Best Money Starts Right Now, live from the Nazac Market Site overlooking New York City's Times Square.

I'm Melissa Lee.

Tonight's traders, Tim Seymour, Brian Kelly, Mark Tepper, and Steve Grosso on the big show tonight.

The Last Beyond Meat Bowl just back back down she'll be here to

explain what has her waving the white flag plus stock sitting just below record

highs and one top strategist says there's a new Trump trade he'll tell us what it is

and why it's your best summer bet.

But we start off with the Facebook fallout, the stock taking a hit today sinking a hit today sinking back into a bear market.

After a report says there are emails showing Mark Zuckerberg new about the company's privacy problems.

This has the House Judiciary Committee's bipartisan investigation on Big Tech moves forward.

Is there more pain ahead for Facebook and just how vulnerable is big tech and in turn the market

rally Tim.

Well so first of all let's talk about Facebook as a function of big tech it's 5% of

the triple cues it's a very it's a very big weight it's a name that a lot of

big institutions is very comfortable holding there's a very big way it's a name that a lot of big institutions

very comfortable holding there's a bit of scarcity value in social media despite

all of Facebook's troubles over the last call it two years it's a stock that I think

probably a lot of people feel very comfortable owning because the valuation is hardly demanding

But you know that to me is part of the reason why Facebook's valuation is hardly demanding

Is because I think people do believe that management's always been a step behind on the cyber story.

The trust issues, I think the privacy and the data issues are still things that plague this company.

It's not surprising for me to hear that this is information that's coming out now and I think the market probably has already priced a lot of that in however, but it's a big weight and I do think big cap tech during a dangerous time for markets, which you can argue it is when we have so much

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