before we let brian kelly go, is oil december tinned to go much, much higher?long both brent oil and wti. >> how much higher? >> it depends on how bad it gets. >> you eyre going to ride it as long as it goes? >> that's right. >> we're already near nine month highs. >> there is a difference between a short term. you don't have to worry about why the spirit and manufacturing backbone in this country has not been mobilized towards growth. >> thank you. be sure to stick around and catch brian kelly and the rest of the fast money crew coming up. >> are you putting your money to work as best as you can. >> inside practices that make your advisor wealthier but maybe not in the best interest of your bottom line. >> yesterday we learned that the american apparel ceo is being dismissed. today we found out why and we have got some video. here it is why. the full story but not the full video, people. >> thank goodness. we will be right back. the world has gotten you far,f but what if you could see more of what you wanted to know? with fidelity's new active trader pro inves

every as says this athens this command is card and dangerous brian kelly its emblem the sec -brian kellys ago is getting more we just would just an vivas said thiss li-a-w tur pow. g more watclime-r rougthislockf pu mesce! w, l's s it actn. ugh rd wer bld-u go. nocrubng! rbo wer stro it! lime-wayurboower see e dieren, orourmoy ba. just an beaverbrook but back on new 15 harris said heiress' cabinet that has now gone viral . he says abuse 15 that its have ended at know how much those wares may hurt. about a guy who was black as come forward saying that just a beaver is mavericks -racist. all across america, people a using lysol in hundreds of way what's christine's story? i started using lyso disinfectant spray, gosh, as long as i can remember. i use lysol on soft surfaces because you can't put your couch in the washing machine. i think that lysol disinfectant spray compares to other products in that it actually kills the germs. which helps keep my family healthy. it's tried and true. i mean all you have to do is just spray. it does the job for you. lysol - hundreds of ways to he protect y

brian kelly. apple and google both in the home control area. i like control. >> steve grasso. >> safer weighted, kb homes. >> pit boss? >> i got a better fit for alan mullally. how about ual. i think that fits him better. he has his boeing background and ford background. epi. i like the way it's been trading. i think this indian efl is going higher. >> that does it for us on "fast. quti" """options action" starts right after this break. have a great weekend. "fast."""o right after this break. have a great weekend. tdd#opti right after this break. have a great weekend. "options after this break. have a great weekend. : you re tdd#: 1-800-345-2550 you look for what's next. tdd#: 1-800-345-2550 at schwab, we can help turn inspiration into action tdd#: 1-800-345-2550 boost your trading iq with the help of tdd#: 1-800-345-2550 our live online workshops tdd#: 1-800-345-2550 like identifying market trends. tdd#: 1-800-345-2550 now, earn 300 commission-free online trades. call 1-888-628-2419 or go to schwab.com/trading to learn how. tdd#: 1-800-345-255

. >> reporter: the points guy founder brian kelly says this really will separate elite and business travelers from economy class. >> in the grand scheme of things most leisure traveller will feel the pinch on this. >> reporter: because of their merger it may be a year or longer before american and u.s. airways join the club, but kelly and others say maybe it's time for consumers to take a good look at their loyalty. >> if you've been flying a certain airline blindly because you think you're getting a lot back in return, it may be time to think differently. >> reporter: think differently not by joining another airline's frequent flyer program but by relying, for example, on credit cards which they say are the easiest way to rack up miles these days provided you pay them off in full monthly. chris clackum, "nbc 10 news." >>> target says it has fixed the glitch that caused long delays at checkout counters at some of its place on sunday. they said the registers were unable to process debit cards. it identified the source and that it was not a secury-related issue. last december target announced i

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

also with us, more on today's markets, "fast money" trader brian kelly, and importantly, we've added pisani to the mix, bob, because eric schneiderman is going after barclays for their dart pool. what are the implications here? >> well, we're still waiting for the actual press conference to begin and get actual information, but early indications are that they are looking into the concept that barclays may have misrepresented information in its dart pool and may have disadvantaged clients that were not barclays clients over barclays clients. we need to get more information on this, frankly, because the press conference is about to begin. but if that is actually the case, there would clearly be some violations here. the s.e.c. has said many times in the fast that price time priority is very important, best execution. you cannot favor your clients over other clients, even in a dart pool, and if they have some information, if sneiderman has some information that they have, in fact, done that, that's a serious allegation. >> it is. and we're going to keep people posted on that when we hea

