that is what a lot of the xip, oih, other energy related etf's are, trading vehicles. have to know when you are doing to get in at the right time and exit. that is why we built this, to mitigate the downside but capture the upside associated with energy demand. scarlet: how much downside do you see in oil prices right now? obviously, oil has gone through an interesting patch lately, lots of talk that saudi arabia and russia, opec and non-opec members will be teaming up to increase production once again. toby: the fact that saudi is talking about increasing production is actually a healthy sign. the reason that's happening, you have declines that took place in venezuela, other areas where they are needing to back fill the loss. we look at it holistically. we will go about it in a way, when energy prices come off, we are going to have a benefit with the consumers and such. the price range, it will stay north of 50. when i say it, i'm talking about brent crude, not wti. but that is a pretty general range. eric: and quickly, mlp etf's. you have a mutual fund for mlp's. the

we would stay away from oih at this point.ck out you can find all of our charts that you see on bloomberg tv. you can save charts. gtb go. ♪ what's a gig of data? well, it's a whole day's worth of love songs. 300 minutes of baby videos. or, it's a million chat messages. a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay less for data. it's a new kind of network designed to save you money. click, call or visit a store today. said atesident trump the white house he will not suspend robert mueller's collusion investigation and he would like to speak with him. he also cited a department of justice in the investigation released yesterday as proof the fbi was plotting against him. >> i think the investigation now problem with the investigation is everybody has massive conflicts. , her party that handler -- a mark: democrats disagree and comments made after the release of the report, senate minority leader chuck schumer noted the justice de

the xle, xop, oih are collectively covering exploration, drilling, servicing, gains across the board,ackie >>> we're only halfway through 2018, but m&a volume in the u.s. set to hit a record. already topping a trillion dollars. here to shed light on what's to comehis year asmark the halfway point is mark schaeffer he always joins us at least once, maybe twice a year oftentimes you're a sober voice, i will say, in terms of, hey, don't get too crazy here but you think this has legs. >> i'm smiling >> on recorde. numbs are up dramatically as you talk about bo in the u.s. and globally. and it's really driven by the big deals. you are talking about three times the volume of last year in the first half of the big deals and almost double the number europe's recovered we talk over the years about a $500 billion gap europe's comeback. the moment sum broum is broad b. >> what's pushing it is it macro or is it really much more specific to sort of the fundamentals of reach industry >> i've come on and we've talked a lot about macro. i think this is more fundamental. you look at tech innovation an