readings why that may moderate in 2018 although my colleagues and i remain fundamentally bullish on faanganswer your questions specifically, when you look across the group you had stocks that traded low multiples lying an apple, for example. you have stocks like netflix which i cover which has relatively modest near-term earns we feel good about but the beta will be much higher than with a stock like apple. >> so you say these market share leaders are too big not to feel a consumer recession should something like that happen is it your position the likes of an apple will perhaps weather this more strongly because they are more like value stocks versus the netflix you mentioned? >> one thing we believe, trading on relatively high multiples, these businesses are clearly taking share and disrupting industries in the event of a recession, which we're not calling for but might happen down the road, we think the business will be resilient but multiple pressure worth keeping an eye on, particularly with netflix, much like pullback when growth rolled over a couple years ago. the business, particu

we saw it in the semiconductors, in some of the faang stocks. wednesday, semiconductors were down 3 and 4%. that was actually really troubling to me. it's fantastic that the s&p could be flat. but there's some underlying weakness here. >> one other quick point, one of the things that helps the index stay more stable than weakness and things like faang might do is when you start seeing sectors performing better. today that sector was energy what ends up happening is the index doesn't move around quite as much. that disguises must underlying volatility it makes sense to look to january or beyond. one of the reasons the vix is low is because the holidays are coming up. >> one really important point, we talk about hedging your portfolio or hedging individual stocks, doing it tactically, not as a program that would be a huge drag on your returns this trade is tactical, specifically looking to hold onto the new year if you're long stocks, this is putting on protection, right, in the s.p.y., into the new year. we could get a flash early in january when

>> yes, you may. >> sentiment is the biggest issue as it relates to faang when you look at all thosestocks, when you look at where analysts are, there's 45 buys, five holds, and no sells when you look at their out performance relative to the market, up 30, 40, 50% year to date to me it may not have much to do with how people feel about taxes or this or that or whatever. i think it has a lot to do with the fact that we can't get any more bullish the fact that the stock market hasn't had more than 3% selloff peak to trough in over a year, is setting up for a correction that will be bought most likely unless there's some sort of external event >> contain now ask my question and get an answer? >> yes >> what did you do today >> i'm trimming stuff going into year end, trimming some retail, trimming some energy, trimming stuff. i think sentiment is too ran-away here. i think while the world is a very good place, we're not pricing in any risk, i believe all the stuff i can buy back cheaper. taking 10 to 20% off the table is a good thing. >> do you think we're setting up for a correction soo

. >> faang stocks generally investors clamor to faang stocks when there's uncertainty, when there's earningspanies like netflix can crank out earnings no matter what's going on or amazon, you know, can grow no matter what's going on but if we do see a broadening of economic activity, then perhaps as brian pointed out, we will actually see value oriented sectors like industrials financials, even energy perhaps lead the way and so i was actually encouraged as it looked like this tax plan was taking shape that tech stocks were actually falling and some of these other names were leading the charge higher. that would suggest that investors are perhaps looking for broadening of economic growth >> brian, you suggested that maybe, and as jack was talking about, maybe there will be a rotation to some of the under the radar stocks as opposed to the faang stocks does that mean you might sell faangs right here if you were talking to one of your clients who had a large -- >> one of the interesting things about this environment is how long do you ride a rally you don't want to get out too soon or too late

up about, 40, and faang up about 50%. a great ipo market, right, so year over year, 37 tech ipos up from around 33, give or take and the performance of those ipos, 75% are up from where they priced and the average return is somewhere around 30% pretty strong tech market. looking towards 2018, what investors are actually looking for, they are looking to capitalize on big themes, whether it be machine learning, big data, a.i., vr, ar, autonomous that's what's been driving the faang stocks so far. they are also looking for more access to growth the big tech names grow on average 10%, so they want that alpha, they want that growth you couple that with the backdrop of the number of investable ideas has been shrinking. in tech over the last five, six years you've had the investable company market decline about 20%, 25% fewer ideas give you exposure to these big secular themes >> because they've been swallowed up by giants or what >> because of m & a, share buybacks, you've had that pool also the private side, private capital, p

