futures upon the one headline. >> yes. >> that things went well today you should be mad at leaf blowers. and they continue tomorrow [beep] didn't leave for good. >> reminder we finished the day you should be mad your neighbor always wants to hang out. higher 0.6% high higher. and you should be mad your smart fridge is unnecessarily complicated. s&p appear nasdaq off the highs that does it for "closing bell." >> "fast money" begins right now. live from the nasdaq market but you're not mad, because you have e*trade which isn't complicated. site overlooking new york city's times square, this is annapolis. their tools make trading quicker and simpler. i'm melissa lye. traders are dan nathan, brian so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. kelly. kaern fiern many tonight pot stocks up in smoke we find out the cannabis crunch plus a kroibt double play. the two headlines getting the attention of bitcoin bulls later basketba backlash, the outlash against the nba in china. we get inclusive reaction from jamaul mash rn trade talks with china wrapping up moments ago and we just heard from president trump. let's get to kayla tausche in dr. konzen with the latest.

>> we just saw the chunz delegation depart the office of the u.s. trade representative en masse every the hours of negotiations the president moments aigt saying it went well. he confirmed he will meet with the chinese top negotiator tomorrow he also answered a question about a possible investigation that he requested china do last week to look into the family of joe biden and possible corruption according to the president that he believes went on there he said it's up to china to look into whatever it wants to. but this is an interesting comment given a wrinkle today. where an outside adviser to the president michael pillsbury at the hudson institute made comments to the financial times saying he raised the issue of the biden was china. later he acknowledged he discussed the bidens with china well back to "fast money." a scene in shanghai china but it was china that brought it up and not a discussion at the earlier today as the brooklyn behest of the president. that's a cloud hanging over any nets took on the lakers.

progress in the talks and tipping off amidst growing whether there is any relation between these two issues backlash in china. here is what the chamber of after the houston rockets commerce expects to happen tomorrow, to give you a little general manager sent a tweet in support of protesters. little detail about the contours chinese opposition to league is of a deal. mounding myron is the president at the the chinese daily newspaperle chamber and meet with the vice titles this wrong move premier said he said expect not a grand slam and this nba log op. more on the backlash from the but a lot of work to do. he expects the october 15th nba yaults, joining us now is jamal mashburn tariffs to be paused or not jamal great to have you here at "fast money. welcome. >> thanks for having me. escalate >> what's your take on all this. he said possibly a currency deal >> well, when i played in the this week that's been under way for months and huawei licenses nba i played under david stern have been a centerpiece around and new adam silver when took trade. that's straight for someone meeting with the top negotiator over knew adam since he was nba in the last 24 hours as the president says things entertainment. they are a pickle. one thing about the nba they are have gone well usually at the forefront much of course mella we're trying to social issues but i don't think they were anticipating this one. prognosticate what we could see this caught them out of left field a bit. and that's a little bit of a lot of money involved. detail to help. >> you mentioned the tariff there is a lot of politics involved but i think adam silver is the escalation on the 15th of best person to handle it october. you how about the december 15th and i think the players are a little bit of a quandary too tranche.

>> that's the holy grail for the because some have marking deals consumer companies that would be swept up in that right before with some of the chinese shoe companies. the holiday. it's interesting in how this unclear how exactly the shakes out not just from the nba standpoint president feels about that that's seen as one of the but from a political landscape. biggest pieces of leverage the >> right the most recent sort of white house has in this political controversy in the situation. but it also could be the biggest world of sports was the kneeling self-inflicted wound controversy. that was really something that's the worry of the generated and kept up by the principles here we don't know players. so it's sort of a different whether that's on the table. circumstance to have the gm of >> kayla wsh thank you the rockets start this whole kayla tausche in washington with thing. do you think the players these the latest on the trade days -- you mentioned the negotiations again trump saying marketing relationships. we had a good negotiation. there is obviously life after guy adami how do you think we the nba that all players these days think about enter the session tomorrow. >> positive clearly. are they savvy enough now to apple tells you about a deal getting done know there are huge and caterpillar was up today as ramifications for tweeting on political issues >> i think you have seen a lot well both stocks indicate something of players not engage in the is done. conversation as of late. people on twitter have been they understand the economics of saying and you've been saying it, understand the business of it and don't want to hurt their the last 16 month president chinese have the resolve brand thp. that's the point they're being careful about what it's been 16 months and there is they say and how they how no deal. position themselves. president trump can speak about listen, they really understand we had a great conversation. there is a huge market in mcto a lot can happen for basketball fans at the end they could absolutely walk away of the day you have to go through china. they don't get the deal they india is emerging market and

