Here it is, word for word, quote, trump says china may or may not keep the trade deal, end quote. That sent stocks into the close. Check out the move on the nasdaq, for instance it was up big for most of the day and the sharp slide in the final moments of trade ditto for the s p 500. So guy adami, is china back in play here . Is this the next big risk factor for the markets . Yes, and before i get into great detail, i have to wish tim seymour, as he power pitches today, a very happy birthday just wanted to get that out. Happy birthday, tim seymour what was that very kind thank you. Yeah. I absolutely think this is a big deal and we started talking about it last week, and not in terms of their trade deal or where theyre going to keep their end of the bargain and in terms of some of the rhetoric coming out of the Trump Administration what im commenting is the rhetoric seems to be getting louder and in no way, shape or form is that market bullish especially given the fact that the markets rallied back 32 in the levels we find ourselves at i think people were not paying much attention and today they started. He also said that he will be able to report on whether china is fulfilling its obligations of phase one of the trade deal in a week or two. He doesnt believe the death toll numbers coming out of china. Tim seymour, there are a lot of crosscurrents here,but in term of tensions with china, they seem to be ramping we had this conversation last night and it is appropriate today, thinking about trade policy in a post covid environment, if you think anything has changed with the administration in terms of how theyre approaching china on trade, nothings changed and thats something that the market is taken off guard on, and maybe they shouldnt be. The agenda between ultimately about controlling and pushing back on the digital, you know, how should we say that we think is happening in china, but the bottom line here is that the market which is very much sentiment based right now and its much how fiscal policy and Monetary Policy have supported markets here and its been as much about sentiment this is not something that the market was really factoring in on a day when we got a horrendous adp number and on friday well be reminded that this economy is not going to recover overnight. So if we had structural and systemic dynamics with trade before all of this even started and were hearing about it again, the market which has been struggling at 28, 2850 to 29 is certainly not going to take off from here. It looked pretty okay on the back of those stupendously adp numbers and we had this risk on looking market, steve grasso up until 3 30, we had Information Technology on the s p 500 as a sector and it managed to end positive for the year we had the nasdaq. It gave up about a percent of its gains on the back of all this we had actual selling in the tlt and it looked like there was some sort of relationship between stocks and bonds that made sense, finally. Yeah. I think the market had one thing to hold on to going into the close and that was the headlines out of trump on the trade war and potentially getting back on the forefront. 99 of this market will trade off of vaccine and off of therapies. I wouldnt make too much over the last half hour to play in the marketplace. I think what you have to connen s concentrate on, Growth Technology company, i get it though, all of these names that have taken us to the finish line or half way up from the lows are all of the technology plays. So what comes with technology . Your dependence on china, qualcomm derives 63 of their revenues from china. Micron about 50 to 60 from china. I get the concern and lets worry about the economy restarting right now tomorrow, if we get a barrage of positive headlines and were going in the right direction with some states restarting their economy, some states getting a handle on it and the death rates and the fatality rates that are sort of stabilizing, i think were not going to think about china it didnt take that much out of the market today i dont foresee it being a huge play in the marketplace and you dont see that much happening after hours on my screen so i wouldnt worry about it. Hey, what did you make of the action you know, mel, i think the honest to god truth is when you look at the markets over the last two or three trading sessions its come down to the final two hour, half hour, 45 minutes and whatever it might be off of one specific new story that people grasp on to. So i think what we saw today, and i wish the president hadnt have gone where he went today because i think we are dealing with to steves point, quite honestly were dealing with enough things right now as it is and i dont know that this would be the timing where id want to bring up the trade war and whether or not the chinese will adhere to it or not and the reality is there are so many better places for us to be focused on right now, but that being said, he did bring it up and when you look at the market reaction, i realize we finished up 200 points and we pulled up in the nasdaq. That kind of a reaction, we