he's got the names of three stocks he expects will outshine the faangs in 2018.o me a favor over at renaissance management give me the names here. >> well sure, liz thanks first of all thanks for having me on board. the faang stocks have been a source of comfort for a lot of people so far this year as you've noted they've been strong performers in the context of an overall comfortable market. i think if the prices on the overall market hold at today's levels for december it will be 12 straight months this year where the market has been up every single month and so as a result, first of all that's an unprecedented year but i think people have gotten a lot more comfortable with the stock market in general and with the f aang stocks in particular and sometimes being the most popular investment isn't necessarily a good way to make money. liz: just so you know we've got people listening while driving on xmchannel 113. i'm going to say the names of the ones that you like, because people say well what were they liz? dollar general, amat, applied materials, semiconductor

the repatriation, particularly for the faangs, these don't adequately reflect in my opinion for a google, so many of them. those are things as well i'm a little less optimistic on the infrastructure a lot of other things that are happening that are good also apply to the infrastructure names as well. plus there's this tax, i'm not where they ultimately came out, about deductibility of new equipment. is that still -- did that survive? i don't even know that >> i think it did. and to extend, if i wanted to hear some more eddie money right now, i would say the fed has upgraded their gdp forecast 4/10ths of a percent they've pushed it even further they say we're going to grow and the label market will continue to get stronger. freeport mac broke through, a lot of stocks have been running up against six-month resistance. if you get deductibility of some of this equipment, you get into the mining space, you get into a lot more projects and obviously infrastructure those are the trades that have been working for a long time a lot of people have been underweight this part of the asset class. mea

versus faang is just as interesting of a tech story. >> the bigger overarching picture that concerns me is they have a ton of debt, they're raising interest rates, they're taking that debt down. >> are we going to do this again? come on. >> they're doing it now. i didn't say they were going to blow up. i said they have a lot of debt and they're taking that debt down when you deleverage an economy, it slows down. so therefore stocks should go down that to me is what concerns me about china. >> look, i mean, last night, epix was my final trade, that's a buy here, it's a fine setup. in my opinion, look, china has been very clear, they're trying to slow down speculation they're going to pull the reins in when they need your feel-to >> guy adami -- >> not going to have a state agency declaring a liquidity issue. >> it's not up to them >> using the analogy of the bang-in, would you say they're banging on china this week >> 100%, tim >> the only hit from that album was "say it isn't so." >> that also fits into this discussion by the way, voices from babylon, third album, didn't do well. >>>

underlying weakness in the big market leaders this week we saw it in the semiconductors, in some of the faang stocks. that's something that makes a lot of sense wednesday, when the semiconductor was down and the s&p flat because of the rotation in financials and industrials and retail that was troubling to me it's fantastic that s&p could be flat, but there is some underlying weakness here. >> yeah. i mean one other quick point, one of the things that helps the index stay more stable than weakness and things like fang might do when you see other sectors perform better, today that sector was energy when you see that happen, what ends up happening the index isn't going to move around quite as much. that disguises must underlying volatility you're actually getting. it makes sense to look to january or beyond. one of the reasons the vix is low is because the holidays are coming up. maybe people aren't -- >> i just want to make one really important point we talk about hedging your portfolio or hedging individual stocks, doing it tactically, not as a program that would be a huge drag on your return

are still selling -- i'm not talking about alibaba and tencent and chinese companies or any of the faang stocks, but a company like microsoft, which is a leader, is still -- apple, they're still trading at reasonable valuations. >> got it. mike, nice to see you again. >> sue, great to see you, tyler. >> now to the fed. >>> the central bank raised short term interest rates as expected. it's ready to hike a few more times in the new year, maybe three more. it was janet yellen's last news conference as chair of the federal reserve. as hampton pearson reports, she started by giving an >> reporter: at its last meeting of the year, federal reserve monetary policymakers raised key short term interest rates for the th in 2017. updated forecasts see the economy growing at a 2.5% rate next year with unemployment dropping below 4%. monetary policymakers feel the economy is strong enough to possibly stand three rate hikes next year. >> when you look at the projections, that there are many factors that affect those projections and changes in tax policy that's only one of a number of factors. >> repor

the faang names are up 35 to 40% on a year to date basis. it makes sense. there are provisions in the tax bill, especially if the corporate amt stays in there, that would be negative for them. but it would have a negative impact on what we would like those corporations to do, research and development, repatriation, and capital. it's that end of the year, if you take profits, you take them where they are. if you're going to rotate into some of the value names, which you've seen a lot of in financials and energy and industrials and some of the retail names, the technology is being used as a source of funds, right? so it's almost like it's a source of funds to make that rotation. i think that rotation is coming to its end. we probably won't be talking about this next week. >> art hogan, the man with more logos behind him than anybody i've ever seen. take your pick. art hogan, always good to see you. >> thanks so much. >> you bet. >>> on wall street, investors appear to be in watch and wait mode. the dow jones industrial av slid 39 points to 24,140. the nasdaq

