We start first with technology on a tear as we kick off the second half of the year. The nasdaq composite hitting a new record high in todays trading led by gains in the fang names. Facebook, amazon, netflix, al a alphab alphabet, all higher can we expect more highs ahead well turn to you first, guy does this resonate with you right now, this notion that its the mega cap tech stocks that continue to be the leadership in the kind of market we have today . You know what resonates with me i hear your voice, tom, but im looking at engelbert humperdink. After hours, guy, this is what it looks like. Im liking it you have to be impressed with the market as well does it resonate with me absolutely im not going to pretend ive been bullish theres a metallica song from 1982 nothing else matters. Nothing else matters but the fed and the fact we have this passive investing that continues to work apple is in close to 280 atf facebook is in about 220 etf and 170 of those facebook is one of the top 15 holdings. Money continues to pour in mindlessly into these names. We did point out on june 29th that reversal on facebook. Think about it even with all the news with facebook, its right back to levels we saw prior to the try try um ver rate. It speaks volumes as to whats going on here. The market is impervious to any news that could possibly be negative. We do have Karen Finerman i see her up there right now i kind of feel like youve been hearing us but we havent been able to see you until just now karen, guy brings up passive investing. We know that much of the etf flows will have to buy names like apple and microsoft do you think these names its more of those etf buyerings that a are driving this market . I think the other thing that guy hit on which is the most important thing is the fed as long as the fed has said were there, weve got your back no problem, i think its giving investors a lot of confidence that any kind of pullbacks will be minimal and that people will buy it even though when you look at the economy and whats been going on with the reclosings, i think you can paint a pretty bearish picture. But so far not fighting the fed has been the way to go i thought it was interesting today where they had some discussion about do they have targets and they decided not to. I totally understand why they dont want to have targets, because what if they put them out there and things arent going their way and people get afraid, oh my god, the fed has lost control that would probably be a pretty bad scenario as long as the fed is still there. Its a great point that karen brings up. The fed has been by many measures the one factor that so many people say is whats driving the Market Action right now. Karen made all those points too. Is there anything you can make about this market that isnt directly tied to the world awash with money and cash . Well, its tough. First of all, karen makes a lot of great points. The real song off of the metallica album was called enter sandman. Its lights out if youre fighting liquidity the s p 500 traded in almost a 15point range and a tighter range than that for most of the day. The market was not moving. As the vix falls, marko brought up on our show last night, as the vix falls, the market will go higher. Whether this is holidayinduced lethargy, its such a critical component to what were doing here why will volatility fall i think theres a couple things that were out today. We had a great day of macro data i realize these are less bad points or glass half full. Adp had 2. 75 jobs added. The ism manufacturing number, i know were a services economy, but printed at 52. 6 and every part of that was strong. Pmis around the world including china were good last night the data isnt awful the most important thing about the data is the virus right now. Although cases are going higher, mortality rates are going lower. That may be a function of were getting more tests out there and i think theres some confidence that comes with that. Confidence is key right now up until now weve talked about many of the constructive parts of the market. Not that im putting you in the minority opinion category, but is there anything about todays action that gives you pause or maybe worries you a little bit so the minority opinion, you obviously watch the show thanks for watching there, dom just to keep with this metallica theme, enter sandman, who entered to that tune was mo rivera he had one pitch the cutter let me tell you whos got multiple pitches the fed. Theyre not just a onepitch wonder here, but they are trying to close this thing out a little bit. Ill just say this when we talk about technology, this discussion that my esteemed panel just had here, you know, we have a little bit of a mania in a fed induced bubble going on right here im just looking at some of the price action today alone in amazon, up nearly 5 , up nearly 10 in three trading days off the monday low thats gained more than 100 billion in market cap. You know what has 1 100 billion in market cap right now . Shopify. That company is trading about 50 times sale there we get back to the mania