. >> all right mike is in san francisco today what do you think of carter's call >> obviously he had a great call earlier this year. we heard that from a couple of quarters we began with a general understanding that the longer rates would go higher. it seems universally they will go lower everybody is looking for rates to descend and that may mean they have descended as far as they are about to. we will also remember that it was about three weeks ago that jeff was talking about the fact that options were cheap on tlt. he was talking about being a straddle buyer we talked about that three weeks ago, august 125 straddle we've seen a very sharp move the straddle was about five bucks is now 7.5 but still the price of options remains relatively cheap so two things i would say. number one, if you had that straddle on, definitely take the call leg off or at the very least roll it up but my view it to go along with carter here, make a bearish bet on tlt, which is bullish on the rate side, especially after joh wayne's comments where he was saying don't keep about keeping your powder dry. lowe

thanks, carter mike, what is the trade?> i think when we look at fedex, i mean obviously one of the questions we have to ask ourselves fundamentally because we're looking at a company trading at about ten times earnings, what is the problem here why does the market see so much trouble ahead for fedex? you know, we have really two stories here one is international, integration of tnt and how they're doing internally the other, of course, is the 800-pound gorilla in the room, amazon this is not simply an issue, fedex will point out we were talking about it before, it doesn't represent a big part of their business the question is whether or not they will have a competitor in the form of amazon, and that obviously is very troubling. combine that with the other headwinds they're already facing, and that is the reason it is trading as cheaply i think right now as it is the thing is the options themselves though are not that cheap. so looking at earnings next week, the market is implying about a 5.4% move or so for fedex, above it

carter >> fedex, we think, has risks. don't be there >> mike?uy spy puts >> dan >> procter, crowded trade. puts are cheap heading into earnings i like august put spreads. >> that does it for us see you back here next friday at 5:30 the following program is a paid commercial presentation for total gym fitness. [music] everybody work out. feel the energy. build a better body. the best you can be. another body easy as 123. oh. ahh. better body as easy as 123 with total gym.

yesterday the control room at the mike carter station malfunctioned. a similar issue in happened at the pittsburgh bay point station as well. that combined with the growth fully loaded trains chugging along at reduced speed with air- conditioning units that struggle , you have a perfect storm of triple digit misery. on social media this photo showed passengers getting off the pain train because of the stall. thousand suffered and long lines and were left waiting for hours on the platform. >> we want to deliver a better service and we are constrained by the reality of our agent system that needs to be reinvested. >> the president said 75 new cars that were running yesterday had no problem. more are being added to the fleet every month. as for the control room, they are taking steps to upgrade and it will be 5-6 years before it's fully implemented. >>> this just in, officers investigating a police shooting and san leandro this evening. this happened just after 4:00 at the house on martin boulevard near george paul elementary school. chapter 5 flew over t

last month mike and carter bet on an oil surge. >> the trade uso making the bet again that these minorg to give away and they have in the past to recovery moves. the sequence would call for a higher trade here, long uso. >> i was looking to july, 13 and a half calls, trading about $0.42 when i was looking at this earlier. >> that was may 3rd, the uso down around 4% since the time of that trade mike, how do you manage this ahead of the opec? >> one of the reasons that you put options trade is that you limit your risk. we were talking about that before at one point this went from 13 to i think 10 1/2 since we put that trade on. they obviously fell right out of bed. our trade risked about $0.42 total. these things are worth about $0.06 now. i wouldn't let them go at this point because they're basically a little lottery ticket there. obviously we got the direction wrong on the underlying and the reasons we put the options trade on is to limit our risk and in this case it did fortunately for us. >> and actually, to say it's down 3% is being generous. the peak to trough from when we got in c

welcome back to "options actions" it is time to look back on some of our open trades last month mike and carteril surge. >> the trade is uso, making the bet again that these minor sell-offs all are going to give way, and they have in the past, to recovery moves. so the sequence would call for a higher trade here, long uso. >> i was looking out to july the 13.5 calls, those were trading about 42 1/2 cents when looking at this earlier. >> that was may 3rd. the uso down around 4% since the time of the trade. mike, how do you manage this ahead of the opec? >> you know, one of the reasons you put on options trade in sometimes volatile spots like commodities is that you limit your risk. at one point this went from 13 to 15.5 since we put on the trade. it obviously fell out of bed our trade risked about $0.42 total. these things are worth about $0.06 now. i wouldn't let them go at this point because they're basically a lottery ticket obviously we got the direction wrong on the underlying and the reasons we put the options trade on is to limit the risk and in this case it did fortunately for us. >> car

