The a few metric i call ou iphone revenue better than expected at 33. 4 billiondollar. Ive nef due 7 a sequential improvement q 23 down 12 . Mac revenue a bit lighter than but wearables home and accessories better than expected at 6. 5 billion and Services Revenue up 18 . Also better than expected. 12. 5 billion the q 1 forecast, mel, apple a. M. Guiding between 85. 5 and 89. 5 the street at 87 billion one of the metric i call out china revenue down 2 . A sequential improvement in q 3. Down about 4 before i did have the chance to catch you have with tim cook we talked about trends and themes. One the competition in video streaming. Apple tv plus launching friday we now know that hbo max launches at 15. Apple tv plus at 5. I asked cook, is that hard and fast is that going to shift the cook telling me you know 5 is where we start but we will see what the future holds. I dont want to lock oh ourselves into one side or the other. We also did talk about supply of some of the new products that you have enough supply was does he think to meet demand in cooling are cook telling me we are manufacturing the apps loop most air pods we can during the quarter but may not be enough. We wont know until the black friday and days after. That is a worry of mine. Though cook emphasizing he believes thats a good worry to have. Josh, thank you josh lipton in cupertino shares of facebook seeing a boost off results. Lets get to julia with the latest there. Melissa facebook shares up 2 on results that beat expectations across the board. Showing strength with consumers and with advertisers though two key metrics to show the growth average revenue peruser instead of dipping by a penny from q 2 grew by 22 cents better than analysis expectations at 7. 26 and facebooks most valuable market north america and canada added 2 million daily active uses after two years of stagnation brent thrill of jefferiy saying he was impressed by the 11 earnings per share beat. He will be looking forward to hearing about guidance Aegis Capital analyst viktor anthony saying facebook captured meaningful share of ad budgets user my grate to the platform he says whats key for the stock now is how the Company Guides for both revenue and operating Expense Growth in 2020 now, at juft the same time as facebook reported its earnings twitter ceo jack doorsy tweeted the announcement that twitter will stop taking all political and issue adds he tweeted quota political message earns reach when people decide to follow an account retweet. Paying removes that decision we believe this decision should not be compromised by money. Now this move by twitter stands in contrast to facebooks policy to not face check or remove political ads drawing criticism. Facebook Ceo Mark Zuckerberg argued that facebook should not limit free speech. Well have to see if zuckerberg weighs on the latest move on phone numbers Earnings Call now getting under way. Melissa. Julia, is a political ad considered asset one that endorse as candidate or paid for by a candidate. Thats one subset there were the political ads purchased by candidates for candidates and then there are issue adz this could be something an ad for gun control or against against gun control. A hot button political issue like abortion. This is something both facebook and twirpt twurt have made changes to be transparent about the ads. Wanting to make it clear about who is purchasing the ads. But this is a big move for twitter to say, look this is not a huge piece of reef revenue and fdly we think its better to be not enabling paid political roach. Thank you julia on facebook tonight we got lots to trade and talk about. Lets start off with apple right now the stock up 1. 7 . Were a off plus the session highs. What do you make of this as apple hit alltime highs yesterday. The the gross margin better than expected. The Services Gross margin significantly better than expected, 64. 1 now. Services now 20 of this quarters revenue. Thats good. Could it have been 21, 22 could it make had me happier i guess but thats fine. I think the First Quarter guide is fine. I dont think its anything remarkable the question is has the run from 175 to 245 wherever you are, been too much too fast and does it stall out here i dont think it should. Its good enough to cope it going. But the market will be the ultimate juror. I think apple was a Hardware Company. Then it was a Services Company. In terms of the. Per zbleepgs bull case. Perception. And now when you have people talking about maybe hardware is better than it was once perceived to be and then you throw in wearables on top of it and services up 18 , sounds to me like its getting to the price target of may be 280 or there base ive been long staying long. Record revenues for services. Yeah, were seeing the evolution happen its obviously there because of the multiple this was trade attention very much as a hardware multiple. The street fully embraced the story of evolution north of s p multiple, right and well see if the trend continues. Its pretty good considering what a run the stock had, right, the bar was not sew high because people thought all right iphones maybe dont see it yet maybe next quarter im wondering if there was any attempt to get iphones in the channels prior to a potential of another tariff raise i dont no know. Compass it was an impressive quarter though i thought the guide was good im long it could