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tv   Fast Money  CNBC  February 19, 2021 6:00pm-7:00pm EST

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♪♪ welcome back investors we're dedicating a bonus hour to help you find stocks gamestop, apple, neo, virgin galactic and this. >> interest payments old or retro recording artist cashous on his spac dreams and trades what's in the bag? guess how much you're really
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paying >> hey, there, i'm melissa lee jim cramer is off tonight. guy adami, adono, let's get to it palantir up 15%. let get to kate rooney with the details. >> palantir was an active stock and the talk of online trading forums today it was one of the most mentioned companies on reddit and twitter and to give you a little taste what was being talked about, there was a hamilton theme rap about the stock going viral. it was made about a month ago and trending today among the top palantir posts ♪ i got a bag full of palantir shares ♪ ♪ problem is i got a lot of brains but no hair ♪ ♪ i'm starting to pull them out with every doubt, it's unfair ♪ >> you may have heard a
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reference in there to something called dime in hands and if you're not familiar with wall street bets, that means holding on to a stock no matter what there is more serious discussions on reddit. some are skeptical sayiining its just people jumping from the band wagon kathy wood getting mentions before disclosing ark invest flag ship fund bought palantir this week. retailers are known to piggy back on that. >> thanks so much. kate rooney. what do you think of palantir? >> the song was great.
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thanks, melelmelissa. i think a couple things that were catalyst is spending per growth what does that mean? they possibly look to diversify the concentration of revenue that is heavy towards the government side. on the flip side of the coin, that could be a good thing many you have a stable revenue stream with one of the greatest countries in the u.s. backing you and your revenue stream, that could be a great thing. investors for the long material, it's a sexy name a couple clients are into the stock. i'm bullish. there are things that need to be shaken up. it looks good long term. >> guy, i know you've liked palantir, writing wrap songs, dime in hands. it allows virtually every share locked up to be sold. >> well, first, it's just an honor to be with you on this special show i got my clocks a little mixed-up, as you can tell. how come we don't get the fancy playing music for "fast money"
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like this show i'll speak to management in terms of palantir and clearly, kathy wood does, as well palantir was my p hope trade for 2021 the move from 38 to 25 basically em c encompassed that they will try to scale down products for medium sized businesses that will go a long way. christopher at goldman sachs put a $34 price target on it me merwin, tim robins great character. can't wait for the remake "maverick. i think you buy pal antir. >> a new generation will be introduced to "top gun." people like the fact they are investing for the long term, but
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short term investors did not like that reaction at all. >> you're right, melissa and so what we try to do is just what kathy does when there is weakness or when you can see some softness for short period of time, pick it up if you like the long term asset of it. with palantir, $2.8 billion backlog, this is execution under the control of management. it not uncontrollables on their end and we like that type of bet. so just like guy and delano said, this is something you can buy and hold one of the risks has been it is a sexy stock it needs to also get the attention of more core holders and once you do that now that kathy is in, i think you can see this widen to a greater audience of people wanting to invest to the intermediate long term. >> we talk about efg investing a lot in the 5:00 hour delano, i'm curious to get your take because george soros is an
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investor and every opportunity he could sold shares and has broadcasted public lly he would like to share every palantir share he has could that be a strike against palantir ahomongst this crowd of investors more in tune to esg concerns >> i would 100% say clients or proserspective clients bring up that concern they want to be environmentally sound and put their dollars to work if you see a shift of that, are we making sure we're reaching an audience and younger investors very comfortable stating their concerns about what the companies are doing? not specific to palantir but people want their dollars behind companies they believe in for the performance and what they are doing socially, morally is
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super important. >> the p in your hope trade, guy, may not qualify for esg. >> oh, come on cut me a little slack at 6:00 on a friday the p in my hope trade falls into esg in my opinion i'm going to make it the guy esg spac and put palantir on the radar screen, mel? >> for the people concerned about higher valuation stocks at a time when higher interest rates are putting pressure on them, could this fall into that basket >> i mean, i don't think that it falls into the same thing as before looking at apple or adobe or businesses painted with the same brush today this is understanding what they do and believing that the business model is going to compound for investors i think it is a fundamental play and an execution play. i actually think on this one in particular, it's less of an esg
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play. >> palantir happens to be the top stock on analyst that includes tesla, apple, neo and gamestop is up there let look at some of these names. let start off with tesla nadine, where do you stand on tesla? >> tesla is a harder one because it a passion play for a lot of investors, so for those folks who are doing fundamental investing, i think it's less of a focus on this. you know, when we run it through the risk ranges, it actually pretty good now up 11, down seven. it's a volatile stock. you have to be able to call it stomach that type of volatility. that's pretty good odds. in terms of owning it, we don't own it, as an investor, that's obviously something you have to be able to trade around. >> guy >> great go back to may of last year.