there we have a little bit of a bubble here. If all the money on a day like today is going into those sorts of stocks, the mega cap and the speculative high valuation ones, then you say to yourself, whats the hell else is going on in this market . Well, small caps traded really poorly, banks traded poorly, oil stocks traded poorly the reversal in the transports was atrocious given fedexs price action here. I just say to myself, i dont know what investors are looking at as we head into the second half of this year. Yes, maybe some of the data on the pandemic, on the virus spreading is likely to get better from here, but who knows . So the market is discounting a whole heck of a lot of good news around therapies, around vaccines, around reopenings. Valuations, no matter which way you look at it, are getting very stressed im not telling you valuation is a reason to sell the market here, but those stocks that are climbing the way they are and are commanding the valuation and the market caps, its just not particularly sustainable it will not be here in a few months. This is the Perfect Group of setup pitchers to get into our next topic as we have a bona fide debate here lets bring in the chief equity derivative strategist over at credit suiwiss which way is this market supposed to go given the cross currents in corporate and macro data to me, the telling thing about price action is the fact that in an up day all the cyclical factors are lagging to i think everyone at this point is aware of the negative news out there, the rising virus cases in parts of the u. S. , potential reclosings, et cetera. But i think people are not paying enough attention to potential positives. Everyone talks about the fed thats pretty well understood. What about fiscal stimulus we have a big fiscal put coming up later this month. Any view my view is were going to get an extension to a lot of these stimulus measures to the end of the year i think the pessimism is well understood its also reflected in the pricing in the derivative market were seeing a lot of downside puts that demand for those downside hedges is higher today than it was at the peak of the crisis in march. To me, thats the asemitri or the dislocation that spans out given the positive policy. Our view Going Forward is actually quite constructive given the still very cautious positioning of the market. Mandy, you mention this kind of asymmetry thats happening with regard to pricing in the options market, more people flooding toward the downside insurance. Thats something traders call option skew. Exactly. The relative pricing relative to the puts of similartime price movements. What does that tell you about what it looks like in the next, say, three, five, six, 12 months how does this play out in the marketplace . You say its constructive, but is it an even path not necessarily it doesnt signal a Straight Line up. It certainly suggests that the Downside Risk is well understood and well priced in that mea in terms of on the way up, the rally so far has been really led by health care from here as we get further upside in equities, i do believe it will come from positive surprises to Economic Data it will come from a more vshaped recovery in terms of Economic Growth in which case the cyclical factors should benefit more in that backdrop. In particular, given still very High Economic uncertainty, we really like playing that upside through options. Thats one thing weve seen a lot of investors do. Before we let you go, is there any place in the market, any data point, any sector, industry, stock, anything like that that serves as a possible canary in the coal mine for you . I think to me what to watch for is credit. If we see a pickup in credit, market volatility or credit spread, i think that would be a big negative to equity i would say at the macro level that is the indicator im looking at most closely. Mandy at credit swees, great to get your thoughts here. Thank you karen, i saw you nodding and following along in that conversation what resonated with you there . Im watching the reactions that you had during that interview. Well, its sort of interesting to me that she talked about the skew in terms of bearishness, how much protection there is that investors have to protect the downside you know, for a lot of weeks we kept hearing were going to retest the lows. That was probably in april and may. Obviously it was significantly higher from there. That gives me comfort to hear that the market is sort of positioned for a downward move, because in the path of least resistance is probably higher. Were watching that pain trade for sure. Another big story, everyone, to kind of keep an eye on here, we have some big news out of pfizer today on its experimental coronavirus vaccine. Lets get to meg with the details. It was a market mover. Meg, what can you tell us . It sure was these were very early data, the first weve seen from human trials of pfizers Vaccine Program for covid. They rolled 45 Healthy People into this study ages 1855 and presented data looking at two lower doses for 24 patients. They found all participants