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tv   Fast Money  CNBC  March 13, 2017 5:00pm-6:01pm EDT

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i don't know that the cbo report accelerates the process. >> especially when you have enough resistance. see if that breaks down. >> absolutely. it has been very busy. thank you as always. good luck with the storm tomorrow. we'll see everybody tomorrow of that does it for "closing bell." "fast money" begins right now. "fast money" starts now and it looks like the perfect storm could be brewing. the drama in d.c. heating up ahead of president trump's big budget speech and the fed likely to home run raise interest rates. it is dramatic. we broke out the onpera music. what will matter the most to the markets and your money? >> well, i think you stay the course. what matters most is the fed. it will continue to be the fed. it is not just one. it is a series of two years where we see five to seven.
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right now with the vix, it was down another 2.5% trading 11.35. nobody seems to care. it isser full speed ahead. i think the fed is a big deal, unless things start to break down, things being the russell below 130. the transports, below 160. there's really in my opinion, nothing stopping s&p. >> what do you think? >> i would think the fed is pretty much factored in. every meeting out is 100% chance of a like. i think the ten year, people oppose it as a wall for the market. 3% to 4%. that's where i see it being for the ten-year. i think you have a little leeway with the ten-year getting higher. you see the smash-up buys a little more time for the fed. i don't know. i'm a little nervous. having said that, this is the first time after being a bull from the election that i see the
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market sort of moving sideways to lower where i'm thinking about trimming. >> i don't see how you can have everything wits not blinking. with valuations at highs, mechanically, valuations not so good. and this out of bonds to equities, i get it. if you find the fed is getting you any sense that they are behind the curve, that probably won't happen this week. markets are starting to figure out where that could be in play. you throw in the fact we're watching oil and credit markets biflt the way, the chart for oil and the chart for high yield look exactly the same. all the people focused on oil breaking to the 200 chit bounce asked got above merging markets, bounced above today. a lot of classes in play. >> it is all about the speed, how high rates go. we know we've liked in a couple from the fed this year. i'll short bonds. i'll looking over the next six months, ten-year deals to go to
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3.5. it is a question of how fast it goes. if it goes faster than they can go. atlanta fed, 1.gdp. there's a difference between and what the bond market tells you. the gdp to start picking up. >> the important thing to keep in mind is that low interest rates have everybody abled valuations to look okay. when interest rates go up -- we'll go to the white house and listen to sean spicer. actually, secretary price. >> the health care that they receive. and the fact of the matter is that right now, current law, we have individuals with health coverage but no health care. it is incredibly to appreciate that. the care coverage numbers are going down. had if obamacare, the aca went away, the fact is there would be 20 million who would not have
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coverage. the cbo looked at a portion of the plan but not the entire plan. the entire plan includes the regulatory an rat us that we have the ability to use at health and human services, that the administration used significantly but we want to use to it make sure that patients are helped and costs are decreased. they also ignored completely the other legislative activity that's we'll be putting into place that we'll make sure we have an insurance market that actually works. we disagree strenuously with the report that was put out. we believe our plan will cover more individuals at a lower cost and give them choices that they want for the coverage they want for themselves and the family. not that the government forces them to buy. >> thank you. i want to reiterate that we haven't had a chance to read the entire report. we're seeing the same top line sum littles that you've seen. i want to talk about one of the parts that i've seen that goes beyond coverage. that deals with people are-up
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costs. one of the things we've said from the very beginning, we believe for preens have been basic tenets of conservative thought for a long time, that competition lowers cost. what the cbo just told us is that's exactly right. the numbers that i've seen in the first glance is that premiums will go down by at least 10% with this plan. so it confirms the things we've been talking about publicly. we really do think these ideas of taking market competition, putting it back into health care. getting it out of way. what it does in health care and everything else. every place elsewhere the market is allowed to function, quality goes up and costs go down. if you look for something the cbo got right, it is that the premiums will come down in cost. so with that we'll take a couple questions. >> 14 million people will end up without insurance next year. how does that help? >> the fact is, if you look at
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that, it is virtually impossible to have that number occur. we're not certain again, we haven't been able to read -- just look at the numbers. there are 8 million people, 8, 9 million people on the exchange currently. i'm not sure how they get to 14 million people uninsured if that's what they say with only 8 million on the exchange. there are individuals i guess they assume who are on medicaid who aren't paying anything who won't take the medicaid policy just because the mandate ended or something happened. it is just not believable, is what we would suggest. we'll look at the numbers and see. >> mr. secretary, without that mandate on buy coverage, would you not concede that millions of people will not have insurance under this plan? >> no. i wouldn't could nncede that at. >> no. because they'll be able to buy a coverage policy they want. they'll have the kind of choices they want.
