i'm brian sullivan in for scott wapner your top trade this hour a big wave of money getting out of the u.s. stock market in fact, last week saw the biggest outflow in more than two years. why? what does that moan for investors? joining us today, the only three others that are working, joy terranova, jim lebenthal, barbara durant and in boston carrie firestone and in naples, florida, michael farr of farr, miller & washington. energy and telecom are leading the market today technology the lagard. the s&p tech index down about .8 of 1%. energy is up there's a pipeline outage in libya. you saw about 90000 barrels a day being taken off. crude oil at its highest level in two years many of the oil names are up, up and away and the only thing and joe terranova, not to take anything away from this week because the trading is open. the news does flow, but do we read anything into these price actions? >> it's a continuance of what we talked about last week, money flow and that the market looking for opportunities will try to find places in some of the lag yards of 2017 and i think energy lines up

i'm scott wapner our top today, doubling down on the dow and betting on whether blue chips is the best strategy. with us, josh brown, stephanie rink, the brothers najarian are here we begin with the markets today and what's shaping up to be a big toward for the dow jones industrial average pushing yet towards another new high several stocks giving that index a lift boeing with a buyback and verizon gets an upgrade and jpmorgan, goldman, the xlf. >> financial are just ripping. the pharmaceuticals have done pretty well. >> all the stuff i hear about small caps are the place to be with tax reform. >> right. >> you keep hearing that. >> why not the big guys? >> why not i agree with you looking across the desk, most of the people sitting on this desk right now have huge exposure to some of the bigger cap stocks whether it's jpmorgan or citi or bank of america, you name it across the board, scott, what are we seeing, the transparency of the fed and in front of the fed so we have a sense of what the fed is most likely to do and the baton being passed off to powell look at volatility i know we

i'm scott wapner our top trade this hour.stock with the tax vote closing in new questions today about where your money will work best in the months ahead, even as the s&p hits yet another record high with us for the hour today, josh brown, jon najarian, kate moore, blackrock's chief equity strategist and erin brown is here, the head of asset allegation at ubs. market is higher as details of the tax plan rex pected this afternoon. details already trickling out. still a number on questions on whether the republicans have the votes and even

i'm scott wapner our top trade, stocks and the tax plan what the biggest overhaul means to your money as wall street grows even more bullish this hour joining us is joe terranova, jon najarian, carrie firestone and also onset is tony dwyer from toronto as well kevin o'leary, the chairman of o shares etf investments we do begin with the markets, of course stocks on the rebound as you can see, still tracking for five straight weeks of gains on optimism over tax reform that optimism sending the man to my right, tony dwyer, to raise his target for stocks in the new year to 3,100. now you're the top dog now was that the plan? >> no. that's marketing bs. no, that's marketing bs. it's more the methodology of how i get there. for the last six months i've said my 2,800 target for the s&p is too low because you had to implement the tax cuts but without a corporate tax rate, i have no idea what that is. so 21%, that adds 9% to the s&p earnings i'm at 140 for this year, was at 140 so now i'm up to 155 the market is trading at a 20 multiple why should that change so i'm assuming a 20 multiple. i'm

i'm scott wapner the rally and your money and big time target. why s&p 3000 is possible with us for the hour, jim, steve, let's begin with the market, stocks are higher today after that solid jobs report and now a new view from oppenheimer that the s&p 500 will hit 3,000 next year. it's the highest target on the street our question is, is it really reachable? gus brown, pie in the sky forecast or is this legitimate tax liabilities a reduction are lead to margin expansion, share buybacks, 20.5 times multiple as earnings go up and that gets you 3,000 on the s&p. >> i mean, it's not pie in the sky historically, but there's a decent probability that that could happen doesn't mean it will happen or anyone can actually foresee that happening. i think he makes a good case though i thought the note was fairly rational, but think about it, he could have written the same words on the same page and said 21 times or 19 times so the art of the p that goes into p/e multiple is an art. it's not a science it's not math. it's what you think sentiment will be, eve

