Political gamble, gambling that going back to the language of saturday is better for him than sticking on the more conciliatory language from yesterday. Saturday he was criticized was by saying that there was violence on many sides seeming to spread moral equivalence to people protesting against nazis and White Supremacists along with the nazis and white supremacist s themselves and he he wewent back to that bh sides language today here is the president just moments ago. I do think there is blame yes, i think there is blame on both sides you look at both sides, i think there is blame on both sides and i have no doubt about it and you dont have any doubt about it either. And if you reported it accurately, you would say it reporter the president also conflated George Washington and robert e. Lee mentioning the father of the country in the same breath as a confederate general and seeming to suggest that there was a linkage between the two. That is not rhetoric that you will often hear from the President Trump of the United States here is the president again. You take a look at some of the groups and you see and you know it if you were honest reporters which in many cases you are not, but many of those people were there to protest the taking down of the statue of robert e. Lee. So this week its rob lert e. Le is it George Washington next week and Thomas Jefferson the week after you really go hado have to ask yourself where does it stop. Reporter so the president there making comments that will be controversial weve seen a large group of protesters arriving here on fifth avenue just south of trump tower within the past several minutes. And the reepgs ception includinm david duke who put out a statement on twitter, he said thank you President Trump, your honesty and courage tell the truth about charlottesville and condemn the leftest terrorists in blm ash anitif. So an angry fiery fed up President Trump that we saw here at trump tower his comments being well received by the former leader of the clue cleks cluks clan well see how ceos react, but there a large group of protesters who are fired up as welch about this political moment is really quite something. How did you interpret his comments about steve bannon . I heard well see what happens to bannon. Reporter yeah, it sounded like he is talking about a person who has already left the white house. He was distancing himself from him. Pointing out that he came on late in the campaign saying he likes steve bannon no oig, but not somebody that he necessarily depends on were told that the president has not been speaking directly with steve bannon. Oout oourt its unclear when they last spoke. It did not sound like steve bannon has a long term future in the white house. But well have to see how the president decides to handle that issue. Firing steve bannon would be something that would be seen as con stiitililicon stiltill concd his critics. Firing him would be distancing himself from the altright groups. Critics firing him would be distancing himself from the altright groups should we so well see in the coming days. And pointing to the cause of what could be caused dysfunction withins white house. Thanks so lets talk more about what this means for the agenda if steve bannon is possibly gone, we wont v. More talk about 44 tax rates on the wealthy. I mean, we get close to something that is achieved . Or maybe is itdivisive. Today it was more of the both side stance. And there will be a lot of frustration from the reaction of that so that part will have to be pieced up. Steve bannon, yes, i think that actually does open things up a little bit and it sure sounded like when he referred to him as mr. Bannon that made it feel like its past tense hes no longer going to be there. Not how you talk about friends. But when it comes to getting the agenda done, that is congress, right . It is but i dont think that the Fiery Press Conference that he with saw will help get nick done. Ic you can write everything offw will help get nick done. Ic you can write everything off. I dont think that this will make that any easier if the market hachbt prisnte that had in thats why they went for Health Care Reform first i disagree. Well, youre wrong. Im okay being wrong. There is a group on the right that will not do the cuts unless they have cuts on spending thats why they went with health care that didnt work what is baked in the market its at an all time high. So tax cut possible, that would be upside. Its not baked into the stocks that are up 30 , 40 . I ask you had if it was baked in you said nothing is baked in. Ed in you said nothing is baked in we know his agenda is into where. We know that hes the world heavyweight champion of liars. We knee that this weekend and then again that he just basically relinquished all moral authority of the office of the president. No one wants to work with him. People are distancing themselves from him that is where the agenda is. It gets further and further and he looks unhinged. Just that simple so nothing is getting done this year you may have some sort of tax amnesty or repatriate yags health compare is done there is no tax form coming. A tax cut no. So tax cuts, tax reform is all the table in your opinion . Its off. His Approval Rating will get worse. And then we have the midterm elections. Republicans will be running from him. I pointed out a longstanding republican in the senate he didnt talk about the democrat for the failure so i think its done hey, welcome to the show. Thanks for being with us. Long day for you its great that youre here. My opinion on the press conference is irrelevant, but i think the most damming ig thi n getting an endorsement from david duke is not good what does that mean for the market do more ceos step down from this group of leaders what does that mean to the agenda if ceos lead councils republicans stoort ba s star off, so i think it does have a bell tear yus effect on his agenda moving forward given that david duke basically gave him his