founder as this one. >> absolutely. maybe elon musk and tesla. >> the journal said they were contacted more than 150 current or former employees, so a deep dive there by "the wall street journal." >> we'll have much more on how to trade this stock at 5:00 on "fast. thanks for watching "power." "closing bell" starts right now. hi, everybody. welcome to the "closing bell" on this friday. i'm kelly evans at the new york stock exchange. >> i'm bill griffeth another remarkable day to close out a remarkable week. the dow up another 124 points right now. we've gone 26,500. the s&p, the nasdaq, that's the best performer so far, up 0.8% and the russell up a fraction as well right ow. >> pick your record here as we look at them in the final hour those stories of the day all come from the individual movers. look at intel surging almost 10% after its earnings last night.

up 14% on results this morning twitter a huge gainer this morning, we'll talk about its 8% pop. >> and then there's wynn, you've been hearing about that, a huge decline. around noon eastern when news broke of sexual misconduct allegations against founder and ceo steve wynn let's bring contessa brewer back in with some of the latest details on that. >> these allegations date back more than a decade and "the wall street journal" outlines a pattern of sexual misconduct by ceo steve wynn the report details sexual assault bins manicurist who was later awards a $7.5 million lawsuit and other forced sexual encounters with massage therapists and the like. other sources tell cnbc that steve wynn's behavior with employees was an open secret for decades in las vegas but they feared to speak out for fear of their jobs steve wynn said, the idea i assaulted any woman is preposterous then he goes on to blame his ex-wife, elaine wynn, for

instigating the accusations. a statement from the company also blames her for tarnishing wynn's reputation, to pressure him into revising their divorce settlement wynn owns a 12% stake in this company. when we were at wynn boston harb harbor, we heard from employees who regard him as leader and analysts who regard him as crucial to the success of this company. we called the nevada gaming control board. it's responsible for investigations, licensing and enforceme enforcement. its new chairwoman told the nevada independent, quote, we are aware of the situation we're reviewing the information. let's not forget, steve wynn was tapped by donald trump to be the finance chairman of the republican national committee, so he has some influence and importance in the political world as well. >> and for wynn shares, they're down 10% as they digest all of this contessa, thank you. contessa brewer. let's move to twitter. an 8% pop today. julia, what's going on

>> kelly, those shares up about 8%, that's more than making back the stock's 5% decline since tuesday when twitter anowed c.o.o. is leaving to become ceo of sofi. the sentiment seems to be shifting with jpmorgan reassuring investors that noto's departure is not thesis changing he thinks twitter will strengthen over the next year. on "halftime report" earlier today made the case for twitter. >> if you look at the market cap compared to facebook, it has a long way to go with integration of tools to compete against snapchat, it's a compelling platform for where it's trading i wouldn't be surprised if tencent decided to by twitter this year. >> facebook is no longer going to be so focused on news and content, which is twitter's bread and butter this is facebook reworked its

news feed to emphasize communications between users back to you. >> thank you we're not finished intel by far and away, the best do you performer today eric has the story. >> intel surging, up as much as 10% since yesterday's close. the company reported better than expected earnings yesterday after the bell along with strong guidance and a 10% dividend increase credit suisse moved the price target to $55, a big jump up from $42 the stock is at levels not seen since the dotcom bubble and positive for 2018. it's also the first time intel has crossed above its january 3rd pricing levels when two major security flaws in its chips were publicly revealed back to you guys >> eric, thank you very much let's talk about the broader market and the gdp report as well joining our "closing bell" exchange we welcome steve liesman, a rare appearance here

for us on the exchange michael farr is with us today, cnbc market analyst steve grasso from stuart frankel is here with us at post nine and rick santelli is at the cme in chicago as well. steve liesman, the headline number seemingly disappointing but it was a solid report this morning, wasn't it >> yeah. i disagree that even the headline number was disappointing in the sense there was this whole political hubbub about 3% economically, no one really cares if it's 3 or 2.9 the idea is that we're running above trend. the trend growth we think is between 1.8 and 2% we did a third quarter that was solidly above trend. and you're right, even though the headline was lower than expectations, the internals were pretty good. consumers did well, business investment did well. there's a chart that shows you where the fed and the cbo think trend is and how we've done the last three quarters which is running above it what i like is you had those two quarters above three and you didn't give it all back or revert to the mean in the fourth

quarter. and it looks pretty good, bill, because we think there's some stimulus coming from the tax cuts as well as the greater deficit spending in that bill. and that should keep us going above trend in the first quarter of the year of 2018. >> steve, what do you think when you look at the dow up 142 points on the back of the kind of week we've had? >> i think the market likes the gdp numbers. the market likes earnings. the market likes tax reform. you can't quantify what the upward momentum is going to be off the tax reform until we get there. so, too early to short the market that's what we're seeing right now. no one wants to step in front of the train as they have been. no one wants to get short. the sentiment indicators are either at highs or historic highs, so you cannot short this market and when you look at the overall picture, now we have infrastructure that's going to be bipartisan level. a couple days ago we heard it went from $1 trillion plan to $1.7 trillion plan so, what's that going to do to

gdp? tax reform, the stimulus plan means higher markets can't short it just yet. >> rick, i did the math, we're up 20 basis points, roughly, this month alone on the ten-year yield. at this pace we could hit 3% by march. >> that's true, but think about -- >> you think that's likely >> you just brought up an area i'm probably going to cover in exchange on monday because if you look at 2015, when we settle at 20 -- 2.27 or look at the 2017 levels we settled, i noticed we seemed to get this kind of january, february, march run. we made our high yield last year in march and i think that's very important. now, 2.66 on the board right now. we're vying for the highest yield close because it's currently actually 2.66 from last friday. but we could be making a new fresh high yield close going back to may 12th of 2014 that's on a closing bases, not

intraday i think rates is a big story but i also think an equally big story is how much ground so many oriole markets have covered. here we are still looking at a march 2017 comp and within a handful of basis points. yes, yields are up, but think about how much higher the dollar index was last time we were here in march of 2017 think about how much lower the stock market was, how much lower the european level of activity was. i think when you think about it that way, two things jump out at you. the distortions of central bank, which may be cleaning up a bit, still have left some of these remnants and i do think that the one area that we need to be concerned with is, should this market test and trade above 3% any time in the first half of 2018 that, i think, would not be something other markets would like because it would raise the stakes >> rick, don't we get a refunding announcement next wednesday from the treasury? aren't they going to tell us

they need to borrow $1 trillion this year? >> yes, much more. >> are your friends behind you, are they going to be calm when they hear that number or is that the thing next wednesday that could potentially say, wait a second, we kind of knew this was coming but when when we see the demands from the treasury and we see it on paper, that's what gets them excited or concerned about the level deficit spending that's coming and the need to finance it. >> the guys behind me know that like the back of their hand. now, that's not to say that the market can't chew its tobacco twice and have another move based on the fact that that's already known. and a good chunk of that issuance is going to be t-bills. they do look at bills differently and you need to consider the bill aspect in line with three fed hikes it's going to create a bit of demand there's going be a channel of buyers that will like those short-term rates on bill issuance the coupon side is half the amount you mentioned i think the market can digest

that as a matter of fact, the market is hungry for some paper >> all right michael farr, one contributor to needing to raise that much is that ubs, which put out this estimate, thinks the deficit this year could be in the $700 billion range. what do you think the effect of all this is? maybe that helps explain the recent weakness in the dollar? >> maybe i think so there are a lot of explanations probably for the recent weakness in the dollar. i'm not sure that any of them you can point to as being the reason while everything that we're hearing is really fairly strongly bullish, i think from gdp to the upcoming refinancing and the other messages on the tax bill, you know, the one thing that was terrific today, the president gave a hell of a speech this morning. i mean, he was -- i thought it was terrific i thought it was presidential. you know, america first, america is not alone and america is open for business it was a terrific message to the world economic community i think markets continue to like that but as markets are making new all-time highs, i think you

