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You go out no, i dont. Various market milestones today. The nasdaq crossing 7,000 for the first time and the dow closing in on 25k for the first time although were well off the highs right now. Tax reform hopes, and a series of deals this morning seem to be helping sentiment today. This is the first time ever, by the way, that the dow has gained 5,000 points in a single year. We began the year in president 19,000 range and now were well into 24k. Its just crazy theres no other word for it nothing like bitcoin, though, by comparison, it seems tame. We have people who are going to tell you where to make more money in the sfarkt cotock markg up in a few minutes. Is utilities are the biggest loser today. We have a debate on whether the bitcoin boom could help drive utilities higher talk about some of the power usage. Thats a hot topic. Recode calls him one of tvs most important executives. What espn had john skippers resignation announced today means for that sports giant and for disney ov ....
Two weeks. Energy stocks are popping. As a result today, theyre not taking the stock market with it. Well tell you whats behind the move coming up momentarily. And bank of america ceo telling cnbc this morning, the customer looks strong in august. Tell that to some of the Grocery Stores and food distributors like supervalu, which is getting smacked today. After the bell, the ceo of allergan will explain why hes coming out with a major stand against drug price increases. Thats a cnbc exclusive with Brent Saunders coming up a little bit from now. And weve got the Company Behind the dna test that completely changed mr. Griffiths life and inspired the look the stranger in my genes. Weve been talking about the book, which came out on tuesday, and well have more about the tests themselves in jus a moment. And hes going to demo ....
Stop there. Shares of costco under pressure taking target and walmart along with it and another bad day for the grocer. Super value falling 9 after it slashed its fullyear outlook following guidance cut yesterday. What the are these stocks telling us about the consumer . Brian kell . Well, listen, this started back back in december of last year when we had automation. Mike jackson was on cnbc talking about the fact that auto sales were falling. Thats a leading indicator. Thats happened over the First Six Months and now youre starting to see it into retail. Youre starting to see it in macys and all of that. Maybe its for Rising Oil Prices, maybe not. For me to the big macro picture last friday with the jobs report one thing that wasnt so great about that. That was average hourly hours worked per week. Thats been dropping. Its dropped about 1 . That means people have 1 less ....
Market. Look who is barks guy adammy. Petey is back, too. Two of you. Were back. Different ends of the world. The answer is i dont know if youre betting on the consumer but you can bet on certain stocks. Cocacola is a name we talked about over the last couple of months talking about the potential for there to be no triple tops and now this stock is breaking out. I think it made an alltime high today. I think valuations are reasonable, so you want to call it betting on the consumer, thats fine. Id rather bet on the company. I can bet on the consumer and also the ceo and management teams and when you look at j j and masako, 52week high, not just the consumer, other areas, coke clarks General Mills another one of the names, but i think its really oppressive. People have to understand that were in a different environment and they are spending money differently than they were, and i think thats part of the whole thing with the fed and e ....
John kerry will travel to brussels on friday to express his condolences and meet with belgian and european officials. Belgium is holding a mass vigil outside the brussels stock exchange. They left flowers and lit candles for the victims of the bombing attacks. This as the country began three days of mourning. You are up to date. Fast money starts right now. Fast money does start right now. Live from the Nasdaq Market site overlooking new york citys times square im melissa lee. Our traders on the desk are tim seymour, david sieberg, Karen Finerman and brian kelly. Tonight on fast something happened in the market and its eerily are reminiscent of the moves right before the august swoon. What that is and how you can protect us and is perma bear peter schiff about to come out of hibernation . Marc faber turned bullish yesterday and could sciff follow soon . One thing you need to k ....