want ip is a huge thing africa as well but players are much more savvy. i have no idea the market says all systems are you i think you see guys more go for a trade deal. but into earnings next week and silent until they really understand the issue and get a you wonder and the point i tried to make last night is you wonder little bit of a direction from if we're not really focused on adam silver way way to proceed. the right things >> some said the nba is maybe things are slowing down. maybe the -- you know the differently from a publicly traded company like starbucks euphoria around a deal has gotten us to all-time highs. and the nba doesn't necessarily you get a deal then what, then have to grow, doesn't have to go you rely on earnings quite into china it can foregoe the 10% of frankly i don't think they're revenue it gets in china there. >> in terms of the outline of a what's your view do you think as a former player, skinny zeal with kayla all-timed do you think we need to go to process the myren brill on the new fan base, new and woman. growing fan base to stay would the trade deal trump the relevant. >> i think in order to -- you still have to grow your customer negativity of the third quarter? base at the end of the day the nba in does the uncertainty go away my opinion and i've had stoo. >> no, because i don't know the kind of skinny deal or any type higher ups they are a marketing company essentially and just of deescalation is going to be a happen to be in the brand of short-term positive for the basketball so they have to grow their market we saw over the last 24 hours particular fan base and how the market traded. viewership and streaming and down big in the middle of the night rallied back when things access to content. and live basketball or recorded basketball is some of the best went better you have to think deescalation content there today in game is good.

but it comes to does it give advertising there is benefits on ceos confidence to go out and both sides i think the nba is in the a spend money? do they need to spend money? tough situation. it will be interesting does it lift the uncertainty i don't want to be in adam about what the world looks like? silver's position right now. you know, he is going to earn what europe looks like, brexit his money on this. i don't think it does that >> he is the right guy to do it so to me any rally is simply a jamal but is there a player or group of players sugar high relief rally and then it's a prove it to me type of this is very complicated as you said that the rest of the league market. >> i totally agree takes the cue from i don't know how you can feel good about earnings. if lrn or steph curry makes a i think that earnings that statement will the rest of the company report will be okay, league line up with those guys right? if people are employed >> i think -- well, just like interest rates low any team sport you look at the dwood for industries best player. sometimes the best player is not we saw -- dsh we'll get to it the smartest person in the room. later. delta great quarter, guidance but i think lebron james is one of the smartest in the leg not as good. you cross over from nfl to major that's the story i think we see that over and other. start with the next woke with league baseball. another guy in the froer front the banks. but guy has been right all along is chris paul. the head of the nba players skeptical of a deal. association. he has done great work helping i feel like this this rally is out retired players, current one to be faded because so many times. >> this rally, the one we have players. and also initiating some younger players into the league. now. >> right now. so i think knows guys we have to >> 50% of record highs >> could it be more going if walk hand in step with adam

they announce something good silver to really craft a message. it could but could quickly fall because at the end of the day i think it's bigger than the nba apart. i feel lake every time we do at the end of the day. it happens to be the pawn in all something that seems rash, raise this and they're over there tariffs then they retaliated and pitching and peddling their product. seems like the administration >> jamal let me ask you a tough is-like, wow mike tyson everybody has a plan until they question if you were nike having taken political stances in the get punched in the face. every retaliation is a punch in the face past what would you do? we didn't know that was coming >> i would probably be the i don't love the positioned how retired chairman of the board at we are going in market this high this point and the chance of something ed ride off into the sunset. it's an interesting conversation comprehensive low. because obviously manufacturing the shoes over there, selling small deal. >> i'm not sure this is the best their brand, i was a part of the lens to evaluate the trade discussions. we know the s&p outperformed select team that initiated the firps dream team to almost every major you know international basketball so i do understand the market index, equity index did the last couple years. it's a source of funds magnification of professional same reason the dollar might be sports, especially the nba that's a tough one up and same reason why treasurys i would be more concerned about the brands pull out right now acted well in the u.s. a safety trade aetna, the shoe company, their also obviously the sectors in license, the ten cent, the the s&p that are driving the content provider there last leg i would be more focused on them staples, utilities we sound lake a broken record and how do you severe those

