Transcripts For CNBC Fast Money 20160602

Report will be good . Do you buy if you think the report is going to be bad . P. K. Kick it off. What is good and bad . Youre looking for 160,000ish. I would say and over 190 t thats you want to buy the dollar. If you get something below 100 you want to buy gold. After the number at 8 30 tomorrow morning. So whats your take . To make it easy on myself, the last time they raised rates, the dollar knee jerk reaction went higher and ultimately went lower from december when they did raise rates. Gdx, gold is actually went higher, as well, 80 . Or so or 90 and xl us up, as well. Was up 14 . For me, its counter intuitive but thats what you got. So extrapolate that. If we go higher than expected on the consensus, that means that the rate hike trades are on, is that what youre saying . Either way the ones that rallied either way you play this, those stocks that sector is going to rally. I think either way. Either way. Bad jobs report. Bad jobs report. People run for cover but people think the dollar will be weak and people run for cover and will buy gold and utilities. If its a good jobs report, you get a knee jerk but a day or two, thats over and do the opposite again. I think its a trade. The value of the overall market, weve gotten too far, too fast. I look at it and say i agree with the dollar trade. I think that you just get along the dollar if you get the signal there will be a move. I think there is going to be a move. The line is 150 and you got to adjust for verizon. The adp number doesnt have the adjustment. Going to be a june move. There is nothing compelling i go and feed any rally we see on a worse number, you know, in anticipation of not moving and id like to buy stocks and weakness that have good valuation. Let me tell you one area that does not have good valuation is consumer staple. If you think the raise is on and sell consumer staples, we know how sensitive they are to the dollar strength. They caught this kind of breath since the start of the year where the dollar has gotten kind of nailed. Ill say this, as you think about it, i dont think they are raising in june. They are pricing a 53 chance to july and have a meeting in september. I dont think 50 50 for july is a great bet no matter what the jobs data is and ill just say this, that if you think they are going to go based on whatever is printed tomorrow morning and the s p doesnt have that knee jerk reaction lower, i think you have a setup with a move to the s p back to the prior highs. So wait do you think they are going to go at all this year . I dont. I actually dont. If they dont go in june or july, then they will stay away from the Election Year cycle. But wait a second. Your dollar trade was down 7 from december from last time. Yeah. And xlp is up 7 . Right. From the last hike. All these things, we have to look at our point of relativity. Yields will be no place. Lets get back and ask this question. Client position we talked about during the energy debacle. How clients were positioned. How were cliented positioned now . I can tell you. The big egest fear for hedge funds, if there is a signal there is not going to be a move on rates, this market could gap up to a level thats extreme. Thats the one thing that keeps p. K up at night. I have a bearish bias towards the market but you can get this meltup, everybody out there is bearish at this point in time, which i dont like to be on the same side. I want to run to the other side. How do you position yourself. I think, again, i go back to the dollar being the one trade for me everything hinges off that. Thats your nobrainer. I think you have to wait for a breakout or a break down. Were just caught in the range and at that point, you can see. You might have to wait a couple days to see but you could get a melt up. Is the bottom line, meaning stronger than expected jobs report is bad news in that it will send the market lower . Back at that . All this, back at that . The term goldie locks but i feel like its got to be really out of the norm to get anyones attention. Right now its in the sweet spot. Yeah, look, do you believe in 130, you know, 130 s p earnings for 2017 . Thats what comes into question. Thats what we are in the tape and i look and say i dont necessarily have the confidence people are buying into that. Especially with the higher dollar. Thats not factoring in. Right. And youre seeing an off the bottom and i think the dollar goes much higher from here. You already saw today they are talking about potentially maybe some more easing or going to start easing. Comes back to the dollar. I think it also comes back to this is whats confused everybody, not just here on the desk is Major Players arent sure what it will do and you told me what the number is going to be tomorrow, give or take 10,000 things, i couldnt tell you what the market is going to do but look at the extreme. Below 100. Anywhere between the market is nothing . I think so. I would much rather buy a potential s p breakout if the data suggestions they are going to raise this summer and do it. If thats the case, you want to buy that. I dont think you want to buy a bad number that people think they will stay on the sidelines of fed for much longer because then to me the whole notion of this fed tightening cycle because of better data here is off the table. Okay. S p 500 has been stalled but could there be a breakout on the horizon . Lets go off the chart with johnson. What charts are you looking at . Hey, melissa. Feels like weve been stuck in the trade forever. Everyone is waiting for a big breakout. Were not anticipating youre going to get it because we think you can wait for the confirmation and that will be the catalyst. Its go to the chart here. We know weve been at the 2100 level for what seems like months and has been. We first hit the level in december of 2014. The 18month sideways trading range. There is no trend. Thats flat. The slope is flat. We would rather that turn higher. The 52week high is 21, 28. There has been 20 times where weve gone aaat least a year. When you get the new closing high, the s p is higher a year later. 