>> betting parlors. >> betting parlors, yeah. >> it was a felony.l, it was a felony when a law came into effect, because it had brought down the market in 1907. and they said, "we're not gonna let this happen again." and then 100 years later in 2000, we rolled them all back. >> a bill to reauthorize and amend the commodity exchange act to promote... >> the vehicle for doing this was an obscure but critical piece of federal legislation called the commodity futures modernization act of 2000. and the bill was a big favorite of the financial industry it would eventually help destroy. it not only removed derivatives and credit default swaps from the purview of federal oversight; on page 262 of the legislation, congress pre-empted the states from enforcing existing gambling and bucket shop laws against wall street. it makes it sound like they knew it was illegal. >> i would agree. they did know it was illegal, or they knew it was prosecutable. [watch ticking] >> some people strike it rich after the law passes. >> i know people personally who have taken aw

bet is bad, and raffle there bets that bill's bet is bad, and then mary bets that bill, and each bet is a bet on a bet, and they have underlying physical thing they pushed through congress and signed, but the modernization act said it doesn't have to go through the chicago board of trade or counter party or transparent, and he can just have a couple guys in the back room doing it. in fact, have the banks doing it. we went, now, when i laid the numbers out, this is mind boggling. the gross domestic product of the united states is roughly 15 trillion, a thousand billion dollars, a million, million dollars, roughly 15 trillion dollars. the gross domestic product -- all economic activity, all buying, all selling, all manufacturing, everything. government activity, everything. $15 trillion. the gdp of the entire planet is 65 trillion. basically, we invent this new form of lateralized debt obligation, these derivatives, these belts that were basedded on something that had an underlying value, mortgages originally, although derivatives were on other things, but they were the primary one bec

if you want a bearish bet. you may want to do chart-term. >> you may want to spread your way out or take a profit. this is something mike mentioned. avoid a squeeze. the most you lose is what you spread. the downside is 120 level, that nice rounded bottom, or the 200-day moving average. right now the stock is between the 50 in the upside and 200 moving average on the downside. >> you don't want to by a $550 option p and sit with it. >> okay. let's check this a little bit. you might be thinking if dan is bearish, why wouldn't he short the stock? it's simple, shorth a stock would literally electrocute your portfolio. a little dramatic, but you could as it carries unlimited risk. but the put to the down side defines his risk to 550 bucks. let's move on. i want to go on to a bit of a market mystery you could say. on a down week, stock traders looking for safety found exactly the opposite. back at mothership in englewood cliffs, explain this for us. >> when the market is weak, consumer staples are expected to outper

just last week dan made a bearish bet on tesla shares. has fallen 5%, but dan made much more and here's how. on options action sometimes risking less to make more just isn't enough. sometimes you want more cash, and that's the case with dan's bearish trade on tesla. dan thought it was time to hit the brakes on the auto maker. >> i just wanted to make a short term bearish bet. >> just shorting the stock, let's do some math here. tesla stock is worth around $150 a share, so in the unlikely event it goes to zero, the most money you can make is 150. but can you lose an infinite amount of money as stocks can go up forever. >> forever, forever ever. >> yes, forever. so to define risk, dan has the right to sell the stock at that strike price or $150 by december 27. but in order to make money, dan needs tesla shares to fall below that $150 level by more than the $5.50 he spent on the trade or below $144.50 by december 27. that's the most he can lose on the trade. but it gets even better. >> a million times better. >> is that possible? >> yes. bec

dan made a bearish bet on tesla shares.allen about 5% but dan has made much more and here's how. >> on "options action" sometimes risking less to make more isn't enough. sometimes you want more cash and that's the case with dan's bearish trade on tesla. dan thought it was time to hit the brakes on at maker. >> i just wanted to make a short-term bearish bet. >> shorting the stock let's do math here. tesla stock was worth around $150 a share. so in the unlikely event goes to zero, the most money you can make is 150. you can lose an infinite amount of money if stocks can go up forever. >> forever ever. >> forever. to define his risk dan bought the december 27 weekly 150 strike put for $5.50. now dan has a right to sell the stock at that strike price or $150 by december 27th. but in order to make money, dan needs tesla shares to fall below the $150 level by more than the 5.50 he spent on the trade or below 144.50 by december 27th. that's the most he can lose on the trade. but, it gets even better. >> many times -- >> yes. becau

