tv Fast Money CNBC December 18, 2013 5:00pm-6:01pm EST
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video. >> i want the parody video. >> i know. melissa lee, what is coming up on ""fast money"?" >> we will be talking tape tore vapor, ievaping. a $1 billion business expected to be $3 become. we got the head of rj east, a cigarette business about all the fans that are possibly looming and whether or not consumers are going for it. >> in other words, the new word is vaping? >> exactly. you got it. you got it. all right. tanks, kelly. a great show. ""fast money"" starts right now. new york city's time's square, i'm melissa lee. stocks on fire the bond buying pam goes into full-on rally mode. we will tell you why wall street likes the taper and how is you should adjust your portfolio. ford not looking very tough, closing in the red. some betters are making a bet stocks make a turn around. not ben bernanke's big day, also
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guy adami. we are only playing songs you like today. >> good. >> and we have a very special surprise for him. >> whew. >> later on in the show. if you want to tune in for that. tim seymour, and the birthday boy, 50-year-old guy adami. let's go straight to our top story. >> that is after talking about it for almost a year the taper is initially here. in case you didn't get to watch fed chief ben bernanke's news conference, here's the ""fast money"" recap. >> the first rate increase according to dots chart take place near the end of 2015. i want to emphasize we will be data dependent. we can stop purchases, if the economy disappoint, we can pick them up somewhat. if the economy is stronger. i expect there will be some time passed the 6.5% before all of the other variables we are looking at will line up in a way that will give us confidence that the labor market is strong
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enough to withstand the beginning of increases in rates. >> new highs on the market, tim, this is certainty in place of uncertainty. >> yeah. i mean, you have to love this. they delivered stimulus today. th could actually see the market for unemployment go below that. this is giving people lower rates for longer and more concern about inflation, which means they are going to err on the side of stimulating the economy. this is very good when you said ultimately the transparency into the process leaves a lot of doubt. >> we have a road map at this point. the default from the fed is to reduce taper by $10,000 each time. karen, how do you view it? >> i view it like you are saying the removal of uncertainty is a positive. last week while the data came in better the economic data and the marnlg market sold off, the rumors, sell the news, i am pleased. the other thing is, though, we have often seen the fed has a little better insight into
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what's going on in the economy than we do. >> as they should. >> hopefully. we hope. >> we think. >> that data i think is very positive, that helps. >> have they been that good as forecasting? i think they have been over this all this week. they were thinking the big conundrum is they haven't stimulated growth. we are at a 2% rate here. it's not just doing what we need to do as far as the economy to go on its own two feet. >> i don't know. i think the fed does have good insight. i think they did an outstanding job, since '08, actually. >> lots of news on the back of the taper news, let's break down the trade, starting with the industrials, that was 3m up 3%. xli atacts the industrials, hitting a new high. >> we talked about when morgan stanley came out with a downgrade t. downgrade was fine. i thought the price move was way too extreme. they knocked that stock down,
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126. we talked about it when it was down there. we said it was an interesting opportunity. i still think '03 m is good. tim my talked about honeywell. big day today. these old school, you know, new york stock exchangy old industrial names did well. especially now there seems to be more collarty in the world. >> at the same time do we want to go for honeywell? now we have this uncertainty from the feds, is that the time to go for once that have been lag something. >> go for the ones under pleasure and in is bad. emerging markets, which this morning before the fed touched five-year lows if you measure the eem. you spread is that against the spy, a lot of people do. it's a level tested nine times. the emerging markets here, if you want to go for if ithe high
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octane, go for it. brazil is starting to work in some of their structural issues, play the epz. >> let's move on and talk about the banks. big moves there. morgan stanley, up 4% today. karen. >> well, you know, i have had the financial the slope didn't move today. we want to see that move. however, the economy doing better housing doing better. >> that i didn't really get fire under them until we had the taper. but i like them going into next year. i'm staying long. >> blackstone is the name we ed abo forever. i want to say it's an all time high. it's close. prudential, we said therek if r that will do well. the huge move up 3%. u.s. bank corps, people get on me say i talk too much, guess what, that's a bank at an all
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time high. it still pays a nice dividend. some have done well today. >> the vicks hitting the day down. >> vicks creeped up. people thought volatility would stay bid. there was volatility in the market. this is an s&p up almost 30 to date. we had a draw of 7.5%. it's the taper tantrum. every dip has been bought. like we said a couple times, there has been long trading, the high of the year was 22. march and april, 22, 2003 t. big side. >> it was brought down given that? >> you know what, it did today. to be honest with you, i think those are cheap portfolio hedges. >> let's touch current data as well. we want to take a look at the fx
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mark here. in particular, the canadian dollar had a big move. >> trends six months trends coming into this number, if you were along the fx-a or c, you were having a tough year. ultimately, they are having a tough year. >> these are crosses ago ens the u.s. dollar. so australia and canada, which are commodity laden commission and sensitive to dollar movements. this is a trade where i think you continue to see this despite pmi's and the industrial markets will do better. i don't think you can fight that trend here. it goes to 84-and-a-half before it find a bottom. canada which touched may 2010 levels last week stays and pushes higher closer to 109. >> let's get a market flash here. check in with don in the after hour session. >> how about ak steel ticker, aks as the company forecast current quarter profits that come in above street expectations. the street was expecting a loss of 3 center per share.
