fubo is not.here was another great movie in that era, "saving private ryan" and there was another acronym in there, fubar the netflix narrative. it's not even a comparison they have this fantasy they will be in the sports betting world when most states haven't legalized gambling it has been said over and over again, this is a sell. >> coming up, it has been a favorite of our traders, but has it paid off? and a minigame of shop it or drop it. he may be amongst the biggest fans of the show we will be right back. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't pe

and fubo tv is up 130% what do these massive moves say where we are in the markets. dan? >> you just said a corner of the market i would say they cornered the market in euphoria you can tell me why it's different this time. i will tell you why it is no different than in 2000 which led to an epic crash because of bubble valuations. this is not just on the bankers. this is investors chasing this sort of price action which is not particularly natural for all intents and purposes you just mentioned c3. it's dot ai. you mentioned fubo that went public a while ago and this thing is skyrocketing, up 20% a day for the last few days. i have people asking me about these names. i can't keep track of all of them how they aremoving is not natural. it is a wave, a trading mechanism. there will be severe losses in all of these things. it is a game of musical chairs if you are the last one looking for a chair. it could get nasty pretty soon >> i get it if you are part of this company but when we said corner of the market, we meant corner of the market is there some sort of broader risk t

look at fubo tv today. a remarkable move. you can see it is being pitched or received as something like the next roku. you see roku, a massive performer over the last years, up 1200% now you have a junior varsity version of tesla or a related play on tesla? sure let's try blink charging company, ev charging here -- flatten it out over two years. you see what happened to blink here after this monster move in tesla, it starts to catch up ad tech, a quiet part of the world of trade desk in recenters yao. mag magnite. they are being promoted heavily. they flying around various platforms like switch and tiktok and everything else. i shows you there is a new retail-driven energy out in the market man fasting itself mostly outside of the mega cap dominated indexes. >> we will hear from you over the next couple of hours consumer confidence, meantime, data out this morning falling to its lowest level since august. dana peterson is chief economist at the conference word joins us now to discuss. nice the he is you >> thank you great see

look, i think fubo sits at the intersection of three mega trends the first is the decline of televisionp and the shift to tv ad dollars to connected devices and, third, the fact that fubo has over 50,000 sporting events on the platform we also sit at the intersection of wagering as well. you have three mega trends and clearly we're excited about it and, you know, we're happy to see investors notice it. >> this one of the trends is the most critical for you right now? and to what extent are people asking you about whether you run head long into espn or if you're just an entirely different animal >>, no look, we're virtual our job right now is to really focus on video you know, its a duel revenue stream with video and advertising. we have done a great job third quarter monetizing we raised guidance higher. i don't foresee any issues we're strong partners with all of our media partners. so we monetize the content and give access to the platform. we think it's a solid relationship it's one we think will continue going forward. >> talk again about which of those trends and drivers you mentio

. >>> check out shares of the streaming service fubo tv.for the fifth straight day and it has double digit performance gains in each of the days. that stock now about 10% fubo mulling deals for exclusive live sports coverage stick around "squawk alley" is back in a moment >>> we got stocks near session lows dow near down 163. maybe on a reuters headline that just ran quoting sources saying the u.s. government will not impose covid-19 screenings for flights from the uk. meantime, cdc saying there is no evidence to suggest this new var yent in the uk is any more deadly we'll watch. this meantime, the treasury department is the latest victim to disclose they were part of that massive solarwinds cyber attack joining us this morning is one trust co-chairman to talk more about what this may mean of course, sir, the cybersecurity needs of over half the fortune 500 just yesterday closed a $300 million funding round valued at over $5 billion. allen, welcome good to you have >> carl, glad to be here thank you very much. >> i mean, i guess at this poi

some individual movers include shares of fubo, which is sliding after carousel capital became the firstt the stock carousel describing fubo's tv distribution model is outdated and saying the company's business model is structurally unprofitable it's down 17% today. now down 35% this week on the flip side, shares of western digital are soaring today. no particular news, but traders are saying investors could just be piling into the chipmaker into the end of the year you often see this little chase year end it's up 11% today and more than 20% this month and another day, another fresh high for bitcoin, crossing above $29,300 before reversing lower yeah, we're about 600 points off that level right now let's get to morgan brennan for a krnsz news update. >> happy new year. take a look at this. these are those voting lines in georgia. they look like the ones you discussed earlier. more than 100 people standing in the rain outside this poll willing side in cobb county. today is the last day of early voting ahead of tuesday's senate runoff. >>> target is recalling nearly half a million infant i

