we have a catalyst.t some point this company is going to do what they call an accelerated share repurchase. they did not do it in the last quarter. last quarter was the smallest purchase. that could be sort of dampening. could put a floor in the stock. to me, this trade structure, a risk reversal, looking out to october expiration, $80, $440 billion market cap for apple, they have 240 in cash at that point. when it gets down there. i think that's probably a decent level to get long. that is your worst case scenario. get long at 80, or long up at 100 on october expiration. >> mike, what's your take on dan's trade? >> one of the things is, if i'm selling puts in the name, i usually like to do it a little bit shorter dated than this. we have one other potential catalyst not as compelling as the iphone. but in july 19th, even for options that expire before that date, you could take a look at the july 90 puts. i'm kind of curious why you wouldn't think about selling those things. that's a very handsome return

but scenario will really be the catalyst to watch. was talking about the time spreads and how they are not factoring into the disruption. >> there are so many questions surrounding the direction of oil , and one thing we've looked at, you mention cash flow. there was an article today about how it starting to have an with economic factors. coca-cola saying it cannot produce there because there's not enough cash coming in. the question now is what is the next chip to fall. if the government has upon payment coming up, is that going to determine the direction that things go here? has provenrnment extremely willing to service its international debt, more so than the commercial debt it had with companies like coca-cola, which is one reason we see companies locally and venezuela scaling back production. they're facing serious scarcity in terms of the goods to keep production going and in terms of debt the government owes them. in terms of international bondholders the government has continued to prioritize those payment due to concerns abou

there is no short term catalyst. >> incentives are driving sales.ou see rates move up meaningfully and you see the subprime auto bubble start to fray a little more, you'll see sales come down. >> you're wrong on this. average selling prices have been going up. and that is net of incentives. >> incentives are increasing. >> average selling price is going up. that is net of incentives. zblaen you own the stock? >> yeah. >> expand on the thought. >> well, there is no -- force. >> you own general motors, right? >> that's right. a lot of things going for it. the negative isn't incentives. people think that peak auto sales are here. that has yet to be proven out. you mentioned china. the other thing that is not priced in here is the nakt europe finally become positive for them and is growing. >> okay. >> stocks fwhn a range for six years. i really don't even know why we talk about it. it does not move. >> you know sh it's a typical value track. >> getting beaten up on both sides, j.c. penny and general moto motors. >> they have a new manage. team in. ther

it wasn't such a huge catalyst after all. angie: how much of a catalyst is it going to be?eporter: exactly. we have come through the rough patch of it. from theng up a quote chief executive of finance investment projects. bes person obviously would looking at investing in this stock passively. he was investors are giving them a low valuation because of the china risk. -- that the msci inclusion includes them, hopefully more global investors will be able to buy them as part of their mandate. as of tomorrow, the msci might include domestic a shares. those include restricting the trading halts that we saw at the beginning of the year and also in february they added more incentive for foreign funding. angie: checking other headlines and corporate china has had a narrow escape with local bond sales. he won bond sales with the lowest and 2014 with total issuance exceeding maturity by $957 million. rising defaults are making it harder for companies to 400 $86 million of debt maturing for the rest of the year. investmentan state fund has paid nearly $35 million on its islamic debt.

what is the next catalyst to get long the stock? i think that's the question you have to ask yourself. you throw a lot of things, but for him coming out and saying he's going to buy more stock, or don't short it again. i think the stock has 180 written all over it. it's had a round trip from 140 to 240. you find yourself in the middle. it feels like there's, to me, i don't know what the catalyst is to take it higher. >> all they have to do is say, 500,000 reservations, right? >> got to make them. >> i don't like it when ceos are commenting on their stock price. he's got a lot of stuff to do. and it's a big job. i'm sure he's on the day-to-day not focused on it, but just not to -- >> there's only one reason to buy tesla, and it would be on a technical basis. we've been talking about it for a while now. couldn't produce one car, two cars, now he's got to produce three cars. if you want to play it for a technical -- >> 205 down to 190. >> those are key bounce levels. that's where the stock should in theory bounce. it can become more ov

libin, managing director of general catalyst.t after e-mail. >> i checked to confirm that. but you still use it. i see that you are using it every day. thank you. emily: you can see a lot of information about me. jonathan: that is interesting. emily: that is interesting. is that an invasion of my privacy? jonathan: a lot of services know what you're reading, but hopefully they are not sharing. we are very strict. with nozzle, it is all about people consciously sharing things. you only see stuff that they tweet and retweet. we have taken a strict policy to sharing. emily: you guys are launching a network for compiling e-mails and newsletters. why? jonathan: e-mail newsletters are now hotter than ever. people use facebook for almost an hour a day. people are on e-mail for almost six hours a day. we all love twitter. am am on twitter all the time, because people don't use twitter. people will use facebook a lot, because most of them cannot see it. they gets filtered out. we have a real direct relationship with them. phil: i am someo

