>>>+steve grasso dumping big winners today.has him kicking them to the curb he will explain when "fast money" returns >> announcer: "options action" is sponsored by think or swim by td ameritrade. this gentleman?for hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. >>> welcome back to "fast money. if all of the recent market volatility has

traders on the panel today -- tim seymour david seabur steve grasso guy adami >>> the high flying semistocks getting crushed this week. one trader says there is more contain to come. >>> plus the rise of the alt coins. the chief officer at stellar will be here to tell us about how he plans to be wall street's favorite coin. >>> a selloff on the street. the dow now firmly in correction territory, after what had been a wild week. monday dropping more than 300 points we saw a bounceback. yesterday the dow dropped a stunning 700 points and followed that big move leer today that's good for a total of about 1400 points on the dow that is the second worst week on a point basis for the dow ever second only to a week in october 2008 is the worst yet to come for this market and with stocks near correction territory is the worst still to come, guy >> my instincts say the worst is still to come e. steve grasso last night at 5:35 is a shayed over the plasma and pointed out an extraordinarily important level in the s&p what was that level? >> which one 2585. >> 2585. >> where did we close today. 2588 stev

>> live from the nasdaq market site overlooking new york city's new york scare pete najarian, steve grasso and guy adami. tonight, an interview with cnbc about the challenges the social network faces. is redemption a relate for the tech join. john scully joins us to sign in on the scandal and weigh in on the tech wreck first, the dow got crushed today. sinking more than 700 points, closing near the lows of the session. now in correction territory. the s&p 500 joining the dow. both lower for the year. it is a myriad of issues unhinging this market. president trump announcing tariffs, tech stocks getting slammed as facebook remains under fire and chaos as well at the white house as the lawyer for trump in the mueller investigation resigns. guy adami? >> last week the lead of the show was are we now in a sell the rally mode pete said absolutely karen said this was the first concerned she has been in quite some time. she was getting long volatility. it's playing itself out. i thought the disappointing thing today, maybe i'm incorrect but 1:00 the market was starting to turn up now in the last

. >>> traders on tim seymour i brooen kell you steve grasso and guy adami. fob foib under investigation, is the worst still to come for the social media giant >>> plus bitcoin until pressure and twitter jumps on the bandwagon. but the big point bear market isn't slowing down >>> but first, we start off with the markets. stocks with a stunning comebabble up nearly 700 points, this on soothing words from the trump administration downplaying the possibility of a trade war erupting over the weekend. the market leaders coming back with a vengeance tech and financials both soaring. is the worst of the selling over can you trust the rally? guy. >> that might be one top five worse songs. >> survivor came back with another one. >> but the best movie -- >> back on point, please. >> steve grasso at 5:30 sauntered over to the telestrator, the key level to mark was 2500 on s&p where did we close basically exactly that level a huge level for the market. on friday we said no idea which way the market is going. but what we did say is once it starts to move, don't fade that

traders on the panel today -- pete najarian, steve grasso, tim seymour and dan nathan >> mitch steevs bought a media giant today. >>> the winner of the facebook fallout? it might be blockchain a top analyst will explain why the data scandal could be the catalyst for the blockchain technology >>> first we start with the federal decision to raise rates. jerome powell towing the line not too hawkish, not too dovish. let's get to steve leishman in d.c. >> let's tell people what happened it was the first press conference for fed chairman j. powell feds raise hiked to.15 to 1.75 and signalled more hikes ahead it upped the outlook for growth and lowered the gdp. also raised the outlook for interest rates not this year. one forecast short from a fed official for four hikes this year it remains at three. but upthe outlook to 2.9% next year and a strong 3.4% in 2020 it didn't move the inflation barometer or the outlook and i asked chairman j. powell how they could forecast better growth, lower unemployment but not more inflation. >> after the crisis it was 10% it's now 4.1%. you have only seen

