of brian kelly capital and a "fast money" contributor.on't know if i'm more worried about up 4% one day and down 4% the next other than we're seeing this extreme volatility. >> yeah. listen, it has -- bitcoin itself is about 100 volatility product. it's the most volatile asset out there. we've seen 6,000 give or take a couple hundred points has surged as support this year we bounced off of that there was a huge short position built into this 6,000 number so we're seeing a rebound with a short covering bounce, which actually if you look back in april, when that same thing happened, we had high short interest, we had a 50% run in bitcoin. >> what happened yesterday and what's happening today down 4%, up 2.5%, up 3%. no one can make up their mind. >> you're starting to see capitulation there's a lot of different things that happened some people, some companies were ico companies that raised money in ethereum and bitcoin. when they raised it, it was worth $20 million. now it's worth 10 million. so panic selling out there other people caught u

up i know i know >> see you. >> brian kelly. >>> still ahead, snap seeing a huge reversal after hoursgative after being up more than 10% we'll tell you what was said on the call that has investors sit hitting the sell button and tesla, after ceo elon musk said he was considering taking the company private. so what happens next karen finerman will break it all down when "fast money" returns >>> welcome back to "fast money," snap reversing and falling after hours. let's head back to julia in los angeles, to tell you what's got the stock moving all around. >> snap beat expectations and prince alwaleed announced on twitter that he invested to have's 2.3% in snapchat. >> while the top and bottom line first sent the stock soaring, that was despite the fact that the company reported daily active users that fell during the prior quarter and the stock moved negative and gave up its gains during the earnings call in a business reporting those daily user numbers that declined from the prior quarter, the company also gave revenue guidance that was lower than analyst expectations, and on the call

the traders are brian kelly and dan nathan the crypto crash continues and crypto breaking below 6,000 before hovering at those levels and the move as a whole has the crypto universe in a frenzy. bill harris who previously called bitcoin a scam says it is about to get a lot worse he will be here and the tesla saga continues and elon musk reportedly going rogue as the company's board is scrambling to keep up, but are they doing enough first, we start off with the retail at record highs and the already hot retail trade is getting hotter as they have a four-day losing streak helping to boost some of the biggest names and check out these in the past month, and macy's up 50% and that's after reporting earnings tomorrow morning and most of them and jcpenney all up double digits. do you keep betting on the consumer is this a good sign for the rest of the market? >> i think it is a good sign and the higher spending that we're seeing from the consumer and the gdp will round the 4% level and a little bit above that, and home depot, if you look at the number, they were spectacular numbers and the

let the countdown begin michelle >> brian kelly says this is, quote, the biggest news of the year and he's live to explain. >> this is huge news let's talk about why this is the biggest news of the year for bitcoin. right here, it paves the way for an etf last week i stood up here and said you know what i don't think the etf was going to be approved and guess what? winklevoss got rejected. there wasn't u.s.-regulated exchange and there wasn't a u.s.-regulated custody and they'll now have a u.s.-regulated exchange and they have a licensed warehouse which is how commodities are stored and that's going to make it a lot easier for an etf to come through. it's even better than bitdo coi futures and a lot of people use it for hedging, but they're talking about getting this into your 401(k). they're talking about fidelity or td ameritrade account and you'll buy a bitcoin etf and a bitcoin mutual fund and it expands the universe my conclusion is the crypto market is completely missing this perhaps the market in general is missing this this is very, very big news. so let's take a look at the c

" starts right now, live from the market overlooking times square i'm melissa lee, tim seymour, brian kelly, first timer and fast money friend, tony dwyer and steve grasso tonight on fast -- tonight on fast, retail has been one of the hottest trades out there and there's one new reporting earnings next week and they're about to break out plus want to know where bitcoin is going next? of course, you do and tom lee will break down the one chart he says could tell you everything you need to know about the crypto universe, but first we start with two words we haven't uttered in months. stock paradise >> yes the place where stocks go up and records happen every day earnings are great and interest rates stay low and the only thing that gets mad is your bank account and it all happens today as chad powell gives the all-clear signal so with the trade war beheine us or at least at bay, will stock paradise last? tim. >> i think that paradise should be sweet and two tickets to paradise with it being a big friend talk about threading the needle and whatever you want or listening to eddie money as much

