Transcripts For CNBC Closing Bell 20180126

Up 14 on results this morning twitter a huge gainer this morning, well talk about its 8 pop. And then theres wynn, youve been hearing about that, a huge decline. Around noon eastern when news broke of Sexual Misconduct allegations against founder and Ceo Steve Wynn lets bring Contessa Brewer back in with some of the latest details on that. These allegations date back more than a decade and the wall street journal outlines a pattern of Sexual Misconduct by Ceo Steve Wynn the report details Sexual Assault bins manicurist who was later awards a 7. 5 million lawsuit and other forced sexual encounters with massage therapists and the like. Other sources tell cnbc that steve wynns behavior with employees was an open secret for decades in las vegas but they feared to speak out for fear of their jobs steve wynn said, the idea i assaulted any woman is preposterous then he goes on to blame his exwife, elaine wynn, for instigating the accusations. A statement from the company also blames her for tarnishing wynns reputation, to pressure him into revising their divorce settlement wynn owns a 12 stake in this company. When we were at wynn boston harb harbor, we heard from employees who regard him as leader and analysts who regard him as crucial to the success of this company. We called the nevada gaming control board. Its responsible for investigations, licensing and enforceme enforcement. Its new chairwoman told the nevada independent, quote, we are aware of the situation were reviewing the information. Lets not forget, steve wynn was tapped by donald trump to be the finance chairman of the Republican National committee, so he has some influence and importance in the political world as well. And for wynn shares, theyre down 10 as they digest all of this contessa, thank you. Contessa brewer. Lets move to twitter. An 8 pop today. Julia, whats going on kelly, those shares up about 8 , thats more than making back the stocks 5 decline since tuesday when twitter anowed c. O. O. Is leaving to become ceo of sofi. The sentiment seems to be shifting with jpmorgan reassuring investors that notos departure is not thesis changing he thinks twitter will strengthen over the next year. On Halftime Report earlier today made the case for twitter. If you look at the market cap compared to facebook, it has a long way to go with integration of tools to compete against snapchat, its a compelling platform for where its trading i wouldnt be surprised if tencent decided to by twitter this year. Facebook is no longer going to be so focused on news and content, which is twitters bread and butter this is facebook reworked its news feed to emphasize communications between users back to you. Thank you were not finished intel by far and away, the best do you performer today eric has the story. Intel surging, up as much as 10 since yesterdays close. The Company Reported better than expected earnings yesterday after the bell along with strong guidance and a 10 Dividend Increase Credit Suisse moved the price target to 55, a big jump up from 42 the stock is at levels not seen since the dotcom bubble and positive for 2018. Its also the first time intel has crossed above its january 3rd pricing levels when two major security flaws in its chips were publicly revealed back to you guys eric, thank you very much lets talk about the Broader Market and the gdp report as well joining our Closing Bell Exchange we welcome steve liesman, a rare appearance here for us on the exchange michael farr is with us today, cnbc market analyst steve grasso from Stuart Frankel is here with us at post nine and Rick Santelli is at the cme in chicago as well. Steve liesman, the headline number seemingly disappointing but it was a solid report this morning, wasnt it yeah. I disagree that even the headline number was disappointing in the sense there was this whole political hubbub about 3 economically, no one really cares if its 3 or 2. 9 the idea is that were running above trend. The trend growth we think is between 1. 8 and 2 we did a Third Quarter that was solidly above trend. And youre right, even though the headline was lower than expectations, the internals were pretty good. Consumers did well, Business Investment did well. Theres a chart that shows you where the fed and the cbo think trend is and how weve done the last three quarters which is running above it what i like is you had those two quarters above three and you didnt give it all back or revert to the mean in the Fourth Quarter. And it looks pretty good, bill, because we think theres some stimulus coming from the tax cuts as well as the greater deficit spending in that bill. And that should keep us going above trend in the First Quarter of the year of 2018. Steve, what do you think when you look at the dow up 142 points on the back of the kind of week weve had . I think the market likes the gdp numbers. The market likes earnings. The market likes tax reform. You cant quantify what the upward momentum is going to be off the tax reform until we get there. So, too early to short the market thats what were seeing right now. No one wants to step in front of the train as they have been. No one wants to get short. The sentiment indicators are either at highs or historic highs, so you cannot short this market and when you look at the overall picture, now we have infrastructure thats going to be bipartisan level. A couple days ago we heard it went from 1 trillion plan to 1. 7 trillion plan so, whats that going to do to gdp . Tax reform, the stimulus plan means higher markets cant short it just yet. Rick, i did the math, were up 20 basis points, roughly, this month alone on the tenyear yield. At this pace we could hit 3 by march. Thats true, but think about you think thats likely you just brought up an area im probably going to cover in exchange on monday because if you look at 2015, when we settle at 20 2. 27 or look at the 2017 levels we settled, i noticed we seemed to get this kind of january, february, march run. We made our high yield last year in march and i think thats very important. Now, 2. 66 on the board right now. Were vying for the highest yield close because its currently actually 2. 66 from last friday. But we could be making a new fresh high yield close going back to may 12th of 2014 thats on a closing bases, not intraday i think rates is a big story but i also think an equally big story is how much ground so many oriole markets have covered. Here we are still looking at a march 2017 comp and within a handful of basis points. Yes, yields are up, but think about how much higher the dollar index was last time we were here in march of 2017 think about how much lower the stock market was, how much lower the european level of activity was. I think when you think about it that way, two things jump out at you. The distortions of central bank, which may be cleaning up a bit, still have left some of these remnants and i do think that the one area that we need to be concerned with is, should this market test and trade above 3 any time in the first half of 2018 that, i think, would not be something other markets would like because it would raise the stakes rick, dont we get a refunding announcement next wednesday from the treasury . Arent they going to tell us they need to borrow 1 trillion this year . Yes, much more. Are your friends behind you, are they going to be calm when they hear that number or is that the thing next wednesday that could potentially say, wait a second, we kind of knew this was coming but when when we see the demands from the treasury and we see it on paper, thats what gets them excited or concerned about the level deficit spending thats coming and the need to finance it. The guys behind me know that like the back of their hand. Now, thats not to say that the market cant chew its tobacco twice and have another move based on the fact that thats already known. And a good chunk of that issuance is going to be tbills. They do look at bills differently and you need to consider the bill aspect in line with three fed hikes its going to create a bit of demand theres going be a channel of buyers that will like those shortterm rates on bill issuance the coupon side is half the amount you mentioned i think the market can digest that as a matter of fact, the market is hungry for some paper all right michael farr, one contributor to needing to raise that much is that ubs, which put out this estimate, thinks the deficit this year could be in the 700 billion range. What do you think the effect of all this is . Maybe that helps explain the recent weakness in the dollar . Maybe i think so there are a lot of explanations probably for the recent weakness in the dollar. Im not sure that any of them you can point to as being the reason while everything that were hearing is really fairly strongly bullish, i think from gdp to the upcoming refinancing and the other messages on the tax bill, you know, the one thing that was terrific today, the president gave a hell of a speech this morning. I mean, he was i thought it was terrific i thought it was president ial. You know, America First, america is not alone and america is open for business it was a terrific message to the World Economic community i think markets continue to like that but as markets are making new alltime highs, i think you still have to be cautious. I still think you have to own a good Balance Sheet markets dont go up forever. While they do, own really good stuff and stay close to your chair because that music stops sooner or later. You cant get carried away, is my point. It is concerning, to michaels point, that this is the second longest streak weve had above the 200th day moving average. If you try to thread that needle for people trying to pick the bottom, pick the tops, its impossible to do because the last time we were above the 200day, we only dipped below for about 41 days. So, you didnt get a chance to really sell the top, buy the bottom so, if you want to stay long in the market, the note is, stay long in the market, period but last year was the first year since 1927 where all 12 months of the year were actually positive 1928 was a pretty good year, too, but 1929, not so much. The last time we had a Corporate Tax rate of 21 , 1940. So theres no analyst on the street that can quantify what this looks like as far as a tailwind. Im not one of them, but i read. Hey, bill thanks, guys. Yes, steve. You know, i havent done the exchange a lot, but is it clear to everybody that what is grasso have going there, a mustache and beard or mustache its a little bit of both. He does this periodically can we clarify . I shaved this morning. Im not sure you should make any follicle statements going on this hair. And away we go. Thanks, guys and he wonders why he doesnt come on the exchange more often. 