. >> as we've mentioned, tech has been rallying across the globe, including the popular faang names in the united states the chart master says one of the groups is overdone >> their relative performance to u.s. tech is quite poor for the fourth month in a row. let's look at a few charts and try to have a thesis here. i think you want to stick with u.s. growth, tech growth versus let's say chinese tech what i've got here are the names you know and there are six of them. and they are big and important and they are all appreciating aggressively let's go to the next slide here are six others, you know them five of these, the largest five stocks in the s&p. then there's this smaller guy, netflix, but important nonetheless. six u.s. tech stocks worth $3.4 trillion those asian stocks were worth $1.2 trillion. now, let's look at a few charts. here is five years what we've got is just what we were discussing as a group there. chinese tech, massively outperforming this u.s. basket take a look at the past two years. again, chinese tech, outperforming. let's bring it in a little closer here is the

traders to position -- >> it's going to thing that faang will be under that roof because amazon maythat one that doesn't really fit in terms of pure communications services. a lot of this stuff is judgment calls. it's not so much that it's clear-cut. i do think it makes sense to do this to get rid of this orphan telecom sector and to acknowledge that there's a lot of bleeding over the industry lines here >> people will be gaming this out here, especially with passive investing being so important. >>> whenever a celebrity joins us here on closing bell, we ask what their biggest money mistake has been 2017's best answers are coming up >>> also coming up on "fast money," a top technician betting on a big breakout for one sector sector you can find out at 5:00 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 tradall s. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated

. >> bill, you think the faang mystic is decelerating what does that mean?e had a massive momentum market for two years up until about a month ago, combined with a ten-year stretch of growth pounded value into the dust. and the wrath of value is raising its head here. you know, value just clobbered growth since the 24th of november and that's probably around the time the window dressing got done for everybody wanting the end of the year show they own facebook or google to make everybody happy they hadn't done better, combined with the pressure coming off the tax selling simultaneously so you can see the tax loss selling stocks are roaring even before the january effect kicks into gear. >> right but, you know, typically people are selling in december, and then you kind of get that rally in january, right, bill? you don't think that's going to happen this time around? >> well, there should be a fallthrough rally in the things that were miserable, right, the retail, the old media, the pharmacy basically -- >> yeah. >> -- the amazon death list is doing great rig

that gives you the right to use the faangs, right, to use amazon, to use facebook, to use netflix, to just don't see that this change is going to lead to massive pressure we'll have to see. i mean, the cards will be now at a comcast? y if you will but i think they're going to work more together more than we think. i'm not surprised that the faang stocks actually didn't sell off on the news today. >> you don't see any change -- i don't know what you think, dennis, on the margins, could their treatment by the comcasts and others of the world be different? >> on the margins -- >> squeeze their margins -- >> on the margins, they could extract higher rents from the likes of those guys. those guys also have their own leverage, too. you see it in health care at the same time. that's what's so interesting, you see massive conglomerates with different business models created in health care and new variants created in media. one just today disney the range of their assets is just breathtaking right now. >> yeah. >> this really sets up war of big versus big you know what, in the empnd, tht kind

. >>> the whipsaw action continues this week as money rolls back into tech and semis and faang to somerts, media, retail giving back some of their recent gains. dow down 20. we're back in a minute 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. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >>> jim, what's tonight on "mad money" >> a little tech company, hot as a pistol and then cyrus one, why is that important? a lot of people feel the selloff is because the data center is slowing. i haven't gotten that, but we'll go right to guerra the data center slowing would be a major r

they're addicted to faang. it's not going to end.hey're dead but they come right back as soon as you get a number that is not growth >> because they grow a lot, and they don't sell at incredibly high multiples >> you're not going to endlessly buy caterpillar. i think that, just the way it is >> the end doesn't, but otherwise. >> yeah. >> in some cases there's no expectation of a profit. >> no. >> at li not in the near term. >> no. we didn't mention ge yet i just did it. not a winner in the bill not a winner >> we're going to get "stop trading" with m jiin a moment. dow up 19. don't go away. [ mouse clicks, keyboard clacking ] [ mouse clicking ] [ keyboard clacking ] [ mouse clicking ] [ keyboard clacking ] ♪ good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. talk to one today and see why we're bullish on the future. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network secur

