He joins us as he unveils his new rocket ship that can take you into space. First, we start with the markets best week of the year for stocks. The s p was up almost 3 , stabilizing on the last two days, but there are two Big Questions facing investors as we head to the weekend. Are we out of the woods yet and who is in charge, the bullets or bears, tim . Nobody is in charge but the onus is on the bears to say china is about to blow up. Oil is going to 18 bucks, that the u. S. Company is heading to mass recession when in fact weve gotten better data. Its not great, never told you its great but to me the people who say the world is coming to an end, all the things, the confluence in the first week of the year that suddenly the world was such a bad place. Wait a second. Data has gotten worse, has gotten worse. Lock at auto sales declining. Look at what they have said autonation, what they have said. Look at whats happening with diesel demand, oil, okay, had a little bit of a rally back. Jobless claims are holding up. Jobless claims is a lagging indicator. Jobless claims is a fourweek average. And its starting to go back up, starting to trend up. Its starting to trend back up and the jobs number, exactly whats wrong. The fed is using the wrong model. Is it going off the cliff . The rest of the world is. So the data to me has done nothing different i agree . Does ton nothing different except gotten worse. The u. S. Data, well get durables and housing data, Housing Market continues to hold up. We wait, wait, wait, we had a horrible housing data. Ill bring in the other side of the desk here as you two squabble. Please. Well, tim is obviously a bull here. Hes been on top of this, and to his credit ovx went from 81. Its now 62 which indicates that maybe oil has bottomed and oil has been the indicator and i think the onus is not on the bears but the bulls. Has to get above 1950 on the s p. Prove themselves above there. Not close yet. A couple closes ill be in tims camp and until then im in b. K. s camp. Saying the onus is on the bulls doesnt mean youre bearish, just need a couple more things to prove the case. Where i kind of weigh in is i dont think that theres too much data here in the u. S. Thats gotten incrementally better. Maybe it hasnt gotten that much worse but my contention would be that if the market is going to continue to go lower, were in a massive dunn trend for all the major indices here in the u. S. Oil, you can call a bottom if you want. Could have called it every time, you know, over the last six months, but it hasnt bottomed. Still in a downtrend. Whats going to take the u. S. Lower is not going to come from inside. Its going to come from outside, and the only thing im going to thread one needle here is look at the way our u. S. Banks have acted off of the highs, you know. We have many of them off 35 over the last six months, off the 52week highs. They are not down because the capital ratios anything going on evil here. They are going down because whats going on because of whats happening in europe or going down in europe. No, they are down because their earnings are down. We knew that, tim. I understand that, but actually the results werent so horrible, and they started going down ahead of that, okay . So a lot of the positioning into your end had to do with the fact that the fed was going to raise fed funds by 1 by the end of the year. Cpo curve, blah, blah, blah. When market volatility happening, nothing economically, market volatility then the feds said the hikes were off the table. Think about what volatility means for the banks, liquidity issuances tighten up, banks, that everybody thought was really, really cheap, not so cheap on an earnings basis. Cheap on an asset basis but cheap for a long time the wrong reason to buy a bank. You want a bank if they are going into an earnings kind of trajectory. The banks are not a buy. Banks are not a buy but banks are not falling apart because the seaworld falling apart. Banks are trading down aggressively. I fundamentally disagree with you because whats going on in asia, were seeing tighter credit conditions. Yes. That has the potential to spill over. Its obviously spilled over into european markets, and its at least spilling over at least what does spill over mean . Look at the price action. I get that. Look at some of the stuff that weve seen that jamie dimon feels like he has to support his stock, that Deutsche Bank feels like they have to buy debt back its gotten hit so hard. Why not, be opportunistic. The reason its getting hit so hard is because things arent good. They are exposed to the whole commodity sector. Let bring it back to the u. S. Look what deere said, the Second Quarter in a row they have had horrible earnings. Stock is up on the year, by the way. John deere is up on the way. Down 30 last year. Its down from 100. Down 30 . This is a volatile market. Let me put this question to you. Everybody is acting as if the banks definitely have exposure to the commodity space and what i dont get while is it that every Earnings Call weve had they said the exposure was minsnowfall why would they lie . Mortgagebacked securities, the thing is mortgagebacked securities hold on a second, credit related to emsecurities and the deal by samsung, the deal that blew up and high yield to