22 Burst results for "Tom Lee"
US Economy Only Added 266,000 April Jobs; Markets Rally
"The april jobs report a total bomb payrolls growing at a fraction of what was expected and the unemployment rate taking higher. So what did the market do. It rallied of course many seen the weak jobs report giving the fed coverage remain dovish for longer the dow and closing at record highs and nasdaq also moving higher. The reflation trade was really driving the action today energy industrials materials all rallying strong into the close. Check out the moving. The oh oily. It gained nearly five percent today closing of session highs. And even some parts of the tech trade held up. Semiconductors software names also rising. Today's session outperforming. The broader nasdaq. So what do you make it. Today's action on the back of the biggest jobs miss in more than twenty years. Tammy i'm not sure. If i told you what the outcome of the jobs report was you could have guessed with. This market would have done today. Well i know that the market likes bad news is good news and so let's break out some new kids here because we're going to do a lot of that tonight. I mean you know it's hanging tough and it's hanging tough around the concept that the fed certainly is not moving away anytime soon so Big biggest missing in twenty two years or something in terms of a payroll number. The bottom line here is if it gave ammunition gay. You'll you talked about energy. We've talked to energy all week. Was tom lee or paul. Sankey i gave you my energy basket e oh og up about fourteen percent this year slumbers this week this week. Slumber j. up about sixteen percent this week. Cbs up about seven percent this week. Energy copper prices. All time highs. You were you. Were berating me for yelling on twitter about copper prices just recently. I'm telling you commodity prices lumber prices food prices. It's great for investors in those sectors may not be great for consumers may not be great for multinationals and the input prices we started to talk about that with automakers with housing with even some of the industrial plays like a whirlpool and input costs there but but look markets at all time highs dollars weaker entire complex global markets also emerging markets. Catching some fire this
Pro-Trump mob storms the US Capitol, touting 'Stop the Steal'
"In washington censoring social media. Content and corporate. America speaks out leading today's news. Congress has formerly confirmed the election of joe biden as the sixth president of the united states after rebuffing efforts by a small group of republicans to object to the acceptance of electoral college winds for biden in arizona and pennsylvania. The house and senate began the process of counting electoral college votes wednesday afternoon but the preceding was interrupted for about six hours by a mob that stormed the capitol building. The count resumed at about eight pm. But that was after a woman was shot and killed by capitol police while three other people died for medical emergencies. Day or historic day for american democracy. Maybe a bit of both while the mob delayed presidential certification and lead doorbell violence. It didn't stop the process or institutions and lawmakers. Were able to reconvene later that night. Some other happenings. The second of two runoff elections in georgia was called in the democrats favor handing 'binding control of the senate and solidifying his economic policy platform. Both jon ossoff and rough high warnock lead their opponents by more than the point five percentage point threshold for a recount triggering. A blue wave to descend on washington. How did the market respond. Trading was largely unaffected by the chaos at the us capitol and ended the such mostly higher on expectations of more robust stimulus. Package tech fell back. The possibility of antitrust legislation though futures linked to the major averages all powered higher overnight. I think the reason the markets are flunks. Is it's not going to change. The transition of power said tom lee of fun strut global advisors the ten year treasury yield also broke above one percent for the first time since the pandemic began in late march sparking a rally in the banking sector in other news. The disarray seen in washington. Also shift online. As both twitter and facebook suspended president trump from posting on their sites it marked the social media industry strongest actions to date to rein in controversial content citing risks of violence and repeated and severe violations of their policies. Twitter which luck. Trump's account for twelve hours also warned that further violations of its rules could lead to a permanent suspension. What happened the platforms have been labeling election related tweets by trump since november which made declarations of victory and claim. There was a plot to steal votes. The final straw appeared to be a video circulated by trump in which he described those who showed up for the rally as very special called the election. Fraud hewlett and said. He understands how the protesters feel. It was a landslide election and everyone knows it. Especially the other side he added. But you have to go home now. We have to have peace. We have to have law and order thought bubble. Censorship concerns over violence were raised during a recent. Us senate commerce committee. Hearing when twitter's dorsey was asked how supreme leader ayatollah ali khamenei of iran was allowed to glorify bloodshed in many of his tweets without eighty tc downs his response we did not find those violate our terms of service because we considered them which is part of speech of world leaders in concert with other countries speech against our own people or countries on citizens we believe is different and can cause more immediate harm outlook. Some appointed parlor is a free speech focused alternative to the giants of silicone valley. The service leaves virtually all bought a ration- decisions up to individuals collects almost no data about users and doesn't use content recommendation algorithms it shows users all the posts from everyone they follow in reverse chronological order. However many that have immigrated to the platform have continued posting on twitter. Raising the questions of whether parlor will eventually fizzle complement or replace larger platforms with much bigger audiences business leaders and trade groups including the us chamber of commerce business. Roundtable and national farmers union are calling for the peaceful transfer following the turmoil seen the us capital. Since the start of the week we've already heard warnings. Prominent company leaders have cautioned about challenging election results and undermining economic stability motivated in part by the desire to get members of congress back to focusing on repairing economy. that's been shredded by the pandemic. They're saying the insurrection that followed the president's remarks today is appalling and an affront to the democratic values we hold dear as americans there must be a peaceful transition of power said blackstone. Ceo steven schwartzman. One of mr trump's most loyal allies on wall street. This is not who we are as a people or a country added j. morgan ceo jamie diamond. While apple's tim cook said it marked a sad and shameful chapter and called for those responsible to be held to account the head of the national association of manufacturers a group representing fourteen thousand companies in the us even called on vice president mike pence to seriously consider invoking the twenty fifth amendment to remove trump from office response. Even though i totally disagree with the outcome of the election and the facts bear me out. Nevertheless there will be an orderly transition on january twentieth. I've always said we will continue our fight to ensure that only illegal votes were counted. President trump tweeted through the account. A could be no white house director of social media while this represents the end of the greatest first term in presidential. It's only the beginning of our fight to make america great again
"tom lee" Discussed on The World and Everything In It
"Tom lee wanted to rebuild in paradise yet she knew it was going to be a long expensive process. One day she saw an ad for a house near paradise the house looked like one timely had sketched aaron dot weird. Feeling that you get you kind of like you're gonna cry because it feels like god did this. Because i would've. I would've never found this lake. The death which is moved in april twenty nineteen almost six months after the fire. The families all say they continue to grieve. their old lives their homes. And the things insurance. Can't replace for the harp kids. It's been a slow adjustment to chico. They miss their home. Well a lot of his promises but the kitchen was really like. We spend a lot of time in the whole entire house where the kitchen was huge. It was open. It led to the living room into the dining room creek and used to play down there a lot and i loved it down there. Tanya donny state family worship prayer and some really long talks of helped the healing process music. Been a big part of our lives In paradise And continuing that continuing worship creates that feeling of wholeness. I guess twenty. Six thousand people once called paradise home two years.
