his first interview in ten months since president trump's inauguration since then stocks have roared to all-time record highs, including today's 24,000 milestone mr. mr.icahn writing a letter criticizing the planned deal with bonanza creek and its adoption of a poison pill, which he calls a travesty. carl, welcome back it's good to talk to you again. >> good to talk to you. >> we'll get to this incredible stock market in a moment, but let's begin with sand ridge. that's your news of the day and this letter that you've written to not only criticize this planned acquisition but a poison pill that you refer to as a complete travesty and representing a new low in corporate governance why so >> yeah, i think that the company, i believe, to entrench itself went out and issued stock and issued stock for a company called bonanza and they're paying bonanza a 75% premium to the $421 million valuation established by bonanza creditors. this was written in an article, who i don't know and never met and own a fair part of this company. but here's the really important thing. the thing that's so reprehensible. it's not so much that they went out and overpaid for this or want to overpay, and it's not even that this guy, bennett, who runs the company -- now get this, bennett started the company. he was in the company of sandridge in 2011 as cfo then in 2013 they pushed the ceo out, it was a proxy fight for a lot of things that i don't want to go into or can't go into and they put bennett in who was then the cfo. bennett presided over the destruction and the loss of $5 billion. so think about this. the company shares -- the shareholders got nothing, zero and during this period, bennett has taken $50 million for himself. and also presided in giving what you assume was his buddy, the ceo that left because they pushed him out, $90 million. so this is a blatant -- it makes a banana republic look good. it's like what i've been railing about in corporate governance. and you know i think that this might be a really very important point because we're going to be going to delaware to fight this type of pill, because they put in a pill that, you know, to stop guys like me, you know. i bought a fair amount of stock -- i bought the stock a little bit i had a little bit of stock in it, you know, when it was up around 19 or 20. and i had a little bit and i thought, okay, what the heck, i know the company, i know that area pretty well, we had done business there a long time ago and incidentally sold one company to them and i had no intention of really going after it but they went out with this crazy deal and the shareholders really dumped stock on the market, a tremendous amount of stock on the market so about 20% lower i was able to buy up to 14%. they come out with a pill, but the pill is the most outrageous thing i've ever seen so i'm not even arguing about bennett taking all this money out for himself and i believe screwing the shareholders, i'm not arguing so much about overpaying for this, but here's the unbelievable thing they're saying that you as shareholder do not have the right to talk against the deal in other words, i can't go out, and even in a totalitarian state you have a right to go against the dictator of course you might get shot but you might not. you might get shot, you might not. in this case you definitely will lose all your money if you have -- if you utter one word against the company. if you go to other shareholders and say, hey, vote against it. so they're going to have a meeting. they're going to have a meeting and they're saying, but if any of you -- you can vote against it, but if any of you dare to say we're wrong, we're going to tell everybody we're right but if you dare to say we're wrong, icahn, or anybody with more than 10% of the stock -- well, not more if somebody had 4% of the stock, another guy has 3%, another guy has 3%, according to this pill it seems like you lose all your money. >> because they add it all together for what the 10% of what the pill is. >> and they made it so ambiguous that you don't know. so they hire lawyers, they pay them a fortune to come up with this stuff because they really want in my opinion, they want to entrench themselves. they got the honey pot and i think bennett has just tried to do it again he got $50 million out, $90 million out for his buddy and why not try to do it again, go to the long ball. >> there are a couple of important things that i heard you say and i was going to ask you anyway it sounds to me like -- are you going to sue in delaware court >> yeah, i think we've already -- you read the letter we wrote to the company. we've asked them -- we've asked the company to clarify that what i said isn't true because it's ambiguous and say, hey, we want to know that we've got the right to go, and we will very strongly electioneer against this deal. we want to know that we have the right to have a special meeting. the company gives you the right to have a special meeting, so we can call a special meeting, that's fine, but you can't talk to anybody after the special meeting about what you want to do which is get rid of the board. you can't do that, according to this pill. you know, they're going to have a meeting -- now they're going to have a meeting -- you have to get the vote of the shareholders to approve of giving half your company away in this deal it's tantamount to giving half the company away and paying 