adam parker is not worried. it is m&a, an enormous part of this market. are looking at $2.2 trillion this year.a so far adam: it will continue. it is hard to bet against roll up's and health care. health care.n the way to play it is small caps. play the brokerage firms. it is a positive for the market overall. i do not think it is a sign of access. excess. julie: the fda has been considering once again approving a female libido drug. this film -- this drug was rejected in 2010. it is made by a privately held company. the panel took up the issue again and voted 18-6 that this drug should indeed be approved. there were trials of the drug that did show some success, but it was rejected in past reviews. this would be the first such drug on the market. when be significant if and it does get approved by the full fda. when you have these advisory panels approve something, it typically does get approved by the full fda. adam, when you take a look at the space, is there one sector that does not have as much m&a that will in the future? adam: the financial sector w

adam parker from morgan stanley. ♪ from we are moments away the closing bell. bloomberg market day. i am alix steel. [bell ringing] it is read a across everyone's. you are looking at the dow closing off by 174 points. the dow and the s&p are closing at one-month lows. the stock suffering their worst day in more than a week. plunged at its session lows. we are kind of in the same zone there. most stocks finishing lower in all of the sectors in the s&p finishing lower. and ugly, gross red day. joining me, joe weisenthal. one thing that caught my eye today, the macro picture -- they reported the low in of earnings and sales rates for the end of the year, but they did not say bad news.

we are joined by morgan stanley chief equity strategist adam parker.s you talk to your clients, how is the thinking on greece evolved -- evolving in the last two weeks? as earnings kickoff, you will probably go a whole day without mentioning greece. to me, i'm bullish. i think the economy in the u.s. is likely to be better in the second half of the year than the first. and equities are really not that ambulance. is only a market that 2% off its all-time high. i think people are waiting for earnings to come in. i am bullish. morgan stanley now says a greek exit is the base case scenario and that has no implication for your strategies? adam: it does. two experts on the economy in europe have had a good call about what could happen there and you have this sort of holy of beingthey call it, in the euro and being in power and making demands, but one of those things has to change. ultimately, we think that equities should trade more substantially with european equities. scarlet: what kind of premium? can you quantify it? adam: in the last 13 years you have t

stocks, according to adam parker, morgan stanley's chief investment strategist. adam: i am bullish. think the bottom on these numbers are too low. i think the economy in the u.s. is likely to be better in the second half of the year than the first. lagged one markets the reasons of the world, and you have a market that is only 2% off its all-time high, and people are waiting for earnings to come up to get in, so i'm bullish scarlet:. -- so i'm bullish. scarlet: joining the now is robert shiller. do you agree with adam parker of morgan stanley that it's now a good time to buy u.s. stocks gapper professor shiller: i think the market is highly priced. it has been highly prized before and gone higher. , myt now, i have surveys gale school of management surveys of stock market attitudes showing it's kind of like 1997, that people have low confidence in the valuations of the market, but they are still optimistic. i find it very hard to forecast right now. i think it's a little dangerous to be in the market, but that's not saying it will not go up to new highs. scarlet: right, you have som

adam parker is with us. assume you're still a bull on the markets. what we saw in the first quarter gpd revision? >> not really. i guess i would care about the first quarter gdp sometimes like that's september. >> it's old news. how does it set up for the current quarter? >> i think it's bullish. i think the bottom up numbers embedded in the consensus estimates are too low and that's somewhat unusual. i think the u.s. economy is going to be a little bit better in the second half than the first half and despite the fact the u.s. market is at an all-time high, sentiment is not high. it's lagged other regions of the world. setup is pretty good. the economy is improving. and sentiment is not that ef you lent. sounds like a winner to me. >> the most hated rally, the lack of conviction in stocks going hire. where do you think we're going to end up. are you keeping your target? i thought you were talking about 3,000? where do you see this year? >> what we've been talking about is that you just referenced. we think you're mid cycle. in order to make the call

let's bring in carl riccadonna and also adam parker, chief equity strategist at morgan stanley. day tomorrow, officially the best day of the month. alix: the best day. joe: what is going to happen? what are we going to get? the consensus is to 25 right now. i think we could see something a little closer to 240. what is going to be bigger news is the unemployment rate. given the strength and the jobless claims, think there's a very good chance that it could in down another 2%. that is a consensus view right now. case for janet yellen that we are moving to a normalized economy. basically from five to five and a quarter that is their year end target. handleuld easily have a in the third quarter of this year. i do not think that there is a huge gap in that view of the world from janet versus christine lagarde. nonetheless for them to be that specific and their advice to the fed was taking it a step over the line. alix: you are optimistic, pessimistic? adam: i think it doesn't matter. i think the fed is going to move data dependent for the first hike and independent after the first h