cannot get that kind of move where we were down suddenly 500 points and everyone is freaked out. We did get a push to the down side we did pull back, but not any different from the last couple of days so from that perspective it didnt have as big of a negative effect as we might first would have thought given what was really said by the president. I think thats a fair point i mean, if this comment was meant as some sort of a trial balloon to the notion that the u. S. May, in fact, cancel something that had been negotiated in good faith with china, we took it pretty well, guy. At the same time if we back up and our muscle memory, during the worst of it, you think of december 2018 and that was not a fun time yeah everybodys made extraordinarily valid points the market did take it well. Im not suggesting it didnt what im saying it were underestimating how this rhetoric can go. The trade portion of this is just one aspect and now President Trump has brought forth and this started last week when the administration started floating out the chinese will somehow pay for the coronavirus and there will be reparations and those types of words being used that to me is a little bit frightening. My sense is the chinese will not take that well to it and my sense is President Trump will probably not back off on this rhetoric and i dont see listen, im not suggesting its devastating for the market, but its certainly not bullish for the market in my opinion. I mean, when you add the other ingredient, the potpourri is not pleasant. Lets look at potpourri and i know our viewers dont focus dollar yen and thats a measure of risk and were getting on fouryear lows on dollar yen sorry, euroyen which tells you the European Unions currency is depreciating theres certainly been a lot of talk about how impacted that economy has been the dollar has been strengthening. Treasury yields are a little bit wider today. I, you know, if anything thats probably should have been a sign for equity markets that was bullish, but for the most part we are seeing different parts of the market and its not terribly bullish that the markets been focused only on these megacap Tech Companies and actually the nasdaqs outperformed the s p by almost 1500 basis points this year that, to me, is not bullish. The breadth that we had seen in parts of this market before covid19 that was encouraging coming out of the trade war with the fed as your friend are not things were really seeing here. So risk factors responding to bad potpourri. As we mentioned the tech sector turning positive for the year and the chart master says its about to fizzle out lets get to carter worth with more on this what are you seeing, carter . What we know is just at the peak on feb 19th, big names like ford, exxon, dupont making fiveier lows and here we are after the crash and the ricochet and the structure is just as bad. Tim was just talking about the breadth. I have forrest labs and the first is to put the stats on we know there are 71 stocks in the s p 500. Technology sector, you can see there, 26 weight. In fact, if you put amazon and google back its 30 and there is a history that you get as high as 30 and its typically at or near a peak. Take a look at the second slide. What we do know, of course, its where you start the meter and where your storyline starts. From the peak, march 24th. It was a friday 2000, the dotcom peak and tech is still behind the s p and just on a price percentage change and it is up 88 versus tech and only up 66 and look at the second column and the s p up 178 versus the technologior a technologior only 98 the first chart is the tech sector and you see the selloff and the ricochet it was outperforming on the way down and its outperforming on the way up and its making new, relative highs to the s p. Thats part of the problem we are so dependent on just these handful of names as banks and industrials and other things get worse, and so the final chart is the xlk itself, the etf and i would just for fun ask you individually each of you do you think this goes back and makes a high in 2020 it would take a 10. 5 gain from here to recoup all its losses and make an alltime high. Thats a question, carter if youre ready for an answer im ready. What is it . Oh, i was going to ask you first and then ill go ill give you mine first the answer is no i do not think it will go back to those highs this year and thats based on, but id love to hear what the desk things. Im agnostic. I dont harbor an opinion on where stocks go, but our traders do, of course, and ill go to grasso on this what do you say . So in the xlk specifically, microsoft and apple are 42 . They make up 42 of the xlk. Those are two names that have performed pretty darn well during the whole corona stint, and i think on the Services Side and on the microsoft cloud side, i think that they have the ability to perform even better going forward. So im going to push up against carter i agree with them on the xlf analysis, but i think the xlk can go higher from here so ill take the over. And pete, your thoughts pete i take the over, as well. I look