out the full show every friday at 5:30 bitcoin is surging to the highest level since 2017, but mitch steves wall street is getting one thing wrong with the crisp ocraze we'll tell you more after the break. ♪♪ ♪♪ ♪♪ is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪ >>> welcome back to "fast money. we have a bitcoin alert, the crypto ripping through 11,000 for the first time since 2017, there it is, 10,916.75 it's been on a wild ride, nearly up 200% as investors jump back in >>> you're starting toes real buyers come in, and actually even in the 4,000s what you are seeing is we have a supply cut that's coming in 2020 you generally see a rally one year before and one year after right on cue, he comes the rally. we are now up almost 200% for the year remember, this is a extremely risky asset class, even in 2017 when tiffs u

recent resurgence fueling the recent rally in chip stocks led higher by the likes of amd rbc's mitch stevens us now for more mitch, thanks for joining us is this the -- the resurgence of bitcoin, is this what's causing the stock to move as aggressively as it has >> well, for bitcoin, that's not really related to the semiconductor space. so bitcoin's not using amd, they're used to mine something called etheoethereum but the bigger deal was the huawei news and the micron report essentially, you have huawei being able to purchase some of their micron chips which sent the whole space up and you have western digital having a huge power outage that stock is up another 3% or 5% now memory's coming off a bottom you have data center coming back, you have amd gaining share and nvidia coming out, a new product coming out in the second half so i think that the chip stocks in general, you want to be long synopsis and amd and long micr n micron those are the big three names of the second half. >> a lot of focus with the g-20 talks this weekend on huawei and how that plays into discussions between the u.

semis now down from their high in april rbc's mitch steves says to stick with amd which will take pieces from intel he also likes synopsys however, given the commentary we just heard from him and the softer commentary about the auto and industrial stocks, he'd steer clear from texas instruments. >> for now, josh, thanks telling us what the stock is doing. here's what else is coming up today. >> coming up, kevin hassett. chairman of the council of economic advisers joins us live. his take on where we are in the cycle and the future of tariffs as more companies start to blame them for a weaker outlook. >>> plus, will the fed take a cue from the market? hinted interest rate cuts next week we'll debate >>> and, the ceo of bluebird bio on its new million-dollar drug and why he says his industry is doing pricing all wrong. >>> welcome back the u.s. military releasing new video evidence that they say proves iranian involvement in asf attacks on two oil tankers in the gulf of oman on thursday hadley >> reporter: hey, good afternoon, kelly what we know today after i have to tell you an intense 24

stock down hard from its intra day high rbc mitch steves puts it much on huawei huawei does representon's revenue. steve remains positive on the stock though and he sos nan pricing potentially bombing as soon as q4 >> and dow on pace to close near the lows of the session. down 197 up next, we're covering all the angles of the market >> and here are the winners and losers in the dow. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. (osamah) cancer is... the ugliest disease mankind has ever faced. (henry) i thought it was unfair. when-- when you hear those words that you get diagnosed with cancer. (osamah) successfully treating it still remains one of the most enormous challenges facing us today. we realized that, if we developed the technology that could take 2-dimensional patient imaging and convert it into 3-dimensional holographi

steve: mitch mcconnell is ♪ supporting.e is over nut senate he said yesterday he opposes reparations because none of us currently living are responsible for slavery and then cory booker came out and said there is a tremendous amount of ignorance in that statement. yesterday there were a number of speakers, they included the actor danny glover, film director karina brown, comey hughes and burgess owens who said this last night with tucker about what was going on. >> it's not black supremacist it's black elitism. many of those on the panel not on the panel but in the black caucus that have seen this misery of their policies for decades and they do nothing about it. we need to change the trajectory of our race and make them feel good about them sistlesz. today we are having real conversations not the type to take us down socialist path. those who dig n to it another form of welfare having people to ask for something they never earned and then actually be and feel entitled if they don't give it to them then they will be angry a

steve: get ready, here comes mitch mcconnell, senate majority leader will be with us two minutes.rn border with guatemala after making a deal with president trump who had threatened 5% tariffs. ainsley: that's right. we're now learning more about what the nation is doing exactly to crack down on the flow of migrants trying to get into our country. dan: griff jenkins is live in washington as thousands of soldiers head to the border. reporter: they are indeed. good morning. mexico's foreign minister says the deployment of 6,000 national guard troops to their southern border will be complete today but will that be enough to stop the flow of migrant that brought more than 130,000 illegal immigrants across our border last month or migrants crossing the river from guatemalas with show you last month, it cost just two dollars to raft unimpeded into mexico. when president obrador took over border enforcement was not a priority. after pressure from president trump's threat of tariffs. mexico increased detentions and deportation. more migrants are remaining in mexico while their asylum clai

steve kornacki. and coming up a look at the power of the supreme court and why our next guest calls mitch mcconnell the most skilled obstructionist ever in the u.s. senate. >>> one last question on the supreme court. will you put forward a nominee between now and the election if there's an opening on the supreme court? >> would i do that? of course. do you have any recommendations? >> well, you have a big long list, right? >> i do. i have a good list. i have a good list. already chosen. i have a beautiful list of great very talented people. absolutely. >> but do you square that with merrick garland? >> no. i have a lot of respect for judge garland, by the way. i have to tell you that. i know people that know him. i'll tell you, who told me incredible things about him is justice, now justice kavanaugh. >> so much material there. just last month senate majority leader mitch mcconnell said republicans would fill a supreme court vacancy in 2020. those remarks of course were almost designed to draw cries of hypocrisy after mcconnell refused famously to grant merrick garland a hearing in 2016, denying presid

