joining us irk mooalbake, he a health care analyst with raymond james. archael, i have to confess i am a little bit uncn what these three intend to do and how they intend to do it. can you shed any light on that? >> yeah. i mean based on what they sai far, i think the initial focus will be on enhancedec transparencyse we as consumers are being asked to pay re, given tho high deductible plans yet we don't have the tools in hand to effectively shop and balance costs and quality. so i think that that will be one thing. i think also internally they will try to figure it out first before they try and spread it out. i was also kind of interested to hear that they planned or selected kind of a non-profit organization, because if you really wanted make a big bang with a new entity you mightant start for profit, drive more capital in. at this point it doesn look like they are trying to build their own health care system. it looks like they are trying to make it more fish and put, as others have said, margin pressure on it, so tospeak. >> and what do you think abo

raymond james um graded to out performer.old to buy. >> if your head is spinning like you are trapped in a heavy duty laundromat machine, you are not review how was whirlpool quarter? what should you do with the stock? i find it helps to put the upgrade and the downgrade against each other to get a read on the best arguments of both sides. if the stock goes down, you still, you know what to expect i recommended whirlpool a year ago because i expected these new washing machine tariffs. the stock has been a disappointment, down three bucks. you have done a lot better if you picked up whirlpool in the weakness mia culpa. you can get it right the reason whirl pool stock is disappointed i didn't see those coming. it sure didn't help when we found out that amazon was partnering with sears to sell kenmore online of course the sears situation. as we began 2018, people weren't exactly expecting great things from whirlpool the company had turned into a serial disappointer. and then last week happened. these tariffs are going to be huge

. >> heading the other way, whirlpool upgraded to outperform from market perform at raymond james. the firm notes the prospects for price hikes and improved washer margins. the shares agitated closer to the mark closing at $189.97 up 1.5% on the session today. kb home was upgraded to neutral from underperform at buckingham the firm sites the decline in the stock and says kb is on track to meet or exceed its 2019 goals. it maintains a $34 price target but shares closed below that level, down nearly 2% at $33.16. >> still ahead, why wynn resorts lost billions in market value in today's trading in just a matter of hours. >>> a surprise ruling against boeing. the international trade commission voted in favor of canada's bombardier in an ongoing trade dispute. the commission ruled boeing was not harmed by bombardier and its c series jet. bombardier argued that boeing benefitted from bailout subsidies and allowed them to sell to delta at ridiculously low prices. >>> new york, noij, and connecticut are triple teaming up to sue the federal government. the states challenging the recently pa

here to talk about that is ed mills, washington policy analyst at raymond james. welcome back.ood to be here. >> nice to have you here. handicap it for me. what odds would you put on a government shutdown. >> we might shut down but we probably don't. i think at this point it looks likee to the going to get the long term deal that we re hoping to do. we are probably not going to get the month long deal that was on the table that started the day. it looks like we are probably headed towards a very short-term extension of five days or less, forcing folks back to the negotiatin table, and seeing if we can work through the weekend and get that long term deal hammered out. one of the worries from other analysts and economists that i have talked with about it is the fact that the immigration debate is integral to this deal. and that's a very emotional debate and a very passionate -- dpebtding on -- on whatever side you are on and that that may be a bigger sticking point than times past. >> yeah. i think the daca debate, he is probably the president. if the daca fix that kind of was ne

ofis health, raymond james grading that stock even after is that earnings would be at the low end of estimates -- cvs health. the market ist not pricing in the aetna acquisition being good for the company. the: 22 minutes left of thursday session. stocks are jumping today. there is a secret most upswing in global equities. the second day of gains, best front for almost a month, biggest rise for almost two weeks for the stoxx 600. the currencies are rising. bond yields, commodities, and cds. let's talk economic activity in the euro area accelerating to the fastest pace in almost seven years. services surging while factories benefited from booming domestic demand, record growth and export orders. this is the composition pmi, which is rising to 58.1 in december from 57.5 the month earlier, beefing expectations be a growth momentum was the strongest in ireland. france coming second. activity in germany reached its highest level animal seven years. it u.k. house prices will barely gain this year after slowing markedly in 2017. that is according to nationwide building society. property rig