at it, mel, and i see some really productive names that absolutely can continue to produce, and because of that, i do think the xlk can establish some new highs and i think it will broaden out a little bit more the one thing and i sit here listening so far to a lot of the commentary especially coming from carter just now i see so much more of a broad move, mel, than everybody else seems to see i understand that there are five or six stocks powering things and home depot is up 5 and chevron has made an 18 move off of lows and were seeing participation and target is up more than 25 and i see a lot of these various chip stocks and you go through mxpi and amd and you go down the list of chip stocks and kwefsh on, and suddenly you start to see different names that are up, 20, 25, 30 so theres been participation and clearly, its the megacap and they are starting to pick up a little bit. I understand what were talking about here, but the reality is this is broader than just the first major five stocks that are moving this market carter, you got your answer thank you. Carter worth, cornerstone macro. Bye coming up, lyft in overdrive. The company surprised the street with results and what the company said about riders sent stock surging in the after hours. Kes it pead . One bank thinks so, and that trade when fast money returns. Because theyre here working day in, day out at t is here providing support with advanced services for First Responders and connecting temporary hospitals, mobile testing sites and Emergency Management centers because until their job is done it is essential we all have their backs its what weve always done. Its what well always do. So were working 24 7 toected maintain a Reliable Network, to meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. Welcome back to fast money. We have earnings on lyft that is up by half a percent deidre bossa it exceeded expectation and showed the ride sharing firm was on track for a pretty good quarter and of course, the Global Pandemic hit and its business fell off a cliff and that was only seen in the final weeks of the First Quarter so key is what the company has been seeing in april and ceo logan green addressing that off the top of the call. For the month of april ride share rides were down 75 year over year. Ride levels appear to have stabilized seeming to have reached a bottom in the second week of april. We have since seen three consecutive weeks of week on week growth, but clearly, this is from a low absolute ride base and rides last week were still down more than 70 year on year. So rides may have stabilized at a very low level, but the question is will they ever recover enough in a world of social distancing . I want to highlight a few comments from cfo Brian Roberts a fewweeks ago he said lyft is producing its Capital Expenditures by more than 60 if rides remain at those april levels they can keep adjusted ebitda losses to under 360 million excluding restructuring costs and that is, of course, a big if, and lastly, melissa, ruber is reporting tomorrow night and we were extrapolating these results even though its shares were surging on the back of its rivals results and uber operates in many, many more markets around the world and many were hit by the pandemic earlier and it has a significant food Delivery Business which is growing quickly and also losing more money than ride sharing thank you. Deidre, thank you deidre bosa with more on lyft. Tim seymour, how do you think about this sort of trade well, the great irony, of course, is that uber is looking more interesting because of the diversity. It rallied 125 and it was down 25 into this print i think the most important thing is because we know that the april numbers were going to be awful and this is a company and if theres have and have notes, its probably a have not in terms of what happened postcovid and theyre going 30 going interest those numbers and they stayed cash flow neutral on the quarter. So in terms of the burn, people expected a bigger burn number and the fact that they came in more or less in line with 3 billion in cash and thats what makes the stock more insulated in the next three to six months is people know it will be difficult and i dont think people want to jump into this. We are down 75 in terms of ride share and stabilizing thats great, cash burns under control and it is a company that had a huge snapback going bo this and we were questioning what multiple to put on it, so im not chasing this number. Lets go to ventures, genes call. I express tims comment on growth they had a growth in revenue and its what deidre talked about and also they pointed out that there have been in eight city, 30 growth week on week, so really, some impressive bounceback this Management Team is a bunch of assassins and thats the part thats jumped out on the Earnings Call is they have an opportunity they have a platform here and the business is down dramatically and they can be chasing shiny things like uber does and the types of use case like food delivery. Instead, the company is taking this very longterm approach and is sticking