still have to be cautious. i still think you have to own a good balance sheet markets don't go up forever. while they do, own really good stuff and stay close to your chair because that music stops sooner or later. you can't get carried away, is my point. >> it is concerning, to michael's point, that this is the second longest streak we've had above the 200th day moving average. if you try to thread that needle for people trying to pick the bottom, pick the tops, it's impossible to do because the last time we were above the 200-day, we only dipped below for about 41 days. so, you didn't get a chance to really sell the top, buy the bottom so, if you want to stay long in the market, the note is, stay long in the market, period >> but last year was the first year since 1927 where all 12 months of the year were actually positive 1928 was a pretty good year, too, but 1929, not so much. >> the last time we had a corporate tax rate of 21%, 1940. so there's no analyst on the

street that can quantify what this looks like as far as a tailwind. >> i'm not one of them, but i read. >> hey, bill - >> thanks, guys. yes, steve. >> you know, i haven't done the exchange a lot, but is it clear to everybody that what is grasso have going there, a mustache and beard or mustache -- >> it's a little bit of both. >> he does this periodically >> can we clarify? >> i shaved this morning. >> i'm not sure you should make any follicle statements going on this hair. >> and away we go. thanks, guys >> and he wonders why he doesn't come on the exchange more often. 48 minutes left in the trading session here the dow now setting highs for the session. here we go we'll see what we do as we go into the close most days we've strengthened into the close >> unlike the last couple of sessions, today it's broadbased, even the transports

participating. a there's a lot more on the "closing bell." >> announcer: straight ahead a different but important read on the great american consumer see what sales of recreational vehicles are saying about the economy. plus, where former baseball star alex rodriguez is putting his money, including some big-name stocks and a worldwide exclusive. >> amazon's alexa lost her voice this morning. >> she lost her voice? how is that possible >> amazon releasing its super bowl ad right here on the "closing bell. ing you always pay

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ing. there it goes again. up 160 points a moment ago on the dow, setting highs for the session. all-him ties thing for the s&p, the nasdaq, i think that's an all-time shy hih now. >> 1% gain, yes. >> and russell doing as well. >> starbucks is one of the worst performers in the s&p after missing wall street's revenue estimates and warning its full year's sales growth will be at the low end of the previous forecast the stock down 4.23%.

>> phil lebeau has the latest for us. >> i think some people might be surprised by this vote it was a unanimous vote. 4-0, the international trade commission ruling that these sales of these c-series aircraft built by bombardier up in canada we were there a couple months ago. that are proposed to be sold to delta. this is the type of aircraft here obviously, that's a different version. according to the itc, 4-0, there is no proof it would harm boeing bombardier releasing a statement following this ruling, this victory overly boeing saying, we look forward to delivering the c-series to the u.s. market so u.s. airlines and u.s. flying public can enjoy the many benefits of this remarkable aircraft boeing is not happy. in fact, it released a statement saying, we will not stand by as bombardier's illegal business practices continue to harm american workers and the

aerospace industry they support. as for shares of delta, now, this is a company that's not expected to take delivery of these planes until later this year, and they were going to put those on hold and wait until new ones were built at a proposed bombardier airbus plant in alabama, but now they will likely be able to take delivery of these planes later this year. guy, i know it sounds strange, but this is not completely over yet. this is not as if the idea of this 292% tariff will be dropped on these planes. you still could have an appeal to the u.s. court of international trade or the world trade organization likely this will drag on for some time boeing is not happy with this ruling and is not bound to say, okay, go ahead, you can export those out of canada into the u.s. at a price they believe is well below market levels. >> phil, even though this is the international trade commission, it's a u.s. agency. >> correct. >> and the commerce department had just said that it's a 300%

tariff were going to apply to bombardier, just within the last couple of weeks, i thought. >> correct. >> how can one u.s. agency go one way, commerce is going the other way. you know, how does that shake out? >> well, you -- when these types of tariffs are proposed, at some point the trade commission weighs in in terms of is there injury to a particular business or an industry in the united states in this case, they're saying, look, we don't see that this is going to harm boeing what's interesting is, the trade commission, as they were investigating this, one of their investigators reached out to cnbc and said, what did boeing tell you about their backlog of orders when they reported their earnings a few weeks ago at that time boeing said, we have a record backlog. and so i'm sure that the trade commissioners looked at those statements as well as other evidence and said, look, we don't think that this is going to hurt boeing we think they're a strong enough company and that this is an aircraft that should be sold as

bombardier proposes to delta so, again, guys, let's see what happens in terms of appeals. >> all right phil, thank you. we'll let you go we're hoping to hear from the ceo of bombardier at some point. we'll let you go for now, thank you. fill lebeau on that market-moving story. headed to the close with 40 minutes left in the trading session. the dow up 172 points. >> oh, my gosh. >> just continues to power higher to record territory. >> the russell, the laggard. everybody's positive, pretty much everyone but the russell in record territory. consumers are about to get extra cash in their paychecks thanks to the new tax law. up next, find out who ubs thinks could be the winner. the fourth most of ll-time and alex rodriguez is hitting some investing home runs, trying to, with big bets on the tech sector he'll join us with his stock ll "osg ter on theclin be."

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♪ you better start from the start ♪ welcome back as markets have taken a leg higher in the last couple of seconds. the only one is the red in the s&p 500, that's utilities. a familiar target. with interest rates creeping up this year. look who's in the leadership, health care up 12% we talked about adv, up, and technology and industrials as well and the nasdaq having a

pretty strong session. >> we see a lot of rotation. various sec stores will go to the front and recede as others move to the forefront. let's bring back phil lebeau with the ceo of bombardier with him on this international trade commission ruling in their favor. phil >> bill, let's bring alain bellemare. let's hear your reaction from the trade commission, unanimous. >> good afternoon. i'm very glad to see hard work and analyses led to the right outcome. all along we've been saying that there was no merit to that claim from boeing and now we have a very positive outcome. that is a major victory. it is -- not only for bombardier, but for aviation, for the aerospace industry, for our customer and for thousands

of canadian and u.s. employees working on the c-series. wouldn't be more excited today. >> alain, what happens next, will you deliver the planes you sold to delta as scheduled originally they said, look, these tariffs go into place, we'll just get the ones coming out of the plant in alabama. since you've won this victory, do you plan to deliver on time to delta later this year >> well, obviously, we just got all the news, so we need to regroup and look at it and understand exactly what it means. and then we'll decide what we'll do next. i mean, that's something we're going to be working on over the next few days. >> a quick question for both of you, alain, do you think this would make boeing more likely to try to pursue a rival? >> i don't know. i wouldn't speculate on that i would just say we're very, very pleased with the partnership that we are on the verge of establishing with airbus all along we saw this as a great strategic fit. we are doing an assembly line

out of this partnership in mobile, alabama. today it just happened that i had the ceo of airbus montreal with me. we are advancing the integration planning process so, i think that i'm very pleased with where we are. >> alain, one last question. if boeing appeals to the u.s. court of international trade or to the wto, does that just drag this out for an extended period of time or do you believe you can go forward, as your legal counsel said, you can go forward with these deliveries to delta >> well, i mean, we're going to be moving forward. in terms of the specific delivery to delta, as i said, phil, we need to really understand and read the decision of the itc so, we know it was a very strong decision, 4-0. there was no doubt it was unanimous. we feel very good about that all along we saw that our case

was solid. now seeing the itc taking the time to do the thorough analysis and fully understand, you know, if there was damage -- harm to boeing or not and see, you know, that there was not and come up with right decision for us was to we're committed to the u.s. market, we're committed to jobs in the u.s as i mentioned to you before, phil, over 50% of the content on the c-series is u.s. i mean, we're buying a lot from u.s. suppliers and we're doing a lot of work in the u.s. and we're going to be doing more by putting the assembly line in mobile, alabama. i think all in all, i mean, it's -- this is a great decision and it just gave us more momentum to continue doing the right thing. not only for bombardier, as i said, but for u.s. customers, for u.s. employees, for canadian

employees. >> alain bellemare, you're clearly excited about this win thank you for joining us on cnbc i think they'll be celebrating up in montreal a big victory for bombardier over boeing in this trade commission dispute. >> is that french fries or does that go on the frempbl fry phil, thank you. great stuff. our thanks to bombardier ceo as well. dow is up 169 points back with more after this. [ click, keyboard clacking ] [ keyboard clacking ] [ click, keyboard clacking ] ♪ good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. but prevagen helps your brain wewith an ingredient future.

