The inauguration. That seems to be whats happening now but were still within less than 1 . The s p closed at 23 and change today. We have had had days where the s p is up in essence twice that much on any given day so could you see a scenario where all along mr. President elect trump has been waiting for his Inauguration Day to get that magical 20,000. Would it surprise anyone out there, the do you jones miraclely trades 20,000, i could see that. With that said, the internals of the markets have not been great now for the last couple weeks. There are some troubling signs. Banks havent be trading well. I could easily see in the scenario tomorrow where the s p is up. What do you do if that happens . Provided nothing gets said thats not necessarily smart. I would say if the market sells off big tomorrow i think you pick pockets like financials. If theres an opportunity to buy stocks. I think on weakness there is. I love the drug stocks here. I think weve talked about pfizer. These are names i really like. Id stick with those. Tech in a pullback you look to buy too. I actually thought today the mnuchin hearings were very important. He is a central player in the trump administration. I thought he actually did an outstanding job. I was thinking actually things would trade up a little bit. It was combative at times. He really head his own and seemed very thought offul, very smart, very comfortable with his skills and i think i think he did an excellent job, so i think that was a nice thing to build on. Tomorrow if trump maybe he says something in his inaugural address. I dont know what he could say that would be that dramatic. Something unifying would be nice. Nothing much has changed. Im staying long what i have. I dont see any reason to change right now. If you go back two days ago, and shes going to be speaking tonight in california again so i would assume shes going to say similar chatter about getting to that 3 interest rate. Youll see the dollar run. Maybe see yields react to it and the s p should move higher. I like guys call talking about the inauguration. Everyones set up to sell it. Everyone is set up to sell the inauguration. I think everyone sat on their hands today. It was a very boring day other than were waiting and waiting and everything on mnuchin. So were sitting there and you look at the dollar. It was boring then all of a sudden everything was hitting the fan at the same time. Guys were selling financials. Buying energy. For me i think you really have to pace yourself and next week you could see pep start to get their ducks in a row and start to say, now we got to go back to work. The market wont break. I think still the market moves higher. This is just in from kens show, our friend, the past five inaugurations of a new president are not historically good days. The dow is down an average of 1. 3 . Tratding negatively 80 of the time. And a week after the inauguration the markets tend to rebound so its a one day sort of event according to ken show. I think that and i will say i understand those stats. I dont know that people were necessarily set up to sell the inauguration. I think it was more of a take little wait and see for a lot of people. They put their positions on and it wasnt necessarily just blow out positions on the inauguration. I think that we expect theyll be some pullback. Thats the date well put in our minds. When trump started talking about health care, repeal of obamacare thats when the market ran out of steam. Everyone was looking toward Corporate Tax reform, thats where the juice in this market. The average person is not really excited whether you like it or dislike it about the repeal of obamacare. For me you need to talk about Corporate Tax reform. Thats the major issue. Is it just the order of priorities or just the order its not that talking about the repeal and replace and whether or not its going to be replaced while its being repealed that is showing some fis sewers within the republican party. Donald trump has run on this repeal of obamacare. Said it was the most horrendous thing. So that was good for the campaign trail. But to put it in the list of things that he wants to work on immediately, i think you got to get back to Corporate Tax reform. I agree. I do think the order is important. He doesnt have unlimited capital, political capital. You dont want to use it right at the top. Corporate tax reform is number one. People do not know what that order is. Theyre concerned whether or not hes actually going to implement a lot of these policies in a massive fashion or broad based fashion so the concern led to some selling or some sort of wait and see to see what that result is. I understand that. Could a Trump Presidency be a throwback to the 80s. From 1981 to 1989 the dow soared here to discuss the potential for a reagan 2. 