those handful of stocks, everyone calls them faang.here are a host of other names that fit under that category as well now when you look at the tax plan, what's going to -- amt was thrown out it wasn't supposed to be in there. now it rears its ugly head again. so if you have an effective tax rate, a blended average, so to speak, right, so if you're an s&p 500 company, you have money abroad, you have money here that you make if your blended average is lower than whatever that corporate tax rate becomes, you in effect get a tax raise. >> exactly. >> plenty of people in this country are going to get a tax raise. plenty of them are in new york plenty of them are in california plenty of them in these blue states, but the problem is there's not anyone who really feels crazy bullish about this tax plan, especially these large cap tech companies that so much of the money has been made and no one wants to lose any incremental performance. >> so this is why the market's selling off right now? >> so i -- yeah, would guess. >> are getting around t

jonathan: you are anticipating another year for some of these faang stocks. that? 40%, 54 -- 50% gains? james: this is only 36%. [laughter] there is one company that can continue to exhibit the kind of momentum we saw in 2017. amazon. there are more question marks around facebook and google and regulatory concerns and things like that. competition on netflix. at the end of the day, amazon is the one horse you can truly bet on in the 18. jonathan: -- in 2018. jonathan: is is the value trap? that everyone says europe is undervalued and the united states is versus europe overvalued? but these guys are not listed on the european index. there's nothing like faang in europe. ben: european offerings look extremely depressed. they will not recover next year. is i have noe problem with u.s. evaluations and where they are. u.s. equities are by far the most profitable in the world. what is interesting is a number of levers tech has to pull. the relative lack of buybacks they do. the profitability they have not started pulling any levers yet. brian: the biggest consensus

gone on for years and years will take a powder maybe the second quarter, they'll get back on those faang names again. >>> our next guest says there are three names that you want to buy right now. hi, rich >> hi, melissa i've got three strong buys and it all starts with microsoft it really doesn't get any better than this. big 17-year base of support, okay and we break out on an absolute basis. you've seen that this is the most massive base, is the president might say more importantly, look at relative to the s&p. once again, a breakout relatively and absolutely to a 17-year high, that's compelling. you don't see that every day let's keep the big cap tech moving here into intel you know the name. it's similarly bullish you have this multiyear base of support into one of our favorite continuation patterns, the bullish flag we bought the dip in chips and we're going to buy the rip this stock can go to $60 microsoft and intel are at the top of your list from tech to texas, we'll take the other side of that trade as steve alluded to, this is chevron, up about 2 to 3% to date, that's a laggard

look at what the chips have done up to this point, an 8% pullback is nothing i go through all the faangs and most of the major nasdaq big tech companies, not one of them is off more than 10% except netflix. >> the chip stocks have pulled back 8%, that's over three or four days, though. the speed at which they've pulled back and the fact that they haven't recovered at all. >> the speed and velocity of this market is something we've been talking about a little bit more, a little bit more, the speed, how fast things start to move around. take a look at financials. since thanksgiving, they're up 15%, some far more than that, bank of america 24%. some of these names have rocketed to the upside look at the movement in some of those names. >> we've not had a sell the rips market at all. now all of a sudden -- >> they're not really selling it, scott. i would push back a little bit the market was up nearly 350 yesterday, i get that, but at some point you really do sell the fat. that goes on all the time. i don't care what the news is. what we've seen, i agree with pete, the rotation has been very

emerging markets have those opportunities but the way i look at it, the largest names in tech, the faangcks and a couple others in key industries within tech like cloud computing, the relative fundamentals, i. ee., their fundamentals compared to everything else haven't been as good for probably a couple decades. i've been doing this a long time i like them fundamentally but i'd like to buy them only on downdrafts in their stocks and we probably at some point particularly in the beginning of 2018 will have those drops in the stocks to bring some good buying opportunities >> all right ian, you raised your hand when we were looking for a bear on technology i guess it's because you see growth slowing in the new year is that the idea >> yeah, i mean, if i look at the end markets for tech, and it's corporate and consumer, in the consumer market, handsets aren't going to grow much the next two years pcs aren't going to grow at all. automobiles are going to slow down in terms of growth. and the consumers running debt at all-time highs. if i look at the corporate side of the equation, cap-x to me

