Ver, onetime Bitcoin Jesus. Hes here to tell us why this is just the beginning of the rise of bitcoin cash. And were going to switch the bug. Switch it from bitcoin to bitcoin cash the newlyadded coin has been extremely volatile since being added to the platform. Its a crazy bitcoin world out there. Were going really large tonight here on fast. First we start with the tax cut. What all of wall street has been waiting for, as both chambers of Congress Pass the bill and President Trump took a victory lap at the white house ylan mui is in d. C. With the details. Reporter melissa, it was a washington love fest there at the white house, with many people thinking that republicans wouldnt actually get this done before christmas but the party rallied around this bill. They put aside some of the infighting that had plagued the gop earlier in this year to stand behind the president its been an amazing experience i have to tell you hasnt been done in 34 years but actually really hasnt been done, because we broke every record its the largest i always say the most massive, but its the largest tax cut in the history of our country, and reform, but tax cut. Reporter now, it isnt quite the biggest tax cut ever but it is a very large reduction in the corporate rate. And there are also some sweeping changes on the International Side republicans say this is all going to encourage companies to invest more money in the u. S. And also to raise worker wages there is some anecdotal evidence out today that theycan point t as signs of success, with wells fargo announcing theyre going to raise workers wages and at t also announcing that it is going to invest 1 billion in the u. S. In 2018 and give 200,000 workers a 1,000 bonus there is a little catch to that. Those workers only get that 1,000 if the president signs this bill before christmas thats the only way they get it before the holiday he didnt sign the bill today and its unclear when hes going to do it but republican officials assure us he will put pen to paper soon ylan mui in washington, thank you. Is there still time to buy this tax rally guy . I think the answer is yes its not just at t wells fargo gave a special bonus. On the margins, thats a really good thing nothings changed in terms of the market stay the course. This is a benign day, financials traded off a little bit. Maybe thats sort of sell the fat type of thing. I still think deep industrial stocks work. Transports have been on fire Federal Express is still too cheap in terms of valuation, especially after what they said last night so the things that have been working, in my opinion, continue to work. Something like Dollar General when you take an effective tax rate from 36 to 21 . If you listen to the analysts on the street, what theyre being able to do is not just price in Corporate Taxes but talk about the consumption impact and the demand side of this. Theyre playing around with those numbers, whether theyre right or wrong part of the argument for domestic and consumption is because the consumption story is supposed to be better. Energy is supposed to be a big place to be investing. Theyre u. S. Dollar cash earners, where these guys ultimately get the huge benefit from the tax, where is the integrators in some of those names really dont because theyre making their money offshore i think its a sell the news kind of thing. But i dont want to realize gains. I like everything i own, i liked banks, i dont really care if they traded off a little bit today. I felt with the volatility index here, it touched south of nine today, i felt like i had to buy protection if i want to stay long this market i bought some spdr puts, i thought those were very attractive, allows me to stay long how much of your portfolio would you be hedging in other words, how big is that position its probably going to work its way up to 4 or 5 . Thats the max but you know exactly what youre going to lose. So i want to stay long stocks. That helps me sleep better at night. I would say that im in karens camp i think it is going to be somewhat of a sell the news type of event there will be a rotation, i believe that will be the overarching theme. You could stay with Retail Stocks i think q1 and q2 are going to be easy comps for retail to tims point, you could go into energy. I have not seen any bids into energy until today youll have to wait a couple of days those two rotations, retail and energy, still have room. I have a stupid question. The rest of them are not. Thank you, grasso when you say its a sell the news event, when is that moment in time . Because i would argue that the moment in time was yesterday or it was today there are a lot of considerations probably today, since its 5 00 and the market is closed, maybe tomorrow you have the tax considerations that karen talked about. I was a little disappointed in the action today we argued about whether or not this was priced in so now we have the deal and you didnt get a rally its only one day. So maybe were starting to get to the point that its priced in that being said, i think theres places to go i want to look at the next things that are going to happen. I want to look at infrastructure i want to be in cap