"tom lee" Discussed on 600 WREC
"You know me I I try to be accurate I made that that's my purpose I want to know here in Memphis Tennessee what would possess and I talked to policemen who were known in Tom Lee park and down at the river they said several hundred black folks this is what pissed off the mayor several of my closer down even some we're barbecuing and partying what would possess them there Andrew you had this no no no no no I'm going if if if if those black folks let me tell you how this is going to go if those black folks now catch it some of them are going to set a world award Manitoban a bull you're going to read the if you go around and tell me parking you know partying and you you can't sell your kids get you you go go blame the white man evil white men created this but making sense because some folks on on your end as well I don't I don't agree with that I don't relive the same I think that what should have happened with the mansion to simply stand there and have them dispersed the crowds instead of allowing her to compete continue because I understand you'd expect it's nice out it's nice out some close just one does that at the river they want barbecue in a window or any of that and you don't always get a crowd especially low class if they feel like no no remember you said low class I didn't they are they are members we're going to take some major I went into a subway off of highland and I had got some for somebody else okay can I use the bathroom well bathrooms are fair because without picking up food but it was for somebody else also what do you think of me here don't pick it up or whatever it was for somebody else I'll be all special super down here you know that and that's what I mean by a local at you got low class people they do not think outside they don't think the minimum no no put him put him on hold well I'm gonna put you on hold we can take a brighter it is eleven forty six Andrew Clark senior would colors I just don't understand never spoke yeah you some of you black folk now but some of you are crazy as hell young got out that both will barbecue and dancing and partying when you've been told distance I can't I can't I'm not gonna make you Susan but I talked to Nicholson about it we'll be back stay with us it's six hundred W..
"tom lee" Discussed on 600 WREC
"Plus what's going on right now to prepare Tom Lee park for Memphis inmate that includes Bill street music fest. The barbecue contested more Daniela down ski with Memphis in may joins us. But let's get started Jimmy talking about something that could affect Memphis in may and something that definitely could affect Tom Lee. Parks topic. We've talked a lot about in recent weeks that proposed redevelop. Element of Tom Lee park. We got news earlier this week. Governor Bill Lee in his budget wants to give some money to that redesign. Yeah. The daily meant the Brockton news, and it was interesting. The governor has submitted his supplemental budget for the year in part of that supplemental budget with ten million dollars for Tom Lee park renovations now from the article they midfield and from what sources of told us that request to the governor came from their Strickland. Samir Strickland has requested Tim million dollars to go to the redevelopment timely part. Which is really interesting being the fact that mayor Strickland is the one who told Emaar PP. Memphis river park partnership Amphissa may to go to mediation to work out their issues on how to fit everything in the park, and what the design of the parks going to look like. So before we even know all that was going to be the mayor has asked exposed to go to mediation is getting ten million dollars for. One of the parties in mediation. So it's it's interesting to see what's happening. The news is broken this week about that. And we'll see what happens over the next couple of weeks as I mean, Memphis major around the corner. So they've gotta make decision here shortly. And I also would dare say you remember the original date. We were given as they wanted to turn shovels when the month of may end in all of the festivities ended. I would say that would have to be up. That's probably a hard call to make now I don't know I'm not in on the planning. But I would say time is running out of plan. Time is running on June was opposed to be win the shovels. We're going to be turned on the project per day, the article what we've heard they've only raised between the Tim million dollars in what they've raised about forty million of the sixty million dollars need for the redevelopment. So my question is are they gonna start the redevelopment without money in hand. Where's twenty or so million dollars gonna come from? And this is going to put in limbo. What's going to happen? Not just this year twenty nineteen for the construction, but actually were already going to be looking at twenty twenty where is Memphis mega or we're going to have construction going on these. I mean, it's it's gonna be interesting. It's going to happen over the next couple of weeks..
