successful a.i. companies in the world are american. and you can belt your bottom dollar that foreign adversaries, especially the chinese, are actively targeting that innovation. >> that was just a sliver of the conversation. we also talked about things like election security and more. that's going to do it for us here at "overtime." >> "fast money" starts now. breaking news tonight as we kick off "fast money" live from the nasdaq market site, i'm melissa lee. in just the last hour, a roller coaster of news for the bitcoin markets. the s.e.c. appearing to send a tweet just after the market closed that said it granted approval for bitcoin etfs to list on all registered national securities. the x account saying today's approveal provides investors wih efficient access to digital asset investments. but minutes later, gentzler himself tweeted that the post

was sent prematurely, saying, quote, the s.e.c. gove twitter account was compromised. the s.e.c. has not approved the listing and trading of spot bitcoin products. let's go to kate rooney with the very latest. >> hey, melissa. we did get that tweet, that x post by the s.e.c. official account, an s.e.c. spokesperson later emailing saying the s.e.c.'s account had been compromised, the unauthorized tweet regarding bitcoin etfs was not made by the s.e.c. or its staff. you mentioned gary gentzler. i just spoke to one of the issuers with anapplication out there, they said that they were in a bit of a panic mode, they said, they had not gotten any word from the s.e.c., there was some confusion around that, it had also affected bitcoin prices, you saw the price of bitcoin slump and then later spike, so -- there is risk of potential market manipulation

here. what that, you know, what the reasoning behind that tweet was and whoever did this. the other theory that i've been talking to a couple other sources who are saying that this could have -- it's also been interpreted as a mistake. they're saying, was this a tweet that was drafted and then sent too early, which we've seen on earnings. no world yet on exactly how this happened. how this apparent hack or unauthorized tweet happened, but absolutely affecting prices, and this has been a highly anticipated piece of news. the market has been waiting for it. the timing is suspicious, melissa, but big market impacts here. >> kate, thank you. keep us poapsted on what you find out. let's get to eamon javers with more on the s.e.c. hack. they have a problem on its land in terms of the use of twitter for market manipulate. this time, the target is its own account. >> yeah, they sure do, melissa. and this is not new. we've seen this with twitter accounts going back to 2020, there was an incident involving a number of high profile people's accounts being hacked.

that also was related to a crypto-currency issue, so, this happens around this crypto theme from time to time. in this case, though, i think the key word to look at in the s.e.c.'s statement to us is the word compromised. you know, kate was just discussing whether or not this was a fat finger error on the part of somebody in the s.e.c. coms department who tweeted out something by accident that had been drafted before, that's certainly a possibility, but the s.e.c. uses the word compromised in their statement, which does indicate that they believe that somebody in an unauthorized way took over that x or twitter account, however we're calling it these days. i think that's something to watch for. and because that's happened before, we can kind of trace where those come from, and generally speaking, what you're dealing with here is social engineering. a lot of times, it's just a phishing attack, where somebody gets in the log-in credentials, or a bribery attempt of somebody that does have the log-in

credentials for a high profile account. and you can imagine that there are people who fit that description inside the s.e.c., but also potentially inside twitter and/or x under elon musk's management. you've got to imagine that there are quite a number of disgruntled former x employees or twitter employees out there who would be susceptible. so, there's a lot of possibilities here, but i focus on that word compromise as an indication of what the s.e.c. is thinking, at least initially, about how this happened, melissa. >> so, there's a lot of potential sources of the hack at this point, eamon, and i think that what's interesting, too, is that this happens before an election year, so, not only can companies be manipulated, but political news can be manipulated and that can also move the markets, particularly in a hotly contested election year, and that's the bridge we're going to have to cross very soon. and this sort of just amplifies that issue. >> it's a really important point, melissa. everyone i have talked to who is an expert in this space thinks that 2024 is going to be a massive year for disinformation,

because it's a political election year, we're going to see a lot of stuff happening on social media and elsewhere. this generative a.i. boom makes that potentially more nefarious. we are also going to see, experts have told me, more nation states participating in the u.s. election in trying to move results, influence campaigns. so, not just the russians like we saw in 2016 with their influence capable, but also potentially the chinese, potentially some middle eastern ebtties, potentially the iranians, all participating in this election year this year. so, bottom line is, we begin '24, the lesson here is, be careful what you read on social media. not all of it is true. >> the other side of it, eamon, if it does come from within the s.e.c., that's a huge problem. imagine a hacker getting access to the edgar data base and filing a company filing that is a fake one. that could move the markets, as well. >> and we've seen hacks like that going back to 2015, right?

