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tv   Fast Money  CNBC  September 14, 2022 5:00pm-6:00pm EDT

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they are going to benefit from a lot of ways, that automation and efficiencies even the chip shortage is something they've gotten in front of as well i think they're on the forefront of that automation that's needed to help with the labor market issues >> labor replacement jessica, thanks very much. all right. that does it for "overtime." "fast money" begins right now. right now the clock ticking toward another potential supply chain time bomb. we are just hours away from a massive rail strike that would shut down train traffic coast to coast, the latest on negotiations and details are looming economic devastation the ceo of mcdonald's delivering a downbeat message about the u.s. economy, china and the road ahead for europe also his brutally honest take on the future of the mcplant burger a list of boring but beautiful stocks for a rough and tumble market inside the netflix plan for streaming with commercials and
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fed watchers are all over the map with what powell should do next we'll get the traders to choose their own rate hike adventure. i'm melissa lee. on the desk tonight, karen finerman, dan nathan and jeff bills. and we start off with the countdown to a rail strike that could crush consumers. we are fast approaching friday's deadline to reach an agreement on sick leave, quality of life policies if the two sides cannot come to terms and workers go on strike, that could cost the u.s. economy $2 billion a day and wreak havoc on the retail industries which are still grappling with supply chain and inventory issues negotiations being closely watched. kayla tausche has been falling all the developments, joins us with the very latest kayla? >> reporter: melissa, here at the department of labor, negotiators are entering their ninth hour of talks just a little more than a day before that strike could set in earlier today we saw leadership from the two original union
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holdouts arriving here representing half of all railworkers to meet with railroads and the administration with all parties hoping to make a deal but they're discussing a pretty narrow proposal from paid and unpaid time off. a board appointed by president biden put forth a compromise on wages and health care but so-called work rules are out of its jurisdiction earlier today white house press secretary said the report puts the onus of resolving differences on the parties themselves not by congress but the problem is railroads are already understaffed having laid off 45,000 workers in recent years. union presidents don't really have much wiggle room at all from their members the machinist union workers rejected the tentative deal reached by its leaders with other unions and now they have another two weeks to reach their own deal in a statement it said it will continue pushing for what it calls a fair contract that
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ensures members and their families are treated with the respect they deserve meanwhile, just a few yards from here the capitol building senate republicans have put forward their own proposal in it it would essentially impose the recommendations by the presidential board and avert a strike but so far as of this hour with negotiators still here talking there's not enough support for that proposal. melissa? >> is there anything the administration could do should there be a strike to use emergency powers to make sure that certain things actually get transported to where they need to go? >> reporter: well, that's what they're working on so far, melissa, trying to identify which emergency powers they have and how and which items could be transported by things like ships, by air, by trucks the problem is a lot of those staffers are in short supply, too, with lots of pinches in the supply chain the last 18 months or so. it's expected there's more contingency plans and there
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could be hiccups going forward >> kayla, thank you. kayla tausche. very inflationary, isn't this, dan? >> and coming at a time we had one of the worst days in the stock market in two years because of fears of inflation when they were hoping it would be in the rear-view mirror and you start thinking about all of these things from the supply chains globally and the issues we've had and how it is not easy to shape them. deglobalization and reshoring, we know that's inflationary. then if our modes of transportation internally here are not going to be working the way we hope. there are impacts as far as wages are concerned. i think that was a really good point you made what are some alternative forms of transportation? u.p.s. and fedex have had issues i don't expect this to last very long i think we know these kind of negotiations go down to the wire and maybe goes into a couple
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days, but the one point i would say is when you think of how hard stocks were hit yesterday, it really is about visibility that these companies have on earnings and inputs and the ability to pass through a consumer that feels it's getting tapped the more uncertainty we have, the harder it will be for the stock market to deal with in the near term. >> wages will go higher for these two companies and that's not a good thing for them. at the same time, they can't just flip a switch, karen. shipments are already being stopped, chemicals, hazardous materials, because they're afraid there won't be enough workers to ensure the security of those types of goods. you don't flip a switch and say, chlorine, go where you need to go it takes a while to get that started up again >> that's why it's very inflationary and then potentially ultimately deflationary if you start to get a recession, right that would be if it drags on what are the powers the
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administration has i was surprised in the answer, they're looking into that. >> it's happened before. >> it's happened before and it was probably better to start before today given that tomorrow is the deadline. leaving politics out of it just in terms of regardless of what you think is the right outcome they have got to solve this problem whether it's in a behind-the-scenes way or out in front, i'm not really sure this would be bad for them on the heels of that inflation number yesterday >> each time we have one of these bearish type of scares, this time it's different this isn't the opec of previous times and it's no longer the supply chain disruption. as dan said, you really don't have clarity as to what is going to shock this market it's that uncertainty that surprises me begin the vix is only in the 20s.