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welcome back to "closing bell," everyone. i'm sue herera here's what's happening this hour toronto police say they believe canadian billionaire businessman barry sherman and his wife, honey, were worth murdered sherman was the founder of appotex and his wife they were found dead in their mansion on december 15th. >> we believe now through the six weeks of review we have sufficient evidence to describe this as a double homicide investigation. and that both honey and barry sherman were, in fact, targeted. >> the tampa man accused of randomly murdering four people over a five-week span last year appearing in court along with

his parents. howell donaldson iii is charged with four counts of first-degree murder his parents are also facing legal trouble for refusing to cooperate with the investigation. espn anchor jemele hill is leaving "sportscenter" to the intersection of sports, race and culture. hill made news in september for tweets she posted about president trump, calling him a white supremacist. and that is the news update this hour. bill, i will send it back downtown to you. >> sue, thank you very much. on we go most americans will start seeing larger paychecks in february and ubs has some ideas on how investors can cash in on higher spending by consumers. eric chemijoins us with some o those ideas. >> that's right, bill. the irs has told companies to update their income tax withholdings by february 15th. ubs put out a research report suggesting certain stocks might benefit more than others they focused on home builders,

lodging, entertainment and those that cater to lower and medium income households. ubs point out home depot, lowe's, dollar tree and dollar general. the dollar stores in particular, ubs, thought would do well with the extra bumps in paycheck. cruise lines like royal caribbean and carnival and starbucks and burger king where every extra dollar in your paycheck can turn into big savings and big spending for those stocks you can see the whole list behind me. i i wanted to highlight a few names. back to you guys >> eric, thank you eric chemi it's interesting because there's only a few dollars here and there. it's not like george w. bush rebate checks. the trump administration is unveiling it's proposal for immigration reform >> the white house trying here to break through the log jam in washington, but they may have actually made the problem worse. their plan provides a path to citizenship for the 1.8 million undocumented immigrants who qualify for daca

in exchange, the white house wants $25 billion to build a border wall system plus more money for immigration enforcement. the administration is also calling for an end to what it says is chain migration, or family sponsorship that would be limited to spouses and minor children, though anyone who is in the pipeline would be grandfathered in. also, this plan would end the diversity visa lottery in favor of a merit-based system. this was supposed to help facilitate bipartisan talks until a twitter feud erupted today. chuck schumer slammed this is plan as a tool to tear apart our legal immigration system president trump then firing back, crying chuck schumer took such a beating over the shutdown that he can't act on immigration. this is also drawing criticism from conservatives with iowa's steve king calling saying it votes away our sovereignty

the administration will formally unveil this when the president is back in washington on monday. we'll see if there's movement by then back over to you >> ylan, thank you immigration was just one of the topics the president touched on in davos he also talked about economic growth and the dollar. here's a listen. >> after years of stagnation, the united states is once again experiencing strong economic growth the stock market is smashing one record after another we are also securing our immigration system as a matter of both national and economic security america is a cutting-edge economy. what our immigration system is stuck in the past. we must replace our current system of extended family chain migration with a merit-based system of admissions we are doing so well our country is becoming so

economically strong again and strong in other ways, too, by the way, that the dollar is going to get stronger and stronger and ultimately, i want to see a strong dollar. >> of course, that last part from joe kernen's exclusive with the president yesterday. i hope you saw it this morning on "squawk box." joining us right now to wrap up this week economically, larry kudlow, senior contributor here at cnbc. you know, this administration would not be the first one to trip over dollar policy statements because, in fact, a stronger dollar is in the best interest of the united states, but so is a lower dollar, right? >> no, it's not. >> sure it is. >> i'm a king dollar guy how about a strong, stable, reliable currency to make america great, you need to make your currency great. now, i love the joe kernen interview. hats off to joe. i think the president covered it absolutely covered it. steve mnuchin was going around, caught up in his own rhetoric, but he clarified it.

the dollar's going to go up. i don't know when, but better growth and higher interest rates, the dollar is going to go up it's fallen back to 2011 or 2012 i'm a bull on the dollar this be that as it may, the treasury is jaw-boning -- they can intervene but the dollar is a function of the economy. when you have a high growth -- reagan, tax cuts, federal reserve, inflation out of the system, the dollar soared for three, four, five years. almost went too far. all you want to do is let folks know you're not going to deliberately downplay the world's currency i think the president got that done i really think he do. >> what else do you think he got done in davos? lloyd blankfein usually tweets against the president but had supportive comments about the

balance trump tried to strike about america first doesn't mean america alone. >> he says, give trump credit for campaigning where there are no electoral votes his message at davos promoting america's interests doesn't mean withdrawing from the world agreed now can we stick with international commitments to environment, trade and defense >> i don't know about environment. i agree with the president's withdrawal from the paris climate pact i thought it was wise to go into the lion's den and do it i liked his tone, which was cooperative and i liked the substance, america is open for business he repeated it several times come and invest in america he's selling the country on the basis of lower taxes and deregulation and the phenomenal corporate outpouring of support for this plan. and i think we'll see foreign companies come back and build in america, so on and so forth. i love this line, america first, but not alone.

i wonder who wrote it. it's an absolutely wonderful line look, the president is going to stick to his guns, as he should, on immigration, okay we need a thorough -- among other things - >> this diversity visa lottery drives me crazy. we must go to a merit-based system and we should have -- look, sometimes it's a wall, sometimes it's a fence, sometimes it's a barrier that's what he's always said i don't have any problem with that but he was rather -- with joe kernen particularly, i thought he was rather accommodative on trade. i didn't hear militant hostile -- >> and on immigration, too. >> that's correct. this was so interesting to me, his tone from start to finish is what i would call cooperative, you know, no bragadocia and i think he's developing a pretty big following among many people who really didn't like him or campaigned against him or whatever. >> the way immigration is shaping up right now for the president, from his point of

view, there can be a pathway to citizenship for 1.8 million d.r.e.a.m.ers out there, blut i have to have a wall. >> that's right. security is important. you have to get rid of this goofy diversity -- sanctuary cities, drive me crazy also. on the politics of this, senator schumer is just lost he's out there paddling trying to get ahold of balsa wood after they pinned his ears back on the shutdown these guys are card-carrying conservatives who have been tough on immigration but they are packibacking the president n this senator cruz so far has held back i believe he'll come around. this is a good moment to do this you know, better to make these adjustments with a rising economy than with a falling economy. >> let me ask about the last thing this morning in the gdp

report we didn't get the 3% handle. the revisions were good, consumption, business investment -- >> business investment was terrific you're running business investment year to year 8.5%, and the durable goods number confirmed that you look at these things year to year these accounts are so goofy. yes, we imported more and we exported more, so we traded more that's the sign of a healthy economy. they subtract it from gdp, it carry over from the late 1940s, but they never count the capital inflows that are the flip side of a trade gap so, i'm here to say -- i've said this to the president -- >> we start running a surplus, that's going to flip the math on the capital flows. >> a larger trade deficit is a sign of economic health. we will grow faster than the rest of the world. we will import, hopefully without tariff obstructions and the like inventories came down.

