p. s. guess. when the thief group on the goldman map from the government, we make it for per share. now we make it felt to share at least 2 months to staff during the week. but we encourage them to have what i must go to. it's not enough. all of us we know cool big megs intervention kits. wheels meant to be distributed to schools. this school in the capitol. yo, wendy, sees it was only reset to book it. it momentum 4 bottles of hands in it. either this course supervisor is appointed by the level of mismanagement or something more about hearing about the nor mental affairs old and cameron year 180000000000 c f. a franks, if i'm not mistaken. when i think of ours, and i think about what we go, i think there was something that doesn't adopt something just does not. ada sees the start of the pandemic come room has a sheet, a total of $382000000.00 in emergency lewis from the i m. s less than $50000000.00 have been accounted for. it seems most of the money have ended up in private pockets. seize the position. this is there more. this is randy. this is the way that they function. this is

guess according to the charts. >> transports in general peak before s&p and my thinking is fedex will move lower. >> okay.erse stock split on july 30 what happens to my 4 january 22 calls will i automatically be closed out. tony take this one. >> so your calls not be closed out. occ will adjust these options and you'll have the adjusted options in your portfolio, as far as adjustments on this specific option i don't know but you can find out on occ website. >> good tips there up next, we got the final call >> "options action" is sponsored by -- that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ ♪♪ visit tdameritrade.com/learn ♪♪ ♪♪ >>> final call time, carter? >> amazon, i like it long. financials, i like them short.

s&p 500, nasdaq, nasdaq 100, technology and health care sectors. s&p on track for its best week since early april. 10 of the 11 sectors are higher this week. led by, you guessed it, energy another big week there up more than 6% over the last four days. year to date, the energy sector up more than 45% it is the best start to a year ever for oil and gas stocks going back to the inception in 1989 technology a big winner this week nasdaq composite setting the record 17th close of the year. nasdaq is 00hitting the 20th record close of the year of 2021 nasdaq 100 with tesla and followed by microsoft. tesla having a banner week up 9% since monday on pace for the best week since mid-april. microsoft closing with a market cap above $2 trillion. welcome to the club. you and apple in the united states stocks having a good week. crypto eh not so much. crypto is down ethereum is down 4%. bitcoin is down 2% it has been a rough few weeks for crypto investors >>> let's get to the morning's top headlines and the infrastructure deal struck in washington kristina partsinevelos is here now with those key headlines good morning, kristina >> good morning. president biden outside t

we have seen intraday swings in the market at the end of the day, the s&p 500 is trading in record high territory. i guessn is are these inflation concerns justified or do you think it will show up in the market >> the near term, it is justified. we think inflation is ticking up more than people expect. we think more likely than not it will be transitory and the market will be able to roll through you it we think short-term you will have volatility. there will be another bad inflation number and the market might selloff. we think inflation will start to drift lower and the fed will maintain its current stance for a while. >> we are expecting movement on infrastructure this week as the white house pushing forward with the infrastructure bill. still questions how it will be paid for your thoughts on the increase spending on infrastructure and how that to change the inflation story. >> we think it will feed on the inflation story. a bigger deficit more borrowing more spending. bad for pricing. there will be a trend in inflation over the next few years. we think it will be manageable we think the positives ov

guess, carter, according to the charts? >> transports in general peaked before the s&p and what i'm thinking is that fedex will move lower. >om our next viewer which asked ge announcing reverse stocks on split what happened to my january 22 calls. will i automatically be closed out? tony, why don't you take this one. >> your calls will not be closed out. the acc will adjust these options and adjusted options in your portfolio as far as what the adjustment will be, i don't know. but you can find out on the website. >>> up next, we have the final call arching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ ♪ i'd do anything... ♪ v ♪ for you dear anything... ♪

. >> lindsey, more broadly, where are s&p 500 multiples now as i guess earnings numbers have caught upo. the p.e. ratio on the s&p 500 on 2021 is about 22 times, which is still elevated versus historical standards which gets you to about 16 times but it's come down steadily as we've seen earnings numbers move high oerster we've seen earnings numbers move high oerst steadily and the mart numbers stay put since mid-april. i think that's an encouraging sign for the market overall into the future as earnings estimates move higher, i was very surprised with q1 results because the numbers moved up swiftly going into the reporting period and then there were big beats. that's pushing second quarter numbers higher and second half numbers higher where you're going to see a little tougher comparisons granted on average in the third and fourth quarter of 2020 we saw earnings decline 4 percentage points. so it gets a little bit tough e er, but not the toughest comparisons we've seen overall earnings estimates moving higher is a good thing for the market >> let's bring in cantor fitzgerald's senior