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it shows the from sagility of te market it is coming at the worst possible time. from a market standpoint and from an elective standpoint. i would expect it to get nipped in the bud soon. in terms of what their powers are, i think they have a bit more say in terms of wages, compensation but working conditions, i think the sticking point really is overstaffing and how efficient the worker has become. we're at a breaking point in terms of how understaffed can you be and still have the requisite productivity >> this doesn't happen, this potential strike doesn't happen when things are going perfectly smoothly to begin with in terms of transporting things to where they need to go, jeff. we're sort of building upon previous problems that seem to start to mend. this is not something you want to hear about at this point. >> i think it's insult to injury on two important fronts.
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one just relative to the broad market and the potential for inflationary pressures and what that might mean for stock multiples. say eps stays and the current multiple stays where it is, 17 times. the upside on the s&p 500 is 4100 it's not much. anything beyond that will require some expansion anything that could potentially lead to higher interest rates, the correlation between rates and p/es, that expansion is unlikely when we get news like this very quickly, specifically back to the rails, the actual rail companies, we looked at a chart a number of months ago back in march. i showed union pacific we charted that up against the ism. you can clearly see that the underperformance of rails will follow the economy lo and behold that has
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continued. as represented is lower so strike, no strike. i think the macroeconomic backdrop alone is not necessarily good for loading up on the rails right now >> think about what we saw with semiconductors double ordering given the uncertainty about the ability to get those products over the last year and a half. a lot of retailers are dealing with high inventories due to the lack of visibility as it relates to supply chain issues all of a sudden in front of the holiday selling season if this were to go longer than we think it may not be that the retailers get out of the woods we may have a high inventory after that >> comments from labor secretary marty walsh saying both sides need to, quote, move a little in order to resolve this dispute.
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it doesn't sound good when the labor secretary has to poke both sides. i don't want to sound grinchy but i will risk sounding grinchy. >> grinch, what have you got >> it seems like a terrible setup. inventories are already down you would think if they are going to still come by ship or rail or by combination, it could be in jeopardy if there is a strike >> it could be i'm not sure how much of the holiday ordering has already been received. i don't know we saw the big inventory issues, we have no place else to put anything it seems dangerous for both sides, the rails themselves. the stock just took it on the chin and for the economy
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everything is touched by the rails one way or another and then also for the administration you would think there should be an outcome where it gets resolved but this is a game of chicken to the end. i guess it's possible we get a little reprieve. >> that is a possibility for more on how this potential strike could impact retail, the holiday season, let's bring in former president and ceo at walmart u.s., bill simon great to have you back what normally happens from a retailers standpoint bringing holiday inventory in and what is happening this year given all the issues the sector has faced? >> good to be with you this afternoon. it is an interesting story normally in a normal year -- i'm not sure when the last normal year was, probably 2019 at this point, the product has already flowed, arrived at port, it's been transported by rail and then by truck to the distribution centers
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so in a normal year this would be a disruption but not to the holiday sales. this year is anything but normal we've had backups at the ports backups in asia, we've had trucking delays. we finally just started unwinding that to the point where product was flowing. to the earlier guest's comment to the point where inventories had gotten high in stores because it flowed faster than they anticipated and now this would just be a disastrous blow to retail. uncertain if it would affect the holiday season more so the transition into the next selling season would be interrupted in a dramatic way.
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>> if you were still the head of walmart u.s., bill, i wonder how you would think of the situation in terms of what you would be doing right now, in terms of what you would anticipate when it comes to bringing goods in and whether or not this would cause shortages come holiday season >> it's probably too late. anything i had in the warehouse that i could get to the store over the road would certainly be moving it's when the big container ships land in ports like long beach, they need to be offloaded to rail so they can be moved halfway across the country efficiently and then moved into the distribution system. there's really no way to replace this rail frustrate with trucks or air freight it's just not possible we're going to see massive backlogs first at our ports and then secondly backing up to the
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ports in asia and in other markets that are exporting the thing i would be doing if i were in place right now is be pounding on the table in front of the government that there's got to be some intervention. the comments from the labor secretary, boy, everybody has to give a little bit, that's not really very helpful. they need to sit down and not leave the room until a deal is done that's the kind of intervention we need. >> it's karen. i don't know if you were in a situation like this but if you see this potential impasse looming, how do you prepare for this when you really don't know what the outcome will be but you know the down side of a strike will be terrible for your business >> you've got to move goods as best you can while you can if there's anything in port, get it on a train and get it moving and into your distribution system push as many goods as you can into the store even it they're going to be crowded and try to hold your prices as long as you can.