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think about the numbers the top line, just the top line on cbo report today. it basically says that we'll be right back at pre obamacare status by about 40 million people uninsured. we believe that the plan we're putting in place will insure more individuals than currently insured. so we think cbo simply has it wrong. >> think about what tom just said. the cbo score assumes that if you are on medicaid today, that you choose to get off medicaid after the mandate goes away. does that make sense to anybody he? you're on a free plan. it doesn't get rid of the expansion. if you're on medicaid, the day the mandated goes away, you're going to voluntarily get off medicaid. please tell me if that makes sense. the cbo is saying it happens on day one which is absurd. >> do you agree with the cbo
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estimate premiums will go down 10%? they say fewer older people will be getting coverage because of the age adjusted premiums. that they will drop off the insurance marketplace. do you agree with that estimate? that fewer people will have coverage? >> no. and i would point the again apparently what they looked at was simfully bill pending before congress. it didn't look at the regulatory reform we're putting into place, at the flexibility we're going to allow the states, because that's what the states are demanding and asking for so they can care for there most vulnerable population, and it the didn't look at all the pieces of completion are also pending that we call on our friends on the other side of the aisle the help us reform the insurance market so we can provide for greater choices and competition. >> so we don't have all these questions, we have more stuff coming. why not do it all at once so we
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understand the whole package. >> it is being rolled out all at once. we're working on the regulations right now. we're narrowing the window so they can stay in markets. remember one-third of the counties, one-third of the counties, over wound,000 counties, only had one insurer offering on the and changes. five states only had one insurer. you tell me that's what the plan was. the fact those folks have no choice whatsoever. the federal government has destined them to notov one option. that's not our plan. our plan is to allow individuals the the town purchase the coverage they want for themselves and their family in a market allows them an array of choices what suits them. >> encouraging lawmakers to disregard this report? >> no.
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we will read the report. look into the report dwronld top lines and we'll have further comment tomorrow and walk the our colleagues about why we believe the entire plan that we have recommended moving forward and adopting will allow folks to purchase the coverage they sganlt put families and doctors in charge of health care and not the federal government. >> thank you. >> stay warm. >> we've been listening to health and human services sect tom price as well as omb director mulvany. a very spirited debate. the health care plan that would replace obamacare. the point of contention is that they say more americans would be covered under this new plan but the cbo in its latest finding which it just released moments ago said 24 million americans by 2026 would be uninsured compared
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to obamacare. what does this do compared to sfwhoek the hhs secretary said, it is just not believable, the report. those are very divisive words. >> when we look at, we had the affordable care act take over and there was a lot of things. it was thousands of pages long and i had flesh through and see where there was good and bad. and i think with president trump, he's said a couple of stimulations he will keep. i thought it was a great point. everyone under medicaid will still be covered under medicaid. you won't see the rug being pulled out from people who can't afford health care. so a lot of this is still in the sausage making process. the whole side of an aisle that didn't like it in 2010 and a whole side that won't like in it 2017. ultimately it will get double. ultimately these hmo stocks
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should go higher. >> we had breaking news. preet bharara is leaving his office for the last time. let's get on leslie on the ground. >> reporter: can you their cheers behind me? these the employees of the u.s. attorney's office here in the southern district of new york. they're watching preet bharara who served in this office since 2009 take what is likely to be his final step thes down here in lower manhattan. he was known for his legacy centers on several things of the most notably for mawas street. pursuing 111 insider trading cases. of those, astonishing 89% were convicted. you see hugs with employees. those who have worked for him have expressed tremendous loyalty. it is unclear how many of these employees who stay in the office
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after he leaves. it is also unclear exactly what his plans are. what he's going to do next. certainly it cultivates this sense of admiration for their boss, the will tonls stand out here at the end of the day in the cold to cheer him on. he is shaking every one's hands. looking every one in the eye and thanking them for helping him during his time in office. now, he has certainly been someone who has made an important mark during his time in the office. he pursued areas related to political corruption. he was the one who took on the madoff case. he was the one who took the times square bomber. looked at terrorism, political corruption, to ongoing investigations. both democratic, one of cuomo and the other of de blasio. you can see a very long exit out
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of office on. someone who does not want to run away and leave which is evidence by the tweet explaining to the public that he was fired. he did not choose to resign. we're hoping he will smanls questions that that as he makes his way down the steps to discuss really what happened. he talked on his employees. he will make his way down. we'll let him say goodbye to his employees, staff, prosecutors. that time before asking him some questions that exactly what transpired between november and this weekend. the events this weekend when he was let go or when he said he was let go from the office.