75% higher than what the company was valued at only six months ago it's the most ludicrous thing i've ever seen. >> how optimistic are you that you can stop them from doing this deal? >> well, i'm going to tell you, i've been pretty good at this for the past hopefully -- this is what i do, and i will tell you that i'm going to give it my best college try it's not that i'm walking away and not doing it now, i will tell you it's a little binary for the company in my opinion because if they get this deal through, this company is worth, in my mind and what the market said, they just diluted the company of about 40% of its worth now, they'll come up with a lot of arguments, they haven't but there's no question that they're doing this for other reasons in my opinion, to entrench themselves and for bennett to get himself another $50 million, $100 million. i hate to use the word "steal" but that's as close as i can think about it this is what's happening an we're not going to let it happen. >> you're not the only large holder that appears to be against the deal you mentioned fir tree partners. we reached out to sandridge today to let them know that you were coming on to see if they have any comment they have no comment but you're clearly not the only voice here of a large holder perspective that's against this deal. >> yeah, i'm really happy about that i will tell you categorically not because i planned it that way but i don't know any of these people i've never spoke to any of those. so i will tell you that it's not something that was planned or anything like that not that it's terrible to plan it i mean i think you have a right to go to shareholders. in an election, you're running for congress, somebody else is running for congress, they're telling you that you don't have a right to go to anybody and ask them to vote for you i mean this is as bad as it gets. >> is it this particular deal that you're so vociferously against? would you prefer that the company does a different deal, or this deal at a different price? >> no, i don't want -- i think -- i don't want to see the stock diluted, which will help them be entrenched i think they're a terrible board. they got, i think, after bennett presided over bankruptcy, he destroyed all the value, got $50 million and now he's trying to do it again, he's still there. and so i just think the board is really bad and what have you but i think it's deeper than that normally this would be a little small for me, so it wasn't something that, look, i want to go get sandridge even though i think it's badly run there are other companies god knows that are badly run but i think the concept of this is so outrageous and reprehensible that it's sort of got to be stopped. if it's not stopped, i really think today in the euphoria we have, i don't think anybody is too concerned, corporate governance, so what, look how great it is. but it's not going to remain great forever. and one of the great things about our country as i've said for years is democracy one of the great things about our corporations is that you can go and change the companies if they're badly run. >> you just used the word "euphoria" and i'd like to switch our attention to the stock market right now the dow jones industrial average today is up 232 points as we speak crossing 24,000 for the first time ever we haven't spoken since the inauguration when you were wildly positive about what could take place in this country from a business standpoint because of president trump. i'm wondering what you think today as we mark yet another milestone for stocks >> look, i must admit i really thought trump was going to really change the landscape, and he certainly has gone far to do that i'm not that involved with washington, as you know, but i am -- i have to say surprised at the euphoria i think -- i personally think, that's just me talking you know, this is like going to vegas and asking is the roulette wheel going to come up black or red? in other words, i think it's very difficult to now predict what's going to happen in the next week or the next month. but i will tell you that i really think even though earnings are going to be very good and what have you, i just think this thing has got into a euphoric state to quote what was said many, many years ago, i think there's a bit of irrational exuberance right now. but being that said, i do think that with the tax break and with the way you have the emerging markets being so strong, i have to admit that there might be a very strong underpining to this market so in other words i just think it's runaway and might have a big correction but i can't say it's insane, so maybe i shouldn't say rational exuberance, maybe i should say a little too much exuberance at this time. >> look, the market went up some four more years, i believe, after allen greenspan said those words so you can still be rationally exuberant and still have a long runway before us is that the environment that you think given taxes, what's going on with the global economic recovery and so many other things that seem to be a tailwind for stocks? >> yeah, yeah, i want to change the word rational exuberance there's a lot of underpining, a lot of strength. i am just surprised that it happened with such a great force and momentum and yet -- so i do think -- you know, when that kind of thing happens, there are corrections so you have to be very cautious. so obviously i'm not