he is paying up. >> i'm glad the guy bet against him. sfwli feel like everybody on the street lost the bet, looking at his neighborhood behind. >> if you're walking down the street thinking that this happened, you would laugh. >> you got two things going on here. you got lab puppies. who doesn't love them? and then you have a lab puppy dressed up for the holidays, which is further proof that sometimes dogs don't like being dressed up. >> i don't blame him. it looks itchy. >> this one is like you go ahead, i'm going to take a nap and the other one looks like he's just going to give up. >> and then we've heard of dog paddling. -check lat dog in the middle of your screen. >> look at her. she's finding on her behind legs. >> she's very human-like. >> the guy who took the video said she loves the water but doesn't like to swim. he's like come on, girl, swim. >> awesome. >> dogs come out to humor her. >> this guy can multi-task. >> sure beats singing and playing the guitar within he does it. >> and still to come, it haley's first time getting

and that's just what mike and carter did with their bullish bet.hares were about to hit the gas. >> honestly, we're out of gas. >> it's ride or die, mike. but just buying the stock, 100 shares could set you back around $4,000. so spend less, mike instead bought the january 39 strike call for $1.25. now, to make money, mike needs gm to rise above that strike price by more than $1.25 he spent or above $40.25 by january expiration. he made making money easier. between the $1.25, he cut the cost down to just 85 cents. now, instead of him needing shares to rise above the $40.25 to make money. >> but remember, there is a tradeoff here. by selling that higher strike call, mike has capped profits to the difference between the strike of the call he bought, and the strike of the call he sold. and since the time of the trade, shares of gm are up more than 7%, making this trade a winner. and now, options actions biggest fans just want to know one thing. what will mike and carter do now? >>> before we get to that. let's see how much money was made here. had you

and that's just what khouw and carter did with their bullish bet.gm shares were about to hit the gas. >> honestly, we're out of gas. >> it's ride or die, mike thought. but just buying the stock, 100 shares, could set you back around $4,000. so spend less, mike instead bought the january 39 strike call for $1.25. now, to make money, mike needs gm to rise above that strike price by more than $1.25 he spent, or above $40.25 by january expiration. but 1.25 -- >> prices that are insane. >> so to cut his costs, mike sold the january 42 strike call for 40 cents, and created his call spread. but he did something even better. he made making money easier, and here's how. between the 1.25 he spent buying that lower strike call, and the 40 cents he collected selling that higher strike call, mike cut the total cost of his trade down to 85 cents. and now instead of mike needing shares of gm to rise above the $40.25 level to make money, he see profits if gm rises above the 39.$39.85 by january expiration. >> okay. let's run. >> but remember, there is a tradeoff he

you make the big money making the big bets. right? >> in that case, i want to stay tuned and find out what they have to say. over to you. >> thanks. fast money starts right now. live from the nasdaq market site in new york's times square i'm dominic chu in for melissa lee. here's tonight's lineup. the target data breach gets bigger. new developments about safety of pin numbers. we have details and potential impact on target's stock. twitter falling back to earth. sort of. even with the day's selloff the stock is up more than 50% this month alone. we'll break down the key levels, that you need to watch. and while everyone has been watching twitter, another ipo was quietly taking the top spot as the single best performing ipo of the year. we'll talk to the ceo about his company's efforts to answer, that's coming up. our traders tonight carter braxton worth, josh brown, jim, and steve grasso, the crew here for this friday. let's get to our top story. searching for signs of a selloff. more than 80 companies in the s & p 500 hit all time h

a couple weeks back carter made a bearish bet on home depot. haven't lost too much money and here's why. an options action is how we build winning trades, risk less so we can make more and that's just what cowen carter tried to do. carter thought it was time to ditch home depot. >> the company is not right here. >> shorting the stock. so define his risk they say bought the strike put for 95 cents. now to make money mike needs home depot shares to fall below the 67.50 strike price by more than the 95 cents he spent or below 66.55 by february expiration. a risky 95 cents just to bet against home depot. this ain't a million dollar listing, boys. so to spend less mike then sold the december 67.50 strike put for 35 cents and created his put calendar. but he did something else. he put the odds in his favor and here ease how. between the 95 cents he spent on the longer dated put and 35 cents he collected on the shorter dated put mike cut the total cost of his trade down to 60 cents. and now instead of needing shares of home depot to fall below 66.55 t

