Uncertainty. Coming in below estimates. Oil making a move higher for a change today, snapping a fiveweek losing streak, turning in one of the best weeks of the year nanny taylor is here welcome to ladies hour here. Girl power. You say tech is the key do you mean fang or something broader . I mean something broader than that we started to see the Economic Data ticking up, yet local p miismt its mi is moving up, small by, Chinese Consumer precoronavirus. So we have to see what is going to be the impact, farreaching impact i think thats good for stocks so i think stocks are less risky. So were looking at tech as if it doesnt work, nothing works right now the total confirmed cases are topping 64,000, the total death toll is nearly 1400. In the u. S. There are 15 confirmed cases with eight of them in california Many Companies are continuing to speak out about the impact the virus is having on their bottom lines. Today british drug Maker Astrazeneca reported quarterly results, warnings a hit from the outbreak could last a few months the ceo emphasizing the importance of china when he spoke to squawk box this morning. China represents about 20 of our global sales last year globally we grew as a company by 15 , in china we grew over 35 that gives you a sense of the important of china to our company. Others saying in a filing the outbreak could have a terr adverse impact on its business, braiding results and financial condition. Expedia saying its not producing a fullyear outlook. Nvidia saying it expects a revenue hit. With you bright spot, apple is reopening five stars in china. It is set to reopen the store in shanghai tomorrow. Well, hey morgan, as you pointed out, we are seeing the numbers continue to rise aside from the diamond princess cruiseship, its singapore that has the most cases. Singapores an important model to look to for the u. S for one thing it has a sophisticated Health Care System check out its ministry of health et cetera website where daily updates are posted, along with where theyre thought to have been exposed to the virus. Singapore clearly mass persontoperson spread. We also asked if the administration is considering travel restrictions. Further restrictions can obviously on the table were assessing the situation hour by hour the task force of cabinet members is coordinating with the white house on this. We are discussing the epidemiology to assess whether further travel restrictions could be warranted well take the steps we think are warranted. So clearly nothing new yesterday, but they are watching it closely not just in china, but also in singapore where weve had some warmer weather what is that indicating about the ongoing spread of this virus and the type of temperatures it could continue to exist in theres been some suggestion perhaps in the summer months we could see a waning of activity, but singapore poses a conundrum to that idea, because its about 80 degrees there, and theyre seeing continued spread. We dont know what that says about the viruss hardiness. Thank you for bringing us the latest tonight you can catch more at 7 00 p. M. Eastern here on cnbc. Have you been surprised to see how much resit yen this market has given what are the numbers from china actually mean . Can we trust them . And is there a risk for the United States . I think the second point is super important. I think people are very suspicious if you go back and look, i hate to be cal loused about it, but six months later in every kind of pandemic shock to the market weve been up high Single Digits six months later in stocks so ive been expecting a pullback and wanting a pullback. I dont think we got enough of a pullback in january. I think theres more chopiness ahead. I think thats an opportunity for investors to step in. Lets go to mike santoli for todays dashboard. Ive got working hard on this one. First is drawback your flow into u. S. Asset classes, juicing some areas of our markets then witching a happy v. That had be a vshaped recovery. And a lessbad choice. Stocks versus bonds on yield basis there, and then not many reservations not many reservations about the stock market right now in terms of Investor Sentiment first, take a look at this chart of the vanguard megacap growth. First is the global dow. Mostly its based on global exposure, and then russia 1000 value. This is the liftoff phase. Its been nothing going on in global multinationals or in value stocks since about december yet, we have our major indexes making new highs weve been talking about it a lot. Its at outgrowth of the bond rally these long duration. I also wanted to points out on a oneyear basis what a stock bond balanced portfolio has given you. The total return is about 17 and change, with only about a 2 or 3 drawdown along the way i have to say the 60 40 portfolio is doing more than its work cant say its going to continue, but being diversified has been a virtue in the last year given the move lower we have seen people do seem to be overcrowded into certain names. This is exactly what you were talking about, nancy. First off, i didnt software is really where were focused. Even though im a relative value manager, i agree with mike on that the question is, where do you do it . Thats the trick so were selling apple. When you talk about things like concerns about supply change, you would think it would be in the fire line. Semiconductorened and utilities it made no sense. We were overweight weve become to trim them back. Even though we already owned google, microsoft, and i would love to own microsoft, but its 5 of our portfolio, so were locking for fresh names. Why did you cut apple when it was 87 and i was talking about, talking about Services People thought we didnt understand. We were trading nine times thats a good call. It was one of our better ones at these levels, we think services is priced in, wearables is priced in it could go up, but i dont think it will go up faster than the market we still own a lot, but trimmed back some of our position. Bitcoin prices are up a whopping 44 , nearly 200 the past year. Were going to break down the cryptocomeback with todays closer. After the break, which stock jim cramer is compares to a masterpiece. 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The design thinking, the digital engineering, security, blockchain, and we will be first to market yes. When we do we launch . Unfortunately, in 2 or 3, hours. Why the delay . Cognizant is helping banks use Digital Technologies at scale to advance speed to market. Weve got 47 minutes to go before the close lets get a check on some individual Market Movers dating back to january 1999, the time of its ipo. Jim cramer comparing the stock to a rembrandt painting. One investor calls, quote a terrible investment in the struggling start. Hey, dee. Hey, morgan thats certainly not all in the mid cap growth fund. T. Rowe, said lots of losses, and basically called it a bee bulkle t. Row tore into the start up, and the growth at all costs play book on the way out. Under, quote, new investors arrived. T. Rowe isnt allow. Back to you guys dedeirdre, what other d. Juul was a big one. Fidelity a big holder there about remember some of these unicorns that are now Public Company companies whether or not of the big countries were also in uber and lyft of course, that Company Still not making money, and on a downward trajectory. Then you also consider theyre getting into companies earlier, t. Rowe led an earlier round than normal, i think series c. We know the drekttoconsumers ecosystem, some of those companies have have trouble going to market eventually deirdre, thank you. Mike isaac with new york times. How did this happen, mike. I keep looking back at uber as a turning point for a lot of folks saying openly that the emperor has no clothes in a lot of these companies. So these larger firms were willing to go along that we could sort of burn money and chase wild rapid growth for a while and be okay with it. Saying, maybe a version of history that might be stronger than