liz: mark tepper expects the bull market to continue two more years. rube reiner, here with the two picks to add to your investment portfolio he believes n lincoln ellis, green square management portfolio director join us from the cme. a pretty flat market. >> a pretty flat market. we have a raft of economic data, even boost m&a normally giving markets over the last six weeks. we'll wait until gdp. we have jobless. we've got manufacturing. all behind that some consumer confidence numbers. we'll look for wage gains and employment number on that will really set the tone for balance of this summer market. ashley: ron, let me ask you, you like, you think the best way for investors to play this market right now through the large cap multinational stocks. why is that? >> well, it is simple. the u.s. is not, not as cheap as europe and europe is not as cheap as emerging markets. u.s. is just more stable. if you're buying apple, you're buying an emerging market play. if you're buying proctor & gamble, you're buying emerging market play. if you're buying ford, y

. >> the canadians jumping on board, at least for this idea for tougher sanguine -- tepper -- tougheranctions. they are targeting specifically ukrainian separatists, both for visa bans and economic sanctions him and they are for the first time imposing sanctions on a number of prominent russian companies, including some companies the u.s. has already targeted. that includes gazprom bank, nova tech, gunmaker kalashnikov, and .he development bank there are others on the canadian list as well. canada is effectively responding to the support and its handling of the malaysian air shootdown. eu officials formally agreeing to extend their sanctions target list. they will release the names officially tomorrow vladimir putin's tight -- of top spy chiefs that could make the cut. head of russia's federal security service, the head of the foreign intelligence nervous, the chief of the russian security council, and a kremlin bag -- from one at chechen. all of those potentially on the final eu list. notably, no major russian companies on the list but eu officials are did aiding even stronger steps

the again the tepper journalism that i do with that battalion for eight months i stayed with it bad thingshappen and just to build up from there the first one wasn't getting during the war the second one is recovering families and the trust came from the first book because i knew everyone but to know we were going through it needs to be written about of a bite to come and hang out with you by the way you don't get to see the book until the is published because i am writing about you and you cannot be your own editor it requires a leap of faith on your part did you just go hang out and filled with familieshyñ and think what a my missing? shouldn't i be over there? you do the best you can. >> david morris your book tell us how your interest began and how it evolved? >> i came from a military family serving in vietnam so we don't know how to answer the question like vietnam's but that was the first the ptsd comes from the vietnam not recognized until 1980 and grew out of that war experience trying to figure out where the interest started in that was the first question i ever ask my father is

. >> mark tepper, you think we keep going here? >> we think the bull market will continue for some time. the bears talk about the pe multiples are 15.8, in line with historical averages or stocks are overvalued. we argue based on the fact there are no investment alternatives out there whatsoever that are going to produce any yield, we could see those valuations expanding up to maybe 17 or so, so yes, we think this bull market has plenty of room to run. >> aaron gibbs we'll get earnings pretty soon now that the new quarter has begun. if the rally continues it will put pressure on the companies to deliver. >> right now we're looking at about 6.5% growth for q2 and overall about 7.8 for the year so actually the fact the s&p is up about 6% we're looking for maybe 10% by the end of the year for the market. it's not that different. there isn't a huge die firstification between earnings and where the market is. again, we're talking multiple, they're well within normal ranges, about 15 forward, 16 in the past 12 months >> earnings are up t

liz: mark tepper expects the bull market to continue two more

. >> david tepper. his forecasting record, he's had a lot more volatility than i, but you talk about a guy who knows how to lay it on when he's got a big opinion, and that's the key positive mondemoney man. making a lot of money when you're right and minimizing when you're wrong. >> that the guy for right now. all right. this is good. this is good. >> are we done? >> i don't know. this is turned down so low. >> i don't have one of those in my ear. >> you don't have one. we might as well be. i got -- this who been awesome. i appreciate it. thank you. just getting you here i don't know if i have to do anything. >> shows what a has-been that i showed up. i don't do this when i manage money for clients. thank you, joe. >> thank you. appreciate it. [ applause ] >>> boy, with all due respect to my colleague joe kernen, better than awesome. fantastic, that conversation, between joe and stanley druckenmiller. welcome to the "halftime" live from cnbc. delivering alpha conference, here live at the hotel in manhat

tepper look at the newspapers. with manus. >> you know what, i think this just reflects it really is a poignant image. 7 fromere killed in mh-1 netherlands. 040 coffins arriving back. it was a day of mourning nationally in the netherlands yesterday. >> i'm looking at a story about putin's daughter. meet maria putin. this is the only photograph i have seen of her. i have been watching him for many years. he has been careful to make sure they stay out of the media. she was in the dutch media. dutch radio show says she should get kicked out. they say she should not be here. putin provided that missile that brought down mh-17. agrees -- who is having more fun? families or singles? [laughter] when you're on holiday, are you involved in magazines or -- [laughter] are you playing or are you reading on a holiday? playing or reading? >> reading. >> see you on the other side of the break. ♪ >> back in flight. the u.s. list it's been -- lifts its ban on airline flights to israel. ties to moscow. flight, downing of the we will

david tepper worth about $10 billion. he's splitting with his wife of 25 years.er hone of london children investment fund, he's in a nasty, public battle with his ex-wife over their billion dollar fortune. so the question is hedge fund billionaire more prone to divorce? they have a lower divorce rate, surprising, than the overall population. it's about 8% for billionaires compared to about 40 to 50% for the overall population. guys. >> okay. robert, thank you. >> thank you. >>> think about this for a second. what if three million americans had a disease, and they could be helped by a new drulg, but the cost could cripple medicaid and medicare. what would you do? >> sorry, go ahead. >> i was going to say, it's not a hypothetical anymore. it's real. private insurance companies are sounding the alarm bells about the drug. stay with us for the very latest. we started zya with the thought that the kid on the back of the bus might have a song that he has in his head but he just can't get out. with the technology of cloud, we change all that. i can sing something into m

the again the tepper journalism that i do with that battalion for eight months i stayed with it bad thingsappen and just to build up from there the first one wasn't getting during the war the second one is recovering families and the trust came from the first book because i knew everyone but to know we were going through it needs to be written about of a bite to come and hang out with you by the way you don't get to see the book until the is published because i am writing about you and you cannot be your own editor it requires a leap of faith on your part did you just go hang out and filled with familieshyñ and think what a my missing? shouldn't i be over there? you do the best you can. >> david morris your book tell us how your interest began and how it evolved? >> i came from a military family serving in vietnam so we don't know how to answer the question like vietnam's but that was the first the ptsd comes from the vietnam not recognized until 1980 and grew out of that war experience trying to figure out where the interest started in that was the first question i ever ask my father is w

that reminds you of nervous time from david tepper, and wilbur ross has been in the cellar this year. >> it's not a market year, i don't think. there's certain stocks in certain segments doing incredible. oil and gas doing incredibly well. biotech with a big comeback, but the idea you trade the market is not a terrific idea. what i i want to be careful of, go back to teper, it's nervous times. unless certain events occur. that's not just idle chatter. events occurred, and he got bull ir. i wish people say, okay, what's it make you to like things again? a 10 % decline? bigger earnings? that's the thing that makes it so it's more valuable for our viewers at home. >> yeah. >> well, yesterday, of course, to the extent that people are nervous, they seized on portuguese bank that's having real issues. >> yes. >> and then wondered whether yet again we talk about contaigon and revisit the idea. it seemed like a one off, and then throughout the day the market repaired itself from the damage that took place, but it begs to question, a reexamination of portugal's gdp, debt to gdp and spain is no