headlines is trump at davos, which is a mind-boggling idea. that's going to get a lot of -- >> that will last for four hours, no matter how big it is, because there will be the next trump story, and the next one. >> it's so interesting, he's going into the heart of globalism. >> i agree we look forward to covering it with our "squawk box" crew that does it for us on "closing bell." "fast money" starts right now. now. live from the nasdaq market site overlooking new york city's times square i'm melissa lee. tonight on "fast," bitcoin got whacked. but ethereum is hot. the crypto baller himself, brian kelly, will break it all down. plus the future is here. gm launching its self-driving car in one year. no steering wheel, no pedals will it send the stock into overdrive? and later, it's the facebook fallout. the stock down 5%, having its worst day since november 2016.

but the chart master says this could be your best chance to bite stock he'll explain what has him so excited. first, we start with the markets at all-time highs, the s&p having its best start to the year in more than a decade, the dow hitting a fresh record high and barreling towards 26,000 as the tax euphoria takes america by storm what's driving the markets glad you asked it's what we call the untouchables amazon and boeing only had one down day in 2018 and this following huge runs for both these names last year, starting the year at all time highs. how much further do these stocks have to run and what if anything can bring them down? guy? >> steve has been all over amazon, i'll let him talk about amazon boeing has been a monster. we've been talking about it for the last few years what do they have going for them commercial aviation, they're crushing it.

a backlog of 6,000 planes, people are ordering planes from boeing what else? the defense component of their stock as well. you lump them in with lockheed martin the problem is in my opinion, now you're starting to get a little bit ahead of yourself boeing is trading close to 30 times forward earnings, which is expensive in history terms, in terms of what they've been over the last decade or so. they've grown at 15, 16%, which is great i think boeing continues to rally into earnings, january 31st unless they pull out a miracle number, which they're capable of, i think they disappoint. you take profits ahead of earnings >> or unless they guide higher right? >> here's the deal on boeing if you think about the five-year kind of average on the company, they traded around 17 times. so they're very expensive in the five-year average, not expensive in the 12-month. two days ago, on the 9th, they talked about fourth quarter deliveries

again, the numbers these guys put out continue to be some of the best on the street i think it's one of the best in the space. one said he's stupefied with the valuation. i think it always comes back to valuation. an and% move in five days, that's enough for me >> 13% in five days, yeah, that's a year, that's a really good year if you're up 13% for me, i'm a seller or at least a put buyer here we asked at the top of the show what brings these things down. you never get hit by the bus that you can't see, right? or the bus you can see >> it sounds like you got hit by a bus. >> my point is, take some profits here the thing is straight up, whether it's boeing, whether it's amazon, or bitcoin. when markets go by a parabolic move, you want to be -- >> there are a lot of stocks out

there for this year that have started similar to the way boeing and amazon have started this year. they have just skyrocketed, gone straight out of the gate here. >> right, but if you look at -- i'm looking jcpenney, up 81% from the november lows so if you look at amazon, i think you have a runway where it can go higher. i think the chart is a lot smoother than a boeing i would sell boeing. i was long boeing forever, since the '90s i sold it and got smacked up on that price i sold it basically 150 points ago. so this thing has defied laws of probability. if you look at retail, though, i think that you have a chance where amazon is not outperforming. i think department stores are going to outperform. so if you're in amazon, it's going to be slow and steady. i think it can move higher it won't outperform. department stores in the first quarter will outperform. >> the premise is what we've seen is not just you tell short covering rally, there's an enough to sustain it for a little longer. >> we had talked about jw

nordstrom's, now it's a month, month and a half ago the stock was trading at 36 bucks. we talked about the risk/reward for nordstrom set up incredibly well to the long side. now in the after hours, at least i just saw this, nordstrom's is thinking about going private again. last time this happened, the stock had a run up and an unceremonious move to the downside we've been bullish on nordstrom's. i would be looking to take profits in nordstrom's next week >> when i said stocks were skyrocketing out of the week, i was thinking of target, which had a massive week >> there's better entry points let's take a look at a target, and something like macy's, right? this is one of those beaten-down stocks, but at least i had that range it's been trading in for the last month, now i know where my stop-out point is i've got a fundamental tailwind,