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ak steel saying it will come in with a profit. it cites a couple things. it expects better in the third quarter into lower production costs primarily as a result for lower cost force iron ore pellets. ak steel up 3 to 4% in the after marketf over to you. >> this is a big move they are up with a new high. >> 5% now. there is no reason it can't continue to go higher. i thought they were going to pause. they have for a while. us steel topped out and went sideways from a couple analysts came out. morgan stanley went positive into space. right now, given all this, you may pick one in the after hours i think ak steel is interesting. >> fed tapers and the market loves it. get used to the rally we saw. the taper is good news for stocks. we are headed into another bullish year a.k. morgan tom lee
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joins us on set. great to see you. >> great to see you. >> so rally caps are on, start the party here, tom? >> yeah, i think it's a good sign that the market was able to sort of take taper in stride. actually, we see a rally. i think the marks rally to year end. i also think it's a sign that maybe as we think about growth, there is going to be maybe the potential for corporates to start investing. i think that really adds to next year. >> so is there going to be a shift away from buy backs and dividends and investing in growth, ie capital expansion and things like that, now we have some sort of certainty in place in terms of the rate projection? >> yes, i think our team just published a global i.t. forecast and i.t. spending looks like it will grow 3% next year versus basically flat growth this year. >> for others, besides i.t., what is the underpink of your bullish.
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kudos to you, you have been aggressively bullish may more than everyone the whole year. so besides that spending, how else, what are the other factors that you rely on? >> i think the environment for next year is similar to this year. so we've got corporate profits react sell rating. maybe even hitting double digits next year. we've got a relative value argument with stocks still really cheap versus bonds. i think investors are starting to view stocks again as a legitimate asset class, quoting them into a long position. i think monetary policy still has a lot of credibility. to me, it's an environment that looks like we can be positively surprised. >> from a tax perspective, i know you have been bullish on sick lick also, i think that's where we are. financials have normalized their earnings path. i think the sick lick also probably won't show numbers on eps in the the second quarter or late first quarter. what do you put your money if
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you have your two sectors? where would you rather be? >> i this i it might be large cap tech. it's the biggest s&p weight. it's the least consensus right now. it actually has the fewest buys since '03. cyclically, it's one of the cheapest sectors if financials see low volume growth, their expend cure is tech. tech visible will improve. >> tom, good to see you. tom lee, j.p. morgan. rally reject, investors look for collarty on the china mobile deal. with etwot the trade for you. that's next. guy adami's big birthday surprise is coming up. you won't want to miss it. if you are in the tri-state area and want to hang out with a fast gang. join us tomorrow at the mall for our special program investing in the consumer. it's live at 5:00 p.m. eastern time. we will give it to you before the holiday. we are taking questions. so join us.