is actually real, you know, like how loud were the voices in the room saying we shouldnt be chasing this growth. I dont know, i mean everyone kind of looks to like in retrospect and say i was the voice of reason here, but its funny to see them coming out swinging right now. I want to get your thoughts on this, too, you would think with a managed fun like t. Rowe they would be doing their Due Diligence, yet here we are absolutely right. Thats why people put their money into their funds, and they expect the managers to do the Due Diligence and the worrying so it can be safe. I want to congratulate mike on his reporting. Hes done a spectacular job on this. Oh, thank you. But i was disappointed in the managers saying, it wasnt our fault, they wouldnt let us out of the last part of the investment we kept trying to tell them things and they wouldnt listen. If you got yourself into a situation where the people arent listening to you and youve locked yourself in so you cant get out without their permission, thats your fault. So i dont want managed funds that manage my money that way. So you think its just, walter, another black eye for active and managed funds, basically, and keep people flowing into index funds well, you have to figure out why are people flowing into index unds i think its things like this. Now, i also think one of the situations here, and mike can comment on it, is that sometimes you have companies and i know this, having written about apple in the early years with steve jobs, where its truly driven by a passionate founder sometimes that works really well, and sometimes, as with apple, its got to go through a cycle, and then it works really well, but whether troughs travis kalinik or adam newman or others, you have to have some restrained when this type of founder is burning through money. Mike, certainly softbank has been under scrutiny as of late , but when you look at the private market, versus what we have seen playing out in the public markets, imean, i just think about a recent ipo, casper last week, ultimately trading another name thats another unidorn in the private market thats trading well below the ipo price at more than half the valuation it had in the private market is this reckoning happening right now . Is there a move between the two different marketplaces to, i guess come to reality with each other . Yeah, totally so, look, just speaking to, you know, steve jobs sort of phenomenon i mean walter knows this better than anyone. I think a lot of investors, a lot of funds want to find that next steve jobs, especially in his passing. Part of the investment thesis is really finding those founders that have that level of passion, that level of drive, to take company to the next level and seeing visionnary where is other investors might not see them, and perhaps, you know, there was probably more willingness to see that in folks like adam newman, and maybe travis, the jury is still out on him, but on the founders that pushed it too far, and now i think were seeing that repositioning, where we havent necessarily found that next steve jobs for each company and the market is coming down to reality, and perhaps there is an era of lets get to profitable in public facing companies, and maybe in the meantime when we get back to rationality, the next visionnary founder will come, whether we expect it or not. Can i follow up on that real quick . Okay. Go ahead, walter. Just real quick i think we ought to make clear that travis and adam did have a lot of vision. Thats amazing in this days and age, having a coworking space that deals with the changing workforce, and doing it in the way he did those were great visions im just saying somebody needed to oversee the cash flow better. Yeah, yeah. Nancy, should average investors who have their money with these mutual funds be invested in risky unicorns like this or, you know, maybe its too risky, but maybe on the other hand they want a piece of it, too. It shouldnt just be for Venture Capital funds to be early investors in Companies Like peloton or orders that have gone public. I think this goes a case of active manager get into a space they dont understand. Theyre evil companies that are not yet public when you buy into a mid cap mutual fund, i dont think thats what youre expecting if it was a separate fund focused on early days, thats a different game, but im not equipped to analyze those companies. I dont think most security managers are. Mike isaac, good to see you both. Yeah, thanks for having me. Isaac and isaacson. After the break, wells fargo says the Housing Market is on like Donkey Congress theres one stock that stands to reap the rewards. And pot company Canopy Growth seeing a big growth, but could it signal a turning point for the whole sector through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From managing inventory. To detecting and preventing threats. To scaling up your production. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. Welcome back to closing bell. 35 minutes left of trade time for word on the street. Hiking tesla to 550 from 250, saying the stock has, quote, run over the shorts and us, but also outrun the fundamentals. The firm believes sentiment has and will continue to play an integral role. Guess whos trying to catch up there. I guess so. Even with the sell, far from where it is right now. Wells farthero ups the price target on home fee po, the ceo said the Housing Market is on like donkey kong, warranted for one of the best operators in retail this is the best time of the year to buy retail stocks. Over the past ten years, the xrt has actually shown the best twomonth performance in february and in march. Seasonality played there in retail yeah, weve known it for quite a while. We were adding to it when there were recession worries i dont like they upgrades after stock has run i wouldnt be aggressive there in there buys it. Is housing on like donkey kong yes, i do, yeah rates are low youre seeing Housing Starts at new recent highs the consumers is in good shape oil is contained all the things that support good home sales are there home depot didnt need home sales, though. They just need people to they also benefit when people dont move, because they go in and fix their homes. They had a lot of theft. It was impacting earnings. I think theyve got that under control and the ecommerce is working for them. You missed the run on tesla. We bought it around 180, we sold it around 320 when he was smoking and drinking on video. Look, im happy with that move at this point i dont understand it there was a lot of Short Covering this feeling analogous to the tech bubble we saw in the late 90s i get that its a technologically driven car company, but the movements we have seen have outpaced the total market, so im going to leave it to the risk takers. Thats very much in the spirit of this price target note. Yeah, i wonder, though, this has been a debate on our air the last couple weeks. It feels like a company specific, stock specific story, and the concerns are around the company specifically, or is it indicative of a broader exuberance in the market i think the shorts got squeezed and the hedge funds piled in we bought it on valuation. I dont i dont know what to do with it here. Im not going to chase it. I dont think Retail Investors should i think theyll get another chance at it. Probably helps that the market is going up, and theres also an esg fever out there. Yes, thats true. Weve got 30 minutes left to go here are the three things driving the action, symptoms looking to close out with eweek of gains, but some weak Economic Data injecting on uncertainty. And oil making a move higher today, snapping a fiveweek losing streak, turning in its best week of the year. Well, its time for a cnbc news update. We go to Tyler Mathisen for that. Thank you very much. Michael avenatti has been convicted on all three counts of trying to export nike out of millions the charges carrying a combined potentially penalty of 42 years in prison. Speaking