The big boet on bitcoin thats got everyone talking. But first, we begin with a trip back to the future for the markets and this was flagged by our own dan nathan a year ago today it was trading at 2900 and basically back to that exact level and lets fire up the flex capacitor to see what life looked like and wow, the world would change this time last year the s p 500 would trade 17 times pe and the tenyear note, and unemployment j was just over 3. 5 and Flash Forward to today, it is trading 20 times, and the yield. 6 and unemployment is projected to hit 16 and gdp is negative for the first time in over a decade. The world has been turned upside down and the market doesnt steam to care. So if youre an investor, should you make like a tree and get out of there i am told thats a funny line from the movie youve never seen the movie i saw it. The movie was released in the summer of 85. I think i turned 50 that year. It dawned on me as i listened to your intro the economy is george mcfly. The stock market is biff tannen, just making himself going to the top, but think about what happened at the end. So thats why i would caution folks this chasm between the two i dont think can last much longer with that said, you just have to be extraordinarily impressed by the resiliency i thought monday was an extraordinary day and today the late selloff not withstanding was still very impressive. Dan nathan. You flagged this chart for a reason so whats your thesis . Yeah. I mean, listen its pretty clear to me and ive been pretty consist own the this first things first. The market has not made up any ground over the last month or so and its been grinding between 28 and 2900 in the s p 500 obviously, the news has been really bad on the economic front, but ill just tell you this again, if youre looking at the stock market and the thing that has been most seriously propped up by the fed action over last couple of months and youre looking at the wrong lens as it relates to the Health Crisis and the economic crisis and all you had to do was listen to Warren Buffett over the weekend and hes selling everything hens and hes not putting that their 137 million to work that he has for a rainy day. What is he waiting for hes friends with the smartest guy on the planet, bill gates who is telling him theres very likely to be another wave of this virus i think you wait here and stay in to win. Someones phone is ringing. No, its not guy. Its not me. It sounded like an oldtimy ring karen . Im pretty confused by the action im not nearly as optimistic about the vshaped recovery. Guys been flagging that tensions with china on trade are really a risk and they seem to cool somewhat, and the market rallied, i think, on that, but you had treasurys very strong. Thats not consistent with a vshaped recovery and then you have gold gold up big. A lot of different xhingsing on, i dont want to sell what i own and vix is sort sort ever in limbo, im skeptical that we have this vshaped discussion, and the fed action is so extraordinary theyre throwing trillions, and with a t qwest qwest, its hard to know were throwing that around, it doesnt make me want to be short the market. I would never be short anyway im long. Thats something that didnt fit into the nice twocolumn chart when it comes to a year ago versus today and thats the fed and its extraordinary actions with a blanket guarantee of every debt out there, tim, on top of a lot of stimulus coming out of congress. Right the fed is the plutonium in the flex capacitor theyve taken us to an era where youve had just an extraordinary thrust in the market whether its to another place in time and whether its to the place where the market doesnt belong on fundamentals. You also have equity underweights everywhere. You have equity shorts in many places and so i think this is a lot with where to did with whered market is and the fed basically making it clear that they will do whether they are doing has been enough for the equity market. We all know the economy is not in great shape e specialspecialh the second and Third Quarter where markets will start to rally and i dont think we have to necessarily charge higher i think you should take it as a victory that the markets have held on to most of those gains that nobody thought they were going to, and i think the markets behaved pretty well despite closing near the lows the last two or three days dan ill just say this. I mean, i would say that the equal weight s p 500 doesnt act well its down 20 on the year versus the s p 500 thats down a little less than 11 on the year and we know why that is and its the crowding in the magna trade and 20 in the s p 500 just look at the banks and look at j. P. Morgan, how poorly it closed to be and how poorly it trades in general down 25 on the year and the bank stocks and the equal weight s p 500 are telling you that the economy have bottomed and you might see the unemployment number reach a top some time soon and whats different this time than the past financial crisis is that