tv Fast Money CNBC August 9, 2017 5:00pm-6:00pm EDT
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shares though down 20% in the three months investors want to hear more about a new loyalty program that's to come this year and the plan to simplify pricing what the ceo has to do mental gymnastics >> and the vitamin shop sells -- on top and that's the retail renaissance action thank you very much. time for "fast money." "fast money" starts right now. live from the north ameriasdaq t overlooking times square, i'm melissa lee. your traders are pete, karen, dan and guy. tonight on fast, is fire and fury your best opportunity to buy the dip in the market? a top technician says yes and he'll give you the sector he says the on sale plus, speaking of being on fire, bit coin searching the record highs and you won't believe how high mr. tom lee says how high it could go and netflix shares taking it on the chin after
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disney announced it will pull its content on the streaming service. but top netflix watchers says the market is giving you a gift. he will be here to lay out the full case for netflix and that's where we want to start with the mayhem caused yesterday to ditch netflix. the move causing shock waves, both necessary felix and disney falling along with viacom and discovery with all these stocks falling, are we witnessing a war with no winners? >> yes, you're withnessing a wa, but i think they'll be winners rich is going to talk about it, so i won't try to steal its thunder. i think netflix wins they didn't trade poorly today the growth index international. the disney relationship, they weren't with disney international. it was just u.s. they spent about $200 million give or take for disney content
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out of 7 billion they're going to spend overall so although disney is a huge headline, i think the effect is demin mus. >> they said the issue if disney is going to make a strong play and keep their content on their own delivery mechanism that that just becomes a massive competitor to netflix down the road, especially if other providers start to do the same thing, netflix who's spending $8 billion this year on original content and have negative cash flow, at some point, with that sort of competition, they may have a big problem here, so to me, i think that the winner, jim cramer said it this morning after a 9:00 he said you know, he'd rather have disney disrupt themselves than be further disrupted by these guys that have a bigger lead i thought disney didn't trade so badly today closing at the highs, opening at the lows >> that makes sense, but doesn't mean they're at the right price. they have to evolve. that's very good somebody moved their cheese, so
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now, they have to adjust and they're doing that, but that doesn't mean that disney is a buy here i don't that there's so much uncertainty. we don't know what the new mo el is going to look like. we don't know how much they retain so, to me, to try to say all right, you know, it is a great company, but to buy it here, we don't know what the effect of that is. i don't know, i think there's more fallout, but two other winners though the consumer and creators of content. not, will they be specific with great content, but the talent, the writers, their winners >> they've got a lot of outlets. are you more or less bullish on disney given the news? >> it gives me a pause i was looking today, if it got underneath 100, i figured i'd start buying again i have to trust what bob iger is doing at disney. it's not a quarter by quarter report card either this is something, this is going out to 2019. so, he's actually looking forward to what they need to do and what they need to get done and with this, they made a big
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acquisition that puts them into square in competition with everybody else in the streaming space, so i think he's making the right moves. probably a little late this is something that disney probably should have been in front of years ago but i still think i can trust bob, so under 1 is 00, i buy this stock >> he's going to pend, spend, spend to make this work. disney's multiple is not, if this is not the kind of stock that investors invest in because they expect the company to spend, spend, spend and sacrifice profits for some other time in the future >> it's been knocked on disney that they have a premium multiple they do deserve a premium multiple that's the question we have last night. back to pete's point, the fact this is now a 2019, 2020 issue, means that bob iger is sticking around that's really good for disney, that he's probably not leaving anytime soon >> i want to make a quick point. last year at this time when apple was below $100, you
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couldn't find anybody who bought into their strategy. i wasn't optimistic either here, you have a stock that's up 50, 60 bucks and people just couldn't see it. so at the end of the day, this company is not trading at a premium valuation and at some point, it can discount a lot of what they're going to the wall here and trying to fix these things he's not leaving until it's fixed. >> you're saying there should be a further rerating of the stock. >> i think trading at the lowest pe multiple it has in the last five or six years, expectations aren't high when you think about the acquisitions they've made in content over the last ten years during bob's tenure, i think this company, if they can make these structural moves, i think they're well positioned for the next ten, 15 years i can't tell you that 102 or 150 cents, i started buying today because i fully expect the stock