endorsement. But these guys need to have a win in the midterm it ensent advises them even more to do something with taxes maybe its not tax reform, but maybe its what you initially said, just tax cuts. Ashd if and isnt that good for a market and you sell that rally look at the uncertainty. Ceos are leaving if you are a ceo, how will you make a decision when what you will do with your company when you have absolutely no idea what the regulations and what the legislative agenda will be maybe we get a tax cut, that will be good for the stock market repatriation and sell it with all your might. But will deregulation be worse or will it change at all are the part that youre saying if this then they wont see anything happening on the other side im just saying at some point the uncertainty that is being created on everywhere, the uncertain uncertainty i dont want to get myself in trouble but im saying that if im a ceo, all ceos want to know what are the rules. But they wont get more regulation right . I would expect no. Im very confident of that okay. I dont thinkthere is anywa you get more regulation. But i dont know what the rules are going to be. But do you probably know i think we know that its not going to be more regulation might not be less, but it wont more youre getting less every day because of what is called the cra, congressional review act, which clou allows congress to l back regulations without the white house and they ever he been doing it. You have to wait 60 days, but they have done 10 or 11 vote already and vrolled a back hundreds so that is happening and that press conference, the name for example didnt even come up. Understandably so because it was supposedly an infrastructure thing. And they back ed down on bombing guam but the chinese are trying to help which is somewhat of a win for the Trump Administration but i dont think that the final chapter in this whole north korea sgag has plsaga has playe itself out you have him talking about venezuela and charlottesville. So many fronts we are fighting battles on which just shouldsome should should add to the uncertainty of the market. So why is the market able to drown out all this talk . Scott is joining us. You are having a pretty lively debate. Weigh in, what do you think the press conference today, i try to break it down and say what does it mean for the economy and i would agree with a number of your panel in which is nothing get being done certainly not going to get much done here in washington in 20178. I think maybe you see some tax things in 2018. 2017. I think maybe you see some tax things in 2018 but a mistake to tie individual and corporate together so i think what is running the market or at least keeping it up right now is Economic News that has been below expectations which means maybe the fed wont do three rate increases next year youve got a little bit weak dollar and then really these International Economies are looking amounts bi little bit br but other than that, were in the pullback camp. We think at the end of the year well be 5 , 6 lower than where we are right now, but i dont think the cycle is over. So basic question bh what is baked in in terms of taxes . Nothing . I dont think anything at all is braked in on taxes. Nothing at all so if there were to be some kind of tax package, the market could go higher . You know, you could make an argument that if it was not revenue neutral, that and we had tax cuts that the market could work its way hirks bhighe think anything that passes is revenue neutral and that takes steam out of things. So what do you do here . I think what you have to do is for one, you need to stay invest the because as i said, i dont think the cycle is over. You want to really see lets call it a 5 to 8 pullback, i think that is an opportunity to buy because retail clients many of them have way too much cash at least in our opinion. And want to lean towardthose cyclical sectors so industrials, financials, consumer discretionary, you also want to be overweight health care you dont want to get defensive here yet and i do believe that to really get beyond 2018 and into 2019, you need some kind of fiscal push out of washington but not sure were going to get it so we will look at things roomiroom i rolling 15, 18 months. And at some point the cycle will come to an end. Room rolling 15, 18 months. And at some point the cycle will come to an end. Oom rolling 15, 18 months. And at some point the cycle will come to an end. M rolling 15, 18 months. And at some point the cycle will come to an end. M rolling 15, 18 months. And at some point the cycle will come to an end. Rolling 15, 18 months. And at some point the cycle will come to an end. Rolling 15, 18 ms and at some point the cycle will come to an end all right scott, thanks. What did you buy today well, we talked about my croon yesterday and some names i still think some of these chip stocks are put in the short term bottom. Names i still think some of these chip stocks are put in the short term bottom. Yesterday and some names. I still think some of these chip stocks are put in the short term bottom i think my croicron is an enterg play nothing im on the market and i tried to trade stocks and im long the market but scott said there is no reason right now to be out of the market and so i understand that when you think about the conditions that are positive for equity returns, low rates, weak dollar, low commodity prices, a market that just doesnt care, the economy is plugging along, we know that there is Global Growth there, it all makes sense. And is that one of the reasons why weve traded for months with low volatility, but with a kind of Slight Movement to the upper right. So to me, i get it no panic but let me tell you this, two years ago on this very date, i think the whom most investors were pretty komt police acom pl then a massive downdraft and nothing different. Placent an a massive downdraft. And nothing different. Im not buying anything. Pretty a massive downdraft. And nothing different. Im