betting industry more than a billion pounds each year for. a short fix of. a machine. and comply. and you can bet up to one hundred every twenty seconds this is a twenty second repeat cycle every twenty seconds. you could feel. three hundred pounds my children my wife my job my self-esteem. ok. the government's two thousand and five gambling act limited the number of high street betting shops are allowed to have to four machines now more recently in response to both public and political concern the association of british bookmakers has released a voluntary code of conduct aimed at encouraging socially responsible behavior but we've seen evidence of among some leading high street but not everyone seems to be playing strictly by the rules inside this labrat says a glass petition it enables the store to carry not full but eight full p. machines which are the ones. that you. feel very. very good. in a statement about the store. this shop was a concert show and there are no plans to open any service shops of this kind. in terms of. the responsible behind the completely. ex army major j

we'll follow very closely. >> bet. second week in a row all major indexes end the in red as investors wait for next week's fed meeting and potential announcement of, tapering. david: with so many investments at their peak value are there any plays for investors who are ready to go off the beaten track? among those who have taken successful bets but appeared at the time to be long shots, few have been more successful than our next guest, chairman of w.l. ross & company, wilbur ross. he is very smart. he is avoiding snowstorm in the northeast being down in florida. i wish i was there with you, wilbur. bottom line is, we can talk, and we will talk about the fed and your concern there with regard to what it is doing or what it may do, i just want to go to some specific bets for a second here. explain and greece. the two real hot points in europe. i am wondering if they have been beaten down so low wilbur ross is seeing opportunity there even in the banking sector. what do you think? >> we're looking very carefully at both.

despite deep concerns about it diction to betting machines in high street book aides. and those just crying and. that's when i lost all my pride. we hear the story of a man who lost his job and family to the fixed odds machine. that welcomed watching international with me and drink far. now european and u.s. officials are voicing their strong support for ukraine's opposition some were even spotted attending the anti-government rallies in kiev the top diplomats are in the ukrainian capital for a security summit though not related to the ongoing protests. is in kiev for us. usually there is plenty of people out here at night but yesterday we had to literally teaming not just for the ukrainian protesters but also with the western politicians one of their own particular victoria nuland who has paid a visit to the tent city that was set up here by the protesters especially expressing the u.s. support for the ukrainian opposition and for the protesters as well as maternal and has also held close talks with. the darling of the ukrainian opposition among others that we have se

he has a big bet on japan has not played out yet, but now he has a big bet on gm.expecting shares to 40% in the next 18 months. i spoke with him about his and thenvestment government's diminishing role in the company and how it is affecting their outlook. >> i think the u.s. government has been selling gm for a long time and i think they are almost out. there were prohibitions put on gm's management by the u.s. governmentking a motors and it is about to be general motors again. it is a fascinating time and catalytic time to be investing in gm. i think it will release management to be able to put in place in set of plans -- incentive plans and do something that is shareholder friendly. >> you don't think up 40% in 18 months is a lofty goal? you think it is possible? >> i think it is probable. i think the first 25% is something that will happen more and he near-term -- in the near rm and the rest in the next year or two. >> the government could be out of government motor. >> they will be out. >> they have been out of u.s. angst. does that give you positive sentiment?

i'm not long really, i mean it's a fake amolong in a bet with yo.p cutting their prices. this is pure profit. >> duncan not cutting their prices. >> never roll the prices back. >> smiling all the way to the bank. >> when rolling up in your '78 ltg to the local in san diego tell them you want a discount because you know they're paying less per bag. >> my dad had one of those a blue ltd. >> they had that. >> back in australia. >> like a holding or voxle? >> i don't know. >> whatever it is. >> seven months to go, gold miners will pull it out. we both stink. >> they're both so hated. i think gold miners have a better shot because coffee is -- >> gosh, i forget by the way we have the fierce competitor segment later in the show. watch out. janet rogers negativen was threatening physical violence in an e-mail about your comments slamming macy's and how they were dirty. sent me an e-mail and he's going to punch you out. >> he should come to the macy's in san diego at university town center take a look at the floors of that. >> he said threatening physical v

