Not to pursue the spinoff of the shares, roughly 15 of alibaba that it owns into a separate company. That of course is is spinoff thats been planned for the last nine months. Announced early last year. And expected to have taken place early next year. Not going to happen. In fact, now sources familiar with the situation tell me the board has directed the company to examine a spinoff of its core business likely to also include its stake in yahoo japan. A socalled almost reverse spin which would have the effect of leaving the alibaba stake in place. And make sure that all of it would be well, that would be tax free. There would be tax on the spin of yahoo as core business. But it would not be near the potential tax bill that the company faced if its spinoff of the alibaba stake was not deemed to be tax free. And that was the key consideration here for a board here that had firmly adhered to moving ahead with that spin. In recent weeks the number of shareholders had come forward and communicated with management, the board about their fears that the irs would challenge the tax free nature of that spin of alibaba shares and even if they were to prevail eventually, the spinoff would have actually traded at to the underlying value of the shares would have been so significant, such a large discount, that it wouldnt have been worth pursuing it anyway. The board eventually agreeing with that position and again deciding we are no longer going to pursue the spin of the alibaba shares into a separate company. Instead we are now looking closely and will examine a spinoff of yahoos core business. Along most likely the stake in yahoo japan. A big reversal, of course, for the company. And one that also leaves it in something of a limbo, if you will, given how long it will take should they decide to move forward with the spin core of yahoo. Could take as long as a year or more raising questions of the viability of that business, ability to attract new talent to a company that is certainly in a great deal of transition, almost, if you will tumult. How does this make yahoos board and Marissa Mayer look given theyre basically back peddling on this . Until shareholders said you should reexamine this given the tax implications. Obviously it doesnt look particularly good. In their defense, i will say that theres been some communication from the irs, one of the key people who deals with this very issue. It seems to have heightened at least the view of risk, if you will, amongst some shareholders. And its simply that view of risk that i think many eventually came to understand would give that big discount to the alibaba shares. Perhaps something that was not appreciated by the board originally. Their accountants or their lawyers fully believe that it would be a taxfree spin and they, you know, have testified to such in their conversations and their advice to yahoo. But me lmelissa they eventually decided its not worth it at this point. It doesnt look good when youre pursuing one course for quite some time then decide to pursue a different course. The same shareholders were saying do this, then do that. Namely led by star board which is amongst its largest shareholders. David, its karen. So that raises the question of star board and other activists. What do you think they do now . They give them time to pursue the chance of a sale of the core business . Or do they do something aggressive in the shorter term . I think they probably for now stand pat. I think there was certainly the chance of a proxy fight come the spring, karen. You know, when theyre up for that. And the chance that starboard would nominate theres jeff smith there of course who leads that firm. Probably now theyre happier. This is what they wanted. I think the real hope is that you can create value in a shorter time frame by perhaps attracting a potential buyer of those assets and maybe even structure some sort of a deal quickly. Even though it will take quite some time to close. Perhaps thats the best outcome they can hope for. Ill leave it to you guys and the experts to figure out what all this is worth. Or whether you get to a much higher stock price on terms of what the multiple would be. And whether thats going to eventually result in a far higher stock price. Thats the hope of guys like jeff smith and other shareholders. For now i think theyve got to be at least pleased that the board listened to them. Okay. David, thank you. David faber breaking that story for us just a half an hour ago. What does this mean if youre a shareholder of yahoo i am. Are you happy about this . Again, it was about a pause here. It was about waiting to see there are better options, a spinout of the core business one with enough time to develop and incubate this concept. People think there are not only private equity firms but strategics. Verizon, disney, you name it, at t. These people are at least trying to attach to a strategic interest in this. That could also bring more value. The discount is something that not very