not buying anything. For me the action was in the currency markets retail sales number got the dollar going so i think that ultimate can buy Something Like the dollar, uup is like a hedge because to me the biggest risk to this market is everything that dan just said is driving mart ket. We had a weak dollar if the dollar starts to get stronger and the fed is back on tap, if you get that type of momentum going, then that will be a headwind to the market. So as a hedge, why not buy dollar im long in the market. Its not overheated. Is the world growth strong yes. He mentioned all the names he like most of which have great when you look at them fundamentally those are strong companies. Micron, western digital, facebook there is a lot of very impre impressive stocks on that list valuations are not very high today i had an opportunity on a koou couple of things i jumpged back in to coke. I think that is a took that is breaking to the up side. And lululemon. I think that is one of those survivors in this retail market. That is a perfect tease for what well talk about. Still ahead, the retail wreck is raging on and there is something happening with the group of stocks today that could spell even more stubb trouble ahead. Plus bitcoin hitting a record high before taking a hit what level is safe to get into this crypto currency brian kelly breaks it down plus, a very different year for boeing and General Electric. The two dow titans heading in opposite directions and traders say one of the names is a screaming buy. Much more fast money right after this break when this bell rings. It starts a chain reaction. Thats heard throughout the connected business world. At t Network Security helps protect business, from the largest Financial Markets to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. Thats why at comcast were continuing to make4 7. Our services more reliable than ever. Like technology that can update itself. An advanced fibernetwork infrustructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Check out the retail wreck today. The retatail etf getting whacked and december sigspite a beat, ht shares are sinking so is this a sign of a crack in the socalled fortress Retail Stocks did you hear what happened on Dicks Sporting Goods call the ceo says his competitors are in panic mode, they are doinger ration at al pricing sounds horrendous. Sounds like a bottom. T al prg sounds horrendous. Sounds like a bottom. Al pri. Sounds horrendous. Sounds like a bottom. Al pricg sounds horrendous. Sounds like a bottom. Al pricg sounds horrendous. Sounds like a bottom. When people are panicking, thats what i want to go in. So who can buy it cheap . Who can benefit from the fact that you will have everything coming on market tjx, i think that is the place you go look at how it performed its held unfairly well. They will get a lot of merchandise for cheap. And all these other companies will drive themselves into the ground last time sentiment got this bad, if you bought at that moment, you made 20 eefr the next so dont rush this. I know you dont watch the show that often nor should you youre a very busy woman but dan for quite some time now has been saying correctly i might add that the xrt is the worst looking chart i think he said that hes ever seen dan to you there are obviously pockets that have acted well walmart is up 17 on the year. Costco before the whole foodsam ston deal was trading at an alltime high. So now were seeing things that are supposedly amazon proof with cracks and the xrt trading at multiyear lows so i think you sell every rally and if walmarts report as good number and it conditions go knct up, it cant go lower. Xrt, there was a point that if you bought it at this level, you made a quick 20 . Cant go l. Xrt, there was a point that if you bought it at this level, you made a quick 20 . Go lower. Xrt, there was a point that if you bought it at this level, you made a quick 20 guidance like dicks for a while, i think that stock is grim death and weve discussed that so i wont foul fall for that but there are retailers that may have longevity i will tell you this, you mentioned is there is a level to trade the xrt 38 was the low give or take beginning of 2016. Thats effectively where we are now. But youll really a guy named napoleon a little bguy. And it will end badly and i think the trade is look at some of the off priced retailers. Im in walmart, i will be out of walmart because my concern is exactly what dan said. They reported a great number and the stock goes down. What if that stock continues to move to the up side i still think there are other names that are proven that are amazon proof one is best buy. Just off of the 52 week high still hanging right there. Heres what is great about them. They price match 24e6 t they have the geek squad they continue to grow their online presence, as well that is a company that has taken on amazon and others will do the same i think walmart is in the same position they are doing what needed to do, but they have been building this for a while jet. Com was a huge acquisition because it put them square into be able to attack. Okay. Still ahead, just moments ago, amc slamming netflix cofounder movie pass announcement saying that the 10 a Month Program is, quote, not welcome here. Well tell you what it means for the struggling theater chain what is this good news bad news well, tom, a little bit of both boeing is soaring. While General Electric is getting left in the dust the traders weigh in on which is the best buy now plus, its bitcoin boom week each day fast money is talking to top investors and taking all your bitcoin questions even the ones youre too afraid to ask so tweet us at cnbc fast money and well try to answer it when fast money returns come on, fcc come on, get with it move it. Bring it welcome back to fast money. Traders are betting on a huge move for one dow stock reporting earnings well give you the family and name and how to play it. And Goldman Sachs says briitcoin could plung