and now a look at how the stockmarket entered the week. >>> you never know when a great idea is going to hit next. the reusable squeeze. it's a reusable and refillable food pouch. with see kids all the time with these fruits and veggie pouches squeeze in. how did this idea hit you? >> when my son was 10 months ago, i handed him a pouch that you can take never. he squeezed it all over the back of the car. i was late and i thought there's got to be something reusable. >> how does this work sh. >> if you want to give that a squeeze. >> it's grease-free silicone. >> you can make your own organic zone. >> this is the one for the baby. >> right. you can feel the resistance. >> so they have to suck it out in over to get it out that they're going to gently naturally release the valve that and it's so much better because the others are disposable plastic. what was the process like to get it from, hey, this is a fantastic idea to, oh, yeah, it's actually for sale in stores? >> it took me about 14 months from the idea of the conception through the prototype process, through testing out with my m

the broader stockmarket has held up.ut there have been cracks developing long before today, for example the transports are at their lowest level this year. the truckers had lower prices for services and used trucks. the ten-year bond yields are at their lowest levels in a month. wait a minute, they have been dropping since march. that's when the bank stops popped out. j.p. morgan closed today at $84. it's already down almost 101st from its high t. dollar is at the lowest level since the election. it spiked after trump's victory. it began dropping way back in january. normally, that's positive for commodities. gold has rallied, oil and most base metals like copper, they're naf not rallied. today, despite the weak dollar. all the loyal stocks, hess and chevron were down as well. again the oil stocked popped out in january. they've declined as oils have not rallied as anticipated. the market can withstand a little drama from donald trump. most of his tweets in the past though maybe odd were not actionable. this is actionabl

to me the stockmarket now is probably responding from a place, i think the word last night was inured. it might be your word. you usually come up with a good word. the bottom line is we're out of place here. we said this you can't anticipate the passive flows unleashed into index funds. i own three or four stocks, vieacom is one, below the index there is a lot of stuff going on. >> to me it comes down to a couplef things. to answer your things, why the mark? i am in this boat by the way, every sell-off feels like this is the one and it's basically within a week the market is all time highs. people are saying, sell-offs are instrifkt. the vix closed unchanged, it's ten-and-a-half single digits today. i think the end is near when you see a day is up s&p handles and the vix is up in a commensurate way a couple of percent. i haven't seen that day in a while. >> the big part on wall street had to do with washington. trump's huge week was highlighted by the gop health care plan passing the house as well as unemployment with a ten-year low. what could that mean for the markets? the co-founde

you think the stockmarket is set for a pullback to be a beaver in gold, dan? >> i don't think so, there was an interesting occurrence this week, obviously, bitcoin got a lot of attention with the surge it had, the bitcoin surpassed that of the gld. listen, we know there is trillions and trillions of gold reserves out there. we think of traders using it against an equity decline. that surge got pe thinking of gld the same way you are thinking about it. if there is truth for it for equity, owning that 127 call spread in the gld looks like an easy one. and you like this risk-reward. >> you get much more equities out of gdx or gdxj. either way, gold the bouillon or minors, it is going to work. >> check out our super cool newsletter. so what are you waiting for? here's what's coming up next. >> you want to see something scary? check out general motors. we will tell you how to profit. >>> plus, here's what shares of amazon are doing. if you want to lock in gains, we will show you how to do that free. when "options action" returns. those things today with the futures

that are kind of stock, they're not signaling anything, they're not signaling the same thing the stockmarkets about to make an all new time high. >> what those are signaling is economic weakness, right, a lot of times we look at commodity price, what we are interested is in the dollar is strong? is it inflationary or non-inflationary? we saw the iron ore demand, when you see those types of things, that doesn't both very well if we depend on that. we hear a lot about inflation trade. where is that going to come from, if economic growth in the largest markets is slowing. >> it's across the board, right? we know that basically half plus demand of all those key demands, industrial metals, so forth, it's zinc, rebar, nick em, if you look at the bloomberg iron ore and nippon, it's all rolled over, oil, of course, has been in a funk forever. the issue is, is it, is it really important for idiosyncratic stocks like amazon that keep growing tear business? which is the message that's right. for instance, while the shanghai is in trouble the cots by is bringing it to all time high, the two things that

if they don't get taxes done, stockmarket runoffs move back because investors have baked in by the way investing. investors had. >> what if it stays the same? 15% for corporations? what stays the same? >> the corporate tax rate will move. the business pass-through tax rate will move up a little bit. that's a big cut and i don't think congress will have the stomach for that. it comes down to or willing to increase deficits are not. lauren: look at the story that reports earnings has a quarter trillion dollars in cash and most of it parked overseas. what is the tax rate or holiday about $2 trillion? >> as low as possible to get the money back and working again. every dollar of business saves in taxes. it can invest somewhere else. this is not a tax cut for the rich. it's a tax cut for the economy for investment, organic growth. the question is how do we manage this responsibly from a budget. that is a real issue. this is a growth move if they can get it through. lauren: of brian brenberg, at kings college, thank you so much. nicole: president trump scheduled to speak with russian preside

