selling his own shares of the prish yens purchase he made of his own shares had. >> the wynn bottom.s in the 50s. >> it was in the high 50s then. >> to a. >> what did we think about him maybe selling shares now. >> if you loved getting in with him when he was buying shares by definition you start selling when he is selling my pushback would be he did that by choice then i don't know if he has a choice now. i think the shares are going higher and by the way, this is contessa's first time with us here. >> welcome to the "fast money" set. >> in person, and she did it on her birthday >> i know. on her birthday. happy birthday contessa. >> announced to everybody. >> quickly and when. >> all the charts look similar, ironically, but i think for wynn the worst is over. i would be a buyer with him selling it >> contessa, unk that happy birthday to you. >> final trade time. tim. >> diageo. >> i think if you look at guinness it is a company that's going to be positioned >> dock horton is the name that i love >> alibaba it's going higher. $200 last print shl it's going higher. >> we have got the

i love this town >> after the ousting of steven wynn, investors are loving shares of wynn resorts and after you hear what the new ceo told cnbc, you might, too. >>> plus, calling all "options action" fans reach into your pocket grab your phone. ptnstweet us your question at "oio action. if it's nice, we will answer it on air when "options action" returns. >> la jollacal -- logical. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? 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 but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪

the headline coming occupy of the wynn resorts las vegas this company is not for sale i sat down withhe new ceo matt maddox for his first tv interview and asked him if he is fielding phone calls about buying the company either in whole or in part >> as the ceo i have a fiduciary duty to entertain anything but what i can tell you, we are not for sale and there have been talks about breaking the company up. that also makes no sense to pursue those alternatives is a mistake. i'm getting everybody focused again on what it is that we do we build places that are fun and that produce the best returns in the business >> when you have massachusetts politicians saying we don't know if this project can continue with the wynn name up on the building, would you consider a name change? >> the emotions are very raw right now on this subject, which i completely understand. but to make a branding decision that would impact 25,000 employees and 20-plus-million guests a year at this time, i think would be a mistake. >> under the leadership of matt maddox, wynn resorts has now settled one big lawsuit wit

if you take a look at shares of wynn, the stock regained most of its losses against steve wynn first surfaced with the new ceo at the helm if you're looking to roll the dice, mike has a way taskew the odds in your favor. take it away. >> we'll look at a call spread risk this is a trade that we're going to want to look at when options elevated are premiumed it spiked when they gapped lower on that news they are still well above average. the second thing we're trying to do here is we're trying to capture some of the upside, but, finally, we also want to avoid some of the risk of further downside after we saw this news come out and we'll take a look at how the stock behaved. we can see what's going on here. as you alluded to, this is when the news took place. stocks fell very sharply and now we recovered a decent bit of what it lost essentially, if you get in and you start buying the stock right here and you get more bad news, we have a sense of where that bad news will lead to. right around the 170 level the trade i'm taking a look at doing here is the 170, 190, 210 call spread risk rev

i think there is a good chance if the tape is benign you are going the see wynn resorts trade up to thewe saw before this happened. >> mccarron airport stats? that's like going to tj max to look at under armour sales. >> in terms of what we are seeing now, steve wynn, how old was he and was he sooner or later going to step down did that play into what you have got going right now as well. >> if it had happened ten years ago i think it would have been detrimental to the shares and i'm not certain it could have recovered. i think you are at a point this the his trae of the company where mr. wynn was going to leave at some point anyway i can't speak to the integrity of their bench but again i think this company is steadfast enough and is on strong enough footing where mr. wynn being there or not is not a factor anymore. i think you are through the headline risk. he sold his shares at $175 or so that's your ogey i do think the stock is worth north of $2000 a share. >> should it trade at discount or a premium to lvs? >> in my opinion it should trade at a premium i think las vegas sands last

the big news on wynn resorts was the settlement of this big lawsuit that's been dragging out for six removes a huge potential money liability, some analysts predicted it could have been $5.3 billion had judgment come down against wynn resorts, and also the possibility of dirty laundry getting submitted as evidence in open court matt mattox said it was one of his first priority as ceo, and he sat down and talked to me >> when i took over, i knew what i wanted to do which was to talk to a reasonable management team in tokyo, and get this behind us. and make a settlement. >> in what way does it clear the way for the future for wynn resorts? >> it was just an overhang that took too much management time and too much attention it was taking the air out of the room and so when i looked at it, i thought buying back 24 million shares of stock at $78, financed at a 6% interest rate, is great for our shareholders just make that deal and be done. >> when did you learn about the complaints about steve wynn's behavior >> the complaints i learned about when they became public in a press release a co