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i think it was may 3rd when tesla presplit was trading at an all time high of 703 and elon musk tweeted paraphrasing, being too exp expensive or too high. the stock went down for a day. a week later was north of 800. that told me all i needed to know this is one of kathy woods'. i believe she thinks this is a ten bagger from here and she's probably going to wind up being right. there is going to be pain along the way. that may date taught you everything you need to know about the stock and i think the stock is still buyable at these levels. >> delano, i'm curious where you stand on tesla because i know you hold neo. >> yeah, melissa we also hold tesla i'm kicking myself because i feel like it wasn't in earlier as i should have been looking at the valuation and getting scared off at some points you're holding it for clients, holding it personallyand as
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mentioned prior by the rest of the panel, probably going higher and may be pain along the way but long term realization possible things going down the pipeline for tesla. >> investing in neo is a belief in the market in china, so to borrow a game from the 5:00 show, guy, would you rather tesla or neo as a play on the china evee market? >> that's a great question neo upgraded more at $104 price target the market cap now is more, i think, gm has a $75 billion market cap neo is north of 80 billion ford is probably half of that. i think -- i can't believe i'm about to say this but i think it is neo i think the optionty with neo. despite the fact i like tesla in the would you rather game, which i played better than almost anybody, i think it neo.
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>> i would dispute that but i'll go to nadine you're nodding, i think in agreement with guy, nadine. >> i'm looking at the current trade range on that. it's a 2-1 higher than tesla so, you know, if you're going to be trading it, if you would rather, right? would you rather make money or less money i'd rather make more money i'd buy neo, it's better with the momentum of the stock. >> would you rather make more money or would you rather -- i always wonder all these years i've been wondering. let get to apple, an under performer this week. delano, what do you make of that >> yeah, it's interesting apple is kind of a less sexy name right now. but i think, you know, the under for form performance is over. obviously, you will see share price appreciation obviously, you have for people that want the cash flow and dividends and have the record quarter last quarter with 111
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billion in revenue and that's a blip on the radar for them there is a lot going on. the cash pile. we talk about it every quarter, the large cash pile but for lack of a better term, it like an arm's chess. what can they do with that we saw them rise on electric vehicle opportunity or partnership. so there is different things to be done. that's a very interesting point to look for in the future but i'm long and bullish on apple. >> i want to get to game stop. it the number two stock on swaggy stocks. i'll go to you, guy, in the hearings, kitty, roaring kitty keith gill he is as bullish as ever on gamestop he's still long. what do you think of the story >> what was that in the background. >> meow. >> what dropped that >> the cat. >> if vince gill gets bullish on gamestop, maybe i'll get on board. you know, hello kitty or
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good-bye kitty or good night kitty, i'm sure, listen, good for him. i'm sure he has a fundamental story behind him, but i think we round trip this thing. it started at 12 i think it probably ends there i might with wrong and i'm not saying short this thing because you see where that gets you. i'm hard pressed to believe that the fate of game stop is fund mentally different than it was six months ago. >> i agree but the fact it held on to a certain level, nadine, does that change how you look at the stock at all the fact that it still at 40 after all of this? >> i'll say that we did own it and then once it started going away from fundamentals to just call it power of capital trading, we exited for clients so this is not something that i would put clients in right now, but it doesn't mean you can't trade it i look at it 2-1 but the type of volatility i'm looking at is it could be up 73% or down 40%. those are the types of things. we don't do it we're much more about
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compounding, call it asemimet trick, really understanding the bets we're making and this is not something fund mental. so i agree with guy. for a little bit different reason this is not something i'm playing right now. >> the kitty says there is a fundamental case for it, delano. >> i'm more of a dog person than cat person, but i will say i was on the sidelines on this and it just basically same issues, same sentiments mentioned prior a little bit too volatile for my take and something i'd put investors in and clients in for long term. i was on the sidelines and stayed on the sidelines on this trade. >> no cats were harmed for this segment, by the way. still to come, the new american investor the recording artist and investor that dreams of spacs. he'll join us live check it out ♪ love when the tv give exposur to spacs, i'm noticing that, melissa is sharper than a tact and we know it's a fact ♪
