freeport went so far as to call on you the copper business as disappointing.ever says we disappointed these days? gold has been going nowhere. they borrowed heavily to do so. on the call we learned that it now intends to sell a big chunk of the oil and gas subsidiary to pay for the acquisition. i mean talk about buy high and sell low, and all this comes in the wake of last month's hideous 84% dividend cut, which devastated the shareholders base. i'm calling it the definition of awful. what has it been doing, though? the stock has done nothing by roar higher including a terrific gain. so you've got to ask, has was gone inside? this front seat/backseat action is a flashing neon sign that many are betting on a sea change, a real one. first it's a bet that commodity will get stronger. kind of a supermarket of commodities. if it can rally only if people think that inflation is coming back. that's what makes you want to buy gold. it's about oil making a u-turn heading higher. what do all of these things have in common? a weak dollar. not a strong dollar but a weak o

. >> this is always a second time east bay mud has purchased water through the freeport pumping station. once it arrives in the bay area, the sacramento river water must go through a seven-step treatment process and east bay mud filter plants. >> the water from freeport when it blends with the san pablo reservoir water very easy water quality more so -- and because of those variations the conventional plant is more effective in treating that water. >> the ph, and chlorine and californiacal alkalinity, and to the traditional supply which comes from the mccollum river. >> even with all this east bay mud still plans to go on the open market to purchase more water in the coming weeks. in el sabrante, laura anthony, abc 7 news. >>> san francisco is heading out new lawn ornaments. the science carries the slogan brown is the new green. san francisco residents cut their water use by 8% this year. these signs promote more conservation by encouraging residents by cutting down on irrigation and let their lawns go brown. >> we're encouraging people, when you look at your lawn if you allow them to g

it happened on a wednesday afternoon in freeport, texas. 12-year-old dana stinson walked to her bible at church just a few blocks from home.

it happened on a wednesday afternoon in freeport, texas. 12-year-old dana stinson walked to her bible study at church just a few blocks from home. two hours later, when the class was over, dana didn't return home. >> her mother went looking for her and was advised by the teacher that she had never appeared in class, and then the police got involved. >> i knew right away. my stomach went into knots. my legs were shaking. i was just certain something had happened. >> their neighbors joined in the search but found no sign of the young girl. dana's father was a local prison guard and he feared that an exconvict had taken revenge by targeting his daughter. >> i thought one of the offenders might abduct her. that was the first thought that came to my mind. might have been right or wrong about it at the time. i don't know. >> several hours passed. then shortly after 10:00 p.m., a few miles away in oyster creek, texas, dana walked up to some boys playing basketball and claimed she had been kidnapped. >> this was a deserted road. it was dark. not a lot of traffic. if you were there at night, y

. >> and a play on commodities in macmaran and freeport and copper. >> an area not well liked but it is tremendously outperforms and demand will outsupply dividend and they are in energy and copper and we think that is commodities that th world will need and that is ride the storm if you have a strong stomach. >> mike have a good weekend. thank you for joining us. mike with the permanent portfolio family of funds. >>> general electric reported better than expected profits in the face of a strong dollar and weak oil prices and the results come one week after unveiling the plans to dramatically shrink the finance business. shares of ge started higher but ended slightly lower. mary thompson has more. >> while general electric first quarter profits declined they kept a tight reign on expenses. >> they have a good first quarter growth. we've seen the quarter we planned for. >> the stronger dollar trimmed a billion dollars from the company's revenue. while expense controls and strong performances by businesses making jet engines and locomotives fueled earnings that including general electr

. >> freeport, breaking out. bye, lisa. >> bye lisa. >> that does it for us on "fast money." catch us monday at 5:00. but did you miss the rally in technology? coming up on "options action" we have the name that is poised to pop. next week. stay tuned for that. >>> live from the nasdaq market site as a record week for stocks comes to a close, carter, are you excited? i guess he is. our guys are getting set up behind me. here's what's coming up. ... >> forget the apple watch or iphone we have the reason why apple is about to break out. and it's a thing of beauty. >> unless you like hot -- >> i'm so hungry i could eat a sandwich from the gas station. >> might explain why dining stocks have been on fire. except one. which is about to break out. we'll give you the trade. and talk about shocking. >> i'm edward kimberly. >> maybe not that shocking. we'll tell you about the sector that could surprise investors with next weeks earnings. the action

morgan stanley went up put the whole dubai on freeport. what are they doing? they're restructuring.ell the gold of banc of america t. oil companies capital there, mostly gold has gone down and up and the mining comforts of gold are up and up. so people are. >> to that whirlpool quarter, do you want to do business in brazil being the economy is flagging? >> petro is up. they reported. one of the funniest pfingst that happen for this pvr, i make the joke, pbr, people were cheering they were getting the numbers up. if they looked at theb in, wait a sec, we have numbers, the numbers are the worst. but we have them. we have numbers. the other thing when you look at any company that does business in some of these countries, the currencies are still declining, coca-cola is hedged again the euro and the yen. if you have a lot of businesses in latin america, the currencies are interesting. >> of course i think of the areas, directv has a lot down there. just in general, latin america. i don't know i haven't heard yet. at&t will close that deal in the future. on that note by the way, it is wo