i'm scott wapner our top trade this hour. high interest with the fed expected to raise interest rates this week. your money and the markets are front and center this hour our question is this is janet yellen's last stand as fed chair and will it mark the beginning of the rend of up. greatest bull markets in memory? with us joe terranova, steve weiss and jim thabeetial and josh brown and also on set is economics reporter steve liesman. stocks are higher. all eyes now tuning to washington this week and the fed's final meeting of 2017. jim lebenthal, the question is this will we look back and say this marked the beginning of the end? >> i don't think so. first off, this particular move is well telegraphed so the market expects it and the question of what will upend this market is any time you see profit growth in any way interrupted, and on that front it's hard to see anything coming up look, you won't have any news until the middle of january or early january when companies start to report and they are more likely to be positiv

i'm scott wapner, and we're live today in los angeles at jeffrey gundlach's double line capital where we'll spend the next hour with the man known as the bond king, a cnbc exclusive and we'll get his thoughts on stocks, bonds, the market, the president and our team of traders is back east joe, josh, jon and pete standing by we'll get them involved in a few moments, but we do begin with the aforementioned jeffrey gunned lach, founder and show of doubleline capital thanks for having us. >> welcome, judge. glad to have you here at doubleline. >> a big day, obviously fed day. new high yet again for the dow surprises today. the fed is going to hike, right? >> of course, the fed is going to hike. the real message of 2017 i think is that this is the year that the fed won. you know, 14 short mondays ago the bond market pricing said, fed, you won't be able to raise three times in 2017. actually before the election it was about a one-half hike is what the bond market was pricing in then the market started to exit late and in late february a couple of fed governor talked about a march hike and t

i'm scott wapner our top trade this hour. taking stock with the tax vote closing in new questions today about where your money will work best in the months ahead, even as the s&p hits yet another record high with us for the hour today, josh brown, jon najarian, kate moore, blackrock's chief equity strategist and erin brown is here, the head of asset allegation at ubs. market is higher as details of the tax plan rex pected this afternoon. details already trickling out. still a number on questions on whether the republicans have the votes and even more debate on where you should be positioned josh, tell me. how do you think the markets are going to react now, assuming this passes as early as next week, according to the president? >> yeah, you know, it's really something. we're now going to get a massive fiscal stimulus which we could have used seven years ago, but we'll get it now, and it's squarely aimed at probably the one area of the economy that needs it the least, corporate profits, but, fine they are going to give it to u

i'm scott wapner our top trade this hour rally on stocks are surging again as the tax plan finishes the near line with dow 25,000 within reach how high can the major averages really climb with us for the hour, joe terranova, josh brown, pete najarian, sneaks's jim cramer host of "mad money" and also with us is mike francesa, the legendary radio host great to have you here. >> my pleasure to be here. i should be getting ready for a show but thrilled to be here i watch you guys every day as i said for years and years as a guy who likes to dabble in this stuff, but i watch you experts all the time and yell at the screen, especially cramer. >> i was going to say thank you for spending the first day of the rest of your life for us. >> looking forward to it for months pleasure to be here. >> you love sports but you love the market really into stocks. >> i had a guy who used to handle all my stuff and now i do a lot of it myself and i learn a lot by watching you guys and i watch religiously. i watch at 7:00 in the morning and him when he first comes on and at 12:00 when i'm getting red for the

i'm scott wapner, and we're live today in los angeles at jeffrey gundlach's double line capital wherell spend the next hour with the man known as the bond king, a cnbc exclusive and we'll get his thoughts on stocks, bonds, the market, the president and our team of traders is back east joe, josh, jon and pete standing

i'm scott wapner the rally and your money and big time target.0 is possible with us for the hour, jim, steve, let's begin with the market, stocks are higher today after that solid jobs report and now a new view from oppenheimer that the s&p 500 will hit 3,000 next year. it's the highest target on the street ou

i'm brian sullivan in for scott wapner once again.our top trade this hour, the battleground for oil $60 a barrel we are there again crude oil has surged 14% in just 90 days, but is this time really for real, or are we in for another drop your halftime team today jon and pete najarian and jim lebenthal. energy the worst performing sector of the day,

jeff sitting down with scott wapner there mike, again, i mean -- it's funny trying to put all the puzzle pieces together. >> yeah. >> of what all -- and it reminds me again of the discussion we had yesterday where, you know, you could argue that the stock market is overvalued or no it's not. you could argue that bond yields are way out of whack historically or maybe -- i mean, it doesn't all totally square here >> no, we don't exactly know exactly whether the historical patterns are playing out as we've come to learn them or if there's something unusual about that cycle look, you know, jeff -- just talking about yes, 55 basis points is now the spread between twos and tens. is 55 basis points today when the two years at 1.8, the same message when it was 55 in the last cycle so all of these things are kind of, you know, unclear as to what they are going to mean >> expresses a percentage. >> bull markets that have run this long, they get to 20 times earnings we got to 20 times earnings. so a lot of these things are tough to necessarily know why they're happening. >> jim, what's your reactio

