Headlines in the quarter some past underperformers are catching a big bid check out these moves and the financials etf up 9 and xlb materials up 3 and on the flipside, outperformers like tech and health care are underperforming the Broader Markets with the xlk etf up 1 and xlc communications up 1 so is this rotation temporary or will this be the new leadership Going Forward . Guy adami, lets start with you. Hi, mel hi, guy well, just about everything is temporary if you think about it except luggage in the great words of eddie murphy, but i digress. I think it can continue and i absolutely think the banks can continue and kudos to karen who has been talking about the banks and saying the pain trade will continue to be higher in the Broader Market what we have said is banks should be trading higher and for example, j. P. Morgan which weve outlined the metrics that i used that was a 62 tangible book and put a 1. 85 multiple and youre talking about a 118 stock and i absolutely think theres another 15 to 20 on the upside. What surprises me is the s p 500 in the wake of this or in the midst of this rotation continues to grind higher. That to me is a bit of a disconnect, but the banks do make sense we have gone above 3,000, grasso held there we failed to hold there yesterday, so what do you make of the move so far this week so, when guy and i pointed out that 50 retracement from the alltime highs to that 2200, lets call it low in the s p and now were at that 618 and above that, youre honing in on old highs again. So you have to look at the 3924 level in the s p and thats your support and above that, you get to 3109. If we shoot to 3109 its all, but a given that were going to make new highs in this marketplace. The problem is for me what is the catalyst for new highs and you will have an overreach as you did to the upside. Youll have it to the upside, but earnings arent going to be there. You might get a resurgence in corona airlines are not going to be making money hand over first restaurants arent going to be making money hand over first well overshoot. Maybe what you see resurgence well settle back in everyone i speak to is looking at the 3,000 level in the s p. That is your new bullbear barometer right now in the overall market so all those risk factors for the overall market seem like gynormous risk factors for banks specifically, were talking about the lifeblood of the economy and if well be facing these downside risks, banks face them in a more outsized way they do and thats why we are here j. P. Morgan is up 20 in two weeks. Its still dramatically underperformed the market at large, so i thought for a long time that either the market cant continue to go up without banks going up owe they have to converge somehow either they go up or they come closer together so thats starting to happen i think that everyone is optimistic about future earnings and we want to hear about whats the reopening going and what do you see in the future and if we listen to jamie dimon and brian moynihan, both at the center of the economy they seem optimistic about their business so im hanging on to banks i dont know i am concerned that the rally has come too far too fast, but i feel the games a little rigged with the fed there and potentially additional stimulus that, you know, they have put a floor under here. Boeing shares are moving higher and we have breaking news in the company phil lebeau has details. Heres why numbers are move, boeing started its plant in washington that doesnt mean you will see a plane coming out of the plant for the next couple of days and it takes a while for the system to wake up and they said within the last month that theyre waking up the Assembly Line and theyve officially begun production at that plant in renton, washington, and you will see the first ones roll out of there for the first time in the next couple of months and guys, this is the beginning of boeing starting on the 737 max slowly bringing back production and remember, when it does come back and once they get it recertified, if they cant get it recertified by the end of the summer you will not see massive increase in production it will be a gradual ramp up in production nonetheless, this is a being milestone for boeing as it has resumed in renton, washington. Phil lebeau for us in washington is that a surprise to you that weve seen such a pop when the plane hasnt recertified they make these plans and they go nowhere. Who will buy them we should see this pop if we remember the cutting of production was a big part of where we saw the story go off the cliff and part of that was the cost attached to restarting production ultimately, june was talked about this is actually Pretty Amazing that were beginning production and i remember in the last few weeks weve had conversations between boeing and folks like southwest who were in a good position financially to their peers and we will be deciding and we are talking with boeing and were talking with them about damages and we will be buying these planes so this is about the normalizing effect and im long the stock. So take that with what you want. I i dont think a demand in their order book what it was. I think we had to figure out what the order book actually is, but weve gotten past the point where we are worried about the Balance Sheet at least today and focusing on the issues that were the issues before covid19 and it really is about ultimately getting that recertification if it does happen in july and boeing in this time has changed their