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 shares getting crushed

today. down more than 10% as shocking sexual assault allegations about casino mogul steve wynn emerge let's get to contessa brewer in the newsroom with the details in the developing story. >> reporter: 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 multiple instances of alleged misconduct including an assault against a manicurist who was awarded a $7.5 million settle men and many other forced sexual encoupers with employees wynn says the idea i assaulted any woman is preposterous. and then he blames his ex-wife for instigating the allegations. her lawyers tell the "wall street journal" she was not involved there a representative from the company says blamed her.

again, the attorney said she is not involved in those allegations. wynn owns a 12% stake in the company, is regarded as crucial to its success before the company went public it wrote in its s-1 filing our ability to maintain a competitive position is dependent on the skills of our management team including steven w. wynn and then went on to include a $30 million life insurance policy on wynn in a interview, steve wynn talked about the importance of having happy employees. >> my basic priority is to protect our service levels so that the hotel, the experience of the hotels doesn't change and that means that i have to concentrate very, very much on human resources, our employees how happy is the staff how relaxed and secure do they feel because they are to the going to take care of customers and deliver the kind of service if

they are frightened about their jobs. >> that interview was about mccall be, what i have been hearing from las vegas is that many former employees still fear speaking out because of his long reach in las vegas and in nevada, that he is so unflew engs there the allegations could affect a resort and casino construction project outside boston with the massachusetts gaming commission saying it's reviewing appropriate next steps in order to ensure the suitability of the its licensees. a wynn company spokesperson tells c no. they are in contact with the commission and will be fully cooperative with whatever view the commission chooses to take this could affect police, too, because steve wynn was tapped by donald trump to be the finance chairman of the republican national committee. >> contessa brewer before today, shares of wynn doubled in the past. steve wynn is both the founder

and the ceo of wynn. he has been a driving force behind their high flying stock if these allegations prove to be true, can you own wynn without steven wynn, guy >> i would say yes i understand the accusations are soared i had i'm not going to comment one way or the another that's not what we do on this show i think five or ten years ago i think this would have been devastating for the stochlk i think the company is at a point now, mature enough now where if mr. wynn would have to leave or something were to happen, the stock would hold it trade at 20 times forward earnings as a growth rate. i don't think people are going to flee the hotels on the back of this news it doesn't make me happy to say that but that's a reality. think about the tape that came out of then candidate trump. the man was elected president four, five six months later. i think people are extraordinarily forgiving. the runway they have in mccow is

tremendous it's still growing in vegas, we spoke with him a year or so ago. >> i couldn't disagree with you more it tarnishes the bran. every one of these buildings has the name plastered on too much it every time you look at it, whether it's true or not true, i'm not making a judgment on, that but every time you see the name wynn object a building it's going on the a problem i do think actually this could hurt their growth rate not only that, steve wynn himself as they mentioned is incredibly influential politically. >> has wynn outperformed the peers? >> the entire gaming space has been on fire think about what's going on as the by-product of the economy, the markets, the consumer growth that has been reborn and the trends in asia and a lot of that is top down because a lot of people think that china is less concerned

about capital flight and letting these businesses operate i fall on guy's side as far as iconic ceo's steve wynn is there. but it's based on relationships. this company, this is not a young man. if it's riding on him they were already in a dangerous place going into today, they were trading at a relative strength indicator as high as you can get any time anywhere. this pullback is not a big deal. >> we have seen allegations coming out and things get so much worse than you can imagine. with a if in this scenario celebrities don't want to perform at a wynn property or chefs don't want to jork at those conferences. >> you don't want to hold a conference there. >> that leads into the political comment that tim makes i do agree with that for the near term. i think there is a set back to the stock. i don't think it's devastating i wouldn't buy it here i would wait for lower levels.

steve wynn is not the only guy in the world that can run a casino and hotel type business and the fact his brand is on the wall doesn't change anything about me wanting to perform or go to that casino. >> if you were going to hold a conference you wouldn't think twice? >> if the allegations are true. >> right. >> if you announce to your clients we are doing a conference in las vegas and it's going to be at wynn? you don't think twice? >> i think in the long haul it's not going to be an issue at all. you can make the argument that a tranldy happened in las vegas at a hotel. does that deter people from going to that hotel? >> very different. >> totally different. >> very different. >> would you have thought that actresses with a boycott weinstein and company in terms of production or directors >> very, very different. >> i think corporate event planners who anybody who is running a corporation has to steer clear. whether the allegations are true

or false it's lasatered all over the tv you have to stay clear of these properties. >> i can't speak to what the conference business, how much revenue it drives. i have no idea i probably had you should. bk makes a great point my point is this, i think tim made the same point. i think mr. wynn is at a point where he is clearly more towards the end of his career than the beginning. >> turns 76 on saturday. >> if he has to step down, my sense is that the business that's been put forth has enough traction where it might be a blip i don't think it's devastating >> all right. >> for more on the allegations against steve wynn let's bring in john ralston, one of nevada's most well-known journalists who has been covering business and politics in the state. he is here to give us a view of the wynn empire and what the allegations could mean not just for the company but for steve wynn himself had we were just having a debate as to whether or not steve wynn

