mike, what do you think about pnc?n't too bad. it's a fairly pure play on the u.s. and mostly just retail and commercial banking, of course. i think the best way to play this thing is probably to sell strangles around a long position. you scale into a little as it drops and peel out a little as it rises. >> dr. jay, utilities. >> i said i bought it friday and i did, the xlp, the staples and xlu. i like them both here. i do think we're topping out on rates. is it going to be the exact top like karen said? i know i won't call the top and i won't pick the bottom. but i think we're close to a top short-term in rates and that's why i'm getting back into some of these interest rate sensitive stocks. >> our next tweeter says karen, i am a bank of america fan like you. but when does it ever break out of its range? >> okay. well, i think we're going to see earnings, i think, it's mid july, maybe the 17th or so. i think it'll be a fairly noisy quarter. so i don't think it will be then, but i'm hanging on. i like it for the long-

the ball leaves pnc park. it goes directly from his bat to the allegheny river.n 450 feet away. the pirates beat the reds, 5-4. >>> and in a stanley cup playoffs western conference finals the blackhawks take a 2-0 lead over the los angeles. chicago goes up 4-0. oopz the blackhawks win, 4-2. >>> and the goalkeeper gaffe in sunday's soccer match between the u.s. and germany. the united states already leading 1-0 when the german goalkeeper misplays the ball on a routine play and it ends up in the net. germany can't seem to recover and the u.s. wins, 2-0. >>> when we return, angelina jolie hits the red carpet. the actress makes her first public appearance and comments since she announced she had a double mastectomy. and announcement since she had a double mastectomy. >>> here's a look at today's forecast in some cities around the country. washington, occasional thunderstorms, 81. atlanta, thunderstorms, 82. st. louis, mostly sunny, 74. denver, partly cloudy, 91. seattle, partly sunny, 70. >>> actress angelina jolie made her first public appearance since announcing la

. >> garrett jones of the pirates hit the ball out of pnc park into the allegheny river.layer to do that. >> the ball came 500 feet. came close to hitting a couple of people that went by on a bike. >> right over the head. check it out. check it out. >> one more time. >> and, oh, yeah. >> they didn't even look over. >>> up next, "the pulse." and the surprise new reason michael douglas believes he got cancer. >>> and now criss angel is hanging with hungry alligators. the latest amazing stunt. clinical depression.ave ln drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me throu

that was economist bill adams of pnc bank. the sell-off in the nikkei set off a series of stock market tumbles in europe, china and the u.s. this week. adams says tapering of the federal reserve's bond-buying program could keep the volatility high going forward, especially for china, brazil & and mexico's stock markets. coty's public debut isn't sitting pretty with investors. at $1 billion, it's one of the biggest ipos in the u.s. this year, but investors showed little interest in the stock. shares opened at the offering price of $17.50 and closed flat. in other ipo news, hd supply holdings is set to go public in late june in the fourth-largest ipo of the year. hd plans to raise more than $1 billion in a range of 22-25 dollars. three private equity firms bought the construction-maker six years ago in the middle of the housing crisis. the supreme court made a landmark decision on human genes. the high court decided unanimously thursday that isolated human genes may not be patented. the case involves myriad genetics, which holds

in the economy gets better and here with his outlook we have the chief investment officer with from pncmanagement. i had to almost laugh. exuberance, and appropriately so in my opinion? >> we sought a strong dated today with durable-goods durable-goods, new housing sales, housing pricing also just the economy continues to improve by the fed tried to communicate they see improving fundamentals. lou: then they started to do palaver and fed officials turned out from every quarter to give his opinion but alan did not participate. the fed has been clear about its metric 6.5% unemployment and want to see inflation at target. this is an economy that is robust why is everybody going crazy? >> all the sudden there at this point* where credit is is bad news than i thought it would be good news. lou: some investors get stupid it is called too clever by half call the u.k. and some are running large hedge funds get carried away. we will get the quarterly gdp at first look. >> we will still see 2% or maybe a little less but the second half of the year is picking up it would be 2.2% with improving but

you look too, nicole, banks, not just the huge names, but key corp., pnc, we also -- these are all down- regions financials, suntrust lower, hudson city lower. bbc lower, and the only one higher is u.s. bank corp.. that sends a message, does it nod, teddy? >> well, i think that sends a message. i think all you have to do is look at the utility average and that sector. that's sending a message the last whrm -- full weeks. they got clobbered. they are a lightning rod for intersensitive stocks. it's the same thing, liz. it started when ben bernanke was giving the testimony a couple weeks ago op a wednesday, and we had that one day reversal, up a hundred, down a hundred, after they released the fed minutes, and it showed, for whatever reasons, showing that for awhile, but it's showed it's a disagreement, and i think it really spooked the markets, and i think we put a short term top in on that day, and i still feel that way. liz: looking quickly, financial services mostly down, internet mostly down. what is looking decent is consumer staples. okay, thanks, gentleman. appreciate it. flipping