saying anything that these people don't quite understand themselves. >> sure. i noted themselves with sandridge that it's your first new activist position of the year, which began in october, which is news in and of itself you're normally a pretty active person in the market is that representative of how you view in some respects where stocks are, that good values, undervalued stocks like you like to say are harder to find in this environment and that's why this is your first so late in this yoear? >> yes, you're definitely correct. it's hard to find -- you know, when you do this activism, you've sort of got to feel it's a no-brainer you've got to feel that you've got a lot of value in it, you know, so that if you're right, you put in a lot of effort into it and so you've got to say look, like in ebay, we said look at the jewel paypal, all you've got to do is get them separated. so you've got to have something that will dramatically increase value when you do it and so there are very few things that i find where that exists today where you can dramatically increase value without worrying that you're going to get a correction that's going to hurt you badly. so it's not an easy -- it's certainly not an easy market i don't think anyone, anyone is going to tell you, oh, you know, this is a no-brainer these companies they're just great and nothing can happen to them you know, looking back, and i've been in it a long time, you know, something like north korea will happen and the market will be getting really badly damaged while everybody is a little scared of what's going to happen today all this stuff is just brushed off. so it's surprising to me that it's had this -- especially in the light -- i used korea as one example but a few other things so in light of that, i'm surprised at the exuberance. but i want to correct what i said, i don't think it's completely irrational because i think there's an underpining to many of these companies. >> lastly, before i let you go, what do you make of bitcoin? are you an investor, in any way in it? what do you think about it >> i've got to tell you honestly i don't understand it. i'm the last guy to -- i just don't get it i just stay out of something that i don't understand. i leave that to others to explain and talk about. >> are you marvelled by what you see there? >> yeah, it's like sort of amazing to me. it's one of these things, if you read history books about all these bubbles, you know. like the mississippi bubble and all, where they went around and selling all this land in mississippi that was sort of worthless and the french were going crazy giving him all this money and then one night it all blew up and they were after -- this was the time louis xiv who didn't like them anyway. i mean there's books on these bubbles. to me, this is what this is. but i'm the last guy to say that because i really don't -- i could talk about bubbles in certain areas that i think exist sometimes, like in real estate when you have these apartments in new york going for $200 million and you have artworks going for $400 million, i say, hey, those are bubbles caused by low interest rates but i can't talk about bitcoin i don't understand how the hell it gets up there. >> it is quite remarkable. it certainly has a lot of people following it carl, we appreciate your time. it's good to talk to you again it's been a while. >> good talking to you again, scott. thanks for calling. >> you bet, take care. carl icahn joining us there on the phone. let's wrap this up quickly on the desk as we said, the gang is here today. what do you think? it's not -- he corrected himself, didn't want to go as far as to say it's irrational exuberance, but is it euphoria what is it >> well, i think on days like today, you're hitting euphoria over the passage of the tax bill and that's still not a slam dunk, although mccain coming out makes it seem more passable. you've got more global growth numbers that came out from europe u.s. numbers are good. so there are underpinnings in the market what is disappointing that some of the stocks that sold off hard yesterday like micron haven't recovered as much. >> i'm glad you went there, pete, because it's been a bit of a whimper in terms of a rebound. yes, the nasdaq is positive, yes, tech is positive, but this is not much of a bounce. >> but when you think about where they have come from, micron, steve and i were talking off air, micron up 100% on the year so a pullback, this is a significant pullback it's a reasonable pullback but you look at most of the tech companies in the semi space and stocks up 50%, 60%, 70%. the fact that they're adjusting back, we've seen it in the banks, in the industrials and seen these pauses here and there. look at the financials today, absolute explosion you have goldman sachs and jpmorgan in the dow, but bank of america and citi and wells fa o fargo. the financials are ramping up. 2017 has been the year of rotation. >> that's the positive, that you have a rotation. >> absolutely. it's not one area. >> or f.a.n.g. >> you see it moving today. >> if today is the definitive answer to the question that you posed earlier today, who knows i'm wondering what you think about the rotation, kevin, that we've seen in stocks, whether it's this lasting new way that people are going to be viewing this market, maybe selling some of these tremendous tech winners and getting into other areas of the market that