i mean, there were hacks of pr wire services, putting out fake press releases in a pump and dump scam designed to capture a quick trade on those entities. a lot of those cases, they are able to unwind who did it. it sometimes takes a year or more to figure out who did it, but people get caught doing this. and maybe that will be the case here. we have to get more from the s.e.c. on what exactly happened here, and interestingly, the s.e.c. just put in place in december new rules for publicly traded companies, which have to disclose their cyber incidents in a more timely fashion. we'll see if they disclose all the details around this in a timely fashion. >> eamon, thank you. keep us posted. >> you bet. >> eamon javers in washington for us. this is a fascinating story. when karen and i were in the green room getting ready for the show, we were looking at the approval, thinking that it was a real approval, and you had sort of a playbook for when the approval happens, because we saw the markets move on the back of

it until, of course, we found out it was a hack. >> that was your observation. it wouldn't be shocking to any of this to see this be a real piece of news -- >> we're expecting it. >> not very, you know, in the next few days, i wouldn't be surprised. so, i don't know where the word p prematurely came from, but he -- there was no decision, so it's not like there was and they just haven't released it. but -- reminds me of the guy from the global association of billionaires and millionaires who made a bid for marks and spencer via a fake press release, this one is more real, looks more real, but we see it from time to time. it is just interesting to see, all right, were you surprised by anything that traded? >> i think the biggest issue, if you think it's market manipulation, if you told me this tweet was going to come out and what bitcoin would do, i wouldn't be able to tell you, if it was going to rally or sell off. you have to come back to whether it was a compromise situation, the way eamon talked about, or a

hack. compromise is a one-off situation. you have to broaden out. if we are talking about this election year, eamon told us the nation states that want to push misinformation, to kind of push their own agendas, and the biggest takeaway to me, and i've been saying this for a year and a half or so, twitter went from being this town square, right, this crowd source kind of town square sort of situation to a single point of failure for so many different organizations who rely on this to now be their mouthpiece to whatever their constituencies are. and again, throw in all this stuff with deep fakes and, you know, the pulling back from, you know, safety protocols that are existing on this platform and the like, and we know they've scaled back this group. so, if you are an organization, if you have a political organization, a corporation, anything, and you are relying on this to talk to your stakeholders or for branding or anything like that, you are doing it wrong right now, because we've had '16, we had 2020, 2022, we had the

situations over the last few years. it's the same thing we're talking about eight years after we had an election that was coopted. >> sorry, i just -- is it -- we don't know if the compromise is from twitter or from the s.e.c., it sounds like the s.e.c., right? and not twitter, where -- compromised their pr account. >> but people have become accustomed to hearing official notices through this sort of thing and giving validation to that. >> yeah, i think we can debate if companies should or shouldn't, but companies do. and the impact that social media has in terms of dissemination of information across the board, not just necessarily twitter. i'm with you. i think now it's been taken pry vault, we have less insight into what the goings on are at that particular company, but this -- to karen's point, this sounds like a failure in terms of the credentials on the s.e.c.'s point, and i think that should raise as much concern, that is our overarching governing body and the fact we're getting information that we've essentially been waiting for for

the better part of a few months in terms of the release of this, and we've been teasing up to this point, i think, is equally concerning. so, i do think clearly, you know, the things that have gone on twitter make it easy for us to attack there. i think we should be wholistic in how we look at the situation. >> from what we know, price action was in line with resumptions, right? approval were year, you would expect some sort of reaction. it was up as high as 48,000. now we are down 5% from that peak. but i think the market, while anticipating approval, it still did move when it thought that approval was in hand. >> right. so, what we saw move, i mean, if we're going to use this as the playbook, we got the playbook for a bitcoin etf approval. >> correct. >> for a window of five minutes, but in that five minutes. bitcoin moved down a little bit -- >> 2%. >> coin base down a little bit, 1.5%. certainly not the huge moves. we were going through the things well thought would move and they weren't moving as much as you would think. >> yeah. though it did have a buy the rumor sell the news strategy.

