steve grasso brian kelly and guy adami. tonight on fast, apple and alphabet, a pair of a's rocketing to all-time highs to close the week how to trade the sector that seems to go no where but up. but home builders have a millennial problem and may not be what you think. we'll have a look at the impact on the housing mechanic. look at the mystery chart, a different day than the rest of the market oochlt red there steve breaks down why he is keeping his eye on that one. by start today with the monster rally on wall street driven by a blowout jobs report. the surge in payrolls helping the dow and s&p post biggest gains in more than a month the s&p erasing sharp losses from earlier in the week the focus now turns to the next week fed meeting, the last of get this not just a year, the daektd. >> yes. >> the decade end era. >> what a decade it has been. >> don't get guy going on the decade that was the fed. >> don't get me going. >> turns into an ugly show. >> only a half hour show i'm happy. >> are you happy always happy. >> hear

i'm brian sullivan your traders tonight on the desk are tim seymour, steve grasso, brian kelly and dan prime rib nathan tonight on "fast money," a with wild ride on wall street new records all around but with the big hang-ups seemingly out of the way where does your money go from here plus the weaker retail sales number spooking bulls? but was the number as bad as some think is the american shopper alive and well we find out later. your chart of the week we'll find out what has b.k. so kited about the -- settle down -- about the record run so much ahead. but we begin by taking a page right out much a christmas carol. we need wilfred to do this all year long, the markets have been seemingly haunted by three ghosts but this week we have watched them disappear one by one. first, the clarity that the fed will keep rates where they are throughout perhaps all of next year next last night's uk elections gave us clarity on brexit's path forward. no more questions. it's going to happen and this morning, perhaps the biggest specter of all over the market, trade and relief on tariff and more ag b

tim seymour and karen finerman and steve grasso ton and fast, a megachip rip micron shares surging in the after hours. the company reporting what it only be described as a blowout quarter. but is it worth your money still? we'll talk about it. plus tesla rocketing to a new all-time high. issue should you ride the rally or brake yourself for an electricslide in and later cal it a microscope on 34th street we tell you which retailer spreads a little holiday chiara. very good holiday for this one name all right. that's not obviously all that's going on today so let us begin with the latest developments out of washington, d.c., we are looking at the live look at the house floor. lawmakers are closing in on a vote to impeach president trump. kayla tausche has the latest details. and the likely time line for you now, kayla. >> brian, there is roughly two hours left of debate and remarks from party leadership before the house takes up a vote on two articles of impeachment against the president of the united states we just heard from the two congressman from texas moments ago. republicans hav

. >> so if we get a deal, steve grasso, or maybe more likely the president says, you know what, we're getting there, let's punt another 30, 60, 90 days, does the market go up >> the market goes up. and i believe if those tariffs go into effect, the market does knee-jerk sell off and then ends even higher than where it is right now. >> i thought tariffs were bad? >> we haven't really seen that, though we're at all-time highs or thereabouts in the overall market we haven't really seen that come home to roost. we've seen people broaden their supply chains around china china is still getting hurt. the u.s. is still winning. 3140 in the s&p, probably end the year at 3200, 3250. >> i just have to say that i think you're exactly right, karen. from the standpoint of nobody really knows right now and this is all guesswork the reality is, brian, the vix isn't telling us people are overly panicked at this point in time the vix trading around 16 or a little less tells you you'll get a 1% move per day. we got down 108, that's not a 1% move so the vix is trading a little higher so there's a little

grasso subsequently retired in 2003, in public outcry about his pay package. got to tell you, he was worth it but the next thing you know, a true champion of the little guy had departed from the scene, and since then, no one has taken up dick grasso's mantle maybe it was decision decision to avoid linking to a disgraced class they wanted to run from. maybe owning a piece of america became a relic, a thing of the past maybe it's the joke of having hundreds of etf who lose money or miserable double and triple etfs that separate from their money on a daily basis we used to have leaders who championed owning individual companies. now we have nobody, or at least nobody with any power. you throw in all the scandals, the chicanery and the completion lack of punishment for the executives who nearly brought down this economy and this country during the great recession, it's easy for bears commentators to grab the microphone it doesn't matter they've been consistently wrong about the stock market, this is a cynical year where saying anything negative sounds smart. if yo