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welcome back to this "fast money" special "the new american investor. there is a program to intervene with video gamers. they have been studying behavior addiction for decades. categorically, it is gambling. of obviously, with this week's hearings with robinhood and gambling, we asked this question broadly, who should be responsible for one's behavior it interesting they are
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launching this as a formal effort, guy, to intervene for people who have problems. >> yeah, we talked about this last night on "fast money" . you brought up a great question. you asked, you know, would you intervene and have similar disclosures on auto lioans or mortgages? you made a great point with mr. pit last night people should be responsible for their actions but with that said, gambling is an addiction and it can absolutely manifest itself into the stock market i think the period of time between march and basically august when professional sports and college sports were on hiatus, people found the stock market for a number of different reasons, not least of which the availability of a robinhood app, maybe dave helped in that capacity, as well. by the way, it's good a lot of people have been acclimated to the stock market and fortunately, some people learn the hard way but that being said, i think for many people,
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this has become another form of gambling because just like you can bet on the knick game tonight on your phone. you can do similar with gamestop and these different names. there is the lines have absolutely been blurred. >> make no mistake, though, i'm sure there are hedge fund traders that are if you call investing or trading an addiction, they might be addicted, too, nadine i don't know where this stops. >> fair point. guy makes a lot of good points here we talked about the upgrade on draft kings, one of my issues with thinking ahead on a stock like that, the research with mgm, people have been locked down for the last year or so and that has exacerbated riskier behaviors, whether you consider that in the stock market you can consider it in other types of behavior like drinking or gambling like this online for e sports and so i think as
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investors, we have to think through obviously there is this social and moral aspect of it but also the reopening play when everyone is getting out and travel and do other things and be in nature are they going to be continuing the same behavior? i'm not so convinced they will. >> i could bring my phone to nature my phone goes to nature. it works in nature let move on here citadel ceo was on "squawk box" saying how the reddit crowd should not be under estimated. >> i will say that it's unclear the power of the reddit community. that will play-off over time as we see them converge around securities, situations and the price impact as a community. the gamestop situation is incredibly unique it was such a shorted stock. there was real potential drivers for change.
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>> in another part of the interview, he says to andrew ross morgan who did that good interview, he said basically, if you operate on the same turf, maybe a grandma won't win but a grandma might see her grandson driving a tesla and say you know what that seems like an interesting company for the future buy tesla and in that case, if the grandmother did that, she would have beaten citadel over the past five years. playing a different game, investors can see future trends, which they may be better at doing. delano, i'm curious to hear your thoughts what people had to say. >> i've been critical of the fast pace day trading from people in my network that i felt didn't have a plan and financial planner and i always want to feel that the people have a plan but i'm walking a lot of that back because one, you can't argue with performance i played football. it doesn't matter if the person
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is the smallest person on the field or the biggest person on the field and if they're out there performing better, they will get more playing time it's not the same thing applies here if we're seeing younger people that are getting invested and trading using different tactics, strategies and they're understanding the risk using their capital to do so and sometimes some case before me, sometimes not performing, i'm on board for that there will be diversions of people that will have time for the stay from home, work from home and other people still want a professional to work with them with long term strategies, i think you'll see a large diverging when it comes to that. >> nadine, you raised your hand. >> i'm for do democracy of trading and i live a couple blocks from robinhood and people traveling thousands of miles picketing out there. not to say what robinhood did or how it run is good or bad but people's lives have been impacted and they necessarily didn't understand what they were doing.