presented antibodies which blocked the viruss ability to enter the cell at levels about two to three times what you see in patients who have recovered from covid19. We dont know if that level is going to be high enough to provide protection and for how long but thats what theyre going to find out in the bigger trials safety, of course, incredibly important here as well they did see pain at the injection site, fatigue, headache and fever which did get worse at higher doses and after the second shot. Thats why they focused on these two lower doses as well. They are heading toward that phase three Clinical Trial theyre going to select the best vaccine. This is just the first of four theyre looking at to start a 30,000 participant trial in the second half of this month. Theyre neck and neck with mo derna. Sastrazeneca starting july or august and Johnson Johnson a few months later pfizer said it expects to have 100 million doses of this vaccine by the end of the year and 1. 2 billion by the end of 2021 thats of course if all goes well in the studies and they get the Regulatory Approvals some of the biggest names in biopharma trying to work toward that technology. So lets trade pfizer. I would say lets put it in context first. We saw a nice move higher in pfizer today on a year to date basis, everyone, we are still talking about a mega cap drug thats down 23 over the last 12 months maybe it was due for an uptick here is this bullish pfizer in your mind, guy . Yeah, it is look at you doing your homework. Loving that youre coming on fast money and you have your numbers in front of you. Outstanding. Pfizer is cheap. It should be higher, but the real outperformer and one weve talked about for a while continues to be eli lilly. On top of that you had a huge move today on amgen. I think that stock is making an alltime high which reaffirms the breakout in the ibb. Big cap pharma and biotech continue to work and theres no reason that they wont continue to move to the upside. Is pfizer the place that you want to play this when it comes to large cap mega cap biobiopharma or are there other players trafficking in vaccines right now that are better in your mind . I think in terms of relative value i like pfizer and merck. The news out of pfizer is on obviously exciting mo der that is in late stage trials one of the things we talked about on the show is this isnt necessarily a boon for the underlying Drug Companies. Its really more of a market call i want to own pfizer i work merck i actually think this is more of a market call. I think the common news were getting is at least giving people some confidence that some of the smartest and best Drug Companies in the world are going after this we had great macro we had dynamics in terms of markets and volatility and positioning but ultimately we continue to get decent data. I think People Better understand where the virus data is from the front line even though the case numbers are getting higher i think theres a big debate over where mortality is. Were going to tackle the transportation stocks. Big followthrough from fedex on its Earnings Report last night into today now is the time to support the places you love. Spend 10 dollars or more at a participating Small Business and get 5 dollars back, up to 10 times with American Express. Enroll now at shopsmall. Com. If youve had the coronavirus, youve got a lot of fight in you. And youre in a special position to help us fight back. The plasma in your blood can literally save lives. But we need to act fast. Please donate plasma now. Please donate. Donate. Donate. Donate now. You fought for your life. Now lets take the fight to covid19. Go to the fight is in us dot org to find out how to donate. You say that customers maklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Welcome back to fast money. Fedex topping the tape today we are seeing some strong followthrough last nights Earnings Report, the stock surging double digits on those results. Now despite those big gains, the Transportation Industry group failed to hold in positive territory today. Dan nathan, you alluded to this earlier. Its not exactly a positive sign in your mind that the transports couldnt hold the gains despite a massive move higher by fedex yeah. Horrible price action in the group. You saw the rails traded very poorly those airlines had a horrendous day. United airlines closed 10 off of its opening highs here. Thats just a disaster when you look at the group as a whole on a day like today with one of the Top Ten Holdings up 12 and they cant hold their gains, you say to yourself, very stock specific, we talked about fedex last night on the show this is a stock as of yesterdays close down 50 from alltime highs in 2018 the story is expectations have been ground down for two years finally you see some light at the end of the tunnel. The price action in the transports i think today was very troubling without fedex we would have been opening the show with the transport reversal today. Guy adami, i want to turn to you. Do you consider fed ex or ups, those types of names, are they in a covid playbook for you . Are they the ones you would dr to be like a netflix it sure seems like a big part of the narrative. My mplaybook days ended in college. You mentioned netflix. That had a monster day today clearly that trade is alive and well its really interesting. Facebook did make an alltime high in september of 2018. Since then youve had a series of lower lows and lower highs, not particularly good. Today, great, yes, i get it, huge day to the upside fedex typically trades about 2. 