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giving hugs all around, shaking hands. mr. bharara? mr. bharara? exactly what -- >> the best we've ever seen. >> preet! [ cheers and applause ] >> reporter: final hugs. we see him walk into the office. back to you in the studio. >> all right. thank you very much. apparently he is taking back exit to avoid the cameras there. certainly he is one, leslie
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mentioned ris reputation as the sheriff of wall street. also known as bipartisan u.s. attorney. party lines haven't affected his targets. he's gone after bill de blasio. >> he's gone after wall street kingpins. people are anti-erdogan in turkey. this is a guy to me is really a patriot. and this is a guy who loved the job that he was doing and it was very clear, he doggedly pursued people without breaking the law. >> maybe he turns out to be a governor. he is a very popular guy. i think both sides to your point of the aisle like him and i think he ultimately runs for higher office. >> a broader picture. certainly the firing of 46 u.s. attorney who's are appoint bid your predecessor is not an unusual thing. at the same time, a lot of posts are open, a lot of posts within
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the administration. a lot of cabinet is still unconfirmed. a disputed score and we had tax reform still in the waiting. >> so what you're speaking to -- with the fed best of my recollection the way. the fed. >> a lot of question marks and it would lead one to believe. i do agree with that. you look at the market and say, it doesn't want to go down. talking about the vix. it is south of 12. in this environment, if you had quizzed me six months ago and said all these things would happen, i would say below 12. what sit going on, peel are foregoing insurance. i think it continuals to go lower and we see in it single digits. >> what will give, do you think? >> i'll go back to interest rates and look at aig. lqg, the corporate bond etf.
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boosted buybacks, financial engineering. we're not there yet. that's the key. that's what you have to watch. attorney generals being dismissed. thatment onic thatment onicly isn't great. the market buys itself a little more longevity on the upside. it is definitely worked out all of these pro growth proposals. now it has to get to that the point of the will. >> quickly, what did you do? >> this was about assessing the risks in the market. watching transports, small caps. coming up, oil soaring. the deal has the short seller andrew left on the wrong side of that trade. and some others as well. he'll be here to explain what he got wrong and why he might ultimately be correct. and moments ago, big automaticman sold all of his
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shares of valeant. ♪ oh! the things you say ♪ ♪ oh♪ ♪ ♪ ♪ you're unbelievab♪e
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♪ you're unbelievab♪e
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some shocking developments. ackman, the biggest champion, has sold out. that was about 27.2 million shares, he says at about $11 a share. you see val dlaenlt down. he had gotten into it before the big decline began. he really stuck with it saying he could fix the company. now folks i'm talking with saying clearly getting out of position out in, not looking like a vote of confidence. however, they just put out voting saying that ackman and steve won't stand for re-election, saying they still have faith in joe papa. but clearly some bad news coming in the after hours. >> all right.
