so whirlpool made a bold move. it asked the trump administration to impose washer tariffs worldwide by invoking a rarely-used piece of trade law. and unlike the earlier complaints, whirlpool would not have to prove that lg and samsung had done anything illegal, or even unfair. >> all you have to show is that the imports coming in from the world are coming in. and they're hurting yourom domesticny. >> reporter: the u.s. international trade commission agreed, and in january, trum announced a big new tax on foreign washers. >> a big industry. a lot bigger than people would understand. >> for this first year, anymp y importing washing machines to the u.s. is hit with a 20% tariff for the first 1.2 million machines that they bring in. now any subsequent washing machines they bring in after that 1.2 million mark are hitth 50% tariff. so it is pretty steep. >> reporter: and sure enough, prices are going up. a lot. ed far this spring, they've spik7%. and it's not just foreign washers that are more expensive now-- whirlpool

whirlpool was upgraded to outperform from neutral at credit suisse. the rise in appliance prices should help input appliance costs. the price target is $195 and the stock rose to 2% from $149.22. >>> prudential financial was upgraded from buy to neutral at target is $117. the stock rose a fraction to $99.17. that same analyst at goldman sachs downgraded shares at metlife to neutral at buy. they see a dropoff in buy backs in the second half of this year. the price target is $52 and the stock finished lower at $46.33. >>> still ahead, medical advancements in the fight against cancer. >>> it may seem counter intuitive to think that a recession could be on the horizon, but that's exactly what some economists are saying. even as growth picks up and the unemployment rate falls. steve liesman explains. >> reporter: the national association of business economics had a survey they conducted before the friday jobs report showing that strong job growth is expected to continue. for the next two years they expect above trend gdp rates and unemployment falling furt

there's whirlpool, mohawk carpet, so forth what i was thinking here is while those are also coming to this is the big super cap name that big assets can play. most of the home builders are mid cap and a lot of large funds cannot engage in small names like that at the biggest level >> all right how is the itv look because that's also had a nice run >> yes, virtually identical. they overlay it about a 95% correlation. >> mike, is there any caveats about the trade you're putting on >> well, i mean, the one thing i would point out is this doesn't happen to capture their earnings, you know, which would be the next sort of big and obvious catalyst to the upside but that's also probably the reason why the options are a it's less than a 16% which is about as low as it ever gets in home depot take a look at whether now's the time to buy options in home depot. i think it is. >> let's move on here. another group getting the bid for lower rates. outforming the market today. that doesn't change the fact the sector has gotten stopped this year look at the worst performers campbell soup. general mil

there's whirlpool and mohawk and carpet and so forth.hat i was thinking here that while those are also coming to light, this is the big super cap name that big assets can play. most of the home builders are midcap. and how is the itb look? >> virtually identical. they overlay it about a 95% correlation. >> mike, is there any caveats about the trade you're putting on >> well, the one thing i would point out is that this doesn't happen to capture their earnings which would be the next big and obvious catalyst to the upside. that's probably the reason why the options are as low priced as they are. they are low price. it's less than a 16% implied volatility which is about as low as it ever gets. when you take a look at now's the time to buy options in home depot, i think it is. >>> let's move on here. another group getting a bid from lower rates. consumer staples outperforming the market today but that doesn't change the fact that the sector hasn't gotten stomp this had year. campbell soup down almost 30%. general mills, phillip morris have

cramer, do you consider whirlpool to be a best -- >> no i do not it continues to not know how to execute. i think they make real, real good washing machines much b, bm about real good stock prices and they don't have it on "mad money" tonight i am comparing hp and hewlett-packard enterprises. this guy is a two timer, not like that, i'm talking about jack dorsey's work at the helm of twitter and square. and the number one player in the cash manager industry. could it be the number one player in your cash property folio, what is ahead for breaks, stick with cramer. tweet me @jimcramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪ when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an accoun

but then steel okay whirlpool bad. like, what is the end game here to try to accomplish whatever they trying to accomplish? >> here is what they're waiting for. you take these companies that have joint ventures that have not been approved. let's use american express okay they've applied 14 years ago for a card but they don't have a card why? >> in china. >> yeah. why because china is intransient. if you saw something, qualcomm and any company that has been trying to do business there that hasn't been able to, that's the signal the president is saying they're walking back the trade deficit with us. maybe we can come to terms but, you know, i think everybody -- i think the president believes they're paper tired. as far as he's concerned, china rallied last night how much money do the chinese have to be able to keep their market up $5 trillion from the top i hear they're going to sell treasuries do we not think that the 30-year -- do you think the 30-year couldn't handle it we need to curve inflected i think the president

we also have some large caps being graded -- upgraded such as whirlpool, due to positive analysts.accordingo anheuser-busch also getting upgraded over hsbc, looking at the traded shares, it is 116 euros, higher than the average price target of the u.s.. shery: julie hyman, thank you. coming up, president trump taking hisegal grievances to twitter. , claiming absolute pardon power for himself how this is sitting with members of congress. we will ask republican congressman ryan costello next. ths bloomberg. ♪ ♪ shery: this is "bloomberg markets: balance of power". i am shery ahn. i'm david westin. you. david, shery, thank as far as presidenp is co there is no legal debate. tweeting that he has the absoluteright to pardon himselfe asks, "why would i do that, if i ?" e done nothing wrong his lawyer, rudy giuliani says that that would probably lead to impeachment. as shery ahn mentioned a few moments ago, we will be discussing that with republican congressman ryan costello in just a moment. united kingdom is seeking a breakthrough in brexit talks this week. we have learned that theresa may's gov

