Transcripts For CNBC Fast Money 20240712 : vimarsana.com

Twitter shares soaring on a rumor the company is looking to build a Subscription Service a source close to the situation tells me that a Subscription Service is one of many Revenue Generating options that twitter is considering, but that no announcement in that area is imminent Ceo Jack Dorsey has said hes kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use ticktock. Secretary of state mike pompeo said late monday that the United States was looking at banning chinese social media apps including ticktock. Ticktock responded to pompeo by pointing to the companys new american ceo, former disney executive kevin mayer, saying we have never provided user data to the Chinese Government nor would we do so if asked. I want to go to dan nathan first. As i recall, dan, you had fast pitched twitter back in june, i believe. Here we are. Was this a part of the possibility . A week and a half ago no, not really listen, i think the subscription idea has been in the background for a while. Theres a number of ways they could probably charge users. One of the points i wanted to make last week was their average revenue per user lags compared to facebook, 20 versus 30. These guys are going to have to figure out how to get that higher, how to get better margins, how to better monetize the users that they have i think from a sentiment standpoint which is good news even if its just a rumor and it puts the company in a position where they might figure out some tricks theres a whole host of things theres buy buttons theyve had in the past. Theres a lot of things this company can do senator cotton, mike pompeo, they obviously dont have teenage daughters. The idea of banning tiktok here in the u. S. Would tear apart families right now because its been a fantastic app i know my girls are using it like crazy. In other words, to keep them occupied so you dont have to worry or deal with them. Yeah. Guy adami in terms of twitter, could this help the site move away from advertising and also monetize their sub skr subscriber base. No question i think people have come to the realization that twitter is a much more valuable property than the stock suggested over the last couple of months. I remember in the middle of may when President Trump went after twitter, twitter briefly traded below 29 kudos to dan without question, that power pitch he did was outstanding, one of his best. I think he got thumbs up across the board. I do think our smart audience voted for him as well. I do believe twitter is going to the february high of 39 jack dorsey is now inserting himself into the conversation for ceo of the year. It is remarkable that jack dorsey was under fire not that long ago for being ceo of two companies and here we are with two companies that are just on fire its quite a turn. It is quite remarkable. I think he was also under fire for being ceo of two companies and then wanting to move to africa for at least half the time i think that was one of the things that elliot management thought maybe thats a little bit too far. Kudos to him hes taken a leadership role in what is the place for social media, what do they need to do, what is it their responsibility to do. Thats been important. And i think that all of these stocks in the last two or three days of social media stocks are getting a bit of a tiktok bump it would really be a disaster for a lot of households if tiktok were gone i feel like twitter has played with this idea before a couple of times i dont know if they will ever get around to it i guess for my money i still prefer alphabet and even facebook right tim, do you think if twitter went down this road, are there other social Media Companies that could also go down this subscription road which would sort of diversity themselves away from ad revenue yeah, but its not good for the daily active user growth and the engagement trend we still dont know what the subscription model will look like but for a company that are north of 75 in terms of ad revenue thats what it comes down to the advertising growth has been good its been a massive underperformer relative to both social and even just whats been going on in technology there have been some head winds on doj they are mentioned along facebook every time these things come up. But i do think that twitter has been looking for catalysts this stock is attractive and there is Intrinsic Value to this user base. Ad targeting and the ability to use analytics to drill down and get more value for what they provide, i think twitter is undervalued. Pinterest was also up today perhaps on this notion if tiktik were banned in the United States, that could help some of these other sites. Tiktok crucial in this time of pandemic in terms of keeping peace in an average American Household but 2 billion downloads globally of this particular app. Im one of the 2 billion. Ive become a huge tiktoker. Its like that synchronized dance that you do with three other people snapchat, kudos to 386 steve grasso was talking about that stock many months ago and said its going to break to the upside facebook had the opportunity to squash them and i think they took their eye off the ball. On top of the tiktok news, whats going on at facebook is a huge tail wind for snap. You mentioned pinterest. By the way, some of the crew from mad money working with us this week, i hope theyre able to put up my pinterest page for the folks at home. It is a thing of beauty. Excellent lets bring in gene munster. The pop we saw in twitter shares if the subscription model came to fruition, is that pop justified . Unlike. The reason is its likely that twitter will have some other form of other subscription business about 15 of their Business Today is selling data to organizations thats a form of a subscription business. While it is likely they had other subscription businesses, these types they target are going to be a consumer facing data Subscription Service. What that means is maybe 10 million users at 600 a year that would add about. 2 to twitters revenue. Sounds great from the leaks, but the substantiveness of this is unlikely to move the needle. The ability to segment twitter from a Premium Model to a paid model could krcreate some massi destruction. Companies like spotify have done a great job. Its a great, very attractive road but i suspect this is not going to drive valuation higher. What ultimately will drive valuation is focusing on what they have been focusing which is engagement and increasing advertising revenue per user. Even if they said, hey all you users, pay 5 a month or whatever it is, that wouldnt move the needle in your view that would. Unfortunately if they just said you want better access to news, for example, theres some provisioning around the types of news and the speed that you get it if they metered that and put a paywall around that, i think that would cause anarchy in twitter base twitter would turn against itself effectively it reckons to an anology analogy should google charge for its services i think a lot of people would say theres a ton of value in google and they would be willing to pay 5 a month. To really build a powerful Subscription Service for twitter or google, youd have take out its most critical piece. I think people would not want that. On the potential ban of tiktok here in the u. S. , how would the chinese in your opinion retaliateretaliate would it be apple in their app store, the Android App Store how do they retaliate . The way china operates is theyll likely just make it more difficult for some businesses. I dont think apple will be targeted part of the reason is with this chapter weve had over the past year with huawei being banned, the Chinese Government struck an incredibly supportive tone toward apple during that period. I think Companies Like apple, its the biggest u. S. Company that has exposure to china both on the manufacturing and the user base. I dont think there will be a direct retaliation i think it would be more subtle. The risk in the truth lies several layers beneath the surface when it comes to ticktock. It seems this is just a political stunt thats riffing off whats going on with china and india in an election year. It seems to have some merit to it because china bans all social media, facebook, google maps, pinterest. Thats all banned in china it makes sense for the u. S. To ban tiktok i want to mention one quick side point. Tiktok, the data gets back to china. The truth is this, that the u. S. Is the most profound country when it comes to global tech if the u. S. Decides to ban tiktok, beyond what the rift would be in families with teenagers, it does create a precedent of other countries starting to look toward the u. S. , maybe a country that wouldnt even be china it could be you pick the country that somehow has issue with how facebook was provisioning some news around it and bans facebook or maybe does more regulation on facebook or google that is the truth behlow the surface that needs to be factored in here and thats the reason why i think tiktok will remain available in the u. S. You raised an interesting point. It seems like tiktok is trying to walk this fine hine tiktok has also said theyre going to deny the Chinese Government user data from hong kong yet theyre perceived as abchinese company thats being potentially banned in the United States you remember a couple years ago there was some sort of bans on jewels on tuuls on the tobac products then the Trump Administration learned it didnt poll particularly well with a subset of voters and they kind of stepped away from it they are flailing in trying to show their might a little bit or the potential to do something. Tim censorship of u. S. Social media and Internet Companies is a big issue. The u. S. Has plenty of sword rattling to do at a minimum. I thi im not so sure theyre going to care about the ramifications, the Collateral Damage of what it might mean for u. S. Companies around the world i think theyre serious and i think there may be a solution that we can have here. Companies typically and were seeing this in hong kong, u. S. Companies are pushing back and not giving up this data. Lets see how this prevails. I dont think this administration is going to back down from this one. By the way ive been getting a lot of twitter messages about how to find guys pinterest page were going to show you the pinterest page its a lot of good content on that page. And its a Family Friendly page nothing to be scared of there. You should look, tim in the time of pandemic it would be a good pastime. Pretty good looking page, i think. All right. I have a wonderful picture of Audrey Hepburn on that page wearing a hat in case anybodys interested im sure many are lets move on. Another big move in the market today we found in gold, the precious metal soaring above 1800. The gold miner is also seeing some gains, jumping more than 3 guy, youve been on the trade for a very long time yesterday night it was theres a saying, as heard on as heard on cnbcs fast money, and this dates back to the fall when we were do this at the nasdaq in new york citys times square we were talking about the move in gold and silver and the reason you needed to be in these mining stocks. Pan American Silver has broken out to the upside. Most of the revenues are driven by their gold business i know everybody is talking about gold now, but i do think gold is going to continue to move higher. I dont think were anywhere near to the end of this thing. I actually think were closer to the beginning. Ive said this on the show a number of times. Youre going to walk in one day and gold is going to be up 200 and its going to happen again the next day and gold is going to be on the front page of all the news stories now this dollar weakening, which i think will continue, its absolutely going to be a tail wind for the precious metal. Our next guest sees gold heading to new highs the founder of galaxy digital. Great to see you. Great seeing you. In terms of gold, whats your thesis here, new highs driven by what listen, the macro setup is so perfect for Something Like gold. Central banks around the world just keep printing money, more