i want to come back to mike bell, global market strategist from jpmorgan asset management it seems like the grocers are doing okay but non -- all spending excluding food, not such a happy moment for the british public. where do you see that going in terms of consumer spending and the british economy? >> what's really notable, when you look around the world, in europe, you have some of the strongest consumer confidence since 2001, strong consumer confidence in theu.s., and in the uk consumer confidence has been doing a nosedive. you could make the case that's because of the squeeze on wages and over the course of the year that should ameliorate perhaps we're at the worst point for consumer confidence. certainly if you look at it at the moment, it paints a bleak picture. it's very hard at this stage to say whether we will get that pick up that is probably the most likely fair yo but there a are certainly risks to the down side >> there's weakness in the sterling that's making some people uncomfortable what other positive signs are you seeing are there any? >> unless you get another sharp

andre is out as is jordan bell. mike shumann, abc7 sports. larry? >> see you after the game.he postgame show. >>> stanford men's basketball, a surprise so far in the pac-12. winning five straight. hosting number 14 arizona today. to farm they've taken their band and their cow bells very seriously. dorian pickens, all of his 15 came in the final 11 minutes. a three ball. and puts stanford up with 4:30 to play. a minute and a half left, pickens loses the paul. parker jackson cartwright, scoops to the hoop. wildcats up one. alkins banks it in. three seconds left. stanford down two. it is pickens for the win, fade agway. arizona survives 73-71. stanford's five-game win streak over, they drop to 5-2 in the pac-12, 11-9 overall. more news on tom brady's injured hand. suffered a cut with a running back. no damage other than the cut. despite being lifted as questionable, it's suspected that tommy will play tomorrow in the afc championship game against jacksonville but apparently needed a few stitches. >>> who knew it's penguin awareness day and one zoo added a little pup to its celeb

larry hathaway and mike bell are still here. are you worried are not so worried?: initially not so worried. you seen these before. most of them come and go. short-term extensions are continued. it's the usual mechanism. i think it only becomes a concern of the go back to the. paris had shutdowns that ultimately couldn't put so much pressure on treasury in terms of its funding. it raise some doubts about the credit. i think we are still some ways away from that. i don't think there is much appetite in congress going into midterm elections to arrive at that sort of an outcome. initially notll be that important for markets. francine: does it hurt the animal spirits in the u.s.? i think markets have gotten used to this and investors will assume everything will be ok. it gotten to a point where the u.s. government was on the brink of default then markets are be much more concerned. we are a long way from that. markets will look straight through this. francine: it seems there's something new everyday the papers are reporting. at some point, will it impact markets? does

mike. but this level is where you are seeing bells whistles, seeing them trick out. n from car's affect and you are responsible for dumping out the vehicles to the players. >> that is what we do. we have after market shop, in sewell, new jersey, and what we will do before the show customize the cars andably them here to show everyone. >> they are a nation. i wish were you here. they are absolutely massive. thank god they have benches that come out because i could barely get into it myself. what do we have right here this is fletcher cox. >> thinks fletcher cox's truck we did four and a half inch lift kit 37-inch tires and 24-inch american forest wheels and we will go down to vinny curry's, it is a f150 raptor car's affect addition we did a lift kit a full custom build wheels tires, interior, led lighting and cool thing with the inside we did a rolls roid head liner. >> can i open up the door. >> sure, check it out. >> vinny curry's car. >> you are not vinny carry. >> that is ralphy. >> nephew. >> so talk to me about that beautiful, lights up top. >> check out the roll

. >> can you imagine mike tyson cleaning up that? >>> kristen bellcaring for a litter of six strays, she let her daughter name them. >> the kids are sparkle shine, diaper, i love you too, and suzy. >> are you keeping them? >> no! what am i going to do with six cats. >> i hear you. sus first, take a look at some of these movie moments. >> i want to pick organic prunes with you at a farmer's market. >> how did you find me? >> i just got here. >> god, you're so wet. >> who's going to make the most appearances? >> probably a subset of bloopers that you can't put on tv. >> i am super rock 'n' roll, mom. i have five shamrocks on my -- >> it will be out on dvd, but >> it's really a lot of fun and silly. >> wouldn't she be a good fit for a spinoff? >> yeah. >> somehow work her? >> yeah. >> of course, one of my favorite scenes was the ladies playing dodge ball at the trampoline park. i brought her back to the scene of the crime to give me some tips. >> i think you need to do something more with your hands. >> he stuck the landing. incredible. >> i think you j

yes, welcome and i know you guys rung the closing bell, mike, we'll start with you i know there's beent of a changing of the guard and you're now solely the chairman of the company. budget, in focus here in the u.s. and certainly you look at shares of l3 trading near record highs and the broader defense sector in general, a lot has been tied to the anticipation that we're going to get defense spending growth. what is your anticipation given the fact that we haven't actually seen a budget put in place yet for 2018 >> well, given the needs of the military and the fact that they've been starved for almost the past decade, the terms of equipment and technology assertion is a widespread expectation that the budget will be up significantly to make up for this technology gap. where our adversaries have caught up, if not surpassed us now technology has been the leading edge that u.s. military has enjoyed almost forever so, that has to get rebuilt and as well as the navy, we have an air force that's flying less jets than it has probably in it's history, and there's a lot of work to be done so w