the skew index peaked then guess what, stocks will sell off. the s&ping back and resuming its uptrend but it had a pretty good sale up there a bit. does that mean it will rise again with the skew rising maybe, maybe not who knows. but you should get to know the skew index, look at it alongside the vix as well. because, slightly different, maybe important, but definitely on the rise lately random but hopefully informative. to expand the conversation and dig into that more, david nelson, chief strategic at bell point asset management i don't want to do all of these ramdom things for viewers. but, david, is it that the skew is widely offbase? >> brian, i'm a little nervous we climb the bwall and it's always something take your pick, big growth small, growth versus value it's all under the federal reserve telling us the inflation that we see and everything we consume is just transitory i think in the month ahead, that's a tough piece of rhetoric to buy >> but macro market aside, there are names like viacomcbs, applied material goldman sachs, three mnames r

which is one more reason why dutch m p 's find a strange reading that ukraine didn't know that there was a danger to civilian aircraft. guess of us he correspond. next this morning, over 7000 us service members have died in combat in americas post 911 was but 4 times more active duty personnel and veterans have died of suicide. according to a new study at this trend is deeply alarming. increasing rates of suicide, veterans and active duty personal are outpacing those of the general population marking a significance shift to warring read this. the research states that some factors contribute to the rise in suicide are true to all was including exposure to trauma, physical, mental problems, stress, and burn out. other issues include access to guns and difficulty reintegrating into returning home. however, some aspects appeared to be specific to america's post $911.00 was, for instance, the wide use of improvised explosive devices against us troops cause increase in traumatic brain injuries. about a 3rd of wounded soldiers go for at least one more deployment after recovering, which contributed to their illness. social indiffer

guess i cannot argue with that. equity futures this morning up seven on the s&p, advancing .18% on the s&p 500.oming into friday at all-time highs. we advance a little bit. in the bond market, yields are lower by a single basis point to 1.4817. the euro stronger and the dollar weaker. with that, wti 7346. alongside me, lisa abramowicz. a special thanks to taylor riggs for waking up early last couple of days. tom keene back on monday. this is bloomberg. ritika: with the first word news, i'm ritika gupta. at least four people are now confirmed dead and that collapse of a condo tower in the miami area. crews are coming through the debris and with more than 150 people still missing officials in florida for her the death will rise. no word yet -- in florida fear the death toll will rise stop record show at least one -- we are learning more about the biden administration plans to sell oil reserves to pay for the bipartisan infrastructure plan. energy secretary jennifer granholm spoke with bloomberg television this morning. >> not selling off all of the strategic petroleum reserves. it will be a limit

i guess i could say the cape -- the tape got a bit of a bid. romaine: down about .6% on s&p. still seeing softness. at least in terms of the broader market we see volumes relatively light. this is a market still in search of a direction and in search of more certainty about some of the things ian was talking about. tom: amc with the moonshot earlier. romaine: we are back to amc. tom: it is a set of lower lows. lower highs, lower lows. on a daily basis. what is the ramification, what is your experience when it breaks some form of support? romaine: keep in mind used up a lot of short interest. if it does break that support you will see a snowball effect downward similar to the snowball effect you saw upward, not saying it will drop 50% the way it rose 100%, but you will see a steep decline. not only amc down but a lot of the other retail favorite stocks, the meme stocks are also significantly lower as well premarket. tom: lisa, you love how we are doing the stock stuffer romaine. lisa: i think the amc story is so fascinating. is it really everybody's grandmother getting on red

s. is really trying to, it's treading carefully here, isn't it? it's sort of trying to apportion blame, but a portion of evenly, i guess, because the t o p is an important ally. i think it's not a reflection of the situation in order for us to work all the bias. i'm not clear to that happening and that also are the responsibility for many prior to the occurrence during this war seems to been on both sides is not that anyone is clean and unfortunately when it comes to monitoring suffering, again, there's not only on one or the other, but i think clearly the federal government has the largest one c, and i think the one statement for many of men and women were very clear on that as well. a lot to talk about and we thank you for your time oliver. joining us today from christina wednesday is the deadline for a you citizens in the u. k. to apply for what is called the e u settlement scheme. millions of already registered themselves and their families, that there are rights groups who were worried that large numbers could soon lose the right to remain and actually face deportation. this report is from not in bother his n d k right now offering some fri last mi