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will be at 95. the market would correct at 10%, b probably goes back to 90, which is where it used to be none of us know where this is going to happen. at least when you have manager like bob, have a little faith and you look at the properties they have. >> is disney creating a path for the likes of a cvs, viacom, for some of the other networks out there who may be suffering from decline? >> do they have the same kind of content that disney has? i think disney's content is where they are, so they're taking this all in and they're going to be able to sell this out and they're going to do it through the streaming platform that i think is something like i say, they're a lit late to the game this is a long-term hold i don't have many long-term things in my portfolio apple, been a couple of decades. disney, about three, four years. merck, pfizer, multiple years. as long as bob iger is there, unless there's a huge stumble, which i haven't seen yet
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i know they overpaid at espn, but that's something they're keeling with with the bundles and everything else. i think they're over that hurdle most of the way, but the issue now still remains that are they are competing and streaming the right way. >> if you look at the parks number last night, it's very good the problems disney has is a b problem with the entire space. not just disney specific although obviously espn was much ballyhooed a year ago. earnings say the same thing. getting back to what dan said, my question is this. yes, they're cheap, probably relative to themselves, disney, but they still trade at a significant multiple to the space. just wondering if that's corrects >> let's get the latest on the fox earnings call where this is hot topic right now. julia in l.a. with more. >> that's right. certainly a hot topic. the call is goongoing and so fa there's been a lot of commentary from the ceo james murdoch and chairman murdoch, but the value
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in digital, they talked about new tv bundles, saying the new packages have contributed 2 million new subscribers. on the heels of disney's big announcement, here's what james murdoch said about whether fox could always be interested in going outside the bundle, straight to consumers. >> we remain open minded about an independently priced director consumer offering as well and we're certainly mindful of what we're seeing in the marketplace and whee're mindful of how thes things are progressing for other firms out there as they experiment with packaging as well >> u now, he was also asked about the decision to move content from netflix to new fx offering that will be bundled into comcast service he's saying monolithic global exclusive deals with netflix are toubl sm he praised them as valuable for
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both consumers and fox the more commentary there on netflix. >> thank you does this prove you know, now, we've gotten a lot of media earnings, that maybe netflix doesn't have the mote it used to have it just takes a few of these guys to say these agreements are problematic and we're going to pull that content and they are king because they own the content. >> yes, but not everybody can go direct to consumer you're going to have 40 different channels or have a p pps for? i don't think that's going to happen >> why >> you're right, go ahead. >> no -- >> when you think about domino success, why is that they were first. first to take up the real estate on people's phones and netflix is there they're embedded maybe they have a less position they've had, but i think they have an -- >> i disagree. we talked about it last night when the news was coming out
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look at how many cable channels there are, actually proliferated the environment with tons of competition then ended up going to streaming services, to me, i don't know why you can't turn on whatever your smart device is, your tv, and have 100 apps >> that was in a different world when people were paying more and more for years >> they're going to pay more and more as these apps get segregateded out so, to me, it's going to be harder for the consumer if disney coming off of netflix, you used to pay 12 bucks a month and get a certain amount of disney or other content providers. now, you're going to be going to individual ones. before you know it, you're going to have ten, 15 subscriptions. consumers will do it because they think they're going to get rid of cable i don't think it's a good argument that they're going to have 15 or 20 apps >> let's bring in rich, netflix's biggest bull on the street and he's on the phone to tell us why the disney drama is not a threat to netflix.
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make the case. why couldn't disney if it had success with its streaming its own content expand and become a vibrant competitor to netflix? >> they can, but melissa what's really important is the first disney movie that hits their own service will be a movie that probably comes out in the first quarter of 2019. and be eligible to be on the new disney branded direct to consumer service, say by the end of 2019, very beginning of 2020. by the end of 2019, netflix we estimate, this is our numbers, should have about 158 million worldwide subscribers and they'll be spending well over $15 billion a year on content creation at that point, disney will have zero subscribers a good lead. >> in terms of the content, if people are going to go to where
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content is king, would you say disney has a better track record in terms of green lighting content? this content they've created, marquis brands, franchises netflix is still sort of scrappy. in the past year, we've seen more, we've seen increasing number of series canceled and their most successful series are are on season three, four, house of cards, orange is the new black. it's sort of getting to the end of this logical lifetime of a series z >> when you look at movies, i don't think there's anyone better at creating epic movies than disney. so yeah, look, if this is just a disney pixar, there will be a couple of title a year that flow to the service it will be b nine months after the movies come out in the theatres, but they'll have that content. but you know, i think that the place where i would disagree certainly is just turn on the television what disney content are you talking a bt on television that people care about.