48 minutes left in the trading session here the dow now setting highs for the session. Here we go well see what we do as we go into the close most days weve strengthened into the close unlike the last couple of sessions, today its broadbased, even the transports participating. A theres a lot more on the closing bell. Announcer straight ahead a different but important read on the Great American consumer see what sales of recreational vehicles are saying about the economy. Plus, where former baseball star Alex Rodriguez is putting his money, including some bigname stocks and a worldwide exclusive. Amazons alexa lost her voice this morning. She lost her voice . How is that possible amazon releasing its Super Bowl Ad right here on the closing bell. Ing you always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. You or joints. Something for your heart. But do you take something for your brain. With an ingredient originally found in jellyfish, prevagen is the number one selling brainhealth supplement in drug stores nationwide. Prevagen. The name to remember. Ing. There it goes again. Up 160 points a moment ago on the dow, setting highs for the session. Allhim ties thing for the s p, the nasdaq, i think thats an alltime shy hih now. 1 gain, yes. And russell doing as well. Starbucks is one of the worst performers in the s p after missing wall streets revenue estimates and warning its full years sales growth will be at the low end of the previous forecast the stock down 4. 23 . Phil lebeau has the latest for us. I think some people might be surprised by this vote it was a unanimous vote. 40, the International Trade Commission Ruling that these sales of these Cseries Aircraft built by bombardier up in canada we were there a couple months ago. That are proposed to be sold to delta. This is the type of aircraft here obviously, thats a different version. According to the itc, 40, there is no proof it would harm boeing bombardier releasing a statement following this ruling, this victory overly boeing saying, we look forward to delivering the cseries to the u. S. Market so u. S. Airlines and u. S. Flying public can enjoy the many benefits of this remarkable aircraft boeing is not happy. In fact, it released a statement saying, we will not stand by as bombardiers illegal Business Practices continue to harm American Workers and the Aerospace Industry they support. As for shares of delta, now, this is a company thats not expected to take delivery of these planes until later this year, and they were going to put those on hold and wait until new ones were built at a proposed bombardier airbus plant in alabama, but now they will likely be able to take delivery of these planes later this year. Guy, i know it sounds strange, but this is not completely over yet. This is not as if the idea of this 292 tariff will be dropped on these planes. You still could have an appeal to the u. S. Court of International Trade or the World Trade Organization likely this will drag on for some time boeing is not happy with this ruling and is not bound to say, okay, go ahead, you can export those out of canada into the u. S. At a price they believe is well below market levels. Phil, even though this is the International Trade commission, its a u. S. Agency. Correct. And the Commerce Department had just said that its a 300 tariff were going to apply to bombardier, just within the last couple of weeks, i thought. Correct. How can one u. S. Agency go one way, commerce is going the other way. You know, how does that shake out . Well, you when these types of tariffs are proposed, at some point the trade Commission Weighs in in terms of is there injury to a particular business or an industry in the United States in this case, theyre saying, look, we dont see that this is going to harm boeing whats interesting is, the trade commission, as they were investigating this, one of their investigators reached out to cnbc and said, what did boeing tell you about their backlog of orders when they reported their earnings a few weeks ago at that time boeing said, we have a record backlog. And so im sure that the trade commissioners looked at those statements as well as other evidence and said, look, we dont think that this is going to hurt boeing we think theyre a Strong Enough company and that this is an aircraft that should be sold as bombardier proposes to delta so, again, guys, lets see what happens in terms of appeals. All right phil, thank you. Well let you go were hoping to hear from the ceo of bombardier at some point. Well let you go for now, thank you. Fill lebeau on that marketmoving story. Headed to the close with 40 minutes left in the trading session. The dow up 172 points. Oh, my gosh. Just continues to power higher to record territory. The russell, the laggard. Everybodys positive, pretty much everyone but the russell in record territory. Consumers are about to get extra cash in their paychecks thanks to the new tax law. Up next, find out who ubs thinks could be the winner. The fourth most of lltime and Alex Rodriguez is hitting some investing home runs, trying to, with big bets on the tech sector hell join us with his stock ll osg ter on theclin be. Hey. Pass please. Im here to fix the elevator. Nothings wrong with the elevator. Right. But you want to fix it. Right. So who sent you . New guy. What new guy . Watson. My analysis of sensor and Maintenance Data indicates elevator 3 will malfunction in 2 days. There you go. You still need a pass. But some of us make somethinge make sommuch more. Dinner. There you go. Mom would be proud. With blue apron, any night is a chance to see what cooking can do. We have a question about your brokerage fees. Fees . What did you have in mind . I dont know. 4. 95 per trade . Uhhh and i was wondering if your brokerage offers some sort of guarantee . Guarantee . Where we can get our fees and commissions back if were not happy. So can you offer me what schwab is offering . Whats with all the questions . Ask your broker if theyre offering 4. 95 online equity trades and a satisfaction guarantee. If you dont like their answer, ask again at schwab. You better start from the start welcome back as markets have taken a leg higher in the last couple of seconds. The only one is the red in the s p 500, thats utilities. A familiar target. With Interest Rates creeping up this year. Look whos in the leadership, health care up 12 we talked about adv, up, and technology and industrials as well and the nasdaq having a pretty strong session. We see a lot of rotation. Various sec stores will go to the front and recede as others move to the forefront. Lets bring back phil lebeau with the ceo of bombardier with him on this International Trade Commission Ruling in their favor. Phil bill, lets bring alain bellemare. Lets hear your reaction from the trade commission, unanimous. Good afternoon. Im very glad to see hard work and analyses led to the right outcome. All along weve been saying that there was no merit to that claim from boeing and now we have a very positive outcome. That is a major victory. It is not only for bombardier, but for aviation, for the Aerospace Industry, for our customer and for thousands of canadian and u. S. Employees working on the cseries. Wouldnt be more excited today. Alain, what happens next, will you deliver the planes you sold to delta as scheduled originally they said, look, these tariffs go into place, well just get the ones coming out of the plant in alabama. Since youve won this victory, do you plan to deliver on time to delta later this year well, obviously, we just got all the news, so we need to regroup and look at it and understand exactly what it means. And then well decide what well do next. I mean, thats something were going to be working on over the next few days. A quick question for both of you, alain, do you think this would make boeing more likely to try to pursue a rival . I dont know. I wouldnt speculate on that i would just say were very, very pleased with the partnership that we are on the verge of establishing with airbus all along we saw this as a great strategic fit. We are doing an Assembly Line out of this partnership in mobile, alabama. Today it just happened that i had the ceo of airbus montreal with me. We are advancing the integration planning process so, i think that im very pleased with where we are. Alain, one last question. If boeing appeals to the u. S. Court of International Trade or to the wto, does that just drag this out for an extended period of time or do you believe you can go forward, as your Legal Counsel said, you can go forward with these deliveries to delta well, i mean, were going to be moving forward. In terms of the specific delivery to delta, as i said, phil, we need to really understand and read the decision of the itc so, we know it was a very strong decision, 40. There was no doubt it was unanimous. We feel very good about that all along we saw that our case was solid. Now seeing the itc taking the time to do the thorough analysis and fully understand, you know, if there was damage harm to boeing or not and see, you know, that there was not and come up with right decision for us was to were committed to the u. S. Market, were committed to jobs in the u. S as i mentioned to you before, phil, over 50 of the content on the cseries is u. S. I mean, were buying a lot from u. S. Suppliers and were doing a lot of work in the u. S. And were going to be doing more by putting the Assembly Line in mobile, alabama. I think all in all, i mean, its this is a great decision and it just gave us more momentum to continue doing the right thing. Not only for bombardier, as i said, but for u. S. Customers, for u. S. Employees, for canadian employees. Alain bellemare, youre clearly excited about this win thank you for joining us on cnbc i think theyll be celebrating up in montreal a big victory for bombardier over boeing in this trade commission dispute. Is that french fries or does that go on the frempbl fry phil, thank you. Great stuff. Our thanks to bombardier ceo as well. Dow is up 169 points back with more after this. [ click, keyboard clacking ] [ keyboard clacking ] [ click, keyboard clacking ] good questions lead to good