. >> it feels like there needs to be a catalyst to snap the investors into it. because people are wringing their hands not really knowing -- they think fed rate hikes will equal the market volatility and step to the side. >> i think a lot of the fear now -- i went neutral in mid march. you had such a big rally. like in the canadian dollar even, you pull back. but you have to buy that pullback. the catalyst in my opinion is when we get through june. you have opec on the 2nd, i believe. the fed meeting on the 14th, 15th. you have the 23rd, that's a big deal. if the uk leaves the eu, it's a big deal. >> 15% to 20% rally in the s&p. how do you wrap your head around valuation for the s&p? right now, my opinion, an earnings recession, 17 1/2 times-ish. you have to ratchet that number up to the low 20s to get to that number. >> unless you're in recession, you don't peak a bull market until you combine the operating earnings, pe and inflation, it gets to 22%. in the 1970s, when you had inflation at 14%, a market pe at 8, you got to 22. now, you have a pe of 17 point --

if the two countries work together, they can be a catalyst for change and a catalyst for peace and betterity. one of the biggest threats that we face is extremism and terrorism around the world. pakistan has played a major part, and will play a major part to see how this can be handled, managed, and reduced. david: the pakistani economy has been growing. you contribute some of that i'm sure to the price of oil. how does this country attract more private investment going forward? >> pakistan shaukat: -- pakistan -- shaukat: pakistan is a market of 200 million people. they are talented and have all sorts of skills. we have always attracted a reasonable degree of foreign investment. we give a level playing field to everybody. the other thing is the country has been reforming. the reform process continues, governments have come and gone. we don't do you turns every day. u-turns every day. despite extremism and terrorism having an impact, a negative impact in pakistan, foreign investment still comes in because the returns are high. it is a country that is growing. the market has a lot of room

but to me, there's a lot more catalyst going on in natural gas going forward than crude oil. and obviously a lot of the companies that boone mentioned will thrive if natural gas picks up. number one, i don't think we're going to see a repeat of the weather that happened this past winter. number two, with the l and g filing getting on track in the united states with increased exports to mexico, with increased demand, more conversion from coal to nat gas, and if you get a typical winter and maybe a cold winter and a hot summer, you could see the price of natural gas go up by 50, 60%. to me, that's someplace where there's a lot more catalyst and you can't have one or two people influence the price in five minutes by 10%. anthony: mark, from a trader perspective, you're long at this point? >> yes, i'd definitely be a buyer of dips in natural gas and crude oil if i was looking to do something, it's a little esoteric, front spreads in heating oil and gas lean and crude, because i'm sure boone knows, with the market being at $43 in wti, the front month spread in brent went to backwa

jonathan: a real catalyst for a conversation. thank you for joining us.i did not know the fomc ordered pizza. amanda: that is real insider information. david: let's turn to earnings. 90% of the companies have reported their earnings so far. not do so well compared to the same quarter last year but that does not mean there was any growth -- not any growth at all. david bianco of deutsche bank is here with us. but first let's go to matt miller. matt: i wanted to show you a little bit of what you already know. done with earnings season. 444 companies out of 500 have reported. it has been terrible compared to the same quarter a year ago. is energy. loser earnings are so far down we cannot even measure it in positive terms. financials down 15%. we do not often look at this price reaction chart. i want to zoom in and look at what's going on. everything in this quadrant is very interesting and in this quadrant. we have the one day price changes. things have gained. below they have lost. aggregateis we have earnings growth for each of the individual industry grou

then you put a catalyst on top of that.ble wall that oxygen can get through. almost like your own skin. what i love about this is that if you take a shower, it's not going to go away. >> when you say catalyst, i mean what does that mean? >> it's another cream you put on top of it and it creates this very permeable but soft, at the same time it's strong. and the oxygen can get through it and you cannot wash it for about -- it stays for about 24 hours. you need another solve ant to clean it off. >> and it's clear? >> it's absolutely clear. no one will know. that's for cosmetic reasons for bags under the eyes and wrinkles, but the future of this -- >> when will we get it? >> infections and burns. >> i think a year or two in the doctors' offices. >> it's big revolutionary science. very excited. >> have a good sunday, guys. see you next week. >>> this is a fox news alert. a little over an hour ago british bomb disposal experts carried out a controlled explosion on a suspicious package found just before kickoff at an english socc