money, more money, more money. So gold is going to take out the old highs of 1950 or something and its going to keep going i think were just starting this move. Is this any sort of a hedge or is this independent of your thesis in the markets . You know, i think were in the irrational exuberant zone of the markets but its hard to figure out where that stops. You look at any of the story stocks like tesla, theyre beyond what would normally be a huge move. You cant use a discounted cash flow model and come back with anything rational. Theres so much liquidity. You dont know where it ends a good friend of mine said, hey get on the airplane, just make sure youre on the seat closest to the exit. Were in a bubble. I think you could see stocks in gold decouple at one point where weve got an election coming up. I think biden is going to win by a landslide and hes going to jack up Capital Gains tax to ordinary income. Hes going to announce that this week quite frankly and that will be good for the stock market but theyre going to continue to pump in liquidity. Gold, i also love bitcoin for the same reason, Core Holdings of mine. I think were early in the cycle. Mike, its karen. So you mentioned bitcoin and gold theres a lot of overlapping elements to the thesis, inflation kind of run amuck. Which of the two do you think will do better if we start to see inflation really kind of kicking into gear . Its a little unfair to compare them because bitcoin is a 5060 vol asset and gold is 1 6 of that. I think bitcoin will outperform gold because were still in the adoption cycle theres more and more people working on making it easier to buy. At one point well get an etf. My sense is bitcoin way outperforms it but i would tell people to have a lot less bitcoin than gold just because of the volatility. Youve seen multiple commodity cycles gold silver ratio looks interesting. But other commodities here, some of the same setup works for copper and possibly even for oil. What do you think . I there will be supply constraints. If the economy comes back, if covid doesnt crush us, you could see oil spike back to the high 50s or maybe even 60 its a bit of a different thesis simple to play gold, silver, bitcoin in this monetization three ti thesis the real economy has issues. Certainly in the u. S. Were stumbling through this covid i was in las vegas a few weeks ago and already the numbers are down because of the covid resurgence were having a hard time getting a lot of our economy restarted you cant travel abroad if youre an american i was going to go to greece. They said no, you cant come were in a fairytale world because the fed is giving so much money its hard to see where markets end, but you dont really want to bet on things that are geared to the real economy, then. You said you trade the s p 500 range. I wonder if that range has changed at all you also mention some of these momentum story stocks like tesla. Have you been in any of these trades, recognizing that momentum is carrying these stocks yobeyond what their fundamental state might be a little bit. I didnt make nearly as much money as someone who went all in and went bullish on the thesis i fought it for a while, then quit fighting. I have a ton of bitcoin and bitcoin is part of that story though it hasnt done as well. I have a bunch of gold stockwise i havent done as well i courageously tried to short tesla yesterday and today. Well see. It felt like 37 in three days was too much im still picking some spots to be very shortterm on that stuff. I havent played the big momentum so my friends are getting richer than i am. Guy adami, youre laughing. If he has 800 friends, maybe thats true. I know a lot of people dont know this. He was a bad ass krwrestler in h day at princeton university. I agree with him 100 . I do think the precious metal story is just starting and that the stock market is completely decoupled from the real economy. At a certain point, that has to sort itself out. I dont think its going to sort itself out with the economy magically catching up with the stock market. This is the debate weve had every single day since the march bottom you may intellectually believe that the economy is a certain way and the market should trade a certain way, but this is the market you have and you have to trade what you have. Yes its funny because he used the metaphor of be on the airplane and sitting near the door. Another great one is called dancing by the door. I think you have to be dancing by the door on a lot of these risk assets and you have to put some stops underneath you. It is the market we have and you can hold your nose and you can still make money here. I think the liquidity, i continue on. The feds vice chair, the things that came out yesterday were to me shockingly dovish i think considering where we are in the cycle, the fed is showing no signs of laying back. Gold for sure going higher i think silver is a better trade if you look at that gold silver ratio. In this environment with the falling dollar, guy talked about the gdx. I dont always love that trade but its a good place to get back involved. Buyer beware sending a warning to wall street that this one sector will halt the market rally plus used car sales in overdrive as customers scramble for a set of wheels. Later tweet us your burning questions cnbcfastmoney its pretty inspiring the way families redefined the word school this year. Its why, at xfinity, were committed to helping kids keep learning through the summer. And help College Students studying at home stay connected through our university program. Were providing affordable Internet Access to low income families through our internet essentials program. And this summer, xfinity is creating a Subscription Service<\/a> a source close to the situation tells me that a Subscription Service<\/a> is one of many Revenue Generating<\/a> options that twitter is considering, but that no announcement in that area is imminent Ceo Jack Dorsey<\/a> has said hes kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use ticktock. Secretary of state mike pompeo said late monday that the United States<\/a> was looking at banning chinese social media apps including ticktock. Ticktock responded to pompeo by pointing to the companys new american ceo, former disney executive kevin mayer, saying we have never provided user data to the Chinese Government<\/a> nor would we do so if asked. I want to go to dan nathan first. As i recall, dan, you had fast pitched twitter back in june, i believe. Here we are. Was this a part of the possibility . A week and a half ago no, not really listen, i think the subscription idea has been in the background for a while. Theres a number of ways they could probably charge users. One of the points i wanted to make last week was their average revenue per user lags compared to facebook, 20 versus 30. These guys are going to have to figure out how to get that higher, how to get better margins, how to better monetize the users that they have i think from a sentiment standpoint which is good news even if its just a rumor and it puts the company in a position where they might figure out some tricks theres a whole host of things theres buy buttons theyve had in the past. Theres a lot of things this company can do senator cotton, mike pompeo, they obviously dont have teenage daughters. The idea of banning tiktok here in the u. S. Would tear apart families right now because its been a fantastic app i know my girls are using it like crazy. In other words, to keep them occupied so you dont have to worry or deal with them. Yeah. Guy adami in terms of twitter, could this help the site move away from advertising and also monetize their sub skr subscriber base. No question i think people have come to the realization that twitter is a much more valuable property than the stock suggested over the last couple of months. I remember in the middle of may when President Trump<\/a> went after twitter, twitter briefly traded below 29 kudos to dan without question, that power pitch he did was outstanding, one of his best. I think he got thumbs up across the board. I do think our smart audience voted for him as well. I do believe twitter is going to the february high of 39 jack dorsey is now inserting himself into the conversation for ceo of the year. It is remarkable that jack dorsey was under fire not that long ago for being ceo of two companies and here we are with two companies that are just on fire its quite a turn. It is quite remarkable. I think he was also under fire for being ceo of two companies and then wanting to move to africa for at least half the time i think that was one of the things that elliot management thought maybe thats a little bit too far. Kudos to him hes taken a leadership role in what is the place for social media, what do they need to do, what is it their responsibility to do. Thats been important. And i think that all of these stocks in the last two or three days of social media stocks are getting a bit of a tiktok bump it would really be a disaster for a lot of households if tiktok were gone i feel like twitter has played with this idea before a couple of times i dont know if they will ever get around to it i guess for my money i still prefer alphabet and even facebook right tim, do you think if twitter went down this road, are there other social Media Companies<\/a> that could also go down this subscription road which would sort of diversity themselves away from ad revenue yeah, but its not good for the daily active user growth and the engagement trend we still dont know what the subscription model will look like but for a company that are north of 75 in terms of ad revenue thats what it comes down to the advertising growth has been good its been a massive underperformer relative to both social and even just whats been going on in technology there have been some head winds on doj they are mentioned along facebook every time these things come up. But i do think that twitter has been looking for catalysts this stock is attractive and there is Intrinsic Value<\/a> to this user base. Ad targeting and the ability to use analytics to drill down and get more value for what they provide, i think twitter is undervalued. Pinterest was also up today perhaps on this notion if tiktik were banned in the United States<\/a>, that could help some of these other sites. Tiktok crucial in this time of pandemic in terms of keeping peace in an average American Household<\/a> but 2 billion downloads globally of this particular app. Im one of the 2 billion. Ive become a huge tiktoker. Its like that synchronized dance that you do with three other people snapchat, kudos to 386 steve grasso was talking about that stock many months ago and said its going to break to the upside facebook had the opportunity to squash them and i think they took their eye off the ball. On top of the tiktok news, whats going on at facebook is a huge tail wind for snap. You mentioned pinterest. By the way, some of the crew from mad money working with us this week, i hope theyre able to put up my pinterest page for the folks at home. It is a thing of beauty. Excellent lets bring in gene munster. The pop we saw in twitter shares if the subscription model came to fruition, is that pop justified . Unlike. The reason is its likely that twitter will have some other form of other subscription business about 15 of their Business Today<\/a> is selling data to organizations thats a form of a subscription business. While it is likely they had other subscription businesses, these types they target are going to be a consumer facing data Subscription Service<\/a>. What that means is maybe 10 million users at 600 a year that would add about. 