in munich, House Speaker nancy pelosi urging western leaders not to purchase the hue way technology, saying china is trying to undermine democratic values. China is seeking to export its digital ougauto counter racy one of englands top football teams has been banned from the Champions League for two seasons. The team also fined 33 million after an showed city overstated the sponsor revenues they will appeal back to you. Ouch yes Tyler Mathisen, thank you. See you next hour. Mike novogratz is todays closer why he says one market is poised for a rally, ahead. As we head to break, a check on bonds for you treasury falling again to close out the week they go back under low across the board well be right back. Under 30 minutes left to trade man can i find an Investment Firm that has a truly longterm view . It begins by being privately owned. With more than 85 years of experience over multiple market cycles. With Portfolio Managers who are encouraged to do whats right over whats popular. Focused on helping me achieve my investors unique goals. Can i find an Investment Firm that gets long term the way i do . With capital group, i can. Talk to your advisor or consultant for investment risks and information. Over to mike santoli for the market dashboard. Investors wishing a happy v into existence are hoping for a vshaped recovery, take a look at the s p industrial sector photograph for earns for the Current Quarter being reported, as well as into this is last quarter. This is for the First Quarter this year, so the Current Quarter, and then obviously a cok cocksided vshape here here basically holding up for the third quarter, and for the s p in general, but its important to know that analysts tend not to revise down under they get closer to the end of the quarter. We havent seen it yet obviously the mark is being held together, and expectations that the u. S. Economy is going to pick up, but i think this is going to come into greater focus as we get towards preannouncement season, and a little more clarity on what the slowdown might mean. Its a good point, mike, thank you, oar will investors just write it off . I think thats right, sara. Im hoping the market will look through this we increased our exposure to the industrials last may, and it didnt like right. But now were buying boeing . Yeah, on the idea that the mac will come back and the new ceo is managing the crisis a lot better. This stock, it should be 180 a share, but i think now were starting to see that things are looking up okay. Tiger global disclosing some in positions. Lets get to dom chus. Morsen everybody theres probably a lot of focus on chase coleman, one of the morse influential tech investors out there. In this particular report, dated for holding on december 31st last year, we had notable new stakes, one of which is alphabet, a new stake for chase coleman. Also some being largecap, megacap stocks getting reduced reducing their facebook take by about a quarter. Amazon is down by about 13 flores netflix down by about 28 , and microsoft reduced by 29 also a couple hot names. The real real and beyond meat, completely dissolved as of december 31st last year. With you notable is uber, because they had a stake in the previous quarter of 6. 6 million shares thats been you said by around 15 million shares to a total stake of nearly 21. 6 million, just for perspective, thats worth about 850 million in terms of a stake over at uber. A more than tripling of their stake on that particular company. Were continuing to pore through. But when it comes to tech names, chase goldman, tiger global, one of ones we look for, well continue to look for these back over to you, morgan. Dom, thanks for the latest. Up next we have your lastchance trade. Nancy is looking at one stock that less than 5 of analysts say to sell. Cryptoking seg its starting to how high he think that is stock could on go. Coming up on closing bell. Dont get mad. Get e trade, dawg. Danafarber Cancer Institute discovered the pdl1 pathway. Pdl1. They changed how the world fights cancer. Blocking the pdl1 protein, lets the immune system attack, attack, attack cancer. Pdl1 transformed, revolutionized, immunotherapy. Pdl1 saved my life. Saved my life. Saved my life. What we do here at danafaber, changes lives everywhere. Everywhere. Everywhere. Everywhere. Everywhere. We have 18 minutes to go laggards, ibm, caller pillar and walgreens are among the names. Nancy, time for a last chance trade. Were going to talk about Palo Alto Networks despite the fact that 5 of analysts only look we look at relative pricetosales ratio this Company Based on the own history, the stock is in our buy range. Sales having grows faster, so its been coming down. I think this is the space up to be in. Its in and out 51 of cap ex spending in gdp. Stocks up fragally today. Delta air lines maybe a push to be more ego friendly theres one thing the company sell will never be able to eliminate from the carbon footprint. Well bring you uninterrupted coverage inside the market zone. You can always watch orb listen to us tonhe go on the cnbc app. To us tonhe go on the cnbc app. Well be right back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its the most open and secure public cloud for business. It can manage all your apps and data from anywhere. So it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. Without getting in your way. . Its almost like a mywchallenge everyday to seeey. How well i can eat and still enjoy myself all day long. I wake up every morning to see how much weight ive lost and how much better i look. Myww join for free and get three months free but in my mind im still 25. Thats why i take osteo biflex, to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. Osteo biflex now in triple strength plus magnesium. You should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Make ice. Making ice. But youre not mad because you have e trade which isnt complicated. Their tools make trading quicker and simpler so you can take on the markets with confidence. Dont get mad get e trade and start Trading Commission free today. We are now in the closing bell market zone. Commercialfree coverage of the action going into the close. Mike santoli is here to break down these crucial moments of the trading day and we have Nancy Tengler here as well welcome to you both. Ngs off wit. The ceo on squawk alley earlier with his outlook for the company. We issued our outlook, we decided to invest or incremental growth, and we think were confident thats the right decision my goal so to build a large, profitable business. Mike santoli, this name has been high flying for near a year. Its a very rippy stock nothing in particular happened nothing too much changed about the story and these results. You have to believe it has a Central Place in streaming, and its a 150 billion market value. Is that too big or too small are we going to see, for example another disney plus launch that given a onetime charge in demand im not sure if thats whats going on, with the stock, but it does seems as if there is some scrutiny about whether were willing to pay for indefinite topline growth our producer is spend ago week in san francisco, saying its Charlie Mungers fault. I think thats right. I thought that was rich coming from a firm where they buy stocks for a different, but they refuse to pay one. Hi comments were rich sort of the same kind of hypocrisy canopy soaring after reporting better than expected results. Eric chemi it was salad progress on cost cutting. They expanded the growth margin, and they felt 14 from the prior quarter. Thats driven canopy to the best daily percentage gain ge other stocks like tilray and auro aurora back to you. Eric, thank you mike, ill bring this back over to you. It wasnt just tilray that curb canopy it wasnt just cap pnopy, but aurora as well the focus on trying to get to, you know, cash flow positive, and squelching the burning there as well. Is the turnaround finally happening within the sector . Im not sure its yet a