Saying he would say long. Were bedding on a stronger economy mere. Okay . Thats the bet. Were betting on strength one way or another here the strength around the world. The day you had the three houses won, that was the day that was not going to be another regulation. People say people are holding back because of uncertainty. Thats bull i havent been negative about the stock markets. I was a bit nervous about potential earlier this year about trade friction with china, but i think they have gone past that in this administration. So tepper says market isnt cheap. You get the french elections out of the way and other stuff. Not in the way until the market stars focusing, hes like wake me up when the tenyear hits 4 . Then you have eye sawn, who says a little cautious. Whos right . Why dont we split the difference and say its a good idea to be somewhat cautious, but to respect trend. Were in a secular bull market that started in the spring of 2013 when we took out the double top from 07 and 2000. Quite frankly people have been talking about long in the tooth, too far too fast for the better part of seven years. The secular bull from 82 to 2000, 18 years, 1350 . Were you have somebody 200 . So by any measure go back and look at 42 to 66, another comp want bull maeshl up 970 . The trend is up. I think we can all agree, the biggest best companies in america, the stocks are within alltime hims. Go down the list. So to say this is it, this is the end, its very arbitrary, it doesnt work. Its cost people a ton of money. Lets not play that game. I dont think icahn is saying the sky is falling, but maybe im more hedged than i wish i was, i put a billion on the table, i wish i had done more. I would have made more, and dave says, look, the backdrop is pretty good for this mark and equities to continue to glo higher, if you look economically at some of the proposals on the table from the administration. What dave is focusing on is synchronized globally improving economy. If you look at the perspective that each investor has, carl akahn may talked about distressed valuation, but rarely talks macro. Thats what dave does. He looks across seat classes, looking cross geographies, and money is a relative game. Hes say bonds are way too expensive, particularly sovereigns, tiparticularly bund and saying relative to that when you look at what draghi has to do, hes got to get off qe. When he does, its a positive message. Hes looking at it as the glass half full, keeping in mind that the markets are not very cheap, but not expensive yet. With everything that is going on, with the relative value or lack of value in credit, equities are the place to be. So i think its a very measured response, i dont think its tremendously dissimilar from what carl is saying, a different perspective. Hes worried about the level, but that type of the wall of worry, weve heard jeff gunlock how could you not be worried or cautious . You have to be. Its a data point in terms of your perspective, with dave, with 17 billion, you cant get in and out. You have to have the conviction of going in. Hes not only the best investor, hes also the best risk manager i have ever seen. If his mind changes, hes not going to get emotionally attached to something. Hes going to say, you know what . Im stepping back. He perspective is i have to take advantage of it. The wars far outweighs the risk. So jimmy, the takeaway, is it time to continue to put money into this market . Weve been debating whether investors were going to get an opportunity because of a pullback. Tepper leads you to believe that you dont necessarily need to wait for a pullback to get involved in the market, because it could go higher. Hes right. If you get a pullback and you have cash, great. Two things to say here, dont try to time a correction. If carl icahn wants to do it, god bless him, he has some skills that he might do it successfully. For the average investor, dont try to time it. Do not worry about Interest Rates right now. Were going to start wringing our hands will, the press will, when the tenyear goes above 260. Dont do it. Dont worry about it. Tepper says wake me up when it gets on 4. Hes exactly right. Any thought process that the fed wants to killing this rally or expansion is as wrong as wrong can be, if it raises rates too fast, theyll back off quickly. Dave walk talking about having that perspective, not always been in the market. If you go back to what it used to be on fed funds, 3 to 5 was neutral of over 5 was restrictive. Below 3 was terribly accommodative. Because we had to have positive real rates. You have a 1. 3 to gdp rate this quarter and were worried about four rate hikes . That isnt happening. Does tepper force you, doc to maybe take a step back and rethink where the market is, not to view it through the prism of 21,000 and say, well, the back drop is opportunistic enough that you can get involved here . Yeah. I agree with david tepper. Well see whether or not we get an explosion in the up side of Interest Rates, or whether we, as i believe, that we are anchored to whats happening over there. The volatility overseas is 30 or more higher than it is here. Thats because they cant just roll back regs like we can, because of the european union. It will be much harder and draghi is unlikely to make any moves, even though i agree with the gentleman, that were not prior to see any moves made prior to the elections. We make a move here, the