"tom lee" Discussed on Newsradio 970 WFLA
"Line Hillsboro, eight six six five four five ninety five ninety five week dub informed. Just say Alexa, set my alarm to play nine seventy WFL a every day at six AM eight twenty two on AM Tampa Bay, by the way, talking about the walk of fame. Our other seemingly endless effort to get the state bird changed from the northern. Mockingbird to a sea bird and allowing. Florida school students to the side, which seabird it would be whether the ISIS Flamengo, whatever it might be. And I think who'd we decide we're going to try next Tom Louis Senator, Tom Lee. We'll try to get Senator Tom Lee behind the project, and he'll have to get a co-sponsor over in the house, but Jeff Brandis kinda it let us down didn't get anything done on that. And this is this will be a legacy of whoever gets it done unless kids want the northern Mockingbird. Well, I don't think they're gonna want the northern Mockingbird. The northern Mockingbird kids aren't there little smarter than Cossio Cortez? Donald think that'll happen. You're saying you call a kid in idiot. If they voted for the northern Mockingbird, I think so that would be the case, by the way note from George Karl, and this is in regard to mayor Rick Christman, and Michael Bloomberg the former mayor of New York, and the billionaire came down and gave two point five million dollars to fight climate change here in Saint Petersburg. I know. That's my reaction. Why what who cares because listen, it's their money. Right. I know I think it's great. I mean, he wants to dump two and a half billion. But the point is is what is Christ's when going to spend it on to change the climate probably more testing and more scientific research. I mean, the one thing you're trying to do is to get to renewable energy. That's a good idea because ultimately it can be cheaper for people. But I mean, solar panels and stuff like that. But it ain't gonna make one doodle squat difference in the stinking climate. And Rick Christman mayor Rick Christman, if you think you can make an impact on the climate you belong in the same category as oh Cossio Cortez. You're an idiot. Why don't you just why can't we accept the fact that they can do their research as long as we're not spending money for a Cossio Cortez wants to tax the top tier? That's that's absurd. Listen to Bloomberg comes down here and wants to give some money his own money for that. That's fine. Oh, Michael Bowers. I didn't realize we needed to get him out here, the MDC NewsRadio reporter, and we've got the government shutdown. I think it's day seventeen. Now that right Michael day seventeen feels like just yesterday, we started this whole thing doesn't it? And he says we will go for up to a year if necessary. Yeah. I think he'd be willing to go over here. Frankly, if that's the case, I mean, right now there is that we are no closer to getting into Goshi and getting a deal and President Trump getting the money that he's hoping for from Democrats than we were when this whole thing started seventeen days ago. I mean the had negotiations over the weekend you had vice President Mike Pence involve them yet. Jared Kushner involved in them yet Pence flying out to Camp, David talk to President Trump and then come back with paperwork for the Democrats. And through the end of it, all I think, Mick Mulvaney. Put it best when he said, we're back at square one. We have no nothing really to show for these negotiations and we're back at square one. And it's kind of tough when you have President Trump was trying to be optimistic and saying that the ETA productive and very very good meeting on Friday with top Democrats. But then you have Nancy Pelosi going wall hold on a second there. Pump the brakes because she's calling a contentious she's saying that President Trump dropped the f bomb a few times during that meeting, and we're kind of at another level where they can't even agree upon how the meeting went down, let alone the content of the meeting and getting to a place where we could negotiate this process. But that said the president sort of. Educated again that he would without providing any specifics on where the funding would originate he would possibly declare a national emergency is an alternative way to build the wall and legal experts over the weekend saying, well, if the president did that he would face a legal challenge where the courts would demand that President Trump would point to legally what he believes the emergency is that he's talking about. And right now that could be tough because you got a very own department of homeland security not indicating that there's an emergency at the border at all in the State Department, even indicating that there are no international terrorist organizations operating in Mexico, and no evidence that terrorist groups have targeted US citizens in Mexican territory. So it would be hard pressed to indicate that there is some sort of an emergency at that border. That would require the emergency action to the president is talking long standing emergency. And if you talked to the sheriff of Yuma county, Arizona. Which is a huge county. It's about the size of Connecticut. He will tell you. There's an emergency. Because I think it was ninety crimes committed by illegals in the past year there in every kind of crime, and they're having a helluva time. Trying to deal with these illegals coming in there and doing all kinds of bad things. And that seems to that that would be certainly the president could point to that. But it goes against directly what his own State Department report purported for the past year, and that is department of homeland security statistics that have kind of deemed that. So again, it's going to be and again does ninety deem emergency for the entire southern border. I don't know that if you the one thing you don't want to have happen is you don't want this to get to court because if you wanna hold this up for much longer period of time in any point in time for a year, then put it in the court cases. That's what's going to happen. So it would seem as though there will be a tough fight going forward on that front. Again, the president could do it. He could bypass congress on it congress if he were to declare an emergency. Congress would have to stop it on a unified front you'd have to have both house and Senate approval to stop him from doing that. And it doesn't look what happened right now either. But in the end of the day, this could be a huge legal issue that I don't have the president wants to deal with right now. Well, we appreciate your joining us this morning. Michael have a great day. You gotta guys. Enjoy yours. Michael bauer. NBC News Radio reporter at eight twenty eight on AM Tampa Bay. Sean Hannity morning minute. I'll explain it to you. Brought to you by moss. Nissan dot com. Turn up your radio. Here's a Sean Hannity morning. Minutes every bit of security that you think you're getting from your government every single thing they won't give you you. Give up your freedom. And you give them the power over your lives to the point where politicians in New York decide you can't have a salt shaker. A restaurant. You have to ask for it. Or they decide the size of the big gulp. You can buy you can't buy a big gulp because they determine it's not healthy for you. If you have freedom, and you take your God given talents in that environment with a desire to produce goods and services that other people want need and desire and take advantage of the freedom. That ninety percent of the world doesn't share with us and use it to your advantage. Everybody. Check out the Sean Hannity radio show later today right here. Let.