matter of now we can have confidence in exactly what the p l will be for these companies, but i think whats going on is all these stocks in all these different areas i would characterize as idiosyncratic growth were going to talk about that. You say tesla, you know, all these things i think reflect an environment where were willing to make the bigpicture bet. This year youre seeing the revival of these things. Sure, but i go back to what irwin simon told us, he was saying some of these companies will not be here next year the cash burn is too intense thats my explanation for why the stocks are moving, even with the fact that, in the end, what do you have when you own these businesses its like kind of an ag commodity Consumer Product business are you out of that industry, nancy . I never got in. I have nothing to add. Sorry. Shares up more than 45 just in this week after completing a vital step ceo George Whiteside was on squawk alley earlier today as well we took or beautiful space ship down to port schayes sip, and well start moving through or progression of tests i like to let the engineers take each test step by step, because thats the right thing. Ive heard some folks on wall street describe this stock, mike, as the tesla of space, because its not necessarily fundamentals or any kind of major december theres been smaller milestones, but any sort of major milestone thats driving the shares higher, yet were up 140 since the start of the year yeah. They havent even started their space tours. Your total Addressable Market is the university. So you work back from there to get to a 5. 5 billion market cap. Was anything about this move understanding expected or ahead of excel, anything like that no, but you have this spaceship thats being relocated from the Mojave Desert down to Virgin Galactic head quarters, and they can do it final round of tests before they start sending some of the paying customers, starting with sir richard brandon, to the edge of space. It seems like investors are very excited about the possibility. I do think that the analogy works in that sense. Every single time they got to another phase of battery production, or delivered 11 cars to employees, every headline was a there arent that many way to say play it, right no, theres very few pure play Space Companies out there this of course is the only one in terms of commercial space tourism. There you go. Bullish on commercial space tourism. Delta air lines hoping to become the first align to go fully Carbon NeutralCeo Ed Bastian was on squawk box today discussing what it means. We will continue to use jet fuel for as far as the eye can be well be investing in technologies to reduce the impact, but i dont ever see a future where were eliminating jet fuel from our footprint. This was a ragly interesting move as so Many Companies are trying to think about the Environmental Impact and how theyre going to deal with climate change, its fascinating to see the airline take a plunge in that direction, where they obviously because of their business cannot do that, so they have to make the investments in Carbon Offsets. This will be a test whether the Carbon Offsets do that, if they work. Thats part of it as well as trying to economyize when youre trying to, hexel announcing a merger, and one of the things they want was the fact that the customers are looking for more of this, and it begs the question whether well continue to say more m a in Something Like aerospace. But i also think until china and india come to the party on climate change, we can continue to do things, but its not going to have a profound impact on the universe necessarily. No, though i think its telling that ceos and boards, because of the investors, because of the message they want to send to their employees and customers, and just that is a box that they want to check off and show a real commitment. Is that for you, as an investor, is that a reason to go into delta versus other airlines for me, no, no. That isnt our criteriocriterio. For the planet, its all great, but it needs to be a global effort we cant do it by ourselves. Its applauded, i applaud it, but i dont know that its going to make a big difference theyre still expending carbon for sure. Shares of expedia surging after beating earnings estimate. Heres chairman barry diller on the companys call last night, talking about the changes hes making to the culture. The whole concept of work and life balance that at amazon it was work and no life, and expedia it was all life and no work for years we lost clarity and discipline, so were changing a great deal were stopping this too large complexity, were simplifying our strategy were stopping doing dumb things and starting to do what we think are good things. Nanny, we were talking about Software Plays earlier are some of these Online Travel stocks like expedia attractive right now . You see stock is up 11 , and the coronavirus fear, and a lot of what we dont know, but is it a buying opportunity it can be. Were not yet in that group. We expressed our coronavirus sort of play in wynn but definitely these are companies that are here to stay, and you know, well see what happening in the next three months or so. I just like the lack of a boring Conference Call with barry diller more on the market sberchlts, misberchlt internals, mike. As befitting a day that was diffident to the side. And look at the momentum there it has been a performer. Thats big tech as well as things like visa, mastercard, and then the volatility index, its back in what i would call the normal ranges under 14, but as youve said, not going back to the lows still seems that the coronavirus fear is still a wild card. We have less than two minute to say go here over to Rick Santelli for a check on bonds. An intraday of 10s, its moved up to 159. Its really firmed up. Its not up one on the week. 142 last, that means it is up two basis points on the week one again we flatten the curve, but not all that much. From 33months highs indicate were building a solid base, to take you through some of the movers, nvidia has been a big gainer even in the face of a coronavirus warning from that company, other names driving the gain now, we were keeping an eye on amazon, that was lower apple has turned higher. Bob, going to send it over to you. 1 gains to the week. Hey, the important thing weve got is the markets believe the coronavirus scare is not going to spread dramatically outside of china well see. You want to watch things theres the singapore etf. Held epps very weup very well the key is not seeing the virus spread rally towards the close, dow jones down about 25 points, much of that boeing a little booth there into the closed welcome to closing bell. Im sara ice extent. And im morgan brennan. Along with mike santoli. Lets look at how we finished the day. The dow is a few attempts to go positive, though down lower, pretty much flat, capping off a very strong week for the markets. There is the s p 500, closing up about six points for the week, thats good for a gain of about 1. 6. The nasdaq the star for the week, as usual also closing today higher. The russell 2000 index also had a pretty decent week down about a third of 1 good for a second week in a row of gains after a 3 higher week 69. Yeah, real estate utilities were the best performers the dow utilities also had another Sector Energy was the worst performer, the low yields driving the higher utilities, defense plays and different plays. We have our closer Mike Novogratz joining us coming up where he Sees Opportunities outside of clippo. Joining us to talk about the market day, michelle mckinnon, and still with you Nancy Tengler. First lets start with mike santoli. Mike pretty subdued day. Treasury yields down again its happened every day since the coyne vire began the marble holds together. And i think on a net basis, investors are maybe wiifully or maybe just know what we know right now saying its going to the a passing slowdown based on the china interruptions and the rest of it financial conditions remain as loose as theyve been in recent years. That explains why the market is comfortable near thinks levels. It also explains a sort of odd combo between defensive and pro stocks, low yields. Theyre both adjacent to bonds in terms of how they perform. Its longterm cash flows we can rely on. Thats the way you can unify those things. Michelle, your thoughts on the markets here yes, absolutely we had confide a bit of data today, but it was a mixed bag. It was, but i think were going to answer your question of why are the markets looking forward or going higher . I think its the fundamentals. The u. S. Economy is on good footing. We are growing at trend. The past decade at about 2. 