trade off a bit because expectations now are people aresaying wows in great and then you get a frenzy. And then im long, like the story, like the evolution. But it is getting a little pricier. Well, im long and stay rung. And you say, you know, its trading at a premium about 7 proposal yum to the s p which is not unprecedented for the company but unprecedented in the last ten years and to take steve ace point it has been making the transition as a Hardware Company now a hybrid multiple. And now trading at about 18 times trailing and if you get a dynamic here where i think people are starting to really grind into the whole Services Revenue its now 50 billion annualized Services Company this is where that multiple probably needs to go higher. And to what guy was saying, where does it come from, the stock rallied 18 above the s p since the last Earnings Period its outperformed the s p by 1800 basis points thats extraordinary what can it do i still think the big institutional market is actually under weight in stock. And we have seen this stock go through periods where you can see outperformance its overbought techry whatever that means there are people defining that differently but if you look at relative strength indicators and where its been it can move higher the fiscal q 1 guide is extraordinary when you consider expectations. I would have thought the sigh of relief in the after hours sessions may have been greater in response to what they were saying about china China Business improved. Response to iphones there good and on track for the strong christmas spaels but the fear was setting up like a year ago when we had a run up in the shares and disappointing Fourth Quarter or disappointing guide and that was because of china. Right well well see if that manifests. Ds s in a Conference Call thats going to happen well hear a lot of Different Things apple had ups and downs. Starbucks made similar commentary nike as well good for apple again the First Quarter guide. Extraordinary, i dont know if id go that far but i think its good i dont think its great i think the quarter was good enough the gross margin improvement i think is significant and the fact to tims point now services a 50 billion business gives them a should give them a multiple closer to. And i dont think people were bullish coming in the print. Into the apple print. We started. Apple is stock up. Hitting alltime highs. It wasnt we started people talked about hardware as more of a tail ntd or surprise to the upside. But i dont think as tim mentioned i dont think people got over welcomely long ahead of the prin i think there is people waiting for this print i think this print could be the catalyst for people to say, hey, you know, im taking a stab at this because i think i have 10 upside from this point. Right. Let me add one more thing. Umhum. Steve cook talking about the air pods. Wearables. Wearables, cant make enough. Thats his worry i mean, thats pretty bullish. Thats pretty bullish. Go ahead. Services wearables were the bright spot. I think you get to a place i think the street is going to be scrambling to upgrade. I think you have a case where there is a handful of folks bullish. Scrambling to we have every single firm come out rising price target dripping over themselves. Refirmgs of Services Revenue with margin gives people to raise the price on a stock that frankly i think this they want to raise on. All right. And i think the institutional role is under weight. The after hours session will be interesting because of the trade on this stock. Up 1. 5 . Lets get to facebook now. What dough are do we bhak of the quarter . Karen your take. The Revenue Growth is thats extraordinary i mean this is an extraordinary business we know that i think in light of what twitter is saying this is interesting. All right, all the ads go to facebook or is it all right facebook now under pressure to thinking about doing the same that would be a negative for facebook i mean this is an extraordinary business i cant tell operating expenses they can put a whole lot of stuff in there, right . And if i were they i wouldnt want to railroad are a absolutely gigantic quarter when eye youre under scrutiny about being a monopoly. It is what it is though what do you do. We dont know whats in there. You could put a lot of costs in there. Im still long i think thats an extraordinary business, not extraordinary price. I stay long. Guy, you know the initials what are they. Fb. That too. I was going to rpu. We love rpu but that was cool thats the stock picker when you look at the 7 it 26 on the rpu average revenue peruser we dont talk about that every night i thought that was engrained in peoples hitz pch the ad revenue year over year is 29 is extraordinary when you consider the size of the company. If you look at the headlines right now 2. 8 billion users a month use one of the services on a million basis. 2. 