0 rally is david stockman. Hes the author of trumped. Davids its also good to see you. I dont think were on the verge of a ragen 2 it. 0 rally. The market is pricing the Second Coming of Ronald Reagan. The news flash on the eve of the inauguration theres no reincarnation coming. Were at the diametrically opposite position that we were in 1980. Ragen by accident had a massive stimulus that amounted to 6 of gdp at the peak in 84, 85 because the tax cut got away from the process. Huge defense build up and so forth. The issue and we have it on the chart here is when he started the debt was a trillion, 30 of gdp, 35 years later its 20 trillion, 105 of gdp. He had enormous amount of running room, clean Balance Sheet. Theres no running room. The deficit the debt ceilings going to come back in march 15th and instead of a massive fiscal stimulus youre going to have a fiscal blood bath of untold proportions and therefore the tax cut that we get wont come in nine months like reagans itll take two years at most if we get it. It wont be 6 of gdp where theres massive stimulus, itll be a deficit neutral swap of a broader base or a border adjustment tax for a lower rate. This doesnt this helps in the long run. Its good. In the short run, it will not create this kind of huge stimulus that the market is pricing. Then you mentioned obamacare. Obamacare is trying to repeal it and replace it is going to be a fee asco. They will be bogged down on this for months and months and months. And when the cash runs out at the treasury, the debt ceiling goes back in march 15th, itll be 20 trillion. When the cash runs out theyre going to have a showdown that will lead to a Government Shutdown or a crisis in the summer that is far greater than 2011. When the market begins to see awe this, the Second Coming of Ronald Reagan is going to be priced in. The catastrophe of Donald Trumps fiscal policy will be what drives things and it wont be north. I think your point about the context in which these reforms the reforms might look similar on the surface but its the starting point thats very different between these two president s. Why do you think the market wanted to believe so badly youve been on donald trump won and youre here with these same predictions. The markets near record highs, this huge rally. The market turned around a thousand points in the middle of the night. Lets remember, if you go back to billy bush night october 24th the market was at 2150, 2260 its up 5 . That isnt a huge thing in the great scheme of things. But the market wanted to believe that the toothfairy was coming back yet somehow there was going to be a manningic without looking at the facts. This is the most superficial, ridiculous theory. A bunch of steps further than melissa did. You left the ragen administration in 1985 because you were against debt and deficits. Lets go back and forget about the night before the election, lets look at the markets through that from 1985 till now, why now do we have to worry about debts and deficits when the market seems to be addicted to debts and deficits . In the interim the Central Banks created the greatest parking lot for sovereign debt. Back then the Balance Sheet of the fed was 200 billion today its 4. 5 trillion. Where did that 4. 2 trillion go . It bought up a huge amount of the treasury debt. If you look at the world back then all the Central Banks had a trillion Balance Sheet. Ecb didnt exist but the predecessors. Today its 22 trillion. If you buy up in the order of 20 trillion of sovereign debt obviously the price went up, the yield went down the problems of deficits was deferred as long as the banks keep printing. My view is the banks are done. The feds done. The ecb will be tapering soon. The bank of japan is totally lost. The peoples bank of china is actually having to retract. So if the banks are done after 30 years and the deficits are massive in the debt is like nothing that even was imagined then, you saw the chart over 100 of gdp here, then were in a new world. As much as i supported trump i voted for him. I was all for changing direction, but he does not have a snowballs chance of putting together any kind of coalition that can pass a big deficit add to the deficit. We already have 800 billion before one penny of stimulus tax cut or Infrastructure Spending. The thing that people need to realize is the republican majority is a myth. Its a gang of factions who will be lined up in circular firing squad within three or four months shooting at each other. Theyre not going to be able to drive any of this through. You have 60 congress people, not coming to inauguration. This is like nothing ever before the system wont work when you have people boycotting inauguration before the man even gets started. David, thank you. Always great to see you. What did we do today . Ahead of the inauguration. I didnt buy stocks today. Obviously i did take some profits there. 