there's been so much excitement about this, and obviously bitcoin has moved so much that you would think sell the news would make sense. >> let's bring into the conversation the founder and partner at first mark capital. rick, great to have you with us. interesting news that's happened. >> yes. >> you sort of -- you are in that world and i'm wondering, you know, what your take is? is it the fault of twitter, where would you go first? >> i think it's too early to know, but i probably go to -- it's usually people who make these mistakes, and is it the people at the s.e.c. who pressed that, a fat finger mistake, or is it someone at twitter. the s.e.c. has to go deeper on twitter, especially as that organization has been generally gutted since its gone private, and make sure the things that can effect the market, effect the political landscape, are handled properly. >> for the companies you are invested in, do they use twitter as a way of disseminating market-moving information? >> constantly. they announce earnings, material

highers, all kinds of material things on twitter, so, that's really a place of record. and, so, if you are -- if you are getting sold in m&a, which is the ultimate market-moving thing, you have to have -- you have to be locked down. so, what does that mean? and i think it's probably even taken more seriously now than when elon musk was tweeting out, i'm going private at $4.20 a share. and now it -- more seriously everyone takes it, the more important it is for us to safeguard it. >> does this make you rethink? if it is -- if twitter was the point of failure, does this make you rethink as somebody who is an investor in a lot of these companies, this is not a good wail? we have to think of something else? >> or we have to increase the accountability. so, if this -- is this a safe and trusted place where you can disseminate information, where you can manage your profile and is this the way you're going to talk to your parties of interest in your customers, your investors, your stakeholders, or does there have to be a better way that people will move off to a discord or move off to another channel where they feel like

that's a more safe, secure place. >> so, rick, i don't know if you remember this, but we met on the set of "fast money" in november of 2013, it was the week -- >> wow. >> that twitter went public. >> yes. >> the question is -- >> short decade ago. >> what is the next internet -- your hair was a little darker. >> yours, too. >> what was the next internet stock to go public, that's what we were talking about, on the set downstairs. when you think about this, let's book end this. twitter would be well below its ipo price from november of 2013 right now. as an early stage investor, what do you see in the social media space? the only company that's really been successful the last ten years, and tiktok, it has all the same concerns that we're talking about right now -- >> security, misinformation. >> maybe even more. so, again, they're now asking for, what is your unlock for your phone, and so, there's many more backdoors on tiktok than anywhere else. the problem has been the

consumer experience hasn't evolved. the things you look at, what your kids use for social media apps, it is still snap, it's still instagram, it's all those communication and messaging, that it's all on the old framework. you need -- discord has been the big winner and the emergent power in social, but probably doesn't have the consumer scale or the name or brad recognition that some of the older players have. but hopefully, this is -- this is, you know, what's the next version? the next version is more secure, more trusted, how, you know companies talk to investors in a safe and secure way, so a lot of these crises create opportunities. >> who would benefit? if people said, because of this, we understand that twitter may not be as secure as we believe, what is the alternative? >> i don't -- i mean, i don't think it's threads. some people would say it's threads. i think threads is kind of d.o.a. i think you're going to move to, hey, you have a discord server? and that discord server would have a lot more security around

who joins the server, who is the administrator of the server, who is in and around it, and that has different ways that people use iscord servers for commerce, for communication, for secure and private access, that, you know, companies could turn and say, i need to have a better one-on-one relationship with my stakeholders, with my investors, as i announce material nonpublic information. so, how do i do this? and will someone work with me to create that safe and secure place? and i think that's probably a big opportunity. so, if anyone out there is doing that, i'd love to hear from you. >> you're looking for a new investment. before we go off to talk about, you know, tech in general and investments, i'm curious, you know, you are part of the tech community, when you look at these things happening, as we enter and election cycle, the possibility of these types of events happening more and more, to potentially even more -- i mean, this was sort of a minor incident in that the damage was contained, it was caught quickly, and it was denied that it was a real tweet. there can be another

circumstance where we don't know it's fake, it happens longer and the effect is much deeper and longer lasting. >> yes. >> in many ways. and so, who -- who should be responsible? i ask that in a general point of view, because the government would want to say, we want to be responsible, the tech community wants to say, no, we can be responsible, and yet, what have we here? >> i don't think either of them can be as responsible, because the quality of generative a.i. is increasing so quickly that the quality of these deep fakes are so real, they're so good, and they can be created very easily and distributed very quickly. so, i don't think anyone could have enough fingers to put in the dam to make this happen. i think the government moves too slow, the government has about set out regulations to do that, and i think the individual platforms, as hard as they try, are still susceptible. so, there probably needs to be rules to the road and with political ramifications or financial ramifications, someone needs to do something. >> okay. we're going to have to leave it there, rick. great to have you with us.

