the bit coin horror show continuing falling back below 7,000 tom lee says don't be worried. will have a happy ending he's here to explain why when fast money returns i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro. >>> welcome back to fast money bitcoin horror show continues. bob pisani is breaking this down >> hello brian, it did not last very long. it fizzled and it happened before bitcoin is trading back below 7,000. the important thing here is one of the reasons sec gave for denying is fraud and man affiliation. the scc argued they got a big booze today that claims dozens of trading groups are manipulating the price of crypto currencies 175 pump-and-dump schemes involving 121 different digital coins. that's a classic pump and dump this is of course is illegal >> crypto currency exchanges are unregulated market

of course, you do and tom lee will break down the one chart he says could tell you everything you need to know about the crypto universe, but first we start with two words we haven't uttered in months. stock paradise >> yes the place where stocks go up and records happen every day earnings are great and interest rates stay low and the only thing that gets mad is your bank account and it all happens today as chad powell gives the all-clear signal so with the trade war beheine us or at least at bay, will stock paradise last? tim. >> i think that paradise should be sweet and two tickets to paradise with it being a big friend talk about threading the needle and whatever you want or listening to eddie money as much as you possibly can on a friday because it means money. >> we have two tickets to paradise what was the other one nobody remembers >> be my little baby >> take me home tonight. anyway, bottom line here is the consumer is alive and well and that's been the leg of this rally that has room to go. think about the wealth effect that's going with folks. certainly their stock accounts a

tom lee, he's the market watcher in point.e his case. >>> and we've been all over the gaming revolution, billion dollar business and then some, and now game developers are reportedly making it even harder for gamers to put down the control. very hard to do. of we'll find out if that's true. you're watching the second hour of "varney & company." ♪ ♪ how do at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com stuart: you caught me ranting. [laughter] sorry about that. very sorry. check the big board -- [laughter] the dow is down 23 points despite an extraordinary degree of political turmoil, we're down 24 points, that's it. 25,800 virtually. how about this from urban outfitters? that's a 52-week high for the stock. very strong sales and double-digit growth for their online business. the thing is up nearly 7%. look at lazy boy. better sales numbers in terms of revenue beca

it's not just guys out in tree houses and tom lee has an interesting take on the melt down we've seen in bitcoin he says it's related to what we've seen in emerging market stocks in fact, if you look at this chart the two moved pretty close together when emerging markets sell-off, hedge funds aren't buying risks. and it gets caught up in the selling that causes emerging market selling >> little bit of a market scale, but it's definitely a risk asset, exactly and one that's going to suffer with the u.s. dollar reversing >>> time now for a cnbc news update >> here's what's happening at this hour, everyone. senator john mccain choosing to discontinue medical treatment for an aggressive form of brain cancer a statement put out from the family earlier says the product progress of the disease render their verdict. robin leech has passed away at the age of 76. according to a statement given to the las vegas review vernal given by his family leach passed away peacefully overnight. the man who shot and killed lenin will remain behind bars for at least two more years. he's serving a sentence of

tom: lee, strategy wise i see an opportunity for the trump wing of the party to go after and i know thein many ways but for most people the trump appeal was a policy but the personality and the affection for the little guy. the little guy is affection for her and rebellions are to be wise and go after her proud. >> no question. the fact that she so popular right now almost has nothing to do with her policy but her message with his message that is targeted at the average working american saying let's raise you up and let's talk about getting you better jobs and better income, better healthcare and who does that sound like? that sounds exactly like our president. the democrats would be wise to take a lesson from her is that you gotta get message the targets people and is a talk about resisting and hating and all of that. they need to focus on his people and republicans would be wise to go after the same thing. the midterms it will be critical that they do. tom: yeah, and the president, he had his message for the ocasio-cortez boater and he said what the hell have you got to lose? that's h

tom: spike lee's film marks a triumph for him as a director.t is seen as his best film in a return to form for the filmmaker, his first film in a while to become part of the cultural conversation. tom brook, bbc news, new york. is back on oure big screen. r am laura trevelyan. thanks so much tching "bbc world news america." >> with the bbc news app, our vertical videos are designed to work around your lifestyle, so you can swipe your way through the news of the day and stay up-to-date with the latest headlines you can trust. download now from selected app stores. >> funding of this presentation is made possible by the freeman foundation, kovler foundation, pursuing solutions for america' neglected needs, and purepoint financial. >> how do we shape our tomorrow? it starts with a vision.we ee its ideal form in our mind, and then we begin to chisel. we strip away everything that stands in the way to reveal new. possibilitie f at purepointinancial, we have designed our modern approach toy banking aroundou -- your plans, your goals, your dreams. you

