scott brown from raymond james joins us. good to see, scott. >> nice to be with you. >> it seems rates are always going up on adjustable rate mortgages and credit cards but don't seem to be going up on cds and savings accounts. why is that? >> deposit rates have always lagged the federal reserve rates on their way up. that's just the way it is. banks aren't particularly competing against themselves very aggressively at this point to attract deposits. over time we should see a gradual increase. bear in mind this interest rate path we're on from the fed is a lot shallower than past cycles. we've had two increases in the last three years, two this year, one expected tomorrow. this is a very slow pace. so we don't really see deposit rates rising very rapidly. it's a bit of a problem for savers. >> it is a problem for savers. i think you make an interesting and good point, for those of us who remember when interest rates were going higher at a more rapid pace, you did see cd rates much more attractive for savers and that's not th

you're not the only one saying that paul riley, ceo and chairman of raymond james. >>> quick look atures, looking quite positive that's it for today's show carlin roth. "worldwide exchange" is up next. we'll see you tomorrow live-stream your favorite sport, at the airport. binge dvr'd shows, while painting your toes. on demand laughs, during long bubble baths. tv on every screen is awesome. the all-new xfinity stream app. all your tv at home. the most on demand, your entire dvr, top networks, and live sports on the go. included with xfinity tv. xfinity the future of awesome. >>> good morning breaking overnight a van strikes worshippers outside a london mosque, live at the scene straight ahead. >>> investors kickoff a new week with tech front and center after taking a beating last week your trade coming up. >>> live at the paris air show, one of the biggest planes, the rockwell collins ceo joins us exclusively. "worldwide exchange" begins right now. good morning very warm welcome to "worldwide exchange" on

our guest is the chief investment strategist at raymond james. jeff, good to see you as always, welcome. >> you bet, sue, thanks. >> you say one of the things you're looking at to diversify a portfolio are certain commodities. you say they're in the bottoming formation. >> yes, if you look at the crb index or the goldman sachs commodity index, it looks to us like they're trying to form a bottom here. it's probably best represented by energy. energy is out of favor. and some of the stocks are off, in fact some of the stocks are off 40, 45% from their recent highs. i like to buy things that are out of favor, because they tend to come back into favor. >> you also like mexico, jeff. in fact you like it more than china. why? >> well, what's happened in china, the wages over the past five years have gone up five-fold. yet the chinese workers are still disgruntled. so the quality of some of the things they are producing has come down. i don't know if you saw this, bill, but foxconn, that was building the iphones for apple, is going to build a plant in t

worth noting that costco traded at a premium compared to the overall market and raymond james says the target is 173 bucks, a 10% upside. >> children's place, telsey advisory group, upgraded to outperform don't throw this stock out with the bath water the company continues to perform well because it's managed inventory better a shut down of gymboree should be able to boree should help. >> the stocks have been whacked because of everything. a lot of upsides there >> buckingham research upgrading of the brand coach to buy, raising the stock of 58 buc$58.5 analysts despite the stock's out performance today, they still see an upside based on four things there is in kreecrease of kate e and investors may evaluate the stock as the company reestablishes itself as the only u.s. based luxury brand polling company. >>> not a small capital, berry global, they make a lot of things but disposal cups is one of them. >> analysts saber ari has been a strong cash flow story they like the company's financial flexibilities. it already blown through its targets and their new 65 targets is about 13 to 14 u

america rise, prudential, raymond james all gaining, part of that because of the movement in the 10 year treasury. yesterday, a big increase in yields. itay, that has continued but moderated to some degree with an eight basis point move over the past two sessions, something we have not seen in some time and the yield now at 2.22%. oil worth mentioning. this morning's inventory report, oil bouncing around all over the place, at one point of 1.25% and no up 7/10 of 1%. murphy oil and transocean a couple of gains. built in crude oil inventories but a drawdown in gasoline and distal it's which appears to be behind the gain in oil prices. additionally, a high short interest, the highest this year as oil has moved lower, we have the oil shorts that have moved higher. there could be some short covering element to the rally today. halted,shares of fedex pending some kind of news. we will be watching to see if the news comes out. shares up a little more than 1% but halted, so this was as of the last trade. anna: thank you. health care debate, the senate vote delayed until mid july and the majorit

