seema: thank you, mike. jody, let me turn to you and see if you have any thoughts on what mike said especially any comparatives to the work you've done on the criminal justice system and prosecution and relationships with law enforcement. jody: yeah, well, we have to be clear that when we have -- we call on law enforcement to intervene in a situation like you're describing and you're oping they'll intervene in a beneficent way that a lot of times you're calling on a punitive expression from the state, because a lot of what's happening on the street with handcuffs and aut matich weapons is often a kind of punitive take on, for example, downtown on skid row. right around the corner from here on -- in 2006 we started the safer cities initiative. the city of l.a. deployed an additional 80 officers in the nickel making l.a. one of the most heavily policed neighborhoods, the most heavily policed urban air why in the nation. and at the time they were doing that, they were under a consent decree that said you had to

seema mody joining us with more on this intriguing story. >> brian, nearly $400 million lost in stolen from sales of new digital coins. that's the takeaway from this jaw-dropping earnest and jung report which analysts over 370 initial coin offerings researchers point out the typical ico has no customers, no revenue, and in most cases, no working product. plus, different countries have varying levels of restrictions for ico. a growing number of start-ups are citing total ico proceeds are approaching $4 billion, that's twice the volume of venture capitalist investments notable investors have joined the craze, sequoia capital, mark cuban have participated in rounds, which some say lends credibility to this controversial fund-raising method the market is now earrigerly

>> thank you, seema.el, any thoughts here >> i would just say broadly this is maybe an m&a starting gun a lot of people have talked about that >> people have said that the at&t/time warner deal review that's going on right now would put a freeze to any further combinations until people see what the outcome is. >> right. >> grachnted this is a report, could be at the early stages do you think that's putting a chill on things or no? >> there's a bias that the market wants to believe m&a is right. across a lot of different industries this could happen you have relatively strong market prices and, you know, this consolidation, sort of beckoning. i markthink the market is goingo respond to this positively. >> these particular companies, there is not one that is a very broad distributor of broadband services and, therefore, of the cable bundle if that's where it differs from at&t/time warner, any other potential combinations, it's basically a bunch of networks and old television stations you would put together

back to you, melissa >> thank you very much, seema mody is ripple the next big breakout coin if so, howo you even buy it? our very own crypto baller bk is here to tell you exactly how to do just that bk >> yeah, sure. ripple has been on an absolute tear just to add to what seema talked about, what ripple really is going after is the swift network or international payment transfers. what you're talking about here is an upgrade of the international financial system that's a very big market that's why people are excited about it let's figure out how do we buy this here. i'm on the website, you can see over on this side, here is all the trades that are going on remember, cryptocurrencies trade 24/7, this market never sleeps so we have ripple, you can see these big moves. now let's scroll down to the order page, okay so you can see, i can buy ripple, i can sell ripple. here is all my buy orders right down here, here is all my sell orders they're a little bit backwards for you old school market folks, it's going to drive you crazy like it drives bk, but it doesn't matter i've got some btc, i

. >> i'm seema mody in for sara eisen.ood morning to you. >> good morning to you live pictures of norfolk, virginia where the snow is falling hard right now more on the blizzard in just a moment we'll get out to various reporters to keep you updated. first a quick check on the global market picture. futures coming off a day where we saw record highs and record closes for all three main indices. the russell and the transports as well. the dow is up 0.4. the s&p up 0.6 nasdaq up 0.8% we're looking at another good open the dow higher by 55 points. nasdaq 13. s&p by 2 the nasdaq is already up 2.4% this week. it's only been a short week. tech very much kicking off the year in the same vain it performed for most of 2017 a look at european trade that's higher again today. we're looking at the ten-year. my apologies 2.47 the yield there >> all right speaking of markets overseas, look at asia a strong session overnight with the japanese nikkei gaining over 3% the best one-day performance over a year, in the past year. analysts are

>> thank you, seema.modi. >>> now let's get to other big stories of the day in our rapid recap. >>> as the month heads into the home stretch, s&p the best. >> a dr. pepper/snapple and keurig/green mountain are merging. this transaction worth about $11 billion in what they're calling combined pro forma revenues. >> it's for our consumers, our partners we talk about being a total beverage solution. this was the perfect avenue to take us to where we're not only in cold beverages but also in hot beverages. >> the board of directors of wynn resorts is launching its own investigation into the allegations against steve wynn. >> republican national committee now has accepted steve wynn's resignation as finance chair. >> apple shares cutting iphone production in half, according to japan's nikkei news service. >> sources are telling me it's possible dell will consider a reverse merger with vmware. >> the action is really in the bond market today where yields are soaring. the two-year at its highest level since the