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if the strike lasts any time at all there will be massive inflationary pressures because there's already a limited supply of over the road trucks to haul goods. it will just drive the freight costs even higher. try to hold your prices. really start pounding the table for an answer. >> you said if the strike lasts any period of time, do you mean that if it's a day will it have consequential impacts in. >> i think it's already starting to slow things you can't have chemicals, poe petroleum, and they might be on a rail line in the rocky mountains. product is already starting to
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slow down. if it last as day or two we recover pretty quickly a week or two will be really damaging >> bill, always great to get your take. thanks for joining us. bill simon i do want to make a correction we got those comments from the secretary of transportation, pete buttigieg, not the secretary of labor, marty walsh. pete buttigieg, same message, though, and that is saying both sides have to give a little. that doesn't really auger well for the resolution of this dispute. it is shocking to hear, bonawyn, bill simon say if it last as week it will be terrible for the economy. >> he said that and mentioned there's already some fallthrough. the products, detail, logistics or security, things of that nature, really make this more
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complicating adding fuel to the fire is a lack of capacity within trucking it's not just pricing. no argument there. even if you could pay the price the capacity isn't there so what's the substitute there's no way around inflation in the short term if this is not nipped in the bud. >> very little reaction to this. i wonder if you think there's danger to this trade in particular >> well, i think there has to be especially given bill's comments and just understanding how the situation could evolve we don't nope how quickly it will be solved or what the impact will be on the retailers and their ability to meet d demand this might be totally off base but i'm wondering if certain retailers are better positioned than others.
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does that serve as some sort of a cushion come holiday season where they can work some of that off, meet some of the demand, or a complete inventory mismatch. trying to think if that would be helpful for certain companies over others. defensively more generally in retail, so thinking about companies like a walmart or dollar general or going up market and looking at nike and lulu trying to think broadly and putting this to the side is where i would want to focus my energy >> maybe some people want lawn furniture. >> that's what i was thinking. here is a chance to get rid of the patio furniture. maybe they have the inventory and then what happens when those goods are freed up and up get the rest of the goods. christmas sweaters -- >> right >> christmas in july >> in july, okay
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this is -- they have to settle this issue >> walmart, talking about walmart, thinking about the couple gaps the stock has had, that preannouncement, down 10% and then it rallied back and then they beat the preannouncement. i think investors are uncertain in the space even a name like walmart. coming up, did somebody say mctrouble ahead? mcdonald's updating investors on what is next the ceo laying out the list of fear factors here and around the world. plus, powell possibilities with just one week until the next fed meeting how will the central bank act in what to expect
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welcome back to "fast money. mcdonald's ceo sounding off on recession fears to trouble in europe and wage pressures out in california he spoke at the chicago economic club kate rogers listened in on the action and is here with the latest >> reporter: mcdonald's ceo was there in conversation with newly appointed foot locker ceo talking about challenges in
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operations mentioning zero covid in china being a big hurdle but not as challenging as the energy crisis in europe right now and what that means for both consumers and operators there. take a listen. >> so i do think i'm expecting a more challenging 2023. we are heading into probably a hopefully minor recession in the u.s. and probably a more significant recession in europe. >> reporter: on the fast recovery act the law signed by governor gavin newsom it was a, quote, terrible piece of policy that picks winners and losers as it regulates restaurants in the state with more than 100 locations. finally he talked about things that have come and gone from the menu, quote, if you wan the mcplant, buy the mcplant soft sales of that beyond meat patty. that test in the u.s. concluded as planned, the company said, about a month ago.