with ride sharing in the u. S. Predominantly which is absolutely the right thing for them to do and dont try to replicate what theyre doing and they have said theyre not getting into food delivery another piece is how they are capitalizing on this opportunity and very Strong Language and the essence is theyre cutting costs by 200 million in capex and 200 million in opex and so what that means is about 35 of their 5,000 or so employees have eerpth been let either been let go, and that to me is assassinlike approach to this is to use this as an opportunity to streamline their business i have been a long believer in the future of ride sharing as a service and the importance of that as we move forward and an undeniable truth i have been very concerned going into tonights print about the companys ability to weather this storm this could go on for a year plus, but coming half way through the Earnings Call e melissa ive been really impressed and when you put it all together this is about an 8 billion or 9 billion market cap. It feels for someone who actually can invest over the long term, it seems like a good one to own at the same time, gene, you mentioned the different cuts that they are willing to make. If this does persist or if ride share doesnt snap back because people would rather actually have cars in the post pandemic world because they feel safer going into their environment in a black honda civic. How can this persist in their world. Theyre cash neutral and a couple hundred million, but to answer your question, they can sustain a year and a half, two years of almost no revenue, twothirds of their costs are variable that is an incredible assetlike type of business and they can sustain and wait this out undoubtedly. People are going to exit this and want to feel more safe in a car. People who have leaned more on ride sharing may lean less on that, and i think if you look at this over a fiveyear period, were still moving into a world where people dont want to have ownership. I think that that will still be a truth on the other side of this so its a headwind and it all is in this broader category investors need just to separate themselves with any of the metric, whether its lyft or uber and just look at the cash position and their brand within the marketplace. Gene, thank you. Thank you gene munster of luke ventures that is stunning that they can operate basically not taking anything in for the next year, two years. Steve grasso as the number one germaphobe on this panel, i go to you in terms of how you think about the postpandemic world and the future of rideshare. I think its going to be in stages no ones getting back on mass transit in the first stage of when the economy starts. So i think people might try out or get back to the uber or lyfts and they might migrate and say i dont want to be in the back of a car and maybe ill buy a car, but as far as lyft, lyft has been the laggard so i would expect this one to bounce further than uber, but uber has been the name, the best in breed name and i wouldnt chase this tim said it before, i wouldnt chase lyft at these levels its got to hold the 50 day so roughly around 29 and a nickel, but the recent high has been 35 bucks. You still have to trade up 15 to avoid just a lower high so i would wait here you are sort of in nomans territory. If you want to nibble, make sure it holds 29. If you want to wait, wait until it trades about 35 and holds that level to be a bare of lyft longer term. All right we have a lot more earnings on deck up next, wynn is losing steam and peloton pedals higher and well break down the afterhours action, but first, tim is winding up for the a fast pitch. There you see him. No ball . Whats going on here Companies May have pulled guidance and he will outline why he thinks it could be a home run. Hes got one name and no pitches. Stay with us welcome back to fast money, the coronavirus pandemic reading a cloudy future for almost every business in america. According to wells fargo, 171 publiclyheld companies have pulled guidance this earnings season thats roughly 35 of the s p 500. Tim says one of these names could be a home run investment he is setting up the plate with a fast pitch tim, take it away. Yes, mel, and i miss baseball, but ill fast pitch abbott labs and youre talking about companies that have pulled guidance and this is one of those companies. So ill first talk about what i might be looking for in a company that pulls guidance and then lets talk about why specifically abbott labs, but in the case of abbott labs, here is a company that has total diversity, diversity in their Business Units theyve got four Major Economic kind of footprints and then theyve got Global Diversity and then diversity in the Customer Base with that they have hospitals and consumer, and as you imagine in the pharma company, theres a decent, Free Cash Flow yield and this is roughly debt to equity around 4. 4, 4. 