"tom lee" Discussed on CNBC's Fast Money
"Floodgates of all these other series of names that we talk about from time to time, which is why so many names, I think you've seen the contraction there because people are looking at them right now. And they're just saying look if they can't provide us any vision, I don't wanna be in the stock. And I think a lot of people have been selling point is it in this. What has been going on enough as nothing going on though for three or four months? Don't think we have persistent. It's been persistent. It's not like they've stopped. I mean when you look you mentioned volatility. I don't think we see a break in volatility until we get some answers to this whole trade war thing because we're moving to percent -oday whether we like it or not and that means the victory trading thirty two so trading at twenty five right now, it's a discount that gives you a little bit of an idea thirty two fix correlates to. Sent move daily. And if you put in the intraday moves that we're getting it's far more than two percent. We are seeing extraordinary moves every single currencies last night really tell you you're getting and these are two and a half three standard deviation moments, which just means in your your bell curve. These things never happened. These are the liquidity asked could look at the chart of the tenure I think we have one when you look at the volatility that we've had since the taper tantrum. The last time the ten year yield was at three percent was two thousand thirteen early fourteen look at that chart right there. We just broke that up trend that had been in place since what a lot of people were calling a generational low a couple years ago, and when you look at charts like that tick off the ten year yield, you say, okay, we just really might have hit a major inflection point. And I don't believe that the ten year yield going down right now where it is. If it goes back towards two percent. I do not think that's good for equities. All right. Our next guest says apple is just the tip of the iceberg and earning season is going to get ugly. Let's brand fund straps. Tom Lee, Tom great to see you again, happy new year to you of the last time. We spoke was approx. Two or three weeks ago when you said that you were looking for ten percent rally in the s&p five hundred going into your end. And so what what what has changed you to the point where you say earning season's going to be ugly. You know, this year may not be that. Great. Well, clearly, we were hoping for a rally into your end on seasonals. It didn't happen. So, you know, it's been unfortunate. But we weren't really thinking twenty nineteen was necessarily going to have a lot of tailwinds. I think. A lot of things have happened in the last couple of weeks. And I think probably the deadliest thing has really been with the feds done. I think the fed is really undermined liquid markets confidence about how policy is seen. And I think that's really worsened trading dynamics, Ed more so than tariffs. Yes grade. Because in the sense that trade dynamics can be arguably transitory, right? So in other words, if you have terrorists that are hurting visibility once you get resolution sort of there's pent-up demand. But if you tightened financial conditions, you force people to liquidate positions, you force shrinkage you starting to see some of these chaotic moves across a lot of markets. I think that's very damaging his now that takes a lot of time to fit. China's economy is is. Falling apart deteriorating simply because of the trade war in that once that is removed that that economy will actually be okay. Like, there's a whole other separate situation going on in China, which is being exacerbated by trade tensions, but may have already been in effect even prior..
Is there an end in sight for Crypto sell-off?
"More on bitcoin selloff. Let's bring in Bart Smith the head of digital asset at Susquehanna here on fast money, we do. Call him Wall Street's crypto king. Bart. Great to have you with us slow is this capitulation? Have we found a bottom or close to bottom like where are we in this selloff? So there's a couple of factors that have led to this number one the own ramps for new capital, very difficult. Right. And so if you're one hundred worth person in the western world or your global institution, it's still very difficult for you to buy bitcoin the way that you might want to write a wealthy individuals from the generation is not going to take a high resolution picture of their of their driver's license and Senator website and send it money that right? They wouldn't invested fidelity they want invest it Bank of America. So that has led to the second problem, which is without the new capital on liquidity has been very well. And so we've seen kind of a stable price all through the summer. We've talked about it a nauseam on the show. It was at six thousand dollars give or take. But volatility got really really light at the end of October the ten today realize vault was like nine nowhere. Yeah. And so, and so what happens isn't that environment? When you have a contentious fork, right? Like you had bitcoin cash, and you could say that those two constituencies conduct to another might be defined as. Juvenile right? And it doesn't necessarily create a tremendous amount of confidence. And when those sellers come in. There's just no liquidated to absorb it. So without these new on ramps that hopefully with backed and fidelity and further regulation twenty nineteen. There's not gonna be capital to soak it up, and so when you have sell offs like this, you can't absorb it. Is there a fundamental case for bitcoin that can still be made at this point? I mean that the case for store of value seems to be a hard case to make at this point. And also the thinking that bitcoin is a platform and that if it's built, and it's being used the price go up that doesn't seem like it's a good argument anymore either. We'll get and so the the situation KOMO to design this this algorithm said that the last bitcoin would be mine in twenty one forty four reason this is supposed to be a long game. Right. So there's a lot of talk today about the thanksgiving table a year ago. And yes, bitcoin was at eight thousand but the thanksgiving for that seven fifty and the face giving before that it was a three fifty in twenty ten someone bought two pizzas for ten thousand bitcoin that. It would be worth over forty million dollars. So I understand the price action. If you bought the day, the futures were launched in December two now has been pretty painful, but listen every great idea is volatile right Amazon, which we talk about over and over on the show. It went down to ninety five percent from one hundred six to six dollars and people wrote it off as being debt. So I think that that. Yes. The price action has been difficult, but the idea of having a peer to peer sovereign non-centralised store value or peer to peer a cash is something that's been desired for a long time in the price action from now until the end of the year. We're Tom Lee may or may not be wrong or into next year is not going to define if bitcoin is successful.