steve grasso is sitting here we'll hear from him. we're sitting on a number he's been watching carefully in the s&p right now. we're at critical levels here, robert. >> the important thing is we've been meandering around all day awaiting news on the tariff. we changed 20 minutes ago when we started getting who rd that canada and mexico reports, canada and mexico would definitely be exempt and immediately moved on this. we moved a good 12, 13 points in the s&p 500. we are now essentially at the highs for the day. straight up in the last 20 or 25 minutes. the markets have other problems keeping it down. fundamental issues oil has been a problem we're knocking on the door at 60 d bank stocks have been behaving well we saw a number of these regionals at 52-week highs it's down a little here. down 1%. all the banks are down as the ten-year yields have moved to the downside we have had technology as a market leader. here's hewlett-packard nae some of the other major tech stocks three events the traders are watching number one, we want more

our guest host for the hour is steve grasso from stuart frankel, also a cnbc market analyst.at to see you >> good to see you guys. >> let's look at the u.s. ekky f equity futures the dow futures are in the green, so is the nasdaq and s&p. the dow industrials are up about 85 points right now, yesterday sol some of the industrials were pulling things down, boeing was one of

our guest host this hour is steve grasso great to have you here >> great to be here. >> let's check oututures it was a strong day for stocks yesterday. the dow was up by 330 points by the end of the day a swing of 500 points that we saw throughout the trading day this morning we are seeing that momentum continue with the dow futures indicated up by 72 points nasdaq futures up by

our guest host for the hour is steve grasso, director of institutional sales at stuart frankel.>> thanks for having me. >> you're here on the last trading day of the quarter >> and the month and the week. afrnlg >> a lot to talk about u.s. equity futures, green arrows this morning. that's not enough to erase the carnage we've seen this week, this month and this quarter. the dow futures indicated up by 114 points s&p is up by 14. the nasdaq is up by 58 this all comes as both the dow and the s&p 500 are on track to see a nine-quarter winning

in the meantime, steve grasso?> to pick up where lori left off you want to see if he's thinking three or four for 2018. we have heard him sound hawkish, dovish we want to see what we get from jay powell today do we get a tax reform analysis that we thinks will be a lot less hawkish than he once thought? does he think productivity will ramp up? where is inflation the mysterious inflation number, is he still perplexed by that? >> we have the mic situation ironed out lori >> i think markets are still trying to figure out if they trust this guy they want to know there is not a policy error, that they are going to move at a measured pace, not stifle growth. at the beginning of the year people said will they move too far, too fast. people are focused on growth they want to see you maintain the specific balance. >> joe, how worried are you about a policy mistake what would it be >> i'm not concerned about it now. what we'll see is hopefully more confidence but not more hawkishness. this is a nuanced message. we'll see tha

our guest host for the hour is steve grasso, director of institutional sales at stuart frankel. good to see you. >> thanks for having me. >> you're here on the last trading day of the quarter >> and the month and the week. afrnlg >> a lot to talk about u.s. equity futures, green arrows this morning. that's not enough to erase the carnage we've seen this week, this month and this quarter. the dow futures indicated up by 114 points s&p is up by 14. the nasdaq is up by 58 this all comes as both the dow and the s&p 500 are on track to see a nine-quarter winning streak come to an end, posting back-to-back monthly losses for the first time since september and october of 2016. dow is in correction territory as are the dow transports. s&p and nasdaq down more than 9% from the most recent records that were also set during this quarter. we'll talk more about this last trading day of the quarter today. and no green arrows to clean up the mess we've seen over this quarter. let's look at what happened overnight in asia. the nikkei was up 0.6% the hang seng up by a quarter percent. and then i

joining us as guest host still is steve grasso. where do you think the markets stand right now and what's happening with trade and beyond? >> to us this is a story all about earnings underneath all of the noise around tariffs and policy, the fundamental story around global growth, the corporate sector here in the u.s. and abroad is strong it's not about this tariff specifically and what it means for the economy. it's not a huge impact but the extrapolatiogoing ouin terms of what will happeas a result back and for at does this mean for us in terms of globalized synchronize economy. >> so you think any wobble is a chance to buy? >> that's what we've did normal pullbacks for the markets. this is normal the fundamental drivers are still strong recession, which is the thing that gets you nervous about equities, the thing that makes you change your course, we don't see that in the cards over the next two, three years. >> this almost seems like a consensus around the table, is that the consensus on wall street >> it is we saw buying oppor