5 million shares per day traded 18 million shares or so today. My math suggests thats over six times normal volume. It traded right up to the price target ubf slapped on them a few weeks ago. My inclination and im wrong a lot, is you take profits in this name and continue, you know, you bank on that trend for the last two years or so continuing to the downside. It has been a near medium term uptrend for sure for fedex stocks since the covid19 lows back in march. Coming we are following a developing story out of hong kong where protesters have taken to the streets as a new security law goes into effect those details coming up. Plus, are auto sales on the road to recovery we have the latest data and those trades when fast money returns. [narrator] at Southern New Hampshire university, were committed to making college more affordable. Thats why were keeping our tuition the same through the year 2021. [student] i knew snhu was the place for me when i saw how affordable it was. [narrator] find your degree at snhu. Edu. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Welcome back to fast money. We are following a developing story out of Hong Kong Police launching a big crackdown as a new security law imposed by china goes into effect reporter u. S. Businesses are reassessing their exposure to hong kong after china imposes new National Security laws on the city thousands of protesters defied a police ban on the july 1st anniversary of the hong kong handover Police Arrested more than 300 people beijing critics believe the law is meant to quash dissent. It covers nonviolent as well as violent activities, threatens life in prison and suggests tough cases be extradited to Mainland China most surprising, the law applies to anyone anywhere, including people who dont live in Hong Kong Chinese officials, though, say beijing exercised restraint with this law since its not retroactive. Separately, china ordered four American News organizations, a. P. , npr, upi and cbs news to submit detailed information about their chinabased operations to the government by next tuesday the latest twist in the u. S. china dispute tensions rising for sure. So is china risk back in play as we head into the second half of the year tim, we turn to you. We always know youre an ambassador in a previous iteration of fast money. It is worrisome underlining this is the 23rd anniversary year of the handover of hong kong from the british. Its not lost, the irony there this is an aggressive crackdown. This is a sad day. Its a very sad day. I have a lot of friends who have worked out there and done business a lot of folks have left that city over the last year. If you look at the fxi which is the etf that is the hong kong traded chinese mega cap stock, that includes state funded banks, thats actually about to break out through the 200 day. If you look at i midteemerging s theyve been struggling and underperforming. Looking at some of the news flow, a downward trend and breakout time. I think this is not going away i think its a sad day whether that has an impact on active prices for emerging market stocks, especially those traded in china, im of the view that the mega cap tech stocks in china continue to go higher with those in the u. S. Around around the world. That trade is not getting derailed and theres a lot of liquidity in all parts of the world but in the local markets in china as well. Lets talk more about these rising risks with china. Joining us is a former senior china policy analyst for the department of defense. This is a big deal hong kong has been a trade center around the world for so many years does now this action bychina cast into doubt hong kongs viebl viability as a Commerce Center for east asia . Thank you for having me thank you for the question i think the geopolitical risk of doing business in hong kong has increased exponentially with the passage of the National Security law. I think companies are going to have to ask themselves what are the risks and the rewards to staying and do we have a contingency plan to move to somewhere like singapore i agree this is a longterm issue. We have now hong kong being added to a list of other irritants to the u. S. china relationship the trade war, of course, we know about 5g and the tech war. Now with the passage of the National Security act as well as the u. S. Congresss passing of hong kong rights and democracy act which requires an annual report on whether or not hong kong has maintained its freedoms means this is going to be with us for a while so if i were sitting in the c sweets, i wou suites, i would really start to assess what are my geopolitical risks to