tops and bottoms. just thought i would create this table to put this in context. picture the 2000 peak. the sox peaked on the 14 tl, the s&p about nine, ten days later. the sox led, stopped going up first. at the bottom, in '02, the same phenomenon. just two days later, they led, bottomed first. in '07 in the peak, a lead time. think about in the '09. they bottomed in '08. the market didn't bottom until '09. in 2011. this time, the semis went on. and they topped actually on june 1st. breaking this sort of almost perfect trend. but what i'm seeing in terms of the actual structure of the semi index itself is something not good. so we know it is a leading indicator. and here's some of those inflection points. in '07, here's the top. right? which happens in the semis went down first, but the s&p kept going. same thing here. the top, the semis go down, the s&p kept going. what we're having is the same thing, the general stall in deterioration. we think that's a problem. so we're going to do a trade on intel

you could draw the double bottom, you could draw the double top. double bottom. double top. and what i see is, something along the lines of this. so here's the -- the pen doesn't work. the presumption is we're going to conclude this by higher prices. so up here. where the pen's trying to write. there you go. 1-7, 1-10. >> carter in his polite way is taking it out on the pen. >> we were just hearing from julia boorstin about all the excitement around the movies. which is generally where people tend to focus their attention when they think about the company. but that represents less than 20% of the revenue. where is the money actually coming from? media networks, principally espn, probably their marquee property, and parks obviously bring in a lot. obviously disney had much higher levels a year ago. we have a company that's trading at about an average market multiple, growing in the high single digits. even though there's all this concern in that marquee property about cord cutting, they're continuing to grow. they will probably continue to grow by 8%, 9% this year. that said,

it's a race to the bottom.hink reits are a little bit of a heads you win, tails you win as well. this is a defensive way to play equities. let's look at a few long-term charts of, well yields and other things. ten-year chart, the trend line draws itself. right. i don't make the lines fit, you just connect as many lines as possible. what we do know is, of course, we've broken through this to the downside. here's the long-term chart going back to the 1980, and we're very much still in the down trend. that's incontestable. to my eye there's no real risk of great move up in rates. and again, let's talk about this here. this is important. if you were to look at the msei u.s. reit index versus the s&p, in each year, since the bull market started, and then more importantly, right, it's only underperformed in one of basically seven, eight years. and then here is what we have. and this is important. it's total return, right? you're talking about an aggregate that's outperforming the market, total return, on a consistent

thehe >>> bottom of the beltway is jammed because of an earlier bad crash this. so right now inner it's the grea pristlays indiana. >> reporter: godonald trump goi with a lot of confidence and with the numbers. 15 point advantage according to our polling. he says this is a wrap, it's over. that the other two republican candidates have no chance. ted cruz hoping that is not the case as he makes information stops in indiana today. this could be make or break for him even though he's not naming donald trump. he's telling the people of indiana that their vote is critical as he puts in possible.giving in to evil he's only down four points ins mentioning clinton in his last event last night. clinton is focusing on appalachia, she'll be in west virginia and kentucky today, but still fighting for indiana where bernie sanders is hoping to make a tstand and talking about the fact that it will have to be superdelegates that he has to pull over to his side in order to win this thing. >>> tracy potses live on capitol hill for us. virginia is throwing more support behind ted c

i'm calling the bottom. >> you are calling the bottom. >> that's portion. know where you come from. >> i'm the smallest guy over there. it is more important to sands and to wynn than it is to us. the market is showing signs of growth. i think next year it will be up versus this year. we don't make a ton of money there but i think we'll make more. >> they start taking off against people. he says what he wants. sheldon adelson. to me he is the most important person. you were a former wall street analyst who have had tremendous successful tell me with your journey. it is one that a lot of people from wall street don't take. i would think more should. >> i love being an analyst. i loved it. i love the deal making. i love capital restructuring. i got lucky getting into this job. the fact that i have 63,000 employees. look. i'm not a founder of this company. kirk was the founder. a legendary man. i'm an employee who works to make 63 lives at the company better. through better employment, health care, work environment. and people like working for mgm. when i look