markets react or dont, and i think they dont react to that move next week out of the fed, and i think we stay roughly i dont even know if we violate the 260 to the up side. The wild card is the agenda. You were going to say the fed . For december im sore, for the tenyear, i dont think 260, i dont think we get above that. The wild card is the trump agenda, right . Weve auld placed our bets, pushed the chips into the table, believe were going to get the good hand. We put our chips in. Now the dealer has to give us the cards we need. What happens if we dont get them youre right to ask the question, but heres what could happen even if you dont get the agenda through. Adp report, well see on friday how that tracks with the actual employment numbers, but realize whats the tail and whats the dog. Aggregate demand will come from a strong labor market here in the u. S. Thats where spendling will come from, thats where investment will come from, and were getting it in advance of the agenda. Were getting it now. Incidentally we wont have regulations and not a National Minimum wage debate anymore, but i think 17 states did it themselves and i think it took effect in january. Youre seeing a rebirth of appetites at the consumer level at levels other than the luxury consumer. Thats, i agree with jim, thats why ear going to be better and better economic data, even if it doesnt necessarily show up. Do i want to stay long materials . Industries . Tech, industrial and financial. So long as that remains the case, thats supportive of a bull market. Thats what should historically continue to lead. Thats a really good question. Selective in those sectors within the sectors. Financials, i still think have a lot of room to go, particularly if draghi does cut back the, because theyre in the penalty box in terms of negative rates. In terms of the others, i do think theres some play there, but i think you have to be selective in what youre doing. Weve had this tide thats lifted all ships, and at some point weve see divergence into returns, and theyll makes decision which will go higher. Advanced decline on the New York Stock Exchange composite is starting to fall, and the new lows list is very subdued, so to stevens point, there is some operation between winners and losers. Again, not a lot, not like what we have seen in historic markets, but not quite the etf free for all. And also to your point, though, to your question earlier, you need to know whats going to move them. That is agenda driven. If youre going to invest there, you are counting on the 1 trillion infrastructure bill, so know why youre investing in each sector. I like what i saw this morning out of the adp, judge. How do you not like that . Every single sector was up. Its been a blowout. This was phenomenal. I asked steve liesman, what was the best effort, he says february of 06. It shows the sort of momentum thats built behind and why mark cuban is so prong, was the animals spirits that are bottled up for eight years are loose. Its the pushpull of the Trump Presidency as it relates to the market. You look at the number since he was sworn in, you would have no reason to be worrisome or cautious. Its the other stuff. That should change this year. So thats exactly right. Weve talked about this before. Looking at the market as investors, rather looking at it as a political football, and the other stuff thats going on, we know where dave stands, right . Because when he came on cnbc before the election, so we know where he stands. He gave some hints of it today. Basically hes say im an investor, sure id like them to tighten it up in d. C. , but you have to look at the fundamentals and what the policies are. I like what i see. Like the noise be damned. Focus on the agenda thats coming, the fact that the economic but let me maybe it isnt to a point. Were going to test that theory, something tells me were going to test that theory sometimes this period. What if we dont get the policy . Now tax is put off until august. If the economy does continue to accelerate, we see the consumerdriven growth, the jobs, everything weve talked about. That would become less important. I was going to say, that gives you more cushion. You can see whats going on. If theres trouble, trump or ryan will come out and say, talking about no regulation, has driven the market, driven the economy, so make we can dial back. Not really, though. Well, there it is. The sectors year to date. Next up, the individual stocks david tepper likes and doesnt like. There are some surprises. Announcer david tepper saying today hes long stocks, our partners for producing a special screen on top performers when stocks and bond yields rise together. For more on this, go to cnbc. Com pro. With e trade you see things your way. You have access to the right information at the right moment. And when you filter out the noise, its easy to turn your vision into action. Its your trade. E trade. Start trading today at etrade. Com david tepper on squawk box this morning. They stocks go fairly cheaper. Probably trimmed a bit. It looks pretty cheap right now. I go back and forth on some days, and some days i dont know why the heck i look at it. Listen it was not the best position we took. What we thought about snap, we like places in tech where we think the competition is not as high. So jim, lets start with apple. This is ra different story than it was 9 on or 100. I cant pound the table and say its