second home run ever in pittsburgh pnc park to make it into the river on a fly. >> wow. >> the first pirate ever to do it. the ball estimated to have traveled 468 feet. there it goes. there it goes. there it goes. splash. >> wow, just made it too. >> just missed the biker. the biker saw that coming? probably not. >> sailed over his head. >>> coming up, what may be the most creative breakup note we have ever seen and why an ex-boyfriend has his work cut out for him. >> you bet. >>> angelina jolie's first comments in public about her aggressive operation to avoid the cancer and what she had to say about the debate it started worldwide. you are watching "world news now." ♪ i'm a survivor i'm not going to give up ♪ >> announcer: "world news now" weather brought to you by charmin ultrastrong. charmin ultrastrong. ♪ i'm a survivor hmph! [ female announcer ] charmin ultra soft is so soft you'll have to remind your family they can use less. ♪ that are soft and more absorbent. plus you can use four times less. hope you saved some for me. mhmm! you and the kids. we all go. why not enjoy the go

bill stone is chief investment strategist of pnc asset management an just came back from chip.stand you were there at heist credit crunch going on there and concerns of the financial system. you didn't cause the credit crunch, did you? >> the real reason that the markets sold off is because i lift. >> how concerned is it that the chinese central bank decided there's a nub way of doing business? what does that mean for the economy. >> i think i saw less concern about that. i think, you know, certainly the companies that i met with, you know, they talked about a difficult operator environment, not an operate are environment set apart so that set that to the side but in terms of the chinese central bank, know, i think most them really looked targets as, you know, in essence, what we would say is the central bank was sending a message to the banking system saying, you know, listen to what we're saying because we kind of hold our financial life in your hands and we'll make it clear there's a new sheriff in town and that's exacty will what they are saying and as soon as they decide t

we'll mention pnc because you have to mention it. look at u.s. did while the s&p was trading down. it was within a whisper of an all-time high. another 52-week high today and here is a bank that's within a couple percent of its all-time high. it works. why? >> solid management. >> cable stocks mike? >> you know it's really interesting. obviously with the malone conversation about potentially doing deals, that gave a big lift to these stocks but it also gave a big lift to options premiums. some of these things have rallied nicely. you might want to take a look at selling upside calls. take advantage of the fact there's a little speculation here and don't get overly enthusiastic and chase the stocks themselves. >> we're nearly halfway through the calendar year and all week on "fast money" we're profiling the hottest stocks so far of 2013 with analysts at the top of their games. today the stock is gamestop. it's stock price has risen more than 60% year-to-date. michael pakto r has had an outperform since 2009. welcome back. good to talk to you as al

other big winners include bb&t, m & t bank, pnc, offering a dividend higher than the average 2%.nd u.s.-based energy companies like marathon, pioneer natural resources, chesapeake energy, all beating the averages, all up better than 30% this year. now, can this rally in u.s.-centric stocks continue? the managing director at douglas lane associates says if we continue to see uneasiness overseas, then, yes, investors will stay focused on the u.s. story. >> all right, thank you very much. the u.s. looking more and more like the so-called least-ugly house on the block. what does our panel of experts think? let's talk about that. >> we're joined by lindsay, analyst with ft commercial, tom, and our very own rick santelli. lindsay, let's kick off the discussion with you. how is the u.s. economy doing compared to everyone else? can the theme seema hit on continue? >> well, that really is the point. when you talk about the best, you're talking about a comparison to the other economies across the globe, each of which are facing their own strongles and trials at this point. so the distincti

financials, and if you'll notice in the financials, money center banks and regional bakes like wells fargo, pnc, on the upside. traders rotating into the regional names because higher rates help the margins with the regional banks a little bit more. there's also some stories on higher capital requirements for the money center banks that are hurting. i've been asked about why whirlpool is weak, and it is weak today. it's been weak for the last three days, down about 4%. that's because it's tied to the home builders who have been notably weak. doubt me about the relationship. will pool down 11% the last three days and the etf for home builders is down 9%. a rough week for the home builders. they are a little bit frothy, and a lot of that froth has come out of them this week and all the concerns about higher rates, a little overblown. very unlikely we'll see 6% mortgage rates. >> all right. bob pisani, see you a little bit later. ty, up to you? >> from frothy to frosty for some of the home builders. let's go to the nasdaq where seema modi is tracking, at least for a few more days, the big moves in