i'm staying long it. >> steve, thanks for joining us. >> thank you >> steve grasso. will devethchk t tle each day our planet awakens with signs of opportunity. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> check, plooez. >> the market is on pace for its fourth green day in a row, no reference to the band green day, although i do like green day "when september comes," great song one thing that was very interesting on the day of the trade deal announced with china and various other economic things, the one thing that was not mentioned that day and has not been mentioned until now is impeachment. it is amazing to me how the market has absolutely discounted what it thinks is going to happen and play out, and i think lots of people would agree with the market's assessment

cnbc "fast money" trader steve grasso has been trading all of today's action from the new york stockteve >> hey, melissa. >> you've been a steadfast believer that a trade deal will, in fact, get done. are you still in that camp, before the 2020 election, that is >> so, i do believe you'll see some sort of a deal get done, but the point is is that it still keeps the bears on their heels if the deal doesn't get done so even if you short this market, you've been run over umpteenth amount of times, and i would expect that would be the case if it happens yet again, if you lay those shorts out yet again, you game yourself to get steamrolled yet again with the overall market >> that doesn't mean that you don't trim positions, though, because the risk/reward is to the downside >> sure. i mean, it depends on what your time horizon is, but just think about who has a vested interest in this market going forward it would be long/short hedge funds. if the market goes lower, their longs will underperform more than their shorts will outperform so for them to catch up, they need the market to move h

forgive me, it's been a long day, grasso. >> i think that disney for me. netflix is actually a sell at these levels it's had an unbelievable run i was tremendously bullish on netflix, love the product. i think you're going to see their multiple shrink and disney's multiple expand how about the theater stocks, amc, cinemar demolished. that's a gone era. it's all about your living room now. it's all about all the other streaming that you want to look at but it's really crazy to me that disney -- people are second guessing this now. that multiple is going to expand even further. >> i think that those theater receipts that julia just told us, disney had 40% of them in 2019 that's really important. that's going to fuel disney+, that's going to fuel the competition with netflix when you think about all the money netflix is spending losing on a free cash flow basis to create that content, disney already has the infrastructure to create that content and they get paid how many billion dollar names did they have in the theaters, five or six or something like that to

trade resist on the deck for the final show of the year and decade steve grasso chyron finerman dan nathan and guy adami tonight on fast pop the bubbly because the market handed in the best year since 2013 all 11 s&p sectors inhe finishing in the green and it wasn't just in the u.s. nearly every major global market and asset class saw positive returns in 2019. the big question, what can you expect for the money heading into the new year? it's time to break out the 2020 playbook guy adami, what do you have for us >> first of all, courtney in all the years we've been doing the show this is the first time you hoeft. on behalf of all of us i wish -- amazing to have you. >> great to have you. >> thank you, thank you. new kid on the block here. >> it's fantastic to have you. in terms of what's working next year listen i've been wrong for months in terms of market direction. but right about a few things i think hsh is absolutely toing well in the first half the upcome year. you look at big cap pharma pfizer marc, eli lilly unh off the map. hospitals doing well you mentioned energy i don't know if

june grasso, thank you for that. and of course, greg farrell.up, balance of power continues on bloomberg radio. we are also watching markets as you see that we are having just a little bit of a drop for the s&p 500. . down 2/10 of 1%. still, several socks higher. some of the retailer up more than 3% a piece. we have apple suppliers up 2.5%. "balance of power." "balance of power." this is on bloomberg tv and radio. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. mark: i'm mark crumpton with bloomberg's first word news. the house judiciary committee received a detailed summary of the impeachment case against president trump as democrats prepare formal charges against him. the president and his allies lodg

joining us now for the hour is steve grasso from stuart frankel. we've got to stop meeting like this >> i know, i know. >> we talked about this last night on fast money 5. what's going to happen if there's no trade deal? >> what's going to happen if the deal is extended and what's going to happen if a deal gets done there are three scenarios. quickly walk us through each one. >> if the deal gets done, the market shoots higher but it's only phase i of a deal. so i think it has a lot more ammo in its ability to move the market progressively higher from there. nobody expects a deal to get done anytime soon. you're talking about tariffs going on or not going on -- or not coming back on for me, if they don't get put on, the market rips, if they do get put on, sells off and it's a buying opportunity that's it. in a nutshell. you have to realize that every time this market sells off, the buyers have come in. who's going to short the market knowing that you not only have one phase, but two phases or three phases of a blowoff top in the overall marketplace?

