we will discuss. christie's, selling $1.5 billion in art. scarlet: they may not be able to repay the debt, but it might not be just greek bonds under the gun for the summer. ♪ scarlet: good afternoon, i'm scarlet fu here with alix steel. alex deal: it is another record high, smashing the intraday record that -- scarett: -- alix: is another record high, smashing the intraday record. thanks were rallying and you also had the chicago fed president in a statement saying that he still does not expect a

ratings increase until early 2016. not the responded he said that, but you've heard that iteration when we had the lumpy eco-data last week. of course,arett: seven out of 10 sectors are higher right now with materials and energy shares eating among the laggards. let's also take a look at how treasuries are doing. lower prices, higher yield. bonds are down, one big driver. u.s. yields could rise further, it seems like the analyst community is at odds as to whether which direction this bond rally selloff will go. that the average yield for five years in germany is not reflecting the kind of growth that he expected. the mostthis is one of

divisive issues in the market. where are the markets going? what does it mean for everything else? alix: and how does that affect reflation, inflation, deflation, growth? scarlet: look at that, a stronger dollar, once again, rallying by the most in five, lots of data this week, we have got housing starts and existing home sales, fomc minutes. that jp morgan saying second quarter of the euro dollar will be 112 versus the previous forecast 147, forecasting a stronger euro. scarlet: maybe it is not time to go to europe. it was at 1.45. get you a check on the top stories russ and the terminal right now. turning up the heat on the fiat chrysler u.s. unit. requesting more documents on how the automakers handling the recall of millions of vehicles. there will be a rare public hearing on the 22nd. they have been frustrated by the pace of the recall, as well as

the efforts to reach affected consumers. the latest action covers 20 repairs including the of fuel tanks on 1.6 million jeep vehicles. carl icahn wrote an open letter to tim cook, saying that he believes the shares are worth $240 today at 58%, from where they closed on friday, he said that he believes apple will letter enter to new , television and cars, and for months he has been pressing them to return for cash to shareholders with no comment from apple scarlet: lindsey graham could become the seventh major candidate to jump into the in nomination.p the south carolina republican said he will officially announce his lands on june 1. he is a member of the senate armed services committee, a in nomination. major -- major critic of the presidents foreign policy and is running because he thinks "the world is falling apart. a crucial early primary conference

will be -- contest will be held in his home state. watch out, the president has his first real twitter account. minutes the tweet had more than 7000 retweets and 6000 favorites. following 65's people on twitter -- maybe am one of them? just kidding. among them his wife, joe biden, bill clinton. he is not following any of the presidential hope is. scarlet: think of how many people they had to vet to get that. alix: you think he is really writing his own tweets? scarlet: lots of lawyers on those characters. for passengers on the ill-fated amtrak train last week are suing the company, claiming that the accident could have been avoided . meanwhile, amtrak trains are once again rolling between philadelphia and new york, the first time they have travel the route since last tuesday's fatal

crash. the fbi is also entering the investigation, looking into reports that something hit the windshield just moments before the derailing. endoet: -- alix: international has agreed to purchase par pharmaceutical and they are owned by tpg capital. scarlet: a takeover in retail, athena agreeing to burgess and taylor, two point $1 billion, representing a premium of 21%, athena owning the dress barn and lane bryant brands, creating a company with more than 4900 stores. talks of a possible buyout by intel have resumed. intel is the world's largest chipmaker and has been looking for growth we on the struggling .ersonal computer market they provide low power programmable semi conductors. scarlet: he agreed to sell his

company after a few months of eeo and john cahill is now a $19.9 million golden parachute. he became the ceo in december and march after they agreed to be bought out by heinz. cahill would get the payout if he is fired without cause within two years and also if you leaves because of the salary cut or reduction in his duties. the former ceo of barclays america is headed back to his roots, miggy is going back to how he started, as an energy banker, having formed intrepid financial partners to advise energy and power companies with a track record including some of the industry's biggest deals ever, one of them xto energy's sale to exxon mobil. scarlet: meaning that he can except -- expect a phone call alix steel any day now. calling on seniors to

fight injustice at george washington university, saying they must use their values to change the world. -- >> we believe that a company with values that acts on them can change the world. and an individual can, too. that can be you. that must be you. it is the first time tim cook has given a commencement address since 2010. what -- onecilroy the wells fargo championship in carolina, north firing a record 61 on saturday to take the lead, winning the match to reza go with six ton -- six top 10 carolina, firing finishes. incredible. those are your top headlines. scarlet: coming up? alix: government actions against