interesting. And finally if baba themselves want to take yahoo out, theyd prefer a cleaner vehicle and a cleaner company to do it. So spin out the core. This is positive news. Two ways you can go as most stocks are. Its always binary. Youve not been paid to weigh in on this. So you can say that this is ask more questions than answered. Thats the negative side of it. To me the Positive Side of it is it makes it a cleaner takeout target as tim said. Maybe it is a verizon takeout target. Now that aol is there, there was always that speculation that maybe an aol yahoo deal was there as well. It may be more likely for me. Could be a cleaner deal. Down 31 . I dont own it but i could see the risks and the upside from here. You look in the afterhours, this was up significantly higher than it is right now. Looking at the core assets, we were talking about that today on the hal halftime report. He sounded very interested. But what is this worth . I mean, were all saying i saw the graphic up there. 6 to 8 billion. How do we know that . Especially because people werent giving it that 6 to 8 billion valuation before all this. Thats right. Because they didnt know if there was any interest. Now after today i dont know what the level is. I cant tell you 6 billion to 8 billion, that sounds high to me quite frankly. The ceo of verizon sounded big. He talked about the fact this is a tech company on top of it. I think the bigger issue as david pointed out is the company may be worth 6 billion to 8 billion now, but how long it takes to reposition the company to do this, we dont know whats going to happen to their core users. How much thats going to deteriorate. We dont know how much of that valuation is going to still be there when the company is structured properly in order for it to be sold. And is that taxed . Yeah, its fully taxed. I just think its laughable that people are now willing to attach serious value to a stub that people were not giving any value to. Thats for someone whos been long the stock and trying to defend why some of the parts at least made me feel comfortable. Some of the parts, this wasnt something anybody was given any value to. Now were talking about 6 to 8 billion. A lot of people sniffing around, where were you yesterday when we were having this conversation. Lets bring in bob on the fast line. Bob, im going to pick up on what we were talking about. Why all of a sudden is this thing worth the 6 billion to 8 billion when folks like you on the street assigned no value to this company . First of all, thanks for having me. I think this is a positive and defining moment for the company, first of all. Its showing they can adapt to new information. And that new information or material adverse change was the irs changing its opinion or not giving the blessing on the deal. Seeing them adapt to that is great. Also the responsibility and duty here. And they want to optimize structure and maximize value. The way the stock trades right now, its giving zero value for the course. They actually look to sell off this asset. This has over 800 million of ebida. Also some ppe as well. They also have some that arent in the ebida. Like tumblr. Thats worth something. When you put all those pieces together and thats the way i think you need to look ate pipt this is a sum of parts for the core. You get to the 6 billion, 8 billion range weve put out there. So youre basically assigning the core business zero. And now youre when you actually break it down, youre saying its worth 6 billion to 8 billion. So magically overnight people will say it is worth that much even though it wasnt valued at 6 billion no 8 billion. The difference there is it appeared there because there was this implied tax risk on the alibaba shares or abaco spin. You could say the core is worth this 6 billion to 8 billion, what was the line it was going to trade at . I think david talked about that and said there is going to be a discount there for so long, a good three or four years, that it would hamper what youre tried to do. So it shows you what the street was thinking on taxes. What happens to Marissa Mayer at this point . Thats a great question. Ultimately it depends who the buyer is of the core if they sell it. If they sold it to someone like a verizon. They already have a Tim Armstrong there. They probably would have their own Turnaround Management team. Really more of a function if they sell the core and ultimately who that buyer is. How much time do they have in order to do this, bob . Given the deterioration in the core user base . I think they need to move relatively quickly. Since shes been running the company, revenues are down 15 or so. Ebida is down north of 60 or so. It is tough to hire and maintain talent there when youre having this turnaround problem. You want to run a smooth, quick process here. Even if its something as simple as the core at set. Maybe the most tax efficient way forward. Thanks for phoning in. Thank you. Pete, what do you do now . Well, i think to tims point, obviously