unemployment topped out two years after the stock market topped out if youre telling me that unemployment in this crisis, is that it topped out of the s p 500 bottomed out of this crisis. To me, if you really want to focus how the stock markets doing, look at the banks theyre telling you that this economy is doing in a deeper and longer recession than equal weight, and its telling you that the rally is not as broad as most people think it is. Our next guest says the opposite of dan and the market bottom is in. And well get to chris veronas. Chris, what are you seeing listen, i think i think there is supportive data that would suggest the typical ingredients of a major low have shown up in recent weeks and we kind of take this in bullet point form oneonone. If you look at march, march were two of the most capitulate months and the new low was as bad as anything weve seen in about a hundred years. And you fast forward to april and the quality of the rally in april was remarkable we had really, really long a rally in one month and one of the best moves in history and when you get moves of this magnitude over a short period of time the forward returns from this are into almost in the future tend to be exceptional the tricky part of the call is theyll return over the next one to three months and it brings us to the new point and were in the digestation phase where they have to consolidate some of those gains and i think thats likely through may and june, and just look at some levels you can see this market consolidate back to that, and lets call it 25. 50 to 26. 50 range and that will be a 12 drawdown from the highs and theres a lot of support there, and one thing we would see is if you saw the market come in here, and the apocalyptic that was so prevailing throughout march and april, and i would view that as an Opportunity One of the things weve been very impressed by over the last number of weeks in particular, if you go to the next slide is the riskseeking leadership that the markets actually exhibited i recognize things like banks have been softer, but high beta is outperforming by a very, very wide margin. Conversely, a lot of the groups are off the field. Look at utilities and continue to underperform and one of the groups over the last week or two. I see some offensive characteristics, even as the market starts to pause here and i think thats pretty important. And then lastly, i think underappreciated its only three weeks ago we were talking about negative frontmonth crude. Crude has stabled an important rally. Weve seen brent go from 15 to 33 weve seen the entire crude curve, wti back above 20 and i realize its a week away and some demand is being introduced into the economy so i know may and june, seasonality is not our friend here and we may need to consolidate, but when we look at the capitulation in march and the quality of the rally in april and i at least think its worth enter take the idea that we put a major low just to underscore this, chris, we think we see the bottom and we can still see as part of the long consolidation process which can take a few months to the fall and we could see within that, a 12 drawdown. Yeah. You know, i think whats interesting is in president ial election years you tend to see markets grind in may and june and tend to put a bottom some time in around july and thats a decent playbook here and theres expectation of being very precise in this business and i think thats a little bit of a mistake. I dont want to get too cute about the finer point and the Bigger Picture here is you dont get many opportunities with 35 , 36, 37 stock and i reject the idea that this has been a quick event. The russell 2000 peaked in june 2018 so there have been segments of the market that have been in a bear market for a long period of time and one of the Untold Stories so i think under the sur as it its broader tan what people think. Chris when you have the overall major drawdown in stocks. Chris is realistic that yoeb i dont expect markets that have to hold 2850 to 2900 and the consolidation is not one that rushes to the lows and not the one that he used the word apocalyptic and the sentiment and the position got oversold and there are other things that are happening, too i think the dollar will be your friend and the dollar is 3 off of the almost 18year highs and maybe that was a double top around 103 1 2 i think the fed is pinning the long end of the curve and i dont think rates will stay low, and i think credit is we dont totally know the credit picture and the banks have prepared the market and they are prepared for the credit and as best we can understand the dichotomy and i would tend to take chris view as most people know. We have breaking news on ford phil below has the story melissa, ford announcing officially what we heard from gm and Fiat Chrysler over the last couple of days ford will be resuming production at its plants starting on monday, may 18th remember, earlier today the governor of michigan basically gave the allclear for