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Investments ever. Were closing in on new records in the markets, this amid new optimism for that potential china u. S. Trade deal as you saw stocks are set to open higher. And the tech lash heads to the states a major multistate investigation into antitrust practices at google, set to be announced later on this afternoon. David, kick us off on t. Interesting here. In so many ways. 3. 2 billion as you said the stake from elliott, the largest single investment i believe they made at the company, a long letter comes out this morning detailing the reasons why this could be a 60 stock within lets call it three years or so, 2021 is what theyre talking about. 65 or so upside to todays stock price. They believe 5 in dividends and 55 stock price, you could get to 10 earnings per share grower with significant margin improvement, what theyre calling for. And buyback. Something i want to make sure people understand here, it is interesting, people who know the company well, but sort of are vaguely ....
Mathisen. We got this close early today, fed chair powells seen as dovish and then hawkish sending yield on a wild ride. Tesla tumbles following results from elon musk and several analysts cutting their price targets an one of the biggest bears on the street. We will. Tyler, lets get a check on the markets. Dow fluctuating all over the place, down 38. Down across the board on the major averages only by a bit. A quarter point for the s p, 4305. Rick santelli saying because the twoyear yield has backed off since we heard from chair powell given room for stocks to initially turn higher although given up the gains now. And the long end might be the culprit for that. The yield on the 10year like tyler said, see the spike around 1 00 p. M. Eastern almost touched 5 , 0. 004 shy. Elsewhere, netflix shares like yields, what yields. Were up 15 . Higher prices, password crackdown seems to have put the company on a growth trajectory. Shares up 16. 5 . Well get more coming up in three stock lunch. ....
Ahead this our. Im melissa lee, coming to you live from studio b at the nasdaq. Our guest trader tonight, Katie Stockton of fair lee strategies. And we start off with the newest milestone for Interest Rates. Yields on tenyear surging part the 4. 6 mark, getting closer to breaking above october 2007. The benchmark rate is up 1. 4 Percentage Points from its april low, massive move. The rapid rise in rates taking a particular toll on a few sectors. Real estate, utilities among the hardest hit. And while stocks closed off their lows of the session, the attempted rally lost some steam so, how worried should stock investors be about these rate moves . We like to play a game i love games. Here on fast money, where i would say, imagine if yesterday i told you this would happen, what would the markets do . If i said to you, gu ....
Cofounder, welcome to you busy day, good day to have roger on the set another record setting day on the street biggest gain for stocks on tuesday. Rally being driven a lot by tax reform optimism. Bitcoin stealing some part of the story surpassing 11 k less than 24 hours after breaking 10 k. It has backed off that price were learning nasdaq is reportedly planning to launch Bitcoin Futures in the first half of next year. Thats according to dow jones. There is a lot to tackle roger, bitcoin news rortation between sectors as people watch this tax bill advance. Whats the lead for you. To me the bitcoin thing is a phenomenon at this point its really hard to know what to say. What do you do when the thing is going up 10 a day, whole asset class going up 10 a day, youre obviously not doing this on fundamentals theres a lot of enthusiasm here to me what really matters is where does it land what role is it going to play in the economy goin ....
And a special guest, cnbc senior contributor larry kudlow your money update very quickly right now. The big cap indexes of your fractionally, not a whole lot. Smaller cap names, visavis the russell 2000 are down very slightly just quickly before we get to larry, John Najarian and the overall markets, starting to see a couple of trader notes suggesting maybe this rally might pause a little bit heading into the new year for a few different reasons. Your thought on the macro markets. Sure. You could see that pause that refreshes, brian, and indeed it might be just that but i think a lot of people are very happy with the year they have got so the likelihood they will more or less keep the hands in the boat rather than reaching for something out there, that could be happening here. And obviously what were going to be talking about with mr. Kudlow regarding the tax bill implications, weve already heard a little bit from some corporations ....