resorts he said no, the emotions are running too high. steve wynn'separation agreement last month with the company prohibited him from selling more than a third of his shares in any quarter, but yesterday in the filing there was no mention of these restrictions i have a lot of feelers out here trying to get down to how much could he share, and what this means for the company. >> easy to forget that las vegas sa sands is exponentially larger than wynn, are they not? >> they have a lot of money on hand they have the cash on hand to buy wynn, but a company spokesperson told me they have no interest. they're operating in the same markets already. mgm has been mentioned address a possible buyer if they were to split up into parts there would be interest in the boston casino. >> has there been indication when you were on the ground there that wynn's core business has been hurt at all >> no. none their bookings have not declined they had high-profile groups withdraw from conferences. in fact reservations, they have been booked to capacity. they had some soft

are being impacted the ceo of mass roots, a cannabis news and review website, he was banned from the wynne after listing his company on an application for a lail loyalty card >> i would like to not be banned from these institutions and it was very embarrassing to be escorted off the floor even though we're a business that is complying with all regulations and compliying with state laws it's disappointing >> all right the wynn wouldn't comment, but dietrich says it sent him an e-mail saying the customer due u diligence procedures identified your business as a marijuana related entity that derives its income from marijuana. unfortunately, this puts your source of wealth in the marijuana field as this is being paid from business of the sale from marijuana bun interesting exception. allowing casinos to continue hosting cannabis trade conventio conventions. gu guys, that kind of money from pot is okay, i guess because kwacasinos aren't changing from. they're not handling the cash then turning it into chips and check. back to you. >> jane, the big concern is they could lose their license right?

resorts, okay it's called wynn resorts the company's face was steve woo wynn it wasn't mr. you know, the shares are up because people want the liabilities kind of swept under the bridge so it could be fixed up for sale. >> they want wynn himself to sell - >> fblg, of course again, this is just interpreting for -- >> yeah, wall street is looking at the shortest path between where they are now and realizing more value for it. they're going to hope, perhaps, for a sale or partial sale doesn't mean it's going to happen right away. >> contessa, thank you great interview. >>> here's a look at how we finished on wall street today. it was higher by more than 1.5% across the board second best day of the year for dow and s&p, third best day of the year for nasdaq. >>> it's time for our news update with sue herera. >> hello again, everyone flanked by family members of students who were killed in the parkland high school shooting, florida's governor, rick scott, signed a $400 million school safety bill which places new restrictions on guns he said the bill balances, quote, our individua

prior to her conversation, she was the chairman of the wynn quest group, enterprise and investment management firm. in addition to leadership in the education arena, she's also served on the boards of numerous national and local charitable organizations like the kennedy center for performing arts, kids hope usa, art prize, morris hill bible church, and kendal college of art and design. she's a graduate of calvin college from grand rapids, michigan earning an masters of art degree. she's married to dick devos and have four children and six grandchildren. please join me in welcoming our secretary of education, betsy devos. [ applause ] >> thank you so much for the kind introduction, and the last line about my six grandchildren, and as of tomorrow, i hope to have seven as my daughter is a week overdue with her second little girl, and will be induced tomorrow. i'm looking forward to that. thanks. i want to thank each of the chiefs and your teams for everything you do to ensure the students you serve are well-prepared for successful careers and fulfilling lives. i also thank you for partnership ov

. >>> can wynn survive without the wynn contessa brewer spoke to the new man at the helm about what heafloat we will hear what he said later this hour. you are watching "fast money." here's what else is coming up on fast. >> bitcoin had its own personal bear market this week. according to bitcoin bull tom lee it might be flashing a secret buy sign. he will explain. >>> plus, tech just hit a new high but one of the fang members is losing its bite. we will tell you which o, neand how to profit when "fast money" returns. your parents have been talking about you for years. sorry about that. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. have a seat. yeah. knowing that the most important goals are yours. with 15,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. you or joints. something for your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nat

>> i do. >> what do you think of this we have learned recently, we were joking about it the other day, wynnas getting out. why should we be getting in? >> well, because if he were still there and didn't have some of the allegations against him, which he's fully denied, i guarantee you he would not be getting out of his stock i think steve wynn has done an outstanding job over the years in terms of how he bought his own stock when it was getting beat up. he told everybody by the way he -- by what he did with his actions. yes, sold out of his stock position going forward, there was parts of this put in place that are all the way through 2022 and beyond so he has set the table for the next ceo that's going to take over, and move wynn forward. you got to understand, they have a great position, they have incredible flows in terms of cash flows, and the fundamental story is there everything is still in place steve wynn won't be there, i think that's sad and unfortunate that he won't be leading his company with his name on it, but nonetheless, i still think this is very easily a $200 plus stock in

