and if you try to unwind this trade the most overused word gamma. morgan stanley put out a piece today saying that oil basically has this gamma dine muk -- >> what does that mean? >> gamma is the degree of delta, which is only going to make you more confused -- >> what is this telling you? >> because mexico -- i brought it up a couple days ago. mexico hedged their entire 2016 production at $49. >> okay. >> that means that the option-related plays on oil become a magnet to the $49 level in wti. we're at 45. probably goes to 49 and that's your lid. >> i see. seaburg. >> i look at today and see a lot of the really just nasty underperforming names, the real questionable names within energy completely outperformed. and that's a reason for nap because there's a risk off trade occurring. people that were long the high yield short the equity are covering. they're covering the equity and they're getting ready to come out of the high yield trade. the reason why it's coming off, there's a stock called halcyon there, was some news about funding that came out to

i know that either gamma or another pinpointed radiation for the brain, prior to starting infusions with immunotherapy drugs. i think he stands a great chance. there is hope for this treatment. what it does is helps a person's immune system identify and fight cancer sells. that that could be applied to other cancers muched. >> already it has. f.d.a. approved drug that saved my life. they approved that for lung cancer, just a few months ago. >> it was pricey, 150,000 for a year of treatment. you wouldn't have been able to afford it if you weren't accepted into a criminal trial. >> i have good insurance. i may have been able to afford it. many would not. i'm not sure how much it cost, but i was fortunate to be in a trial, and, you know, again you have to ask yourself, what is my life worth. so i'm not sure that the cost is as important as the facts that a melanoma drug will saviour life. >> i'm glad you're doing well and we can talk about this, let's hope it works for president carter. >> this week two women passing over a challenged training programme in the u.s. military. today they spok

for those of us, she says especially the women of s gamma for justice and equality, lack mothers, sisters, wives, politicians, and more importantly as citizens there is a different reality which stands as a stark contrast as to what has been published. she said it is true, afghanistan is not a paradise for women. we face a very uncertain future with the coming withdrawal of international troops. this is the part that struck me, let me read it. the she says if the world could only see through our eyes they might get a glimpse of the fact that afghan women have come a long way over the last decade. it has been a difficult journey, marked by blood and violence, but we have made significant gains in achievement which would not have been possible without the generous support of the international community, especially the american people. so i would like to point to some of those achievements that she mentions in her letter to her american sisters. the benchmarks of progress. education, afghanistan has basically rebuilt an education system that has, for for all intensive purposes, stopped funct

space, a look at some of the most extreme events happening deep in the cosmos, from supernovas to gamma ray bursts to one of the strangest objects found in the universe, black holes. we examine the life and death of stars and the dramatic impact that's left behind, next on xploration outer space. welcome to xploration outer space, i'm emily callendrelli. we're here at the space telescope science institute in baltimore, maryland.

gamma holdings down by 4%. one of the biggest decliners across europe.is the swiss asset manager that says it will cost 165 jobs after reporting a drop in first-quarter profit. we know the chief executive of this company and we have spoken to him many times. alexander friedman. took over last year as serving as the global chief investment officer at ubs. he is trying to seek ways to shore up earnings which have been hurt. he has been reducing the value of assets and other currencies. cap is trying to strengthen its markets in the united states. a three-day decline but that is the big story. jon: let's set up into russia economicse russia's slide picks up pace. the gdp contracted 4.6% from one year earlier. ryan chilcote has been covering this story for us from moscow. where is the russian economy headed and is this is bad as it can get? it may not be as bad as it can get. these the risk him in worse than expected on top of a contraction of over 2% in the first quarter. the thing here is the underlying reasons. it is that investment is down and industrial

they showed us the gamma knife. it is focused radiation on the cancer cells they want to kill. similar to the treatment he started today. it is a one time treatment, the radiation requires multiple treatments which is what you heard him say he started today. before any treatments doctor use scans and mri to say diagnose the cancer and identify where it is. that is called staging. trying to figure out where it is and if it spread. >> melanoma is a killer. the best way todetect melanoma is a -- to detect melanoma is a skin exam. the way they present is late in the disease course. >> 90% chance of controlling the small spots that are targeted in the brain but there is a risk other spots will develop or that it will appear in other parts of the body. >> reporter: patients and doctors always chasing the cancer. although this is stage four, they say it is good they caught them early when they are still small and still treatable. >> i got to ask you, he mentioned melanoma in the brain. i always thought that melanoma was focused on the skin. >> reporter: it is. that the what i thought

