." >> welcome to wall street week, i'm anthony scaramucci. gary: i'm gary kaminsky. anthony: joining us is a giant in the world of if i nance. gunned * is the ceo of doubleline capital and when he speaks people listen. early february in los angeles right about the type the market bottomed. everybody was concerned about the outlook to for next year and the outlook for the equity market as a whole. what happened since february 11. >> mash ets rallied with incredible bear i -- bearishne. people were asking janet yellen about should we go to negative interest rates in the united states. it was black as night and when that happens the market is pretty sold out. what we have been seeing is incredible volatility in the stock market. huge decline that brought on a pessimistic attitude and a large rally in december. the february interest rates, i thought it would be a bad idea and we got off to the start in the history of the stock market. but now we back up on doveish talk. >> you were buying stocks in february, were you not? >> just when thing look that bleak, usually the ma

i'm anthony scaramucci. gary: i'm gary kaminsky. we are still digesting the wealth of information from last week's sky bridge investment conference. anthony: we'll show you a revealing and rare interview with passport capitals joe burbank from the salt conference. you will want to hear what he told us about the market and economy. gary: joining us now is another giant in the hedge fund world. jamie dinan. work capital management. welcome to the show. anthony: do you think this is the fish inning in a washout of the hedge fund industry? >> i know dan. he does have a tendency to be a bit dramatic. though he's probably one of the better writers in the industry. i hope it's not first inning of a 9-inning game. but the first quarter was difficult for the industry. it's just accumulation, i think of a lot of people liquidating. big firms went to cash in equities and credit. i think a lot of people with the same names. the pfizer deal breaking didn't help the event driven guys. i'm one. we got you are in the that investment as well. but i d

i'm anthony scaramucci. gary: i'm gary kaminsky. we are still digesting the wealth of information from last week's sky bridge investment conference. anthony: we'll show you a revealing and rare interview with passport capitals joe burbank from the salt conference. you will want to hear what he told us about the market and economy. gary: joining us now is another giant in the hedge fund world. jamie dinan. work capital management. welcome to the show. anthony: do you think this is the fish inning in a washout of the hedge fund industry? >> i know dan. he does have a tendency to be a bit dramatic. though he's probably one of the better writers in the industry. i hope it's not first inning of a 9-inning game. but the first quarter was difficult for the industry. it's just accumulation, i think of a lot of people liquidating. big firms went to cash in equities and credit. i think a lot of people with the same names. the pfizer deal breaking didn't help the event driven guys. i'm one. we got you are in the that investment as well. but i d

here with me this morning, cohost anthony scaramucci and ran a trading partner michael bought. hony: yes. you're talking about last weeks show? maria: you had a big show this past weekend. transfer we had jimmy jam and on. i think it was interesting. note that those guys feel no matter who the next president is, it's not going to make a difference to the economy or the united states. >> including what he says this week. donald trump has been saying that it is talking about that. i think growth is slowing. it kind of makes it interesting that folks like mr. burbank and mr. diamond on the show. it's harder and harder to make money. everyone has got to be differentiated. a differentiated. a very interesting environmental matter what. train for the odds of recession every month get closer. the united states goes in the recession every seven or so years. seven out of eight years now since the last recession. you have to predict at some point we will see a downturn. >> they peaked and i think we are heading -- it's getting bumpier. maria: a big issue for the next president. a campus c

anthony scaramucci and, by the way, anthony spoke with former treasury secretary. and just on stage stirring up controversy on who should be the next president.is hour, we'l ask. is opec going the way of the dinosaur? extinct. peter on a controversial call on gold and whether that's the way to go. and says he is going to fight to bring the hit show hamilton here to las vegas. we're less than an hour to the closing bell. breaking news all around live from las vegas, let's start the countdown. ♪ >> live from the hotel in las vegas where we're giving you an all access pass to more than a trillion dollars in combine net investable assets. some of the greatest hedge fund minds on wall street at this year's salt conference. david rubinstein, to former secretary treasurer. by the way, kobe bryant the basketball star is going to speak where he stands in his life after basketball. business. this is a huge crowd and a lot of breaking news. let's take a look at the markets. we are very close at this hour to wiping out yesterday's gains. now, remember any loss on the do you ju