the stock of the hour, wynn re sorts. the results are largely positive, shares higher this morning.th more, taylor riggs. ,eporter: this from mccau continuing to crush it. showing revenue, starting to pick up. they opened up a second property called the palace. chart, not shown on the that picked up from $583 million to the billion range. that makes up 70% of the revenue. , thehe vip's winnings are now up 40% year-over-year. now $11.1 gambled is billion in january and february alone. this chart here, the dollar amount, we are assuming the more you play, the more you win. that works. continuing to rise. aboutwhat about headlines steve wynn's the berkshire? -- departure? concerns,there were how would the company go on? their increasing dividend to 50%. that has eased investor concerns. since the sexual harassment allegation when he stepped down, they are now recovered. down 1% since that. investors taking this in stride. also another measure, not direct correlation but i wanted to show home value of las vegas as a measure of demand. people coming to the city, the shooting was horrific

the lawsuit dealt with wynn's forced redemption a mistake at a 30% discount after a an f.b.i. stigation determined okada violated anticorruption laws. toys "r" us is preparing to liquidate american operations. the retailer has failed to find a buyer or debt structuring deal -- restructuring deal. it entered bankruptcy with $5 billion in debt. weeksomes less than two after the u.k. operations were forced into administration as well. the disgraced former pharmaceutical executive is set to be sentenced today. he gained notoriety for jacking up the price of a life-saving and poured fuel on the fire with a provocative social media presence. he faces up to 15 years behind bars for securities fraud. the judge ordered him to forfeit over seven money dollars in assets.- $7 million in a reward on facebook to anyone who could steal a lock of hillary clinton's hair. head of his sentencing, one supporter argued for leniency citing his social media output as performance art. we will see you either in the museum or prisoson, whichever comes first. anchor: thank you. it is time for our press r

where does the stock go from here and wynn putting money on the table to make this lawsuit go away what is ahead and an exclusive with the wynn new ceo moments away "power lun

limitations on slot machines, no games.ions on table that's your normal casino, the sands, thed, the wynn. a restricted license, however, license that limits slot machines, limits table games. example, at a truck stop you might have a gas station with four or five machines. be a restricted license. so in order to have sports wagering, you need to have a nonrestricted license and with that, the investigations division of the control board very extensive background check to make sure that the suitable.s the enforcement division, on the other hand, makes sure that the licensee maintains compliance with nevada's rules, laws and internal controls. our office, the attorney office, we have about eight lawyers that advise the gamingion and the control board on all the matters i just discussed. inside of the enforcement division, there's 120 staff members. 90 sworn peace officers, and 30 administrative staff. bottom of the screen, those are some of the duties that the enforcement division maintains. so, investigating criminal matters associated to any wagering abnormalities, match et cetera. revie

limitations on slot machines, no games.ions on table that's your normal casino, the sands, thed, the wynn. a restricted license, however, license that limits slot machines, limits table games. example, at a truck stop you might have a gas station with four or five machines. be a restricted license. so in order to have sports wagering, you need to have a nonrestricted license and with that, the investigations division of the control board very extensive background check to make sure that the suitable.s the enforcement division, on the other hand, makes sure that the licensee maintains compliance with nevada's rules, laws and internal controls. our office, the attorney office, we have about eight lawyers that advise the gamingion and the control board on all the matters i just discussed. inside of the enforcement division, there's 120 staff members. 90 sworn peace officers, and 30 administrative staff. bottom of the screen, those are some of the duties that the enforcement division maintains. so, investigating criminal matters associated to any wagering abnormalities, match et cetera. revie

the settlemen could clear a path for steve wynn, the company's biggest shareholder and formerrm ch to sell part of his stake in the.can. the new ceo says the deal allows him to focus on the future. >> it was taking the air out of room. d so when i looked at it, i thought, buying back 24 million shares of stock at $78 financed to the 6% interest rate is great for our shareholders. so just make that deal and be done. >> steve wynn of course resigned from thee company founded last month amid allegations of sexual misconduct against employees. >>> martin shkreli, the former farm suitcal executive who became known asas pharma bro w sentenced to seven years in prison for defrauding investors. meg terrell is athe courthouse brooklyn. >>> a federal judge has sentenced martin shkreli to seven years in prison for on his conviction of three counts of securities fraud and conspiracy to commit securities fraud. that stence will include credit for the time he has already served in prison, about si months already. he will also have to pay a o5,000 fine and be subject to three years probation after h