. >> reporter: good morning, seema. so we've got the south korean government sort of hoping to go yongd the winter olympic games but given the timing of it all because we only have one month to go till next month's winter games, i think tomorrow's talks could be quite limited to discussing logistics and security for north korean athletes participation in the giems. the crucial question is what does south korea want and of course what does north korea end of asking for this kind of overture south korea will be leading the south korean delegation in talks tomorrow this is warning that some of the issues of mutual interests such as easing military tensions between the two koreas and the reunion of a separated family could come up in these talks, but of course though it's been getting a lot of reaction out of washington, as well, with u.s. president donald trump saying talks are a good thing and he supports them 100% take a listen. >> right now they're talking olympics it's a start it's a big start if i weren't involved, th

seema mody reports the new currency could gain more buzz this year. >> reporter: with cryptocurrency capturing the attention of investors from wall street to main street, here is what to watch as they go more mainstream in 2018. first, for investors, that means more options to invest in the cryptocurren ecosystem. expect a boom in everything from exchanges to new trading platforms that will make it easier for the everyday investor to get exposure to cryptocurren witho owning the underlying coin. second, expect bitcoin's rise to be challenged by alternative coins. bitcoin's rapid rise has given birth to over 1300 digital currencies as bitcoin gets more expensive. traders are looking to its competitors for opportunity. watch ethereum, ripple, and litecoin, which live on blockchain but offer different functionality than bitcoin. the sec has a newly-midnight cyber unit that's tasked with finding bad actors that are using digital currencies for money laundering and funding terrorist activities. regulations could ultimately add more credibility to the space, and perhaps even pave the way f

seema mody takes a look. >> rep bitcoin conti to fall on growing concerns that china and south korea, two of the largest bitcoin markets, will ban residents from trading the crypto currency. latest warning came from south korea's finance minister, who said banning crypto currencies is an option on the table due to concerns over tax evasion. further regulation is not being welcomed by all. citizens in south korea, over 200,000 of them have signed an online petition asking the korean government to not limit trading as they see value in crypto currencies south korea was one of the first countries to embrace digital current sees and it currently accounts for a significant n of trading in bitcoin. citizens writing you may think you are protecting the public but we citizens think that the government stealing our dream. et cetera a not just asia that is trying to crack down on crypto currencies. france's finance minister says he is launching a specific task force that will look into weather individuals are using crypto curs for tax evasion. a topic that got attention here in the united state

. >> i'm seema mody. good morning to you. >> good morning to you let's get to the global market picture. let's look at a start to the year which has been the best start to the s&p since 2003. the first nine trading days of the year up 4.2% on friday the dow was up 0.9 the other two indices up 0.7%. week to date about 1.5% to 2% of gains. this morning, as you can see, resoundingly positive start in the premarket. dow up 271 points. the s&p up just 14 the nasdaq up 38 very much the dow surging higher this morning ten-year treasury note for you which has been in focus, last week yields rose in lieu of international yields rising at the start of the week, but then gave up some of that gain towards the back half of last week we're at 2.53% we got very close to 2.6 early part of last week. look at the mood in asia the nikkei at a fresh 27-year high, up 1% in today's trade hang seng closing actually at a record high, 31,904. stocks there up 1.8% the shanghai composite up 0.8% south korea seeing gains of a simila

i'm seema mody alongside wilfred frost.look at markets futures pointing to a higher open dow up 30 points in the premarket trade. nasdaq higher by 7 s&p 500 up by 1 point. yesterday the dow did manage to hit a fresh all-time intraday high a look at the bond market which will get some attention today. breaking 2.5, or trading at 2.5. the ten-year note below that level, but it was at 2.5 a few moments ago. >> it was bang-on it >> it sure was >>> many americans may be dreaming of the warm sun and surf after being cooped up during the deep freeze that hit much of the country over the past week. could an uptick in vacation bookings give a boost to the travel and leisure sector. joining us is patrick shoals, lodging and leisure analyst at sun trust equity research. good morning help us understand what does cold weather mean for the cruise players? do people want to take a cruise when it's outside? >> no, they want to take a cruise you hit on a hot topic at the moment and we're in what's called wave season which is the heavy booki

guys, i'll send it back to you. >> seema, thank you very much.erful gop senator now demanding answers from apple in a letter to ceo tim cook, the third ranking republican commerce committee chair john thune looking for answers to apple's self-admitted practice of slowing down those older iphones. chairman thune joins us first this morning on cnbc mr. chairman, good to have you with us, thanks for the time. >> thanks, carl, good morning. >> i guess the question is, what are your key questions and what has the response been from the company? >> we're hoping to get a response from the company. basically it's to find out exactly what they are doing, how they are informing consumers about this as you noted they have acknowledged they have been slowing processing speeds with a purpose, at least stated purpose, of prolonging battery life part of the thing we want to get at is the transparency issue if they deny they are engaging in planned obsolescence, forcing people to buy the next phone, we want to make sure through our role's oversight that's true s