energy, the worst of them, not exotic. Were talking about standard debt deals. They are talking about derivatives and the credit issues face the energy issue. Theres tons of derivatives in the energy area. You mentioned cnbs, mortgagebacked, a totally different environment. I would agree with you its a different environment in the sense that the u. S. Banks are not necessarily falling apart and the system isnt ready to come to an end. However, you have this dominos effect. Were still interconnected as an economy and when you have a fractional reserve where do you stand on what the bank ceo told investors and america versus what other investors believe . Its the same rhetoric im not suggesting that were in 08 but the same things you heard. Deutsche bank has gone from 35 to 17. Something is going on. I dont know what it is. I dont think anybody is. The bank is less profitable and may need to have a capital raise. Been cut in half and i think its bigger than that. I think they definitely have its the largest derivative book, b. K. Can speak to this, in the history of drive tir book, something is going on. The derivative book is bigger than world gdp. These guys are saying theres a mass blowup that will be a domino systemic effect on the world and i dont agree. A very aggressive statement and i dont agree with that. I want to get to actionable information because everybody nobody on this desk is a buyer of banks no matter what your view is. What are you buying . Materials is where you start to add a onethird position. Newcorp announced the end of january the stock is up on the year as well. Upstream and downstream business is change, seeing some demand. Fighting the steel dumping in this country, and they are going into a valueadded chain. You pick stocks in this environment. A fantastic balance sheet, 2 billion in cash and 100 billion credit revolver. Dont buy the full position, buy a onethird. I would only buy onethird because youre going to get low levels to buy the next onethird and the next onethird. Thats a good way to trade. If you tune in at 5 30 to options actions so youre selling. I wouldnt take down oa . Hes down the other side of tims long. I dont like the bounce that weave seen in materials for a whole host of reasons. Well do that in the next half an hour. If youre telling me that this is a company, newcorp, thats well capitalized and, you know i am. Then pick a stock and have a ball with it. Im just saying, have an opportunity. What did you guys buy . I think the bounce in materials is exactly that, a bounce in an oversold condition. I think the cold market is still trying to at least tell you something. I think the bond market continues to show that it wants to go higher, yields go lower. I think tlt is still the play in this environment. Coming up, apple facing mounting pressure from the government and now from donald trump calling for a full boycott of its products. Will they be northed to give in . Youve got the late. Plus, it wasnt just apple that donald trump was talking about. He made some interesting comments about his favorite fast food chain last night, and it happens to be a name many of the traders on the desk own. Well reveal what it is next. And it is the race to space. The last time Richard Branson was on cnbc, heres what he said about elon musks spacex. Our space ship comes and back and lands on wheels, theirs dont. So what will he say next . Hell be here in a live interview at the bottom of the hour. Much more fast money still ahead. Vo know you have a dedicated advisor and team who understand where you come from. We didnt really have anything, you know. But, we made do. Vo know you can craft an Investment Plan as strong as your values. Al, how you doing. Hey, mr. Hamilton. Vo know that together you can establish a meaningful legacy. With the guidance and support of your dedicated pnc Wealth Management team. Man 1 he just got fired. Man 2 why . Man 1 network breach. Man 2 since when do they fire ceos for computer problems . Man 1 they got in through a vendor. Man 1 do you know how many vendors have access to our systems . Man 2 no. Man 1 hundreds, if you dont count the freelancers. Man 2 should i be worried . Man 1 you are the ceo. Its not just security. Its defense. Bae systems. Welcome back to fast money. The pressure is mounting for apple as the white house is turning up the heat. Eamon javers joins us with the latest. The legal battle is heating up between the u. S. Government and apple over the access to the terrorist iphone. Heres the motion filed by the department of justice and want apple to follow the court order and unlock that iphone and apple doesnt want to do it. Theres very tough language in the motion to compel. As current refuse al to comply with the courts or the despite the tech dal ability of doing so appears to be based on its concern for its business mott el. Very tough stuff from the department of justice. Meanwhile you had on earlier john mcafee, the Security Software pioneer. He is rallying to the defense of apple. Heres what he said. Really, what the government is asking apple to do is to make individual who uses an iphone susceptible of hacking by bad people, foreign governments and anyone who wants. Not just the fbi. The fbi says oh, well we can keep it secret. Thats utter nonsense. Over at