Live from the Nasac market site overlooking New York City's Times Square,

This is Fast Money. I'm Melissa Lee.

Our traders on the desk are Tim Seymour, Karen Finnerman, Dan Nathan and Guy Dami.

Tonight on Fast, you will hear from Steve Iceman of big short fame.

He'll tell us where he is spotting the next big market opportunity.

Plus, an earnings alert on United Airlines that's not getting a lift after reporting results will break down the headlines and

speaking of earnings the options market is betting big on a big move from Netflix when

report tomorrow we will break down the action but we begin with the race to new records.

stocks breaking out as bank earning season gets underway.

J.P. Morgan gaining 3% on strong results and the company says the consumer is

holding strong meantime bank when Mer Bank of America reports tomorrow,

but one of its biggest shareholders

is getting even more bullish.

Berkshire seeking permission from the Fed

to boost its stake in the bank beyond the 10% threshold.

So did Jamie and Warren just give the okay

to ride this rally to new record highs?

Why not?

I mean, those are the two, I mean, if those two say it it's okay who am I to argue with those

two guys right back to you back to you now I think look the jap Morgan quarter

was fine and we'll talk about banks but just to put it in perspective you know tangible book and

jayp morgue in sixty dollars sucks a hundred twenty dollars even I in my

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