tune dramatically and become very penitant and found religion as far as what they need to say to the public to modify the faa even if there are other things that have to be done with the software guy adami, is this i mean, youve got not only its own issues which it seems to be resolving at this point or on the path to resolving, but you also have boeing as a pandemic reopening because of the Airline Boost that it could see. Is this the time to be in the stock . Well, good for tim, by the way. Rbc, i think initiated this stock on may 20th with 164 price target and i think and we pointed out on that day something that tim had been saying that the market had been completely discounting boeings defense business and i think now its being taken into consideration. I think i see whats going on and lets get ahead of whatever good news thats coming and if its bad news well have the ability to turn on a dime. Well see if that plays itself out. 180 is when the stock went from 80 to 180 in a Straight Line from early march to april and thats the level youre looking for, but its a good sound bite, but i dont think theyre out of the woods by any stretch of the imagination, my opinion. Well keep track of the stock and back to the markets and our next guest has been trimming te techs, buying banks and lets bring in emily ronan great to have you with us. Thanks for having me. How do you think of the markets in terms of this great rotation will you see new highs in the s p 500 . Well, this sign of the broadening market is certainly a good one in term was forward looking expectations here and one of the things thats been critical here is this huge whipsaw in terms of sentiment. Youve got Retail Investors that have been sitting on the sidelines just hoarding cash over a trillion dollars has gone into money market funds year to date and investors are looking to get that cash off the sidelines and theyre looking at the areas that have been beaten up on a relative basis and you look at technology which we still like, then you look at areas like financials we dont want her around for these classically cyclical sectors in terms of the classically cyclical sectors do you not like are banks the ones you single out mer than others cyclical sectors and classically speaking thosemore tied to the economic angle in order for the longterm story to play out wed like to see some more inflation and wed like to see rates going higher and that really is not our base case for a couple of years here, but theres been a huge dispersion performance and we think it makes sense to take out of those gains like areas Like Technology and areas like treasurys. I mean, lets think about it theres really only been one trade this year, tech and treasurys and thats been great and congratulations for all of the folks that embraced those trades, but the idea here is whats next . We have a long way to go in terms of performance recovery in an areas like drills and financials and it does make sense to lean in at this point you talked about the money sitting in the sidelines in the accounts of Retail Investors and im wondering if during this time and in the postpandemic time, if you see the shock waves through and they see their member losing their job and mib that stays on the sidelines. Does that change anything with the overall markets . The real thing that we see with the cash in the sidelines for individual is the fact that the fed has pushed the short end of the curve all of the way back down to zero so that becomes a problem for savers and we think thats one of the most challenging, you know, kind of Behavioral Finance elements today is to get investors to at least go out on the curve a bit. So yes, i think youre right the savings rate could move higher which could dampen Consumer Spend coming is absolutely critical to this recovery. Not from an investment standing and they try to generate some yield in that portfolio. Thanks so much gr your time, emily rowan does it bother you that theres trillions of dollars sidelines on the part of Retail Investors i guess i would like to see it in those that i own, and i dont know if thats a sign of the top. I do have banks and i do have some industrials that are starting to work names like uri or fedex. I bought fedex recently. I think those have a ways to go. I dont know that its a Straight Line, though, but thats how im positioned. The sector we hadnt mentioned which is catching a bit in that rotation is retail xrt is up more than 6 in just two day, tim yeah this rotation for retail, and for banks and industrials. This is not two days and this is not two days, this is two weeks and i think we just need to be clear about this you had the s p up 8 in eight days, but during that time youve actually seen this outperformance by the groups that i think were left for dead and was very little visibility into where the business was going. I think on the retail side, as we know the xrts and etf, and it contains a lot of the smaller index players and i think if you look at some of the big box and if you look at the hard lines, and if you look at some of the specialty retailers and apparel, some of these were so beaten up and obviously, theres the bottom of the barrel with l brands and what not and macys and we talked about them, but look at Dicks Sporting Goods and some of these other places where you had some expectation where you thought these guys would be dead with the consumer and theyre not and back up their high and this is not a twoday rotation and this is a twoweek