here not -- it's not giving me a lot relationships? or bring the replaces closer to of confidence saying that's the thing that's breaking this you within the framework you market out of in almost two-year both can work in. range here and i think you got to go back >> the headlines of the day, and look at the underperformance jamal hijacked the interview to talking about the nba but you're of small caps, the iwm tracking a business guy you have car dealerships, the russell 2000 did not act particularly well. i think the transports interests in franchising transported act poorly and lately in cannabis there is a lot of stuff under how did you get to that? the surface. the stalling in megacap tech are you using cannabis in any which is growth. form what got you interested. to me amazon guy mentioned >> i hope this comes off earlier in the day when we correct. chatted, red on the day, the this is my new espn with owe is watching you guys. stock is 15% from all-tie highs i have done a lot of research in the cannabis sector. has not confirmed a new high in the s&p all year and looked at it from the but there are a lot of things standpoint of medical appear not acting well. also recreational and where i think i make this point every states go. i live in florida. night if you bought every new high in the s&p since january they have it passed medically 2018, you just didn't get a mash down the road recreational whole heck of a lot for it you got a big draw down over the will be done next two months. i see it as an emerging business i don't like the fact that in that's figuring out how to help april we had a sell off after a minorities participate new high in earnings people of collar and also women same in july what are we doing now? in the industry. skilled labor owning licenses or heading to a new high into q 3

earnings season. cultivation facilities and to me i don't think this is what revolution global, i chose them you want to buy to get a lot of because they are the best torque to the up zblood i'm glad operators. great friend of mine sit -- dan mentioned the wichlt o iwm chairman of the border tony because it's important if you go back to may of this hunter and rk mark desouza a year 14r5 where it bottomed out they' back from there, 145 has been a critical level we tested it last couple of days closed up i think 0.had o 4% they're. operating company. >> i'm looking at the today it's higher in the after fundamentals of business rather than being a endorse are tp i hoursis based on what we heard could care less about the from department but if you want product. i like where cannabis is going to trade the broader market geps something -- and i said this a how it helps people with while. medically. i think 145 in the russell, the i experienced it with my mom iwm is the line in the sand. if she had access to cannabis >> everybody here sounds cautious about any real that maybe her treatment would be different. i've seen players when i play could be reached what was interesting was the not legal at the time use move in treasurys. cannabis for not recre 1.5% decline in tlt. anti-inflammatory. a big rise in the 10-year yield i think there are medical benefits for it. and also it's a business that n and didn't seem commensurate some sort of way. with the half percent rise >> sure. >> capital struggling to get into it because it's not on the across the board. >> and bonds haven't been federal level.

there is opportunity there trading in lock stop with the and revolution -- they have markets for a while which allowed me to sit on the board concerns me. we need an awful lot of demand to help out with retail since i for bonds. have great knowledge of that if you are starting to see kind of a sell off in fl you don't with my papa john stores we have want bond yields to rise for the over 100 stores in ten states. wrong reason if we have strong growth and the along with the car business. they allow me to play on the 10-year yield reflects gdp over operations side, which i love to the next couple years if we have live at. i think that's the more sustainable business model if strong growth great, have rising you do it correctly. >> how is the u.s. consumer yields but if we have rising who yields doing as you read across without a lot of demand. if you have a deal, a lot of businesses like pizza and cars, money is flown into the u.s. as et cetera. >> doing well. we had a struggle with papa dan said because a safe haven, right? john's there a bit you could have money flow to it's trending up europe if we get a better deal comps trending up. car business doing well. you might see money pull out of the bond market, the u.s. equity we see tello sell a lot of trucks in the detroit and kentucky market and flow to european if we got a deal most expect. market we're in the middle of the >> can we walk through that a america with a better read of little bit because a deal with china would the economy. mean greater economic greeting if people are not services cars for europe they are staying home. the upside for europe is great close the checkbook and staying are than here. >> because mcis their biggest on the sideline. if people buy more pizza to feed export mechanic. a family of four that means europe is doing better

