner said. , -- up next, why this is just a cooling-off phase. keep it here with us. this is bloomberg. ♪ haslinda: u.s. futures begin the week with modest gains. bringing some relief. some breathing room to asian investors

meanwhile china is tightening his grip on the western province ocean zhang despite growing international criticism. president xi is saying communist party policies are correct and must be adhered to long-term. the u.n. estimates as many as one million ethnic uighurs are being held and reeducation camps. meanwhile, the australian budget deficit is set to widen. but is seen being mitigated by the resilience price of iron ore. the cash you look up lint will be the equivalent of $140 billion, more that was seen in july. the australian economy has been in turmoil amid slowing growth, tensions with china and the coronavirus lockdown. zealand bubble with new could open by year-end as infection rates in both countries remain low. authorities have relax some curbs in melbourne ahead of schedule. u.s.here reported infections rose in line with the seven-day average as global cases near 33 million. deaths are about to top global one million. news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this

is exploring blocking all cotton from china's chin zhang progress -- providence. 85% of china's cottonn comes from the province. the moved -- the move would expand on hair products, apparel, cotton and computer parts and could lead to higher prices for cotton related goods in the u.s. the city of louisville, kentucky has agreed to pay $12 million to the family of breonna taylor as part of the biggest police misconduct payout in the city's history. the 26-year-old was fatally shot in march and her home as police executed a late night no-knock warrant. nothing was ever found. the city has also agreed to some police reform to improve community relations. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm karina mitchell. this is bloomberg. shery: share jay powell will be the center of attention when the federal reserve wraps up its tomorrow. as investors wait to see how the central bank's new policy framework affects policy deliberations. bloomberg global economics kathleen hays is here with a pr

senior inspector zhang, who's worked really hard with you on this. commissioners, if there's any comments you'd like to make, but after that, i'd like to call the question. thank you. commissioner alexander-tut? >> thank you. i want to recognize the amount of work that has gone into this and the department. this is not an easy lift to get so many people on board, and i think you have moved the discussion. as the mother of a toddler, and s see -- as a renter and someone who has dealt with indoor air quality during these times, i'm extremely concerned for any possibility for this -- exemptions being widespread. i do think that this is -- that this is the smart approach and do support the legislation as is if there is a motion or will be making a motion. i am extremely sensitive and align aligned myself with the callers and also urge this legislation move forward. >> president mccarthy: thank you. commissioner clinch, please? >> commissioner clinch: no comment, but agree with commissioner alexander-tut that this should go forward, too. >> president mcca