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thank you very much. certainly a blow for bill ackman. maybe not a complete surprise. as he said through a statement, it takes a lot of time to manage this position on the board, for thisser position to be a smaller percentage of his portfolio just because the dollar value has gone down of. >> for this copy, you have to wait to understand, how things will take before you have any idea of what is here. and for people that have been speculating in the stock, even the last four months have killed it. >> we have to get to scott walker here. he joins us on the "fast" line. >> the point i would start with is the one you were just talking about. the fact bill made the point to me even if valeant doubled from here or tripled, which he doesn't think is out of question. that at such a small, as a 2% position, wasn't going to be enough to move the needle enough
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for pershing square. thus wasn't worth all the time he was having to put in at the point that you were just making. we spoke for about 15 minutes. talked about the reason. if there was a mistake i made in this whole thing, i should have sold. that he believed in them and he underestimated the damage and the media coverage and the faug stock price would have of the will that it almost acted like spiral. once the stock started to go down, there was little to be done. it was a snow ball effect. he didn't realize the true damage that was being done until he got on the board and could really take a look at things. and once he did that, and then he became restricted, it is almost like he was frozen in place. he wasn't able to do it. he couldn't jump off the board
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and sell his station so he put himself in position to fix business and he truly believes he did accomplish a lot getting joe papa in as the ceo. making some board changes. getting the business to focus back on writing the ship which had been put in such a bad place under mike pearson. we're talking about a stock that hit $263 a share at its high. and the block is, i think we're talking about what? $11 a share is where some of the reports are. that the stock being offered. it has been a spectacular fall, loiks f it looks like for valeant. as to where the problems really started in the first place. >> and kudos to bill ackman for
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being so open and bhonhonest ab this. it sounds like where he went wrong, i think that parts of this could apply to the other conditions. if there's one criticism that could be made about bill ackman who has been a brilliant investor over his career, it seems like some of the most recent have been emotional. and unless valeant. scott? >> i'm sorry. i thought i lost you. he believed in mike pearson and he believed in the business. this was a stock that had grown exponentially. the revenues were growing. valeant was a hedge fund. he believed in the business. here was mike pearson doing deal after deal after deal.
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no matter how much he was spending, it kept the business growing and stock prices going up. it is and interesting to me that people spend so much time talking about bill ackman and the failure of this investment. but let's not forget value act was on the board here and they would have had as much as of a view as anybody else to what was taking place there. just because bill ackman is bill ackman. he is going to take the brunt of the criticism for better or worse. he will get more glory when things go right and he's a tremendous career. he's returned over, i think his annualized returns are over 20% fees since the firm was founded. it is just more recently. herbal life has gone against him. the stock has been up. he was way long. the stock got to 263.
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he didn't sell and rode it all the way down. this is taking too much of my time. my job now even if the stock valued or tripled is my responsibility to pershing square. this is not going to move the needle enough that it makes sense for myself or my investors. >> thank you so much. the for the comments about his dissolution in his position of valea valeant. and scott had mention that had there were others. there are plenty of defenders in the stock. bill was not alone. what does it do to the sentiment of the stock if you have one of the biggest champions who had board seats saying, done. >> well, he said now you have to wait and see. i'll say this. if there was ever a time for an activist to come in, now is the time. you're talking about a 10.5 stock. south of $5 billion.
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in my world, i could see the ultimate coup would be a karl ica icahn. >> i feel like it could happen. >> if you buy 11, even bill ackman is saying it could double or triple. that's a pretty good trade. i goes back to where the trade location is. trade location is probably the most important thing. more than analysis in this particular case. >> if it could double or triple, this is optioniality. i'm skeptical that's the view. i think it trades at 7 1/2 times. and it has $8 billion this revenues in 2018 coming. there's a lot to work through. investors, a lot of people like to buy other people's problems. i'm not sure this is that problem. >> plenty of reason why.
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>> there's only one reason why people buy stocks. you think it is going higher. there could be a world of events. we all know the history that bill ackman has in the stock. at $11, it is a real hot flag flier to take a shot in a name. >> is this selling capitulation? >> it will be. >> i'll go with yes. i'm tending to buy it. >> it doesn't mean it is going higher. >> it is very tempting. still ahead, we just leader the word on valeant. you're watching "fast money." in the meantime, here's what else is coming up on "fast." >> lights it up. "fast money" is hitting the hardwood in search of stock market glory. "fast money" madness. plus, it's hard out there for a short seller.
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what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods?
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the value of capital is to create, not just wealth, but things that matter. morgan stanley here's what's coming up in the second half of the show. "fast money" madness kicks off with a battle. who will move on for the chance? head to head over which stock your best bet. you won't want to miss this heated debate. we start with valeant shares.
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it was shorting the stock when it was above $200 a share. andrew, great to have you with us. >> hi, how are you? >> what's your tea this turn of events and how does this play into the other stocks that you have identified? >> well, as you know, i didn't know about ackman selling out until coming into the studio today. i think last summer when it was in its mid 20s, i said this looks like a bankruptcy. it is what happens. it is not a surprise. the stock never became cheap mr. ackman's corrector, it just couldn't get repaired. it certainly seems. i haven't looked under the hood. if mr. ackman is selling it, he knows what's under the hood. with this type of debt, it would be bankruptcy.