manufacturers to once again begin production starting next monday the 11th. On the 11th ford will begin waking up the system starting with its parts, deep owe that will reserve monday, may 18th. This will being a gradual production, and instead of three shifts it will be two shifts and in some plants where there are two shifts it will go to one shift and there will be safety calls for those workers and ford resuming production on monday may 18th melissa . Phil, thank you phil lebeau. Resuming production is important in terms of getting the cash flow going and ford did a Debt Offering successfully and did this make the picture for ford and the other makers that utsch in better . Its at least some clarity its a little clarity so that is good and we got a lot more claire frit gm, and i would much better be in gm however long it takes and we dont know how long its going to take and one of the flipsides of an uber which well get to is are people not going to do ridesharing or will they want to own their own cars . That would be a positive i would much rather be in gm than ford. Coming up, shares of uber make a uturn in the afterhours session and what the ceo said on the call thats got the stock reversing course and later, a bitcoin bombshell and our own bitcoin baller, b. K. , will join us with his take when fast money returns. These days staying connected is more important than ever. So were working 24 7 to maintain a reliable network, to meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. Welcome back to fast money. Weve got an earnings alert on uber shares are soaring after reporting results and this after an 11 game in the regular session. Lets get to deidre bossa. Melissa, shares turned positive as the call kicked off. Heres what ceo dharra shahi said to turn them around i want to talk about what were seeing in Business Today and i wont sugar coat it. Covid19 has a dramatic impact on rides with it down 80 in april, still there are green chutes driving restraint optimism weve seen week on week growth for the past three weeks this week is tracking to be the fourth consecutive week of growth last week we saw a 9 trip growth and 12 bookings growth globally he also said that he believes the u. S. Is now off the bottom net losses were pretty breathtaking, 2. 9 million in the quarter and remember, uber has been burning through billions of dollars for years. The shock may have worn off. Its the promise of profitability that investors are focused on and he says it remains a strategic priority and covid19 will impact our time line by a matter of quarters and not years. We will hear more from him tomorrow morning on squawk box just to be clear, he said profitability by 2021, isnt that correct wasnt that the prior promise, as well . He actually moved that up to the end of this year he didnt say whether or not that remains intact and they have withdrawn their guidance for the year total so the best indication we have is him saying quarters, not years, but that initial target was by the end of this year. Lyfts is next year. Deidre, thank you deidre bosa. Interesting, guy, to think that you can suspend your guidance and still have a projection for profitability. To me, im scratching my head. Especially in the current environment that we find ourselves in when nobody knows what the worlds going to look like a week from that let alone six months, and i dont know how to sort of gauge this. Uber added probably, i dont know, 7 billion in market cap today on the back of deidre said and thats a market that we find ourselves in and thats why a lot of people, myself included find themselves scratching their collective heads we played the game last night, would you rather ill play it for night two once again. I would still rather lyft, but the move today in uber both during the day now in the postmarket is again to use the word remarkable. Youre forgiven for the self would you rather dan nathan, it looked like in the quarter you could actually see the other businesses really firing namely eats, for instance its showing strength in other ancillary businesses no doubt about it i mean, listen, was there clearly a dislike in that business and the moneylosing aspect of it prior to the pandemic and its nice to see some other leverage to pull when the rides business is floundering. It is astounding to me that the stock is up on the year when you consider that there will be serious Behavioral Changes how consumers interact with this Service Going forward. That being said, its pretty nascent if you think about it in the grand scheme of things the stuff will be around for a while and the thing that we were just told, though, about the profitability, im with guy here they have a mulligan why put it out there, you know i think you can kind of keep this thing as kind of opaque as possible in the meantime, but i just dont know. I would not be buying it after the twoday run its had gene munster has been on the call. Profitability in 2021 and yet they pulled guidance, it doesnt make any sense to us does it make sense to you . It does not i dont know where that confidence comes from. I think its potentially leading investors in a distant direction and this quarter is not as clean as it looks with the up 10 . I would caution, yes, uber eats is on fire and it is 25 on bookings up 54 and that is a good thing and eats, that loses money and so were losing money than the other business. They burn cash and went from 11. 