5 times and at a time when youre worried about Balance Sheet, this is a company that has an earnings history of consistency. So when they pull that guidance, with that business model, i have a lot of confidence that this is a company that as an investor you should be taking a medium term outlook on a lot of these companies today. Why abbott in they pulled guidance, but they gave pretty decent commentary on whats going on with their diagnostics business and their devices business which was really probably the one that was most hit, theyre saying, hey, look, we could be vshaped on this, but if you think about the diagnostics business, weve heard a lot about covid and what abbott is doing on testing and some of the core other established businesses including established pharma is a business that is very consistent over the long haul. The Nutrition Business was probably something that was, if anything, there were some pantry stocking and a frontloading effect and that counterbalances some of the things that may might have seen in some of the devices business which was certainly hit. Long term, the valuation on abbott, it trades, you know, at a slight premium to its peer group for a reason and at a time like this, again, low midteens eps with this Balance Sheet and with this diversity, this is a stock you want to own right now. Guy, i dont know youre very astute watcher of this program especially when youre on the program, but i dont know if you notice that there was a trade school within a fast pitch this is like the turducken of fast money segment, one segment inside another segment do you have a question on either part of tims pitch . I do. I do have a question i just want to say what did you call it . A turducken one segment inside another segment that became a fast pitch. Without the more you know the more you know. Without getting into a great deal of my constitution, the turducken would notsey suits me well, and my pushback just to play devils advocate, this is a stock thats gone from 60 to 100 effect life in a Straight Line does that concern you . Holook, this is a company tht trades premium, and again, i look at the core businesses and i look at diagnostics and i look at nutrition these are businesses that should be trading at a premium relative to the peer group. No im not concerned by that. No more questions are you buying tims pitch on abbott labs and normally we have white boards that we hold up and well play it by ear here. Guy, what do you say so look at this look at the creativity, by the way. I just want to show you that do you see that . Can you see it very sweet. [ applause ] the abt nice yes yes. Youre buying. Pete najarian im a buyer as well so ill hold it up what i like so much about it, mel is they are such a Diverse Company with so many acquisitions that have been the right timing of the acquisitions and not overpaying and the only concern i have to guys point is this stock has made an incredible run back up to the upside and its incredible that its higher than it was in january. So that part makes me a pro hencive and i would be patient, but i like the name. Steve grasso . I want to echo that with what pete just said pete and guy just brought up a very strong thing. I say a buy, but its got to hold the 89 level so you dont have to rush in, because not only did it jump 62 off the lows and it came back in about 9 and its made a series of lower highs and just be careful on this one and let it hold the 89 level and buy clean sweep for the birthday boy. The traders have voted so are you buying or selling tims fast pitch on abbott labs you can vote in our poll on cnbc fast money coming up, there are more earnings movers to get to. Well dive into the numbers after the break and well get you to ubers big report and why e options traders is betting on more pain ahead stay tuned we could never do what they do. But what we can do it be a partner that never quits. Verizon is the most Reliable Network in america. Built for interoperability and puts First Responders first, giving their calls priority, 24 7. We do what we do best so they can too. High protein. Low sugar. Tastes great high protein. Low sugar. So good. High protein. Low sugar. Mmm, birthday cake. Pure protein. The best combination to help you stay fit. Welcome back to fast money. We have earnings movers. Paypal, peloton, all reported and lets kick it off with kate rooney in the payment space. Kate hey, melissa, square and paypal feeling the effects of covid19 shutdown especially in march. Paypal which hit a 52week high going into q1 earnings, and a miss on eps, as well which included a loss for credit reserves and revenue also amiss and a total payment volume miss. That was better than wall street expected i spoke to Ceo Dan Schulman who told me april was the best month since that company went public the Digital Transformation that should have taken three to five years he says is happening now in weeks thanks to covid square, meanwhile, pulling q2 and fullyear guidance reported an unexpected loss of 2 cents. Analysts had expected a gain of 13 cents for the quarter adjusted ebitda down 4. 