okay, tax cuts, people have more money in their pocket. what do you buy, you buy apple, something like a macy's. if you want to buy target, knock yourself out, but be careful, it had a big run. >> perceptions were awful going into the holiday season. four out of the last five years, the xrt or retail stocks did get crushed into the best part of their year because in fact we knew that they were in sec ulawyu lawy lar decline. this year they've outperformed the s&p since early november these guys were giving us their holiday sales. these things were beginning to stretch to new lows. it's a very different game what's interesting about the amazon move is -- which is about 32% after doing nothing for six months, so amazon, this is somewhat catch-up. if you think about what all these other guys are doing, amazon was priced to be the one to take all these other

companies out of business. not only are these guys running their business better but they have an e-commerce presence. that's very interesting. whether it's jc penny, target, lot of people are missing at the margins, consumer staples are going lower and lower. i don't think these guys deserve a better multiple. a news alert on apple, let's get straight to josh lipton in san francisco for the details. josh [ inaudible ]. >> apparently the audio, we have to work that out but i believe this is a headline that republicans are seeking more information from apple about the issue of throttling the system so basically, throttling down the speed of the system to make the battery lifelonger we talked about this before. now congressional leaders are getting in on the action

will this be a concern especially as apple crosses the $900 billion market cap level for the first time today >> i think you put this on a sideburner for right now apple wants to break out, and this is one of the big consumer plays here you get a breakout in apple, and you need to remember that this is coming down the pike. i don't think this is over, but it will play out over a six-month period you've got a little time here. >> it seems like congress is a little behind it, we've got the story where there's too much facetime or active time, iphone addiction. i think the stock looks like it wants to break out from these levels that would shock the most amount of people at the same time that's usually what apple does >> i think we don't really know what the impact of this story is yet, we don't know if people are holding back, they're going to upgrade the battery on the 6 and forego an upgrade to the 7 or 8, because this is an option now. even if marginally some of the

upgrade is taken out of that cycle, that could be an impact >> i think this whole refresh cycle is extended, because of some of the component issues we had with the x, with the ten -- what are we calling it >> it's called the "ten. that's what apple is calling it, they named it. >> the x, essentially fiscal q2, the quarter we're in, fiscal q3, those are quarters that i actually think apple will see a fantastic move based on expectations i think we frestretched it out i'm not worried. >> nothing derails the apple story. i called them the good looking guy in college, when he does something that's stupid, everybody thinks it's cute, as opposed to when i do something stupid, it's stupid. i'm not apple. tim is apple i'm not apple. i'm like blackberry. >> you've had that metaphor twice now. >> it worked the first time. earnings are kicking into

full gear. we'll tell you the one stock traders are betting could surge. it really is the age of ethereum the cryptocurrency is surging while bitcoin sinks. what's behind the divergence general motors with a first peek at its driverless car it could be bad news for another stock. we'll explain. much more "fast money" right after this your new brother-in-law. you like him. he's one of those guys who always smells good. his 5 o'clock shadow is always at 5 o'clock. you like him. your mom says he's done really well for himself. he has stocks and bonds your dad wants to go fishing with him. your dad doesn't even like fishing. you like your brother-in-law. but you'd like him better if you made more money than he does. don't get mad at your brother-in-law. get e*trade

you or joints. something for your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember.

ethereum soaring above the rest of the crypto carnage this week as its biggest rivals get crushed. seema mody has the details heavy. >> reporter: hi, melissa just this week it lost money as china banned all bitcoin mining. south korea is drafting a bill to ban bitcoin trading that's when bitcoin broke below $14,000. add to that a warning from u.s. treasury secretary steve mnuchin who said the u.s. is working with other countries to prevent bitcoin from being used in swiss numbered bank accounts to make sure bad people can't use the currency to do bad things. ripple, another cryptocurrency which has been on a tear recently, closed this week down 27%. while the prospect of more regulation initially hurt ethereum, it rebounded, closing up 24% it's one of the only major cryptocurrencies to end the week

in the green melissa? >> thank you so much, seema mody why is ethereum so hot ♪ age the aquarius ♪ >> take it away, bk. >> so why does any asset class get going? there's a lot of different moving parts to that ethereum has a lot of development on it. i want to point out one thing that i noticed since the first of the year. ethereum has been a big performer. what do we have here why since the first of the year do i think there's been a driver we have a software upgrade those of you who know what's going on, it's the casper net came out on january. it's the first step toward moving away from energy intensive mining we've all read the articles about bitcoin mining takes so much energy, it's a small country, there's a potential for a mining ban in china.

