a drop of 70% from where cronos traded prior to the call citron argues that cronos, quote, appears tobeen deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces unlike every other major cannabis player, closed quote citron goes on to say that sources tell them that in reality the agreements are too small to justify the premium investors are paying for the stock and they could be looking at a securities fraud case the stock fell another 10% midday they noted that copper field research also made negative comments in the form of a string of tweets shortly after 1:00 p.m. eastern time and shares plummeted 30% and its first day in four years and the stock was briefly halted midday. other pot players like canopy growth, aurora and tilray. these warnings come as cannabis growers are waiting for canada to legalize the recreational use of marijuana this fall and money pours from beverage makers looking for potential partnerships in the pot space. keep playing that pink floyd, melissa, back to you >> all right, bob, thanks. bob pisani a

a risk the big multinational companies in france denmark take companies such as total and purges citron have too much to lose the same applies right across the european union through a treat from doing business in iran could turn into a rout the ideal here is basically to suffocate the mean economy and to strangle its financial system so i'm not going to allow for anything that is going to enable iran to be able to enjoy a balloon of oxygen coming towards. back in the chateau rue the american flag is still flying above the bread factory called harry's a local entrepreneur in the town started the business after being intrigued by the squares of white bread demerit conservatism we're eating now it takes around one hundred thirty million loaves a year. the population is declining as young people move to find jobs the american sanctions meant to suffocate iran could also suffocate the town's hopes for the future david chaytor al-jazeera shot to the roof. now the diplomatic dispute between saudi arabia and canada over human rights is deepening on monday saudi arabia froze all new business wi

citron research says twitter could hit a new high saying it's more relevant than ever before and privacyrns are in the rearview mirror. >> and vf corp announcing to potentially split. one will be footwear and other will be its denim businesses >> all i wanted to say is this is about vans. vans have been their hot brand vf corp in its most recent quarter reported growth of more than 12% but denim is actually declining, down 1% so the growth is happening in some of the more athletic brands like vans. they've also got north face, an out doorsy brand, so this is the part of the company where the lee and wrangler jeans are in decline. >> it makes sense to split them up it sounds like there could be some synergies and simplications here >> yes, it sounds like it could be a stock winner for sure yes, if they want to focus, the other chatter out there det could open up to much more mma, look to add brands on both sides. >> but down 3.7% today we've got 33 minutes left of trade. the border markets are low down 71 pointson the dow, 0.3%. the s&p is down 0.2%, nasdaq pretty much flat chemical giant

just how real are contagion fear when is it comes to turkey >>> shares of twitter soaring as city citronns bullish. >>> and a wake-up call for the airlines, airports and regulators a ground agent steals a plane, takes it for a joyride, pulls off some incredible stunts before crashing. how could this happen? are more security measures needed how worried should you be? "power lunch" starts right now >>> and welcome to "power lunch. i'm melissa lee. stocks are lower across the board as you see here but well off of session lows. the dow was down 161 points. now down by about 80 s&p 500 down by 5.5. exxon mobil and jpmorgan leading the dow lower. meanwhile, lennar weighing on the s&p 500. crude is down more than 2% on rising inventories and fear about sapping demand from emerging markets because of what's going on in turkey. phil >> i'm bill griffeth bob miss san pisani at the newc exchange we are well off the lows. >> s&p 2820 was the low for the day. that was about an hour ago we're six, seven points off of that low i think the reason is partly because tech is holding up and health care. an

president for example we've got french automakers like citron dollar all saying that they will no longer do business in iran this has a lot to do with the fact that the u.s. dollar is the world's currency and remain so for now and that gives the united states a lot of clout the question will be whether or not other countries will listen to this cautionary measure by the united states and whether or not they will in fact when it comes to the oil industry for example nations like india whether or not they will look for the substitute sources really i mean this was always a trump campaign promise one of the key sort of foreign policy issues that really won over his base is this something is this america first in action that we're seeing here. it really is it's a trump campaign promise coming to fruition the argument always being that the trump donald trump is believe that the nuclear agreement the j c p a way that he withdrew from the united states from in may was didn't go far enough while it may have addressed and even members of the trumpet ministration along with european allies say tha

a risk the big multinational companies in france denmark take companies such as total and purges citron have too much to lose the same applies right across the european union through a treat from doing business in iran could turn into a rout the idea over here is basically to suffocate the main economy and to strangle its financial system so i'm not going to allow for anything that is going to enable iran to be able to enjoy a balloon of oxygen coming towards. back in the chateau rue the american flag is still flying above a bread factory called harry's a local entrepreneur in the town started the business after being intrigued by the squares of white bread via merican service and we're eating now it bakes around one hundred thirty million loaves a year. the population is declining as young people move to find jobs the american sanctions meant to suffocate iran could also suffocate the town's hopes for the future david chaytor al-jazeera shot a root malicious anti-corruption agency has summoned the former prime minister najib razak for further questioning a luxury superyacht at the hear