2 to twitters revenue. Sounds great from the leaks, but the substantiveness of this is unlikely to move the needle. The ability to segment twitter from a Premium Model<\/a> to a paid model could krcreate some massi destruction. Companies like spotify have done a great job. Its a great, very attractive road but i suspect this is not going to drive valuation higher. What ultimately will drive valuation is focusing on what they have been focusing which is engagement and increasing advertising revenue per user. Even if they said, hey all you users, pay 5 a month or whatever it is, that wouldnt move the needle in your view that would. Unfortunately if they just said you want better access to news, for example, theres some provisioning around the types of news and the speed that you get it if they metered that and put a paywall around that, i think that would cause anarchy in twitter base twitter would turn against itself effectively it reckons to an anology analogy should google charge for its services i think a lot of people would say theres a ton of value in google and they would be willing to pay 5 a month. To really build a powerful Subscription Service<\/a> for twitter or google, youd have take out its most critical piece. I think people would not want that. On the potential ban of tiktok here in the u. S. , how would the chinese in your opinion retaliateretaliate would it be apple in their app store, the Android App Store<\/a> how do they retaliate . The way china operates is theyll likely just make it more difficult for some businesses. I dont think apple will be targeted part of the reason is with this chapter weve had over the past year with huawei being banned, the Chinese Government<\/a> struck an incredibly supportive tone toward apple during that period. I think Companies Like<\/a> apple, its the biggest u. S. Company that has exposure to china both on the manufacturing and the user base. I dont think there will be a direct retaliation i think it would be more subtle. The risk in the truth lies several layers beneath the surface when it comes to ticktock. It seems this is just a political stunt thats riffing off whats going on with china and india in an election year. It seems to have some merit to it because china bans all social media, facebook, google maps, pinterest. Thats all banned in china it makes sense for the u. S. To ban tiktok i want to mention one quick side point. Tiktok, the data gets back to china. The truth is this, that the u. S. Is the most profound country when it comes to global tech if the u. S. Decides to ban tiktok, beyond what the rift would be in families with teenagers, it does create a precedent of other countries starting to look toward the u. S. , maybe a country that wouldnt even be china it could be you pick the country that somehow has issue with how facebook was provisioning some news around it and bans facebook or maybe does more regulation on facebook or google that is the truth behlow the surface that needs to be factored in here and thats the reason why i think tiktok will remain available in the u. S. You raised an interesting point. It seems like tiktok is trying to walk this fine hine tiktok has also said theyre going to deny the Chinese Government<\/a> user data from hong kong yet theyre perceived as abchinese company thats being potentially banned in the United States<\/a> you remember a couple years ago there was some sort of bans on jewels on tuuls on the tobac products then the Trump Administration<\/a> learned it didnt poll particularly well with a subset of voters and they kind of stepped away from it they are flailing in trying to show their might a little bit or the potential to do something. Tim censorship of u. S. Social media and Internet Companies<\/a> is a big issue. The u. S. Has plenty of sword rattling to do at a minimum. I thi im not so sure theyre going to care about the ramifications, the Collateral Damage<\/a> of what it might mean for u. S. Companies around the world i think theyre serious and i think there may be a solution that we can have here. Companies typically and were seeing this in hong kong, u. S. Companies are pushing back and not giving up this data. Lets see how this prevails. I dont think this administration is going to back down from this one. By the way ive been getting a lot of twitter messages about how to find guys pinterest page were going to show you the pinterest page its a lot of good content on that page. And its a Family Friendly<\/a> page nothing to be scared of there. You should look, tim in the time of pandemic it would be a good pastime. Pretty good looking page, i think. All right. I have a wonderful picture of Audrey Hepburn<\/a> on that page wearing a hat in case anybodys interested im sure many are lets move on. Another big move in the market today we found in gold, the precious metal soaring above 1800. The gold miner is also seeing some gains, jumping more than 3 guy, youve been on the trade for a very long time yesterday night it was theres a saying, as heard on as heard on cnbcs fast money, and this dates back to the fall when we were do this at the nasdaq in new york citys times square we were talking about the move in gold and silver and the reason you needed to be in these mining stocks. Pan American Silver<\/a> has broken out to the upside. Most of the revenues are driven by their gold business i know everybody is talking about gold now, but i do think gold is going to continue to move higher. I dont think were anywhere near to the end of this thing. I actually think were closer to the beginning. Ive said this on the show a number of times. Youre going to walk in one day and gold is going to be up 200 and its going to happen again the next day and gold is going to be on the front page of all the news stories now this dollar weakening, which i think will continue, its absolutely going to be a tail wind for the precious metal. Our next guest sees gold heading to new highs the founder of galaxy digital. Great to see you. Great seeing you. In terms of gold, whats your thesis here, new highs driven by what listen, the macro setup is so perfect for Something Like<\/a> gold. Central banks around the world just keep printing money, more money, more money, more money. So gold is going to take out the old highs of 1950 or something and its going to keep going i think were just starting this move. Is this any sort of a hedge or is this independent of your thesis in the markets . You know, i think were in the irrational exuberant zone of the markets but its hard to figure out where that stops. You look at any of the story stocks like tesla, theyre beyond what would normally be a huge move. You cant use a discounted cash flow model and come back with anything rational. Theres so much liquidity. You dont know where it ends a good friend of mine said, hey get on the airplane, just make sure youre on the seat closest to the exit. Were in a bubble. I think you could see stocks in gold decouple at one point where weve got an election coming up. I think biden is going to win by a landslide and hes going to jack up Capital Gains<\/a> tax to ordinary income. Hes going to announce that this week quite frankly and that will be good for the stock market but theyre going to continue to pump in liquidity. Gold, i also love bitcoin for the same reason, Core Holdings<\/a> of mine. I think were early in the cycle. Mike, its karen. So you mentioned bitcoin and gold theres a lot of overlapping elements to the thesis, inflation kind of run amuck. Which of the two do you think will do better if we start to see inflation really kind of kicking into gear . Its a little unfair to compare them because bitcoin is a 5060 vol asset and gold is 1 6 of that. I think bitcoin will outperform gold because were still in the adoption cycle theres more and more people working on making it easier to buy. At one point well get an etf. My sense is bitcoin way outperforms it but i would tell people to have a lot less bitcoin than gold just because of the volatility. Youve seen multiple commodity cycles gold silver ratio looks interesting. But other commodities here, some of the same setup works for copper and possibly even for oil. What do you think . I there will be supply constraints. If the economy comes back, if covid doesnt crush us, you could see oil spike back to the high 50s or maybe even 60 its a bit of a different thesis simple to play gold, silver, bitcoin in this monetization three ti thesis the real economy has issues. Certainly in the u. S. Were stumbling through this covid i was in las vegas a few weeks ago and already the numbers are down because of the covid resurgence were having a hard time getting a lot of our economy restarted you cant travel abroad if youre an american i was going to go to greece. They said no, you cant come were in a fairytale world because the fed is giving so much money its hard to see where markets end, but you dont really want to bet on things that are geared to the real economy, then. You said you trade the s p 500 range. I wonder if that range has changed at all you also mention some of these momentum story stocks like tesla. Have you been in any of these trades, recognizing that momentum is carrying these stocks yobeyond what their fundamental state might be a little bit. I didnt make nearly as much money as someone who went all in and went bullish on the thesis i fought it for a while, then quit fighting. I have a ton of bitcoin and bitcoin is part of that story though it hasnt done as well. I have a bunch of gold stockwise i havent done as well i courageously tried to short tesla yesterday and today. Well see. It felt like 37 in three days was too much im still picking some spots to be very shortterm on that stuff. I havent played the big momentum so my friends are getting richer than i am. Guy adami, youre laughing. If he has 800 friends, maybe thats true. I know a lot of people dont know this. He was a bad ass krwrestler in h day at princeton university. I agree with him 100 . I do think the precious metal story is just starting and that the stock market is completely decoupled from the real economy. At a certain point, that has to sort itself out. I dont think its going to sort itself out with the economy magically catching up with the stock market. This is the debate weve had every single day since the march bottom you may intellectually believe that the economy is a certain way and the market should trade a certain way, but this is the market you have and you have to trade what you have. Yes its funny because he used the metaphor of be on the airplane and sitting near the door. Another great one is called dancing by the door. I think you have to be dancing by the door on a lot of these risk assets and you have to put some stops underneath you. It is the market we have and you can hold your nose and you can still make money here. I think the liquidity, i continue on. The feds vice chair, the things that came out yesterday were to me shockingly dovish i think considering where we are in the cycle, the fed is showing no signs of laying back. Gold for sure going higher i think silver is a better trade if you look at that gold silver ratio. In this environment with the falling dollar, guy talked about the gdx. I dont always love that trade but its a good place to get back involved. Buyer beware sending a warning to wall street that this one sector will halt the market rally plus used car sales in overdrive as customers scramble for a set of wheels. Later tweet us your burning questions cnbcfastmoney its pretty inspiring the way families redefined the word school this year. Its why, at xfinity, were committed to helping kids keep learning through the summer. And help College Students<\/a> studying at home stay connected through our university program. Were providing affordable Internet Access<\/a> to low income families through our internet essentials program. And this summer, xfinity is creating a Virtual Summer<\/a> camp for kids at home all on xfinity x1. Were committed to helping all families stay connected. Learn more at xfinity. Com education. Market flash on Bed Bath Beyond<\/a> the stock is dropping off hours. Kate rogers . The stock falling around 7 in the after hours trade here after Bed Bath Beyond<\/a> said that its sales fell nearly 50 in q1 due to the ongoing pandemic online sales did surge about 100 in april and may. The company says it also plans to close roughly 200 of its stores over the next two years that will begin in 2020, later on this year Bed Bath Beyond<\/a> also owns and operates byebye baby, Christmas Tree<\/a> shop. By closing those 200 locations, the company