answers. Our advisors can help you find both. Talk to one today and see why were bullish on the future. Yours. But prevagen helps your brain wewith an ingredient future. Originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. Flexshares etfs are built around the Way Investors think. With objectives like building capital for the future, managing Portfolio Risk and liquidity and generating income. Thats real etf innovation. Flexshares. Built by investors, for investors. Before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. Welcome back to closing bell, everyone. Im sue herera heres whats happening this hour Toronto Police say they believe canadian billionaire businessman Barry Sherman and his wife, honey, were worth murdered sherman was the founder of appotex and his wife they were found dead in their mansion on december 15th. We believe now through the six weeks of review we have sufficient evidence to describe this as a double homicide investigation. And that both honey and Barry Sherman were, in fact, targeted. The tampa man accused of randomly murdering four people over a fiveweek span last year appearing in court along with his parents. Howell donaldson iii is charged with four counts of firstdegree murder his parents are also facing legal trouble for refusing to cooperate with the investigation. Espn anchor jemele hill is leaving sportscenter to the intersection of sports, race and culture. Hill made news in september for tweets she posted about President Trump, calling him a white supremacist. And that is the news update this hour. Bill, i will send it back downtown to you. Sue, thank you very much. On we go most americans will start seeing larger paychecks in february and ubs has some ideas on how investors can cash in on higher spending by consumers. Eric chemijoins us with some o those ideas. Thats right, bill. The irs has told companies to update their income tax withholdings by february 15th. Ubs put out a Research Report suggesting certain stocks might benefit more than others they focused on home builders, lodging, entertainment and those that cater to lower and medium income households. Ubs point out home depot, lowes, dollar tree and dollar general. The Dollar Stores in particular, ubs, thought would do well with the extra bumps in paycheck. Cruise lines like Royal Caribbean and carnival and starbucks and burger king where every extra dollar in your paycheck can turn into big savings and big spending for those stocks you can see the whole list behind me. I i wanted to highlight a few names. Back to you guys eric, thank you eric chemi its interesting because theres only a few dollars here and there. Its not like george w. Bush rebate checks. The Trump Administration is unveiling its proposal for Immigration Reform the white house trying here to break through the log jam in washington, but they may have actually made the problem worse. Their plan provides a path to citizenship for the 1. 8 million undocumented immigrants who qualify for daca in exchange, the white house wants 25 billion to build a border wall system plus more money for immigration enforcement. The administration is also calling for an end to what it says is chain migration, or Family Sponsorship that would be limited to spouses and minor children, though anyone who is in the pipeline would be grandfathered in. Also, this plan would end the diversity visa lottery in favor of a meritbased system. This was supposed to help facilitate bipartisan talks until a twitter feud erupted today. Chuck schumer slammed this is plan as a tool to tear apart our Legal Immigration system President Trump then firing back, crying Chuck Schumer took such a beating over the shutdown that he cant act on immigration. This is also drawing criticism from conservatives with iowas steve king calling saying it votes away our sovereignty the administration will formally unveil this when the president is back in washington on monday. Well see if theres movement by then back over to you ylan, thank you immigration was just one of the topics the president touched on in davos he also talked about Economic Growth and the dollar. Heres a listen. After years of stagnation, the United States is once again experiencing strong Economic Growth the stock market is smashing one record after another we are also securing our immigration system as a matter of both national and Economic Security america is a cuttingedge economy. What our immigration system is stuck in the past. We must replace our Current System of extended family chain migration with a meritbased system of admissions we are doing so well our country is becoming so economically strong again and strong in other ways, too, by the way, that the dollar is going to get stronger and stronger and ultimately, i want to see a strong dollar. Of course, that last part from joe kernens exclusive with the president yesterday. I hope you saw it this morning on squawk box. Joining us right now to wrap up this week economically, larry kudlow, senior contributor here at cnbc. You know, this administration would not be the first one to trip over dollar policy statements because, in fact, a stronger dollar is in the best interest of the United States, but so is a lower dollar, right . No, its not. Sure it is. Im a king dollar guy how about a strong, stable, reliable currency to make america great, you need to make your currency great. Now, i love the joe kernen interview. Hats off to joe. I think the president covered it absolutely covered it. Steve mnuchin was going around, caught up in his own rhetoric, but he clarified it. The dollars going to go up. I dont know when, but better growth and higher Interest Rates, the dollar is going to go up its fallen back to 2011 or 2012 im a bull on the dollar this be that as it may, the treasury is jawboning they can intervene but the dollar is a function of the economy. When you have a high growth reagan, tax cuts, federal reserve, inflation out of the system, the dollar soared for three, four, five years. Almost went too far. All you want to do is let folks know youre not going to deliberately downplay the worlds currency i think the president got that done i really think he do. What else do you think he got done in davos . Lloyd blankfein usually tweets against the president but had supportive comments about the balance trump tried to strike about America First doesnt mean america alone. He says, give trump credit for campaigning where there are no electoral votes his message at davos promoting americas interests doesnt mean withdrawing from the world agreed now can we stick with International Commitments to environment, trade and defense i dont know about environment. I agree with the president s withdrawal from the paris climate pact i thought it was wise to go into the lions den and do it i liked his tone, which was cooperative and i liked the substance, america is open for business he repeated it several times come and invest in america hes selling the country on the basis of lower taxes and deregulation and the phenomenal corporate outpouring of support for this plan. And i think well see Foreign Companies come back and build in america, so on and so forth. I love this line, America First, but not alone. I wonder who wrote it. Its an absolutely wonderful line look, the president is going to stick to his guns, as he should, on immigration, okay we need a thorough among other things this diversity visa lottery drives me crazy. We must go to a meritbased system and we should have look, sometimes its a wall, sometimes its a fence, sometimes its a barrier thats what hes always said i dont have any problem with that but he was rather with joe kernen particularly, i thought he was rather accommodative on trade. I didnt hear militant hostile and on immigration, too. Thats correct. This was so interesting to me, his tone from start to finish is what i would call cooperative, you know, no bragadocia and i think hes developing a pretty big following among many people who really didnt like him or campaigned against him or whatever. The way immigration is shaping up right now for the president , from his point of view, there can be a pathway to citizenship for 1. 8 million d. R. E. A. M. Ers out there, blut i have to have a wall. Thats right. Security is important. You have to get rid of this goofy diversity sanctuary cities, drive me crazy also. On the politics of this, senator schumer is just lost hes out there paddling trying to get ahold of balsa wood after they pinned his ears back on the shutdown these guys are cardcarrying conservatives who have been tough on immigration but they are packibacking the president n this senator cruz so far has held back i believe hell come around. This is a good moment to do this you know, better to make these adjustments with a rising economy than with a falling economy. Let me ask about the last thing this morning in the gdp report we didnt get the 3 handle. The revisions were good, consumption, Business Investment Business Investment was terrific youre running Business Investment year to year 8. 5 , and the durable goods number confirmed that you look at these things year to year these accounts are so goofy. Yes, we imported more and we exported more, so we traded more thats the sign of a healthy economy. They subtract it from gdp, it carry over from the late 1940s, but they never count the capital inflows that are the flip side of a trade gap so, im here to say ive said this to the president we start running a surplus, thats going to flip the math on the capital flows. A larger trade deficit is a sign of economic health. We will grow faster than the rest of the world. We will import, hopefully without tariff obstructions and the like inventories came down. That could all be revised up youre right, the innards of this report were much stronger than the outer america is open for business, all right . Tax cuts and deregulation have restructured incentives, which is what we wanted. You know, ive known bill forever. Kelly, getting to know you every ten or 12 years, i get one right. And i think i got this right im glad you made the flight in for us today, larry larry kudlow. We have more breaking news on wynn resorts. Contessa brewer, what now . As were watching this share price drop now down by more than 10 , were starting to hear from the gaming control board in nevada saying it will review the allegations against steve wynn the wall street journal telling today massive longstanding allegations of Sexual Misconduct by the ceo of wynn resorts now weerl hearing from the massachusetts gaming commission. And the interesting thing here is that the wynn Boston Harbor is under construction right now. Theyve been awarded the gaming license there, making the biggest private investment in construction project in massachusetts history. And the Commission Says its now aware and is taking very seriously thetroubling allegations detailed in the wall street journal article the suitability and integrity of our gaming licensees is of the utmost importance and ensuring that suitability is an active and ongoing process. The Investigation Enforcement Bureau will conduct a regulatory review of this matter to determine the appropriate next steps. Is that mirrors what we heard from the nevada control board as well its unclear what kind of enforcement power they might have at this point in time again, its expected to bring in some 4,000 jobs to the city of everett. As i said, will be the largest second largest private employer in the state. So, its unclear how this might impact that project in everett, massachusetts. Thats another point. Thank you, Contessa Brewer. Wow, thats all you can say about the stock market we were up 200 points moments ago. Wheq s now for the s p, nasda ase ad to the close. Were closing down to the countdown coming up. Treet guy. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade exin the 2018xus lexus es and es hybrid. Lease the 2018 es 350 for 339 month for 36 months. Experience amazing at your lexus dealer. Session high, biggest percentage gainers, verizon, intel the best performing stock on the dow, not just today but for the week on better than expected earnings. Verizon, the third best performing stock for the dow also moving on earnings. Just spoke to art cashin, he was saying the weaker dollar has played a Critical Role in driving stocks higher. On those comments from treasury secretary Steven Mnuchin take a look at the biggest gainers sectorwise Consumer Discretionary up more than 2 . Netflix, the best performing stock on the s p 500 kelly, up 24 this week. Back to you. Did you say this week this week, 24 . Holy cow. Wow seema thank you. U. S. Economic growth slowed in the Fourth Quarter, but the details Pretty Healthy gdp increased at 2. 68 surge on imports we were talking to larry about recreational vehicle, pretty good gauge of the u. S. Economy 2017 was the best year for rv shipments in four decades, up 17 from the year earlier, according to the Industry Group rvia. Thats another wow. And its millenials. Its millenials driving this boom, are you kidding me piling into this market and generating quite a bit of revenue for the industry lets bring in our guest tim sullivan, the ceo of rv maker rev group. Thank you for joining us today. Thanks for having me. Wait a minute, baby boomers are retiring theyre the ones supposed to be buying the rvs and seeing the country. Youre telling me millenials are causing this boom for you guys right now . Yeah, they really are theyre driving the lower end of our offerings, so thats t towables and class cs. Theyre looking for the weekend experience to get out of the city to the countryside. Thats driving a lot of our sales right now. Tim, the cost of the rvs has also gone up im sure baby boomers are a key part of this as well whats the deal with financing do people have disposable money to spend or what are you seeing play out for the consumer . We had a little soft december at the end of the year, but maybe give you an indication of just how quickly its rebounded. I dont know if its the tax cut effect or whatever, but we had the super show in tampa last weekend, which is the first retail show of the year. We sold triple the number of units just last weekend. Its the biggest output weve ever had at the tampa show and were looking for really another, you know, seven, eight, maybe 10 growth in 2018 so, its all happening and i think, you know, maybe its the Discretionary Income thats becoming available, but its certainly really red hot coming out of the blocks that is amazing before you go, were very tight on time, what happens, though, if if not only Interest Rates go up but fuel costs go up you know, saudi arabia is dying to see the price of oil go much higher here as they get ready for this ram co ipo later this year. Yeah, you know, that could have some impact on it quite frankly, i think the fact were stable in this country with our resources for fuel, people are not really paying that much attention to the fact that we could have a falloff the demand will increase for the year and were looking for another good ninth year of growth im going to ask my frepdz what theyre doing on the weekends thanks for joining zeus because theyre never around thanks so much. Thought they were just avoiding me. Tim sullivan. We have the market on close orders now to tell you about art cashin was just telling us here that initially they looked like 1 billion to come back come back, 600 million to buy we have a late surge with dow up. S p up 1. 1 well have much remo detail on the rally when we come back in two. Lets get started. Show of hands. Who wants customizable options chains . Ones that make it fast and easy to analyze and take action . How about some of the lowest options fees . Are you raising your hand . Good then its time for power e trade the platform, price and service that gives you the edge you need. Alright one quick game of rock, paper, scissors. 1, 2, 3, go. E trade. The original place to invest online. How much longer can this go on we were just talking during the commercial break here. Just amazing, the continued rally were seeing on wall street the best gains the best start to a new year for the stock market here in the United States since 1987 31 years the dow up 193 points. Rrorst everybodys in record teity. We have the closing countdown coming your way. Weve been preparing for this day. Over the years, paul and i have met regularly with our ameriprise advisor. We plan for everything from retirement to college savings. Giving us the ability to add on for an important member of our family. Welcome home mom. With the right financial advisor, life can be brilliant. Yes or no . Gin. Do you want the same tools and seamless experience across web and tablet . Do you want 4. 95 commissions for stocks, 0. 50 options contracts . 1. 50 futures contracts . What about a dedicated service team of trading specialists . Did you say yes . Good, then its time for power e trade. The platform, price and service that gives you the edge you need. Looks like we have a couple seconds left. Lets do some card twirling twirling cards e trade. The original place to invest online. Three minutes left and were up 204 points on the dow, capping off another strong week. Another week more milestones taken out here the industrial average, alltime highs as we close out this week. We have one week left in the month of january and already we have been setting all kinds of records here this week telecom was the best performer in the s p 500 consumer staples, the worst performing sector. Consumerstaples were the best last week. Its this rotation we constantly see. One group will move to the front and then as they fall back, another group comes and powers this market higher its just remarkable to watch this market go here. What is not going higher, of course, is the dollar. Some confusion about government policy on that this week at davos. But the netnet is that we continue to set threeyear lows for the dollar index itself. And we are below 90, which had been a key support level for Rick Santelli. As that sets a threeyear low, brent went to a threeyear high this week. Im going to bring seema modi in on this. Were above 70 for the First Time Since late 2014 and as ive been saying, you wonder with brent started to feel comfortable above 70 how much longer before wti crude . Growing confidence to continue the supply cut in production and i think that seems to be a big part of this oil rally speaking of oil, we heard from exxonmobil among other Oil Production players on the earning side. The yield, i was joking with rick san stelly earlier, we were up 40 20 basis points just this week. If we continue that pace, we could be at 3 by march. Thats not likely but, hey, the way this Interest Rate policy is going, its unbelievable how beer seeing the gains weve had this year. It was interesting to see the outperformance and financials. Goldman sachs, one of the best on the dow, gaining 4 this week next week, fed, janet yellen, well have to see what that means for rates. Also very important, well have the next auction announcement by the fed by the treasury, rather, on how much paper theyre going to need that will come out wednesday thats one to mark on the calendar to see what kind of maybe it could lead to a pivot point. It will either be very bullish and could push yields back down again or we could see a continue to move higher for the tenyear. Apple losing 4. 10 , despite the move in Technology Apple reports thursday a big report to look forward to next week. Thank you, seema. Up 213 14 points. Record highs now for most of the major averages closing out another remarkable week. A remarkable second hour of the closing bell is coming up. A guy named arod coming along to talk about some of his Favorite Investments these days on the second hour of the closing bell. Have a good weekend, kel thank you, bill. Welcome to the closing bell, everybody. Im kelly evans. Another big late day rally the dow gaining more than 200 points to close above 26,600 well on our way to the next 1,000point mark here in a very short period of time thats about 0. 8 gain for the dow. The russell small caps was up 0. 4 the broad market up 1 thats a 33point gain the nasdaq up about 1. 