the nasdaq market site overlooking new york city's times square melissa lee traders tim seymour, steve grasso. guy adami tonight on fast nic' record run rages on. one of the traders says this is the beginning an a bigger rally. he will tell us how high hedge fund titan michael novogratz. he said bitcoin would be double. likely to hit 40,000 why is he calling for the crypt of comeback now and what does he think about the move in ripple he will talk all things crypto we heard you loud and clear krips o universe we tweeted you voted you want the bit coin bug back boom there it is the bit coin bug is officially back by popular demand at least for tonight so twitter take a chill pill we start tonight with the fang fade out in an old school blast of maria carey. is it time to let go of fang as the market hits high after new high, the fang stocks no where to be found. none at new highs facebook in bear market. netflix in correction. google barely out of correction. amazon down 7% from its high all the fang stocks sell off today as well is this trade the fang trade over guy. >> i think it's going to

. >> steve grasso.space is over extended they have run too far with coonos. >> yoeman's work in mel's absence. >> a privilege and pleasure. >> it has. >> i can't even be inseer. >> i think twitter is going down. >> i tk ooit -- thank you very much thank you very much. "mad money" with jim cramer begins now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job not just to entertain but to teach so call me at 1-800-743-cnbc or tweet me @jimcramer. has the stock market totally lost its mind? i mean, when president trump impose as 10% tariff o

steve grasso is over at the plaza with the more you know steve. >> this is the way it looks right now. you have technology and you have consumer discretionary you used to have this telcom index. this is what is in there right now, not real sexy how is it going to change? all of these companies will get to pick to see who they want in here they have already done that. this is what it looks like now so you've got alphabet, you've got facebook, which is coming over here. activision blizzard, electronic arts not only are they going to grab all these names but they're going to grab your traditional media stocks here as well, so cbs, disney comes over and now this is what the major shakeup is netflix is going to be over here as well. you have alphabet, you have netflix, you have all these growthy names. this sort of gives you your tech base here. now, what does technology look like after we leave it apple goes from basically a 15 weighting to a 20% weighting in the consumer discretionary, amazon which used to be 27% weighting, 35 now. mcdonald's, nike, those seem obvious to leave in consume

release over labor day week spectacularing outrage as the consumers threatened to boycott including steve grasso. >> i'm not buying nike products. this is the superlong game my kids are not expose ds to it therefore they are not going to know that as a brand we knew as a brand. personally i'm probably going to go elsewhere because i don't agree with it. i'll go elsewhere. >> stock is it up 5% since then. grasso. >> we were unanimous across the board that's what i said it doesn't affect the stock there is a lot of people outside this country don't care whether we take a knee or not. that's not the reason why i didn't agree with it. >> i didn't agree with it because i didn't agree with the ven enewe. i didn't agree with nike doing this it seems contrived to me i didn't want to play a part to it for me stockwise it can rip. under armour up year to date more than nike but i'm not buying for me. >> it's interesting steve in a few years the kids not allowed to nikes they are going tok woke and buy whatever the he can heck they want. this is the move nike makes whoa you think it they are saying there i

the nasdaq market site overlooking new york city's times square melissa lee traders tim seymour, steve grassofast nic' record run rages on. one of the traders says this is the beginning an a bigger rally. he will tell us how high hedge fund titan michael novogratz. he said bitcoin would be double. likely to hit 40,000 why is he calling for the crypt of comeback now and what does he think about the move in ripple he will talk all things

. >> not right now but maybe in 30 billion, $25 billion steve grasso as $150 price. >> yeah, why noton. >> >> huh. >> that means we are only thinking about car companies buying the company. >> right >> exactly. >> when really -- i mean the field is a field -- >> maybe what happens is -- >> does google take out some piece sns does alphabet come out and take pieces of the autonomous do they take out some pieces or is it a carcass hunt at this point? not a one size fit into the box take all, winner take all. >> there is of an important distinction to make too the s.e.c. is charging elon musk as an individual and not charging tesla yet. >> did you think that was interesting in the press conference, because ultimately when asked they almost seemed like they -- they weren't ready to discuss it. but they certainly didn't rule it out. >> rule what out. >> that the company could also have an indictment and i thought that was interesting. >> in the early days of the investigation for more on the story let's bring in "new york times's" jim stewart cnbc contributor great to have you. the last ti

two lawyers, which is pretty amazing, steve farina, williams and connelly, veteran litigator, represented dick grassonew york stock exchange case, you remember that? and campos, a veteran litigator, appointed to the full commission of sec by george bush twice. these are two guys deeply embedded and know a lot about the regulatory apparatus at the d.c. both at sec, they're the main litigant, that doing the main investigation, that fox business broke first that subpoenas were sent, focus heavily on statements mr. musk made whether they were false or not false and whether theres were some truth to them and whether those statements violated sec rules particularly, 10-b-5, which says you can't put out intentionally false statement with moving the stock. there are statements about the car production and profitability. it is the private, going private, whether he really did have the funding and i'm telling you when you bring in someone like steve farina, and i know steve a little bit because i covered the grease sew case, veteran litigator will get in the trenches to fight for his client. when you bring in