says this will save between 250 and 350 million in annual cost savings moving forward. So back to school is in doubt, back to college is in doubt, weddings may be on hold karen finerman, these are all reasons to go to Bed Bath Beyond<\/a> yeah. I dont know the only one i can think of is maybe people in their kitchens buying a lot of kitchen devices. Theyre structurally in a terrible place with these giant stores and trying to take on amazon in a covid environment thats hurting everyone. But then you add on the back to school thing i would stay away. Guy, quick . As mentioned last night, once again on fast money, you had a 50 retracement in the name from 3 to 17 down to 10 and change. You had to sell it he was correct here we are. I think it goes lower from here. Speaking of earnings, big banks gearing up to deliver earnings reports next week are we expecting any good news from the banks to turn this all around tim seymour, will we actually get some guidance . Do they have visibility more than anybody else . Well, they certainly have some but again their visibility is that which is going to be d distorted by the liquidity that banks, first of all are passing through, some more than others but that the consumer has certainly been given a buffer and a lot of the corporates have been given a buffer. Some of these Loan Loss Provisions<\/a> which were seemingly high in q1 i think will probably be similar. If theres little for banks to chew on here, i do believe when he priced in a lot of bad news until we get a vaccine, i thinkbacthin think banks are going to underperform the relative value trade back into banks seems to me as if this would be at least for traders a great place to be getting in im not sure you have to do this before earnings, but i do think banks look relatively interesting here. In terms of the visibility and the guidance they could give, it seems like there would be a lot of push and pull in this quarter you have reopenings. You have the consumer still being propped up by stimulus checks, that extra unemployment benefit. We dont really know where things are at right now. Right we dont know where things are at and theyre going to have to make some guesses as well. The Loan Loss Provisions<\/a> which were absolutely a shot in the dark for the march 30 quarter because the shutdown was just starting i think theyre going to have more information here but still not enough information to know for certain. I think were going to see very significant Loan Loss Provisions<\/a> housing and mortgages and then for the money center banks, the Capital Markets<\/a> business they have done since march 30 is astau astou astounding thats going to be one bright spot clearly the market is very concerned about banks. You know, if you look at how banks have not really responded. I think theyre overdone to the downside i think that even with giant provisions which people should expect that theres upside here and i think a year or two from now they could be back to near what they were earning before. Well see what this next guest says lets go off the charts. John, what are you looking at . Weve done a lot of work on the banks. The first chart is a chart of the relative market cap waiting for the financials of course the banks are the biggest component here the relative market cap weight for the financials has been down for ten months in a row. This is the worst news for this group since the Global Financial<\/a> crisis when it went down for 11 of 12 months in 2007 we think the group is going to continue to work lower you havent made any money in this sector as a sector for 20 years. Were looking for it to continue to deteriorate we dont need them is the main takeaway here. In terms of what this might say about the overall market, john so we went back 30 years and we found that over these 30 years the financials are down nine times coincidentally the s p was also down nine times and there was an eightyear overlap where the financials were down and the s p was down in the same year. It has said that with the financials being weak, its likely a drag on the market. Were going to think that our History Lesson<\/a> should not be lost, but we think on the other side of it tech continues to gain the relative market cap strength at nearly 43 in the s p 500. As long as tech stays strong, the financials will likely be a drag but not a killer. Your outlook for tech i think this is a market where you continue to buy the winners. Tech is strong miners are strong. Biotech is strong. Video gaming is strong we have an index called the rich index. Its up almost 100 off the lows these are the winners. Its hard to sell your winners. John, thanks for joining us john roque guy, which chart jumped out at you . Jr is spot on kudos to the earlier fast pitch of twitter dan mnathan whos bee talking about this for a while when you have earnings next week and you get a bounce in these names specifically from jp morgan because its come down from 115 to 92 or so in fast fashion. I think youre going to get a bounce personally i dont see these banks get anywhere close to the levels we saw in january thats what really sticks out to me the most. Dan guy nailed the move in lets say jp morgan when it was back down here in the low 90s i think whats really interesting about the banks the sentiment is really bad especially for the money center banks. They are more tied to the real economy. You look at the investment banks, those charts look much better and they act really well and their businesses are really, really humming the ones that are tied to more debt and more default and Loan Loss Provisions<\/a> and potential bankruptcies, they act really bad. Ill just make one point about jp morgan. This bank is down 33 on the year its up 20 from march lows. Its down 20 from june highs and its trading where it was in mid june it just acts horribly. If it does break lower, if it doesnt bounce or if the bounce is sold next week, then banks are in for a lot of trouble. I suspect they start to take the rest of the market with it because thats a better indicator for whats going on with the real economy rather than the liquidity induced economy that the investment banks are really enjoying right now. I agree with the last thing that dan said, which is if the banks do go lower, its hard to see how the rest of the market cant go lower as well given how integral they are to the entire economy. But i actually think theyll go higher im long. Coming up, calling all car enthusiasts. We have two red hot car stories for you next and the prices are just hitting the gas here. Were going through a really tough time right now, all around the world. And covid19 is still impacting so many people. If youve survived it, then youre the heroes we need. The plasma thats in your blood can literally save lives. But we have to act fast. So please donate. You fought for your life. Now, lets Work Together<\/a> to take down covid19 to donate plasma go to thefightisinus. Org woi felt completely helpless. Hed online. My entire career and business were in jeopardy. I called reputation defender. Vo take control of your online reputation. Get your free reputation report card at reputationdefender. Com. Find out your online reputation today and let the experts help you repair it. Woman they were able to restore my good name. Vo visit reputationdefender. Com or call 18778668555. I know that every 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<\/a> from an annuity as part of your retirement plan. This can help you cover your essential monthly expenses. Learn more at protectedincome. Org. Car vending machines and buying a car 100 online. Vented now weve created a brand new way for you to sell your car. Whether its a year old or a few years old, we want to buy your car. So go to carvana and enter your license plate, answer a few questions, and our technowizardry calculates your cars value and gives you a real offer in seconds. When youre ready, well come to you, pay you on the spot, and pick up your car. Thats it. So ditch the old way of selling your car, and say hello to the new way at carvana. Welcome back to fast money. Check out shares of avis topping the tape today rallying after melvin capital disclosed a 6 stake in the car rental company. The stock up 25 in the past week with Morgan Stanley<\/a> also turning bullish on this name do you hitch a ride with avis, karen . I did see the melvin capital. Its a 13 g. Theyre not looking to do anything aggressive or active but still thats a big stake i think its interesting that what was a huge headwind for avis has now become a tail wind as weve seen used car prices explode as people decide they cant take Public Transit<\/a> and they want to buy a car and some of the original equipment manufacturers havent been able to get out as much inventory thats sort of been interesting to me. I dont know what to make of that first bankruptcy. I could see it as a positive or a negative depending on the hertz closes locations or get rid of debt and operate more leanly its had a big run, though im not chasing it here, but it is interesting. Lets stick with autos and specifically used cars theres been a red hot ral ly o the used car lot phil lebeau has some numbers. When you take a look at the auto dealers you want to look at not necessarily the new vehicle sales. Theyre restocking after everything being shut down back in march really want to focus on the used market because the used market has been red hot when you look at the used car sales or that market, look at auto nation, Group One Automotive<\/a> as well as Penske Automotive<\/a> its the pricing where youre really noticing a difference the average wholesale price 15,177. Last year that was 6. 7 lower. You go back four years, it was 19 lower. Clearly there is demand there. When you go to the wholesale auctions, those virtual auctions show theyre handgun eere wil because people are looking for those used vehicles. Sonic automotive have their franchise dealers and they also have echo park which is their own brand for used vehicle sales. Both have been going very strong what a run sonic has had to go back to april. Finally online is also doing well carvana. This is an example of why in this market people are saying this is the sweet spot carvana has used vehicles with strong pricing and you also get the digital element with the deliveries going to the customer you dont really have the footprint to worry about whether or not something gets shut down in a particular region phil, thank you auto nation one of the top performers raising 11 higher this week. Dan, what you do you make of this space really interesting setup here obviously all that phil and karen just said about the used car market, auto nation is wellpositioned here when you think about the cost savings theyre having this is a low margin business. If you think about the model, t its really about service. If were seeing a secular shift back towards car ownership after years of moving away for a certain demographic to maybe Public Transportation<\/a> or ride share and now theyre coming back, if you sell a used car even at a low margin, your costs are lower too right now. You have them locked in on the service side i think auto nation is really wellpositioned for that if you look at the earnings and sales hit expected for 2020 and you say to yourself if these trends continue, this company back in 2021 could get back to peak earnings and sales. Right now its trading about ten times next years earnings thats cheap this is one you want to keep an eye on because i think you could see it back in the mid to high 40s if things go reasonably well over the next few months. Roger penske huge fan of cnbcs fast money. I want to give a shoutout to him, great american. Carmax, mel. I know youre sharp as a tack in terms of your memory you may recall in mid june we said buyer beware in kmx here we are at 88 i think you take a shot at carmax here. So kmx in many world. If youre investing in some of these used car plays, tim, what happens post pandemic do trends go back or do people actually hold onto these cars . Yeah. I mean the hedge to this trade is that youve got trends for uber and