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>> the thesis was that this was going to be a mini valley dlaent. are you still in that short? >> just looking at it. raising prices and taking on debt. >> tough to be a short sale. you didn't see it coming. the deal with intel is buying mobile eye. what was it like to walk in and get the news that you had just been blown out of a short like that? >> well, first let's put it in perspective. when i first discussed mobile eye, it was close to two years ago. the stock is up 30% from when i first discussed it. meanwhile, the semi conductor index is up 60%. it is not like i bought it at 220 and it is now 10. your intro said big troubles.
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it is not exactly big troubles. that being said when i woke up zmorng put my cnbc app on my phone and saw mobile eye, i thought maybe my phone was broken. i think the insiders expected it a few years ago. over the past two years, insiders have sold close the $2 billion worth of stock at an average price of 35. i don't think it was just me. and some of the analyst who's covered mobile eye looked at it as a takeover target. >> you were before that you were surprised intel would buy it. is it worth it? you make the point that an acquisition doesn't necessarily work out well for the acquirer. do you transfer that short on the idea that it won't work out and insiders have been selling and that's bad? it was a bad sign for the
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company? >> do i personally? no. does this create a bear case for intel? yes. jeffreys might have commented on it. it shows they missed the ball on artificial intelligence and mobile and this could be considered a hail mary pass, what they're paying for mobile eye. is the business large enough to swallow a potential loss? they bought mcafee years ago and wrote that down. so just because a company gets bought, yes, today it's a green day for the share holders of mobile eye. congratulations to the company that sold. does this necessarily mean intel is the winner? autonomous driving? absolutely not. if gool bought them, i would question my thesis more. >> what happens with nvidia? you covered that position. what is your position now that you see mobile eye getting taken out of this multiple?
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>> with i think now, it just shows. it is tough to gauge whether or not this is just an outlier, i think it is. i think of it as a great company. it is priced perfect. i think we have to see a few more cars turned over. for anyone who thinks the gain of autonomous driving, the business is over. completely foolish. not even close. >> tesla? >> no. i'm actually flat tesla which probably means it will go down. what happened, after i saw the news today with mobile eye, it makes you think what if tomorrow they decide to spin out their autonomous driving division? when you get confused over stock, you just get out. >> so today you covered it? >> oh, yeah. i woke up this morning and said
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that's it. it doesn't mean i won't do it in the future. >> thanks so much for coming on. always great to see you. >> a lot of trades coming out of that. >> i don't know if this is even doing the hail mary. it is clearly a growing part of the segment. i think it fits very well. >> does it have to? >> i think they're trying on substitute whatever their weakness is in pcs. >> so was it a huge short yesterday? >> intel is being bought for more defensive reasons. i equate this, a qualcomm. y is it really going to move them away from pcs?
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i think the real trade out of this is nvidia. they're big in ai. the main thing is gaming but they have data centers. can they move the needle? it is also just slight of a $60 billion company. i thought intel would take them out. >> him covering the tesla short, that's news. we did not know that until that interview. does this justify, this sort of deal? ? no no. there is never been justification. my thing about the stock i believe the holders are steadfast in their belief for the company. i don't know who the encemeteriencemetery , incremental. it is what is keeping the stock right here. once they announce it, the stock goes higher. >> i think this puts some kind
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of virgin of valuation. i'm out there tomorrow if i'm elon musk. >> i agree but why did tesla move 1%? even some of the bigger ones, they point out the strategic value in the company and it is growing many value and that has to be the reason to buy it. not automotive. why did it rally 1%? it should have been 5%. >> i don't know. the guys like me aren't going to buy it. >> i don't want to buy it to have a secondary and have it trade down 5%. >> one trader is betting $800 million that it will continue. plus the moment we've all been waiting for, guy and tim made their way for a financial face-off over of goldman sachs. ♪
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know you have a dedicated advisor and team who understand where you come from know you can craft an investment plan as strong as your values ♪ know that together, you can establish a meaningful legacy with the guidance and support of your dedicated pnc wealth management® team. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia say carl, we have a question about your brokerage fees.
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fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab.
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itbut one i think with quesa simple answer. all while reducing america's emissions. we have this need to peek over our neighbor's fence. and once we do, we see wonder waiting. every step you take, narrows the influence of narrow minds. bridges continents and brings this world one step closer. so, the question you asked me. what is the key? it's you. everything in one place, so you can travel the world better. ( ♪ ) upstate new york is a good place to pursue your dreams. at vicarious visions, i get to be creative, work with awesome people, and we get to make great games. ( ♪ ) what i like about the area, feels like everybody knows each other. and i can go to my local coffee shop and they know who i am. it's really cool. new york state is filled with bright minds like lisa's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin.