now everybody is going to start attaching some kind of a value. Rather than that zero number that was there before. Certainly they start to price something in. Whether thats 6 billion no 8 billion,time not sure its quite that much. But theres some number they will say thats what these are worth. You sell here . No. You dont sell. The whole reason i was holding this stock was the fully taxed thats the baba stake, the core, still leaves me probably 2 bucks of upside or 6 or 7 at this level. If you get some efficiency and the spin of the core fully taxed with the structure and the ability to figure out how to get more value from the stub for baba i think is probably a 45 stock. Sell the stock, buy the upside call. That way youve taken some risk off the table. Too complicated for me. Up next, Morgan Stanley slashing 1200 jobs. Could it be the start of more pain for financials . We all know about the pain in oil, but there was another group of stocks that tanked today. That could be telling a much graver story for the rally. Well tell you what they are. And later, yield of dreams. We have the top dow stocks positive on the year. When fast money returns. And can you explain why you recommend synthetic over cedar . Super food . Is that a real thing . Its a great school, but is it the right one for her . Is this really any better than the one you got last year . If we consolidate suppliers, whats the savings there . So should we go with the 467 horsepower . Or is a 423 enough . Good question. You ask a lot of good questions. I think we should move you into our new fund. Sure. Ok. But are you asking enough about how your wealth is managed . Wealth management at charles schwab. But the more you learn aboutnd your coverage,t. The more gaps you might find. Like how you thought you were covered for all this. When youre really only covered for this. Hot dog . Or how you may think youre covered for this. But not for this. Whoa no, no, oh , oh . Or this. Or this. Or that. Talk to farmers and see what gaps could be hiding in your coverage. My heaven we are farmers bum pa dum. Bum bum bum bum what weve seen over the last couple of years is saudi arabia has increased their production. We have the miracle of hydraulic manufacturing has expanded in the u. S. We have iran growing production, iraq growing production. And weve as an industry, were producing more than market is demanding. China has slowed down a little bit. We have got a slide in balance and demand and its going to take time to work that off. That was the ceo of jechevro. So if the price of Oil Continues to dropping with companies could survive oil at 20 bucks a barrel. We kick it off with measuring acmaran. Dead or alive . Dead. The whole game were playing is 20 oil. At 20 oil, you look at whos leveraged and whos not. Originally i was assigned exxonmobil. You look at freeport right now, theyve got 20plus billion dollars in debt. Little cost pl all of that debt coming from when they made the huge acquisition to get themselves positioned in energy virtually at the top. But its also a major copper company. It absolutely is. But look at their debt that theyve got on the sheets. Copper company or not, unless they decide to rip this whole thing apart which is a possibility, i look at this company and by the way, the option activity in there for the last six months, buying downside puts and theyve rolled all the way to the february 6 puts now. Huge. And if oils going to 20, chance is copper is going lower. Cant argue with that. Up next, transocean. Dead or alive at 20 . At 20, begs the question of 20 for how long. Forget going into that, i think it survives. I think they have a big backlog and the question isnt so much where its oil. Its the credit worthiness of the backlog. And theyve been buying back some of their debt. They do have some cash. They do have maturities that arent huge in the near term. Next up, eog, dead or alive . Alive. Oil was trading around 19, 20 kbuks. Eog was trading 6 to 9. Its going to take more money to keep up with what theyre doing now. Theyll figure out some ways to look a lot different. Survives swn, crk, they die. In a role even at 50 oil, its one of the healthier guys. No question about it. But at 20 oil, what are they figuring out . Best acreage in the space. I think figuring it out is being able to roll their debt. Theyre going to figure it out. They could sell it. Meanwhile, it could be a lot. Theyll be more demanding. Unless you move it out. You need to see major bankruptcies. I think they are better positioned if youre going to dabble in that space. If we see oil stay where its at right now, theyre all in trouble anyway. We dont need 20 oil. Next up, a Little Something different here. Eem, the emerging markets etf. It makes sense to answer that question. Okay, people. 