guy, adami what's your outlook for the airline? it is true they're in better shape operationally. the market is what the market is. >> you know, i forget how long ago it was when delta bought the refinery. everybody said not a big deal. the stock tripled since then. i'm surprised it's down 6% today. i think you buy delta here. i'll draw the line in the sand. i don't think they're broke. i think the space is coming under attack. i don't like what we saw with biotech a couple months ago. to the extent the atf gets hit, the stocks go down. >> so he's making the parallel which bottomed at 211 and there's a massive rebound in the index and massive buying opportunity. is that what this is for airline? >> this is a huge overreaction when you look at where oil prices have been. and yesterday was more than just oil prices. you get follow up with the oil rising to the upside. i look at these as a great opportunity. everybody who didn't want to chase ual i think there's great opportunities. i like these stocks at the levels. >> one of the most popular execs of twitter resigning today. and on

guy adami kikt off. >> bold. i will be bold. it's something i have been saying, it's bold. but interest rates will continue to go low. i think the tlt is headed north of 120. now i think it goes north of 1 when the want. i think ten-year rates will trade down to 2%. look at japan, they look at frg they can to get the economy going. yields are less than .6 of 1%. they can't get rates high fer they try. i don't think we can get rates here higher as well. >> karen, that was bold. >> it was a bold. >> do you think that's right? >> umm, i don't know, actually. >> she's pleading the fifth. >> that's a nice way of saying not really. >> i'm hedging my answer in order to say anything. but, is this my bold trade now? >> i was asking you about guy's bold trade. >> she's passed that now. >> yes. i don't know. you request maybe take it either way. i guess i wouldn't take a position because i feel like either scenario makes sense to me. it goes lower. >> guys, i feel like we do this. >> every day. >> every week. >> the dance, yeah. >> if you are right, janet yellin is really wrong, liste

and we have "fast money" trader guy adami with us as well.ng to ask again, a capitulation day for the bears. >> doesn't feel like it. hi, kell, by the way. >> hi. welcome. >> you know what the most interesting -- i mean, steve liesman, great job with the inflation. to me, the most interesting comments she made was they're concerned about the levels of complacency. okay. guess who's cloausing those levs of complacency? >> that's my point. >> it's madness! if you're that concerned about the levels of complacency, stop doing what you're doing. say it's over, we're done, sink or swim, party's over. then we'll see how it shakes out. >> if it's sink or swim, guy, though, isn't the signal -- just to to go back to color metaphors here, haven't we just been given the green light by the fed? dr. j., you're shaking your head. what do you think? >> i don't think they give us green lights, though. yes! you got a green light, but the red's going to come up quick, and you don't have the little five, four, three, two, one things warning you when it's coming.

guy adami, thanks for joining us again. >> good to see you.uy coming up with the "fast money" crew at 5:00 p.m. and then we're talking the ceo of a wireless technology company that struck it with samsung. stocks earned 20% on that news and the ceo will let them know what's coming next so don't miss it. now straight ahead, if you think your property taxes are high, here's proof they could be a lot higher. how about more than $500,000 a year. that is what computer associates founder charles wang pays for one home. we'll have the complete breakdown of who the top property taxpayers are. first though, our colleague and panelist kate kelly has a new book, there it is, "the secret club that runs the world, the inside the fraternity of commodity traders." we'll talk to kate and the secret traders. he's here and the secret will be told when we come back. >>> welcome back. we start here with a quick earnings report. dominic chu, what can you tell us? mattress firms is posting weaker than expected first quarter earnings and revenues and it raised its fu