v bottoms are very rare. but if you do get one, you still get corrections typically.if this symmetry were to persist, what i think one can expect is, a lot of backing and filling, or that would be to mirror this. or some backing away. to mirror this. now, if that were to happen, i think a reasonable price objective is come down to the 100-day moving average. so i'm thinking into the low 40s, and we're here at 48, 49. and it's not mysterious that it stopped at 50 and started to struggle. okay. let's move on to something that is a little unusual. over the weekend, exxon mobil, which i have here compared to the entire s&p 500 energy sector, orange, the entire s&p 500 sector equal weighted, and then all energy stocks in the russell 3000. i think what's important is these have all dipped. they're actually down on the month. yet exxon has just continued on its own. another way to juxtapose this. exxon versus major other integratives. you've got dp, royal dutch, all dipping or correcting in some way. exxon just unto itself. to me this is the face of fear. getting into a trad

i think we've had quite a run off the bottom. puts in apple, i like selling around the 90, 92.5 strike. if it does pull back at all, i think you actually lay back into that. >> what do we know about $90? we know berkshire hathaway, that was the level where they announced it. they didn't own it much higher. that's important. psychologically, i think people will have 90. that was the 2014 breakout level. i would make one point. i think when we said this at the time two weeks ago, the company did not buy any shares in accelerated stock in the march quarter. that's what was likely going on in the last couple of weeks. maybe you sell that 90 put against that call. >> up next, the "final call" from the options desk. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can ev

even when we bottomed before, exxon turned up as earnings turned up. it's turned up but earnings have not. so my eye, i think what you're going to get is a check back to your moving average. this bottom panel shows you in the last five years, every time we've gotten more than 10% the earned average is where you back off. we want to take profits in exxon if you were smart enough to buy it, right ball calls, try it on the short side, something. >> exxon is the best managed, lowest funding costs, lowest lifting costs, manage their cap x. a company since 2011 has seen its profits fall by half. earnings fallen by more than 70%. valuation down 15% from its all-time high. that doesn't seem to line up. i agree, crude is going to do whatever it's going to do and it always goes farther and faster than you think it will, up and down. right now you can take advantage of setting up by selling the july 92, 92.5 call spread, collect 1.10 by selling 90 calls for 2.10, collect that money if the stock stays here, even if it rises a little bit. obviously if it falls back

got no crime and we have alabaster cities on agreement with human tears and unfortunately with the bottom of the world in public education and most crime in the industrialized world our cities are in decay, and our public schools rank at the bottom of the industrialized world and we owe $4 trillion. this is going to be a tough pull to fix it. now, why am i so blunt about it and nobody else is? because the american people are ready to address it and fix it and both of the other parties say it is political suicide to talk about it. well, my objective is not to commit political suicide but i do understand that the american people are ready to deal with this and every day is precious. if you delay, it is delaying once you know you have cancer. it is like going through a period where you -- denial, you refuse to accept. it it is pretty important to get treatment quick. we're at this point, we need to do it while we're still strong. >> ten minutes ago you said you were quitting the race because you didn't want to be a spoiler and didn't want to be disruptive. now you say you're back to win this

alth as the bottom 90% [jeers] in america today, the 20 wealthiest people own more wealth than the bottom half of 150 million americans. [jeers] in america today, one family, he walton family of wal-mart owns more wealth than the bottom 40% of the american people. one family. and here is what is a rigged economy really means. the waltons own wal-mart, the largest private sector company in this country. but they pay their workers wages that are so low that many of their employees are forced to go on food stamps and medicaid. and you know who pays for those food stamps and medicaid? you do. little to me to be a bit absurd for working families to have to subsidize the wealthiest family in this country. cheers and applause] and i say to the walton family, and by the way, one of the waltons made a campaign contribution to secretary clinton of hundreds of thousands of dollars -- [jeers] i say to that family, maybe instead of making large campaign contributions to secretary clinton, pay your workers a living wage! cheers and applause] but we have got to deal with not just a declining and disappe

you'll see it on the seven-day forecast at the bottom of the screen.i'll go through the extended futurecast to show you when those are most likely to move into the area when i'm back in ten minutes. >> about 20 minutes before 6:00. looks like we have problems on 95. >> we get a glimpse. exactly where on 95 are you watching, jessica. >> this situation looks messier than it did just a few moments ago. several police cars arrived to the scene, a few ambulances are there as well. 95 around the girard point bridge headed northbound approaching that area right now. not all lanes are blocked. no big backups by the scene right now. the two left lanes are getting by. it's the right lane and right shoulder we have blocked right now. headed northbound toward the girard point bridge. no problems or delays. but they also could close off some of these lanes in the next couple minutes or so. we'll keep you updated as long as this accident scene is active on 95. there's also construction, earlier water main break around city avenue, headed northbound. small delays on