70 of emerging markets are net importers of oil. And this is a good time for all of them. Out today watching for the perfect storm in emerging markets. And what theyre talking about is the commodity collapse. So this isnt about brazil and venezuela and parts of the middle east. But if you think about whats going on in asia, theres a lot of places. So theyre going to live. Alive. Sorry, alive. Trying to play the game. Coming up, check out shares i was wondering if you were going to i needed that. Shares of Kinder Morgan falling. Well explain. Im melissa lee. Youre watching fast money here on cnbc. Meantime, heres what else is coming up on fast. Shhh. Be very very quiet. Im hunting for yield. And we found the best sympttock on the year. How to get in the cash stream. Plus, would you eat a burrito from chipotle . We ask that to the people of times square. The answer might just surprise you. All that and more ahead on fast. Milies share data. Some way to say happy holidays. Switch to tmobile now and get up to 4 lines with up to 6gb each. Just 30 bucks a line, thats 6gb each plus unlimited video streaming with binge on™. Stream netlfix, hbo now , hulu and more without using your data. And now unwrap the Samsung Galaxy s6 for 0 upfront and just 10 bucks a month. This year tear into the holidays with tmobile. Welcome back to fast money. Check out whats happening here with shares of hertz, the car rental giant. Up by about 2. 5 on 81,000 shares worth of volume. This on headlines and a regulatory filing that says activist carl icahn has boosted his stake in hertz to a little over 14 . Prior to that this stake was a little over 11 . Again boosting his stake in hertz. And the shares reacting in kind. Those shares down by about 45 year to date going into today. Also this comes on the heels of another disclosure from activist Hedge Fund Jana Partners saying they had sold off a good chunk of their position, nearly around half of it since probably the middle of the summer. Down to around a 4. 8 position. As Jana Partners has been pairing their positions in hertz, icahn now says hes boosted his. Icahn now the top shareholder in the car rental giant. Back over to you guys. Thank you, dom chu. Karen, who would you follow . Barry or carl . Right. Because they have actually been selling one directly and one to the other. Exactly. I guess at this level, carl. I mean, the stocks really been hurt a lot. If you believe in the consolidation of the car rental business and the ability for car margin improvement, i would follow carl. But the industrys dead. We talked about this before. Why . I think the rental car business is largely dead. I think theres major disruption in it. I dont think people need to rent cars in the same way they used to. Whats the disruption . Uber . Doesnt it own zip car . I dont know. But ultimately were at a place you dont need to rent a car in the way you used to. But the conversation we had is whether someones lost some of the magic here. And chasing industries that may be just because a stocks down doesnt mean its a great time to increase the stake and try to activate change. Yeah. I think the car space to piggyback on tim, the car space is challenged. Obviously the whole sector, the whole space is has its own battles. But when you see these activists jump zboo into a stock in afterhours prints, its better to be selling that pop than actually buying that. And the margins are going to get crushed as the business changes. Even if they have chair own, its not as good on avis owns zip car. It doesnt preclude the companies from trying to reinvent their business. And ive never been a huge advocate of lets follow the money the way its coming in there right now. In particular as the big guy is getting out and another getting in, carl lately seems like hes been late to parties. Or too early. Or too early, rather. Too early trying to jump in and trying to catch this falling knife. This feels like another one of those situations right now. I dont know that todays low is the lowest level well see this year. All right. Morgan stanley kicks off top trades tonight. Plans to cut 1200 jobs or 2 of the global workforce. Taking a severance charge. They will reduce 450 positions in fixed commodities and currency businesses. So its not all about the charge or the saving money. Its about the idea, all right, theres less business to do. And its profitable business. Also from jpmorgan about the markets that would affect Morgan Stanley as well. You got a Brokerage Firm thats going to be down as well. Yeah. And down more in the broader market. I think the financials have really come under a lot of pressure at a time when theyve gone sideways and the pgs kps that people were making this a one cell trade. It was all about rising interest rates. What i think is interesting about Morgan Stanley, theres a lot of information about cutting positions and cutting thick positions last week. And it was actually applauded by the market. Ultimately i think what karen is saying that, look, Morgan Stanley has outperformed on some level because this turned itself into a Wealth Management business. If thats what you believe this is all about, you have to also believe that the Wealth Management business