runs the steve wynn empire or whether it is run by itself or run by other people. what's your sense of that? >> you folks know more about business than i do but there is no bigger name in the casino business than steve wynn and he doesn't like to be known as a casino guy. he has always said i am a developer. and look he's not standing still. he's building in mccould yw. where the wynn and the encore are is a tiny development of land he has a huge development in the works that he has unveiled his name is synonymous not just because that casino hayes wynn on top of it steve wynn is the biggest name in the history of nevada gaming. he is synonymous with it i don't know enough about the internal workings of the company or whether there is a succession plan or if it could survive without him. but he is the man behind that it's hard to believe it would

not take a hit if something happens to him. >> was this las vegas's best kept secret? in other words was this sort of known in town and nobody ever talked about it? are people going to give him the benefit of the doubt how is he viewed in las vegas, favorly? >> well, he's certainly very favorably viewed because he is maybe the greatest visionary in the history of this state. on the other hand some of these kinds of rumors or allegations have been out there before one of my columnists, john l. smith at the nevada independent wrote a book in which some of this stuff was alluded to. there was another lawsuit by a my gamed dennis gomes that the "wall street journal" mention who had used to work for steve wynn who mentioned it. and of course this is coming at the backdrop of an incredibly contentious and ugly lawsuit between steve and elaine wynn, his ex-wife. but let's look at what the "wall street journal" did.

they calked to 150 people. those are good reporters, some of whom i know personally. it's going to be very, very difficult for him to get away from that even though he said he never assaulted a woman. that's not what that story says, that he assaulted women. the preponderance of evidence. not the legal term but just looking at that story and the expectations of anything else is out there it will come out >> right. >> it's going to be very, very difficult for him to deal with. >> having known the wynns, john, what is your sense whether or not elaine is somehow behind this, that this is the product of a nasty divorce as steve wynn has put in his statement >> i certainly have no idea. the divorce certainly is nasty there several is no love lost between the two of them. but here is what i do know is that in this new atmosphere of sexual harassment being a big deal in the political social consciousness of this country the "wall street journal" started working on pieces just

as we have and many other news organizations have there have always been rumors about sexual harassment in the casino basis i'm guessing they fed off of that rather than by anything elaine wynn said but i'm guessing it's more over the backdrop of the discussion that's going object nationally about sexual harassment in rather various industries. >> how would you approach this stock. >> cautiously. i don't think anyone is being cavalier about what news could fall out from here i don't think there is any reason to do anything. deutsche bank go a nice note after the bell their erms the, we would be out over your skis trying to predict what to to here. but pullback of the stock leaves

it in a situation where it's significantly cheap. the news of the setment was out there in the milled of december. that the journal broke the story today made it more of a emotional response pie the market 30% of free float traded today that says it here. >> what do we do >> i would steer clear of wynn if you are going the bet on casinos, you have a whole choice of coins to bet on in terms of staying away from stuff, that's what i would do. today, i didn't do a lot i watched the continue to melt higher and i'm surprised bonds did go up. >> i loaded up on biotech. we talked aboutwhat the tax impact is going to do to this sector it signals to me step in the play this i think thing. closure eyes and buy the spi.

>> next week is a big week for earnings the tech master breaks out a chart. why he is so excited. plus the crypto hack heard around the world we will tell you how safe your crypto tech is. muchorfa meyafr is f "ston" te "fast money" after this "fast money" after this you always pay

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welcome back to "fast money. crypto has hit by a hack. >> it could be the largest crypto hack since crypto came to market in 2009 it's said up to $500 million in nem coins were stolen from coin check's digital waltz resulting in a suspension of all tokens aside from bitcoin nem is currently the tenth largest cryptocurrency with a market cap of $7.6 billion the coin is used to help businesses handle data digitally. coin check's cofounder said his team is unsure as to how the hack happened but that he does plan to compensate his clients at some point. no word yet on when.

in a statement the japanese financial services agency said it's investigating the situation. unlike china and south korea, japan has been much more receptive to the idea of digital currencies, recognizing bitcoin as a legal currency. it is one of the largest markets for cryptocurrencies but experts say this major hack to push regulators to take a harder stance on crypto exchanging going forward it could also push investors to find new ways to secure their coins outside an exchange uses services like tether and zappo back to you. >> seema mody at the new york stoc stock exchange this happen was bigger than mount goff when you think of collapses, this was bigger than that. should you be worried. >> hopefully nobody watching the show lost money on this. what you need to know about this, don't leave coins at an he can change because if you don't hold them

