let's kick things off with disney grasso, you know how to play this game. trade it or fade it? >> this is going to be a trade for me if you -- first of all, disney should be sending ing dan loeb should be sending a fruit basket every week the stock has rallied 50% since then let's remember, this is a -- the economy reopening play 16 billion in parks in revenue those parks are going to be busy again. i know you won't be there. i probably won't be there, either but people want to get out and they want a vacation, i think this is definitely a trade it for me >> you know, i'm actually going to fade this one, mel, and steve makes some fantastic points here when i take a step back and think about the story behind why this company has rallied so much -- or the stock has rallied so much, there was argument that there should be more rerating with regard to netflix as they made all those allocations to streaming. they're within about three turns of each other. i drill down and you say, listen, bonawyn. similarly, but if you look at disney, it's about ten times it's capital intensive i wo

. >> i'm melissa lee and this is fast money money steve grasso, jeff mills, brian kelly and pete in a jerian las vegas casinos getting ready to open the doors a little wider. plus not clear for takeoff a second set back sending shares of virgin galactic tumbling. with two days left before valentines day we're taking a look at some of the most loved stocks on wall street. or will it be true love or heartbreak for these names big week for twitter shares surging more than 25% since monday for its best week in six years the jump coming after the company reported the second billion quarter of 192 million pete, though is selling. he's out pete, why? >> well, i think the run was just absolutely extraordinary, mel, and when you make a look at it, they did everything right, right. they had some great amountization, up. when i look at the pe, i feel like it's stretched at this point in time, even for this particular name. twitter's always traded at an inflated pe. this was a stock that i was lucky enough to get at $35 a share in august. i based my thoughts upon usual actions that got me into it

as grasso said, even if they're out of these names, there are other names out there.raders go away? i don't know maybe it's my observation on the whole reddit thing >> seems like they are engaged now. >> definitely, right more trading than investing. we can touch on that at any point. but you know what? affirmation bias is real there's a lot of people who came out and said this is going to end bloody for retail investors, you've got to save them. as steve mentioned there was a lot of intervention there. we'll never know how this truly would have epled and in what time frame it would have ended if all these other things not come into play the last thing is i also push back on the notion that these were unsophisticated or cav legislator type trades this market has been away from fundamentals for some time you can have a fundamentally sound idea and still have breakdowns in the technical and execution aspects of the trade that is every bit as jim as having a fundamental bias. you've got to have a view and know how to execute that view. both of these are equally important

so there is a lot of cash waiting to be spent, steve grasso, and that could really spur an uptick in economic activity as well as inflation. >> you know, just a couple of weeks ago we were worried about -- or let's even go back we've been worried about a deflationary death spiral when we don't have that right now we haven't had any whiff or sniff of any inflation for the longest time now we finally do. so i think they're going to let it run a little bit hotter as all of us have said and, yes, it could to guy's point, it could get out of control, but we're going to watch the next four years of unprecedented stimulus. we've seen the first 2 trillion tranche. we've talked about the number that's been hinted that we could see 10 trillion in stimulus. but let's not forget this. if you would have sold this market 900 handles ago on the s&p s&p that would have seemed like an intelligent thing to do and you would have missed this rally that has been so aggressive to the upside so although we're all waiting for the bottom to fall out, we're just riding the course right now, and i think you ha

sal gee and grasso, fox two news. the news from the faa comes as japan ordered its domestic airlines to ground all boeing triple seven aircraft, nippon airways and japan airlines have 32 boeing triple seven jets between them. both airlines say they plan to use other planes and that already scheduled flights won't be disrupted. and for more on the grounded boeing plans. you go to our website ktvu .com. police have arrested a man for allegedly shooting a firefighter and a paramedic who were responding to a medical call in the east bay. ktvu is azenith smith joins us now and azenith smith ortiz say this suspect is also connected to a homicide and robbery. yes julie. police say the suspect dairy on williams of stockton is responsible for a syriza violent crimes, a saturday. night, and now police are looking for his four year old son and the child's mother. police are looking for 31 year old kimberly meeks and her four year old son said to be traveling in this dark colored adi s u v with california license plates. eight u

then at 8:00 a.m., dick grasso talking gamestop and rates and markets.ew york congresswoman nicole maliotakis breaking down the scandals in new york. we'll be right back. (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that. these days, it's okay to do some things halfway... but taking prescriptions shouldn't be one of them. so cvs has a proprietary search tool that looks for savings. plus free delivery. get a free prescription savings review at cvs. sfx: [sounds of everyday life events, seen and heard in reverse] ♪♪ ♪♪ ♪♪ ♪♪ sfx: [sounds of fedex planes and vehicles engines] ♪♪ sfx: [sounds of children laughing and running, life moving forward] maria: welcome back. the state of stimulus, the house is expected to vote on president biden's 1.9 trillion dollars stimulus bill later today, of course it's packed with non-covid spending, 80% is non-covid spending, this after lawmakers