cheap, but i own it and im not going to sell it. The pry tag or the valuation . Its not cheap, either. There was a period of time back at 100 like four, five months ago, where this thing was trading when you strip out the cash. Dont give me a hard time about that. Right now its mid teens. You know what . Its got good growth rate. I dont think it justifies a higher multiple, but ill keep it for the potential that the iphone 8 is a knockout. Tepper says im a believer. Thats sort of nowhere land. But he likes it, right . That stock has gotten no love on this desk whatsoever. Doc flip it right away, now because he liked it, but likes making money. This is a guessing game right now, trading for lest than five days. Theres almost no volume. Its not high convention volume, just lack of sellers. Did tepper reset the narrative . Because there were way too many unknown as, and unlike facebook, because they do, maybe they went public a year late. That has not been good for twitter. When he ran into that wall 26s atrough from there on hout. How did they solve it . They bought instagram. Snapchat has money and could do some deals, but i think some of the deals are out of their reach already. Heres the reality. Theres a company doing still managed to lose money, probably will lose money this year and next year if you believe what they themselves told you, and so its a guessing game. Are there going to be animal spirits surrounding people wanting to be tepper basically told you himself today that if the stock goes lower to a hed like to buy more. I hope he does. I want this thing to work. Im telling you why im on the sidelines here, because its an enormous leap of faith to give this company the valuation without any prospect of making money. The street might look past that in ad dollars come in at a faster rate. The street might say we dont care, because theyre building the company. That might be good enough. Im not in the mood to make that bet. When goproperty is saying were going to be at youtube were a media company. We get that media onto youtu youtube, how did that work out . Theyre making the same kind of claim. Thats almost apples and oranges. Youre talking about a Device Company, and a software company. What did they just become . A Device Company with those dumb glasses. How many hours a day do you spent on snapchat . Two . Three . Sometimes 10, 12 the entire day. You bought it because its defensible, because nobody can sell for a year i mean of the insiders. Thats why dave bought it. He bought it for the reason he buys everything. If you look at the numbers. I dont know anything about his position, i was surprised he mentioned it, if you look at the volume of the trade in the mark and what dave said about his amount un and the other names, this is curiosity for him, all right . This is not going to move the needle either way. He cant possibly get big enough in it, okay, for it to matter unless the stock doubles from here. So for him, i would doubt that hes put this i dont know, i dont know anything more than you guys well, maybe more than you, jim. [ laughter ] sorry. But hes not going to put the same amount of work in this that he would into one of his bigger holdings. Allergan, trimmed a little, wyche, you have a take on this . Yeah, if you Pay Attention to when he got involved. He got involved in almost the exact right time, its liquid enough for him to be involved in. Hes exactly right. When stocks go up in the size of the portfolio, you have to trim back. From 190 to 240 in about three months, which means its time to buy and for it to go down. There you go. It was almost like he was having a battleground in his own mind over teva. Its a 50 cents or a buck off the 52 week low, whether you said to saw that i a bu or another big fund gave up on it. Highlands is not bosch but i dont think anybody is happy holding this. Theyre hoping generics dont get hit as hard as the rest of trump is focused on. You have a thought on teva . Take a look. He made a sector call on if it works great, if it does that, theyre downsized de minimus. We asked the question, should you follow somebody in . I would say no, because i dont know it doesnt sound like a strong commitment to it. Thats how sausage is made, unfortunately. Some of the best guys feel strongly one day, you read the story about drecken miller and soros, sometimes my back hurts and i change my mind. Thats a tough game for people at home to keep up with. An explosive story on caterpillar. That stock is down about 4 after last weeks raid at headquarters by federal authorities. Jon najarian using options activity more Halftime Report is coming up. Is happening before our eyes. Shift in Human History sixty to seventy Million People are moving to cities every year. At pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. Partner with pgim the Global Investment management businesses of prudential. Hey nicole. Hey i just wanted to thank your support team for walking me through my First Options trade. We only do it for everyone gary. Well, i feel pretty smart. Well, were all about educating people on options strategies. Well, dont worry, i wont let this accomplishment go to my head. Im still the same old gary. Wait, you forgot your french dictionary. Oh, mucho gracias. Get help on options trading with thinkorswim, only at td ameritrade. Deartheres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced. Our senses awake. Our hearts racing