19 of the 20 instances for a median return of 20 . Massive gains once you go that Long Distance before breaking out. So what are some things were looking for to give us confirmation besides the breakout . We have the ten and 20month moving average. Looking at the moving average smooths things out. The 20month caused a lot of people to say this is a replay of 2000. A lot of people forget about 1994. We had a bearish crossover and false signal that crossed back up. We know it happened in 1995 and a period where we went more than a year without a new high. Couple other they thinks were looking at . We know the breath is getting strong. S p 500. We not only broke out above the 2014 highs but alltime highs for advanced decline. Thats another constructive compone component. This is a stocks only and takes out the bond etfs. Were still by low the 2015 highs here. If we get a breakout and if we get the moving averages to rise and the new closing high, we think that would be a bullish argument. Steve, would you agree these are a series of things that need to happen before youre a buyer of a breakout. I think youre better off waiting for new highs to buy into this market but what i do believe also is if we krolsz over that 21, 28 level, it has to hold. Thats going to be the exit because the last time we traded there and we dipped below a next couple of days, the market was in for a severe correction. So you need to hold that level. Okay. Yeah, i would just wonder we stair at the s p 500 every day and there is a lot out there that are not u. S. Stocks but when you think about it from where im looking, that breakout is probably going to come. Whether it stays is another situation. Im looking at back here our small caps are down 10 but go over to asia, we have the shanghai composite down 45 and nikkei down 20 . There is not a lot of paris base globally. To me the sshlgs and p feels crowded and im is the sure thats the trade at the end of the day. If you think the s p is going to rise, there has to be stuff going on globally and better valuations out there and we know there are. To me, thats probably a better trade. So a tradeable breakout or invest breakout . You said the yourself. I dont think its going up much. I look at this and say every central bank in the world is debasing currency to figure out how to get rates as low as possible. History cant necessarily give you the playbooks you need. And scratch your head with the move you have in the s p. I was negative and at a certain point you have to change because this is an aggressive i agree. The difference between i would rather be a seller. I sold my apple. I sold my disney, i would rather be a seller but the problem is this is really an aggressive run with the s p so the new highs. Youre waiting for new highs. Id rather see that first. Jonathan, thanks for joining us. The ceo of one of the Biggest Airlines in the whirl had disturbing moves about the econo economy. Plus a top opec official that could have big implications for oil. What he said this could have major implications for crude and the donald heading to the tech mecca but will Silicon Valley give him the Cold Shoulder . That and much more on a very busy fast money. The call just came in. Shes about to arrive. And with her, a flood of potential patients. A deluge of digital records. Xrays, mris. All on account. Of penelope. But with the help of at t, and a network that scales up and down ondemand, this hospital can be ready. Giving them the agility to be flexible reliable. Because no one knows like at t. Welcome back to fast money. A response to a report earlier today from shortselling Research Firm citron saying the company would be bankrupt. It dropped shares by 14 and recovered to be just about maybe threequarters of a percent of the upside. The statement is talking about strongly refute the report and today they go on to outline the number of steps they have taken and also go on to say that and reducing cost and portfolio and Decisive Action under this plan. And significant cost reductions while strengthening its liquidity protectiliquid ty prediction. A couple things addressed and tu turn it to a formal level by saying that officially and strongly refute it. A very Interesting Development in this company that was a spin off from dupont does titanium chemicals in this story will be sure to have legs going into tomorrow, guys . Dom, the statement was issued in the after hours session so after the stock recovered . The stock didnt recover during the regular session. Right now chemours shares