. -- what didstion is you miss? wells fargo kicks off earnings season. we talked to the cfo of the biggest homeland or about his business and the economy. enter iran -- the nation's back in the game of global commerce. what does it mean for oil prices? joe: and we dig into the hugely asymmetric risk of gaming the fed. alix: we begin with stocks. the s&p continuing the bounceback we saw yesterday. basically, you're looking us talks that are positive on the year. the dow looking at its best four-day gain in about five months. steel.really a risk on kind of a mellow field. mellow, but very widespread. nine of 10 s&p sectors in the green. the only sector that was down was utilities, and that can be expected because they are so defensive. we've seen several days in a row. we saw the vic's absolutely collapsing over the last few days. alix: if the fed does not necessarily raise rates, utilities are not as attractive. i want to take a deep dive into the bloomberg terminal and look at the story that i was watching all day, and that is the iranian nuclear deal. a