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it remains to be seen if it comes back interesting context on all those different topics today for sure. >> is europe a big percentage of revenue, kate? >> reporter: it's certainly an important market for them as is china. the u.s. is the most important he seemed more concerned about it as -- more than about a recession in the united states for sure >> kate, thanks. kate rogers. i don't know how i feel about those comments it sounds depressing all around. are we excited he's saying he only expects a minor recession in the u.s.? >> well, i think one of the reasons you want to own the stock is in economic slowdowns it's a high-quality business, recession proof, strong cash flow, growing dividend all of those things are in mcdonald's favor in terms of owning the stock at this very minute, but i think investors are certainly paying a premium right now because of that macro backdrop if you look at the valuations, i
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don't know the long term potential is where you want it to be. from a tactical perspective, a buy and hold i think is probably challenging and you can do better elsewhere >> the stock is down 5% on the year and even with the comments, the stock still closed up on a day that was mixed in the action in general this was a 2023 call and things to play out. you think about the surging dollar, food inflation the list goes on and on. this is going to be a theme. if you are excited about over the course of the year, i don't think that commentary is about to get better, we start thinking about what q4 looks like if you're a ceo and we have a week or two left in the quarter,
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don't pull anything forward. let's be murky and set expectations low >> we have a market flash on danaher, they set up plans for applied solutions into a separate publicly traded company. the company giving better than expected revenue guidance for the current quarter. jeff, you liked this one >> this is a stock we liked a lot. a less speculative play on biotech. sales are recurring revenue. something we hope for, we like to see that move it's their environmental business it's sort of a side from what their core business is i think investors like the focus. i think this is one you can stick with for a while a lot more "fast money" to
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come up next -- >> powell probability. one week to the next fed meeting and it's anyone's guess how much they'll raise. our next guest says only one option the details next plus advertise advantage shares of netflix giving a boost on some new additions to the platform will it bring a split game surge or be a bridgerton bust? you're watching "fast money" live from times square (man 1) oh, it looks like we're in a screen saver. (man 2) but we need to go higher. (man 1) higher. (man 1) we're like yodeling high. [yodeling] yo-de-le-he... (man 2) hey, no. (man 1) we should go even higher! (both) woah! (man 2) i'm good. (vo) adventure, elevated. (man 1) let's go lower. (vo) discover more in the subaru outback wilderness. love. it's what makes subaru, subaru. subaru is the national park foundation's largest corporate donor.
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i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones welcome back to "fast money am" a mostly uneventful session following the worst since june
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of 2020. the nasdaq the best performer. moderna, starbucks, airbnb the big winners. the dow and s&p small gains. fed watchers fired up to gain how what powell will do next w week larry summers wants a full point hike next week tesla's elon musk wants a quarter point drop which do you choose? >> 75 basis points, unwavering unwavering the two calling for a drop is delusional, to put it politely we're in a blackout period and it adds a shroud of unknown around that.
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every time we doubt them, they come out and make a statement. i have no reason to doubt them 75 basis points. >> i think that maybe i wasn't clear in terms of the nuance of this question. what do you think the fed should do as opposed to what do you think the fed will do? the hope that the fed will slow down what it's doing is that the economy hasn't felt the impact of the rate hikes that have been put in place already and so by going full steam ahead we could be driving the economy into a recession more quickly, more deeply, whatever qualifier you want to put there. >> it is a blunt instrument. 75 is the course >> that's what you would want them to do >> that's what i want them to do and what i think they should do and what i think they will do and we can see how the data goes and they can adjust after.
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that would be a pivot, right i don't think pivot is great for them right now >> i will be a little contrarian, i think she they sh go a full percent. we saw what happened to the stock one day when it became clear they were not going to do 50, they were going to do 75 why not do a little more, continue to front end load this thing. we see housing data rolling over the last piece of the puzzle will be employment and so, again, if they take one step forward or two steps back and try to talk back increases, they seem committed to doing it why not go big >> summers wants a full point because he thinks the fed has to show it means business where do you stand on this all
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>> i think the fed should go 75 at this point. the market is braced for it so why not do it. nobody really knows what's going to happen. take what's in front of you. do that. to your point earlier even ifw get a pause, i think this policy is going to hit us with a lag. what's done is done regardless of what they do the next couple of quarters. >> our next guest expects a 75-basis point hike next week and more hikes after that. longtime bear david rosenberg runs rosenberg research, known as serving as merrill lynch's top economist. good to speak with you >> thanks, melissa great to be on >> i will pose the same question to you you expect 75. that's a different question from what do you think the fed should do at this point what do you think the fed should do >> i would pause and assess.