china does better. people are not employing out as you might see that flow back to much i read it from that level. there. >> would you buy europe if there and that's why i watch you guys is a china deal. to kind of compare of what i >> i'm always long -- you know know and i don't know. around the world and kind of do my refrp research but -- and so far some of europe that way to me things are doing well has been okay but other parts not as well. always can be improving. germany actually, the index, the i'm a competitor we can be more d. efficient. >> you invest in stocks. an x had a decent year >> i have but i tend to bet on reflects optimism that things myself. bottomed. >> our next guest says forget >> okay good investment. >> yes indeed. >> jamal pleasure speaking with trade. there is something big are to be you thank you for coming buy. focused on morgan stanley chief u.s. equity >> jamal mashburn. >> love him. strategist mike wilson >> what else good to see. >> when i watch -- when the nba >> you thank you. >> bigger than trade. >> you guys are talking about could watch. he was the player of the year in it added fundamental story here going on all year which is the s.e.c. in 93 played in the business cycle rolling over. league average 20 points a game and if i talked to a lot of for the career,ish. >> we can goish. clients, i would say that eight -- people blame trade for >> right there 19.1. 8 oh% of the slowdown and think i round up the business cycle on its own >> even better he is a bright, merit 20% of the slowdown. i'm the other way. smart, engaged thoughtful person that's wonderful to see. our call has been that the so good for jamal, man and the business cycle is 80% of the fact that he watches in show reason why things slow and trade come on. >> makes him even better. is a cherry on top reduced >> 100%.

confidence in taking edge -- for >> you know it's funny i thought the commentary about the what germany it's worse obviously the nba is doing how they should than other parts of the world. but it's not the main driver proceed is important for me this is a sell the news it was a sober manner. the nba checked themselves event era event. there was a lot of ways they it's interesting to hear you could have done a lot of damage talk, some more cautiously that for players, franchise that they should make you are maybe more didn't do but also other the bullish. but i think that's right brands tied in we're in a bear market him talking about it as a chomping around now for 18 marketing organization is months and a rolling bear important. base think about the companies in the u.s. that don't have market access to china whether facebook but some areas hit hard but not or whatever. devastating. this is the next leg of growth in a bear market be bearish. for so many u.s. multinationals we do have to be careful about centsment can stay negative until we a see trough in the it and could go niz abt of the fact that there is 1.2 billion, earnings revisions trough in global indicators that maybe things are bottoming out 500 million watching basketball opinion it's tricky. i think the nba is doing a good i don't see that for another three or six months. job. >> i think it's interesting if our work is clear has been clear nike enters this fray. for 18 months. i don't see that trough until >> they maf. the first quarter. growth market so much at stake. >> this time last year seemed a >> i know, i think nothing at lot of kpasantsy but also the moment seems okay. apartment of optimism despite >> coming un, the s.e.c. rejects rises rates at the time. i don't think anyone foresaw the the last bitcoin etf standing but does that mark the end for 20% peak to trough decline in the u.s. equities. the bulls. now obviously the rate situation plus guy steps up to the plate

with the stock he says about to is different i wonder does that give you a break out give us the name and cushion for what might be, a tell us why it's a home run, modest selloff compared to 20% much more fast coming up - [spokesman] if you've tried college but never finished, last q 4. >> >> i think the chance of a 20% selloff is low we've been adamant because the fed is in a tifrpt place not tightening anymore that cushions the blow the chds will doctorate get again. the last year the market held up until september. the reign why is because the forward year numbers don't come down until the fourth quarter. kaern you mentioned delta. we see a lot that have a fourth quarter of course that happens for other companies. once the forward numbers down we have correction. but not more than 10% at the index level. we think all the risk is in a few areas. primarily in the growth stocks within the u.s because that's the area that has been treated as a protected piecis along with defensive stocks in the economic slowdown. i think that's incorrect mean meaning defensive stocks trade well in a slowdown they should because they are bond