you picked some of the faang to bees and pensions for firefighters and police have done wellly we'llhe new york city pensions are the 14th largest pension in the world. >> the world. liz: for our entire country you've beat out certain countries. >> i'll tell you something this is the retirement security of our heros, firefighters, teacher s, police officers city workers who rely on a small pension and we try to do everything we can to protect them. liz: thank you scott stringer they might like when shares of these companies do well under the tax plan but we shall see. scott stringer of new york city closing bell, 16 minutes away. the aforementioned charlie gasparino digging more deeply into that drama surrounding how the carried interest loophole survived despite challenges from multiple members, not totemic side or republican side but from the trump administration and the president himself. charlie breaks it and follow me on twitter, we tweet out all of our segments and give you a head s up on charlie's latest scoop. don't go away. cannot live without it. so if you can't live withou

three great ways to play technology, microsoft and vmware in the software space and facebook in the faangspace. >> if you weren't on the desk i might not invite you back. >> he's going to be homeless what's he going to do? come on back >> tim, your pick of the three >> i like facebook facebook has priced in a lot of challenging news the headwinds coming out of europe obviously the stuff in terms of privacy is a big deal here i think they've also let the market know they're going to spend a ton to control some of the factors in their business, including the media side of it, that have gotten a little away from them. the fact that this stock is holding this ground, that is bullish. >> another big advantage that they're going to have is they haven't monetized messenger yet. they've hinted that's going to be coming. analysts have been putting concepts around that that should be possible over the next couple of years >> what do you think payments >> messaging in general. >> paypal is a massive lever for this company to pull when they bought whatsapp a few years ago, they said they wouldn't put

jim earlier said you have to watch faang.up that let us down, and trying to attract some bids today. >> yeah, i mean, the theory being that if they're what led us higher, they led us down now. if they're going to come back, they're going to retain their market leadership position that we have seen so far this year. >> some of the recent leaders lagging. banks amongst them not down sharply at all. yesterday, we got insight into the trading quarters which have not been particularly good the lack of volatility hitting the banks. they had been beneficiaries most recentry of the market's positive feelings about the tax cuts and the benefits that would be construed on domestic taxpayers, many of which are the banks. >> jim also said last hour, watch the defense stocks in the wake of the president's decision to move the embassy from jerusalem to tel aviv. we see them higher by 1% >> for the economy and more, we're joined by alan greenspan and a cnbc exclusive dr. greenspan, always good to see you. good morning >> good morning. >> we

we've spent the whole year talking about faang stocks and semiconductor stocks because of their tremendous earnings growth now there's other sectors that may get some boost today not surprisingly most of the stocks are moving to the downside and seeing other se sectors that may get the boost from tax cuts moving up. by the way, guys, we're not out of the wg about maybe postponing it to 2019 and the president made a comment saying maybe we'll do 22% instead of 20% that would change the calculous a little l bit as with el. back to you. >> all right, bob, thank you let's get an update on that. high hopes for tax reform have been one of the main propellants for the market rally since election day 2016 so it's not quite a done deal here eamon javers in washington 2 with the very latest what's going on, eamon >> reporter: hi, bill. republicans proved they did have the votes in the united states senate early in the weekend. now the question is how are they going to iron out the differences between the senate bill and the house bill? we're waiting now for congressional leaders to announce the memb

. >> i think it's more interesting to look at whether they sell faang. >> okay. >> going into year endthey buy energy and retail we've seen them buy retail watch energy that's the laggard see if that one rallies. much more interesting to me until the story develops even more. >> steve, thank you. have a great weekend steve grasso bill >>> when we come back,drama, whl prosecutor robert mueller's investigation could go next. coming up. my name is cynthia haynes and i am a senior public safety specialist for pg&e. my job is to help educate our first responders on how to deal with natural gas and electric emergencies. everyday when we go to work we want everyone to work safely and come home safely. i live right here in auburn, i absolutely love this community. once i moved here i didn't want to live anywhere else. i love that people in this community are willing to come together to make a difference for other people's lives. together, we're building a better california. >>> so, very volatile day at the low, the dow was down 350 points as michael flynn was pleading guilty to lying to the fb

