We have the latest from the white house. Weve heard from the president of the United States and the Vice President of the United States, the pressure just a little while ago summoning reporters into the oval office where he was seated next to henry kissenger. The president addressing this that a question from a reporter asked about his decision to fire james come qul. Heres what he had to say. Why did you fire director come . Because he one doing a good job, simply. That is a much broader reasoning for firing james comey than was offered by the Deputy Attorney general who said in his letter released last night that he was critical of james comey for his handling of the Hillary Clinton email situation last fall. The president there offering a blanket explanation, saying comey simply wasnt doing a good job b in general. A sligt deaf rinse well ask about later this afternoon. Also, the Vice President was on capitol hill today, he was asked by Kristen Welker who in fact ordered this review of james comey . Was it the president . Hes cha exchange. Tid the president ask the Deputy Attorney general to conduct a review of director comey . The new Deputy Attorney general, who was just sworn in two weeks ago and confirmed by the fbi, he is a man of integrity and a reputation of both Political Parties of great character. Came to work, sat down before the recommendation before the fbi to be b able to do its job, that it would need new leadership. He brought that recommendation to the president. Attorney general concurred and i personally am grateful. He stated a kronology of events and talked about the reputation around town here in washington, d. C. Sochlt that is one of the questions that we expect that Sarah Huckabee sanders will address in the White House PressBriefing Room at 1 30 when she will be taking the place of sean spicer today and dealing with the questions syrup rou surrounding this, most importantly, who ordered this review and why yesterday . Why did this have to come to a head yesterday in such a surprise iing fashion . Thank you so much. The real question now seems the most pressing for investors. What does this mean for tax reform and everything the president hopes to get done over the year and beyond . John harwood following that story for us. John. The administrations agenda is in trouble and the administration itself is in trouble. Youve got an energized democratic opposite. Om fragmentation on the republican side. You had criticism from richard burr. Other senators, jim flake, ben sass, john mccain, all being critical. This has a barbara come stock, a republican member from Northern Virginia call iing for a specia investigation. This rising heat on republicans over the administrations conduct and the firing of james comey makes it manufacture difficult for the congress to digest the issue of health care, tax reform, legislative changes to dodd frank, this is just beginning for the white house, but it is a difficult, difficult moment. John, thank you. In d. C. For us. So, doc, market again in this sort of holing pattern. What if its more delayed than people expect because of this poisonous atmosphere in d. C. . Sf. It is a poisonous atmosphere, but just as john was addressing that question as to whether or not this stops the agenda or anything like that its just in this tight range. Again, im not trying to read too much into that. The only person that probably thought comey was doing a good job was himself. Both sides, republicans and democrats have had plenty of criticism for this guy. I understand people saying is this ab overreach, but i dont see this as a driver at all. Ill take the opposite side of john harwood on this. I dont think this means anything for the stock market. This agenda, its still second half story. Nothing has changed. Do we still likely see tax reform in the second half . I believe so. Is the senate going to pass a modified version of the repeal and replace . I believe that as well. Is anybody going to step in the back of him rolling regulations . I dont think so. Not the other side. I think its expectations base and the market got ahead from an expectations standpoint. Listen, this is an ambitious legislative agenda that runs across a number of fronts. Whether it be tax reform, hemt care, global engagement, right. Are they going to be patient for that . I think youre going to see a pivot in way from what is possible and practical and there is some reform coming. When you marry that with the base case, can which is improving corporate earnings, which have been incredible this quarter and accelerating Global Economic growth, i think its a backdrop where Headline News donot scare you. Why then it gets the backdrop of without question, strong earnings, why cant the market, i dont know what brings us out of the dull drums he said, but my expectation is that this is not a normal resting state. Its going to break hard one way or the other. I think there is downside risk. Thats done, you look ahead and i dont see what the catalysts to further growth are. You dont see it in the immediate offing. I see the news at being an impediment, baked into the cake. Right now, any employment, Profit Growth coming from. Before you jump in. The market may be expensive and ive been saying this for a long time. The market its high sitting on the sidelines. Its relatively expensive. Looking for a huge pullback, its unlike ly to come because the amount of cash sitting there waiting nrt missile that got very scary in the resilience of its not just this week. Now talking about the term structure of the vix market. Its a dak rouse thing. We were saying the actually vix, the amount that the s p 500 is moving, the