proxies and defensive but growth are cyclical and a lot of are cyclical i think we see that now and those stocks could go down 20%, 30%. >> valuations of the defensive sectors do they worry you when you talk about utilities and levels and valuations? i mean, isn't this just as (group cheering) snhu lets you transfer up to 90 credits dangerous as the groengt stocks toward you bachelor's degree. could be. >> it's a great question - [woman] it doesn't matter how old you are, they are not at this stage of you can do it, you can finish. the cycle. we're of the view that in july when the market figured out the - [spokesman] finish your degree at snhu.edu fed was cutting rates, that that that was a transition from late cycle to end of cycle. and so we made a call that we said, okay now the momentum part of the trade has been defensives and growth together. that's now going to split. the defensive will outperform the growth stocks. that's what's been happening the market is confirming our view it's end of cycle the defense he was will stay expensive until the yield curve starts to resteepen and the fed gets in front of it and people really acknowledge that there is a recession coming and that earnings have to come down more. once that happens, then the defensive will be very

vulnerable. >> what wouv to see to make you think already there are a few more innings left in the cycle of expansion. >> i'll tell you it's getting harder i just don't -- i don't know what that would have pb. some sort of exoxygennous fiscal stimulus from germany or another part of the world. it's not coming from the united states i don't think it's tomorrow. i don't think that they're going to roll back, okay the tariffs already in place if they were to do that and they said okay we're going to roll back the tariffs of september, roll back the tariffs we did in july, now maybe that could gin up animal spirits one more time. but i don't think that's happening tomorrow but i have no idea what's happening tomorrow. >> the fed seems to have dampened volatility in the equities market. about but the u.s. bond market, the biggest bond market on the planet volatility has been historic in terms of percentage moves. 3.15%. down to 147 backup down to 0.182. is thevilleville tilt in the bond market scary for u.s.

equities. >> it's a dampener for how much welcome back to "fast risk you can hold. money. we talked basketball one of the things cited all the let's talk basebal time is institutional investors exposures have come down oolts bay squaurps off against houston retail investors are heavily in in winner take all of the alds cash let's talk about the in the spirit of the big night institutional investor they can't hold as much risk in we decided to have guy adami the environment where you have that volatility in the pricing take to the mound to pitch the next big idea. mechanism for equities what is it. >> before we start, could you so i think lower -- lower yields believe that clayton kershaw is unequivocally positive for gave it up again in the playoffs valueses but the higher volatility has to knock it down a bit. i think stocks are -- i mean last night >> i know unbelievable they are fairly valued given >> but here for the power pitch. what's going on at the index level. the problem again is you have forget about baseball. the areas of excessiveness what's he pitching now i guarantee i'm getting crushed i would choose defensives over on this. growth if i have to choose one. it's 80-20 against >> 27 to 3,000 is the rage. robert half. hri a symbol >> 2,700 to 3 how. a staffing company, are you nuts. >> morgan stanley mike wilson. >> yes however very reasonable inches the point mike makes is strg and right on in terms of if valuation. 14 timed times forward earning you took away china trade would processes. that change anything about the goldman downgraded on valuation. economic back drop for the s&p and the stock cratered on the back of that 500? >> that is the big question. but now valuation makes more

and see whether or not this kind sense. of cyclical downturn is number two, these low unemployment numbers work for inevitable right we know the business cycle hasn't been extinguished rhi. why because a tight labor market it still exists are we seeing people need better people. the natural workings of an and robert hap has all the rorss economy and the trade has to help. exacerbated it this environment works to the if that is the case which benefit. mike -- it's pronen right make number three strong growth in the firm. said that a long time then i think we are headed lower in -- one of the arms that's a and toents matter if the fed counseling company revenue growth over the last cuts rates because you are couple of years it's talking about companies that it extraordinarily strong doesn't matter so much in fact that it's become not going to hire somebody else because rates are down 25 a very -- major part of the backups there is no ceo out revenue stream the stock has gotten crushed there saying money is so tight i i'm showing you a chart. coming into earnings you say to can't hire. >> we have the et dweft lt. yourself, you know, we've had a big move to the downside latest on the develop story in northern california. hundreds of thousands without power we take you this there i don't know what that is. live and the grow backlash but it looks good. that's not the exact chart against the nba in china don't matter we hear from jamaul mash rn on the point is this. what is at risk. it held support lines in terms live from times square in new of valuation it makes sense. york city. and i think going into earnings much more "fast money" right after this whether your beauty routine is 3 steps... in a couple of weeks this is a stock that might surprise. and you might see analyst change

