referenced a twelve percent increase in the average price of jet fuel over the last two weeks alone which are which companies are there out there that are being impacted the most by these higher prices i've had my eye on the jets for some time now i think the airlines obviously are going to be the ones that in the front of this narrative will be sold off the sharpest but i actually see some opportunity on the weakness so i think you're really out in front of this entire narrative right now where a lot of the conversation is quite negative i think there's a lot of opportunity for investors that realize that in the near term these companies will maybe absorb this very sharp increase in oil but longer term they're just going to pass on the costs whether that be u.p.s. whether that be un p. i'm looking at the jets e.t.f. as i mentioned as well and there are some winners here like caterpillar i'm going to be keeping a very close eye on caterpillar as a potential winner i think that the losers here could be things like three m.

i think also we're going to look at united postal service p.s. service as also a potential near term loser but i'm looking for the opportunity to grab a balance and we also need to think about others in the transport sector how about the railroads. railroads are again i think near term they're going to absorb it but longer term i think there's a terrific opportunity to look at where the stocks will sell off and get what will notice is the discounting is going to be probably running out ahead to negative of what has been a sharp increase the market's already priced in seventy dollars for i even think they priced in eighty dollars thanks to the saudis so really when we my experience a bit of that panic will be north of eighty if we actually see it so railroads i think for now after this quick sell off i'm feeling pretty optimistic that the recent union pacific railroad earnings are actually quite positive they're feeling

that they can absorb this near term acceleration and fuel and i think they're actually going to benefit there's just too much in their pipeline right now with all of us doing our shopping online you see what amazon did the other day i think they're going to be just fine and we did get some positive q one earnings from total and i think royal dutch shell so that that bodes well for them i'm going to ask you a little bit of a complicated question you are such an expert on futures and currencies but it surprised me maybe a dozen years ago when i realized that a lot of these large companies that i thought of as sort of oil related companies that they actually make money when prices are lower because they use oil as part of the petrochemical businesses like dupont for example so there are some companies out there they're actually already head to buy what they produce but as a hedging ask expert we know that southwest famously does not hedge their risk in

futures markets but what are hedges going to be doing now you think. i think most of the companies that have been hedging have already been looking where that huge rectory of crude oil was once we passed over fifty dollars so that psychological barrier probably already has been part of their hedging strategy i think the reason right now that so many companies are looking at the acceleration and say for example jet fuel is just how quickly we've accelerated from say mid fifty's to knocking on the door of seventy dollars so i don't think the directions been as jarring as the acceleration so i think most of the companies who have been hedging are probably already at levels that they can absorb but if we continue past seventy and past eighty we're going to have i think at that point a lot of companies feeling they have to play catch up and at that point we're going to see the consumer pay for i'm going to see them pass the cost on i think the

airlines have already been very open to it which is why i think that sold off an initially on the higher fuel prices like the jet c.t.f. will ultimately be really great buying opportunities after the markets settle down discount these higher prices and then realize we're still going to fly we're just going to pay more for it raji horner you are always so great a wealth of information we're really pleased that you spent time with us rosie horner futures and currency expert at simpler trading had a great weekend. thank you. the u.s. commerce department reported that the first quarter growth the g.d.p. came in at two point three percent beating some economists expectations of one point eight percent although it is down from the q four g.d.p. of two point nine percent for a recollection of what happened last year the economy grew at two point three

percent for all of last year twenty seventeen which is actually a big increase over twenty sixteen of one point five percent and related to the commerce department we always report on and discuss those u.s. monthly employment numbers the unemployment numbers which are released by the department's bureau of labor statistics the b.l.s. on the first friday of the month so we'll get to those april numbers next week but something occurred to us which we thought merited more of an in-depth look at unemployment i like to say the numbers matter and they mean something and that's particularly the case in fourteen states which all have established new record low unemployment rates in the last year almost a decade after we saw those high unemployment rates topping ten percent in the wake of the great recession where it put millions of people out of work and here to help us through some of these important numbers and the substance behind them is conservative t.v. and radio host steve malzberg thank you for joining us steve we appreciate it let's

take a look at these fourteen states where are they around the country and one thing that we see is that the economic recovery is occurring in states that voted for president trump and those that did not we go from conservative texas to the more liberal california for example and what else do you see in these numbers what there are some commonality. well you know i've looked and examined and spoken to people there is no real commonality that you could you could point to as you alluded to you know texas and california have very little in common in any respect it's very idiosyncratic care what you have is various factors that affect the availability of jobs and they include natural resources of course of the state if we're talking states government policy of the state's business investment in those particular states so there isn't a common thread it's just kind of an individual basis but what there is in common

here and i hate to sound like a talking point and i hate to be accused that that you would part of delivering talking points but what every one of the fourteen states and the eight of those fourteen which have reached their all time low in the month of march is the policies of the a trumpet ministration the feel good nature of them and the real effect of them whether it's the tax cuts whether it's deregulation whether it's consumer confidence business confidence a booming stock market these all play into it so i think that's the commonality as far as any state by state commonality i just couldn't find any you may be surprised but i agree with you there is a lot now it may be a sugar high but you know i'm not sure that the sugar highs were are all bad for the economy so i one hundred percent agree a lot of this is due to some of the things that are going on the markets and spurred by the tax cuts eccentric who are the best performing states out there steve. yeah well. is is that down to two point one percent in fact part