3 billion to 9 billion. Keep in mind that lyfts cash was flat quarter on quarter. They talked about a billion in cost savings and lyft talked about 500 million in cost savings and when you compare the different sizes of the mralt form and the fact that lyft is four times bigger and theyve saved 2 billion to be compared to the 500 million they lost market sthar rides are down 5 year over year and the bookings are up 23 for lyft, and i think this is quite perplexing and not only the comments about the profitability and no company has any visibility with probably a week at this point, but what i think it really speaks to this move in the stock is just investors appetite for good news its just were so much looking forward to that and so when he talks about some of the previous week, i think it gets a substantial rating when i put this together, theyve done a good job, but this is still a company that is going to have a lot of moving parts. One last thing just on eats that your viewers should keep in mind, too. We talked about the fact that this loses money more than a typical business we have 20 or 25 share in the u. S. Doordash is the large west 40 or 45 share we dont talk a lot about door bash because its a private company, but ultimately, this is a really competitive business. Again, i did this yesterday. I applaud lyft for not going after something shiny here and trying to get into that business i think its a trap. Tim, youve got a question. Hey, gene, what do you think about 31 million uber rewards and what do you think about the relationship theyre touting with 46 with fortune 500 companies. Are these a part of the foundation of the business that give you more confidence and stickiness in an uncertain environment . Its good for the rewards and the relationships that they have lyft has similar types of relationships and i dont know what the percentage is, but its similar. I think ultimately, there is a bigger question at play thats not talked about here beyond the rewards and the current numbers and all of the noise in the numbers is that weve talked a lot about the key questions is around safety and reinvestors a talking about the safety of your own car and how that would impact long term behavior and how we think about transportation in the future so, for example, if we worked more from home, if we traveled to the airport, and that was 9 of bookings for lyft if we have more groceries delivered to our home and dont use a Ridesharing Service to get there. To me thats probably one of the most underappreciated questions here, incredibly difficult to answer, but that question of how has everything weve gone through with the pandemic accelerated this future and does it include people not moving around as much. Gene, good to get your take on this. Gene munster of loup ventures. When gene said lyft gets 9 of the revenues on trip to the airport and to take a look at how the airlines are doing and the decimation of the flight schedule and what expectations we have for that to return to normal for people to get to the airport. The Ripple Effect is just amazing. It is thats a big number. 9 youre exactly right how do you have guidance, when you know, when everything is so obscure. We have no idea how well the recovery will go i guess they have some guidance on their ability to cut costs and i dont understand i dont know if it was gene or you who said talk a free pass. If you ever get a quarter for a free pass on guidance, this is it i dont know why they felt to get that middle hard to understand how they have confidence that. They did say quarters, not years. Maybe its more than four quarters i dont know i dont know how many quarters they were talking about before they break even. I dont know i completely agree with you. I dont understand how that makes sense. Coming up, the one Hedge Fund Titan who just sent a giant shockwave. Who thinks its the golden age for bit coin why options traders are trying to light things up. Fast money is back in two. Its a challenging market. Edward jones is well aware of that. Which is why were ready to listen. And ready to help you find opportunity. So. Lets talk. Edward jones. Its time for investing to feel individual. Right now, there are over a million Walmart Associates doing their best to keep our nation going. Because despite everything thats changed, one thing hasnt and thats our devotion to you and our communities. Our priority will always be to keep you and our associates safe, while making sure you can still get the essentials you need. Our Retirement Plan with voya gives us confidence. We can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Im good at my condo. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Welcome back to fast money. One of wall streets most Successful Hedge Fund managers sending a shock wave across the cryptocurrency market. Paul tudor jones, comparing the cryptocurrency to the gold trade back in the 1970s, calling it the fastest horse in this environment. Lets break this bombshell down with our own bitcoin baller, brian kelly. B. K. , i know crypt on twitter was just on fire today with this more so than ever its a funny place, but yeah certainly having somebody with Paul Tudor Jones and having patty green come in and put their stamp of approval on this asset class got everybody really excited. When making the comparison to gold back in the 1970s, if you followed the evolution of gold and guy probably knows this better than i do, but at one point in time youre buying gold and the etf didnt exist and when the etf existed it became accessible to investors and it sort of it democratized it and it took away that sort of bang to your buck when it comes to the movement of gold because there wasnt scarcity involved with it. Can you see the same thing happening with bitcoin especially if there are talks with etfs if this continues to go mainstream. If this is truly a flag being planted in mainstream investment, the next step could, in fact, be etfs i mean, it could be we havent seen it yet were a long way away from the etf based on what the sec has said and at this point in time its much more of an institutional look and youre buying the stock market. When you look back at the world market in the 70s, that was kind of the first real market that you had and thats a lot like what bitcoin is right now you didnt have all of the derivatives and you didnt have the options and the etfs that might tamp down that volatility and thats the same case here in bitcoin and when you look at bitcoin on a risk reward basis, say you buy gold on the idea that inflation is coming and it doubles. Youre going to be happy and no one will be upset at a double and an investment and bitcoin, where its gone and where it can go and the 5 and 10x, bitcoin would not be inconceivable in this environment brian, big fan of your work a lot of people think the gold, bitcoin is binary. You have to own one or the other. They both cant work do you think in this environment both can do well sure. Its the same thesis its the idea that you have a capped security or a capped supply and whether its gold or bitcoin, i happen to think that bitcoin has a much higher upside and a better risk to reward, but the thesis is very similar the only other thing i would say about bitcoin thats different than gold, its a lot more mobile, right . Weve seen the issues weve had over the last weeks where gold prices disengage from futures because they couldnt get gold bars from london to new york to settle you dont have that issue with bitcoin. This is internet money you just send it right over and settle it. So in that sense, i think bitcoin has a bigger role to play in this environment than gold does. All right b. K. , great to see you brian kelly, our own bitcoin baller karen, im curious, when someone like a Paul Tudor Jones, do you think that paves the other way for Hedge Fund Managers to do the same yeah. I think so it does. It sort of nobody wants to get sort of outed having owned bitcoin if it completely falls apart, but if you can say Paul Tudor Jones owned it also, maybe that gives you a little bit of cover. I believe i think he said it a few weeks ago if this isnt the environment for bitcoin to work, if this isnt money printing all around the world then i dont see what is if inflation ticks up, im optimist take bitcoin will go up, as well. Coming up, we have an earnings triple play zillow while moving lower and well break down the action. Later, what the ceo of sothebys saying about the health of the wealthy. Stay with us welcome back to fast money. The earnings keep rolling in roku, zillow and trip adviser. Lets go to seema modi for more on trip adviser. Its just how badly the travel industry is hurting from covid19 it estimates daily bookings and revenues across segments and products declined year over year more than 90 in late march and this trend continuing through april. Trip adviser ceo stephen coffer expressed his concerns, we believe we are currently going through the darkest days and we remain confident that travel will rebound and the demand for the products and services will recover and in the meantime, trip adviser is taking steps to reduce costs in addition to laying off 23 of its workforce announcing furloughs of approximately 22 of its workforce or employees. Worth noting, every company in the hospitality and travel space have announced layoffs or furloughs due to the pandemic from marriott to airbnb to the cruise lines and the question, when will americans travel again . The ceo says hes betting on a slow rebound in the third and Fourth Quarter executives say it will