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abc network ratings under ben scherrwood are not short of an unmitigated disaster it's sort of surprising he still has a schwab job when you look at the poor or lack of success they've had in creating ip for the television network think about what netflix has created. 13 reasons why stranger things. making of a murderer the crown. think about what's been on netflix over the last 18 months. half of the emmy award nomination for dramas were on netflix. there's no doubt from a movie creation franchise standpoint, disney is great, but people don't just subscribe to netflix for a few movies it's a broad array of content and a ton of it. disney can be a real rival to netflix. but it's going to cost them billions upon billions of dollars a year to do it. we estimate that disney's earnings, when you look at consensus for 2020, consensus
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probably has to come down by 1 to $2. per share. because they're going to have to spend billions to create this service and make it truly competitive. content wise >> so, rich, i get that you're down on disney you got a sell rating on the stock, but in terms of netflix, why are mote sz as deep as you think they are couldn't you possibly have more and more people or companies hiding their content doing what disney is attempting to do and taking their content off of netflix? >> that's a great point and absolutely true. it's why you've seen netflix move so aggressively to creating their own content. stranger things is their own content. they're not buying that from somebody else. they're making their own movies now. again, for this exact reason you can't just rely on others. that being said, iger's like yeah, we may still sell them our liucas films and marvel stuff. all this great marvel content
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keeps flowing on to netflix. heck, the movies we just talked about that flowed through 2019, netflix is still going to have the second windows on those releases for many years to come, even after disney launches its own service, so no one, even fox, which has been the most aggressive in talking about the dangers of selling content to netflix, i would argue they took their highest, most profiled show last year in the o.j. simpson, american crime story and they sold that to netflix because they were the high bidder >> i don't think disney is really about stock here. for all intents and purpose, expectations rs expectations aren't high when it relates to netflix, seems like you're on one side of this thing sounds like some zero game to me, when you think b about how much they're spending, you said in two years, they're going to spend $15 billion on content. if they do that and some of these other providers are taking
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theirs off, don't you have a threat because they don't have the track record you just mentioned. they're slowing down when you think about the competition we haven't mentioneded, amazon, apple, facebook are going to get into this thing, to me, i think netflix is the bigger problem. the one i'd be more worried about with a strong buy rating than disney with a sell which i ten bucks above. it's not too far away from where you downgraded it in late 2015 >> market's up a tremendous amount since december 18th of 2015 and disney is now down probably 10% and netflix is i think well over downed over that period of time. so, i think from that standpoint, look, disney is not going away it's still a very good company, but i think i go back to what melissa was saying before i jumped on the call disney is just overvalued. this is thot about good company bad company. the stock is overvalued and if you're looking at the type of
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investments they have to make, they're going to have to make, they waited too long to make this decision. they enabled netflix, created a monster and now, they're going to have to deal with the consequences and it's going to be expensive netflix is willing just like amazon and apple, other companies you mentioned, to opera operate at much lower contents the espn ecosystem and business have been overearning for many, many years everyone who's listening who has cable television is spending $8 a month for espn, whether they watch it or not. if that comes undone -- >> you're talking about a company that has negative free cash flow and you talked about two companies, facebook, apple, amazon, they have massive incentives here to spend you're kind of missing that one aspect here. >> well, first of all, netflix makes money in the u.s if you were a u.s. business, you be making money. they've decided to build out globally and that's why they're investing and building you think about amazon, which is forward investing in many businesses, not just video i hear your point.