you have seven states that are under three percent unemployment talking hawaii colorado iowa idaho also nebraska new hampshire so you're talking again under three percent when four percent is considered full employment so when you're under four percent you know you have a shortage of workers you have even more hiring going on so it increases the cycle to an extent. but let's not forget california which is not under under three percent but there are four point one percent and that's the lowest unemployment rate in california since they started keeping state by state statistics back in one thousand nine hundred seventy six so again that just shows how diverse this this trend is steve we appreciate you looking at these and helping us through them and i love the fact that we ended the week on agreement on politics policy and the

economy steve malzberg conservative t.v. and radio host thanks as always for your time thank you for. time to squeeze in a quick break but stick around because when we return alex will hyla bitch gives us a look at the economics of getting along as the leaders of north and south korea have a historic meeting plus the media merger mania continues college books host of the big picture here on r.g.p. america helps us sort out the latest developments as we go to break here the numbers at the closing bell the dow still slightly below yesterday's close in the final minutes of the trading day we back in a. rush or buying gold is a gold mine gold is like us we don't think he's right to tell you number one listen if the current status is blown away by the huffing and puffing at the. bad feel wolf and then taking over to you got countries like india that are like one step in

one step bad sector household sector has all the gold their government asked exactly and then the big benefit will often fall to the people the problem such as survive but the government has blown away then you've got the countries like china and russia that have said wow straight out of twenty four carat gold bullion and the big bad feel wolf off the top and it didn't blow their house away. you never know what's around the corner and you never know what's in the pub you can walk into excitement it's that mood knowing that's where the adrenaline in much comes from. the newsroom is going to finish him and the extreme so will. the violence he's a pawn and it's almost a schizophrenia. where you can do these things and behave badly.

you're going to be full of horse but before that all. the more so for the last one . hundred million infirmed. role in far less than fought. over broader where no fight for your own really beautiful don't want to fulfill your. community's music at least if you don't and the involves it's constantly evolving and. welcome back and auto industry news chrysler fia general motors and bolts wagon of

all released their earning statements chrysler fia profits were up sixty percent to one point two four billion dollars lifted by factors including a thirty seven percent jump in sales of their jeep brand vehicles and general motors garnered a thirty six billion dollars in profit this quarter more than expected they also posted a two point six billion dollars in operating profits down twenty six percent versus the same quarter of last year weighing down the fact factory down time required for a transition toward increased truck production g.m. also announced an agreement with south korean labor unions that it expected to yield as much as five hundred million dollars in savings going forward and volkswagen posted an operating profit of four point two billion euros or five point five billion dollars that's a four percent drop from a year ago the german carmaker attributed the dip to a change in the method for evaluating derivatives and said that excluding that

factor profits would have been up slightly and while it's not on the high level v.w. talking points of many of us recall last year v.w. paid the largest criminal penalty ever as part of a settlement with the us justice department the two point eight billion dollars settlement was with regard to their famous diesel emissions cheating scandal. the wave of teacher walkouts and strikes that has touched the states of west virginia oklahoma and kentucky reached the western states of arizona and colorado this week teachers in both states walked out on thursday and marched on the capitals in phoenix and denver fifty thousand teachers and supporters wearing red for ed not ed schultz for education read for education church marched. on the arizona capitol while ten thousand marched in colorado colorado teachers planned two days of actions ending later today while their colleagues in arizona say they will strike until gov doug to see meet their demands which include funding to bring

average class sizes down to twenty three students per teacher and bring staff salaries up from forty seven thousand dollars arizona currently ranks near dead last in teacher pay only mississippi and south dakota rank lower the arizona strikers what they're paid to be at least the national average of fifty eight thousand dollars as well as a moratorium on tax cuts until total spending on education per student reaches the national average per pupil spending in arizona is close to eighty three hundred dollars while the national average is twelve thousand five hundred dollars as reported here governor doocy of arizona previously fell short on his offer to meet p. teachers demands and that led to the walkout. and in world news real history was made today as the leaders of north korea and south korea met for the first time with kim jong un of the north dramatically crossing the border to meet with

president moon j.n. of the south the two leaders met without aides for up to thirty minutes about thirty minutes it within the de-militarized zone the d.m.z. that has officially divided both koreas since one nine hundred fifty three the leaders also signed a declaration of peace that committed the two nations to denuclearization of their shared peninsula and a formal end to the korean war as well as officially designating the d.m.z. as quote the peace zone as of may first while many specifics still remain to be negotiated to say the least a decades long stalemate that seemed to be veering towards a possible war under president trump suddenly seem to yield dramatic advancements towards korean reconciliation increased ability also promises to lift or at least stabilize markets that have been somewhat roiled by the prospect of a war that could go new.