p s 2 largest ethnic groups, the horror and oracle. and if you'll be in a dispute with sudan in egypt for its hydro electric dam on the blue nile. ah, all right, let's bring in our guess in addis ababa, samuel get you is a journalist and writer in fort myers william davidson is senior. if you'll be analyst at the international crisis group in the hague of a is program officer at international institute for democracy and electoral assistance, a warm welcome to you all, samuel, let me start with you today. how have people and if you'll be viewed this election, i mean, do they actually see this as the beginning of a real transition to democracy? you know, i woke up just to be got the polls and the line up i have seen, you know, it was supposed to my pulling station where i reside. and i come both because i don't need your ship, but the line up was long. people are excited, it's not going to be the most part of the next in the field has never known an invention. that's perfect. but the people wanted to express that idea. they wanted to highlight the issues that they care about. but i saw some kind of excitement among the money and the people that i made today and througho

guess. i'm elizabeth macdonald. "the evening edit" starts right now. ♪. elizabeth: welcome to the show. you're watching the fox business network. both the s&p the nasdaq hitting record highs even as investors digest new inflation data coming in. also the federal reserve this week may signal rate hikes. look what is going on over at jpmorgan chase. jamie dimon is saying it is stockpiling cash because it thinks inflation could be long term. it is making interest rate hike bets over there. start with this story with tennessee senator marsha blackburn. it is great to have you on, senator. thanks for joining us. what was your reaction to president biden and the g7 leaders saying yeah, there should be a new investigation whether the wuhan lab leaked covid-19? >> i think if the g7 were to take this up it would be a replica of the w.h.o.'s investigation. what we need is for congress to do its job, for the senate, the various standing committees to take this up. why would secretary pompeo blocked? why did secretary, when dr. fauci worked with facebook? and why did he decide he was going to keep the lab leak theory squashed when some of us were calli

s&p, nasdaq, also up a third of a percent. and guess what?eme stocks led by amc surging 16% at this hour. blackberry up 6%. gamestop, another volatile name is up more than 3% what about bitcoin? whoever verying around $36,000 and 37,000, after the second worst performing month. it is up now $1300. so a gain for bitcoin. by the way let's get economic data. we have the latest on ism pmi for may,. susan: good and bad for the reads. nice beat at 61.2. economists were looking for a read of 60.9. this is again higher than what economists forecast for the month of may. don't forget we're coming off a really strong spring. the march read of 64.7, the fastest pace of expansion in more than 37 years. anything over 50 a demarch line, that is expansion on factory floors. ashley: what about construction spending only .2% where economists were looking for a read of .5%. that is what we saw in march. things are not declining. they're leveling out and stablizing. ashley: exactly. thank you very much, susan, look at the markets nicely in the green. let's brin

s&p, but we're near record highs. if you start to see even the slightest bit more hawkish tone or i guess even whether it's a move in theternoon? >> so what we would say is we think the market is leaning a little bit toward a hawkish surprise what the real surprise could be on the dovish side if the fed says we're going to stick to our guns, what you could see is rates kind of move higher a little bit from the standpoint of the curve steepening you could see stocks really truly break out. they've been going for almost three months the take away should be no matter what they do today, we just released our mid-year outlook. what most investors need to focus on in addition to the fed is you've got a really good backdrop for equities over the coming 12 to 18 months if there are any disruptions in the near term, people should be stepping in and buying stock >> i want to get your thoughts on the labor market and the fact that this is certainly dictating and driving fed policy right now. i realize we have millions of people out of work you have record number of job openings as well something that is perhaps not being discussed

expiration, but also i guess you always have some suspense as to whether there's going to be some buy or sell orders on the close, people deciding this was the time to pick things up the s&pemained in control for the moment this rotation became very violent away from value and it really did have some wear and tear on the indexes. it seems like moderating growth path in the economy, a fed that is not just letting it rip and it maybe has some members wanting to pay more attention to inflation, has people focused on more sustainable type companies, earnings stories as opposed to the plain old we're going to buy this stuff with maximum leverage through an economic acceleration. >> so options expired in the past that's good news 50-day average, where did we close? >> just a little under it's much more of a concern if that 50-day average is not going higher so it's a technical test. i think in general the market is getting a little bit of a stress test how much conviction do you have that in fact the economy is going to grow much longer, that the fed will be patient and benign and that corporate earnings estimates are going to continue to go higher. all those things were big in