Fast Money 10/31/18
"Tom Lee put on an interesting note this morning, highlighting when. The most oversold sectors cracked the way, they have they get deeply oversold. They tend to snap back and we're starting to see that here now. So what are you buy? I still like charts that are in better technical profiles. There's lots of names you can buy are dumpster stocks or deeply oversold, but here's Conaco in the energy. Patch really hasn't broken down. This is a daily chart it only goes back a year and a half. And it's sitting at some very important price support right at its two hundred day moving average in the starting to hook up and you're starting to see a little bit of relative strength. So that's an interesting name in a beaten down sector next that we look at the industrials. And these are all stocks that rank very highly on our quantitative models. Sam doctors model these are all in the top quintile, and here's Norfolk Southern so again, you could dumpster die. But here's a stock. That's corrected back into a lot of support rate to the two hundred day, and that relative strength is starting to hook up as well. So good looking charts. Still enough trends bouncing off the two hundred day relative strengths improving. I think those are healthy names. Looking at within these beaten down sectors. And lastly, well, this is a weaker name. And this is a weekly chart going much farther back two thousand fourteen Air Products. Again, highly ranked on our quantitative model run by San doctor off the two hundred week moving average the four year moving average, and you're starting to see very early signs of a positive divergence. So those are three names if you're looking to be buying into sickle area. Those the names I'd be looking at. All right. Rob bunch of come on over. Stephanie O'Brien Charing. Thanks deafening. Shoving. So in terms of seeing these sectors as do for some sort of a bounce seem to paint a picture of a strong economy or strengthening Connie on the bounce on the or saying that these sectors are going to bounce materials energy and industrial certainly in longer term downtrends. I think we wanna be I wanna separately. Technically, the difference between stocks and sectors in downtrends, deeply oversold and staging oversold recovery rallies. But I think last rate in the year end possibly into the first quarter seasonally strong periods of time. So very depressed almost like a beach ball being pressed down. They pop back up, but I'm not convinced sustained leadership in two thousand nineteen. We're I'm still concerned technically on the whole market cycle that began in two thousand sixteen is fraying you're starting to see lower highs. You're seeing trend breaks develop across emerging markets EPA cyclical sectors like financials and industrials. So a tremendous trade, but unlikely sustained leadership from technical stamps.
Liam Payne, Peretti and Elvis Durant discussed on Elvis Duran and the Morning Show
"Tell us of to know that she is in the movie broad for the Broadway musical cats, right? So I'm hearing that they got her an acting coach now originally
"tom lee" Discussed on CNBC's Fast Money
"There's a great article on ilan's battles with the media including this one still ahead it's the einhorn exodus investors are fleeing the billionaire hedge fund at a rapid rate but are any of the names this portfolio work second look we've got the details i'm melissa leo watching fast money on cnbc first in business worldwide in the meantime here's what else is coming up on fast it's not out of the question that it could be over twenty thousand by the end of the year crypto king tom lee shocking the world with a surprisingly bearish comment on bitcoin but tom says you got it wrong he's still a bold and he'll be here to clarify plus last time karen pitched the stock it rally twelve percent in three months now she has a name cheap thinks we'll do even better that stock went best money return welcome back to fast money bitcoin is backed the cryptocurrency rallying ten percent in the past week despite a late day sell off let's get to our office on the new york stock exchange for all the details hey bob hello melissa used to goodness mussa's white bitcoins up about ten percent in the last few days they've dropped quickly midday that's a little mysterious it's not clear exactly what happened here in the middle of the day now some note that electron payments company square has withdrawn its application to get into the banking business that's according to american banker that was a big new deal back in june new york financial regulators granted square the goahead ahead to allow new yorkers to trade crypto currencies on its cash at so today's drop maybe due to concern that they may be less future volume in cryptos now there's not much good news for bitcoin recently folks it broke through the psychologically important six thousand level you know that last week that happened it's still in a long and even short term downtrend in fact the last there really was a rally of any note was way way back in april when bitcoin went from about seven thousand to almost ten thousand in about two weeks but that's done anything since then on the upside now there've been some reports that volumes on some exchanges have increased in the last few days as bitcoin has come back a bit now that may be true but a few days is a very short time horizon and a lot of these foreign exchanges have shall we say questionable monitoring tools i'm being kind when i say that watched volumes at coin base that's what i do this is the largest usbased crypto exchange now if you just take a look at the dollar volumes look here the last few months they have been clearly on the decline it's doubt about eighty percent from the february levels ju levels and it's down four months in real you can see that clearly here's what i want to see let's see if we can at least get july levels from dropping over the june levels just bottoming out at this point melissa would be a victory back to you all right thanks bought the sanni at the nyse our next guest sent shockwaves shockwaves across the crypto market when he made these comments on cnbc earlier today bitcoins historically traded at two and a half times its mining cost so it's not out of the question that it could be over twenty thousand by the end of the year now bitcoin would still have to rally over two hundred percent to reach twenty thousand but the twenty thousand dollar comment was interpreted by some as a sign of bearishness now we may remember even as bitcoin is plunged calmly stood by twenty five thousand year end price target for bitcoin tom though is back to say reports of his bearishness have been greatly exaggerated tom thanks for coming back it did take me about i was there at on spock box with you this morning and it did take me about when you said over twenty thousand senator saying twenty five k so do stand by twenty five k well i do think it's the first time ever heard someone thinking something could triple is a bearish compass right i may have misspoken a little bit i think what i was trying to illustrate was that given where reminding cost will be and applying the historical average of two and a half times mining costs that would imply fair value over twenty thousand roughly twenty two thousand so i don't you know we still think bitcoin can reach twenty five thousand by the end of the year or something like that but it still huge move from where it is now.