>> thank you so much, seema mody why is ethereum so hot ♪ age the aquarius ♪ >> take it away, bk. >>why does any asset class get going? there's a lot of different moving parts to that ethereum has a lot of development on it. i want to point out one thing that i noticed since the first of the year. ethereum has been a big performer. what do we have here why since the first of the year do i think there's been a driver we have a software upgrade those of you who know what's going on, it's the casper net came out on january. it's the first step toward moving away from energy intensive mining we've all read the articles about bitcoin mining takes so much energy, it's a small country, there's a potential for a mining ban in china. with the casper upgrade, ethereum will be able to move or start to move in the direction of what's called proof of stake. i don't need all those big energy intensive miners if i use proof of stake so number three, we talked about the potential mining ban as ethereum moves towards this, the value of not having to rely on miners becomes more valuable. i think that'

. >>> let's get to seema mody at post 9 with the european close hey, seema >> european stocks are mixeday, but check out the pop in the euro ecb releasing minutes from the mid-december meeting they indicate they are ending the bond-buying program, pointing out self sustaining economic expansion there is data out today showing economic growth in germany, which hit a six-year high in 2017 then the part of this economic is inflation, still below the ecb mandate of 2%. something to keep in mind. a tough day for the uk retailers out with their holiday season results. tesco raised almost 2%, but forecast for dvds and computer games offset sales marks and spencer saw declines in the christmas quarter also off to a slow start due to unreasonably cold weather in october. sainesbury with upbeat results for the week denmark's pandora among the retail laggards saying it expects profit margins to decline over the next few years due in part to a challenging environment in the united states uk home builders also in the red today, led by barratt, which reported flat sales, stock down nearly 3%. on the

all right, let's get to seema with the european close. seema?ocks building on positive starts this year, retail sales much higher than anticipated, portugal the standout, highlighting the european consumer is spending money on retail during today's session, the stock 600 index at its highest level since august of 2015 and hit a new 52-week high for the first time in two months once again, autos are extending last week's gains, a 32-month high on optimism about prospects for car makers volkswagon among the highest, the biggest winners in a driver-less car partnership. that stock up 1% on the flip side, uk software company micro focus tumbling and weighing on the ftse, saying it sees a decline on disappointing sales from assets acquired from hewlett-packard. that stock down 17%. also dialogue semiconductor giving up gains despite preliminary fourth quarter sales. dialogue has been plagued by fears it could lose apple as a customer the stock down 0.8 of a percent. novo nordisk making a bid to acquire ablynx for $3.1 billion, but ablynx rejected the

seema?ht, europe is adding momentum to the global rally, on track for its best weekly performance since may of last year, though the latest inflation numbers did disappoint traders say it's the optimis surrounding europe's growth picture in 2018. germany the standout, deutsche bank shares plunging after announcing it will take a 1.5 billion euro hit due to the u.s. tax reform law deutsche adding that trading operations in the period were characterized billow volatility in financial markets that stock down 5% the german dax is breaking a three-week losing streak with a gain of nearly 3%. france falling close behind, while the ftse is yet another record high above 7,700. europe's auto makers continuing to rally, fiat chrysler receiving expectations all gains between 2% to 4% in fact, the stocks auto parts index posting its best weekly gain since july of 2016, up around 5% for the week meantime, the london telegraph reporting that amazon has held talks over the uk tv rights to the premier leagu

seema, who will end up with the short end of the stick in this mess?you think nine or ten months from now voters will have completely forgotten about it come mid-terms? >> i don't think we know yet, we'll see if the government shutdown continues, we'll see how voters feel about this, how constituents feel about this, as they see pictures of shuttered parks, et cetera. the elections are a lifetime away. unless this goes on for an unprecedented amount of time, it's hard to see this being an issue next november. but -- and especially with the way the news cycle has been going with this administration where there's so much news every day, every week, every hour. it's hard to see this being an issue next november. >> did the shutdown have to happen, sarah? was it unavoidable? >> absolutely not. i don't think a shutdown is ever unavoidable if both sides are truly motivated to keep the government open. they could have both made conessentials. this exact situation is why the white house and republicans have been fighting since december to uncouple daca negotia

seema mody has more. >> reporter: hi, melissa a group of experts say bitcoin is headed higher in 2018hose forecasts are contingent on certain things happening. bespoke investments sees bitcoin trading in the 30 to $40,000 range if certain upgrades are made including a lightning network which they say will improve bitcoin trade. if it doesn't, bitcoin could drop below 10,000. fundst fundstrat predicts the surgery in activity will continue. aside from the cboe and cme futures, nasdaq is expected to unveil its bitcoin contract in the next three months. that could increase the pool of investors. the other forecast is from blockchain capital's spencer bogart, who sees north of $20,000 if millenials open accounts, although he sees bitcoin surpassing $50,000 if both retail and institutional investors buy into the cryptocurrency in 2018 we'll all be focused, melissa, on where bitcoin goes here don't dismiss the second tier cryptocurrencies which are quickly catching up in value ripple surpassing ethereum with a market cap of $114 billion back to you. >> thank you very much, seema mody one of