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

well, it's not just brian kelly betting on bitcoin.ng millions of dollars of investments this year alone. we'll take a look at the driving forces behind online payments next. plus, are the cyber wars the new frontlines here. we find out which companies are ready for battle later on on "fast." >> this is unbelievable. it looks like your baby but far more handsome. >> yes, that's true. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] ♪ my mom makes hospitals you can hold in your hand. ♪ my mom can print amazing things right from her computer. [ whirring ] [ train whistle blows ] my mom makes trains that are friends with trees. [ train whistle blows ] ♪ my mom works at ge. ♪ tdd#: 1-800-345-255050 tjust waiting to be found. ties my mom works at ge. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 bring what inspires you tdd#: 1-800-345-2550 out there... in here. tdd#: 1-800-345-2550 out there, tdd#: 1-800-3

dan nathan or brian kelly? can we unsee things? we'll battle it out over next week's earnings report. a street fight you will not want to miss next. >>> one of the most annoying songs on the planet. looks like apple and samsung can have a surprising new competitor in the smartphone market. amazon sending out invitations to a product announcement in seattle along with a video teasing its newest offering showing a woman holding a device that looks like a smartphone. there it is. just the top. but you see it. all right. so amazon shares spiked. i mean, is that -- does that make any sense? >> i want to see something else. >> oh, my gosh. >> i'm just saying. >> that's phenomenal. >> i will say this. when you look at amazon's entrance into the market, they have low single digit market share. they have never been able to make roads with the fire. >> yeah. >> i just don't -- listen, unless there's something revolutionary there, they're not going to have -- they're going to lose money on this like the other hardware. >> for the stock to be

. >> with that said, that .8% pullback in the afternoon session, brian kelly, does this make it more attractive? >> not really to me. i leak the trading action in ford a little better. what i would, do i would buy ford and short toyota. i bought the yef today. it will get stronger and use that toyota hedge in case there are tape on for the rest of the industry. >> let's move on, let's talk google. the annual developer's conference the slow products, wearables, td hitting the street. josh. >> reporter: well, melissa, at google's developer's conference in san francisco the big theme no matter where you are, google wants you on its operating system. take a listen to what google executives unveiled today. >> we're right at the beginning at a few phase in the miniaturization of technology, which means it is finally possible to make a powerful computer small enough to wear comfortably on your body all day long. >> the excitement in the auto industry is growing. today we are happy to announce over 40 partners have joined the affordable allowance. >> today, we're announcing android tv. it's

votes, it was almost our first shutout, overwhelming pa majority, you out there the viewers said brian kelly street fight. fras so. >> zero. >> registered one vote. >> thanks, mom. >> too bad your kids can't tweet you, you'd have four votes. time for the final trade. dan. >> pandora, long call from september. >> or grass so. >> who describes the street fight, mr. market, we sal she. w cnn. >> since we are talking mr.s, microsoft i leak the breakout dealer. >> old school ncr. >> national cash register. i'm melissa lee, thanks for >>> all investors, there's always a bull market somewhere and i promise to he will you find it. mad money starts right now. hey, i'm cramer. welcome to "mad money." people want to make friends, i'm just trying to make you a little money. my job is not to entertain you, but to coach you and teach you, so call me. or tweet me.

. >> reporter: brian kelly is founder of the point guy.com his travel site shows you how to make the>> i just use 60,000 united miles this past fall to fly business class to the mal december. >> reporter: and offers. >> most credit card sinus bonuses are 40, 50,000 points. >> reporter: getting bumped from or flight on purpose. >> net note. >> reporter: in today's travel climate airlines are fewer and planes are fuller even often over sold. too many passengers, not enough seats, volunteer yours but not before you learn the secret to maximize your reward. first, prepare by checking the flight. >> if it's sold out online and they're not even selling tickets, you can be ab insured that's probably over sold. >> reporter: that's your queue to pack everything in a carry on. it makes you a better candidate for a bump. >> if you've got a ton of checked bags and you need to pull it off the flight for the gate agent. >> let the gate agent know your plans are flexible and instead of calling for volunteers, they could just ask you. >> i've heard of that option. >> reporter: the best way to do it

