we have gary smith, president of catena group, stephen guilfoyle still onset.you say tony blair and the remain camp doesn't get the argument of the leave camp. >> i spoke to a lot of british people as many as i can find, one guy who wanted to remain coming in the exit camp, on the sovereign border, something we all mentioned was a common threat, if you mentioned president obama spoke in april, for the main part, the border is a big piece and the economic argument, the one guy who wanted to remain. nicole: he was asked why do you think everybody was so angry, he said exactly that. angry over people coming into their country they don't even know who they are and that is what donald trump said. we will wait to hear from him and bring in gary b smith joining us here this morning to break this down once again, off of lows of the morning, what do you anticipate for today? >> it will be a volatile day. i would expect some sharp up moves after the open reaction, it will settle in and we will drop down. nicole: except for gold. >> if you bought right now and you were ve

stephen guilfoyle, sarge, how are you? >> good, how are you.iz: a risk of a sell-off is rising, but the volatility or fear index just looks too calm right now, and they're calling for perhaps 20% sell-off in the s&p. do you see that? do you agree? disagree? >> i mean, not really. there's always a chance, i'm always a little afraid, that's why i hedge my bets and buy protection, but with the dollar this week and if it remains this weak, that's constructive for the equity prices and the commodity index. if gold hits 1275, anything can happen, it can go 1325. look at railroads the way they're moving on the commodity price wings. there's a lot of construction happening here. not destruction. you have a right to be nervous and should be nervous, but i'm not going to let it control what i'm doing. liz: ira before stephen gets into iron or exports, i'm nervous here. get your thoughts on dow 18,000. how important is it to close at or above it today? >> i don't think it's that's important. the market has a pivot number, as you said yesterday, 35 times c

stephen guilfoyle, sarge, to you first.enetrating water trying decide what jobs number will mean on friday, but i get the sense that a fed rate hike already built in. >> feels like something of a rate hike by june or july. today didn't help at all. the beige book told thoughts market's not strong enough to be hawkish and not weak enough to be dovish. macrotoday, we had an awful construction spending number. we're kind of going sideways here. we are above 2096 which was the technical level, resistance for the s&p 500 and we're above it now. that is a positive. i'd like to see us get above 2100 now. ashley: you're a positive guy, sarge. scott, okay, wilbur ross said that the brexit was the thing that worried him. a lot is being made of that, that could add to an interesting month of june, right? >> well, i think the beige book today, it will depend what we get with the jobs number on friday. but brexit hanging out there, if they have do a rate hike which i don't think they do but want to is going to be july rather than june b

but stephen guilfoyle, as you look at energy names, often when the entire complex goes down, the markettoday we see names, at least some of them, going slightly higher, but it's not helping the markets. >> it is helping the energy sector. the energy sector's up about a percent. without the energy sector, maybe we'd be trade anything the lower 60s in the s&p 500. so so it is a positive. liz: there you go. it's great to see both of you. steven, chris, have a good weekend. everybody's going to be checking their computers on sunday night to see how opening of europe happens, and fox business will be all over that. but before then you've got to stay tuned to wall street week tonight. anthony scaramucci and gary kaminsky are going to recap the action starting at 8 p.m. eastern, and then it's stossel, john stossel and company. they air at 9 p.m., immediately following "wall street week." closing bell, we are 41 minutes away. from flying mouth guards to flying curse words, up next it's just a huge sports weekend as an american rookie tries to make a name for himself at the u.s. open. another on

. >>> joining our "closing bell" exchange, we have stephen guilfoyle -- ladies love him too -- and rick santilli from chicago. we have jane it yelling speaking today and tomorrow and the market is taking everything in stride. are we just in holidaying pattern until the brexit votes are out, do you think? >> a lot of guys are. i know it's been light lately, but today it's just incredibly light, but both things are having an impact on us. janet yellen sounding disappointed in her delivery. she almost sounded like she was frustrated with the market. then we saw the bet fair -- not poll but gambling site. they have a 74% chance of a remain vote. that gave us a little pop. we got up to 2092, 93 where we met resistance and we're in between those two levels right now trying to get one way or the other. i do feel we're possibly pricing in a new event either way. you have a catastrophic selloff if people receive an expect vote and get real nervous about that, but being we're this high, we're kind of pricing it in and we may get a knee jerk. >> and we have george soros out there talking. i have t

stephen guilfoyle, at some point they're flocking to that. >> that's right. meg is right. it's going to take-two years to leave if they vote do so. my friends are in the leave camp. i think it's pretty well split. take a look at the cash levels. 15-year highs. that's good for stocks down the road. people are really scared. they're flying into sovereign debt. that becomes an opportunity. guys like myself, we look for that. i don't see this as all bad right now. >> where do you see the opportunities lining up, sarge? >> you know, not in financials, okay? that's your most dangerous area right now. we've seen that with -- i can't even say the word. we're seeing that with credit cards and consumer financial name, with the banks w real estate, anything that has to do with interest rates right now is a real dangerous spot. i'm going to avoid that. we got into the technology play. we got into the energy names. that worked out real well. i was thinking about getting into walmart trade. it worked well for the guys that did it. so right now, we're looking for the next good one. >> ri