from the nasdaq marketsite overlooking new york city's times squa i'm melissa lee, pete najarian, guy adamy and tonight on fast, if you love bitcoin, this is the show for you first, we're talking to wall street's new crypto king, the first financial institution to open a bit coin trading group and later we're setting down with brett redfearn. these are two interviews you will not want to miss. plus, elon musk winning back the heart of his investors at least for today. tesla posting its best day in more than two years after the ceo described what's been a hellish few months company and we'll u the details and first we start off with the markets the dow surging 230 points and the nasdaq closing at a record and the financials joining the party surging nearly 2%. what is the breakout and the missing ingredient that could take the markets to new heights? >> pete. we w h the banksd withhe ten-yes been almost directly connected and i pointed out something earlier today and i'll say it again. j.p. morgan and the ten-year are identical over the last month. we were down to 277 and we are pushing towa

traders are tim seymour, guy adami. the selloff in full force and one sector traders are betting will get hit harder. plus, not just stocks selling off, the summer of pain for bitcoin continues and a top crypto investor in bitcoin says things will get worse for another 200 days spencer bogart of blockchain capital will be here to explain that >>> first, we start with the market selloff the trade war igniting massive selloff. the dow falling 500 points and nearing correction territory more than half the stocks in the s&p 500 are in a correction but wait a second, with just 30 minutes to go in the trading day, it was the trump administration to the rescue listen to what trade advisor and hawk peter navarro said on the closing bell. >> i think this is a day that -- the momentum traders get ahold of that and drag things done but if you're a long-term investor this economy is going great, this president, tax cuts, deregulation, low energy and good trade policy yielding strong investment here what's not like to like about tha

the traders on the desk of dan nathan, guy adami. don't sweat the stress test. the big things in the green after passing with flying colors but the real hurdle for the stock is just around the corner. we'll explain. >>> should shareholders be worried. we've got the details. we start off with summertime sadness on the first official day of the season, the dow locking in its eighth day of losses dropping now 200 points. when it the selling start? when the fed raised rates last week so we've heard the story before, here's what's different about today. we closed on the lows. the market leaders, big tech sold off. it's the longest losing streak for the dow in more than a year. is it different this time and when should investors start to worry, guy >> it doesn't feel different to me. i hate using that term, but i think everything dan and brian have been worried about are starting to come home to roost now. by the way, i think they're doing everything right. they should hike another couple times this year and at least three times next year if not four. they shouldn't b

what do guy adami and -- >> tony braxton. >> they did not like your pitch.did not like it either you were creamed 67%. >> you take such glee in that. listen to you. you were creamed they hate you. >> come on >> frankly >> the stock is up 2% after hours. >> so what. >> final trade. >> you should have picked jpmorgan, guy. the banks are going higher everything we hear from the federal reserve, great economy great environment. >> talk about a retailer cri carter's it's a sell here input costs are going higher not reflected in the stock. >> dan >>wm a good sell back to 160. >> how are you holding up? >> i'm fine. i'm rock solid. >> carter makes clothes? >> that's right. >> final trade please, sir. >> nuance and i'm going to laugh at all of you when somebody buys them a week from now. >> >>> my mission is sile, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica hepeople want to mak

guy adami, are you up. >> one would think the logical answer it is a trade war stock. a significant percentage of the revenues, most of the components are built there. oh my god, apple will get decimated. i would say, however, not a trade war. >> wow another guy getting skin in the game. >> i think i'm playing the game right. if you look and this is my -- i think tim cook is, i think his relationship with china is such that they will not be harmed i think they have some sort of hands shake agreement with the trump administration and probably the administration in china. listen, don't come after us. you want to do ancillary stuff, that's fine. my sense is this stock will not get hit if there is a full blown trade war. >> here's the thing, if it's a full blown trade war, though what does that mean? >> i don't think it will be. >> the growth you are getting right now, this will make you happy. >> thank you >> the growth you are getting right now out of china and japan, china we are focusing on right now, it's something we all lean on all the time it is spectacular. 21% gr

should you buy the dip let's ask pete najarian and guy adami. you say ute >> i know you didn't know that but mike on your left absolutely knew that. >> i've seen "my cousin vinny. the scene at the witness stand is the best of all time. >> my aunts and uncles would say it >> he's like, that's how i grew up >> all right so utes. we are talking about utes. what do you think about it >> "fast money" traders, would you buy? unequivocally no look at cohn edisnedison. no no, no, no trading at 17 times forward earnings like 17% eps growth rate no they're still rich if there was one in the space i would even consider it's pg&e which got killed because of the california wildfires and maybe at ten times forward earnings, maybe that's worth a look. but i say no pete >> so too pricey for guy what do you say, pete? >> it's more about the fact why do people own these in the first place. right? the idea is they all buy them because they want this steady income stream. the problem is when you look at the charts you're putting up here, most of this is going down,