higher by trading 2%, as the stock was raised from outperform at raymond james.alyst saying the selloff since the amazon acquisition from whole foods is overdone. then look at this, jetblue up 1%. george ferguson says this everything has to do with ketchup that the stock has been lagging the overall airline space. vonnie: abigail, thank you for that one. sticking with airline space oddly enough, turning now to indian prime minister narendra modi's visit to the white house today. they are expected to discuss economic partnerships between the two countries. traveling with the prime minister is our next guest, ajay singh. thank you for joining us. what would be the best possible outcome today? ajay: i think it would be great if these two guys got to know each other really well and i think it would be great if they understood the strategic importance of each other. i think it's really important for india and the u.s. to work because,for the future as you know, india is one of the fastest growing economies in the world. we are building 100 smart cities. we are buildin

. >> raymond james takes their target to 190 from 160 maintains a strong buy looking for 45% revenuerowth next year. that's a street high target. $20 above the rest and the eternal question, what would her ten-year have looked like if it hadn't been for that deal >> you can look at all the other ceos who came before her and get an answer to that question >> all right, joe, stock price >> d'sow up 72 squawk alley continues after this keeping our eye on the fang stocks today, trying corecover cramer's point this morning was that the sell off not ratified by a fundamental preannouncement about the quarter or anything else tech stocks are all over the place this morning facebook doing the pest of those. ali babb bah down a bit. it's once again like somebody hit the markets with a tranquilizer dart. >> it shows you the going with the momentum trade can have sharp corrections in a matter of days it's the start of a two-day fed meeting so we'll be watching that and if financials and the yield, where things have stabilized that's helped them perform right now, we're seeing financials and tec

joining us now is ubs managing director eric sheridan and on the phone, raymond james senior internetlyst aaron kessler. gentlemen, welcome to you both you both cover amazon, so i'll start with you, eric what message is amazon sending with this purchase of whole foods? >> this is another step in the evolution of amazon. amazon has always struggled in some of the categories that under index to e-commerce, groceries, consumer packaged goods and apparel. we think this move today moves them well far ahead in the grocery space. amazon fresh has had a slow rollout over the last couple years, yet as we talked about earlier on the earlier panel, it is the largest share of wallet for u.s. consumers so this lines up very well with their prime strategy, very well with expanding category, very well with expanding their wallet share of consumer homes. >> so pretty bullish aaron, let me ask you, you know, whole foods wasn't doing all that great recently as a public company. it was trying to shake that whole paycheck kind of image and amazon fresh in itself was having struggles penetrating the onlin

we already know that it is letting amazon sell its wares directly. 2006, afterst since raymond jamesit to outperform. analysts questioning sustainability over the chipmaker macron. what a terrible second day of trade for this company. it has just gone public and it is below its ipo price of $10 per share. joe: the selloff continues in the final day of the quarter. 2.3% on the u.s. tenure. , one point 7%.da japan yields rising to .09%. australia to 2.6% on the 10 year. i want to have a broad range of countries here. this is a global trend at the end of the quarter. to -- we are trying [inaudible] it is posting two straight .uarters of losses this is the index longest losing streak since 2014. have a look at the dollar cad as well. the canadian dollar the strongest. a real recalibration. the market pricing 84% chance at the height of that july meeting. one to watch there. a bit of profit booking going on. despite the attempt by the ecb to dial back on what was perceived as hawkish, still hanging about the level they are, 1423. sterling as well. 1:30 -- falling back to $1.30. joe: final

regeneron up 26%, although chris raymond of raymond james thinks that the reaction has more to do with regeneron's recent successful launch of a new product, as well as the leak eed executive order on drug pricing, that doesn't call for direct price controls cooper companies and mckesson are also recent standouts, both popping up 20% but on the flip side, alexi ioi sliding 7% universal health services is lower by 3%. but if and when we do see hsa legislation, he expects hospital stocks and insurers to benefit the most >> all right, landon, thank you. kourtney, where are you yo finding value in health care >> colonel, we don't cover health care at luke capital as a sector, but our clients are absolutely buying and overweighting, whether it is buying some of the etfs to get broader exposure or some of those specific names like the pfizers or the mercks on the megacap names. >> i'm in sell ji, a biopharma play, up about 16% since that move that landon just talked about. i'm sticking with that one i'm in bristol and it's not moving it's a little better than the s&p over the same time frame