the white house they are back up the fbi and josh earnest speaking from the white house podium said so today. The president has made that investigation a top priority because he wants to make sure that we can learn everything we possibly can about that situation so we can take the steps needed to protect the country and thats exactly what fbi verdictors are doing. Speaking down in south carolina, donald trump is on the campaign trail saying hes calling for a boycott of apple products. He here heres donald trump on the campaign trail. Boycott apple until such time as they give that security number. Boycott a. First of all, the phone is not even owned by the young thug that killed by these people. The phone is owned by the government, okay. Its not even his phone. We dont even have to go that far, but tim cook is looking to do a big number, probably to show how liberal he is. Now, melissa, to follow up here, what donald trump tweeted out is that he owns both a Samsung Phone and apple iphone. He says he wont use the apple iphone until apple complies with the government request. A twopronged battle going on at the highest levels and a Public Relations battle here and a political battle with trump now weighing n. Seeing a lot of different angles to this and it seems to be heating up. Thanks for keeping on top of this. Eamon javers in d. C. Amazing to think that president obama and donald trump are on the same side of an issue he here. Crazy, talked about it the last couple of nights. This will be a political thing and heres donald trump. Apple loses its a loselose situation. Is it . They acquiesce, they upset their current user base. Doesnt it team like almost vaulted this into the public. So much public grandstanding and everyone is doing it, even the white house. Out on the street doing a poll for fast money what they thought and were in times square here where we get domestic folks and a lot of International Folks. All the International Folks to a t said go with the government, they absolutely have to protect. People were somewhat split. People loyal to apple in one breath said they want to protect me and my privacy as a consumer, but also said, you know what, i think the government is right here. Any weigh, anyway, its an issue where people get both sides. We dont have to be doing it in a public forum. Isnt that how apple it say it. We stood up for you, the customer. The government forced us to do it. The best of both worlds actually for apple. I think its a winwin situation for apple. So apple is a company that has 190 billion overseas in cash that they would love to repatriate at some point in a really shareholder friendly way. I think apple should have to tims point really tried to figure out how to do this not in the public realm here, and i think that this is a situation that they could have the government on their butts for a very long time. Think about when microsoft had the Justice Department on their duts in the late 1990s, it didnt go away for a long time so i think its a loselose. Didnt mcafee say he would unlock the one iphone, he and his team have the capability of doing that in three weeks and hes offering the services to the u. S. Government for free. So if mcafee can do that, cant apple do that . I mean, im not willing to, you know, say who has Better Technology here, but if mcafee can do that, apple can do it, and, therefore, they wont do that. Do it to one phone, they are basically going out there saying were going to defy the u. S. Government. Hes living in parts unknown so god only knows what hes capable of. You said onewin. I said loselose. They acquiesce, they up set the user base. Does that impact the okay . If its loselose we talked about it a couple nights ago and said it could impact the stock and started with donald trump getting on this. Hell not let this go and i think it does impact the stock. Now that the situation has evolved. Heres what it does for the stock. Creates a whole lot of uncertainty and you wont get somebody come in aggressively buying the stock, 92, very key level. Not saying it necessarily goes down, but in the markets when you have that level of uncertainty, people just tend to stay away. This game is hard enough. Why would you try to play that now . Till ahead, next week will be a huge test for Retail Stocks as investors gear up for earnings but theres one name looking really vulnerable. What it is and why you might want to stay clear. Im melissa lee. Youre watching fast money on cnbc, first in business worldwide. Meantime, here what else is coming up on fast. The best pilot i ever saw. How about Richard Branson whose quest for space is fast becoming a reality. Hell join us in his options action debut to explain. Plus, where does the donald like to dine when hes on the road . Heres a hint. Big mac, fillef, happy meal, mcnuggets, larger sizes, now a chef or garden salador oriental. But he may need some help with the menu. Well explain when fast money returns. When a wildfire raged through elkhorn ranch, the sudden loss of pasture became a serious problem for a family business. Faced with horses that needed feeding the owners were forced to place an emergency order of hay. Thankfully, mary miller banks with chase for business. And with a complete view of her finances, she could control her cash