the ipo >>> plus, a top institutional investor argues mark zurk ckerbg is not playing fair, and tim draper will join us. i'm kelly evans, and "the closing bell" starts right now ♪ >> isn't fresh record redundant anyway >> it is >> fresh record. >> it's a good point i said fresh high twice. >> fresh record. for one of them. >> anyway -- >> welcome, this is the "closing bell," all those stories in a moment, but check on the markets. stocks posting a rally, dow up 252 at the high, and up 222 now, gains for the sixth straight day. >> criticizing the prerecorded open, your microphone was like this a little bit. >> it was really perky >> we'll get it spot-on one day. the s&p and nasdaq on pace for the best closes since march the 16th healthy returns as you can see there. we get to bob pisani watching key levels in the session today. bob? >> we broke the down trend, but not as uptrend yet we have been talking about this all week, breaking that down trend. this is what we are talking about. right here, suddenly, we are out of that territory. we are out of that down trend territory. this is the s&p

if you joined us less, you missed our interviewer with tim draper. you can find that interview at pressheretv.com. thank you for joining us and making us part of your sunday morning. and welcomeo, to "comunidad del valle." i'm damian trujillo, and today, empowering women. plus "la carpa de los rasquachis" on your "comunidad del valle." male announcer: nbc bay area presents "comunidad del valle" with damian trujillo. damian: we begin today with the san francisco international arts festival. and with us is kerensa demars, who is a flamenco performer, but is here to talk about the festival in general. welcome to the show. kerensa demars: thank you, thanks for having me. damian: well, tell us first of all--first is it something that, at a young age, you started doing that? or how did that come about? kerensa: well, i wish, but i wasn't born in spain. i actually went there later to study. and, but in spain, many kids do start learning flamenco age.fr a damian: by choice, or just because they see it-- kerensa: well, some even have it in gym class. damian:

tim draper gave elizabeth holmes her first million dollars. they believe the company was brought down by the media and not their own fraud. >> tim, you are so passionate about defending elizabeth and her company. father to father. >> mm-hm. >> is that because you are a skill asked venture capitalist, which you are, or is that because she was a friend of your daughter, you met her when she was 19, you have been paternalistic toward her this whole time. how much of that is because she's a talented woman or how much is it based on spreadsheets and business? >> i would defend the entrepreneur absolutely in this kind of a case, no matter who that entrepreneur was. >> and to watch that full interview with tim draper, go to press here tv.com. >>> lights, camera and the obamas. the former president and first lady signing a deal with netflix. they say they believe in the power of storytelling and netflix is a natural fit for the stories they want to premiere. they expect to debut next year. >>> a practice day for the warriors after last night's blowout

. >> reporter: he's famed silicon valley investor tim draper and he gave they'ir anos and people calledhe next steep jobs but now everyone, former employees, the s.e.c. and american corporations, even a new book all say theranos was a giant fraud but draper said she is a success story and the intention works. he insisted all of the reports are wrong, holmes blood testing machin machines -- are real. >> i still feel fantastic about having made it. i feel like she did everything she possibly could have to make that company successful. >> the machines exist? >> absolutely. >> and someone could take one and put it on owe thdesk and test it and it would work. >> yes. >> talking to me and reporters from the financial times and fortune magazine and he's passionate, absolutely passionate that elizabeth holmes is right and everyone else, customers, former employees and the s.e.c. is wrong. asked if maybe he's letting loyalty and a sense of family overshadow his business sense. >> tim, you are so passionate about defending elizabeth and her company, father to father -- is that because you are a s

billionaire investor tim draper sees the government going virtual in the near future. >> they can useck chaining over the next five or 10 years to do most government services. this is unbelievable what this can do. this could change everything. cheryl: the digital currency around the world to compete on a level playing field. skype and tesla have poured millions of dollars into bitcoin. he believes it's the centerpiece of our new virtual world. over the last three months by the way as you can see a little volatile. bush's leave it at that. right now 82.95. gerri: president trump welcoming the nato secretary-general to the white house. what we expect from today's meeting. plus business is booming across america. >> we will not allow for the board members and that is where we come in. >> what is behind the soaring industry? coming up next from the u.s. stock index futures take a look down this morning. down 12 on the dow, s&p 500 gerri, nasdaq down 23. you are watching "fbn:am." into retirement... and a little nervous. but not so much about what market volatility may do to their retirem

