bob doll with us. from your perspective, how difficult is it to tell a client we don't own them, we don't own those names? bob: i would be in a disappointed situation if i had to do my client that. thankfully we do. but the question is what happens for here. you have all been alluding to it. we have amazing corporate earnings in the second quarter, but almost definitionally, and the back half of this year, market growth is going to decelerate. markets love when markets accelerate, not so much decelerate. i think it is just not a smooth glide, not a straight up. it is bumpy from here. tom: at crossmark, the game is to extrapolate out five years, 10 years. give me the courage of robert doll right now. how far out are you looking to believe in the extrapolation of apple, amazon, and for that matter, mcdonald's? robert: the companies are adapting, to use the word you have been using so far this morning. that is good news. the problem is what happens to the valuation, the multiples, as interest rates creep h

bob doll, andy brenner, former barclays' ceo bob diamond and uber-traderrer sarge gill here to make -- sarge guilfoyle here to make sense of what's happening and what's going to happen. we've got our crystal balls out with the best of if best. crypto's dinged as well, but that's not stopping the spac action swirling around them. in fact, bob diamond just had his spac target with the principal operate orer of stable coin usd. a lot on that coming up. nothing stable about meme stocks lately though. wild moves over the past nine days. the ceo is here the display the new a.i. advertising technology strapping into uber and lyft cars to target you as a consumer, but will they target you as an investor as well to buy the stock? it's a fox business exclusive. but first, we've got to begin with this fox business alert. yes, from this intraday chart of the s&p, the bulls are fighting to stay in the race. right now we do have the s&p down 39 points. low of the session was a loss of 68. and while the dow expect nasdaq also try to avoid sinking back to session lows, the 10-year yield which cratere

bob doll, thanks for joining us. we appreciate it. >> thank you, sir.esla up about .89%. susan: that is very specific. interesting retail change in strategy. i thought this was very interesting from electric this morning. instead of tesla going into these high traffic malls they will go more to remote and cheaper locations. so they're targeting the remote work crowd because you don't really have to pack into high density big cities anymore if you're working remotely, only working three days a week, right? stuart: that's smart. susan: you reduce the rent footprint and rent costs which you think is smart. also more tesla workers are working remotely as well. they will manage test drive fleets remotely and delivery centers. stuart: show me mgm, please. susan: yep. stuart: they have an upgrade. susan: goldman sachs not helping out apparently. stuart: apparently not. susan: to neutral 43 bucks. looking at recovery in travel and gaming. another interesting headline, wynn bets and cumulus media are entering a multiyear, multiplatform partnership. think of gami

bob doll joins us right now. with the federal reserve, do you agree with the president this bought of inflation is temporary, what do you think? >> no, i don't think so, stuart. part of it is, no question parts of it, but when you think at the breadth of things up in price, go to the supermarket, it is very broad and very wide. some will disappear because of pandemic comparisons. some are supply chain related. they can get solved over time but prices are moving up. the line i've been using, stuart, the era of zero to 2% inflation which we enjoyed for a long time is over. stuart: what happens if we have still go, say for the sake of example, say we have 4% inflation this fall and this winter, what happens to the stock market? >> i can't imagine the stork market will like it much at all. first the bond market won't like it. if the bond market really believed 3, it is 4, that is even worse, interest rates would move up, bond prices down. that would challenge the equity market. i think we'll see some of this transito

bob doll is with us. rise in producer prices and the market still goes up. >> i have a hard time, i'm scratching my head of this was the fed we want to get above 2%. the careful what you wish for. it is hard for me to believe it is all transitory. i do think there is some transitory, some supply related. at some point the market struggle a bit. stuart: i understand that. with inflation staying with us probably through the summer it doesn't sound like we have much chance of a strong summer rally for the stock market, does it? >> i think you are right. remember how powerful the economy is, that's the other side of the story. the path of least resistance is still up and it will be bumpier than the first half. stuart: i want to deal with bank earnings. bank of america, wells fargo reported first in this morning. take us through the headlines of those big banks. >> bank of america shares are down even though profitable because like jpmorgan they felt confident assuring their rainy day fund but net interest inc