, just aboutr today the toughest thing that they can do to an automaker. we will have that conversation for scarlet: you straight from washington. scarlet:the art market is on fire,, selling $1.5 billion in just three days, but can they sustain the moment? it's been an incredible three weeks. scarlet: absolutely. alix: the deadline hovers for toece, terms are attached the $274 billion bailout. thelet: let's get back to top story we just told you about. carl icahn has a lot more room to run in apple shares. has a lot more room to run in apple shares. in a letter to the company he said the shares were worth $240 each, twice what they are trading at now, also calling for a much bigger share buyback. alix: joining us now to talk more about what apple should do

with all of that cash is greg, the ceo of 14 -- fortuna advisors, joining us on the phone from port jefferson, new york. greg, let's start with you. should the buyback work? is this something you would want to see apple do with its cash? york. $200 billion? greg: i think that distributing the catch is a good idea. holding that much is more than they need and they would have a much more efficient balance sheet by distributing some of the cash to the shareholders, but i'm not totally convinced that the right approach is a buyback. i should disclose that in my personal account and in the accounts of my investors in the investment advisory business, we own apple, but i believe that at this point in time distributing time distributing large the cash through a large step -- large special dividend makes more sense.

greg: -- scarlet: what does apple spend the most money on? cory johnson: i would have to check the income statement. that's a good question. research and development costs are spectacular. percentage of revenues have increased over time over the last couple of years. as much as they have introduced a ton of new products, there has been so much more to find in the future. i think the financial engineering is one thing, but what greg just said, share ownership is key. the notion that carl icahn, who owns less than 1% of the company, saying the company is worth twice as much? the company owns 20% of his fund, which is devoted to apple. this is a huge position for him. he has got a lot of eggs in the basket. maybe we should not be so shocked that he calls for higher prices. like when t boone pickens says the price of oil will be higher, we are expecting to hear from him and yet people always react with astonishment in both cases.

well, it's more like opec, but to your point, why do you own the stock, greg? for growth? scarlet: our investment strategy , looking atd companies with relatively low valuation and risk, they fit that profile. scarlet: i wonder, should different rules apply to cash writ tech companies? they have more cash than they know what to do with. they can certainly use it to reinvest in their company, but a large chunk can be used for short-term actions, like buybacks. alix: -- greg: it would certainly be hard for them to deploy the amount of cash that they have backalix: into the business. they have almost a full year, they could give away their product for free for year and still have enough -- though have enough cash to survive, but what it really means is that they probably should be distributing some of it.

alix: we pretty much talked all day about carl icahn making this buyback call for apple, but something else significant happened to them today, they won a patent case against samsung where it was proven that their products were using on samsung phones, for apple, which was more significant? cory: absolutely the patent in. the idea that a minor shall -- minor shareholder thinks the stock will go up is not a big deal or anything do for this company, but the patent thing is a huge deal for them. it was a big win for apple in that the bulk of their case against samsung was upheld by a higher court but also a big loss , because part of the court ruling today is that they had to have a new trial on damages, they said that the damages awarded for stealing essentially the look in the feel of the iphone were not fair and not fair to samsung, that samsung was allowed to copy the look and feel, that there were certain

engineering things that samsung absolutely stole and the higher order agreed with the lower court, samsung intentionally and illegally took some of the designs of apple and apple engineering for their benefit and that's what gave the samsung out the its market share and that they won't be able to do that in the future without paying licenses and a huge panel. the look in the feel of the iphone is not something that apple has a right to keep to itself in the future. thank you so much, greg, and as always, cory johnson. scarlet: we have got a lot more coming up. the chrysler recall dilemma, we have details from washington, next. ♪

welcome back, i'm scarlet fu, here with alix steel. julie hyman is looking at the market on another record day. julie hyman is looking at the market on another record day. julie komen it is indeed a record day. some flies in the ointment, kansas city southern, the railroad company being downgraded today to neutral from buy, saying that the volumes and services issues abound, shares not taking that big of a hit, ,ut but it is interesting because we have been watching transports more broadly as of late, the transportation average viewed as a leading indicator has been lagging the benchmark indices, and that index is down for the year today at 4.5% even as we do