remaining in hong kong. I will say as the reporter said to us on the ground the expansiveness of this particular law gives great concern to many of us. As we understand it, residents, nonresidents, you can even trigger a violation from a city here in your home in america i think its something to Pay Attention to i dont know that theyre prepared to pull the parachute just yet but i can promise you if you have any interest in hong kong you are looking at how to eliminate your geopolitical risk. There are policy makers on both sides of the pacific who are trying to say, hey, calmer heads will prevail, lets work through this lets talk about the black swan type risk. Lets say that china says, you know what, were just going to take it over, it belongs to us anyway, were just going to make it part of china, its no longer a special Administrative Region with its one government two Systems Approach does china have leverage to take away the Commerce Center that is hong kong just like that in this kind of a world today . Certainly they have the leverage and the legal right to do so. Or as weve seen with the National Security law, they will just pass a law that gives them that right having the ability to do it and incentive to do it are two Different Things hong kong despite all the disruption weve seen is still extremely important to chinas development. China had a big plan for the Greater Bay Development region which would link cities. This disruption in hong kong certainly poses risks to chinas Development Plan hong kong is also the finance center through a lot of the belt and Road Initiative that the chinese were looking to unveil over the next couple of years. I dont believe that a pure takeover of hong kong, meaning po boots on the streets, military equipment, what we constantly conjure up when we think about te Tiananmen Square is going to happen here in hong kong that doesnt give us much in the way of solace but i dont think were going to see an armed takeover of hong kong. But i dont think you need to do that we would have to understand that the world would have to respond if you did see tanks in the street in hong kong as well. Lets trade this, folks. He brings up some pretty dire possible scenarios dan nathan, i saw you nodding quite a bit during some of those discussions we were just having right now. Is this a scenario where the big banks of the world, the ones that we all know of that have a presence there, do they have to rethink whats going on given chinas reassertion of force in that particular region no doubt about it i think we also have to rethink who the new ambassador is on fast money. I thi that was pretty succinct about whats going on there. Ill just make one point about it when you think about whats going on with your markets, what is one of the potential big headwinds is we are in a cold war with china right now how are we going to react to some of the human rights abuses going on there thats really a big question and how does that affect our trade situation with china and what does that do to Global Growth at a timeout where its really important that we remove every impediment to Global Growth so i honestly think this is something really important for investors to keep an eye on. Your guess is as good as mine. I dont think its going to turn into a hot war, but its going to be cool for a while until we see who the president of the United States is in mid november so karen, i would like to turn to you here were speaking about hong kong in the greater context of the u. S. Relationship with china but in many ways that relationship with hong kong is the tip of the iceberg there are also headlines coming out with regard to human rights, alleged Human Rights Violations well call them, with Uyghur Muslims in the region, other Human Rights Violations as well. This is not the first time the u. S. Will have to stand up to something thats coming out of china. Its not just hong kong, is it no. Its not you brought the uyghurs and the trade deal for trump, hes walking a very high tight rope in that he really wants to show how hard he is on china, what a hard line he would hold and, you know, sort of point out thats one of his strengths. On the other hand, he is definitely focused on what the market is doing. You know, we got a tiny glimpse of it a weekor two ago when navarro said something that was sort of off message abo the first part of the trade deal was falling apart and the market was down 3 and within minutes they were like, no, no, everythings fine. I dont know which of those things weighs more, his wanting to be a hard liner or if he cares more about the market. My guess is he cares more about the market and that will dictate policy but i dont know. It is a question mark out there. It is an Election Year after all. Folks, we have some breaking news out of washington, d. C. Reporter the house of representatives has unanimously passed a bill that would extend the Application Window for the Small Business administrations Paycheck Protection Program from yesterday evening at midnight to august 8th that puts it about nine days after those expanded