it is hard to find a specific catalyst.ver: definitely helps when you open the day with european indexes across the board, on the other side of the pond, trading at standard deviations two times as high as they normally close. does not help. and you had some company-specific news. a good day from apple again. nice to see that back in the mix. overall, great day for biggest day in three months. >> and new home sales -- killer. really amazing new home sales. it will be paid back down the road data helps with risk on momentum. matt: greece's creditors have reached an agreement that will allow the release of 10.3 billion euros of aid. they have also committed to taking steps to believe the nation's 321 billion euro debt. after meeting off european finance ministers, they european monetary fund softened its stance. what will be the political impact of this? ian: there were three main headlines really last night. there was the deal on the payout of 10.3 billion euros degrees. there was also an agreement to look at debt relief in

there has to be a catalyst. there is always a catalyst that takes it go. are experiencing it right now. brazil is performing extremely well. there has been a big change this year. emerging market currencies are outperforming the u.s. dollar. commodities are up. these are factors that right now are creating positive earnings momentum for companies and emerging markets. francine: when i talked to a lot these are companies that are suffering because of their exposure to emerging markets. they were the big miracle of the decade, they would decouple from the u.s. economy. when we going to see this new thing? janet: i think it's going to take time. we will see the growth come through. there is still huge potential for productivity. that they got lazy with growth. when they were flooded with cheap money and provided by central banks and the chinese investment story, they were accumulated a lot of debt. they were slow down for structural reforms coming through. what some of them are waiting , the ones that are serious about growth should be using the opportunity t

if you go back and look back, it's not a huge catalyst for nike over time. actually think there's a good way to disparage that. >>lo footlocker and nike both prominently talk about basketball shoe sales in their annual reports and quarterly earnings. whether it is direct to consumer sales or whether it's in the footlocker stores, these are the products that need to be selling well for them to start beating earnings. if there is a potential source of weakness, this is it. >> isn't there a bigger problem, carter? here's another prior leader. think about it. disney, starbucks, home depot, the list goes on and on. >> mcdonald's is starting to crack a little. >> growth stocks are under duress. that's the way to go forward. the big names are all rolling over. it doesn't get any bigger than nike, footlocker, costco, so forth. >> yeah. all right. got a question out there, send us a tweet to @optionsaction. if it's nice, we might read it later on in the show. and for everything "options action," check out our website at optionsaction.cnbc.com. sign up for the newslet

looking at catalysts, ceo speaking on may 24th. i don't know.ome of this stuff could happen to kind of snowball a little bit. >> that's a pattern that's bottoming. also this, if you were to look at the 30 components of the philadelphia semiconductor index, guess who's bringing up the rear. today bottom four, intel. intel seems specifically not as good. >> here's the thing. we know this. the pc supply chain and smartphone supply chain is a disaster. >> but to your point, though, it's priced in already. this is not an expensive stock. trading at probably 40% discount to the rest of the market. if you are going to try to make a bearish bet, do it with a trade like this. >> you wouldn't do it per se. but what do you think of the trade? >> i like the trade. i have a put spread in the smh right now. i'm looking out a bit longer dated. to me, this is something where i think if we have two disappointing quarters, listen to the -- look at everything. it's really bad here. microsoft results just a month ago were not particularly good either. so i think th

the question becomes what is the catalyst to survive? to giveou've got year-over-year iphone use.ve been getting the deterioration of the stock price. i think that's going to push to $131. this year over year growth is going to be the same. we are on a sick of pitted upgrade. they have a stronger refresh cycle. i'm not sure why that is. result, we are to have the same growth system. you're going to get two years of adjustment. that's going to drive apple being a good long-term investment without the volatility associate with product cycles. shery: thank you so much for your time. come, stay tuned for better returns from wall street is banks. more of this interview from beijing is next. ♪ shery: let's get straight to julie. she has breaking news for us. beie: monsanto is going to rejecting the offer. it's not a surprise. $122people viewed the price as a starting point in negotiations. the shares are taking a little leg up. this does reflect some investors skepticism that even at the two sides can agree on a price, regulators will allow a deal to go through. we've heard some rumblin