8 billion. Thats why when people talk about the regulatory break up and people talk about the sum of the parts. You know there are other businesses here under monetized. Okay. Lets bring in gene munster our fast money friend founder of luke vent yurps sitting on the desk. Nice to have. You lets. In the flesh. A professor. I want to start with facebook since the last thing we discussed. I feel almost like investors are holding their breath for the Conference Call and about the op exguide. Thats the bombshell. Thats the bombshell two of the last five quarters it makes sense to hold breath for that ultimately they laid the groundwork to expect expenses growing faster than revenue. Well got context around guidance i think that the probability that something is really off base during that Earnings Call is relatively low, given at the core there is two real take aways here one is that the users arent going anywhere improve are kbref over the last five quarters since Cambridge Analytic they continue to grow 8 year over year and separately the concept that advertisers dont have anyplace to go. Im old. I 50 i dont use instagram. I dont think facebook or instagram with good for the world. Despite my beliefs i think this stock is likely going higher. So in terms of the advertisers being locked in terms of the users locked in and really no movement on those two fronts, does that help or hurt facebook in the face of regulatory concerns . And should how should investors react to that . On the one hand its a gad thing for from the investor standpoint on the other hand, if it bolsters the regulators case then that could be a booed thing. Yeah, i think that googles probably at the bilgds risk when it comes to regulation i think facebook has a lower risk but probably in my if you mean 2 i think at the end of the day it will elevate facebooks risk specifically how they have shifted people from facebook to instagram using that that connection point as a competitive advantage. Gene, understanding there is dialogue to come in facebook with that said, of just the quarter if thats all we heard operating margins were mat 40. 7 . Thats as high as i think i remember seeing them Free Cash Flow, 5. 6 billion. Much better than the street was looking for. Im surprised the stock isnt significantly high tharn than it is now are you. Im not just because analysts have been we talked about analysts with apple. We think its a magnitude much more bullish around facebook the last few weeks expect aches were excessively high going into this im not surprised to see the stock only up a little bit here. Well, we want to switch to apple before we poff on here gene, kwhafs your take and how do you think the stock is going to finish the after hours session . So this is a flawless almost a flawless quarter. They had the hiccup around the mac and ipad but dont want to spend a ton of time on that i want to shift to the next cull at four to eight quarters look like and the comps are easier because what we experienced the last few years. And the iphones fiefgt cycle is likely a couple years. You can build a case there are relatively clear sailing as much as you can in a company like this over the next one to two years. Quite impressive thats one take away secondly is we talk about warner wearable and Services Together they account for 28 of the business and growing at 25 . The concept and this is getting to my third point about the stock is essentially whats happened is they have taken a core product with the iphone and built other products around it with services, and wearables and the other piece is becoming a really important part of the story. That to me is a consumer Staple Company. Thats a company that should be at a minimum valued at something similar to cocacola and to proctor and gamble at a 25 multiple which should yield a 350 stock i was an analyst a long time i know the concerns and fear analysts have and why they only raise price targets a bit laid they need to look in the mirren and say think about the two years coming and think about the consumer state your name company and properly rate it at 25 multiple im waiting for the analyst to come out and put the stakes in the grountd. Why not you . I no longer workfare the Development Bank but this should be a 350 stock. I dont want to say a year, year and a half but its going measurably highe the brian for the argument is that cocacola should be valued at 25 times. Maybe. And i think there will be people who would say it shouldnt be. Or proctor and gamble. If you make the parallel there is a dangerous side to the parallel that is if coke is worth i dont know what. 18 times. 18 lets say. Its traded closer to 30. I think this concept of a consumer Staple Company its different than with facebook orr goog or other tech. Amazon other tech giants its the only company tying it all together the challenge is they are expensive products and most of the world cant afford them. But that said they are tying things together and understand the concerns about that multiple but i believe that apple should investors and analyst need to rethink and give it a fair multiple. Okay. Well be following the two stocks the whole evening facebook up 3 apple up 1. 7 . Gene well check in later on starbucks heating up earning call underway. The bank of america etf strategist will weigh in on the fed rate cut and what it means for the market and what to expect from the december meeting. Live from new york city sometime square much more fast money right after this patterns. You can see what others cant. We have breaking news from the mgn Earnings Call. Contessa brewer has the information. She they sell to sell the mgn grand on the strip we should move Movement Towards that by the he said of theperson mernhinted at this this is part of montana g. M plan to go asset light rather than capital expense intensive looking to minimize the assets and funding three target ebidta next year of 3. 