is going to be as great in the next six years as the last six. Still ahead, how does apples new battery case stack up to the competition . And what about the rumor its lost its design mojo. Plus would you eat at chipotle . The answer could have a big implication on stock free fall. All that when fast money returns. Nobody move get on the floor do something oh im not a security guard, im a security monitor. I only notify people if there is a robbery. Theres a robbery. Why monitor a problem if you dont fix it . Thats why lifelock does more than free credit monitoring to protect you from identity theft. We not only alert you to identity threats, if you have a problem, well spend up to a Million Dollars on lawyers and experts to fix it. Lifelock. Join starting at 9. 99 a month. Welcome back to fast money. The dow and s p saw red for the second straight day. The s p 500 fell nearly 1 . Meanwhile shares of yahoo spiking afterhours following word it will not spin off its alibaba stake. A burrito blowout. The fallout from fast food chains e. Coli outbreak continues to grow. Weve got a special report. Plus its been a tough year for emerging markets. But some sense a turnaround in one sector. But first with dividends in doubt on many big oil names are there other names that are worth chasing if youre looking for income . Dom chu is back at headquarters with more. Melissa, we weeded out all of those big oil names and took a look at some of the large cap blue chip stocks that have heavier dividend payments. Have also been positive performers. Heres what we came up with. Among the stocks, pfizer has the highest yield. Thats close to around 3. 5 . Its gained about 4. 5 on a year to date basis so far. Theres cocacola eking out a small gain in 2015. It carries a yield over 3 . The next two are interesting here. Theyre not only heftier dividend yielders but best performing stocks of the dow so far. Its mcdonalds and general electric. Both yielding around the 3. 1 mark. And both are up by about 20 so far just in 2015. So for the traders and investors out there who may be on the hunt on where to put some money to work, they may want to look at some of these stocks. They are dividend payers but high yielders despite the fact theyve gone up in value. Their yield isnt high just because theyve been crushed in terms of their overall stock performance, guys. Back over to you. Thank you, dom. So are any of these names a buy or where would you go for your yield of dreams, tim . Im very much enjoying the yield of dreams at mcdonalds. I think theres a couple reasons for it. Not just only are they going with a new menu, but theyre catching on with the times. They are doing things to the menu. Theyre going to triple their buybacks. If you read a number of analysts on the street, theyre anticipating this is a company that not only are you getting a yield benefit, but an implied boost. U. S. Comps are going to be better. Turn the business around. I like it. I think it is a great place to sit. Great place within the value of the space. Grasso, your pick . Well, im going to talk about coke at this point. So coke for me a flat on year. Its up 2 . Yields about 3 . But if you go to staples, it yields about 2. 5 . Thats up about 6 year to date. But if you drill down one more deep in the xlp, you get altria. So for me i know its about coke, but im going to play my own game and play would you rather. Ive never seen this coming before. [ overlapping speakers ] yields 3. 8 . That was like five pivots in one sentence. And i did it seamlessly. Never seen that done. And you did a would you rather too. Where am i . Karen and pfizer, what do you think . Yeah. I guess im going to go with pfizer in terms of valuation. Its the cheapest. And the offchance or maybe guy with an auto company now. Why not go with ford . Because youre steve grasso. Sorry. All right. Just two go into non sesecular. I dont think its cheap here. You have a nice dividend. Maybe have a bunch of cash, you could see a return to investors. Im going to ge. Nice to go straight up. Im going to tell you. Dont ever pick anything just for the dividend yield nap is the last thing youll ever look for when youre looking at companies. But it is an important one. But its the very last thing. When you look at ge, the reason i like this stock and ive been in this stock for some time now, is they have finally decided what they are. That is morphing themselves back into what they should be, an industrial company. They shed a lot of assets. And now theyre clicking and i think in the next couple of years well see the kind of growth that nelson peltz sees out there. Theyre talking about this being a 50 stock. Im in for the ride with him and im getting 3 . Hows that . Giddy up. Dont be jelly, grasso. Lets move to Kinder Morgan. They planned to slash dividend. This as Kinder Morgan has fallen more than 40 in the last month alone. Could there be more pain to come . Larry macdonald joins us with more. Larry, good to have you with us. The dividend went from 51 cents to 12. 