>> okay. >> thank you for playing along with us. >> no problem. thank you. >> we're going to continue to follow this story. any news we get, we'll bring you to immediately. meantime, let's -- we'll continue our breaking news coverage right after this. ins.ber security expert will "f ast money" is back in two.

rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) in order for small businesses to thrive,

get iphone 15 pro on us. they need to be smart, efficient, savvy. making the most of every opportunity. that's why comcast business is introducing the small business bonus. for a limited time you can get up to $1000 prepaid card with qualifying internet. yup, $1000. so switch to business internet from the company with the largest fastest reliable network. give your business a head start in 2024 with this great offer. plus, ask how to get up to $1000 prepaid card with qualifying internet.

welcome back to "fast money." david ricks taking the stage at the jpmorgan health conference this hour. in fact, should be there right now. we're watching the comments, we'll bring you the headlines. shares of lilly closed the day just off record highs. the stock has been soaring on demand for its obesity drugs. investors are waiting for news on potential alzheimer's treatments. here's what ricks had to say about that earlier today. >> the thing at lilly that we're most excited about, the trail blazer three study, which will read out in a few years. this seeks to take people before they are alzheimer's, have ameloyd in their head, the risk far to and delay that diagnosis or prevent it. that's the goal of the study. we have to prove that, but that's a few years out. >> so, that and then just in the next year or so of their six basically trial readouts concern ing treating fatty liver

syndrome in obese patients and patients with type ii diabetes. so, there are a lot of different catalysts to move the stock higher here. >> yeah, but i don't know how many of them are already priced in? i mean, there's a lot of excitement around this stock, clearly. and we were just talking in the break, there just seems to be one good news story after another here. i don't know if eventually there will be one that isn't so good and it will trade off. but also, there is this other potential engine of alzheimer's, i don't know how much that's priced in. i'm long. it's hard to say on a valuation basis you got to be there, but i'm staying long. >> what does the chart say, carter? >> talk about the definition of up and to the right. but what sort of interesting day-to-day is this is basically the same price it was in september. so, this sideways action after the proceeding big move is the pause, typically, that allows you to go again. i would conquer, i'd be long

with you. >> this is like the nvidia of pharma, bonawyn. and you own nvidia. >> i do. i still do. >> you own lilly? >> i do not own lilly. and wish i had, but i can't win them all. listen, i'm in agreement with the others, though i'll say, i don't know what the incremental move higher comes from. i don't know what that catalyst is. if the roles had been reversed and essentially the alzheimer's drug had the move, i would say, okay, this obesity drug can take things to the next leg higher. how much of this is priced in? and so, i just think part of it is just order of operations and everything else probably is seen as a secondary effect after just the massive move that we've seen around these two particular stocks. >> yeah, and i guess the story for nvidia going, you know, to $1.3 trillion in market cap is growing into that valuation, something that i kind of got a little behind last year, when you're thinking about the tam. the difference here is that people are not double and triple

ordering glp-1s. they are not thinking about what this means for hypertension, for fatty liver, for sleep apnea. the list goes on and on. this is a stock, if you're thinking about $18 in earnings in 2025, maybe $25 in earnings in 2026, it could easily grow into that valuation over the next couple years. and guy has been saying this all year long, since the stock doubled in march, you just buy the stock on pull-backs. i don't have to buy it when it's breaking out. and to carter's point, it has gone sideways, much like nvidia, before it ripped 15% in a straight line over the last week. but throw in all the sorts of trials for other use cases for these drugs, okay, and then it just expands the adjustable market for it. and what are the things -- i don't want to be fat and i don't want to get crazy when i'm old. believe it or not, we are great friends, people. i want to tell -- >> we all are. >> nvidia, okay, got 15%, it got

$150 billion in market cap in the last week, because they're selling our biggest foreign adve adversary, you know, a.i. chips, okay? i think we can see this stock at a trillion dollars at some point in the next few years, based on an alzheimer's approval -- >> imbedded in that is a would you rather -- >> oh. >> if you rather lilly over nvidia. you did like nvidia the other day. >> i said from a chart perspective, a trade perspective, from, you know, a whole host of other things. i quoted carter, that was the impetus for this thing, and i did say, i see a breakout. this is a long-term -- the other one's great, it's fine. never sell your nvidia, people. but i'm just saying, at one point, nvidia is going to start to sell off and you're not going to want to buy it because it's going to get cut in half. lilly, their drugs are going to have to kill people for it to sell off. >> lilly is not popular on the street. the price target from 40 analysts is 1% higher. that's a 12-month price target.