fast money tonight, bitcoin falling back after what looked like a come back rally tom lee will be onhow to talk about crypto currencies and very much more want to make sure you watch that at 5:00 p.m. eastern time. >>> hello, guys. here's what's happening at this hour, everyone a violent and deadly weekend in chicago with at least 73 people shot, 11 of them killed. the shootings started friday afternoon continuing through this morning >> there are too many guns on the street, too many people with critical records on the streets and a shortage of values of what is right, what is wrong. what is acceptable, what is condoned and what is condemned >>> mtsb investigators are on the scene of a sudden plane crash in a parking lot the lead investigator says the pilot did declare an emergency but did not state the nature of his problems a 400 pound black bear broke into a house in connecticut this morning. it rummaged in the kitchen before it headed to the bedroom where it encountered the homeowner. the homeowner says that she played dead until the bear eventually left. after it had some honey

interestingly tom lee has a note out this morning just looking at the fundamentals of faang and how theypled what the s&p has done argues all of faang benefitted from the advent of the internet. they got on the train at various points in time his new theory is it's going to be about millennial's faang. given the power that millennial's will have over american consumers spending. >> right i think jim did a deep dive on "mad money." i think he was one of the fathers of the name of faang what distinguishes them is the monopoly power they don't have a lot of peers and competitors. each one of these individual names. and so he says stick with it versus a win resort, for instance, which is getting fresh. these are companies that deal with a lot of competition. >> right and the times has piece today, guys looking at whether or not the rise of super star companies, right, has been 3/4 of american industries been consolidated since 1980. whether or not you're left with the few big giants and that keeps workers from m migrating different jobs. >> right it speaks to what diane was talking about on

to keep an eye what might go wrong joining us for a closer look at this record run is co-founder tom leeasset senior portfolio manager, margaret patel the market in the u.s. seems to be kind of leave tating again, just kind of going up a little bit every day as it does last year, reproaching old highs. on the other hand in late january if you said you're going to go six and a half months and get a couple of scares alock the way and earnings -- and stocks aren't going to get upside which side is more important to focus on >> well, i think the last week has proven you've got to be looking at this market half full, right? we've had attempts to really undermine and weaken the bull narrative around equities and it's been short term and i think fundamentals are great. we have a lot of breadth, and then things like small caps and rallying now are really bullish signs. i think between now and year end, investors should be pretty optimistic we've got a pe lower than it was at the start of the year so -- >> i guess the question is, even if we do have a lot of tail winds for the shorter term in a f

. >> tom lee: you heard what steve had to say.the wrong direction this morning. how worried are you about potential trade war? >> i know investors don't like trade tensions. they don't like uncertainty, but i think steve made a good point. we don't necessarily have to view this as being a net negative. i think on the one hand it's a real attempt to fix some of the imbalances that have been taken decades to take place and second, i think the economy is quite strong. we would use any of these pullbacks to -- >> you're buying. >> yes. >> because you think that actually in the end nothing happens and this is all noise or because you think actually the outcome is going to be much better in terms of the actual negotiation will improve for the united states? >> i think it's a little of both. on the one hand, i'd say -- let's say there is a probability -- there could be some effects, some effects on gdp. it's actually positive for us to try to fix some of these trade imbalances. on balance it's a net positive. >> net positive. what about

lou:f what is the excuse for a mike lee and tom til his who are about as conservative as most of liberalsthey are absolutely misrepresenting themselves. how could they do that? call for the majority lead tore keep the senate in session, then do this. ed: it's one more outrageous thing they do. it's why the country holds them in disdain. the three leaders, pelosi and religion and mcconnell. but mcconnell has gotten more done and held in the lowest esteem according to polls. lou: mitch mcconnell who i have been critical of for not supporting the president has shown the intellectual capacity and droik support the president on tariffs and views on balanced trade with china. he has moved through a record number of judicial appointments. ed: i totally agree. at the end of the day the senate is a hard place to function and run as a leader. we need five more senators after this game. that has to be our goal after this election minimum. lou: paul manafort in this trial. it go to the jury and almost everyone now is basically forget being it. ed: the judge on several occasions said make sure don't g

contact with the seller he will show us how easy it is to buy a weapon completely anonymous lee so you're texting with tom now told. me it was to. be a case that the vendor has at least four other rifles for sale but to me this is in the course of the more it was perfect condition on the package call you were moved to set up with but. this fellow wants to meet at this service station a busy and public place he's waiting with the a k forty seven in the call we recalled the ordeal. it's all arranged or you know agree so it's not the right yes look no no just chief the extra bag. you have to tell it. very and take you. within minutes the deal is done later in a private place we need to look at the purchase it's an a k forty seven the cartels favorite weapon of and that pretty extraordinary i mean this is a weapon that was designed for war and it took you about five minutes to buy it or to get to me it was two minutes listening to did you at any point of time show identification did he ask anything about your second name no book who you where it was just so but knows me it's very long it could be a quarter. t

