Check things out today because we have now seen already 69 record closes for the dow this year if there is another record close today, as you would indicate if you see these gains again, this would be the most record closes weve ever seen in any year for the dow. Last record watts set in 1995 and that was a record of 69. The s p is already in record territory. Weve seen 61 record closes for the s p and thats compared to 18. The dow indicates almost 24,800. You see what im looking for. I cant see your screen. Its a map of south america because the train the sorkin train was oh. No, no. You said san paulo. I was down in san paulo where am i now youre down across from the falklands. The train is. Youre still here youre here i missed the train, as you know youre still in jersey, i think, camden or something not even. I havent left the island of manhattan. Seriously. Im stig thinking im like just hanging outside of penn station. The sad thing is, i had to look to figure out which one i knew you know, i get chile and peru mixed up. Thats west. Argentina. Youre past buenos aires definitely, the train. I dont know how we got across the make the jump panama canal maybe theres a bridge its the imaginary train. It is the polar express. Lets call it that. Take a look at what happened overnight in asia with the major averages the nikkei was up sharply. Gain of 1. 5 the hang seng was up. 7 in europe this morning with the early trading that weve already seen, it looks like the dax is already up by 1. 5 the cac in france is up by 1. 2 . You also see gains with the ftse and with stocks in italy and spain. If you want to check out crude oil, crude was relatively flat it closed the week at 57. 30 wti trading at 57. 61 a barrel. We have a travel alert for those of you trying to travel over the weekend power has now officially been restored at atlantas heartsville jackson airport. It forced more than 1,000 flights to be delayed or canceled the timing could not be worse as we head into one of the busiest times of the year. Georgia power said it was linked to a fewer underground serving that area. Well get an update from phil lebeau. The latest addition of the Star Wars Franchise, the last jedi brought in 450 million. It fell 28 million behind the force awakens. The movies three day take totaling 450 million closing in on half a billion. Critics of course liked the movie giving it a 93 rating the audience score as of this morning is a disappointing 56 . Did either of you see it . I didnt see it im going to see it over the holidays i have a correction to make. Saying we were already in record territory. We are not there are 61 closes for the s p. That is the third most in history. If we close at another record level today, that will be 62 times and that will tie the second most. The record is still held back in 1995 and that was a record of 77 times and hat tipped to Peter Shacknow for that. Thank you. Unbelievable. We know appotex, we know that company. These two strangle the founder and ceo and his wife. Youre talking appotex we know that Company Worth 4 billion founded that company we know the company. Was a generic clavix it was supposed to be murder suicide. The family is disputing that. We dont know. Unbelievable. What were you just talking about, andrew . Talking about the jedi. Jedi. Jedi Rotten Tomatoes. I Pay Attention to Rotten Tomatoes. Can you what . Critics not Rotten Tomatoes. It would be important is that a okay, so thats all browsing. How do you why 96 versus 50 the critics are 93 those are the critics. Individually. More likely a little bit. Then 56 of the audience, which is the sort of crowd source version of this that doesnt surprise me with star wars because youre going to have die hard old fans who are never going to be as happy with the first three installments that were 4, 5 and 6, talking about myself, but it doesnt surprise me. People have so many expectations that theyre walking into a series. I Pay Attention to Rotten Tomatoes when im looking for something to watch me too. Me too and i see i dont care. You look at the crowd the critics or the audience . I generally look at Rotten Tomatoes. I hit info on xfinity it comes up. This is a rare example where i dont care ill watch it anyway. Yeah, right, with this. But you remember the old days some people say this has ruined the movies. Yeah, right it gives you a preconceived notion the ability of a studio to market a film becomes god forbid we let the audience no. The music they think some of these things are manipulated. When you wanted someone to play your music. Harvey weinstein and the oscars. I think its a good thing to have crowdsourcing so there are not as many things this article over the summer about how the studios were hurting over the summer and they were blaming Rotten Tomatoes. Blaming the fact that people can tell each other about what they think about the movies. Maybe its terrible movies. Anyway, bitcoin. Yeah. 20,000. Bitcoin futures launched last night on the cme, that is the Worlds LargestFutures Exchange dom chu joins us with more on all of this. Dom, do you own any bitcoin . I do own i do own some bitcoin. It was acquired over the course of the years just kind of understanding what the crypto currency market is, but i guess in essence what were trying to figure out is whether or not this is going to be a little bit more mainstream, whether people are going to use it like a currency, whether or not people are going to start traveling and businesses use it. Were seeing the institutions given the fact that the cme group, the Worlds Largest cme group has launched Bitcoin Futures. A couple of differences that we had launched last week and the cme. The ones that launched last night are much larger in size. Each contract that trades on the cme is worth 5 bitcoins as to the cboe which is a onetoone margin if you go on to cnbc. Com and check on the tool bar, you can search for Bitcoin Futures it will show you both the cboe and the cme mark