i'm melissa lee in for scott wapner the top trade, the final countdown. hours left to trade in 2017, the nasdaq is set to do what it's never done, finish where 11 of the 12 months in a year are positive. kathy wood is also here. back to the nasdaq here, it's up 29% this year. te

let's send it over to scott wapner in new york city sitting down with a special guest. t. >> hey there thank you so much. that's right we're joined by marc lasry, chairman and ceo of afternoon capital. good to see you again. >> always a pleasure. >> especially with the markets where they are you were on cnbc almost a year ago to the day december 9th, 2016 you said of the rally and dow 20,000, it's almost like you're on a sugar high. the question is, how long does that continue. okay dow 24,000 what are we on now pounding red bulls >> no, we're actually i think part of it is all the news has been positive. right? when you take a look at the economy, the economy's doing well so everybody's taking all that positive news and just is continuing to buy equities so look, i think it could continue for another six months or a year because everything's good. >> howard barks has been speaking the last couple days. he was at this conference earlier today. at another yesterday he said the easy money has been made do you agree with that. >> easy money has always been made i think when

." >> and welcome to "the halftime report i'm scott wapner, the will markets, your money and the mostx plan in three decades. with us for the how, jim lebenthal, and rich sappersteen is back, the c.o.o. of baron's top financial advisers that tax planis expected to reach the finish line and the house could be voting momentarily. you just saw a live picture there of kevin brady on the floor. we'll keep our eye on that involvement of course, it's a procedural

i'm brian sullivan in for scott wapner your top trade this hour a big wave of money getting out of the. stock market in fact, last week saw the biggest outflow in more than two years. why? what does that moan for investors? joining us today, the only three others that are working, joy terranova, jim lebenthal, barbara durant and in boston carrie firestone and in naples, florida, michael farr of farr, miller & washington. energy and telecom are leading the market today technology the lagard.

i am brian sullivan in for scott wapner today glad to have you with us the strong rally for stocks may two more reasons to surge. one, the final tax package and two, new signs today the american economy is getting even stronger with you for the hour today, i'll call it the triple j, joe terranova, jim levanthal,

i'm scott wapner our top today, doubling down on the dow and betting on whether blue chips is the bests, josh brown, stephanie rink, the brothers najarian are here we begin with the markets today and what's shaping up to be a big toward for the dow jones industrial average pushing yet towards another new high several stocks giving that index a lift boeing with a buyback an

i'm melissa lee in for scott wapner with four hours left to trade in all of 2017, we're talking aboutl become the first -- the world's first trillion dollar company, and the surprising name being mentioned today by m k m partners with us for the hour, jim lebenthal, jon najarian and kevin o'leary. also with us from minneapolis is pete najarian. mkm saying china's alibaba will be the first to $1 trillion beating out apple, microsoft, amazon and facebook. jon, do you buy that >> no, i

i'm brian sullivan in for scott wapner once again. your top trade this hour, the battleground for oil $60 a barrel we are there again crude oil has surged 14% in just 90 days, but is this time really for real, or are we in for another drop your halftime team today jon and pete najarian and jim lebenthal. energy the worst performing sector of the day, the only sector down, not much, but still down utilities, real estate and healthcare are leading the way let us start with oil. here's the thing, pete we've been here before if you're lock oil, you've had your heartbroken a few times. >> yes, i have, indeed. >> is this time different? >> i feel like it is different and the reason i say that we've seen so much options as of late. by the way, yesterday was the lowest volume day in the options for the entire year of 2017 if you exclude some of the half days that we've had. we've seen paper flows very, very indicative of where the directions are going and seen it in energy time and time again and this time the size and the mass in which they

i'm scott wapner our top trade this hour.h interest with the fed expected to raise interest rates this week. your money and the markets are front and center this hour our question is this is janet yellen's last stand as fed chair and will it mark the beginning of the rend of up. greatest bull markets in memory? with us joe terranova, steve weiss and jim thabeetial and josh brown and also on set is economics reporter steve liesman. stocks are higher. all eyes now tuning to