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the surprise. >>. >> i'm not going to tell you if you guessed it right. top trade, first stop oracle out with earnings after the bell, beating on the top and the bottom lean. joining us is derrick wood. you got a birating on this stock. what did you make not the top and bottom ones, like the licensed revenues for instance? >> pretty respectable revenues on license in line with consensus, given the struggles other legacy tech fames ibm and cisco are having certainly sticks out as a pretty good quarter. they went through the government shutdown in the quarter. asia has been turbulent. they were able to put up respectable results. >> did they poke holes in the release. one thing maybe sticks out. i don't know if you have feelings on this, operating margins maybe not as strong as the street was looking for, does
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that concern you at all? >> yeah, that's probably the one thing that sticks out on the negative. they came in at 46% t. street was looking for 47. a little lower, it looks like sales and marketing a percentage came in higher. perhaps they're investing more for growth hardware revenue is higher than expected. >> that may have weighed on the gross margin a bit t. hardware revenue grew for the first time they acquired sun. that has been a drag on investor sentiment. it's certainly nice to see that turning positive for the first time. >> derrick, thanks for joining us. appreciate it. derrick wood, susquehanna. speaking of tech, a double dose of negative news for apple. they are slammed after providing weak quarter guidance and second up the chairman of china moem mobile, reportedly says he still does not have an announcement on a deal to carry apple's phone the problem is everybody was expecting an announcement to come today, stim tim.
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>> yeah, the coin daily today pointed out they have not reached a deal with apple at the same time china mobile went out there and said they plan to increase their smartphone sales to 220 million handis sets this year. what does that mean? it mean what is i think will happen, ultimately cheaper smartphones from chinese manufacturers and samsung are the places where they can still get that push into data and that revenue surge that they need, unless they cut a deal with apple and apple is ready to meet somewhere in the middle of road, i don't know this deal gets done i still think it's a major driver for apple. i'm worried they don't need ap tell way apple needs china mobile. >> that's a good point. we had a dust-up. >> it was rough. >> i just have to bring it up. one point today the stock was down almost 3%. it felt like a lot of that buying last month, it had to do with this anticipation of this deal. to your point, i think apple needs china mobile more than they need apple right now. >> i actually thought apple
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traded well when you consider the news. i think the circuit news on the iphone casings. they apparently are responsible for about half of the iphone 5 c casings. if you look at that as a read through into the next quarter and apple. >> that is a place people would have put much of today's move. >> that also overdone from the mix from the 5 c to the 5 s. there was a lot of chatter. i put pressure on the stock. >> last top trade here, social slump, names like lincoln and twitter, despite the big rally overall. i.t. research saying linked-in has seen a deceleration in order volume. >> they made a new five-month low. the average is a technical support level. this is one the stock goes up over 100%. it was a great momentum name. i think you actually avoid them. what these guys say on the desk, the cyclical names will benefit for global growth. i think you want to be out of
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these momentum speculative high evaluation names. tesla couldn't get going. some of these 3d stocks. i avoid these altogether. >> i.t. had a note on linkedin. linkedin has held on a high level. we had a guy talking about starbucks. they had a great call. they have a huge voice right nouchl heed their warning. they were cautious here. >> coming up next, get your motors running, ford out with a big warning today. gm lower in sympathy. which name is the better bet on driving profits into your portfolio? plus, you got exactly seven days left until christmas. we are going from wall street to main street. we are live from the palisades center mall. we will have all your last minute investment plays for the holiday season. .
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. >> welcome back. again, take a look at the huge moves on the markets. new closing record highs on the dow industrials as well as the subpoena 100 up more than 1.5% a. nice strong day, 1810 is a level we clinched. >> it said give me le steps. i wish it was my birthday every day. >> it's not. it's not. >> all right. battle of the auto big wigs getting a fever pitch today a. huge move down for the ford the auto maker warning pretax profit may fall as much as 18% next year sending warranty recall. we should know the move is ending down just under 2%. karen you are in gm.