full range on the day, not close to close. The full range is a is seven. So when were pricing at a 10, thats 40 premium. Over where the actual is. I feel like youre explaining it away. I dont know why the market is not moving. It could be what rob said, theres so much cash thats nervous and not in the market. When weve seen a one and a half pullback, you see cash thrown at this market. You saw it afterthe french elections a week ago, after trumps speech to congress two months ago. Thats cash they pulled out of other investments and chabsed. Its part of this rotation. Financials kicked it you have. They were phenomenal. Technology, outstanding, you look across the board. Whats not been dragging us when they talk about rotation, oil, energy. You start to look at where are the parts of the market that are missing this out. When you look at a ten vicks, 6 vicks,. 6 move every day. Not once a week, not once a month. Every day, that means youre pricing in a. 6, we have getting close to that, so there is a fear premium built into this price from 7 to 10. At the lower end when talking about a nip or ten vix, you own it for protection any way. Sfwl does anybody think the market, its not absurdly expensive considering where rates are. In this growth and inflation, the market should be traded this level historically. Im going to agree jim on something. Typically what you see is the leaders in the beginning half of the year leading the second half. So what im looking to do is move into the energies, the financial, those that have lagged and i think that rotation can take place so the market can stay steady. You have to have facts to back up why youre rotating into those areas. Youve got to have oil start to change. In the energy name, but weve had energy names over the past couple of week, theyre performing even with oil just hanging around. To get the next catalyst moving again. Oil making an up move . The agenda . What is it . With the agenda being pushed out to second half, ive learned not to, i agree with john that the market doesnt care, but for a different reason. I think the market decided in february and march. This was an incompetent administration and none of this stuff was going to happen. So you dont see the market budging because the agenda is getting pushed off because they never thought. Thats evidenced in prices. Please dont take my word for it and dont go by sentiment polls. Look at whats going on with Asset Classes and sectors. All of trump trade rally took place from november to the first week of december then stopped on a dime. The untrump trades health care and tech, are the two leading sectors, the trump trade, infrastructure, material, financials, all lagging and not by a little bit. Like double digit percentage points, so the market never believed this was going to happen. People are not investing that way. Theyre buying giant technology stocks. They have more faith in tim cook. Theyre throwing money at overseas markets. They want to own blue chips, just dont want to overpay for ours. Theyre buying tech, but leaving the Big Oil Companies out. Do the tech stocks in other areas of the market that have rallied at the expension of the trump trades. They will not hold up. But they might better than the rest of the market jeff uses this to Market Action being all that matters. You have seen copper, steel, energy. Youve seen these underperform substantially because nobody believes theres a trillion dollar infrastructure bill thats going to rain down from heaven. No one thinks youre going to get this massive deregulatory push for the banks. I hope they believe Energy Prices are up 46 and thats going to have an impact on earnings. We dont see a v shape recovery in oil. We see a nice bounce off and thats been it. How long have we been on the same five or ten point range . Has it been six month sns. It has been. You make good argument, but theres other kauss. The market is making these arguments. Im not lay eerring on opinion on top of it. I think youve got to go further. I do. Because if were going to use oil, were looking at a possible Macro Economic indicator, which is what it has traditionally been. It is not that anymore. It is now just a commodity where supply matters just as much as demand. I dont think these are the big picture indicators. Youre say iing its at 47 becae theres too much supply. Its absolutely not what were say iing. Were saying that people that were investing based on this idea, that all of sudden, it was reagan 2. 0. Theyve been disillusioned for months now. Its a nonevent for the stock market. But the market is not betting on that. So, if it happens, you asked me a question, heres my answer. Whats the next upside catalyst . If we are all of o a sudden surprised at the b ability of the administration to work with congress and start passing stuff thats meaningful for the economy, that would be tremendous for stock prices. If it doesnt happen, im arguing the market no longer expects it to any way. And financials and crude oil, the energy complex, scott. You get those back instead of on their backside. You get them back. But theres about a 90 some odd chance that the fed is going to move again in june. I think that helps the financials out. I think youre going to see some reform in the second half along with those other things. If she moves and the s p is more than 10 off its record high, he is going to be on twitter calling for her head. Mark my words, remember i said it. Im not so sure we want to take that chance. I agree, but i think the macro narrative is starting to become more important right now. The vel ocity of money is pickig up. Corporations are spending. Its no surprise. There is no