74 bucks. Sold a little bit in the banks and i did look to it buy certain parts of technology, looked at names that i liked on any weakness and that would be the security names which actually rallied a little bit. If they do pullback id be a buyer in security next week. I offered some uri calls. I actually didnt get them off do i want to sell them lower tomorrow. I like these deal stocks that i have been talking about for a while. I actually added to mon san tow recently. I do think you have a 25 of that upside. You can look at time warner. Nxpi theres a bunch of issues with mergers that people dont think are going to go through and i think the people that he puts in charges in those different sectors of the economy are going to be a little more lenient on these deals. Weve been talking about tesla for a while. You saw adam joe nus of Morgan Stanley will raise his price target. Very quietly teslas had a very good year. Ill say yes. Tesla moves higher. Trumps pick to head the treasury getting drilled and it was what he said about the dollar and the banks that really caught traders attention. Well hear his comments. Check out shares of American Express and ibm, down in the after hours. Blue shares were rallying. Now down 3 . Well tell you what spooked investors in the post market. Its the one dow stocks credit that could rally this year next under a Trump Presidency. The name when fast money returns. Much more ahead. t do nhehes nven atero bet din i ere, i t s. Nlr f fur you s t ts . U d did you know slow internet can actually hold your business back . Say goodbye to slow downloads, slow backups, slow everything. Comcast business offers blazing fast and reliable internet thats over 6 times faster than slow internet from the phone company. Say hello to internet speeds up to 250 mbps. And add phone and tv for only 34. 90 more a month. Call today. Comcast business. Built for business. Welcome back to fast money. Weve got a news alert on jamie diamond. Dom. Hes getting a pay boost. What we got right now the new pay package now improving for 2016 a total compensation pack yaj of 28 million. 3. 7 increase over the 27 million he made last year. Of that 28 it million, 1. 5 million will be an annual base salary and performance based in compensation will be 26. 5 million. Five million of that incentive compensation will be in the form of cash and the rest of it, the 21. 5 will be in the form of performance share units. Interesting move here. Jamie dimon famously made that call back on february 11th. Back over to you. Karen im guessing hes worth every penny. Yeah. All those pictures of him smiling. He should be. The last point that dom made is the most important. When nobody liked the stock, he did. He stepped up and bought half a million shares. Clearly he was right to do it. Hes made so much more on that trade than this relatively small move. He deserves it. Hes a great ceo. Thats a really important part, when you look at everyone always says why are insiders selling their stock, its plenty of reasons why they sell, only one reason why insiders buy stocks and thats an incredibly important point. When you look at the handful of people that could run a company like jp morgan as effectively, hes worth every penny and literally then some. Trump stock cater pillar. Which is about 20 higher than where the stock is right now. Stocks up 10 since the election. Both this year and in 2018 and their point was that they did these dealer surveys and dealers are more optimistic versus the Fourth Quarter. It im big on renaissance. I was born during the actual original renaissance. That being said so cater pillar started the year 60 bucks, its a tremendous move and the stock that isnt cheap. You talk about a Company Trading trailing earnings. This is not a growth they dont deserve that multiple. They dont have the vision, the clarity that they once had maybe five or six years ago respectfully theyre ceo has gotten it wrong at every turn seemingly over the last couple years. Yes, the stock has rallied but its rally on hope and expectation. They report on january 26th or 27th i believe and they better Say Something really encouraging or the stock gives back a lot of the gains. This is one of mr. Einhorns idea earlier this month. Im a seller. The Infrastructure Spending everythings been priced into this story and just you cant be priced in so. Same way that financials cannot be fully priced in. All the good news until something actually changes. The move weve seen totally agree. And also also. Hes going to have a lot of infrastructure. If infrastructure gains any traction whatsoever, cat, uri, the whole complex. How long did it take to build the empire state building. Like year and a half roughly. You try to build that today, look downtown, it took ten years. It takes a long time because environmentals get in the way. There are a lot of people it could rip higher again. Thats actually good for rental. The longer the project takes in general theres a lot of red tape. The moneys not going to be dolled out as fast as we expect it to. I think theres a lot of paying forward in this name. Im a seller here. You still on uri . No i sold it and i sold it too early. I sold some too early but i got to take some money off the table. Still ahead. Ibm and American Express both on the move in the afterhours session. Ibm shares were higher. Now theyre lower by 2. 