spiked in the after hours, maybe 78,000 shares here and the shares are down ninetenths of 1 . It made a turn around on its known and not in the response to the companys defense. After the shares had recovered from the lows. Got it. Thank you dom chu and spinout of dupont, chemours. If youre getting in there and saw the headline today, not a trader stock for intensive purposes. The question, is that report something holders of this stock that got are likely to take in easte earnest, circuit city, i may not have chosen that. Now lets go ahead and talk about United Airlines that kicks off the top trades tonight. Oscar spoke to phil lebeau and made curious comments about business travel. Gdp is dropped dramatically from the start of the year 3 , almost half that at this point so its something were certainly watching and keeping a close eye on. Corporate travel depending on what part of the country and Energy Sectors down and banking is stable. Were seeing a little softness. A little well a little softness in business travel. Take a look at the stock and softness is putting it politely. Right. Exactly. Clearly people have, you know, gotten ahead of this story here and the real question is okay, is this going to turn . This just a pause or are we going higher here . I think if you get lower oil thats going to help and that will mitigate some of it. Lower oil from here will mitigate some of the losses for ual. Right, right, right. I get that. To say if only we could have lower oil, when they just had lower oil a couple months ago and stocks exactly. Thats exactly the point. Its going to mitigate it but the point was, is that it doesnt mitigate all because weve seen that in there. Right. Business the important point that melissa brings up is lower oil didnt help and hurting as oil goes higher and getting burned. There is Something Else going on. It would help but if they dip back down, maybe it would help. Capacity that was conservative lower. People are going to stop flying and come off, there is nothing you can do. I stay away. Ual is a company with internal moral is terrible. Its very difficult to turn a ship like this. Its a massive company. Its going to take a long time. There is activists involved, i dont know if they are activists but owned the stock for a period of time. They have activists like tendencies but it will take along time to move the needle. Maybe its because a lot of them are cutting capacity. Delta announced cuts. Wouldnt that be the pan to this . It could be. We sat at the desk for seems like two years to talk about discipline and pricing and seen the consolidation and rung out cost cuts youve seen. Thats why the stocks 18 months ago were at multiyear highs. To your point, oil, 50 is lower than a year ago, that short of thing. Its not a costcutting story. We need to have organic growth. Thats why they are focussing on this client. Think about Enterprise Spending all over the place going down. Down. So i dont know. Seems like a tough battle. The one thing to tag this up, save, save. If youre looking for something and want to check the box for an airline, go with one working. Elon musk speaking at the code conference about what company he thinks is a bigger competitor to tesla, google or apple . Listen to his answer. Does a great job of showing the potential of transport but they are not a car company, so they would potentially license their technology to other Car Companies and i think they announced something with fiat and so i wouldnt say google is a competitor. Apple . Yeah, that will be more direct. [ laughter ] that will be more direct. Would apple be a threat in your view, grasso. Who know who is a car company . Tesla. Its not valued as a car company. He better hope tesla is not seen as a car company and the biggest competitor to tesla is tesla. I dont think they will get to the numbers. The numbers are huge. Its a search company. Apple isnt going to be a car company. Its searching for invasion, as well. Why do you say we dont really know successful car company. I get what youre saying because of supply. They have to raise money to build a factory. Apple as 233 billion on the Balance Sheet and raise 4 billion in asia pacific in a bond offering. It could put up a factory overnight. The question is not will it be imminent. Is it going to be in the near term . Could they be a competitor . They could. They could build a product, no question about it. Its not going to be in the short term oh beat by 2020. Not a tesla issue. I wouldnt worry about i love how he slaps on the years, the estimate. Apple will be a car company in 2020. This goes jesus listen, okay, so now were talking india in five years is going to be big for apple. They will build cars in five years. What will they do in the short term that will be the catalyst. Have you guys ever been in a tesla . They have a screen thats this big. Thats apples opportunity. They sold 50,000 cars and 5 billion on sales. Does it move the needle on apples revenue base but when you look out to the electric car, you know, expectations from all these people other than tesla, there is a massive opportunity to be in there. If apple came out with a slick, sexy car that could compete, that it would pick up evaluation premium . Thats the best argument. Thats the best argument, if they could do that. We havent seen them live