i'm scott wapner facebook face-off.at stock surging 50% this year and one of tech's top performers, how much is really left in that rally one closely followed media firm openly asking the question today is it time to get out? with us for the hour is joe terranova, stephanie link, jon and pete najarian and courtney gibson is here, the president of loop capital and the head of u.s. equities strategy joins us as well from jpmorgan. somebody's p

i'm melissa lee in for scott wapner the top trade, the final countdown. with 10.5 hours left to trade in 2017, the nasdaq is set to do what it's never done, finish where 11 of the 12 months in a year are positive. kathy wood is also here. back to the nasdaq here, it's up 29% this year. tech and semis up more than 35%. take a look at some of the individual nasdaq winners year to date. align technology, take-two interactive, vertex, wynn resorts, micron. you stick with what's working. >> for most of those names, yes. they show growth if they can continue to show that growth absolutely most of these names fundamentally, when you look at, for instance, micron, i don't know whether or not it's certainly a buy or not today, this moment, but when you look at this after it broke through 32.5 it went straight up towards 50 i mean almost every single day yet when you look at the valuation and the growth prospects of this company, they're still very, very compelling so i think there are plenty of opportunities out there, even in some of these names. now, wynn, i lov

i am brian sullivan in for scott wapner today glad to have you with us the strong rally for stocks may get two more reasons to surge. one, the final tax package and two, new signs today the american economy is getting even stronger with you for the hour today, i'll call it the triple j, joe terranova, jim levanthal, rob, and a special guest, cnbc senior contributor larry kudlow your money update very quickly right now. the big cap indexes of your fractionally, not a whole lot. smaller cap names, vis-a-vis the russell 2000 are down very slightly just quickly before we get to larry, john najarian and the overall markets, starting to see a couple of trader notes suggesting maybe this rally might pause a little bit heading into the new year for a few different reasons. your thought on the macro markets. >> sure. you could see that pause that refreshes, brian, and indeed it might be just that but i think a lot of people are very happy with the year they have got so the likelihood they will more or less keep the hands in the boat rather than reaching for something out there, that could be ha

i'm melissa lee in for scott wapner with four hours left to trade in all of 2017, we're talking about who will become the first -- the world's first trillion dollar company, and the surprising name being mentioned today by m k m partners with us for the hour, jim lebenthal, jon najarian and kevin o'leary. also with us from minneapolis is pete najarian. mkm saying china's alibaba will be the first to $1 trillion beating out apple, microsoft, amazon and facebook. jon, do you buy that >> no, i don't. >> why >> i think the logic is reasonable, but i don't buy it i -- i can't plug in the same numbers that they are plugging in but these are really smart people over at mkm, mel. you and i both respect their work a lot, but i think we're going to see apple top 1 trillion long before alibaba does, and then i think it will be another american company that comes right on their heels you mentioned facebook and microsoft. they are both close, and i think boast those could also beat alibaba. >> in terms of the numbers mkm makes the argument that the 720 multiple by 720 and here's the kicker, they p

i'm scott wapner our top trade, your money, your taxes and so many questions on the minds of investorsar winds down. is it now better to sell stocks or simply wait into next year? with us for the hour today, joe terranova, stephanie link, josh brown, pete najarian and mark fisher is here he's the ceo of mbf trading. let's begin with the markets get a slight bounce for the beleaguered tech stocks today. as you see though, the dow has now gone into negative territory, all this am

i'm scott wapner our top trade this hour, rally and rotation stocks surging led by the banks, but it's falling that continues to be a big story for your money today tech is down again raising some serious questions now about whether that sector is firmly out of favor with us for the hour today, joe terranova, josh brown, jim lebenthal and kevin o'leary is back with us today stocks surging higher following the tax vote however, josh, it's the rotation

i'm scott wapner our top trade this hour rally on stocks are surging again as the tax plan finishes ther line with dow 25,000 within reach how high can the major averages really climb with us for the hour, joe terranova, josh brown, pete najarian, sneaks's jim cramer host of "mad money" and also with us is mike francesa, th