rotation where banks have outperformed and the leadership walmart was down 8 and i think you will continue with that trend. There is one economic release that im looking for on friday, and there are a number of articles in bloomberg and the wall street journal, i believe, about pay cuts and how people, workers, may not be losing their jobs, but for many workers out there they are being asked by their companies to share the pain and take pay cuts and that will show up in personal income data, not right away, maybe in next months release or the following months release and you have to wonder how that impacts Consumer Discretionary sending. It absolutely has to impact thats your point and, if you talk to an economy in the at a certain point it matters and i see whats happening with the Broader Market, and optimism wins which is fantastic and when you look at this thing in the aggregate and northful 35 Million People unemployed and you talk about the pay cuts going on it is very hard to imagine us getting back to we were in december as fast as the market thinks and thats what gives me pause and thats why im trying to be somewhat pragmatic with that said, optimism is ruling the day right now and its really hard to argue with that coming up, shares of box getting a pop after reporting results and well break down the results from the Company Trump breaks fresh aim at twitter and we will break do e risks in this brewing battle fast money is back in two. 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. You know, the chef here trained in france. Mmm, it shows so good. Oh hey, did you say you needed help with investing . Because i know someone whos really great. And you trust him . Totally. Yeah. We went to school together. Ill check him out on investor. Gov. So, whatll it be . Ill just have the burger. Before you invest, get the full report. Check out an investment professionals background for free on investor. Gov. Before you invest, investor. Gov. Welcome back to fast money. We have an earnings alert on box. It is surging after hours. Josh lipton has details. Josh box is reported on being the top and bottom line and billings came in better than expected at 128 million. As to the forecast, q2 eps is better than expected and revenue basically in line and for the year, the eps forecast was nicely above consensus in terms of the forecast and remember the stock had surged about 130 since that march low headed into the print and i did get a chance to chat briefly. I asked him how has this work from home trend going to benefit his company. They are seeing healthy expansion. Enterprises are new ways now to access and collaborate on content in the cloud and his argument is box is there to provide that for them and 40 deals over 100,00037 he did point out challenges as well in the quarter and he pointed out softness in the consulting business, too, and it did impact the top line and it was the bottom line and what leverage was he pulling and box is driving way better cost discipline at his company. Melissa, back to you josh, thank you box shares up 2. 5 steve grasso, how do you trade this so when you look at these names like these Infrastructure Software names, it is up about 18 , i believe, year to date and it is about a 3 billion marke cap. On the flip side of that you get a 70 name and Bill Mcdermott went to service now and who knows . Service now gobbles up a company like box in the future i would expect box to be the beta play, but its not and the companies that people are investing in have multiple strategies and diversified and are larger cap names in this environment. I would stay with the service now would you rather than myself there against box. Steve go ahead, tim. I know you want to say something. I just wish i could do that as effectively as steve does it. Its awesome so i would be worried about the small and mediumsized businesses and this to me is a quarter of their business and i realize that the enterprise so far has proven to be very resilient for reasons we all know whats going on, but the those of those transactions and its where businesses, and i think thats appropriate given the environment. It seems like a real risk in this environment it does, critical to their business and then theres a space. One thing thats interesting about box. They did have guidance and we talked about companies not giving guidance and when you have a business you have a somewhat better sense of what your revenues are going to be and its want surprised they give guidance and it was decent and thats a nice move for box i dont own it its too expensive, but good for them breaking news here. New sanctions out of washington and Kayla Tausche has the latest kayla . Melissa, on capitol hill, the house is voting by proxy right now which means essentially that some members can vote on behalf of other members who want to be teleworking and they have just secured enough votes to pass a bill that has already been passed in the senate that would put sanctions on chinese officials for Human Rights Violations of muslim minorities that have been encamped in china for several years at this point. This bill would then go to the president s desk once this house vote is final and melissa, it just adds to this ramping up of antichina actions for a variety of issues the president has been presented on policy options for other sanctions on chinese officials related to its National Security law that it is seeking to impose on hong kong to crack down on demonstrations there. So certainly, this is