. >> a couple weeks ago, an early investor tim draper defended the ceo, elizabeth holmes. >> i feel thatown another great icon. >> 900 million dollars went into theranos >> it was an opportunity >> it's worthless. amazing it wasn't to a technology that claimed to have invested - >> it's worthless because this ri writer was a badger going after her, like a hyena going after her and it became a bigger and bigger thing >> it's a big thing, and joining us is the hyena following the story since you broke it, author of "bad blood," welcome to you >> thank you for having me >> first of all, how does she have people like tim draper so -- what is the word -- entranced by what's going on the whole board and everybody for years this has been going on >> yeah, one thing to remember about tim, he was the first two cut her a check when she dropped out of stanford and the reason he did is there was actually a relationship between the families, elizabeth and her family lived increase door to the drapers in woodside, california >> i can almost forgive him because of that. but what about everybody else? a

tim draper offering a staunch defense of theranos founder elizabeth holmes >> i feel that we have taken down another great icon. this woman came to me when she was 19 years old, she said i'm going to transform healthcare as we know it she got bullied into submission. this was a startup it was a great vision. it was a great technology. she's going up against some very powerful people in the drug companies, the ama, the fda, she's transforming healthcare. somebody goes in and tries to transform healthcare, they'll get attacked in a lot of different directions and she was. this is one of the cases where the entrepreneur was defeated. >> draper was an early investor in theranos. he said the company could have been a big winner and he still feels great about backing holmes i'm surprised, despite all the evidence out there, he sticks by this company he won't admit to wrongdoing at this point >> i'm not sure how much more of that kind of a comment he can make it gets headlines, but whether this company does anything else besides what's been talked about already or what's been kind of at least

. >> blaine: the-- nobody says th any more except there is one investor tim draper who gave elizabetholmes her first million dollars and says he still believes in her. drape erin sifts the company was brought down by the media, not by its own fraud. it's hard to believe he believes that. >> tim, you are so passionate about defending elizabeth and her company. father to father, is that because you are a skill the venture capitalist, which you are, or is that because you -- i meand of your daughter and met her when she was 19. you had been paternalistic towards her this whole time. how much of this passion is because you think she's a kind, decent skilled talented woman and how much is passion is based on spreadsheets and business. >> i would defend the entrepreneur absolutely in this kind of a case. no matter who that entremendous prenewer was. >> our viewers couldn't make sebs sense it of. completely shocked said one. you should stop letting these people spout nonsense without challenge, although i do feel i did. i suggest your show perform better vetting of the guests before giving t

tim draper gave elizabeth holmes a million dollars and says to this day she was right, everyone else was wrong. he insists those blood machines work. >> i still feel fantastic about having made it. i feel like she did everything she possibly could have to make that company -- >> the machines exist. >> absolutely. >> and someone can take one and put it on the test and test it it would work. >> yes. >> there's your challenge, bring it to my desk and put the machine on my desk and we'll see if it works. everyone says it doesn't, including the fcc and the book comes out monday in which he documents, tim says that he slaughtered and destroyed theranos and it's his fault and book's fault. he hasn't read it. i gave it to him, this is my copy -- he didn't want to read it. >> wasn't interested. >> all of this is on "press here." tim is doubling down, it works, he says. >> he believes it. >> put a million dollars into it. >> press here sunday morning at 9:00 after "meet the press." >> thank you, we'll look forward to sunday and reading that book. sometimes the only thing holding someone back i

always completely straightforward with my guests, and i invited my first guest, venture capitalist tim drapere california projects, but

tim draper told cnbc within the hour that despite recent volatility, bitcoin is headed higher >> no onecked the bitcoin block chain. it is the most secure place to put your money and so as a stored value, it is a great place to be. >> bitcoin trading above $9,000. melissa, back to you. >> seema, thank you. our next guest says history suggests the conference will in fact be the next big catalyst for bitcoin. let's go off the charts, robert, what are you seeing? >> so tom leaf did a little interesting study looking at how bitcoin behaves around consensus events if we go back to 2015, as we pointed out before, 500 people at the conference, bitcoin moved up 23%, which is not a huge amount give how volatile cryptos are. it tind it continued up. 2016, bit of a smaller move around consensus you can see that was a point where crypto began to accelerate as well. 10% move here and went up for another 80% or so. we get into 2017, really sort of a very high profile event, lots of people involved in crypto the cryptocurrency moving around very volatile. and we come into this period here, and you get

tim draper is offering a staunch defense of theranos founder and ceo elizabeth holmes here's part ofhat he said on "closing bell. >> i feel we have taken down another great icon this woman came to me when she was 19 years old, she said i'm going to transform healthcare as we know it she got bullied into submission. this was a startup it was a great vision. it was a great technology. she's going up against some very powerful people in the drug companies, the ama, the fda, she's transforming healthcare. somebody goes in and tries to transform healthcare, they'll get attacked in a lot of different directions and she was. this is one of the cases where the entrepreneur was defeated. >> draper was an early investor in theranos. he said the company could have been a big winner and he still feels great about backing holmes, though any of the reporting done on this primarily by the "wall street journal" shows a very different picture basically set up as a fraud. the technology never worked. then they lied about it. >> i read "bad blood." the fellow who exposed this in the "wall street journa