you want this see technology in the car, though. I think that that will pay a higher premium. Lets say they make a car. If you owned apple and they came out tomorrow and said were going to make a car sold. Just like that. Absolutely. I want to see the car. I want to see what the car yeah, i can sell it and see the car and see if people like it but my concern about apple making a car is they have never done it before. All of a sudden they are a car manufacturer. I would rather them see their software put in every car. I think its a buy if they do that. They have 200 and something billion dollars but not doing anything i have a phone in my pocket that doesnt last a day on the battery charge. Fix that. Maybe it will help then fix batteries on their phone. They acquire battery technology. The screens 2017 the car issue, the cost to spend even this boat load of cash you would be a seller then. All right. Its execution risk written all over it. Stay away from it. Sell apple. I got a bottom still ahead, shares of two chip stocks, broadco m a mbarella, details after the break. Youre watching fast money. In the meantime, heres what else is coming up on fast. Ladies and gentlemen, this man could be your next president. Rosie odonnell is disgusting inside and out. Look at her. Shes a slob. She talks like a truck driver. And its got some Silicon Valley ceos snubbing their noses at donald. Well explain. Plus, some are calling it the super bowl of drugs. It wasnt her rain, it was angle dust, pcp. Not those drugs. Because a key conference could cause a big move in a number of stocks. Well give you the numbers. Put some distance between you and temptation with meta appetite control. Clinically proven to help reduce hunger between meals. New, from metamucil, the 1 doctor recommended brand. Thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast business. Built for business. charge music you wouldnt hire an organist without hearing them first. Charge so why would you invest without checking brokercheck . Check your broker with brokercheck. Welcome back to fast money. Broadcom sales beat expectations. The Company Raised the dividend by a penny to 50 cents. In the companys release, broadco ms ceo expects a bigger third quarter. Those shares you can see here doing good work in the after hours. Moving on to another tech company, ambarella posting better than expected profits. The company authorizing its own 75 million stock for purchase plan. The ceo did warn there are nearterm head winds and will continue in wearable sports camera markets and expects negative impacts on disruption of sony sensors after the earthquake back in april that caused factory damage. The shares up 10 in the after hours session. You can see there, as well. For Companies Like ambarella and go pro, they have seen weakness. Shares are up 3 on 100,000 shares of volume in the after hours session right now. But again for go pro, a stock that is down in context 40 year to date, 82 over the last 12 months, guys, back over to you. Dom chu, thank you. Ambarella provides chips to many, many customers. The read through while it always happens is not necessarily the most robust. Exactly. They are so tied to go pro that it doesnt really matter. So tied to it mentally that it doesnt matter. But i go a different way. Look at how when we looked in video and knocked cover off the ball and we said can they keep this up . Its up over 40 . The stock isnt rolling over. Once again best in breed or go with something working. Micron, micron in the same not really exactly the same business but micron has been ticking higher. It seems like people to his point is under positioned in the space because the rest of the space slaughtered. At this point, do you stick with the stocks that made those runs . Ill tell ya, broadcom is a big stock. Thats probably one you stick with. Ill extrapolate it to a customer, cisco on the desk. They put up on okay quarter and the ceo does a lot. Thats also a cheap stock trading 12 times earnings and massive Balance Sheet there. To me that looks poi s poised tk out above 30. Thats where you go rather than cisco. Cisco. Donald trump heading to Silicon Valley to woo some of the biggest names in tech but did his plan backfire . Details later this hour plus opec refusing to budge but one top oil analysts says no news is good news right now. Shell explain right after the break. Ant the latest products and services, but they demand the best shopping experiences. Theyre your customers. And by blending physical with digital, cognizant is helping 8 of the 10 largest u. S. Retailers meet their demands with more responsive retail models. Ones that transcend channels and locations, anticipate expectations. Creating new ways to engage at every imaginable touchpoint. Its a new day in retail, and together, were building the store of the future. Digital works for retail. Lets talk about how digital works for your business. New biwhat are we gonna do . Ys. How about we pump more into promotions . Nah. What else . What if we hire more sales reps . Nah. What else . What if we digitize the whole supply chain . So people can customize their bike before they buy it. That worked better than expected. Ill dial it back. Yeah, dial it back. Just a little. Live business, powered by sap. When you run live, you run simple. Dinner may i be excused . Get the new xfinity tv app and for the First Time Ever stream live tv, watch on demand, and download your dvr shows anywhere. Welcome back to fast money. Ahead of tomorrows jobs report, small caps led the way. Here is what is coming up, biotech stocks are breaking out and two key events next week could send the space higher. Well explain. Plus, donald trump is taking on tech. His controversial visit to Silicon Valley and ministers could not agree on a ceiling for oil. One analyst says the mood at the meeting says it was much more upbeat. The global head of commodity strategy was ahead and cnbc contribut contributor. Good to see you. Why all this confidence now . Thank you for having me. When you get close to 50, half the cartel feels fabulous. I dont think there was a pressure. The mood in december was much more down beat. People were concerned about going into the 20s. Thats what venezuela warned about. We seen the lows moving steadily to a higher priced environment. Why dont you think oil responded much to that . I think, you know, i dont think there was a huge expectation there would be, you know, any type of cut or real ceiling. There was a story floated yesterday that got people excited about that but expectations were pretty low about anything coming out of this meeting. I think it didnt really defy what everyone thought would happen. Thats why its a muted reaction. There are a couple interesting headlines from the Saudi Oil Minister and i want to get your take whether you agree or disagree. One, he is not worried about shale coming back online at 50 a barrel and opec may not return to the previous style of managing the market. What do you think . I mean, i think certainly for the past 18 months, opec has taken a pass. One of the think the new Energy Minister wanted to accomplish this week was to make the poor opec members feel he cared about their wealth. Going into the meeting, half the cartel is under water and questioning why bother to show up . I think he wanted to at least try to say its a Relevant Organization but again, i think we have to take a real consideration whether they will open the market actively again or pull barrels off the market. Thats in question. Thanks for joining us. Apree appreciate it. We were talking to fidel and he said he thinks opec is obsolete. They are a cartel name. Onethird or market or something. Even at that saudi arabia really controls it versus iran. These opec meetings are nonsense. What is interesting, though, they are very satisfied oil is up here at 50. Lets look at what happened in the last couple months. A Massive Wildfire in canada, we had pipelines bombed in nigeria. When those things start coming back online, i think these opec ministers might get more concerned because i think you could see lower oil. Obviously we havent seen that turn yet and oil only turned today after. Still cant do anything. Right. To his point, thats the reason why oil ticked up. Right now its in the face because that becomes a head wind with the oil price moving higher. Service names, they lagged and if you look at the xle, the only reason that space was bought, a was under owned and b yields. You have chevron, exxonmobil so people were looking for yield. Would you buy anything in the space . Its interesting you mention the xle. They make up 40 pertz of it. Oil continues to go up. If you think oils got more to go. Look at the xop. Thats a coiled spring basing for some reason and much more widely distributed. What does oil have to do to buy that . Just technically looks great. Im intrigued right here as a little trade. That was interesting. Gas demand is solid, rock solid and that rep sents 50 consumption in the u. S. Its a benefit. Those are names. Where are you on oil . Im looking for a term lower. Oil services oih is the one i would look if we get more weakness, i would be a short seller on momentum down. Still ahead, is it safe to trust biotechs come back. Shares surging but two big event ks rally. Well explain. Who said diamonds are forever . The owners of zales and kays under fire saying they swap their jewels for cheaper gems. Welcome back to fast money. The xbi surging 3 . The etf hitting near sixmonth highs. Before jumping in, two Major Conferences kick off that could make or break the sectors recent surge and what better way to prep than a little dose of stock therapy. Meg terrell is the biotech reporter and resident stock therapist that joins us to walk us through. So this starts tomorrow, the clinic of oncology kicks off tomorrow in chicago. We will be there. Folks are saying this might be a quieter meeting than it usually is. A lot of big pharma names, this are smaller names and one folks are watching is ariad. They are developing a drug for lung cancer. The chairman of the board is an activist and they say on good data and results could be potential takeover targets. Ariad is one to watch. New guy that has actually just been recently brought in. It will be interesting to hear from them. And a carl icahn pro. There is a hematology. Its the European Hematology Association yeehah happening in copehagen. Two names that people are focussing on are sounds like yeehaw is that that sounds like fun. It does. Hematology is a blood conference. For work in cancer and working in a rare blood disorder and folks say that data there could be really