"tom lee" Discussed on CNBC's Fast Money
"As bid point bounces up matt tom lee the man who had called the rally is back with an even bolder call on the cryptocurrency that's next plus what's the only thing more interesting than bitcoin yup we and all this week bass takes a look at that crevice crazy and how you can profit went past money return welcome back to pass monte cristo investors everywhere biting their nails ahead of what many see as a key test or the crypto market tax say got more on this make or break moment for crypto bob and melissa bitcoins down four percent today but still staging a mini rally since the bottom the question is why is this happening bitcoin bottom on april six and about sixty six hundred after dropping from about eleven thousand in early march is a pretty steep descent since bottoming last week it's up almost twenty percent and one prominent theory for that march is that owners of cryptocurrencies who made money in twenty seventeen had to convert their coin in two dollars to pay their taxes well this sounds perfectly plausible but it's hard to assign how much factor it was in the downturn so i the cell up began in december the big sell off we didn't bottom until february so maybe tax selling was a factor as we move down again in march volume did pick up modestly as the march decline began indicating that there was higher levels of selling pressure than in months before that would lend some support to the tax selling idea but it could also just as easily be buyers who bought in february were discouraged when the market again went into a major downtrend in mart again hard to assign clear 'cause here finally even if tax selling was a factor it's going to take it a lot more than that to decisively turn the trend around just take a look here for those of you keeping track of technicals and i love people to trading on technicals we may be in a minor uptrend in the last week but look at this long term we are still in descending trendline from the december high and we have not yet broken out of that we have seen a series of lower priced highs since then that's a descending i'd say breaking that trend line and by the way we'd have to move up.
"tom lee" Discussed on CNBC's Fast Money
"Seventeenth less than two weeks away tax experts are warning investors that regardless of the amount of gains if you mind invested or use crypto currencies and 2017 make sure to report it to the i r s but as soon as tax season ends tom lee expect selling pressure to ease and crypto currencies to rebound melissa all right thank you see musty moldy back at headquarters well same adjust detailed a number of different crypto currencies but perhaps a simpler way of looking at it all the coin base index is basically the dow the crypto world attracts four of the biggest that trade on their platform and now you can access that on cnbc dot com the man behind it all his fast one friend and the president of coin base of here g now as a big announcement to make we will get to that in just a few minutes but we do want to start off with the overall environment because as it has been a pretty tough one so we were taught we were we just had this report about taxes and how there could be some selling because of that is that what you're getting from your clients of certainly had some clients for sure who contacted us to do large selling because of tax that that's absolutely going on as the main cause of what's happening i'm not sure i think i think they're they're potentially other causes too i personally get comfort of the fact that this correction has happened four times in the past right so if you look back at history of say bitcoin which is longest which is the longest running asset has been four times where it's corrected by fifty percents or more and each time there's being either six nine or sometimes three years between that and when he got back to the peak so we've seen this before not not that history is necessarily predictor of the future but whether it's tax whether it's something else this is not this is this is inherent in the asset class it runs up a lot and it corrects and i'm not personally i'm not surprised by that and i wouldn't be surprised if it came back pretty strongly.
"tom lee" Discussed on CNBC's Fast Money
"Lied in the meantime here's what else is coming up on the bitcoin polls back and top strategist tom lee says this is just the beginning of the crypto comeback he'll be here to explain plus tim same laureus cupping up to the plate with one stock that's a thirty percent in the past year and he says it's worth the gamble killed tell us the name and why so excited when fast money returns welcome back to fast money companies that have jumped on the blockchain bandwagon are reaping the benefits ibm ceo ginny romandie sat down with our own deirdre bosa earlier today and had this to say about its push into blockchain is a different company then ten years ago five years ago three years ago and so break out the pieces for one the new products and services and we did return to growth starting in the fourth quarter as you saw there in the point being forty six percent of what we make today our product and services are growing at eleven percent in our new to the ibm company and a strong pipeline behind locked in quantum strong pipeline mill of course blockchain this little small part of the company so is ibm really a bitcoin sox let's play a little game up fit coin soccer not with ibm so tim ibm west last one question that's not reality threshold no that's lame answer my own question that army with duck it why because again it doesn't break the material that threshold of mine because no one's going to give me one so.