3 at the bell to close up 7500 for the first time i think we talked about that, mike, thats 50 above the dotcom high. Crazy to see that now. Well have much more on these markets in a second. Joining me, mr. Michael santoli along with cnbc contributor evan newmark and rebecca patterson. Welcome, everybody leading the dow this week was intel. It had a huge Performance Today after those earnings last night. It was up nearly 10 on the session, better than 11 for the week apple was the laggard, down 4 this week. Netflix the gainer and the s p 500 after its strong Earnings Report different story for newell, the owner of rubbermaid, down 18 after it said it would pursue potential spinoffs for a lot of its businesses very different, much stronger picture at the markets on the close again. Were up another 220 points. Weve had 331 days for the nasdaq this year and that didnt happen until june last year. Whats going on . The market is running flat out at a higher gear and the tank doesnt empty because the money keeps flowing in by people who feel they have to chase it this is the cycle were on it seems like just to mix a metaphor, the market is turning up 11. Were reaching a pace of activity we havent had for the most part in the last several years. The weak dollar is helping all these things are feeding into it. You look at the stocks leading the way, its the big global stocks, the nasdaq today health care is health care is the top group . Its a very international, multinational exposed group. Thats the cycle were on right now. Does this make a guy like you want to raise your cash levels even more, stay no. Not even you . Not to raise my cash levels im already at plus or minus 50 . Some of that is bonds but at the super end short of the bond curve. Its like, where do you go . Basically right now, id be terrified of owning almost anything largely because its a market meltup based on momentum, based on flows. You dont think its based on tax reform, better earnings no, no, no. Look, you can make you have to believe that everything is just going to go extremely well Going Forward. If there was one danger, we talked about it before, i would have to say its the bond market the bond curve is getting super flat im shura bekaa is going to talk to this. Its the fiveyear is almost 250 in terms of the yield. Maybe above. Your 30year is still below 3. 0 the big danger here you nailed the twoyear, by the way, 2. 12. My best guess is its going to be how will assuming the economy stays healthy, assuming things go really well, i think the biggest danger is going to be the bond market because it doesnt seem like anything else. We had a huge move in the dollar this week whether that was because of secretary mnuchins comments or ubs earlier was talking about a big deficit theyre expecting in the u. S. This year what do you think is going on there and how is that feeding into the market . With the u. S. Economy doing so well, we are going to get more rate hikes from the fed this year. Thats dollar supportive however, the rest of the world last year started catching up. Now we have investors saying the u. S. Isnt the only place in town and capital is leaving america to go to emerging markets for higher yields. Its going to europe where the valuations relatively speaking are a little more attractive and earlier in the cycle so, youre getting this Global Capital flow out of the u. S. At the same time when the u. S. Does well and americans spend, what we buy right now is mainly imported our trade deficit goes up, our current deficit goes up. Thats a drag on the dollar because we sell dollars to buy all that foreign stuff that we like so both of these things, the capital flow and the current account, are suggesting that the dollar could get a little weaker we already went below 90. This brings us back to three or four years ago, its not dramatic the other dramatic thing were talking about are inflows into stocks it continues heres a little nugget i liked 12 billion into active funds. Thats a record. Active managers should throw a party because that hasnt been a strong period for them. Net inflows into bonds, so its not entirely about a zero sum game coming out of bonds into stocks, which was the cliche of what was going to happen a lot of people have psychologically fought this bull market for a long time its almost as if all the good news had to be right in front of them and there was no subtlety, there was no saying, its better than expected. Now its all in. Thats the issue and i dont think its all priced in but i think its the beginnings of this kind of overshoot phase where the obvious trade is long. A lot of people get into it and you dont know exactly i would like to know what you think having seen these cycles play out, if its an overshoot phase, that means it can go on for a while. It means maybe it becomes more dangerous, maybe it doesnt, but what are people supposed to do to me, the word you dont see, and im curious if rebecca puts this in her reports, you dont see valuation. You dont see them saying im uncomfortable. I hear a lot about valuation. Its like risk factor number one. It is but the whole point, and i was talking to somebody earlier, the valuation is not so much about earnings, per se its really about rates. By that i mean the following if for some reason, and im not expecting this to happen, but if you see rates shoot up for any reason, then all those Growth Stocks that are trading at very high multiples, even the steadier, the boeings of the World Trading north of 25 times next years earnings or wherever they are, all of a sudden valuations come down very quickly. Not because the earnings have changed that dramatically, but just because thats the way discounted cash flows work. In classic theory that should happen, but the last cycle that didnt happen, as rates were going up, so were stock prices there was never this reset. I think the trigger point with the rates going up is when do we see wages going up enough that its eating into Profit Margins and Profit Margins roll over were still a ways from that every time is different but historically you need wages growing at roughly a 4 pace before it starts to hurt one thing im watching that im just fascinated by is what these companies do with the tax savings. A couple surveys done in the last week is suggests maybe as much of a quarter of companies are using that money to pay down debt if you can see nonfinancial leverage reduced in the system, thats a reason the party could go on a little longer, even if rates go up. Rates go up and you have this wall of maturity starting next year, you have a vulnerable credit picture if the debt gets paid down quickly or pushed out, theres a reason the party goes on. Excellent point by the way, one thing i was recently reading cooperman had said is maybe its not illogical that when you have a crisis that deep you have a recovery this drawn out. The gdp numbers havent been hot until lately is this the flip side of the coin you were at 2. 3 prsz for a couple of years. In 2013 and 2014 were just at 2. 6. It feels like a huge acceleration by the way, this is the third cycle in a row that everyone has said, gee, theres never been a longer cycle or one that was less impressive. Thats the way we are right now. Thats the kind of economy we have its a service economy, a consumer globalist economy to me, the world, though, im really looking at these the stock market is a tricky indicator for the rest of the economy. And for people like me and maybe for people in new york city that have accumulated wealth, this is a great time its still not clear to me that all this stuff is going to result in net in wage growth or a lot more jobs. Absolutely. Im yet to be convinced well hit the magical 4 gdp growth. Thats another leg to look for. Maybe not today but in the coming quarters. The companies that cant find trained workers, qualified workers, theyre automating. Theyre cap x is in robot and machines its not good for the average american but good for the companies that make the stuff. That could be april second leg to this rally as we see Business Investment really picking up. Its sort of the best of times and worst of times to be a truck driver right now. A news alert on kroger lets bring in leslie. Whats going on there . This has to do with krogers Convenience Stores a cnbc. Com exclusive reporting that Caseys General stores is looking to buy krogers, 2 billion Convenience Store businesses thats according to sources familiar with the situation. Who talked to cnbc. Coms lauren. Caseys has been under management and sources believe by bulking up, by buying krogers Convenience Stores that could stave off that activist pressure theyve been experiencing kroger was exploring Strategic Alternatives more more than 780 stores under names like kwik shop, turkey hill, tom thumb caseys is one of several parties looking to buy the store. Back over to you. Thank you both of the shares rallying. Kroger up 2 caseys up 2. 7 . This make a lot of sense it would in the sense that, you know, its a smallish business for kroger and yet it would create more scale for caseys. Thats a typical kind of mega cat divestiture. The om thing i find interesting are these reports, which have not been substantiated that kroger may be looking to pay that into a more favorable Investment Company theyre talking about alibaba and leveraging technology and driving people to the website. You could have the Convenience Stores or leave them or trying to free up capital for other uses. Feeling thats not their core. Definitely now that we have clarity on the tax legislation, whether you love it or hate it, anyone whos been thinking about doing a deal, better to do it now, whether youre buying or selling something. You know what youre dealing with in terms of regulation and yields are never going to go lower if youre doing any debt guys, thank you well let you go good to see you. Rebecca patterson joining us to talk about these wild markets. Another news alert this time on usa gymnastics. Whats happening the entire board of directors of usa gymnastics have offici officially resigned. The Olympic Committee asked them to do that yesterday in the wake of this abuse scandal. The gymnastics, one of the most popular sports of the olympics, a lot of business ramifications, a lot of sponsors were going to leave. It was important for this the committee to do to keep that running and solvent and participate with the u. S. Team in the olympics in the future. The only thing i wonder, when an entire board resigns, then they got to bring other people in very quickly, i guess, to change direction and run this thing, right you thats right. This is just one step and a lot of problems this organization has had. Getting rid of the old guard is the first step clearly its not the last step and theres going to be more news Going Forward to see what they do to get ready for that next olympic cycle. Thats a big move eric, thank you. Theres a lot more ahead stay tuned on the closing bell. Ansz straig ansz straight ahead, big cap tech facebook, alphabet and the big cap tech have these stocks run too far too fast or is there still time to get in . And the new amazon ad exclusively on the closing bell. Amazons alexa lost