5 cents paid quarterly. Is this going to be enough given what youre sighing in Kinder Morgan bonds . I think so. This will give the bonds a nice bounce here. Whats happening kbbehind the scenes is youve got the bondholders versus the stockholders. The bondholders have been lobbying the cfo, cut the dividend. The bondholders won this time. In terms of your thoughts on Kinder Morgan when youve taken apart debt to equity, whats your sense about this company . Is it just buying itself a little bit of time. What happens ultimately in your view . We dont cover Kinder Morgan, per se. But i look at it from a credit perspective. I look at it in the market in terms if its a big name. And the equity components, think of a pie. A lot of investors right now at home have been chasing yield. So its important. You look at the company as a pie. In other words, 40 to 42 of the company is equity and 60 is debt. If youre at home looking at finance, youre missing 60 of the story. But net net net, thats not a stress situation. So its an investment credit thats crossing over potentially losing its Investment Grade name. But its not stressed. Let me ask you something. If youre a debt investor, would you rather see something cut the dividend like they did here . Obviously youd rather see them save as much money as you can. In this announcement, can you expect them to possibly have to cut again . Or do you think theyve done enough . A lot of times, karen, companies that are in these situations bleed out the truth. They fight, fight, fight the different investors out there, the people behind the scenes lobbying the cfo and the ceo. So chances are in these cases a lot of times theres another dividend cut. We dont know whats going to happen here. But in these situations typically theres a bleedout of the truth. What happens with chesapeake . I mean, chesapeake and Kinder Morgan are in the same situation where the stock continues to go lower. The bonds are trading terribly at this point. Whap are their options . What does your analysis lead you to . You know, credit has been leading equities. Credit has been leading equities all year especially in the energy space. Especially in the case of chesapeake, the bonds have been weak for a long period of time. But once again, in this case youve got real stress. So if you think of the pie, 80 to 85 of the pie is debt. And the equity component is 10 to 15 . So its a highly lempbled situation. The bondholders are driving the bust. Theyre going to tell theyre going to have higher demands. Thats going to put more issue on equity. Its a very stressed situation. The type of things that happen on the way to default. Larry, thank you. Thanks. Larry mcdonald. Would anybody buy these bonds . No. I mean, i dont think yet. Youre in a place also in kmis case, they announced a budget that was going to free up a lot of free cash flow. That was before they announced this dividend cut. Basically to hold on. This is about holding onto an Investment Grade rating. Thats what they have to do to be able to make these bonds you have probably seen them start to gap as larry said. Thats what this comes down to. But ultimately, wheres the price of oil . Back to our 20. And thats where you have to trade this. Stock and the bond. How do you work that out . Would you not touch either . If i had to do something it would be Kinder Morgan bonds. There is a lot of equity there. There is stuff they could do. They could issue equity at this price. Right . It would be terrible. They wouldnt want to do it. But they could do it. And that would help the capital structure a lot. I dont think Kinder Morgan ends up going. The bonds youll get part. Coming up, apple releasing a new battery pack for the iphone but does the process stack up . Plus is chipotles brand in trouble as the Health Problems continue to build . We go to new york for a fast money report. Right after this. Pipes are. So i use quickbooks and run my entire business from the cloud. I keep an eye on sales and expenses from anywhere. Even down here in the dark i can still see were having a great month. And celebrate accordingly. I run on quickbooks. Thats how i own it. Welcome back to fast money. Wynn resorts up by about 10. 5 on 200,000 shares of afterhours volume. The Company Announced that steve wynn had bought about 1 millionplus shares of wynn resorts between december 4th and december 8th. Following these purchases, mr. Wynn now directly or indirectly owns over 11 million shares. At least steve wynn making a bet on his stock here. Remember those shares down by close to around 60 here year to date. So a big downside move year to date. It looks like steve wynn may be trying to capitalize on that down trading. Pete najarian, you buy along with steve wynn . I think you do. Weve seen this in the past when he stepped up. There was march call buying a couple of weeks ago in this thing. We were all looking at exactly where it was. I think youre not late now even if you start to move up 10 . Youre