tractor, in john deere caterpillar, its going to the moon its going to mars now. I hear you. To me, the infrastructure story is one that largely, first of all, we havent had an announcement, we had a supply, sensed a lot of these companies were doing better. What were seeing is certainly part of that look at what rates did today, you have 250 on the tenyear say what you want about eps for the s p, whether its 150, 160 if you do that with a tenyear thats at 275 or 3, you have a different argument for the stock market than at 250 this move in the tenyear, does that make the case for banks stronger its fascinating, dwyer will tell you the sliding year curve is still bullish for a period of time people say steepening yield curve is bullish for the same or different reasons. Effectively everything is bullish for the markets. I would suggest it should be a steepening yield curve by definition has to be good for the banks. When the yield curve was 53 basis points, banks were to the upside as well that was regulation too lack of regulation was a huge part of it i think when i say its a sell the news type of event, its a short news type of event once you get into 2018, people will start to see that earnings will rachet up and youll start to see those triggers. Are we expecting through the end of the year that that affects stroocks that large cap thats gone on for years and years will take a powder maybe the second quarter, theyll get back on those faang names again. Our next guest says there are three names that you want to buy right now. Hi, rich hi, melissa ive got three strong buys and it all starts with microsoft it really doesnt get any better than this. Big 17year base of support, okay and we break out on an absolute basis. Youve seen that this is the most massive base, is the president might say more importantly, look at relative to the s p. Once again, a breakout relatively and absolutely to a 17year high, thats compelling. You dont see that every day lets keep the big cap tech moving here into intel you know the name. Its similarly bullish you have this multiyear base of support into one of our favorite continuation patterns, the bullish flag we bought the dip in chips and were going to buy the rip this stock can go to 60 microsoft and intel are at the top of your list from tech to texas, well take the other side of that trade as steve alluded to, this is chevron, up about 2 to 3 to date, thats a laggard, thats going to change next year. Bullish cup and handle here. You have crude itself testing at 60. Youll get a breakout early next year chevron is a stock thats going to go from an underperformer in 17 to an outperformer in 18, a great way to play the burgeoning rally in the tech center three strong buys, great ways to play the dow at record highs come on over, rich. I dont know how well stuff you in here but we look forward to it. I think theres some room over there between brian and guy. The more the merrier. Do these picks say anything about the sectors of which they are a part look, they say a lot. Theres a big narrative in the market to steves point that this sort of rise in Interest Rates, in value over growth, tech is going to be used as a source of funds. I go the other way, you know where i stand. Its guns and butter at the same time, growth and value, tech and banks, small and large, foreign and domestic this is a strong bull market like we havent seen since 96 im not selling microsoft to sell chevron im buying the bull. Those three charts had different characteristics. Microsoft looks like a continuation intel has skyrocketed over the last couple of days. Chevron maybe has not broken out of that pattern you mentioned. Of those three, which do you prefer is there one thats a stronger pattern to you theres two schools of thought. Im a classic trend follower in bull market, strength begets strength a stock like microsoft doesnt scare me off, its my favorite microsoft, theres a roadmap to get there. Thats 50 upside from current levels microsoft is compelling. Energy, chevron, thats a sector, you saw a little preview today, crude is going to have a six handle pretty soon when the calendar turns youll change the way you look at those energy stocks. Were having a little bit of a debate whether tax is a buy the rumor, sell the news event is there anything in the charts that suggests that a sellthenews, even small and brief, is in the cards i dont think so. The key point for me is the backdrop is so compelling here that to think that to try to get too cute with a setup this strong will cost you more money than its going to save. Were clearly on a heater here into year end. We always see some volatility in january, some repositioning, false starts that being said, dont get fooled into a sell the news. You want to be a buyer what is the most likely thing that could derail this story i think while i am very optimistic on technology, 25 of the market, if tech is viewed as that source of funds, youve seen antitrust concerns over facebook, if tech is sold to buy sectors, it wont have the same lift thats just the risk rich, great to see you, merry christmas, happy holidays. He should stay there, now its even. Its symmetrical. I