amrita: not much. we have had a correction.he market has been inspecting potential escalation, we haven't seen it. it has been calibrated. that's why prices have been coming off a little bit. we are not expect an massive downside, but we expect small downside. physically, this is the weakest period for oil anyways. we are bullish for summer but right now things will probably calm down. tom: what underpins that bullish view when it comes to the summer? is it the demand story, supply? amrita: first quarter we did not build inventories which is huge. usually rebuild stocks, q1 was a counter seasonal draw. we are building now which is what it should be april and may. june onwards we get the decline in stocks. we are calling for 2 million barrels a day of vendor for drawdown in q3. tom: is there evidence, is the discipline there within opec+? are they holding the line on these cuts? amrita: opec-plus as a whole, yes, there will be a few countries -- there is always a few culprits where compliance slips from time to time but saudi ar

amrita: u.s.ction we actually don't think he goes back to 13.3 million barrels per day until july of this year. it is going to be a gradual process. last year the surge we saw was also driven by a lot of m&a activity. companies were getting bought and just before they got bought, they would surge in production to increase their valuation. that is kind of coming to a halt. companies are beginning to build quite a good of inventory so that is what they are doing right now. so production growth is going to be slowing down this year. and then against that, demand is good, about 1.5 million barrels per day of growth, and that is why i think the fact that you've seen supply not grow as much as what we seen last year has caused these imbalances in the market. annmarie: these oil prices spell higher gasoline prices in the united states. do you think he draw on the spr and how much do you think they will draw on the spr? amrita: i absolutely do think the u.s. spr releases the summer. the u.s. has been refi

let's bring in amrita sen to talk about the oil trade. amrita, is this a situation where this could be the catalyst that gets folks above the range of $70 to $90 a barrel they have been talking about for some time with benchmark crude prices? >> look, i would say the rally has come a little bit too early. we have been calling for $90 plus in the summer based on fundamentals. you highlighted this is is geopolitical risk premium. we actually don't think we are going to get supply losses. both sides see a lot of rhetoric right now and there will be retaliation, but i don't think either side will cross the red line which leads to sustained attacks or that would actually lead to anything in terms of supply losses for oil. it is a little bit of geopolitical risk premium priced in. we think that should start to fade in the coming weeks. we have seen similar situations during the initial gaza conflict starting. they do tend to fade unless there is an actual supply loss. >> amrita, for the last 10 or 15 years and beyond that, geopolitical risks ha

brent crude support .50% wti up over .50% let's bring in amrita sen this morning.d to have you here, amrita. >> good morning. twice in a week. >> i got to see you in person. let's get down to business for a second oil markets spiked 3%. they pulled back a bit right now. is the oil market responding to what they believe is a deescalation do they believe this issue has quote/unquote resolved as iran tried to say now israel has made the moves? is something else pulling back >> i think the spike was on headlines. you always tend to get that reaction you are right with our view being we don't think this will escalate out of hand yes, israel will respond, but in the terms of the weighted response, this is the message with the iranian leadership stating should we choose to attack, we can this is a warning sign more than anything else. that's what we expected them to do a calibrated response. it is not to escalate further. that risk is still there i don't think the market can afford to sell off significantly. look, on the fundamental basis, we have been calling for a pull

amrita sen. >>> that's going to do it for today's show. a quick look at the european markets. frank holland here with silvia amaro. "worldwide exchange" is coming up next. what is cirkul? cirkul is the fuel you need to take flight. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul is your gateway back home. so what is cirkul? it's your water, your way. cirkul, available at walmart and drinkcirkul.com. when we started our business we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. it's hard to run a business on

amrita sen said this was a buy the rumor and sell the news event. she is continuing to watch are at all-time highs. gold is pulling back just a bit and silver is fractionally higher right now. >>> now back to the broader markets. tech is leading the charge lower with the nasdaq 1.5% drop and pushing into negative territory for the week. that marks the first time it had three straight down weeks since october. arista is down as well as intel, but it wasn't doom and gloom with apple performing 4% for the week. best week since november for apple. joining me on this and more is stephanie link and dan ives. good morning from london to both of you. dan, i'll start off with you. give us a sense. how did you see the action we saw in the tech sector last week? how do you believe investors should play it going forward? >> i think it is nervousness with the markets and everything going on with the the ten-year yield and the tensions with the middle east. we view this as a golden buying opportunity. given with cybersecurity and the a.i. revolution and digital m

you heard that from ed morse and and rita send -- and amrita sen. >> ken griffin joining a chorus ofs expressing concern about the u.s. deficit, writing we must stop borrowing at the expense of future generations. his comments coming on the heels of larry franks, writing -- larry fink's, writing there's a bad scenario where the american economy starts looking like japan's in the 1990's. debt is on track to be 116% of gdp by 2034, higher than world war ii. eric cantor join -- joins us. we are all trying to figure out how close we are to a point where he leader in america comes out -- where a leader in america comes out with a set of policies. >> it is reminiscent of the discussion that we had even when i was on the hill. if we look back 10 years ago, we were screaming the same thing, that we have reached a point of unsustainable debt levels and have to do something about it. i agree with what ken griffin and larry fink said. i think the discussion around the debt and deficit is a little bit too simplistic because, yes, it is ok to have some level of debt and deficit. i think most peop

buy, sell, or hold >> we had amrita from chasm.dan, from kansas city, missouri where we went 20 when it minus 9, i would be upgrading this stock. this company is incredible run and i didn't buy into the negativity that we saw in the downgrade. no, not with this management team it's too strong. let's go to ira in florida ira? >> caller: hi there, cramer. jim, a few years ago i bought a stock in a company called goldman sachs in the low 200s. it's now in the low four hundreds my question is should i sell half of it and/or should i sell all of it? >> it's a great question i would sell a quarter of it now why would i not be more aggressive on the sell side? i think the numbers are going to come through great i'm more worried about a market pullback than i am about a pullback at goldman sachs, which i think is going have a terrific quarter. and it's just been smoking hot, and the david solomon, that he is not doing his job, all that stuff was nonsense they are doing fabulously, and i just wish that morgan stanley, the one i own for my c

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