they deem better values at this time? >> i think rotation is very healthy and to have it happen now are helping guys like me trying to make bets for 2018 trying to decide where the value exists i want to go back to the icahn thing for a second you think about activists. what a bad rap some of them have got. but here's a guy, i see him dressed up as robin hood, stepping out of the forest saying look at this little company screwing over their shareholders but i'm not just going to talk about it, i'm going to take my own personal money and put them over the coals in court. i love this stuff. i think this is what it's all about. and i think we want more carl icahns doing exactly that. i don't know this company, i don't know the ceo, but what i just heard was absolute bs and i think he should be put out there on a spit and turned over the coals for it diluting his company by 0%, buying an asset 75% over its market value and then he meets robin hood i love it. >> josh, one of the most interesting things that we glean from this new position by carl icahn as of october in sandridge is as i said it's his first new activist position of the year. that's how difficult it is to find value in this market now, and it's only going to grow more difficult. >> yeah, so i think it's interesting. there is value in certain areas of the market, and energy is obviously one of the target-rich areas for value investors right now. and then maybe in some retail, a handful of drug companies that have been killed this year but overall this is one of the easiest years to have been an investor maybe in the 19 years that i'm doing this, even right now you think about we're talking about there being a tech correction. meanwhile, the qs are 7% above their ten-month moving average, midcaps, 6.7% above. none of these are anywhere near what you would term a traditional term reversal. international has outpaced u.s. so it's been very hard to find fallen angels, companies like sandridge that haven't lived up to their potential they're out there, some of the restaurant stocks maybe. overall all you had to do this year was wake up, get out of bed, you made a lot of money. >> transports up 5%, airlines up 4 -- this is on the week home builders up 3, retailers up 6, banks up 5, industrials up 3, tech, nasdaq, f.a.n.g., semis, emerging markets down. >> financials are the area that are most important to me coming off this week. we've talked a lot about that being the positive but we keep measuring sentiment and are talking about irrational exuberance i think the word that comes to mind before this is all over is you're going to begin to see more and more parabolic moves and i think we got a little glimpse of that over the last two or three days. i think that's what you want to focus on in the marketplace. when you begin to see some of those names trade in that fashion like steven mentioned, maybe those are some areas you pare back your risk. but the fundamentals for the marketplace heading into 2018 haven't changed, it's just the style and strategy of the way we're going to tract is going to become a little more volatile. >> you have parabolic moves in some areas that haven't done anything for a long time so it's important not to become a knee-jerk contrarian where a stock trades in a range, it's been trapped and all of a sudden makes a big move out of that range. that's not the time to look at that and say, oh, that's parabolic, we need to automatically dismiss this, fade this, short this that has been a huge money loser and the banks are just the latest example a host of sectors that have plodded along, haven't really kept up. look at jpmorgan the stock was under $100 two days ago it's $106 already. this is not a stock that's been rampaging like amazon. >> but why in 2018 there's no competition for equities in 2017 if we get four rate hikes, will that finally be a place -- >> yeah, the market is telling you they don't believe it and they shouldn't because all the other fed forecasts have been wrong. >> will there be competition finally after seven years against equities will fixed incomes come back. >> the dow is up 270 points on the same day it broke through 24,000 for the first time ever lots more straight ahead on "the halftime report. a recent star of retail is about to fall, according to one analyst. the call of the day is next. plus, shark tank stunner one of the most heart-warming deals ever is about to get even better and bigger "the halftime report" with scott pn a t tde ibawaerndherarss ck in two minutes is the monolithic view of emerging markets obsolete? at pgim, we see alpa in the trends, driving specific sectors of out performance. where a rising middle class powers a booming auto industry. a leap into the digital era draws youthful populations to mobile banking and e-commerce. trade and travel surge between emerging markets. everyday our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. we're back on "the halftime report." gap is up 38% over the past three months, but now an analyst at citi says it is time to get out. it's our call of the day it's a sell call $28 price target we believe the stock is likely to go lower from current levels they say, and the risk/reward skews unfavorable. >> they have many in their camp and short interest certainly reflects that. it's grown to nearly 11% right now. i think gap has done incredibly well both with old navy, you see that with the