that could all be revised up you're right, the innards of this report were much stronger than the outer america is open for business, all right? tax cuts and deregulation have restructured incentives, which is what we wanted. you know, i've known bill forever. kelly, getting to know you every ten or 12 years, i get one right. and i think i got this right >> i'm glad you made the flight in for us today, larry larry kudlow. we have more breaking news on wynn resorts. contessa brewer, what now? >> as we're watching this share price drop now down by more than 10%, we're starting to hear from the gaming control board in nevada saying it will review the allegations against steve wynn "the wall street journal" telling today massive long-standing allegations of sexual misconduct by the ceo of

wynn resorts now weerl hearing from the massachusetts gaming commission. and the interesting thing here is that the wynn boston harbor is under construction right now. they've been awarded the gaming license there, making the biggest private investment in construction project in massachusetts history. and the commission says it's now aware and is taking very seriously thetroubling allegations detailed in "the wall street journal" article the suitability and integrity of our gaming licensees is of the utmost importance and ensuring that suitability is an active and ongoing process. the investigation enforcement bureau will conduct a regulatory review of this matter to determine the appropriate next steps. is that mirrors what we heard from the nevada control board as well it's unclear what kind of enforcement power they might have at this point in time again, it's expected to bring in some 4,000 jobs to the city of everett. as i said, will be the largest -- second largest private employer in the state.

so, it's unclear how this might impact that project in everett, massachusetts. >> that's another point. thank you, contessa brewer. wow, that's all you can say about the stock market we were up 200 points moments ago. wheq s now for the s&p, nasda ase ad to the close. we're closing down to the countdown coming up. treet guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

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session high, biggest percentage gainers, verizon, intel the best performing stock on the dow, not just today but for the week on better than expected earnings. verizon, the third best performing stock for the dow also moving on earnings. just spoke to art cashin, he was saying the weaker dollar has played a critical role in driving stocks higher. on those comments from treasury secretary steven mnuchin take a look at the biggest gainers sectorwise consumer discretionary up more than 2%. netflix, the best performing stock on the s&p 500 kelly, up 24% this week. back to you. >> did you say this week >> this week, 24%. >> holy cow.

>> wow seema thank you. u.s. economic growth slowed in the fourth quarter, but the details pretty healthy gdp increased at 2.68% surge on imports we were talking to larry about recreational vehicle, pretty good gauge of the u.s. economy 2017 was the best year for rv shipments in four decades, up 17% from the year earlier, according to the industry group rvia. >> that's another wow. and it's millenials. it's millenials driving this boom, are you kidding me piling into this market and generating quite a bit of revenue for the industry let's bring in our guest tim sullivan, the ceo of rv maker rev group. thank you for joining us today. >> thanks for having me. >> wait a minute, baby boomers are retiring they're the ones supposed to be buying the rvs and seeing the country. you're telling me millenials are causing this boom for you guys right now? >> yeah, they really are they're driving the lower end of our offerings, so that's t

towables and class cs. they're looking for the weekend experience to get out of the city to the countryside. that's driving a lot of our sales right now. >> tim, the cost of the rvs has also gone up i'm sure baby boomers are a key part of this as well what's the deal with financing do people have disposable money to spend or what are you seeing play out for the consumer? >> we had a little soft december at the end of the year, but maybe give you an indication of just how quickly it's rebounded. i don't know if it's the tax cut effect or whatever, but we had the super show in tampa last weekend, which is the first retail show of the year. we sold triple the number of units just last weekend. it's the biggest output we've ever had at the tampa show and we're looking for really another, you know, seven, eight, maybe 10% growth in 2018 so, it's all happening and i think, you know, maybe

it's the discretionary income that's becoming available, but it's certainly really red hot coming out of the blocks >> that is amazing before you go, we're very tight on time, what happens, though, if -- if not only interest rates go up but fuel costs go up you know, saudi arabia is dying to see the price of oil go much higher here as they get ready for this ram co ipo later this year. >> yeah, you know, that could have some impact on it quite frankly, i think the fact we're stable in this country with our resources for fuel, people are not really paying that much attention to the fact that we could have a falloff the demand will increase for the year and we're looking for another good ninth year of growth >> i'm going to ask my frepdz what they're doing on the weekends thanks for joining zeus because they're never around >> thanks so much. >> thought they were just avoiding me. tim sullivan. we have the market on close

orders now to tell you about art cashin was just telling us here that initially they looked like $1 billion to come back -- come back, $600 million to buy we have a late surge with dow up. >> s&p up 1.1% we'll have much remo detail on the rally when we come back in two. let's get started. show of hands. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. 1, 2, 3, go.

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how much longer can this go on we were just talking during the commercial break here. just amazing, the continued rally we're seeing on wall street the best gains -- the best start to a new year for the stock market here in the united states since 1987 31 years the dow up 193 points. rrorst everybody's in record teity. we have the closing countdown coming your way.

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let's do some card twirling twirling cards e*trade. the original place to invest online. three minutes left and we're up 204 points on the dow, capping off another strong week. another week more milestones taken out here the industrial average, all-time highs as we close out this week. we have one week left in the month of january and already we have been setting all kinds of records here this week telecom was the best performer in the s&p 500 consumer staples, the worst performing sector. consumerstaples were the best last week. it's this rotation we constantly see. one group will move to the front and then as they fall back,

another group comes and powers this market higher it's just remarkable to watch this market go here. what is not going higher, of course, is the dollar. some confusion about government policy on that this week at davos. but the net-net is that we continue to set three-year lows for the dollar index itself. and we are below 90, which had been a key support level for rick santelli. as that sets a three-year low, brent went to a three-year high this week. i'm going to bring seema modi in on this. we're above $70 for the first time since late 2014 and as i've been saying, you wonder with brent started to feel comfortable above $70 how much longer before wti crude? >> growing confidence to continue the supply cut in production and i think that seems to be a big part of this oil rally speaking of oil, we heard from exxonmobil among other oil production players on the earning side. >> the yield, i was joking with

rick san stelly earlier, we were up 40 -- 20 basis points just this week. if we continue that pace, we could be at 3% by march. that's not likely but, hey, the way this interest rate policy is going, it's unbelievable how beer seeing the gains we've had this year. >> it was interesting to see the outperformance and financials. goldman sachs, one of the best on the dow, gaining 4% this week next week, fed, janet yellen, we'll have to see what that means for rates. >> also very important, we'll have the next auction announcement by the fed -- by the treasury, rather, on how much paper they're going to need that will come out wednesday that's one to mark on the calendar to see what kind of -- maybe it could lead to a pivot point. it will either be very bullish and could push yields back down again or we could see a continue to move higher for the ten-year. >> apple losing 4.10%, despite

the move in technology apple reports thursday a big report to look forward to next week. >> thank you, seema. up 213 -- 14 points. record highs now for most of the major averages closing out another remarkable week. a remarkable second hour of the "closing bell" is coming up. a guy named a-rod coming along to talk about some of his favorite investments these days on the second hour of the "closing bell. have a good weekend, kel thank you, bill. welcome to the "closing bell," everybody. i'm kelly evans. another big late day rally the dow gaining more than 200 points to close above 26,600 well on our way to the next 1,000-point mark here in a very short period of time that's about 0.8% gain for the dow. the russell small caps was up 0.4%

the broad market up 1% that's a 33-point gain the nasdaq up about 1.3% at the bell to close up 7500 for the first time i think we talked about that, mike, that's 50% above the dotcom high. crazy to see that now. we'll have much more on these markets in a second. joining me, mr. michael santoli along with cnbc contributor evan newmark and rebecca patterson. welcome, everybody leading the dow this week was intel. it had a huge performance today after those earnings last night. it was up nearly 10% on the session, better than 11% for the week apple was the laggard, down 4% this week. netflix the gainer and the s&p 500 after its strong earnings report different story for newell, the owner of rubbermaid, down 18% after it said it would pursue potential spin-offs for a lot of its businesses very different, much stronger picture at the markets on the close again. we're up another 220 points.