. >> grasso? >> yeah.fe banking act is going to get a vote probably in the next six months in the house, in the senate, and that's pivotal think about this imagine a business, no access to a bank in the state they're operating in if it's legal in that state they'll have ook ses to banks. it's huge for the industry >> still, mgm stock has been on -hroll haa, roll. the trade when "fast money" returns. wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. we see breakthrough medicines getting to patients in record time. at emerson, our automation software is empowering pharmaceutical companies to accelerate their production of critical vaccinations for the world. emerson. consider it solved. want to save hundreds on your wireless bill? of critical vaccinations with xfinity mobile you can. how about saving hundreds on t

sounds he and grasso, fox two news. let's go outside this noontime because my goodness, rosemary, if ever there was a day to play hookey, i think today is it so nice out there. i got cholo mike. we are looking at a fabulous forecast. if you like a sunny and you like upper sixties, even a few low seventies out there for today and climbing tomorrow looks like it's going to be the warmest day. how about a live look at what is happening outside our doors? plenty of blue sky after a chilly start to the day for feeling quite nice at this time, let's take a look at some of the numbers 65 degrees right now in oakland in the north base, 68 napa in her east payment sixties reported over livermore and for our south bay right now, 64 san jose, take a look at half moon bay ride along the coastline, mostly sunny 68 degrees and half moon bay, one of the spots way warmer today by 13 degrees. around the bay 45 degrees warmer from oakland through palo alto, sfo and into the north bay seven degrees warmer this afternoon and napa santa ros

revenue space they're going to get a cut of ad revenue. 10,000 apps on roku platform >> your champion grassos is one i've been long i'm still long this one. it never had a demand issue. i think this within is going higher sonos. >> bonawyn >> hshb, rate pressure continues. look out below >> keith >>> i'm going to go with medtronic. we had a lot of call buying. back into this name. options action is up right after this i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. to defend against dark forces attacking your organization, you need to see in the dark. to have the wisdom to understand multiple cyber threats. the precision focus to end attacks instantly. on computers, m

dick grass he sew will join me -- dick grasso will join me in the next hour. stay with us.ho doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. maria: welcome back ment now the very latest on the gamestop saga, robinhood is narrowing trading restrictions down to eight companies, down from 50. this list of eight includes gamestop, amc theaters, blackberry, among others, as the reddit fueled retail investing boom surges. joining me now is the founder and editor of the bear traps report, larry mcdonald, to talk more about this. it's great to see you this morning. thank you so much for being here. i was reading your bear traps report and i want to talk first about what took place last week and get your th

joining us for more on what is driving this big comeback is steve grasso i guess we can understand whynancials are higher how much longer can stocks keep going up as interest rates go up >> let me tell you we had a 1.94% ten year before back in november, 2019 i don't think that is the issue. it is how high can value go? the way i'm playing it, and then ge has been a long term holding of mine as well. now you flip over to the growth side look at the spacs. wpf. bft. stpk grossly under valued they've been thrown outbaby with the bath water. it is not doing it justice look for the spacs that have great management teams and companies with earnings and a future in front of them. don't throw them out just because they're spacs. i'm still playing it with value. look at the names. they've more than doubled and i think they'll do again >> we were talking about it earlier and charlie says the same thing that value is going to be the big trend this year. we have about 30 seconds final thought. >> we've had growth outperform the last 15 to 20 years and now we are looking at value out performing fo

steve grasso, or in december it was a great opportunity to raise more capital than they thought they could raise just a few months ago >> yeah. i think that's probably why he's leaving. so all the questions that we have, that's probably the crux of it is that somebody tapped him on the shoulder and said, did you go away for a couple of weeks? why were you asleep at the switch i think we all knew on this desk how this was going to end and the chart reflects that. but yes, i agree they could have changed a lot by raising some capital he didn't do it and i think that's why he's butting elbows out the door >> did you catch the gaming reference? falling asleep at the switch >> i didn't even know about that. >> the stock is down whether you appoint hello kitty or kitty carlisle, it doesn't matter is you've got a case where it's just amazing to me that the stock reacts in the aftermarket when this has nothing to do with fundamentals >> coming up, issuing digital dollars. much more on that straight ahead. first, earnings news check out shares of toll kband square eds on car insurance and a w