as one. I know this is sudden, but they say. If you love something set it free. See you around, giulia a market alert on oil. Inventories came in about a half hour ago. Its been some a range to 50 to 50 to 55 for a long time. Ive been saying for a long time Shale Oil Producers have been going crazy. Thats why you see inventories up and the price going down. Its going to continue. For those of you getting into some oil names, we discussed them this week. We have big interviews this week from sara down in houston. We had a nice pop out of capital oil and gas, i believe, a nice pop today, but i think theres a line in the sand right away that 51 level. Were nearing back to the largest rig count are counts and the largest production, because the rigs have gotten more efficient. Theyre going to keep pumps. If oil goes through 50, youve got a problem . Yeah, it bounced pretty hard. I think if it goes below 50 and stays there, then you get the narrative, is this a sign of economic weakness, which i dont think it is. Hit the junk bonds again, right. But this points out how a wash is 10 is the world is liquidity. Sure some of Necessary Companies went out, but overall you had so much lending, that they were able to keep going. The narrative there is that it doesnt matter what opec does, they do not control the price of oil. Hey, jackie. Good morning, its interesting here, you can see its more than a 3 spike down in crude oil prices. Digging into this, the traders are bringing up the production numbers, well over 9 Million Barrels a day here. That is a problem, as we start to increase. My question to you, jeff kill burg, is it all about the supply numbe numbers . I think it is, short term, jackie. A coupleiers, a 33 move was a walk in the park. This is a big deal thing. The rangebound crude oil environment, but right now i think youre flushing a lot of weak longs, but lets keep front and center the aramco deal. A very important move forward its a buying opportunity. Brian, earlier i pointed out that you looked at the onemonth chart, crude was actually flat. Is this the charge of a breakout it crashed through that. Now to see it trade down, around that 51 level. So i think its time to step in. The guys have talked about the 50 left. I heard rumors circulating that the opecs secretary met with a whole bunch of shale producers, and obviously some discussion about how we control the prices, so certainly those are key levels to look, and maybe step in. I look to be a buyer. Yeah, i did hear that there was a presser late in the evening where they all got together. You had all the big players. There really wasnt much of a consensus, telling that side of the story. Tough to say at this point. Were going to come to with the online show 1 00 p. M. Eastern tomorrow. Scott, back to you. Jon najarian is at the telestrator with what is moving at the options a lot of the semiconductors have been the focus of many of us on the desk, intel, one that pete loves and thats 4 higher. They bought these 39 calls in big numbers. So i met them, i probably like the up side here for this particular stock, even though like i say, down about 12 to 16 cents today. Cap pillar facing explosive new allegations. With one goal in one to keep its stop price going up. New york times breaking the story after fed agencies raided the headquarters. You say this was a report commissioned by the government, and done by a at the Dartmouth Business School . Billions offshore, the subsidiaries, as a way to avoice u. S. Tax. As long as the money remains offshore. When you bring the money back to the u. S. , youre supposed to pay takes on it. The professorss bringses brill onof dallas back to the u. S. , for tax purposeses in its financials. The professor is a im quoting i believe the companys noncompliance was deliberate and primary with the intention of maintaining a higher share price. The actions were fraudulent rather than negligence gent its also rare that a large multinational of this scale would be accused of such a fraud. Yeah, the thing thats surprising is big multinationals dont into disputes and you have time. Is but to accuse the company of tax fraud, to rice to the is very unusual, but for the most part, those disputes remain civil matters. The new ceo said he was surprised by the raid that happened last week doug overhell men, this all would have occurred under his last watched, wouldnt it . Where does he figure if all of this . This has taking plain. One thing i did want to add is its actually sort of unclear what the investigators are looking at because the Inspector Generals Office was involved, the so theyre probably are issues, banking issues, do not just tax issues, it certainly appears to be broader than the tax issues that were identified. Its not a report thats been made a public, and reported it, correct . Thanks for coming on today. Thanks for having me. I think the most scathing part about this professors report the actions were fraudulent rather than negligent. Thee really pay a fine, the stock price maybe hiccups and life goes on. If there ever was a teflon stoke over the last year, this is the one. The last few years. Eye are im wondering if this changes the narrative. And justifiably they hate it. I dont know if its true. I know we did raise this issue, maybe not this specific one, but a couple, with jim chenos, the noted short seller has been short this name for a number of years. In the