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>> i like gm better. it's hard to know. it seems to me some of what ford afounded is specific to ford. i hope that is the case. it seems something like the escape would be specific to ford. however, as they talk about competition, that's obviously a global auto thing. i am speaking with gm. i just realized recently has a big short interest. i was not aware of that. >> 10? >> 10% of shares. >> which is good, i'd much rather be at gm than ford. >> the mid-term outlook is unchanged. it's all about the product for these guys. they will refresh the f-150. this is a company geared towards better return on equity. this is why i actually think they're a better name than gm, even though i own gm. its a better name after this pullback. you want to pick your places to get in the name. i'm not sure you need to buy it tomorrow. again, their 2014 numbers will be close to what they said. these guys are ultimately in the
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same place they were a year ago. >> we want to go to mike ko. he noticed some unusual space. >> there was five times the average daily volume in general motors. speaking to the fundamental also of each. both of these two are trading nine times, ford is about four times on an enterprise value ebita basis. even if you think these profit estimates they're coming out with, that's a disappoint kind of to tim's point, one off situation, these are still cheap numbers. carter worth talking about the 150 day moving average right here. kind of harvard to buy it right there. what are options traders doing? one of the things is the february '16 call. that's a way you can spend a little money to make a bullish bet. by the way, happy birthday. it is also my wife's birthday. >> oh, very nice. >> she is turning 50.
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>> happy birthday. >> good clarification. >> exactly. >> guy adami. >> mohawk. >> did i say mohawk? i was thinking about my hair. ford, seven times normal volume today i might head to the housing trade. i thought ford was vying 50 or 60 cents ago. >> it's going. >> i think ford made an acquisition the other day. another all time high today. >> for more option. s action, 5:30 eastern time. check out our website. now, we will talk about the home builders. >> now it's just it. i already did. >> take a look at the moves here. take a look, for instance, at lennar, housing start payments, highest level since february of 2008. rising rates would kill the housing trade. guy, now you can say mohawk. >> that's what i wanted
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originally. i sort of jumped the gun, mohawk. we talked about this a while. had a huge move. that's the name we'd like for a while like mohawk and very quietly, if you look, home depot is creeping back to the all time high levels. it looked like the stock is fading. >> we talked last night in the pops and drops, these guys popped a little today. those numbers on new homes were unbelievable. they certainly reaffirm what the index told you the day before. you will get numbers tomorrow morning. ultimately, if you look where their growth lies. these guys are doing enormous volume in the south and west. you can stand this trade over the next couple days. >> i looking to come to the new year, you will see a breakout of 22 out of this range it has been in, the last few months, especially when you see this movement lennar and toll brothers had today up 5%. >> brokerage route? >> i do.
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they're better off with existing home sales that can make profits on both sides i like re/max. i own both. macro a better housing market. hold the tobacco. why the old school cigarette trade might be going up in vapors. plus a big birthday surprise for mr. guy adame. what could it possibly be or who could it be now? stay tuned. .
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. >> welcome back to fast money. we got breaking news involving retailer target. according to a dow jones report target may have been hid by theft of credit card data over the shopping weekend. they say the credit card breach may be tied to malware, where you swipe the credit card. also this credit card data breach could be extensive against sources from a report according to dow jones, keep an eye on the stock and headlines
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that come out of this. for now, back over to you. >> thank you very much. the red hot cigarette craze continues to burn him some estimates put annual electronic sales at well over a billion dollars. big tobacco companies are taking notice. they launched their own e-cig brand vuse. joining us is the president of r.j. reynolds vapor a subsidiary of reynolds american. stephanie, great to have you with us. >> great to be here t. projections are optimistic. city recently said they expect by 2015 this market should be a $3 billion market. which would imply a tripling of this market. there might be cannibalization from traditional to the vaping. >> that's a fair question. we expect there will be some level of cannibalization. the use is marketed to adult smokers. we expect to see some level of cannibalization. what is more important is our