>> if you're betting on something in this universe you are betting that they will be around in a capacityor a while, and that it will be a way that the money gets exchanged. the primary way they are hedging the risk is they are not actually betting on the increase in the value of bitcoins themselves. it is just that they are going to be around them and you will be the ecosystem around it. whether that is a trading platform, analytics. he given as the mobile operating system. the android or the ios, that is the center of the technology. what makes a really valuable as all the places where you store documents command where you exchange photos abide where there is security. so that is the kind of thing you're seeing being built around bitcvooin right now. ,> we know the value of bitcoin such volatility. they're making a bet that it exists in some form, but this volatility is pretty extreme. the steep decline in the bitcoin would be that -- retail investors if there's a much volatility in the price that people are scared of except it, then you lose a lot of the potential transactions. that is

the whole portfolio on that thesis, because you're betting on citi for the same reason. >> no, bettinger reasons. >> yeah. >> no. >> stephanie's right. >> wow. >> 25% earnings growth is nothing for citi. >> that's really something. >> all right. stephen weiss, thanks so much. >>> let's take a takeout to check on the markets with seema mody, who continues to watch the action on the street. seema? >> major indices are trying to avoid the fourth straight day of losses. and in terms of stock-specific action, shares of adobe are jumping, with the software company reporting strong growth in the cloud subscription, called creative cloud, and honeywell shares are spiking after the board of directors approved $5 billion stock buyback. the industrial conglomerate has finished a $3 billion buyback from 2011. we'll be back with more "playbook playoffs" after this break. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameripr

this is on fed bets on mid budget talks.stocks going higher as the new gao -- as the new ceo announced more trade. ♪ >> this is money moves, where we focus on innovative alternative investments. here are your bloomberg top headlines this hour. in johannesburg, leaders from around the world joined with south africans to mark the life of nelson mandela. the ceremony at the biggest soccer stadium was the first of three major public events this week. president obama was among those paying tribute. never see the life of nelson mandela again. let me say to the young people of africa and the young people around the world, you too can worth your own. >> and the first female ceo in the global automotive industry, she started her career as an intern more than 30 years ago on the factory floor. in charge of product development and quality in all of gm's cars and trucks for a little under two years. person is jet -- ackerson is retiring january 15 and changes at the top of lulu lemon. chip wilson is stepping down as chairman. the presid

oh, i bet she is. i bet there's a foldout of her.laughter) >> you know, there are ten well-known americans profiled in the book as well as these five or six penal you don't know and i -- i admire her because she has the guts to tell bankers what they don't want to hear and there's very few people in public life who do. look, we have -- >> stephen: so what dobackers not want to hear that they should hear? i'm having a christmas party tonight, i'll tell them. >> that we have an economy that doesn't work very well because people who work at wal-mart can't -- can barely afford to shop at wal-mart which is why black friday was a bust this year. >> stephen: they don't need to because wal-mart encourages workers to give each other old canned food. >> exactly. >> stephen: and as long as they're trading each other del monte peas we're good. (laughter) >> that's the argument that i'm not making. >> stephen: i'm glad you didn't because i could knock that down in a minute. i'm glad you didn't make it. >> there are six surviving wal-mart heirs th

we take bets that are quite significant. we take bets up to $1 million per hand. in singapore. taking thereisk- with anyone who has that kind of cash to throw around. , land- is saying is look that hesinos, the sort is involved with, you can see who is coming in and you know who you are dealing with. it is easier to get a handle on things like money laundering and underage gambling. he says he is against it from a moral perspective because online gambling allows anybody with an aectronic device to turn into casino. you do not know who you are dealing with. it could be used by criminals and underage people. certainly, you cannot imagine many people gambling $1 million on a hand of poker. >> thank you so much. what a character. the 12 richest man in the world. elliott gotkine with that exclusive interview. >> what else is on our radar this monday morning? a british airways plane has collided with a building. four employees were slightly injured. the plane took the wrong taxiway as -- as it prepared to take off. it hit an office building adjacent to the runway. 182plane carried pa