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there's a risk if everybody in the world no longer wanted to sell content to netflix, that would be a risk, but even the companies that say they don't want to, continue to sell them content. i put disney and fox in that cat kai cat of nobody can can fully get off the drug drulg because everyone's afraid, everyone fears withdrawal from the netflix drug >> we introduced you as one of netflix's bigs bulls on the street and you have a close relationship with the company posted earnings calls in the past of the half of the company. and there's a perception out the there that perhaps, that is tainting your views. making you more bullish. what would you say about that? to those critics >> we stand by our independence. we've had buys, neutralings on netflix at mull principle times over the last five years i'd say look at disney we rode disney up until early
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2015 we went to a sell at 112 in december of '15 and we've stood by it since then so i think we had a great track record on the buy side for five years when we were at btig everything has a price and this is not about playing favorites to management. our one job is to make investors money and that's our goal. >> have you ever been compensated by netflix or a party affiliated with netflix? >> we are completely independent and have gotten no compensation from anybody in this environment. >> okay. >> any of the is to bes we talked about zero >> thank you >> thank you >> rich greenfield all right, talk about it dan brings up an interesting point in terms of spening that could happen an apple or facebook facebook's broadcasted a wants to spend a lot it's got a platform by the way, a lot of users just like that >> i think sometimes, when we talk media stocks, often time, we go well, there's cbs and fox
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and netflix. the reality is social media is taking a pace pees of all of that we have to look at everything, there are so many other places in the social media world that are competing. it makes this dynamic much different. >> he's missing that one aspect of amazon, apple and facebook. as far as the bull's piece he's been right and right on disney ooichl going to give him all of that trz to look at netflix here, disregard that competition >> is this good for facebook in your view u? >> i think so. i hope so. because right now, they have zero on netflix, we're in the best position but i don't think i'd buy the stock here >> coming up, too much of a good thing. starbucks getting hit on fears the giant has too many locations
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in the u.s has this once hot stock cooled off for good plus, the it is a moment of truth for two of the biggest ipos of the year we'll tell you what traders are betting on ahead of the results. plus, top wall street strategists and the man we call mr. sunshine we'll explain why he says it could mean the end of the precious met dahl al as we knowt much more straight ahead (bell ringing)
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that's why at comcast we're continuing to make4/7. our services more reliable than ever. like technology that can update itself. an advanced fiber-network infrustructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever.
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one that keeps you connected to what matters most. welcome back shares of starbucks getting hit today after bmo says oversaturation of u.s. stores is starting to weigh on sales right now, the majority have get this, four other locations within a one mile radius stock is now down 17% from its june highs >> value walgs call. 23 times forward earnings in what appears beto be a pretty mature market. as many things i get wrong, which is a lot i got starbucks right. probe going trade and make a new high it's what happened what also happened is put in a major double top i still there's a good chance this stock prints $50 half a hundred. >> i disagree.
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i think it's going bounce in this 55 range because when you look at the number, they're nat knot as bad as everybody's putting them out to be and the growth prospects their growth in china and what their goal is with 12,000 more stores in the asian market, extraordinary and it's not sached there. there's call kinds of room and food is now 21%. they have incredible margins on their food there >> there are entire cities that don't have any >> they're waiting and they love american brands. they know it >> it's not like it's a, screaming wascream ing barg b b probably fine for the long haul. >> i just think it's interesting. talking about disney again to me, this thing has traded since the mid 2015 between 50 and 64 bucks.
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i'm kind of more inclined to say meet in the middle here, probably 50, 52 bucks. it's always traded >> all right still ahead, bitcoin surging to record highs, but it turns out a lot of you guys out there still in the dark about the digital currency we'll explain. you're watching "fast money" on cnbc here's what else is coming up on fast >> let's play a l-- >> let's not but fears of a mushroom cloud could be creating a buying opportunity in a couple of days. plus -- >> snap out of it. >> that's what traders will hope will happen with shares of snap when it porerts earnings tomorrow we'll break it down when "fast money" returns
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welcome back here's what's coming up in the second half of the show. snap and blue apron rallying ahead of their earn tomorrow could they be turn ago corner? plus, stocks lower today dow closing down around 40 points rich ross sees a bigger pullback he's standing by to break down the charts but first, geo political tensions heating up as president trump took to twitter to again talk about america's nuclear arsenal in a veiled threat to north korea. not something you hear every day. kayla. >> that war of words has erupted in north korea over the last weekend and it escalated with north korea threatening to strike guam. it's the u.s. territory home to two military bases after president trump said the regime's provocations would be met with fire and fury the like of which the world has never