[laughter] scarlet: our thanks to see mahendra romney -- seema h ingorani and margaret powell. would mean for investors in the media world. this is bloomberg. ♪ we use our phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and now, get a $200 prepaid card when you buy an iphone. it's a new kind of network designed to save you money. call, visit, or go to xfnitymobile.com. scarlet: 3:00 p.m. in new york, 12:00 p.m. in sentence scope, i am julie hyman in for julia kelly. scarlet: i am scarlet fu. welcome to "bloomberg markets." we are live in bloomberg world headquarters in new york. over the next hour, here are the top stories we are covering on the bloomberg and around the world. lachlan murdoch is once again seen as the heir apparent. no chip on its shoulder -- intel's upbeat forecast uses in

. >> i'm seema mody in for sara eisen today.ood morning to you. >> good morning to you let's check in on the global market peicture this morning. a day of gains, up slightly resounding week to kick off the year it looks like it will continue the dow up 61 points nasdaq 23. s&p up 5 in premarket trade. yesterday financials played catch up having lagged the market for most of the week. but for the week as a whole, energy the clear winner with oil prices rising. that sector up 4% in the s&p ten-year treasury note for youful yieyou. we started the week in the low 2.4s, ending at 2.456. >> the 1,000-point run we've seen in the dow is the fastest in history look at asian equities, japan seeing its biggest one-day gain in over a year you can see here on friday closing higher by nearly 1%. softer gains in hoping congress and china, but still stocks there moving to the upside the kospi up better than 1% on the day. in europe, the ftse 100 trading at another record high surpassing 7,700 up 0.3%. >> on the eurozone point, cpi inflation 1.4

. >> i'm seema mody in for sara eisen. >> great to have you here. let's get straight to the global market picture futures, after a day when we saw the nasdaq and s&p slightly lower, the dow slightly higher, we are expecting all three indexes to open higher today 64 points for the dow. the s&p five nasdaq up about 26 points. ten-year treasury note for you, around the mid 2.6 level 2.65 or so today 2.643. >> treasury secretary steve mnuchin will speak in davos in just a minute. so far today he appears to be playing down comments he made on the dollar yesterday speaking at a briefing in davos today, mnuchin said the u.s. is not concerned with where the dollar is in the short-term. yesterday he suggested that a weaker dollar is good for trade. today he said those remarks were balanced and consistent with what he said before. mnuchin said we're not concerned with where the dollar is in the short-term, there are advantages and disadvantages of where the dollar is in the short-term. he saadded in the long-term the dollar strength reflects the u.s. economy

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

seema mody >>> general electric is not performing in today's raly it is off of the earlier lows. is considering breaking itself apart after disclosing a $6.2 billion writedown in the legacy insurance business for the fourth quarter david faber joins us now with more >> you know, this is a historic day. it started, of course with, this news that morgan just referenced, the $6.2 billion after tax gap charge the company is taking for insurance liabilities, this relates to the long term care book of insurance. it's in runoff but it is causing them a lot more pain than you anticipated or they anticipated certainly back in -- legality's call it '06 when they decided to keep it on the books but that news is now overshadowed by what took place on a conference call to discuss those insurance charges. but really what now represents the first time in the long and storied history of ge as the best known conglomerate by far of a ceo of that company saying we are considering taking it apart. take a listen to chairman and ceo john flannery on that call earlier speaking specifically about the po

carl, i'll send it back to you >> all right sue, thank you very much >>> let's get over to seema modyine with the european close >> a mixed session for europe. the broader market hits the highest levels since 2015. in germany, the dax is at a record high on this relentless string of strong data. this time german economic sentiment rising better than expected but check out the moving currencies that is getting a lot of attention. the uk pound hitting 140 that is the first time since the immediate aftermath of the 2016 brexit vote. not only is it the weakness in the dollar playing a role, there is optimism for the uk to exit from the eu. truchl trump expected to meet the prime minister in davos. regulators say 20 th century fox is going to take over sky. the regulators added they're open to possible remedies including a spinoff of sky's news channel sky is moving higher today by around 2%. and a couple of standout stocks in europe. easy jet posting upbeat first quarter sales and says the current quarter is strong and then there is french retail giant carrefour. they plan to cut jobs, in