just adding to the myriad of antichina sentiment here in washington, on both sides of the aisle and certainly this is a symbolic move on one hand and potentially could result in retail yagsz by china. Melissa is this the announcement that President Trump teased the other day when he said the response to the security law would be announced by the end of the week sore is this separate . No. This is separate this is an action that lawmakers on capitol hill are taking specifically to hit china for these human rights abuses. What the president is planning to announce if he makes the decision to do so, would specifically target beijing in response to that hong kong National Security law that it was thought to impose earlier today. The secretary of state mike pompeo certified to congress that hong kong has not hong kong has lost its authority and it is no longer a onecountry, two systems type special territory. That could have ramifications for special treatment specific with the absence of tariffs in hong kong. It could result in new action by the administration by the end of this week. Kayla tausche, keeping on top of this for us guy adami and you had specifically raised one in a series of actions we dont know the extent quite yet, so we dont know that yet, and here we are, guy. Out of all of the things that give me concern and have given me pause this has been the top of the list, yet, when i first started talking about this, the s p 500 is probably up 150 handles since. So clearly for whatever reason the Broader Market doesnt seem to care. Again, im not certain why i think this is a big deal i absolutely think that President Trump views this move in the Broader Market as bullets to play with in terms of the rhetoric with the chinese, and i think hes going to use them you know what . Maybe he should. This is not a political statement, but there are ramifications for that any announcement that is made and had time to close. But this rhetoric is going away and it will only intense if i. I had a an hour after the session, and it does seem that businesses over there are falling in line with beijing we had li kishing, a very well known hong kong businessman effectively backing the National Security law today there was an advertising poster with his smiling face there, and we also have news, and im not sure if this is related, but it does seem to be related, nade success as well as j. D. Are posting in the hong kong market. We are Chinese Companies and we are going to stick by here theyre a National Champion companies and theyre going to do what they need to do to stay here whether its listing in hong kong, beijing or local exchanges and there are options and there is liquidity there, and rule of lu in hong kong is critical and it gets is the u. S. Just the only player here that will be putting pressure on china . I doubt it, and that elevates trump on some level. So the common enemy is a very important Political Tool here, and i think real or not, and i think we would argue on both sides of the aisle are arguing that china is very much a target and therefore, thats going to play well politically and therefore as guy said from the markets perspective maybe with markets having done what theyve done weve seen this administration say, you know what were keeping an eye on the stock market and were certainly comfortable with the fire and i know guys term and ill take that, as well. We have another earnings alert on Toll Brothers and lets get to diana olick with the details. Diana . Melissa, toll had a really nice beat in the Second Quarter and much more than expected and what was really interesting in this report is how doug, the ceo, described the quarter as bifurcated and they came in in the beginning with signed contracts way up at 43 and down 69 , but then he talked about what hes seen in the last three weeks, and i think thats whats moving the stock he said just since the last three weeks of may he had orders down 37 and now up 13 and, he added, that of course, trvenlg improved since february and these trends suggest the Housing Market may be more resilient than anticipated just two months ago. Thats what we saw in the new home Sales Numbers yesterday they were expected to drop 22 in april month to month. We are barely 1 and low supply on the existing home side is pushing more buyers to the builders toll, of course, is a luxury home builder, but their price and their average sale price in q2 came out over 10 and you can see that demand coming in for more housing part of that is that the urban flight and they want to get out to the suburbs, more space, a backyard, a home office and all of those things benefiting the builders and clearly benefiting toll melissa . We also note that Mortgage Applications up for six straight weeks at this point so financing is also out there for this consumer steve grasso you have been in the homebuilders, are you still . I am not in the homebuilders and toll is in those expensive markets and its in those markets that had more severe shutdowns, washington state, and california, the upper income levels for california and san fran for one of them, philly and pennsylvania no matter how you slice it there are tremendous headwinds for Toll Brothers and even though they cut in half their year to day loss d. R. Horton has performed and it is up year, home depot, and you can go a different why it dr they and a negative is a base because they would sell this pop in toll and an overfogzs well fiend out if its enough to make one big bowl change