mike wilson with us. this is an important chart.7,th lehman low. 2008 and here is where we were in the heat 40's ago. mike wilson, we have really improved. but the 14 day rate of change. how long does it take typically given -- to get back to normal given a big event like that? mike: what is normal? we have been way below normal. we are going to come in but not anywhere near where we have been. it could take several weeks. we are not in a rush to drive or pile in here. we thought this could take a couple of weeks. tom: i want you to take in all the research capabilities, the idea that we had an equity upset . the answer is that is all that. over here is another shadow derivative structure of fixed income and foreign exchange where we are doing risk parity bets. is there more to come? mike: the last part you mentioned, risk parity strategies, those will become a source of supply if the vix doesn't calm down. the vix and volatility needs to stay elevated for the strategies to be for sellers. before selling that happened on monday and

. >> and mike wilson, given the fact we do have that jobs report tomorrow, what are you watching mostsely especially in light of inflation is it wages? >> yeah, wages is the key for longer term interest rates regardless of what the fed is doing, the ten year note moved up on its own. this is the key thing for the equity market. it's been going up in a straight line for a couple months in anticipation of better growth and better inflation so the jobs numbers are important in that regard i think the things that really kind of wobbling the markets is we reached a point where the equity premiums reached fair value. this is despite the fact that earnings yeel earnings yields are going up dramatically equity is picking up that makes a lot of sense to us. also, earnings dispersion and economic data dispersion is also picking up so this is the environment we're in we've had a straight shot, 2850, 2900 this is a pause. it's well needed regardless of the data tomorrow, i don't anticipate markets to resume the path that we've been on for the lastfour to six weeks. >> mike wilson, i want to dig i

mike wilson who has been on the program numerous times, you go to 3,000 on the s&p, but you could have at least one if not several 10% connections after that >> well, look, i think we're talking about timing here, okay? josh, you mentioned something like the capex bubble has happened before, it certainly has. we have seen higher interest rates before we are talking about when this happens, though. i'll be very blunt, i think we have one last glorious leg up in the bull market. the bull market that start in 2009 i think it will take longer than a year for this bull market to run its course so the morgan stanley article that says that maybe through april, you've got the gains and then the volatility really starts to roll over, look, we'll have increased volatility, but i think the gains are going to extend through the end of this year for all the reasons, steph, you pointed out. basically, the fundamentals are intact, number one number two, if you don't like the market multiple, you can find plenty of stocks and build a diversified portfolio at multiples lower than the market. finally, y

. >> i think he put the note out, because he likes watching the show, and shout to mike wilson. >> iou're watching to think that tech is not going to do well if they made some adjustments, like apple, to your point. >> i bet you tech companies are raising their dividends at a faster rate than utilities >> i would bet you're right. a repatriation play. >>> bp, general motors, spirit airlines, tapestry formerly known as coach, set to report earnings tomorrow before the bell what are you in? what are you out of? >> dunkin' brands is a name i've been in. i see expansion. that tells the story for this company which many years back i think josh identified as -- >> i'm also a client [ laughter ] >> which did coach become tapestry >> a couple months ago are they trying to take the stock to $6? i don't understand. >> a merge are, they changed their name. >> there's a fair amount of put buying anybody for bp. >> i mean, you had chevron how rend out conoco was very good, but the big imagines have not been good. >> maybe some talk about whether they're get to get ready to fend off some kind of b

back now, angela rye, mike shields, rick wilson. mike, your reaction to this.sident tweeting tonight, this time about mitt romney and his newly announced run for senate. mitt romney has announced he is running for the senate from the wonderful state of utah. he will make a great senator and worthy successor to orrin hatch and has my full support and endorsement." what do you make of that endorsement? >> he knows mitt romney's going to win. and, look, donald trump at one point was talking to mitt romney about being his secretary of state. and so i think it's a much more complex relationship then people might want to say on the surface between these two men. and they're going to -- mitt romney's going to wind up in the senate voting 99% of the time for the trump agenda. so it doesn't surprise me the president would want a good republican senator from utah. >> so rick, for his part, romney responded this. he said, thank you, mr. president, for the support. i hope that over the course of the campaign i also earn the support and endorsement of the people of utah." d

they kind of, i think, put the case on the back burner, i believe. >> detective wilson did continue to look for mikebut wilson had to also focus on the 20 other cold cases that needed his attention. and then one day in 2010, came a phone call that would break this case. a confidential informant who said he knew exactly where mike snyder was. >> must have sounded good to you. >> yes, it did. and the detective investigating found mike anywhere, not been able to talk to ellen. source who said he had information on mike snyder. >> who was the confidential source? >> somebody that was a friend with michael sheffield. >> ellen's son. >> ellen's son. >> the man's name was patrick a 26-year-old motorcycle technician. he and michael had gone to high school together and were close friends. >> he had been living with me in my house with my son for months. they lived there rent free. >> out of the goodness of your heart. >> because he was michael's friend, yeah. he was a good kid. they needed this break. >> not only was he michael sheffield's good friend, patrick wassal ellen's employee at the r and s kau scacc

we caught up with mike wilson of morgan stanley on what he thinks happen the last few days. was what he had to say. mike: there is a regime shift going on right now, we call it reflation to inflation. that is not the end of the world but it is a different environment. the markets are trying to adjust. get some retest on some of these levels we traded at a monday night. we will get a opportunity to add to that acquisition. that is not rushing back in. alix: little bit of time. what is on sale? art: he brings up a good point. especially the point about the lows. when people look at the damage we did in a short the oh of time -- short period of time. to the extent you talk about it reflation to intervention -- to inflation trade, that was well for commodities -- that bodes well for commodities. that is an area of great opportunity. the demand picture has picked up with a sick a ninth global economics growth. i don't think that is being reflected in the equities. david: coming up, bank of england governor mark carney is due to speak about eight minutes from now. we will bring yo