starts right now, new york city's time's square, i'm melissa lee, your traders are dan nathan, brian kelly, guy adame. sell-off hits the street a. late day sell-off with the dow seeing its worst slide in over a month. energy clocking in as the worst performing sector, fighting 2% as worries over violence if iraq outweighs volatility numbers. the vix begin i finishs better than in months. should with be concerned? put in context, it's 13 handsments. >> not a day makes. >> really, actually, it does. >> it's not good fuse on the housing front t. dubai story is interesting. i think it will get more interesting. the fact that the bond market continues to get sold off. it should have, it didn't rally, rates going lower, i think rates continue to go lower. it's a global story. i'm still in a deflation camp. >> guy and i were talking about the before the show. i think what was interesting. i didn't expect the sell-off because the housing numbers were so good. in a bull market, when you get good fuse like that, you usually get a rich. you saw the nasdaq rip this morning and completely reverse. so t

"fast money" trader brian kelly and dennis gartman. dennis, i'll start with you.eing whether it was david tepper's comments earlier today, the behavior of markets, the decisions people are going to start to make now, a capitulation of the bears? >> well, i would hope that the bears may not be capitulating because you need bears to keep a good market going higher. there's plenty of people around who are still bearish. i think they're obviously wrong. they've been fighting that trade for a long period of time. i hope there's still bears around. i bet they didn't cover and i bet with this morning's action in the euro, first of all, and the early sort of weakness that we had, i bet the bears were actually sellers early on, probably some ran their cover but you need bears in the market to keep the market going higher. you need shorts in a market to keep the market going higher. kelly, i doubt that they ran for cover. >> peter, are you one of them? >> unfortunately. but let me say this. according to the investors intelligence numbers on wednesday, there are no bears. an

prison camera outside his window to monitor his activity, he begins to yell at "lockup" cameraman brian kelly. >> go film from [ bleep ] child molesters. >> we're trying to get both sides. that's what we've within trying to do. >> [ bleep ]. [ bleep ]. >> that's what we're trying to show. >> come on out. >> i got it, i got it. >>> coming up -- >> we will not negotiate with terrorists! >> the anger in ad seg intensifies. >> you know what, you want to think it's [ bleep ] funny? and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief, and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, a

. >> reporter: brian kelly is founder of the points guy.com his travel side site shows you how to make i used 60,000 united miles this past fall to fly business class. >> and offers. >> most credit card sign up bonuses are four, 50,000 points. >> and his latest passion. getting bumped from your flight on purpose. in today's travel climate airlines are fewer and planes are fuller even often over sold. too many passengers, not enough seats. volunteer yours, but not before you learn the secrets to maximize your reward. first, prepare by checking the flight. >> if it's sold out online and they're not even selling tickets you can be ab insured that's probably over sold. >> reporter: that's your queue to pack everything in a carry on that makes you were there candidate for a bump. >> if you've got a ton of checked bags and they need to pull it off the flight it's a pain for the gate agent. >> reporter: let the gate agent know your plans are flexible and instead of calling for volunteers, they could just ask you. >> i've heard of that option. >> reporter: the best way to do it is by being nic

and brian kelly at the same time. 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 economic data, as guy just mentioned, didn't really tack on too much there. and everyone was sayi

. >> brian kelly is founder of the points guy.com his travel site shows you how to make the most of milest use 60,000 united miles this past fall to fly business class toly mal december. >> and offers. >> most credit card sign up bonuses are 40, 50,000 points. >> and his latest passion getting bumped from your flight on purpose. >> in today's travel climate airlines are fewer and planes are fuller even often over sold. too many passengers, not enough seats. volunteer yours, but not before you learn the secrets to maximize your reward. first, prepare by checking the flight. >> if it's sold out online and they're not even selling tickets, you can be assured it's probably over sold. >> that's your queue to pack everything in carry on. it makes i was better candidate for a bump. >> if you've got a ton of checked bags and they need to pull the off the flight it's a pain for the gate agent. >> reporter: next, let the gate agent know your plans are flexible and instead of calling for volunteers, they could just ask you. >> i've heard of that option. >> reporter: the best way to do it is by being