we've had 331 days for the nasdaq this year and that didn't happen until june last year. what's going on? >> the market is running flat out at a higher gear and the tank doesn't empty because the money keeps flowing in by people who feel they have to chase it this is the cycle we're on it seems like just to mix a metaphor, the market is turning up 11. we're reaching a pace of activity we haven't had for the most part in the last several years. the weak dollar is helping all these things are feeding into it. you look at the stocks leading the way, it's the big global stocks, the nasdaq today health care is - >> health care is the top group? >> it's a very international, multinational exposed group. that's the cycle we're on right now. >> does this make a guy like you want to raise your cash levels even more, stay -- >> no. >> not even you? >> not to raise my cash levels i'm already at plus or minus 50%. some of that is bonds but at the super end short of the bond curve. >> it's like, where do you go?

>> basically right now, i'd be terrified of owning almost anything largely because it's a market melt-up based on momentum, based on flows. >> you don't think it's based on tax reform, better earnings -- >> no, no, no. look, you can make -- you have to believe that everything is just going to go extremely well going forward. if there was one danger, we talked about it before, i would have to say it's the bond market the bond curve is getting super flat i'm shura bekaa is going to talk to this. it's -- the five-year is almost 250 in terms of the yield. maybe above. your 30-year is still below 3.0% the big danger here -- >> you nailed the two-year, by the way, 2.12. >> my best guess is it's going to be -- how will -- assuming the economy stays healthy,

assuming things go really well, i think the biggest danger is going to be the bond market because it doesn't seem like anything else. >> we had a huge move in the dollar this week whether that was because of secretary mnuchin's comments or ubs earlier was talking about a big deficit they're expecting in the u.s. this year what do you think is going on there and how is that feeding into the market? >> with the u.s. economy doing so well, we are going to get more rate hikes from the fed this year. that's dollar supportive however, the rest of the world last year started catching up. now we have investors saying the u.s. isn't the only place in town and capital is leaving america to go to emerging markets for higher yields. it's going to europe where the valuations relatively speaking are a little more attractive and earlier in the cycle so, you're getting this global capital flow out of the u.s. at the same time when the u.s. does well and americans spend, what we buy right now is mainly imported our trade deficit goes up, our

current deficit goes up. that's a drag on the dollar because we sell dollars to buy all that foreign stuff that we like so both of these things, the capital flow and the current account, are suggesting that the dollar could get a little weaker >> we already went below 90. this brings us back to three or four years ago, it's not dramatic the other dramatic thing we're talking about are inflows into stocks it continues here's a little nugget i liked $12 billion into active funds. that's a record. active managers should throw a party because that hasn't been a strong period for them. >> net inflows into bonds, so it's not entirely about a zero sum game coming out of bonds into stocks, which was the cliche of what was going to happen a lot of people have psychologically fought this bull market for a long time it's almost as if all the good news had to be right in front of them and there was no subtlety,

there was no saying, it's better than expected. now it's all in. that's the issue >> and i don't think it's all priced in but i think it's the beginnings of this kind of overshoot phase where the obvious trade is long. a lot of people get into it and you don't know exactly - >> i would like to know what you think having seen these cycles play out, if it's an overshoot phase, that means it can go on for a while. it means maybe it becomes more dangerous, maybe it doesn't, but what are people supposed to do >> to me, the word you don't see, and i'm curious if rebecca puts this in her reports, you don't see valuation. you don't see them saying i'm uncomfortable. >> i hear a lot about valuation. >> it's like risk factor number one. >> it is but the whole point, and i was talking to somebody earlier, the valuation is not so much about earnings, per se it's really about rates. by that i mean the following -- if for some reason, and i'm not expecting this to happen, but if you see rates shoot up for any reason, then all those growth

stocks that are trading at very high multiples, even the steadier, the boeings of the world trading north of 25 times next year's earnings or wherever they are, all of a sudden valuations come down very quickly. not because the earnings have changed that dramatically, but just because that's the way discounted cash flows work. >> in classic theory that should happen, but the last cycle that didn't happen, as rates were going up, so were stock prices there was never this reset. >> i think the trigger point with the rates going up is when do we see wages going up enough that it's eating into profit margins and profit margins roll over we're still a ways from that every time is different but historically you need wages growing at roughly a 4% pace before it starts to hurt one thing i'm watching that i'm just fascinated by is what these companies do with the tax savings. a couple surveys done in the last week is suggests maybe as much of a quarter of companies are using that money to pay down debt if you can see nonfinancial

leverage reduced in the system, that's a reason the party could go on a little longer, even if rates go up. rates go up and you have this wall of maturity starting next year, you have a vulnerable credit picture if the debt gets paid down quickly or pushed out, there's a reason the party goes on. >> excellent point by the way, one thing i was recently reading cooperman had said is maybe it's not illogical that when you have a crisis that deep you have a recovery this drawn out. the gdp numbers haven't been hot until lately is this the flip side of the coin >> you were at 2.3 prsz for a couple of years. in 2013 and 2014 we're just at 2.6. it feels like a huge acceleration by the way, this is the third cycle in a row that everyone has said, gee, there's never been a longer cycle or one that was less impressive. that's the way we are right now. that's the kind of economy we have it's a service economy, a consumer globalist economy >> to me, the world, though, i'm

really looking at these -- the stock market is a tricky indicator for the rest of the economy. and for people like me and maybe for people in new york city that have accumulated wealth, this is a great time it's still not clear to me that all this stuff is going to result in net -- in wage growth or a lot more jobs. >> absolutely. >> i'm yet to be convinced we'll hit the magical 4% gdp growth. >> that's another leg to look for. maybe not today but in the coming quarters. the companies that can't find trained workers, qualified workers, they're automating. they're cap x is in robot and machines it's not good for the average american but good for the companies that make the stuff. that could be april second leg to this rally as we see business investment really picking up. >> it's sort of the best of times and worst of times to be a truck driver right now. a news alert on kroger let's bring in leslie. what's going on there? >> this has to do with kroger's convenience stores a cnbc.com exclusive reporting

that casey's general stores is looking to buy kroger's, $2 billion convenience store businesses that's according to sources familiar with the situation. who talked to cnbc.com's lauren. casey's has been under management and sources believe by bulking up, by buying kroger's convenience stores that could stave off that activist pressure they've been experiencing kroger was exploring strategic alternatives more more than 780 stores under names like kwik shop, turkey hill, tom thumb casey's is one of several parties looking to buy the store. back over to you. >> thank you both of the shares rallying. kroger up 2% casey's up 2.7%. this make a lot of sense >> it would in the sense that, you know, it's a smallish business for kroger and yet it would create more scale for casey's. that's a typical kind of mega cat divestiture. >> the om thing i find

interesting are these reports, which have not been substantiated that kroger may be looking to pay that into a more favorable investment company they're talking about alibaba and leveraging technology and driving people to the website. you could have the convenience stores or leave them or trying to free up capital for other uses. >> feeling that's not their core. >> definitely now that we have clarity on the tax legislation, whether you love it or hate it, anyone who's been thinking about doing a deal, better to do it now, whether you're buying or selling something. you know what you're dealing with in terms of regulation and yields are never going to go lower if you're doing any debt >> guys, thank you we'll let you go good to see you. rebecca patterson joining us to talk about these wild markets. another news alert this time on usa gymnastics. what's happening >> the entire board of directors of usa gymnastics have offici officially resigned. the olympic committee asked them to do that yesterday in the wake of this abuse scandal.