comps, 4% better than 2.5% and the athleta brand. it is overcoming the slowing obstacles for retail itself and the slowing traffic trend. this is a company that's executing on its business. they have a lot of people that don't believe in the story, it's trading $32 and i don't think it's a reason to sell just because you're looking at a secular decline. >> quite honestly, they had it a hold and now it's a sell. >> but it's up 40% in three months. >> and have they been right with that hold thing? i don't know what does that mean, more neutral? we kind of like it, we're holding on to this thing. >> i would like to have the guys that are actually giving you the right information at the right times and i don't know that this sell is necessarily that when you look at what they're doing in old navy, joe points out, athletica, even though it's up 30%, if it's trading 15 times, is that something that's totally unreasonable i say no. >> and i said what retail has done week to date in the face of this rotation. jump back to this in a second. let's get to breaking news with steve liesman. >> thanks very much. mandy crowell, the new vice chair at the federal reserve said digital currencies can pose a potential risk to the financial system if they become used widely. he does mention bitcoin in his speech he said they are a niche product and do not pose very much risk at the current level of use. his concern is if they become more widely used, they will have trouble in times of stress, specifically he's concerned about liquidity of digital currencies and having liquidity problems he said these currencies are not backed by secure assets and have no intrinsic value he said these currencies are not the liability of any institution at all he goes on to urge caution is something that was mentioned yesterday by the new york fed president on the central bank issuing a digital currency he seems to prefer allowing the private sector to lead the way on this issue. he thinks banks ought to get together and offer instant payment system amongst themselves rather than just clients within banks he said the fed is actively monitoring digital currency developments i don't know if this is a precursor to regulation but i don't know if this is a tougher level of concern from any central bank official. >> i would guess that we would only hear more and probably a tidal wave's worth more of commentary from members of the fed and elsewhere. >> i'm kind of surprised we haven't heard them to this point. what randy quarrels is saying makes a lot of sense to me what happens if these things become widely used and part of the backbone or even blood or nervous system of a broader financial or global system even within a single currency is how do you meet demands for liquidity in times of stress, and that creates the potential for financial risk out there that is what he is signaling i went back that maybe others have said things like this in the past i haven't seen it and it makes a lot of sense to me what he is saying. >> steve liesman, with that breaking news. i want to hear what you guys think. josh, you're first >> i think the race is on to figure out the custody issue, to bring in institutional and maybe not pension money, butendowment. if they were going to kill it, the time would have been '13-'14. now it's almost getting too big. when it gets too big and enough wealthy people have money at stake, then you cross a threshold where now we can't kill it, only pass laws around it and try to figure out how to regulate it. they move very slowly and this world moves at lightning speed the last thing is this is global so one jurisdiction, one country can pass any kind of arbitrary rules they want to about who can use it, how long can you use it, how much it's not going to affect the global uptake of this. if they wanted to do that, the time to have turned it into a pariah instrument would have been three years ago coming up, pete is seeing bullish options activity in another retail stock it's down more than 30% this year before the break, let's take another check on the markets, another record-setting day the dow now up nearly 300 points wow, it's more than 200 points above 24,000 just hit that level earlier today. "the halftime report" is back after this trillions of dollars going back to taxpayers. who could possibly be against that? well, the national debt is $20 trillion. as we keep adding to it, guess who pays the bill? him. and her. and her. congress, we should grow the economy. not the debt. ♪ we are back on "the halftime report." we've sent pete najarian to the telestrator. what have you got for us today >> good to see you, scott. macy's take a look at this thing. stock obviously on the decline most of this year. you get down here, suddenly we start to bottom out. i'll give you a quickie. on friday, black friday, we had call buying in there very short day, obviously reduced trading day. we had some huge call buying they were buying 27 cents paying for the options. today they got rid of those things for $2. somebody is trying to roll up now. the december 25 calls over 10,000 of these were bought today. they're paying around in that 50-cent sort of a range so really interesting to see. this big of a trade, this is through december i'll be in this for a couple of weeks, but i've got an update for you as well. on monday we talked about the huge call buying in humana they were going out to january