6 . Im melissa lee youre watching fast money. In the meantime heres what else is coming up on fast. The u. S. Currency has been the most attractive currency to be in for very long periods of time. I think that its important and i think you see that now more than ever. So then why has president elect trump talked down the dollar . We will break it down. Plus no drugs, no alcohol, no cigarettes. And no wonder booze stocks have taken a beating in the trump era but now could be the time to take a sip and well explain why when fast money returns. Iho evy ecer m r b b s ccarmat ch et eod, cr m r b b prno emaat. S e. Y i usade le. Its onmoevic,. Eod, cr m r b b tndred aat. Ae ows g q we are live at the nasdaq markets. Heres whats coming up. Two big names ibm and American Express reporting afterhours. Amex lower. Well find out whats got investors running from big blue. The Conference Call is underway. The very first ipo of the year happening tomorrow. Well tell you why it is and why it can be the beginning of an ipo flood. First we get started with president elect trumps pick for the secretary treasury. Eamon javers joins us more on this. Reporter they always say they want a strong u. S. Dollar always that is until we saw Steven Mnuchin not quite exactly say the thing today that we always expect to hear from folks over at treasury. Take a listen to how he responded to this question about Donald Trumps previous remarks on the u. S. Dollar. The u. S. Currency has been the most attractive currency to be in for very, very long periods of time. I think that its important and i think you see that now more than ever. I think when the president elect made a comment on the u. S. Currency it wasnt meant to be a longterm comment. It was meant to be that perhaps in the shortterm the strength in the currency as a result of free markets and people wanting to invest here may have had some negative impacts strength in the currency may have had some negative impacts thats not exactly what were used to hearing. After the hearing though i had a chance to get up with mr. Mnuchin and chairman orrin hatch. Heres what they said. Ultimately though do you think your nomination is in good stead at this point. Just appreciate the idea. Hes going to get confirmed and he should be. We got a really notch person who i hope will help pull this country out of the mess its in. Can you clarify where you are about tax reform. Border tax for example. Where you think we should go on obamacare taxes. I think you heard a lot today from the committee. Hes not going to do that right now. This is a complex issue. We all know we have to do tax reform, the question is what form. Reporter so the question is what form. Mnuchin didnt want to say more than he said in that hearing. The chairman thinks mnuchin will get confirmed. Not clear at all whether democrats can peel off any republican votes which they would need to do in order to block mnuchin. That might not be the case. Mnuchin generally seen as relatively weathering the storm today under tough democratic question. Thank you very much. One of the issues brought up is the dollar is trump good or bad for the dollar and of course also the question on tax reform. That maybe we saw a little bit of a selloff in the midday when the dow was down and that was because we didnt get enough detail about Corporate Tax reform from the treasury secretary is. I think its a big problem. If you look at going from a 35 Corporate Tax rate they talk about 15, 20, 25, obviously the lower the better for the corporation, instant wind at the backs of corporations but i think youre seeing people that arent lifetime politicians being questioned by lifetime politicians, so theyre being coached, coaxed to say the right amount of things. Dollar weak, dollar strong. Ultimately this is good for gold, gdx is where im long and i put more recently. I like when mnuchin did this when he answered that strong dollar, weak dollar, when donald trump said those comments the dollar pulled back. His quote was, a strong dollar is killing us. Yeah. Seskt actively what he said. By the way, he happens to be right about that. Because when you run debts that we run you want a weaker dollar because it bails you out. It stinks for the citizens of the country but its great to get us out of the problem were in. Mr. Trump understands that so when he says Something