2 , along with a strong labor market and a healthy and happy consumer, and i think all those reasons tied in with the federal reserve, and lower inflation, markets can go higher. Is it a happy and healthy consumer yes, but that core retail sales number coming in at zero was a bit of a surprise. Absolutely a bit of a surprise, but again its one data point when you look at the other fundamentals, and also earnings. I think at the end of the day the markets are slave to earnings thats good numbers. Can we get that yeah, i think we can. I think the topline growth has been pretty consistent i think we probably can see that, especially with the second half of the year weighing in. The white house reportedly considering incentives to spur stock buying Kayla Tausche has more in washington. This is part of the tax cuts 2. 0 currently being weighed by the white house. Four Senior Administration officials tell me one idea is treating a fraction of income as tax free for the purpose of investing in the market. That would of course help part time and gig economy workers who do not have access to traditional investment vehicles. Larry kudlow says it could be created through the creation of universal savings account. That would roll up alps existing retirement and health care and education saves and remove all Capital Gains taxes from appreciation all five officials i spoke to said multiple ideas are being considered, nothing has been decided as final this is a prior for the white house how to incentivize savings and get more americans into the market. Nancy, would this be a good idea yeah, actually. I havent heard much about it. I think its super interesting to get my passion is the average person i this can invest. I love this idea of bringing them in and having them come in tax freed. I like that a lot. I dont know how it works. I think theres a lot to be worked out, but i applaud the notion. They would also have to get congressional approval for this. Im not sure democrats in the house i mean obviously theres a revenue goffoff at some point, but also, i mean, i just wonder if its a solution in search of a problem. I think people dont investment because of the tax treatment i think they underutilize the taxdeferred plans already the median balance in a 401 k is minuscule, and households carry Credit Card Debt and the average balance is 10,000 if only it was treated better for actionation, they would invest it. I dont know exactly how this necessarily plays in the current environment, even though on paper, sure, a great idea, but you have to think its getting at the whole debate, and by the way, in an Election Year around income equality. If you look at the stock market, whos been involved in some of these different asset classes, that has been wealth in, so the opportunity, or the idea of creating more opportunity for the middle class, for example, to get involved, at least is absolutely. I believe only 50 of americans participate in the markets if the markets are one of the greatest Wealth Creation vehicles, then of course its a good idea, right anything we can increase participation i think is a great idea. I mean, 2005, president george w. Bush in the state of the union said well put Social Security accounts into the stock market this why the it was going to cost a lot of money up front nobody is sorry that that didnt happen given what happened in 2008 i dont think we need to lower the cost of capital for Corporate America. That doesnt seem to be the number i think theyre trying to create chatter for the election. And maybe juice the economy a bit through the form of tax cuts. Or just rhetorically make it seem like theres Something Else to come. Or draw a contrast between the democrats who are talking about higher Capital Gains. Mike, you seem to cynical you know what you know lily tomlins joke i try to be cynical, but its so hard to keep up. Good motto. Over to bob pisani for a big losers and big winners, too. Some believe the coronavirus is temporary, some dont. Nike is a good example 20 of their revenues over in china, yet up 4 the investors there, intel has just been on final since the earnings three weeks ago that didnt even drop. No worries there cisco, though, a little more problematic. They beat. Global uncertainty slowing tech investments. That stock is down on the week united tech typically of the big tech the really big impact is on some Energy Stocks that just dont have a bottom. Occidental, exxon mobil, apache, marathon we closed over 52, still no bounce back. Back to you, guys. It was interesting that oil surprises went up and oil stocks continue to go down. Obviously this forgotten Oil Consumption is still the story, so also just on the other side of that growth defensives trade, right . Youre not buys the reflation, so even just on a flow basis, the Energy Stocks. I get that. I guess its the consumption picture. Michelle, maybe ill ask you this, the coyronavirus comes, wy did oil seem so worried . I think its a combination of, i think in fact consumption is lower, right even if the population is growing, lets face it we are going to ultimately use less and less oat out, just because of the terrible headlines i certainly dont want to comment too much on the individual stocks, but i think its multiple Different Reasons in regards to why oil cant catch a bit. And we have more with the saudi kuwaiti deal, and russia refusing to slow down. Aid cases in california alone. Well talk to mt. Sinais director. And one of the first people to compare the tesla run to bitcoin. Mike novogratz will join us in 90 seconds i consulted with your grandmothers doctor. We can do the screening at her house. Hi. This is the man thats going to check your eyes grandma. Cognizant ai solutions are helping Healthcare Companies advance diagnostics and prevent blindness in patients with diabetes. Everything looks good. You have beautiful eyes. Dont just plan to retire. Plan to live. An annuity helps cover your essential monthly expenses, so youre free to live the life you want. Find out how an annuity can give you Lifetime Income at protectedincome. Org joining us is the closer today, mike at novogratz good to see you. How are you doing liquidity, liquidity, liquidity. Weve been global rates low, people pumping in money. You look at china, and you just kind of do an aerial view, nothing is moving in china, which means the government is getting ready for two barrels of liquidity. Its driving stocks, crypto, gold. So if liquidity is the driver of bitcoin, why hasnt it been going up for the last, i dont know, 11 years, every time the fed cuts rate . Bitcoin is 11 years old its found a lane as digital gold you dont become digit at gold right away just last december, ice has a group part of 9 New York Stock Exchange and well do cryptocustody forsh so theres a safe place to store it, in the perception of the 50 to 80yearolds who have all the wealth in america, so were allowing more plumbing to be built. Is it actually safe it is safe. Weve seen price swings, all sorts of stuff that would make an investor nervous. Remember, you have to put it in perspective its probably the best new brand of the last 11 years for the lighted code that came out 11 years ago its a social construct. Its nothing technical we could have taken the same line of code called