know it bothers you that it wasnt symmetrical because you appreciate symmetry. He doesnt even have to talk, just say what can i do for you. Chevron is more expensive than exxonmobil they effectively had the same year i think if you want to play energy, exxon is the cheaper way to go. But i understand what rich is saying on the break on chevron what did you do today watching the homebuilders, existing home sales, 11year high you watch these names like pulte and kb, im still long pulte, up 80 year to date they have a lot more room. Housing recovery is still in the early innings. Ahead, the socalled Bitcoin Jesus, roger ver, is here. Hell tell us what it means now that bitcoin cash is on coinbase right now its moving higher where is the bug hell tell us how high he sees it going plus Td Ameritrade offering Bitcoin Futures trading. How big does the Online Broker think the cryptocurrency could get . Later check out shares of Bed Bath Beyond surging after hours, now falling into negative territory. One in Customer Satisfactionber over cable for 17 years running. But some people still like cable. Just like some people like preshaken sodas. Having their seat kicked on an airplane. Being rammed by a shopping cart. Sitting in gum. And walking into a glass door. But for everyone else, theres directv. For 1 rated Customer Satisfaction over cable, switch to directv and for a limited time get a 100 reward card. Call 1800directv. Yes or no . Gin. Do you want the same tools and seamless experience across web and tablet . Do you want 4. 95 commissions for stocks, 0. 50 options contracts . 1. 50 futures contracts . What about a dedicated service team of trading specialists . Did you say yes . Good, then its time for power e trade. The platform, price and service that gives you the edge you need. Looks like we have a couple seconds left. Lets do some card twirling twirling cards e trade. The original place to invest online. Wifiso if you cant live without it. T it. Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Welcome back to fast money. Yankees red sox. Ali versus frazier biggie and tupac those rivalries pale in comparison to perhaps the most contention of them all, the bitcoin civil war. Thats right, the bitcoin civil war. First there was bitcoin. Then there was a split and thats where bitcoin cash comes in since then theres been a battle between the two. To be clear, on the desk we dont care which does better we thought its the perfect time to break down the differences between the two. Bk is at the plasma. Absolutely. Lets go through these two ill try to explain it very simply what the split is about the split between bitcoin and bitcoin cash is ultimately about how you scale this the Bitcoin Network was so popular, you needed to make it bigger it came down to the size of the blocks you might want to think of the size of the blocks as the memory on your computer, in a sense it also comes down to the immediate transaction speed going on today those two also feed into what you might pay on the network so you do have to pay something to the miners to send one dollar from bk to guy you have to pay different amounts. And those fees are dependent on how full the blocks are, how fast it is, how many miners are out there, how big the Network Effect is. Then there is the Network Effect notoriety is somewhat interesting in this case, because there is a bit of a controversy over this. It is a bit of a civil war lets dig down a little bit more into this and see what the difference is between bitcoin and bitcoin cash so the block size or lets call at it memory size. Bitcoin today is at 2 megabytes. Bitcoin cash moved it up to 8 megabytes. That means you can do more transactions every ten minutes on the system as it is today so we look at transactions right now, bitcoin is about 3 to 7 transactions per second. Bitcoin cash is 24 per second. Just to be clear, this isnt even close to what visa does there needs to be another solution to scale this thats what bitcoin has. Lets look at the prices i did a transaction today, cost me 10 bucks on bitcoin, cost me a dollar on bitcoin cash thats the difference you see immediately. Bitcoin has a much bigger network. Its accepted many other places. There is a Massive Development team on top of it. And theyre building stuff like the Lightning Network, which is actually the scaling solution for bitcoin. Bitcoin cash has a much smaller network. It has a ways to go in developing that. And that takes some time thats the basic two differences between these. So the other thing i want to say is that i dont care which one wins i dont have a dog in this fight. I own both of them i think theres place for both of them. Anyone who thinks im trying to say one or the other, it is not true, i like em both. Karen has a question. Is there some number of market cap, some Critical Mass bitcoin cash would have to reach for the networking effect to move over to bitcoin cash . I personally view a world where they can both serve two different functions. Bitcoin serves as a settlement layer. And bitcoin cash serves as a transactional currency i would like to see them get along. You dont have to have this rivalry and it doesnt