right now 657 futures have traded on the cme. A little over 3,000 contracts. That puts the total contract of Bitcoin Trading so far on the cme around the 63, 64 million mark thats about the same amount of dollars that we saw last week when i was onyewu guys for the first day of cboe trading. You get the feeling like a lot of these institutions are just dipping their tows perspective we know this isnt apples to appleless, futures to futures. The oil market, which is one of the more liquid markets out there for futures trades around 145 billion with a b on a daily basis versus around 63 billion with a b for gold markets. So as we talk about futures training for comex, nymex, wti crude, bitcoin is not in the same league. They need to see more liquidity and smooth trading before they get back in on the action. Dom, if youve been building this stake up over years, how much is it worth now i havent been building up a stake over years. Playing around. Checking things out. Yeah. It has to be worth a lot more than when you started . It was. It is now. I have a bitcoin. Wow youre a player. Quite a bit more than it has been. We were going to toss it. Hes not going to be sitting there. Im not retiring any time soon, guys im still coming to work i still need the paycheck. Were not allowed to invest in stuff did you clear this i did i have a cya email from our legal department. Cya, thats stand for a legal term it is a legal term. It is amazing that they tell us we really arent allowed to its like we have to yeah. Got to ask if i can scratch my i know who i feel like i feel like the duke of edinburgh. Have you been watching the crown . I have. He wasnt allowed to do anything. Look what happened to him as a result. But she classic line where he goes, my son out ranks me. She goes, well, of course. Hes the heir to the throne. I havent seen that part. He goes, but im his father he out ranks me . Hes 6 little hard to live with. They didnt invest in bitcoin. No, but were im going all in. In the meantime thanks, dom. Can i buy yours you should Pay Attention to this segment since you might be a potential buyer, right i might be. Okay. Nkts ask my kids want to talk to mike harris this morning he is the president of campbell and company. Good morning to you. For joe here whos thinking about it thinking about it. Currently thinking about it, he wants to know if he should get in he clearly missed the early train. Is there still a train to get on i think theres absolutely a train to get on. Were a very interested watcher this morning were looking at a number of factors. The first is what is the correlation to the other markets . Interestingly enough, its had almost 0 correlation in most of the mack control markets that we trade. That makes it a very exciting market i think about some of the Investor Feedback that weve gotten has been pretty polarized. People are really excited or theyre nervous and dont understand it. Weve gotten more calls on this market than we have on a new futures market in quite a time if you were to see a down side, just tell me, for those out there who are bearish about this, who look at this and say this is funny money, this is completely crazy, you see what just give me if you were going to be wrong, you think you would be wrong in what way well, i think that theres some regulatory uncertainty. Certainly we know the futures have been launched and the cftc and well keep an eye on those the cash market is a very unregulated market across the globe. I think thats one of the concerns that many people have about this market. I mean, theres a number of factors that were watching before will start trading the futures contract the quality of the data. Whether or not we can use the spot data in order to be indicative with all of these Market Participants getting in. Liquidity, volatility, trading cost spreads are somewhat wide but obviously its fairly new. Well have to find that. You have to find an fcm thats willing to help you execute and clear the trades there are only a number of fcms that have green lighted Bitcoin Futures. Most banks are in wait and see mode like we are. How many people are literally arbitraging whats happening every morning, meaning you look at these different exchanges, you look at the different futures trading now and theres clearly a discrepancy in the price . I think theres a huge opportunity there in the market. I dont think based on the spreads that were seeing that there is a lot of arbitraging happening so far and that might just be the newness of the futures contract as i said, the inability to define an fcn. Some of the models certainly trend in short term version make a lot of sense think about the carry opportunity. Theres no fundamental carry via the cash flows there is a fairly sizeable convenience yield when you think about the spread between the spot and the futures some of our strategies could definitely take advantage of that if they stay at these levels going forward. Final question. If we had this conversation in five years what would the price of bitcoin be . Well, you know, were a trend follow lower, not a trend predictor. I have no idea where it will be. In all honesty, no matter what happens to crypto currencies, i think the real trade is in block trade technology were seeing that improved settlement in some of the markets. We believe thats going to unlock the new markets. Before you go then, give us the macro bet on bitcoin without macro trade on block chain without touching bitcoin i think there are a number of companies that are improving upon the block chain technology. I think there could be some plays there. I think overall im very bullish for liquidity in the various Macro Markets that we trade because i believe the settlement process will be greatly improved going forward. Mike, thank you thank you so, you know appreciate it whats that . They call them the moustaches on the crown. These are the guys that are telling what he can and cant the moustaches are