so a number of catalysts that should drive the stock higher.not really priced in. management, not a lot of caller and subscriber growth, but in the filings it did say that subscriber growth was down 1% compared to 2% last quarter, so we cease and deceleration in subscriber growth that is likely not priced into the stock. jon: stan, thank you very much for joining us. we appreciate your time on disney. coming up, it is the brits versus the u.s. in the biggest showdown since the revolutionary war, apparently. matt miller. fighting it out in chart moore's. that is next. -- in chart wars. that is next. ♪ jon: this is "bloomberg ," about 38 minutes away from the open in new york city. let's get you up to speed on where markets are right now. futures softer in the u.s., equities softer as well. -- dellures up by 36 futures off by 36. the stoxx 600, the italian banks leading in some of the losses. thes go through some of other asset classes. more supply coming in the downury market, 10 years, by 1.75%. theputting the bottom in dollar, calling the

. >> reporter: the catalyst, 27 point go around. it is another key indicator of strength in numbers.>> it was a great effort to give the starters enough rest. and to help them out. it does take a full team effort against oklahoma city because they are so talented and difficult to guard. >> reporter: they hope to never experienced the deficit again. >> game three, it will be a dogfight. we have to be ready for from the jump. also in an environment they had their. we will be ready. i like where our focus is. we have to go out and play hard and play with the same kind of spirit we did tonight. >> reporter: off the court news, the ceo, he won the award for sports executive of the year. he was honored by the sports business journal. that ceremony happened in new york when the game was going out. they are back on the court and sunny for game three in oklahoma city. reporting live from oracle arena. >> game three sunday and oklahoma city. they will be back at oracle arena next thursday. >>> he has an update of breaking news that we have be

he urged graduates to be catalysts for change for the so-calledded 9%. -- 99%. he also criticized republican presidential candidate donald trump and paid tribute to the late singer prince with a reading of his song, "baltimore," that was released last year after that city's riots. this is about ten minutes. ms. . [applause] >> hello. that's weak. [laughter] hello. >> hello. >> thank you. greetings to the johns hopkins university, my good thanks to president daniels, the board of trustees, the faculty administration, especially the graduating class of 2016. [cheers and applause] and, again, we must acknowledge that people made this all possible, the parents. [applause] as the great philosopher and poet mr. p.r. nelson once said: dearly beloved, we are gathered here today to get to this thing called life. [cheers and applause] but on this occasion of the graduation of this class in the year of our lord 2016, johns hopkins university, i've been blessed to do what i want, what i love. i love what i do and what i do is i make films. i'm a film make per. i'm a storyte

are there catalysts? >> there are. he looks over done. i looked at them having been under valued prior to what happened in the last month but i think we have c car coming up in june which will be important for bank of america most important for bank of america and for city and not so much for jp morgan. i think there is more upside in city and bank of america. >> interesting to see what they reach for in the last month, though. jp morgan was up 5.5% and bank of america and city was flat. bank america up 2% and goldman sachs couldn't catch a bid. if you see a bid coming back, j.p. morgan is still the favorite in the group. >> as a group. tim talks about this. there is best capitalize as they have been historically and evaluations are cheap. my problem with the banks is how do they make money in this environment? the 210 spread is the narrowest since december of 2007. that is not bullish for banks. >> yeah, but i will just say there is other parts of business doing well and if you remove a lot of capital concerns for jp morgan even though i

it is the catalyst and ultimately the productivity. >> and the point of the 50-point range in the s&p in a month, and days in february and march with 5 50-point moves out of the s&p and now 50 points for the month, and now you are talking about the compression here not breaking to the up or the down, but it is consolidating and so if you want to be glass halfful, it is consolidating. >> let me throw some cold water here. a tremendous amount of money going into the quan strategies so when you see a market get down to the levels, they come in to drive the momentum, and the etf and the passive money kicks in and take it up to the higher range, and this is the vol ti. while it is in the 50-point range on the s&p, that is fine. but i am not sanguine about the market, and you can't get too bearish. >> if the fid is goied is going rates because it believes that the economy is bet, and cyclical stocks may be better than the plays so far, the yield proxies and the utilities or whatever, and could you have a rotation from those areas na have worked because of the yield they provide to investors