saracoin, and who knows what it would be worth. Similar to gold. Just gold has 3,000 years and 10 trillion coin has 11 years and 10 trillion what about all the different type of cry occurrencies out there as well. And the consumer as well most of those are longerterm bets, right . Win 3 to 5 years, im guessing well have a chinese crypto, japanese, and thats exactly where i was about to go with you we have comments from japanese lawmakers, who say they want to bring this up in 2k3w4rg7 is the u. S. Falling behind on this its falling a bit behind, but the bulk of the technology is being developed the regulators have been slow, completely slow i think we need to take this seriously and figure things out. The single biggest concern with reg whiters is money launders. Noirnian financing, and so were going to see something from treasury in the next few months that kind of puts some guardrails, i think thats a positive i think this has a weapon in macro portfolios is actually happening. I used to have to convince people how bitcoin worked, and i talked about it now as a hedge against inflation, as a hedge against easy Monetary Policy the dollar has going up its like 99 its had a provided steady run. But remember gold has been going up, too. It trades and this maybe you believe in modern monetary theory these guys seem to theyre not clapping for you. I wish they were. But you know some people believe in gold mark tells you not everyone believes in it. You would think goals shouldnt be trading its just on steroids, because its an early adoption. Inch just let it do what its going to do . Yes, you can go from 40 billion to 160 billion, you can miss bitcoin as it goes to a trip joel. The biggest stocks are a trillion we could take all the gold thats every been mined and fit it into a cube in that flag to here thats a pretty expensive sculpture, so store value is an interesting concept. Were showing your tweet here. It was a bubble, it happened around a powerful story and there was a frenzy of buying tesla seems to be similar this year its a great story i have two teslas. Theyre awesome cars. Is it a bubble. This conversation of liquidity and i think all stocks will fly this year. You know i was thinking back to both 1999 and 1989 with the japanese market. Like when you really get to the end of bull markets, multiples go insane, and these story stocks are really good to go insane i think we have that in tesla. Monster volume spikes, and my guess is that was the high, at least for a while. We should trade lower over time. You could go online and say the number one search on google was, should i buy at the la thats in general a pretty bad sign. So youre not what happened with bitcoin, even when it crashed down, its been slowly climbing back up. What happened is bitcoin crashed up back then every coin was seen as the next bit counsel flied may weather had a coin, and deutsche, and lake was the poormans bitcoin. When you have a supply response like that and regulators got nervous, you had a 97 collapse. Coming out of the ashes, bit counsel has developed its own lane of store value, where ethereum or eos, there are probably 25 credible cryos out there. Theyre trying to build the blockchain of the future thats more three to fiveyear bet. Im surprised they actually got out to i want to go back to something you just said, about stocks going higher. Of course it concerns me assuming that the experts are right great bull markets end in one of two ways spectacular explosion, i remember being in hong kong, fireworks and champagne, and then it crashed or fed action. So the feds very dovish right now. Theyre certainly not going to go in an Election Year trump has them scared of their own shadow, to be political or not. Theyre about to stimulate the heck out of the second largest economy it always finds it acts the world. So you get another surge of growth we have to make a headline here right now bitcoin feels answer frenzied, but we certainly take out the old highs by the end of the year we might be literally be there in a couple months. All right thank you very much. Okay we have a news alert on 13f filings by warning buffett and david tepper. First lets talk about whats happening with shares of kroger right now. What youre seeing is the stock up there about 4 , and one of the reasons why is back Berkshire Hathaway, controlled by Warren Buffett has taken a new stakes in kroger to the tune of around 18. 9 million shares. That is one of the reasons why you are seeing kroger shares higher in the aftermarket by about 5 , 160,000 shares of volume there are some notable moves there. But in the meantime, we do appaloosa management, which the hedge fund founded and run by david tepper alibaba has become a form larger founding about 2. 4 million shares were also wondering whats happening with boeing. They did have a position in boeing, about 30,000 shares. Theyre completely out of that position the semiconductor semiis a 35 increase in their stake there. Also unitedhealth group, a 20 increase in their stake there as well we will get back to you. You can see with kroger up about 4 to 5 just some excite and some love sometimes, you know, very durable brand, and probably a bet on their part that the world is not moving as much as people think its. A lot of skepticism is that amazon is coming so fiercely into its space, and you think of Warren Buffett still ahead, treasury yields continue their fall. That could be good for stock investors. Details straight ahead. You can watch or listen to us live on the go closing bell will be right closing bell will be right back woman what gives me confidence about Investment Decisions . Rigorous fundamental research. With Portfolio Managers focused on the long term. Who look beyond the spreadsheets to understand companies, from breakroom to boardroom. Who know the only way to get a 360 view is to go around the world to get it. Can i rely on deep research to help make quality Investment Decisions . With capital group, i can. Talk to your advisor or consultant for investment risks and information. Talk to your advisor or consultant wheneveryone is different. A, which is why Xfinity Mobile created a different kind of wireless network. One that saves you money by letting you design your own data giving you more choice and control compared to other top wireless carriers. Now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. No one else lets you do that. Design your own data with Xfinity Mobile. Its wireless reimagined. Simple. Easy. Awesome. Welcome back to closing bell over to mike santoli for thinks her dashboard of the day. The lets bad choice, not that anyone would know about that, but theres not a lot of yield in the world if youre looking at stocks versus bonds, stocks might be the lessbad choice. You skee its up close to 60 right now. Up here in early 2016, also around 2011. The yields arent very high. The current s p yield is 1. 7 or Something Like that, but obviously exceeding what bonds are giving you this create a buffer under equity valuations. It does show you that on the spectrum of assets, stocks are not badly positioned, at least on this basis. And treasury yields are super low. Less than 1. 