joining our "closing bell" exchange we have thomas frost from frost&frost wealth management, steve grassond rick santelli. mr. frost, i'll start with you because your name sounds so great. what are you expecting from the fed tomorrow is that the key factor as we look into the rest of the week or still fallout from facebook >> i think the markets are anxious to hear what jerome powell has to say. i think they'll see if the fed is still on track with three rate hikes or if they look at the effect of all the tax cuts released in december and maybe they say, no, the economy is doing so well, maybe we need a raise four times by even with the four rate hikes this year, that does not mean suddenly monetary policy is tight. all it means is it's less tight than what it was it's still very, very loose, even if they do raise rates four times. that's not to take away from the fact that facebook is certainly still going to be on people's mind. >> the applause on the floor behind us, the congressional medal honor recipients are here to ring the bell they'll have a dinner in their honor and major charle

. >> joining us are david kelley of jpmorgan funds, steve grasso at post 90s from stuart frankel and ck santelli at the cme in chicago. welcome. steve, this is a strong session after what's been a brutal couple of days frankly, not a great quarter what do you make of it >> well, it was my belief if they were going to try to rip into them further they would have to do it ahead of earning season necessity have a couple weeks to get into it, until we get into the thick of the earning season. it's just around the corner. if you look at where we are when you said nine straight up-quarters, 2673 in had the s&p cash is where we have to close above to make it a winning quarter. i think they're going to try - >> that's 20 more points than we're up right now. >> well, it's kind of obvious where the inflows are going to towards equities they're going to try to make a run to close this on a positive quarter. i don't know if they'll fall short but i think that's where they're headed to. at least for the quarter. >> whether or not we do end positive for the quarter, clearly we're not down that much

traders on the panel today -- pete najarian tim seymour, steve grasso and guy adami tonight on fast,ring a death cross sending crypto traders into a frenzy. but tom lee keep calm and hoedel on first we start off with the tech tantrum, raging on and the markets fallen angels, the once high flying stocks could have gone from beloved to discarded.

. >>> traders on tim seymour i brooen kell you steve grasso and guy adami.vestigation, is the worst still to come for the social media giant >>> plus bitcoin until pressure and twitter jumps on the bandwagon. but the bipo

brad, jack, and steve grasso jack, what do you think? like bill said, when we saw very huckabee sanders said there's potential carveouts for mexico, canada, and others, we'll see the market move from the bottom here not that much. why? >> it's not the whole story. notice it's been a by fiforkate market place we see it in nasdaq, cloud marketplace at ucx, there's no reservations whatsoever about tariffs going out, but the problem with this, michelle, is the fact we're fighting with 19th century weapons, that's tariffs. this is the 21st century we got the technology, smart contracts, pick out the origin of where that steel was made block chain could solve a lot of the issues rather than going out there and flowing a blanket tariff out there the real problem as i see it, and real problem the market is digesting is this ideological war that's taking place between protectionism and free markets that is right now, you know, right in front of us, taking place in the oval office >> and we're just noticing the peso has come back to some degree, s

joining us are "fast money" traders steve grasso it's a doubling down on ibm, but would you be a buyerin the water here and start to nibble away. i think they've really ratcheted down and figured out a strategy to fix their growth issues, right? i love the fact that they've invested in ai, i love the blockchain initiatives, even crypto , they're going after that i look at street ratings and say there's not a lot of real buy ratings. a lot of neutral ratings, if you will and two sell ratings i think you could see street numbers and expectations and ratings ratchet higher if they continue to execute. it's going to take a few quarters to prove that i think the stock is a little range-bound near term. if they execute, you'll see it take off. >> what do you think >> they've had more than a few quarters even though david might be right shorter term, if you look back maybe four or five years, it's on a declining trend line. you start back from the $215 price level and it has not ripped out of that declining price trend since then free cash flow a problem, at 2017 probably an anomaly they grew

traders on the panel today -- tim seymour david seabur steve grasso guy adami >>> the high flying semistocks crushed this week. one trader says there is more contain to come. >>> plus the rise of the alt coins. the chief officer at stellar will be here to tell us about how he plans to be wall street's favorite coin. >>> a selloff on the street. the dow now firmly in correction territory, after wha