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seen the white house said today the president's national security team gave input on that statement but didn't draft the remarks, which have drawn close to truman. president trump this morning on twitter saying the nuclear arsenal is now stronger and more powerful than everybody before secretary mattis echo iing that saying quote, in part, combined military militaries possess the most -- capabilities on earth say iing north korea would be outmatched heather, spokesperson for the state department said that military bluster is just one part of a multifaceted approach to north korea by the administration >> we would like to see results. the pressure campaign, we see that working the international community is in agreement with the united states and many partners and
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allies i'm putting additional pressure on north korea the secretary happens to be coming back from the asean conference, where they had tremendous success it was a good week for diplomacy >> but it is there are stylistic differences between members of the cabinet who have been addressing this issue, but the administration is singing from the same hymn book thank you. >> thank you the market reaction was s&p down less than one point. >> unbelievable. >> really, at one point today, unchanged, not surprising that's been the mo for quite some time. remember back in the fall, lockheed martin went 275 to about 225 because then candidate trump was talk iing about maybee was president by then, i don't remember talking about how i'm going to get this lockheed martin deal. we talked about it on the desk buy this weakness. stock has been off to the races ever since morgan stanley just initiated
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today. i think it goes higher from here >> it's interesting that yesterday, the market was trading up by 25 bases points. jeffrey gunlock comes on, talks about how really no risk is being priced into ek quities hee and we saw the market come off then these comments from the president then we closed unchanged. this morning, to guy's point, it seems whatever's going to knock down the market is not managsomn we can see now if they're not pricing anything now, given the were of words, i think investors would be caught off sides. >> european markets had a much deeper reaction to the market had at any point yesterday or today >> if any other president were to have this kind of rhetoric, we would have seen the market down more. i don't think any other president would have had this kind of rhetoric that's not the -- the move before, so i guess we're just used to it
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i don't know, i'm very surprised. >> off the charts now with rich ross hi, rich, what are you looking at >> it's better all saul. it's good by the end of the day. if you don't know who this market is, if you tread lightly, i think we're looking at 3% down to the 100 day moving average. comes in at 21,000 i'm to give you a great way to trade this look at financials. you've outperformed the s&p by 200 basis points this range which takes us back, that's against the back crop of yields moving lower and the cur f getting flatter. just imagine if those expectations pick up crude breaks out and you're looking at an extension and more
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outperformance here's a great way to play it. the prince of bellaire here. citigroup. it's been the leader all year and probably continues to do so, but here's two kids that aren't playing so good. the regional banks this group is down on the year to date basis. watch that 200 day moving average here you are a seller relatively. here is one in particular. i love cleveland i don't love the stock here. you've got a double top in here. if we want to get technical, we can talk about a diamond top here a berrish set up a a diamond top and it resolves itself to the downside, o so it's got a lit messy here, but you want to trade globally and sell locally with your regionals. it's a cash return story
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i don't the broader market, but i like the financials within that trade >> come on over. better call soul that's pretty good topnotch okay, so you don't like the prodder markets. but you like the banks in particular what happen ifs the markets, if there's a drawdown in the markets baufz geo political. everything goes down, doesn't it will they trade better >> what are some of the other drivers that have been absent financials they benefit from volatility and volume two things that have been absent from this. so, if volatility picks up, you can make money in other ways financials can make money in com markets and if that storm picks up, so i'm not telling you you'll be immune if you have a
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broader market pullback, but look at the performance in these stocks with interest rates moving lower all year. >> so they would be more defensive in your view in a market drawdown than utilities, than the traditional defensive sector, consumer staples >> let's keep in mind underneath the surface, you're seeing the dollar collapse. you're seeing prices pick up so you can see these expectations pick up and the prospect of those interest rates could help financials and stand in the face of traditional defensives like utilities and staples and health care. >> you talk about the financials i love that space and citi and bank of america. investment banks where do you stand on that >> those are two different charts morgan stanley, the better chart. nicely l break, but we've talked about that before.
