Teams love them. Advertisers may be running in a different direction. Well explain. First you start off with a developing story, for more mixed signals from the white house about the plan to fund the tax cut the administration promise ltd. Ermon. Reporter earlier in the afternoon, among the things the white house was considering, a vat tax. Value added tax and a carbon tax among republicans and conservatives up on capitol hill. We offered the white house the opportunity to knock down that reporting, say that wasnt so. They did not do that. They said everything was under consideration. Its early in the process, they werent ruling anything in or out. Theyre considering those ideas. That was the line earlier in the day, within the past hour, though, we got a new statement from the white house, they apparently are willing to knock down the 80 of the vat tax any time soon. As we have said many times, the president s team is hearing input from experts on all sides of the tax debate as we formulate what will ultimately be the president s plan to enact. Heres the important part of the statement, the first significant tax reform since 1986. As of now, neither a carbon tax nor a vat are under consideration they are saying for the moment neither of those deals is under consideration here at the white house, when we broke that piece of information on the air, kelly evans was talking to the house ways and means committee, she asked him, his reaction to that heres what he said. I think at the end of the day, look, i dont want to speak for this president. But hes repeatedly said he wants to equalize taxes between made in america products and imported products coming in. They think its with modifications can achieve that. So kevin brady there, apparently thinking this is a good thing for his border adjustment tax. Somehow, melissa, they need to raise some revenue here. They want to cut taxes drakally t. Idea is theyve got to have some kind of mechanism to generate revenue t. Border adjustment does that, the vat would have done that the carbon emix taxes would have done that. Somewhere in there they need some way to raise revenue, its not clear where they will land. Especially if its about revenue neutrality. Its almost so confusing to hear that a vat tax is on the table than is off the table. It almost gets to the notion that nobody knows where anybody really stands. Welt, theres a couple possibilities, one is this was a trial balloon, which sometimes happens in washington. It got very quickly shot down. The other is this was sending us a coded message up on xi, they dont like that carbon tax, they were not with the president , necessarily, on the obama repeople and replace. This could have been a message to them, politically, saying, hey if you wont be with us, maybe we need to build a coalition here in washington. Theres other ways to do it tan talking to conservatives. That could have been a part of the mix as well. No real guidance from the white house, though, they say simply as of now. Well the administrations border tax plans would impact the most retailers which look as if they are facing an apocalypse. They would cut jobs. Check out the carnage, j. C. Wen wenwhe pennies down, all this when amazon is on a tear, hitting a record high for the tenth time this year. So this the end of retheyll as we know it . Grasso, what do you think . I think you have major headwinds, you have a secular shift going online versus brick and mortar. You also have the vat tax, and now the carbon tax story, so to your point, it is very confusing, but you need to push off the cable vat, vat, and the carbon for all these stocks to run again. I think you need to clear the air. If vat tax is there. These retail names will never run. If its on the table, they are screened across the board. Do they have a shot . If they fight the additional changes, they have no additional sector. They have a shot. Some have a show. Actually, i look at certain names, for example, i own nordstroms. I like them because of the fact they jumped on ecommerce very early, its projected to be 27 by 2021. There is all kind of news out there. I like the fact that at least they are in there competing with. We know who the big monster is, amazon. We had another raise of their price target. Every day it seems like somebody jumps on that price regions. The money they are putting in to grow, its unbelievable. Its a very, very difficult hill to climb for those being behind, not staying up with the world. What do you do with the fact this is not a department store. Competition, so in department stores, theres too much competition. In walmart and target and costco, there is too much competition, especially in the discount stores, those guys are destroying dollar is general. So when it gets back to really whats going on for a lot of these companies, i think there is too much competition and there is too much Storage Space chasing not enough consumer demand t. Opposite is whats going on in Home Improvement. In home depot and loe lowes, the correlation to Home Improvement stores and the fact that there is not a lot opening up, thats where you want to stay. Take a breath. All right. You be quiet. Consumer demand, which i think is a get away from the secular trends, think about whats going on in apparel. Look at ath leisure, now its going back, lulu, big disaster, new lows today, for two months, the under armour has not been able to get out of its way, we see a lot of stuff out there. That has very little to do with amazon, they produce products theyre supposed to buy if they like them or they have something to spend. Retailers, you would invest, you nike nordstroms, how about you . The stock actss well, i like best buy, due to sears having so much trouble to the department stores, as tim said, there are too Many Department store, appliances are more like a Consumer Electronics store. Theyve