bookies made a bundle of profits thanks to royal baby betting. prince george created such buzz in the months and weeks that led up to his birth, it was described by one betting agency as the largest non- sporting betting event in history. who knew that raising your own chickens on your apartment rooftop or suburban backyard would be considered trendy? as ky sisson reports it's a growing movement throughout the country, but the excitement of having a pet chicken may eventually become fowl. while raising your own chickens has the perks of plentiful, fresh eggs and maybe some pet companionship, many city- dwellers are quickly discovering they are unable to afford, care for, and handle the barnyard birds' messy nature. as a result, unwanted roosters and hens are being dumped at the nation's shelters and animal sanctuaries at an alarming rate. there is such an overflow of roosters all over the country alexandra caswell says the farm sanctuary north of los angeles is at capacity with roosters and the organizations' three locations across the country sa

i bet things get better from here. now the stock sells for 15.3 times next year's earnings investments, it's got a 15% long-term growth rate. and the fact that its average multiple is 20 times earnings tells you where i think it could go. here's the bottom line, if you're looking for stocking stuffers this holiday season, i like general electric and johnson controls, two great american industrial companies that are changing their stripes for the better. i would, indeed, buy both ahead of their meetings on wednesday and thursday, respectively, and i think they'll each be terrific stocks in 2014. these are gifts that i believe will keep on giving as the turnaround drives beautiful gains right through next year and into the one after. let's go to morgan in california. morgan? >> dr. cramer, how are you doing? >> pretty good, thank you. how about you? >> caller: doing fantabulous. my niners won a tough game out in tampa. sorry about your eagles. >> that's all right. my fantasy team won but i'm actually going to be playing

i will will bet you they don't. i hope i lose the bet. >> how much are you going to bet me?whatever you want. i bet you that tie, stossel, i like that tie. i was talking to stossel before the segment started. he and i came up roughly together. he is he older than i am. we started together. if you and i when we were reporting. you were on 20/20. i was on a variety of other programs on nbc and cbs. if we had done in the editing room what sharpton did, what would have happened to us. >> we would have been canned. >> fired, out on the street. even by the liberal people that ran the networks that you and i worked for at the time. he they would have fired us. >> now on second thought. if we took a cheap shot at republican and conservative. that's sort of a cheap shot. don't do that again. >> there is a difference between cheap shot and editing something dishonestly. >> they just chopped it they didn't put three things together to make you look creepier than you already are. >> they chopped it but they cheaped while i was doing it they took it out of context totally. and we would h

does it go without saying don'ttory this at home. >> yeah. >> because of a bet i made with that man,ext 24 continuous hours inside of that walmart. >> this is christian davies and he lost a bet with his buddy. since he lost, 24 hours in wool mart, without a break. >> i'm not okay with this. this sucks. i'm very unhappy. >> but doesn't walmart close? >> no, a lot of them are 24 hours. >> when you need a flannel shirt, you need it, doesn't matter what time of day. >> we get to watch christian's spiral downward into complete delirium. >> sucks. >> bad attitude. you could watch dvds, i'm have some great muirment. >> this is terrible. >> think about it, they're 24 hours. >> it's just hitting me that, like, how much time i have. >> you're in these bright lights which start to get to houston. >> he finally decides i'm going to go to the garden center to get some fresh air. >> it's close. but he just shopped around, bought stuff and returned it to kill time. >> all he ended up buying was one of those zebra cupcakes. i got one of those little deborah cookies. it was a little bizarre but we fi

he is betting against a different sector. >> the european banks are good thing to bet against.hey have not re-capped themselves. there are 3.5 times better than the american banks. you have industrial production rolling over for the last year. pair that with a big turnaround. there was a qe induced turnaround. sometime at the end of 2011, ip started to rollover. i think it is a very tenuous security. we like vodafone. >> do you want to short them? >> yes. >> any specific? >> no. >> herbalife is one name that he would talk about during this exclusive interview with stephanie ruhle. investors have taken the opposite sides of the company. bill ackman calls it a ponzi scheme. carl icahn has defended it. count kyle bass among their believers. >> when a particular short seller released a report, it had a kind of abnormally large negative effect. i think that this business is one that is fascinating. it generates significant cash flows with no debts. it is growing. when you have this large cohort of the unemployed, that may be unemployable forever -- there is this new normal in a natu