limitations on slot machines, no games.ions on table that's your normal casino, the sands, thed, the wynn. a restricted license, however, license that limits slot machines, limits table games. example, at a truck stop you might have a gas station with four or five machines. be a restricted license. so in order to have sports wagering, you need to have a nonrestricted license and with that, the investigations division of the control board very extensive background check to make sure that the suitable.s the enforcement division, on the other hand, makes sure that the licensee maintains compliance with nevada's rules, laws and internal controls. our office, the attorney office, we have about eight lawyers that advise the gamingion and the control board on all the matters i just discussed. inside of the enforcement division, there's 120 staff members. 90 sworn peace officers, and 30 administrative staff. bottom of the screen, those are some of the duties that the enforcement division maintains. so, investigating criminal matters associated to any wagering abnormalities, match et cetera. revie

that ceo tried to apply for a loyalty card at the wynn, listed his company, not only was he turned downbanned for life so today the state gaming policy committee -- which includes the governor and mgm resort ceo jim murran got together to come up with new rules casinos cannot be in any business with the marijuana industry in any capacity they can continue to allow pot conventions on site because those have certain first amendment protections. >> >> i think it provides teeth to a difficult issue but also understands the fluid nature of conflicting laws between the united states and nevada and i'm fully in support of these change changes. >> here's the real problem, guys, money laundering, even if the money is legal in the eyes of the state one ceo of a large cannabis company told me no bank will take his cash so he brings the cash to vegas, goes into the casino, turns it into chips, gambles it, cashs the chips in for a check that he can deposit into a bank. very difficult to know how much of that is going on and how to stop it. back to you. >> jane, thank you very much. >>> will pot stoc

the casinos. particularly mgm and wynn, it is all about the fundamentals and the fundamentals in the cow. yes, the chinese gambling haven. it was strong year over year for the chinese new year, and macau, not las vegas, is the most important city in the world for casino stocks. i wouldn't say this for the fundamentals weren't good, i think wynn might be acquired by another casino company now that steve wynn stopped down from his operating role in the wake of the admittedly disturbing sexual misconduct allegations wynn resources is a formal company, but because of mr. wynn's behavior, the stock is more than 20 points off its highs. i think it is a natural takeover target for las vegas sands or mgm. it doesn't rally 10 bucks in one session for nothing. we even got a rally, oh, my god, talk about broad-based, airline stocks the airlines, something that hasn't happened for ages what ignited it, not the bad weather causing flights to be canceled right and left. traffic in february was up 3.5%, capacity increased by 1% we have been worried that the airlines would add too many new planes and get

these products are already banned in europe and the wynnes aren't waiting for the epa action.iting for a change.org to petition retailers to take the products off store shelves, they're going to try to start a movement. >> masks are not enough, right? >> you have to have a specialty device that would force oxygen into your face if you're using it indoors and that is something that the epa says consumers are not going to buy. it's like 500 bucks specialty equipment. but the question is will the epa go through with the ban they proposed under the obama administration and environmental and consumer advocates are very afraid that under the trump administration this is just a move to push this off and not have it happen. >> anna werner, thanks. >>> can your likes tell facebook more about you than even your close friends might know? ahead, meet the stanford data scientist who developed a sophisticated way to predict your personal traits. why he says we're in a post privacy world. >>> and we invite you to subscribe to our cbs this morning podcast. find them on itunes and apple's podc

don't miss the cfo of kroger live on "squawk box" at 8:20 a.m. eastern time. >>> wynnesorts says two board members will step down as the company continues to deal with the investigation into allegations of sexual misconduct by former ceo steve wynn in the first investor presentation since wynn's r resignation last month, they will be bringing on new members. wynn is up 4% today. a decent move. caesars entertainment swinging to a fourth quarter profit results were helped by gain from the new u.s. tax law the casino operator has also benefited from the emergence of one of its biggest yunes from bankru bankruptcy >>> costco helped in part by the new tax law, but they faced increased competition from walmart and amazon it's down 1% we're just getting started on "worldwide exchange. still ahead, firing back europe and china out with warnings over a potential trade war. live reports from brussels and beijing. and caught in the cross hairs. the u.s. states that could get hit the hardest if we enter a full blown trade war that analysis mi ucongp on "worldwide exchange. but i'm

sell the mainl stake in wynn resorts. him, last month, amid all of these allegations of sexual misconduct. and it lookswn like he will be selling the remaining shares of wynn resorts. a slight decline, but of course, many of the shares in the u.s. were in the red. china has announced its first response to president trump's carrots. the minister of commerce is saying they are imposing duties on u.s. steel, aluminum, saying china will defend its interests. tom mckenzie is joining us now. wilbur ross expected a measured response, with discount as a measured response from china? you compare 3 billion to the proposed $50 billion in tariffs that trump is signing off on, it seems to be measured. the opening boat, from china, there is a lot more they can do. $3 billion on tariffs like steel and fruit and wine. pork, sofs on u.s. they can serve as own needs on that front. wine, affs on fruit and bit of a hit for california. not much of a hit to the pockets of most chinese. areas they can take a tougher line on. we heard from the u.