you're going to hear from adam parker live as well to explain. dow and s&p 500 trying to avoid the fist three-day losing streak in 3 1/2 weeks. both indexes closed at one-month lows on friday. the dow closes between 17,841 and change today. it will close at its lowest level since at least april 17 and may close at a full two-month low. the dow coming off its third week of declines. stocks have been trading in a narrow range as you know. telecoms leading techs, industrials lagging in the transports today, boy, are they weak, down 1.5%. airlines are getting hit hard. we'll talk about all of that. take a look at crude as well down 1% or so. the euro closely watched today and we'll talk about that certainly in the next hour. we want to begin with the countdown to apple's developers conference beginning in less than an hour's time now out in san francisco amid expectations that the company will roll out a new streaming service to take on spotify and others. there could be surprises as well. by the way the stock has been down every year but one for the

we heard from adam parker, morgan stanley, a lot of people. bullish in the face of volatility.atility, stock markets are bouncing back in the hang seng was up 1%. the shanghai composite rallied more than 5.5% after plunging 5% yesterday. crazy. another story -- another side to the volatile trading in china, a bright spot. regulators have taken note. this wealthid construction in china we have seen, i think it is held up quite well. it all went up limits. 44%. consistent with the first-day performance. this has caught the attention of regulators, that the rate appeal listings that has sidelined a lot of cash that would have stayed in existing listings. the government is considering pushing back some of the ipos, including one from china nuclear engineering until market conditions improve. this is still being deliberated. david ingles and hong kong. here are some of the top stories crossing the bloomberg terminal. the era of free checked baggage on jetblue is coming to an end. they will charge $25 for checked luggage. proudlys, jetblue proclaimed itself a holdout on fees and allo

you're going to hear from adam parker live as well to explain.to avoid the fist three-day losing streak in 3 1/2 wee

. >> one more comment before we jump over to attention, morgan stanley, joe, adam parker with a note this morning or the headline says buy the dip. tom lee was on our show friday. yes, this is a source of volatility but not a thesis change r. keep everything in perspective or be scared? >> if you are an investor sitting there, very happy the last few years. if you understand what this is about today this is a trading environment. we talked last week about financial. i mentioned that as an opportunity, as a hedge against volatility. that's higher today. understand we're talking about greek debt, greek bonds, and a lot of folks own those bonds. you get the market opens higher. futures up to 2081. active selling there if you're doing your proper job in terms of risk management. you don't know the outcome. if you're holding greek bonds, you've got to sell something and protect it and hope that those sales are bad ones and that things go your way. >> michelle caruso cabrera has been on the frontline from the get-go. she is once again in athens with the very latest. hi, michelle. >> report

and morgan stanley's adam parker is expect inging, his two top sector picks. >> energ is having a tough which way it goes here? >> i think we are in a binary world on energy. we've got huge supply all over the world. china's retail sales, industrial production, imports, exports this week were not so hot for china. you have that demand falling off. inventories are high all over the world. you could make a case for oil to come back under pressure. it's up about 15% this year from the beginning of the year. or you could make a case if there is some kind of instability, you've got yemen, saudi arabia involved in these things in a way that weren't before. could you make a case for it to be $150. >> the number one beneficiary of oil way up in triple digits is vladimir putin. >> is there a financial stock back to that conversation that you like better than the others? a lot hit 52 week highs today, which shows what they've done lately, but how little they did before. >> scott i think you want to look at dividend -- the canadian banks, no one pays attention. >> like rbc? >> there are five of th

prosecutors announced the arrest of wellington bravo richard bruno joseph dalessandro adam golden and johnny parkerto pay money for prostitutes in response to an online advertisement. police placed the fake ad to target the sex trade in the king of prussia area. >>> a police chase ended today in new castle county. police say 30-year-old davidra morris an 17-year-old boy allegedly broke into not one but two gnomes wilmington and hockessin yesterday. in the first case investigators say a 91-year-old woman had her purse stolen and was physically attacked. the second owner escaped and called 911. the duo took off eventually crashing into another car near the intersection of limestone and little baltimore roads. both more rinse the juvenile are facing a number of charges including robbery and reckless endangerment. >>> a video showing an arrest of a man holding a baby on a septa train. >>> "action news" reporter chad pradelli is live in center city tonight with more on that. chad. >> reporter: rick, septa police officer tom nestell wrapped up a press conference about an hour ago. he was visually upset a