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company's vision is about transforming tobacco and redefining tobacco enjoyment through innovation. vuse is a game changing product. we're excited and the results in colorado and how we are doing reenforces that. we got that strategy right. wee are offering a total tobacco portfolio, giving alternatives to smokers with product use. >> as that switchover happens, help us understand are e-cigarettes more profitable compared to traditional cigarettes? >> yeah. that's pretty much the plan in case with these cigarettes and smokeless products. they carry out a higher level of profitability than cigarettes. i do want to mention, ecigarettes are about 1% of the cigarette category size, so they're still a very small category. what is interesting is the category ecigarettes today, they have ilevels of awareness and trial, low levels of adoption. what use was designed to do with our smart technology was to
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drive conversion and adoption to drive this category. we are seeing that in colorado. >> let me ask you first, it's funny you are talking about vapor. you get teased about that. when you talk about smoker, do you think that esmoker is someone who is going to quit or who is that smoker? >> sure, i mean, what we see through our data is that the ecigarette smoker is an adult smoker, someone looking for an alternative, why they are locking for ecigarettes? there is a whole lot of reasons. we are not marketing our product as a cessation product. a lot of adult smokers are looking for products better fit with societal expectations. they offer no ash, no odor. no secondhand smoke. no smell, they're not offending other people. can you see there is a tremendous amount of benefits why an adult smoker would switch to a vuse. what we are seeing with our product is adult products are
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switching and we are seeing high levels of repeat volume. >> at the same time i imagine a big variable could be the potential bans. already in france they moved to restrict sales of ecigarettes. here in new york city, mayor bloomberg is pushing for a ban essentially to treat them like regular tobacco. i'm curious what is your lobbying force like? i could imagine this could be the biggest unknown for you. >> absolutely. we have major efforts under way on lobbying efforts and having a voice in dhoefs. i think it's important to understand our position on that is that ecigarettes are entirelytive than traditional cigarettes and, therefore, they shouldn't be regulated or treated the same way as traditional cigarettes. there is no tobacco in the products. they don't burn, there is no combustion. there is no cigarette smoke. no odor. there is no flame. so the products are entirely different than cigarettes and we certainly think that they should be regulated differently than
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cigarettes. we plan and do have an active voice in those conversations. >> stephanie, great to seek with you. thank you for coming on the show. thank you for this stuff. rj reynolds. we have some on set. this is what it looks like. this lights up when you puff on it. >> try. >> no, i'm not going to try. can you plug it into your computer using this thing and charge it while you are working. >> it looks nothing like a cigarette. my understanding is that is exactly what ecigarette consumers want. they don't want something that looks like a cigarette. are you trying to get crossover folks. i think this is a fantastic business. she said, this is 1% t. growth here is unbelievable. that's why the guys with the most exposure. it's a long-term play, even without ecigarettes, people are overstating the men thol risks. i think they're overstating the deregulation risks. >> the rest, you know, if you
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look at philip morris international not so good. altria up. >> they're interesting names. i'm with timoney on this. the one with the most upside is probably alo. >> the cannibal aspect is interesting. they have to have a handover in terms of the shift. >> if there is any upstart to do it and they gain market share, that i will lose the first mover. to me, it makes a lot of sense. >> big movers of the day. nuance up 2%. >> no news the tape helped with that capitulation days. it feels like it still has room on the upside. i think it trades in the mid-'teens. >> big drop. dan. >> this stock has had a bad year. down 40%, it's up 50% from the lows. they guided down for the
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quarter. er that payment systems came in less than expected. so to me the ceo is talking about growth if egypt and china, basically, this is what you need to see to get back in here. >> cbs camera up 4%. >> these guys continue to do a great job. this cash flow is very much in place t. joint venture they have will earn them money. they are always conservative. i love companies that overdeliver, under promise, overdeliver. and these guys definitely fit that bill. >> avon up 1%. tim. >> this is not a company overdelivering for a number of years. it's actually a restructuring play. it's a very fixable company. a stock i own, expect to own a couple of yearsles unless they do something different t. risks are an investigation into the company that i think is starting to turn around. these guys have enormous market share and profitability in latin america. you want the e.m. consumer, this is one way to get it.
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>> we have penguins santa. in korea, a group of penguins traded their parade entertained onlookers at an amuse. park. >> so cute. they can't help it. >> it stinks. >> it's not very attractive on the nose, they're cute. >> is that all penguins? >> unlike last night, i got into a little trouble. >> with who? >> i expressed i didn't really like cats. there is more i should have said. i'm allergic to cats. >> you said can the ruba stay up? >> i meant a, my allergic tenden tendencies. >> maybe. not just the marks, guy adami turns 50-years-old, we have a surprise after this break.