6 on the tenyear, yeah. Which is why theres a choice for yield in other places. Right its inflating equity valuation. Its credible, too. We were talking about it earlier, dow utilities hitting another record today in much the same way we saw, its almost in barbell in terms of where investors are piling in. Yield or secular growth nobody loves utilities, nobody else gums out and says theyre overweight, maybe because there is that wall of worry and theyre very much utilitarian. This has clearly been the dynamic. The question is, what changes it we were talking to Mike Novogratz, and he said prepare for more stimulus from china they were on the leading edge of maybe something truly unhinged to the up side, but on the other hand, you know, you can only go so far where we expect growth to come through in three or six months time and not have a recession scare thats the other risk out there. With the hearts and the pink and the red, i feel like this is the most dramatic ive ever seen your charts. Now the bar is he very, very high you know how i feel about stickers and cutting thing out of the construction paper. Its like a gift. Kudos to the graphics department. They did a great job. We have a news alert. We have news on american, boeing, ittal revolves around the max. American airlines doing what we have seen from southwest and united, pushing back the date when it connects to bring the 737 max back into service. It was in early june now american says it would not be flying it at least until august 18th. Thats the day they have scheduled so far if you add up all the flights just of the grounded maxes that have been canceled, all the back through august and september, more than 213,000 flights have been canceled. Thats just the ones that are grounded were not talking about the ones they were supposed to take delivery on. A cyclone of shares report of whats going on with boeing. We have learned from sources that boeing has filed its initial plan for how to deal with the issue of 737 wiring bundles. Not to get too wonky, but the concern has been raised with technical staff, that the placing of the bundles could potentially lead to shortcircuit issues that could potentially cause in certain worstcase scenarios if the pilots didnt respond in a particular fashion boeing has been addressing this issue over the last several weeks. Its filed its initialed plan, it doesnt require modifying the bundles or moving them thats the latest regarding boeing, american and the 737 max. Phil, thanks. Lets go back to dom chu on what Warren Buffett is buying and selling. Sara heres what weve got. The conventional wisdom, when it comes to going through berkshires investment holdings, those are typically ones we associate with being made by Warren Buffett himself those under a billion dollars are those that we associate by todd combs or his top lieutenants with picking stocks. With that in mind, the two notable new positions we are talking about, have to do with kroger, close up pretty big premarket and a new stake in biogen to the tune of around 648some thousand shares they appear to be new positions made by the team at Berkshire Hathaway the other notable ones are in Financial ServicesGoldman Sachs is a fairly large reducti reduction, berkshire has reduced its stake. Also wells fargo, which is known as a Warren Buffett pick within the portfolio, the stake in wells fargo has been trimmed by about 15 . Other notable ones here as well, Travelers Group is almost a complete divestiture theyve trimmed about 95 of the stake there. A couple notable increases here, or one in particular is rh, formerly known as Restoration Hardware thats a 41 increase in the stake in rh shares, to right now just around 9. 6 million shares they are moving the stocks with kroger and biogen. Morgan, sara, michael, its been a pretty interesting 13f so far. Well see if we are move. And occidental petroleum, berkshire was part of that all right. Dom which yochu, thank. Up next, whether the hospitals and the government is doing enough to prevent the spread of the coronavirus in the u. S. U. S. Well have more on that. Great markets are built on a foundation of trust and integrity, forged through leading Edge Technology and a smart regulatory framework. As technology advances, regulation must keep pace to allow the markets to evolve. Today we see an opportunity to modernize regulation, to make markets more accessible to investors and entrepreneurs of all sizes. From the graduate buying her first stock, to an institution investing in thousands. The markets belong to everyone and stand as a symbol of economic advancement, social progress and limitless opportunity. Thats the tomorrow that we envision and to get there, well have to rewrite it today. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk welcome back lets get an update from Tyler Mathisen the closing arguments are wrapping up in the Harvey Weinstein trial. Jurors will begin deliberating next week. The u. S. Navy seizing over 100 iranianmade weapons on the way to yemen over the weekend. Sailors from the cruiser uss normandy intercepted a boat with weapons Turkish Forces and syrian rebel groups clashing with Syrian Government forces in a continuing confrontation turkey has backing rebel groups in northwestern syria in their battle against a government offensive. According to reports, my Hometown Team the Washington Redskins will release josh norman he played his first four season with the panthers before signing a contract with the redskins the move will save the team 12. 5 million. Back to you all. What is hospitals doing to prevent the spread what would the worth case noor i dont weve been preparing for years. There was also the middle eastern respiratory syndrome, called mers, so hearts of the routine is we symptoms, every time they come into the. We have adopted isolate, and then call infection prevention, which im part of the team, and also the Public Health officials to then decide what to do next if what we understand its so contagious, there is a very long incubation period weve had people travel to the United States. I think we started screening travelers from the airports a lot earlier. I think what the experts are saying now is theres a potential this would be part of a circulation, circulating viruses anyway and stole be part of our usual viruses that potentially can recur in the wintertime very much like the flu virus. How much of a certain is singapore. You dont have the same sort of travel bans. Is that something that, i guess the u. S. , for example is on high alert around i think they didnt have as strict of a travel ban i think part of it is because they had an increase in number of cases. For a small country, they do have a lot of cases. I think they are increasing their travel ban just to prevent new cases from coming in. Obviously theres been some alarm about the potentially for the virus over here. At your hospitals, you know, saying im worried about possibly having this weve had a few patients actually at all of our sites that have met the travel screens and also had symptoms. We have isolated them properly it turns out after taking their history there were other reasons for why they had the symptoms, such at flu. Flu is very common right now, right . Its making it harder, because we have a lot of patients coming in with flulike symptoms. So if you add the travel history or potential exposure. That would increase your alert you you need to isolate that doctor, thank you for joining us. Thank you. Tonight you can catch the cnbc report at 7 00 p. M. Eastern right here on cnbc. Coming up, it may be valentines day, but u. S. Ceos are feeling no love for Bernie Sanders when it comes to donatio donations. Find out who they are donating to instead to instead later on closing bell. Yeah . So what do you see . I see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. When yowhat do you see . Itical issues facing our world, we see breakthrough medicines getting to patients in record time. We see harnessing natural gas unleashing the promise of clean energy. We see engineers simulating the future to improve today. At emerson, when issues become inspiration, focusing core strengths to create a better world isnt just a result, its a responsibility. Emerson. Consider it solved. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Welcome back lets check in on some stocks of moving back on new stakes by Berkshire Hathaway, including kroger, spiking 6 after hours, with berkshire buying nearly 19 million shares with more than half a billion in americas largest grocer outside of walmart. And also a stake in biogen that stock moving up as well up next major csuite spending l os donated to politica campaigns. The top donor may surprise you we will discuss that ahead hey there people eligible for medicare. Gimme two minutes. And ill tell you some important things to know about medicare. First, it doesnt pay for everything. Say this pizza. [mmm pizza. ] is your part b medical expenses. This much about 80 percent. Medicare will pay for. Whats left. This slice here. Well. Thats on you. And thats where an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company comes in. This type of plan helps pay some of what medicare doesnt. And these are the only plans to carry the aarp endorsement. Thats because they meet their high standards of quality and service. Wanna learn more . Its easy. Call Unitedhealthcare Insurance Company now and ask. For this free decision guide. Inside youll find the range of aarp Medicare Supplement plans and their rates. Apply any time, too. Oh. Speaking of time. About a little over half way and theres more to tell. Like, how. With this type of plan, youll have the freedom to choose any doctor who accepts medicare patients. Great for staying with the one you know. Or finding. Somebody new, like a specialist. There are no networks and no referrals needed. None. And when you travel, your plan will go with you anywhere in the country. So, if youre in another state visiting the grandkids, stay awhile. Enjoy. And know that youll still be able to see any doctor who accepts medicare patients. So call unitedhealthcare today. They are committed to being there for you. Tick, tick, tick, time for a wrap up. A Medicare Supplement plan helps pay some of what medicare doesnt. You know, the pizza slice. It allows you to choose any doctor, who accepts medicare patients. And these are the only plans of their kind endorsed by aarp. Whew call unitedhealthcare today and ask for this free decision guide. Welcome back fresh data shows that ceos spent more than 2 million on political donation robert frank has the story. The biggest political donation by an s p 500 ceo was reed haysings, the ceo of netflix. He gait it to the Senate Majority pac the next is Warren Buffett, 245,000 to the Democratic Congressional campaign committee. Jay adair, the ceo of copart, he gait just under 200 to republican causes. Jeffrey sprecher gave 100,000 to the rnc fred smith of fedex, greg brown and lance ryan also among the biggest republican donors. Guys, back to you. So, robert, i just want to get this straight, you are teasing ahead to this. Were not seeing any donations from major ceos or folks in Corporate America to Bernie Sanders . No, we havent seen any donation from ceos to any individual candidate yet that could come once we know who the democratic candidate is and once we head into the general election so far not only none to Bernie Sanders, but none to any other candidates, but that will likely change as we get deeper in the election cycle. Robert, thank you. Guys still to come, they say love dont cost a thing but the stountines day dinner could co y more than you bargained for. Closing bell will be right back at fidelity, online u. S. Stocks and etfs are commissionfree. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. [ fastpaced drumming ]. Lets go back to mike santoli for the final dashboard of the day. The average consumer dopes not have many reservations about how the stock market is going to do in the next year. Today we got the university of Michigan ConsumerSentiment Survey results its a survey about how consumers feel about finances and confident about the outlook. Those came in better than expected showing some pickup. But there was a question in the survey how consumers feel the stock market will do in the coming year. Will it go up . Thats simple yes or no question 65 of the people this month said yes i expect in 12 months the stock market will be higher. This was the only time there was a higher percentage of people saying that. Early 2017, 2018 when there was actually pretty much an important stock market peak, did a serious pullback i wouldnt say this is a screaming contrarian signal for the market but it shows you the Market Performance has got people thinking its continuing from here typically if you want to buy fear thats not one of the moments right now. Okay. Well that puts that in perspective. Mike, thank you. Up next, picky or just political. A slough of dating apps adds a new way to filter matches and could change how often youre swiping right we explain when swiping right we explain when closing bell comes back. Has focused on keeping confidence up when markets are down. An approach where Portfolio Managers work well independently. Who dont just invest, but are personally invested. Can i find a proven approach designed to deliver results . With capital group, i can. Talk to your advisor or consultant for investment risks and information. Talk to your advisor or consultant yes im stuck in the middle with you, no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its the most open and secure public cloud for business. It can manage all your apps and data from anywhere. So it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. Without getting in your way. And now to a special valentines day theme buzz on the street first up major dating platforms including coupe i had hinge and bumble sift something out matches with incompatible politics. After there was an 187 increase in political mentions on profiles between 2017 and 2018 with similar trends continuing into 2019. Im going to be honest, guys i thought Something Like this would have already existed obviously i havent been on a dating app. Somewhere within the profile. But you would have had to choose to put that in there, right . Yeah. As opposed to to having remember the stories about how in d. C. Becomes hard it was a polarized dating communities and hard core conservatives had a hard time finding dates. Its indicative where we are. 100 . Everything is not just republicans and democrats. But they should go issue specific how do you feel about reproductive rights. You dont want to be on the other side of the table with somebody feeling differentiately. I think there is a seinfeld episode about that. I know what youre talking. Americans dining out for valentines day might find the bill higher than expected. Restaurant prices climbing 3. 1 in january ahead of last year. Fastest increase since 2009. The tight labor market is a factor. Minimum wage went up in a lot of states, right. Yes. And i mean 3 doesnt sound like its outrageous necessarily for one year but. Its high are than inflation. Yeah. But, you know, as youve been reporting in terms of consumer Package Goods theyve been able to push through price increases. Correct Consumer Confidence is high. Unemployment is low. Wages are high people willing to go out they are willing to spend more and even if they are staying home they are paying more for delivery. I think the desert is getting more expensive 37 because of the spike this sugar a short fall in that commodity. A more vensive vd. Biogen and kroger two names mentioned in the berk shir release timing showing berkshire was a buyer in the past few months. A spike in kroger in particular. A laggard, underloved biogen as well. Doing nothing in a a number of years. It plays to type in terms of if it is mr. Buffett as opposed to his Portfolio Managers he is playing with a lot of house money in the apple stake sprinkling it around. Or you noted that he did not sell off more. It would have been big news if he backed off the apple stake which he has not apparently. All right have a happy valentines day a threeday Holiday Weekend as well that does it for closing bell. Fast money begins right now. Yes it does, happy friday. Live from the Nasdaq Market site over looking times square. This is fast money. Im brian in for melissa lee traders are tim seymour. Jeff mills welcome brian kelly and steve grasso tonight on fast. Shares of Canopy Growth sparking a rally in the pot stocks. Why bad news is not so bad news in this sector well dig in plus for your chart of the week we look at a name we all kind of left for dead not long ago well maybe not everyone around the table. Ishe