. >> we figured let's share a picture from guy adami back in the day. here are some of the winners. college graduation. >> thank you. >> runner up comes from daniel bear. i pray i get that job at ups. i would look great in those shorts. >> good one. i like that. >> look at that. >> wow! >> look at those legs. >> remember those shorts? >> that's bow-legged. >> no. but they're tanned. the winner of the caption contest is matt neville. the cousins from perfect strangers graduated college. the show from the late '80's and early '90's. >> it's cute though. >> maybe an album cover. >> maybe. >> which one was that? which is that one? >> i don't know. i have no idea. let's get an earnings alert. checking on kidco dropping in the after hour's session. dom. >> give me a second. i don't know if guy is -- >> he loves the show. this is the most fun you have. >> i'm having a blast. you and ups. i love it. anyways, let's talk about a serious thing. tipko is dropping big in the after hours. it reopened with news pending. the news was that its preliminary results for q2 were out and missed expectati

our traders are dan nathan brian kelly and guy adami. obesity drug could mean could news for our top competitor. we heard in a cnbc exclusive. we turn to the markets. we have five day winning streak. gridlock out of washington and news that the world bank lowered its out look for global growth. the start of a much bigger selloff. grasso, when i heard you say on the call that it was world bank's forecast, i thought really. when do we care about the world bank? >> why are you snickering? so rude. but to her point -- >> exactly. that's my point. >> you have to remember, people are looking to trade off of every headline. what else is there to trade off of? this would be from a professional trader, you're watching a tape. it's a slow, slow couple of weeks that we have been witnessing. the market has been up on air. any type of headline is tradeable and that was the headline traded on today. >> you tell me why we're down. >> no. i don't know why. >> cutie pie. >> oh. >> geopolitical but i will tell you that all these dips have been bought were

and "fast money" trader guy adam adami. did dubai help? >> that's a ridiculous number.great thing. i was talking to b.k. and brian kelly at the same time. he said those housing numbers in a bull market, the bull should have grabbed on to this and run, and they did early, but then we failed. so, it's sort of interesting. i mean, again, i am not going to make a big deal out of one day, but i'm still, and i said it to you a couple weeks ago, so i've got to be true. i've been wrong, but i think the s&p would trade down to 1,860 by the end of the month. i've got four trading days left and we'll see. i think there's a shot of that happening. >> that's actually what sam suggested last hour, maybe this has something to do with the looming end of the quarter. mike santilli, i'd like to know what year this is. >> i was thinking 2005. we've already had bigger gains than 2005, which was a range-bound market, not much digesting last year's gains. it seems like there was a real nervous equilibrium, near all-time highs, and the market seems to be saying what else you got? good economi

guy adami kikt off. >> bold. i will be bold. it's something i have been saying, it's bold.s headed north of 120. now i think it goes north of 1 when the want. i think ten-year rates will trade down to 2%. look at japan, they look at frg they can to

guy adami, great to have you with us. >> be sure to stick around and catch guy coming up with the rest" crew at 5:00 p.m. along with cheering for the rangers. they will ask scott stringer what they think of the netflix decision to vote down the chairman's role? the ea gaming company looked to keep momentum going with six new titles from the maddon franchise to virtual reality game the sims. and it's official, all the jobs that were lost during the great recession have been recovered. reports said though that the quality of the jobs does not equal those that were lost, but steve liesman has data suggesting that is not actually the case. that story is next on cnbc, first in business worldwide. did you remember to pay the dog sitter? yeah, citi mobile. and deposit that check? citi mobile. pack your bathing suit? wearing it. niiice bank from almost anywhere with the citi mobile app. >>> welcome back. it's been four months of gaining 200,000 jobs or more in the u.s. economy finally helping to fill -- actually filling i should say the massive unemployment whole left by the recession but what

tim seymour, jon najarian, karen fireman, and guy adami. don't we'll have you choose one of our stories. logon to cnbc.com for are that. commodities spiked. gold breaking out today up more than 3% on the back of fed chair janet yellen's comments yesterday that rates would stay low for the foreseeable future. >>> violence in iraq driving up oil prices today. the spread between brent and wti crude getting wider here. let's start with gold. >> gold to me is -- bear market rallies in gold can be very deceiving, very painful. this is one of them. gold will be at $1,200 before the end of the year. i think it is a natural place -- the fed has normalized interest rates somewhere around $9.50. if you believe the fed is missing inflation here, you'll rally gold and that's misplaced. janet yellen i think is looking for wage inflation. we don't see that yet and calling the data noisy. i think gold is absolutely a head fake. to think we'll be taking gold back up to the old levels. otherwise you must believe central banks are ridiculously out of hand. >>