that will be tomorrow but also i think one to keep an eye on would be a name like freeport-mcmoran because oil composite there. makes it very interesting. be interesting to hear what they're saying now and what they're seeing in terms of the pipeline going forward. >> doc? >> i'm going to stick with ebay, judge. like it. i like that big trade. >> the options activity? the options action as they call it around here. >> they did trade on the bid, recognize that, but the stock printed nearly 8 cents through the bid as well. it was done with stock. they're looking for a big move after the earnings. >> jimmy? >> general motors. there's a lot to pay attention here. if there's one thing i think might surprise to the upside it's european operations in opel. long gm into earnings. >> do you have that in wur portfolio or personally? >> both. >> that's what i thought. steve weiss? >> i'm still waiting on amazon for tomorrow. i don't think it's too early to get prepared for it, and that's going to be i think a very important quarter -- >> do you think it's going to be good? i have to go. sorry. >> i d

places that i'm looking for, i didn't get enough of a pullback integrated miners, freeport. i would stay there. >> selling was fierce today. one technician says now is the time to buy. let's get off the charts and find out where the oppenheimer technical guy has this to say. break it down. what are you looking at? >> tough day for the market. nothing better than a chart to put things into perspective. s&p 500 now down 2% from an all-time high. if you were to update this chart, there has been a bit of technical damage. we have broken this one-month uptrend. so i think that does put the index at risk to retest the march low at -- excuse me -- at 2040. the trend is fine as long as that is intact. and we think that holds. along with that rising 200-day moving average, probably the number one reason we're bullish on the market and think this pullback should be bought is because of internal breadth. here is probably your classic barometer, the new york stock exchange advance decline line. it has broken out it a new high confirming the advance. this is not the typical behavior you

let's talk about freeport mcmoran right now. >> commodity, cyclical companies like this, we're in the heart of the reason, there's so much supply of industrial ore out there. they had a good quarter and the stock is bouncing off the low. there's a huge overhang of too many mines out there i don't see it going anywhere further from here. >> we understand that the president and the japanese prime minister are going to be emerging from the white house momentarily. want to show you a live picture of the rose garden where we're going to take you live. as you know, so many investors have been focused on japan since mr. abe took office in 2012. for good reason. right now the nikkei is at a 15-year high. the nikkei is about 120 or so percent since he came into office with investors betting heavily on what he believes is going to work. his new abe-nomics, the three-arrowed approach to what's taking place in japan to try to end decades of stagnation, including fiscal stimulus, monetary easing, we know what's happened with the yen and why so many investors have poured into there and structural r

freeport. it would be i think, five times oracle's biggest deal ever. peoplesoft at ten. >> it's almost inconceivable. anybody who bought salesforce stock would get hurt badly. >> it's an incredibly high multiple. >> you are not going to do it to earnings. you can say cash flow. >> you have to make a real case to shareholders. >> you can't. the real case is hard to mark. will marc benioff stay there or devote his life to his charitable causes which is what he is really about? >> the reason a story like that even gets traction is because of the environment we are. in we are setting records. we may set records in m&a. >> no one gets fired reporting a takeover bid when it happens. we are in a new world. >> the market takes it and look what's going on. accretion to market cap in sales force is significant. >> i think it's interesting two days ago when i talked to recommend sales force, people said cramer it is ridiculously expensive. when will you stop with the benioff love? two days later is it ibm, oracle? where are those people telling me i'm all washed

freeport mcnamara and morgan stanley upgrading than. implies a 30% upside on the stock.a. we always think of it as gold and mining. there's a big line in gas too. >> faced the headwinds of being in the nexus of lower metals prices as well as lower oil and gas prices. the company is using to minimize its exposure to oil and gas by finding either a jv to investment or to actually spin off those assets with separately traded companies. that could be the turning point here for fcs. the second factor microsoft. very bullish on how high shares could go. overweight rating but releasing some of the analysis which shows upside to 68 bucks a share. that is about 40% higher from yesterday's close. we should note the analyst day is tomorrow. we're expecting to get more details on windows 10. that could be another catalyst here, brian. >> you know it's loud here melissa. did you say $68 a share? >> 68. 40% upside from yesterday's close. yep. >> no pressure on the ceo and his team. they'd better wow everybody. windows 10 better wow and knock the socks off everybody for that. stock 3 i

freeport mackmoran moving higher as well.on the board, the nasdaq and the s&p, both hitting new highs. the s&p hitting a record intraday high for the second day in a row. let's bring in katie nixon, chief investment officer with northern trust wealth management and steven whiting, global chief strategist with citi private bank. thank you so much to both of you for joining us. bob pisani was talking about this interesting thing happening in the heart attack. in the first quarter, we have a lot of worries like the stronger dollar, weak oil prices, fears about when the fed would lift off. a lot of those seems to be dissipating in various ways. is that a theme you're working around for the second quarter and beyond? >> so some of those head winds have dissipated as we've seen the stabilization in the energy market, we've seen the dollar stabilize, and we've also seen despite the dramatic decrease in expectations on earnings you know companies are chinning a lower bar. so i think, fundamentally, things are looking okay and we cert