we expect over time for some of the people using gold as a value to switch to bitcoin >> we had brian kelly on the other day, he basically suggested that the nervous money is going out of bitcoin. the people who can't handle the swings are down. a bit of capitulation. do you agree with that >> yeah. brian is knee deep in bitcoin. he has his finger on the pulse of what's going on we think this is not something brand-new in terms of being different. we see any assets come junk bonds 40 years ago, it was extremely volatile like bitcoin today. a lot of people said it was a scam 40 years later it's the same as everything else. we think bitcoin is going along that same trajectory any new asset is extremely volatile people don't know how to price it >> for prices to go up you need more aggressive buying by the existing buyers, they're willing to pay a higher price or you need new buyers. do you believe either of those things will happen >> the percentage of the people on the planet that own bitcoin rounds to zero >> it's so small >> a few million people own it, or 20 million people might own the c

. >> final trade buy macy's ahead of earnings >> brian kelly >> not always comfortable on the other sideatlt. gi tt a shot >> "mad money" with jim cramer starts right now >>> 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 make you some money. my job is not just to entertain, but now educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. after a day where the dow shed 125 points, s&p dipped .4%, nasdaq declined 2.5%, we need to

our traders on the desk, tim seymour, brian kelly, kbrin grasso, guy adom my. >> it looks like wall street is turning its back on tesla. what is behind that move, we have all those details many plus it is the greatest bull market ever, this week, making it the longest run in history do you keep betting on the stocks that got us here? traders weigh-in president trump taking on the federal reserve and its chair again. #. >> some criticism of the president coming from the fed chair. a couple key points here from the president, he says that he's not thrilled with jerome powell for raising interest rates the fed should be more accommodating. he says i should be getting more help from the federal reserve in terms of the economy, and says he will continue to criticize the fed if it continues raising rates. >> the president unshackling himself from the recent norm overthe last several decades, in which presidents did not criticize the fed. going back to a tradition 30, 40 years or more, the president very critical of jerome powell frustrated with the raising of rates, and worried it might hurt the

all right >>> for more -- for more on bitcoin, head to futuresnow.cnbc.com to see what our own brian kelly had to say about the cryptocurrency's drop. >> coming up, press scripps getting reports that activist carl icahn will try to stop the planned merger with health insurer cigna. we'll have the very latest tesla up 7% after hours at the highs. elon musk speaking on the earnings call right now. 'lte's he going to say wel ll you when we come back on "fast." >>> welcome back to "fast money," shares of express scripts volatile in the after-hours session after reporting earnings this after carl icahn is taking aim at the company's merger with cigna. we'll get to our meg terrell with the latest. >> express scripts did report the second-quarter earnings and they look like a non-event when you look at the bombshell dropped by carl icahn. he's reportedly had express scripts $54 billion this being reported by the wall street journal. the journal reporting he may seek to influence other investors and encouraging them to also vote against the deal. reportedly the issue with it is the price was too h

bitcoin is hanging tough despite rejections from the ftc and brian kelly says the action could be a bullish sign for the crypto universe. he will explain, but first we start with the words that raise a lot of eyebrows on wall street today. >> i'll tell you what, if i ever got impeached i think the market would crash. i think everybody would be very poor because without this thinking, you would see -- you would see numbers that you would not believe in reverse that is right. president trump does seem to have the whole world in his hands or at least the whole stock market the s&p 500 is up 34% since he was elected, has gained a whopping $6 trillion in market cap during that time and so as the drama around the president continues to build, is this stock market rally really all hinged on trump and if he does get impeached or resigns, and of course, that is a big if, what would that mean for the market tim? >> no one wants to hear my politics and i don't think anyone wants to hear on a market show to hear the politics. to me what caused the market's move and what was more important was when we f