. >> you got it, you heard it from santa claus, eagles will take it, mike and alex to the super bell we will go, you are there. >> through go. >> e-a-g-l-e-s, eagles. >> i can get home. >> no one got me memo and said it is going to be really cold. >> you weren't expect ago this inside. >> not inside the mall. i'm in the complaining at all. people of minnesota minneapolis changed the name of the town to the bold north that is what they call minnesota now bold north. >> see that every where if you see us saying that, that is what they are calling it, you are in the bold north, it isabelly cold you. >> you know what the deal was they didn't want to be called midwest. they think that is a negative we dent want to be, a fly over , we dent want to be the midwest we will be the bold north. >> way to stand out for sure. >> it is cold in here. >> let's toss to karen and thomas. >> hi, i'm in the complaining. >> los angeles lakers do you know why they are called the lakers? >> because they are 10,000 lakes in minnesota and originally was a franchise in minnesota. >> well done yes. >> lets get

rumors or speculation, guys, reports, i should say, from the wrap that hit right before the closing bell. mike are your thoughts >> the market hasn't had a chance to fully vet the story i don't think. it doesn't matter. it's sbu stintuitive, in the sp that's merging two companies that used to be together it resonates in the sense this is the kind of market we're in, these types of competitors are going to probably get together i don't think this te market is saying it's a match made in heaven what's i think key is cbs had been the better performer for a long, long time, has also falter faltered. >> true. >> the stock has faltered i mean therefore, they're more in a position to say let's see what we can do together and spread your bets for the media future >> les moonves, chairman of cbs, has, of course, in the past talking about not necessarily thinking this is the right thing to do. according to the reports he's now open to the possibility of this sherry redstone of viacom, of course, seems to be leading -- >> some how les is going to manage to pay himself another $70 million to $100 million

changes to military pay and benefits ithn e last 70 years is now in effect, that's next on "closing bell. mikere both veterans, both served in the navy. i do outrank my husband, not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check the rates? it was an instant savings and i should've changed a long time ago. there's no point in looking elsewhere really. we're the tenneys and we're usaa members for life. usaa. get your insurance quote today. >>> the new year is bringing sweeping changes to the military's retirement system the biggest since world war ii it's a move that will impact millions of current and future service members. sharon epperson is here with the details. >> reporter: how are you doing, michelle a new mission aims to ensure more of those who serve are saving for their financial future for many military personnel, the changes represent a critical choice for their retirement

. >> mike, thank you as always that does it for us on "closing bell" today. "fast money" starts right now. >> "fast money" starts right now, live from the nasdaq market site overlooking new york city's times square i'm la listaly. traders, tim, karen, steve, and guy. tonight, it's crypto carnage, bitcoin sinking to a six week low. we will tell you what is behind the selloff and if any of the traders are buying this dip. plus one wall street strategist says bitcoin's blood bath could hit stocks >>> later, is this the beginning of the end for ge? the stock getting slammed as the ceo hints at break up. we will bring you the latest details. >>> first we start off with today as huge reversal testimony dow surging # 00 points breaking through a key record before taking a reversal. ayman jaggers is a of the the white house with all the information. >> reporter: they are trying to get steve bannon on camera to answer a mystery, did he answer questions of the house intelligence committee or not? we know he was there, arrived earlier this morning there are reports he w

bell. and then an accident south on the northeast extension, approaching quakertown. miked alex back over to you. >> okay, well, south jersey doctor is among those charged in what prosecutors are calling an alleged murder for hire plot. >> and that alleged plot resulted in the death of his wife, a talk show host, nearly six years ago. >> steve knows this story. jersey guy himself. we've been following it for six years, steve, what do you got? >> mike, you might have run into this guy. because he had a pen house around the corner from the station, in dis to his homes here at the shore. new wife still lives nearby. he lives here, in the atlantic county jail, since his arrest in june. you will recall with the 45 minute strands-off with authorities when they showed up with one of many search warrants at his medical offers. while he went back to work, soon after his wife april was shout and killed in her bedroom, then he gets remarried. the murder happens in ma may 2012. >> told people thal authorities were looking at him, almost instantly, not thinking there is a killer on the

