we'll talk about all of that and more and global investment strategy with rick rieder and mohamed el-erian>> the drama at united continental airlines continues, activists looking for board changes as the ceo is set to return. david faber and phil lebeau will join us. >> i think we got him even to come down to the stock exchange. >> just flew in. >> you can see on screen, just breaking in the last hour, whitney tillson is back shorting lumber liquid ators, he'll explain why the shares are down another 9%. it was about a year ago that that first 60 minutes report about the harm potentially done to folks about this flooring came out. it's been quite a saga. >> then covered that short position of his in december but put it back on again. we'll explain why coming up in a little bit. let's start with the today's move in energy and materials, the stocks. bob pisani joining us. >> thank you, goldman sachs, we had material stocks going and this morning they put out a note pouring cold water on the idea of further rallies. here's what they had to say, oil supply and demand is not in balance and don'

>> go find out. >> rick rieder and dan mcmahon.he closing countdown. >> and then after the bell, jim grant, the founder of the observer, will be here, and we're also going to talk valiant, a company he's been bearish on two-plus years. breakthrough. this morning i read over 4000 articles on leukemia. in less than a second. (speaking japanese) i can understand euphemisms, idiosyncrasy and complex metaphors. i know every detail of every public quarterly report in the last 20 years. and i'm just getting warmed up. hello. my name is watson. together we can outthink the limits of what's possible. welcome to the cognitive era. intensely-flavored.. colorfully-diverse. beautifully-misshapen. cultivated for generations, it's the unexpected hero of any dish. when you cook with incredible ingredients... you make incredible meals. fresh ingredients. step-by-step-recipes. delivered to your door. get your first two meals free blueapron.com/cook. on their auto insurance. wouldn't a deal involve two parties discussing something? a little give? a l

rick rieder is here.me. >> you're not the first. >> is this animal spirit? should we take this in a positive way? >> there are a few things happening. what the fed did last week and the ecb the week before. we're going through a dynamic where central banks are trying to drive financial assets higher. it's interesting when you think about chinese investing in other parts of the world. the risk to the markets, going back a month and a half or two months ago was the capital flight out of china. it's extraordinary in terms of how we have done this 180-degree term from where we were. >> are you in agreement with him, by the way, on that? he think it's ten months of china -- >> ten months of cash flow at the rate the capital is flying out, they're going to start to run out of capital. >> no, i don't think it's necessarily ten months, but i do think that the capital flight issue is a significant deal. i do think they've made a cognitive decision today to do capital controls to let the leverage and liquidity buil