Unemployment Insurance benefits are set to run out, which would allow many more businesses if they have not yet applied for ppp to apply for their first ppp loan with the 134 billion that is left and also try to get more workers back on their payroll as that Unemployment Insurance begins to run out in late july this is a significant development. We heard the idea that the money left over would be repurposed for harder hit businesses in the next go round. At least lawmakers at this point want to give more businesses an opportunity to get a bite at the apple since there is money left and there is no fourth stimulus bill that has yet been negotiated fiscal stimulus front and center for many out there. Beyond meat is at it again, this time securing a new partnership sending their shares sizzling to the upside first, options traders are an annuity can help your Retirement Plan ride out turbulent times. Learn more at protectedincome. Org. This name. Phil joining us from chicago with the details on how healthy the auto market is. We knew they would be ugly numbers. You had most of the industry shut down anywhere between six and eight weeks. What were talking about here are the sales from manufacturing plant to the dealerships now were talking about this is not you and i going out to dealerships. Look at these numbers. Nissan down halmost 50 in the Second Quarter in terms of general motors, we should point out that the retail sales for gm are the ones that really did a little bit better than expected, down just 24 fleet market, rental car companies, government agencies, theyre dead right now thats not just gm thats with everybody. This is what were looking at in terms of annual sales. The estimate for the full year has been 15. 5 million. For the Second Quarter the estimate is going to be closer to a pace of 13. 3 million vehicles one auto maker we have not heard from yet is ford we will get those numbers tomorrow morning when you look at ford, keep in mind that much like gm and fiat, chrysler, really all the auto makers were shut down about six or seven weeks dont expect great numbers from them as well we appreciate the update. Karen, what exactly do you make of the numbers phil points it out very well we knew they were going to be bad. Was this more or less bad in your mind than what you thought it would be . Right we knew they were going to be bad and they dhielivered on that promise. I dont know that it was any much worse than i expected i own gm, which has been terrible this year there were a few bright spots for them and some others the truck business is still a really Good Business high margin. When youre shut down and you have those kind of fixed costs to absorb, the earnings are going to be terrible im sort of more optimistic that there will be a rebound. I do think there is a post covid story of people not wanting to take public transportation, wanting their own cars for me, gm has not worked and they suspended their dividend which was the right thing to do, but i am still long. Its sort of my pain trade, i guess. We just showed a board of the intraday actions today they were all down guy, any of those companies that resonate with you right now that youd want to own . No, in a word the stock market is within a whisper of an alltime high effectively. Gm in a decade where its never been a better environment, the stock couldnt get out of its own way. Same thing with ford i dont find any compelling reasons to own the stocks. Car max is fascinating topped out at 103 in february, traded down 37 in a Straight Line and went right back to 103. You have a huge double top youre looking for an opportunity to buy this stock. Thats where you want to look in names like this. Thats where the beta is and the upside i still think theres a little more to the downside in car max but kmx should be on everybodys radar. It was a big day for tesla, which stock hit an alltime high it actually overtook toyota as the Worlds Largest automaker by market value options traders are betting on bigger gains ahead for the electric vehicle maker this thing has been on a tear. Statistically its in rarified air with the stock move. It cannot keep going higher, or can it its extraordinary. I think actually thats really what options traders are taking a look at. Its hard to reachout and buy the stock at these elevated levels obviously momentum is on its side that might be one of the reasons we saw calls outpaced by 21 on above average volume today most of that activity is concentrated in very short dated call buying, specifically the most active options with a weekly 1200 calls. They actually expire only tomorrow buyers bought over 40,000 of those and spent 3. 