the system gets better. >> reporter: john good wynn is the senior public information officer for the bay area toll authority which oversees the funds for roads and bridges. >> what are you doing to not bill people by mistake? >> over time we get better equipment so that the equipment that's being used now on the 680 contra costa express lanes for instance, is more robust and that was installed on 580 two years ago. >> reporter: so the technology is getting better. >> always. >> reporter: he says once an error has been identified it gets flagged and goes to a human for review to reduce incorrect billing. still, our calculations show about 5% of the violations issued for the express lanes on 680 between walnut creek and san ramon were wrong and more than 8% of the violations issued on 680 between pleasanton and milpitas it is as well as 580 between livermore and dublin are also wrong. >> the contractual target for the cameras in place is 8%. >> reporter: would it be fair to say you're falling short of that? >> i don't believe we are. >> reporter: he says the contract requires an accuracy rate of 98% for all t

the store. >> chris wynn gives us a look at the automation in action. >> coming down the aisle it's hard to miss>> i was thinking irrelevance like cleaning a floor. >> for the shoppers the reaction says it all. >> i'm in wal-mart and this thing is scanning the aisle. >> using technology to that of a self-driving vehicle they've scanned for out of stock items as well as mislabeled merchandise and incorrect prices at nearly 50 wal-mart stores across the country. the employees then stock thes shelves. >> the data we get is arming the associates. they have the information to do their jobs better. >> reporter: the robots are produced in san francisco which is currently working with three other national retailers in addition to wal-mart. >> if i can take images ever the shelves is there a way of mining the minimals to figure out the tasks? six years later we are successful. >> out of stock items are an issue for retailers since theyness out and sales. but some skmerps expressed concern about the role of automation and the possibility of jobs eliminated. >> and everything is automated service. so i don

in the south bay, chris wynn, abc 7 news. >>> two fremont police officers who shot at a car killing a pregnant teenager inside, have been cleared in her death. the shooting happened last march when police say the driver rammed patrol cars. officers shot at the vehicle missing the driver but killing te passenger. 16-year-old elenaa month dragon. we learned today, the district attorney office found the officers were justified in the shooing. in addition the prosecutors will charge the driver with murder for the death of his passenger. he was wanted for armed robberies. he was arrested in san francisco one day after the shooting. >>> an east bay woman is looking for help find ago parrot. this is finn. the 3-year-old flew away from her owner in morgan hill. perhaps scared off by hawks during what's called a free flight like this. finn was spotted a day later but hasn't been seen since. her orion says it's possible someone may have picked her up and taken her home. the owner is offering a $4,000 reward. if you have information on the whereabouts go to our website and woe love to see finn b

. >> co-he help them get much needed win over the penn wynn? >> cancels, delays, and there is cents domino effect, which is the common phrase, after manure ' about to meet. one bob kelly. >> domino effect, from this vehicle fire. an accident, on 95, all northbound lanes, of 95, closed, in two separate spots. this is the big one. at woodhaven road. let's go to 95. down in wilmington. where much better situation, no fights on the roadways, but we got some jams on mass transit. sue if your skin had a wash tag what would it say? 80% glowing 50% freckles no matter your skin type, all skin deserves gentleness. that's why dove is sulfate free. the #1 body wash recommended by dermatologists. >> of 16:00, what it looks like right now, wilmington, delaware, the sun came out, actually, came out very quickly, as soon as the snow ended last evening, and now that we have a 6:00 sunset time, well, that's what we're seeing. so, perhaps you're wondering how much snow did i get? if you live in new jersey here couple of totals for up, i think the granddad i of the

was subject for several shareholder lawsuits against the board's overfailure to address sexual harassment allegations against their founder, steve wynnesigned shares looking about a third percent higher in after market trading. back over to you >> all right, leslie, thank you. >>> we are just past 4:30 on the east coast here, and stocks finished well off the lows today with the dow down 82 points, had been down 350, the other big story, if you didn't hear, the weather, here's the weather channel's alex wallace >> another winter storm to deal with across the northeast, dumping snow closer to the coast than the previous one did, a number of areas under winter weather alerts, warnings, in fact, in the cities from new york, phillie, boston, sliding up portland, maine, bangor as well this is the area where the snow is coming down, creating headaches for sure in fact, let's go through it here as we work on through the rest of day. getting into the evening, new york seeing snow, long island back into boston, continuing through new england through the overnight hours into thursday morning. we got several more hours of having to deal with the