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i know we're talking about inflation but the economy is flat on its back and it's a lagging indicator. this fed is bent on focusing on contemporaneous or lagging indicators and 75 basis points is baked in the cake powell basically put us on watch for that move after jackson hole irrespective of the cpi number yesterday. >> what do you think will be the consequences of the 75 basis point hike you think will happen next week? if the economy is already flat on its back and you think the fed should do nothing next week, what happens >> i'm saying i would be pausing on rates don't forget they're doubling up on quantitative tightening and that will be an ongoing source of policy restraint whether they pause on interest rates or not they're raising rates and reducing the size of their balance sheet into an inverted
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yield curve. and that is going to sow the seeds for a recession if we're not in one i can respect those that say we might not be in one already but it's staring us in the face. so the consequence is that we're going to have a recession. i guess we can argue will it be deep or mild the question is what ends up getting us out of it as an economist is that the supply and demand curves start to intersect the other way and we go back into a deflationary environment like we did in 2009. >> david, jeff mills here. i want to ask about the inverted yield curve, long-term interest rates. given your view on the economy right now do you feel we've seen a top in long-term interest rates and does that translate into the way we should be thinking about market leadership if the market starts to believe we've seen a top in rates what does that mean for what outperforms and what underperforms? >> i would like to believe we've seen a peak in treasury yields
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it would be a brave soul to make that call. this whole run-up in treasury yields hasn't been about inflation or inflation expectations they've been actually remarkably stable we just got -- before the cpi number the new york fed consumer survey and the three-year median inflation expectation went from 3.18 to 2.76% in august. the fed is focused on 12-month lagging inflation, actually the driver for long-term interest rates. i'm heartened about that the fed continues to take the carryaway and penalize investors for taking on duration risk so that's why you're better off being the front end of the curve. if my recession call comes to fruition, the long end of the curve, whether or not we haven't hit a peak yet, more of a
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trading or timing discussion if we go to recession even in the stagnation 1970s, the bond yields will come down in a recession so i do think no matter where the peak is if you're going to give me 6 to 12 months time yields will be lower over the -- through 2023, call it >> david, always great to talk to you thank you. >> thank you very much >> david rosenberg karen, what do you think >> well, it's an interesting position he has. it's not about inflation that's kind of not really the story. it's the economy i don't know if the economy is doing so badly it's hard to see where we are but coming out of the pandemic, out of the stimulus, it's extra really hard. i sort of think the fed should do what they've said they're going to do because we need a fed with credibility >> i think an interesting point in terms of pausing and
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assessing. there will be some lag and followthrough. my counter point or caveat would be you run the risk of, as you just mentioned, eroding credibility in a market that needs exactly that that is looking to have some lookthrough and really know what's coming to fruition here. i can understand the argument from both sides. again, i think 75 basis points is what should happen, is what will likely happen anything else will probably signal that there is a pivot and i think then the fed is behind the eight ball in terms of trying to make up for the work they've underscored or reversed. >> coming up, a netflix glow up. how advertisers may be able to get in on this action. the details next plus stocks just barely closed in the green after yesterday's brutal sell-off. one key metric that could tell us where markets are heading next ♪♪ welcome to life in the new open web.
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julia boorstin joins us with more >> reporter: "the wall street journal" reporting that in addition to the target of 40 million unique viewers targeting 4.4 million unique viewers worldwide by the end of this year indicating that netflix might start rolling out the ad supported plan in november so netflix has refused to confirm any details. they just tell us all of this is speculation saying, quote, we are still in the early days of deciding how to launch a lower priced ad supported tier and no decisions have been made analysts are waiting for the details. 60% have a hold rating 27% a buy. 13% a sell or the equivalent benchmark with the sell rating today writing, quote, they could deliver 20 points plus an upside with execution although early indications netflix is unrealistically aggressive on pricing given vanilla
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capabilities especially personalization versus peers and inadequate performance measurement. bofa warning that ad-supported streaming is not a layup even in the u.s. where ad prices are relatively high. of course the success of netflix's ad-supported service depends on how much it costs and whether the company raises prices on the ad-free service as disney recently did. melissa? >> isn't there a concern customers who were paying full price will just migrate downward and a certain amount of cannibalization? >> reporter: yes the idea is if netflix does this right that would minimize turn it's not any less profitable for them just peeking at the conference, listening to the live stream, at
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best -- at worst their ad-supported streaming subscribers for disney plus would be neutral they hope long term it will be more beneficial on that service. i think long term having the ads could be beneficial. what is the ad experience like and whether they will bring in new subscribers, people who never paid for netflix rather than just those who they are preventing from turning out of the service. >> julia, thank you. dan, what do you think >> i think that's the main point, you are stopping the whole sharing problem if you have this ad-supported structure. the jpmorgan analyst who made this call today talking about it, the stock had a nice little pop. he has a neutral rating and a $240 price target. you heard julia say how many analysts were on the sidelines of the stock