the bottom line is the triple oil etf. in order to triple the performance of what you see -- in this case, oil futures. eric: but it only does it daily. over time, because you're resetting the leverage every day, it gets wiped out. and you are dealing with contango in the a futures market. it takes a phd to understand all of this, which is why some of these products need ratings. i wrote a book around -- on etf's. movie ratings on etf. some of these products would be rated r. think -- td ameritrade showed millennials' most traded securities, the vti it was number five after apple and facebook. i think retail investors are in for a surprise. julie: are all leveraged etf's rated r? eric: hard r. julie: let's talk about some of the oil stock etf. the energy select etf. are you seeing -- because it is stock and not oil, do you see a better correlation? eric: not better but safer. to play ay, if i were bottom on oil, i would say xle. but now you're marred with stock market issues. this is up 12%. not half of what oil day. in th

i know you think it will come off the bottom. they're still down a whole heck of a lot. >> isn't it better than just fang stocks we're seeing a rotation into other -- >> what i see from those charts is that the breadth is getting narrower. if you think -- >> narrower than fang? that's four stocks. >> we lost a couple of those. when you think about it -- >> people are rotating out of some of those names. we have facebook still. but coming out of some of those four names, and moving into other parts of the marketplace, right? >> the perceived value is what we're seeing financials participate since the lows in february. that's value that i don't think will get you to a new high in the s&p. they've run out of steam for all intents and purposes in my opinion. >> i'm not comparing it to fang, but i will mention that, you know what, they raised guidance. they had a great quarter. 15 times forward earnings to me is a reasonable multiple. if you're not looking to swim in the fang pool, the names you've just mentioned are pretty interestin

so here's the bottom line.there's nothing urgent needed to tighten immediately. i say, why not be patient? let's to go elio in massachusetts. >> caller: a bay state boo-ya. >> what's up? >> especially with oil rising and a low pe racio. i'm not a fan. i'm not pushing any oil stocks other than slumber. these others? why bother? they're not my cup of tea. one word for the federal reserve. patience. take your foot off the rate hike gas. the two, three, take it off. tonight i'm revealing a very special play that could pay and won't keep you up at night. is there a reason for the call? plus, all your rawls to had line round. stick with cramer. ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. >>> we know that it is not exactly easy to get credit in this country unless you're all but wealthy. and the rate hikes will only make it harder to borrow money. so what do we do with a company like alleg

in the midst of all this there's always been a bottom. those bottoms have been stuck there. the poverty rate has not gone down. we have things that support them. but it's -- still it's not a good life. so yes, that's true. in terms of everything's gone to the 1%, again, there's another paper that i've written. a thing called itif.org. you can google my name and find that. using cbo data it is jut wrong that the middle class is stagnating. income inequality is up. i first released a thing on income inequality in 1983 and have been studying it ever since and have probably two dozen papers on it. so there's no question it's up. but the issue is how much? the issue that all of the growth has gone to the top 1% or top 5% is just simply wrong if you look at cbo numbers. cbo numbers does the most comprehensive thing. just go to cbo.gov and look under the income group and look at their papers. so yes, inequality's up but at the same time a smaller slice of bigger pie is more pie. >> "usa today" money section millennials to buy or not to buy? their dreams of owning a home in peril is

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you can see the bottom and sometimes we can't even should havshoveoff the dock. >> reporter: bottom lines time for the army corps of engineers to dredge the schuylkill something that hasn't happened since 2000. it's done on the course to do list but at an estimated cost of about $3.5 million the federal government can't seem to come up with the funds not this year, probably not next. >> there's not a good thing. there's so many people that use the river. the regattas, people come from all over the country and all over the world. >> reporter: the regattas and the fees rowing clubs pay the city bring in an estimated $50 million annually to the local economy. without rowing the clubs will go and with them, a philadelphia tradition. >> i guess i'm praying for rain until the money comes through. >> reporter: we're told the army corps engineers and the local congressional delegation are on board with the dredging. it's just a matter of coming up with the money. and frankly for the core right now other projects are higher priority. they'll be meeting later on this week to try to find some way t

you can see it in the seven-day forecast at the bottom of the screen.with the futurecast to track those