thrown out best buy. I think you will see in the next couple of months, people reaching. Thats a concern. Now to come back around. Eastern only sand backed off with competing with best buy on a number of different issues, when you look at best buy headtohead with amazon. I think sears is the direct issue. People sister to go and buy an appliance. I think they buy it from best buy. Its a consumer electronic spot now. You have the phones. Best buy to me is kind of like gm. Its very cheap still. Unlike gm. Its had a huge run, getting it near the top of a peak. If anyone deserves a boertd adjustment, its these guys. Border adjustment tax. Thats what i said at the opening of the snow, that happens, all of these retailers. Its amazing how well theyve competed against the onlysons in the world. This is a name when they said they are dead, they have come back to life. How can they have borders . Exactly right. Its why in this environment we are in right now, you look to the management. If they like it. They can execute. They can compete in this world we are in. Which is online, its less foot traffic. More a online, all the competition. The xrts have been pretty consistent for most of this year. This is the worst chart on the planet. Its a massive head and shoulders stock. 40 is that nextline, when you look at all the components and how poorly they act. Im naming another one, costco had a disappointing report a month ago. It stayed down, this thing, when it breaks 40 costco shares what im talking about is you have a stop. They had all time highs. They had a big gap on big volume. It stayed down, that gap, its pretty disappointing, though. As the retail wages on, are there bright spots left in this space, does rich ross, its a regular brandnew frisked out plasma. Three names he says are still worth a buy. Reporter hi, we know the issues with retail is long and distinguished. But were going to give you a few price spots, a couple ways to play a more abundant space. You see the benchmarks, etm. We take the elevator up and the escalator down, up 15, down 15. We havent been above the 50day moving average since late last year. So thats an issue, but we go from Something Borrowed on the short side to something blue. Tiffanys, now, this was supposed to be one of the big losers in terms of the trump trade, for those that done dont live in manhattan, it shares an entrance with trump tower where melania lives. Nobody was going to shop in different mys. They are doing a lot of buying, its up 20 yeartodate. Up 70 from the lows and then it would be nice if we went right to lowes, but were not. Were going to best buy. Thats where we got this great new smartboard. We got the stock as a sale fundamentally at my firm. You cant quibble with the chart for the time being. Yes, you are into resistance, that big round number at 50. You have a well defined trading range, clearly on a break above this range, it would set the stage t. Chart on a break above resistance becomes a buy. Finally, heres that lowes, you can see a textbook setup from the long side. We know home has been where the chart is this year. Can you see really this textbook island reversal, importantly, we get that gop up and boom. You see that big base of support. You should break out to the upside. Provides measured upside target of 91 on lowes. Is there is a couple names you can mix it up with, admittedly, very challenging retail landscape. I think you did a find fine job. Ewanted fancier graphics. They have to kind of stay with the fancy new board. Rich ross, come on over. Hes going to bring in the chair, its flawless, like you had one in your living room you have been practicing for days. Would you say the xrt chart is the worst chart in the whole world . Thats a stretch. Even though we have the s p, record high, markets around the world pushing out to fresh new highs. To your point, you mentioned that multiyear head and shoulders that formed ominously over the xrt. Keep in mind, this is against the backdrop, 0 interest. Free money. Clearly, we seen amazon a big part of that. To your point, below a multiyear topic, against that bullish backdrop. Rich, its a pushback on your best buy. I can think of why multipal expansion, product upgrade sierk i cycles. Virtual reality. There is a lot of wind at the back of best pie, especially if they dont have a back tax org nieced with republicans. Organized with republicans. To me it looks double copy. It doesnt look like resistance, it looks like double copy if i had to gauge it on a technical. Its very binary. With you, i think you give 80 riskreward ratio. It seems 5050. In this type of market, i have been giving the trendss the benefit of the doubt. Im a trend follower, not a fighter. If you had a reason fundamentally to be a fighter, this well defined area of resistance, this double top you say is an area at which i would be a fighter if i did not like this story on this stock. Thank you, rich rocks evercore. Fine job, a lot of colors and the hours, unbelievable. Coming up, nvidia, is this your best chance to buy the one pipeline stock or is it a no touch . Plus, google and amazon are lit for those over the age of 40. That means cool by a new report by google. While teams are searching, advertisers are having second thoughts. Well explain. President trump is gearing up for the president of china this week, what will be on the table and will trump come out on top . We got the details. Much more fast money still ahead. That stopandpop what do you think . My tradeoff analytics indicate no one creates more space on offense. This allows him to nail a jumper from a densely populated urban area. What youre trying to say is. From way downtown . I am still learning. I can see that. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Welcome back. Airline stocks taking a hit, check out the axl. The culprit, American Airlines down more than 12 . Spirit down 11 . Jet blue down 8 , delta down 8 . With an improving xi and low gas prices, where is airline nirvana, tim . Well, its gone the way many of grunge music fan, nobody cares anymore. I think its the capacity the efficiency of the airlines. Its not about oil price, cheap oil prices dont make high Airline Stocks or multiples. Teets are companies that have increased their earnings power dramatically over the last couple years. You see the trend and the multiple expansions have come when they have shown capacity discipline. What we seen year over year for capacity in the first quarter, thats measured by passenger revenue. We talk about it. You probably dont care. It matters, these numbers have been coming through poorly for delta and united and american. You have been in the airlines a long time . Absolutely. I got the pullback, unfortunately, there was a huge call buying in there. You are always waiting for the opportunity on a pullback. It took off nicely, it was much higher, dropped about 8 or 10 . The opportunity is there once again for readdressing the 50 level. You think things are Getting Better for delta . I think its been overplayed, the idea that the capacity issues. I think thats overplayed. We all know they expanded them somewhat. Given the fall we have seen, the money they are making the cash. Every quarter. So the airlines are great. Theyre not being rewarded. You have one thats kept its head above the water. Sells sixandahalf percent yeartodate. The chart looks like its rolling over to me, delta and spirit, those charts are very similar, so if you are banking on a recovery, you might want to play it for delta and spirit, if you are basking on the one thats able to keep it going southwest. Sticking with oil crude, its at a onemonth high, dan is taking a look at one name in particular. Dan will make his way over. Its real early. Are you nervous . We all get tesoro. You know what that translates in spanish . Dont touch me. Its down 6. 5 on the year. There was a massive trade for me, massive relative to this open interest when it was trading at 80. 15, there was a lot on the may puts to open. That trade is seven times average daily volume. This thing breaks even with 76, 80, thats down 5 . Protection, maybe an outright bearish bet the company is expected to report q1 earnings in may. This is a protection on an event like that. We are talking xrt. This would be the neckline here, one of the reasons i think that choice of strikes in sma interesting. It appears to be a technical level. Look at that uptrend the stock has been below it. Its at a critical spot here. So at the end of the day, these are fat options, paying 1. 5 of a put that expires in a monthandahalf or so. You have a scenario that is an identifiable event. Crude is volatile. To me, a tough way to chase it. I think that worth noting, this is a big trade in a stock that doesnt see a whole heck of a lot of options. Does this feel more, eto, because of the chart you got up there, more protective in nature, because of the fact as you lay that chart down there, it looks like its sitting where its able to bounce many, many times before. Or do you think its direction am . Listen, pete, i know you track this well, its impossible to know what a traders intent, to me what struck out is that this trade is about 10 of the open interests in the stocks, so i suspect it is protective in nature. That being said, you know this being long premium. Those sorts of fat premiums, if you protect a long stock position, that can be a big drag on performance, the stock does nothing unless you hold on it to between now and may expiration, so to me, maybe its something getting real bearish. They also did a fine job. Friday 5 30 p. M. Eastern time. Still ahead jamie diamomon. We will hear what he has to say, first in Business World wide, in the meantime, heres what else is coming up on fast. 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And why a Pro Football Team chose us to deliver fiberenabled broadband to more than 65,000 fans. And why a leading car brand counts on us to keep their Dealer Network streamlined and nimble. Businesses count on communication, and communication counts on centurylink. Various shouting heigh ho its off to work we go woman on the gulf coast, new exxonmobil projects are expected to create over 45,000 jobs. And each job created by the Energy Industry supports two others in the community. Altogether, the industry supports over 9 million jobs nationwide. These are jobs that natural gas is helping make happen, all while reducing americas emissions. Energy lives here. Welcome back to fast money. Shares of nvidia sifrging 7 after getting an underrated rating. The demand is about to go from bad to worse. Specifically talking desktop gpus. Ut been a volatile run, stock is down 5 after seeing a gain for more than 200 in 2016. So should investors stay clear or buy this dip, dan . I dont think there is any reason to buy, you have a big gap down for fundamental am reasons that have previously not been identified. I think before when this stock has been downgraded, its been on valuation. So i think you probably see this thing. It just broke that 100 day moving average. Another pont i saw, which is a fundamentalal headline, you saw the news that apple is going to be creating their own gpus for Desktop Computers and devices to be named. So at the end of the day, there will be competition in this sector. Look at the gains they have had for a lot of the same reasons that nvidia had such a tear. To me i dont think you touch it here, maybe 80 bucks. Would you rather . Nvidia or md . Right now, i say md. That stock made a huge move, 7 to 14. 5 . That range. One of the things the analysts talked about is the margin crashers as well. I think they are stealing some. To your point, some of these companies are going within as well. I think