it's haroldly a consensus view that this has got a lot of upside. the view is that it's all priced in. >> all right. there is a lot more "fast money" to come. here's what's coming up next. cinema shuffle. the studio behind blockbusters like "the hunger games" and "john wick" is making some movie moves what the new business will look like, and the deal helping them get there. plus, tim flexed his bicep, while dan rode on his zebra trade. and now carter and bonawyn are laying out their 2024 acronyms. so, grab a shovel and an adapter. they'll help you with these next picks. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this. you're right, i bet they deal with this all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now.

the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com

welcome back to "fast money." while some media companies are fighting cord cutting and other industry headwinds by consolidating their businesses, one key player is bucking the trend. lionsgate plans to create a dedicated public firm for its tv and film assets. the deal giving lionsgate studios $4.6 billion value. joining us on set, in person, to go inside t lionsgate vice chairman michael burns. >> coming home to a new set. >> you are. welcome home. tell us about this -- it seems like this sets the company up to be bought. is that the right takeaway from this? >> i think it sets the company up to show real value to the shareholders. everybody talks about the sum of the parts and yap, yap, yap, and what happens is, nobody does anything. we're actually going to show the sum of the parts by dividing the company, separating the companies, starz and lionsgate companies are more valuable.

>> well, part of the issue, i think, that investors had with the combined company is that another company might not be interested in the starz part, or vice versa, now that you are separating it, somebody can come in and take the starz and somebody can take the tv and studio assets. >> well, there's that, too. so, you have -- you have different set of buyers, potentially, or merger partners or strategic alliances with starz as you do with diff different -- the studio. the studio is, we're giving investors the chance to invest in the pure play content side of the business. so, our library's over 20,000 titles, with the one transaction. we have enormous amount of content. i was flying on american airlines here and i got the last upgraded seat and i was flipping through the movie section and it was 50 movies, and 19 of the titles on the plane were "li lionsgate. it was nice to see. >> so you thumbed through -- the

next person must have thought you were very indecisive. >> yeah, i was taking pictures, they thought i was insane. >> media companies, they have their own problems, they're burdened with debt, they have streaming platforms that are basically drags on their profitability at this point. if you think about some sort of partnership or some sort of a merger of the tv and studio assets with somebody else, who are those -- what is a landscape? >> well, i think that if you look at starz, starz, by the way, is, in my opinion, misunderstood. they're making money. they are switching over to digital. jeff and his team are doing a really good job there. you'll know more about that at our next earnings call. they're growing. their subs are growing. they're not losing, you know, billions and billions of dollars. lions gate is going to be a pure play studio. and we're in a situation where we want people to recognize what we have. the multiples on starz versus

the multiples on a pure play content business are usually very different. when we were a pure play content play, we traded at the mid to high teens on a multiple standpoint. so, it's not going to get that kind of multiple, but we believe there are very different potential partners on both sides of the business. >> i've known jeff for awhile. great operator, creative guy. let me ask you this, though. when you think about the content, you said, it's king right here, right? like, what is one of the biggest misperceptions in the sentiment shift that we've seen towards streaming, right? we saw the kind of bundling, right, of delivery mechanism and content now, we're seeing a bit of unbundling, right, because the public markets in certain instances have not really appreciated those combinations. what do you think some of the biggest misconceptions are, and why have we seen this sentiment shift? >> look, when we made a big investment, didn't work out, internationally for starz, we were just too early. it's like the entrepreneur, or, the venture capitalist that is

too early, you know what you call him? bankrupt. we're in a position where we rolled out internationally a little bit too aggressively. we pulled that back. we've gone out of the international territories, because we think by can make a lot of money domestically. on starz, particularly as they migrate to more digital. i think that the amount of money -- we're not subject to what a lot of the other legacy partners are where they have these giant infrastructures and they have to feed the beast to keep their subscribers growing. so, we're in a very different position. starz is making money. our studio, you can see, we publicly filed it, we had a form ten that we filed, we projected through '25, we talked about how much money we're going to make post-e1. this transaction is a 10.7 multiple of fiscal '25, which starts on april 1st, so, we think we're pricing the first part of this transaction well. we just finished a pipe. bunch of blue chip investors.