Like that he says what he believes but the cross current that are going to go on do we have a strong dollar policy or weak youre going to start hearing this more and more. Currency, destabilization of currencies is not a good thing, period. Itll be interesting to see what ibm says about the dollar and how its impacted its results . Do you stay away from the multinationals at least in the shortterm knowing the dollar sup where it is and the comparison i took it exactly, near term effect. Donald trump was talking near term, theres no question in my mind does the American Public see that . They dont see it that way. He did all yes or no answers for the most part. Multinationals not necessarily. Do i believe there are border taxes a big, big problem. Right now its a bigger issue, bigger concern than the dollar getting out of control. I dont think the dollar rally a lot more. Mnuchins in a really tricky spot. Weve never had a more global currency market than we have right now. We used to be able to do whatever we wanted to control the currency. Thats no longer the case. This is a very unusual president in that he tends to speak extem praniusly and set policy that way. Its very difficult for mnuchin to try to. Explain. Explain and support when you dont even know whats coming, so i think he did a pretty good job of navigating that very difficult path. New border taxes under a Trump Presidency, shares of beer losing their buzz. Since the election alcohol stocks have taken a beating with trump and the gop key part about companies with high global exposure and the beverage stocks are no exception. And a change in cross border tax policies could mean that companies would no longer be able to take deductions on imports which could weigh on the firms bottom line. Its not just the potential border tariff battles causing the stocks to miss out, theyre part of a broader sector thats been left out of the party. The Consumer Staples which unlike other sectors is not as likely to benefit from trumps other proposed economic policies. Were seeing a sector rotation. These are high dividend paying stocks that arent favored by investors. They are still having these high growth rates. Back to you. Thank you. So lets trade the beer stocks and she mentioned std for instance. They talked about import beer volumes siting strength. Stz it could be an important stz even though the border tax sort of overhang is there. President s tee toe taller. Do not drink at all. There have been many famous people throughout history. I think warren buffet is as well. That doesnt play into this just a little bit. Competition is whats killing these guys. Sam adams its called boston beer now. Look at the run it had in the 2015 and all these craft beers came to pass. Look at what the stock has done since. So its more competition than anything else. One place could be interesting given the recent selloff is constellation brands. Diverse enough where you could take a shot. I think the whole space, by staples say problem. Theres this see change going to the microbrewer i didnts. I think staples are challenged Going Forward. Id look at retail and the staples, he goes on border tax then pulls back. They dont really know what theyre doing yet. Need more clarity to know still ahead a number of huge tech unicorns are waiting in the wings to make their public debut. Weve got a special report next. Check out shares of ibm and American Express on the move. Well bring you the latest right after this break. Se ] be glto sins ays whe e tonlth o arn hedeere willays be. Welcome back to fast money. First ipo of the year. Bob pisanis got more. Reporter ive been disappointed as well this time the calendar really is starting to fill up. Weve got 12 deals in the pipeline. The first significant ipo of the year, this is keen group, pure play on the oil and gas fracking business. They play in all the right places. Theyre revenue fell in 2015 and 2016 like everyone else but opec cut output recently and theres hope business will be improving. Looking to raise over 400 million. They had 16 million shares earlier in the week. With trading so strong, the market stamps for deals right now. A lot of pentup demand right now jagged peak energy oil and gas. Jeldwen holding, they launched a 550 million. Then we have laureate education, for profit Higher Education company. Tough sell given how poorly this sector has performed. Our tech unicorn of the year app die nammics. Theyre seeking to raise 132 million. Thats a very low float. Favored strategies of these tech firms seeking to go public. Well see if that one works. Retailers its still real big problems. Claires they withdrew their plans for an ipo on tuesday. They follow on the path of kneeman marcus. Its tough because retailers need to raise capital but the Retail Business is no good right now. Two big energy names, tech unicorn, and