stockmarket investments have historically build thater way to way.esident trump had "the absolute right" to share terrorism intelligence with russian officials in the white house meeting last week. one agrees. that's not everyone agrees. kevin cirilli spoke to senate majority leader mitch mcconnell and asked for his take on this latest controversy. sen. mcconnell: i read the washington post story and general mcmaster's response, which tends to refute the story, rebut the story. i think we could do with a little less drama from the white house on a lot of things so that we can focus on our agenda. , tax is deregulation reform and repealing and replacing obamacare. kevin: a lot of the tension right now on who the president will select to replace james comey. have you spoken with the president about this? who would you recommend? sen. mcconnell: i recommended merrick garland. may surprise people, but he has a deep background in criminal law. he was a prosecutor neil on the city bombing case. -- in the oklahoma city bombing case. it would continue the tr

stockmarket futures this morning pointed to an affair.he second highest close in history. lauren: in asia, the south korean cost is closer election day a south korean voters take their next president. and japan, the nikkei edged lower after yesterday's 2% gain. nicole: oracle of omaha with america and i'm president trump. we'll have it all for you. >> the big earnings news out today will likely come from the magic kingdom disney. but espn's cord cutters drag down disney's overall results? we'll tell you what to expect. nicole: golden state warriors eliminated the utah jazz. in the the hockey playoffs, the washington capitol dominates the penguins forcing game seven in a series you will have all the highlights. lauren: 5:31 a.m. in new york. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: president trump criticizing elliott's testimony saying sally yates had basically extremely unhappy today. and a congressional hearing coming at talked about her attempt to monitor white house a former national security a

you are already seeing stockmarket valuations, the s&p stretching to the highest level since 2000.e're seeing actives perform well when markets are weak. when you combine weak markets with dispersion, fundamental managers will shine. mark: you are staying. you will sit right there. taimur hyat is coming back. pgim chief strategy officer. let's get your thoughts on active versus passive, also the role of alternatives. this is bloomberg. ♪ ♪ vonnie: live from bloomberg world headquarters in new york, i am right wing. mark: i am mark barton, counting down to the european close. roughly 13 minutes time. taimur hyat is with us. we have been talking about active versus passive management. role oflk about the passives. your team has been busy. which strategies add real value? taimur: looking at these over the long-term is critical. the one year view is shallow. the question in the press has often been alternatives, what do they look like, and how high are the fees? the most in th that the most significant -- the most significant reason investors by alternatives is performance. we looked a

the trailing is 2 percentage basis points than the stockmarket endeck.s about a 44 percent mark exposure. again, that's not necessarily talent. we've fired 65 hedge fund managers, this is what's left. >> plark, when you look at the landscape, you are not investing, when you look at the world, i'm sure you do, what is it saying to you, the stock markets are all time highs the dax, basically at all time highs, does this one continue or do you see dark clouds on the horizon? >> look what we look for, we are very skeptical. they can buy financial instruments off a screen and justify a two and 20. which is why the index nearly all of our pib lick market assets, it's generated by the sorts of assets. so we're going heavy into opportunistic credit and real saturday, we're the sources generating quite significant output that will make a difference in our total portfolio. >> yeah. marc, someone, you talked about the performance. over a long period of time, you invested for the long hall two times. so how do you view the cycle? in other words, how when you are inv

>> the base case is 305 the stock is -- >> we agree with the stockmarket.e get painted, yes, in january, we had a leg of a lot more upside. we thought it was going to take a year to happen. >> that performance happened in three months. yeah, sometimes these things need to take a step back. >> adam, thank you. what did you make of the price option today? >> we wanted it to trade more, it would have been nice to put it down to that 280 level. maybe it did, maybe it does, i don't know, but, listen, obviously, he drove down a lot cheap were than i do. it's a hope story. it's a belief story. if you believe he can get, he being elon music, any percentage of the plant that he has, i think the stock to the upside still. >> valuation is insane to me, it's sort of like you close your eyes, you buy this and go along for the ride. it's like don't fight the fed in a scenario where the markets have taken a volatility of rates. >> don't bite tesla. >> listening to adam's raxality about the two components of this business is refreshing. adam the talk object about deliverie

a similar story for the brazilian stockmarket under tremendous pressure. research looked back at history and found it has paid to buy brazilian stocks. in the past, we'll see if that happens this time around. lastly, take a look atsome of the u.s. companies, these multinationals that have significant exposure to brazil, colgate, monsanto, whirlpool. some names to keep an eye on as they assess they will survive this political scandal. >> thank you very much. so should you boo i this brazilian breakdown ambassador? what do you think? >> remember, brazil, seema pointed out the markets is up from 2016 to that high, it was up 11% in may going into last night or the night before, it sold off on the trump deem as well. to say that colgate gets 10% of the revenues from brazil, i would make an argument that that trade has gotten a lot better. it will continue to turn. when i look at brazil right now, i would say people got very excited about reform, michael temer is a guy that has a track record that indicates he can get things done. when you talk about draining th