her voice this morning. Alexa lost her voice . How is that even possible . E bk t mut wreacinwoines [ click, keyboard clacking ] [ click, keyboard clacking ] [ keyboard clacking ] [ click, keyboard clacking ] good questions lead to good answers. Our advisors can help you find both. Talk to one today and see why were bullish on the future. Yours. Fresh off ringing the close bell to celebrate the opening of opry stage in times square joining us is vince gil and ceo and chairman collin reed thanks for joining us at post nine have you ever rung the bell before, vince . No, no. Have you ever been in here before no. This was awesome i had a buddy that was a trader here for years and years and years, but never been here. Did he give you stock tips . Just make sure you dont screw up the bell thing. Thats true theyre very serious collin, you guys are basically old the grand ol opry in times square how is the brand of Country Music doing right now . The brand is growing quickly and technology is the driver people all over america, all over the world, are listening to the music of guys like this great guy im sitting next to me so, its growing and our goal as a company is to put these businesses into these big urban cities like times square and literally talk to and communicate with consumers here in this great town of new york. Whats next when you have the capital coming in now, this is one move youre doing coming into new york city. Where else might yryman go were not going to tell you that, but our goat is to do a few of these and literally take this brand across america and maybe international at some point. Do you think it travels beyond nashville, that location where it has all that history and all the rest of it that was, i think, a lot of people feel what resonates them about the opry i think so. I think people when they connect to the word Country Music, they think of nashville, tennessee, they think of the grand ol opry the grand ol opry was the first to promote Country Music its 92 years old. The Way Technology is, people find us all over the world why not take advantage of it and show people around the world how much fun this music can be. When we have guests like you come by, we like to ask, what is your biggest money mistake what are the lessons youve learned going along . Im the most wrong guy to be here i dont even know where i bank. Who takes care of that . Is it the wipe or Business Manager . Yeah. I knew there was someone way smarter than me. Ill play the guitar, sing the songs and you keep me from going broke. Youre still looking for that person, right . Oftentimes one of the answers people tell us is they pick the wrong person to do that, by the way. They said, i dont know anything about this and i picked a guy that turns out they didnt know anything about this either they had bad intentions. You ever run into that no, ive had the same guy for 35 years im a lucky man. I was going to say. So, weve talked a little about the economic backdrop here what do you think is going on with Interest Rates . Are you concerned theyre going to go up and make it a little more difficult for you guys . I dont say Interest Rates going up, we get three hibs, i dont think that will affect our business at all. We have a really good capital structure as a company we have some Great Projects under way, most of which we fully funded already we should have good growth im not concerned about three rate hikes or two, whatever it may be our capital structure is really good. I should ask you, whats your biggest money mistake . Betting against him on the golf course. Guys, thanks for your time and for joining us today congratulations. Thats collin reed and vince gill up next, more on this recordbreaking day on wall street were hitting big cap tech, tfx d facebook and amazon. Its all yours. Wow record time. At cognizant, were helping todays leading Life Sciences companies go beyond developing prescriptions to offering subscriptions with personalized, realtime advice for lifelong, healthy living. Honey . You almost done . Nope. Get ready, because were helping leading companies see it and see it throughwith digital. Theyre not investing in commodities or fixed income. What people areally putting their money into is what they hope to get out of life. But helping them get there requires a real refusal to settle for average. Because when you approach investing with a tireless desire to beat the status quo, Something Wonderful can happen. Those people might just get what they wanted out of life. Or maybe even more. Stay with me, mr. Parker. When a critical patient is far from the hospital, the hospital must come to the patient. Stay with me, mr. Parker. The at t network is helping First Responders connect with medical teams in near real time. Stay with me, mr. Parker. Saving time when it matters most. Stay with me, mrs. Parker. Thats the power of and. Welcome back to closing bell. Fourth quarter reporting providing just a vacation for this weeks rally with the dow gaining about 500 points this week about 223 points for the day the biggest gainers, intel, travelers and verizon. Also in focus a weaker dollar despite President Trump telling cnbc that the dollar is going to get stronger and stronger. A weaker currency is positive for multinationals who sell overseas netflix up over 22 . Amazon higher by 8 as it makes inroads into Health Care Next Week will be a techheavy one with the likes of apple, microsoft, amazon, alibaba all set to report next week. Check out the move of alibaba, up 19 in 2018 bitcoin cant seem to catch a break, losing about 4 this week kelly, back to you. Seema, thank you very much. Now, during his 22year Major League Baseball career, Alex Rodriguez was the highest player in 2013 now arod, simply known, is putting some money into petros pace finance, a Company Financing commercial properties, looking to reduce the carbon footprint. Were joined with Alex Rodriguez and corporate chief lane lemure. Welcome to post nine. Great to be here. A big fan of the show. Youre such a real estate guy. You have a couple Different Companies and all these prompts. How did that start and why it started really smart i smart with a duplex about 18 years ago. And thats grown into a very diversified Holding Company that has a fully integrated Real Estate Company we invest in health and wellness, media entertainment. We like to invest in companies we understand, that were passionate about and we can bring our expertise. Which is more than capital we dont just want to be capital. You have monument capital management, newport capital. Talk about this latest investment and why its so attractive petros pace is a way to finance Green Energy Projects for Real Estate Companies and real estate owners we finance 100 of energy and seismic retro fit upgrades we finance it over 20 or 30 years. Then we record a special assessment on the real estate. So for property owners, we enhance asset value. For us as Loan Originators we create an assetbacked securities we could sell to the marketplace. How did you find this guy i got lucky i hit the lottery. The other thing i like about lace is having large real estate holdings, it brings value. You can get 20 of the loan, improve your properties. Instead of getting 12 , you get it at 6 instead of three to fiveyear loan, can you pay it down over 30 years and its nonrecourse im excited. Who else is in this space doing this kind of financing there are a few big banks its a niche interest its half a billion origination, on track to do well over a billion. Its a new industry but innovative financing technique. Youre not just in real estate you have some ufcbranded fitness center, true fuse, ice shaker, energy esports. Theres a lot going on here. Busy . Have you been able to keep up with baseball . I know you have a new gig as well, espn sunday night baseball interesting arrangement, right, fox as well . Very excited to be working with fox and now joining the espn team. As a kid, i came up watching espn every night joe morgan, john miller. I remember watching with my mother every night on sunday night. My mother, my brother, my sister and now to be a big part of it, so excited. But youre working for espn and fox at the same time i want to be clear on this they know this theyre aware . I think they do, yes. Major league baseball, were in a very special time. The industry from a health point of view is at a 10 billion clip thats compared to 1 billion when i first entered in 1994 from rob manford to tony, great leadership but our Young Players are wonderful. Our job as analysts is to come out and reveal these great personalities and essentially remove the helmets and talk about what great character these young men are as well. Lets talk about character. Last question, we spoke about this with the last guest as well biggest money mistake. I think i might know yours i wonder if its the steroid usage and you mention all the money you lost because of that but what do you consider to be your biggest money mistake going along . Thats the biggest mistake i made for sure, business, personal, emotional, i acknowledge all of that. Back in the recession, the real estate time, we paid every loan off, we negotiated with our banks, but one lesson you learned early on is you dont want to personally guarantee anything right now we do all our loans, fannie mae, freddie mac. Thats a very interesting lesson to draw speaks a lot to when the heat goes on and you have a personal guarantee, its not fun. Well have a lot more, if you dont mind sticking around well talk well have a triple play. Arod will join two of our fast money traders to talk top stock picks. If you have questions for the allstar, you can tweet us cnbcclosingbell. The super bowl a week away on it while some watch it for the sport, a lot watch it for the mmcis. Coeral well have a worldwide sneak peek at one of those ads coming up you always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Ronoh really . Gs going on at schwab. Thank you clients . Well jd power did just rank them highest in Investor Satisfaction with full Service Brokerage firms. Again. And online equity trades are only 4. 95. I mean you cant have low cost and be full service. Its impossible. Its like having your cake and eating it too. Ask your broker if they offer awardwinning full service and low costs. How am i going to explain this . If you dont like their answer, ask again at schwab. Schwab, a modern approach to wealth management. Welcome back what a finish to a crazy week on wall street. The dow was up 223 points on the close. Just under 1 better than 1 . The dow over 26,600 on that close today. The s p up 33 to 2872. The nasdaq up nearly 100 points, 1. 