last month, mike and carter bet on an oil surge. >> the trade is uso, making the bet again that thesee going to give way, and they have in the past, to recovery moves so the sequence would call for a higher trade here, long uso. >> i was looking out to july 13.5 calls trading about 42 cents when i was looking at this earlier. >> that was may 3rd. the uso down around 4% since the time of that trade mike, how do you manage this ahead of the opec? >> one of the reasons you put on options trade in sometimes volatile spots is you limit your risk at one point this went from 13 to 10.5. since we put that trade on it fell out of bed out of trade risked about 42 cents total. these are worth about 6 cents now. i wouldn't let them go at this point bus they're a lottery ticket there obviously we've got the direction wrong on the underlying, and the reason we put the options trade on is to limit our risk and this inn this case it did, fortunately for us. >> to say it's down 3% is being generous the peak to trough, when we got in, literally it collapsed almost 20% yes, with this recent rally in cru

mike went into the calendar aspect of it if you are really bearish and let's say you agree with carterand you look at the charts and say this could be back at $75 where it was a month ago. you know, mike's trade structure, it's okay, you'll make some money, but if you're really convicted on the fundamentals, you're going to miss and guide down again and you don't like the whole trade situation and you don't like, you know, the chart setup, then you do want to actually target maybe a put spread, right, where you're risking what you would basically be, you know, possibly making if the stock were to go down towards your short strike at $77.50. >> and that short strike may stay the same, so that's a good point. if you're getting more bang for your buck, but you need more things to go your way to make that bet. >> that's right. >> that's the thing. what does the market do generally over any 30-day stretch? almost two-thirds of the time it's actually higher so those make those low-probability bets in this case, though, i do think there's more danger to the down side than there is a risk that

that could have a lot of air in it and that concerns me >> mike went into the calendar aspect of it and you were bearish and you agree with carterwell and this thing could be back at 75 where it was a month ago. mike's trade structure and if you're convicted on the fundamentals and you'll miss and guide down again and you don't like the whole trade situation and you don't like the chart setup then you do want to actually target a put spread, right? where you're risking what you would possibly be making if the stock were to go down toward the short strike at 77 1/2. >> that short strike might stay the same >> you're getting more bang for your puck, but you need more things to go your way. what does the market do generally over a 30-day bets, in this case, do i think there's more danger to the down side rather than the risk that it will pop on you. >> up next, gold hitting its lowest level of the year and there is another metal that traders should be looking at ahead of next week do you have a question for the traders? i know you do. dig deep into your pockets and send us a tweet we will try to are sw the question live on the show

very much, we appreciate your time, ms carter, james grantand appreciate your time, ms carter, james grant and mike coward and daniel says, this is a silly name—calling, borisjohnson is says, this is a silly name—calling, boris johnson is brave says, this is a silly name—calling, borisjohnson is brave and resourceful and his attitude to europe is farfrom resourceful and his attitude to europe is far from cowardly. resourceful and his attitude to europe is farfrom cowardly. he also had the courage to resign from cabinet, unlike his opponent. brian said, to defend boris's caldas by saying he has already had many debates is futile. —— his cowardice. my debates is futile. —— his cowardice. my question is how he would cope in real intense meetings and challenges on an ad hoc basis, how will he cope in pmqs? bill says, jeremy hunt is showing his true colours. he shows he will do anything underhand to get into number ten. he is mudslinging of the worst kind. not somebody we wa nt of the worst kind. not somebody we want as prime minister. he ruined the nhs as health secretary and will ruin the uk. another

relationship with qatar are proven the full evidence of carter's diplomatic worth may yet be to come mike hanna washington a school in northeast india has told parents that their children won't get free classes anymore unless they pay their fees with plastic waste students who go to actual form school in assam states must now collect $20.00 items of use plastic every week they are then recycled into eco bricks which can be used to construct school buildings toilets and pathways or scheme was introduced after parents ignored a plea from teachers to take part in a recycling project. the parents don't have to pay any money for the school but we tell them instead of money send us your plastic from your house if you want your child to study here for free you have to participate in the recycling efforts and every parent signs a pledge to never burn plastic again now artificial intelligence is making waves in the art world a robot called ada is having her focus 1st solo exhibition in the english city of oxford all works have already been sold bringing in more than a $1000000.00 charlie angelo ha

carter in the studio. what does the us do now, based on what mike hasjust does the us do now, based on what mike has just saidsources that it was the iranians so let us assume that is done. he said as far assume that is done. he said as far as the us reaction was concerned that we would continue the political and economic, and interestingly left out military, i assume that was intentional, i, myself do not think it would be safe for the iranians to rule out military. if we were to ta ke rule out military. if we were to take one of the actions he mentioned, which was against a us vessel, i'm quite certain that would very quickly result in a us military response but he seemed to be keeping his counter dry response but he seemed to be keeping his counterdry in response but he seemed to be keeping his counter dry in that regard which is appropriate in an early stage of a crisis like this. he did go some way towards explaining what is otherwise the odd iranian behaviour which he now attributes, not to some unauthorised or accidental kind of transgression, but what he sees as a pattern unfolding over a couple of mo