happen in waves and a pickup in Regional Travel bay car and once we have access to testing and vaccine, travel by plane. Seema, back to you thank you seema modi with trip adviser tim seymour, thats pretty dire and as dire as we thought it would be, that was dire. Down 90 and it really tells you where they are and theyve withdrawn guidance and the visible is difficult and frankly of the major travel online player, i think bookings has the best cash position and has the best leadership position i dont think you need to go to trip adviser here in this environment when they basically told you they are reeling it in for liquidity. Lets get to zillow now diana olicks got the numbers. Diana . As you recall, the Housing Market started 2020 very strong. So revenue came in right along expectations at 1. 1 billion and q2 guidance came in below expectations and thats yet stock is taking a hit right now. As for the Zillow Offers program which is its i Buyer Program where they buy homes for you and sell them out. They had sales end 1700 homes in inventory after shutting down due to covid19 and on the Conference Call, ceo rich barton said theyre actively planning to restart and that is unfreeze the iBuyer Program and theyre looking at safety and the health of the local markets at the end of q1, it had 2. 6 million in cash and investments and the highest in the companys history. Barton said real estate is resilient and people still need to move and dream of moving perhaps even more now. Melissa. Diana, is there an expectation and are you getting a sense from the Conference Call that the value of those homes that theyre carrying on their Balance Sheet will at least retain their value at least retain were not going to see the kind of increases that we were seeing earlier on we were seeing those price increases gain home prices were very strong coming into 2020 we are not expecting to see major drops except perhaps locally in markets that got hit hard like maybe las vegas or phoenix, so no, theyre not seeing that they expect to see the value drop and were not expecting to see gains either. Diana, thank you. Diana olick on zillow karen finerman, you didnt like zillows Business Model i used to love zillows Business Model, i think your question is a really good one. It seems like theyre kind of committed to it. It just changes and it goes from the asset light to an asset heavy and i mean, im optimistic on real estate, i dont understand why you want to get into this. Guy its had a tremendous run and i think the stock closed up lerche. 5 and 12 today and im sequestered like Charles Van Duren and theres another movie reference and it doesnt sound like its down much more than 20 or 30 in the after hours its remarkable its not giving a let back unless im missing something thats a tremendous tell i think the rally has been again, somewhat ridiculous, but that you mentioned them the other day with the elon musk everything he touches seems to turn to gold why not zillow he listed two houses on zillow for sale by owner lets round things out with roku and the stock is up 10 and lets get to Julia Boorstin. Hi, julia. Melissa, thats right those roku shares down well over 9 despite the company reporting faster than higher than expected revenue and that number growing faster than expected and the stock did plum oat the company saying its advertising business has seen higher than normal cancellations and saying that while its ad business will expect to grow and theyre expected to do so at a slow are pace and the pandemic is slowing and rokus internet ad growth and the upside of reduced budgets are that markers are looking to spend efficiently which highlights the value of rokus ads and the company is well positioned to take share from linear tv ads and the company revealing that its on acceleration of new accounts in april with streaming hours of 8 last month and this after incremental accounts with streaming hours of 49 over last year in the quarter and he believes the pandemic is accelerating, and that shift will be permanent and for now, the ad Revenue Growth is just not what analysts were hoping for and shares now down over 10 . Back over to you thank you, Julia Boorstin ad revenues arent panning out, dan. How will they be in a month or two months, do you think well, this is probably as good as it gets for them with net ads and streaming hours. Obviously, we are seeing acceleration toward streaming and are these guys going to get more of that pie Going Forward and we knew the net ad would be there. We knew that would be bad across the board. Is this the sort of platform that will command a greater piece of the secular shift and i would say no and the stock had a difficult setup here and it was up 20 or so in the last week and a half and giving some of that back right now. Listen, when you look at the volatility in the stock over the last few months you say to yourself something is not exactly right here investors have had a hard time firging out where this should trade and i suspect it is