fmc gave them $1.2 billion along with their health and nutrition division fmc got insecticides and herbicides along with a research and development pipeline all for less than they would have had to pay if it weren't for the government that's one of the main reasons the stock caught fire last year. what went wrong earlier when the whole lithium group was poe laxed. everything lithium related was getting killed when the commodities were higher. agriculture was on fire. the 15% of the company that was lithium was enough to weigh the whole stock down can you believe that let's go over what happened with lithium. there is quimica it is a chill aian miner that's the world's largest source of law lithium. it struck a deal with the regulators in january that requires them to expand production when you increase supply that puts downward pressure on pricing. over the next four days, fmc lost 8% of its value frank mitch our analyst from wells fargo describes it as de minimus, negligible, whatever euphemism you want to use for small, but the market wasn't having anything of it. investors turned so hostil

. >> i think the compelling call goldman sachs upgrades fmc, which is the old machinery corporation.he interesting thing about the call, lithium, which is what everybody got excited about, that's the tesla side. they make lithium batteries. it's the crop side in order to get the dow dupont deal done, it's an important deal, they had to spin off their crop unit. now, i mean, dupont. i think people don't recognize how important that unit is i think it's going to be a fantastic for them. >> for fmc. >> right corn pricing, new high crop protection is good. i like this. i think people are underrating how important it is. sometimes when a justice department allows a deal to get done, they force a giveaway. and fmc got it. >> your friends at consolation brands are perhaps the poster child. >> could you be more right. >> i think people have to the recognize the company has a lot of optionalty. they should be focussing on the crop business not the lithium business, which is just not nearly as booming as crops. >> all right. >> all right. >> fmc up almost 3%. it. >> the most underappreciated s

fmc, maker of agricultural products,nd lithium fmc raised its 2018 adjustment after its earnings beat estimates. we are watching the sheenery stocks, this is a group that has approved on the day. we are talking about caterpillar, deere, and companies like that. away from stocks, looking at the this bounce from the end of march until april and now. it fell down over the last few months but gaining traction. the new york times highlighting goldman sachs push into bits going trading. fruito bitcoin trading the bank is about the begin using its own money to trade in cryptocurrency. >> mark crumpton. >> president trump celebrated the national day of prayer by that will initiative make recommendations on policy that affects faith-based and community programs. pres. trump: this office will also help ensure that faith-based organizations have equal access to government funding and the eagle right to exercise their deeply held beliefs. toand the equal right exercise their deeply held believes. more than 200 worshipers were killed in the shooting in texas, some survivors attended. a man spoke a

with everyone on the fmc, everyone is saying i can he say it's that she says not.good fortune -- he says not. kathleen: with the good fortune of talking him and, ramy, he made so many points clearly. italy and theut crisis on how it is affecting. i think it is interesting that the rise of europe -- eurocentric parties is an issue the fed will take on board. when asked about trade, he did not seem to be worried about trade yet. let's listen and hear why. >> everyone is talking about how the trade talks might trade world trade arrangements. however, the proof in the pudding, it comes down to what is actually agreed upon as far as trade arrangements and i'm not sure that all of that -- all that much is going to change. kathleen: we will see what is in trump's trade putting. that seems to be -- pudding. that seems to be changing a lot. jim repeated his view that the fed has already reached the neutral rate. they should be cautious about getting any more restrictive. hesaid also, the economy -- appreciates the fact that the economy is stronger, but he does not stand up

for what investors want from powell, what they want from fmc, still with us is ali miremadi, and andrew when you look at the fed, what you look at first? the last time you were on i asked if the u.s. economy is overheating, and now we are seeing a slowdown. most interesting thing going into this meeting, the fed has preferred inflationary measure has been below the 2% target for a long time. it is now basically at 2% year over year, and that is happening three quarters before the fed thought it would happen. the key question for this meeting is twofold. how does the fed frame that? and, how much tolerance is therefore and overshoot? there has been a theory, this thinking that because we have missed consecutively and consistently below our target for inflation, we should be fine missing above it for a while. economists view our is that the fed will be the main point. francine: that me bring up my charts, the probability of more rate hikes in 2018. it goes back to the narrative you were telling us. what happens if there is a yield inversion? a economic slowdown? is it a dilemma for the fe

when you look differenthis is very -- for a global audience there is a debate internally between the fmcrney, -- is there a credibility problem? what is the market pricing in for one hike this year? reporter: we all know, mark carney did get that reputation as an unreliable boyfriend. that is something he will want to avoid today. we have market probability of more than 90% of a hike today at the end of march. that has come down to 12%. the market has done about-face. -- inflation softer, still above target at 2.5%. growth at 0.1%. pmi in april soft. meeting, first quarter slowdown, might be more entrenched. it could be risks. wek carney in april saying, are looking at data, may is not our only opportunity to hike. will he say something hawkish today? he sort of needs to because inflation pressures but how far does he go? even if he does go far, will the market believe him? tom: within the press conference, what we listen for? i will be listening for what he says on the forward guidance, in terms of what will happen this year and beyond. anything he says about rates curve. said, rates wi