with the casper upgrade, ethereum will be able to move or start to move in the direction of what's called proof of stake. i don't need all those big energy intensive miners if i use proof of stake so number three, we talked about the potential mining ban as ethereum moves towards this, the value of not having to rely on miners becomes more valuable. i think that's one reason, at least a tailwind here for ethereum let's take a look at the chart, okay this is from jan 1 you have that little uptick there. that to me was that little thing that changed that made this entire run go higher >> hey, brian, question for you. first of all, there's been some concern that there's been a lot of congestion on the ethereum network, the transactions are getting bogged down, prices are going up, they need to push through this plasma technology which will increase throughput is this a fly in the ointment, will they be a victim of their own success? >> scaling for any blockchain is the biggest challenge we have out there right now.

this software upgrade, again, is a step in that right direction but the problem with all of these blockchains, they're so popular that nobody wants to go there anymore. and by that i mean, it's very difficult to scale there are some solutions coming out. one of them coming out towards the end of the month, or actually towards the end of february, is cosmos, an internet of blockchains, full disclosure, i'm an investor in that. >> cosmos was a soccer team in the '80s >> quick question, bk. if i may, gentlemen. >> sorry >> so what is your position now in ethereum versus the others? >> ethereum is one of my largest positions at this point in time. i think it's one of the top two in the fund at this point. >> because of the run or because you added to it at the beginning of the year? >> because i've added to it, yes. i'm an active trader, so i will trade around this. but for right now it's one of my large positions. >> thanks for that, bk the more you know.

shares of cbs and viacom are surging on reports they may get back together. i'm melissa lee. you're watching cnbc, first in business worldwide meantime here's what else is coming up on "fast." facebook shares are falling. but it may be time to buy. we'll explain. plus a strange market anomaly may be signang ali buy sign for one beaten-down sector. we'll tell you what, when "fast money" returns 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? the value of capital is to create, not just wealth, but things that matter. morgan stanley

but some of us make somethinge make sommuch more. dinner. mom would be proud. with blue apron, any night is a chance to see what cooking can do. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage.

everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for a free kohler night-light toilet seat with consultation... or visit kohlerwalkinbath.com for more info. cbs and viacom could be reunited, according to a report. this has long been rumored on wall street. but wait maybe not. reuters reporting moments ago that a deal could be off since

the split at the end of 2005 viacom is down 16% while cbs has soared 392%. will they or won't they or, more importantly, should they >> nice use of peaches and herb. i think they should get back together again it's been proven you need some size in negotiation with the networks ♪ reunited >> peaches and herb, so '70s viacom's valuation is 6 1/2 times trailing content is now seemingly king again. >> does viacom need cbs? >> i don't think they need cbs on valuation, you could own the stock on its own but the cbs kicker would get the stock closer than it is now. i think cbs -- >> reunited. >> do i have to play the song? ♪ reunited >> and it feels so good.

>> i say they get reunited i think it's better for viacom obviously there's some benefits to cbs viacom is trying to change this company. they've been stagnant for a while here for me, i'm a buyer of viacom. >> we call herb greenberg peaches. >> because of that >> he's a fantastic reporter >> right >> viacom. they have to get back together you saw the performance coming out of there you saw how viacom lagged. either way viacom is a buy shifting gears, general motors is revealing their next big idea in autonomous vehicles, with no driver, no pedals, and no steering wheel. is this the future our phil lebeau has all the details. hi, phil >> reporter: melissa, once we started reporting this this morning and showed people the picture of this chevy bolt that's been modified, and they hope to start manufacturing this next year. this is not for you and i to

drive. it's for the ride sharing company that general motors plans to start testing next year who else is in this race for autonomous drive vehicles? really every major automaker most of them had paired up with ride share companies or with other tech firms speaking of tech firms, people today are saying, what's waymo doing, aren't they building a car without a steering wheel yes, they've tested one for a ride share program that starts in phoenix this quarter. it's going to start with self-driving minivans. by the way, those minivans will have a steering wheel. they have yet to petition the federal government for manufacturing and using a vehicle without a steering wheel. as you take a look at shares of general motors, remember, they give financial guidance next tuesday morning at the detroit auto show. we'll be there, melissa. i'm sure there will be a few questions for them about when they expect to turn a profit when it comes to autonomous drive vehicles >> are there stop buttons in that car if something goes wrong and you've got to --