they're buying the january 2.50 calls. i bought the stock the stock is up, that's great. the stock is up $8 or $9, something like this. actually it's more than that now. these calls, on the other hand, have more than doubled when they were buying them, they were trading for about 5.60. today over 12 and now looking at where the stock is, i last updated that a while ago those are trading well over 12 that's a huge move, very, very rapidly. if i was in the options, i'd be trimming i'm holding on to the stock. >> pete, before you come back, let me hit you on the market the dow is up 300 points, the vix is nearly 12 what do you make of it >> people are very, very aggressively positioning right now, scott, because of what they're seeing in the markets. so they're not only buying some protection, that's actually lifting that put side. but they're absolutely going aggressively at the upside as well take a look at these spiders, the way they're running right now. there is huge call activity there as well, so supply/demand. the demand is there, that's raising up that vix. coming up next on "the halftime report," a "shark tank deal that brought kevin o'leary to tears wait until you see what's about to happen. "halftime report" is back with a very special update on a "shark tank" success story. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. ♪ let out your inner child at the lexus december to remember sales event. lease the 2018 es 350 for $319 a month for 36 months. experience amazing at your lexus dealer. we are the driven... the dedicated... the overachievers. we know our best investment is in ourselves. we don't take no for an answer. we fight for what we want. even for the things that were once a given. going to college... buying a home... and not being in debt for it for the rest of our lives. but we're only as strong as our community. who inspires and pushes us to go further than we could ever go alone. sofi. get there sooner. we're back "shark tank" always a winner, but a recent episode was a real heart-warmer and tear-jerker >> it is the world's first traditional padlock with fingerprint technology, which means that not only you can open it with the ease of your fingerti fingertips you got three amazing offers and now it's your time what do you want to do >> holy smokes oh, lord jesus gosh, i love all of you, but for some reason my heart is telling me to go with mr. wonderful. >> what? >> wow wow. >> you go! >> thank you, we're going to make some money together. >> the founder and ceo of benjilock is with us live right here his lock replaces the combination with a simple fingerprint touch model. kevin invested in it it's great to have you here along of course with kevin. >> no, no, thank you i'm extremely honored. it's been a long journey. >> where did this idea come from >> well, the idea actually started three years ago. i was working my normal job and sadly i got laid off in the month of december, the same day i got laid off, my daughter was born at nighttime. i really got depressed, but going through the journey to the gym, watching the rose bowl, doing cardio, i noticed how people were using their locks at the gym so that's how it sparked to me head how come there's not just a lock that you can open with a fingerprint but also a traditional key. that way you can use it whenever you can working out or going to school or all that stuff. >> what did you see in not only the idea but the person that you were investing in? >> well, the first thing i thought is how come someone hasn't done this already and how come the lock companies don't have a patent on this brilliant technology he comes on the set of "shark tank" and everybody said the same thing do you have a patent on this or is it just pending he pulls out a patent. he wins worldwide innovation award at ces a week earlier. obvious low we went nuts on "shark tank" because you can just see that this product is a distinned patent to lock companies for a royalty deal so he had a decision, which shark to partner with to get a good royalty deal. >> you said it was a tough decision it wasn't that tough, right? >> i basically said, listen, if it comes to licensing, i'm a beast, baby. i'm your guy >> so hampton owns the rights for north america. we have a nice surprise for you today. kim kelly is the ceo of hampton products they specialize in security hardware and connected home products, electronics and more and he is here today walking onto our set with a very special surprise, robbie, for you. mr. kelly -- >> i am kim kelly, how are you >> nice to meet you. >> thank you for your trust in our partnership. >> when it comes to making locks in america, this is the company. the scale, the ability, the distribution, the manufacturing and when you saw this product, what did you think >> it was so creative, it was so well designed and it looked like it solved problems for lots of different people, but particularly what was appealing to kevin was the intellectual property, the patents that you've got on this product is really extensive and we're looking forward to helping you leverage that. >> and in fact you're looking forward so much that we have a check for you today. >> robbie -- >> from hampton. >> for -- >> this is what it's all about this is the american dream in an envelope right now, gentlemen. >> that's awesome. >> robbie, everybody at the hampton is really excited about this partnership and we're