Live in the Nezac market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

All-time highs.

The S&B hitting a record for the first time this year, and most of the Mag 7 seen big gains,

but will words of caution from the likes of Jamie Diamond and even Elon Musk put a damper on the euphoria.

We'll debate it.

Plus streaming gains,

Netflix at all-time highs of its own after earnings, but will this rising tide lift all other

media boats? We'll talk to longtime industry exec, Tom Rogers, to get some answers. And later,

the chartmaster's warning after Apple's pullback, insurance giant travelers gets a boost after earnings,

and two healthcare

names moving in starkly different directions. We've got the trades on J&J and Moderna. I'm Melissa Lee.

Come to you live from Studio Bia at the NASDAQ. I'm the death tonight. Tim Seymour, Karen Feinerman,

Dan Nathan, and Guy Adami. We start off with a record day for the markets. The S&P 500 hitting a fresh intraday high as investors digest strong earnings

and seem to look favorably on what President Trump will mean for stocks.

Mag 7 stocks leading the NASAC on the back of yesterday's announcement of a $500 billion

stargate AI infrastructure project, Nvidia and Microsoft leading the pack, and Oracle,

putting together its best two-day gain in over three years.

But one close advisor to the president appeared to pour cold water on the red hot trade.

Elon Musk claiming the Stargate backers, Open AI, Oracle, SoftBank, they don't actually have the money to make it happen.

And those weren't the only words of caution today.

JP Morgan's CEO, Jamie Diamond, telling Squabox this morning from Davos that he thinks the entire market is overvalued.

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