craig johnson, jake ill start with you. from the complete coverage of the vics. how much are you watching it? is it still relate in today's etf world? >> it's important to be on, the vics is certainly relevant in today's world. i've heard a lot of people say the vics is dead -- >> mostly me. >> it's doing what it's meant to be doing. it's reflective of the market volatility that we see in the markets. i'd make two points, one, we have a historically low level of realized vol tlt in the markets. in fact, q-1 was the lowest on record since 1965. the second, you've had an excessive amount of volatility sellers in the market. look at the growth of shares which are the shore vile etfs. risks premium strategies, that's sell volatility. as long as that realized agreement from realized volatility you're going to have sales in the market. that's creating very low levels of vics. >> craig johnson listen, i can understand why the vics is at ten year lows, i understand jake's point but with everything going on isn't the vics suppose to

aaron gibbs and craig johnson. guys good to see you. aaron what do you make of this move? at impressive growth when i comes to chip makers. not only are they seeing production they're also seeing high prices. we're seeing earnings growth that have doubled from the forecast in the beginning of the year. we're look at 2% earnings growth for the industry and 12% revenue growth as well. so, top line and bottom line big double digit growth this year. intel just beat their earnings so over all looking very positive. >> and craig, it's almost shocking that it could gain 1.8% this week when the s&p is flat. >> take a look at the chart, this group is among the strongest in our work here today. stock index up 17%. everything is positive, all i'm here the positive news and right now i'm starting to seedy verges crop up when i look at the indexes. they're not making new highs along side the indentation itself. i agree with erin, the fundamentals are good but i'd rather trim some off the table and will selective investigating in some of the chip names. >> all right erin and craig thank

bullseye brief author, adam johnson, hodges capital management ceo, craig hodges, and our own lori rothman standing by at the new york stock exchange. are traders telling you about that? are they concerned at all? the vix is cheap. there is no fear out there. does that create fear among some? >> yeah. so concerned, trish, this could be a trap. the vix only dropped below the 10 level 10 times i believe in its entire history. when you see the complacency you wonder what is around the corner? traders telling me something is going to happen. the market is consolidating around the highs f you look at things on the table, tax reform, fed tells us the economy is in good shape, you mentioned solid earnings. those are all on the backburner. of course they could come back and could have a catalyst like that, snap of your fingers, but right now there is nothing to get worried about. trish: here is what i would say. i go to adam for his thoughts on this i've been watching the vix for ages. i look at this, i can tell you there have beetimes in my career, specifically going back to 2006 and 2007, as we

craig anderson had 44 saves. the raiders held ota's in alameda that's organized team activities. former receiver calvin johnsong as a special guest todd downing. after make the a 12-4 record, much is expected of the silver and black. having johnson in camp should help a cooper who's been compared to mega reason to despite making prot ball his first two seasons. cooper caught just five touchdown last year he knows he needs to step up his production. >> of course he's been on my mind, but it's a good thing to me because i feel like i can go nowhere but up. i know that i can have, you know, a lot more production than i've had in the last -- in the past two seasons. so -- >> he's just scratching the surface of what he wants to accomplish in this lead and very prideful. he's always been very serious about the game and, you know, works hard at everything, really, his conditioning level and understanding what he needs to be able to do to play at a high level. >> the 40 nineers are also holding otas this week before coming to san francisco. kyle shanahan's specialty was working with the offense. but now as a head coac

craig will join us on the historic occasion from washington. stay with us. this is bloomberg. ♪ guy: i'm guy johnson. we have a handle on cable this morning. on the retail sales number. apparently down to good weather. e u.k. skebtive party set to unveil the manifesto. theresa may will pledge that corporation tax of 17% by 2020. she has an awful lot of other things in there as well. the government report. our guests still with us. good morning. is it my imagination or is the entire political landscape in the u.k. shifted to the left? >> i think it is a much more populist trend. what is interesting with this manifesto, ss not the manifesto of a leader seeking re-election. this is long-term stuff. a pretty strong clear vision of a party that is afar removed from david cameron as you can be. >> this is a land grab from everybody else? >> i think theresa may is confident she is going to get a majority. she has always had a plan and a very clear vision of her brand of conservativism. torreysm london and the representing a privileged few. it is pretty strong stuff. tom: i wouldn't know a liberal democrat