garrett jones of the pittsburgh pirates, launching one at his home park, pnc park. so hard. it will go, go, really go into one of said three rivers. only the second player ever to do it. two people on a tandem bike missed by a matter of inches. the pirates managed to take this one, and they are on their way. >> that is a hit and a half. >> he should get a run and half for that. >> he should get two times around. >> i'm going to appeal to baseball. >> thank you, so much, josh. >>> some new information that has emerged overnight about what really caused the terrifying crash of the 747 cargo plane in bagram air base in afghanistan. the disaster killed every person on board. from the beginning, there was a speculation of a problem in the way the plane was weighted. martha raddatz has the very latest from washington this morning. good morning, martha. >> reporter: seven crew members on board that plane. we won't show you the moment of impact. it was carrying multi-ton armored vehicles. mraps. from day one they were thought to have played a part in bringing that brain down. a stun

gus faucher, senior economist at pnc. doug cote.the director of fixed income at lord abbett. we're joined by our colleagues nicole petallides at the new york stock exchange and jeff flock at the cme. we'll check back in with you. we're about two or three minutes away from the fed decision. steven ullner, to you, he expected the forecast to be downgraded. what do you expect to hear? >> i think they will be downgraded. forecast for gdp growth this year will be lowered and i also think the forecast of inflation will be lowered based on what happened so far with growth and inflation so far in the data that we've seen. ashley: doug, let me get to you. i guess my question is, does the economic data right now show the fed what it needs to do? >> well on the moderate growth side which i think he will reiterate is, again retail sales, housing, corporate earnings are fine but, as your other guests said, i'm concerned about inflation especially the fed's favorite indicator, the pce price index. it was actually less than 1% for the last year. a

. >> backyard is looking like death pnc is remove the inside of your house. and furniture, a flat screen tvs, rugs, silver wear and cutlery for your outdoor kitchen that might have a pizza oven and granite countertops. very high end. charles: a couple years ago the pizza became big that was saw hottest thing is is something now? limit the dishwasher is the newest because you have a pizza oven making your meals out there who wants to run back and forth? this cannot last summer with the outdoor dishwasher it. charles: is a the same thing with a couple of extension cords? >> no. behalf to be made completely differently because they have to withstand the storms and the rain and they have a winter road to turn it off in the off-season. charles: we spent what i think is a lot of money to have the pool redone and outdoor furniture. i know it is not the drop in the bucket compared to what people are spending. >> it probably is it i found some pretty elaborate backyards where people are spending at $1 billion and they hire interior designers to finish this base with t

you saw the pnc transaction.cause where do they end up going but to private equity? >> another reason we are seeing deals is almost all the tech companies are 10 to 15 ep ratio. we don't remember seeing them all at that time. so, wow. >> amazon is at 100. >> amazon is, i know, in a world by itself. >> but the industry does have a much bigger focus on return on invested capital? the stocks that are performing well the oracle ciscos of the world, they have refocused on returning cash to shareholders. ibm is a great example. stay there not had top line growth. back to the capex question. >> we're not going back in. we are wrapping. >> are they in your ear? >> they're not in my ear. >> they're only telling us. sorry. is there when he's down there going, it's a miss. that's what that means. >> no, he's playing makeup over there. >> he does a bunp of weird stuff, that's true, but in this case. he won't give me a piggy back ride. >> michael, thank you for joining us. >> it from to see you folks. >>> coming up, the scien

jim is also with us, chief investment officer at pnc wealth management.. >> thank you. >> good morning, simon. >> jim, do you think it is fair to say that as we now look to withdraw from monetary easing, we have payback, payback, negative payback due to the increased transparency? >> i'm not sure that's fair, simon. i would suggest that as with withdraw the economic conditions are going to be improving. i think in the discussion i think the chairman needs to be very clear about the data that they're looking at and why they believe at the fed that the economy is improving and it's now time to let the economy and the markets stand on their own two feet. so i don't see a negative in that. i actually see a positive. >> i would disagree with you, jim, and i would say look what we saw when he was on capitol hill may the 22nd where he indicated that tapering could come even though the data didn't necessarily suggest that. >> but, simon -- >> i think he probably was intentioned. recognize that jaw boning is one of the most important tools the fed has. actually ta

bank corp, pnc, regional guys up. big money center guys are down.t me talk about housing. a lot of penal asked about home building stocks. i was the real estate analyst 20 years ago. i have a lot of opinions on mortgage rates. it's ugly this week. here is what everybody is worried about. let me put up the mortgage rates. 30-year fishtioned rate mortgage, 4%. it's going to cost you about $1,400 -- $1,432. put that up here and show it on the screen. the important thing is where we're going. people are afraid it's going to go to 6% from here. 6% would raise it about 25%. to about $1,800. now, let me tell you something, i think this is very unlikely this is going to happen but this is the worry that everybody has got out there. why is it not going to happen? because ben bernanke has told everybody they're going to remain dovish. if it goes in that direction, they're going to keep up with quantitative easing. they're not going to let interest rates go to 6%. affordability, historic highs. look on the demand side. job growth slow but moderate. household f