machines such as a gamma knife can come at the tumor for 1000 different angles, intersecting just for the tumor cells are. give a very high dosage to just the tumor. know abouthat you the president situation, is that what they are going to do? target radiation to certain parts of his body? >> i think they will likely be targeting radiation to regions of the brain. i do not know the specifics of his case but will retreat patients with brain has to seize we -- we anticipate 90% will be eradicated. jonathan: and not knowing his thet -- how far in advance cancer is, what is the prognosis for 90-year-old patient with advanced melanoma? have patients in their 80's and 90's who received the new treatment and respond in the are currently disease-free. it is possible and may even be as likely as not that the disease could he controlled. kimberly: his former president carter coming to see you? >> i don't think so. i am assuming he is in atlanta. they are have very good oncologists who can take your melanoma and they will probably be involved in this case. kimberly: thank you so much for joining

the release of nuclear energy in the form of gamma rays. second was damage measurement head and third was blast effect. -- and third was blast effect. reinforced shelters had been built at 10,000 yards north, west, and south of ground zero for cameras to record and scientists to observe the blast. one camera would shoot color. the rest, black and white. besides running at normal speed, some would be running as fast as 8000 frames per second. >> it would take pictures and then it would pass into a steel to pullat could be used those cameras out of that area, which would be too radioactive to go in at all at that time. bradbury, who is group leader for bomb assembly, begin putting the components through loading tests in los alamos. by the following thursday, the 12th, assembly of the high explosives sphere began at this site. the next day, the px ambled -- the preassembled explosive unit left for trinity site. they were now working against time, along with everyone else still at los alamos. by now, plutonium delivered to los alamos had been s

. >> i want to use the gamma knife, gold standard for focused treatment for multiple small lesions. >er: she says it is a one time treatment. >> 10 minutes or as long as a few hours. >> i get my -- >> reporter: the radiation he is getting calls for multiple treatments. doctors use cans and mri scans to diagnose and identify where the cancer is. >> they are easy to pick out. >> reporter: it is called staging. once the cancer spread it is stage 4. >> melanoma is a killer. the best way to detect is skin exam. >> reporter: he says it is not uncommon for melanoma to spread. in general the disease cell by cell into the blood treme and it will -- stream and it will carry elsewhere in the body. >> the liver and brain are common. melanoma is aggressive. >> 10 years ago the prognosis would have been awful. >> reporter: there have been advancements in diagnosis and treatment. >> high chance of successful control with radiation treatment. >> reporter: which gives home for president carter's prognosis. >> there could be hope for people who have spread. >> while he gives hope to others. having some

my worry i call it a negative gamma stock. type of thing, if we get a rally, it won't rally as much, yet will stay in the mud if things don't rally. i don't like names like that. >> joe terranova, you playing 0 oil at all? >> no i don't see the opportunity in it. i the reality if you want the make the most money. the way to make it in oil. if you think oil rebounds, i don't necessarily know if that occurs is not to play the physical commodity, not to play the energy equity names. joint forces with a lot of smart hedge fund managers, who are buying the distressed debt in the high yield market. i'm not willing to make it an oil, i have no opinion where it's going. i am surprised that it's still below 40 even with today's volume. >> i think about buying oil. i remember that lima said there's a huge upside risk. the saudis keep saying we're not changing policy and then one day -- they change policy and bam you could be on the wrong side if you were thinking, if you believed them. >> so many people have tried, great people, much sm

he said it started late last week with what is known as gamma hedging. tom: the accelerations within the market -- hedging the second derivative. can we talk counselors on a friday? -- can we talk calculus on a friday? hedging, is that a jargon alert or what? bill: i know your viewers know what it means. vonnie: are you saying people who went to the beach were better off. mike: stay at the beach until you get the all clear to go back in the water signal. it is these gyrations -- this is a jp morgan strategist saying this, not me, i could have never figured this out. more mason chasers and portfolio -- momentum chasers and portfolio strategist that target volatility or reposition portfolios based on volatility -- tom: is the strategist that you follow into the week and write for monday? did that shift because of the week we saw? or is it steady? mike: as far as the people that deliver year and forecasts for the stock market, none of them have lowered anything yet. we are still looking at a 2230 forecast close for the s&p 500. tom: bill lee of citigroup he

a alpha, beta, gamma radiation, we'll pick it up.s not $150 billion, as you know the secretary of the treasury came out and said it's $50 billion. now, that's still money and i have two things to say. one, they have to fix their economy which will cost estimates of $500 billion. second do i think they'll try to do damage with this? yeah, i do. but so did the soviet union when ronald reagan did a start treaty and said trust but verify. i don't say. that i say verify before you trust. and they used their monies after the start agreements to have proxies against us from cuba to vietnam and north korea and also this. understand that if they cheat we always have the military option on the table and that's the key. >> but these billions where do you think they're going to go in the iran economy? >> i think they're going to do several things. i think they're going to try to get in like they had that vip lounge that you know about alex, that was just set up in the airport and all westerners are starting to flow there to make deals. a lot of