calls. >> so qb guy, quickly is this a short-term trading tall. sentiment bad. you have the catalyst we have kwmt where it is or is this a good opportunity for longer term. >> i love your work on "fast money" on ao that's right. the last time i power punished it was citi. the same call. this is a strict trading call on the back of a catalyst the catalyst coming up to earnings and the fact that i think the analysts might have to change tune. to answer the question, yes. >> time to vote with you buying guy's pitch on rhi. >> bk. >> for me it's don't buy half sell faul. i don't think in this environment it's good for them. >> sell. >> kaern. >> maybe i could get on the board of the trading call but i don't normally trade or 57, i pass that my passing rhi make nature's bounty hair skin and nails step one. it's the number one brand uniquely formulated basketball. >> guy, listen, brother, not for silky hair, glowing skin and healthy nails. just a the the deaf. nature's bounty, because you're better off healthy.

you are getting slayed on twitter, we married mike wilson talk about the business cycle. we look at unemployment at 50-year lows all that stuff where the gains are come i don't see it for that. robert half brothers. >> dan wrote sell before you opened your outh. >> he wrote sell when he walked in. >> yesterday. >> on monday on guy's pitch. >> a clean sweep in terms of passes on the desk but are you at home buying the pitch op rhi vote on the twitter poll on cnbc process coming up two big calls on cryptoand bitcoin baller bk lays out why he thinks it could be a good time no smiles. smile direct getting slammed today. but pgs ohs traders think it beams thwi opportunity to the wait did frowe just win-ners. prouders much more "fast money" right after this at has a truly long-t? everyone uses their phone differently. it begins by being privately owned. that's why xfinity mobile let's you design your own data. with more than 85 years of experience now you can share it between lines. over multiple market cycles. mix with unlimited, and switch it up at anytime

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than half a million customers. this is a utility giants tries to ward off the risk of tedly wierlds. let's get to josh lipton live in berkeley with the latest josh. >> melissa, we are in perk berkeley, california berkeley hills, specifically one of the areas with the power cut off. 4,000 customers had power cut off. in part what's going on here is you had the strong wind which is ripping through the state at peak times today peak wind hit 77-mile-per-hour in some parts of california. that's the concern to pg&e that's the worry that -- and damages the infrastructure and leads to more devastating wildfires that we have seen here they took this step, pg&e, shut off power to hundreds of thousand of customers. of course a customers could be a business or building you could be talk being about as much as 2 million people impacted here in terms of economic cost reaching as much as $2.5 billion. as you mentioned this is come at a critical time for pg&e

you know sought bankrupty protection earlier this year but the judge just stepped in and opened the door at least to this other potential rival bankruptcy protection. that cratered the stock today. you saw that it's now on track for its worst year ever. other companies respond being, tesla for example apparently reaching out to california customers remining them about the importance of charging up. and i'll end here on another utility that's in focus, edison international which is now shut off power to about 13,000 of its commerce that's in southern california. they're without power due to the same extreme wind. guys, back to you. welcome back to "fast money. a rough day for bitcoin bulls as >> josh, thank you in berkeley california the s.e.c. denied approval for let's look at shares of againer another bitcoin backed etf for all the details let's get to ac at soaring this is guy's final trade bob pisani at the nyse. >> it was up big yesterday, 2.5 >> hi, mella, the last bitcoin or 3% today. the point is this is not better etf still standing bit the dust. any time soon. and you know, it's come into the last night the s.e.c. renlted the application for the bitcoin seasonal period where generacp etf from bitwise asset

management, on grounds familiar now that the proposal doesn't this is actually a cherry on top meet standards preventing fraud and manipulation for them, the situation in this is the theme the s.e.c. sounded several times in the last two years california first it's not expense van eau claire, a similar shorts have to cover proposal for a bitcoin etf they report at the end of the month. although it had a huge move withdrew their version last yesterday. month. decent move today. i think there is room on the up so there is two main issues the s.e.c. cited over and over side. >> seasonal being hurricane first is custody where firms season. >> yeah. hold bitcoin on behalf of >> really? clients. and where there's rots of thefts that's french. and break-in in the bitcoin accounts widespread. vremo. that's a problem and the second issue is >> it seems obviously it's predicated on this news. regulation of the exchanges that >> sure. >> you think the business is set the prices for bitcoin maybe better -- just the the s.e.c. has asserted that magnitude of this move. most of the exchanges are >> it's ridiculous. outside the united states and >> it reminds me of sort of we subject to fraud and were talking in the break about the company that made a vaccine manipulation okay so where are we? for the ebola virus. is bitcoin dead in the etf dead? certainly for this year. >> there is now a break. >> you remember the name i couldn't think of it but bitwise's matt hogan made it they have this huge demand for clear that additional filings their product that actually is would be forthcoming to address really hard to fill when there the s.e.c.'s concerns. is giant demand. it gets expense every to try to he said we are pleased with the progress that the industry has philamena demand and increase made and believe that with production really quick. additional research and