lyft down 10 from april to may or may to june. Those trends are getting worse at some point we go back to normalcy but i think for a carmax, i think these are real trends part of this is the exodus out of the city which is a trend we continue to see as well. Coming up, investors cashing out on Penn National<\/a> gaming this week plus, a prescription for profits. Traders seeing big gains in one Health Care Stock<\/a> heading into earnings feeling stressed . Try new natures bounty stress comfort. Three unique gummies for your unique needs. Find peace. Boost mood. Sleep well. Stress comfort comes naturally, only from natures bounty welcome back to fast money. Penn national has been hot this year up nearly 700 . That hot streak has done cold. Penn is down 10 in the past week karen, do you like this name i actually do kind of like this name. I like that its down. Its a better entry point. I think the resurgence of the virus i think has hurt them and other gaming stocks. I think that some of the delay of smaller scale of professional sports, thats also not great. Maybe the day trading fad, maybe thats peaked and theres lots of debt. But i think the barstool acquisition is great they havent been able to see the real benefit of that theyre going to have an Online Sports<\/a> betting app i think dave porter er iner isa marketing genius i think its actually attractive ultimately casinos will reopen again and Sports Betting<\/a> will come back. Once theres more games i think its going to be gigantic for them. The barstools acquisition or the stake they took is obviously tied toward Sports Betting<\/a> when you look at the price action in may, the company sold about 600 million worth of stock in common and converts at about 18. When the underwriters did that deal back in mid may, they put a 60day restriction on insider selling. The stock is a lot higher near 29 that 60day comes due next week. Could you see insiders take some profits . Possibly that might be one reason for the weakness this week this stock lost 90 of its value from february highs to march lows all of that debt, nearly 12 billion or so, they just raised 600 million in cash. If the stock starts heading h ir lower, i think investors look again. It doesnt really appear that the restart of sports season is looking too great. If those things fail to launch, this stock is going lower. They only have about 41 Gaming Properties<\/a> we just talked about earlier that the vegas thing is not going particularly well too. This could be a spotty summer for gaming Companies Like<\/a> this. Coming up, options traders are betting on healthy gains in the stock. Coming up at the top of the hour, we are taking your stock questions. Tweet us cnbcfastmoney. At leaf blowers. You should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Make ice. Making ice. But youre not mad because you have e trade which isnt complicated. Their tools make trading quicker and simpler so you can take on the markets with confidence. Dont get mad get e trade and start Trading Commission<\/a> free today. Dont get mad get e trade and start trading now is the time to support the places you love. Spend 10 dollars or more at a participating Small Business<\/a> and get 5 dollars back, up to 10 times with american express. Enroll now at shopsmall. Com. We will learn a lot about the consumer and the state of Health Care Tomorrow<\/a> when walgreens reports tomorrow the stock has been crushed the first half of the year options traders are betting on a big move higher. Mike khouw has the story. Although the stock hasnt really performed all that well, we did see calls outpacing puts by 21 right now the Options Market<\/a> is implying a move of about 6 by the end of the week. Thats in line with the 5. 8 or so the stock has averaged over the last three quarters. B buyers are betting that the stock will go above 45 by the end of the week. Theyre betting on good news out of earnings and perhaps making a contraryian bet on a stock that hasnt performed so well next, we have your final trade. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Iredefined the wordng thschool this year. Its why, at xfinity, were committed to helping kids keep learning through the summer. And help College Students<\/a> studying at home stay connected through our university program. Were providing affordable Internet Access<\/a> to low income families through our internet essentials program. And this summer, xfinity is creating a Virtual Summer<\/a> camp for kids at home all on xfinity x1. Were committed to helping all families stay connected. Learn more at xfinity. Com education. Dont forget bonus haour of fast money straight ahead. Tweet us cnbcfastmoney. It is time for the final trade lets go around the horn tim seymour, what do you say thats going to be a great second hour. T tme is the ticker. Trades cheaper than spotify. I think the trends are very much improving in terms of subscription i like this name as i like chinese tech right now. Dan nathan . I was not on cnbcs fast money last night but i was watching the illustrious panel talk about the potential for walmart plus i really like it i think that they will get a better multiple. Thats what the guys were saying last night im a buyer of walmart here. Karen finerman . Seriously, youre a buyer of walmart . Thats kind of amazing because im a buyer of walmart too and that was my final trade as well. I was on the show, not watching it but i was paying attention. I like walmart buying it. Karen and dan agreeing on something. Mark the date. Guy, what do you say its interesting. Obviously theres a lot of time to think one of the thoughts i had during the show is you renting a car. Is that even feasible . Did you rent a car i have a license. What type of vehicle would you rent a big one a large vehicle. A big car yeah that makes perfect sense. You want obviously safety is a factor just please alert our viewing audience when youll be on the roads so they can choose wisely. Ive never gotten a ticket. Oh geez, guy. Just keeping it real. This is what we do what id also like to keep real is the Electronic Arts<\/a> in the game ea. All right thanks dont move we have another hour of fast money coming your way, so stick around for that. If youve had the coronavirus, youve got a lot of fight in you. And youre in a special position to help us fight back. The plasma in your blood can literally save lives. But we need to act fast. Please donate plasma now. Please donate. Donate. Donate. Donate now. You fought for your life. Now lets take the fight to covid19. Go to the fight is in us dot org to find out how to donate. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. Welcome to a bonus hour of fast money. Im melissa lee. Jim cramer is off this week. Its all about you were tackling trading questions drilling down on the hottest stocks tweet us yoush questir question you see our panel tonight. Nikola putting an end to a fivedaty tumble what is next for the red hot name first, how we ended the day on wall street. Stocks hitting back with the nasdaq posting an alltime high. It is up 17 this year the winners in the nasdaq 100, biogen docusign. Lets get to josh lipton who is tracking the trades. Josh so melissa, a few stocks that retail buyers were big on today. Lets run through them nio, vbi, nikola and alibaba vbi vaccines is higher worth mentioning, jim cramer talks about what he calls super speculative names, classic lotto stocks is how jim puts it and does include this name one that didnt fair as well, an Online Fashion<\/a> decembstination. Two others rising would be Clean Energy Fuels<\/a> and the eng lir come p english company. Blue city made the public debut. The owner is described as the biggest gay dating app surging higher and nikola consistent member of the most popular list soaring today as a team at j. P. Morgan did hike their rating on the electric Vehicle Company<\/a> to over weight. Back to you. Thank you let start there with nikola because thats where the first question is from its on nikola lets take a listen. Hi, im eric from wisconsin and my question is on nikola we have a controversial valuation without real financials to support them yet although, they have a very disruptive and innovative Business Model<\/a> using Hydrogen Energy<\/a> within logistics. Will nikola be the next tesla and is it a buy . All right tim seymore, what would you say . Eric so you believunded liket covering that stock. Sounded great. He hit on the issues this is a concept stock. The Hydrogen Fuel<\/a> cell is an alternative vehicle. We had a lot of hype what i find interesting about the story is that the infrastructure that they claim they can provide in this country, it now makes sense and what didnt make sense but they outsourced essentially the production of the vehicle. Look, we still want to see this pickup truck to me, there is an enormous amount of interest in this entire space and right now, this company is riding that wave. I think it looks pricey and not something im chasing but eric, you outlined the issues there. This is a company kind of a show me stock. Yeah. J. P. Morgan is interesting as part of this upgrade that they issued today they said a near term catalyst could be unveiling this oem partner that will actually m manufacture this pickup truck, the badger coming out. Guy, you would think versus tesla that took on the manufacturing risk with the capital and risk of execution. This might be the smarter move. Without question. Kudos to the timing could not have been better because in terms of the stock, i think this was a 75 stock a few weeks ago. I think it closed at 40 yesterday. So the timing was spot on. And i dont know if its going to be the next tesla but if it 120th of tesla, thats a huge move to the upside in stores so i dont necessarily get the story. I mentioned i was away that day in school that we did the periodic table so im not familiar with the letter h hydrogen for the risk reward, you probably set up well given the move to the downside and given this subsequent upgrade. So thanks for tweeting and calling in your question id love this fast money q and a thing and thanks and by the way, mel, we have to say this thank you to the staff from mad money that have been working with us all week i want to throw that out. They are helping us make this all possible so we can talk to you at home out there. Dan nathan, what do you say about nikola it interesting. When you compare to tesla, its important to look back and say this was not an easy stock until about maybe a year ago when it decided to go from 200 to where is it now . 