have to be a market cap that one wins versus the other thanks, bk, very eloquent now the man who called the rise in bitcoin cash, otherwise known as Bitcoin Jesus, aka roger ver. Hell be here right after this break. Im melissa lee. Youre watchings cnbc, first in business worldwide vegas, baby, vegas thats right, baby. Sin city stocks are heating up and theres one stop that traders want to double down on well explain. Plus in the beginning there was one. jisann of montreal, quebec. Well, youre one of 200,000 fast money twitter followers thank you for your support of americas market show. Join us cnbcfastmoney and no, the account is not run by an intern whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley welcome back to fast money. Bitcoin cash officially getting added to coinbase last night and surging 50 today, igniting a firestorm in the crypto community. For more, lets bring in a man who was one of the biggest supporters of bitcoin cash, known as Bitcoin Jesus because he was one of the First Investors in bitcoin itself. Roger ver joins us on the phone, thanks for coming back on fast money. Thanks for having me. Does the addition of bitcoin cash to coinbase accelerate your doomsday calls for bitcoin itself of course it accelerates the adoption of bitcoin cash bitcoin cash has all the characteristics that attracted me to bitcoin in the very first place in 2011 and what led me to become the first person in the world to start investing in cryptocurrency startups. Its cheap to use, fast, and reliable bitcoin and their Development Team have intentionally made their product slow and expensive to use and unreliable. You dont have to be a Rocket Scientist to figure out which will be more usable. I consider myself a neophyte compared to you and brian kelly here on the desk and so many others out there but what caught me off guard, the polarized community when it comes to bitcoin cash and bitcoin. Is there not a world, roger, where both can exist there should be but its really, really, really dangerous for bitcoin core holders because of the way the mining difficulty algorithm adjusts for bitcoin core if bitcoin cash becomes popular enough and siphons away enough from bitcoin core in a short enough period of time, bitcoin core is really in danger of coming to a screeching halt altogether ive been telling people to hold your bitcoins and cryptocurrency on your own device where youre in control right now may be the only time thats bad advice. You may want to consider holding your bitcoin on an exchange so if theres this mad exodus of people rushing to the door, your money will already be on the exchange, youll still be able to get something for them where is if theyre stuck on your own phone or computer and everybody is running for the door because the rate is disappearing from bitcoin core and moving to bitcoin cash, it will be too late to move them from your wallet to the exchange basically it sounds like its almost i dont want to say a run on the bank, its not quite equivalent, but this notion that there could be something that happens almost instantaneously and youll want out of bitcoin like that. Thats what youre predicting . Im predicting that that may happen and if you look at it right now, the average fee on bitcoin is more than 30 today. And theres more than a quarter of a million Bitcoin Transactions waiting to be included in block. That means you have somewhere around a quarter million and youre an unhappy bitcoin core user if theyre getting a bad experience, theyre likely to switch to Something Else if they switch to bitcoin cash, that would siphon away from bitcoin core and make the doomsday scenario possible what a terrifying thing if youre holding a lot of bitcoin core roger, its brian kelly i just did a comparison between the two coins. It struck me in that that both of the coins still have a long way to go before we can scale to the level of visa or mastercard. Bitcoin itself, the Core Developers are some of the best in the world, are going toward the Lightning Network. Can you tell me what the plan is for bitcoin cash in scaleability, if it gets as possible as it may, will it end up like bitcoin today . I would like to take exception to your comment that Bitcoin Developers are some of the best in the world. Thats absolutely not true they took bitcoin which used to have fast, reliable, cheap transactions on chain, and turned it into an incredibly congested network that provide a horrible User Experience bitcoins market share went down to way less than 50 by those standards, i think theyre probably one of the worst Development Teams in the entire crypto coin ecosystem with regards to Lightning Network and their plans for future scaling, all those things they want to do in regards to Lightning Network and layer two will work better, faster, and cheaper on top of bitcoin cash because theres more room in the blocks for everything to happen more reliably. All these things theyre working on can work better on bitcoin cash bitcoin cash is a better solution all the way around and is much more in tune with what was originally laid out in the roadmap of bitcoin to begin with, which was fast, cheap, reliable transactions. Thats