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rally t. dow jones industrial average. technology lagger, xlk, tracking technology up less than 8% with the nasdaq up still a healthy 1% underperforming the other two indices. welcome back, the top moments on cnbc, a rapid fire moment on executive edge. [ music playing ] >> the federal reserve atownsing a $10 billion taper. $5 billion each of mortgage backed securities and treasuries. >> 70% of the economy is driven by consumer spending. that's a reality to the u.s. economy. i think the consumers one month feel good, one month they feel anxious. >> tell white house is up? >> they're everywhere. they're in ice cream. they're in breakfast areas, they talk about a $3 billion dollar beverage opportunity. >> we're driving productivity on the existing asset base. making theaters already in these communities a little better.
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we find that resonates with our guests him people like it. they come more often. when they come, they spend more money. >> directed by a former employee of twitter turned by an expert, it was shot completely on two iphones. >> because everything on an iphone edits on an iphone and we just thought what an interesting idea. what a fun way to create something no one has done yet. >> karen, what did you make of the ac ipo today? movie theater business? >> yeah, i haven't really been a fan of the movie the ter business. that's been a miss, guy has been all over the lion's gate, the movie business, that has been a great pla is to be. i have missed it. >> hmm, all rightstlet move on here. music. >> i hear it. >> we have been telling you all hour we have a very special surprise for guy, who is celebrating his 50th birthday today. so i got you a very special
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present. you think i don't listen to you. >> you got the ear pack? >> oh, but i do. happy birthday, guy adame. >> this is my dream come true. can i show the folks at home? this is the wax vac, instead of x-tips, you insert this in your ear. it sucks the -- can you hear us. >> can you hear us? >> wax buildup. hello. >> i'm so excited. i will do mine at home. >> spare us. i'm grad you look it. tell us if it works. all right. wait, there's more. not too long ago, guy had mentioned he wanted to sport some fly nike air jordan 7s. so josh brown is here. >> no way. >> with your very own pair. >> no. >> oh. look at here. jv. >> that is -- >> i was just out shopping.
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you have been coveted my air jordans all year. i had to. i had to. but i got you a fairly conservative version. that es are flight 45s. they just came out ten minutes ago. your kids will think you are awesome. >> that's unbelievable. look at that. >> what do we got? 11.5. >> wow! >> nice. >> this is hot. sweet. >> sweet looking slant sled, my man. >> he can pull that off with a suit with a tuxedo. >> so versatile. >> nice, josh. >> between the wet, the ear vac and fly 7s. you can't have a better birthday. >> no. >> you officially has been pimped. >> it's a gift receipt in case i didn't get the right size. >> will that take the vertical leap from 1.5 inchs to 2 inchs? >> my max is like 38. i still have mad hops. so. >> what's up?
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>> good to see you. thank you for stopping by. >> so wait. >> no, come on. >> there is more. we saved the best for last. >> i can't believe it. unbelievable. >> guy adame. >> i have watched you grow up over the years and now here you are entering the pinnacle of your life. 50-years-old, still looking great and young and handsome. >> i mean, you are regis. you are the man. you are an absolute stud. >> no, you are the italian stallion. >> regis, that means a lot to me. thanks. for to you call in, that's fantastic. thanks, reempblth i am about to cry. >> how big are your feet? >> 11.5 is right. >> they look like giant shoes, you no ewhat i mean? >> they do. paul bunyon shoes. >> maybe you and i need to go. >> maybe i mean, that's a great idea. we will be a 2 on 2, a play like
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you and shaq are tight. maybe we'll take those guys on. >> you got it all figured out, i'm with you. >> thanks, regis. >> anyway, happy birthday, guy. you really are just starting. no kidding. i'm not kidding you. take it from a guy who was 45-years-old. >> hey, regis, before we let you go, what do you make of big move lower today, there are reports a competitor will restart their business, which will put pressure on price something. >> you know, i honest to god missed everything today because i was out shopping. i have come back. i was staggered to see the dow is up 292 points. i can't believe it. it looked like they were dying earlier this morning. >> yeah, but micron was down 5%. you are still long and strong, rege? >> no, i sold it at 23. didn't i tell you? what's wrong with you people? >> good for you. >> nicely traded.