. >> final trade buy macy's ahead of earnings >> brian kelly >> not always comfortable on the other side vehatlt. gi tt a shot >> "mad money" with jim cramer starts right now >>> 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 make you some money. my job is not just to entertain, but now educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. after a day where the dow shed 125 points, s&p dipped .4%, nasdaq declined 2.5%, we need to add another t to the toxic group that's got people scared just by the incredible economy it's no longer just tariffs and trade anymore. now we've got turkey to worry about too. i'm talking about the sudden turkish currency crisis and its impact on our markets. first, though, let's set some groundrules. well need to distinguish between two very different kinds of risks that often get

remodeling efforts along with strong user growth for its modeling app we've got fast moeny traders brian kelly seamore. tim, do you own this stock >> i've largely stayed long. in fact, i am adding on weakness >> you're adding on weakness the stock is down versus s&p being up 8% year to date what's going on? >> i mean, becky, i think people are concerned about a couple of things first of all, there's no question costs are going higher in the fast food space and i think margins error are being stretched a little bit i think steve easternbrook is doing a great job. the worst part of the mcconled's images are the health images, which haeb been very hip they're refranchising which we talked about in the lead in, the kiosks and then you get into fresh beef and at 20 times this is not an expensive stock. >> just to add to that, the one thing jeffrey talked about today was the app and getting some traction if you look at the other kind of apps in the quick service restaurants like dominos, when they got some traction on their app the stock really took off. i look at mcdonald's basically on the better

the traders are brian kelly and dan nathan the crypto crash continues and crypto breaking below 6,000ring at those levels and the move as a whole has the crypto universe in a frenzy. bill harris who previously called bitcoin a scam says it is about to get a lot worse he will be here and the tesla saga continues and elon musk

bitcoin is hanging tough despite rejections from the ftc and brian kelly says the action could be a bullish

" starts right now, live from the market overlooking times square i'm melissa lee, tim seymour, brian kellyoney friend, tony dwyer and steve grasso tonight on fast -- tonight on fast, retail has been one of the hottest trades out there and there's one new reporting earnings next week and they're about to break out plus want to know where bitcoin is going next? of course, you do and tom lee will break down the one chart he says could tell you everything you need to know about the crypto universe, but first we start with two words we haven't uttered in months.

our traders on the desk, tim seymour, brian kelly, kbrin grasso, guy adom my. >> it looks like wall streetis behind that move, we have all those details many plus it is the greatest bull market ever, this week, making it the longest run in history do you keep betting on the stocks that got us h

to be worth a million dollars for bitcoin, i wanted to have one just to have one >> did you see brian kellyhe was saying it's capitulation, it's the retail investors who are panicking and who can't take the ups and downs. but i think the retail investors pushed it up above 10,000, too are they out forever who will give me a nil ondollmi dollars for my bitcoin >> nobody. >> maybe in the rest of the world it may be worth a million dollars. the only thing you need to remember, if it's ever worth a million dollars, that means the market cap of bitcoin is $22 trillion, basically the size of our economy, our debt, all of it just think about that. that's all >> that's impossible >> the market cap in total for all cash in the world is about $60 trillion the market cap for gold is about 10 >> norin other words, it may ta while? >> you have to believe it will be better than gold. i think there's a decent chance it gets to 20,000, 30,000. i think that we have a -- we're totally off on a tangent there's a chance it goes up over time outside of the united states, it has a real impact it's like a real th

kelly pressured her. he said to her it's nonnegotiable. that's not pressuring. this is a marine corps general. briany does. she had to be fired. she was fired. that was it they never put anything bad about her. they never attacked her. steve: he was talking on the tape that they played yesterday about ethical violations regarding vehicles maybe money as well. he didn't want to go into the specifics. lawyers right here who are going to fix this. >> none of that came out if kelly wanted to her her anyone wanted to hurt her, it would have been in the "the washington post" the next day. she is misusing this misusing that accounts aren't in order. everybody in the white house thinks she is a back stabber. so what? brian: mr. mayor, how would you characterize the president's mind set this weekend? >> the president played golf great yesterday then he watched most of the end of the pga and he was in rare form. he was entertaining all of his friends. made a bunch of calls thanking people for their support. it was donald trump in campaign mode getting ready for november. and starting to feel good about won ni