general catalyst, founder of evernote, thank you for joining us on the show today.ere for the hour. it is now time to find out who is having the best day ever, and today's winner is apple ceo can cook. -- tim cook. he is getting the rockstar treatment on his first trip to india. followed by reporters and photographers everywhere, and hopes the publicity turns into sales. india is mostly untapped territory for apple. the apple ceo wants to lower the price of iphones in india, and sell preowned devices that are refurbished. that does it for this edition of bloomberg west. monday i will be joined by a new guest. have a wonderful weekend. see you next week. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." we are going to want to have the four corners of the airplane, so to speak, the wings him of the nose, the tale, and look at the evidence, and that will help them understand the sequence of events and also we are seeing the flight originated, if it was a failure, or an explosion. they can get that information from the physical evidence. charlie

rishaad: what is going to be the catalyst for the authorities to act? much pressure on them to do something. guest: i think this year, the government will always try to take the least painful way out. the catalyst -- i look at the industrial sector, we are back to 2008 levels. rishaad: and you look at that with the pmi's, there is contraction with that. maybe 47 months in a row now. guest: i think that will not change. i think that we are going on a path of slowing down, putting more pressure on the mpl's. rishaad: and where does -- the in all this? guest: i think there will be downward pressure. mainly because of the cash flow. they will close a lot of loopholes. rishaad: essentially a slowing period for how long? a year or two? guest: i think it we do not deal with this up front, we will have lower growth. it will be difficult to do. rishaad: thank you, francis. iphone, the leather collection. not quite what you may think. more on apples latest trade market in china. -- trade battle in china. ♪ ♪ rishaad: apple has been having a tough time in china. i

lots of catalysts. this market is making a severe judgment. companies with lots of cash don't have much growth and the cash is being held against them. thes company have few opportunities to grow. i think that's nonsense of i think the market's judgment is too severe but we're stuck with it until these guilty cash heavy tech companies are otherwise proven innocent. >> rick? >> i heard potential buyout rumors. it was around 17.5%. what kind of company would want to buy them when they're traded -- >> we don't recommend companies on a takeover basis when the kroim in decline. >> curtis. >> caller: thanks for taking my call. >> of course. >> kroger, doing the things they need to do to stay competitive. do you think they will continue to be competitive in this sector? >> i am concerned about walmart's cush side. i think they're going to do perishables at a much lower price and i think whole foods is being reinvigorated. i think kroeger is a hold. let's to go stewart in my home state of new jersey. how are you? >> caller: i'm doing great. you're muc

>> i don't know what the catalyst would be.think anybody know is very for power interesting. it was a different cocktail in the 1960's. the power was being passed to the people and not the military, relying on the populist to deal with cultural and internal issues. this is the opposite. this is not analogous to that at all. but he is the next most powerful leader after mao, and we have to watch his every action. hasaad: one of the actions been the statement saying that japan has been acting in a petty manner to paraphrase what they have been saying. to japan, they seem to be, well, unable to get there in economy going at all. tell me what is going on there. we have this possible delay in the sales tax hike, something most economists say should happen. where does this leave abenomics? >> very difficult questions, but i will make two points. and its growth will actually contribute or detract from what happens in japan. if china growth continues to improve, that is a big positive for japanese exports. we have to hope that occurs.

i do not think there will be a positive catalyst, just very little news flow. we remain cautious.s a lack of a catalyst for the next year until the model three hits production and the targets they put out aggressively. you gleamed more information on how they could ramp up to this high number? they surprised with how aggressive they were. we have indication on how they will get there? >> for an established automaker, the targets are putting out our aggressive. i do not have a strong sense of how they will achieve that. i do not expect them to achieve their targets. megan: when we look at the of tesla, will this ever be a stock where the expectations match the reality? >> i'm a value investor. tesla is tough for me to like. it is pricing in the future, trying to anticipate what would come. the way the stock works over the if they can bring their technology and vehicles to the mass-market -- which is what they're trying to do david:. it is not only if they can produce the 500,000, but if they can make money -- particularly on the model three. you have done research suggesting they w

it is a pretty big rally on the economic catalyst. 100 89 points. by about 1% each.he volume is 13% below the 28 -- 20 day average. take a look at the imap. it has been the same handful of groups leading throughout the day. materials, industrials, energy, and financials. technologyry and stocks are also gaining a bit today. the individual movers contributing the most to the s&p 500's gain our amazon at a record after the price target was raised to $1000 per share, and microsoft getting some steam, as is general electric. we have earnings movers trickling in, not just disney, but a couple of numbers out today, down at a business information and technology company, earnings beating estimates, international flavors and fragrances, and allergan not only coming out with earnings but saying it will be doing in up to $10 billion buyback once its sale of generics business is complete. oil is also a part of the story today as we see oil prices gain and they are at the highs of the session, up nearly 3% on seeings that we could be in nigeria and libya. >> they're not moving as

