amanda lang is joining us. welcome, amanda. amanda: it is great to be here. i did not bring my hat. the kentucky derby was quite a raise. we have a number of guests coming up. in a rare and exclusive interview, jim coulter will weigh in on how the private equity market is changing. bank of america, head of global economics, ethan harris, will talk about how friday's jobs report affects the rate decision. and seth marion is here over worries about characterizing volatility. jon: let's get a check on the markets for you. futures positive, dow futures up 41 points. over in europe, after the --gest weekly drop since euro weakness, switching of the board, euro-dollar was on a five-day losing streak. 1.1389.in there at and then nymex crude, up two full percentage points. it is seen as a tussle between the news over the weekend, the new oil minister in saudi arabia, and what is happening in canada with the wildfires spreading over there. i want to go live to the city of london and get the latest with bloomberg's will kennedy. let's talk about the immediate -- the spread of the wildfire, th

around the table is amanda lang and matthew miller on the markets.hear it ring away in new york city. dow future stay positive. s&p 500 futures positive about eight points. there is the bell right there. winning.s the euro-dollar 11385. yields are little bit higher. a lot of supply coming onto the market. three-year notes being auctioned today. just a one basis point higher on the 10 year to 1.76%. crude is marching higher at $43.69. let's go to matt miller to strip it back. matt: gains across the board as you pointed out. let's look at the terminal roof quick. when we strip in fact, all we see is up, up, up. consumers, discretionary, i.t. leading the way, but everybody is winning today, eating defensive stocks. the biggest winners are now showing green right now. let's go back to amazon because it's a really fascinating story. and analyst has come out with amazon's first thousand dollar target. an analyst at that milestone target with this latest note up 47% from last night's close. he only obstacle might be what to do with all the cash. you can see

i am alongside amanda lang and jonathan ferro.aterial back from the conference in vegas. jon: it is one of those mornings when journalists spent yesterday writing these stories. david: then the facts come in. you the official data tells another thing. here is your financial scorecard. theyes deep in the red and trim some of their losses and they are rolling back over again. dow futures -48 points. europe, ftse is poised to close for a fourth straight week of losses. the fx market, stronger dollar story on every cross. we stay there. the u.s. 10 year yield, going lower again. wti, the highest close since november. a little bit of a reach race meant. matt miller. matt: we are watching shake shack. they got a boost from adding more stores and sandwiches. 33% boost in locations. it has a new chicken shack sandwich that i intend to try today. that brought more buyers into the chain. same-store sales jumped by 10%. club, down 47% this week. in aounder resigned scandal. yesterday, jim chanos said he was sure the lender. like to hear that

amanda lang is joining us. welcome, amanda. amanda: it is great to be here. i did not bring my hat.quite a raise. we have a number of guests coming up. in a rare and exclusive interview, jim coulter will weigh in on how the private equity market is changing. bank of america, head of global economics, ethan harris, will talk about how friday's jobs

i'm here with jonathan ferro and amanda lang. manda: we had deutsche bank's .hief u.s.ht capital will be with us on ways his private equity firm is finding opportunity in a low growth in the late environment. and we have a look at the markets. jonathan:

amanda lang joins us from toronto.the status. >> as those fires shipped north, they close in on the oilsands operations that were only just getting operational again. suncor is the biggest and the workers were talking about 19 camps, 8000 workers on .it's aion of alert settlement in the middle of a forest. workers who get trapped by a fire in the north find themselves terribly trapped. no one is taking chances here. this fire is pushing onto ers and remains wildly unpredictable. theomes on a day we have conference board of canada putting numbers on what happened here. they were anticipating that most of the operations would be up and running by the end of the month. some of these numbers may get worse but they say what we have seen already is close to a $1 billion cost. we have seen 1.2 million barrels per day oil taken off-line because of the fire. tot lost gdp only amounts 6/10 of 1% of the total in canada so as people rebuild, there's expectation you'll get a bump up in a quarter after. as the fire continues to burn

amanda lang joins us now from toronto with more. good company when it comes to hear and the u.s. as well. moneyhey put aside enough to cover those loans? >> the question is that. the canary in the coal mine of how bad this could get, canadian western bank is pre-announcing. it took the trouble to say it would set aside more. on annual basis, double what it had previously guided two. the name actually tells the story. it is a relatively small bank based in alberta. it has developed deep ties in the region. that has meant for great success. 40% of its loans have exposure to the weak price of oil. we see it show up here in the numbers. the question will be, is it conservative enough, what are the assets looking life -- looking like? works hardank that to diversify regionally. it knows this is a problem and let's face it, it is a microcosm of the problem at canada faces. you have got your eggs in one basket. alix: absolutely. what does this portend for other canadian banks? lexus is a big question. some have said it is overdone. banker