but i was born in philadelphia and i grew up basically from second grade on in connecticut and ella grasso was the governor of connecticut and barbara was in congress and it was normal to me that there would be women occupying very significant roles, political rolls in government roles and i realize now how unusual it was for that time but i think they in my mom and my junior high school civics teacher told me anything was possible and they lead by example they got me involved in the community which is the best way to learn whether or not you want to serve. >> any other political mentors inme your life. >> one of my biggest political mentors in the general assembly and i served in the north carolina legislature for moremo than ten years was a two turn speaker of the house joe hackney he was a mentor to me when i was an advocate for the civil liberties and the chair of the judiciary committee i got to know him there and then i started to serve and he gave me a lot of positions off leadershp very early on cochairing constitutional committees, i ultimately share the judiciary committee twice

we get the latest now from fox news, sal jian grasso.as like this cannot be it after the engine of a boeing 7 77 aircraft went up in flames over colorado with more than 200 people. onboard action is being taken by the aviation industry. the faa is stepping up safety measures for planes with the same engines mandating quote immediate or stepped up inspections of boeing 777 airplanes. equipped with certain pratt and whitney pw 4000 agents, there was a loud explosion. um village took the plane and we started.

i remember steve grasso, 386, was on and said he wasn't as encouraged and thought you would see a failure. steve had it spot on here we are with a significant move to the downside so the question is, where does it trade down to? what's your next entry point 2950 level if you remember from that september 2nd high, well two weeks later with was trading 2950 i don't know if we get there, but that's a fantastic entry point and remember that i think a day after earnings for amazon, i think on february 3rd or 4th, morgan stanley came out and put a 4200 price target on it. that's probably going to be right. the question is, does it get to 2950 first it's absolutely worth watching the next week or so. >> all right let's get to tesla here. dan, tesla is down markedly down about 15% here >> it's actually down 21% from its closing high last month, mel. what i think is interesting today down 8.5%, it was a bad break below its 50 taye moving average. the last time the stock closed below its 50-day moving average was november 16th, the day the s&p 500 announced they would be adding tesla to their 500 i

i had dick grasso on the show today former ceo of the new york stock exchange and he said this is noth story. even though i know it looks like it and i just said now we have all this upset about the small guy doing it. he said at the end of the day whether it's a hedge fund or whether it's an individual investors, you cannot manipulate the market. you cannot come in and get together and push the price up artificially, push the price down art fishally. now washington is watching. >> dana: amazing. >> bill: maria, thanks. listen, -- >> dana: i can listen to you for hours. >> bill: so much to think about. the confidence in the markets and the system here. all rooted in the capitalist system that you and i and we all love and we're about to see whether or not they can stand up to it and come out of it okay. thanks, maria, see you very soon. thank you. >> dana: the violent protests in portland raising alarm bells. california governor newsom taking his heat for covid and other crises and how he could very well face a recall. up next. >> the governor and willie brown and all the other thinke

i'm surprised that janet yellen took this long to assemble this group of regulators, because dick grasso what's known as the president's working group as a bunch of financial regulators. whenever something like this happens, something major a frenzy e in the market, they get together to hash out what's going on. good thing she is doing it. but what's interesting right now is, i mean, this story's now a washington story, neil. and there's lots of chatter in d.c. about legislation to address the reddit, robinhood, gamestop short-selling issue. it's spanning the whole thing. and it's interesting that short selling got brought into this because short selling got crushed in this whole thing. but there's talk from elizabeth warren's office -- as you know, she's on the finance committee, she's the ranking member -- about doing something that cracks down on short selling even though short selling had very little to do with this other than they lost a lot of money. but anyway, here's -- now getting to all that, let's talk about some of the legislation that people are speculating about. again, som

since the reagan administration -- according to dick grasso -- something called the president's workingmarkets get crazy as they are now, particularly in these sort of massive swings in a bunch of penny stocks that went from trading at $3 a share a couple months ago to now $300 and heading lower. gamestop the, the last i looked, it was below $70 a share, so it went from $500 a share to below $70. you're going to get some sort of reaction from regulators whenever that happens, and i think that's where we're going now. in terms of legislation, lots of stuff is bouncing around on capitol hill. something we were first to report yesterday thanks to lydia moynihan, my producer, was ending or sort of curtailing the practice of payment for order flow. that's when companies like robinhood, like charles schwab take their buys and sells order, and they sell it to third parties like brokerage firms. citadel is one of those. there's a lot of sinister motives attached to that sort of practice because it gives citadel and those other brokers an inside, like a private insight into a retail order flow.

. >> i'm melissa lee and this is fast money money steve grasso, jeff mills, brian kelly and pete in a wider. plus not clear for takeoff a second set back sending shares of virgin galactic tumbling. with two days left before valentines day we're taking a look at some of the most loved stocks on wall street. or will it be true love or heartbreak for these names big week for twitter