let's get to seema mody. >> hello, carl european stocks finishing the week on a positive note, and samefor the euro, which is now at a three-year high against the dollar after german chancellor angela merkel and her conservative bloc struck a deal with the social democrats to open coalition talks earlier today in berlin merkel hailed the breakthrough as a new dawn for europe. her failure to form a coalition government caused a lot of uncertainty since the german election took place back in september. that hitting the markets specifically in the currency world. let's is switch to stocks, as a result of a new tax law in the u.s., fiat chrysler will invest more than $1 billion to modernize its truck plant in michigan, adding 2,500 jobs. fiat also announcing $2,000 bonuses for tens of thousands of employees in the u.s we should point out the carmaker joined the list of european companies that have spoken on the tax law. oil giants bp and shell expecting a positive impact, despite big fourth quarter charges. deutsche bank and credit suites sees a net loss in 2017. puma down sharply after its

it's pretty cool compared to where they were three or four years ago. >> thank you, seema mody in the newsroom what do you think of solar >> i have one position in the space, solar edge, in the inverter business. potentially a little bit of pricing pressure there a couple of years ago, oil fell out of bed, the solar trade completely died. i'm surprised they weren't as hurt by the tax bill as they could have been, it could have been worse >>> options traders are betting on a golden rally for one solar stock. let's get to mike khouw in austin, texas, where things are looking pretty hot >> dude. >> looking to harness the power of options, four times average daily volume today acquirers of the january 75 calls, buyers of those are making bullish bets that the rally will continue and first solar can top $77 by the end of next week. possibly some of that related to news that trump might put on protectionist policies >> mike, are those blue blockers >> these bad boys are oakley right here >> of course they are. that must be a black light poster from your bedroom behind you. >> he's doing the

seema?rl, european stocks continue to participate in this global rally, extending their daily winning streak to five on optimism about growth. the ftse, in fact, hovering around its all-time closing high now, earlier in the session, the broader market stock 600 index surpassed 400 for the first time since mid-2015 so far the index is up 2.5% this year lt is one stock in focus, the biggest gainer, announcing plans to spin off its u.s. unit and revamp its european business altice said if the core of the strategy is an operational and financial turnaround in france and portugal keep in mind, altice's founder and controlling shareholder shook up his executive team, that stock up almost 11% in today's trade. let's talk retail. uk retailers are helping lead the ftse 100 higher today. the supermarket chain is getting a lift after getting better than expected holiday sales sainesbury also rising on the news all due to holiday sales updates this week. be sure to watch out for that. in the meantime, t

. >> over to seema mody. >> what's so interesting about today is this global equity upswing. 3.5% swingjapan, dow passing 25,000 for the first time ever, and in europe you're seeing big gains across the board a rally of their own as the data shows a rebound in growth for europe the euro zone pmi jumping to levels not seen in seven years the italian markets as you can see up as much as 3% here's why led by fiat chrysler, up sharply in reaction to better than expected u.s. car sales data volkswagon, daimler, and bmw on the back of the stronger auto sales number in the u.s. banks participating on enthusiasm about the euro zone recovery, helping rates move higher, too. it leaves unicredit up among the leaders, up more than 3% deutsche bank and commerce 2015 unrest in iran you can see them leading the pack today's gains in europe, what makes this so interesting, taking place despite the euro and uk pound moving higher the euro is trading at a three-year high, yet european equities still outperforming that is notable. >> thank you very much, seema. appreciate it. >>> let's get to sue herera f

seema, thank you. >>> coming up next, bannon in the hot seat. the former white house chief strategist gets ready to talk to the house intel committee next week as part of their russia investigation, and he is lawyering up. that's coming up. ♪ if you wear a denture, you not only want a clean feeling every day, you want your denture to be stain free. did you know there's a specialty cleanser that's gentle enough for everyday use and cleans better than regular toothpaste? try polident cleanser. it has a four in one cleaning system that kills ten times more odor causing bacteria than regular toothpaste, deep cleans where brushing may miss, helps remove tough stains, and maintains the original color of your dentures when used daily. for a cleaner, fresher, brighter denture, use polident every day. >>> no one gets the bannon firing, no one. >> except me. >> i never said don junior was treasonous. >> yes, you did. >> well, i certainly never said that he cracked like an egg on tv. >> yeah, that sounds exactly like you. >> okay, that does sound like me,