here until they can put up another quarter and show ad growth all right we have breaking news on reopening efforts out west specifically, melissa, when it comes to the city of San Francisco and this is coming from mayor london breed out in San Francisco who tweeted out as soon as the 18th theyre looking to allow some businesses to resume operations with storefront pickup. Again, on the 18th the release from the Mayors Office goes on to say that the first round of these particular orders with regard to businesses that will be allowed to operate with storefront pickup are bookstores, florists and music stores and hobby, and toy stores and consumer supply and Art Supply Stores and Musical Instruments and supplies and peace good stores. So this follows up, melissa, earlier this past couple of hours, governor gavin newsom of california theyre looking to start things up for certain businesses starting tomorrow the 8th. Some of these steps tangibly taking place in california and specifically s specifically San Francisco with the phase one. Dom, thank you. Dom chu with the update there. This stock is lit that was a clue. So whats the trade . Stick around well tell you, next and top execs from etsy, newmont, square and norwegian cruise be sure to catch that at the top of the hour on mad money. Were back in two. Employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. A lot goes through your mind. With fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. Thats the clarity you get with fidelity wealth management. And tailored recommendations. Because theyre here working day in, day out at t is here providing support with advanced services for First Responders and connecting temporary hospitals, mobile testing sites and Emergency Management centers because until their job is done it is essential we all have their backs its what weve always done. Its what well always do. Make it tough to take care of yourself, thats why you can rely on natures bounty. To give you the support you need. To stay motivated keep active and sleep well. Add a little more health to your day. With natures bounty. Welcome back to fast money. Fireeye topping 10 and lets get to mike khouw with the action hey, mike. Hiin, melissa. These cybersecurity stocks are on fire and it traded 50 times as many calls on five times the average daily call volume. Most of that activity was concentrated in the may 11 and 11. 5 strike calls and those are the ones that will be expiring a week from tomorrow buyers of those calls are betting that the stock will be higher by 12 bucks by the end of the week and that would be another 6. 5 minimum and given how much these stocks have moved and its understandable why the people would be using calls after such a strong uptick than theyve seen mike, thanks for that mike khouw guy adami, it makes sense. You need more cybersecurity and there are the articles of potentially the chinese and pharmaceutical companies with the vaccines scary stuff there, mel and im a huge fan of the options action and what i say about fireeye. I think these cybersecurity stocks would have much better and a name like fireeye and i hate to use the term, but i will, Spring Loaded on the back of what mike is saying and i would be more inclined to buy it than fade it here. To watch options action, be sure to tune in tomorrow at 5 30 p. M. Eastern time coming up, how about a cup of kof we Hillary Clinton or a recording session with sting it can all be yours if the price is right well talk to the sothebs yceo about his latest Charity Auction. Stay with us you know, the chef here trained in france. Mmm, it shows so good. Oh hey, did you say you needed help with investing . Because i know someone whos really great. And you trust him . Totally. Yeah. We went to school together. Ill check him out on investor. Gov. So, whatll it be . Ill just have the burger. Before you invest, get the full report. Check out an investment professionals background for free on investor. Gov. Before you invest, investor. Gov. For free on investor. Gov. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Welcome back to fast money. Coffee with Hillary Clinton, a recording session with sting, hanging out with borat himself those are a few of the items up for sale in sothebys covid relief auction we are joined by charles stewart. Thank you for being with us. What a great cause i want to get a sort of Temperature Check on what youre seeing in your Customer Base i know like so many businesses, youve moved a lot of those auctions online. Youve had 40 sales since march 1st netting 70 million. Whats your sense of what those sales would have been like had there been no pandemic have you seen less in price and less participation. Thank you very much for having me on the show. Indeed, the markets are at a luxury, i would characterize as surprisingly resilient over the last few months since the quarantine began, and i think that reflects the fact that first of all, you have almost literally a captive audience you have people who are