"tom lee" Discussed on SOFREP Radio
"In the kind of shows where america's today um and must necessarily saying it's going to heal america but at least of gives people idea of what's out there and what's going on and what voices are out there so the show's base baseley based loosely around those concepts owners are filming next week that's awesome it have you have any questions about this type of stuff guys shoot them over we'll get them next but i was just going to say real quick that are dark gannon one of our writers went to one of the protest in dallas and it was like the anti antifraud people yeah clubs matter people the protrump maga make america great again and he said on the podcast with us which this was reported by the news that the antifraud people were fighting with the black lives matter people and that was kinda interesting to see it was because of one of the antipopular buoyed they called a guy in the black lives matter sign an uncle tom lee told like calm down stuff and you don't really hear about the used here two leftwing groups you don't think there's any ah in fighting like that but the anti the anti people seem to be the more violent of of the groups between them in black lives matter just based on what the dark said on the show with us actually he said that the black lives matter act of this was the one telling the ntv people to come down and yet when they he that's when he was called an uncle toms about free platt liebau it was like you're making us look bad you make it look better that i go through early whoa and you're not going to find that through centered reporting out it's very high so high level and that's where we i mean i hope we get in the mixed in a disaster like blind marais just like neurons that's just we got a wall in front of you in you're not trying to hear anything i said on arrival nieto show recently on you know he's a fox news contributor and i was like we all respect to fox news.
"tom lee" Discussed on Keith and the Girl Comedy Talk Show
"Play by tom lee jones a representative of the new owners arrives to judge whether the show should be cancelled it makes it clear that sounds terrible it sounds horrible but so it this is one of those great by critics aided by normal people anna because no one wants to seamen educated meryl streep kevin kline formerly jones woody harrelson lily tomlin garrison keillor made it all my josh john see riley lindsay low hanna i remember that in a big deal i recognize most those name say that's hughes's victory on the back wow wow i think i am you know what a remembering of something else i remember now uh she said high and i said high you look on i remember die and i mention looked like pretty now let you should fire me and i remember the i'm willing to step down and take three days to think about it yeah i'll be on a boat selma it doesn't matter when in i'm thinking about the people i hear say in what all these people come out right away a lot of them do in it doesn't matter and they lose their jobs and their looked at as being a hard framework how a and how tales hard to work with the i you have a this non my world but a famous metropolitan opera conductor james levin he he was groomed in a kid a boy from four years old then when the kids in his teensy eats able to get along with a mini stuck keeps taken his take out and he's being told for it multiple in a proper behavior in the met keeps them on it doesn't people are saying and they lose jobs and they get a bad rap.
"tom lee" Discussed on WBZ NewsRadio 1030
"The walmart app first we want a radio report to say you can make right now tan way the way you know i saw tuna with downright toxin wbz newsradio 1030 here we go gotta go to gene and ashland a gene and ashland next one nice i can't gloss talking books documents papers whatever you like go ahead gene hello you will notice oh really opic thank you i'm very glad that you have you so often every every week every wade i am that's as often as i could do it i take the weekends off well they quote unquote grad school oh art historian a yep next we quarrel about theory brooke i'll be ro ooh theory we're written by out who the armed of get out who need rare they considered rare but not terribly in the course is a difference between rare and valuable i mean of something can be really really really rear and had to get but if the person who wants to buy it is even harder to find then the doesn't have great value they they've sold enough copies in nowadays with the internet you can get them no they're not high priced the just interesting unusual and fun mysteries in probably in the tend to 25 dollar range oh i do enjoy your door cold and i probably wouldn't have known about mfa ready sri well let that's one of the things about historically base and a lot of times you read those type of historical novels mysteries and so on in they've pecan interest that you actually start reading the the actual history to so enjoy them i'm happy you love them thank you thank you exchanges thank you for could go to that or well the introduce yourself i'll be there the whole time i thank you for the kind words about nice gene both have a great night i six 175 410 thirty triple eight 929 1030 wanna congratulate my winner last hour on the busy box office tom lee from quincy one the pair of tickets to the.
"tom lee" Discussed on PURE ROCK RADIO Originals
"Sara teuber said that he states quote unquote taye they're not gonna keep us from living our lives we can't live in fear so the queen drake and i believe skid row performing there as well in wall speak his anderson tomorrow night still go as planned all right as we continue our number three heared kingdom perish it is time for the expertise for this week so it who music this is four october second to october eight started out with drummer tom lee motley crue went on tollbooth food 1962 cars francan an tessa october through 1966 singer brian johns bees dis october fifth 94 semi vast it cork had fastsweeping boop boop flip and fifty drummer torn test on october 15th nine ronnie with tech protein t port portable fifth 1962 twenty kabbah's with hurricane tober ninety four allies but at least equal towards a by june finger to the seventh ninety near fifty three happy birthday dudes and that's news produce for this week pretty cool liz this week birth things horses always moment protests balkh and i king has choose the dash bok that's right deeds it's not a democracy jacques receipt for why choose birthday has passed the thought about it in a come to a conclusion george about aggression this week's spurt day as blog.