big to watch in terms of that opportunity for agios. They are working in Sickle Cell Disease and paired a lot against bluebird bio working on a gene therapy for sickle cell. They are going the oral pill route. Its a much different proposition but closely watched. Positive data out of gbt could be bad news for bio. For bluebird. Some folks put those two against each other so you never know. Question for you, meg. You know how i feel about the larger cap but two big programs, multi billiondollar programs in place in the euphoria, is there anything on the horizon . I dont see. Thats the only thing i look at in biotech that concerns me a bit. Thats a good point. Htv, hepatitis c, the class of immunotherapy drugs, many are looking at a different kind as a potential class thats exciting. We need more data and need to see it broaden into more indications and we will get some of that next week, as well. We saw a huge move. This is curious. One that whips around down 27 . It was. Just shows how speculative this name is and has been. We thought we would get an fda decision on sarepta and the fda postponed it and didnt give a date to decide. People are wildly speculating. We got news out of the fda today finalizing rules on compassi compassionate use when you have no other options. The fda says the rules they have been working on for years and doesnt have anything to do with stock. Investors are interpreting this as negative for the muscular dystrophy drug. The most reasonable thing if they dont want to approve it is give folks an access through compassionate use. Its free. Does that mean its free . They ruled out today how you can pay for the drugs and it would be basically at cost. And so they wouldnt be making a profit on this and i was speaking with some patients in the community or some parents of patients in the community and saying who will pay for this . Are insurers going to pay and the company is not getting more revenue to invest and will work. Meg, thank you. Meg terrell with stock therapy. You have a quick trade on any of those . Its interesting. I tend to be more of a biotech tourist. Im not as smart as beg or he pretends to be. Thanks. 290 on xbi looks like descent resistance. I would not be a buyer. I would wait to see what comes out. Donald trump is in Silicon Valley but his trip is causing controversy. We got a special report after this break plus oracle is tanking and traders are betting there is more pain to come for the cloud giant. We got details up next. Youre watching fast money on cnbc first in business and money worldwide. Move of the day is sponsored by power shares qqq. Welcome back to fast money. Shares of Signet Jewelers getting crushed coming under pressure when jim grants investors newsletter raised concerns about the credit operation in terms of fears of a gem swapping scandal. Grant joined closing bell comparing the jeweller to another scandal ridden company. Its all news. So is formality in lumber lick d liquiders and enough evidence of trouble to be bearish. A very, very dramatic comparison, grasso but swapping gems and having bad credit isnt the same as having formaldehyde in flooring. Once you throw that out there, it doesnt go away. Its out there. Whether or not its true, it doesnt matter. That geanie goes back in tdoesn the bottle. I hope its not true but doesnt really matter at this point, unfortunately. Dan has been on the phone trying to figure it out. Hoping his wife near term it is a perception issue and you need to be careful stepping in here but i think its very different than the lumber liquid der situation. We need more detail but could be an isolated event that is contained and not a Company Decision that led to it. Just a tiny bit of background here. This was brought by a buzz kill report, buzz feed report im thinking buzz kill because that was our buzz kill. Buzz feed report going behind the scenes and posts on facebook women were given Engagement Rings and bring it back every six months to be checked out and sometimes they replace the gem with lower quality gems. So that is sort of part of the scandal here, the alleged scandal. There is two parts to grands criticism here. One is thats an alleged scandal and credit issue. Lets talk about the deteruation in credit. When you put this together with conns which dan has been all over and the car numbers from yesterday and were seeing subprime su subprime, something going on in the credit market not necessarily wide spread but seeing it through multiple industries. That was most interesting. We have to give bk credit because he got his wife a fake diamond and never bought real diamonds for his wife. Thats true. Never ever. I spend more time there is no mention, the stock is down 40 from a 52week high. Something else has been going on. Thats true. Good point. Speaking of buzz kills, here is one for donald trump. Silicon valley titan pulled the plug for the republican president ial candidate josh lipton on the story in san francisco, josh . Melissa, here in Silicon Valley the only thing rarer than a tech ipo could be a fan of donald trump and thats why he was so surprising to learn that intel chief brian planed to host a fundraiser tonight for trump at his home in california. The New York Times says that event was then cancelled without explanation and a statement to cnbc and intel spokeswoman saying Brian Krzanich is not endorsing a president ial candidate. Were interested in engaging both campaigns and dialogue in issues important to the technology industry. Trump may have won over voters and according to the latest nbc news poll, hes in a virtually dead heat with Hillary Clinton but his views on trade and immigration alienated elite. The industry made it clear which candidate it wants to wind the white house soft far its donated 1. 