1365 or so in what feels like a Straight Line<\/a>. You know, 2014, 15, 16, the stock felt like it was flat lining around 280, 180 and 17, 18, 19 trading in a very volatile range between 200 and 400 and last summer that it felt like it was about to break the range lows so i feel like its too easy that nikola was like a single day d digit stock and now back at 55 it will be doubling and doubling and doubling again it up 400 already but i think that what tesla tells you at a certain point they have to show you what they can do and tesla has clearly done that and they have made fools out of a lot of people in the last hour, mel, we were talking about tesla a bit and you asked a question about trading the market and the momentum in the name like this let me tell you something, weve never seen anything like this. Okay whether its the market you have it doesnt matter if youve never seen it before, sometimes the smartest thing is just to kind of avoid it because i cant tell you that this is going to end particularly well. It clearly a market mania right now. So youre crazy to short it but by the same token, i keep getting questions when to buy it and i just cant tell you what to do here weve been wrong on this story ive been wrong on this story. Things youve never seen before sometimes the best bet with your money is probably avoid them. The thing you can learn from tesla in terms of that stock, its not an easy thing to trade. Maybe some of the greatest profits can be made if youre able to trade that volatility in the stock and the disbursement of the analyst is enormous i mean, today we had j. P. Morgan yesterday rbc, tim, initiating nikola saying it looks more like a Business Plan<\/a> than a business. I mean, the verdict is really out. Thats extraordinary. And again, its a concept. There are so many idea stocks and we talked about that with novo in the first hour of this show i like what dan is advising. Dan say saying hey, folks, you dont have to jump into every store because you see momentum behind it. Do fundamental work and have a horizon and i think some of these names while you can be as a citizen walking the earth love the concept of what is going on here and a very dynamic caeo, what is the story right now and ultimately there is a lot to be proven with a valuation. As we continue to track the increased activity of new traders out there, we brought back robin track founder casey to layout some of the most interesting trends hes seen in the past few months. Great to have you back with us i know that you do interact with some of the users of the robin track data and you urged them to download the data, use the data, share it with you. Were talking about momentum stocks they are very popular on robin hood in erm tterms of trades. What have you notice snd. There is a couple different modes retailer will be in and the dip and sell it and if the price comes back up and other times when things really start to pick up steam, people sort of convert to a trend following phase. They will pick whatever the pack is doing and jump on board even after its gone up 50, 100, 200 . It depends on the stock and added to the market as a whole. Lets take tesla. It seems like its been until today on this unstoppable run. It may be in that upward trajectory what do you notice how are you detecting this are you seeing increased volume as the stock price continues to go higher when it comes to the activity on robin hood. We keep track of the total number of users. Back in 2018 when i first started collecting data, tesla was one of the most meaner version stocks out there people would buy when the price went down and sell it regularly. It is opposite then at some point in the past year or so, that behavior changed. People started chasing the price up people started buying it after big price increases sort of as a trigger to get in rather than get out. It possible that some people are still following the old strategy yeah, the trend is definitely going higher when the price goes up these days. Guy, im curious when you hear casey talk about these trends in tesla, specifically, what do you think . It terrifying to me, yet, you know, i want to be careful because people have done really well with that strategy. So if people are making money, to cast aspersions but with that said, weve sort of dan eluded to this we isnt seen it before but wean steve versions of it without question and it never ends particularly well. So i just hope the people that are at home watching and, you know, implementing these strategies understand this looks like the real easy game right now but it gets very difficult very quickly and i just hope people prepared for that. Yeah. Casey, the other trend youre seeing on robin hood and that youre tracking on robin track is this rise of the use of fractional shares which is relatively new phenomenon. What is that enabling investors to buy at this point so fractional shares are really appealing to a lot of different investors that want to have a more balanced variety of portfolio while still having a smaller account size so its been very popular and one example of this is in burke shi shire hathaway you can see on the to da when th they started rolling the close a shares that wouldnt it was only two or three people maximum who would hold it at the same time before they had traction l sha frankel shares available. That is interesting people think people that use robin hood are in nikolas of the world, the plug power. They top the leader board every day and dont think about retail traders buying fractional shares. There is a different variety out there. A lot of people who will buy based off social trends, a lot of instagram accounts, ticktock to get trading ideas and share ideas with their peers that the one of the biggest sources of peoples buying and selling decisions for the short term rather than long term investment. Casey, great to speak with you. Well talk to you again soon. Thanks for having me. All right the founder of robintra robintrk dan nathan its tough. Weve been doing this along time were not your stockbroker were not your analyst or Hedge Fund Manager<\/a> were trying to give you insight on things were seeing well get plenty of things wrong here when i watched segments like that or listen to guests like that, its telling you that there is a whole new group of people in the market and thats not a bad thing. Were in the mad money hour here i know jim cramer loves for new people to come into the market and does a great job teaching him. What were trying to do is also kind of espouse a little bit of our multi decade History History<\/a> rimes. It doesnt usually repeat but the riming part is what we do pretty well here and so the timing of all this stuff is really, really hard and trust us, we do not want people to get hurt in manias and there are manias going on now and people are having lots of different tools with lots of money, maybe that they didnt have maybe six months ago and lots of time on their hands and that doesnt always kind of factor into doing the right thing when it comes to investing. So all we can do is kind of point out some things that we think are a little ridiculous. I think this little mania right here is a bit ridiculous right here. Let mos move on lets get to kate rogers for bed, bath and beyond. Hi, we are keeping an eye on bed, bath and beyond the stock continuing to fall on the q 1 earnings miss today. Sales declined as much as 50 in the quarter due to the pandemic. This as online sales climbed by 100 in april and may with more shoppers staying home and buying via e commerce the Company Plans<\/a> to close roughly 200 stores and that plan will kick in later in 2020 they owe bye, bye baby and most of the stores it will be closing are its flag ship bed bath and beyond locations the company like many others declining to give any guidance for 2020 due to the on going pandemic and clearly, were in that changing consumer environment impacting Retail Businesses<\/a> of all shapes and sizes, melissa back to you. Kate rogers, tim, what do you think of the stock i think the stock had secular issues going into covid19 its great that the e Commerce Trends<\/a> are what they are but really this is a store crushed by mall traffic and your general brick and mortar shoppers and this is a case where if we dont have some of these back to school trends, if we dont have some of at least the business that weve been counting on as we get into the holiday season, this is not one. This is also one that had an enormous bounce off the bottom this move, this update is not a shock and the stock is one i think that will continue to language. Coming up, were taking more questions all hour has the rally on zoom zoomed by . Well bring a little would you rather to total request fast money. Well get thoughts on the retail space but first, the hottest stocks of the s p 500. Voteamght be on your list of fari nes back right after this. Hey lily from at t here. With some helpful tips. Tip 1 you can currently get the amazing iphone 11 for halfoff on at t, americas Fastest Network<\/a> for iphones. Second tip you can put googly eyes on your stuff to keep yourself company. Uh for example, thats heraldo. Hes my best friend. Oh, sorry nancy, i forgot you were there. Get the amazing iphone 11 for halfoff on at t, americas Fastest Network<\/a> for iphones. Save without even leaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, you only have to pay for the data you need, starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. Welcome back to this special edition of total money fast edition. Lets get a question on a hot work from home stock. Hello cnbc this is pete in florida calling ask and asking u zoom video is it too late to get in on zoom video . If not, what is a good entry point for zoom video thanks, pete for you question guy, what do you say about zoom . Thanks, pete, for tuning in listen, we were very bullish on zoom for a long time and i thought after they reported, got to be a month, month and a half ago i thought it was a good chance people would sell off the earnings and there is a trades back to 175. I think youre chasing now i think now you just got to wait have you missed it yeah probably missed the lions share of the move and i would try to be patient here. How about Microsoft Teams<\/a> isnt that a huge challenger here they just rolled out this new feature. This together mode that displays people in a. I. Generated settings like stadium style so a bunch of people look like they are in a stadium or concert hall or Something Like<\/a> that, tim. Look, there is no way microsoft is going to lose this market share and the ability to have the full package of Enterprise Software<\/a> means that microsoft cant compete. What they are going to charge people for or not up miltultima where they push zoom around. The competitive landscape, facebook has an offering this is a crowded space. It will become more crowded. Good for zoom for getting out there. They changed the way america went through covid19 or has been i guess its still present tense. Its very interesting those june 3rd numbers came out the expectations were high and really blew it out of the park they were better than expected not surprising to have the stock pulled back but as the street was able to regroup, you saw upgrades from there. Im with guy i think the valuation is very difficult in this competitive landscape. Guy, you have been raising your hand patiently. Your question . I used to go to school, as well when we were in class we needed to raise our hands patiently im happy you called on me im disappointed you didnt make menace of this on cnbcs fast money. There is a lovely candle over my shoulder. I noticed it from getgo. Is it jasmine scent or cgardinia this is a henry bandel no longer in business, gardina. I guessed that. How am i in your head . Thats insane. Creepy. Insane. Back to zoom sorry about that, folks why are we talking about this guy digresses dan nathan a lot. So i think my panel has it correct here the stock is up almost 100 from the june numbers the stock quickly sold off in may when they reported earnings. The stock was up over 100 from the recent lows. Its trading 40 times this years expected sales, 32 times next year. That q 1 earnings or sales that they reported was up 170 year over year. It was up about 75 sfrom the q 4. The guidance for revenues is up 50 sequentially that could prove probably conservative especially if we have a lot of schools not going back in full force if the openings are not working particularly well. The question is how much demand have they pulled forward and how are they able to get a bunch of free users to pay on a monthly basis . So i suspect at some point when you see some deceleration in the year over year numbers, youre going to have this stock come back a bit and youre going to have an opportunity to buy it. These guys made a great point. Everyone is competing with them. It cisco and microsoft and google its facebook. These are, you know, companies with huge, huge modes but this first mover advantage, they have a better product it well run. This is a company you want to own. I just cant justify it at this valuation. All right we got our next question on a big social stock. Hey, there, fast money team this is Taylor Kennedy<\/a> im a 33yearold investor from jacksonville, florida. Shoutout to guy for keeping it real on eating habits. I want to know how the team feels about twitter going into this years election cycle. Keeping it real about his eating habits. That the a nice way to put it. Eating habits. Election certainly a story line for twitter but the stock is moving today on rumors of the subscription platform. Guy, ill go to you on this since youre being honest about eating