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i think there has to be a look into what is driving this type of behavior. is it right? so again, i'm all for everybody having access, cheap trading and the like but if there are hidden things that make them do things they otherwise weren't aware of, it has to be reviewed. there should be rules around it. i think everyone can agree then let's let everything open up and you'll find an area of investment from a group that maybe didn't have as much power will be really important to understand we also saw that a client asked us can we offer up some of our trading ranges to people outside the firm for that very reason. they do want to take control of the trading and investing but need help to understand how to use some professional tools to make maybe more educated bets and investments. >> coming up on fast money the new american investor, the idea c crypto currency but if something
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is old is cool again, is it retro? we'll explore that. and the rapper cuvee will join us live ♪ we're sick of ipos locking us out ♪ ♪ i'm make a spac what the hell is that ♪ ♪ search and found more ♪ ♪ twitter put me up on most of it ♪
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welcome thio this "fast mony spe special. take a look at that.
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the ecosystem around everything old is new. let's bring in the co-founder of blockify great to have you with us. >> great to see you, melissa. can you describe what you do and how you do it? >> yes, so back in 2017 my co-founder and i realized that in order for the ecosystem of bitcoin and other crypto currencies to grow, both retail investors and institutions would need access to financial products we're trying to bridge traditional finance with crib p crypto and allows investors to send crypto and crash and converted to access interest accounts and on the institutional side, we innovate and create products to make it easier for institutional
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investors to get access to the space through things like the bitcoin trust. >> right i'm curious with bitcoin where it is right now because one of your products is allowing people to borrow against their bitcoin holdings so you don't have to liqu liquidate, you have to make a big purchase you can borrow against your wallet or holdings, have there been more requests for that? is that a booming part of your business as we see bitcoin reach these prices >> yeah, i'm smiling because it's been insane we've had 50% month over month growth just two months in a row and to your point, when people are holding bitcoin, a lot of people have invested really early on and want to access liquidity without selling. that product that allows you to borrow against bitcoin is extremely unique because actually, today banks still don't include crypto currencies as part of your under writing when they look to give you a
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mortgage if you're looking to get liquidity, your options are limited and that's where we come in we've seen growth in the portfolio. it doubled month over month as people look to take advantage. >> how much does it cost what is the rate you pay if you're borrowing against and it does that change depending on the volatility of the coin >> it does depend on the volatility of the coin but as of today, we offer it to the coins with the largest market cap and rates start as low as 4 .5% and go up to around 10% and the thing that's really interesting about the loan product if you're a lending nerd like i am, is we've been lending since january of 2018 and as you mentioned, the price of bitcoin is extremely volatile and we've actually never had a default loss in that entire period because we've been able to manage the portfolio and get access to the liquidity that we need because crypto trades 24/7.
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so it's an amazing product both from the investor side and the retail side. >> so you can't borrow against a d dogecoin wallet? >> i don't think so. some really smart products out there delano you don't want to give that up if you pay tuition or get a home loan. >> for long term holders that want to keep their coins and land or be able to borrow based off of that and the price is volatile but this is that steady interest rate for the bit lender that is interesting. long term for myself, i'm a holder long term and bitcoin as much as progress as previous in this show. this is another area where we see more adoption. the guests say there is adoption and interest from int stitution
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investors. i'm curious how it turns the product and how long term holders see appreciation of them. >> if i'm jamie diamond or bank of america guy, this is an interesting area. >> when you know they absolutely are, b.k., brian kelly that wrote the book on this literally in 2014, he recently said that gold is about a $10 trillion market cap commodity if bitcoin garnered 20% of that, do the math. it got to a trillion today and i can double 50,000 so a lot of people think a 20% market gap of gold, $100,000 coin. anthony the other night said he can see it there at the end of may. my concern is that we've seen significant draw downs over the last few years and probably right to suspect we'll see one again. with that said, 20% of the
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market cap of gold is in the cross hairs. straight ahead on fast money, the new american investor did you order dinner in tonight? do you have any idea how much that delivery service cost you hint, enough for another trade we'll explain and spacs are hot, so hot this artist investor will i join us live next. ♪ ♪ your daily dashboard from fidelity -- a visual snapshot of your investments, key portfolio events, all in one place. because when ion time, you need decision tech.