the cars or even if they will build them >> hertz was up on this news as well costco upgraded at raymond jamestperform. >> right this is on the whole foods deal. amazon trying to bid whole foods. some people wonder if they will have competition it doesn't really matter costco is down 13% because amazon decides to do this deal with whole foods i think it's too much. i understand the upgrade it's a value issue, though 24 times forward, this is a stock that's a little bit pricey right now. i think we'd be better with a pullback still. >> carrie, first time we've talked about a technology which is mtsi. it's up 4% you own the name tell us about it. >> it's going to become the one stop shop for data center chips. and that's hard to say if you're from boston. so we like it because it's built to bring technology. amazon just made a deal with fabrinet the companies building data centers make more money and can invest and they will buy m/a-com. >> karen, thank you. final trades on the other side >> announcer: miss the brits no problem go to cnbc.com to see the moves, the trades, who is winning and losi

horton, upgraded to outperform at raymond james, a price target of $39.ohn >> well, i like the upgrade to $39, mel, by ray jay, these guys are up 26% year-to-date. the first time home builder really, which is kbh, is up double that, 52% so, that tells you about who's buying homes right now and who's really not, mel. but this has still got upside, i believe. >> industrials, second-best performing sector today. erin is bullish. you were buying a couple weeks back >> i still like the industrials here strong growth sector going into the end of the year. underpinning this are macrotrends, particularly, you're seeing capital equipment spending, which bottomed two quarters ago now inflecting nicely. also, we've seen out of the q2 data, we're also starting to see imports for capital equipment, also improving this is the time you want to be a buyer of industrials >> we're also watching tesla in today's session. the shares are higher. this after ceo elon musk tweeted this morning, early, early, early this morning that they will have news on sunday skpe and specific

. >>> we are 90 minutes from the closing bell you almost 73 points, the on, jpmorgan raymond james amonge been trouble finding footing today. 1 a small billed in crude, and it like looks the market likes this expectations have been adjusted the draw is a better build also supportive, down 100,000 barrels a day, that's constructive, but the market knows it's still not enough. session high 44.84 i'm being told that volatility is expected this week. kpm going latest survey showing that being pushed back inned stall of tax reform. live at the kpmg limp summit with the company's ceo lynn dowdy. >> we're on the putting green at the putting field we're here for the women's leadership summit. there have been some stellar athletes and excelling tiffs here, and lynn dowdy, thank for you being with us. >> thank you. >> we're here at the women's leadership conference. i want to get your thoughts on the state of women in business you have previously said it's a great time for women in leadership roles, but given some of the turbulence we have seen particularly where i report from, san francisco, are

the epidemic is growing in women and last but not least, that the analysts over at raymond james saysient enough to warrant the removal. this is going to hurt the company. and the question is was it actually necessary to pull this drug off the market. stuart: thank you very much indeed. something we didn't expect to see, president trump celebrating the opening of a new coal mine in pennsylvania. roll that tape. >> the grand oning of the acosta coal mine signals a new chapter in america's long, proud coal mining tradition. congratulations to courseco and to all of our great miners. clean coal will help power america into the future. stuart: lizzie, is that the first new coal mine in how many years? >> in six years, even though coal jobs have been cut in half during that time. the democrat governor of pennsylvania was at the opening of this coal mine in pennsylvania, called the acosta mine. maybe employ hundreds of workers and 400 tons of coal annually. this is the president rolling back president obama's clean energy approach to coal. stuart: good stuff. thanks, liz. every week it seem

i want to bring jeff saut, raymond james chief strategist. jeff, one of the things we're talking about here, markets racing to new highs even with this. that continues unabated. i'm wondering, given the fact that the timeline and days that are available to get the health care thing completed and tax cut thing completed are running out fast, why are markets going so crazy? >> i think the senate minority, majority whip said they would get the health care repealed and new bill in by the end of july. i don't know if that is going to happen or not. neil: i'm going to have a six-pack by august. i can keep talking about it. no, so i don't understand why that optimism exists? i take nothing away from it. you're right, you told me how many times this market climbed this wall of worry but are you surprised how it keeps climbing it? >> no. because it's a secular bull market and we transitioned from a interest rate-driven secular bull market to earnings driven secular bull market neil. a lot of thing people are missing transition in the '80s, 85 companie