habits. We mentioned my 23 mcelderry d mcdonalds cheeseburgers many years as we walked up to the drive in window in new york city and you corrected me, of course which is your want to do i keep it real and i mention the aftermath of that wasnt pleasant again, im honest to a fault and ill be honest about twitter kudos to dan nathan of risk reversal who power pitched this stock a week and a half or so ago and weve been bullish on this for quite sometime. So far so since President Trump<\/a> railed against them back in may. I think this stock is going to the february high, which was 39 and thanks for playing our home game t. K. Yeah, you know, that was a great move, you know, on not particularly solid information, which just tells you that the sentiment was very poor in the name it been a big lagger i think there is only like 7 analysts who rate the stock a buy. One of the reasons i pitched it more than a week ago on a relative valuation basis to snapchat, it just looks cheap and you think of the scarcity of social properties that have the level of importance that twitter has and you say to yourself, its just too cheap. So im in guys camp i see a lot of catalyst including the election but if pro sports are able to come back in a meaningful way, that should be good for engagement so to me, listen, if it gets back up towards the high 30s, 40 prior to earnings, you take profit here. Tim joker, joker and a triple i got to jump in here and stack the deck i think what twitter has been doing with their average revenue per user, those trends are strong relative to where they are coming from. Their ad growth very strong. The ability of ad targeting and some of the complexity of that new science where they are actually going to be able to derive higher ad revenues, i think the story for twitter is ahead of it. The value in this platform, we all recognize these guys are talking a little bit about trading levels that the fair. Twitter has given you multiple opportunities to trade 38, 39 level and a stock that was over done to the downside todays news was not necessarily defined in terms of how this Subscription Service<\/a> would work and therefore i think you have to be careful about chasing it. Guy is raising his hand again and i feel like i just want to ignore him this time around. Yeah, always call on everybody. Go ahead. That happens a lot to me. No, you know, tim said joker, joker and triple i just want to mention for our younger audience our ma leillen, joker, joker and triple. Thank you, the more you know. Speaking of twitter. Let take a tweet stock enthusiasts. There is considerable down side risk in apple at these levels. Your thoughts . Tim, lets go to you on that. Boy, you know, ive been neutral and have taken and it makes sense. Very challenging very relative to apples 23, 24 times forward a lot of good news on 5 g pulled price forward. We dont know what the refresh is going to do we know the Services Business<\/a> is well bid this is a beneficiariry of a huge liquidity burst i dont think the stock has to get away from you on the upside. If youre not in the name, youll get a better shot to get in. Guy jim usually occupies his time slot has correctly said this is the stock you own, dont trade if you go back and look twice over the last two years, youve had monster moves to the downside 220 to 140 and recently you had that move from an alltime high of 325 to 240. Basically in a Straight Line<\/a> i thought for awhile now its gone back to 325 there is a very good chance it gets there that was the previous alltime high im with your camp stock enthusiasts. Dan nathan. Yeah, i mean, listen, you know, on a day like today when the market turns and this powers ahead up 2 closing at an alltime high, it feels like there is this panic buying the same thing happened in amazon and microsoft it just seems really odd to me its dangerous because these are not small companies. They were not talking about some 10 billion market cap with some new wiz bang cool work from home app or some social app or Something Like<\/a> that. This is a 1. 6 trillion Market Cap Company<\/a> that has not materially grown the sales in units for like three years of their key products and tim mentioned, you know, services. Service is growing in the teens the thats off a good base here. Thats obviously decelerated again, they have pulled in a lot of demand for what might be a 5 g phone. Im not sure it comes in any meaningful numbers this year so that could just be the sentiment trade if that gets pushed out to guys point, 325 was the breakout level from the prior high you know, if youre dying to get back in, i suspect youll get a pull back sooner or later. Coming up, draft kings having a strong start is it time to double down or take it off the table . To the answers youre getting to keep your questions coming well be answering them throughout this hour and the rest of e ek ba itw ckn o. Thwe you cant predict the future. But a resilient business can be ready for it. A Digital Foundation<\/a> from vmware helps you redefine whats possible. Now. From the hospital shifting to remote patient care in just 48 hours. To the university moving hundreds of apps quickly to the cloud. Or the City Government<\/a> Going Digital<\/a> to keep Critical Services<\/a> running. You are creating the future on the fly. And we are helping you do it. Vmware. Realize whats possible. Welcome back to a special edition of fast money. A stock riding on a return to sports this is justin calling in ill be a junior this upcoming fall and i want to start off by saying thank you guys for having me on today. Im calling to see shortterm and longterm outlooks the short term initial pop after the offering so 20 to 25 sell off, with sports trending up being a level of uncertainty regarding the nfl and at lhletic seasons, imcurious where you think the share price of draft kings will head understanding these will be live revenue strea streams. Very detailed smart man. What is your quick take on draft kings . There is a lot riding on it thats not why youre buying the stock. Youre buying the stock because the trend on gaming and Interactive Gaming<\/a> and nonconventional gambling is really what this is all about. This is just the beginning and i think ultimately, at some point draft kings is also the kind of a name that could be part of a bigger media story interactivity with viewership but right now a lot of the momentum here is the concept of sports coming back into play and then a bunch of analysts that had to initiate on the momentum. Not chasing it here but like the trend and do think that draft kings is one of only a hand full of plays that give you exposure to a very exciting part of the online market. Lets dig deeper into draft kings. Michael graham, michael, great to have you with us. We covered this stock. Tell me, michael, if i believe sports may not come back in the fall the way we know sports, why should you be in draft kings youve got a buy on the stock . Yeah, thanks for having me. Its a great question. You know, we like the stock because over the long term we agree with some of the previous comments you got a market of viewers of sports in the u. S. That also like to bet on sports and they just havent had a legal and easy convenient way to do so historically that the changing in the country now with the wave of legalization efforts across the u. S. There are nine states where mobile sports Online Sports<\/a> betting is completely legal and another nine or ten where its really close to happening in someway, shape or form and we think in several years youre going to have twothirds of the Country Living<\/a> in states where Online Sports<\/a> betting is legalized and as that happens, we think there will be a lot of engagement and usage americans love to bet on sports and watch sports that the the under pinning of the positive stance on the stock. When you dial that back to the short term, you definitely have some sentiment riding on, you know, if and how the sports calendar comes back. Obviously, the most important one here is the nfl. You know, draft kings and the markets that its fueling can survive really well with no spectators, right . If these sports come back without spectators, thats just fine the nfl is the biggest, you know, sport in betting and its going to be very important as we get into q 4 and a little bit into q 1 with the super bowl now we got in this interim period, baseball and basketball. Youve got a lot of golf events coming back. So, you know, there definitely is esentiment riding on it and certainly not a certain thing but looking fairly positive now. If the nfl doesnt come back, does that change your buy rating on this stock . Im wondering because we see a lot of these College Teams<\/a> try to go and engage and these voluntarily workouts, the players get back to campus and all have covid tests and test negative and 14 days later, the voluntarily workouts are halted because so many teammates have caught ovid by being back on campus. Yeah. To answer your question directly, no, it wouldnt change our buy rating because we take a oneyear view and we do think, you know, in general that there are certainly serious head winds and challenges to getting these sports competitions underway a year from now, its very likely to not be, you know, as bad as it is now we definitely think that we will get through this and draft kings business will get through this if we do get, you know, something dramatic like the nfl season getting cancelhancancell postponed or curtailed, i think you would likely get a better entry point into the stock at that point because there is going to be sentiment riding on it one of the comments earlier is important to keep in mind, if you want to invest in this theme, you dont really have that many options. Some of the other options are tied up in Larger Companies<\/a> with different businesses that maybe arent as fast growing and we like, you know, draft kings strategy the fact that we think the company is in a good position to be a digital disruptor to build products quickly and iterate on them i do we do see a lot of investors interested in the space and stock. I think if there was weakness on the sports calendar, i think it would probably be short lived. Thats a great run down of what is going on in draft kings. My question is are there natural suitors out there for draft kings, casinos, disney, any number of the social Media Companies<\/a> . Does that come into thinking in terms of valuation for the stock. I do think there is plenty of potential for draft kings to be a target for some bigger companies. One of the things that you mentioned a few minutes ago, when you look at what happened on twitter when they had the nfl for a little while and saw engagement just going through the roof there, the younger generations like to watch sports but they like to watch them with a mobile device in their hands and, you know, engaging with the content which can includ betting on that competition. So there are really good tie ins here for big Media Companies<\/a> looking to and gain new viewers and constituents so yeah, over time, you know, draft kings could be a Company Executing<\/a> well independently for alittle while and needs to be independent because this is going to be one of those areas where to win, its going to require Big Investments<\/a> and, you know, draft kings has sort of the permission from Investor Base<\/a> right now to make those investments and so i think being independent will help the company, you know, do that. Michael, great to speak with you. Thank you. Thank you. Dan, this feeds right into your thesis on twitter in terms of engagement. Yeah, i think he made a great point about that Second Screen<\/a> i think that back in the day when those thursday night games were on twitter, people didnt know what to do when watching the game on twitter and using that Second Screen<\/a> to do other things thats a great point listen, i think, you know, this story is obviously not too different than what we were talking about in the last hour with penn. What penn did was interesting. That stake they took in bar stools they got done tecontent. They have a very