"tom lee" Discussed on WGIR-AM
"So a um hey fund advisor tom lee says if you use metcalfe's law metcalfe's law is a theory that explains basically how networks of people uh work like one fax machine is worthless because nobody has you know nobody has faxed to receive but once all your friends have fax machines it becomes very very valuable um and so you look at things like you know he could predict that facebook was going to you know do a certain thing because of here had hit if once its searched the hit this number of users than it's going to explode and exponentially growth the he's using metcalfe's law now to look at bitcoin and he says he believes that bitcoin will reach twenty five thousand dollars per coin in five years that's about five almost five times what it is right now so that means that uh uh what's his name the uh julian assange it could become one of the more wealthy people on the planet because the government forced them out of using regular currency so they took all of their investment money and put it in cryptocurrency and they've already made fifty thousand percent on their money yes on likes to bring that up because that was what happens when they tried to stop wikileaks they blocked all the credit card transactions for dole nations so he was forced to take only bitcoin when bitcoin was worth very little you know couple of hundred i mean really before that it was back in the days when it was double digits ten dollars twelve dollars now it's worth five thousand seven hundred and thirty one dollars so he's made a bit of a prophet there i don't think that's what the government intended onboard the time boom boom it's worked well so they believe uh that uh the sudanese the next generation uh start to story any kind of wealth they're going to stored in bitcoin but he says that it is he's looking now at twenty five thousand dollars and he thinks that if things would really catch fire you know in the in the monetary system that he could go up to seventy five thousand dollars of bitcoin now the law he ah in.
"tom lee" Discussed on Bloomberg Radio New York
"And the other would be what happens to the s p 500 from pierre it's a connection that tom lee made his managing partner over fund strat global advisers and what he did is he looked at is it's a bit of a stretch you could argue 'cause you think if you're going to focus on the s p 500 is league does he want to look at sp 500 stock he goes a little differently though were looking at new york stock exchange listed companies and seeing them relative to their 200day moving average so in other words that's an indicator of the price trend for the shares so presumably stocks below that average that is showing some weakness and that we actually compiled a series here bloomberg so it's always a fund the kind of highlight our work but beyond that he went back and and last week you saw this proportion fall below fifty percent was the first time since early november just before the presidential election it happen and so would lead that he went back to 1994 and checked out to doesn't suit similar occurrences where you had this particular indicator dropped below fifty percent and almost all the time the sp 500 itself fell to the 200day moving average at a minimum why cases it fell below it so you know raises the question of if that trend holds where do stocks go from here and based on where we were at the end of last week it would take a three point six percent drop 4 lease sort of presumption to bear out in this case so it basically he's looking at the broader market sees the reason for concern and then raising the issue of where we go from here with the index is not necessarily something that's going to last very late the time but something to be mine logical right if you're seeing a trend line and things him living lower and you see less stocks hitting highs and more stocks hitting lows that that kind of make sense right right so it's consistent with that way of thinking and if you want a more folks send me an email i'll get you the chart the explanation that goes with it and everything i do going forward the.
"tom lee" Discussed on KBNP AM 1410
"The have this driverless car investment very they are having that heike shoes with waymo when google and then the whole cultural aspect i think the board can be expanded right now they're just eight members so you could bad more people add more diversity through the board added more experience for the board and and release start off with a clean slate over of course based in san francisco russian president vladimir putin span on european union cheese imports was driven up milk prices in russia by so much that french yogurt maker danone is transporting or moving almost five thousand cows to a farm in siberia to ensure it has an affordable supply again recapping sp 500 index down by less than half a point i'm charlie pellett that's a bloomberg business flash muchappreciated charlie pellett here listening to bloomberg markets send this is pook thing two there gonna make the connection between that song and the child of the day we've got applebrook stocks comments dave wilson to do that for us some tells the connection here well the one thing it is what's going on with starts of a broader sense in terms of the kind of weakness showing and the other would be what happens to the s p 500 from pierre it's a connection that tom lee made his managing partner over funds strat global advisers and what he did is he looked at it it's a bit of a stretch you could argue because you think if you're gonna focusing on the s p 500 is lead does he want to look at sp 500 staff he goes a little differently though were looking at new york stock shades listed companies and seeing them relative to their 200day moving average so in other words that's an indicator of the price trend for the shares so presumably overstocks below that average that is showing some weakness and that we actually compile the series here at bloomberg so it's always a fun to kind of highlight our work but beyond that he he went back and last week you saw this proportion fall below fifty percent was the first time since early november just before the presidential election that to happen and so would lead that he went back to 1994 and.
"tom lee" Discussed on WBZ NewsRadio 1030
"To karen and lemons trocaire next on night side thanks for calling in what's your thought today tonight oh my thinking today is that we are history repeating itself in not so many hearings remind me very much of i won't say it all but uh of the hearing during watergate okay and i can understand that look you have a couple of democratic members of congress who are already calling for impeachment on what's the crime what's what are we gonna guy or tero if you've been an obstruction of justice in uplift we don't know that well allen dershowitz he's a pretty good lawyer says no and if they haven't been then it is something i have a feeling of being covered up but i liked infant faradi of rahm came colmey today and the fact that he said he was sorry about not being buffet could bite with colleagues and everything and i like that and if farris a week for concerned all i can think was that you know it was a poor judgment crap the do that so poor judgment for colmey to to leak information uh in a way you know what judgment the wave did it i guess he just wasn't thinking so was a poor judgment for trump to say gee i hope you you give flynn of a break could could that could you also see that that is poor judgement by trump in tom lee yellow may now be this a poor judgement a goal ruled yeah no no woods perfect now none of us a perfect not you know i think i've been kind of with thing but i'm also preparing my apartment for company to come in next week full i've been busy with that house commented who's coming out to sea in colombo i achieved never been to my apartment that we've.