. >>> legendary investor jim chanos talking everything from f.a.n.g. stocks to tesla in an exclusive interview on cnbc. he even made a "game of thrones" reference. landon dowdy joins us with more. good morning. >> hey, courtney good morning hedge fund investor jim chanos laying it all out with cnbc's kelly evans, the famed short seller talking everything from tesla to tax reform, even touching on net thank you reali -- neutrality and what it means pore the f.a.n.g. stocks. >> i think the net neutrality rule combined with a bigger c g competitor in the content area will put more pressure on the content buyers, amazon, google and netflix. >> he also talked tesla. chanos a longtime critic of the company is sticking with his criticism. >> i think mr. musket and tesla has a broad, broad interpretation of the truth. you know, there have been all kinds of announcements in this company has made just in

yale ceo summit in new york today a few minutes i'll have an exclusive interview with short seller jim chanos. we're going to talk about other stocks, tax reform, setup for 2018 for the market and so much more. >> oh, yeah, a lot to talk about with jim let's start, though, with the huge news in the media world, disney, of course, as you heard by now, buying various assets of 21st century fox in a deal worth dl more than $66 billion when you include the debt david faber broke the story weeks ago that the two companies were in talks and lo and behold, it's soup now. congratulati congratulations. >> thanks. >> we were reminiscing about the various deals you've broken over the years. >> yes, you and i go back to my first big one, british telecom and mci. $2 $22 billion deal in inflation? >> exactly that got to the finish line on this one, bill a lot of talking going on between disney and fox and also our parent company, comcast and fox. that's sort of where we want to begin today as we head toward the later parts of the day comcast did compete vigorously for these assets people close to the compa

and speaking of tesla, yesterday on the show, i spoke with famed short seller jim chanos asbout the stockery candid about how he views the company. >> to me, where the stock is now is not the story, i.e., where it's been, it's the opportunity. is it a buy here or a sell here? i don't really care that it came from 30 or 200 or 300. >> it's still a sell here as far as you're concerned? >> we're still short, yeah. >> do you have a price target in mind >> we think the equity's worthless, so how's zero >> we did reach out to tesla for comment but did not hear back. >> not even a tweet. >>> turning now from one elon musk company to another. space-x. attempting a milestone launch today with one of its reusable falcon 9 rockets cnbc's morgan brennan has details for us on that morgan >> i do have details and this was a milestone. after several delays, space-x making history again today by launching a recycled rocket for nasa marking the first time the government has ever done something like this with a commercial company now that launch from cape canaveral's complex 40 which i saw firsthand earlie

phil lebeau, thank you so much tune in to "closing bell" tomorrow, jim chanos will join me, we'll be at the yale ceo summit here in new york city, don't miss it. michael, thank you as always have a great long weekend too. "fast money" begins right now. >>> fast money starts right now. live from the nasdaq market site overlooking new york city's times square i'm melissa lee. tonight on "fast," it is a crypto crash, well, kind of. bitcoin sinking 10% today, tripping the breakers on the futures and trying to come back from those lows. if you're worried about your crypto investment, we'll be tracking the price throughout the hour terry duffy, chairman and ceo of the cme will join us as his exchange gets ready to launch bitcoin futures trading this weekend. he'll tell us how big this business could be. >>> first, the fed, janet yellen making her last stand, raising rates for the third time this year and the fifth time since the financial crisis steve liesman was at the press conference >> reporter: hi, melissa the federal reserve raising the interest rates by a quarter point, that is the

>> jim chanos caught at enron early. that is how he made his reputation. a very, very smart guy. his issues with test last, i think he is totally on the mark here, negative cash flow. they constantly have to raise money. they will have to do so soon. secondly the competitive situation. there are other companies, bigger, better-financed companies coming after their sweet spot, companies like bmw and porsche which can make fabulous electric cars. he is right. the problem with a short seller. he could be right tomorrow and right two years from now and in the middle can lose his shirt and he already has done since he shorted the stock since it doubled past year. philosophically it is right but could cost him a lot of money. stuart: liz, didn't you mention earlier tesla's net worth is drowned out by its huge debt? les that is how he called out enron because their net worth was swamped by debt. tesla's debt is double its knit worth. so they burn $8,000 in cash a minute. stuart: they burn through it. that is a lot of money, isn't it? i'm trying to do the math. as

jim chanos calling bit coin speculative with decades of experience. he's our chief content officer and he ran our washington shop for too long. marty, i have never seen out of washington but i just observed, which was the chairman of the uptral bank buttressing against the president on 4% economic growth. but that's the political heat right now in washington. marty: that also speaks to how donald trump's strategic operation in the white house doesn't care about janet yellen having a press conference and what it means for the markets. donald trump was going to speak at 3:00 and that's when it that she spoke. tom: do you assume that a tax bill is a done deal as we go into this wednesday evening? marty: in this political , i don'tnt and year think that you can actually say with any certainty for sure, but it is beginning to look like there is an air of inevitability about it. certainly the democrats feel that way. just an extraordinary moment there, finishing up in front of the chair, the noise across the bloomberg terminal was just amazing. certainly. c

yale ceo summit in new york today a few minutes i'll have an exclusive interview with short seller jim chanostax reform, setup for 2018 for the market and so much more. >> oh, yeah, a lot to talk about with jim let's start, though, with the

. >> when we come back, short seller jim chanos describes tesla in one word.hares the csx down on numbers the ceo is taking a leave of absence. dow needs 164 points for a new high, s&p about 20 we'll see if we get it when the opening bell rings in a few minutes. ♪ let out your inner child at the lexus december to remember sales event. lease the 2017 rx 350 for $399 a month for 36 months. experience amazing at your lexus dealer. >>> stocks looking for their fourth weekly gain as we expect to see a reconciled house and senate tax bill later this morning. futures look solid we'll get the countdown to the nus.lln colef up o mite keyboard clacking ] [ 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. of emerging markets obsolete? at pgim, we see alpa in the trends, driving specific sectors of out perfor

phil lebeau, thank you so much tune in to "closing bell" tomorrow, jim chanos will join me, we'll beeo summit here in new york city, don't miss it. michael, thank you as always have a great long weekend too. "fast money" begins right now. >>> fast money starts right now. live from the nasdaq market site overlooking new york city's times square i'm melissa lee. tonight on "fast," it is a crypto crash, well, kind of. bitcoin sinking 10% today, tripping the breakers on the futures and trying to come back from those lows. if you're worried about your crypto investment, we'll be tracking the price throughout the hour terry duffy, chairman and ceo of the cme will join us as his exchange gets ready to launch bitcoin futures trading this weekend. he'll tell us how big this

. >> here's what jim chanos and everybody else needs to parpt?is hard you don't just walk in and invent the iphone. there's complexity there you don't just come in and invent facebook. there's tremendous complexity. you got to think about this in years, and even though we force companies like back to boil them down, it doesn't move. >> i promise we have more in just a minute. thank you. "squawk box" returns >> it's hard to build -- t? up next, righ >> sweat equity. >> can't sell our -- >> breaking -- equitie their mono their mono is what they hope to get out of life. but helping them get there requires a real refusal to settle for average. because when you approach investing with a tireless desire to beat the status quo, something wonderful can happen. those people might just get what they wanted out of life. or maybe even more. what are the ingredients is it the places you go? the things you own? or the people that fill it with meaning? for 150 years, generations of families have chosen pacific life for retirement and life insurance solutions. p