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if the street gets greater confidence this stock which has acted really well is going to go higher there's a gap to be filled going back to the spring so this one looks interesting to me. >> i own netflix i bought the one share that after market trade -- >> you intended to buy more than one. one is what happened >> i did buy more. it's no longer the beloved darling that it was at $450, which is sort of interesting and i also think there are positive things, content cost has to be coming down. if we're in a day of reckoning for streaming netflix will be the last man standing if there's only one at this multiple, i like it. >> i have a question if we think that a recession could be coming down the road, we're talking about an ad-supported model, i don't know something didn't make sense. everyone from mcdonald's, which i would imagine is a major
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advertiser, expects minor recession. is this a good time to launch an add-supported model and thinking they can add all those users at that moment in time? >> it's interesting. i talked to our analyst who follows the company, is generally positive on the stock. he was saying he thought it was a good time and you have some of these economic issues that may present themselves however, you also have companies, every company he talks to he is seeing them shifting more and more ad dollars to digital you may have an overall reduction but that share of ad spending going to digital, maybe the timing is good i thought the most interesting thing he said, and telephones sort of off the cuff but made me think, the ad-based platform in a way kind of dilutes some of the concerns of the free riding which i don't know how they solve. ads is all about eyeballs. whether they are paying or not, it could still attract ad dollars to the company i thought that was interesting >> all right coming up, is it time to bet on boring? if you're looking at exciting
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welcome back the s&p 500 rallying, erasing earlier losses options traders are betting the late rally is a start of more gains to come. bonowyn? >> we had unusual activity in the spy 395 calls. about 100,000 of those traded and upon initial reflection this looks like a bullish call. most of these trades are risk reducing or closing risk and that is probably why we got the rally into the bell. i would proceed with caution before reading into this as a longer term bullish trade. it looks like people are taking chips off the table. >> tune in to the full show friday at 5:30 p.m. eastern time coming up, a beautifully boring company posting very impressive returns in the volatile market. you might be wanting to buy the stk.oc
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welcome back to "fast money. cue the crickets because boring is beautiful
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that is right. take a look at some of the so-called boring stocks posting exciting returns this year archer daniels, i.t. service provider jack henry, hershey, merck, general mills, the company general mills, all with solid gains in 2020. is boring your best bet? to our own general mills jack, what do you think? >> i think it sort of is and has been that way for a while. relative performance in the broad market i like a stock like autozone you look for good charts in tough markets and it's been in a nice, steady uptrend you can't say that about a lot of stocks. i think the earnings growth holds up well. i think people are looking to fix rather than buy cars right now trading at a market multiple >> karen, how about you? >> thank you for coming to me on a boring one mine is cvs. you know cvs from the local
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drugstore. they are also cvs caremark, pharmacy benefits and aetna, in the insurance business, managing insurance even if you are not insured by them. they are building out in a very comprehensive health care structure and yet the stock i think is just under flat for the year and it's not expensive, 11 or 12 p/e and it is a steady, nicely growing company they earn mid single digits. it's a safe, boring place to be. >> for the record, karen, i went to jeff first. >> sorry, jeff >> bonowyn, where would you go here >> boring is beautiful i will stick with coke that's plain, as vanilla as it comes. we talk a lot about meme stocks and everything else that is popular. high growth and all these high flyers that have all the bells and whistles
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part of your portfolio needs to be be in low beta, .5 beta dividend yield, these are names -- it's barely at 2% but relative value versus the index that's where the money is paid i think this is a winner and the type of name you should be looking at at 24 times it's not cheap i would expect that multiple to falras upexrease. >>in tde nt.
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time for "the final trade. jeff >> lesser known name that we own, ptc i think we learned again today efficiency in supply chain is so critical this is a company that helps with that very cheap relative to its own history. room to go here. >> i keep mi eye on the volatility and i would resist the urge to buy a dip. >> karen finerman? >> we just went through the whole where would you go to hide, i don't have a better idea for the f block, cvs >> dan >> i see what you did there. >> we didn't go to you
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>> save the most boring for last so last week on "the final call" i said relativian. it's at 40 now and no overhead resistance look at that thing like a coiled spring >> see you back tomorrow at 5:00 my miession is simple to mak you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. welcome to "mad money. welcome to cramerica other people want to make friends. i'm trying to make you money my job entertain, educate, teach you. call me at 800-743-cnbc or tweet me @jimcramer. everybody knows the bear market is chapter and verse when i walk


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