. >> brian kelly? >> bad news in the airline space. i think you short the boeing. you should, too. >> steve? >> apple. i'm involved in apple. i have been negative on the name i'm waiting for a test of 85 or a break through of par. it looks like i'm going to get a test of 85 to buy the other half. >> guy? >> last night was the first annual -- >> first annual? >> karaoke -- >> "options action" karaoke. >> "fast money" won by the way. we schooled "options action." >> tim and i did it. we did a number of duets together. >> you did sweet melissa. >> sarah smile, hall and oates. >> not an earnings story. it's a potential takeover story. jim cramer had the ceo on a couple week ago. i like the name. >> that does it for us on "fast." >> sorry. >> as grasso goes for a cupcake. >> you won't believe how high some traders think intel can go. happy birthday grasso and b.k. and happy father's day to all the fathers out there celebrating this weekend. >> absolutely. >> look at that. what can your fidelity greenline do for you? just take a closer look. it works how you want to work

. >> meanwhile, "lockup" director of photography, brian kelly, is covering jones as he processed outgo. take your i.d. with you. have a good one. >> appreciate it. >> good luck. stay out of here. >> it was very typical of what we do on a release. the paperwork, the processing, making sure they get their money, changing out the clothes. and very interesting stuff. but one of the more enjoyable elements of lockup for me is when i see the second camera footage. to me it's always great to see that other side that i wasn't able to see when we were actually filming. >> what's the first thing you're going to do when you see him? >> as releases inevitably move slowly, the segment producer tracy found herself outside the prison with a new responsibility. >> i was entertaining the children by sort of running around the car with alexi and having her chase me around. >> but powell soon got some unexpected help. >> two dogs appeared out of nowhere. they came up to the vehicle where we were standing by. they let us pet them and got really comfortable around the kids. >> looks hike someone else wan

our traders are tim seymour, brian kelly, steve grasso, and pete najarian.ar tonight. >> so no difference from any other night. >> bingo! >> sorry. there we go. >> get serious here. apple, closing at $645.57 today. on monday each share will be worth $92.22. to our stop story, the return of risk. a strong jobs number this morning sending stocks to record highs. russell 2000 entering positive territorfo

kelly, good evening. >> reporter: good evening, brian. it's stormy here outside the challenger's headquarters. this is not the history eric cantor hoped to make and when he came before reporters today, he repeatedly declined to offer any sort of political analysis about his own sudden fall. jolted by his unexpected defeat, late today eric cantor announced he will soon give up the republican leadership role that made him a national figure. >> i will be stepping down as majority leader. it is with great humility that i do so, knowing the tremendous honor it has been to hold this position. >> reporter: as political parables go, as the 14-year eric cantor was gogh lie yoth with his $5 million war chest, then the newcomer, dave brat, the economics professor who raised a fraction, just under $200,000. >> this is a miracle of god. >> reporter: today, at brat's sparse headquarters, the shock of winning is still settling in. for brat's sleep deprived 23-year-old campaign manager. >> it is fantastic. >> reporter: and supporters. >> i felt like mr. brat was finally listening to people, and that's what re

kelly did have, at least, not knowledge. another bigamistry mystery in that's all of them. joining me now is brianmurphy, assistant professor, and in houston, criminal defense attorney brian weiss. thank you both for joining me. >> thank you, rev. >> brian murphy, you were at the hearing all day today. so there was a difference between what o'dowd said today and what the governor, governor christie, being who i'm talking about, said in december. how significant is that in your view? >> you know, it came at the end of a day when we had already learned there was a lot going on. on the day of that press conference that you mentioned, that's on the 13th of december. the day before that, we learned about a lot of activity that's going on in the governor's mansion in trenton relating to this story. so i think, you know, this mastro report paid for by taxpayer dollars that exonerated the governor is dieing a death of 1,000 cuts. after a whole day of testimony, we get this issue with o'dowd saying that, you know, he gave this e-mail to christie and it was right before christie went out and did that press