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welcome back to this "fast money" special the new american
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investor spac madness has taken over wall vote and music, too. spac dreams is the latest song from kacassius cuvee and a millo views on youtube he's a huge fan of mr. guy adami. he mentions your name in the video. >> tremendous. i found out about that through c.q. he added me or something or name dropped. i'm not sure about thelingo. when i saw it, i felt cool i never felt cool in my life guy making fun of bonawyn. that might be the coolest thing that happened to me since started on "fast money" 37 years ago. >> let's bring in the man that made that happen for you, guy,
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cassius cuvee. welcome. >> thank you for having me how are you doing, mel >> what came first, rapping or investing in spacs >> definitely rapping. i'm been making music for a long time i just got into the stock market seriously about a year ago. >> a year ago. what's your u.n. and are you trading on robinhood >> i'm trading on robinhood interactive brokers, yes i started on robinhood robinhood is user friendly at the new investor. >> the song is called "spac dream". >> spacs are your specialty. that's your core portfolio at this point >> so i definitely like to -- go ahead. >> i'm sorry, how big is your portfolio? there was a journal article that said you started with $250,000 and it's doubled, is that right? >> that was just the spac half
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of it. so i've done pretty well it funny everybody jumps right into it. it reminds me of my old song. ♪ everybody is pocket watching nowadays ♪ i'm real diversified. >> i don't think we've had anybody actually sing/rap on the show live before you're a first here in "fast money" history. we've actually been having technically difficulties with cassius unfortunately. we'll try to iron them out he's done well with the spac side of the portfolio. delano, are you invested spacs to come -- >> if we get him back, i'll ask if he'll let me spit four or eight bars for the remix for this particular spac, it's a
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hot name a lot of people ask me about it and i think there is still much out there. it hard to cover all of them but for myself, limited exposure i really want to understand underlying business and what their potential purchase and really understand the business itself so that's the biggest thing for me it's a hot and sexy name i wanted to ask cassius if this is more of a short term play for the younger, newer investors getting in or they see themselves investing in this for a longer period of time. i'd love to hear from cassius on that. >> he's back. >> i'm back. >> what's the oranswer for that? is this short term for you >> no, long term on the ground floor -- >> all right technology is just not working with us for cassius. nadine, are you invested in any sp spacs right now?
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>> we've been heavily invested but you have to understand a little bit about the type of businesses they might be going after, the type of prices they might be willing to pay and therefore it's not any spac at any cost or any price. we have to really understand what we might be getting into. that takes due diligence to sift through and have concentrated bets it's been very good for us and it's not something that i would say that you need to absolutely shy away from but as delano said, it about research on this. not just any spac. >> delano, i don't want to put you on the spot but you put yourself on the spot you said you wanted to rap a few bars for him we're trying to reestablish connection but i know he's listening so if you want to do that now, you're welcome to do that. >> now you put me on the spot. didn't get time to write pen and paper. i really need to write pen and paper. i need to get in tune, light some candles and write my rihyme
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and i'll be back next time i'll have eight bars for you. >> cassius is back on the phone. are you in this for the long term >> definitely long term. i was saying sustainable energy is the future. you know, especially, you know, we're looking at a lot of people asking me about cciv, that's a hot spac right now and i just want to let everybody know, you know, i got diamond hands. you got a diamond in the forehead, i might have get implants in my head because i'm holding, i'm holding forever. >> cciv being the spac that is expected to merge with lucid motors what are other holdings in your portfolio you feel the most conviction about >> i definitely like draft kings. everybody knows i like draft kings. that was the first spac i got when it was still a spac right before the reverse merger. i definitely got that.