. >> number four, steve grasso sees green in apple's future >> if iphone sales surprise to the upside and there's more of a demand, now you get services along with hardware working at the same time. and that's why the stock can't go high. e mb teealisomthnuerhr cl cing up next on "closing bell." >>> 2019 was a big year for the space race morgan brennan joins us now with a look at what next year could bring. hi, morgan >> hi, contessa. that's right it is poised to be a groundbreaking year for space exploration, for satellites and connectivity, and for investment in the sector, as space closes in on becoming a $1 trillion economy. 2019 was another year of firsts, as spacex started deploying its satellite constellation, blue origin teamed as a prospective prime contractor and virgin galactic became first of the commercial space start-ups to go public 2020 will be the year commercial space emerges from science circles and policy meetings to become a main street and wall street story first, a new era of human space flight virgin galactic and blue origin will begin flying paying passengers

steve grasso brian kelly and guy adami.onight on fast, apple and alphabet, a pair of a's rocketing to all-time highs to close the week how to trade the sector that seems to go no where but up. but home builders have a millennial problem and may not be what you think. we'll have a look at the impact on the housing mechanic. look at the mystery chart, a different day than the rest of the market oochlt red there steve breaks down why he is keeping his

tim seymour and karen finerman and steve grasso ton and fast, a megachip rip micron shares surging inrting what it only be described as a blowout quarter. but is it worth your money still? we'll talk about it. plus tesla rocketing to a new all-time high. issue should you ride the rally or brake yourself for an electricslide in and later cal it a microscope on 34t

traders are steve grasso, dan nathan and gia dam uy adami tonight on "fast" shares of tesla hitting thete the company marking a major milestone in china we'll have full details ahead. >>> plus, well, wells fargo's mike mayo says we're entering, quote, a golden decade for banks. why he says the sector is in for its own roaring '20s check out this mystery chart on pace for 10

i'm brian sullivan your traders tonight on the desk are tim seymour, steve grasso, brian kelly and dan on "fast money," a with wild ride on wall street new records all around but with the big hang-ups seemingly out of the way where does your money go from here plus the weaker retail sales number spooking bulls? but was the number as bad as some think is the american shopper alive and well we find out later. your chart of the week

. >> i like dick grasso. >> he was promised and deferred compensation for years >> i'm trying to paintsame fat cat brush and you are not allowing me. by time you got there, it was owned by >> intercontinental. the rules around private jet use are very stringent the days of i'm going to use the jet, you get ousted by dan lobe if you are using the jet for personal use. >> he'll fly on his personal jet to see you to tell you to stop >> doing business in china ahead of the tariff schedule we'll talk about the comntmes. bloomberg flies all over the climate smeeti climate meeting in his jet i'll. i'll. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? sharing my roots. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily a

i'm becky quick along with andrew ross sorkin joe is out today our guest host this morning is steve grassocnbc market analyst. we've been watching the futures. it looks like the dow -- dow futures are up 35 points s&p futures up by one. the nasdaq up by almost 5. also been keeping an eye on the treasury markets and yields have been pushing higher. ten year right now looks like it's yielding 1.949% so almost back to 2% >> want to tell you about some of the big stories investors are going to be talking about today. here's perhaps the top one iac planning to separate match group. iac holds a controlling stake in tinder that is expected to be a tax-free spin-off. the companies anticipate completion of the transaction in the second quarter of 2020 you're looking at match group up 3%, little more than 3% right now. it had been telegraphed before barry diller calling it the anti-conglomerate being part of their strategy to create and bring in companies, fix them, grow them, then spin them out. what did we say the number was, $58 billion worth of values created. >> the project has been spun out to

grasso. good morning and thank you for inviting here today. as amount of section children and also with both my own mother and my grandmother diagnosed with cancer in recent years i understand the need to take leave. families are the foundation of society and to think it's important they be able to care for one another. we also have to recognize that paid family leave as costs and consequences. a government program can't erase those cost. they can only redistribute them. voluntary employer-provided policies work better because they can balance workers and employers need at minimal cost and consequent is. providing the more flexible and often more generous policies than one size fits all government program could. yet a federal government program would crowd out these policies just as they are starting to expand even further. most notably, many low-wage workers have gained access to employ provided policies over recent years. everyone here today agrees it's these low-wage workers that we want to help most. i wanted to share a story about a low i