see the dow jones industrials at records, transports have not kept pace. also in terms of analyst calls today we are looking at yelp, down after a piper jaffray analyscut it to neutral from isrweight, saying that there only a 65% chance that yelp actually gets a part and if it doesn't, the shares could go down to $38 per share. we will check back in with you later in the show. alix: airlines are expecting a record number of passengers this summer and the reason is the improving economy. group airlines for america protects that u.s. 220 millionl fly passengers from june through august, 4.4% more than one year in, beating the record set 2007. alix: they are probably going to europe. the only states in the country where you cannot pump your own gas are trying to lose that distinction. lawmakers and new jersey would give drivers the option of self-serve or full-service. last month they passed a bill to allow the self-service gas in

rural areas. it was banned five decades ago because of safety concerns. do think that diesel's self-serve, just not regular gas. pixar is going back to the theaters after two years, "inside out," debuting today at the con film festival in france. -- cans film festival in france. -- cannes festival film festival in france. alix: safety regulators turned up the heat on chrysler over safety recalls. the parent company was ordered alix:to turn over more documentd they scheduled a rare public hearing. joining us now is peter cook with more. peter, what was the trigger for this? what was the catalyst for the government? alix: -- peter: the government has essentially run out of

patience. they are looking at recalls involving whole range of vehicles, including the jeep brands that have had problems with fuel tanks. the basic criticism of chrysler is that they don't think that the company has basically kept pace with what they needed to do to honor its obligations under federal law, which is why this of taken the unusual step holding this public hearing that will happen on july 2 and it is at that point that not only the government chrysler can present information, members of the public-- members of the and present information. earlier in a conference call we heard from the head who talked about why there was a need to do this and what was going to happen in the hearing. >> there will be clear concerns aired publicly in a hearing where we will collect diverse information from the public, safety advocates, and chrysler. it will be a press release, we will be looking at evidence to

determine whether or not they are meeting obligations. peter coleman that means a range of things, according to mark, including sending the correct paperwork to the people that own these vehicles and their stock of faulty remedies at some dealerships and some dealerships cannot doing things the right way with regard to these recalls . paperwork to the people that own thesethey have to meet federal guidelines for that. they are basically not just just just not satisfied with the pace of things. by announcing this public hearing it is a very big public shaming of chrysler, china to get them to do the right thing. alix: an unusual step there for the government. thank you so much, peter cook. christie's became the first auction house to sell over $1 billion of art in one week and they only needed three days to do it. ♪

alix: in just three days

sold over $1.3 billion in art, smashing the record set one year ago. we spoke with a specialist about why luxury art is a hot commodity. sold over $1.3 billion inscarlet: -- >> it's at supply. it's all about supply chain industry. we cannot replicate what's available each season. if we could we would have another better season next season, but it won't ever happen. are once-in-a-lifetime opportunities and that really dictates the competition, desire, and high prices. >> you don't think are we will e another sale like this next spring? we wish that we could guarantee that, but we cannot. >> how has the demographic change? >> it is phenomenally diverse, truly global, and it really varies from artist artist. last week, you know, you saw tremendous asian bidding in some

instances. we saw very interesting russian bidding in the impressionist modern auction on monday. it really varies but what is best is that it is diverse all the time. for me what's incredible about the story is that it really feels like christie's has left sotheby's in the dust, something that was not the case 10 years ago, and in particular it is because of the success of the departments that you run. what has been the strategy at christie's to beat sotheby's? have you been going after new clients? >> we needed to change the game and we changed it to season. it always goes back to the quality of the art and we went after -- we had our eye on john committee, for example. we knew that this was a record-breaking work and we finally made it happen this season. we have been focused on that for some time. we were able to bring together an assortment of work i.

it.ooking for europeaning to the fine art foundation will art market is worth $56 billion, up sixfold over the last 20 years. >> not a lot of transparency in there. >> the bigger question to me is -- what does this mean in calling it a top for some kind of market? a look at sotheby's, for example, you can see that it relatively corresponds to the blue men lust of the s&p in the 90's, early 2000's. what does it say right now that we have these moving art markets? up sixfold? what does it mean? would people want to put their wealth in that market if they were not guaranteed a return? it is cyclical, like everything else, speaking to how little return you get elsewhere from conventional means, whether it's a bank account or people thinking that the stock market

is topped out. alix: but gold is not reflecting that. i would think that and i saw that market, but gold is not the same situation. gold has not really participated in the rally with the massive amounts of the we that we have seen over the last few years. it is not as much that you can do with gold. you cannot admire it. it's not a talking point. alix: we are going to debate this off air. i'm saying goodbye to scarlet: you, always makes me very sad. i will be back tomorrow. bad egg.are of the avian flu may cost the egg industry millions of dollars and we will look at the company that will take the biggest hit. ♪