the stockmarket has only gone higher.gument the auto industry has been maybe the best in their history, arguably. yet the stock is down 18, 20% from that. so my question has been and continues to be if the stock can't go up in that environment, when is it going to go up? we mentioned ford a couple times, we'll say it quick. below $11 million. the downside of ford looks potentially dramatic. >> in the face of these potential head windzs the auto makers could see, someone like a david einhorn comes in proposing breaking up the company. >> it's not breaking up, it's the financials. the pain, a part of the company. >> yes. >> and that helps gm shares. is that what you are hoping for, for instance in. >> it's not what i'm hoping for, i think gm is continuing to execute. i like the cost efficiency. phil said they have to cut back on production they are proposing to put a focus on where there are value parts in the chain. it will get you into some of the parts, which i think are cheap. this is a 5.5% dividend stock. >> i think i

." >> every day for the last long period of days, the stockmarket, meaning companies, have been hitting highs. >> well, that's true. but a stock expert says it's nothing to do with president trump. she'll explain what's behind the rally. >> sell, sell. >> he did something that has commodities king dennis gartman pressing the sell button. he'll tell us when the run is over. much more "fast money" is still ahead. the power of innovative thinking. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. dramatically increasing orchesprint security with, enterprise printers by hp. which is great, unless you're a corporate spy. unsecured printing makes your network vulnerable. enterprise printers by hp help pre

nicole: let's get back to your market check if stockmarket features at the same time as we keep a keen eye on this arrival in israel. looking at stock market futures this morning slightly higher for dow futures. lauren: up 21 points. nicole: 21 points to the upside. lauren: if you look at commodities this morning, we can show you how oily gold are doing at this hour. oil prices are slightly higher. $50.71. go to $1.20. nicole: president trump has been released in his budget tomorrow. reportedly will include some steep changes as filing cuts in entitlement and predict the balanced budget in 10 years. how wall street react to this? joining commit senior portfolio manager cometh thank you for joining us. >> thanks for having me. nicole: what do you think? what's on tap for the budget in the market? >> we think the economy is going quite well. the european economy is also moving forward as well as the emerging markets, i.e. china. somewhat overvalued. when it comes to public policy here fiscal policy, we think that will come up with the budget agreement in the early part of 2018. when you

anyway, goldman was seeing gains in the stockmarket can hypothem spend more.nd consumer firm. >> you know, tiffany is one of those companies, it's like i never -- i don't understand, i'm in new york. i don't understand why anybody goes to tiffany's. it's a very new york attitude. >> i would say that we can get department stores in general. tiffany's is an experience there beyond the generic. >> not the high end shopper. it's the tourism flow. the argument is those start to pick up a little bit. i don't know if they weigh in on the location. >> you do the little blue box trick? >> what do you mean? >> maybe the blue box trick. >> what's the trick? you take a cheaper -- >> everyone does it. everybody doesn't do it. >> everybody does it. actually. >> you can get checked to whatever you like. don't implicate the others of us. >> sherry lansing was on this show earlier. i bring it up because some of the themes she had on will be on monday. we have a special clo"closing b interview" michelle pfeifer and robert deniro play bernie and michelle madoff. it's been filmed

the aussie stockmarket rally. we are seeing failed to reach 6000 last month is starting to diverge from the rally across the rest of asia. it is in the turquoise, going higher. you can see the decoupling. there's concern the decline in the iron ore price, trading below $60 a ton for the first time since october. that is starting to weigh on sentiment when it comes to currency as well. the national australia bank saying they see the aussie inching toward 70 this year, depending on what comes out of china. tomorrow, another key gauge, china pmi coming up. that will be pretty crucial when it comes to where markets go from here. following for a third straight day. it is a holiday session in asia, but indonesia is getting underway. let's get jakarta open with sophie. fray,: jci joining the about 2/10 of a percent. asian stocks are sliding for a third day. while we are seeing volumes depressed across the region, turnover on the kospi is running hot, about 40% above the 30 day average, but not looking like a sign of bull

the problem for stockmarkets is that snapchat hasn‘t grown quickly enough since its floatation earlierisappointing to investors. jasper lawler is a senior markets analyst at london capital group investments. what is that? it is a brokerage, we work in mayfair. good for you. why are the results so bad? like you inferred, the results are actually pretty good. they tripled their sales over last year, but in stock—market parlance, they missed expectations. the market expected more. the big metric that we tend to follow with these kind of tech companies, because they were not expected to make any money, we knew they would make a loss, we are tracking whether they can make a profit in the future, through user growth. user growth was not as fast as it has been in the past. it is slowing, still growing, but slowing. this is leading into the fears that wall street had originally, that snapchat is going to never quite make it in the big leagues of the internet advertising giants, like google and facebook. one of the big reasons is that facebook are stealing a lot of their ideas and copying featu

drama rocks the stockmarket status. they are having their worst day since september.q down more than 1.5% haveing its worst day since june last year. all of this as volatility surges in about a month. the utility sector managers ends the day in green. the banks crushed, turning