the gymnastics, one of the most popular sports of the olympics, a lot of business ramifications, a lot of sponsors were going to leave. it was important for this the committee to do to keep that running and solvent and participate with the u.s. team in the olympics in the future. >> the only thing i wonder, when an entire board resigns, then they got to bring other people in very quickly, i guess, to change direction and run this thing, right >> you that's right. this is just one step and a lot of problems this organization has had. getting rid of the old guard is the first step clearly it's not the last step and there's going to be more news going forward to see what they do to get ready for that next olympic cycle. >> that's a big move eric, thank you. there's a lot more ahead stay tuned on the "closing bell." ansz straig ansz straight ahead, big cap tech facebook, alphabet and the big cap tech have these stocks run too far too fast or is there still time

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fresh off ringing the close bell to celebrate the opening of opry stage in times square joining us is vince gil and ceo and chairman collin reed thanks for joining us at post nine have you ever rung the bell before, vince? >> no, no. >> have you ever been in here before >> no. this was awesome i had a buddy that was a trader here for years and years and years, but never been here. >> did he give you stock tips? >> just make sure you don't screw up the bell thing. >> that's true they're very serious collin, you guys are basically old the grand ol' opry in times square how is the brand of country music doing right now? >> the brand is growing quickly and technology is the driver people all over america, all over the world, are listening to the music of guys like this great guy i'm sitting next to me so, it's growing and our goal as a company is to put these businesses into these

big urban cities like times square and literally talk to and communicate with consumers here in this great town of new york. >> what's next when you have the capital coming in now, this is one move you're doing coming into new york city. where else might yryman go >> we're not going to tell you that, but our goat is to do a few of these and literally take this brand across america and maybe international at some point. >> do you think it travels beyond nashville, that location where it has all that history and all the rest of it that was, i think, a lot of people feel what resonates them about the opry >> i think so. i think people when they connect to the word country music, they think of nashville, tennessee, they think of the grand ol' opry the grand ol' opry was the first to promote country music

it's 92 years old. the way technology is, people find us all over the world why not take advantage of it and show people around the world how much fun this music can be. >> when we have guests like you come by, we like to ask, what is your biggest money mistake what are the lessons you've learned going along? >> i'm the most wrong guy to be here i don't even know where i bank. >> who takes care of that? is it the wipe or business manager? >> yeah. i knew there was someone way smarter than me. i'll play the guitar, sing the songs and you keep me from going broke. >> you're still looking for that person, right? >> oftentimes one of the answers people tell us is they pick the wrong person to do that, by the way. they said, i don't know anything about this and i picked a guy that turns out they didn't know anything about this either they had bad intentions. you ever run into that >> no, i've had the same guy for 35 years i'm a lucky man. >> i was going to say. so, we've talked a little about the economic backdrop here

what do you think is going on with interest rates? are you concerned they're going to go up and make it a little more difficult for you guys? >> i don't say interest rates going up, we get three hibs, i don't think that will affect our business at all. we have a really good capital structure as a company we have some great projects under way, most of which we fully funded already we should have good growth i'm not concerned about three rate hikes or two, whatever it may be our capital structure is really good. >> i should ask you, what's your biggest money mistake? >> betting against him on the golf course. >> guys, thanks for your time and for joining us today congratulations. that's collin reed and vince gill up next, more on this record-breaking day on wall street we're hitting big cap tech, tfx d facebook and amazon. it's all yours. wow! record time.

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overseas netflix up over 22%. amazon higher by 8% as it makes inroads into health care next week will be a tech-heavy one with the likes of apple, microsoft, amazon, alibaba all set to report next week. check out the move of alibaba, up 19% in 2018 bitcoin can't seem to catch a break, losing about 4% this week kelly, back to you. >> seema, thank you very much. now, during his 22-year major league baseball career, alex rodriguez was the highest player in 2013 now a-rod, simply known, is putting some money into petros pace finance, a company financing commercial properties, looking to reduce the carbon footprint. we're joined with alex rodriguez and corporate chief lane lemure. welcome to post nine. >> great to be here.

a big fan of the show. >> you're such a real estate guy. you have a couple different companies and all these prompts. how did that start and why >> it started really smart i smart with a duplex about 18 years ago. and that's grown into a very diversified holding company that has a fully integrated real estate company we invest in health and wellness, media entertainment. we like to invest in companies we understand, that we're passionate about and we can bring our expertise. which is more than capital we don't just want to be capital. >> you have monument capital management, newport capital. talk about this latest investment and why it's so attractive >> petros pace is a way to finance green energy projects for real estate companies and real estate owners we finance 100% of energy and seismic retro fit upgrades we finance it over 20 or 30 years. then we record a special assessment on the real estate. so for property owners, we enhance asset value. for us as loan originators we

create an asset-backed securities we could sell to the marketplace. >> how did you find this guy >> i got lucky i hit the lottery. the other thing i like about lace is having large real estate holdings, it brings value. you can get 20% of the loan, improve your properties. instead of getting 12%, you get it at 6% instead of three to five-year loan, can you pay it down over 30 years and it's nonrecourse i'm excited. >> who else is in this space doing this kind of financing >> there are a few - >> big banks >> it's a niche interest it's half a billion origination, on track to do well over a billion. it's a new industry but innovative financing technique. >> you're not just in real estate you have some ufc-branded fitness center, true fuse, ice shaker, energy e-sports. there's a lot going on here. >> busy? have you been able to keep up with baseball? i know you have a new gig as

well, espn sunday night baseball interesting arrangement, right, fox as well? >> very excited to be working with fox and now joining the espn team. as a kid, i came up watching espn every night joe morgan, john miller. i remember watching with my mother every night on sunday night. my mother, my brother, my sister and now to be a big part of it, so excited. >> but you're working for espn and fox at the same time i want to be clear on this they know this they're aware? >> i think they do, yes. major league baseball, we're in a very special time. the industry from a health point of view is at a $10 billion clip that's compared to $1 billion when i first entered in 1994 from rob manford to tony, great leadership but our young players are wonderful. our job as analysts is to come out and reveal these great personalities and essentially remove the helmets and talk about what great character these young men are as well. >> let's talk about character. last question, we spoke about

this with the last guest as well biggest money mistake. i think i might know yours i wonder if it's the steroid usage and you mention all the money you lost because of that but what do you consider to be your biggest money mistake going along? >> that's the biggest mistake i made for sure, business, personal, emotional, i acknowledge all of that. back in the recession, the real estate time, we paid every loan off, we negotiated with our banks, but one lesson you learned early on is you don't want to personally guarantee anything right now we do all our loans, fannie mae, freddie mac. >> that's a very interesting lesson to draw speaks a lot to -- >> when the heat goes on and you have a personal guarantee, it's not fun. >> we'll have a lot more, if you don't mind sticking around we'll talk -- we'll have a triple play. a-rod will join two of our "fast money" traders to talk top stock

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welcome back what a finish to a crazy week on wall street. the dow was up 223 points on the close. just under 1% -- better than 1%. the dow over 26,600 on that close today. the s&p up 33 to 2872. the nasdaq up nearly 100 points, 1.3%, closed above 7500. russell 2000 even up let's get to sue herera. hello. this year's flu season is now more intense than any since the 2009 swine flu pandemic. and it is getting worse, according to federal health officials. and the flu season still has weeks to run. "the new york times" reporting hillary clinton declined to fire a top adviser from her 2008 presidential

campaign, despite repeated accusations that he sexually harassed a younger female aide campaign manager patti doyle advised clinton to fire her, who was the feith adviser on the campaign he was instead moved to a new position. overseas, six children were killed in central afghanistan and there are conflicting reports on who killed them officials say they died in a taliban mortar attack but some villagers say they died in an air strike by afghan forces. two other children were injured in that attack and nasa putting two satellites into orbit after a night launch thursday night. the satellites will study the border between the earth's atmosphere and space you're up to date. that's the news update at this hour kelly, back downtown to you. have a great weekend. >> thank you, sue. you as well. let's get to some other big stories today in our rapid recap.