. >> brian kelly says it is a great entry point. >> does he >> he's been saying great entry points along way >> 20,000 was a bad entryway did it really hit that >> it hit that, but you could have never sold it at that the point is, even -- the problem was anyone who had it at 20,000 was on coin base drying to sell all their bitcoin. >> liquidity issues. >> exactly >>> google employees are demanding answers about the company's plans in china after a report surfaced that google is secretly building a senscensore that version for the country hundreds of employees sending a letter to google's ceo saying it raises moral and ethical questions. google workers were told the company was not close to launching a search product in china, and it's unclear if it ever will. the rise of the employees is an interesting situation. >>> also door dash raising another $250 million in its latest round of funding. the foot delivery startup now valued at $4 billion that competes with grubhub, seamless and uber eats it raised $978 million to date the door dash ceo will join us at 8:30 a.m. eastern time. >>> ear

there is lieutenant governor brian kelly and the attorney general.orney has the endorsement of president donald trump at a lot of elected officials. he assumes to be in a position of according to the polls of cruising to victory on the republican side. rick snyder, as he made his preference known on who should come after him in the governor's mansion? guest: he has. he would like his lieutenant governor, brian calley to succeed him. he has spent money on political rian has helped b him with the economic comeback of michigan. it has not necessarily resonated with republican primary voters. the grassroots tends to be more derservative than sny himself is especially on social issues. trump has a little more influence in the republican party then snyder's endorsement. host: let's talk about a senate battleground. --cumbent's reelection what are her chances of holding on to her seat? guest: she has a very good shot of holding on to her seat. of money.assed a ton what is unclear is who her be.nent wil l right now there are two republicans battling it out,

brian: kevin kelly, appreciate it., who spent the morning on the tea cups. >> you look good on those days. i get vertigo. you have ketchup with the tatertots. brian: heinz, not canadian ketchup. heinz. >> big morning at white house, about to announce new tough sanctions on iran. more protests in the streets. ambassador john bolton live on iran and north korea. so much more. bloody deadly weekend in chicago yet again. what are city leaders doing to stop it. big election in ohio. what does it tell us about america, what does it tell us about president trump. karl rove the headliner. join sandra and me in moments, 9:00 to noon. we're ten minutes away. see you then. you bet. ♪ steve: you know him from the food network. this morning he is here on the plays can with the doghouse, to show us how to bring flavors of the bear. ainsley: chef adam gartler. great to have you back on the plaza. >> good to have you here. >> steve: say hello to adam. >> i brought friends. they're not really my friends. they're waiting for me to feed

you listen to commander kelly, you hear from brian schatz via twitter, other lawmakers as well, how likelytimetable? >> not likely to happen, especially if the republican party does not do well during the fall elections. he needs approval -- he being the president -- from congress to move forward with a new branch of the military. and if democrats are as successful as we've seen them be so far, they're not going to provide more spending for more military devices and goals and agendas that the left feels like we already are overfunding. >> how did we get here? you go back and look, this was kind of a throwaway line in a speech the president delivered. now when he goes to these rallies, it is one of the lines that gets the most applause if you look at the white house pool reports. as i mentioned, you got the defense secretary questioning the need for this, why this is a priority here for the administration. what is your take on that? how does it come to life in the way that it has? >> i think there are two things. one, i mean russia and china are very active in space in terms of like missile

brian todd is fwol lowing the anti-racist groups, and sara sidner following the protests in washington, d.c., and kelly har tongue wi tongue is with the protesters in charlottesville. and brian, what is the scene like there? >> ryan, we have been saying all day this is the crucial moment when the anti-racists protesters got to lafayette square part and how close to get to the white supremacist protesters and we can show you right now, a because the bulk of the anti-racist protesters are here, and you can get a perspective and our photo journalist harlan schmidt is going to give you that perspective. and harlan, point here across lafayette square a park and you can see the people beyond the police lines across there and under the trees, the handful of opeople, those are the white supremist protesters and maybe this is the best perspective that you will get as to just a crucial security question here. how close were they going to let the protesters where we are get to those people? i would estimate it is about 100 yards away or maybe less. you tell that the police are not ta taking any chances here. this