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you're still sort of puttering about the house with goldman morgan is the stronger chart and the stronger play on the breakout t t >> love rich ross. did he say the prince of bellaire >> i did catch that. >> practice ng the bathroom be before that. he's at the zenith of our chartist you had a good call. clearly, the generic stocks. we've seen some other bigger misses than the distributors as well it's hard to find brace breakouts from 18 month bases of support at the tail end of a cyclical decline like we saw in bi oirkstech, so you want to take advantage for that matter
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on this pullback >> one and only rich ross. ladies and gentlemen >> stud. >> all right still ahead, two of the biggest ipos this year, snap and blue apron, report earnings tomorrow. both tanking since they debut. plus, bitcoin captivating investors this week as it surnled to new highs, but how much do you know about the currency we'll take you the times square to find out. much more "fast money" right after this
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welcome back two of the bigs ipos seeing a bit of a relief rally today. still, it's been a rough road for these two since going public snap is down 20% lieui inlosingy $20 billion of market cap, but if you bought the stock on the first day of trading, you'd be down more than 40% meantime, blue apron is down 40% losing $350 million in that time reports before the bell tomorrow snap after the bell, so dan, walk us through the implied moves. >> start with snap here. this is interesting. this company had reported one report as a publicly traded company on may 10th. the move was 15% and moved to 21% to the downside.
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tomorrow is about 15%. that's about a $2 move in either direction, which seems about fair when you think b about it to me, these are really difficult ones to gauge out of the gate the short interest is a problem. $2 this either direction for snap, blue apron is a little tricky this is the first quarter since the ipo move is about 19%. it's about 1.10 in either direction. both have had a short squeeze today. it will be interesting to see if it will continue to squeeze in sentiment has gone in. we've seen downgrades, a lot of bad headlines, so ebit sentiment is negative here with high short interest it does set up for a squeeze situation in both. >> pete. would you rather >> i like this game. >> blue apron or smnap. >> two names that i absolutely hate >> that's fine, but what will have the bigger move to the
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outperform the other i don't want to say move to the other. may not be >> guy and i were talking about this in the break. i tend to agree with guy i think there could be a positive reaction, but if there is, that will be the high of the day. i just still think this is is a company that acceleration is going to be a problem and i think it's going lower and i still think single digits. >> i'd have to go with snap. and really, because there's, it's more, blue apron's worse. i think there's so much competition. blue apron they don't have a mode maybe the valuation is cheap here probably not snap although you know, facebook is an enormous competitor, enormous, they still have a pretty decent position >> guy >> snap. and i think look, you had the short covering rally today, stock traded 550. percentage wise, that's big. i can do that math in my head. >> for more options action, check out the full show, friday,
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5:30 bitcoin surging this week and nearly how much? three times the price of gold? three times the price of gold. tom lee says it could be the nextigafhan b se veasset. tom's always happy more more ahead. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade.
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that's why at comcast we're continuing to make4/7. our services more reliable than ever. like technology that can update itself. an advanced fiber-network infrustructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. starting today, fidelity is letting clients view their bitcoin and other currency holdings on their website.
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the simply of dollars very gold has been incredibly stable over time there's periods where it rise and falls. but it's a good rule of thumb that it's going to be. assuming what money simply would do gold and the amount of currency in circulation and bitcoin captures 5% of that alternate currency it's 25 to 50,000 a share per un unit, per coin >> right >> karen, you've been investing in bitcoin what's your rationale? >> several because i do really believe that similar to the internet stocks, taking off in the late '90s,
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that there will be winners in the space. b i believe it will be adopted and used around the world. that's what drive it is the value there. i don't know which one so i have a basket bk has done all of the trading around brian kelly. and he's done an extraordinary b b j job. i don't know which one is going to be the winner i do believe that digital currency space with worth having for me, it's a tiny investment, but i see it could go zero, could be worth multiples >> would you rather, gold orbitcoorbit. >> bitcoin is a under owned asset with potential for huge institutional sponsorship coming >> bitcoin or basket of u.s. stocks >> between now and year end, it's easily bitcoin. >> do you think bitcoin will be the best perform iing asset cla if you can call it that from now to year end? >> yes because there's capitalists. institutions have to directly buy the coin today the broker, but both the cftc
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have opened up options i think it's going to grownd a open up holdings >> final trade is up next. ♪ ♪ i'm living that yacht life, life, life ♪ ♪ top speed fifty knots life on the caribbean seas ♪ ♪ it's a champagne and models potpourri ♪ ♪ on my yacht made of cuban mahogany, ♪ ♪ gany, gany, gany, gany
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>> disney. >> pete, where you from? >> minnesota >> you know what else is from minnesota? u.s. bancorp >> see you back here tomorrow at 5:00 "mad money" starts 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 you so call me at 1-800-743-cnbc or tweet me @jimcramer. blame it on the millennials. i'm not talking about the north korean crisis.mo
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