passionate about these categories and focusing on them and there are fewer channels, perhaps in terms of how to pursue and indulge those interests and we have seen the benefits of that you got the numbers exactly right. Weve had 40 auctions over the past few months from art to jewelry, to watches and wine among many others. Are you getting a sense of where these customers are . In other words, other parts of the world are opening up faster so perhaps asia was more active in some of these auctions than the United States . Its a great question absolutely the activity that weve seen from buyers and sellers are very global in fact, just this weekweve reopened offices in milan and geneva and other parts of europe which is a great sign. Asia has been open for some time at this point and indeed, were seeing in this global marketplace, were seeing bidding coming from all over the place and certainly asia has been, you know, a strong source of collecting and purchasing for some time now and this period is no exception dan, you have a question . Yeah. On the auction, there are really interesting lots there, and im thinking of throwing bids in on the virtual conversation or mumford and sons are there unusual values in there . What was the impetus for getting this Charity Auction together and tell us about this organization that youre supporting. Dan, thank you so much for the question i agree with you on the strokes. Theyre a great band i love their new album we are actually auctioning 24 virtual experiences that i would characterize as priceless and it ranges from everything from recording a song with sting to hanging out with the strokes or Sasha Baron Cohen or coffee with Hillary Clinton or a Virtual House Party at the real Downton Abbey with some of the characters in the series its a 100 Charity Auction on behalf of the International Rescue committee which like us is a Global Organization who for the last 90 years has focused on providing support to displaced people and theyre doing everything from providing covid relief and preparedness in places like syria to handing out free meals here in brooklyn. We are thrilled to partner with them and if you look at our website, you can bid until tomorrow afternoon. Well have to check it out. It is a Great Organization charlie, thanks so much and thanks for your time we do appreciate it. Thank you im going to go to guy i think that you and karen have had some experience with this auction process. Hopefully, you have the footage and years ago, its got to be 2009 finerman and i went to christies and we had a great chute. We bid on a carl icahn original and karen had the wherewithal to outbid me and she won, but it was quite the experience. I like that you guys wore black. Is that what you do at these fancy shymanskiy auctions . Karen, you wore black tie . I usually go bid over the phone, but what the hell . It was fun to do that with guy it was a portrait of carl, not by carl. Right, right, right i dont know if it makes any difference. We saw it we have breaking news oh, god glad i cant see it. Breaking news here on disney. Julia boorstin has the details this is the first u. S. Disney property to begin reopening on may 20th, Disney Springs which is in florida, this is sort of the outdoor Shopping Mall entertainment area that is adjacent to the orlando parks, it will reopen on may 20th and no date for the theme parks and it will reopen the Disney Springs outdoor area adjacent to the parks. Disney shares are up 1. 5 . Guys, back over to you. Thank you, Julia Boorstin up next, final trade i know that every single time that i suit up, there is a chance that thats the last time. 300 miles an hour, thats where i feel normal. I might be crazy but im not stupid. Having an annuity tells me that im protected. During turbulent times, consider protected Lifetime Income from an annuity as part of your Retirement Plan. This can help you cover your essential monthly expenses. Learn more at protectedincome. Org. High protein. Low sugar. Tastes great high protein. Low sugar. So good. High protein. Low sugar. Mmm, birthday cake. And try pure protein shakes, with 24 vitamins and minerals. Time for the final trade karen . Yeah. You wonder where all of this debt will lead us . Inflation. I want to be short the tlt dan nathan. Yeah. Just with uber, youll remember, this company just laid off 14 of the workforce and youre cheering it up here. To me it doesnt make a lot of sense to be a seller of uber. Tim seymour people are definitely smoking more if they smoke m. O. Is the ticker. Guy adami yeah. Dont smoke. Just say no. Number one, number two and im with mike coco beware on this. Thanks for watching fast my mission is simple, to make you money im here to level the Playing Field for all investors. Theres 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 job is not just to entertain you, but to educate, teach you. Call me 1800743cnbc tweet me jimcramer. What if we have a vaccine . Thats what todays rally was about, a virtual dry run if moderna ca