williams-sonoma beatings on top of bottom line. 53 cents.retty much in line, a tick above really all needed to launch the stock up. at one point up 7.6% in the extended session. also helping williams-sonoma the company said it is on track to deliver near and longer-term goals. that is williams-sonoma for the second quarter. back to you. david: good stuff, melissa? melissa: growing concerns on capitol hill. experts warning the obama administration is going and above the nuclear deal to -- sparking concern that the country is black mailing the white house to get further concessions. that is from the "washington free beacon" and testimony on capitol hill. we have christian whiten. former state department. thanks for joining us. this was a nuclear expert in front of the senate banking committee talking about the obama administration efforts to boost iran's economy and resurrect the financial sector warning they're becoming dangerously close to trade promotion and authority. why are they binning over backwards on this, do you think? >> a big part

discussion of the diamond bottom. >> the wapner bottom is better than the kernen bottom. >> yeah don'try to pick a bottom. it's disgusting. [ drum roll ] thanks jan. >> it is a hard act to follow, you know. >> and he even had a rim shot. [ laughter ] no heed wi ed withad a drum. isn't that what it's called. [ drum roll. >> in our next guest is o ophthalmoptimis optimist optimistic. -- >> accented snare drum back beat. >> that is what a rim shot is. >> tell our viewers what you thought it was. >> i thought it was something to do in a basketball game. >> that is a ring. >> it is a ring shot. >> hi ed. on that note. do you want to weigh in in on this? no please don't. just finishing this retail conversation. the market seemed to react through the day directly to that. how concerned should we be? >> i just heard i think it is really a micro problem rather than a macro problem. a shift in the share of spending not necessarily the consumer is in trouble. i think the consumer will continue to drive us higher. not a tremendously fast pace. i think two-ish. not that things are great but we're c

bottom of the second, bases loaded for the giants, matt williamson fails to get a hit.oreless, top of the third, there is one to the shallow left, another run for the rockies. that makes it 2-0. it did not get better for the giants. going to the fourth, that was the second out of the inning. the bottom of the ninth, the giants, the giants lose 2-0. >> oakland and baltimore are wrapping up their three-game series. there is mother. she is getting a chance to play some baseball with an oriole. the end of the first, reddick had three hits in the game. eight consecutive hits. the mlb record is 12 and he will try to break the record in the upcoming series. the first game, of the series is tomorrow at 415. baltimore tied -- 4:15 pm. baltimore, tied it up, 3-3. and then it was 4-3 at one point. a grand slam all day, orioles playing ball, bottom line, 11- 3, orioles. >>> 90,000 people have been evacuated from their homes due to a raging wildfire. they left everything behind and that to start from scratch. in a community nearby, donations are coming in by truck loads and there ar

i said oil will bottom i think tomorrow. turned out i was wrong, it bottomed a week later. it was down to $28 a barrel. i don't think we'll see oil in the 20s again. yet oil isn't high enough, anywhere close enough to forestall defaults in the energy high yield markets. we are looking at a default cycle that is already apparent. you are getting filings pretty much every day. i have a hard time believing the high yield bond will rights sharply further. gary: we'll be right back with more. >> announcer: full battle mode. trump versus clinton. the stake of america's economy and wall street next. jeffrey gundlach tells us which candidate he thinks is the best choice. if a denture were to be put under a microscope, we can see all the bacteria that still exists. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day. ♪ (music pl♪ throughout) uh oh. what's up? ♪ ♪ ♪ does nobody use a turn signal anymore? ♪ [bassist] two late nights in blew an amp.but good nights. sure,music's why we

bottom two, more cubs. another run comes around. cubs get a little greedy.e is out. 3-0 cubs. >> 9th inning, a man on for howard. 0 for 4. howard's average down to 154. the phillys fell 4-1. citi field, if they had a most wanted, chase utley would be number one. a controversial slide broke the leg of an infielder and utley said that his family received death threats because of this. he was booed on friday. driving in a couple runs on saturday. mets pitcher noah sindergard throws way behind him. he is tossed, utley up to bat, boo him, do whatever you want, and he will just rake at citi field. quite a not, not done, check this out. nightmare for the mets and dodgers win it 9-1. >>> and this is in extra time, the rapids up, but union answers. the captain ties it up, union comes away with the 1-1 draw. >>> ncaa men's lacrosse final four at lincoln financial field. nine goals in the victory over loyola. final four, rutgers and the heels advance to the national title game. thatly face maryland. i'm amy fadool from comcast sports net. >>> over seas this morning, an