so, we feel when we do the rest of the transaction at the end of march, it's going to go pretty well. and if we set the mark and the floor for the studio, and then obviously when you do that, you set a mark for starz, we think one and one is going to be a lot more than two and going to prove that to the marketplace. >> so, just on the spac structure, so, you have the pipe. do you have enough cash that you need that even if you see big redemptions -- >> there are always big redemptions. >> so, you have to be -- >> if you do the math, it's a harry sloan spac. one of the original investors of draft kings earlier. only 23% of the $750 million has to stick for us to get to our number of $350 million to $400 million. i will tell you that the road show that we did was very well-received. we were oversubscribed. i suspect it's going to go well. i'm pretty confident that we're going to close that in a nice place. >> when you come back here on-set at the nasdaq market site in a year, hopefully you come back sooner, but let's say in a year, will lionsgate studio tv,

will you have a partner? are you actively shopping for one right now? >> we're not shopping. what we're doing is, we're looking at this in steps. we're looking at this as a very significant step to separating both sides of the business. we're going to have 13% to 15% of the studio trading publicly, the other 80% to 85% will be inside the parent company, obviously we're going to go towards full separation in the near future, so we have a value for both sides of the business. is this company going to be sold? i don't know. do you think that there are a lot of interesting potential partners? i can tell us our library, with $875 million of revenue, high margin business, that's attractive to a lot of places. i always laugh when some of the big streamers say, well, we're only going to make our own content and we're not going to license others, cut to "suits," which does well and we licensed four of our television series. so, our movies, our television

series are in high demand. i don't think that's stopping any time soon and there are a lot of particularly strategic opportunities for us to align with somebody that can turbocharge a lot of the studio business. >> michael, great to see you. thank you for coming by. >> nice to see all of you. >> michael burns of lionsgate. coming up, more s.e.c. headlines. we'll talk about the hack and two more trader acronyms coming your way. carter and bonawyn have their picks for 2024. going to dig into that later in the show. the big reveal, when "fast money" returns. missed a moment of "fast?" catch us any time on the go. follow the "fast money" podcast. we're back right after this. 's d . - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage, but you know what, they all felt the same about two things: they all loved their home,

and they all wanted to stay in that home. and they all wanted to stay in that home. - [announcer] if you're 62 or older and own your home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates your monthly mortgage payments and puts tax-free cash in your pocket. call the number on your screen. - why don't you call aag... and find out what a reverse mortgage can mean for you? - [announcer] call right now to receive your free no-obligation info kit. call the number on your screen.

welcome back to "fast money." stocks closing out the day mixed. the nasdaq squeezed out a small gain. third positive session in a row. the oih oil services etf dropping more than 2% today. this despite crude finishing the day 2% higher, as overseas tensions bumped prices. crude lower on the week after yesterday's losses. the fxi china large cap index hitting new 52-week lows, adding onto the losses of 2023. the fxi is down nearly 30% over the past year. and tesla dropping 2% today.

the company lowering its driving range estimates for several of its electric vehicles. this after a new u.s. testi ing regulation went into effect to make sure automakers are accurately showing real-world performance. let's get more on the s.e.c. bitcoin headlines that broke in the last hour. s.e.c. chair gary gensler saying that an earlier tweet from the agency that bitcoin etfs were approved was not correct. let's bring in dmitry alperovitch. thank you for being with us. >> thank you for having me. >> what's the national take? what are the questions you initial littly ask? >> this is a big deal. this is the first twitter hack that i can remember, and there are been so many of them, that was actually really, really smart, and that was able to move the markets by $22 billion, almost $23 billion in market cap for bitcoin. someone could have really cleaned up here. this wasn't just a prank, as we've seen in the past where

they're posting some scam or some message that is really irrelevant to the market. this was clearly designed to make some money here, and i'm sure that companies, investigative companies are tracking this right now, trying to figure out who could have benefited from it. >> but when it comes to figuring out who might have been behind this breach, this hack, where would you go first? as a security expert? >> well, i would be looking at the transactions on the block chains, and of course, the great thing about the block chain is that everything is recorded, so, even though it's anonymous and you may not know exactly who is behind it right away, every transaction is available for you, so, anyone that is placing bets on bitcoin that it would go up right before this tweet, you want to look carefully and see who is selling minutes into it is a potential, someone who is potentially tied to the fact. >> so, you're saying that you