u. S. , they didnt collapse where you they they would, but in the leverages. Whats being asserted is so, unlike other companies caterpillar came up with a way to take this money sitting at a swiss subsidiary, and repatriated, not paid the taxes. The bottom line is we dont have to cuss the ins and outs. Stephanie link, who owns the stock, not relative to these specific allegation. You north theyre going to pay a fine, and no one stephanie has no way of knowing that. If this goes on for years. You dont think thats a risk . No, i dont. Its a risk d. The big risk is a criminal filing against then. We dont know what happens. If they have to restate and the restatement is significant, and news for so many years, to your point, if they put the penalty back, their business levels go down dramatically. I just dont think theres niche down side to get involved. I agree. I agree with that, too. These are allegations, accusations made. We reached out to caterpillar for comment on this specific story and we have not yet matter back. What is it . We are going to let you know, and then were going to debate it. Its our call of the day and its coming up. This is where i trade and. Manage mpofolio. Since added tures, i have access to the oil markets and ld markets. Okay. M pluggeinto equie trade confirmed and i ve glol access 24 7. Meaning i cado wh i need to do, and ithen i can fus o24 7. What i want too. Visit learnfuturtoday. Com toeehat adding futures can do for you. Whats ctical thking like . Al . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whatthe value off capital is to create, not just wealth, but things that matter. Morgan stanley welcome back, everybody. Im sue herera. Heres whats happening. A federal investigation is under way in mississippi after a deadly crash involving a freight train, at least forepeople were over wright crews move that wreckage from the screen. As to stand up as democrats, to make sure that we are putting our values first, and one of the basic values is health care is a right, not a privilege. It shoop be a privilege only for the wealthy. Thats what the republicans are trying to do. Unfortunately the car is not available for prospective buyers to buy. Down to brian sullivan. You would like good in that car. We both would. Just screwsing in a you got it. Go figure. Either way, coming up, were going to continue to ask some of the top executives in oil and gas whether they are going to create jobs. That will start to grow, and yes, the keystone the Canadian Natural Resource minister is here, for a rare interview with cnbc. Also peter theel last night say were in a bull market for politics. A lot more to do. Were going to take a short break and ill see you at the top with power lunch in a few minutes. My businwas built wi passion. But i keep it growingby makever. Thats why i havthe spk cash card from capital one. Th i i earn mited 2 caack all of mpurchasing. And that unlimited 2 cash back from spark means which adds fuel tors each year my bottom line. Busines. Whats in your wallet . You realize the smartest investing idea, isnt just what you invest in, but who you invest with. Is. Welcome back to the Halftime Report. Im seema mody. A week before the fed meeting and what many analysts think will be a rate hike, our partners at kensho say health care has been the best performing sectors during a rate hike cycle since 1994. Weve been in this position 33 times, the second top performer is financials, followed by energy, up 1 , the s p 500 up a 0. 8 in the week before a fed decision in a rate hike cycle. Now back to scott. Who says you cant make money when the fed hikes rates. The gang here is looking to do that. Where do you want to do it . Obvious places, the financials. Youve seen some ease decently, and i think thats wrong. Its regs and taxes as well as these rates. Those three i think are significant drivers. Theres your performance year to date by the s p 500 sectors. Wyche, tech, leading the way. Whats your sector play . You want to get ahead of it, not after it. I still like financials. Theyre having a great day today, i think partly due to daves comments today, or in large part due to daves comments, but this rate hike will not be a surprise to anybody. So i like the health care call still going, a little defensive, and i think theres more to come there. I think keep your playbook that you were doing before, because i think the market continue toss go through it. When you look past at the financials and health cares, i look at companies with cashrich Balance Sheets they can use to pay down debt. I would want to stay away from indebted companies, so i look at appearing, cisco. Company with his high cash balances. Theyre going to get more big on that, that may help. Somewhat contrarian. I would fade whatever the mark becomes really, really short of. U. S. Real estate etf has been absolutely hammered when it became apparent that a fed hike in march is a slam dump. Watch that particular etf right after. If you see an overreaction, they get this thing down to a 4 yield. How come no one said visa, am ex weve been in love with these names for year. Am ex and goldman are some of the about two of the top former are those two stocks. How about cme where the rate trade takes place . You want to avoid utilities, avoid the highyielding stocks. Well be right back. Shares of adidas, hitting aber an alltime today after giving ambitious guidance. A buy rating on the