i said oil will bottom i think tomorrow. turned out i was wrong, it bottomed a week later. it was down to $28 a barrel. i don't think we'll see oil in the 20s again. yet oil isn't high enough, anywhere close enough to forestall defaults in the energy high yield markets. we are looking at a default cycle that is already apparent. you are getting filings pretty much every day. i have a hard time believing the high yield bond will rights sharply further. gary: we'll be right back with more. >> announcer: full battle mode. trump versus clinton. the stake of america's economy and wall street next. jeffrey gundlach tells us which candidate he thinks is the best you both have a perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your

soon after, going to the market bottom by bottom in february. the company reported a surprising, actually stunningly strong quarter at the end of february. and then last night, they did it again. reporting a terrific beat and posting the first quarterly profits. hence why it shot up today. so how did etsy get its mojo back? first, it is reaccelerating. remember, here was the company's, which was the case. last night they posted a 39.8% revenue growth number. up from 35.4% in the previous quarter. and wall street had accelerating growth. we don't want to be too xeb rant about it. the growth could start slowing again. even if the company's revenue stabilizes, that would be a very positive development. what else? at a time when the sales, the total value of transactions made is still slowing. in the latest quarter, the sale encreased by 18.4%. a slowdown from the 21.3 in the previous quarter. but this is actually strangely a bullish sign. why? it means it has gotten a lot more effective. with 13% of the gross merchandise sales, translating into act

with the gray whales -- they're actually bottom feeders, so they're gonna kind of dive down to the bottom. they're gonna kind of rustle through the benthic seafloor for little critters, bugs, and all of that, amphipods, copepods, tube worms. and then you've got blue whales. now, we do see blue whales here -- not often. we don't have them for a whole heck of a long time. those guys are almost exclusive krill eaters, which is funny 'cause blue whales -- biggest animals ever to have roamed the planet, 100-foot-long, 200-ton monsters, and they're feeding on krill, which are like that big. but really it's because of how much energy they have, how much nutrients they have, and they're feeding on about eight tons of it per day. so, they're kind of like filter-feeding for packets of energy in the water. and if they're feeding on eight tons of it, that's how they grow to be these massive, larger-than-life animals. it's awesome. monterey bay is home to the third-largest submarine canyon in the whole world. it's actually about a mile or so offshore of moss landing. and it bisects our bay. so, it cut

the former sixers gm thought the team had to go all the way to the bottom basically bottom out and thatay they could rise eventually to the top. after winning the number one pick, a lot of fans are starting to believe in the process. today the sixers celebrated their good fortune we a party at the art museum steps the team just went through the worst three year stretch in the history of the nba the nba draft is on june 23rd. >>> philadelphia eagles taking some time away from ota's to help students build a new may ground today at distant elementary school in philadelphia's tacony neighbor. eagles own are in jeffrey lure and coach doug pederson along with the players and even first round pick carson wentz doing some painting. no word if he was paining with sam bradford. i'm just saying. >> back to the ballpark phanatic had issues with marl license fit cher had he say fernandez. fernandez did the unthinkable stealing the keys to the phanatic atv. the fan nat tuck finds philly police and says can you arrest that. take my cuffs. you are the phanatic after all. order restored. >> anyone bring

. >> he retired, and had to the bottom of the ninth in washington.ive-run lead for the cardinals. bryce harper leads for the nets. (vo) get the ultimate all included bundle. call 1-800-directv. the bud light party believes in change. that's why bud light has a new look... and we want to share it with everyone... from our national parks... to our furthest shores... jackpot! look under your seats! [squeals of delight] still the same refreshing bud light. with a new look. ♪ thope to see you again soon.. whoa, whoa, i got this. just gotta get the check. almost there. i can't reach it. if you have alligator arms, you avoid picking up the check. what? it's what you do. i got this. , dennis! if you want to save fifteen percent or more on car insurance, you switch to geico. growwwlph. it's what you do. oh that is good crispy duck. >> 9-4, cardinals, bottom of the ninth here in washington. a lot of baseball with the mlb.com app. stay up to the moment at any moment with game day, life game video highlights, stea