what bitcoin cash provides and bitcoin core is providing the exact opposite of that in terms of scaling and greater acceptance, roger, i understand the addition of cash to bitcoin is very important, but now bitcoin cash is investigating possible Insider Trading. Is it your take that perhaps there needs to be regulation in these online trading platforms is it enough for coinbase to say were going to launch our own investigation into this and that should be sufficient for you retail traders who are now trading in bitcoin and bitcoin cash i ask because maybe this sours investors out there from crypto. And that in the end would be bad for your thesis, wouldnt it i think Insider Trading is a noncrime. Lets say a bunch of people had traded in advance, the price would already much more closely reflect the price after the news became public. No, i dont think that should be an excuse for additional regulation on the Bitcoin Exchanges. Theyre already being regulated pretty heavily at the end of the day, buyers need to beware of whatever service theyre using, whether its a Bitcoin Exchange or a coffee shop making your coffee be careful, take a look at what youre doing, dont depend on the government to keep you safe from everything out there in the world. And so, roger, Going Forward, what is the plan here for the acceptance again, when i went through that, i said theres a smaller Network Effect here for bitcoin cash, whats the plan from your point of view for growing that Network Effect the plan is what works for bitcoin in the early stages. Providing a wonderful User Experience where anyone can invest any amount of money basically for free and nobody can stop it. Now we have all these businesses that used to be bitcoin only businesses once the Bitcoin Core Team succeeded in making bitcoin less usable, they started integrating the likes of blockchain. Info, ethereum, now bitcoin cash wallet, where previously they were only a Bitcoin Wallet weve seen the same thing happen with coinbase, with bitpay, and bitcoin. Com. They arent stupid, they realize this is more than 30, they have to wait days or weeks or maybe never for your transaction to go through. Bitcoin core is going to start using Something Else, and that clearly needs to be bitcoin cash i want to ask you about charlie lee, the creator of lightcoin, selling his cash. Does it make sense he wants to get rid of this because of a conflict of interest i have no idea. Charlie lee should be free to do what he wants, theyre his it doesnt affect me one bit i dont really see litecoin as being nearly as interesting. Its a competitor of bitcoin core, i suppose. Bitcoin cash is an even better version. One really interesting point that charlie lee did make previously, bitcoin shouldnt raise the block size kudos for him to saying do as i say, not as i do, and lightpoint is trying to utilize the market share as well. If i had a competing currency to bitcoin core, maybe i would give them bad advice too. That seems to be what charlie lee did, give bitcoin core bass individual that crippled it and litecoin is in a position to pick up the slack that he created. Roger, thanks for phoning in, roger ver of bitcoin. Com ill go to you, bk do you think the two can coexist why are people on twitter so polarized about this so a lot of this has a lot less to do about the Technical Specifications and more about the decision process in how a Community Comes together and forms consensus. Thats really what, to me, has been happening over the last several years. Theres been a dispute about how a Community Comes together and says this is how were going to move forward the solution in this case was to split the community into two different coins. Im not qualified to say which one is technically better. Ill leave that up to the developers let me ask you, bk, could it be something more mundane like theres so much more money at risk in bitcoin because the market cap is so much bigger than bitcoin cash, and its purely an issue of, you know diversification or for the community wanting to keep the value in bitcoin economics are a big driver of this entire thing. The whole idea of having a token like bitcoin is to change the economic system. So a lot of people that got into this early, you know, are in it because they want to change the economic system. They want to change the inequalities theyre now at this point, where theyre trying to protect what they got into a long time ago. Yes, i think economics plays a big role in it ahead, the bitcoin boom doesnt stop well talk to a ceo of chorft ne, tim hockey mu me asmoy after this trust 1 doctor recommended dulcolax. Use dulcolax tablets for gentle dependable relief. Suppositories for relief in minutes. And dulcoease for comfortable relief of hard stools. Dulcolax. Designed for dependable relief. Welcome back to fast money. We have a news alert on cnbcs Parent Company comcast lets get to meg terrell reporter hey, melissa. Comcast is joining the slew of companies announcing things after the tax reform package passage. The ceo announced the company would award special 1,000 bonuses to more than 100,000 front line and nonexecutive employees. The Company Expects to