flow, and keep the ranch running. Chase for business. So you can own it. Breaking news out of the uk. Let get to seema moody. Reporter leaders in the European Union striking a deal with the uk after two days of negotiations. Prime minister cameron addressing the press in brussels saying this deal is enough to recommend britain to stay in the eu. Listen in. This deal has delivered on the commitments that i made at the beginning of this renegotiation process. Britain will be permanently out of ever closer union, never part of a european super state. There will be tough new restrictions on access to our welfare system for eu migrants, no more something for nothing. Britain will never join the euro and weve secured vital protections for our economy. What happens now. Prime minister cameron will return to london to present this deal to his cabinet tomorrow. Well see if its enough to satisfy his counterparts as well as citizens. Well know if it does in the upcoming uk referendum which could happen as soon as june of this year. Melissa, back to you. Seema, thank you. Tim, whats the implication . That european politics are getting more politics and europeans everywhere to have have a scene phobic approach in their countries and polar politicization of the views, its not just year. Donald trump talking about fast food and a question of what he orders at mcdonalds, take a listen. Fish delight sometimes, right . The big mac great, the quarter pounder with cheese. Now in case you didnt hear, that the first thing he said was fish delight so we actually reached out to mcdonalds and asked if there was such a thing as a fish delight. We had never heard of it. There is not apparently, and just to be sure we reached out to mcdonalds and they confirmed for us that there is no such thing as a fish delight. Sounds nice. Has never existed on any menu. They should make it. They should make it like filletofish. The guy lives in a guild will tower and eats a fish delight and wont use an iphone and doesnt make a whole heck of a lot of sense. Tim, you had this storks an amazing breakout. Had their first, what, quarter with up comps in the u. S. Here in a matter of years. The only problem i have with the stock right here at mcdonalds, its trading about 22 times. Supposed to have the highest eps growth of 8 and im not sure that you get the allday breakfast carrying through. You dont like the market. Its got no leverage and paying a nice dividend and 89 of its fiscal a 15 earnings are coming from not emerging markets and the comps dont get difficult until the Fourth Quarter so i think you absolutely stay in this name, fish delight. In case youre not up on the fish delight. Fillet ofish. A mcdonalds owner and operator developed the sandwich in 1965 to provide an alternative to his catholic customers during lent. We thought wed get a fillet ofish or fish delight for you. Im going to look at that fine sandwich. Beautiful. Lets see whats going on over here . Youre going to eat it. Oh, no. Thats terrible. Thats wrong. Im not eating that now. Is it delightful . Sold to you. Its so bad. Whats your trade . Is that cheese in there . Its like cheese on fish is a little sticking to my mouth. Breaking news. . Thank goodness. Reporter comments from a senior apple executive according to dow jones that the government motion, according to the senior apple executive is a way to argue case twice before apple can respond. Dow jones also quoting the senior apple executive saying the company has not said that unlocking the phone is technically impossible. Well continue to read through these comments but for now, melissa, back to you. All right. Thank you very much, seema moody. Thats a good point on apples part that the u. S. Government is putting forth two basically efforts to try and compel them to unlock this one phone while they havent even gotten the chance to respond. And the technically possible or impossible. I think that goes to the real question here is that is it a onephone, oneoff type of thing or do they have to create a whole new operating system because when this first came out it was implied they have to create a whole new operating system that would make everybody vulnerable. And somewhere john mcafee. Says he can unlock that one phone. And he has the winning lotto numbers. I love the guy, but hes off the reservation. Hes nuts. Yeah. Hes fruit loops. How is that fish delight going in. Pretty good. Apple trade . Final trade. I think apple is probably going sideways on this. I wouldnt be trading. Ralph lauren is my final trade. That does it for us here on fast. Stay tuned. Options action is next. Want to get their hands on. If they could ever catch you. Think of it as a seven seat for an action packed thriller. Hi there. Live on the nasdaq after this expiration friday after one weird week. The guys will make sense and try to make you some money. While they are getting ready, heres whats coming up. I loved it. And so have traders who have been feasting on trashy beaten down stocks, but is the feast about to end . Well explain and give you the trade. Plus trouble on the home front . I just want to smash your face in. Smash my face. Not that type of trouble, talking about home depot because traders see disturbing patterns emerging ahead of next weeks earnings and weve got the trade