alix: welcome back, let's get right to the top headlines this afternoon. the prime minister reese said

that he will not strike deals to get more money at any cost, but he is running out of options. short onare running the collateral that they need to stay alive, which may pressure them to feel. after weeks of brinksmanship a are forced to take up the discussion in lot via. at the residential real estate market needing time to gain momentum, confidence amongst homebuilders unexpectedly falling in may, the national association of home builders dropping to 54 this month from 56 in april, the decline reflects slowing sales and buyer traffic. the median forecast called for with readings 57 greater than 50 meaning more respondents reporting good market conditions. the world's richest person is weighing in on the issue of income inequality. bill gates told cnn that a person making $40,000 per year than someoneff now making that equivalent salary decades ago, saying that because

of inventions like the internet, the quality of life is boosted. bill: it overall understates how much things have been improved. the comparisons overstate the lack of progress. he called it nonsense by restrainat tax rates growth. it was an historic night for taylor swift at the billboard awards, she is now the most decorated artist in the history of the show. she now has 20 wins, one more than garth rucks. she also premiered her latest video at the show, "bad blood. cindy crawford was among one of the celebrities with cameos in the star-studded, action-packed video. those are your top headlines. coming up in the next half hour, tim cook tells george washington university graduates to tune out

the critics. more on his commencement speech, next. a time with no signs for creditors. is the mask telling us that prices have outrun reality? after apple stock rallies were 240 piece? i will be joined by stephen parker at jpmorgan for his take on the buyback in the best use of cash. swing.monday is in full the parent company of lane bryant and dress barman announcing that they will be buying the owner of ann taylor and loft ran's. the bloomberg deals reporter ed hammond joined mark crumpton and discuss therlier to market, particularly in the retail space. >> we will see more retail m&a

across all sectors. anyone in spent -- in sponsor hands is on the block, no shortage of those, we have seen a few processes going to sponsors and failing this year, search he goes was the obvious one. everyone is looking at that as the other one. there is a bunch more kind of out there. some smaller names, some more troubled or distressed. and again, some of the really big ones, which we saw last year with j.crew, there was a lot of talk that they were going to be by japan. does that come back? a good bet bs. marshall: -- a good that would be yes. >> i think that that is the biggest macro theme in the m&a markets today. were all the wind in the sales of m&a, most of it includes companies legal

positioning themselves for recovery on the growth side or for what they think is value on the value end of the chain. m&a, goldmang of sachs had a note today predicting more deals over the super oil majors have $80 billion in m&a firepower. joining me now from houston with moore, david, $80 billion being spent sounds sexy, but the question is -- when? we have been waiting. david: oil prices have yet to truly settle out and what they should sell for seems to have a gap between what they should pay and what the sellers are willing to take to the company. once there can be a little bit more confidence where the oil prices will settle, that is when i think you will start to see those come together. we don't actually need a lower oil price, just a stable one? david: you definitely need a

more stable price. if it settles in for a while it will allow the sellers to say -- i'm not worried about the price going lower, maybe this recovery that i thought was going to happen in a v shape is not going to happen so maybe it is a good time for me to sell my company now. we'ret the big things looking for on the producers side is the determination in the hall when the banks look at the loans again and try to reassess how the loans are back analogous to the oil fields with lower oil prices, those are likely to be downgraded and you may have some more oil companies coming in for a pinch and they may have to sell themselves. alix: the one that stood out today is that oil producers were producing for less. so that the absolute minimum of the what they needed the oil prices to be to make money had fallen $20 this year to $60 and could fall further by 2020 because of these kinds of efficient games.

what kind of role does that play in m&a? david: what it unfortunately may mean is that you have got these companies settling in for lower for longer oil price scenario. more who can survive efficiently at a lower price will be more ok, but those who are not able to handle it at such low prices, they may not be as large or deficient of a at that price and they might have to sell because they are hurt or longer. let's get it -- breakdown the targets, what have you heard on the street? david: it depends. goldman had talked about roman on thend surface side, the contractor side. that's one of the names they look at that could be potential targets.