spend well in excess of 50 billion over the next five years investing in infrastructure to extend our broadband plant and capacity as well as television, film, and theme park offerings, so an announcement from our Parent Company comcast what was that number on how much additional they will spend . Reporter well in excess of 50 billion over the next five years. Thanks, meg terrell the immediate expensing the Capital Expenditures plays a role, we heard at t earlier today announce they are going to spend an additional 1 billion in Capital Expenditures. Sounds like youre getting your infrastructure plan whether you get an infrastructure plan or not theyll kiss the ring, theyve got the money, theyll get the Corporate Tax cut, and Going Forward their business opportunities, theyre going to make sure theyre in lockstep or they have the approval of the white house. Corporate america is drooling right now, giving thousanddollar checks, i dont think this is that big a deal. A lot of companies youve heard about, the guys that jump to the front of the line are the guys having the biggest war with the government steve makes a great point, infrastructure in the Telecom Sector follow the flows there thats copper, thats materials. And i think thats what you should be investing in now look at the breakout in freeport, in u. S. Steel, these are related to that. For all the, you know, scut the companies are going to get because they wont spend money hiring workers, effectively you are hiring works, youre creating jobs. Youre giving them a raise. But when at t is spending a billion dollars extra to lay cable or whatever theyre going to do. Fiber right somebodys got to make it, somebodys got to lay it, right . To tims point, its 2 1 2 weeks ago, copper, the commodity, was getting obliterated. Xes was up 3. 5 . Since then the stock has run from 14 handle towards currently trading. Sometimes the market gives you a gift freeport is probably still cheap right here i actually think this might have an impact on the fed. This will sound a little crazy, but comcast, if this is a trend, the wage pressures will start to go up. And the fed might be behind the curve. They might have to hike more. Ahead, professional sports teams are hitting the strip in las vegas. Its giving casino stocks a boost. Are traders rolling the dice on any of these names plus the ceo of Td Ameritrade is here for his first interview since Bitcoin Futures started trading on his platform. When you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. We call that, the golden hour. Evaluating patients remotely, is where i think we have a potential to make a difference. We would save a lot of lives if we could bring the doctor to the patient. Verizon is racing to build the first and most powerful 5g network, with ultra lowlatency that will enable things like precision robotic surgery from thousands of miles away. As we get faster wireless connections, itll be possible to be able to operate on a patient in a way that was just not possible before. When i move my hand, the robot on the other side will mimic the movement, with almost no delay. Who knew a scalpel could work thousands of miles away . Welcome back to fast money. Take a look at surge in Online Broker stocks in the past three months, some of the names soaring past their alltime highs in the 90s. Our bob pisani is at the nyse with details reporter hi, melissa the Retail Investor appears to be waking up bitcoin can claim part of the credit ebrokers have been rallying especially since tax cuts got real at the end of november. And with good reason first, theres more trading activity all the brokers are reporting daily avenue regular trades have been up in november over october, up 15 for etrade, 12 for ameritrade, 14 for interactive brokers, 8 for schwab second, new assets are increasing investors are putting more money in their accounts. Schwab has record levels of net new assets third, higher Interest Rates big help clients keep cash in these trading accounts and as Interest Rates rise, brokers make more money, theyre stingy, keeping the higher Interest Rates from your cash. Fourth, tax cuts broker will see 18 to 20 increase in earnings under this taxfriendly scenario. Finally, i think its fair to give bitcoin some credit Bitcoin Futures have slowly rolled out the ecosystem around bitcoin, particularly any stocks associated with bitcoin, have seen very, very heavy trading activity the bitcoin news keeps coming. The Parent Company of the New York Stock Exchange has filed for a bitcoin etf with the sec put it all together, it means profits are higher the big analyst in this space recently increased his 2018 and 2019 earnings estimates for e trade and schwab and Td Ameritrade thank you very much, bob pisani the Worlds Largest online futures brokerage went live with bitcoin earlier this week. Lets bring in tim hockney, great to have you with us, ceo of ameritrade. Remember, this is only day three for us but having said that, we saw the interest fairly early. And we got prepared and started trading on monday. What weve seen is a serious increase in the number of inquiries that were getting from all of our clients. And they do skew a