the loan blackstone had already bet they owe would pay late.tone backs them and they pay late. the credit default is trigger and blackstone collects $15 million in insurance money. i'm sure you are asking yourself i'm sure they saw something like that in goodfellas when they get insurance on a restaurant and deliberately blow the restaurant up. in goodfellas it's illegal. in the financial world it's above board. for more we turn to senior correspondent samantha bee. sam, this is insane. so when a deal like this goes down. how much coverage has this incredibly ereegous -- egreg greigous behavior gotten on the 24 hour news networks? >> zero. >> jon: nothing? >> wait there was um, nothing. >> jon: really? 600 television channels three 24 hour news networks. >> and no stories but it's (bleep) crazy. they are not going to get away with it. what blackstone did was clearly a huge story but the business networks eager young reporters have better things to explain. i went to the "new york times" the paper of record to find out why all those tv (bleep) w

why more retailers are placing bets on the digital currency.. but first... the key end of year portfolio moves you may want to consider, before it's too late! that's next with bill moller. april 15th isn't the only important tax deadline every tear. there's december 31st and that's coming up fast. what do you need to consider before the year runs out? christine benz is the director of personal finance for morningstar. for many people, it's don't forget that required minimum distribution on an ira or a 401k. > >that's right. if you're over age 70 1/2 you have to take that required minimum distribution. you can find tables that will help you calculate how much of your balance you need to take out but you absolutely do need to take that required minimum distribution otherwise you'll owe not just taxes on that withdrawal but a 50% penalty on that you should have taken but didn't. so very important to make sure you hit that deadline. > >i know that's overlooked by a lot of people. the other point is to have a full top to bottom review of your portfolio. > >that's

ty likes to do one-sided bets where he'll bet if he makes something and if he misses it's nothing.nd i bet garret that if i made a shot from across the backyard he had to pay more my sandwich. >> of course, college guys. got to make a free lunch any way we can. >> i took the bet for some reason. i threw up a shot from behind the back and drained it. >> he made it. swished the shot his very first try. >> they can't believe their eyes. >> so we go grab the little picture camera. >> we'll see if we can get it on film. as soon as we saw it on the camera, that was the game changer. >> we all wanted to top each other. >> crazy shots behind the tree. >> standing up on the roof. it's in the hole! >> we started filming everything. bigger and bigger and bigger. >> the gees edit if footage together. but before they decide the posse needs a name. >> the name came about on accident. we were sitting in the backyard and we decided to put the camera up on the rail. he looked through the camera and saw it was perfectly in frame. and said -- >> dude, perfect. >> it's something guys say a lot. dude,

i bet the same thing will happen to those who bet against the crush these buyers are showing for twitterthey love re-tweeting and favoriting over and over and over again. this is just the beginning, people. just the going steady phase. just wait until they get engaged. joshua in florida. joshua? >> caller: hey, jim. big boo-yah from jacksonville university. >> oh, man, jax, what's shaking? >> caller: i just have a question about priceline. >> okay. >> caller: all right. so when i look at pcln, i think that this is an expensive price to pay per share of stock, but i know that it always outperforms. that's being said, should i stay long with these, or should i start thinking about shorting them? >> shorting priceline? shorting the way that europeans book hotels? shorting the way that south america does -- is doing all their business? sure, priceline with your -- just don't do it. here's you in front of priceline. [ train ] do not think about that. i would buy it, not sell it. it's got the real momentum. on the wrong side of that trade, my friend. john in washington. john in. >> caller: how

you can bet it will be very exciting.ng up new, he soars away with the prize but also filming his escape into plus, talling up the cost of buying all 12 items in the 12 days of christmas song what will exactly costs more this year. >> and, you that i regular rue bics cube is tough, try working with one that is the size of a building. we've got more on this puzzle facade, all new to come here at 6:00. >> you think it is 1st down and that's all i know. >> a break down between officials may have cost the skin as chance at a win. driving down the field late, rg-3 and company believed they had converted on 2nd and 5. they were under that impression because the chain gang moved the states but the officials negative actually made it 3rd down. all that confusion eventually resulted in the game ending in a turnover. >> and hearts broke all across the dmv. >> what i said before, they could have scored more points, can you blame the officials all you want. >> don't wait until the last minute. what are they going to learn that in. >>

yes, this is under a very clear rational bet on global growth. no question about that. >> it would be strictly the commodities as opposed to those exposed? >> underline? >> i want to yoen the underlying. i have got no problem with that. >> so scopper versus iron ore? >> i want to own copper, iron, and nickel. give me a basket of a all of them and i want to own all of them. they are all going to hurt. >> ouch. >> you have got number five and number four. 3-1 is coming up. >> there you go. >> it's what they call a tease in the business world. could the news ban from bit coin transactions actually be good? (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. with fidelity's options platform, we've completely integrated every