brian hackney. >> i'm ann notarangelo. for years, people living on the former naval station have been concerned the ground under their feet is radioactive and dangerous. mark kelly reports, a final test to be done this summer doesn't make them feel any more at ease. >> reporter: on the surface, treasure island is paradise but people who call the island home say scratch the surface and it's anything but. do you think it's safe to live on treasure island right now? >> i absolutely unequivocally do not believe it's safe. >> reporter: catherine lundgren lived here a decade and says the side effects from radiation are one reason she moved off the island. >> hair loss, rashes, cancer. >> reporter: the u.s. navy insists radiation levels pose no threat to public health. in fact, the plan is to turn the island over to private developers to build this residential complex over the next 15 years. >> it's going to be one of the premier addresses in san francisco. >> reporter: bob beck with the treasure island development authority explained that before new buildings go up, the island must be declared safe from radiation. streets and grass have been tested. but when higher th

kelly, one favor. >> did you just ask one favor? ivities just of you, my dear, which is to tell gucci that xl needs to be bigger, because -- >> xl. i shimp thiz, brians extra laurge is like most people's small. i look like ich wearing a half shirt. so no. >> i feel your pain. >> no, you don't. kelly, thank you. >> not that i buy gufi, but most people don't make a long enough inseam. >> kelly, you and i, you know what we go? tpp, tall people problems. >> i can wear gucci. >> you don't have that problem. >>> leaders of the country's biggest brokers and exchanges are meeting today. can anybody tells you why stock trading volume is so low? >>> and countdown to the top three global hot spots for housing, estonia was number three, number two is china. it has been red does that hot over the past year, but the most recent data from may is thousand that that market might be cooling off a bit. >> the average apartment in beijing is trading like something like 100 times the average income. could that be a problem done the road, you think? >> we're going to review the hottest housing markets when "street signs" returns. ideas th spark your curiosity tdd#: 1-800

brian hackney. ida rothschild disappeared yesterday afternoon. she was found about 2.5 miles from her campsite. mark kelly reports. >> reporter: this photo captures 9-year-old ida with her mother soon after the little girl was found safe. lieutenant doug pittman was there for the reuniting. >> ida, where have you been? and i can't help but admit it made me smile when ida responded back, mom, i'm fine. >> reporter: the search began friday. ida's parents last saw her shortly after noon friday. throughout the evening, rescuers continued scouring the thick redwood forest worried ida was not fine. more than 200 people including volunteers searched samuel p. taylor state park. >> this is the largest by size and scale search effort that i have ever been involved with in marin county. >> reporter: in the end two cyclists who lived just a few miles from the state park found ida saturday morning shortly before 9:00. >> they were aware of the search taking place here and they intentionally close to come out and ride here in samuel p. taylor with the slight hope they might find ida and to all our benefit they did. >>

brian hackney. frank is off today: >>> and i'm michelle griego. breaking news, san jose firefighters are battling a brush fire in kelly park right now. it broke out just over an hour ago, and it is burning near center road and fayl a an avenue at the southern end of the park. this is a live look from chopper 5. authorities say no one has been injured and no homes are threatened and we're also told it may have started from a car fire near by. kpix 5 lynn is close by. >> reporter: this fire has not affected any of those operations. the park continues to operate with families and little kids there. it's going to be a little bit smoky. you can see the fire continues to put out a lot of smoke. the white smoke that you see on the picture indicates that firefighters are starting to get a lot of water on the fire. as you mentioned, it has been burning for about one hour. so firefighters are well in place here. this became a three alarm fire, and there's about 60 firefighters on the ground here. it looks like it's burned only a couple acres. no homes have been threatened. firefighters continue to battle this fire. there is a helicopter overhe

