bloomberg television gets a rare sitdown with neil ferguson. we begin with our market minutes. it was quite a rally today. it started off relatively slow, but it really caught steam at around 2:30 and we moved into the close, ending up over 100 points. withad all 10 in the s&p positive territory. energy was the laggard. nonetheless, it was able to flip into positive territory at the end of the session. amazon and banks were moving higher. this was the best day of gains in two weeks. joe: it's a like the momentum had come out of the rally a little bit. a great start to the month. anyone trying to sell in may were already down on that strategy. good call. apple, it was a crazy roller coaster ride today. at one point, still on its longest losing streak since 1998 , we were below the friday lows they made, which technically could have been a bearish indicator but nonetheless climbed into neutral territory by the end. only the third time in history that it's had a selloff like that. it tried to go green at the last second but then when right a second after that. look at the five-day

we have the always outspoken neil ferguson of harvard. he'll join us and we'll ask about the possibility of a british it from -- ex-exit from eu. for decades, investors have used a 60/40 stock and bond model, with little in alternatives. yet alternatives can tap opportunities that traditional assets can't. and even though they're called alternatives, they're actually designed to help meet very traditional goals. that's why invesco believes people should look past conventional models and make alternatives a core part of their portfolios. translation? goodbye 60/40, hello 50/30/20. ♪ >>> welcome back to "power lunch." rick santelli live on the floor of the cme group in chicago. look at an intraday of ten. compressed range. trading $1.84 to $1.86. it's all about foreign exchange. look at the dollar to index going back to january 2015. that is the last time the dollar index closed down here. let's go one year further back in time. see how much runway we have. so you see the dollar index january of '14. lots of room there. let's flip it around

to neil ferguson, there's a lesson in all of this that we're all right starting to learn the hard wayhe lesson is when a great power withdraws the conflict is most likely to escalate, and that's what's happened, and it is indeed a sobering one. >> the army has put off its decision to cut the 425 by another year until another president takes off what kind of a world will the next president, he or she face? >> the president president will face a world that is more challenging than any president that i have served. >> this is about whether or not we can promote a world that ultimately can share in the values that the united states is all about. if the united states doesn't provide that leadership, nobody else will. >> i think it's very fair to say that president obama is a retrenchment president, he doesn't want the u.s. to overcommitment. if you're obama you argue, hey, the military is in a lot better shape than when i got it, because i don't have troops in afghanistan and in iraq fighting wars that are unwinnable and not that important. >> the readiness of our forces to deal with great

bloomberg television gets a rare sitdown with neil ferguson. we begin with our market minutes.rally today. it started off relatively slow, bu

as the historian neil ferguson observed, it takes a network to defeat a network.arrant allows us to bring criminals and terrorists like one of the failed 21-7 tube bombers that fled to italy. we could bring them back to the u.k. to face justice right away. our membership of europol gives us access to databases to help identify criminals. and we've begun to cooperate on dna and finger print matching across borders too. these tools help us in real-time, life or death situations. one of the paris attackers, salah abdeslam, was only identified quickly after the attack because the french police were able to use eu powers to exchange dna and finger prints with the belgians. before this cooperation, dna matching between two countries didn't take minutes. it could take over four months. in the last few months alone, we've agreed a new passenger names records directory so eu countries will have access to airline passenger data to enable us to identify those on terror watch lists. these new arrangements provide crucial details about the bank accounts used, the people they a