in cold storage or in a vault like zappo or gem my, a cold storage solution, if you don't do that, you are vulnerable to losing your coins. it's important to recognize the blockchain didn't get hacked whachlts hacked was the third party website, the exchange. this is why i tell people 1 to 5% of your assets need to be in this and that's about it these things sadly happen. >> i am an average person at home and i own half a bitcoin do i take that and put it in a cold -- >> absolutely. if you own it on coin base you go to the coin base vault, send it to zappo. >> chuck it in the freezer right next to the haggan daz das. >> you do not leave coins on an exchange they are vulnerable to a hack. >> i have no idea what you are talking about. >> i'm thinking about getting liquid nitrogen futures. fantastic. >> you can put it on a thumb drive or put it in a safe? >> you can get what are called a

ledger or a trazer, cold storage wallet, take those and put it in a safe that's another way to do it. it's easier than it sound. you simply send it to an address. you have a password, have a safe that's how you -- >> it can only be easier than it sounds >> rethink about night it's not as bad as you think. all you need to know be don't keep your coins on an he can change. >> okay. still ahead. the more you know, biotech having the best week since september. and one trader is calling it the best chart ever. and he will tell us how much better he thinks it could get. i'm melissa lee. you are watching cnbc, here's what else is coming up on fast. >> game has its buy back and they are one company poised to bite when it reports earnings plus, could apple top $1 trillion next week. >> good lord that's a lot of

money. y it sure is. ifou missed the move we will tell you how you can still cash in when "fast money" returns. in your car, you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week. (malo hutson) growth is good, but when it starts impacting our quality of air and quality of life, that's a problem. so forward-thinking cities like sacramento are investing in streets that are smarter and greener. the solution was right under our feet. asphalt. or to be more precise, intelligent asphalt. by embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter. who knew asphalt could help save the environment? ♪

what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley

it is the moment we have all been waitinger to. the world's biggest company is inching closer and closer to becoming the first trillion dollar stock apple is sitting at a hefty $870 billion in market cap. it's up 43,450% since its ipo on a split adjusted basis could next week's earnings report finally boost the company the new highs? take your position now will apple hit 1 trillion dollar next week tim? >> no. i think there is very little in the way of catalysts that i can see other than possibly the service business which is not going to grow that fast. i think this refresh cycle is extended farther than it should have i think demand has certainly

been questioned in china there is nothing here that's going the take it over. >> you are a believer in all the analysts coming out downgrading the stocks and cutting the stilts for the next quarter? >> i think apple is attractively priced i don't think it has to go up, $130 billion in the next week, no. >> it is all about the x the iphone sales has been skewing towards the 7 for the march quarter. i think it's dead money. i don't think it's going to take a crack and go much lower. i don't see it skyrocketing. i think it could be trading sideways for the next term. >> the iphone x -- >> ten. >> it's called the eye phone x >> dan has been on this, if you look at the stock since november, 170 exactly has been a line in the sand from november until now. that's been where it bounced off a number of times.

to me, that's what you are trading against. i'm sort of in tim's camp. i don't think this is the quarter that's going to get us there. but like many things in life, there is an inevitability of that $1 trillion handle. >> how does it set up into earnings i feel like it is a good set up into earns down 4.5% going into the number with expectations ratcheted lower? >> i don't know if i buy that. i said you should buy the break out. wrong. absolutely wrong on that we are back here. i think it's vulnerable going into earnings. the story about the x losing scare and the 8 and 7 gaining share, i think that has legs the risk to me is the downside here i think you can break lower. so i would just stay away from it all together. >> isn't apple the tech market, basically? >> it's certainly -- it is going to break. >> it is a proxy play. it has been a lager to the cues the last couple of weeks, also a major outperformer i think the stock is well supported around $160. i think that's a heavily you

start to get interested. i agree with david this is actually a period that despite the extended refresh cycle here, this is not the two or three -- this is not the two quarters you want to own apple historically. >> time for the final trade. >> already >> friday show let's go around the horn tim. >> i'm ready today i sold some steel. it has been a great run. taking a lib of profits. why not. u.s. steel sold. >> brian kelly >> well, if the you think las vegas isn't dead and you want to play some of the other ones, take a look at mgm maybe that's the way the play this trade these days. >> david seeberg. >> gilead. sticking with the biotech thing. long, gilead >> what show is come up next >> "options action." >> 5:30 every friday >> dan nathan, mike khouw, carter bronx ton i'm going to see the eminem guy with dan nathan. he asked me to go.

♪ please stand up. >> they won't let new if you do that >> it's on the board netflix. >> does it for us here on fast we will catch you monday at 5:00 for remo fast. as guy mentioned, option actions starts right after this break. let's begin.

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hey there. we are live at the nasdaq market site the guys are getting ready behind me. while they are doing that. here's what's coming up on the show. >> life all comes down to a few moments. >> tech's big moment is next week with a number of huge earnings we'll give you the one name options traders see as a must own. plus, biotech is breaking outs and there is something in the charts that suggest it could go even higher next week. we'll break it down. and -- boeing shares are doing something th