would trace who made the most money off of this trade and therefore you'd find a person who probably funded the hack of whatever it may be, whether it be twitter or the s.e.c. itself? >> that's certainly the first lead you want to investigate. it doesn't necessarily mean that person is going to be responsible, but it's as good of a start as any. >> is this easy to do? i mean, you mentioned this is the first hack where you saw money actually being made, and we saw other instances fairly recently, within the past year, for instance, of a.i.-generated photo of the pentagon in flames, and that actually moved the s&p 500, i mean, there are various examples, here you can quantity the dollar amount, which, you know, the bitcoin market moved by, but there are other ways to move the market, as well. is this easy to do. if you are going to hire a hacker, can you do this? >> it's certainly possible. i can tell you, hacking an amount of a major organization like the s.e.c. is generally not easy. many of them will have what's

known as multifactor authentication enabled, you need a one-time code that would be generated. and one thing i'm really curious about is there's been another profile hack just on friday of a major cybersecurity company that is usually very good on security, so one of the questions i have right now is -- is this a hack of s.e.c. or their twitter account, or is this potentially a problem with the x itself, the platform, where someone may have been able to get to the backhand and reset passwords and gain access to a number of accounts? so, it could be much broader than just this one organization that was compromised here. >> so, are you trying to link the two potentially? cyber security, do work for you, and there's a back door into that company, they have a back door into yours. are you saying the hack of the

s cyber security company could have contributed to this? >> someone could have hacked x or twitter itself and gained act says to the accounts of both, so, the fact that these are happening within days of each other is really, really suspicious, and we know that in the past, people have been able to get access to twitter accounts by compromising the organization or social engineering employees within it, bribing them. it's happened before. we know that elon has fired so many people inside the company, we don't know how many people left inside their security team, so, it's quite possible it's issues on that side. >> is it your impression that twitter security is porous? >> well, it's been poor for quite some time, for many years. and i find it hard to believe that after firing more than half of the employee base it's gotten any better. >> all right, thank you so much, ghi dmitry. >> thank you so much. >> i guess i asked the question porous, meaning, you know, ways to sort of seep into it.

>> probably thought it was poor -- >> if it's porous, it's poor. >> it's porous, it's poor. that's for sure. coming up, the "fast money" trader acronyms. we are revealing the names they are placing their bets on. one is getting electrical. the other is on thhu fe ntor new real estate. that's next. "fast money" is back in two. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley.

with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. ♪ i'm gonna hold you forever... ♪ ♪ i'll be there... ♪ ♪ you don't... ♪ ♪ you don't have to worry... ♪

welcome back to "fast money." this week, we are revealing the "fast money" traders 2024 acronyms. they've been busy getting the names ready. today, we have bonawyn and carter. so, bonawyn, we'll kick it off with you. what is our acronym for 2024? >> it's digs. and so, let's start with the d, dxj. i've been bullish japan. there's been the earthquake and perhaps a little bit of movement in terms of monetary policy, so, i want the hedged version there. i also think that, listen, m&a is probably here to stay, particularly in the health care space. ibb. i want exposure there. g, gold. listen, i think it's -- it's an understatement to say truly this is be a buy their year. we expect inned a recession last year, it didn't happen. now we're expecting rate cuts, those may not happen. gold gives me comfort there and

a hedge against reinflation. and small caps. again, me trying to find a home run here, so, if there is going to be growth and continued upside, that next leg likely comes from small caps. >> all right. carter, what is your acronym? >> plug. this is what i'm plugging. p-l-u-g. two small caps. p is for peloton. l is lincoln national, 120-year-old life insurance company. both are around two to four billion market cap, so, small. unh, u, that's the 11th largest stock in the entire market at 500 plus billion. big dedicated safe health care name. and g is for gold, gld, or gold. so, p-l-u-g. a financial, a consumer discretion, a commodity, and a big health care name. two small cap, one super cap, that's unh, and one commodity, gld. >> somebody picked up peloton, because tim had the acronym bicep and the p, when guy was trying to dissect what bicep

stood for, he thought p might be pell london, but it was paypal. that's a swing for the fences it's going to be taken out? >> it's a lotto ticket. either they're just going to walk along or do nothing, or come to life. >> how old is this show? >> oh. 17 years. >> 17 years. we've been doing this acronym thing for a long time. >> not 17. >> guy is the og, he's the only one. who -- s, small caps? dude. >> i know, i thought that was -- >> oh, my goodness. >> it should be russell. >> so, mel, you said you wanted a fight before the show. you got one. >> i didn't want -- >> good job. >> change it to giddy. gold, what was i? and then another i. >> we have fun with the way you do this game all year long. >> rules are made to be broken. >> fair enough. >> which instrument are you using to reflect small caps? iwm. >> okay. >> so then it's --