engaged user base and put it together and building something bigger and ultimately there will be an acquirer of that combination of content generation and the ability to kind of bet on the games. Ill make one last point about draft kings. This is a very well run company and, you know, they see the ad dressble mar market in tens of billions of dollars and you think of the short fall, there is going to be legalized Sports Betting<\/a> all over the place so to me, if there were a pause in the nba or mlb or nfl and i suspect there will and this stock gets hilt sot some where h 20s or so, i expect it to be bought up. Same for penn for the coming weeks or months. The legalized gambling thing, we heard this before, guy, you have to tell vince, flip to shh. Thats your dogs thats flip they are upset i thought it was flip. Its flip flip, come on, man. Tim. Sorry. We heard these arguments when it come to pot and there is a certain amount of market that may never go the legalized route buzz th because they have their own ways of placing bets. Yeah, look, well have legalized gambling across the country. I think well have legalized cannabis across the country. I think there is no stopping it. I think Public Perception<\/a> and trends are telling you that the public wants it. Draft kings has built a brand. Like, they have been out there for years telling you what they do and i think if someone wants to bet on sports, they havent done this before, they are going to draft kings its a question of what you want to pay for them. This is a very big space they have competition. There are folks that will encroach upon them but they are out front and built a brand and thats important this is not about this fall. This is about the next five to ten years. Coming up, youve got more questions. Weve got more answers up next, counting down to disneyworlds big day. How do you trade the stock ahead of the grand reopening werba itw e ckn o. Welcome back to this special edition of fast money up next a question on retail. My name is steve from maryland which company is better investing for the long term . Walmart or target. Walmart came out with the plus and target stayed the same for a week which company do you suggest i invest in. Steve from maryland, would you rather in the video question to us. Nice going, steve from maryland. Guy . Dont you love the viewers playing at home . It fantastic its wonderful long term walmart you play without question not that im a huge fan of walmart plus or what is going on that the a game changer. I think dan and tim would agree. On valuation, i think target is still in the more compelling stories. So if youre talking about five to ten years, i think walmart if you think over the next five to ten weeks, target. Dan i dont think you have to do what you do. I like the walmart plus when you think about the whole goal is sameday delivery for groceries and the idea is to get other things grocery in your chart, i suspect from what we know about amazon prime, walmart will be successful you think walmart has 550 billion in annual sales, 30 e commerce, this is only going to get bigger i see this as a tremendous opportunity for walmart over the next few years. So you like both. Tim, would you rather . Are you going to answer your own question i follow the rules. Walmart was my final trade last night. I like the story i think you have to have a would you rather because you have a case walmart can beat up target and costco and target on price this is what they have always done to me, this is a very important moment for walmart who had already made a pretty strong move to e commerce it interesting when they started out with flip cart and that move and jet, those didnt seem like they were doing anything but ultimately, they got their mojo here and this is a very important story. The multiple you can put on walmart as some type of e commerce play, whatever you want to do and whenever blended multiple you want, it should be higher than 24 times and thats really the story here. Ive not been full scale bullish on walmart in fact, i probably said six weeks ago they pulled forward a lot of sales they are the biggest retailer in the world. If the consumer is in trouble, why chase them relative to their peers, i want to own walmart they will continue to take market share and this was an important day. Coming up, Retail Investors<\/a> have been hot on the stocks as of late but is the action in the space just smoke and mirrors or is the flame rekindled well break that down and answer questioning on a stock that tooud add a little magic back in yr portfolio. Were back after this. Experience the adventure of a bigger world in a highly capable lexus suv at the golden opportunity sales event. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. I know that every 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<\/a> from an annuity as part of your retirement plan. This can help you cover your essential monthly expenses. Learn more at protectedincome. Org. Welcome back to this special bonus hour of fast money. Stocks sparked a lot of interest from day traders cannabis is a tenth most widely held stock according to robin track. So tim, whats your take on the stock . Aurora is probably one of the best they came out of the gates early, part of the reason the big Canadian Companies<\/a> were ahead because they could be traded herement aurora is one they love to trade over and been a terrible stock to own so when i think about owning cannabis, the u. S. Market is exciting and gti and crestco labs are doing a lot in markets now. They are profitable now. The canadian opportunity is still very much there. I think canape growth has turn that story around but the exciting thing is going to be when Cannabis Companies<\/a> have two q numbers in august and they are showing serious growth not just relative to the times, this is working. You dont need federal to happen cannabis was deemed essential. Consumption is up. Aurora is a company that the been in transition they have done a great job of starting to reel in the Balance Sheet<\/a> but i think there are still issues on inpampairment charges. When that relief a deal was announced on the show in the after hours, i said im not that impressed. That the not a game changer because i dont think the cbd business is a game changer and the stock is down 20 . It not about i told you so it about i think look for the companies with the big Addressable Market<\/a> and those that are executing now. Coming up, it is a whole new world for one of the biggest entertainment companies. Many r questi more questions ahead and look at the nasdaq 100 stocks. The buck of the trend and the nasdaq climbs to new highs this special edition of fast money is back in two. Welcome back to fast money. One major player sticking to the plans, here is the next question. Hey, guys, andrew here from florida. Quick question on disney with the theme parks reopening and sports coming back, will it be a good time to buy for a second half player or hold off and see how this reopening goes . Look forward to your opinion on the matter and appreciate your time. All right disney guy oh, and today guy was a very important day for you because you found out that one of your favorite rides is no longer in existence. What do you mean by that . The wild ride. Oh, no. I think i dont believe thats true. Thats my favorite ride, my second favorite ride is the hall of president s. Hall of president s. And the tree house thing. So good. Disney is not cheap here. Disney is trading north of 35 times next years numbers. Youre probably right. A great call on this name initiated or reiterated 123 price target the stock has come up. If you look to get in here, you buy a third of your position and bait f wait for earnings. I dont see a reason to plow in given the environment were in ahead of the earnings season. Tim, what do you say . You know, im not owning disney lets get back to the trader versus investor. Im an investor in disney and four different Business Units<\/a> and the disney fly wheel that is the studio and parks and Consumer Experiences<\/a> and cpg, consumer products. We recognize i dont think the opening is going to be something thats going to be a Straight Line<\/a>. In fact, i think it could be very painful but ultimately, the valuation here is at a place where you can own disney for a couple years. What is probably the Biggest Issue<\/a> for disney investors right now is that if you think about that last round of earnings, actually looked at the Balance Sheet<\/a>. They cut the dividend. This is stuff you didnt think youd ever see with a company like this and they have been very prudent im an investor in disney and stay the course and i would own it here. You know, tim makes a really good point about the Balance Sheet<\/a>. They spent 2019 transform thing company. They bought the assets building up disney plus obviously, investors rewarded them but all of a sudden, they have a massive debt load right and had this black swan event. I agree with him i think the reopening of the parks definitely here in the u. S. Will be spotty and the question is, how much how long can they operate at not 100 capacity . They wont be there for years. I agree. I like the story if youre a longterm investor they spent five years between 120 and 90 to the downside that broke out in 2019 when they launched the disney plus or at least they rolled it out youre going to get a chance probably to buy it a little better on some bad news over the course of the summer but this is obviously a great company, a great premium product. It will trade at a premium valuation but to guys point here that valuation is a bit hefty. You have to take a longterm view here. Well take one last question from twitter our viewer courtney is a big fan. Thank you she says and asks what do you think of tencent and alibaba . Im long on those stocks. Ive been long for many years. The breakout in both of them this year, tencent broke out early in the year. Alltime highs, the fiveyear chart looks fantastic but enough about the charts you had had a dynamic withquidi driver the valuation is attractive relative to mega cap tech and where you can have market dominance on e commerce and cloud. Some of the same in amazon not too late to get into both of those plays. Alibaba is a better valuation. Thanks, guys. Thanks, flip, for being part of the show. Guy, dan, tim, fast money traders. Continue to send the questions because were back in the same slot tomorrow. Yeah, another supersized show. Dont go anywhere, by the way. Stay tuned because shark tank is up next were going through a really tough time right now, all around the world. And covid19 is still impacting so many people. If youve survived it, then youre the heroes we need. The plasma thats in your blood can literally save lives. But we have to act fast. So please donate. You fought for your life. Now, lets Work Together<\/a> to take down covid19 to donate plasma go to thefightisinus. Org in a highlyconnected lexus vehicle at the golden opportunity sales event. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Narrator its been 10 years since shark tank ignited americas entrepreneurial spirit, and we are still blazing a trail. For those who take their fate into their own hands by working hard. Imagine i told you i had a magic trick to get your kids to enjoy eating their veggies. Narrator . By working smart. Theyre made with our revolutionary technology. Ooh. Narrator . By thinking big. We put everything we had into this. And chasing their dreams. We had an opportunity, we took it, were here. And tonight, nba legend and sports broadcaster Charles Barkley<\/a> returns to the tank. You know how much i charge for an endorsement . Youre getting this thing cheap. People are going crazy over this. Do not miss the chance to get in. This things gonna make a lot of money. Charles, get in here oh, my goodness. Captions by vitac","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia903201.us.archive.org\/19\/items\/CNBC_20200708_210000_Fast_Money\/CNBC_20200708_210000_Fast_Money.thumbs\/CNBC_20200708_210000_Fast_Money_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}