you can see it in the seven-day forecast at the bottom of the screen. back with the futurecast to track those showers for tomorrow. right now, jessica boyington has first alert traffic. >> we're watching the blue route, and there's a lot of construction around this area. you can see we're losing the right-hand shoulder. one lane getting through. no big backups now, but that's because there's not a lot of cars out on the roadways yet. so you can see with this ongoing construction may be here for quite some time. there's more construction with three lanes closed on the 42 freeway over in new jersey headed southbound between 295 and creek road. so about a lane getting by there. no big backups because of that. this is route 73 right near the new jersey turnpike. if you're headed southbound, you may pass this. just watch out here because this car actually is empty. it's been there since about 11:00 in the morning yesterday. so there was an accident there around that time yesterday morning. this vehicle has been sitting here for a little bit. there will be no

the bottom line is that michael farrow belongs on the wall of shame.f not if not his own personal an ex. he has destroyed value. all so the tribune can remain his own indiana play thing. i say if they want to have their own newspaper company, they should buy the whole thing. or just start from scratch give to it him to fix. the poor tribune is under. my mom loves giving me advice. she even gives me advice... ...about my toothpaste and mouthwash. but she's a dentist so...i kind of have to listen. she said "jen, go pro with crest pro-health advanced." advance to healthier gums... ...and stronger teeth from day one. using crest toothpaste and mouthwash makes my... ...whole mouth feel awesome. and my teeth are stronger too. crest-pro health advanced... ...is superior to colgate total... ...in these 5 areas dentists check. this check up? so good. go pro with crest pro-health advanced. mom's right...again! perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, y

the bottom line is, everybody searches for the best for their children. i am a supporter of public schools. i've worked in them and i know the accomplishments. i know there are some students who do not quite make up. i know many students to make it, but as far as funding is concerned, i'm glad there's funding for both. i think what people need to do is not look at the academic side as to put a child and charter schools because what that does many times, and and many times people take a look at test scores which bothers me tremendously. as an educator i probably should not say that, but it does. schools and test scores do not define students. students defined students. i think where we accept them and take them where they are we need to be proud of where they're going, where they are in their success. i know a millionaire who never graduated from high school. he would probably score in the bottom two percentile on a standardized test. i also know students who have graduated with great reading scores and great test scores and their working in jobs that are

look at the bottom of the screen. you'll see our extended seven-day forecast.e that down for your area especially because we do have some showers and colder temperatures on the approach. otherwise, philadelphia, by 8:00 a.m., 74 degrees. keeping it in the low 80s by about 11:00. your extended ten-day forecast i want to show you right now because it's very important. everybody is taking advantage of the sunshine, warmer temperatures for today. but notice, by tomorrow into monday we start to see those showers on the approach. it looks like some thunderstorms in the forecast. and i do expect some localized flooding. so if you are headed to work for those of you headed to work early monday, be sure to give yourself a little extra time there. as the week progresses we start to get a little bit warmer, but we still have some showers in the forecast by the middle to the end of next week. rosemary. back to you. >> thanks, erica. >>> in chester county this holiday weekend, the 120th devin horse show and country fair is under way. this year they got a $1 million makeover

>> since it bottomed on the 26th, it's up to 50%.rtant to keep in mind when looking at this type of analysis. we wanted to take a deep dive into the crp function. if we take a dive into the terminal, essentially what this function is doing is calculated a country risk premium for the countries that you can see listed. how it is doing this is it is preparing the expected return with the 10 year yield on government bonds and coming up with this risk premium. we are all familiar with how yields are calculated, but what is really interesting about this function itself is the expected market return. there are two copy outs. one, it's not based on historical performance. it's actually based on future analyst and -- analyst estimates with a bottom approach. taking what the investment is going to be at year-end. it's using a bottom up approach in terms of calculating expected returns for each equity within the index and rolling it up into an aggregated value. of course, within that function you can come up with charts and we have illustrated

i said oil will bottom i think tomorrow. turned out i was wrong, it bottomed a week later. it was down to $28 a barrel. i don't think we'll see oil in the 20s again. yet oil isn't high enough, anywhere close enough to forestall defaults in the energy high yield markets. we are looking at a default cycle that is already apparent. you are getting filings pretty much every day. i have a hard time believing the high yield bond will rights sharply further. gary: we'll be right back with more. >> announcer: full battle mode. trump versus clinton. the stake of america's economy and wall street next. jeffrey gundlach tells us which jeffrey gundlach tells us which candidate he thinks is the best it's free.wash! um...no, thanks. knew that was coming. he won't let anyone else touch his car. except me. here i am... working my canister off to clean and shine... and give proven protection... against fading and aging caused by uv rays. he won't use those copycat wipes. hi...doing anything later? the quiet type. i like that. armor all original protectant. don't be dull. of bad breath germs