. >>> amazon reports earnings after the bell on thursday one trader is betting on a big rally for the tech giant mike'sk at the death star. what are you doing there >> well, we're talking about the death star, aren't we, when we talk about amazon so this seems like an appropriate place to be. this is a stock that typically moves about 8% on earnings, that is what the options market is implying we're going to see this time as well we saw a large trade, the april 1440 call spread traded 3,000 times for $26 apiece that's $2600 per trade or risking about $7.8 million that the stock was going to be above 1440 by april expiration the thing is, the move we saw today, much of that has been made with the stock trading just below that level but it was a big bullish bet. by the way, 8% move, $55 billion market cap swing that's how big the stock is. >> i think the death star suits mike, actually. >> i've always kind of known about his dark side, too. >> for more options action check out the full show friday, 5:30 p.m. eastern time. coming up; advanced micro seeing a full reversal. the stock is higher by half a per

mike: oh, my gosh. and welcome to farrell's ice cream parlour. are you celebrating anything today? lemonis: i'm celebrating life. [ siren wails, bellorns honking ] woman: whoo! together: it goes 1, 2, a 1, 2, 3. happy birthday! -woman: happy birthday. -lemonis: wow. out of nowhere, this big drum comes, and people are screaming, "happy birthday!" -i mean, it was crazy. -woman: happy birthday! lemonis: how does everybody feel about the awesome birthday songs? woman: it was just too loud. we couldn't have a conversation. -lemonis: too much? -woman: yeah. lemonis: i'm all for having fun and singing happy birthday and celebrating things, but there's a point where it's not an enjoyable dining experience anymore. man: well, this would be our menu. lemonis: okay. mike: the theme is a turn-of-the-century theme. lemonis: how many different items are on this menu? -mike: there's over 100. -lemonis: there's a lot on here. so, you've had a ton of restaurant experience? mike: i had very little restaurant experience. lemonis: why did you start this business? mike: it's hard to describe. farrell's is a place where lifetime memories are made. lifet

. >> mike, thank you as always that does it for us on "closing bell" today.fast money" starts right now. >> "fast money" starts right now, live from the nasdaq market site overlooking new york city's times square i'm la listaly. traders, tim, karen, steve, and guy. tonight, it's crypto carnage, bitcoin sinking to a six week low. we will tell you what is behind the selloff and if any of the traders are buying this dip. plus one wall street strategist says bitcoin's blood bath could hit stocks >>> later, is this the beginning of the end for ge? the stock getting slammed as the ceo hints at break up. we will bring you the latest details. >>> first we start

gate and blue bell pike so watch for some fire activity, folks, with some local detour and in coatsville an accident kings highway at penn drive, mass transit we are off to a good start, mikend alex, back to you. >> all right, bob 6:32. >>> we were telling but this story yesterday about the information coming out from pat meehan and that interview he was doing talking about one of his former staffers whom he called his soul mate but there was not a romantic relationship. >> here is the result, meehan drops bid for reelection, give us more details. >> he decided not to run again next fall. he says it is his retirement this comes amid allegations of sexual harassment, and misuse of taxpayer dollars. insuring times broke this story last week, this week our jeff cole sat down with the four term republican congressman who admitted to developing a close relationship with the former aid decade younger then he but said that relationship was in the romantic. meehan release aid letter he wrote to the woman in may after he learn she had begun a relationship with someone outside his office. signingi thank god for witt all my heart, patrick. times reports meehan whose tile. you did not

market up 1% that's a 33-point gain the nasdaq up about 1.3% at the bell to close up 7500 for the first time i think we talked about that, mike 50% above the dotcom high. crazy to see that now. we'll have much more on these markets in a second. joining me, mr. michael santoli along with cnbc contributor evan newmark and rebecca patterson. welcome, everybody leading the dow this week was intel. it had a huge performance today after those earnings last night. it was up nearly 10% on the session, better than 11% for the week apple was the laggard, down 4% this week. netflix the gainer and the s&p 500 after its strong earnings report different story for newell, the owner of rubbermaid, down 18% after it said it would pursue potential spin-offs for a lot of its businesses very different, much stronger picture at the markets on the close again. we're up another 220 points. we've had 331 days for the nasdaq this year and that didn't happen until june last year. what's going on? >> the market is running flat out at a higher gear and the tank doesn't empty because the money keeps flowing in by people who feel they have to chase it thi