. >> are you bearish, guy adami, on jetblue?no. >> given the rise it's had since may. >> finally that $10 level, no, listen, i see what mike is talking about, but i think this stock has a lot of catching up to do. i like jetblue. >> thanks to mike. we come right back with the first trade tomorrow. stay tuned. ♪ time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. the porter was so incredibly... careful... careless... with our bags. and the room they gave us -- it was... beautiful. a broom closet. but the best part but the worst part was the shower. my wife drying herself with the... egyptian cotton towels... shower curtain... defined that whole vacation for her. don't just visit new york. visit tripadvisor new york. [ male announcer ] with millions of reviews, a visit to tripadvisor makes any destination better. [ male announcer ] with millions of reviews, humans. even when we cross our "ts" and dot our "i's", we still run into problems.

guy adami joins us now ahead of his appearance later.hat many gave you a little extra time to reflect, you guys. >> all i do is reflect. >> what's going on with these markets? is this geopolitics? should we now be sensitive about every subsequent headline coming out of iraq? >> yes, is the short answer. the market was looking for an excuse. but think about it, it's not like we've collapsed here. the s&p is down 15, 16 handles in the last day. not a big deal. what i'll say this, technicals are starting to get a little bit concerning. think 1,816. you can come back, but it is june what? 12th? i think at some point this month we'll test 1,860 in the s&p and see what happens when we get there. unless, again, don't label me as some crazy bear. i'm not. i just think that's what the techs will set up. i know a lot of people couldn't care less about yields but the movement with tlt today was interesting. so a lot of cool stuff going on. >> we're also getting news hitting the tapes this hour. bertha coombs. >> intel is raising its guidance kelly

our "fast money" friends, guy adami.kell. >> i was waiting. >> when you say, hi, everybody. you're supposed to say hi, back. >> hi back. >> welcome. guy. let you have the first word here. what do you make of these highs, granted not a decisive move but we did get a turnaround in some of the financials. >> hasn't been a decisive move for a while. keeps grinding higher. >> feels like they found some footing a little bit. pete has been on these chips. this is renaissance in the chip sector that's been going on very quietly for quite some time. those are the good things. i guess sort of on the negative front, the underperformance of the russell today concerns me a little. has this been a bounce off an oversold condition, or, you know, is this just the pause as we continue to go higher? i think that's going to be worth watching over the next couple of days? >> right. michael crossen, the view from philly, does it look different? >> this market is really anticipating a much stronger economy, and it's giving the economy plenty

our traders are dan nathan brian kelly and guy adami.could mean could news for our top competitor. we heard in a cnbc exclusive. we turn to the markets. we have five day winning streak. gridlock out of washington and news that the world bank lowered its

tim seymour, jon najarian, karen fireman, and guy adami. one of our stories. logon to cnbc.com for are that. commodities spiked. gold breaking out today up more than 3% on the back of fed chair janet yellen's comments yesterday that rates would stay low for the foreseeable future. >>> violence in iraq driving up oil prices

post" reporter elon wee and our own kayla tausche and.com n dom chu along with fast money trader guy adamiea lackluster session today. waiting on the fed? concerns? >> lackluster. but i have to tell you, that spot with your father on friday. i've got to tell you something, i'm a gruff guy, but that actually brought a tear to my eye. that was sweet. >> we are a gruff bunch. >> that was really something. >> thank you. >> so, what is interesting to me is a continued move in these chips. the chips names continue to move to the up side. look at micron today, intel, obviously. i think this nuance story's probably not being covered enough. i think there's a lot of value there. it's not a rich stock. there's a big short interest. and i think after that disastrous quarter and announcement back in november, this stock flushed everybody out, and i think that's headed higher. and a continued strength in energy. i know you want to talk about m&a as well, but those stuck out to me. >> actually, energy and utilities battling right now for the sector leadership of the year. dom, either one of those, though