maybe more says steve grasso coming up, the new iphone launch the rumors are swirling. down fact and fiction right after this break traders are betting the run is about to come to a screeching lt we've got the details. much more fast right after this. whoooo. looking for a hotel that fits... ...your budget? tripadvisor now searches over... ...200 sites to find you the... ...hotel you want at the lowest price. grazi, gino! find a price that fits. tripadvisor. track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. >>> welcome back to "fast money. apple setting a date for the highly anticipated iphone launch let's get to josh lipton in san francisco with more. >> melissa, mark your calendars. apple's big event will take place on september 12th, starting at 10:00 a.m. pacific the invite reads, let's meet at our place. please join us for the first ever event at the steve jo

traders on the desk tonight, pete najarian, tim seymour, steve grasso, guy adami. energy stocks sinking again today, on pace for the worse month since december of 20 is15 as a group down 18% this year. with venezuela's problems heating up, are oil stocks finally a reel bual buy >>> plus, chinese tech stocks are soaring, play the ultimate game of investing would you rather >>> you may have heard about this eclipse. >> no, what happened today, brian? >> amazing americans across the nation now comes the hard part. the trips home and the cleanup we'll show you some of the aftermath. so much to do. let us begin with your money it was a mixed monday for the market the dow and the s&p finishing fractionally higher. the nasdaq slipped just a skosh, i believe they call it in minnesota. >> you betcha. >> if we stay weak, guy adami, is it a buy the dip market >> we stay weak. i would push back and say today was an encouraging day by the way, great having you onboard, great to have you here. thanks for helping out. >> established that earlier. >> we talked about 2410 being an

>> well, what do you think, steve grasso then what? and what role do you think the bond market could play in the future of the stock market here. i mean, the bond market has been moribund for a while even as stocks have marched higher. >> to sum that up pretty well on the bond side, we leave that to central banks and what in fact miss yellen will do and that will affect the bond market. the dollar doesn't know what she's going to do. the dollar rallied up right after the election and president trump talked that dollar down based on china, his comments with china dollar settled in, but then it legged back down again when we couldn't decide what the fomc was going to do. i'll leave the bond side to rick i'll tell you the equity side. we grind higher hand continue to grind higher thereto he's no reason for us to sell off right now earnings have been great the follow through has been lackluster on the certain sectors in the economy, but nonetheless the economy still moves along, chugs along and takes the equity market with it. >> michael,

. >> closing bell exchange, peter anderson and steve grasso and jack, i want to start you.e've got a very nice rally in the equity markets also got a soft dollar is that a driving force behind the equity market rall re, do you think? >> wilfred it has been for the past seven months. talking to european portfolio managers, they will tell you they are under water the s&p might have been up 9% or 0% and the dollar is down that much before we go pat pentagon ourselves on the back and be all nice and happy about what's going on here, let keep in mind that a lot of it has been because of this deteriorating currencies weak currencies weaken nations so we have to be very, very careful and unless you think that the market will go down against the euro currency, it might be a bumpy road ahead of us for stocks over the next couple of months. >> steve grasso, sitting over there at post nine, i know you've got fresh eyes off your vacation do you see anything in this market, you know, from a different perspective now? >> well, when you look at what we sold off on, i think that was an ove

traders, tim seymour, david seaburg, steve grasso, guy adami. the destruction of hurricane harvey continues to unravel. texas deals with massive flooding and more rainfall expected in the next couple days we just heard the president addressing the nationwide effort of are rescue and relief in the state of texas brian sullivan on the ground in galveston, texas, monitoring the impact of the emergency ecosystem. let's go to him. brian? >> reporter: hey, melissa, thank you very much. the winds are picking up in galveston. largely spared, although we've been driving as far north as we can. tomorrow galveston is supposed to get whacked inforecasts are wong that could impact the refining industry, which is already hurt. most of the refineries are about three, four miles that way a bunch of them are shut down. an estimated, let's call it 15% of refining capacity offline we don't know exactly for sure, marathon petroleum, for example, was cagy, said we don't give updates. we drove by the refinery today there wasn't many cars around. that's why we're seei

starts nw overlooking new york city's time square traders on the desk, tim seymour, brian kelly, steve grasso, guy adami. united technology reportedly looking to buy rockwell collins. what price subtraders see the deal getting done for. >>> plus one left for dead dotcom bubble stock quietly made a new all-time high today. we'll give you the name today and tell you tow to play it. >>> later bitcoin surging to a new high leaving some worry the cry crypto currency bubble might be ready to burst brian kelly tells us why it has more room to run and take your bitcoin tweets. >>> first, we start with the markets. dow and s&p closing at a record high marks the dow's tenth straight gains. the xlk, etf, tracks the tech sector officially recovering all its losses from the june 9th selloff, closing at its highest level since 2000 now over that time, health care, financials and industrials have taken off. with tech seemingly back to the saddle, is it time to put fresh money to work? so basically the question is, do you go with the sector rotation or do you stick with tech which seems to be getting its moj