little younger, as you were discussing on your show but just to put some numbers around it, weve seen probably a threefold increase in activity and interest visavis futures trading. And thats just an account opening. And about a fivefold increase on the futures themselves. So lots of activity. You mentioned these clients tend to be younger can you give us any more detail on who these people are . Are they people who have equity trading accounts who are lured into bitcoin are they people who are only interested in trading Bitcoin Futures . Is there some notion that you can sort of attract bitcoin people into the equity world or attract equity people into the Bitcoin Futures world . There isnt anybody on the planet who hasnt heard of it, theres a euphoria about it. Theres that factor first. Then, in fact weve limited our trading to date to those clients who are actually already futures traders are very liquid. They understand their risks. We will expand that out over time but there is very much interest from people who have never traded an equity certainly never trade a cryptocurrency, because they couldnt theyre saying theres this fear of missing out issue that everybody is talking about, because theyre going to holiday c cocktail parties and hearing all about it and saying how do i get in the market is high, people are employed, theres a bitcoin interest, rates are moving higher of all of those things, whats the most important to your business to drive profitability . Generally i would say the short term answer is Interest Rates. The longer term answer of course is clients who are interested in taking interest in their own financial future, either trading or investing, to be better off in the future. Thats what were focused on in the long term. Interest rates, clearly, whether it be fed fund rates or the yield curve generally, it goes up and we do better on client cash, as we mentioned earlier. At this moment in time, whats the biggest driver of interest in trade . Is it Something Like bitcoin, everybody on the street is talking about bitcoin, or is it dow 25k . Its clearly bitcoin. Really . Sure. Dow 25k is something that, honestly, it feels like its sort of taken for granted, because weve had this inexorable, how many daily closes at records. So thats not fun and interesting. Everyone wants to talk about bitcoin. It doesnt mean everybody is actually trading it, of course they cant yet, thats why theres a pentup demand in terms of the buzz, look at how much time youre spending talking about it were talking here about the difference between bitcoin and bitcoin cash, that shows you how much buzz there is around it there have been so many surveys saying millenials arent interested in stocks, but they are interested in bitcoin. Why do you think that is, and is that important for your business otherwise these are people who you might not necessarily get on your platform. As i said earlier, i dont think that it is what it is. 42 of our clients, for the last number of years, are millenials. 42 . 42 of our new clients are millenials but they like to trade what they know and so what do they know they know tech stocks. Why do we see all the activity we did around whether it be facebook or this past year, snap we see a flurry of activity. Bitcoin, same thing, technology, as a result theres a high degree of interest it is an entry point into markets and trading generally. And from that, with the right education, with the right help, then it will probably expand into investing more generally. Last quick question tim, for 2018, are we going to get to a point next year where youre going to revise higher, youll say Bitcoin Futures is a higher impact than we thought and tax is higher impact than we thought . I dont, sitting here today, think bitcoin is going to move the needle for us. It is certainly hype and euphoria it just wont remember, we generate about threequarters of a million trades a day thats a very large number relative to the current volumes that are coming out of bitcoin and i dont think even with this euphoria were seeing, as the markets open up and additional products come to market, that well see that number move much. Relative to other reasons for changing our own guidance, if we were going to do that, i wouldnt talk about it here. Its public, this will be public disclosure. Of course i would say, look, you mentioned it earlier, there are some great tail winds we have rising Interest Rates. Remember, in our case, its idiosyncratic to us. We have this deal with scottrade we just closed and were planning to do an integration in the first quarter. Thats going well from our point of view. Theres all these things were quite happy about in terms of our future, and we see bright roads ahead. Tim, good to see you, tim hockey, ceo and president of Td Ameritrade priced at 20 million shares, secondary to ameritrade, the stock traded well off the back of that. Tim can speak to that. Valuationwise, its a cheap stock. Theyre in the right space what does it mean for the stock . It goes higher, in my opinion. If you look at the online traders, ameritrade has underperformed i like the catchup trade, especially when you look at bob pisani