 All right good Thursday morning everyone. It is time to talk about the markets with Jim Kramer on the floor of the New York Stock Exchange And Jim you bring up an important point on CNBC when it comes to Bitcoin. Where are the sellers? Yeah, you know, it's funny Scott. Typically when you have an asset people either create more of that asset as it goes up like a Secondary offering, but you have to mine Bitcoin It's a very mysterious way to get more and typically when you have something that you don't even have tax Consequences and you see it go up enough you would take some off the table There seems to be a tremendous absence of sellers at this level as if many people feel it's about to go to 25,000 or 50,000 so the buyers of tremendous belief and They're also an element of cornering I believe when you see some of these hedge funds know that there's natural buyers out of say, Venezuela It's been big buyer of it or China or any country that where people feel that their own currency May lose value So you've got natural buyers and then you have people who are hoarding it. It's why I say it's not investable You're really betting on the mechanics of the market that there's no new supply coming in and there's hoarding It would be as if a huge number of people decided that since gold We discovered 1% new gold a year that they were going to just corner gold But you know what's most interesting is gold is the big loser in this that had been the repository of when you were worried because of the very very ingenious Blockchain system where there is tremendous certainty that you get This rather again ethereal currency. I don't mean ethereum Bitcoin is very popular and I'm not trying to play Bitcoin I'm not trying to underplay blockchain, but this is something that could go dramatically higher because there are no sellers Blockchain blockchain blockchain all right Jim there are reports that by biker could stay on as CEO past 2019 if the Fox deal succeeds Yeah, it's interesting is my colleague David Faber also said that he's good chance. He might run for president So when Disney if they do get Fox The company would be in great hands. He could integrate the company and then By 2020 run for president And I think that it's worth watching that antitrust seems to be getting in the way its continual theme Not parent company of another company. I work for you know Comcast sure is In there wanting to buy assets too. I think that's important Most important thing here though is if you look at the etna deal and you look at the Disney Fox deal The the the targets don't go up as much as they used to and the acquirer I mean Disney went down yesterday CVS is down badly because people just say it's going to take forever And it's going to tie up your business. So I'm hoping that Time Warner ATT is a one-off situation Antitrust will not be the obstacle to getting deals done, but right now it looks like it is Interesting. All right, Jim. We're seeing that GE turnaround strategy take place 12,000 job cuts and power. I mean, I think that they're trying to get ahead of What is a secular decline in the power industry? We talk about how GE brought oil and gas at the top. We talk about how GE sold finance at the low What we don't talk about enough is that they doubled down on power at the peak of power when we thought that there was going to be a Secular wave of turbines being put up to get away from coal It turns out that the actual footprint of power the amount of power that is needed Has to some degree moderate and so that the doubling down on power was a mistake And by the way in terms of oil and gas we saw Chevron announced its exploration budget and it's down again Action alerts own slumber jay slumber jay is ready for that But again what you need to see is power is fossil fuels go higher in order for GE to dispose things properly So your biggest bet on GE is that oil goes to sixty five seventy It may be at this moment the most levered to energy of any company I follow Which is why I continue to call it and oil Fuel hedge fund and drag and make no mistake about power is about natural Yes, and some alternatives that are coming down in value. So I don't know how you outrun the decline in power I don't know how you outrun the decline in oil and gas unless oil gas goes up some things And you discussed all this on your incredible conference call yesterday people can rewatch that on action alerts plus dot com And Jim will end with your incredible interview tonight on med money with the Boeing CEO Yeah, I mean mr. Mullenberg has had a low profile and I talked about the notion of the stock going to 400 Why because the pastiche of business is the 2-3rd commercial a third defense defenses on fire Commercials extraordinary and amazing background and a basic backlog and the most incredible thing about Boeing They're making many more planes per week and month And they're making it more efficient So the profit march is going up Mr. Mullenberg said the most important thing for Boeing would be tax reform where they would take the profit And they would not just dividend if they have they boosted the dividend last four years 20% a year They've done an amazing buyback because they have a lot of cash flow but what they would do is hire and build and I think it's important to see One of the largest companies in the world Committed to hiring and building at a time when people are very cynical about what would happen with tax reform So watch Boeing the stock goes higher best performer down alright and watch tonight mad money 6 p.m. Eastern All right, that's it for Jim and I for right now But we're going to continue the conversation on action alerts plus calm me for our Club members, and I think that's important as I said in our conference call yesterday The club is something that is near and dear to us and they deserve special videos They start today right now. We hope you join us there. Thanks everybody