david: hey, sandy, let's talk about warren buffett's latest bet. he is betting on pipelines. it's a little complex, the piece of phillips 66 that he is buying involves polymers and things. bottom line stuff that makes pipelines run faster and smoother. what do you think of buffett's bet on pipelines, do you think there is money to be made there? >> well, bottom line he is showing there is reason to believe, there's a lot of bullish room in the energy market, particularly at a time where we're seeing energy production in the form of oil at more than 20-year highs in the united states right now and even with oil, production at 20-year highs in the u.s., we're still seeing $100 oil. we're talking about a surging global economy. the more oil and gasoline needed, more guys like buffett with money investing more and more in energy. while mr. buffett is always talking his own book and always has his big plans and you never know exactly where he is going with things, this does show that he truly believes we'll continue to see a bullish situation for energy. >> what a fair and balance

. >> if you can't bet on yourself, who can you bet on? >> exactly. >> i love that. right now, we need to get to the dramatic fall from grace of a washington power player, former white house counsel john michael farren, stands accused of nearly beating his wife to death. his money is gone. and his freedom may be next. paula faris has the story. >> reporter: he was the white house attorney in the george w. bush administration. she, his successful wife and high-powered lawyer. >> he said to her, i'll tell you. >> reporter: and this morning, the connecticut jury in a civil trial has awarded mary margaret farren nearly $29 million after john michael farren allegedly tried to beat her to death in 2010. >> he put his hands around my neck. and in the same motion, he tackled me to the floor. >> raise your right hand. >> reporter: the verdict capped off an emotional trial. 20 witnesses, including mary herself, taking the stand to describe the alleged incident, which she claims was prompted by her refusal to drop her divorce papers. and has left her with emotional and physical

when you're betting on what you're betting on here, what you're betting on is when you invest during these bad news is good news moments, is the history leading up to when the economy flips into high gear and good news becomes actual good news. every time we've ever been in this situation before, it's been an explosive time for the market, and you had to invest during the bad news is good news phase in order to reap the biggest gains. in other words, you have to be early and you have to anticipate. if you wait for the market to smell good, as the tweeter i mentioned once, then you'll likely miss a great deal of the move. hey, that's how retail comes out. too late. now here's where a lot of judgment gets clouded. there are plenty of people who believe that the federal reserve is life support for the stock market, and when you take away that life support, what happens? the market dies. these people simply do not know the history of the market as encompassed by my constant admonitions by don't fight the fed, don't fight the tape. they're blinded by politics, thanks to the polarizing wor

a goodat sound like fiduciary bet to you?ey are essentially targeting the consultants, basically with bigger pensions plans and other institutional investors. >> remember, these big plans have a very keen year for the words fiduciary duty. >> want to instill panic? >> exactly. they are going to the consultants who advise these guys, like the new jersey state pension plan fund, saying that this is not consistent with fiduciary duty to make that's of this nature, what do you think? this counterattack, this brand- new idea that we have never really seen before, combined with the idea of bringing in a high profile person that people feel very good about adding to the board at the same time -- i must say the company is doing a wonderful job at fighting back on this. >> probably creating a new kind of playbook for current and future activists. >> i think that for the targets of these activist investors, the ones who are going short and making big announcements, there are some very interesting plays that i can guarantee you will see

we take bets that are quite significant. we take bets of two $1 million a hand. in singapore.rodman left north korea. he went to train local basketball players for the exhibition game he hope will include former american prose. herem not just coming over as a marshall. and coming over here to be the basketball team to prepare a .reat game people need to understand that it is not important for me to meet them every time i come over. he is a greater job for the country. i respect that. >> hopefully, it kim jong-i un's birthday was splendid. private equity firms are snapping up real estate from soccer moms and commuters. we will explain. holy hobbit. the guy responsible for the special effects of one of the most successful film franchises in history. i love this. look at this. peyton manning has reclaimed his nfl record for the most touchdown passes in a season. he threw for yesterday. it is a total of 51. that breaks the mark of 50 set in 2007. he broke the previous record of 49. i love this. ♪ >> the largest physical asset class in the world, want to try to take a guess? americ