5 year over year and that was adjusted for loan losses and cash growth was a bright spot for square the analyst call just kicking off and Ceo Jack Dorsey giving new stats on the ppp program from square saying they facilitated nearly a billion dollars on loan applications for 45,000 sellers have been approved the average loan size . 12,000. Back to you. Any commentary, kate, on their Loan Portfolio and how much worse this gets as this pandemic drags on . Yeah. That was a big part of the losses, that they were beefing up their credit reserves and it seems like preparing for the worst. We havent heard yet how bad those were and even though they were included in this emergency lending program, it seems like you see from other companies, Small Business lending outside of emergency loans has really taken a hit so we will see if theres a rebound and how it looks for the rest of the year and square is tied to brick and mortar so looking for more comments on that kate, thank you kate roone oy on payments. Pete najarian, obviously, would you rather okay its easy for me, mel. Im going to rather paypal, and i love that name it was a pitch for the show. Its a great name. I think theyve done an unbelievable job in terms of acquisitions over the years, mel, when you can include venmo and all of these other different acquisitions that they made to just fill up every single avenue and the verticals that theyve got in the payment pace is just amazing. Honey is thrown out there for the coupon side of things and there are all kinds of different ways they can make money and im impressed with what they put up with the quarter and this is a stock thats made an incredible run into today and still hanging around i was hoping for a slop, but im impressed by those numbers and i definitely would rather with paypal lets get to wynn resorts and Contessa Brewer has the numbers. A tough win, and macao had a twoweek gaming shutdown in february and it just hasnt recovered in part because visa restrictions are still in place. Las vegas closed down midmarch, wynns burning almost 8 million a day paying all 30,000 of its workers and today it extended its paydays until may 31st when we do reopen in whatever state that is in las vegas and in massachusetts, did i want our team members to have smiles on their face it will be underneath a mask, but it will still radiate through because were in the business of making people happy. I think we need to update our picture of matt maddox there it looks like hes about 12. At any rate, hes put out a plan that is so comprehensive in reopening that other companies and other industries are calling to use it, too in macao, i just talked to him and he says clearly theres pentup demand especially in vip and premium segment which is good because there are fewer of those players and its easier to Institute Social distancing. Seeing that school is back in session and seeing businesses in beijing just gives him hope for a breakthrough very soon in macao, melissa. Contessa brewer with wynn steve grasso, do you like wynn here i do like wynn. Wynn has actually been the outperformer its not down as much as the other ones were, but for me, the best in breed is still Las Vegas Sands because you get that singapore angle to it. So you might not think its a benefit or a tailwind now, but it will be once we really come out of this and when you look at the revenue that Las Vegas Sands generates, it eclipses that of the revenue that wynn does so longer term, i think youre better off being in lvs than wynn, but i do like both names tim i think wynn is an interesting call just because theyve given you a pretty detailed update on their liquidity. They talked about 3 billion in liquidity and they essentially preannounced these numbers and it was all about saying they have 1. 4 years of capex and interest expense to run with, and i think thats reasonable in an environment where we have the higher beta play and steve talked about this being more conservative and its had a big run and its been a bit of a pullback and you build a base in the 80s. Lets move on to peloton with diana olick with that story. Peloton came in with higher than expected q3 revenue and strong q4 guidance to more than double revenue year over year. No surprise, covid19 has everyone working out at home and that is benefiting the streaming company which sells highend connected bikes and treadmills although theyre suspended because they require inhome delivery subscribers grew 94 annually and Digital Subscribers on the app which adds meditation, yoga and strength training, and global subscribers 2. 