>> last day of the world economic forum here in davos, switzerland, and the business world has been focused on president trump's closing keynote speech. >> i'm here to deliver a simple message. there has never been a better time to hire, to build, to invest and to grow in the united states >> what would you give yourself in terms of dealing -- negotiating with government versus business, what grade for the first year >> well, a lot of people have given me an "a." somebody gave me an a--plus. i got the biggest tax plan in our history approved. >> the dollar is the most liquid trading market in the world. and where the dollar is in the short term is not of concern to us we respect where the dollar is. >> starbucks reported better than expecting earnings. revenue came in lower than expected, as well as comps. >> there's still a lot of potential in the u.s and there is an unlimited opportunity in china. >> the record-breaking rally is rolling on the dow and s&p 500, shocking,

shocking, hitting new highs again today. >> shares of wynn resorts plunging right now down about 9% on reports of sexual misconduct by its ceo and founder steve wynn. >> here's how we're finishing up on wall street the dow gaining more than 200 points to close above 26,600 well on our way to the next 1,000-point mark here. >> and tech has been market's all-star performer of late the sector up 1.6% today here to talk more about the tech trade are "fast money" traders guy and david and alex rodriguez and lane, if that's okay with you guys if you don't mind. >> we'll take it. >> because -- well, we're going to start with google alex, you're a google guy. you like google as an investment why? >> i do. i think long term it has a good mode we all use google, right, from my two daughters to grandparents and we all know google i use it every day when i think about -- i call it

my ar buckets. for the most part i'm s&p, low fees, super boring, go to sleep for 100 years. over the last five years i like amazon, google, facebook, berkshire hathaway, jpmorgan and bank of america. >> what do you think about alphabet >> i'll tell you real quick, they're going to report, i believe, on the 31st or 1st, if i'm not mistaken i think alex is right. if you look at in terms of valuation, it's probably the most rooent reasonable one out of the bunch he talked about and they're growing at about 30 times earning. so i like google i think in terms of valuation it makes sense and in terms of the mode alex talked about, he's spot on. >> i agree with that i think right now we're looking at a stock that has the biggest overhanging google is anti-trust anti-trust concerns are putting their search engine on android preloaded, if you will that's been a concern for investors. i think that's overblown i think you'll see the stock continue to work out, especially

this year, i think it's one of the best names to own. >> they sound pretty supportive. what about facebook, alex? >> i like it again, i keep it very simple believe it or not, i get my stock tips from my daughters on the way to school. when my markets are going up and down, i ask my daughter, ella, do you think facebook is going to be really good? she says, dad, i love it she said, amazon prime, i'm buying it. they have their own portfolio. keeping it simple, keep it - >> do they invest? >> they do only the things they use every day, google, instagram, facebook, those kind of things it's worked out well for them. >> all the usual suspects. >> let me tell you something, there's nothing little about their portfolio. i saw the last contract he signed my concern with facebook is do they wind up on capitol hill at some point and will senate testimony put a damper on the stock? that's my concern. i have a question for alex rodriguez. am i allowed to do that?

>> go for it. >> alex, when you go to the hall of fame, and it's inevitable, what cap are you going to wear don't dodge this question? >> well, i like the way you're thinking from your mouth to god's ears. >> we know it's going to happen. a yankee or seattle mariner? >> i would love that look, i -- for sure it's going to be a new york yankee. >> that's it >> and we won the championship >> guy, you really put him on the spot that was brutal. >> that was brutal. >> i know he's spending time on the new york stock exchange. we would love to have him see us at "fast money," a 5:00. >> i'm cutting this off right now. we're going to stick with amazon and show an exclusive sneak peek that cnbc has here this is amazon's super bowl commercial featuring jeff bezos. take a quick look. >> alexa, what's the weather like today >> in austin it's 60 degrees

with a -- [ coughing ] >> alexa >> amazon's alexa lost her voice this morning. >> alexa lost her voice? how is that even possible? >> we have the replacements ready. just say the word. >> you're sure this is going to work ♪ >> yeah. ♪ >> i have no idea what that means. but you talk about why -- you're talking about the speaker a moment ago things you like, investments you hold and amazon is one of them. >> one of the things, again, keeping it fundamental i'm a fundamental guy. that's how i played baseball for 23 years i invest in jockeys, not horses. jeff is a great jockey he's also from miami a lot of people don't know this. he went to school in miami, palmetto high school a few miles away from westminster high school and we both ended up going to seattle jeff did a lot better than i did. >> guy and david, what are your

thoughts on this one >> my thoughts on -- well, quickly on amazon, listen, obviously the knock on amazon has been valuation but it's been a giant land grab. they're the biggest disrupter on the planet at any time they can turn the needle from losing money to profitability. i'm with alex on this one. stay the course. b bezos is a genius. >> i agree as long as they continue to grow their top line on the investments they're making, the stock's going to work. it will never become an earnings story in that scenario they're making proper investments, growing their top line it's a stock you have to stick with. >> mike, there's amazon over 1400. >> i've been trying to think of another super bowl commercial that featured the company's ceo, which says a lot he used to be the guy in the background, the mad scientist in the wings. now he's obviously got a high enough profile he's trying to sell the product. >> there you go. >> guy's got his head in the pizza. >> i'm always thinking alex, nasdaq, 5:00, any time you

want, be here. >> because you've been so kind, maybe we'll send him over. >> send him over. >> i don't control his schedule. we'll see you top of the hour. thank you very much. we have some twitter questions, last thing. you've been generous with your time we'll ask a couple and let you go here's what our viewers have tweeted today. we'll start with a.z. who asks, drum roll, please, have you invested in any -- here we go. digital currency >> we'll have lane handle that one. >> we haven't invested in any yet. we're taking a close look at it, like everybody, but it's a lot of uncertainty in that part of the world. >> what's the daughter think about bitcoin? >> i don't know anything about bitcoin so i'm going to stay out of that one, but lane. >> exactly just passing the buck. in a way, that's encouraging, i think, to a lot of people. monty tweets, if the mets were a stock, would they be toys "r" us #bankrupt

toys "r" us isnot bankrupt yet >> i'm a con temporatrarian. their pitching was dominant. people are sleeping on them. last year they went to the world series i like that omar is back in. >> what about the yankees? >> always big. one thing you have to watch, they for the first time were david not goliath. will be interesting, obviously stan katz will be a bump in espn network, bump in tickets the question is what happens to the clubhouse and the culture, like you have in boston with belichick and brady. >> i was going to ask you, you know, the people -- i got a lot of heckles from the philadelphia press corps over here. but do you have -- are you going to -- rooting for anybody in the super bowl do you care about football do you have a point of view on it >> i'm a huge fan of what the patriots have done, especially with the trifecta of robert kraft, great bill belichick and