melissa, six, seven Smaller Companies mostly bio tech not a bad start to the year. Back to you. Thank you very much. A year ago it would have been un thinkable to think of a fracker going public. A fracker and for Profit Education company. Its amazing. When you look at earnings and the s p how Energy Companies were just beaten down and thought to be going out of business. The real problem is refiners getting back to those border tax, you want to stay in the service names. Bio tech you think the environment is clear for these guys to go public . Yeah. This year were seeing deals work. Worked out great for us. I think its starting to come back. Go to the exchanges. Nasdaq trading 67. If you look at the stock over the last five or six year the trajectory has been slow and steady. Deals come into market exchanges only win for this. Nasdaq will be one of those winners. Plus theres the kicker you never know what kind of m a youll have on the surge. The one and only, dan nathan. What do you expect in terms of ipo . Reporter its been wildly reported that some of the big mega unicorns are coming. I think we have a graphic here. This is from sg insight. 186 unicorns. Private companies valued at over 1 billion. Obviously thats a number that some of our biggest publicly traded tech scotts are sporting. Heres the situation. Some of these things are coming. Wildly publicized. How do we think about it . Theres been ton of m a. Specifically as you think about snapchat, wildly reported to be coming, theres a certain scarcity value. I think public investors want them to come. Private investors that have invested would like to see an exit so i think theyre coming in 2017 for two reasons, were in a low volatility period right now and interest ralts are still relatively low so you could get investors who snap these things up earlier in the year. What does this mean for investors in facebook or amazon or netflix . Weve seen it before, when alibaba was coming in 2014. It was a massive deal. What happened to google that some people thought was a pretty decent comp here. The stock underperformed for most of the summer into the fall when that ipo came. Look at the facebook. Its obviously been underperforming since november. Could that be used as a source of fund . Obviously the story is pretty wellknown. They told us theyre going to be spending more, investors didnt like that. Facebooks going to report in a couple weeks. Lets say youve had some monster gains. In q 1 you may just look to do stock replacement strategy. The february 3rd weekly expiration thats the week thats going to catch their earnings. Thats a pretty good way to protect your downside if you have big gains and youre worried about, lets say, an ipo surge that could cause facebook to be a source of funds. Karen, is that a concern of yours seeing that you have alphabet and facebook . Yes and no. We mentioned in this piece about selling just a portion. So you may have these big public numbers like the enterprise value may be great but the actual amount of stock thats sold to the public is not that much. If it only soaks up a billion dollars that really doesnt siphon off very much. If you have a snapchat, big evaluation i think thats good for facebook, for instagram without taking the money away from anything. Thank you. Dans hanging out. Grand old time in san francisco. Very good call. I think thats the source of fun. Still ahead ibm, American Express theyre still on the move. Youll get the latest from the Conference Calls which are just about to wrap up right after this break. Youre watching fast money on cnbc. Ig . Whthd ho to aive rhtm the d dt na os x eht in pmeeahtre, sufrta whaoutivaapppphahiort ris a s5 . Whthd ho did you know slow internet can actually hold your business back . Say goodbye to slow downloads, slow backups, slow everything. Comcast business offers blazing fast and reliable internet thats over 6 times faster than slow internet from the phone company. Say hello to internet speeds up to 250 mbps. And add phone and tv for only 34. 90 more a month. Call today. Comcast business. Built for business. Hustin time for an earnings whip. Ibm and American Express wrap up their conferences. Reporter well, it was a beat on the top and bottom line and that initially pushed shares higher hitting a new 52 week high but they fell shortly after that in afterhours trade. Last time i checked they were down more than 2 . That may be is perhaps as investors took note that while ibm Strategic Imperatives unit did analystics that now makes up more than 40 of total revenue but thats still not enough to make up for ibms declining legacy business. On the earnings call, ceo acknowledged this. Turning to Global Business services our performance reflects continued declines in the businesses we are shifting away from. Now he said that theyre shifting away from that toward their digital