. >> seema mody at the new york stoc stock exchange this happen was bigger than mount goff when you thinkf collapses, this was bigger than that. should you be worried. >> hopefully nobody watching the show lost money on this. what you need to know about this, don't leave coins at an he can change because if you don't hold them in cold storage or in a vault like zappo or gem my, a cold storage solution, if you don't do that, you are vulnerable to losing your coins. it's important to recognize the blockchain didn't get hacked whachlts hacked was the third party website, the exchange. this is why i tell people 1 to 5% of your assets need to be in this and that's about it these things sadly happen. >> i am an average person at home and i own half a bitcoin do i take that and put it in a cold -- >> absolutely. if you own it on coin base you go to the coin base vault, send it to zappo. >> chuck it in the freezer right next to the haggan daz das. >> you do not leave coins on an exchange they are vulnerable to a hack. >> i have no idea what you are talking about. >> i'm thinking about getting liq

>> thank you, seema. seema mody >>> meantime, the nfl is about to get some new/old competition.has more. >> that's right, kelly new, old, however you want to say that, it's the xfl coming back vince mcmahon, the chairman of wwe, he announced today officially that he's bringing the xfl back he went back and got his old trademarks and investing $100 million of his own money not money from the wwe company but vince mcmahon's own money into this league he spoke with media a few minutes ago and answered a lot of questions one thing connecting football and politics here's what he had to say. >> as far as our league is concerned, it will have nothing to do with politics. absolutely nothing and nothing to do with social issues either. we're there to play football >> players like colin kaepernick would be welcome, but players like johnny manziel because they have criminal records, they would not be welcome in his league he said this would be a january or february start, start in the year 2020. he has a couple years to work on it it would be about eight teams, ten games with playoffs and

you're right, this is a whole new front on this battle seema, thank you. >> thanks, seema. >>> 39 minutes left in the trading session. we've had a pause today for the most part after a big week last week the dow right now down about ten points been hugging the unchanged level much of the day. the s&p, the nasdaq and the russell are all positive so they would be in record territory if they closed right there. >> there you go. >>> still ahead with stocks hovering near record highs and corporate buybacks on the rise, the market faces a unique problem. there may not be enough stock to go around. here we go again we'll explain coming up. >>> and caterpillar was the second best dow stock of 2017. cal up about 70% now it just got an important upgrade. e 's up nearly 3% today. sewhy when the "closing bell" comes back in two. we recently had a heart attack. but we are not victims. we are survivors. we are survivors. we are survivors. and now we take brilinta. for people who've been hospitalized for a heart attack. we take brilinta with a baby aspirin. no more than one hundred milligrams... ...as i

for those of you i don't know my name is seema ahmad on the chair of the board of directors for the muslim public affairs counsel. thank you so much for joining us. i'm personally thrilled about the panel discussion we have lined up first for you. i want to be doing very brief introductions for each of our speakers. we will kick it off with a couple of questions and then have a conversation about the issue of policing and national security on one hand and civil rights and civil liberties on the other. immediately to my left is professor jody armour a professor of law at usc teaching torts and criminal law and he has written and spoken to and simply about the criminal justice system, race, mass incarceration and we are really to have the jody, thank you. next to professor jody armour is mike downing former deputy chief of the los angeles police department. mike was with lapd for 35 years recently retired but gave his entire professional career to the department and is a very very special friend of the muslim public affairs counsel and we really appreciate being here today. i'm going to kick

for those of you i don't know my name is seema ahmad on the chair of the board of directors for the muslim public affairs counsel. thank you so much for joining us. i'm personally thrilled about the panel discussion we have lined up first for you. i want to be doing very brief introductions for each of our speakers. we will kick it off with a couple of questions and then have a conversation about the

next to her is administrator seema verna. she is guided healthcare policy and the public and private sector helping to create and implement the first consumer directed medicaid program. she was sworn in as the 15th administrator of the centers for medicare and medicaid services with a commitment to empower patients to take ownership of their healthcare. thank you for joining us. [applause] to start off, i will let kelly and come over and talk about the opiates crisis and what the president and his team is working on to combat this issue that is devastating to so many families in the united states. >> thank you. it's a pleasure to work with you. i appreciate the introduction. this topic can be harrowing and sad. we also feel since it is a nonpartisan issue we feel emboldened that under this president's leadership will be able to tackle the challenges when it comes to the opiate crisis which we call the crisis next-door. that includes prevention and education, law-enforcement a treatment and recovery. those are meant to be tack