6 billion, the 3. 9. The street skens sus 4. 3 billion. Mgm says its on track two Free Cash Flow per share 3. 50 they want leverage three to four times defectically one times lefrpg as the leverage comes down imitate told buybacks and divides go up. The earning after release dropped 3. 3 now rebounding somewhat the positive territory in extended trading melissa. So contessa, to be straight, this is an outright sale or. They would do what they did with the bellagio. Semg the land under the property but continuing to operate it yourself and thats the way they maximize the value and dont forget, they had spun off a lot of properties to mgp and owned Something Like 60 of the stake in that company. Contessa thank you. Contessa brewer with the news from mgm guy where do you stand. Market mum trading 18. 57 times next years numbers. For me if you want to trade something with the same multiple wynn is a better bet because you get tail nds for a deal with the chinese. If you force to play me the game we often play on the desk. Im not forcing. You would you rather. I never force. Thats an excellent point. No coercion im going to selfplay and i would rather wynn. If you look at wynn, wynn up 25 year to date. Las vegas up 20 and mgm up 20 peppers. The two former name haves a big are mcal exposure but go with las vegas because you get singapore in there you get three veen yews versus macao getting brody. And mgm way too vegas dependent. Starbucks perking up on after hours. I like that strong fourpgt quarter for starbucks. Eps in line. Revenue beating expect ace comps insided 5 globally 6 in the u. S. Both better than expectations. In china comps increased by 5 important market too those comps in the china and u. S. Showed transaction growth they are focusing on in store experience better. Moving tasks to after hours for barristas and the company said Customer Connection story the a alltime high listen to Kevin Johnson on the call ceo. We have strong evidence the approach is working as demonstrated by the fact that we are seeing traffic growth across all day parts. And we intend to build on the momentum in the year ahead we continue to see strong correlation between starbucks Partner Engagement and Customer Connection leading to increased customer frequency now, beverages also continue to boost same store sales, particularly cold befrpgs which c. O. O. Rose brewer told us in the past tend to sell all yearround now the company said cold beverage are growing across all day parts. The china has surpassed 4,000 stols. Mobile order sales 10 of the mix in q 4 in china. They have 17. 6 million active starbucks rewards members thats up and in china starbucks has 10 million user and the stock melissa up about 30 year to date back to you. Kait, thank you kait rogers, tim seymour, starbucks. I like it the numbers are fine i love the u. S. Comps at 6 . I love the Membership Services up 17. 57 million in terms of the Subscription Services thats about 15 year over year loyalty and ticket prices. I think the 2000 stores growth for this year is also a little better than expected although i think people are more concerned about margins and actually getting the comps high are i think the numbers are great. Again stock pulled back 17 into the number after hitting almost 100. A 3 increase in the average ticket for starbucks which is great. I like the 2020 revenue guidance up 6 to 8 thap thats tremendous wrote where a were seeing it big. Why are you pushing for mobile workingen oh the stores trying to maki a better experience and you get the add on sales in front. Whenever im in starbucks im always picking up Something Else when im in starbucks. Why would you want to push nationwide its come out. You order mobile you go in the store you might pick up Something Else anyway. No im talking about uber when you look at deliveries with uber they try to roll out nationwide next year so if theyre nationwide here and now they have the agreement with alibaba that theyre all over the place in china as far as delivery, dont you want people to your pinpoint getting in picking up in store, buying Something Else is that person going to do that or are they just not going to go i think theyre not going to go. I dont know, i mean its the person familiar with the product you dont sit there saying wow im getting mobile delivery. Its a person in the store and can get it in the office i would think you want them you dont want to make it too easy. Making a purchase you might not make the other thing we see about deliveries, the tickets are larger tickets on delivery if you look at the larger ticket on delivery and its for every fast food players but for starbucks delivery. I was trying to figure out how they increase margin a year ago i got a croissant. They sell croissant. This year about a fichgt of the size for the same price. Maybe i got bigger could be. Could be. This now comes to down to valuation. Kaern talking about the guide. I get it if they make 3. 