i said oil will bottom i think tomorrow. turned out i was wrong, it bottomed a week later.was down to $28 a barrel. i don't think we'll see oil in the 20s again. yet oil isn't high enough, anywhere close enough to forestall defaults in the energy high yield markets. we are looking at a default cycle that is already apparent. you are getting filings pretty much every day. i have a hard time believing the high yield bond will rights sharply further. gary: we'll be right back with more. >> announcer: full battle mode. trump versus clinton. the stake of america's economy and wall street next. jeffrey gundlach tells us which jeffrey gundlach tells us which candidate he thinks is the best innovative sonicare technology jeffrey gundlach tells us which candidate he thinks is the best with up to 27% more brush movements versus oral b. get healthier gums in 2 weeks guaranteed. innovation and you. philips sonicare. save when you buy the most loved rechargeable toothbrush brand in america. who don't have access thto basic banking,on people but that is changing. at temenos, with the mic

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i said oil will bottom i think tomorrow. turned out i was wrong, it bottomed a week later. it was down to $28 a barrel. i don't think we'll see oil in the 20s again. yet oil isn't high enough, anywhere close enough to forestall defaults in the energy high yield markets. we are looking at a default cycle that is already apparent. you are getting filings pretty much every day. i have a hard time believing the high yield bond will rights sharply further. gary: we'll be right back with more. >> announcer: full battle mode. trump versus clinton. the stake of america's economy and wall street next. jeffrey gundlach tells us which candidate he thinks is the best this clean was like, pow! it added this other level of clean to it. it just kinda like wiped everything clean. my teeth are glowing. they are so white. i actually really like the two steps. everytime i use this together it felt like leaving the dentist's office. crest hd, 6x cleaning, 6x whitening. i would switch to crest hd over what i was using before. shoshow me more like this.e. show me "previously watched." what's rec

i said oil will bottom i think tomorrow. turned out i was wrong, it bottomed a week later. it was down to $28 a barrel. i don't think we'll see oil in the 20s again. yet oil isn't high enough, anywhere close enough to forestall defaults in the energy high yield markets. we are looking at a default cycle that is already apparent. you are getting filings pretty much every day. i have a hard time believing the high yield bond will rights sharply further. gary: we'll be right back with more. >> announcer: full battle mode. trump versus clinton. the stake of america's economy and wall street next. jeffrey gundlach tells us which cand [ soft music ] e.t. phone home. when you find something you love, you can never get enough of it. change the way you experience tv with xfinity x1. shoah, ha ha.ew artist. show me top male artist. my whole belieber fan group. it's not a competition, but if it was i won. xfinity x1 lets you access the greatest library of billboard music awards moments, simply by using your voice. the billboard music awards, live sunday may 22nd, 8/5 pacific, only on

how though the bottom line was stronger than anticipated. companies earnings release the demonstrated value of our brands and content will drive business forward in both the existing and evolving landscape references challenges and opportunities of digital distribution. back to you. >> and there was a tasty set of earnings from kraft heinz with shares up nearly 6% in after hours trade. the company posted better than expected profit of 73 cents. and that was thanks in part for strong demand for its ketchup and string cheese products. >>> making me hungry now here. whole foods trading higher after the bell. earnings beat of 44 cents a share on revenue of 3.7 billion dollars. however whole foods saw comparable store sales decline 3%, compared to analyst expectation of just a 2% fall. the company says it now expects to be at or below the low end of prior sales and eps ranges. >>> fitbit tumbled after the wearable maker issues weaker than expected guidance. josh murray has been following. >> heading in fitbit had been joid a nice run. since its f

a top and bottom beat. they have declined more than a buck yesterday. part of that decline was because the stock was in the quarter. the benefits from a weaker dollar. the greenback has been strong. some of it was mindless s&p 500 selling. that's why it came roaring back. can zoetis keep climbing? this is the ceo of zoetis. good to see you. you're going to make my job very easy on this call. the laugh few years, you had swine, chickens. this year is the year of the n dog. >> the first thing is we have now a product that we launched last year that will be available to all customers without restriction. which is very good news. >> you have to tell people. that's why we have to worry about our pets. they're always itching. >> now it is a product available and customers can get this. the second. the we just introduced it in europe and the u.s. and this probably is coming with a very strong, supporting our promotion very fast. in terms of action. and very important. it is not dropping action. >> so i give my dog, i've got two dogs and they're always running