there were not any headlines that seemed to be the catalyst. certainly a drop in manufacturing would not be good for oil prices and we tend to see oil and stocks tracking together. stocks coming down after we saw, oil to this leg downward. i want to look at the other assets we are watching. gold prices have been on a run, up 1 -- up half of 1%. investors have trimmed their interest in gold just a bit. this is the price of gold and this is the net long in gold funds. we have had inflows going back to earlier, this year, but we saw those inflows drop by the most we have seen since the money started coming in. people pulling back to some extent. despitetopic has been the central bank stimulus we have seen around the globe, there is waning confidence in it working, whether in japan, europe and yours our questions about the fed strategy here in the u.s.. here is the 10 year yield and as we have seen, it is a rising /ine environment in theater theater -- in theory. the euro is trading at the highest versus the u.s. dollar cents last august -- since l

one of the catalysts with club for growth. a group based here in d.c. who donald trump has had a very public spat with. to attract roughly $10 million to construct in the primary. a club for growth spokesperson tells us there were no longer pursue the site will not help a trump in the general election either because they do not view him as a progrowth economic conservatives. instead they will focus entirely on down ballot races. and action will do what we've always done best, fight hard to win congressional elections for true economic conservatives. you might also remember they have threatened candidates a couple months ago if they publicly supported trump. now that group says that no longer is the case in the act of faith as they put it at the primary is over. back to you in new york. nicole: thank you like burma and washington. lauren: mexican president vincent jay fox apologized and after strongly criticizing trump for strongly criticizing lauren simonetti wall between mexico and the united states. in an interview, fox that forgiveness is one of the

this could be the catalyst that turns the aussie dollar and probe the canadian dollar around. >> andnflation costs, the rbi, too, right? >> yes, that low inflation rating has prompted them to ease. we think we'll continue to see more easing. >> the bank of canada is obviously keeping an eye on the devastating wildfires, what that means to the oil supplies there, do you think this will lead to more devili -- dovish there. >> this again could prove the catalyst that could shift to be slightly more dovish. particularly against the backdrop that the fed is less inclined to hike. >> steven, you're staying with us. send your e-mails, your tweets through. "street signs" @cnbc. that's where we are on e-mail. nancy and i are on twitter. >> @nancycnbc. >>> now, greek officials saying they're confident they can unlock the next transition of the economic bailout, this happens after the finance ministers meeting taking place yesterday. they discussed debt relief. speaking in brussels, the greek finance minister spoke an optimistic tone. >> our expectation is by the 24th of may, given that we've n

is there a catalyst for apple in the near-term future?k what we didi, we see a company that has a lot of resources, particularly cash all over the world, yes -- less than the u.s. because they are spending it for buyback of dividends. , in one of the worst quarters it's had since 2013 fiscal year, generated $9.3 billion in the quarter, which is to say the money they spent on didi is equal to about nine or 10 days of cash generation. they are creating so much cash, they are creating opportunities. whatever investor looked at the steel and said, what are they doing with this cash, it is 10 days of cash for apple. it shows you what a money company this is. carol: great perspective. talk to us about this investment that apple made. what does it say to you? you got -- do you like this investment? you look at the offshore cash they have, it is logical for them to do things like this. them to a better presence on the table in china, a better presence in the transportation market, all things apple has aspired to have. almost surprised apple does

. >> the frisco 500 strikers who were the catalyst issued a statement saying we have won this battle, but the war is not over. they are still demanding the resignation of mayor ed lee. in san francisco, abc 7 news. >>> tony chaplain has been with the police department for 26 years. the oklahoma native is a lieutenant who led the department's homicide and gang unit. this year he became deputy chief to deal with policing. he received the silver medal of valor and arresting a gang member without anyone else getting hurt. >> this is the third fatal shooting in the past six months. on april seventh, two officers and a homeless man. he charged with police after being hit with bean bags. on december 2nd, 26-year-old mario wood was shot at least 15 times. he was accused of stabbing a stranger and he refused to drop a knife. the coverage and impact on the city continues on the news app and enabled push alerts to get updates as they happened. >> no sign of the wreckage from missing egypt air flight 804 more than 24 hours after it vanished over the mediterranean sea. they announced the airbus ha