from a technical standpoint that carter sees and then you see the potential for some stuff to go wrong this summer and stocks to go south, this call spread the way mikes doing it makes total sense it's probably some of the cheapest vol on the board if you want to play for macro volatility this summer >> the most impressive thing is the equities themselves are a beta trade you get more of a small cap. then of course you have the risk of picking the wrong stock so that is captured by doing the gdx, the gdxj or the small stocks >> we often hear some other people on the desk talk about playing the minors as a levered way to play gold that is exactly the point. there are idiosyncratic risks there. it's a capital-intention self business there are a lot of things that play into it that could foul the trade if you're trying to make an explicit bet. we can basically take all of those other complications off the table if we do it this way >> along the terms of picking gold as a safe haven, how did carter do the charge as far as safe havens typically. >> people say it's not anything, a metal you pick up and put back in the ground. we know that classically defen

the informant to spite on george papadopoulos on carter page for joining us now with more, florida congressman matt gaetz and ohio congressmaner mikeu. one of the problems, congress congressman gaetz, i have with this is that the mueller report appears more like the day like an extended op-ed. we found out about the doctor that nancy pelosi video in we found out that the transcripts from president trump's lawyer john dowd, the transcripts to, there were the keywords missing. is mueller writing op-ed or doing ansi investigation? >> we continue to see chinks in the armor. when it comes to the mueller p report. i would pointoi you to the great work by john solomon, who frequently appears on this program, who pointed out constantin polin men, who mueller defined as an individual connected to russian intelligence, was actually a source of the state department working with our government. so if robert mueller wasn't able to ascertain who was spying for the russians went to was reporting intelligence to our own government, i think it would call into question substantial portions of his work. but there are three real levels of what mr. dur

from the technical standpoint that carter sees and that you see the potential for some stuff to go wrong this summer and stocks to go south, this call spread, the way mikedoing it makes total sense and it's some of the cheapest vol on the board if you want to play for some sort of macro volatility this summer. >> and the most aggressive thing is the equities themselves, right? are the beta train and you get much more of a move out of a small cap miner than you will out of it itself and of course, you have the idiosyncratic risk of picking the wrong stock and you have the jdx, or the you will sma stocll stocks or the gd >> i hear people playing the minors as a way to play gold and there are levered ways and idiosynchratic risks and they have operational challenges and it's a capital intensive business and other ways they play into it that can foul trade if you're trying to make an explicit bet on the commodity and gld is a clean way to make that bet and we can take the other complications off the table. >> in terms of picking gold as a safe haven, how carter did the charts look at some of the other stereo typical safe havens some people say gold isn't an

carter and dan say it's about to get much worse for the group. they will break it down. and later, at athleisure stocks are on fire this year, and mike ko

carter in 1976. we have marc lotter, director of communications for the trump 2020 campaign and former press secretary with vice president mikeo you think of this. >> not much. if we believed polls, president clinton right now. president trump will be reelected with texas in his corner come 2020. melissa: what do you think going on with these polls? do you think they are only reaching a certain group? people are not saying how they really feel? what way are they not missing mark that you don't believe in them? >> the biggest thing, none of the 2400 people or people running on the other side have a glove laid against them. they're running unchallenged. they're not mixing it up with each other to a certain extent. has gotten so bad many in the mainstream media are trying to excuse plagiarism of all things because they're so far in the tank for the democrats and for vice president biden. trust me, when we get down to an actual candidate to take on president donald j. trump they will not be getting a free pass. melissa: but in texas? do you worry about losing ground at all in texas, even giving, given how close beto o'rourke got

carter's sunday school classes have become so popular people arrived several hours early to get a seat. wow. and today we mourn the loss of one of our own, former nypd detective and fox affiliate reporter mikeattlesing cancer and spent 25 years on the police force. he leaves behind a wife and a daughter. he was 71 years old. our thoughts go out to his family. ed: we will miss him and we honor his work. jedediah: absolutely, those are your headlines. griff: all right four teens turned heros when they run into a burning home to save their 90- year-old neighbor. >> and he picked me up and i said i can walk. ed: the incredible rescue and what these young people did stepping up to save here life, coming up. >> ♪ ♪ so in this commercial we see two travelers at a comfort inn with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com." who glows? just say, badda book. badda boom. book now at choicehotels.com. griff: president trump critics wrong once again by getting mexico to step up its efforts to reduce illegal immigration so what does the deal mean for border agents? joining us president of the national border patrol council brandon