brian hackney. >> i'm ann notarangelo. jean quan says she has the know-how to run a city and is confident she can win. mark kelly reports quan claims in a little more than three years, she got a struggling city back on its feet. >> reporter: family at her side, oakland mayor jean quan officially announced she wants to run oakland again giving herself this nickname after four years in office. >> the one thing the mayor has to be is chief defender of the city. >> reporter: as chief defender she told the crowd that she has helped bring 7500 new homes to oakland. more than 1.3 million square feet of new retail, reform. police pensions and made the streets safer within three years. >> the city that was financially in really bad shape and now we are just fighting about where we're putting the surplus, that's a big change in three years. >> but with success has come confusion, too. a vote was scheduled this week but two city council members pulled a no show. preventing the authority that oversees the coliseum from taking a final vote. the mayor preferred not to talk about the a's only saying this. >> you know, that was

kelly, i believe you were covering this story coming up on "closing bell." a story that gets brianng what? yes? >> buying all the new chargers, when they came out with that lightning adapter was annoying enough. >> the ammist community on the one hand always giving apple a hard time for not coming out with new products, but oirnd and you have consumers every time apple does, they get upset, because you have to buy a new phone, buy new accessories. anyway, the point is here as an iphone 5s, would use the charger to connect the headphones. so that's the rumor, guys, we're going to talk it next hour. scott wapner joins me. >>> we'll talk about green mountain and subways and maybe some freak ognomics this year. >>> is it related to captain jack? >> yeah, captain jack? >> or jack-in-the-box. >> or jax daniels. >> see, i knew -- i like that. >> i ficked that's where you were going with it. ee ah, evans. >>> we have some actual real-life business owners to talk about -- >> real-life business. >> shocking, isn't it? we're back after this. tdd#: 1-800-345-2550 searching for trade ideas that

kpix 5's mark kelly is in san francisco where some muni workers are staging a sick-out this morning. good morning, mark. >> reporter: good morning, brian. muni spokesperson says they're experiencing delays on all of their lines right now. he's calling this a higher than normal number of muni drivers called out sick this morning. we're at market and church street and we're seeing about 20-minute delays on the light rail line here but we did see one or two go by in the past 30 minutes. muni has tweeted all lines and routes experiencing delays. market street, where they're seeing higher than normal waits and gaps in service of the right now, muni says it's working to balance out the loss of drivers, but the contract negotiation is what's behind this possible sick-out today. the sticking points are pay raises for drivers and having drivers contribute more to their pensions. we spoke with one of the riders just a few minutes ago. >> have to walk pretty far. >> reporter: how far would your walk be? >> six or seven, eight miles. >> reporter: that's a long way to go. >> it's a good walk. >> reporter: that is a good walk. muni is urging everyon

kelly -- how much do you trust the fed? do you think they will be right in their projections? >> you know, brianust in what they tell us. i don't necessarily trust in terms of how they get to the point that they tell us. you know, the fed is based historically on models, and modeling of cyclical types of movements. the last 20 to 30 to 40 years in terms of neru and in terms of what they follow as the taylor model. john taylor from stanford produced a model in the early '90s that suggested the short-term interest rates should be 2% and with 2% inflation, the nominal rate should be 4. that's basically what they follow. we suspect with our new neutral that that has changed substantially. we saw a bit of that today with steve liesman's discussion on the blue dots on a long-term basis. we'll hear more from janet yellen, bur our suspicion in terms of why it's come down from 2% of real is basically that it's a highly levered economy, and levered economies can't take high interest rates. last point before we move on. we had 1% real fed fung in 2006, 2006, and that basically broke the back of the housing

brian? >> message -- dear america, lose today to ghana. >> yeah. "closing bell" is next. good luck, america. >>> welcome to the "closing bell." kellyexchange. >> hey, kell. i'm scott wapner. bill griffeth is back tomorrow. iraq looms as the market struggles to find direction. what is weighing more on equities right now, the troubling and still unresolved si

kelly evans, you have a big interview i believe coming up on "the closing bell." what is it? >> mandy, brian to see you both. there's a lot happening in the next couple hours. in fact, we have a pair of market veterans. we'll talk to bob olstein about the consumer and oil and hear from julian roberts. guys, there's so many interesting things this hedge fund master had so say, whether it was about mayor bill debla o deblasio, immigration, thoughts on google, amazon, he's a user/supporter/embracer of uber. >> did you also know he owns this apparently spectacular golf course in the greatest country in the world? new zealand. >> careful, brian. >> new zealand. >> be careful. >> new zealand. >> you're making me agitated. >> did you guys know he wnt there in 1978 for the first time with his wife thinking he would write a novel? he came back from that experience, didn't pan out exactly as he had expected and went on to have one of the most venerated two-decade careers in the hedge fund business. 33 funds with $25 billion in assets under management. >> and the rumor is that all the analysts there ar