morgan, i'm not going with that raymond james downgrades capital owned gas, that makes -- one of theorst performers in the s&p and way, way too high. natural gas, i don't know what it takes for natural gas to budge. i guess we have to go to minus 40. >> we might be going there by the end of the week. >> minus 40, your spit freezes before it hits the ground. keep that in mind. all right? >> it was minus 60 at the top of the mountain where i was. >> something else freezes when -- i won't go into it i hope you didn't have to. that's all i can say how about the j.c. penney and sears cutting out of advertising? of course they are saying -- sears and ge are as optimistic as you can get right? everything is always right whatever they do. >> you're putting them in the same bucket? >> no. no, sears is in a -- sears is in -- there's a hole in the bucket, remember that song you probably actually still sing it to your kids. there's a hole in the bucket but i -- i don't know. i don't know >> i don't want to go there. >> you don't know that song? >> it's a disney song? how about the disney upgrade

back to you guys >> thank you potential investor plays in the market raymond james, thank you for joinings a big piece -- flip side of the weak dollar, so where do you think are the best places to invest in the energy space right now >> so look with brent that's $70, some of the easy money has been made and dollar's helping in that regard, and for the record, our forecast for this year is basically where we are today, $65 of uti, $70 brent, and that said, from an equity standpoint, if we set aside the commodities for the moment, you know, energy is less than 7% of the s&p 500. five years ago, that number was closer to 12%, so the whole sector in terms of the equities rewried down in a big way. >> right >> it is coming back alive you know, there's clearly some sector rotation back into energy, but this is, you know, the time to start getting more selective, and we certainly would not be buying everything >> cut to the chase here let's cut to the chase here. we want to know. be selective tell us! what's your favorites? >> okay. so oily ideas for you on the large gap side, oxidental, a great

. >> for more on the deal, let's bring in michael baker from raymond james and anna guptin. thank you for your time. we saw a knee-jerk selloff in the health care space, especially insurers, pharmacy managers why do you think they'd feel under threat from this >> you know, this amazon effect or threat has been widely talked about. and most recently there was thought it was starting to die down and then you got today's announcement and so, you know, that's some of the reason we've seen, you know, the weakness in the stocks today. >> anna, you see this as more of a headline risk, a scare, as opposed to a long-temple fundamentfun term fundamental risk. >> i would be a big buyer on weakness i would pick united health and anthem and cigna as the three names that are oversold at this point. i think there is a reason that the stock is oversold. as you said, i think amazon was widely expected to come in and potentially disrupt the drug supply chain but i think the notion that they might come in more broadly on health care is what's surprised us i would remain a bit more cautious on

joining us now is sam, the analyst at raymond james thank you for phoning in let me get this straighthout the tariffs, whirlpool would not be an outperform >> it's a big part of the call, yes, melissa the stock historically trades based off its north american margins. and one part of that this year, clearly, is going to be the benefit from the washing machine safeguard tariffs. for whirlpool, washing machines are about 15% to 20% of their u.s. business. and it's an unprofitable business to date so clearly, the tariffs, if they are effective, at least for a period of time, should be helpful for north american margins. it's not just, though, the tariffs that the call is predicated on. the company also has announced price increases throughout its category portfolio, and we think those are going to stick, too, at least near terme because of the industry wide cost pressures, at least until memorial day our call here is tactical near term, the north american margins are set up very nicely >> okay. lg announced yesterday it would be raising the price of its washers in the united states i thi

scott brown is raymond james chief economist. also our guest host for the hour, guy adami. welcome to everybody guy, let's start with you. you haven't weighed in on what you think about the markets so far. it has been a pretty meteoric rise >> like the market, like the president. don't like the market, don't like the president, you can't fight what's going on here look what's going on in asia the market has been unbelievable you stay with what's working the industrial names are out then you look at aerospace defense and the banks on top of it, like it or not, we're in an environment where stocks will grow higher. 80% of the week last week we're up 2.5, 3% despite your political wranglings and whereby your view is this week. >> we'll talk earnings they think they will be very strong and changes to the tax law could be ratcheted up, too. >> we would agree. i think the composition of the earnings is becoming more interesting. i'll jump off of what you said the non-u.s. global growth story is kicking in. this is an opportunity that we've talked about for a u.s. dollar investors