50. Thats a very small fraction of the stock price. I would point out for those making these kinds of bets that the option market is implying a relatively low probability bet as well. Right now the market is implying about an 8 chance that the stock somehow manages to reach new highs tomorrow and exceed that 1200 price weve got some breaking news on mcdonalds. Yet another Major Company reversing plans to reopen. This time its mcdonalds. It is pausing the reopening of Dinein Service in the u. S the company says it will wait three weeks before any new u. S. Restaurants can add Dinein Service to its menu. Mcdonalds operators had started to reopen in some places as early as may offering limited Dinein Service. Around 2200 of its 14,000 u. S. Restaurants do allow customers to eat their meals inside. According to this press release, the company is stating that Restaurant Owners that did already begin offering Dinein Service can continue if their jurisdiction allows that this comes as at least five states in the country are seeing spikes in coronavirus, some even seeing records of course this hurts most the Restaurant Operators who have already been under pressure since coronavirus struck again it is pausing the reopening of Dinein Service its going to wait three weeks to reassess. If mcdonald locations had already been opened and they are still allowed to do so, you can see mcdonalds down almost 1 in extended trading. Tim seymour, maybe not out of the realm of reason. We have a lot of chatter and talk these days from jurisdictions across the country about pausing Indoor Dining including california and new york mcdonalds, any restaurant company, still too much uncertainty or do you want to get in at this point i think mcdonalds has proven that a lot of restaurant companies, chipotle being the top of the list, have been rewarded during this period, almost given a multiple enhancement on their ability for delivery and that type of growth to the business. Mcdonalds is probably one of the great beneficiaries because their ability to push their Delivery Business and just some of the kiosk and some of the takeout thats more along the digital line and the Loyalty Program is part of what mcdonalds has been rerating for for the previous two years i think the fact that mcdonalds is not necessarily an eatin story anyway, i think this isnt a huge hit to mcdonalds the stock has been trading between 175 and 185 and i think youre range bound this news isnt going to break the bottom of that range unless the overall markets break it i think were stalled. It has been somewhat of an underperformer guy adami, is the golden arches still golden in your mind right now . Yeah. I mean, its down 18 from last august when it made an alltime high of 220ish. Here we are at 180 its clearly underperformed as opposed to a cmg which is within a whisper of an alltime high. Weve talked about cmg for a while. Ill give you the Second Derivative trade you buy whoever makes those air depression fresheners for the car if youve ever eaten mcdonalds with the windows up. I have used mcdonalds a number of times. I use that Curbside Service where you park in the numbered stall and they bring you out your food, the fries never make it home for me its interesting. Guy, thank you very much. Coming up, a payment pop thats what were going to call it square shares soaring on a big upgrade. Well tell you howtraders are well tell you howtraders are trading that name when fast 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. Money returns after this. 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. Weall around the world. Ally tough time right now, and covid19 is still impacting so many people. If youve survived it, then youre the heroes we need. The plasma thats in your blood can literally save lives. But we have to act fast. So please donate. You fought for your life. Now, lets Work Together to take down covid19 to donate plasma go to thefightisinus. Org we are just minutes away from a huge night on mad money. The ceos of general mills, concentration brands, Williams Sonoma all joining jim cramer tonight at 6 00 p. M. 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. Now is the time to support the places you love. Spend 10 dollars or more at a participating Small Business and get 5 dollars back, up to 10 times with American Express. Enroll now at shopsmall. Com. Welcome to fast money. Check out shares of squares surging. Time to square up and buy the name dan nathan, we will go to you. It is hot its fantastic theyre changing the way commerce is done this stock sold off 50 in march and its risen about 200 since lows in march. I think more that investors need to chill out here a little bit this company has twothirds of the market cap of American Express but its down about 25 of the year. This stock is up 80 of the year trading about 11 times sales this is not how you make money longterm buying stocks up 200 in the middle of the deepest recession in 100 years and one of the most difficult pandemics or Health Crises weve seen in decades. One word answer, dan nathan, paypal or square, which one . I like square longer term. One word. Coming up next we have final trade. Welcome back final trades, rapid fire edition. Tim, you first buying starbucks. Dan nathan . Sell xle. Karen finerman . Gap. Guy adami, to you 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 but teach call me at 800743cnbc or tweet me at jim cramer whats the difference between a speculative stock and a blue chip stock in the age of covid the whol