impressed by your design and so as an advance on the royalties and in recognition of this partnership, it's my pleasure to present you with this check for $100,000 [ applause ] >> the american dream right here >> i'm sure -- >> and i even brought a letter opener >> open it up, robbie. open it up. >> that's amazing. >> oh, this is -- i thought "shark tank" was going to be the tear jerker. i just can't believe it. >> i knew words were going to be hard to come by for you as you were going to get this check today. >> it shows you that innovation in america is alive. a great idea that solves a problem. >> people are also willing to make bets on good people with good ideas >> hold it up, robbie. >> what does something like that mean to you and this idea that you had? >> it's -- it's basically the american dream for me. i mean it's been a lot of hard work and for me it's more to just showcase my family that if you work hard, things can happen not only for me, even to try to get a job it was difficult, but to do this and hopefully now i can provide for my family and bring jobs too, that's the goal for me so i'm extremely happy >> well, when we saw the "shark tank" episode, and you've been working with our team for a while, you know that we believe in the fact that teamwork makes the dream work and the "shark tank" episode and kevin's investment in your dream was the missing link for us, and we're really excited we are going to make this work. >> thank you, thank you. >> judge, i'm going to cry too i can't even handle it this is the best show ever. >> that's acceptable on a day like this. gentlemen, thank you so much congratulations. >> thank you, i appreciate it. >> thank you, thank you, kevin >> what were you doing before this what was your job before this? >> i was doing marketing for a real estate company locally, but i've always been a creator. >> it's amazing. i know how difficult it is to get something to the level that you've gotten this to. >> it was a lot of hard work, i've got to tell you my wife is here on the set and she knows. you know, we have three kids it's hard, but i'm actually honored to be here. >> congratulations. >> it's a creative design with very broad patents, so we're really excited about leveraging that opportunity. >> and you had none of that specious befo experience beforehand? >> i never thought i would -- >> in terms of patenting did you do a lot of reading? >> i went through a local mentorship and figured my way out because i knew i had to find a way to provide for my kids and now i'm here. >> and you're going to. >> phenomenal. >> what do you think this is going to mean financially through the lifetime of this deal with you guys >> millions. millions this will really help robbie establish his company, realize his dream and probably provide for generations of his family. this is a very big idea. >> it's such a pleasure. >> you know what i say, robbie, what's next? >> that's right. you can't rest on your laurels now. >> i am with you. >> you've got a little cash to put in the bank. >> it's not going into bitcoin. >> seriously, congratulations. great to have you, mr. kelly, and kevin, thanks to you as well for helping bring this to us a bit of the american dream for everybody else here today. the dow is up 375 points as we speak. again, on a record-setting day where stocks blasted through 24,000 that's what the dow did earlier today. it's now at 24,310 gosh, in a week where we've heard we're in the seventh inning, according to ken griffin, stocks can go up f a while, icahn sounded cautious a bit, he's been cautious in the past, still said that he thought stocks could continue to rise given what's happening mccain signs on for the tax vote yes. stocks take another leg higher. >> it's important to remember how hard it is toin, because ths are constantly changing. so if it was just about buybacks for you and you saw the wave of buybacks cresting in late 2015, now we're in the seventh inning. then a whole new leg when we got earnings recovery from oil stopping crashing. and if it was just about that for you, then maybe they actually do meaningful tax cuts for corporations and then next year an infrastructure build ta could be a whole other leg. it's really important not to let these mental shortcuts of, what inning is it fourth >> a tax deal, if it doesn't happen, now you can't say that the market doesn't have it built in. >> also, the next narrative is going to be, will it be will sell in the news once the vote happens? >> which we've raised the issue before and as we had the conversation yesterday with professor segal, are you borrowing an even more sizable amount from 2018 -- stocks go up. >> yes do that all the time. >> as investors, do it -- >> market with discounting. >> and expectation technology might nob perform, many people are pontificating for next year. the way we close today i think will be interesting. i think the follow-through the next couple days very interesting. >> and closed on the down side, very negative. >> not closing down. >> closes on the down side, epic >> but to me what's going to be interesting, what happens tomorrow with tech micron, i don't know, down 2%. >> not participating. >> down 2% it's crazy. >> these stocks are up so big this year. >> let me ask you -- rotation. >> that the whole thing. >> you're all wound up on this thing. take a look at -- >> think he's going to turn micron referencing it every