let's bring in steve grasso at the nyse tell us about the mood down there.are people talking about? >> this does not feel like war to me. does it field like war to you, ty >> i would say it does not feel like war to me but field lying a -- involves an untable regime >>. >> that increases risk i don't see much translating within the market play >> i don't see it in conference sits, don't raely see it in gold the vix is up a bit, but 2 can do lots of funny things for lots of funny reasons with we know what north korea does this is sort of a page out of the his playbook if there's another step, of course when you heard jeff gundlach talk about a 3% drop, we haven't had anything, even a black swan event is capable of doing that rather quickly. a -- that company contributing to a lot of the point loss there. but would you go so far as to say that people who were of a mind to lighten up in equities got the excuse they needed yesterday to do so >> i would agree wholeheartedly. it's been a losing game plan if you lighten up and this market has gone straight up in yo

traders on the desk tonight, pete najarian, tim seymour, steve grasso, guy adami.e month since december of 20 is15 as a group down 18% this year. with venezuela's problems heating up, are oil stocks finally a reel bual buy >>> plus, chinese tech stocks are so

traders, tim seymour, david seaburg, steve grasso, guy adami.unravel. texas deals with massive flooding and more rainfall expected in the next couple days we just heard the president addressing the nationwide effort of are rescue and relief in the state of texas brian sullivan on the ground in galveston, texas, monitoring the impact of the emergency ecosystem. let's go to him. brian? >> reporter: hey, melissa, thank you very much. the winds are picking up in galveston.

closing bell" exchange to discuss is kim foo, cnbc market analyst and also from stewart frankel steve grasso and our own rick sell el over at the cme e. rick, i want to start with you what an extraordinary turnaround we saw from sort of the middle of the night to early this morning, not just in equities but particularly in the u.s. dollar talk us through what happened there. >> yeah. it's really quite amazing. the dollar index getting down to levels we haven't seen since the very end of 2014, and it's come back a lot maybe they can show the chart, came back. it's now unchanged virtually unchanged. 22.20, 21. you can see the big recovery, and you can see it's the lowest price for dollar index since the beginning of 2015, and it does underscore that the euro popping above 1.20, something that many thought was likely but not going to happen any time soon, that was just several months ago. the euro currency has a lot of strength in its own, but at this point the currencies that you always see pop when you see news like north korea seem to be those currencies getting involved in lots of derivativ

bell exchange with the dow up 72 points, the chief investment strategy at jenny montgomery and steve grasso from post nine and rick santelli gheks from the cme in chicago. just from march to now, from 21,000 to 22,000, this market continues to move on. >> always have a big benchmark series of data points in the indices we get there quicker don't get there quicker, do the ebb and flow, but to your point you have to hit that number before that number is counted, and you check that box, right? i totally agree with you we're making a lot of headway. rotation is the key for me though do we see all eyes on apple right now. if you see apple have a stellar print and the stock continues to fly high it's going to be very difficult to switch out of f.a.n.g. and go into energy. not as sexy. >> you know what is sexy right now in terms of groups and rotation is telecom. i'm watching that group lead while autos continue to get hammered on these latest set of results. how do you play the rotation, and are you moving money around as we see it continue to switch? >> well, sara, that's a little bit of a diffi

starts nw overlooking new york city's time square traders on the desk, tim seymour, brian kelly, steve grassoi. united technology reportedly looking to buy rockwell collins. what price subtraders see the deal getting done for. >>> plus one left for dead dotcom bubble stock quietly made a new all-time high today. we'll give you the name today and tell you tow to play it. >>> later bitcoin surging to a new high

. >> can we restart this already >> you and grasso, steve, i love him.oth you guys. >> however -- there's a however -- >> no, no however. that's all i will say. uber's new ceo, dara khosrowshahi making headlines at an all-hands meeting in san francisco. he said he believes uber should be public and that we could see an ipo timeline of 18 to 36 months ub hear a ver has a valuation o8 billion, and daraa sa says the n is to pay the bills. we go way back >> khosrowshahi. i've been practicing >> i know. board member arianna huffington tweeting this photo saying a special selfie at end of a special all-hands meeting. the tweet said dara will take the helm at uber on tuesday. >> just trying to figure out how people are melding behind the scenes which board members are lining up where how travis kalanick will get along with dara khosrowshahi arianna's key in all of this because she has been seen as being on travis kalanick's side. if she's also embracing him, maybe there could be at the beginning some semblance of trying to work together. that's what i would tak