6 million and they also just added dance and family fitness and john foley said on the analyst call, we believe were accelerating our market share gains and increasing our lead as the largest and most scaled fitness plat tomorrow in the world he ordered that stay at home orders are permanently changing fitness behavior subscription reactvations were very strong especially in january and during the last few weeks of march demand is growing so much for the bike in q4 already that theyre seeing longer delivery times getting it to customers and it continues to pay full salary and benefits to all employees and are making all rent payments across Retail Locations and they had the 35,000 square foot new york studio set to open a month and a half ago it opened briefly just with the trainers, but they ended up having to close it and the trainers, of course, are now doing the live fitness programs from their own homes which probably took a lot to get that going on melissa i noticed that. Diane a thank you. Diana olick. I know youre a fan of the product, but in terms of the stock, is there an element to pull forward when it comes to the bike sales in other words, are they selling the bikes now who else will they sell the bikes to down the road . Its not just the bike. Its the subscription product and they dont participate in peloton. I have to tell you something, you have to sign up on a list in my house, and that coupled with the fact that a lot of these companies are now having groups. My wife, for example, has a merck design theist group, and i know for a fact that youre riding, mel although i wont give your rider name and the shorts will continue to get squeezed and peloton the stock will continue to go higher, in my opinion just my opinion. I tried, my output is low dennis morton. Im an ali love, emma ludwell kind of person Pete Najarian, youre a fitness geek, i like to say. I am. I am i definitely am, mel, but i can tell you this, its not a company that i was in big favor ever until now and now i think the stickiness of the situation will be incredible for peloton and a lot of people that i talk to even today going into the earnings, i was asking people questions, did you do anything yes, they added a Million People to the digital side of things and thats pretty impressive to guys point and there is a lot it this story, and i think it will change for the better for peloton and this will have an impact on a lot of health clubs out there and quite honestly these are amazing and the margins were great everything across the board was a home run for peloton and this was the perfect storm. Coming up, snap, crackle drop one wall street Firm Downgrades snap and is this massive rally disappearing right before your eyes well debate that next and dont forget, markets in turmoil at 7 00 p. M. Eastern time on cnbc weal be right back welcome back to fast money. Check out snap as the stock saying revenues for this year and next are likely to come up short. So he did raise its price target though from ten to 14 bucks, but that still implies a 21 drop from where the shares are right now. The stock is up a whopping 120 from the march low steve, youve been bullish on this call and are you concerned on the valuation the city is no. Im not concerned yet, but theyre warranted to have that concern and theyre warranted to say theres so much positive news thats factored into the price of the stock currently snapchat and twitter trade basically in the same type of bucket so sometimes what hurts one helps the other and snapchat has outperformed twitter, but our good friend rich greenfield over at lightshed partners, hes been pretty positive on it for an angle that most arent talking about. Just think about television. There will be no Fall Television season so snapchat is actually coming out with its own original content. Where are people going to watch this the daily active users are up. Theyre up 20 year over year. So i think when you look at the advertising budgets, people looking to scale back on their bigtime advertising plans and to kind of kick it into these social plans so maybe its run a bit too far, but its really held on to its price quite effectively, and i think its going to be the recipient of a heck of a lot of advertising dollars when there arent a lot of other venues that they would otherwise go to if that makes sense. How should we think of advertising budgets and if theyre getting cut across the board and if facebook and google are the places you have to be, but the budgets are going down i mean, is snap going to be hit, too . And content is not cheap even if they are going to have original content and that may be a draw for advertisers. I think they will, and they also give guidance into the promotion side of the advertisings thats working for them, and so i kind of feel as if advertisers are while facebook and google have such a significant scale advantage, do i think that advertisers are looking to diversify into different buckets. Snaps growth has proven to be both a surprise and more resilient than expected and the numbers were showing decent numbers and as far as they were a difficult time and they articulated that the promotion side is work are for them. Coming up, should you drive thstk . Rom e oc much more on that next 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 free today. Dont get mad get e trade and start trading 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 from an annuity as part of your retirement plan. This can help you cover your essential monthly expenses. Learn more at protectedincome. Org. However, there is one thing you can be certain of. The men and women of the United States postal service. Were here to deliver cards and packages from loved ones and also deliver the peace of mind of knowing that essentials like prescriptions are on their way. Every day, all across america, we deliver for you. And we always will. So were working 24 7 toected maintain a Reliable Network, to meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. Earnings alert on twillio. It is up 25 in the afterhours session, roughly 1. 