united states saying they won't do business in tehran anymore for example french automakers like citron even daimler so we expect that because the united states still holds the reserve currency the u.s. dollar having that clout is something that is forcing business leaders at least to listen to what the u.s. is saying reconsider their business relationships even if diplomats are not and kimberly i guess another way of looking at this from troubles perspective is that this is simply america first in action and that was a campaign promise. absolutely the u.s. president and the campaign trail that he did not like this agreement felt was a very bad in his words one sided agreement what he means by that perhaps it's an oversimplification but the trumpet ministration position is that the j c p a way which the united states withdrew from in may that's the the agreement that was negotiated by the united states iran other world powers to live in iran's nuclear program the feeling is of the united states that it just didn't go far enough that it only addressed the nuclear problem but not what the

. >>> twitter has had a level of relevancy than never before about execution on all fronts, citron expect new highs, target price, 52 dollars the rally on twitter is just getting started. >> already one of the busier stock options we might see twitter was the fourth busiest stock option today the busiest options were the august 33 and 34 strike calls. over 11,000 of those traded for 36 cents those are bullish bets that is going to be above 36 cents we would also mention that we saw some longer data call buying also over $4 for those 3030 strikes going further out about to january >> thanks for that, mike >>> up next, final trades and thtwtepo rule itr llests see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st.

. >> andrew left of citron research reactions, desk?'s very easy to argue that it's an expensive stock. i certainly have thought that for a long time. i will say that the rate tracing and the touring is a bit of a game changing and i think the whole gaming industry is on fire and i think these guys are at the forefront and margins in gaming have come down and that would be a concern, but it's hard for me to see anything structurally wrong here, and, you know, it may be a dangerous short. >> karen all of that may be true and i'm just afraid of the short side, right? things traded and they traded a ridiculously high multiple and now they traded ridiculously 20 multiple and you have to have a strategy if you're going to short and you have to know how much you're willing to lose. >> don't go anywhere much more "fast money" still ahead. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over

caroline: citron research analyst, great to get your opinion.ayfair for comment and we will let you know if the company response. coming up later this week, buffett on bloomberg. don't miss the world famous investor live on bloomberg tv, radio, and online. this is bloomberg. ♪ ♪ this is "bloomberg markets." i'm lisa abramowicz. caroline: i'm caroline hyde. it is time for the bloomberg flash -- bloomberg business flash. fears soaring about the of amazon.retailer it is now available nationwide. customers who buy tires on amazon can get them in stores at sears. walmart is betting that consumers who shop online probably do not want to mount it to the alert -- they have expanded their partnership with handy. to sell installation and assembly packages. they also will do other indoor job such as putting together desks or installing air-conditioning units. housing demand in the u.s. appears to be cooling amid higher mortgage rates. at theices rose in june slowest month in two years. that is according to s&p core logic survey. prices increase 1/10 of 1%.

we saw shares of twitter soaring today after citron research posted a positive report on the company.level of relevancy as never before, with privacy concerns in the rearview and execution on all fronts, "they expect a target price of $52. if you do not know the name, lead the story. joining us from los angeles is the man behind the call, andrew left. thank you for taking the time just because us. you see that twitter is relevant and a dollars for the relevancy, so explain how you brought them into this. andchinese news information platform that is privately held, how can this tell us where twitter is heading? it looks like we are having trouble. andrew: can you hear me? scarlet: we can. did you hear the question? andrew: yes, last week they were raising money at an estimated $75 billion. i am not saying it is worth that much, let's say $60 billion, $50 billion, but the important part is the format of it. you look at the shareholders of twitter, the larger shareholders, they discussed that this could give to the same format, the next level of social media and communications that we ha

a risk the big multinational companies in france dare not take companies such as total and purges citron have too much to lose the same applies right across the european union through a treat from doing business in iran could turn into a rout the idea over here is basically to suffocate the economy and to strangle its financial system so i'm not going to allow for anything that is going to enable iran to be able to enjoy a balloon of oxygen coming towards. back in the chateau roo the american flag is still flying above a bread factory called aires a local entrepreneur in the town started the business after being intrigued by the squares of white bread de american servicemen were eating now it takes around one hundred thirty million loaves a year. the population is declining as young people move to find jobs the american sanctions meant to suffocate iran could also suffocate the town's hopes for the future david chaytor al-jazeera shot to root. it watching the al-jazeera news hour from london much more to come on the program including twenty three people mainly young girls are rescued fro