has sold his remaining eight-man shares in wynn resorts cutting his last ties to the casinoompany founded. he was forced to step down as ceo last month as he fights allegations of sexual misconduct. issuedely, wynn resorts more shares to got the entertainment. they have an estimated 5% stake in the company. activist investor also singer has one around in his battle for influence at telecom italia. the announcement was company by decision to delay a vote on the boards composition until may. month of more than a wrangling between the billionaire was to give the company manager that coming together and them hedge measured is trying to break it up. deutsche bank has raised about 1.4 billion euros from the initial public offering of its asset management division. the drink sold 44 and a half million shares at 32 euros .5. compared with a maximum 25% shareholdings that they want to sell. the price value at six and a half billion euros in the shares in treading today. the asset management ceo joins us after 9:00 a.m. new take time. that is your bloomberg business flash. u.s. equiti

the name to remember. >>> we are back. 90 seconds to go pete, you are up first for final trades. >> i'll give you a wynn. and on that -- on the huge move to the down side i thought it created opportunity and i own the stock and selling calls against it -- i think the calls i'm seeing bought at the 185 strike in may tell me the stock is going higher. >> steve wynn is a seller. >> but there are sellers and many people lined up on the buy side i'm not too worries about it we know it will play out and i still think the sock goes higher there is a plan in place that goes out deep into 2020. that is the part that i think everybody is like -- well steve wynn is gone he was probably going to be gone at that point any way and step down so i like wynn. >> i'm just looking at a tweet from melissa lee you know melissa lee she hosts a 5:00 show. >> she does a nice job that and "power lunch." >> mr. wynn intends to sell all or a portion of the common stock controlled by him and if he elects to sell he will seek to conduct such sales in an orderly fashion. >> right which is why this stock is going higher >> i don't kno

is trying to have the ability to sell her shares without steve wynn's approval. some say this clears the way for the company to sell itself. julia: great work with that. the trade war with china would likely weigh on tech and industrials. we have the charts you can't miss. this is bloomberg. ♪ the anniversary of the bull market. we saw the bottom on a closing basis march 9, 2009. the ninth anniversary of the bull market. you might be surprised by the group that has done the best. consumer discretionary. it ain't tech. take is up there as well. in. looks at the groups consumer discretionary is in blue. technology is gaining. it is interesting because they had been the leader in the prior crisisrket pre-financial but you have to dig into this a little bit. discretionary,r we are not just talking stuff that you buy. netflix is the best performer in that discretionary index. ultra beauty as well. wyndham worldwide. and amazon is on that list as well. julia: tech is one of the sectors i'm looking at. what about the prospects of a trade war with china? prices. import it

david: steve wynn we covered yesterday. we discussed the idea this was all about macau. ps in. 5% as steve and by wynn is selling all of his stake. this is arguably good news all around. it probably answers some existential questions for the company about macau. regulators were concerned over there. david: they started an investigation. you assume the licensing in macau. what about the broader prospects for increasing? jason: we don't know what galaxies plan is. it also raises the question of where does the company go from here? this was a lane wins divorce proceeding. she was really active in the creation of the resort in las vegas. she was active in the management of the company. julia: edelman people understand that. you know them both very well. david: she hired a lot of those people. she was very active in the business. be interesting to see what her role is going forward. people have stepped out financially. brand that aside from the recent turmoil is a very strong brand. one of the things that galaxy is interested in is the vip element. julia: that is very much. by

resorts says founder and former ceo steve wynn sold his entire stake in the company, worth 2$2.1 billion wynn resigned last movrnth amid allegations of sexual misconduct galaxy entertainment is buying more than 5 million shares giving it nearly a 5% stake in the company. those shares flat in extended hours trading. >>> nike reporting adjusted third quarter earnings that beat forecasts. revenues rose more than 6% nike also expects north american revenue to continue to grow in 2018. >>> micron reporting better than expected results and raising its revenue outlook for memory-related chips >>> let's check on what's happening outside the world of business frances rivera is live in new york with the latest >>> headlines this morning, ahead of the march for our lives mass protest for gun control, a new poll finds 58% of americans say gun ownership increases safety by allowing citizens to protect themselves 38% say it reduces safety by giving too many people access to firearms >>> number 11 loyala chicago will get a shot at tournament after a one-point win over nerve nevada kansas

wynn's wife was granted half of the ownership in his country as part of the divorce.ed in to 16 to regain control of her shares after she was voted off the border. >>> southeastern grocers who owned win dixie is filed for bankruptcy. 95 stores will be closed as the company restructures. this is southeastern's third bankruptcy filing since 2005. southeastern will continue to operate over 580 stores. >>> and our u.s. tater tot fans, 7-eleven h has a new feature i some o of its storeses. they have a tater bar, you can even top your tots with ranch dressing. anne-marie. >> some fine late night cuisine. diane king hall at the new york stock exchange. thank you so much, diane. >> thank you. >> still to come, something new for hot yoga lovers. why some classes are using infrared heat while you're doing your downward-facing dog. like an "unjection™". xeljanz xr. a once daily pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz xr can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your abil