think the fine itself is material alphabet boasts a cash pile here of $92 billion aaron kessler of raymond james says the broader question is whether google changes how it displays search results for those products in europe, but estimates any financial impact would be in his words minimal. guys, back to you. >> all right, josh thank you very much. >>> let's switch gears to housing. a new report showing that once again home prices are rising across america, this as interest rates keep falling, raising the chorus of voices expressing concern about a 2007-like bubble in housing diana olick joining us from what may be the hottest housing market in the united states, washington, d.c. diana. >> reporter: you may be right. the latest gains on the s&p case-shiller home index hit a new high but were smaller than expected the national index rose 5.5% year over year in april, down from 5.6% in march the ten-city composite came in down from the previous month and the 20-city was up 5.7%, also down from march. now, here comes the perspective. these are prices recorded on closed sales in april, so sales that

he is wells fargo asset management's global cio and on the phone with us is raymond james's senior vice to story, i want to get your take on oil prices because they have come back a little bit after yesterday, entering a bear market, iran saying opec may further oil output cuts. that could be a factor and investors are looking ahead to inventory data later. -- are absolutely pivotal. that the data is only encompassing 1/5 of the total picture. a lot of people don't fully get this point. it is not enough to just look in isolation at the u.s. because there is an import/export dynamic that could cloud the numbers. what our team focuses on is the global inventory picture which admittedly, we did not have real-time data on but it is important to focus on that and to model it properly rather than exclusively fixate on the u.s. scarlet: let me bring in kirk hartman, a wells fargo. as we talk about the chain -- the change in the leadership the the promotion of him as crown prince, does that give you pause in terms of thinking how saudi arabia may change its oil policy and how it is positioned w

plus we have raymond james outlining this as a top pick in the big internet state.up to $190, suggesting alibaba could just move higher by more than 30% and then, finally, tesla. everybody's favorite momentum stock up this year more than 60% this year. today on an upgrade over at the member to buy. pre-cashhe near-term flow potential over the long-term is superior despite the fact that they are bleeding from a free cash flow perspective. tesla might just continue trading significantly higher. jonathan: thank you very much. trade orite momentum the most painful short for everyone out there as well. david: we are about to find out. jonathan: maybe short still, as elon musk called it. the nasdaq, 30th record closing through 2017 but it is coming off the biggest two-day decline in the past seven months. it has been big bank stocks. the markets top performers leading the decline, shedding one of the $26 million in value in two trading days, responsible with 75% of the nasdaq slumped. the s&p 500 index is roughly unchanged. the question is, is this the beginning of a larg

chief investment officer at raymond james are you bullish? >> yes, i have been. i continue to be bullish i would add one thing to your conversation about mitch mcconnell, he's very good at playing defense, not good at playing offense. >> so what conclusion do we draw from that statement? >> i think that the bill has not the votes to get through >> so what happens >> you said it earlier, if they don't pass it bill t looks like obamacare implodes, you get a single payer >> you are still bullish >> yes i'm still bullish. healthcare stocks were up yesterday because they think the bill will pass i lived in d.c., i'm well connected on capitol hill. as of last night i don't think they have the votes to pass it yet i think the markets have transitioned to an earnings driven market. earnings will come in better than people think. >> who did you mention that wants her own state to get her -- bolster her numbers >> susan collins in maine. >> that's the problem with the system here. we a >> even the republicans dent want to lose a single seat when you have a 52-seat majority

the incident between lebron james and raymonde -- drain and. >> yes i carry it with me. i'm of firm believer that things happen. i carry the lesson i learned with me. but the actual incident i put that behind me a long time ago. the things that taught me have them in the position of where i am today. i feel better than i've ever been felt emotionally. when you take a step back and look at them i learned from situations like that. will stick with me for the rest of my life. at the suspension the lesson of the suspension taught me. >>> the a's are in cleveland today and in need of a little lift. and they got from a guy who is suddenly found his power stroke. and if you look hard enough even in cleveland you can find some a fans. the shortstop is the guy who caught fire. in the third ending that's home run six. lindor came to the plate and got a hit-and-run. and it's a 1-1 game. theodore had never had the game like this in his career. three rbis. days is been one of the worst defense of teams in baseball. davis makes it for the first double. and they end their losing streak