and wells kick things off tomorrow before the bell for our spotlight, how segments of of the financial sector are positioned going into earningsings with mikeeople expecting pretty good things out of the banks obviously. one of the favorite sectors since the election and has been an outperformer. what's interesting is how the different segments within financials performed in a stop/start way if you look at the best known etf, the xlf, the financial sector of the s&p 500 outperformed the broader market and it's not been the banks that have done most of the work the bank index, the kbe right here, has been slightly -- somewhat worse over the last year in the past year, tracking interest rates for most part in the past year, it's been the nonbank financials that have led. that kce is the capital markets etf. brokerage firms, things like that that's been the clear leader out there right now. i think one of the interesting things to note about the xlf, a lot of people don't know this berkshire hathaway is more than 11% of that etf. most people don't think of that as purely as a financial, less than half of the xlf is banks. 44% or something like

mike, see you next hour here as well. >>> we got much more coming up on the "closing bell." >> bitcoin volatility. the cryptocurrency craze is on the move again like a violent roller coaster. >>> plus, warnings on the horizon of a trade battle. who will be the target what's the worst-case scenario and how's it going to play in the stock market >>> one more "closing bell," e-mail us, find us on facebook and follow us on twitter the most important hour of the trading day is back in two minutes with bill griffethnd llevs. a nobody's putting their money into equities. they're not investing in commodities or fixed income. what people are really putting their money into 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. >>> by the way, shares of seagate surging 7% on a report it may have a sizable investment in ripple, the expensive cryp cryptocurrency,

mike has the mr. rogers sweater on. >> he does. >> by the way, i don't know if we're done but we're next to a taco bell. >> i love taco bell. >> we'reoing to try the naked egg taco by the way. they make the shell out after fried egg. so it is perfect for us atkins diet he is naked egg as a taco shough shell flow the potato, bake and cheese in there. >> sure. >> i know you like anything with the word naked in it, mike. >> dow. >> here comes the salt brigade, upper darby may have the best roads in the worlds, look, hitting the side street. that's quite impressive upper darby plow drivers. every time we're on the air they are hitting the side strides. i think they're showing off. >> way to go upper dash. >> i upper darby is the seventh most populous city in pennsylvania. >> because of the bus depo. >> over 100 years ago. >> people are still weighing in how to pronounce this town. so peace loving megan says it is mo-an-ton. >> and then another says. ment it is moton pushed together. alex said it better, or mohton? so joey said i would go to a town that has an easy name. >> see, we have a woman stuck in motown. >> not detroit but -- >> s

bell, thank you >>> flu season in the u.s. typically peaks in february. this year's outbreak is the worst on record. mikeerrell here to tell us what makes the strain so dangerous and what it's costing american businesses. that's coming up next. nobody's putting their money into equities. they're not investing in commodities or fixed income. what people are really putting their money into 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. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> this year is likely to be the worst f

you, mike mike santoli squloo when we come back, the ceo of union pacific wchl'll talk the rail industry, taxes and a lot more get ready for tomorrow starbucks will report after the earning bellalk with the ceo kevin johnson at 9:00 a.m. on "squawk on the street. a lot more ahead witthh e dow up 102. don't go away. it's absolute confidence in 30,000 precision parts. or it isn't. it's inspected by mercedes-benz factory-trained technicians. or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned, or it isn't. the mercedes-benz certified pre-owned sales event. now through february 28th. only at your authorized mercedes-benz dealer. [ click, keyboard clacking ] [ keyboard clacking ] [ click, 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. running. can it continue? find out "squawk on the street" returns in just a moment in just a moment >>> free volumes and tax reform as the company reports q4 earnings this morning. stocks down almost 6%. joining us for a cnb first on interview.

record on the bell as well the russell 2000, look how strong the small caps are today, adding 1.3%, closing at 1597, a 20-point gain. that's also a record high. joining me now, cnbc mikecnbc contributor evan numark welcome. the big winner on the dow for the week was unitedhealth while ge was the big laggard and for the session, nike had a nice rally lamb research, big earnings in the semiequipment space. ge also the laggard on the s&p this was down 13%, mike. >> ge seems to be the anti-bellwether. it's remarkable that the market is going vertical to the upside. and ge is essentially in liquidation mode right now by investors. >> evan, what are you thinking about the markets overall here that day this week where we shot higher and then reversed, then shot even higher today the shutdown concerns -- we have eight hours to go and there's not a lot of anxiety about that. >> i think a lot of this is based on funds flows i think early -- i want to say, january 19th, it's been a great year in the stock market everybody can go home now. what's the s&p up so far, 6% >> almost 6%. >> the s&p f it compounded at this rate for the whole year it would be up 124%. >> totally normal.