we have also learned that the catalyst for change has always been young people, just like you. young people who reject stereotypes. who turn away from old ways of thinking, who insist that we can and will do better. now i cannot tell you that your choice to change the world, the way you live in honor and obligation to others, i cannot tell you this will always be comfortable. i cannot predict the exact results of your actions, but i can assure you, i can tell you today that by working to improve the circumstances of your own particular time and place, you will create ripples of change that will flow far into the future, expanding as they go in ways that none of us can ever imagine. and if you need proof of that, look no further than our own history in this country. now we know that the lawyers and the merchants who gathered in the pennsylvania state house to declare their independence from britain did not have you and me in mind when they asserted that all men are created equal. they were not thinking about us. they had pushed us off the page. but their words have inspired move

. >> the frisco 500 strikers who were the catalyst issued a statement saying we have won this battle, but the war is not over. they are still demanding the resignation of mayor ed lee. in san francisco, abc 7 news. >>> tony chaplain has been with the police department for 26 years. the oklahoma native is a lieutenant who led the department's homicide and gang unit. this year he became deputy chief to deal with policing. he received the silver medal of valor and arresting a gang member without anyone else getting hurt. >> this is the third fatal shooting in the past six months. on april seventh, two officers and a homeless man. he charged with police after being hit with bean bags. on december 2nd, 26-year-old mario wood was shot at least 15 times. he was accused of stabbing a stranger and he refused to drop a knife. the coverage and impact on the city continues on the news app and enabled push alerts to get updates as they happened. >> no sign of the wreckage from missing egypt air flight 804 more than 24 hours after it vanished over the mediterranean sea. they announced the airbus ha

what is the catalyst to drive it higher?ure, but i would argue that the window is effectively closing and an event will come along to trigger higher volatility. julie: ok, it might not be earnings season right now, but looking at the retailers we will start to hear from more and more of them. you are looking at gas in particular. which has been -- i don't want cap in it -- looking at particular. there has been a lot of negative iniment and i guess -- gap particular. there has been a lot of sent -- negative sentiment. jim: that has turned around, with channel checks going back to march about promotional activity turned negative. retailers have been very promotional, number one, with commentary from company management being very cautious. we entered being constructive. that turned around a month ago. one that she is particularly cautious on his gap stores. she took down the first quarter for --. estimates. very emotional across their brands. there really is the potential for dislocation. it levelsk is now 2011 levels. we still

one accident in particular is the catalyst that puts this new concept on the map. on december 28, 1978, a shocking moment when a united airlines dc-8 slams down in a residential neighborhood of portland, oregon, just six miles shy of the airport. passenger amy ford connor, 17 at the time, is on her way back to washington state where she's about to finish her senior year of high school. >> what it felt like is the -- when you first land and you do a little bounce. that's what it felt like. so i thought we were going to have a fine landing at the airport. >> it's a nightmarish ending to what started as a routine flight. united 173 takes off from denver at 2:47 p.m. 189 people are on board. first officer is at the controls. >> it was right after christmas. the plane was full. we were all going back to wherever we were going. after spending the holidays elsewhere. it was a perfectly ordinary flight until we started making our final approach to the portland, airport. the first time that we realized that something was wrong was when we heard a very loud thunk and the pla

what do you think the catalyst will be to bring the market down. >> one, we enter all of s.ession. we only grew a half percent in the first quarter. the ray consumer and retail stocks are trading, it's getting worse, not better. china, they have to recap their banks. the question is when do they do it? i think they fear donald trump and too big a change for their own global reasons. the third is the risk of donald trump actually winning. it's feared more by foreigners than actual americans. anthony: do you fear it? >> i don't. i think the discounting of a potential trump win is something you need to hedge yourself against. it's been radically changing. i think there is a good chance he will win. i think if he did, i think he would do the infrastructure spending. i do not think he would be any more hawkish in terms of monetary policy. i think he might replace yellen. but he would want to be as loose as possible. the dream setup for me with the hedge fund is if we do get a china deval, there is a washout. gary: that sounds like a 2008 washout. >> 2017 after this recession ther

this may be a positive catalyst as they've pressured macy's to set off its holdings.hat. >>> when we come back, today's can must reads" including one on what trump and clinton would mean for the markets. >>> and today is national third shift or night shift workers day. observed in the second wednesday in may and honors those who lead a more nocturnal life. we can relate. emergency workers, truck drivers, and they make up 1%. while more than 2.5% are rotating shifts. >> and those who get up even earlier than us, our producers. we appreciate that. >>> welcome back to "worldwide exchange." to today's "must read" stories capturing our attention. "wall street journal," my pick is titled "the cable bundle will be reborn." that of course relates to disney's earnings out late last night. the authorizing light tv is the biggest challenge for the internet. you can't sell copies in advance. live tv if handled like on-demand tv would clog up the internet with streams for every viewer. very opinionated view. the espn subs are falling but is that in line to the content that espn ha