said, what the entry point was. Check out shares of pg e, tanking in after hours session, the company suspending its ldredend, citing the california wifis. Well have the details next. Its all yours. Wow record time. At cognizant, were helping todays leading Life Sciences companies go beyond developing prescriptions to offering subscriptions with personalized, realtime advice for lifelong, healthy living. Honey . You almost done . Nope. Get ready, because were helping leading companies see it and see it throughwith digital. Directv has been rated number one in Customer Satisfaction over cable for 17 years running. But some people still like cable. Just like some people like preshaken sodas. Having their seat kicked on an airplane. Being rammed by a shopping cart. Sitting in gum. And walking into a glass door. But for everyone else, theres directv. For 1 rated Customer Satisfaction over cable, switch to directv and for a limited time get a 100 reward card. Call 1800directv. Welcome back to fast money. Weve got a market flash here on pg e, the stock is sinking in the after hours session. The company cutting its dividends citing uncertainty relating to causes and potential liability associated with the Northern California wildfires. This obviously could have a snowball effect, there are a lot of etfs, dividend etfs, dividend mutual funds, who might have to sell because of this suspension of the dividend. These are not necessarily companies that can make big adjustments in their earnings profile, especially for these types of events. Theyre due to pay 53 cents in the Fourth Quarter this was an announcement that certainly caught people by surprise the stock had been selling off going into this number almost on the expectation that this was about to happen. And the preferred also is suspending the dividend as well, which you dont see too often. All for cash conservation, according to the Company Switching gears, since turning into sports city, theres been a surge of professional teams coming into las vegas. Lets get to Contessa Brewer ou in sin city with much more contessa reporter melissa, already the majority of the revenue in this town comes from nongaming sources. Were talking about major league football, Womens Basketball is coming to town, and also hockey. Last night here at the arena, a packed crowd, standing room only they went up against the tampa lightning in their first season, the Golden Knights are having a gangbusters, now tied for first place in their division, number one in merchandise sales, their ticket prices are above the nhl average. Its not just hockey that is getting this town so excited the ceo at mgm which owns a stake in the tmobile arena says hes ready to ante up on sports. If we learned anything about bringing the Golden Knights here, people travel. Theyll come from new york, boston, theyll come from the west coast to go to of lalas veo see their team play against the home team. Its had a big impact on this neighborhood here and a big impact on mandalay reporter mandalay bay is owned by mgm the aces, the wnba team, is coming to town here and he thinks it will make a big difference to his bottom line, guys contessa, thank you, Contessa Brewer in las vegas. Casino stocks doing quite well today. Wynn has outperformed, its up 95 year to date. It is overbought on our rsi relative strength index right now. But its been running overbought, its been performing well i would stay with that one mgm is more domestic facing. You could see that catch up a little bit i like wynn. Reason to buy casino stocks, the Golden Knights you dont watch hockey. I know the vegas Golden Knights. Thats one of the many reasons. We were in vegas with mr. Wynn, the stock was a 90 handle, now its 150 something and still going higher from here the valuation is still compelling i still like wynn. Up next, final trade another day of work. Why do you do it . Its not just a pay check, you actually like what you do. Even love it. And today, you can do things you never could before. Youre developing ai applications on the cloud. Finding insights hidden in decades of medical documents. And securing millions of iot sensors. So get back to it. And do the best work of your life. Looking from a fresh perspective can make all the difference. And do the best work of your life. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Tim . Oil services, oih is to be bought i think youve got to buy some protection when theyre giving it away as cheap. There is some inherent volume title, as bitcoin starts to move the wrong way. Weve got an extra trader tonight. Were running out of time. Disney fox deal, people will start sniffing around the other properties as well cbs. I pitch litecoin as my next big trade. Thats weird. Right part of that thesis is you have an engaged founder i sold it today. Name one hockey player. You dont have time, sorry Wayne Gretzky im melissa lee. Mad money starts right now. G. Mad money starts right now my mission is simple, to make you money im here to level the Playing Field for all investors. Theres always a bull market in summer and i am going to help you find it. Welcome to mad money. Well creme to cramerica. Call me at 1800