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honestly, i'm in so many spaces. i like them preloi i got warrants i got some of the lowest warrants on cciv out of anybody i know i got warrants for a dollar on cciv shares at 965. i'm in that long follow me on twitter, you'll see. >> i am following you on twitter. sounds like you're good at this, cassius. i'm curious where you get your thoughts or if you read a lot. >> well, hon feestly, i watch yu guys on cnbc a lot, mel and on twitter. i follow great accounts on twitter. spac guru, venture investors and a lot of people in the spac community on twitter and they really have a lot of good information, spac tiger. that's one reason i made the song, i'm getting a lot of information and we share and exchange information. >> we love hearing from viewers
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like you cassius and your songs. i'm curious what you're working on next. >> i got a lot of stuff for 2021, appreciate ya asking that. i got a skit i put out, coming to america for the fans of coming to america, check out my youtube page for spaces. if you love coming to apmerica and spacs, it's like the barbershop scene, it's the argument about what is the best spac i appreciate y'all can't nobody ever say nothing bad about you to me. i love you. >> thank you, cassius. you mentioned the spac out of your portfolio, give us a stock pick. >> stock pick? >> yeah. >> boy, you know, i really like the semi conductor space as far as the amount of spac stuff because i think that the future, they will be in everything. >> cassius pleasure, thanks for
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bearing with us through tech in this case -- technical glitches. thank you. >> can i say one more thing? >> sure. >> i'll be donating to charity for every youtube subscriber i get, i'll donate a dollar to charity. i'm trying to get a million. that's a big check for a million dollars to charity. >> thank you for sharing that. cassius cuvee, thank you guy adami, i know you're a fan of "coming to america" actually. >> eddie murphy can read the phone book and i'll watch him do it "coming to america "as a matter of fact, we just rented it from the local blockbuster over the weekend because my daughter never saw it and the sequel coming out will be ridiculous and the barbershop scenes, i can watch on replay. i know you've never seen the movie but you should go to your local blockbuster in new york city, get the movie and popcorn and have a good weekend.
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>> there is one right next to the radioshack the beach body craze is coming to wall street and traders are working on a deal. >> later, time for takeout, it's friday night we're getting hungry could ordering in cost you more than you realize we gucot mh more on this "fast money" special report after this incomparable design makes it beautiful. state of the art technology, makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for thirty six months. . lexperience amazing00 at your lexus dealer. since we founded affirm 8 years ago, and through to this day, our mission has been to build honest financial products that improve lives. we're proud to be putting consumers back in control of their finances without the fear of falling into debt
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you really need to appeal to the masses and right now this is a luxury service at best >> yeah, i mean, if you're paying 58% more that, is a luxury we've got one minute, gene, literally. if i hear about this delivery pass, on some of the platforms, is that worth it to me as a consumer >> it's not. you really at the break even point is four times. it starts making sense at five times. it's just a few dollars a month. and what is most alarming i think is they pitch these as free delivery. it's far from free they get a small charge, $1.50 charge, typically. all these other fees that we talked about really rack up.
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at the end of the day, if you're going to do food delivery, it's going to basically assume it's going to double the cost and you can trade but i wouldn't go and do these passes. about 27% of door dash users and i think it will be hard to grow that above 50% prime is at 80%, 85% of u.s. households not going to get there. >> gene, thank you for opening our eyes >> thank you >> gene munster of loop ventures i don't know if you're ordering, i'm going to walk and pick it up >> i mean, you asked me. you know the chances i wouldn't know how to begin to do door dash come on. if i'm jonesing for a burrito, extra chicken, no beans, i'm getting in my car and i'm driving to my local cmg. that is just the way it works. that is gigi door gash buy that spac, mel >> but we got like 15 seconds. which of these stocks would you
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like if any >> door dash trades to $162. i think it is overpriced at these levels, mel. >> thank you all so much for joining us tonight thank you fo watching the "fast money report." don't go anywhere. the news with shepherd smith starts right now. >> no vaccines for young children until 2022. the new time line from dr. fauci. i'm shepard smith this is the news on cnbc >> the texas power grid. back to normal life on the ground is not. continued outages, boil water warnings, carbon monday oochl yid cases surging as the weather triggers a nationwide backlog of millions of vaccine doses. tieing the storms to climate change. >> we'll all suffer the consequence it's we fail >> the united states rejoins the paris agreement. >> onlin

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