>> sandy, can we get on that? digi. >> san dib, our executive producer, says he'll work on it. i'm sure it's top of his list. coming up, bio technicals. we're turning to the charts for what could be a year of m&a madness. s p ckrit master will deliver hitopis ght after this.

i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was.

i know what year it is. welcome back to "fast money." earlier this hour, we spoke about eli lilly trading near all-time highs. merck setting a record today, but is there more room to run for any of these pharma names? the chart master's three picks in health care, he says, are way better than a pair of twos in 2024. carter? >> well, we shall see, but i got three names. two are up and to the right, stay long, be long, and the third is something that's really lagged that is coming to life. but let's go one at a time. so, the first and you'll see it on the screen is regeneron. a counter trend move, which reset the stock, stay long, be long. the next is virtex. these are sort of 100 billion plus, vrtx and you almost can't see that the chart changed. again, the definition of an orderly uptrend and so much better than the health care sector. now, the third is a different

circumstance altogether. a real aggard. and you can see it here, medtronic. something that really took a hit. all the elements of a base or a bottom, and what i would characterize is a bearish to bullish guy. >> vertex is developing a nonopioid painkiller, which could be the holy grail in the opioid markets. i think everybody here likes health care to some extent? >> yes. well, some of the stocks that i've owned just had a terrible '23, after a great '22. names like america didn't do well. pfizer, of course, my pfizer -- >> yeah. >> really did terribly. i don't know if that's bottomed. bristol myers, one of them. there's a lot of value in the space. >> xlb, interesting way to play it. you look at the top three holdings. eli lilly, your unh, carter, is 10%. and johnson & johnson, america, the rest of them. and that's rallied 15% to 52-week lows to 52-week highs. that looks interesting to me, if

it goes back to the breakout level. >> yeah, just really think that 2023 has changed the dynamic in terms of how we think about health care. it's viewed as a defensive, but if we didn't see growth in 2023 from these names, i think that i don't know what you're expecting, so, it gives you actually a barbell within a sub sector. >> i mean, health care's relative performance to the s&p in 2015, coming up on a decade of struggle, and then you had all the plunging names associated with 0 semozempic, t the recovery. this third largest sector, is it going to generate alpha in 2024? and that's the bet, right? do you over or underweight a group, a theme, a sector? and at this point, my own hunch is, it's going to be a market performer, not a big outperform, but will pace the s&p. >> so far, it's been doing better than the s&p. >> particularly bad 2023.

all right, meantime, we've got some breaking news on a deal that we have been waiting for all day here. hue let packard saying it is acquiring juniper networks. that's more than 8% higher than where shares closed today. 35% above where they closed yesterday before the headlines broke. what do you make of this deal initially? >> interesting. we're seeing this, though, across the tech space in general, low growth companies looking for slightly higher growth. it's more about the end markets and that servess hmhpe. this was one of the biggest bubble stocks and to see it go out for $40. >>. it's $250 and going out for $40. >> up next, final trades. (tense music) right. work. you worked hard and it's time for a bank

that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the country . going, got you where you want to be. we're the partners for your next move. everbank. advantage, you.

time for the final trade. let's go around the horn. carter? >> lincoln national. life insurance. bombed out stock which looks to be bottom. >> karen? >> yes, all this talk about health care, one way to play it is the ibb. >> dan, i'm glad you mentioned "fast money" 17th anniversary. >> oh. >> yeah. >> 17 years. >> crazy. >> i like his digi, and i'd be a

buyer of xlv on pull-backs. >> bonawyn likes his bigi, but he calls it digs. >> so. in other news, an s.e.c. hack and run on digital gold doesn't make you want the real thing, i don't know what will. gld. >> all right, thank you for watching "fast." "mad money" with my mission is simple. to make you money. i am here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to a very special san francisco edition of mad money. i am just trying to make you some money. my job is not just to entertain but to educate. give me a call at 1-800-743- cnbc. this market is caught between a titanic battle between