contact with the seller he will show us how easy it is to buy a weapon completely anonymous lee so you're texting with tom now told me it was to. be a case that the vendor has at least four other rifles for sale but to me this is in the course of the more it was perfect condition on the package call you were moved to set up with but. this seller wants to meet at this service station a busy and public place he's waiting with the a k forty seven in the call we recalled the ordeal. it's all arranged or you know agree so it's not the right yes look no no just chief the extra bag. you have to throw it. at. very and take you. within minutes the deal is done later in a private place we need to look at the purchase it's an eight k. forty seven the cartels favorite weapon of and that pretty extraordinary i mean this is a weapon that was designed for war and it took you about five minutes to buy it or to get to me it was to me listen to did you at any point of time show identification did he ask anything about your second name no book who you where it was just so but knows me it's very long it could be a quarter. t

tom: duke is heard using words that president trump also uttere throughout lee's film, there are connectionso be made with events in the 1970's and the present day, most notably when it transitions from a fictional x klan rally in the past to the very real protest in charlottesville a year ago when white supremact groups clash violently with counterdemonstrato. it was a day that resulted in the death of heather heyer, struck down when a car drove into a crowd. spike: there are many things we d in the film that we wanted to remind people that this is not just a period piece. i whaw that, an american homegrown act of terrorism, i knew that would be the coda for this film. e power to the people. >> power to all ople. >> all power to all the people. tom: the film makes the case that the overt racism espoused by the ku klux klan in 1976 os is still flourishing today, nd that president trump h done enough to condemn it. the film is quite provocative in a way. doou feel it could entrenc people in terms of their opinions ratr than bringing about enlightenment? spike: i've done my part, and we see ho

some noting that hart and his wife, lee, had separated twice. tomthe "miami herald" objected to the sketchy recording in a column published in 1987. >> the column was essentially saying this is not good journalism. this is troublesome when we are focusing so much of our attention on what at this point is an unsub stanuated claim. >> on the same day the column appeared, he got a call to his office. >> the phone rang, and i picked it up, and it was a woman on the other end, did not identify herself, saying, did you write the column in the paper this morning about gary hart? i said, yes, i did. and she essentially said, well, you're an idiot. gary hart is having an affair with one of my best friends. she also told me that senator hart had gone off on a boat trip with her friend. >> this trip was an overnighter on a yacht called monkey business. >> i was beginning to think, well, there's some things here that, perhaps, i can actually trace. >> he pushed the caller for more tangible information. >> i said, why should i trust anything that you're telling

next week, we have new shows with jeff daniels, tracee ellis ross, tom arnold, don cheadle, wolf blitzer, doctor pimple popper sandra lee guillermo? >> guillermo: no, i don't watch that. >> jimmy: it's self-explanatory. jerrod carmichael and zoe kravitz, with music from chvrches, charlie puth, death cab for cutie and blood orange featuring asap rocky. so please join us for all that. you're invited to be a part of it. of our first guest is one of the most talented men in the world. he is a multi-award-winning recording artist, fashion designer and shoe salesman. his new album is called "ye." please welcome kanye west. [ cheers and applause ] ♪ how's everything? good? >> good, good. >> jimmy: first of all, thanks for being here and thank you for the shoes. nobody ever brings me shoes, you brought me shoes, that's very nice of you, very kind. and i'll tell you a story, and this is honestly true. the last time, a few years ago you sent me a pair of yeezys. i have never in my life had more people come up and talk to me than when i was walking around in them to the point where i was like, this is crazy, i've got to get these

tom says he welcomes any business into the area. >> anything. >> reporter: in san francisco, mary lee, kpix5. lice find a *headless body >>> a bay area man reported missing, weeks later a very gruesome discovery. police find a headless body floating in his fish tank. >> you walk in for one thing. you leave with three. the study looking into why we just can't keep it together at target. >> still ahead a simple traffic stop turns into this, the dramatic effort to save a tiny life. a gruesome discovery in san francisco's soma neighborhood. a headless body- found stuffed inside a fish tank... in a missing man's apar >>> a gruesome discovery in san francisco soma neighborhood, a headless body found stuffed inside a fish tank in a missing man's apartment. kpix5's susie steimle on neighbors who had been worried about the missing man for weeks. susie? >> reporter: that's right, allen. some say they've been worried about him since they last saw him in june. they also tell us that brian egg is the type of person who often let transients stay with him and they're concerned one of those transients may ha