block. >> honeywell had a huge move so many stocks, huge moves pick another day where the mark's been up what it's been and haven't seen stocks like alibaba or micron participate. >> we've had days we've had up 200, 300 point and apple down and everybody says apple's everything about the s&p ip disagree. honeywell, a damn good year, up today. it's not that micron's had a great year why it's not up today. >> can't a stock go down a little -- >> i haven't sold any, obviously. my point. >> one month ago, high of multiyears for micron. one month ago. where that level is now. let's not make too big a deal. >> do you think buyers will come in to some of those tech stocks -- >> yes. >> -- they've had had the momentum at some point and regain that speed. >> absolutely. >> that power they've had? >> when we see a little rotation after people -- joe talked about pnc i believe. banks in general look at the run in the banks in the last week. give or take within the last week, the run on the banks. >> that i attribute to the fact that one by one tnays becoming yeas i'll give you that. >> not selling into strength wait for the tax bill. >> one-time only. >> no incentive to sell. >> a sell on news. >> that's the key -- >> make it quick. >> very quick. >> actually -- >> might be the best thing for the market that we haven't gotten this yet, if we're thinking that we're running in anticipation of it and maybe the real tax cut is the friends we've made along the way. >> all right jump to jackie deangelis with "futures now" crew waiting, good afternoon. crude oil negative on the session as opec is convening that meeting in vienna wti on pace to close its third straight month of gains. jeff kilburg, outlook where crude goes from here >> reporter: jackie, the momentum still on upside historic production cuts historically, never compliance in the production cuts in other words, always cheated now i think opec and non-opec members realize that job owning doing the last 18 months has moved crude oil 50% higher right now a hot moment, momentum continues to go. keep the microphone going. production cuts are on all the way through 2018. >> all right and take the flip side of the coin say it's all baked into the price already and we still could go lower from here as u.s. production is on the rise. what say you >> exactly what i believe. you barely need me mere anymore. a month saying, 60 my target on the upside i have a decision to make when it hits 59.05 like it did. turning around quickly is that good enough? yes. buy the rumor, sell the news kind of thing. beleeow 55, much more significat and gets to the high 40s. >> meantime, on the live show, rejoined by ralph akumpoora, plus former u.s. representative ron paul tells us why he sees a major pullback coming. "futures now." the "halftime report" guys are straight ahead earning there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. welcome back top of the show jused sandridge energy with carl icahn fighting its poison pill heard back from the company saying "the acquisition of ba nance sa creek is highly strategic for sandridge and believes it will create long-term value for shareholders wanted to get that in there before we bounce today do our final trades in the moments left on what is a huge day for stocks pete, stars us off dow's up 329. >> continue to love financials one slins underneath, etrade etfc, call buying not long ago higher i own it. >> steve weiss >> micron. upset pete go with micron haven't sold, looking to buy more a great story. >> you think enough cleared so to speak >> i don't know if it has or hasn't but know i feel highly confident it will be higher. not an expensive stock at all and fundamentals, price, still good, still strong. >> josh brown? >> don't tell nanyone, but shaq opening levels broke 40 quietly. a huge short position. record short position in this name and i think they could squeeze these guys ow, if they don't disappoint. >> who knows, still a holder >> i own it and bought more in the low 30s a couple weeks ago i don't think it's worth 96, where it went, because of a share scare right after the deal but i don't think it's -- it's worth 30 or 35 either. so-i'm in. >> kevin o'leary. >> kroger's. good management. >> stock's ripping >> the question mark, you saw whole foods bought by amazon, meal kits back of every store. albertson's bought plated, another "shark tank" deal. what is kroger's going to do against those threats? we don't know yet. >> joey? >> and fedex, reach at least 250. had that fedex u.p.s. date a few weeks back both could go higher give you fedex on this one. >> a remarkable day in what has been a remarkable rally for stocks was "speak, dow jones industrial average up 443 points crossing 24,000 for the first time ever earlier today and holding firmly above that that does it for us. "power lunch" begins right now we're going to pick up where scott just left off. i'm michelle caruso-cabrera. what's on the menu, mentioned, a monster rally on wall street dow hitting 24,000 for the first time ever. is 25,000 in the cards before the end of the year? one of the big at licatalysts, out of d.c. on tax reform. john mccain is in. live on capitol hill and wall street this hour amazing amazon that stock up 55% this year and just got the most bull ish call yet. the analysts who made it tells us why he thinks the bang will rack up huge double digit gains even from here and chip stocks had