brian tully and his daddy there. >> happy father's day. >> and the great kelly mcnally and her dad, john. >> executive producer jenniferpy father's day. >> what a great picture. >> that's a great picture. >> look at that. our senior producer, gavin and cole, his boys. >> our gavin is the 4th. the one driving is 5, g5. >> elizabeth hasselback wishing everyone out there a happy father's day. thank you, elizabeth. >> and we have another special. here's elizabeth with her husband, too. >> where is that? that's really pretty. >> thank you, happy father's day. >> we have a special daddy on the line. can we get don morris. good morning. >> hi, dad. >> how are you? >> i'm doing great. happy father's day. >> appreciate that. we got to see each other yesterday and had a special little day with all the kids, my kids wanted to help open up your presents. >> yes. >> what are you doing today, dad? >> look at that. >> well, not cutting the lawn. that's for sure. >> this will be the only day of the week that you don't cut the lawn. >> yes. probably is. >> tucker carlson, growing up, was clayton fast, was he funny? he's one of the fast

brian. >>> time now 6:52. hillary clinton takes on a new title today. author. her book hits store shelves but leaves one big question unanswered. >> three kids found safe following an amber alert. i'm mark kellyt san pablo pd where we're expecting an update in the next hour in the murder investigation. the details coming up. sions ar. you've got to make every second count. banking designed for the way you live your life. so you can welcome your family home for the first time. chase. so you can. ,,,,,,,, ,,,,,,,,,, it gives you options based on your budget -- it's a piece of cake. i was told there would be cake. get a free quote at progressive.com. >>> right now, the pentagon is investigating an incident that killed five american troops in southern afghanistan. reports say the americans were killed in a friendly fire accident. an afghan police chief says the americans called for air support after they were attacked by the taliban early yesterday. there's been no con pir madison square garden of his support -- confirmation of his statement. the five were killed by mistake from a nato air strike. >>> five things to know now at the :55. hillary rodham clinton's new book hits shelves and ereaders

brian? >> message -- dear america, lose today to ghana. >> yeah. "closing bell" is next. good luck, america. >>> welcome to the "closing bell." kelly evans down here at the new york stock exchange. >> hey, kell. i'm scott wapner. bill griffeth is back tomorrow. iraq looms as the market struggles to find direction. what is weighing more on equities right now, the troubling and still unresolved situation in iraq or the fed's meeting this week which will culminate with janet yellen's news conference on wednesday? you're going to see that right here at this hour, by the way. we also have both covered with a live report from iraq and our pros weigh in on just what the fed may do this week. >>> also, a very special and exclusive interview after the bell, traveler ceo jay fishman in a rare one-on-one. he is widely viewed as one of the most respected and effective ceos in the corporate world. fishman will weigh in on the state of his business, the overall economy and much, much more. you don't want to miss it. >>> all right, we can't wait. in the markets right now, take a look at the dow. it is down about nine points. the situation in iraq

brian. it's been decimated, another quote. let there be no doubt, the tide of war is receding. all positions that the president has taken, brit hume with megyn kelly a failed presidency in policies. moving forward he doesn't see it changed. listen. >> i hate to say it because i'm an american. i want a robust recovery. i want add more peaceful world. we don't have it. he's failing. there is not much question about it. things i suppose could turn around, but it's hard for me to imagine that the same policies, which he seems hesitant to change, are going to bring anything but similar results going forward. so i think we're looking at a failed presidency. >> you know what? when you look at the very latest polls that have come out, when you look at americans who are asked, is america on the right track or the wrong track, by a sizable majority, people feel like things aren't going the right way. so perhaps a lot of people do have the same sentiment as brit hume. >> there is over 60%. >> this just has not worked out so far. >> i'd love to talk about a decision, but he's not making a decision. meanwhile, there is more news to bring your way. fox news ale