i mean you look at company like whirlpool, yes, whirlpool which makes washing machines gets a benefit from the washing machines they sell but they are also steel consumers. the tariffs on steel cost them. at first their stock went up about 15, 16% when the washing machine tariffs were announced. now it has come down 18% as a result of steel tariffs costing that company. there is a net cost, not only to the consumer but also to the companies. neil: do you think, alan, when you follow it, that some of these, you know, district fed presidents and a lot of economists by training overhandling this? in bostick's case i began the upside to the my risk profile for growth, reflecting business optimism. i will paraphrase here not so much, all because of this? >> well, we're not seeing so much in the price. we're in a bull market of uncertainty for the last year-and-a-half but we're still in a bull market. the dow and s&p are up 15% in the last 52 weeks and the nasdaq is up 25%. would you think something like this could shake the markets and it really hasn't. the last three weeks of prices we op

a company, whirlpool, has indicated it's going to increase the costs not only in terms of household appliances, but also their bottom line. there is an easy way for the government in order to deal with this. that is recognizing affordability is so important and shelving their carbon tax and making sure that payroll taxes are reduced. oat? >> the right honorable prime minister. >> mr. speaker, low me to be crystal clear. as far as we know the. has not removed its demand for some sort of sunset clause. on the issue of tariffs, our issue we have said multiple tiem times to the united states is they move forward with punitive tariffs in trade, aluminum and steel, not only are they putting a threat on canadian workers and industries, they're going to hurt american workers as well. american consumers as well. this is not in the interest of two countries that have the closest andest trading relationship in the history of the world. we'll continue to stand for that. >> translator: mr. speaker, the liberal government increased canada's debt by $71 billion when the economy was doing well. secondly, the

david: by the way it's not only the consumer that bears the brunt of this but whirlpool which makes washing machines by the way you'd expect they would be doing well. well they're not because they're steel consumers and consume a lot of steel and aluminum to make the products and as a result, their stock is down 18% since the steel and aluminum tariffs went in, so they get a bonus in terms of protection for the washing machines but in the end they're poor because of the steel and aluminum tariffs. >> well that's right look the price of beer cans will likely go up. the price of automobiles can go up, so you're talking about nascar voters here who might decide that this trade war is not so good for them. david: but again it's not yet a trade war. $50 billion, i mean it may grow into 450 billion let's hope it doesn't, but 50 billion is not really a trade war. >> well it's not a trade war yet, and i suspect i think within the white house, peter navarro whom i taught with at harvard years ago, and donald trump think they think they're going to get a deal. david: i think they do. >> that's probab

now on the cnbc newsline is former direct tv chairman and veo michael white also a board member of whirlpoolank of america. always good to get your thoughts on things. well, start with at&t. they get this done not without some unexpected hurdles, but they are at the finish line. good thing for the company >> i, d, f an, i thought yesterday afternoon when i was on that the deal would be approved and having read the 172-page opinion, it's pretty clear that the judge did, i tnk, a pretty good job of sorting a lot of facts, a lot of testimony, the incidental clearly the government's model had some issues. their expert witness had problems and more importantly, the judge was pretty smart i recoizing the changes in the industry, particularly the rise of amazon and netflix in the decision i think it's good for at&t it takes a huge cloud off of the stock. i think, you know, onward and upward now they have to focus on retain the key talent in the media business ensure that they have a continuation of the kind of creative culture that's been established there and deliver the synergies. i'm sure that's

. >> reporter: experts say dams can form extra strong currents and whirlpools in the water that can drown especially after heavy rains. authorities say that fisherman's actions, guys, was nothing short of a miracle. >> makes you feel so comforted there are still people like that in the world. >> people that will risk themselves to save someone else. >> erielle, thank you. >> very brave. thank you. >>> coming up, how hypnosis may have solved a decade old mystery. a woman attacked in her home forgetting everything. what she suddenly remembered and the suspect now facing charges. the suspect now facing charges. the suspect now facing charges. hi, i'm bob harper, and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brili

. >> we're not talking about an mcmansion whirlpool tub. >> right. >> so much of the case was built upon of first responding officers and emergency responders. they noted not only was ryan not wet. this man who had lifted his wife's body out of the tub just minutes before they arrived. sarah was also mostly dry. >> i noticed her body was dry. her hair was damp. >> others on the scene corroborated this observation. damp head, dry body. >> things were not adding up. it would seem to me her body would have been wet, the floor would have been wet, the carpet would have been wet. >> you're talking about from the time he says i'm taking her out of this bathtub to the time that other people are there, her hair is described as simply damp, not even wet. the carpet's not wet. there's not water dripping off of her hair onto the rest of her body. the floor is not wet. >> the officer noticed something else. the victim's fingers and toes. we all know what happens to them when they've been soaking in a bathtub. >> it was my understanding she had been in the water 20 to 30 minutes. i would have thought