here with us is ryan payne and jason daro and our guest host is guy adami. good to haveyou here ryan, china is in a bear market, the united states is not does that tell us we can actually withstand a lot more pain when it comes to this trade situation? >> i think it does the bottom line is, we import so many goods from china than they do from us lot of room to move from a concession standpoint. they're not dependent on being overseas for, you know, whatever they need in their supply chain. >> do you chase that trade >> no, definitely not. small caps i mean, i think you have to have them in your port foal ya. the value on small-cap stocks, they're extremely high valued. >> you do what instead. >> global. commodity exposure in your port foal ya. you need to know foreign markets. tariffs are keeping that stuff down in price. >> jason, what do you think. >> i degree. what we're seeing in china the dwer jones of the impact of trade. small caps have done well here kind of low rated. >> should it be? >> given what we know in terms of trade implications right now, i

live from the nasdaq marketsite marketsite our guest hosts for the hour, cnbc's fast money trader guy adami up to be here the four of us -- >> this is awesome. >> equities futures at this hour are in negligence negative territory. they have improved almost 200 points. the dow would open lower about 82 points. the nasdaq lower by 32 we had more selling in asia. china was already in a bear market more than 1% selloff in both the shanghai and the hang

we'll see you at the top of the hour guy adami and pete najarian.ve the chief investment officer of one of the top firms to talk what all the trade war talk does mean rebecca patterson will join the gain dow dropped 165 today on the bell that went out on the lows after being up more than 300 earlier the s&p down 23. a lot of people watching these levels here. traders not too happy about that nasdaq down more than 1.5% today. >>> time for a cnbc news update. let's bget back to sue herera >> house democrats still processing the shock felt by many when 28-year-old political newcomer alexand anandria ocasio-cortez won. >> our campaign was focused on just a laser focused message of economic, social, and racial dignity for working class americans. especially those in the queens and the bronx. we're very clear about our message were our prierptoritiesd the fact that even if you never voted before, we are talking to you. >>> vice president pence and his wife arriving in brazil where he is set to visit a shelter for venezuelan immigrants. this is the second

well let's get the trader's take on what's happening so much stuff going on tech, trade, trump guy adami here. >> in person >> we don't have a lot of time what's going on in the world >> you tell me what should we be watching >> everybody is talking about tariffs and why the market has been sketchy is because of the china tariffs. i disagree since the fed statement on wednesday, the market has been on edge. i think it's more fed than china. f.a.n.g. has been on fire. i have leadership in a specific area the rest of the market not so much vix, nobody cares. sets up for a market that might take people by surprise to the downside >> small caps and tech leading this market. is it time to diversify or stay with what's working? >> time to diversify if you have ridden this wave on tech, take some money off the table. the move from 155 to 202 since the senate testimony to me is much too much. i think you have to take some money off the table. >> what happens? is this a trader's market now? >> for me it's always a trader's market if you've been an investor you've done well the last couple of mont

but guy adami kicking the you know what out of that gopher from the caddy shack >> i thought i was dancing couldn't figure it out craziest thing >> guy, you can dance too. look at that >> it's like dancing with myself >> top of the show, trade it or fade it. we talked about facebook i saw some activity there. the stock is going higher. >> next week, long bank of america. >> if they can't rally, you sell them and then you sell them again. and st became a meme >> final trade, please >> me and me i'm just going to keep doing this. >> or i'm going to the gopher. >> halliburton whoops there >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. wall street loves growth on a day where the dow drifted 42 poi

we're not seeing thatn de-risked these global markets let's dive in on this with tim seymour, guy adami, and jeff kilburg. it's an interesting question, jeff, that joe raises. where is the market reaction where is the reaction to risk and the vix? because we have this summit which some said would never happen it's happened. it looks like it's going well. for some reason we're not seeing that reaction globally >> metered response, but nonetheless the market has moved up the s&p 500 athe higher end of the range. we will pick and parse all the different words out of the summit today three words we did not hear today, maximum pressure policy that's what the market wants to hear as the day unrolls, we're looking at the ten-year, the vix muted. but this is a positive movement. at the end of the day, this north korean summit this is the proxy to china what do you mean about maximum pressure policy. >> that's what trump talked about all the time in the event this went south, enforcing more tariffs and pressure on north korea would be the response of the trump administration in the event this we

the traders on the desk of dan nathan, guy adami. don't sweat the stress test.he green after passing with flying colors but the real hurdle for the stock is just around the corner. we'll explain. >>> should shareholders be worried. we've got the details. we start off with summertime sadness on the first official day of the season, the dow locking in its eighth day of losses dropping now 200 points. when it the selling start? when the fed raised rates last week so we'var

traders are tim seymour, guy adami.full force and one sector traders are betting will get hit harder. plus, not just stocks selling off, the summer of pain for bitcoin continues and a top crypto investor in bitcoin says things will get worse for another 200 days spencer bogart of blockchain capital will be here to explain that >>> first, we start with the market selloff the trade war igniting massive selloff. the dow falling 500 points and nearing correction territory more than half the

starts right now >> "fast money" start right now the traders are pete najerian, steve grasso, guy adami reporting earnings, those conferences are kick off right now. check out the big after hours movers, starbucks, it is dialing back its gross prospects pete here says the name is a screaming buy. he will explain why. we start with those trade wars