stock. Upped the price target moments ago. Erin, nice to talk to you today. Thanks for having me on. Is this your top name right now in the space or no . Yes. This is one of our two top names. Its adidas and coach. We continue to like this brand behind the athletic space. Speak directly to adidas. Why allow like it so much . A couple of things underpinning growth here. You have resurging brand momentum. Its not just about the retro sneakers youre seeing right now. Theyve done a tremendous amount of innovation behind performance, which we think will be the longerterm driver and shares in america outpacing that of its peers. Against a growing athletic category we think adidas is the game to play. More broad ly, let me ask yo, ive heard some suggestions in recent days that nike is, quote, unquote, back. Do you agree with that statement . We dont, actually, at this point. We think the brand is still very much intact. But we do think that they are still lacking from an innovation perspective. They do have some things in the pipeline for the back half of 2016. Well have to see how those shake off. In monitoring the near term, we think the adidas momentum today and what theyre specifically speaking to in north america really means that the retailers are collaborating behind adi more than they are for nike. We think it will take more futures. What kind of price target do you have on nke . On nke, weve got a 51 price target. Assuming it trades 21 times. 10 lower, maybe a little less than that. When is the pain going to stop for under armour shares . Its a fair question. When you think about the longer term of the under armour brand, historically, really the growth if youre a bull on it it was coming from the international markets. The concern that we have today is that youve got adi, the number two brand in the category, really reaction el rating not only in north america, but abroad and that could potentially cap the potential near term or intermediate term growth for under armour. Then focus on the home turf, nike isnt going away. Its just in a little bit of a pause. But its a big brand from a dollar perspective. Between nike and adidas, it crowds out the potential for under armour. Its way too soon to be looking at that name. And its trading at 48 times earnings. Erinn, thank you so much. Pipers erinn murphy. You have been over adidas many, many months. I love adidas. Theyre killing it in lifestyle. Josh knows because hes of that lifestyle. That is driving younger folks into this Company Rather than the alternatives. We had a suggestion the other day nike was back and there was agreement on the desk. Most of us have been in the name. Youre in the name. I am as well i wouldnt mind a 10 discount to pick up the other half. Its a great company. 21 times earnings is actually cheap for this name. 25 is what it should trade at. Well take a quick break and do final trades when we come back. Various shouting heigh ho its off to work we go woman on the gulf coast, new exxonmobil projects are expected to create over 45,000 jobs. And each job created by the Energy Industry supports two others in the community. Altogether, the industry supports over 9 million jobs nationwide. These are jobs that natural gas is helping make happen, all while reducing americas emissions. Energy lives here. All while reducing americas emissions. What are you doing . Getting your quarter back. Fountains dont earn interest, david. You know i work at ally. I was being romantic. You know what i find romantic . A robust annual percentage yield thats what i find romantic. This is literally throwing your money away. I think its over there. That way . Yeah, a little further up. What year was that quarter . What year is that one . 98 thats the one. You got it nothing stops us from doing right by our customers. Ally. Do it right. Lets get out of that water. We are back. Shares of skyworks soaring up 30 year to date and mizuho says theres still time to buy it. Upgrade today,. 75 of 1 . Its our call of the day. Apple supplier. Feet li pete likes it. Doc, to you . Pete likes it. Im out of t i wish i had it on this 28 run. But ill take another look. Start us off today. Atk, one that ive been on for a while but elbit systems, israeli munitions company, electronic defense company, and under the radar name you should look at right now. Jimmy . We talked about it earlier. Oil breaks below 50. Josh . To reiterate on cat, its too soon to know whats going on. I would avoid it. Doc . Bcrx, exploding to the upside. Watch it. Deal news on the desk as well. You sold your firm, jim. Yeah. Or youre selling it. Exactly, subject to regulatory approval. Congratulations. Thanks. Great bunch of guys. Were really excited about the future. Are you going back on the farm or are you going to stay on the street . Were staying exactly as we are. Lunch is on jim today, by the way. For everybody. Ceo. Youre staying a ceo . Exactly. Dont bury the lead, jimmy. Sorry, buddy. Congratulations. Weve traipled the last thre years and were going to do it again. Power lunch starts right now. Im Michelle Carusocabrera and here is whats on the menu. David pepper says he is all in on america. Should you be too . Big market question of the day. Well debate straight ahead. One woman who keeps mr. Teper up at night. And its not janet yellen. Brian is live in houston and the camper stocks, theyre crushing it. Is there a rocky road ahead . Get it . Buckle up. Power lu