anthony: welcome to "wall street week," the show of record for the long-term investing, i'm anthony scaramucci. >> and i'm maria bartiromo in this weekend for gary kaminsky. good to see you, anthony. the collapse in oil prices is the biggest economic story since the financial crisis. crude oil prices have plummeted 60% in five years, leading to massive layoffs, production cuts, 2016 brought relief to the energy sector with prices rebounding off of decade lows. anthony: the question on investors' minds, what happens next? we welcome legendary oil investor billionaire boone pickens, chairman and ceo of b.p. capital. what do you see going on with oil today? >> it's going up because you hit the low in january, $26.19. back up to $43 today. >> yeah. >> okay? now you're headed, you hit the low, and when you went back and checked it, we went back to 26 twice, now you're going to go twice that in 12 months. by the end here, you'll be back to 50. anthony: you think there's a lot of governmental intervention in the market, saudi arabia in particular, and opec driving that? or is that fundamental supply

i'm anthony scaramucci. gary: i'm gary kaminsky. no denying it. ght years after the financial crisis, the markets continue to move based on what the fed says it will or won't do. anthony: it's true, and this month the market's falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. keith banks is the president of u.s. trust bank america wealth management. rick szelc the managing director of neuberger berman. eight years later, is it all about the fed? >> all about the fed. more about earnings. we view it right now the p/e multiples about 17 time, not going to expand much from here. to make a case for higher levels in the market, you have to make a case for stronger earnings. >> but 17 historically is a high number for s&p earnings. isn't typically 15, 16 the higher valuation. >> the high end of a range and, in fact, we just actually at u.s. trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at fu

anthony scaramucci wrote an op-ed, the entrepreneur's case for trump. > oh, listen, i think that with elitists are confusing uneven principles or entrepreneurial adaptability and so, i guess my question for you, juan, is you think washington is working with the status quo and is hillary clinton the status quo politician? if she is, don't you think it's time that she, the formula in washington? >> i think she is definitely a status quo politician and i think that's part of the drag on her in the primary caucus season, people are looking for something different, something to shake it up. the question is, are you looking for something that will shake it up or something that would break it up? and i think lots of arguments coming from the democrats against trump is he's just too dangerous, when he started talking about-- well, no not in the way. >> same with reagan. >> they said that reagan was an actor a guy out of hollywood, what do we know about him. trump is talking about not honoring, you know, u.s. bonds and people get really uptight when you start tal

i'm anthony scaramucci. gary: i'm gary kaminsky.e still digesting the wealth of information from last

i'm anthony scaramucci. gary: i'm gary kaminsky. we are still digesting the wealth of information from last week's sky bridge investment conference. anthony: we'll show you a revealing and rare interview with passport capitals joe burbank from the salt conference. you will want to hear what he told us about the market and economy. gary: joining us now is another giant in the hedge fund world. jamie dinan. work capital management. welcome to the show. anthony: do you think this is the fish inning in a washout of the hedge fund industry? >> i know dan. he does have a tendency to be a bit dramatic. though he's probably one of the better writers in the industry. i hope it's not first inning of a 9-inning game. but the first quarter was difficult for the industry. it's just accumulation, i think of a lot of people liquidating. big firms went to cash in equities and credit. i think a lot of people with the same names. the pfizer deal breaking didn't help the event driven guys. i'm one. we got you are in the that investment as well. but i d

so is anthony scaramucci. a member of trump's national finance committee and host of fox business "wall street week." glad to catch up with you from vegas. trump raising a lot of money so far from his peers, people in real estate. you are there to speak there of course. it is your event but how will it go with hedge fund managers? will they cut checks for donald trump? >> you know, first of all, thanks, deirdre for having me on. i think by and large hedge fund managers are practical people. so at the end of the day the republican oriented hedge fund managers which i would include myself will go with the republican nominee which will be donald trump. and so steve is out here with me. we're talking to a lot of different people here but i think the real fund-raising mission will start may 16th monday back in new york. we'll organizing in 15 different cities. we're creating a whole bundle system for the candidate and also for the republican national committee. so i'm very confident that there will be enough people