>> reporter: there's an emergency button >> is there one in the front seat, one in the back seat >> reporter: i haven't looked in the back seat. i've only seen the video of the front seat there's a very prominent one there. they realize that you've got to have a way for people, if they truly need to stop that vehicle, that they could. >> and who makes steering wheels, phil >> reporter: a number of companies. i mean, there's a whole host of suppliers. i don't think that that's going to be a huge hit look, we're not looking at this taking off right away. it's a test program at first >> all right, phil, thanks, phil lebeau in chicago. grasso >> if you want adoption of autonomous drive, you need a steering wheel >> why >> nobody wants to get in an autonomous vehicle >> i've been in one. >> did you feel a false sense of security >> as long as there's a stop button, i'm all right.

>> she's definitely not getting in the back seat with you. i don't know how i got there it was a stop button but i think it's a positive for chip companies it's a positive for gm to look at it as a tech company. tesla is a tech company. you thought that they would lead but now that gm is taking the forefront in autonomous, i don't care if it's ride share -- >> you would hope it would get some of the multiple, but so far it's not >> i mean, it's not getting it because this is -- we're talking a couple of years away before this becomes -- >> this is one year. >> but for the bottom line i love what they're doing, they're starting ride sharing, that's the future. but for their bottom line, that's not something that wall street -- >> tesla doesn't make any money either >> tesla doesn't have to make money. >> i'm just saying, you could have an autonomous car -- >> gm gets the tesla p/e >> sorry we want to go to dan faber while

we have a little more time to get some more news on viacom and cbs. david? >> reporter: hey, melissa. listen, let's see if i can help our viewers understand what's going on here. there are various things we draw lines through saas journalists shari redstone, according to people i'm close to, made it clear she would like to pursue a transaction under which viacom and cbs would get back together. but importantly, nothing has actually been done in that effort other than perhaps the sense on the part of participants in it that it might be something that takes place yet again or an effort is under way. and when i say nothing, i mean no bankers have been hired, no independent committee has been formed, no offer has been made or communicated at this point. of course it would come, as you guys know, from cbs to viacom. you would have noticed viacom

has moved up a decent amount of late and certainly it is fair i think to speculate that this is something that could come together and again, when i refer to standards, there are those of us who actually wait before the actual talks to begin before reporting something. that's not the case here, so it is our intent to try to bring that to fruition yet again i just wanted to share that with our viewers. >> it does sound like a trial balloon. david, thank you for phoning in, have a good weekend. time for the final trade tim? oh, sorry. we don't have to do the final trade yet. >> okay. let's not do that. what shall we do >> viacom and cbs. we basically missed the report >> david is one of the most responsible journalists out there. shari redstone can say what she wants but it's not like there's necessarily a story there. viacom sold down too cheap the content wasn't deemed to be worth the value. they seemed to be losing their

mojo with the kids, comedy central. but it makes sense and i think these two entities, this is not the first time this has come up in the last couple of months. >> david is doing the professional thing but stocks trade around that before you have any substantive news >> what do you do, do you fade that >> i still think you're able to buy viacom even up this much, you're able to buy viacom. where there's smoke, there's fire >> i agree, i think viacom continues to be the play, mel, 100% that does it for us here on ast. 'll be off on monday see you tuesday. "options action" is right after this

hey there, we're live at the nasdaq market site on a very foggy friday the guys are behind me getting ready for the show talk about a face slap shares of facebook are experiencing a rare down day but something suggests now is the time to buy. and one tech stock had a massive run in 2018. the options market is pointing to a big breakout when it reports earnings next week we'll give you the name. plus it's the second w