>> the catalyst is our preparations for the rnc. we looked at what other cities have done.ould we do? what is a smart decision for the stiff cleveland to run a first class convention. what are the preparations we need to do? this is one of many items that we thought would have been wise, would be wise to do to run a first class convention. >> in addition to this then, is there anything you can share that represents the protections put in place, the preparation put in place in anticipation for a convention of this magnitude? >> absolutely. our city of cleveland intelligence unit is very good. and we've been dealing with situation of unrest for many months. we're working with secret service, homeland security. our counsel held hearings with the rnc committee on arrangements who have been through many of these conventions and told us no less than three times, they are very comfortable with the security arrangements that have been made thus far. they are very confident in the security plan that's being put forward and i'm very confident in our counsel is confident we're going t

it is hard to find a specific catalyst.ver: definitely helps when you open the day with european indexes across the board, on the other side of the pond, trading at standard deviations two times as high as they normally close. it definitely helped quite a bit. and you had some company-specific news. a good day from apple again. nice to see that back in the mix. overall, great day for biggest day in three months. >> and new home sales -- killer. really amazing new home sales. amazing home sales for april. it will be paid back down the road. helps with risk on momentum. matt: greece's creditors have reached an agreement that will allow the release of 10.3 billion euros of aid. they have also committed to taking steps to relieve the burden of the nation's 321 billion euro debt. after a meeting of european finance ministers, the international monetary fund softened its hardline stance. what will be the political impact of this? ian: there were three main headlines really last night. there was the deal on this payout of 10.3 bil

it is hard to find a specific catalyst.ver: definitely helps when you open the day with european indexes across the board, on the other side of the pond, trading at standard deviations two times as high as they normally close. you had some company-specific news. a good day from apple again. nice to see that back in the mix. overall, great day for biggest day in three months. >> and new home sales -- killer. really amazing new home sales. it will be paid back down the road. helps with risk on momentum. matt: greece's creditors have reached an agreement that will allow the release of 10.3 billion euros of aid. they have also committed to taking steps to relieve the nation's 321 billion euro debt. after a meeting of european finance ministers, the international monetary fund softened its stance. what will be the political impact of this? ian: there were three main headlines really last night. there was the deal on the payout of 10.3 billion euros to greece. there was also an agreement to look at debt relief in the future. deta

that may be the catalyst that leads to something, but if somebody owes me a soda pop, and they come tod say, "hey man, i need to get that soda pop you owe me," i'll spit in their face and talk to them like they're a bitch or something and then they kill me, whose fault is it? it wasn't about the soda pop no more. you on the street, yeah, you call the police and put a stop to it. what do you do in here? i tell you what you do. you go get you a knife, and you stab that son of a bitch, and you say, "you ain't taking nothing else." that's the end of that. here's what happens when you come to take something from me. 98% of these son of a bitches in here ought to be taken out somewhere and shot in the back of the head. maybe -- maybe i'm part of that 98%. >> at holman, inmates like bobby gilbert who commit a violent act are sent to administrative segregation, or "seg." here, they spend 23 hours a day in solitary confinement. >> in seg, they can't smoke. they can't be out without being handcuffed. have to have someone escort them everywhere they go. >> treat me like i'm an animal. i ain't no

what do you think the catalyst will be to bring the market down. >> one, we enter all of s.ession. we only grew a half percent in the first quarter. the ray consumer and retail stocks are trading, it's getting worse, not better. china, they have to recap their banks. the question is when do they do it? i think they fear donald trump and too big a change for their own global reasons. the third is the risk of donald trump actually winning. it's feared more by foreigners than actual americans. anthony: do you fear it? >> i don't. i think the discounting of a potential trump win is something you need to hedge yourself against. it's been radically changing. i think there is a good chance he will win. i think if he did, i think he would do the infrastructure spending. i do not think he would be any more hawkish in terms of monetary policy. i think he might replace yellen. but he would want to be as loose as possible. the dream setup for me with the hedge fund is if we do get a china deval, there is a washout. gary: that sounds like a 2008 washout. >> 2017 after this recession ther