side, you haves got some different names out there. dark colors one of them. a well-run company. it could be a target for the super majors to look at. it depends on how strong the company is. alix: what companies, what type of companies are at risk of dying by the wayside? >> you've definitely got to look at the fracking companies. we've heard estimates that half of those out there die away or sell themselves because there is so much equipment out there and sitting on the sidelines right now. alix: thank you so much, david. $80 billion in potential money from big oil. sittingsomething else to come,. $48 billion chicken and egg industry looking at over 30 million dead bird. egg output is falling for the first time since 2008 and the

eggs haveeaker a -- pastthan doubled in the three. all of that might mean that our food could get more x and said. we have more on this from alan. what is the past endpoint, the potential price impact here? allen: some analysts today are talking about how this could have pet -- perfect oil prices for the next 18 months. have gotten some conflicting reports. usda does not see a huge increase. egg inflation of only 3.5% this year. one of the problems we have is that we do not know how long this will last. there was speculation that when the weather warmed up in the midwest that bird flu cases would go down, but we are seeing more cases, more flocks, and 35 birds in 15 states. alix: unbelievable. if one bird finds it in your

flock, what do you have to do to the rest? >> according to the regulations, you kill all of the birds in the barn. that is lot. we had a case in nebraska where it was 1.8 million destroyed. keep it these steps to from spreading. it's standard but it has never had to be done on this size before. shares have been sinking in the past two days, 20% of its egg supply has been affect did, hurting earnings by at least 20 million, it might declare a force majeure, which is what i hear in the oil industry went olivier -- whenolivier -- when s cannot deliver. we are hearing this in the u.s.? alix: this was not anticipated. it's not really attributed to fault, but it does affect contracts. rarely invoked, but it is

happening here. yes, you have places like post holdings, but cal maine is way up. where are their locations? who is being affected? alix: there are winners and as long as it is contained. would love to write that down. coming up, apple ceo tim cook challenges george washington university graduate to make a difference. emily chang has the details, next. ♪

julie: it is a steady march upward that we have been on for some time now. looking at the major average and , they are welld above the closing highs and like we will easily make them, there we have it. the s&p, the dow, the nasdaq, all higher at this hour. take a look at the 10 year, interesting action, treasury selling off the most in a weeks time, yields are actually going to the highs of the section as we get closer to the closing bell. u.s. dollars having its best day since april 9. this has been a reversal,

because recently the dollar had been catching some investors off guard, as we had seen more strengthen the euro, but that is also reversing course today. all ideas have been interrupting recent trends outside equities. especially since we will be getting a lot of economic data on housing, manufacturing, and fed minutes coming out later in the week. alix: absolutely. thank you. police are cracking down in bikersexas, after nine were killed and 18 others were wounded yesterday after violence arrested at the restaurant where the gang was meeting. >> they could be potentially looking at capital murder charges. that that the detectives. right now we're looking at charging them with engage

organized criminal activity. police say that they have unsuccessfully tried to work with the restaurant around improving security when biker gangs show up. watch out, president obama has his own twitter account. his first tweet, hello, twitter, really.ck -- barack, oh it was retweeted over 7000 times within six minutes. wife, theowing his vice president, and bill clinton on twitter, but he is not following hillary clinton or any other presidential hopefuls. taking the air out of tom brady's endorsement lu, consumer trust income brady has her orderly plunged. out of 3700 celebrities measured ine is just 3027th --

appeal. he was at 967 in early february after being named the super bowl's m.v.p.. those are your top headlines. the apple ceo, tim cook, you are where public speech on sunday when he told toward washington university students to fight for what they believe in and he opened up about his own journey and the impact of steve jobs on his life. emily chang joins us from san francisco. what did we learn about tim cook weekend? we not used to seeing him not on the apple products page. emily: the most talked about joke was when he talked about having people hand android phones to the center of the aisle. rare's reachvery from tim cook, he talked a lot values, and how

at apple they don't just like to think about doing good, but also doing well and doing good at the same time. he talked about tuning out the synnex, not sitting on the sidelines, be sure to take risk in your life. in that vein it was very much like a typical commencement speech where he mentioned steve jobs and talked about meeting steve jobs. take a listen to what he had to say. tim: 20 years after my visit to washington i met someone who made me weston everybody. who upended all of my assumptions in the very best way. that was steve jobs. talked about how steve convinced him that if they could make good products together at apple, they could in fact change the world and 17 years later he has it back. a really, really moving speech