i'm scott wapner, our look ahead to 2018 after a stellar year for stocks how far into the new year willue, and where are the best places for your money? with us for the hour, jim dantial, jon najarian and j.j. kinehan, the chief market strategist at t.d. ameritrade. >> thanks for having me. >> the final stretch of 201. under way and investors are starting to look ahead into the new year what a year it's

i'm scott wapner our top trade this hour, rally and rotation stocks surging led by the banks, but it's what is falling that continues to be a big story for your money today tech is down again raising some serious questions now about whether that sector is firmly out of favor with us for the hour today, joe terranova, josh brown, jim lebenthal and kevin o'leary is back with us today stocks surging higher following the tax vote however, josh, it's the rotation out of technology, again, that has us asking the question is tech now firmly out of favor, or is this just a rest and people will come screaming back in. >> so firmly would probably be a bridge too far but out of favor today, sure, and by the way, this looks like a repeat of an episode that we saw on wednesday of last week, so you look at, like, for example, s&p value index, which just breaks out the value stocks within the s&p, up 1.2% and s&p growth up 0.4 or flat. >> this is more than a one-day thing, right >> the banks -- listen. >> this is tech down 3.5% in a week. >> amazon in a 6% drawdown which slashes its year-to-date gain

i'm scott wapner, our look ahead to 2018 after a stellar year for stocks how far into the new year will the rally continue, and where are the best places for your money? with us for the hour, jim dantial, jon najarian and j.j. kinehan, the chief market strategist at t.d. ameritrade. >> thanks for having me. >> the final stretch of 201. under way and investors are starting to look ahead into the new year what a year it's been. dow tracking up nine months in a row. >> unbelieveable >> first time since 1959 s&p same, first time since 1983. nasdaq tracking six months in a row. is next year going to be anywhere near as good as this has been >> that's a really good question, and a think a real financial adviser, somebody that's serious about what they do, take a year like this talking to their clients around this time of the year, the whole job is expectations management that's really the big picture so we're having this conversation and telling people that this was a year you could not have afforded to miss because there aren't going to be a lot of them and it's very rare you would get two o

i'm scott wapner our top trade, stocks and the tax plan what the biggest overhaul means to your moneyrows even more bullish this hour joining us is joe terranova, jon najarian, carrie firestone and also onset is tony dwyer from toronto as well kevin o'leary, the chairman of o shares etf investments we do begin with the

i'm scott wapner facebook face-off. with that stock surging 50% this year and one of tech's top performers, how much is really left in that rally one closely followed media firm openly asking the question today is it time to get out? with us for the hour is joe terranova, stephanie link, jon and pete najarian and courtney gibson is here, the president of loop capital and the head of u.s. equities strategy joins us as well from jpmorgan. somebody's phone there i don't know what that is. wow. >> santa claus is coming down the chimney early. >> it's not me >> maybe they signed that bill it's an alert. >> let's begin with this debate on shares of facebook, okay. up 50%, as we said they are down just a little bit today. moffat nathanson conclude in all things media they wonder whether there's much left in this stock. >> sorry i think there is a lot left. that's me, judge i think there are potential bumps in the road and we know what most of those are european concerns about security and privacy. i think that's among the bigg

." >> and welcome to "the halftime report i'm scott wapner, the will markets, your money and the most sweeping tax plan in three decades. with us for the how, jim lebenthal, and rich sappersteen is back, the c.o.o. of baron's top financial advisers that tax planis expected to reach the finish line and the house could be voting momentarily. you just saw a live picture there of kevin brady on the floor. we'll keep our eye on that involvement of course, it's a procedural revote. it did pass overwhelmingly yesterday 227-203. were expect probably a similar outcome today. we'll keep our eye on everything happening in washington, d.c oh, by the way, the president is expected to speak later this afternoon. we may actually hear from him momentarily as well. our mission today is dwight simple, to figure out what all of this means to your money and what may happen in the months ahead. at least one key person weighing in on that question today, council of economics chair gary cohn who said this earlier >> if you look and what the tax plan is going to do, i don't think that's factored in you can t

i'm scott wapner our top trade, your money, your taxes and so many questions on the minds of investors as the year winds down. is it now better to sell stocks or simply wait into next year? with us for the hour today, joe terranova, stephanie link, josh brown, pete najarian and mark fisher is here he's the ceo of mbf trading. let's begin with the markets get a slight bounce for the beleaguered tech stocks today. as you see though, the dow has now gone into negative territory, all this among more questions about why tech has been so much under pressure of late that rotation coming amid new fears about the impact of the republican tax plan. joe, yesterday we give up 300 dow points today we give up 60 and now we're negative by nearly 20. has this suddenly become a sell the rip market becauseof fears over taxes >> i think that in the tech sector, yes, for the near term, that's probably the strategy longer term i don't know if that's the right play but i do think in tech that's what you want to do you want to sell into strength right now, but, again, that's a very short lived phenomenon, an