telling me you can buy bitcoin but you cant trade it its not going to move just like gold or an etf, have you to hold it for six months. Right here they are our Corporate Tax theyre watching and telling us. Keep your bitcoin. Im he going to stay where i am in the money market. Your money Market Making lots and lots of interest there coming up, republicans in congress say they expect to pass a tax reform bill this week and send it to the president s desk for his signature. Well get a live report from washington next and were going to talk to axios executive editor michael len broke a lot of stuff off those 10,000 emails well be right back. Keep it here i think that shes a very nice girl. You never got the brakes looked at . Oh yeah. No. At cognizant, were helping todays leading manufacturers make things that think and do automatically. Imagine that, a world of new Digital Products and services all working together for you. Can i borrow the car when its back . Get ready, because were helping leading companies see it and see it throughwith digital. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. In washington Top Republicans saying they expect congress to pass the gop tax reform bill this week. Y ylan mui joins us this morning. Reporter a lot of people raise the eyebrows when they said they would pass tax reform by christmas but it does look like they have the votes to make it happen. The lawmakers are pouring over the final text of this bill. Here are a few notable things to point out. The repatriation rates will be 8 for illiquid assets and the holding time is three years and the first in first out provision that would have limited investors flexibility to sell stocks is not in the final version of this legislation. Speaking on meet the press yesterday white house legislative director mark short said the real win here is taking the corporate rate down to 21 keep in mind whats most important, chuck, weve lowered the corporate rate from 35 to 21 to bring back jobs to our country. A 40 reduction. Reporter the house will vote on the bill on tuesday followed by the senate. Senator john mccain will miss that vote. He was back in arizona convalescing after he was in a hospital for the past several days over the past week. There are a few republican senators who have not made a final decision it is worth noting that all three of those guys voted for the Senate Version of the bill so barring any major surprises here the next few days should be a victory lap for the gop. Back over to you. Ylan, thank you for joining us mike allen has been breaking news lets talk taxes and then well talk mr. Mueller how about that do you want to do it in that order . Sounds good and good morning. One week till christmas. One week till christmas it does look like we will, of course, get a plan the question i have is whether you think that this plan i mean, youve been a good prognosticator thus far. Look out to 2018 how does this change the game one way or the other andrew, it keeps republicans in the game. They were so worried that if they did a belly flop on this, that they would be so behind the curve as they tried to ramp up their mid term campaign. So republicans would have looked weak the president would have looked weak now they stay in the game but youre right about that long game when they get to 2018 is this really going to help them . What weve seen over the weekend is a lot of mostly unintended consequences of the tax plan by people voting for them as you and your viewers know, theyre wellintended by the people who slipped them in so this morning were seeing provisions that help the real estate industry, help the president. Were seeing provisions in there that mean that taxpayers could move up in their brackets faster how this moves out when we start to pay taxes is something republicans arent quite certain about. Mike, there was a report over the weekend about bob corker and his determination to switch and how there was a loophole, lets call it, put into this bill which would be helpful to him. He said he didnt know about it. You look at situations like that and you say to yourself. These were just great coincidenc coincidences something was done specifically and there was a great term in that story so bloomberg broke that story senator corker said that he was going to write to the chairman of the committee, senator hatch, and ask him how it happened. This is a great term that i had forgotten from capitol hill. They talked about how this provision was air dropped in there, ninto the conference committee. So you have an air drop on capitol hill i actually believe bob corker in this situation. In fact, hes calling on the committee to release how it got air dropped in there im not doubting him. Ill saying id like to know how it got dropped in, too, though. The way it got in is a great behind the scenes term of art on capitol hill some of these provisions that are going to cause heart ache for members but they were deliberately put in. Figuring out who did what, who shot john, will be the fun deconstruction of this bill. I look around the world and its not just here, there are political divisions, whether its nationalism, i dont know what it is, great britain, denmark, finland, people going in the eu wanting to come out. So i understand that we are were like this. You cant see it on the camera im reading the journals piece about democrats against tax reform i know that now polling for the mid terms have the democrats up historically more than theyve ever been. So people are maybe theyre mad at republicans im trying to figure out what democrats stand for. Im going to play devils advocate the journal says after the slowest expansion and tepid wage growth, americans should want to see this succeed and its a shame democrats want it to fail. The fed is at a quarter. Markets are at new highs there are positive things happening. Democrats are against that theyre going to shut down the government if theres any talk of actually