herbalife plunging. the biggest shareholder and cheerleader is selling a quarter of his chair.losing steam. disappointing quarterly. the division better public performed better than expected. interestingly, old navy did not. they had been to the star performer of gap's brand. joe: let's take a look at the u.s., the 10 year yield down to move inis is quite a the past three days. we thought this was a big of move, people have been very short treasuries. a lot of people are eric shawn this. maybe we are finally seeing some of that intense short covering today. anxiety from around the world. in a bid intog treasuries that caused a lot of shorts to go the other way. speaking of those anxieties, check out short-term rates in peripheral europe. despite has not been on many people's radar, but a big up , the concern about the stability of the spanish as the coalition threatens to withhold support, there is a corruption thing going on and he says he will serve out his term. italy, it just keeps shooting up. look at that move on the short end as the new populist government gets closer to

and we are also watching herbalife today. isl i can -- ichan says he selling some of his shares. a long time supporter of herbalife, but now it has an outside position in his portfolio. 11 million shares of his 45 trillion shares -- 45 million shares in the company. -- president trump says the summit with north korea could still happen on june 12. he canceled a meeting with kim jong-un because of what he called anger and hostility from pyongyang. trump praisednt north korea for what he called a warm and productive response. in venezuela, newly erected -- elected president nicolas maduro admits his country is not dead government is not doing things well. oil production has fallen in half from a few years ago. that is where the is suffering from hyperinflation and other economic distortions that make for people to feed themselves. russia's foreign minister says he has urged his counterparts to present -- study facts presented by moscow before being blamed for the mh 17 flight disappearance several years ago. legallys being held responsible for the crash that killed 298 people on bo

to reduce that exposure in part because it did represent almost a quarter of the overall assets herbalife been a strong performer. they say even if they get hit on all 11.4 million shares, they'll have 34.3 million shares. >> oh. >> i've got to tell you it's a nice way sometimes it's not a bad call. he made a lot of energy investments not particularly well timed some i think are doing far better now than they were a year or two ago. >> and ikhan's performance versus the s&p over time it's not as strong as you might expect. >> no. you know, you mentioned the other day about exxon and how weak exxon has been. >> yeah. >> exxon did not participate, really, that much in the rally it's given it up pretty badly. i want to warn people that i think that june 22nd is the opec meeting. it's entirely possible that oil could be weak right through to the opec meeting because no one expected russia everybody expected the saudis might do something if you remember, when they decided to contain when the saudis made the deal with russia, that was the beginning of the big oil the last few points were very q

diversified been around longer doing okay a lot of energy in some of the top holdings here as well as herbalife stock alpha, alfa is an alpha clone alternative etf. very biotech heavy they look at hedge funds that had a blockbuster record over time which is hitting the lottery with some big biotech. this one is a lot of small bioteches in small increments, held like 1% or 2% each. >> are they all operating on 45-day delay >> exactly you're only as good as the information that feeds in. 45 days later. you don't know what they're doing in realtime. those are all the caveats you have to have in mind >> are they outperforming actual hedge funds? >> they've outperformed over the last couple of years by a little bit. it's not anything dramatic and they had a great run in 2014 back when actvisit actvisit actn their heyday >> mike santoli, our etf spot light. >>> north carolina teachers take to the street this morning in a latest of string of teacher protests demanding better pay and scott cohn is live >> reporter: about 15,000 teachers or so not held back by scattered showers today making the march to