3 , closed above 7500. Russell 2000 even up lets get to sue herera. Hello. This years flu season is now more intense than any since the 2009 swine flu pandemic. And it is getting worse, according to federal health officials. And the flu season still has weeks to run. The New York Times reporting Hillary Clinton declined to fire a top adviser from her 2008 president ial campaign, despite repeated accusations that he sexually harassed a younger female aide Campaign Manager patti doyle advised clinton to fire her, who was the feith adviser on the campaign he was instead moved to a new position. Overseas, six children were killed in central afghanistan and there are conflicting reports on who killed them Officials Say they died in a taliban mortar attack but some villagers say they died in an air strike by afghan forces. Two other children were injured in that attack and nasa putting two satellites into orbit after a night launch thursday night. The satellites will study the border between the earths atmosphere and space youre up to date. Thats the news update at this hour kelly, back downtown to you. Have a great weekend. Thank you, sue. You as well. Lets get to some other big stories today in our rapid recap. Last day of the World Economic forum here in davos, switzerland, and the Business World has been focused on President Trumps closing keynote speech. Im here to deliver a simple message. There has never been a better time to hire, to build, to invest and to grow in the United States what would you give yourself in terms of dealing negotiating with government versus business, what grade for the first year well, a lot of people have given me an a. Somebody gave me an aplus. I got the biggest tax plan in our history approved. The dollar is the most liquid Trading Market in the world. And where the dollar is in the short term is not of concern to us we respect where the dollar is. Starbucks reported better than expecting earnings. Revenue came in lower than expected, as well as comps. Theres still a lot of potential in the u. S and there is an unlimited opportunity in china. The recordbreaking rally is rolling on the dow and s p 500, shocking, shocking, hitting new highs again today. Shares of wynn resorts plunging right now down about 9 on reports of Sexual Misconduct by its ceo and founder steve wynn. Heres how were finishing up on wall street the dow gaining more than 200 points to close above 26,600 well on our way to the next 1,000point mark here. And tech has been markets allstar performer of late the sector up 1. 6 today here to talk more about the tech trade are fast money traders guy and david and Alex Rodriguez and lane, if thats okay with you guys if you dont mind. Well take it. Because well, were going to start with google alex, youre a google guy. You like google as an investment why . I do. I think long term it has a good mode we all use google, right, from my two daughters to grandparents and we all know google i use it every day when i think about i call it my ar buckets. For the most part im s p, low fees, super boring, go to sleep for 100 years. Over the last five years i like amazon, google, facebook, berkshire hathaway, jpmorgan and bank of america. What do you think about alphabet ill tell you real quick, theyre going to report, i believe, on the 31st or 1st, if im not mistaken i think alex is right. If you look at in terms of valuation, its probably the most rooent reasonable one out of the bunch he talked about and theyre growing at about 30 times earning. So i like google i think in terms of valuation it makes sense and in terms of the mode alex talked about, hes spot on. I agree with that i think right now were looking at a stock that has the biggest overhanging google is antitrust antitrust concerns are putting their Search Engine on android preloaded, if you will thats been a concern for investors. I think thats overblown i think youll see the stock continue to work out, especially this year, i think its one of the best names to own. They sound pretty supportive. What about facebook, alex . I like it again, i keep it very simple believe it or not, i get my stock tips from my daughters on the way to school. When my markets are going up and down, i ask my daughter, ella, do you think facebook is going to be really good . She says, dad, i love it she said, amazon prime, im buying it. They have their own portfolio. Keeping it simple, keep it do they invest . They do only the things they use every day, google, instagram, facebook, those kind of things its worked out well for them. All the usual suspects. Let me tell you something, theres nothing little about their portfolio. I saw the last contract he signed my concern with facebook is do they wind up on capitol hill at some point and will Senate Testimony put a damper on the stock . Thats my concern. I have a question for Alex Rodriguez. Am i allowed to do that . Go for it. Alex, when you go to the hall of fame, and its inevitable, what cap are you going to wear dont dodge this question . Well, i like the way youre thinking from your mouth to gods ears. We know its going to happen. A yankee or Seattle Mariner . I would love that look, i for sure its going to be a new york yankee. Thats it and we won the championship guy, you really put him on the spot that was brutal. That was brutal. I know hes spending time on the new york stock exchange. We would love to have him see us at fast money, a 5 00. Im cutting this off right now. Were going to stick with amazon and show an exclusive sneak peek that cnbc has here this is amazons super bowl commercial featuring jeff bezos. Take a quick look. Alexa, whats the weather like today in austin its 60 degrees with a [ coughing ] alexa amazons alexa lost her voice this morning. Alexa lost her voice . How is that even possible . We have the replacements ready. Just say the word. Youre sure this is going to work yeah. I have no idea what that means. But you talk about why youre talking about the speaker a moment ago things you like, investments you hold and amazon is one of them. One of the things, again, keeping it fundamental im a fundamental guy. Thats how i played baseball for 23 years i invest in jockeys, not horses. Jeff is a great jockey hes also from miami a lot of people dont know this. He went to school in miami, Palmetto High School a few miles away from Westminster High School and we both ended up going to seattle jeff did a lot better than i did. Guy and david, what are your thoughts on this one my thoughts on well, quickly on amazon, listen, obviously the knock on amazon has been valuation but its been a giant land grab. Theyre the biggest disrupter on the planet at any time they can turn the needle from losing money to profitability. Im with alex on this one. Stay the course. B bezos is a genius. I agree as long as they continue to grow their top line on the investments theyre making, the stocks going to work. It will never become an earnings story in that scenario theyre making proper investments, growing their top line its a stock you have to stick with. Mike, theres amazon over 1400. Ive been trying to think of another super bowl commercial that featured the companys ceo, which says a lot he used to be the guy in the background, the Mad Scientist in the wings. Now hes obviously got a high enough profile hes trying to sell the product. There you go. Guys got his head in the pizza. Im always thinking alex, nasdaq, 5 00, any time you want, be here. Because youve been so kind, maybe well send him over. Send him over. I dont control his schedule. Well see you top of the hour. Thank you very much. We have some twitter questions, last thing. Youve been generous with your time well ask a couple and let you go heres what our viewers have tweeted today. Well start with a. Z. Who asks, drum roll, please, have you invested in any here we go. Digital currency well have lane handle that one. We havent invested in any yet. Were taking a close look at it, like everybody, but its a lot of uncertainty in that part of the world. Whats the daughter think about bitcoin . I dont know anything about bitcoin so im going to stay out of that one, but lane. Exactly just passing the buck. In a way, thats encouraging, i think, to a lot of people. Monty tweets, if the mets were a stock, would they be toys r us bankrupt toys r us isnot bankrupt yet im a con temporatrarian. Their pitching was dominant. People are sleeping on them. Last year they went to the world series i like that omar is back in. What about the yankees . Always big. One thing you have to watch, they for the first time were david not goliath. Will be interesting, obviously stan katz will be a bump in espn network, bump in tickets the question is what happens to the clubhouse and the culture, like you have in boston with belichick and brady. I was going to ask you, you know, the people i got a lot of heckles from the Philadelphia Press corps over here. But do you have are you going to rooting for anybody in the super bowl do you care about football do you have a point of view on it im a huge fan of what the patriots have done, especially with the trifecta of robert kraft, great Bill Belichick and tom brady. That may be the best threesome in all of sports, maybe in business, what a role model. Good thing i wore the tie today. Thats what im saying. One more. Ryan asks, would you rather hold a deep value portfolio or growth also, do you want to hang out . It depends on the time. Look, one of the things i will tell you, and ive done this throughout my portfolio, i think were closer to the ninth inning in this cycle than the first im still going to enjoy, hopefully, some of the run but ive put a put on most of my portfolio. Lane . Im with alex, closer to ninth than first. John tweets, whats your best advises for a young athlete and new investor i would say do nothing at first. I would put your money very safe, control your spending and really find the best people in the world with a moral compass that can have an alignment with you that he wins, you win. Thats it. Anything youre going to add . Youre with this guy. I support this guy. 100 . Guys, thank you for your time today. Thank you talking stock picks and so much more. We have a new information out of saudi arabia. This is more developments in the ongoing crackdown on corruption in saudi arabia the crown prince, as you know, has detained a number of the royal family on charges of rupgs. He is now stepping up the pressure on the detained members of the countrys elite he is demanding billions of dollars in payments. He is now closing down the luxury hotel that they have been staying in and moving them to prison, basically. One of those detainees and one of the remaining holdouts is prince al what lee bin he is denying any skrupgs charges. Hes been a frequent guest on cnbc hes been ordered to pay 6 billion. He is resisting that he is a holdout. He will now basically be moved to a palace compound in eastern riyadh surrounded by a barbed wire fence the fence apparently a recent addition the ongoing crackdown continues and they are moving ahead with trial dates for many of these holdouts it remains to be seen whether prince bin talal will be one of them. What a development. Sue, thank you very much. We have a news alert on lowes to get to eric has that one. Thats right. The board of directors at lowes authorized a 5 billion Share Buyback program on tom of the 2. 