wilson center here in washington. eespite that tough talk ther from vice president mike pence, does the u.s. see the opening ceremony of the games as a diomatic opportunity? kim jong-un's ster will be there, after all. sister will bes rk, as will be the nominal head of state in north korea -- will behe, as will be the nominal head of state in her career. thereic are iions that the vice president is leaving the door openhe. as not closed the door, but he is bringing with him a very harsh message. thhe is also breakinfather r, who was sent back to the united states, unfortunately to die. the chances are quite low. laura: and yet you travel a lot to the region and the south koreans are hoping that the dems could be an opportunity to --tart talks on nort korea the games could be an opportunity to restart talks on north korea, caps on forward movement. do you think that is possible? >> it is possible. there has been an olympics truce between north antisouth. the qu is, one, if north korea will continue its good behavior throughouthe if washingtd two, and pyongyang will find a way to come to the n

. >>> right now, mike, i will take it from here, i want to tell you about breaking news that we have coming out of southern california. that's where actor luke wilson was involved in a deadly crash. now, this also included a well-known pga golfer. that crash happened last night near the riviera country club. l.a. police say that a ferrari clipped wilson's suv, then collided with a bmw head-on. the ferrari driver also died. police say that golfer bill haas was in the ferrari, but he is doing okay. the bmw driver was also taken to the hospital. wilson was not seriously hurt. >>> happening today, a possible step towards justice for 19-year-old tracy woman. she was buttely butte ll ll ll beaten and stabbed. the two people accused in her death will be in court today. bob redell joins us with what is next in this case. >> reporter: good morning. yes, this will happen later this afternoon at around 2:00 here at the east county hall of justice in dublin where a judge will arraign that man and woman accused of this horrific crime. they are daniel gross, he is 19 years old and melissa leonardo, she's 25 years old. both of them have momodesto, bo accused in t

mike wrote the book about it. i'll give my own sense, which is generally speaking, wilson was a social darwinist in the sense that he believed societies evolve. they're not fixed through time. they evolve both at the center in terms of their norms and culture and so forth, and also at the edges in terms of what's in and what's out. i would -- there is an interesting exchange, there are a couple things i'd like to say actually. there is an interesting exchange he has with a british journalist when he just lands -- he crosses the atlantic to go to the paris peace conference. the peace conference doesn't start for a few weeks so he has a tour of england and italy and france. and he gives this interview to a british paper and i don't have the exact quote here, but also i'll paraphrase. the journalist asked something that implied the brits and the americans are anglo saxons, but uses the word race to tie them together. again, i'm paraphrasing here so bear with me. he said something along the lines, look, the american nation is no longer an anglo saxon nation. it was once, if we brits and americans share something, are

nations and peoples, i think it's so interesting and mike wrote the book about it so i'll just give my own sense, which is generally speaking wilson was a social darwinist in the sense that he believed societies evolved. they're not fixed through time. they evolved both at the center both in terms of their norms and culture and at the edges in terms of what's in and out. i would -- there's an interesting exchanges. a couple things i'd like to say. interesting exchange he has with a british journalist when he just lands, he crosses the atlantic to go to the paris peace conference but doesn't start for a few weeks so he has this tour of england and italy and france and he gives this interview to a british paper and i don't have the exact quote here but i'll paraphrase. the journalist asked something that implies that the brits and the americans are anglo-saxons and that they have this racial affinity that ties them together and wilson says -- i'm paraphrasing here so bear with me. he said something along the lines, look, american nation is no longer an anglo-saxon nation. if it was once it no longer is now. if we brits and americans

westbound watch for an accident near admiral wilson boulevard, cool shot of the sun bouncing off city sky line working your way up and over ben franklin bridge, mikend alex, back to you. >>> two people are dead, in port richmond one an off-duty philadelphia police officer. >> now her fellow officers desperately want to know what happened. >> steve, what do you have. >> reporter: she lives across the street from the public library and park, both used quite often and in one used it in the last few days had noticed the officer not around no indication of foul play. no obvious cause of death in either case and so far no official statement from the philadelphia police department about where the 36 year-old female officer was found in her house and whether she was in the same room as her 42 year-old boyfriend found dead with her. in the video it seems one possibility you could rule out where deaths were not caused by any kind of carbon machine oxide poisoning because when we see those cases when people have those signs of trum about their body windows and doors are wide opened where other first responders no the to get poisoned themselves when they go n

mike anal ex, back to you guys. you're going to see can you go get this for me. >> i did that 26789. thirty this morning to shawnette wilson . she did and left it on my desk. she was rocking on green lipstick. i was like work it, girl:what's the name of the guy, the staff photographer? david. my let i i follow him on instance gram. i saturday next to him on the plane from minneapolis and look at the shot he got. this has been seen around the world. at last you have jeffrey lawry's head in it, the mvp, nick foalts foles. has anyone checked on tom brady? someone who is not used to los ing like this, is he okay? >> i just wonder how he was going. he got deep sixed accord ing to the boston globe. the boston globe said slipped away. super come back. they had a super come back? i guess they did, the second half, they scored a lot of points in the second half. does it come as a come back if you didn't win the game? is that a come back still ? i don't think it counts. deep sixed. was it brandon gram that hit his arm? and then who scooped it up? the rookie, barnett. bar p net, okay. anyway, they said get to tom brady and they got t