the move seems outsize continuing product progress in >> no it has been. the broader echo system the to kaern's point this was a $55 remaining concerns and challenges raised in this order will ultimately be satisfied stock in june. closed pat $86.5 finally on a separate but related issue, the cftc said the move is ridiculous but you have seen this before. things can last longer than you several years the bitcoin is a can stay solvent is the whole commodity and therefore under its jurisdiction thing. i think that's what we are in the midst of now i'm not suggesting it's a thousand the cftc has said ether long-term hold the world's second biggest but into earnings you are seeing people chase. >> where due buy a generator cryptoby capital sigs a commoditiedty as well. >> if you're in generac you. back to you. >> bad news good news for the >> you mean like home depot. cryptoplay. >> on the etf, this used to be a >> i think there is another play, acquainta services, pwr, lot more important the problem the s.e.c. has is they contract and put up wires the huge portion of bitcoin trade something down outside the seems to me that both pg&e and u.s. they are concerned they don't have the view in the markets that being said, there's been edison need new wires and infrastructure that's not an developments you have a companies like exact pure play. there is oil and gas in this fidelity and td ameritrade but it's interesting way to play pushing into the space the idea that electric ultimately you'll by bitcoin in infrastructure in this country needs to be rebuilt. a brokerage account or look like >> all right up next, more on the growing a regular brokerage account. backlash against the nba in i'm less concerned you need a

china. you hear from this guy etf at this point in time. actually i think the second part of what would be said, the cftc for nbas y'all all-star appear saying that ethereum is a commodity is huge for the space. jamal mashburn "fast money" back right after giving regulatory clarity. the cftc now said if you buy buy this >> nice cash. >> you thought i was going to drop it, right >> yeah, i did ♪ bitcoin or smart platform contracts that swrouss commodity. biggest thing i said, what if they ban it? the cftc said we are not banning but regulating it. and the investor case say paut it in the commodity bucket ethereum bitcoin and all the ♪ other smart contract platforms become the commodity for the digital economy. and i think that's huge. i think the market is missing that. >> could you also now have ethereum futures >> and that's -- that's what the cftc future is futures are next. >> isn't that bad for bitcoin. >> there was a lot going on with bitcoin at the time. it's hard to isolate whether or not that was bad for bitcoin i think in this day and age if they were to come out now and bitcoin is at 20,000, right,

when futures came out for bitcoin. in this day and age, i actually think it's a positive for ethereum because the other thing we see is macrofunds starting to buy into the space they like to buy futures we saw today a new product coming out gold versus bitcoin that is pretty interesting too that's demand from mark funds. i talked to the people doing that they're telling me macrofunds want to trade it as digital gold you start to see it it's slower than we thought, the quote unkwoed herd that was trampling is tiptoeing but it's happening. >> all right coming up the big opportunity in one dow name has trader smiling one dow name has♪trader smiling

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>> and you got to stop voting for yourself final trade time bk >> don't ignore what's going on in the gold market

check out newmont mining. >> delta airlines, a little disappointing today, but some of those expenses they can rationalize somewhat and it's cheap i like it. >> dan >> u.s. treasuries getting hit the yield is up a little bit probably room to the downside. i think you buy the tlt pretty soon >> 'stros or tampa bay tonight pick one. >> 'stros. >> amazing into space, as eddie murphy said >> see you back here tomorrow at 5:00 "mad money" starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people make friends. i'm just trying to make you some

money. my job is not just to entertain, but to educate, teach, put it in context. call me, 1-800-743-cnbc. tweet me @jimcramer. we had a nice compliant session today. dow gaining 151 points s&p rising