10 lets say next year. A 90 stock. Thats losty levels. Not suggesting it doesnt deserve it but youre getting rich in starbucks. More on earnings for starbucks head to cnbc. Com and squawk on the street with ceo Kevin Johnson, friday 9 35 a. M. Eastern time. Im melissa lee. Fast money on cnbc much more fast coming up. Announcer its all about injures today on fast money. Well bring you the biggest take aways from the apple and facebook Conference Calls. And breakdown what it all means. And later, shares of General Electric topping the tape today. But can the momentum continue . That and more when fast money returns soft music when i see obstacles, i create opportunities. When i see adversity, i find a way. When i hear never, i say now. [announcer] Southern New Hampshire university is education made to fit your goals with over 200 degree programs, flexible class schedules, and some of the lowest online tuition rates in the nation. cheering so when i face barriers, i can break through. [announcer] breakthrough at snhu. Edu. Welcome back to fast money. Im Julia Boorstin with an alert on facebook. Facebook career Mark Zuckerberg kicking off the Earnings Call by defending facebooks position to run political advertising. This comes after twitter announced this they will no longer run any politic willing or issue ads listen to what Mark Zuckerberg had to say. We estimate that these ads from politicians will be less than 0. 5 of the revenue you next year. Thats not why we are doing this to put this in perspective, the f. T. C. Fine the same critics said wouldnt be enough to change incentive was more than 10 x big are than this the reality is that we believe deeply that political speech is important and thats whats driving us i just want to note that cfo david wayner made the comment about the revenue outlook saying they expect pronounced deacceleration of the growth rate in the q 4 and said therefore 2020 revenue did he acceleration would be less pronounced. Thank you very much, julia. I dont know how i feel about what Mark Zuckerberg said. It seems a weak argument that we have such a small amount of revenue as a percentage from political ads we believe political speech is important theyre not asked to ban political speech thats not the issue here with swirt twitter. Theyre banning political ads there is a difference. So it would be inconsequential to the bottom the revenue line. Im sorry i thought that i heard that as ads. I dont know i understand what you are saying its not political ads thats tiny if its political speech that ultimately leads to adz is that what you are saying. Political adz is a small percentage they could do away with it and feel no impact financially. But he is saying. Because we believe political speech is important. Right. But there is a different between speech and ads political speech is at the core of the biggest issues, no i think that thats ultimately its nice to point out were not reliant on elections but i think what people really care about is have you gotten a handle on the Security Issues on your site im not sure gwen we wait for the call to hear about margins, i think they have to spepd. I dont think he wants to do it because its opening up pandoras box and what else does he have to control i dont think they can do it how would you use that leverage how do you know what to shut down, what not to . How much investigative work do you do theyre worried about breaches worry about braechgs upper back spend money and have Security Breaches thats one you sh issue but when you worried about thp this when twitter says they are not having it and you get a lot of guys not just guys, Money Managers that want to sell facebook and buy twitter based on performance based on performance where you lighten up on a facebook position and then you buy twitter thats down 26 recently those people investing are thinking twice because now you have to see what time of Material Impact youre getting on twitter so twitter just talked themselves into a big are decline. If you wait for something in the hole to buy twitter because youll get a chance in the mid20s and see where it lies from lets switch gears, the Federal Reserve cutting indicates again but indicate being it may be the last one for a while. Lets get to Steve Liesman with the latest. Hey, melissa. That thats awl folks. Chairman Jerome Powell announced in no Uncertain Terms the fed is on hold unless there is a Material Change to expect aches. We think the current stance of policy is likely to remain appropriate. Likely to remain appropriate as long as incoming information about the economy is broadly consistent with our outlook which is a positive one of moderate Economic Growth strong labor market and inflation moving close to 2 . Bringing the overnight lending rate to 1. 75 . Trade concerns and Global Economics behind the cuts this time process but the fed says its provided a lot of help to the economy and thats enough for now. Dropping the phrase from prior announcement acting as appropriate. That had been the signal to markets that rate cuts were on the way. Instead the fed says it will the assess the appropriate path of the funds rate that means being on hold a while now. What would it take for the fed it to resume cutting he says Economic Data would be would have to be weaker. How about a hike thats far off too he says. I think we would need a significant move up in flan inflation thats consistent before raising rates. Markets now see a 20 of rate cut in december and dont pak bake another in until march and barely at that a trivia question for you, are you ready melissa. Yeah. What was the funds rate expect aches for 2020 this time last year . Oh, for 2020 . For 2020 . Wow close to 3 what was it, steve. 3. 