complaint saying bombardier was subsidized by the canadian government which allowed them to sell at unfairly low prices. boeing sharesraose aion today to $321. f eve wynn has cashed out entirely oute gaming giant that he created. the casino mogul sold his entire stake in wynn resorts after resigning last month following sexu misconduct allegations. and mccow based galaxy said it was taking a 5% stake in wynn. wynn shares finished at 175.88. >> glaxo smith klein isakg itself out of bidding process for pfizer's unit. pfizer expects to make a decisi later this year to actually sell that portion of their shsiness. es of glaxo rose. shares of pfizer were down 3% to 4.49. >>> shares of qualcomm came under pressure after the chip maker said all of its board nominees had been reelected. fx of the directors, though, faced oppositiom the a majority of shareholders who were concerned about how the company handled a recent takeover offer from rival broadcom. qualcomm shares fellore than 3% to $53.66. >>> our market monitor tonight has names o stocks that he says will remain valuable even with rising trade restrictions between the u.s. and china. this is his first

the movement for change. cameron caskey and alex wynn are with me in washington live. f you, welcome to the program. >> thank you very much. >> thank you. >> so just in a nutshell, tell us how you hope this "march for our lives" builds on your activism over the last month and especially on the mass walkout that was so impressive a couple of weeks ago. >> well, the walkout was a great showing of how other students are seeking out the leadership positions into which we were thrust and it was great the see that this generation is stepping up, asking questions and leading our peers. but the march is only the beginning. the march is a visual representation of the fact that the american people are ready to not let our politicians off the hook. we have our demands. their job is to represent us. they have to. >> you know, i had said culmination and you say this is just the beginning. so that leads me into the next question, which is an obvious one because so many people -- and you know it so well, you two. you know, when certain things happen in the political space or the socia

resorts says founder and former ceo steve wynn sold his entire stake in the company, worth about $2.1ynn resigned last month amid allegations of sexual misconduct wynn resorts also says that galaxy entertainment is buying more than 5 million shares, giving it a nearly 5% stake. that was a quick departure for a man who was a controlling shareholder for a long time. >>> when we come back, nike shares getting aop p we'll tell you why next. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. ♪ ♪ keep your most valuable insights hidden from your competitors. the ibm cloud. the cloud for smarter business. like you do sometimes, grandpa? and puffed... well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard

. >> i'm keeping in the casino family wynn resorts >> i'm melissa lee thanks for watching. see you ckerba he at jim cramer starts right now >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's 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 save you and make you some money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me @jimcramer how can this market get it tallahassee back on track after a day with the dow gained 116 points but was up a lot more s&p advanced just 0.15%. what do we need to see before we can start believing that we are in a sustainable rally this market is going to need a big machete. to carve a path forward for the bull it will not be easy. we're in maximum controversy mode meaning it's filled with elephant grass, mosquitoes and trippi canopy cover making it impossible to blast the bears. that doesn't mean that

. >> i'm keeping in the casino family wynn resorts >> i'm melissa lee thanks for watching. ckerba he at jim cramer starts right now >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's 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 save you and make you some money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me @jimcramer how can this market get it tallahassee back on track after a day with the dow gained 116 points but was up a lot more s&p advanced jus

is wynn was viewed as this visionary in vegas and the creator of this -- perhaps to a greaterextent than this guy and his control of, you know, newspapers who are struggling regardless. >> he was not making the distinction by the allegations between employees of wynn and others as asserted here >> yeah, exactly >> leslie, thank you let's get to sue herera. let's make a right turn and go to sue herera with a news update >> a sharp right turn, indeed. here's what's happening at this hour, everybody. a winter storm warning once again for large parts of the northeast new jersey area and southeast new york area. we'll go into effect at midnight tonight until 8:00 a.m. eastern on thursday. heavy wind, snow, and sleet is expected with the heaviest downfall likely wednesday afternoon. >>> more conflict in syria today with local state media reporting at least 29 people killed in a rocket attack at a busy marketplace. the strike happened in an eastern suburb of the syrian capital of damascus. >>> according to the alzheimer's association, there has been a sharp increase in the number of