his mind. Plus teslas reality check and what the company just did that is a true si othgnf e times. We have the details when fast money returnseighty d d getting bigger. Eighthundred dollars. Eighteen hundred dollars. I saved for this. But not that much. Im glad i had aflac. They gave me money when i needed it most. Thats why aflac is here, to help with the Expenses Health insurance doesnt cover. I love that aflac duck. Aflac get to know us at aflac. Com birthdays arent cancelled. Hope isnt quarantined. First words arent delayed. Caring isnt postponed. Courage isnt on hold. And love hasnt stopped. U. S. Bank thanks you for keeping all of our spirits strong. Weve donated millions to those in need and are always here for our customers and employees. Truly transformative sleep. So, no more tossing and turning. Because only tempurpedic adapts and responds to your body. So you get deep, uninterrupted sleep. During the tempurpedic summer of sleep, all tempurpedic mattresses are on sale welcome back to fast money. Moderna raising a few eyebrow again today. The executives sold 89 million since the start of the year. The sales were preplanned so legal, and they come as the Company Plans a secondary Stock Offering moderna shares are down 39 from last mondays Closing Price since announcing a potential coronavirus vaccine. Our next guests reiterated an overweight rating on the stock and lets bring in Piper Sandler ted tenthoff thanks for being with us. Thanks, melissa. Is there an optics problem at med ear moderna, and the company is rushing to get a secondary and the news about these preplanned sales . Actually, the biotech Space Companies often raise money on the heels of positive data, and if you think about it, this is money being raised to manufacture upwards of a billion sarscovid 2 vaccines and the timing of the insider sales is not optimal, but as you mentioned in the opening comments, these are strictly controlled for clevel executives so i think its an optics issue, but no more than that. Is there concern in your mind that the fcc could have grounds to investigate because as we understand in speaking to jacob frankel, former sec attorney, the sec could still have grounds to investigate yeah. I dont have a comment on what the fcc is going to do they obviously do a great job on monitoring all of the different trades that occur so it will be up to them if they decide to look into these insider stock sales. Lets talk about the stock itself and your overweight rating on it you see the stock virtually doubling over the next 12 months according to your call here. In terms of the 10 billion in revenue, 1 billion doses a year. Thats 10 billion a dose. Who pays for this, ted were trying to understand for vaccines like this when theres such pressure on the part of governments to say this is a humanitarian cause at this point, give us the vaccines, who will pay for that . You know, clearly, government will pay for this. Also, i believe insurers will pay for this if you think about the cost of the single vaccine versus what it costs for a patient to go into the hospital with severe respiratory distress and vaccinations are some of the most cost beneficial areas of investment when you think of 10 a vaccine, thats not the price of a flu vaccine every year so tell me, melissa when you pay 10 for the covid 2 vaccine at this point for the ability to go back to life and one investor put it to me this way. How much has the covid pandemic cost the u. S. Economy . 5 trillion at least and i have to imagine its at least double that and even if it was 100 billion and thats a drop in the bucket in terms of what this protective vaccine, and this protective product could do in terms of revitalizing and protecting the American Economy and the american people. How much is a covid vaccine. How much of that is in your model in terms of what its worth to the stock i understand that moderna has never brought a product across the finish line and it has a platform that either failed or had been dropped i think that might not be a fair characterization. Okay. We believe that ms. Efrjessea is ideally suited for vaccines and nobodys named a price yet for this vaccine were just assuming, but say its 10 a share they entered into a contact with lanza to be able to produce a billion a year im just trying to show what the potential could be it may end up costing more than that, and again, i think the value that a product like that would bring. This has really we put one and a half times multiple on those revenues and thats about 15 billion or a little less than half of the total value of our 36plus Million Dollar value for the 100 price target and moderna is working on other vaccines like rsv and zika and other diseases, as well and also this technology could be ideally suited for orphan diseases where the rna can actually be used to produce the missing protein or enzyme we think thats a really exciting opportunity for this company a bit beyond covid19. Karens got a question for you, ted hi, karen yeah. Thanks for being on, ted when you think about the revenue for the vaccine, how do you think about the competition, right . Youve got some of the deepest pockets in the world trying to get to the same place. Great question. For starters, keep in mind, the first really does matter here and all of us who have not been exposed to sars covid 2 has sars antibodies and thats why this disease has been so disruptive and so deadly, frankly so just inching up the immunity to any level provides protection and