from him george washington university weekend. certainly interesting today that carl icahn the neck day called , we will have more on that, coming up. taking a broader look at why he is talking in the same, steve jobs did not go in that direction. what is driving him to take these public stands right now? emily: we have seen him be much more open about his personal life. he wrote an editorial this week about being gay and he was very quiet about that until steve jobs passed away, which i think gave him the sort of freedom to feel like he could talk about these things more publicly and he really wants to make values like quality something that apple stands for. steve jobs was big on philanthropy, preferring to do bute things were wildly,

tim cook has reinvigorated some of apple's own philanthropic programs and it certainly seems that he wants this to be a keystone of apple strategy, that apple stands for a quality going forward and you don't need to do good by doing well. we saw him take a stand when indiana passed a law that might have been strewed as discriminating services to gay people. we have seen him put his money where his mouth is, so this week . stay tuned this evening at 4:30 p.m. eastern, with much more ahead. for greece is looming, bond yields are soaring, all in the worry that the country will not be able to make it debt payments. ♪

are: greek bond yields soaring over concerns that athens will not be able to pay its debt. we can report highlighted how close they came to not paying them last week. how much money does greece actually have? we have some big due dates on the horizon with payments due in june, larger than may, with two huge repayment to the ecb in july and are -- and august. joining me now is michael mckee and elisa to break it down. negotiations appear to be in the final stage, they've submitted concrete proposals creditors -- really, what is the last day that they run out of money? micah: it is what they said last week and the week before that, they -- they keep talking about coming close to a deal but the europeans are not buying anything that they been told so far. the 1.6 billion dollars due to the eu and the

imf in june, but before that they have $1.7 billion to pay everybody on the greek havenment payroll, so they some real cash shortages coming up, but the problem of the last couple of days is that they also have the banking system on the verge of collapse because the banks, so much money has come out of the banks that they do not have the cash to pay the depositors or to buy the bonds that the government is selling, they have been going to the ecb and greek national bank to get cash, but they are running out of collateral. they have may be eight weeks worth left and maybe the rule should be changed? that could switch to four weeks before they even have to make these payments. any the bond market reflect of what might just said? lisa: a little bit. a smidgen. exactly, we were just talking about this [laughter] . [laughter] a storm is coming, you go underground, they keep warning you, you don't go underground

anymore. they are responding, particularly in portugal, spanish bond yields are showing selloff. there is some kind of response but it is pretty muted in terms of a catastrophic meltdown of the greek banking system. people are often really wary of the fact that so much has to do with whether the ecb does change their collateral requirements. if they do that they will get less. mike: a bigger haircut alix:. alix:that is really the issue. mike: the note that came out over the weekend, this letter from christine lagarde, we don't have the money to make the imf eyman. they founded by juggling some accounts, that unless they can and more treasury bills two-year notes -- and the only buyers are the banks and they don't have the money to buy. if there is more of a haircut, they cannot the government afloat or pay their source -- pay their civil service salaries. mean they a default

have to leave the monetary union? lisa: that would be the worst case scenario and that would be the union. that is what some people are saying. lisa: how do they raise revenue they default? how to get the money to restructure and start over again when they don't have a weakening currency to give them competitive advantage? that's the idea, if they do they will have a greek -- alix: a word that means default but stay. mike: you have a leaders meeting coming up on friday and there is some talk that if the greeks don't make a move before then, they might get presented with a take it or leave it offer the .ay that cyprus did we will impose capital controls. you will make these changes to your policies. or we will let go. alix: we have seen capital

controls, but what about the market? it's bananas, complete a us. lisa: "the market is going to church, normally not the best strategy, but for now it seems to be working to go this is what people are saying. that it will be ok, we will be just fine, yes, if it does not happen the way the people are expecting it, could the markets go bananas? alix: thank you so much, mike and lisa, good to see you as always. up we are headed into the market close and i will be fromd by stephen parker j.p. morgan private bank as we look at s&p and another record high. ♪

alix: 4:00 in the afternoon here in new york. we are moments away from the closing bell. i'm alix steel.

you are looking at stocks at another record high. not just the s&p right now, but also the doubt. a record high for both indices. the nasdaq is higher for the third time in four sessions at its highest levels and's the end of april. another record high for the s&p and the doubt. the dollar also had its best day in over a month. and you definitely have the bond selloff that we had been talking so much about. the treasuries that bring the biggest selloffs really jumped higher. i'm joined by bloomberg's joeets managing editor weisenthal. i know you hate the record thing but we saw another close for the dow. joe: i don't hit records. i love them. alix: you make fun of me. that's why i say it. r.o.i. co