. >> lets get to seema mow ddi >> germany is trading at a record high.a look at the indian stock market seeing a gain of 300 points or more, prime minister m modi is kicking off with reform. getting attention this morning president trump announcing those new tariffs on solar panels and washing machine as donald trump's first trade policy whirlpool shares are trading lower by 8% over the past six months we heard from p&g, it beats strong sales and beauty and skin care, olay, that brand there is up to 9% lets move on here and take a look at some of the other stocks moving specifically on the earnings front, you will take a look at -- we did hear from kimberley-clark. we are moving onto cryptocurrency we are seeing that sell off extend boyanother 5% now, the sell off as we have seen in the past not confined to boy bitcoin. an eye opening report found 10% of the $3.7 billion raised in the coins offering have been stolen investors looking to put in more money. carl, reports point out that 25% of ipos have reached their goals in november verses back in june. >

. >> lets get to seema mody this year >> earnings are anticipated to steal the spotlight over 75 s&pflix is a big name. stock is up 60% over the past year thanks to an increase of subscribers. big pharma kicks off with j & j tomorrow and ahead of our report, ge shares is getting downgraded by bank of america, larry lynch. stock is down at 8%. celgene is showing out 9 billion to june know therapeutics. allowing celgene to stay at the forefront at cellular therapy. check out the come back of online travelers after a disappointing third quarter season in case you were wondering, who owns bitcoin, according to this new global chain business count, shows it is millennial non white males own it because it is a growth investment and others say to avoid business -- keep an eye on central bank. bank of japan results out tomorrow ecp is on tap on thursday. >> see seema mody is on the floor lets get to rick santelli. >> you see the chart hovering one base above of what had been a high yield for quite a while from last march. look at boone, getting close to 60 base point but not touching it last

seema mody joining us with more on this intriguing story. >> brian, nearly $400 million lost in stolenles of new digital coins. that's the takeaway from this jaw-dropping earnest and jung report which analysts over 370 initial coin offerings researchers point out the typical ico has no customers, no revenue, and in most cases, no working product. plus, different countries have varying levels of restrictions for ico. a growing number of start-ups are citing total ico proceeds are approaching $4 billion, that's twice the volume of venture capitalist investments notable investors have joined the craze, sequoia capital, mark cuban have participated in rounds, which some say lends credibility to this controversial fund-raising method the market is now earrigerly awaiting telegram's open, looking to raise $1 billion in its own token offering >> seema, thank you. let's get to morgan brennan for a market flash >> shares of norfolk southern are halted i reached out to the company for more they're scheduled to report earnings tomorrow morning, but we will bring you more once we know what this ne

seema mody joins us with the latest. >> hey, meless u lisa. the selloff accelerated after south korea announced that it is drafting a bill to ban all cryptocurrency trading that's when bitcoin broke below 14,000 it's now trading just around 13,500 as investors try to digest the latest warning and those comments from treasury secretary steven mnuchin now, the prospect of further regulation out of south korea hurt ethereon as well. more than 10% is traded in south kore kore korean yuan. it's up 30%. look at ripple while up-to-date still down for the week which has brought forth an interesting discussion about diversifying into different cryptocurrencies and the competition that may pose for bitcoin guys. >> thank you very much, seema. i enjoyed all your questions yesterday when i was at this bitcoin mine in washington state. it struck me when i walked into this room with 1800 servers just humming at full pace it was extraordinary to see visually. >> was it like a warehouse >> it was a warehouse, yeah. it was a warehouse. >> not underground. >> n

. >> i'm seema mody. good morning to

seema mody has details >> reporter: this time it's waste management it says, i didn't lie to the u.s.rate tax plan, the company will distribute $2,000 in 2018 to every north american employee not on a bonus or sales incentive plan that includes hourly and other employees. the company says approximately 34,000 qualified waste management employees could receive the special bonus. kelly? >> 2,000 they're upping the ante. seema, thank you very much >>> kb homes is trading higher after reporting earnings lennar finished the day higher, more of a mixed bag on its earnings report. jack, it was a tough day overall for the builders what exactly is going on with the market here? >> you've got the push and pull of a couple of things. overall, the yield serve is steepening mortgage rates are tied to the ten-year treasury. there's a little bit of concern on the move there, higher in the last couple of days. offsetting that, better than expected orders from both lennar and kb today margins were in line to slightly better the operating trends for builders are still very strong >> but you're also pos

. >> seema thank you.e up 5% as i said they were a little bit off of those highs. >>> how about facebook this is going to be the one to watch. shares were down nearly 5% after that earnings. the call is going the start shortly. down a little more than 4% now the company said recently changes it made to the news feed meant users spent less time on the mainframe. it's time for "fast money" now thank you for joining us on "closing bell. we will see you back here tomorrow for a whole lot more earnings >>> "fast money" starts right now. i'm brian sullivan in once again for melissa. your traders on the desk, tim seymour, guy adami bitcoin under pressure there is something happening this week that could be about to take the crypto to the next level. we have got those details. >>> plus, boeing's epic run rages on and could mean even more trouble for ge. we'll explain the connection. >>> first we have to begin with technology earnings. two behemoths reporting numbers motels ago facebook and microsoft both coming in