but if you look at the rotational value, you have to look at what was getting sold tech stocks and faangs that were way overextended and in fact, that selloff in tech that helped support some of that move higher in value, that was just like the earlier selloffs we saw earlier in the year so i'm not really looking at that i'm looking at that as almost a very logical and expected sort of tactical move i'm not looking at that as sort of a big turning point to say you have to go into value and you have to underweight tech next year. >> you're not saying switch from the sectors that have been working? >> only on a tactical basis. strategically, through the end of next year, i think tech will continue to be an outperformer >> jeff, your take on whether the markets can contain the gains we saw this year into next year >> i think it will i agree with mike. i think if i only two sectors to invest in, it would be the technology sector and i like the financials your previous guest before the break came on and talked about that the reason why financials are going to have the wind at their back i wou

meanti meantime, faang, facebook, amazon, apple, netflix, google, came in as a close second followeding short volatility. >> yes. >> given the kind of year we've had, no major surprise, mike i don't know what it means, are institutions crowded into bitcoin? >> i have a feeling when -- first of all, it means merrill put it on the survey, so, therefore, a lot of times when you do get results of the most crowded trade, it literally is what people, themselves, own i would doubt that's the case. these are global fund managers i think it's a sense of this came out of nowhere. it's a tremendous monstrous percentage gain this year. therefore, if i think it's not worth much, the fact it's going up at all mean it must be crowded. >> it must be crowded. kevin, are you crowding into it? >> i'm trying to find an institutional investor now that the options are available in the futures. i can't find anybody that's institutionally taking a position in any cryptocurrency so this must be very, very thin. a lot of people all around the world buying small incremental amounts. it's very entertaining i'm

7,000 on the nasdaq which i never thought i would see, and what's interesting is, it's not just the faangt today is at an all-time high cintas, the unicorn maker, people saying we're going to see more jobs and more unicorns. >> all right we go out with new records two weeks left in the year what more can happen maybe it depends on what happens in washington. we have an update on that coming up on the second hour of the "closing bell" with kelly evans and company. see you tomorrow, kell >>> thank you, bill. welcome to the "closing bell", everybody, i'm kelly evans what a day we have on the close here on wall street. looks like the nasdaq just below closing at 7,000 for the first time we did trade above that level earlier today. still that represents a record close for the nasdaq with about a, let's see, about a 58-point gain there 9 6 6,994 is the new record. the russell closed at 1,548. the broad market s&p up half a percent today. the russell up more than 1%, by the way. the s&p adding today about -- nearly 15 points to close at 2,690. a record high. the dow up just more than half a perc

also lead but it was really the old-school tech, oracle, cisco, ibm, those kinds of things along with faangd but aggressively you're seeing this underlying current in the market, little more of a value tone that's probably going to continue apple is a value tech name. >> uh-oh, you just called apple an old tech name. >> a value tech name >> value >> an old value tech name. >> apple's been public since 1980 >> there you go. it's old. >> you are killing them right now. they don't want to hear this in cupertino. >>> up next, let's talk tax reform for a moment. gop leaders hoping to have a final agreement to vote on by the end of this week president trump is expected to talk taxes wednesday in an effort to push things along. the treasury department out with with a new memo saying the bill we pay for itself agent rate additional $300 million over 10 years. >>> a new poll by urkts"usa tody and" suffolk university shows low support for major legislation in three decades. 48% are opposed. mitch mcconnell says once people see it, they're going to like it, echos of obamacare but turned around a littl

we begin with the latest chapter in what i call the faang wars. >> are you trade marking that name >>shouldn't. amazon resumes sales of google's chromecast and apple tv. a detente, as much regulatory reform, these tech platforms don't want to be seen doing anything anticompetitive >> the thing that all the big tech companies understand is the enemy is not really their competitor or people they perceive as their competitors. it's people in washington, people in brussels, the regulatory authorities >> i vehemently agree, so we'll move on. tesla is being blamed for the drop in home solar installations in the u.s. after years of double digit growth. it all comes down to tesla's acquisition of solarcity which halted their expansion installations are down 42% year over year as a result. >> aggressive marketing means they're selling stuff too cheap. my guess is somebody ran the numbers, my god, every solar rooftop we install is costing extra. >> finally, remember the skirmish between papa john's and the nfl over whether anthem protests were hurting pizza sales? papa john's ran that back, but