traders on the panel today -- pete najarian, steve grasso, tim seymour and dan nathan >> mitch steevsner of the facebook fallout? it might be blockchain a top analyst will explain why the data scandal could be the catalyst for the blockchain technology >>> first we start with th

fernandez, one of the guys, from cross mark global investments is part of our exchange jeff and steve grasso from stuart frankel at post nine. we'll make this quick. we try to come up with reasons the market moves one way or another. this morning, 120-point rally turned into 166-point decline. and there was no apparent reason why, other than, you know, buyers and sellers, right? >> when you get up close, it's really hard to see the picture when you pull yourself back and get a little clarity, hindsight's always 20/20 all these movements that we see is, for me, all about tariffs. it's all about the political environment. we've lost sight of all those individual stories obviously, the first story before the market even opened was the north korea headlines. so, these are positive things. we're right at the 50% retracement from the all-time highs and the recent lows. so, everyone who comes on air, you can be bullish or bearish you could both be right. it's a flip of the coin. ultimately i think markets will go higher because there's more positive than negative i'll let the others speak because i

joining on "closing bell" exchange is steve grasso and rick santelli from the cme in chicago.ood afternoon to you. at the market levels, you've been watching the s&p level very carefully, key levels dropped below and hovering around. >> sure, if you are watching from a trading desk or at home looking at the the s&p and spx wondering why we are stuck here at this level, that is the 50-day moving average, so algorithms key in on that, traders key in on that we broke it a couple times today. that's a key level that the bulls must hold today if the market wants to ratchet back higher from there. if we do break into the downside, then you look at the 20-day moving average. so traders, professional traders, that is called the momentum indicator that's the bull-bear line, 2731, giving you breathing room below it if you are a real bowl and want the market, which is react extremely well telling you events that took place this past week, we would be in a corner curled up. >> behaving more like it is -- >> no volatility, fair enough, but to that point, 2789, feels like a lifetime ago. we

joining is sylvia, here with us at post nine, along with steve grasso, director of institutional sales at stuart frankel and rick santelli joins us from the cme in chicago >> over the last couple of weeks you picked any number of things, it was rates what i find is kind of ironic we're looking at the ten-year and what started this whole thing out was a sniff of inflation, worried about rates popping. now everyone is worried about, what are rates telling us? it's the risk-off trade -- >> what's the tail and what's the dog? they said the social media selloffle is taking the ten-year lower so - >> we've had a record run. as soon as you get anything that's negative in the least -- you have the facebook story that's bled out through to twitter. you have the nafta originally, and then it was aluminum and steel and now the tariffs. can you go any which way you want the truth is, i think if the market can navigate the next couple of weeks, specifically this week, we start to run into earnings with earnings we have the tail wind of the corporate tax rate being chopped down to 21%. i think that

>> live from the nasdaq market site overlooking new york city's new york scare pete najarian, steve grassond guy adami. tonight, an interview with cnbc about the challenges the social network faces. is redemption a relate for the tech join. john scully joins us to sign in on the scandal and weigh in on the tech wreck first, the dow got crushed today. sinking more than 700 points, closing near the lows of the

our guest host for the hour is steve grasso from stuart frankel, also a cnbc market analyst.reat to see you >> good to see you guys. >> let's look at the u.s. ekky f equity futures the dow futures are in the green, so is the nasdaq and s&p. the dow industrials are up about 85 points right now, yesterday sol some of the industrials were pulling things down, boeing was one of them. the nasdaq was strong yesterday, closed up thanks to not only technology stocks doing well, also amazon, starbucks, those stocks helping things out. let's look at what happened overnight in asia. you can see the nikkei was up by 0.6% hang seng was flat shanghai was down. then if you look at what's happening this morning on the continent, in europe, you'll see things are up across the board biggest gainer of the major averages is the cac in france. then you'll see the treasury market we've been watching the yield on the ten-year closely it looks like the ten-year is yielding 2.881%. yields came down yesterday, not only many major stock averages down but yields down at the same time >> we cover the fut