universal entertainment over the forced redemption of ko machinese pechang makers. we are seeing wynn shares up, and this is a long fight that we have been seeing for years now. with started as the acrimonious falling out with steve wynn and his business partners, some more to watch here. meantime, a hawkish tweet on thursday, as mario draghi remain cautious of the inflation outlook. global economics and policy advisor kathleen hays is back with a review of the bank of japan policy decisions. tariff tensions and the possibility weighing on the boj. kathleen: i think it is a question of any big central bank, with the ecb meeting on thursday. ofy did drop their pledge up boosting bond buying, and the doves of the ecb are trying to placate the hawks. i think what has the headlines that caught the attention at the press conference, when mario draghi was asked about tray tensions on the ecb, here is what he said. >> disputes should be resolved in a multilateral framework. unilateral decisions are dangerous. certain worry a or concern about the state of international relations, because, if

that the trump campaign is over he has now since become the deputy finance chairman of the rnc, working in steve wynn'sne of the other deputy finance chairman is michael cohen, president's personal lawyer, now known for the porn star payment scandal. how are you doing staying out of the trump scandals, rnc. another deputy finance chairman mr. broidy has just taken a hard turn into the robert mueller investigation. a few days ago we learned that mueller and the prosecutors now have a cooperating witness named george nader, adviser to the government of the united arab emirates. mueller is interested because they're investigating, quote, the influence of foreign money on trump's political activities. mueller's prosecutors have reportedly asked witnesses about the possibility that george nader funneled money from the united arab emirates into president trump's political efforts. it is illegal to facilitate foreign money in u.s. politics. it is illegal for the american to facilitate that. so mueller is reportedly looking into this issue using the cooperating witness, george nader, who turns out to be in bus

the all-girls prep school. >> police are investigating. vicky wynn with details. >> sharing survivor's story tonight. four years since she left presentation high school, star swimmer accuses female coach of the school of sexually abusing her. said the leader never called police. most tots still working on walk, grace was gliding through the water. >> mvp since she was four. >> swimming led to opportunity freshman year. >> grace was brought to presentation because amazing swimmer. >> but felt like a fish out of water. said she was emotional and lonely. started confiding in her water polo coach, jenna rowe. >> i expressed that i had a crush on her. she told me she felt the same way. at first i was like, that's not right. >> grace's best friend and teammate emily recalls what she saw. >> told me one time that jenna wanted to pick her up one night and spend all night in back seat with her. incidences where she told me she shared pictures on snapchat. i knew it was definitely not okay. >> just turned 14 or turning 14 when it started to get yucky, yeah. >> she was 24? >> uh-huh. >> but then grace said she w

the man was taken into custody. abc 7 news reporter chris wynn has more. >> today's arrest sends a message to those who seek to troez the american people by sending white powder letters through the mail, whether real or hoax. don't do it. >> reporter: today in boston, a joint terrorism task force announced the arrest of this man, 24-year-old daniel frisiello of beverly machlts. accused of sending hate letters containing white powder to at least five public figures across the country including donald trump junior as well as michelle daub. >> in the trash discarded from the home among other things the agents found a computer printout that appeared to contain portions of a chart with descriptions of people that matched people who had received the mailings with the white powder. >> reporter: federal authorities believe dauber was targeted for her role in leading the effort to recall judge aaron persky, the man who presided offer the brock turner sexual assault case. turner was found guilty of sexually assault ago wung woman behind a dumpster 17. the

the marks at the scene, a fresh reminder of a devastating crash. in san jose, chris wynn, abc 7 news. >>> a crash took the life of a man from walnut creek. chp was called to the scene at the off ramp from highway 94. a black honda civic ran off the road. the driver was crushed. >> might have been taken off guard by the first initial rainfall and now it's light and sporadic, so people are driving fast again. it's just as slick when it's lightly raining as when it's heavily raining. slow down in the rain. >> at the time of the crash, it was rainin and the freeway was wet. chp had to close the off ramp for a short time to move the car. >>> new at 5:00, incredible video of a fire that broke out 90 minutes ago at an oakland homeless camp. it was reported around 3:30 at 34th. fire officials say no one was hurt. the cause is still under investigation. meantime, fire officials say a women was injured after a small explosion and fire at a berkeley apartment building today. it happened about 1:30. firefighters quickly put it out. they did find a woman who needed to be taken to the

we have the house intel committee brad wynn strum on calls to fire fbi director mccabe. on some democrats claiming tax cuts are failing in the wake of the special election. kennedy demanding answers from united airlines this after a dog died earlier on a flight this week. the five is next. >> dana: hello, everyone, i'm dana perino along with kimberly guilfoyle, juan williams, jesse watters and greg gutfeld. this is the five. we are awaiting a decision from attorney general jeff sessions on whether he will fire deputy fbi director andrew mccabe before his retirement on sunday. it's a decision that will be consequential for mccabe's financial future with his lifetime pension at stake. will sessions carry through on the recommendation of the fbi's internal recommendation to fire mccabe or overrule it. the controversy is based on allegations mccabe authorized the disclosure of sensitive information to a reporter about the