1 billion remaining in their Previous Program the buyback could be suspended, discontinued at any time that 5 billion authorization on top of the 2 billion from before the shares are up 2 we talked about this an hour ago, one of the 15 stocks ubs said to watch out for, they could pop because of this new tax law in effect. Back to you, kelly. Thank you, eric. Millenniaials may not be holding onto that avocado toast and 10 coffee as tight as one thought. A survey reveals interesting savings habit. When sundown pales the sky i want to hide a while behind your smile ah, but i may as well try and catch the wind our mission is to make offshore wind one of the principle new sources of energy. Not every bank is willing to get involved in a first of its kind project. Citi saw the promise of clean energy. Were polluting the air less. Businesses and homes can rely on a steady source of power. This will be the first of many offshore wind farms in the u. S. For standing in your heart is where i want to be and long to be ah, but i may as well try and catch the wind your friend just marea. You like her. Shes really good at social media. She buys stocks in companies that stand for something. You like her. Shes always up on the latest trends. She got in early on the whole goat yoga thing. And her sunsets are always nofilter. You like her. But youd like her better if you made more money than she does. Dont get mad at just marea. Get eatrade. All the Single Ladies all the Single Ladies put your hands up there are a lot of stereotypes when it comes to millenials and money, including that they overspend and dont save according to new bank of America Survey, millenials may be better at managing money than thought Sharon Epperson is here with those. I cant wait to hear these details. You may know it already but it may come as a shock to some people that millenials are actually doing a better job saving and budgeting and they feel more financially secure than older generations genx and baby boomers a new bank of America Survey found those between age 25 and 37, over 47 have 15,000 in savings. 16 say they have saved 100,000 or more and 67 who have a savings goal stick to it every month or most most months. Recent tax changes may provide an extra incentive to put more money away by taking advantage of their lower tax rate and investing money in a roth i. R. A. You can put up to 5500 in a roth i. R. A. This year and contributions to a roth are taxed up front from then on any gains in investment in the account grow taxfree and all of the money can generally be withdrawn taxfree in retirement millenials are likely in a lower tax bracket now than later in the life making taxfree withdrawals more attractive. A roth i. R. A. Is like a backup emergency fund, can you withdrawal contributions taxfree and penaltyfree. With the future full of unknowns, this could come in handy. Not just for millenials but at any age. I was not surprised to read this about millenmillenials i think this generation is so conservative, especially depending on the timing of depending on if youre on the older our younger during the financial crisis that pile of money might look good now but they dont need that much when that could have been invested thats the great thing of investing in a roth i. R. A. Because you can invest part of it, keep some in cashira you can invest part of it, keep some in cash and have it grow tax free if you need it you can have access to it i think a lot of what scarce people is putting all of their money in their founk or putting it all into something they cant take out until they are 59 1 2, or putting it in real estate, which also crashed in the crisis. Yeah. The weird thing is that people mentally are very much affected by whatever happens when they first start saving money in what they do with their money. I tell stories of when i was 17 or 18. I took my summer money and put it in a bond fun it was the one summer that bond bot demolished. Thats why you are antibond. Thats the rest of my what concerns me is if you are a millennial, you are putting money in the stock market its at all time highs, if something bad happens. It is a great place to be. It has been, for a long time. The thing to keep in mind, you have never had a 20 year period when stocks did not provide a good positive return et cetera a hard to actually i dont feel that way. 20 years is a long time. I bet there is a lot of people that havent up vested because they think the market is bad, look at the crypto effects. Cryptocurrencies and all that. When in reality it is a great period what happens if Going Forward it is a bear market. With the recent gains we have seen in the last year in particular people are more interested in investing. They are evident having differently, they are more interested in investing in etfs, in being able to have control. Thats why the roth ira makes a lot of sense. Dad, all he ever talked about was a roth ira thats why we love the dad. We do love him. Sharon epperson thanks. Big tech earnings next week, facebook, amazon, apple, alphabet all reporting we are going the preview some of those coming up. On fast money, the money who knows more about steven wynn than anyone in the world will react to the stunning reports oust vegas today stay with us hey, what are you guys doing here . Were voya. We stay with you to and through retirement. So youll still be here to help me make smart choices . Well, with your finances that is. We had nothing to do with that tie. Voya. Helping you to and through retirement. From aetna to apple we will look at some of the many names reporting their earnings next week when closing bell comes right back alerts wouldnt you like one from the market when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Fidelity. Directv has been rated number one in Customer Satisfaction over cable for 17 years running. But some people still like cable. Just like some people like preshaken sodas. Having their seat kicked on an airplane. Being rammed by a shopping cart. Sitting in gum. And walking into a glass door. But for everyone else, theres directv. For 1 rated Customer Satisfaction over cable, switch to directv and get a 200 reward card. Call 1. 800. Directv they always refer to me as master sergeant. They really appreciate the military family, and it really shows. Weve got auto insurance, homeowners insurance. Had an accident with a vehicle, i actually called usaa before we called the police. Usaa was there handson very quick very prompt. I feel like were being handled as people that actually have a genuine need. Were the webber family and we are usaa members for life. Usaa, get your insurance quote today. [ click, keyboard clacking ] [ keyboard clacking ] [ click, keyboard clacking ] good questions lead to good answers. Our advisors can help you find both. Talk to one today and see why were bullish on the future. Yours. When it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. All closing at record highs today, posting their fourth straight week of gains the dow was up 223 points. We are now over halfway to 27,000 from 26,000 we have already hit 26,000 and 25,000 this year. 3,000 on the s p i cant im dumb struck that its like what is it 7500 on the nasdaq. Consensus. 4 now. For the year, nasdaq . No, to get to 3,000 its almost there. Crazy. I think the consensus by analysts was 2750. We are almost there intel was up nearly 11 on strong earnings. Twitter was up on same analysts talk after the departure of the ceo. Wynn reports down amid reports of Sexual Misconduct from steven wynn thats are this weeks next weeks earnings calendar is busy the biggest tech names and the biggest movers have been those names. It has been it will be another test to say if there is an instinct to sell the news unless it is a blockbuster number the tax cut and what it means for the of the canning side of thing has been allowing people to overlook the Fourth Quarter and say thats not really the run rate of earnings. Right. And its almost at the perfect when the concern was going to be is Earnings Growth plateauing and are stocks too expensive. Basically, we are in the sweet spot it is a weird market. Im struck by the fact on the one hand we seem to be up 100, 200 points a day but there is such earnings pesk movers on either side. Every earnings season the one thing that is totally true is that the ceos of certainly the large multinationals they are really good at playing the whole earnings game. Generally speaking, generally speaking. The mark. The mark generally speaking its unusual to have a earnings disappoint thats a headline for the company unusually. But the bar guess raised. You are making a sour face. What happens to stocks when they only beat by a penny . They dont go up the exception proves the rule. I take your point they have but there are still a lot of big decline he is we will see what happens today well see what happens with your tie. Patriots tie. Is arod back next week. Mark, evan, that dose it for closing bell. Fast money starts right now. Fast money starts right now live from the Nasdaq Market site overlooking new york citys times square im melissa lee. Panelists tim seymou brian kelly, david seeberg, and guy adami. A hack sending shock waves in the crypto world well tell you what went wrong and if your bitcoin is safe. It is the boeing flight that wont break down. We start off with fear and loathing in las vegas. Wynn share