businesses, ie Strategic Imperatives and double digit Revenue Growth helped them. The takeaway is that ibm has just nochd it 19th straight quarter of declining revenue. Ibm continues to reward shareholders which on another note has led some analysts to wonder, whether or not its investing enough in research and demt. Despite the afterhours drop ibm is trading very close to that 52 week high. I did on the Conference Call hear the first question it came from Morgan Stanley and she asked, watson business gets a significant share of press but not a significant share of revenue. Weve asked this in the past and she gave a similar answer as cfo martin show der. It goes a silver thread that goes through all of ibm. Dont expect ibm to break out those numbers any time soon despite the billions they are investing. Lets tray this year at this point. Ibm is up 30 in the past 12 months. Now where are we . This was my secular short. So i do believe that they cant transfer over to those Strategic Imperatives quick enough. 40 isnt enough to move the gamut for them. I do think theyre in trouble. Changing those legacy businesses. They cant get rid of them quick enough as they can add all the stuff thats sexy Going Forward so i do believe what was old is new. That has gone to pass and i think the dollar is going to be a problem for them Going Forward and theyre legacy is business is still a problem. Whats fascinating is, you know, Strategic Imperatives we knew was a small part or relatively and it wouldnt be enough to offset the secular decline. Here we are. Its news. Stocks down 4 from the highs in the afterhour session. Whats the right multiple . I dont know what it is but i dont think its in the midteens. Its probably lower than that. Do the math. They just said theyre earning 13. 80 next year. It traded to the low one teens last year. Probably not going to get there now. There is hope for watson and what have you. It doesnt make since at 163. Susan lee on the latest on American Express. Reporter disappointing earnings being impacted. They loss to visa and citigroup. It was a big loss for the company and as a result American Express also had to spend more in order to retain those former cost cocustomers luring them to stay from promotions and marketing and that extra spending to retain customers and also to bring in new members. That hurt their profits in the Fourth Quarter which came in below market estimates. Something else thats out of the norm for American Express in the quarter, an increase in delinquenciys, a modest one but still for a company thats supposed to have and be the Gold Standard when it comes to high end customers, some of the highest net worth in the word. This is a bit surprising. Amex noted theres going to be a tougher road ahead on the earnings call. There is still a lot of work to do. It remains a challenging economic competitive regulatory environment. So we are intensely focus on executing the plans we have in place. Reporter but the good news is they raise their guidance for 2017 and their stock is up 14 since the election because theyre expecting more people to spend this year and under the Trump Presidency. Back to you. Thank you very much. How do you feel about amex. Its okay. They started turning things around before the election, the costco thing is obviously very huge for them, but thats been a while. So hopefully thats the last weve seen of it. Id rather have j. P. Morgan and master card than American Express. Right. American express to me i look at the higher end saying the stock market gains have been healthy for people he to have money invested in the markets. Most optimistic on this play. It worries me about delinquencies though. Revenue, same story as with ibm. They need to show Revenue Growth, how longs it going to take before that happens . You need to see it for the stock to take a next leg up. Final trades up next. Thgth. E e weitanoncasu dn s f pout u weulicvite car i time for the final trades. I said it before, gdx. Im staying consistent. I added recently and havent done that in a while. Karen. It was my final trade yesterday. I want to is he some united rental upside calls in case this infrastructure spend doesnt happen so quickly. Ual basically is at our target right now. Its going to struggle to get through 74 technically. I say sell it here. That mcdonalds thing yesterday did not sit well with me. It didnt, really . Theres a day after effect. We should have done like a postop type thing. Im glad we didnt actually. But, you have this stealth rally in tesla, nobodys talking about it, adam jones is talking about it today. Im melissa lee. Mad dont go anywhere. 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 educate you. So call me at 1800743cnbc or tweet me jimcramer. Good. Good, were getting it over with. Lets just get this selloff rolling in order to put an end to the endless