4. Oh be wow okay what is it now. Lets do high level math on national television. I know youre a harvard person youll do this. I went a math person. I went to the university of buffalo see if we can do it. 3. 4. Now hat 1. 6 it which i think is like 1. 78. Yeah. Theres been 1. 8 of relief. Ia sure. 75 basis points of actual cuts but a percentage point coming off of the expectations for future rate cuts thats were thats powells thinking there we provided relief we cut we reducing the Balance Sheet and we got rid of the hikes we were going to give and cut rates i think thats a nice way of thinking about it. But a lot has changed also in the past year in terms of the data on economic expectations. Yahdy yadda we in a trade war, right. A minor detail. The minor detail. No biggy. Thats a good point, melissa. Actually powell made a pinpoint about in which is worth saying he says you know we have the same economic outcome we projected. But were only getting there with a much lower fed funds rate so thats really what he is saying we incorporated all the Global Economic weakness and the trade war. Right. He does basically he has the optimistic outlook on the economy. But only getting there through a much lower funds rate than initially projected. Right. That would get there which was a 2 growth rate. Steve, thank you as always. Pleasure. Steve list liesman from washington, d. C. For more on the fed decision today lets bring in marry yaen bar tells etf strategy at bank of america we saw fed funds go down in terms of expectations for a december cut are you there . Only a 20 chance. Our economists are there for this year. But there is still concern that the economy can slow into 2020 so we havent taken another rate cut off the table. We think there is risk you get a rate cut in the First Quarter of 20. So whats your expectation about Global Growth . Do you think the rest of the world is bottoming and that provides a floor. Well weve been the Global Economy has been slowing the u. S. Is slowing but not enough to see a global recession. We stay in that camp that we kind of muddle along, muddle our way through without seeing a major recession. Right, there is some european economies on the verge of a recession. But we dont see any major global recession so if you see trouble ahead for the economy next year, your investing in terms of the sectors you like are cyclicals so how do you sort of navigate that are you in it for now. So, yeah, we still like cyclicals because we are not calling for recession. We think the fed will remain accommodative. We think cyclicals attractive on valuations particularly the financials we actually still like the financials. We also cover etfs, one of my new roles at the bank. And one of the way you can do that is through the kbwb, etf kofrpg the kbw bank. We find them attractive. They have clean Balance Sheets still attractive foredividend yields for the longer Term Investor we think there is a risk reward thats positive. Even if the economy slows and the fed cuts rates. The bond market in terms of volatility with he see 10year yeeltds in the curse of a year go from 3. 25 back to 1. 5 back to 1. 85 1 ht 47. Currently levels does the volatility in the bond market which is larger in market cap than the equity market is that concerning because if you associate the same volatility if tilt in the equity market wed have different conversations on the desk every night. We dont think people are talking enough about that subject. We wrote about it, the firm wrote about it, how the volatility in the bond market is very high and if you look at where the returns the equity market looks a lot better than the bond market. What were telling people is expect continued volatility in the bond market. Were still forecasting, the rate strategist think rates have going down even though temporarily backing up here and that the trend in rates are lower. Mary anne great to see you thank you for coming in. Thank you. What i thought was interesting was the equity markets were stable. The press conference but we saw buying into the trt up 1. 5 . What did you make of that. The yield curve flattened a bit. Essentially the fed told you were going to assess the appropriate path was the hawkishness. Dollar weakened up and yields down told you the fed is going to be more accommodative than you thought. Coming up all over big tech earnings with apple and facebook and lift lyft all on the move in the after hours. We bring back the tech earnings renaissance man. Gene munster to fwrad the results much more fast money coming up nonseasoned travelers. And they took my toothpaste away. And you should be mad at people who take unnecessary risks. How dare you, hes my emotional support snake. But youre not mad, because you have e trade, whose tech helps you understand the risk and reward potential on an options trade its a paste. Its not liquid or a gel. And even explore whatif scenarios. Wheres gate 87 . Dont get mad. Get e trade and start trading today. By the way, shes the it wasnext mozart. G day. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. Robinwithout the commission fees. So, you can start investing today wherever you are even hanging with your dog. So, what are you waiting for . Download now and get your first stock on us. Robinhood. The amount of Student Loan Debt i have, im embarrassed to even say. We just decided we didnt want debt any longer. I didnt realize how easy investing could be. Im Picking Companies that i believe in. I think sofi money is amazing. Thank you sofi. Sofi thank you, we love you. Owning and running the biggesta small business. Is finding the right people. In hiring our first recruiter, we decided to post a job on linkedin. They had to have worked. At a recruiter firm and be bilingual. When we saw ana marias profile. She had a ton of experience in hr. The interview went really well. And she seemed like someone who could really sell mckenzie to perspective employees. We found the best person to find the best person for us. Post a job today at linkedin. Com grow welcome back to fast money. Check out shares of lyft cruising higher off the report i love the groans. Ride Share Companies beating on top and bottom lines the cfo telling you are dedra bosa that the company is laser focused on the path to profitability since the debut back in march. Shares have been rolling downhill falling more than 39 but the stock is now heading for a uturn. So great. Yeah. Well, i mean theyve been telegraphed a little bit not long ago about two weeks, they expect to be profitable i believe the Fourth Quarter of 21. That sort of gave you this is not widely different from that that was sort of a heads up. God for the industry maybe we are seeing some rationalization of pricing, should be good for uber but id rather own lyft upper backer is down a in the after hours. I think thats an interesting reaction. You have to pick which side of the fence you want. Do you want uber that has a lot of leverings pull and can be more diversified obviously the market wants to know theyre laser to focused on this but i would be rather be an owner of ubfer eastbound if the businesses are not profitable. Id rather know there is a couple of buckets to koos from versus having one. If you know the other businesses might not be voftable then theyre not levers to put just drafts. Id rather have a couple of buckets versus one i know cant be. But the buckets are leaking, right . Five leaky buckets or one depends on the leak. There was an environment in the market wanted those addones to their car so i think that was where uber was get going. But in fact thats right its driving with the brake on. You have a case here where i think people reward the pure play even though structurally i wouldnt get excited by the numbers at all the Short Interest is 6 on the stock. There is no one very little confidence out there and these numbers dont sway the confidence even for the pure play. Ill say i actually like litt gou back to the july quarter a 60 stock. They told bus a pathway to profitability. If we are in we remember in the after hours it was 63. 5 stob. The only thing did he railing other than uber which was a disaster was the lock up came due and we are talking about 295 million shares or so coming free i think in august the 18th. Now its a 43 stock and again laser focused op profitability i understand the uber argument but, again, second time tonight would you rather i objectly would rather, lyft. Self would you rather. Same show. Coming up, Energy Stocks getting zapped this year as the worst performing sector but options traders bet one name is about to come back to life on theaine rngs week. They gave you the name stay tuned their medicare options. Ere people go to learn about before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . Thats the plan well, youve come to the right place. Its also a great time to learn about an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company. Heres why. Medicare part b doesnt pay for everything. Only about 80 of your medical costs. This part is up to you. Yeah, everyones a little surprised to learn that one. A Medicare Supplement plan helps pay for some of what medicare doesnt. That could help cut down on those outofyourpocket medical costs. Call Unitedhealthcare Insurance Company today. To request this free, and very helpful, decision guide. And learn about the only Medicare Supplement plans endorsed by aarp. Selected for meeting their high standards of quality and service. This type of plan lets you say yes to any doctor or hospital that accepts medicare patients. There are no networks or referrals to worry about. Do you accept medicare patients . I sure do see . Youre able to stick with him. Like to travel . This kind of plan goes with you anywhere you travel in the country. So go ahead, spend winter somewhere warm. If youre turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. Thumbs up to that remember, the time to prepare is before you go on medicare dont wait. Get started today. Call unitedhealthcare and ask for your free decision guide. Learn more about aarp Medicare Supplement plan options and rates to fit your needs oh, and happy birthday. Or retirement. In advance. This is just coming. The white house responding to twitters removal of political Ads Campaign Manager brad parzyckle saying twitter walked away from hundreds of millions of revenue a very dumb decision. Meantime facebook shares turning sharply hire in the after hours. Up almost 5 at this point lets bring in gene munster of luke ventures to discuss more about this Conference Call first, your reaction to this and is Mark Zuckerbergs statement about political ads and sticking by them is that the oh stock turned. I think the ultimately there is a concern that facebook had a lot of luchyness in their business