max wolf, your view on what the market is doing right now and more importantly what we're likely to do yeah. so we see a little differently n our mind what we're seeing in the markets here is there is selective strength. we had a long explosion to the upside here. partly as money ran from all over the rest of the world into the relative safety and appeal of u.s. equity markets which we thought got a little bit out in front of the skis, a little bit of clean this dirty shirt and hamper factor. and the most recent two earnings season pronounced most recent one. if you did well, you blew out to the up side. for a lot of folks, they didn't do well. overall indexes are going to underperform for the next six to 18 months with some select names being strong. intact, where we cover most closely, we see this really strong. so you see things like amazon breaking out to the highs and apple dragging down the indexes. otherwise, a lot of pressure on things still at 18 multiple and a little bit overbought by global and historical standard in our opinion on a relative value basis. >> okay. we appreci

max wolfe and ross gerber. let's get to sue herera with breaking news. >> yes.t concerns herbalife. updating its recent filing to day and this concerns the ftc investigation into that company. the allegations were that it was operating a pyramid scheme. this is what they have to say. we've updated our disclosures to report that while there are a number of open issues, those discussions with the ftc have progressed to an advanced stage and the range of outcomes now include litigation or settlement. if a settlement is reached with the ftc, it would likely include injunctive and other leaf including monetary payment what our best estimate of being $200 million. they've updated saying they've progressed with the ftc. there are still some issues open and any remedy would include injunctive relief and a $200 million payment. that's their best estimate. the stock is up 12%. it could be it's viewing that as the skbii ibeginning of the clo >> that's what i was going to ask, guys is. that how this appears. ? go ahead. >> $200 million is not a crippling amount of money. if

. >> max, you're not a lone wolf when it comes to being bearish. you know, julia robertson, we learned, liquidated his assets. why are you bullish right now? >> we believe it's very cheap when you look at the fact they're going to have a good revenue for a while and then a huge buyback. we still have a lot of people who buy it for growth. i think that's what we're starting to see. here's what we're worrying about. phone sales are dropping or turning teddive. places like indonesia and places where there are a lot of price quality and chinese makers are picking up market share. we think that's pressure on apple. we think it's a good company, undervalued. we're cautious short term because when a love affair as intense as the one between wall street and apple ends, it's going to be bumpy. >> that was the view four or five months ago, i agree. the difference now is apple has products. most people don't know -- >> it was also more valuable. >> that's fair and that's what i'm saying. you to turn it at some point, max, because things are absolutely going t

if he got the max, likely ten years but for an 80-year-old. but i have to say, wolf. to what joey, my esteemed colleague here said, the parade of women. you're right. it is absolutely, you know, a probative versus prejudice durable iss case. but phil specter, i always bring that up. there was a parade of women who came in to say the same thing happened to them and it could have been the lynch pin in his case because when you talk about all the discrepancies in this case, andrea's got discrepancies in what she told the police, bill cosby's got discrepancies in what he told them. it will be a battle of the discrepancies but if you bring in those women, we have heard over and over, there's not a lot of discrepancy as to the pattern of that practice. >> this represents a real fertile ground and we're not there yet because there has to be a trial but in the event you're convicted, there's something called an appeal and something about propensity, they cannot be about my propensity to kill or sexual assault or drink, they have to be about what did you do on the day in quest

max. i like it, bob. >> thanks so much, guys. >> thank you. >> stay with cnn. we'll hear from bernie sanders later today. we'll speak with wolfitzer in "the situation room." >>> >>> it was sink co-cinco de yesterday and donald trump tweeted with a taco bowl. how rnc chair reince priebus responded to this tweet and the caption, i love hispanics. i asked my dentist if an electric toothbrush was going to clean better than a manual. he said sure...but don't get just any one. get one inspired by dentists, with a round brush head. go pro with oral-b. oral-b's rounded brush head cups your teeth to break up plaque and rotates to sweep it away. and oral-b delivers a clinically proven superior clean versus sonicare diamondclean. my mouth feels super clean! oral-b. know you're getting a superior clean. i'm never going back to a manual brush. real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there is only one place where real and amazing live. seaworld. real. amazing ♪ gaviscon is a proven heartburn remedy