. >> in market value >> seema, thank you. seema modi from the crypto desk.he nkba earnings parade marches on tomorrow. we will look at those numbers right after this no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. that more accurately assess a business' chances of success. this is a good investment. she's a good investment. get ready, because we're helping leading companies see it- and see it through-with digital. flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. but prevagen helps your brain with an ingredient originally

. >> thanks seema. for more on the bitcoin comeback and all things bitcoin, let's bring in spencer great the see you again. >> thanks for having me. >> you think what we saw in terms of the selloff, that's a good thing because it shakes out weak hands >> yeah, listen, i wish i could say we are out of the woods right now, but i'm not sure that's the case. bitcoin in 2014 when it fell from $1,000 down to the 300s we saw bumps along the way. that said i would like the hold bitcoin in 2018. but if we think about the rest of the market there are still a lot of coins overpriced. we are seeing many coins that are worth uns of millions and haven't delivered any product. >> you are talking about the coins that once traded for less than a dollar. you think there are uneducated investors grabbing the cheapest coins out there? >> absolutely. that's one of the number one pieces of etched for why this market is not terribly sophisticated at the moment. when you see a strong correlation where people are looking for co

joining me now, seema metah, political reporter for the "los angeles times. " josh dawsey and peter bakerly good to see all three of you. i'll get right to it with you, peter, first. the president saying he's not under investigation or at least that's what he's being told by people surrounding him. is there evidence to suggest that's the case? >> well, what we know is the special counsel is looking at the campaign that donald trump ran. that includes events that involved the president. and we know that he's looking at obstruction issues that involve the president. whether that means the president is under investigation or not, i don't know. that may be a term of art that we're not familiar -- you know, we're not able to answer at this point. but if he weren't feeling the heat from the investigation, he probably wouldn't be so intent on trying to undercut it. we hear him again say over and over again there was no collusion and we hear him talk about how this is a witch hunt and there's nothing there. but the special counsel obviously is not going away. in fact he seems to be intently on ac

seema. >> that is right. bitcoin hit a high to $20,000 near december 18th of 2017, since then, bitcoin has lost about 37% of its value, but not all cryptocurrencies have performed poorly during that same time period, smaller alt coins that have a market cap of less than $3 billion have outperformed. the rai blocks is up about 600%. larger cryptos with market caps of over 10 billion have also done well. stellar a global money transfer system with realtime settlement, it's up 130%. neo a platform which utilized smart contracts like aethereum has posted gains of 97% while ripple is up 80%. etheej rum has been staging a rebound trading next to its all time high. a strategy used by mainstream traders who missed out on the bitcoin rally and are now looking to find the next bitcoin by investing in newer coins that offer similar or even more complex functionality than bitcoin. >> thank you very much. >>> so bk, you own stellar, what's your take >> yeah. i still love stellar. what you see happening is when bitcoin sta

. >> all right sue, thank you very much >>> seema mody is in post nine with the european close. >> hiys. stocks off the highs chip sectors led by apple supplier ams surging after boosting sales guidance and reporting the revenue more than tripled in 2017 now ams rebounding after taking a hit last week on a downgrade tied to concerns about weaker demand for the iphone x. fellow apple suppliers and sd micro rebounding as well so tech one of the best perform willing sectors. take a look at pharma. interesting m & a activity in european pharma. sanofi agreeing to acquire ablynx the global bond selloff also continues. take a look at the german five year yield touching positive territory for the first time since late 2015 on this expectation that central banks will begin unwinding stimulus. and this expectation of this unwinding that has resulted in the euro gaining momentum against the u.s. dollar. yes, slightly lower today. but still up 3% for the year take a look at the uk pound. higher by 4% in 2018 though some analysts saying the trajectory could being complicated by uncertainty around

seema mody is at post nine >> it's a win for german chancellor afrpg chancellor angela merkel she islose to joining into talks. she's been leading without a proper government since september. european financials in focus today, ubs reporting earnings down by $3 billion write down. they're raising the dividend up 8% from last year. speaking of banks, take a look at barclay's moving higher. if t is reporting that hedge funneled tiger global has invested more than $1 billion in the british bank that is a 2.5% stake barclay's struggled to turn around the stock is down about 8% over the past one year. french pharma ferm sanofi buying a biotech company for $11.6 billion. we have seen $170 billion of across border deals between the united states and european companies in 2017. guys, back to you. >> thank you very much when we come back, about 30 minutes to go until that senate vote that could end the shutdown stanford university director of domestic policy lanhee chen joins us to weigh n and the s&p 500 on the track for the best january since 1997 the dow is just about flat a this point "sq