that was only surging because wall street was drunk on bitcoin nonsense citron research founder andrewt joins us now. andrew, good to see you. >> hi, everybody we had a direct response from the cfo to your comments about bitcoin. they were very clear on the call and they've been very clear all along that this is a very small part of the business so when you talk about wall street being drunk on this bitcoin and bitcoin has come down, as karen has pointed out, how much of this is still in the stock, do you think? >> it's a very small part of the business but it's a very large part of the narrative. the truth is it's a credit card processing company that actually has take rates that will probably contract over time, like every processing company. so where do you go where the sas company, even though you many companies in that that are not sas companies. you say we're going to do something with bitcoin you do everything to keep the focus away from the core business even what i heard right, there bitcoin is a hook. we're looking to do something with bitcoin this is a $19 billion company. w

since sanctions were lifted in twenty sixteen we're talking about companies like carmakers renault citron drug companies santa fe and of course energy giant hotel that has invested very heavily in gas fields in iran french finance minister bruno lemaire has been very busy trying to rally people around he says europe needs to step up and do more and he says france is going to try and present some measures to block these sanctions the impact of them on french companies to the european commission in the next few days. so it's high time for your group to move from words to actions in terms of economic sovereignty it's high time it developed the same instruments the united states has to defend its economic interests. well only on friday we heard from one iranian minister who said that the european plane maker airbus is going to give a decision in the coming days on whether or not it will continue with its deal with iran and now basically airbus signed a deal with iran air back in twenty sixteen to deliver one hundred planes it was a deal worth billions of dollars but in this climate of uncerta

since sanctions were lifted in twenty sixteen we're talking about companies like car makers renault citron drug companies santa fe and of course energy giant hotel that has invested very heavily in gas fields in iran french finance minister bruno lemaire has been very busy trying to rally people around he says europe needs to step up and do more and he says france is going to try and present some measures to block these sanctions the impact of them on french companies to the european commission in the next few days. it's high time for europe to move from words to actions in terms of economic sovereignty its hard time it develops the same instruments that the u.s. has to defend its economic interest. well only on friday we heard from one iranian minister who said that the european plane maker airbus is going to give a decision in the coming days on whether or not it will continue with its deal with iran and i basically signed a deal with iran they're back in twenty sixteenth's liver one hundred planes it was a deal worth billions of dollars but in this climate of uncertainty nobody knows wh

we appreciate your insight as always michael farr joining us from the nation's capital >>> citron research founder and noted short seller andrew left has a new target and released it this morning it's inogen. the california-based company developing and manufacturing oxygen tanks mr. left believing that stock is worth $95 a share which is more than 40% below current levels. andrew joining us once again from los angeles welcome back >> nice to be here >> why this company. why now? it seems to be a way, way against consensus call >> i mean, you say against consensus call you may say the analysts >> that's where i'm going. and the notes are uniformally positive >> i've got you. there's no one who sits right now with you scott who can say that any company that spends $5 million a year on r&d can ever stay a leader in the med tech space. they are the most expensive company in med tech and medical supplies, either one and they have no pipeline whatsoever and they sell a comodicized product. it's had a growth in revenue we've seen this before in other companies. when you sacrifice r&d for earnings

pull out of the iran deal now what we're talking about is french multinationals like renault and citron big car makers drug makers sanity and of course the energy giant a total who have all been investing in iran ever since those sanctions were lifted back in twenty sixteen total for example putting a lot of money into that gas field and mentioning a little bit earlier now if those companies were to pull out that would be of course a huge blow to them and to iranian interests but all of those companies have interests in the u.s. and they simply do not want to see those interests jeopardized but what we're looking at are billions of dollars worth of trade between france and iran possibly being at risk and that is why the french finance minister bruno lemaire has been talking he has been saying that france is planning some measures to block the impact of those u.s. sanctions it will try and put them forward to the european commission at some point in the next few days but you know him as saying look europe really needs to step up and do more here. it's high time for europe to move from wo

jeannine: so this is a citron honey tea.nica: mnh-mnh. it's not my favorite. jeannine: okay. monica: honey -- mnh. because it can smell a little bit like bad foot odor. jeannine: okay, now we go into more of a fruity citrus. fruits and citruses, again, is a consumer favorite. jessica: see, i like that. monica: i don't like it at all. [ laughter ] lemonis: juli and chloe, you guys have done a lot in the last couple weeks with agilex, working on the packaging. why don't we go through the colors, just to see how the packaging in the boards works? chloe: for the packaging, jess created a pattern. and i think it would be really awesome for every line to have its own unique pattern. so we could have a lavender line, we could have a buckthorn, based on the different flavors. lemonis: yeah. nice job, jess. christie: i'm totally digging the label. the label's dead-on. chloe: this might be easier to see the pattern. it's really easy to show the different scents with the different colors. monica: it's... um... caity: in order for this

also square is going to be reporting earnings this is going to be interesting because andrew left of citrongoing to have him on "fast money" tonight to explain. >> he wasn't buying into the cryptocraze that square might be cashing in on. >> exactly >> not much reaction to the no action out of the fed. >> no. that was very exciting for me. >> it was really kind of a ho hum report today on the fed. >> we'll see how it trades into the close. >> "closing bell" starts right now. >>> i'm wilfred frost. this is "the closing bell. a busy day for investors with many wondering whether another round of big earnings beats is enough to get stocks moving higher >> i'm steve leisman in washington where the federal reserve has just given investors something new to think about >> i'm bob pisani on the floor of the new york stock exchange >>> i'm phil lebeau in chicago getting you ahead of today's key quarterly report from tesla. the big issue? cash burn. >>> all that plus love and war in online dating and a dire, dangerous, deadly warning from the cdc i'