piggybacking on the guy already. Different situation. This is a guy whos inside and buying his own stock. Still averaging for himself. Could be. But he also sold up in the 150s before too. 80 students are sick after eating at chipotle. Will it ruin their brand . We sent our own tim seymour out on the streets of new york to find out. Im tim seymour for fast money here in times square trying to figure out just how many people are avoiding chipotle. Do you eat at chipotle . I absolutely do. Why is that . Fresh ingredients. What do you know about their burritos . Its healthy. Were asking what you know about the recent health scare that may be affecting the company . I asked them is everything clear when i walked in there. She didnt know what i was talking about. What have you heard about chipotle lately . Ive heard its tainted in nine states. Thats disturbing to me. Based on this news, would you walk in there and buy a burrito . Of course not. No. Yes. Im actually going to wait and watch so much headlines. Not right now. I would. I would eat a chipotle burrito. So were going to go eat one right now. Would you do that . I would do that. I think its safe. I hope its safe. Its amazing that there were still people out there who say it doesnt bother me. Yeah. Whats interesting, i thought that there was a lot of brand loyalty though. People said you know what, there were people that didnt know about the news and said im not going back. Youve got small children. Would you feed them chipotle . No. And whats shocking is how many people didnt know about the news. Maybe thats why sales wouldnt be affected. Thats more shocking to me. Thats probably a bullish call on it. But i wouldnt buy the stock and i wouldnt buy the meal. I need some clarity. Remember, steve hes a germaphobe. He is. A fairly normal person concerned about germs but not a germaphobe, karen . No, i actually wouldnt. Im not die hard enough. They said they dont know where the source is yet. Right. They have no idea. Although it sounds to me the more ive read and followed this whole thing as times gone on is supplier issues. Thats something and concerning. But when you hear the people talking and tims talking to various people, people say i eat there because its healthy. That fat content i just happen to have a burrito here. Surprise. Its been sitting back here. Whos going to eat that . So i put it out to you, who wants to eat this burrito . Tim. You want to take a bite . Give me that thing. Im not afraid. Give it to mikey, he likes everything. Remember that life commercial . Ill eat this. Where did this come from . Didnt come from boston did it . My desk. Came from your desk. It was before the whole scare. Its only been sitting there a couple days. But otherwise its fresh. And well see if tim makes it to the show tomorrow. Outstanding, huh . I like it. Im going to finish this. All yours. Nobody else here wants it. John wants it. Still ahead, apple out with a new product to beef up the battery life of its iphone. But did it miss the mark again . All the details after the break. Plus well explain why traders are betting on a major boom in brazil. Its a special options action after this break. Youre watching fast money on cnbc, first in business worldwide. Its hard to find time to keep up on my shows. Thats why i switched from uverse to xfinity. Now i can download my dvr recordings and take them anywhere. Ready or not, here i come whispers now hideandseek time can also be catchuponmyshows time. Here i come cant find you anywhere dont settle for uverse. X1 from xfinity will change the way you experience tv. Here at td ameritrade, they work wow, that was random. Random . No its all about understanding patterns like the mail guy at 3 12 every day or jerry, getting dumped every third tuesday. This happens every third tuesday. We have Pattern Recognition Technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. Theres no way to predict that. For all the confidence you need. Td ameritrade. You got this. Welcome back to fast money. Apple playing catchup with the launch of a Smart Battery pack that doubles the life of the phone for 99. But the reviews are mixed. Have they lost their design mojo . Were joined with the aforementioned case. Its that bump. What backlash have you been hearing about the bump . Apple surprised us. They came out with a new product that hadnt leaked beforehand. Although it leaked about an hour before. But its a very straightforward product. Its a battery case. It adds another 100 charge to the phone. But it has this you may have seen the bump. There is a bump which is obviously the battery which is causing a lot of consternation online. Some people are saying it looks like my iphone has swallowed my ipod. Or maybe its pregnant and going to give birth to an iphone mini. So its a matter of personal preference. If you like this kind of design over, say, a mofi which is more sort of plastic and modular. But it does have this innovative way of getting in and out. Its rubblized. You bend