anthony: i'm anthony scaramucci.e are coming to you from the investing conference at bellagio in las vegas. it's hosted by my firm sky bridge capital where we are bringing together the top mind in investment, politic and entertainment. gary kaminsky we have larry summers, it's fair to say you are a supporter of hillary clinton. what would a donald trump presidency mean for the united states economy? >> it scares me. i don't know of a greater threat to our prosperity. i think policy would be extraordinarily erratic. i think there are great risks to the global economy. great risks even going to the government, credit. domestically i think it would put an uncertainty premium the like of which we haven't even before into the markets. anthony: do you think some of the kfg coming from the candidate is coming from the tactic and adaptability where sometime people in the political community are confusing as mixed principles? >> anything is possible. it's an experiment i don't want to run. i don't think the u. seattle governm

larry summers will join anthony scaramucci on "wall street week." tomorrow night 8:00 p.m. here on fox business. should be interesting. david. david: switching over to democrats, where they're dealing with their own unity issues. bernie sanders campaign manager jeff weaver speaking out against hillary clinton, warning a clinton nomination, quote, would be a disaster in november. fox news's mike emanuel has been following it all for us. mike? reporter: pretty stunning stuff. sanders campaign said voters want to roll the dice and court disaster to protect the status quo. as for the campaign hillary clinton is back in new york. this hour she is doing an event with hiv aids activists in brooklyn. while clinton campaign and allies are attacking donald trump she is talking a fair amount on the campaign trail about health care. >> we do have to be careful to have more choice and competition in the health care system if we're going to have an effective, affordable care act that gets up to 100% and deals with some of the costs. reporter: ben bernanke has full schedule of events in s

jcpenney, target, kohl's, nordstrom, all of them come way down, not much business, jeff sica and anthony scaramucci anthony signed up with the trump campaign. won't talk about that right now but about the retail ice age. we are in it. >> there is no question that there is a slowdown, but what i am more worried about is capital investment spending. one of the big things that happened out here at the conference is because of the specter of deflation the capital investing you slowing down in the marketplace, usually a precursor to recession. stuart: precursor to recession. what do you make of this retail ice age? >> first thing is there was always this concern that it would hit the high end and low end retailers, now with nordstrom yesterday coming and with horrendous earnings, what we had from jcpenney, what we are looking at now is a retail massacre, consumers are gasping for air right now. it has a lot to do with amazon. amazon has taken an immense amount of market share from these retailers. this is an indication how much the consumers struggling. we have been told for decades the consumer is the

anthony: welcome to "wall street week," the show of record for the long-term investing, i'm anthony scaramucci bartiromo in this weekend for gary kaminsky. good to see you, anthony.

i'm anthony scaramucci. gary: i'm gary kaminsky. wealth of information from last

." >> welcome to wall street week, i'm anthony scaramucci. gary: i'm gary kaminsky. ny: joining us is a giant

i'm anthony scaramucci. gary: i'm gary kaminsky. no denying it.he financial crisis, the markets continue to move based on what the fed says it will or won'to.

i'm anthony scaramucci. gary: i'm gary kaminsky. no denying it. years after the financial crisis, the markets continue to move based on what the fed says it will or w

i'm anthony scaramucci. gary: i'm gary kaminsky.still digesting the wealth of information from last

." >> welcome to wall street week, i'm anthony scaramucci. gary: i'm gary kaminsky.

i'm anthony scaramucci. gary: i'm gary kaminsky. no denying it.nue to move based on what the fed says it will or won't do. anth

. >> if he takes the money from likes of our friends anthony scaramucci, he will be defying his campaignledge of self-financing. and, basically, taking money from the fat cats. lori: didn't he have a plan in place? how confident was he trump, that he would win nomination. >> depends. i don't think early on he was. early on he will be there in and get his views across and build his brand. then he did something amazing. he won. lori: oh, my gosh, now what? >> it will be interesting. two things i think from financial and economic, just from money standpoint. does he take money? how does that money come from? where does it come from? that opens it up, public financing round or takes money from donors, opens him up to sort of hypocrite line. and number two, does he release his tax returns? i've never seen a presidential candidate not release their tax returns. this guy's tax returns have got to be great reading. i don't care, if you're, into money like i am, this has got to be pornography. his, donald trump's tax returns are porn. lori: that is the quote of the hour. >> porn for every financi