steve: she had to cave and mitch mcconnell got exactly what he wanted.rrative that the republicans are using that if you vote for one of these democrats, we're going to wind up a socialist country? >> absolutely. almost all of the can cattle have an element of socialism. he was forced to admit that taxation required for his policies would hit middle america. >> right. but berniey used to be the outlier. and now irving has embraced. >> he is mainstream within the democrat party. and that's a fact. stuart president trump's tax cuts took a hit. who actually benefited? >> 82% of middle class people got a tax cut under president trump's policy which averaged $1,260 per year. 90% of the overall population saw an increase in their take-home pay. now, joe biden says that trump put us in a horrible position, his words. is he referring to income inequality. but if all of these people get all of these benefits from trump's tax cuts, do they lose those benefits when biden and harris and the rest repeal those tax cuts? yeah. they pay more in taxes. that's not progres

steve: the president called in top members of congress yesterday and they had a meeting in the situation room and the president and his team explained what was going on. mitchponse. the big question is what would that be? ainsley: there will be a response. steve: of course there is going to a response. brian: there hasn't been one yet. ainsley: sanctions? brian: the sanctions have been in place before. this is iran's response to the sanctions. where is america's response to iran's belligerence. ainsley: just because he called it off last night doesn't mean he won't do something. brian: seven weeks. steve: the president said somebody made a mistake in iran. didn't say the country of iran made a mistake. is he giving them essentially dialing down the tension by saying okay. some sort of mistake. i want to talk to them. let's see what happens. he gave them a very small window of time. ainsley: i remember when we were talking with a war and lea gabrielle who used to work here now at the state department she served our country. we were talking about it on air. our conversation was let the generals handle. this let the executives handle. this let the cabinet memb

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mitch mcconnell blocked a vote. kevin mccarthy took pains to avoid criticizing president trump's i would take it comments. joining us is stevealise whose book is now out in paperback. congressman scalise, welcome back to "meet the press." nice to see you. >> good morning, chuck. good to be back with you. >> let me start with this election interference bill. i know you voted against what the house democrats billed as hr-1, this large voting rights bill that they put together. if they carved out the parts just on election security -- there was an election security portion requiring paper ballots, establishing better cybersecurity standards, also would include i think what mark warner wants to see, immediate reporting to the fbi, could you vote for that bill? >> well, i had a lot of concerns with hr-1, not the least of which were the first amendment violations. you had everybody from the aclu all the way to national right to life come together against that bill because of what it did to limit the free speech rights and religious freedom rights of millions of americans. that bill is riddled with problems. it puts tens of billion

most is the fact that mitch mcconnell said that he depart feel that he or anyone else alive today should have to take care of, be responsible for repaying that. and you know, steve, he went in on him. >> well you weren't there when they wrote this constitution that you love to throw in everybody's face. but i have some vivid memories of that, too. remember when we women weren't allowed to vote? your forefathers had put that in the constitution. do you remember when your forathers, mitch mcconnell, put in the constitution that african-americans were three-fifths of a human being? s put member when that in there? had to change that, didn't you? oh, i forgot the whole time you was fighting. to make amends for slavery. >> this week got calls from all over the country wanting to have hat sound bite of the seven-minute closure of steve harvey addressing reparations. >> mincing no words. >> good to see you >> wendy, back over to you. >>> we invite to you stick around for news4 at 5:00, because susan hogan is going to share her list of things to watch for in your home that could be drainingyour wallet. aw to locate, fix and prevent number of leaks. >>> and then sweet su

angela rye, steve cortes, both of you go home with this, neither side has fixed a problem that everybody acknowledges is happening. we got to do better than this. >>> quite a week for mitch they say next week it's going to get done. why the hell did it take so long? now he's taking on advocates for 9/11 victims, the issue of reparations with slavery. imagine if i brought that up with those two debaters. we have a controversy we're going to take up with d. lemon, next. be done... and stay done. behr, ranked #1 in customer satisfaction with interior paints. great paint, new low price. starting at $24.98. exclusively at the home depot. be right back. with moderate to severe crohn's disease, i was there, just not always where i needed to be. is she alright? i hope so. so i talked to my doctor about humira. i learned humira is for people who still have symptoms of crohn's disease after trying other medications. and the majority of people on humira saw significant symptom relief and many achieved remission in as little as 4 weeks. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have

steve: clearly a crisis at the border. the question is whether or not the democrats would go along with the republicans. senate majority leader mitchnnounced they are going to start working on the package shortly. the way it would break down $3.3 billion for humanitarian assistance and then 1.1 billion for border operations. now, here's the thing. the congressional hispanic caucus met to discuss the language that they would, you know, that they would go along with. they want to make sure that the humanitarian aid actually goes for humanitarian aid and also, not for the detention of asylum seekers or fund for profit detention facilities. looks like the democrats would go along with it. ainsley: chuck schumer did say there is a chance for a deal the president is not going to get as much money as he is requesting. kevin mcaleenan said yesterday it was a full blown emergency. just 90% aren't showing up for court cases. if you look at the number of children in the last 40 days, 60,000 children, 60,000 children have entered dhs custody. that's enough to fill football stadiums around the country children. brian: many are fake families. on