today prosecutors announce the arrest of wellington bravo richard bruno joseph dalessandro adam golden and johnny parkerllegedly agreed to pay money for prostitutes in response to an online advertisement. police placed the fake ad as a setup to target the sex trade in king of prussia. >> ♪♪ >> "action news" continues. >> hello again. it's 4:30 "action news" continues with the accuweather forecast for your -- [laughter] >> i'll stick around. >> i was going the walk away but let me hear what's going on. >> need a team of people by me because no one is going to be happy. >> not a complete washout. >> not the whole weekend but tomorrow is pretty much. as we take a look right now at double scan live radar because we have rain that's pushing into the ohio valley and the tennessee valley. that heavy rain will be spreading to the east. first thing tomorrow in the western suburbs heading to the coast during the afternoon. so a flood watch will go into effect tomorrow afternoon through sunday morning for philadelphia all points to the north and west and also including new castle county in delaware so the southern

parker at the new salon. here's the sneak peek. >> extra special correspondent adam glassman getting a tour of the incredibleee-floor 8,000 square foot posh retreat. at the grand opening in the chelsea neighborho. >> did you get nervous doing hair? >> all the time. >> really? >> yep. >> do you really? >> every day seems like it could be the last day. >> that's true. ver cavalier. always strives for the a-plus. he is an atom splitter. not an adam splitter. an atom splitter. >> how do you collaborate? >> it's very easy to be creative with him. he's inspiring because he can do anything. >> his secret? >> we don't think about what people are going to say afterwards. >> so popular in the beauty business there's a nail polish named after him. >> perfect. >> gorgeous. just for all those curious, it's run don't walk. >> online now, the one must have hair product sjp can't live wit and neither can you. extratv.com. >>> naer's day right around the corner and we ve a great gift for dad. lifestyle expert is here to tell us about the dollar shave club. >> absolutely. as you know shopping for ray czar is expensive and agg

adam. the dad. this has been one heck of an experience. the girls are doing great. >> i'm danielle, the mommy. twins is nothing. i got two at home. >> reporter: two of the sisters, parkerhe first time just days ago. another one's coming. they're all coming. we're running out of space. they're quints. they're all the same. >> reporter: and how do they plan to tell them apart? >> this is parker. she's yellow. >> and this is hazel grace and she's teal. >> reporter: but identifying each one is not the only challenge. >> i need a nap. i had a nap at 8:00 p.m. the other night. and then i had coffee. >> reporter: big sister blayke, 4 years old, is excited too. >> i love my baby sisters. >> congratulations. and thank you for watching on a friday night. i'm amy robach. for david and all of us, good night. fromom sony pictures studios it's americaca's game. wheel... of... fortune! ladies and gentlemen here are the stars of our show pat sajak and vanna white. thanyou. thank you, jim. hi, guys. thanks so much. we appciate that. thanks a lot. i will see you later. i've got some fathers to talk to. hi, guys. get ready. it is time to play our first "toss up" coming up --$1,000. it's

adam. the dad. this has been one heck of an experience. the girls are doing great. >> i'm danielle, the mommy. twins is nothing. i got two at home. >> reporter: two of the sisters, parkerhe first time just days ago. another one's coming. they're all coming. we're running out of space. they're quints. they're all the same. >> reporter: and how do they plan to tell them apart? >> this is parker. she's yellow. >> and this is hazel grace and she's teal. >> reporter: but identifying each one is not the only challenge. >> i need a nap. i had a nap at 8:00 p.m. the other night. and then i had coffee. >> reporter: big sister blayke, 4 years old, is excited too. >> i love my baby sisters. >> congratulations. and thank you for watching on a friday night. i'm amy robach. for david and all of us, good night. this is "jeopardy!" today's contestants are an officer manager from valley village... a sales coordinator from westbrook, maine... and our returning champion an english professor from prattville, alabama...

adam overjoyed their five baby girls are finally coming home. >> so sweet and precious. >> reporter: now, they're sharing this video, showing off parker and hazel's journey home as they wait for their other three sisters to make the trip this week. little parker goes first, bundled up in yellow, she gets a quick nuzzle from mom. little hazel goes soon after. they zoom out of the nursery, through the halls, down the elevator, and for the first time out into the world. >> all you want to do is hold them. stare at them. i want to see if they look alike. >> reporter: dad is waiting with the family car, in the first of what will soon be five car seats. >> all right, we got two. >> reporter: and one happy mama giving us a big wave. >> and a little tip, one of my oldest friends has twins. she marked their big toenail with nail polish to tell them apart. >> you got to do what you got to do. >> a little basketball team there. >> did you know that? it only takes five. >> are you criticizing my lack of sports knowledge.aled in now that we're in the playoffs. >> yes, he's zeroed in. >> i only counted four babies. one on the roof. >> there were three to go. i