it and you slide her out. Its a tight fit and comes right out. We were playing around with this. We thought maybe it has a bump so you can bend back that top more easily. Exactly. The overall design doesnt work if it was thick up top as well. So you can kind of see what they were going for with this but its really like a matter of do you prefer it to a sleeker design isnt it better . Because you have the charging adapter. You dont need the second charger for the mofi. And its the only case that does that. Its the only case you can charge both the phone and the case at the same time through a lightning connector. So that is an advantage as well. Theres one other design flaw that i havent mentioned until now which is when you have the iphone in here, this case will extend the difference between your port and sort of where it comes out. So if you use certain brands of headphones that come in on an l connector, it wont work. And one of those is beats. It wont work. Youll need an adapter. So are you going to indict apple for its lack of design mojo these days given this and the apple watch . Its really a matter of personal preference whether you like this or not. Id say this isnt a win. But if youre going to get a battery case for a phone, youre going to make some kind of compromise. Whether youre thickening the whole thing. What i see this more as is sort of a mission by apple that the battery on the iphone 6 and the 6s just isnt good enough. They havent come out and said that, but think about it. Theyve come out with a case for the 6 but not the 6 plus. Do we know if margins are related to this . In terms of the margins, i do know that the accessory market is roughly a 25 billion market worldwide. So theres certainly a market consideration here. Apple can just, like, hey. This is an easy thing to build. Pst a battery. Lets get a piece of this market. I would say the mofis of the world is probably worried this is out now. Thank you. And thanks for bringing that. As a shareholder are you concerned theyre going into the accessory route before they had sort of said were not going to do all these extraneous things . Well let the other people deal with those accessories. No. Ive got to think thats a decent margin product. I think. So its all right. All right. Lets move on here. Emerging market stocks have been steadily declining all year. But some are betting on a turn arno turnaround in one country. Ewz one of the most active wefr seen. 300,000 contracts traded. Where we are seeing all that activity is the calls. 200,000 call contracts traded in 150,000 of those were the result of a single trade. And that was basically this 23 25 ratio call spread. They were buying the 23 strike calls, selling the 25 strike calls. They were paying about 42 cents to do that trade. Somebody who had already made some bullish bets decided to commit more capital was rolling down the higher strike. Theyre obviously betting that ewz is going to have a rebound here. They committed an additional 3 million bucks to the trade today betting the ewz will be up by this coming june, up 10 . You think so . I think a lot of bad news, ultimately we need to see change there. Im not sure its going to happen overnight. Look whats happening in argentina and venezuela. People are imputing that on brazil. For more on options action on friday. Coming up next, the final trade. Stay tuned. This is the one place were not afraid to fail. Some of these experiments may not work. But a few might shape the future. Like turning algae into biofuel. New technology for capturing co2 emissions. And cars twice as efficient as the average car today. Ideas exxonmobil scientists are working on to make energy go further. No matter how many tries it takes. Energy lives here. It is time for the final trade. Lets go around the horn. Tim seymour. Yahoo. Whether its taxable, its a tax free, whether its with or without, theres some of the parts it works for you now or any situation. I was watching you on the afternoon show as i always do and one of the analysts on the show where are you going with this . Pitches deckers. And deckers i still own the name. I still think its an m a candidate. So buy altria. But their line of sneakers, no one realized they own hoka. Its the full rollout this year. All right. Karen . I still like anthem. It has nothing to do with an mlp, nothing to do with energy. Not that those things cant be great. They can. But i think its a nice valuation. Pete . Amazons taking over the world. Amazon is going higher. 500 is spent more as a prime. Giddy up. Im back tomorrow. Mad money with jim cramer starts now. My mission is simple. To make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere. My job is 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 save you money. My job isnt just to entertain but to educate and teach you. Call me at 1800743cnbc. Or tweet me jimcramer. Sometimes you have to play the hand youve been dealt. You just cant throw it back. I cant give up. You have to look at the cards,