tom brook. in today's programme, we'll be focusing on how the american film industry is dealing with the issues of race and diversity. spike leeaks. a look at blackkklansman, the latest picture from the legendary black filmmaker. america first. this film is about today and we live in a very, very serious time in this world. does it matter that most film critics are white and male? does it have a negative effect on diversity in cinemas? it's about not only having one narrative. that goes in terms of filmmaking, it goes in terms of acting, it goes in terms of film criticism. and asians — long underrepresented on the big screen — now have crazy rich asians, the first major asian—led studio film in 25 years. so, is the drought now over? we have such a treasure trove of interesting stories to be told, with equally as powerful new actors. and we look at the state of portrayals of native americans in hollywood cinema. why won't the old stereotypes fade away? nothing of any substance is going to change until you have the native people writing the stories and directing them. plus, a report on the new wave of black stories and black cha

tom cruise. now we have another anniversary to get to. this fall marks 40 years since jamie lee "halloween." only nischelle turner gets to go on scene. >> i pray every night that he would escape. >> i'm going to be 60 years old in november. i'm standing on the movie set of a movie i made 40 years ago. >> michael -- >> she's back and so is he. it's been four decades since michael myers first terrorized her in the original halloween. in the new film myers is on another murder spree, but this time jamie lee's character is ready for him. jamie lee started previous housing sequels where it was revealed that she and michael myers were brother and sister. >> i'll see you in hell. >> but this is a true reboot and those other story lines have been wiped out. >> waiting for me. i waited for him. >> get it! >> the 1978 lori was meek but she's kind of a super hero this time. >> nowadays we have wonder women, linda hamilton and the terminator. you're going to see me in a tank top. i will not have her arms. >> just now. if you think you're going to do a side by side of me and linda hamilton?

tom mackenzie for what to expect. what are you going to be watching for? particular leeesting, given the change in the credit environment in china. starting to feed through gradually from the trade tariffs and trade war with the u.s. that's why we are focused on these banks. we are talking about the big four. the bank of china, icbc, agriculture bank of china, china construction bank. the results are expected to be relatively positive, particularly as a result of this place by policymakers to see more lending pushed out to the infrastructure sector. that is expected to have played into some of these earnings potentially of benefit.we have a deleveraging campaign and tighter rates earlier in the year. those are starting to soft in. the big banks also benefit because they have a massive number of branches. that is something smaller banks can't benefit from. that's a positive for them overall. we have seen assets up year on year by about 7.5% ruggedly in the sector. liabilities also rising a little over 7%. in capitalt's bring director of asset management , alex wong. why a

lee. if you want to get bullish in europe, let the dust settle in the banks. banks start performing, then equities. toms works at bloomberg. the different stories we're seeing across the headlines. this is hard to see but here is a business in turkey talking about raw material prices and market contraction and down here is the finance effort of the turkish government as they try to sell no interest, and zero-coupon bills short-term paper and at the bottom it says bills to state bodies. that shows you the news flow in real-time. don't forget on bloomberg television and bloomberg radio, your monday briefings on international economics and the pga, what a tournament. this is bloomberg. ♪ tom: nejra cehic in london and i am tom keene in new york where it -- new york. it is about the turkish lira. bonds, 27%? nejra: something like that. earlier butw 25% outside moves. we are been talking about the currencies, the 10 year yield hit a high. tom: we will see what it means for the domestic economy. right now, on this international relations of turkey and the president, john bilton with us from jpmorgan. mitch,

tom jefferson and james madison and james monroe. it's a state that the founders -- a state of a declaration of independence and the constitution, but it's also the state of robert e. lee and sahl jackson and j.b. stewart. [ applause ] because at the base of it, virgini virginians, we think for ourselves, and if the established order is wrong, we rebel. question that in the revolution. we did it in the civil war, and we're doing to today. doing it today. >> stewart who grew up in minnesota. >> of course he did, by the way. >> and moved to virginia. >> of course he grew up in minnesota. they're always the worst. >> late 20s. >> transplant. hey, i'm a rebel. >> facing incumbent democrat tim kaine. responding saying, unlike wimpy tim kaine, really? virginians have a warrior spirit and a rebel heart and in a tweet yesterday that stewart has since deleted he attacked michigan democratic candidate for governor abdul el ssayed "a "is commie." oh, my god. these people! >> where's he coming from? minnesota. >> minnesotans are usually nice people. >> but he's not. he should go back. >> i don't think they want him. >> playing a tough southern -- jon meacham. >> oh, lord. yeah. >>