too we havent talked as much about it but next year around political ads and him gichg context that this isnt lich lumpy that everything is organize inic and core and can be relied that was a shot of confidence for investors. Thats primarily whats driving the stock higher it seemed to be tied close to the comment on the call zuckerbergs comment about that. Have we gotten anything about op exyet. Not much theyve been coy about that piece tp at the end of the day i think this trend of op exmoving more in line with Revenue Growth is probably eprobably the skens you but theyve been coy on the call. There is no sense yet for the Investor Community whether or not op exwill have to go up going into the political season. Seeing they are sticking by political ads. I think that the fact that they havent said its going up or reiterated that is a sign by deductioning people deducing that they are sticking with effectively revenue growing at the same pace as expenses. And i think that also is a piece of confidence. I was really surprised to hear that again someone who i try to be as midof the road as possible. But i have leanings more negative towards facebook. I was impressed. Do you think that twitters decision is going to hurt it in the long run maybe help facebook yeah, ultimately, yeah, i think thats the irony here is that this will create a little bit more of political advertising related to facebooks business. Switching gears to apple, youre a busy man. You got two ears and two calls were still up in the after hours session here gene, anything standing out to you. They came out a data point that wearables accelerated to above 50 . 50 for the previous two quarters probably like 5 a peppers thats impressive they also mentioned that threequarters of the new apple watch buy resist apple watch buyers new to the platform process. We estimated about 75 million apple watches have been sold lifetime to date thats a big dressable tamp apple doesnt break it down. We can back in the numbers they have now sold about as many air pods, 75 million as apple watches. Another part of the story is to watch the trajectory they hint to this with wearables. Watch the tranltry with air pods, obly with air pods pro but cook also reiterated that the apple contribution will be healthcare he said that many times before which makes me think of other biomarkers related to wearables. Quick grades on quarters. Im going with a b plus for facebook originally i was a b moved that to b plus and a minus for apple. Marred greater, right. Thank you. Who wants to be in professor murnts class. Gene munster for luke ventures we stick with earnings options traders bet upon a energy stock this we can. Look at the cramer cam jim breaking down one group of stocks he says is too cheap. Live at the sdnaaq in times square much more fast money still ahead. See thats funny, i thought you traded options. Im not really a wall street guy. Whats 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 youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Prevagen. Healthier brain. Better life. Whether youre or here on a wifi hotspot. Xfinity mobile has more coverage to keep you connected to what matters most. Thats because its the only Wireless Network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. Switch now and see how you could save up to 400 a year. And get 50 off when you buy any new lg phone. Xfinity mobile. Click, call or visit a store today. And we want to issue a quick correction here. Earlier we indicated this response to twitters removing political ads from the trump Campaign Manager brad parse could from the white house it was not from the white house. It was from the Trump Campaign we wanted to make sure we made that clearly distinct, the distinction very clear from the campaign, not the white house. Switching gears here we are closing in on the tail enof a busy week of earnings but not done yet exxonmobil reports before the bell tomorrow after getting out to a hot start in 2019 the stock findsitself in need for fuel for turn around shares tumbling in negative for the year traders in the Options Market betting this stock is finally showing energy mike khouw in sunny las vegas to break down the action. Hey, mike. Exxon saw about two times average daily options volume today. Implying a move of 2. 5 op earnings but it was a longer dated december 2. 5 call that saw the activity, about 2,000 traded for 27 cents buyers of calls betting its ridesing above the 72. 5 strike price for quarter they paid up 7. 8 by december expiration, seven weeks omfr friday. Thank you for that mike see you friday up next, final trades. Announcer topping the tape is brought to you by old dominion freight line. Apple still up 2 after hours. And facebook up 5 this does it for us. See you back here tomorrow at 5 00 mad money with jim cramer starts right now my mission is simple, to make you money. Im here to level the play field for all investors. There is always a bull market somewhere. And i promise to help you find it mad money starts now hey, im cramer welcome to mad money. Welcome to cramerica other people want to make friends, im just trying to make you some money my jobs not just to entertain, its toejt, its to teach to inform call me at 1800743cnbc or tweet me jimcramer. Everybodys focused on the fed right now and with good reason they just gave us that quarterpoint rate cut we wanted soad