. >> i'm scott wapner if for bill griffeth the ceo tells us his side of the story in an exclusive interviewakes it official. confirming its a ing a

i was in a discussion yesterday with scott wapner and we talked about the idea of what still wor worksk this what still works issue is rotating into things that haven't worked out yet. gill from jp morgan recommending scripps, that's the kind of thing, that's working. and what is not working is a reiteration that alphabet is going to have a big year but alphabet is going to have a big year i don't want to sell that. csx has come back nicely from the unfortunate -- >> mr. harrison's death. >> and railroad -- the transports which we always look to are just doing so well. that's a great sign. fedexreports soon. >> i want to see micron tonight. that's going to be important i see the market -- i see new areas go up and it makes me enthusiastic i'm not going to say excited because that makes people feel i've got to take down some blockchain. >> well, you would have been done well to have thought laugh riot blockchain. >> you would be laughing. >> that's the problem. >> right now it's still ha ha. >> for bitcoin, i'm seeing so many people who made money and i always have to tell them the same

. >> i'm scott wapner if for bill griffeth the ceo tells us his side of the story in an exclusive interview coming up. . >>> and apple makes it official. confirming its a ingcquisition shazam is this an artificial intelligence play? we're going to look. >>> what's to buy ahead of tax reform debate on whether airline stocks could be the big beneficiaries of any tax bill. >>> but we do start with the story that's taken wall street, main street, any street, frankly, by storm, and that is bitcoin. bitcoin futures popping in their first full day of trading on the cboe cnbc's bob pisani joining us with that story. bob, everybody is talking about it. >> it is and it's finally happened the good thing is at least trading has happened and relatively orderly we passed 18,000, folks. bitcoin futures opened 6:00 last night eastern time, 15,000, moved up very, very quickly. here you see it's over 18,000. so it's been small, 3,600 contracts, figure the math here. 17,000 p 17,000, 18,000 about $60 million. that's not a lot but it's a start at least here's what's important. let's go over what exactly a futu

scott wapner was there and joins us with the highlights >> reporter: it is a big marquee, would haveall the names on here. thank you. been a good day here the headline of all the investors i spoke to today is this rally isn't over. the only question remains how long are stocks going to continue to run? we did catch up with mark lazry, chairman and ceo of avenue capital. interestingly enough, he was on the network almost one year ago to the day the dow was at 20,000. he likened it then to a sugar high i said if it's a sugar high then, what would you call it now? we've gone up another ,04,000 points on the dow. the question is why? here's marc lasry's answer. >> part of it, all the news has been positive. take a look at the economy, the economy's doing well everybody is taking all that positive news and just is keeping -- continuing to buy equities so, look, i think it could continue for another six months or a year because everything's good. >> reporter: we also managed to catch up with lee cooperman today. he, of course, the chairman and the founder of omega advisers. he called the r

you're on the 5:00 or the noon >> i am on the halftime show with scott wapner, which i know because youow >> all right all right. all right. >> we've enjoyed you on the show as well. >> thank you >> don't lie >> in europe there's -- we're no longer up triple digits. up 93 on the dow the nasdaq up 38 a little less than what we've seen there there's europe, which is green across the board some nice -- pretty nice gains really the dollar i saw was a little bit stronger up versus the euro, and the ten-year backed up a little in yield. we were saying, wow, it's 32 again, and the ten-year is, i don't know -- earlier i saw 238 more so. >> okay. let's get you caught up on today's top stories. here's what's going on we are watching the price of bitcoin because that's what we do it is swinging wildly. we'll show you what's going on the bit stamp exchange right now you can buy it for $14,800. it's even just jumped right. there's two different exchanges. there's multiple exchanges on coin base. it's trading for a bit more right now. we're going to talk much more about crypto currencies in the next