-- tonight on fast markets rally with indices record close are we at risk a burst, saying no, plus fubo flop coming out in a big way, headline that did it and what is to say about speculative names seeing the biggest surges this year. there's a bonus hour of "fast money" at 6:00 p.m do you have questions how to set up your portfolio in the 234u year, tweet us at c nbc "fast money. you may see answers live on air. >>> first, president trump signed stimulus bill into law giving life line to americans and avoiding government shutdown. we want to look back at words that define 2020 and market action that we saw dan, we want the to start with you, go ahead, what's your word? >> well, mine's an acronym, , e and amazon, they are 47% of the nasdaq and -- some of the biggest names. microsoft with $3 trillion market cap up 150% from march and up 85% year-over-year. second year in a row up 85% year-over-year when you look at these four names sadly they were made for this economy you think of the monopolies and the moats and balance sheets, investors shooting first, ask questions later. with these

. >>> up next, the semisurge in fubo tv flops. we are rounding out the final minutes of trade when we take you inside the last "mke neofhe year. >>> as a reminder you can always watch or listen to us live on the go on the cnbc app "closing bell," back in a couple folks the world's first fully autonomous vehicle is almost at the finish line today we're going to fine tune the dynamic braking system whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq does this come in blue? hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and

. >> mike you mentioned overheated names are pulling back fubo tv down 15% etsy the biggest decliner in the s&p 500. is this year-end profit taking moves to sell the winners. coit be a new trend, a new thinking about where to invest. >> i expect there is some taking chips off the table in some of the big winners. fubo, that was sort of a bottle rocket type of pattern we saw right here who knows where it is going to go from here it is still up tremendously as you see this year. i also think there is a sense out there that thing are getting overheated it seems as if people want exposure to the market they believe things are going to get better next year but that also tells like a consensus type call these people who are looking at the a signal who say maybe we could see a giveback in january they are rotating towards thing with more staying power quality. the biggest five stocks in the market all up more than 2%. >> all three of the afternoons set for record closes the russel is just in that territory as well as we stand. >>> president trump signing the latest stimulus package last nig

services and maybe get rabbit ears, maybe get an over the top tv service like sling or hulu plus or fubothem. they are probably not going to end up spending less. they are getting a lot more content for a little more money when you look at it that way. cheryl: and the cable providers know it. that's for sure. before i let you go real quick, only got like a minute, i wanted to ask you about social media. what do you think happens with regulation in washington for social media companies? >> i think that we have both parties just a collection of sissies who are afraid of their shadows and they love to make noise about how social media's bad so they look tough to their constituents. they can't agree on stimulus checks. they are never going to agree on social media regulation. they are going to make a lot of noise, nothing's going to happen. i do think that with the democrat in the white house, maybe business gets scrutinized a little heavier on acquisitions so i think the ftc will be tougher approving acquisitions but that's it. i don't think you are going to get a repeal of section 230. if

. >>> let's get to fubo tv caught in a steel cage death match. shares were up 25% on monday and more than 26% yesterday after needham said the rally in the sports streamer is far from over but the bears have the upper paw at this hour, down 9.7% after bmo triggered a selloff into the close. bmo moving to the sidelines on valuation concerns because you know what? shares are up 531% this quarter and yet they lost 274 million compared with a year ago loss of $6.9 million. yes, yes, their subscriptions are jumping. i get that. but hey, numbers are numbers. >>> call it a rest day earlier for peloton and nautilus. peloton actually was down, it's now up 1.25%. again, yesterday's news that it was tied up with precor sent peloton stock to its fourth record close in a row. in turn, nautilus got a halo effect as well. but profit taking slowing both down earlier and now just nautilus moving down 3.5%. peloton looking at a fifth straight record close, if it can hold on to these gains. >>> and when you take into account the strength building these two companie