julian emanuel with ubs. ws brazilian equities amid the most unloved bull market since time began. you quote thomas petty, the market strategist from 1981. "the waiting is the hardest part." julian: waiting for clarity. there's the international situation that greece is helping us with. the issue is is the economy going to be as good as the fed believes it to be? as good as rising interest rates with project it to be? as good as rising wage trends would predict projected to be? the answer is likely to be yes. tom: bring up the s&p chart. we are waiting for a correction. if you did not know anything moving from the lower left to the upper right. there is nothing wrong with the stock market. why is there so much angst? julian: you are over six years into a ball run. people have been programmed to believe recessions happen every six-seven years. a recent poll of cfos indicates only a 60% probability of recession and the next year. there is angst, particularly when you are seeing china -- tom: are we setting ourse

julian emanuel is the director of u.s. equity and derivative strategy.ing you want today. erik: coming up, we have great guest lineup for you. the outgoing ceo of twitter and the ceo of yahoo! joining us live from the bloomberg tech conference out in the west coast starting at 12:00 p.m. eastern time and i'd :00 a.m. pacific. -- and 9:00 a.m. pacific. ♪ erik: let us have a quick look at some of your top headlines. get hub is trying to raise $200 million and a new round of funding. not to push the tech startup value to $2 billion. it helps companies and developers build software. officials in california say that many of victims in the balcony collapse are going people from ireland. and happened early this morning and berkeley. five were killed and a were hurt when the balcony fell from a fourth floor of an apartment building could some of the injuries are life-threatening. the cause isn't known. calling it a threat to public health, the government is cracking down on artificial trans fat. the fda ordered food companies to stop using trans fat within three