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we're just 24 hours away from the official tip-off from march madness. we decided to start a competition of our own.
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our trainers have debated 16 of the hottest stocks in the market. guy adami will make the gase which was a fast pitch of his. tim seymour on j.p. morgan and guy won the toss. we start with you. 45 seconds on the clock. why does goldman deserve the top spot? >> what a worthy opponent. this should be a final. a first round game. so that being said, it comes down to valuation for me. what do i mean? not price to earnings multiple. it comes down to price the tangible book. do the math right there. i think goldman sachs on the other hand with tangible book at 172 has the potential to be a $310 stock. that coupled with the fact we're still above the october 31st,
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2007 high means there's more beta right now. >> thank you very much. >> nice job. ultimately, you have to me the best athletes in this tournament and certainly the best coaching. so i knew guy would talk about valuation. if do i a 15-year regression, you can see this chart should be up at 110 based upon valuation. people don't give jpmorgan the benefit of doubt. they think new regime, it is all goldman's game. in credit cards and the broader part of the economy. this is a tournament where you'll have to have all facets of your game down. jpmorgan is the best in class. it has a fortress balance sheet which in the turney matters to me. you go best of breed. >> did you say tourney? >> you heard me. >> we're up here, buddy.
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>> back to "fast money." >> when guy came out and his major point basically was that goldman has more torque in it or the ability to run further, don't you think that everything is already thrown out there? pre loaded in jpmorgan to the price to tangible book? you can keep that on the side. when you look at the 2007 highs, there has to be more. >> they've given me 15%. that's a lot more than probably any other player in the tourney. >> nice. >> time to vote. time vote. who should move on? what do you say? >> it's a very close call. for me, it is the goldman sachs. the reason why, they will be able to benefit from the market. >> so close but guy has a vowel at the end of his last name. it came down to that. goldman sachs.
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>> this is an epic upset. >> goldman sachs advances to the next round. one step closer to winning the crown. and there was one moment that really sealed the deal. let's take an instant replay. at the winning move here. that was decisive. >> that's what did it. >> you had jpmorgan and described it out only touch of the smart board. >> that was going to be so critical. >> i hope you didn't benefit on that one. >> so join in on the madness by logging into twitter and vote in our poll. the winner will be announced tomorrow during show. >> no contest. still ahead, health care stocks surging 10% this year as president trump's plan takes center stage.
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he will take you behind. plus, senator schumer.
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welcome back.
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only one good number in the cbo report for the health bill. they said would it cut the deficit $337 billion. everything else was bad. 14 million losing coverage in 2018. deductibles would increase and premiums for older people would go up while premiums for younger people would go down. >> they're taking 24 million people and pushing them off their coverage. and as they do so, they're implementing the biggest transfer. we think in our history. $600 billion in terms of insurance coverage of the it is immoral. giving money to the rich at the expense of families. >> leader pelosi said a few minutes ago the only decent thing for the house republican leadership to do is to pull this bill from the floor. i would not expected that to happen. you never know when bill clinton
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and hillary clinton proposed their health bill in 1993 it never got a vote in either chamber of commerce. a big question on this bill right now. >> all right. thank you very much. what should we look for next? >> yeah. we're going to see a lot more of this. in the bigger picture, the question you have to ask, if this market rally has been built on the idea that president trump the republicans can get whatever they want passed, you might have a question here. so i would watch that rather than the health care stock. >> do you feel like it makes it more difficult to pass? ? no. but if you buy health care stocks, you'll be rewarded just like with obamacare. hey gary, what are you doing? oh hey john, i'm connecting our brains
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so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade.
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final trade time. >> jpmorgan. buy this name. >> i think you buy intel. in the long run, good deal. >> guy adami, the cheapest out of all the bank sgs citi. >> who said anything about selling it down? now -- >> he just said he prefers
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goldman sachs. >> don't even -- >> on another one maybe. >> i'll raise you. >> goldman sachs. i'm melissa lee. thank you for watching. see you back here tomorrow at 5:00. don't "fast money." meantime, don't go anywhere. "mad money" with jim cramer 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 cramerica. other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach. so call me at 1-800-743-cnbc or tweet me @jimcramer. some weeks i wish would just disappear so we can get past them without incident. this is one of those weeks.

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