raymond james downgraded it calling it an overvalued chat company.ancial said as a result of the tax law the firm recognizing $1.2 billion net income tax benefit in the fourth quarter on december 31st. check the big-name tech stocks, only one is down is facebook and that is plunging down $7. the rest of them significant gains. i want to look at old tech stocks. ibm, intel, cisco, our next guest says that is where you should put your money, old tech, not new tech. the ceo of high power advisers, you like ibm, intel, cisco, old tech, why. >> evaluation issue relative to new tech. the value, interest rates go higher, inflation, discounting value, high valuation will tech -- stuart: new big techs like microsoft, apple, google. >> microsoft balance sheet is phenomenal. i am looking at your nvidia, netflix, amazons, great companies, you can get a more defensive play as you rotate value. stuart: more safe. i am taking a flyer if i look at amazon and the rest of them. i have a bunch of economists in the wall street journal, the growth of the economy, the mar

james ralph buller. robertin, gabor, alan gallagher, matthew cannon gannon. tennis raymond. paul isaac garrett. unior. all of leonora gordon. linda susan gordon. madeleine, loretta and gordon-. >> david j goals. andrzej nikolai, nicole james, lorraine francis walsh. lynn carol, pamela elaine herbert, rodney peter hilbert, alfred hill, catherine augusta hollister for josephine hudson. christina hudson. miriam hudson. >> we remember them. elizabeth sophie, jafar, robert been, paula jeffries, rachel jeffries, kathleen mary german, and johnson, mary alice lincoln johnson, syracuse university, i represent keisha wyden, her boyfriend, timothy baron johnson, christopher andrew jones, julian francis kelly, j joseph. we remember them. patricia and klein. is to for -- christopher lac h lacochi lacochier. robert milton, william chase flyer, wendy and lincoln. i represent and lindsay. lloyd david ludlow. teresa, william edward mack. james bruce mc curry. >> we remember them. wendy forsyth, douglas eugene, elizabeth merrick. lewis anthony marengo. noel george martin. diane marie kozlowski. william john mcall

they keep hitting new highs because of the global synchronous growth joining us is jeff sout from raymond jamesand mark lucheney and with us is brian kelly, fast money trader we will talk a bit about bitcoin. >> let's do it >> i don't think it's happening in a vacuum with the stock market that keeps hitting new highs. maybe there's relationships there. >> there might be. listen, i think there's something to be said for just this global capital pool out there. certainly searching for some kind of yield, some kind of return bitcoin has had that return. digital currency had that return i don't think it's acting in a vacuum that being said, it's not a one for run. there's very few bigger funds out there saying i'm selling off treasuries today, i better buy bitcoin. that's not happening yet but it will in 2018. >> the institutional presence of bitcoin is limited at this point, if at all >> almost nonexistent. high net worth individuals, family offices, you have some institutions starting to come into the market. no traditional asset managers that made allocation to the space and it's difficult for f

joining us is katie stockton and jeff zout from raymond james i will start with jeff this may be a technicalentiment type comment we will a few 300-point updays we actually got sort of bored as we're moving up 45% in the averages then you get two days, one 70, three 30s, then the vix goes up. the mainstream media goes crazy. that's how it's supposed to work because it will keep going for a 2% correction we get all kinds of fear instilled in the market >> that's right. we think the secular bull market began in '08 indexes went down because banks kept going down into march of '09. our proprietary long-term model flipped positive in '08 and never had a negative signal since then the intermediate and short-term models were positive they did target the first potential downside vulnerability. this is a secular bull market with years left to run >> katie, how would we know if this 2% we've gotten so far is the beginning of a 10%, 12%, versus something shallow so it start slowly and it's a dr drip, drip, drip when it happens quickly, they don't seem to last long. is this shallow or deep? >> it's har

confront and surprise university of maryland president raymond pearson, as well as the dean of the law school, with questions they could not answer. rawn james: is there a law school for the colored citizens to go to? the answer is no. therefore maryland is violating the rights of its colored citizens under plessy v ferguson. the judge shocks everybody in the courtroom. houston and marshall's argument prevailed. and donald murray was admitted to the university of maryland law school. that case showed that the equalization strategy, as houston put into effect, could work. narrator: what was also working was houston and marshall's success as a legal team. rawn james: it's tough to imagine two individuals who were so different working so well together to such great historic effect. charles hamilton houston was very abstemious and a proper person, who as one of his close friends remembered, did nothing with levity. thurgood marshall was a true bon vivant. jose anderson: they were quite an odd couple. houston did not drink, did not curse. marshall did. he enjoyed a good card game, his bourbon. justice john paul stevens: he had an army of stories