kelly and ryan." today, jon hamm joins us. and we take on golf champ patrick reed. plus, actor brian tyree henry. all next on "live." ♪ blow my mind >> ryan: ready? what happened? >> kelly: okay. all right, okay. >> ryan: what happened? >> kelly: okay. [cheers and appl

yeah, she and brian tanaka are enjoying a romantic vacation while she's on a six-week break from her tour. >> she looks great. >> so good. >>> another diva living her best life right now, kellyy's stepping into the talk show world. her new show was taped on friday and we have exclusive new details on her daytime gig. the first "american idol" has officially taken her "voice" to the stage of her own pilot called "the kelly clarkson show." according to an eyewitness inside, the stage reflects her country roots and looks like the inside of a barn. kelly's first celebrity guests include josh groban, terry crews and chloe grace moretz. our "e.t." source says the taping stretched for 4 1/2 hours. kelly cried at least three times while interviewing real people, including a homeless shelter employee. back in october, kelly told me it's hard to contain her emotion in the spotlight. >> i hope i don't cry on the stage tonight. i'm so excited, like, i'm so excited. you're trying to make me cry. you're trying to oprah me. you're trying to oprah me! >> no, i would not oprah you. >> as for kelly's hosting style? our source says, quote, she's not oprah, she's more like a kelly ripa. however

kelly, campaign aides, and president trump himself. (pam) meantime tonight: her recordings from inside the white house ... are raising concerns about a major security breach. cnn's briand reports. it's the heavily-secured, vaulted operations center- where president obama watched the killing of osama bin laden...where george w. bush commanded the invasion of iraq...and where omarosa was fired. (kelly-omarosa--) (omarosa: can i ask you a couple questions? does the president -- is the president aware of what's going on? kelly: don't - let's not go down the road. this is a non-negotiable discussion. tonight) some former u-s officials are aghast, that former trump aide omarosa manigault newman secretly recorded her firing by chief- of-staff john kelly, in the white house situation room. (clapper--)("you're kind of on sort of the honor system where everybody knows not to do that. that is a very serious security violation. so, it's just kind of unthinkable that that would happen.")larry pfeiffer agrees.(larry pfeiffer/former senior director)("absolutely egregious violation of security. it is the most sensitive and most secret and most protected place in the white house."pfei

god work by general kelly for quickly firing that dog. look, brianct to that language that he is using, that the president of the united states should not be saying, using language like that. what say you? >> he shouldn't. look, he inherited peter strzok. he inherited lisa page. he kind of inherited kept on james comey. look what he did. you had no idea, you would say, i don't like this guy, got to get rid of him. he was thrust upon with tillerson and made some choices there. he knew omarosa. he knew her for 10 years. the fact she is the at white house shul a the president's doing. and after the michael wolff book, when he went after michael wolff, he made him a multiweek best-seller. i thought the president would have picked up what he did, his criticism helped michael wolff. his criticism of omarosa and words he use are making him the bad guy, when she actually used recording device notice situation room. she was fired the way in which, we have to be fired we hope to be fired in very classy way. now she has all these tapes. she could look like the

kellie ridneck and i am the project manager. i am relatively new to this project. i am joined today i have our public information officer, and our project lead engineering brian degussman and contract lead and also joined by our contract monitoring division. the neighborhood outreach is pretty stand but we will do a little bit of extra things here so that because there is so much going on with traffic, with development and all of that, but what you see here is basic outreach noticing, thirty day and ten-day noticing when we start construction and the open communication with the community on-site we have our pio, public information officer visiting the site regularly, so being open to comments that are coming in. we do both mailings, physical mailings which will be the 30-day and 10-day an also on as-needed basis a newsletter in the mail, a hard copy to folks within a four block radius. next slide. we have a project website that has been up for some time and will be updated regularly. we also will have a newsletter, e-mail newsletter that will go out similar to what the city is doing now in the second street project that will go out on a regular basis and that is electr