what the Company Reported in the nih reported from their study that the lowest doses get to levels that are that of a patient recovering from covid19 and 100 micrograms gets even higher so theres a lot of competition out there, frankly, a billion doses when you have to get two vaccinations and thats 500 million vaccines and well need everybody to produce as much vaccine as possible to really not just protect the United States and protect the european allies and the rest of the world. Personally, i think we should be cheering for all of these companies to succeed ted, great to speak to you. Thanks so much for your time. Have a great day. Ted tenthoff of Piper Sandler. Weve been skeptical of the stock for optics reasons and the data is preliminary at this point. Guy, have you changed your mind . Now its to the point where it becomes a bit of a Lottery Ticket have i changed my mind so long as the stock can go lower. Companies can do whatever they want if they think the time is right to price the second e who am i to argue its their excuse as to why they did it they said they were doing that secondary to raise 1. 25 billion for manufacturing and distribution of the vaccine. You only do that if the vaccine was successful and if the vaccine was successful the stock would be trading 100 which is a much better level. To me its not the secondary and its the somewhat nebulous reason as to why they did it coming up, President Trump threatening on cracking down for the media app he seems to be so ndf fo of. This cloud name is floating higher fast money is back in two. Rst . 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Well, melissa, a conflict between the president and twitter all started when for the first time twitter flagged two of the president s tweets as potentially misleading the president claiming the mailin ballots would be, quote, substantially fraudulent which draws an alert from twitter saying get the facts about mailin ballots which directs users with more information about these claims twitter telling cnbc saying these tweets contain misleading information about voting processes and they have provided additional context around mailin ballots. Trump responded by threatening to shut down social media outlets. Twitter has shown that everything we have been saying about them and their compatriots is correct big action to follow trump also tweeting that social Media Companies should clean up their act. Twitter shares did end the day down nearly 3 back over to you, melissa. Julia boorstin. Should we be concerned about that quote, unquote, big action to follow, grasso . Yeah. Whatever the president says Something Like that, you have to be wary of it. First of all, just take that example on twitter and now were all going to start to think about the links that they send so were going to argue over whether those are real or not real so i think you have to look at how the other companies are playing it im currently in snap and snap is up 4 year to date. Snap said they will fact check facebook said they will not. Theyre not touching it and twitter basically said months ago that they werent going accept political ads so i think the way to play this for me and facebook has been the outstanding performer up 11 year to date and thats the one that garners the most of attention and the one that gets the most money and i would argue the political angle to this, but i would play snap, buy facebook for long term and play snap for the bigger move off this bottom and twitter, i think theyre going to be in the bullseye for a political angle and you dont want to be on the wrong side of this fight going into the election, my opinion all right coming up, tesla, cutting prices on two key markets for the stock. Gene munster joins us on the other side of the break and well bring you that trade when fa meyetns tempurpedics mission is to give you truly transformative sleep. So, no more tossing and turning. Because only tempurpedic adapts and responds to your body. So you get deep, uninterrupted sleep. During the tempurpedic summer of sleep, all tempurpedic mattresses are on sale you should be mad they gave this summer of sleep,guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. 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. Welcome back to fast money. Mark zuckerberg just spoke to Andrew Ross Sorkin and discussed the Remote Workforce and how will onboard new talent virtually. Listen. One of the big challenges with remote work that well all have to work through is that is the feeling of kind of Building Social bonds, building culture and creativity together, people are going to need to feel like they have the same opportunities to do their best work remotely in addition to being in the office and theyre going to need to feel like its not going to disadvantage their career to work remotely and those are things that well have to be very intentional and there are a lot of open questions on how to do this, but this is part of the reason why were taking a measured approach and rolling this out over the coming years starting with people who are experienced, who are high performing at the company in order to set the tone that the good, key leaders and folks that a lot of people want to be like will be moving to be remote and i think that that will set the tone you can watch the entire interview including Mark Zuckerbergs response. Fact checking starting tomorrow at 6 00 a. M. Meantime, Andrew Ross Sorkin joins us by phone. Andrew hi there good to speak with you. In terms