coming up, terry haines. we begin with our top story, setting up the first trading day ofq2. rbc raising the price target to 5300 from 5150. the story we see in the data today is that the strong move observed in the s&p 500 so far this year has been deserved. a some of our work suggest games may be tougher to come by from here and that the stock market needs a breather. lori, let's get into the upgrade. it is subtle. you have a range of models to work through. which is the more constructive in which is less so constructive one? >> the lease constructive is sentiment. we thought sentiment was a problem for a couple of months. we are hanging out at one standard deviation above the long-term average on the aai survey. the more constructive data points i would say one is our earnings yield gap analysis. if you look at when it is flat and go back to the late 1980's, average return is about your team percent. that can get you north of 5400. if you look at the one that is changed most since the start of the year, as had the most bullish move, is the economic data. consensus was look

terry haines.adam posen of the peterson institute about why he expects a stronger u.s. dollar. equity futures recovering attached. down .25% on the s&p. treasury yields lower to close out the week but higher through thursday across the curve. on the 10 year we are about down to about 4.60%. wti down 1%. live from washington, this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. jonathan: things really are improving as the