here's the bottom line. a market that changes on a dime can change on another dime and this is likely to do so on the first whiff of weaker date from those with newfound love. don't get too carried away. the market gods crushed those who did 72 hours ago. will in virginia. will. >> caller: good afternoon, jim. my question for today on maritime oil. i've been watching this stock. it it has taken a great pull back. do you recommend i hold on or get out and sell? >> i'm going for high quality. my choice is occidental. i like chevron and exxon. oil wants to find its footing here apt 40, 41 and then i think it bounces. bob in illinois. bob. >> with the upcoming buyout, the schedule for june, should i sit on my position? >> we like the kaching of those situations. >> first time long time. coming ought from new jersey. gold is a traditional substitute. do you see gold as a good buy? >> i don't trade gold. my feeling on this show from the very beginning, when we started, is that you should have a some assets in gold

bottom of the second, a nice shot there. monster the yankees the worst team in the american league east. he wasn't done. almost in the same spot, this one in the bottom of the fifth, a two-run homer. birds beat the yankees. their final score 4-1. >>> moving to hockey, the capitals facing adversity. they trail their series against pittsburgh 2-1. if they don't win tomorrow, it would be extremely difficult to beat a quality team like the pens three games straight to take the series. last night i said game four is not a must win. tonight i changed my mind. it is a must win. the good news, ovechkin playing his best hockey. snoop he led the team with nine hits. he had a goal about assist last night following seven. frustrating the pengns need ovechkin to be at the top of his game for the series. >> great thing about ove is there's one of him in this league. we've got him. he's very physical. he's a sniper. he's quick. talk about skill, power, determination. all of those things. he's got a lot of that. last night he showed why he'

so here's the bottom line. after a hideous day yesterday where individual stocks managed to pull down whole groups in the equivalent of a phantom multicar pileup, today buyers aid by stronger oil prices returned to the scene of the accident and picked up some that were damaged. if you are not used to it, it is time you came to your senses. right now this pattern is about the only thing that makes any sense in a pretty irrational moment for the entire u.s. stock market. let's to go jeff in my home state of new jersey. jeff. >> caller: hey, jim, how are you doing? >> i don't know. how about you? >> caller: i'm on my way home. i have a quick question. a company that you've always talked about. i know they just submitted the new drug application because of manufacturing concerns. what's the skinny on the company now? is it a long term speck or something you can start accumulating right now? >> i don't know. i'm such a believer in phil frost. ever since they made the acquisition, the stock hasn't done well. i won't

are they completely looked over top to bottom? >> you would hope that. but that is not always the case. here in the united states, we take security very seriously, as well as the rest of the world. however, there are places -- unfortunately been the victim of lax type of security where explosive devices have been put on an airplane or moved on an airplane by a passenger. so it's hard to tell in the five flight sequence in the day how secure and how well swept that airplane was. the passenger cabin is typical. they have the cleaners up there. they will clean the aircraft. you have caters that will move food items on and off the airplane. but nobody is really sweeping the bathrooms and the over heads and that stuff. and the biggest problem is the cargo hold. you have all of the ramp folks that will move cargo on and off an airplane. and there are so many access panels. if it was sitting at the gate an hour, two hours, three hour, you may not know who accessed the airplane. if they put something in the cargo hold, it may not be secured. there are many, many

the dollar may have bottomed and that may have factored. energy financial materials were weak today. you know what the market leaders are. energy financials and materials this quarter and a very specific reap. those are cyclical stocks. very specific reasons why cyclicals have done well this quarter. let me show you the q2 trade, the trade everybody is doing. you have the weaker dollar and combine it with a stable china and you combine that with oil bottom and you put up the next full screen and have an accommodative fed and what you got is buy cyclicals, energies and industrials and that's exactly what everybody has been doing. today, things are just a little bit under strain with this whole thesis. first off, everybody has been buying the cyclicals like crazy so they are overbought. 21, 22 times forward. that's a problem. second problem, china's data has been choppy. overnight we saw the manufacturing data weak. it's been very hard to read and then you throw in the dollar reversings, and you've got a little reversal of trend. here's the b