of his reaction, i know you want to unveil the sound bite on the part of the interview of the president and what sort of tone did he strike in terms of speaking about the president s threat of the quote, unquote, big action to come . I think hes tried to be as measured as anybody in this whole process, and i think unlike twitter has clearly taken a different stance which is that when it comes to political speech or what he would describe as political speech that he doesnt think that he or facebook should be in the business of regulating it, if you will obviously, the president also agrees with him, and there are others like jack dorsey at twitter who have a very different view ill let the viewers see what mark has to say about all of this tomorrow, but it was very interesting to contrast and compare the different approaches that theyre all taking as well as the different approaches theyve taken to work and jack dorsey working from a home remote from home everybody approach and how does that work relative to the quasi office plus work from home remote first however you want to describe these virtual ways were trying to Work Together working from home for facebook, will that help them save money because theyre adjusting salaries according to where you decide to work from. So if i move to the heart of ohio and Silicon Valley i dont think thats what he was driving at whats driving it is they need to order 10,000 engineers in the next year and i think that their ability to be able to recruit people who historically didnt want to go live in Silicon Valley or live in some of these other expensive areas or stay close to their family and thats whats really driving this i also think and he talked about this idea of trying to create a more diverse workforce, that if you can find people in different parts of the country you will actually create a more diverse workforce. Thats more than anything, more than the price and i know that everyone will look at the numbers, but hell end up having to create offices in all sort of cities and places that he hadnt necessarily had before, because as part of this, hes not been planning on working from home all of the time. At some level he plans to bring employees and communities together and so there will be additional costs to this, too, and theres a Tax Complexity to pulling this off because you are going to have employees potentially in every state in america. Right, and the cybersecurity involved also has to be there if you have these remotes particularly engineers working all over the country andrew, thanks so much for calling in we appreciate it and look forward to the interview. Thank you with the ceo, Mark Zuckerberg tomorrow should you get out of the clouds to buy sales force and well tell you what theyre predicting ahead of the earnings reports. Stay with us welcome back to fast money. Sales force finishing higher today. The stock has made a big recovery from lows of the year the digital giant reports tomorrow options betters think it will kick it into high gear mike khouw has the action. Hi, mike. Hi, melissa calls outpaced puts by two to one in sales force and the Options Market is implying a move of 4. 8 and thats in line with the 4 or so that the stock has moved on average over the last eight quarters and the most active options were the weekly 180 strike calls buyers of those are betting that the stock will be above the 180 strike price and that would be suggesting that the 4. 5 to the 5 move will be to the upside. For more options action the full show friday at 305 p. M. Eastern time coming up, final trades. But inside every etf. There are untold hours of careful construction. Infinite what ifs . And contingency plans. Creating funds that help target gaps in client portfolios. Tap untapped potential. And strengthen confidence in you. Flexshares. Powered by over a century of investment expertise before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. And technologists, i see all the Amazing Things you have been doing. You are transforming business models, and virtualizing workforces overnight. Because so much of that relies on financing, we have committed two billion dollars to relieve the pressure on your business. As you adapt and transform, were here with the people, financing, and technology, ready to help. A big night coming your way on cnbc. Elon musk and jay leno kick the tires on the cyber truck on jay lenss garage tonight at 10 00 p. M. Karen finerman, we kick it off with you. I want to say congrats to my daughter lose whoa graduates from college tomorrow and i remember the day she was born and next thing i know im on a zoom call with pomp and circumstance. Go, lucy congratulations. Steve grasso. This ones been great to me tran seo. Ticker symbol tse. Trinseo. Well before covid19 and 36 times trailing and we dont know the future nike here. Guy adami way to go, lucy and your classmates and Lockheed Martin take a look at that one, melissa. I will. Thanks for watching fast money, everybody. My mission is simple, to make you money im here to level the Playing Field for all investors. Theres always a bull market somewhere and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Welcome to cramerica other people want to make friends. Im just trying to make you some money. My job is not just to entertain you, but to educate, teach you. Call me at 1800743cnbc. Or tweet me jimcramer the stock market is is supposed to be a forecasting machine what the economy will look like in six months. As an investor you hav