2 million to clinton. As for trump, 1300. According to the center for responsive politics and tech executives arent shy about their opinions regarding the real estate mogul. There is an 80 chance donald trump learned how the internet works from dr. Seuss. Even rightwing Silicon Valley heavies have come out swinging saying mcconnell and boehner love trump, what else do you need to know . Trump could moderate tone and views once this general election kicks into full year and win over well healed techies. Trumps campaign did not respond to trumps concern . I believe donald trump only just started actually fundraising, wasnt accepting donations and so could the numbers be skewed . Listen, beyond the numbers certainly we should point out he has detractors as of now and has some fans, at least one big notable fan, peter teal investor billionaire cofounder of paypal is slated as a trump delegate. That was one. I was on a call with trump guy here in california who is running his campaign in california and i asked if there are other tech heavy weights that have come out so far for trump and he didnt answer the question and referred me to trumps people in new york. Well see if as this Campaign Works in the general election, if others come to his aid. Josh lipton, thank you. Josh lipton in san francisco. What does this mean . He said apple should move the manufacturing here to the united states. Look, if anything, if anything, its going to cause a frenzy from the standpoint of costsavings. Forced cost savings. They will bring a boat load of cash back, back here and be forced to build a facility and force to cut cost. Tech went through that and cut cost dramatically. Bringing it back will force them to do it in a different way. Youll have to find bolt on companies and pick up dramatically and look, they could say what they want. Maybe this is more of a democrat republican divide in Silicon Valley but the reality is, its going to force them to do a lot of work. Do we know enough about trump to think hes bad per se for the Tech Industry or internet . No, they are still hes still running for president. This is the first time he had any success in traction running for president. Its okay to be afraid of these but the truth is there is checks and balances. He cant do this alone. Hes got to get through congress with a lot of these ideas that he has and he wont be able to. Oracle seeing big volume today. Dan is at the smart board looking at the action, dan. A formal internal accountant at oracle filed lawsuit to say they were inappropriately accounting for Cloud Service revenues. The stock was down 5 at one point. Closed down 4 on the day. I expect this will be a story that dogs oracle for a little bit until there is clarity. Options 7. 5 times average. There is one trade that caught my eye shortly after the opening when the stock was near the lows at about 3880 paying 1. 32. Those break even down 8 on september expert ration taking a quick look at the chart. Really interesting price action today. This is the 200day moving average. The stock opened down there. It stopped on a dime there and then here, look at this baby. This looks like a big head and shoulders top and maybe looking for protection below the market. Thanks for that, dan. Check out the show tomorrow 5 30 p. M. Tomorrow. Coming up next, final trade. Stay tuned. Im here at the Td Ameritrade trader offices. Steve, other than making me move stuff, what are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place and lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim. Td ameritrade. Every year, the amount of data your enterprise uses goes up. Smart devices are up. Cloud is up. Analytics is up. Seems like everything is up except your budget. Introducing comcast Business Enterprise solutions. With a different kind of network that delivers the bandwidth you need without the high cost. Because you cant build the business of tomorrow on the network of yesterday. Because you cant build the business of tomorrow in a world held back by compromise, businesses need the agility to do one thing another. Only at t has the network, people, and partners to help companies be. Local global. Open secure. Because no one knows like at t. Final trade time. Grasso. Under armor had a rough couple days usually up 6 . Abbvie making the right moves to get in an oncology program. It was a great acquisition. Buy the stock long term. B. K. Big day tomorrow with the jobs report no matter what happens, i think you can protect your portfolio by buying spy put sfw sfw. Consumer staples. Im melissa lee. Thanks for watching. In the meantime mad money with jim cramer starts right 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 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 to teach and educate. So call me. Tweet me jim cramer. So now that going away didnt work, were supposed to lighten up in june before the