brian air pilots go to join friday strike that has already disrupted the travel plans of more than twenty five thousand passengers they want the budget airline to give them a pay raise. i'm sorry kelly welcome to the program. australia's most populous state new south wales is gripped by its worst drought in decades with pastors turning to dust and heat waves scorching parts of asia including china and japan wildfires are raging in portugal spain and the united states so what is behind this extrusion weather around the globe well in just a moment i will speak with the environment editor but first this report on the high temperatures and fears that the earth's ecosystems could be irreversibly disrupt it . it's been more than fifty years since the state of new south wales in australia has seen a drought like this farmers pray for rain as their crops and livestock die some are forced to shoot starving cattle well others face the prospect of having to simply abandon their land on the other side of the world a similar story the french version mountains are simply too dry about half of this farmer's corn crop has already died in the us record temperatures are fueling the worst wildfire in

brian: a couple of things. everyone keeps reporting that general kelly is out. to have such control over the white house. he will doesn't have any control. he is so unhappy. when we have reached out in the past he says it is just not true. i'm not unhappy. things are going great. and then you hear that on july 31st it's going to be one year since he took the job and then after july 31st not only is he going to keep the job but has been offered 2020. he accepted yesterday all those rumors not true. steve: #fake news? brian: not true news. i know that. steve: meanwhile, this was true. yesterday, the judiciary subcommittee on border security and immigration had a hearing. democrats called because they wanted to know more about family separation. john cornyn great senator from the state of texas he was asked one of the experts who will suffer most if democrats abolish ice because there have been a number of democrats who have called for just that and surprisingly, the authority from ice said minority communities will be victimized the most because the people who are

brian: on every turn. >> he was very unpopular among republican primary voters there. and you see both kelliing to tie themselves back to the president. but even with all that, it looks like martha mcsally is the front runner. the last poll had her up by 20 points. brian: no presidential endorsement on that even though the president was getting pressured to go with mcsally, she is a veteran, too. talk about florida and we talked about ron desantis a short time ago. he has congressman, military veteran against the vernal adam putnam who has been training his whole life for this. putnam blew a 20 point lead. >> it's amazing. just a couple months ago, putnam had all the money, all the endorsements. he was the clear establishment favorite in florida. and then all of the sudden, ron desantis got the trump endorsement, the republican primary good housekeeping seal of approval. he has gone from being down 20. some folks say he could win by 20. brian: shows the president's power in florida. he won that of course, by just a points over hillary clinton. now let's talk about something that i think the

brian leaf, a s.f. public works gardener, who is singlehandedly leading the effort there on sunset. and by 37th, a really pretty area where they're reclaiming stormwater. also, will logsdon and kelly teeter. a ton of residents came out and they're including district 4 residents that come out and maintain a delta highway but for sunset instead to make sure there are drought-tolerant plants and it's also basically green infrastructure. so i wanted to give some kudos out. nicely done to the team. thank you. any other commission business? any public comment on what's been discussed so far? item 7, report of the general manager. >> good afternoon. the first one up is cleanpowersf update with barbara hale. >> good afternoon. barbara hale, assistant general manager for power. today's cleanpowersf update will include enrollment. we have a few items on the agenda that i will highlight as well. as you know, we're enrolling new customers. as of july 1, they're joining our program on the meter read date. the last described the 81,000 accounts that we serve. now with this enrollment process, it's 114,000 accounts. with that change, we're rebaselining the data we present to you. so i'm happy to

brian terry. i would like to say i'm grateful for the service and the sacrifice. and i'm grateful that we have an administration here in washington, d.c. with president trump and secretary kelly and now secretary neilsen that are backing it up. it is felt inside our border counties in arizona and it's making a difference for the better across the country. >> i'll just close by saying, when you strip away the politic, strip away the media attention. c.b.p. is 60,000 men and women, 40,000 plus sworn that chose a , life centered on a life protecting others. they're the best of us and that's the most honorable thing i can think of. mercedes: let's help me in thanking our wonderful panelists here today. [cheers and applause] thank you. i just want to say, i know we're waiting for the -- for president trump to come in and speak shortly. and he is one that i know understands and that all of the i.c.e. officers are, border patrol agents, the work that you all do. you all are the unsung heroes. you all keep us safe. you protect our homeland. and we thank you so much and i know the president appreciates all the great work that the men and women do for our country every single day to ke