5 in the afterhours volume and this after the Software Company posted Financial Results on the profit and revenue side that both beat analyst expectations revenue surged by 56 over the same period last year driven by more demand of those services and watching those shares up a whopping 5 . Thanks to you. Don chu. A 14 of share, outstanding and short in twillio you are banking on a big pop, though, werent you . Yeah, because monday, mel we had great unusual activity where we had buyers of the may 125 call the stock was trading at 112 at the time they paid 2 for the calls which sounds like an extreme amount except for the fact this is twillio and this is the move that the stock does make Cloud Communications is a very hot industry and we already know that and plus you get the short squeeze that you mentioned and thats when you get the stock up to 152 i can sit in my seat, and it is really, really fun to see this. Lets take a look at lyft shares and despite the coronavirus. Options markets are betting on a different move for uber which reports tomorrow the company today announcing it will cut about 14 of its workforce and thats the ceo that would forego his 1 million base salary for the rest of the year mike khouw has the action mike hi. So uber implying a move after 10 and thats roughly in line with what they moved the last time and we did see puts out number calls by two to 1, the most active weekly options were those 25 strike puts and the buyers of those were spending about 65 of those and thats 2. 5 of where the stock closed and that would be a bet that the stock would move 10 to the down side after lyft beat this afternoon, and the stock went up so did uber and thats about 19 down from where the stock is trading right now afterhours. All right mike, thanks for that. Mike khouw with the options action guy adami, obviously, lyft and uber, very different businesses. Would you rather . I wasnt going to go there, but sure, lets go there go for it. Ill go there given the choice, which i just said he did. Lyft every day of the week over uber absolutely i think that lyft quarter was very strong given the environment we find ourselves in not that i have an account, although i was a driver, would i rather lyft over uber absolutely for more options action tune into the full show on friday at 5 30 p. M. Eastern time coming up, are you buying tims fast pitch on abbott labs . Theres still time to tevo on the twitter poll we will reveal the results next. Its a thirteenhour flight, thats not a weekend trip. Fifteen minutes until we board. Oh yeah, we gotta take off. You downloaded the Td Ameritrade mobile app so you can quickly check the markets . Yeah, actually im taking one last look at my dashboard before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. But when allergies and congestion strike, take allegrad. A nondrowsy antihistamine plus a powerful decongestant. So you can always say yes to putting your true colors on display. Say yes to allegrad. To puttedward jones isolors itswell aware of that. Et. Which is why were ready to listen. And ready to help you find opportunity. So. Lets talk. Edward jones. Its time for investing to feel individual. O. Welcome back to reveal tims fast pitch on abbott labs. Too bad, tim, you did not win. Thats a sad one, but it is your birthday today we cant play sad music. No unbreak my heart, so here you have it, time of my life, because of quarantine youre with family only, by yourself, so look at that thats crazy apparently, this is going around on the interweb. All right time for the final trade how exciting. Birthday boy, what do you say . Yeah. Youve got to dance with the one that brung you although we came up short today abbott labs, expensive, but for a reason steve grasso i had a Conference Call and i hoechsted one with my good friend and your good friend, Bill Mcdermott when he took over the reins the stock 120 cheaper and he convinced me now Pete Najarian im going to go with netflix, mel. We have call buying today and the stock will rocket before the end of the week. Guy you know, pete knows this they call me assassin, jack tatum and listen to what gene munster said about lyft. Im with him by the way, i agree with him on netflix. Happy birthday, tim. Lyft happy birthday, tim thanks for watching fast mad my mission is simple, to make you money im here to level the Playing Field for all investors. Theres always a bull market somewhere and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Welcome to cramerica other people want to make friends. Im just trying to make you some money. My job is not just to entertain you, but to educate, teach call me 1800743cnbc tweet me jimcramer. When we get friday thats plummet, you have the one from the labor departmentthat