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>> so since you've sold micron, you made a bundle of money, rege, did you buy anything new? >> for guy? >> yeah, i'm going to now. now we see the size of his feet. >> tennis stocks, maybe. thanks, rege. >> all right, thanks, i love you all. bye-bye. >> tv legend regis philbin. >> i got a wax vac, fly 7s from jb and my guy regis called in. i get to hang out with you guys. this is great fun. unbelievable. >> getting teary eyed. >> it means a lot to me. >> there isn't anything sarcastic following? >> for the, it makes me happy. thank you, guys. >> happy birthday, buddy. digital currency falling from the sky. we are breaking down the trade after this break. one more birthday treat. >> and a birthday cake for guy. happy birthday, guy. >> thank you, nance.
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. >> you tweeted. we traded. let's get to your tweets for today. which do you like better? >> goldman upgraded. conoco pulled off. so at this price level with conoco trading where it is, cop is better tan exxon. >> karen, what's up with biotechs? >> i don't have the stomach to own individual biotechs. i can't wake up with a failed tech. i think big far ma buying biotech will continue. those diversify your risks. >> dan, is them to diversify aw
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what they do really well. this is a bury to company. they are decelerating a little bit. so i don't like it here. i am playing for a move back to like 450. whole foods broke. i think this is one that's probably next on the list. >> all right. tim. lumber liquidators is down big. too imto buy? >> bring in the lumber. i don't think you can jump in after a move like this. these guys. guy was talking about it. home depot was talking about the housing space. the stock had a very good run, ultimately, this is something i want to be back in. this weakness is a place to buy. pick your spots. >> up 6%. amazing. stocks soared. price of bit coin plumed. down around 40%. 4-o. bit coin exchange platform. china posted a notice online saying it will no longer accept chinese currency, are we witnessing the bit coin bubble? at the very least we are seeing a bear market in the bit coin. karen. >> i got a question.
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i wonder, was there pencer trading prior to that bit coin posting? >> you mean did people sell all their bit coins? >> it's all anonymous. it's a joke. i don't know why we are talking about it. to me, this is like, you know, stuff is going on here. this is the third bear market in the last three months. >> it has two weeks? >> well, maybe. >> so would you ever? >> no, i don't think it's investable. i don't understand it. >> i don't know it's investable. it's clear there are many adopters. it will be very difficult i think to shake them out of this market. i think you need liquidity. one of the things brought up on our show the more regulation you get, whether it's china, the united states, i think that has to happen and that ultimately will provide some rules of the game. that will be positive for i am not involved. i agree. it's kind of absurd. i do believe there is enough people in this game. >> range, 455 to 727. trading at 565. those are big numbers.
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>> yeah, in one day. >> absolutely. they have a pal atabpal atable table. >> i am looking at you because you are nice to look at. >> oh. >> it is crunch time for christmas shopping. tomorrow on ""fast money"" we are all heading to the palisades mall. come out, visit us, plus, we got your first look tomorrow we come right back. stay tuned. .
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. >> what a day. taper rally on our hands, down the s&p clinching a new closing record high. so time now for final trade. let's go around the horn. tim seymour. >> i think you can trade longer in emerging markets. go for one of the cheapest. cheap for a reason. you can trade this. >> shout out my dad recovering today, get better big guy. actually on too. >> timken, a fame we haven't looked at a while back in. >> timeout. >> oh, hi, tim. >> guy, happy birthday. >> thanks, to everybody, thanks, to you guys.
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you know i love everybody. on this pullback thanks again to everybody. >> happy 50th. "mad money" starts right now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey i'm cramer. welcome to "mad money." welcome to camer qaa. other people want to make friends and i'm just trying to make a little mono pep my job is not just to educate you, but entertain you and call me at 800-743-cnbc. let me see, we're supposed to sell stocks like crazy. >> sell, sell, sell, sell! >> when the fed is helpful in keeping interest rates down. we were supposed to be in a
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