tom brady. that may be the best threesome in all of sports, maybe in business, what a role model. >> good thing i wore the tie today. that's what i'm saying. >> one more. ryan asks, would you rather hold a deep value portfolio or growth also, do you want to hang out? >> it depends on the time. look, one of the things i will tell you, and i've done this throughout my portfolio, i think we're closer to the ninth inning in this cycle than the first i'm still going to enjoy, hopefully, some of the run but i've put a put on most of my portfolio. >> lane? >> i'm with alex, closer to ninth than first. >> john tweets, what's your best advises for a young athlete and new investor >> i would say do nothing at first. i would put your money very safe, control your spending and really find the best people in the world with a moral compass that can have an alignment with

you that he wins, you win. that's it. >> anything you're going to add? you're with this guy. >> i support this guy. 100%. >> guys, thank you for your time today. >> thank you >> talking stock picks and so much more. we have a new information out of saudi arabia. >> this is more developments in the ongoing crackdown on corruption in saudi arabia the crown prince, as you know, has detained a number of the royal family on charges of rupgs. he is now stepping up the pressure on the detained members of the country's elite he is demanding billions of dollars in payments. he is now closing down the luxury hotel that they have been staying in and moving them to prison, basically. one of those detainees and one of the remaining holdouts is prince al what lee bin he is denying any skrupgs charges. he's been a frequent guest on

cnbc he's been ordered to pay $6 billion. he is resisting that he is a holdout. he will now basically be moved to a palace compound in eastern riyadh surrounded by a barbed wire fence the fence apparently a recent addition the ongoing crackdown continues and they are moving ahead with trial dates for many of these holdouts it remains to be seen whether prince bin talal will be one of them. >> what a development. sue, thank you very much. we have a news alert on lowe's to get to eric has that one. >> that's right. the board of directors at lowe's authorized a $5 billion share buyback program on tom of the $2.1 billion remaining in their previous program the buyback could be suspended, discontinued at any time that $5 billion authorization on top of the $2 billion from before the shares are up 2% we talked about this an hour ago, one of the 15 stocks ubs

said to watch out for, they could pop because of this new tax law in effect. back to you, kelly. >> thank you, eric. millenniaials may not be holding onto that avocado toast and $10 coffee as tight as one thought. a survey reveals interesting savings habit. ♪when sundown pales the sky i want to hide a while behind your smile ah, but i may as well try and catch the wind♪ our mission is to make off-shore wind one of the principle new sources of energy. not every bank is willing to get involved in a "first of its kind" project. citi saw the promise of clean energy. we're polluting the air less. businesses and homes can rely on a steady source of power. this will be the first of many off-shore wind farms in the u.s.

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♪ all the single ladies all the single ladies ♪ ♪ put your hands up >> there are a lot of stereotypes when it comes to millenials and money, including that they overspend and don't save according to new bank of america survey, millenials may be better at managing money than thought sharon epperson is here with those. i can't wait to hear these details. >> you may know it already but it may come as a shock to some people that millenials are actually doing a better job saving and budgeting and they feel more financially secure than older generations gen-x and baby boomers a new bank of america survey found those between age 25 and 37, over 47% have $15,000 in savings. 16% say they have saved $100,000 or more and 67% who have a savings goal stick to it every month or most most months.

recent tax changes may provide an extra incentive to put more money away by taking advantage of their lower tax rate and investing money in a roth i.r.a. you can put up to $5500 in a roth i.r.a. this year and contributions to a roth are taxed up front from then on any gains in investment in the account grow tax-free and all of the money can generally be withdrawn tax-free in retirement millenials are likely in a lower tax bracket now than later in the life making tax-free withdrawals more attractive. a roth i.r.a. is like a backup emergency fund, can you withdrawal contributions tax-free and penalty-free. with the future full of unknowns, this could come in handy. not just for millenials but at any age. >> i was not surprised to read this about millenmillenials i think this generation is so conservative, especially depending on the timing of -- depending on if you're on the older our younger during the

financial crisis that pile of money might look good now but they don't need that much when that could have been invested -- >> that's the great thing of investing in a roth i.r.a. because you can invest part of it, keep some in cashira you can invest part of it, keep some in cash and have it grow tax free if you need it you can have access to it i think a lot of what scarce people is putting all of their money in their founk or putting it all into something they can't take out until they are 59 1/2, or putting it in real estate, which also crashed in the crisis. >> yeah. >> the weird thing is that people mentally are very much affected by whatever happens when they first start saving money in what they do with their money. i tell stories of when i was 17 or 18. i took my summer money and put it in a bond fun it was the one summer that bond bot demolished. >> that's why you are anti-bond. >> that's the rest of my -- what

concerns me is if you are a millennial, you are putting money in the stock market it's at all time highs, if something bad happens. >> it is a great place to be. >> it has been, for a long time. the thing to keep in mind, you have never had a 20 year period when stocks did not provide a good positive return et cetera a hard to actually -- >> i don't feel that way. >> 20 years is a long time. >> i bet there is a lot of people that haven't up vested because they think the market is bad, look at the crypto effects. cryptocurrencies and all that. when in reality it is a great period what happens if going forward it is a bear market. >> with the recent gains we have seen in the last year in particular people are more interested in investing. they are evident having differently, they are more interested in investing in etfs, in being able to have control. that's why the roth ira makes a lot of sense. >> dad, all he ever talked about

was a roth ira >> that's why we love the dad. >> we do love him. sharon epperson thanks. big tech earnings next week, facebook, amazon, apple, alphabet all reporting we are going the preview some of those coming up. on "fast money," the money who knows more about steven wynn than anyone in the world will react to the stunning reports oust vegas today stay with us hey, what are you guys doing here? we're voya. we stay with you to and through retirement. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that tie. voya. helping you to and through retirement.

>> from aetna to apple we will look at some of the many names reporting their earnings next week when "closing bell" comes right back alerts -- wouldn't you like one from the market when it might be time to buy or sell?

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we have already hit 26,000 and 25,000 this year. >> 3,000 on the s&p -- i can't -- i'm dumb struck that it's like -- what is it -- >> 7500 on the nasdaq. >> consensus. >> 4% now. >> for the year, nasdaq? >> no, to get to 3,000 it's almost there. crazy. >> i think the consensus by analysts was 2750. >> we are almost there intel was up nearly 11% on strong earnings. twitter was up on same analysts talk after the departure of the ceo. wynn reports down amid reports of sexual misconduct from steven wynn that's are this week's next week's earnings calendar is busy the biggest tech names and the biggest movers have been those names. >> it has been it will be another test to say if there is an instinct to sell

the news unless it is a blockbuster number the tax cut and what it means for the of the canning side of thing has been allowing people to overlook the fourth quarter and say that's not really the run rate of earnings. >> right. >> and it's almost at the perfect when the concern was going to be is earnings growth plateauing and are stocks too expensive. basically, we are in the sweet spot >> it is a weird market. i'm struck by the fact on the one hand we seem to be up 100, 200 points a day but there is such earnings pesk movers on either side. >> every earnings season the one thing that is totally true is that the ceos of certainly the large multinationals they are really good at playing the whole earnings game. generally speaking, generally speaking. >> the mark. >> the mark -- generally speaking it's unusual to have a earnings disappoint that's a headline for the company unusually. >> but the bar guess raised.

>> you are making a sour face. >> what happens to stocks when they only beat by a penny? they don't go up >> the exception proves the rule. >> i take your point they have -- but there are still a lot of big decline he is we will see what happens today we'll see what happens with your tie. >> patriots tie. is a-rod back next week. >> mark, evan, that dose it for "closing bell. "fast money" starts right now. >> "fast money" starts right now live from the nasdaq market site overlooking new york city's times square i'm melissa lee. panelists tim seymou brian kelly, david seeberg, and guy adami. a hack sending shock waves in the crypto world we'll tell you what went wrong and if your bitcoin is safe. it is the boeing flight that won't break down. we start off with fear and loathing in las vegas. wynn share