surprise, yes, business confident, consumer confidence, Small Business optimism. Theres a micro narrative thats very powerful and i will tell you, its going to help velocity of money pick up and when velocity of money picks up, profits will pick up. Well make that the last word. Well be back after this. A lot more ahead on the Halftime Report. Next up, two dow components raising a lot of questions. Disney, after reporting results yesterday, see if the traders are standing by their call to buy the stock. Plus, a conviction short from one noted analyst on intel. Well hit them both, next. This is the Halftime Report on cnbc. Brian, i just need to know if the customer app will be live monday. Can we at least analyze customer traffic . Can we push the offer online . Brian, i just had a quick question. Brian . Brian. Legacy technology can handcuff any company. But yes is here. Youre saying the new app will go live monday . yeah. With help from hpe, we can finally work the way we want to. With the right mix of hybrid it, everything computes. Looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Intel is lower after bernstein name d the stock one f their conviction shorts. The firm saying a multiyear case against the stock has been playing out. It is our call of the day. Jim, you own it. Youve got to ignore the acquisiti acquisition. Youve got to ignore the valuation. He put some valuation. Whats the low . Not saying you have to love it, scott, but if youre going o to short this, youre going to be paying the 3 dividend yield while youre short. To whoever you borrowed the shares from and youve got more risk to the upside than to the downside. Im going to go down the list with some of the things they say. The Company Needs growth. Number two. Third, the world seems to be moving against strength. The stock is expensive. Greater than 19 times in the tenth history. If he wants to use it, fine. Using his numbers, its trading at 15 times. Youve got to skip over the fact theres higher cap exthis year than projected going forward. If you look around six or seven times using his numbers, its cheap. You can paiyou can paint a picture baseded on what the stock is is is. Whobt the other major issues . World moving against strength. Start with data center. Looking at high Single Digits for this year over next. That is a disappointment from where we are a year ago, but thats been priced into the stock. You got to remember intel scale here, when you get growth, theyve got these b fab plants all over the world their marg marginal costs to produce chips is next to nothing. They start printing money. So, first of all, heres whats in your favor. The sector isnt in great shape. Intel is a big part of the semiindex. The its been holding it back. Techs been ripping. Okay . The smh is up 14. 5 year to date. Chips has been have been playing the game. Intel hasnt been doing anything. Youre finding a positive including today. Down five straight days. Thats where you want the bulls to come in and they did. You have a downgrade that barely hits it. Tells you a Little Something about the appetite for this name. Again, i think there are better seminames, im in nvidia. There are better names, but this is not tesh. Whats jims right is mobile eye. Ilt hasnt done anything because of this 15 billion ak wii sags. Now, all those things take a lot of time to play through. If its an airline deal, they this is a new step for them. Its 15 billi 15 billion, yeah, have it. Thats not the problem. Its a big deal. Six months, in other words, the ninth month of the year, september, my birthday if youre shopping, scott. Its a lot like microsoft. They have made two ak wii sagss. 16 billion. In the meantime, theyre giving you yield and the stock is just off the highs of 38 on the sixes. Even on this dwix sell, whats the stock doing today . Down 25 cents. The bulk of the move was in the First Six Months of the last 12. Much like the financials. You get a big move in the financials because the trump bump, then weve paused. Next step happens for the financials. When we start to see the rates go up. If you dont want to own it, but dont short this. Thats just dangerous. Dont short it. Up next, a double dose of the unusual. The brothers trabing the action in the options market. Stay tuned for their latest picks. Think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov after becoming one of the largest Broadband Companies in the country. After expanding our Fiber Network coast to coast. These are the places we call home. We are centurylink. We believe in the power of the digital world. The power to connect. And thats what drives us everyday. I count on my dell small for tech advice. With one phone call, i get products that suit my needs and i get back to business. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Doc, youre up first. Youve got . Nuance. Nuan. Former icahn, the apple of his eye back in the day. So swell, but now, somebodys betting on a move like that. Its up 9 today. People didnt want to scramble in and buy more stock. They bought upside calls. The june 19 calls, now its the at the money calls. I think thats a much better risk reward for more upside out of the stock. Thats what they bought. Ill probably be in it for two weeks, they expire over five weeks from now. Ill be in them, too. Pete, youve got neighbors. Going to the energy side once again. Weve had this over the last couple of weeks. Going to update this. But in neighbors, pretty interesting. The move today, up about 30 . 3 rather, with 30 cents on this stock. This thing is an range over the last 52 weeks, so were still near the lower epd, but its starting to make a move and now, were seeing the june 11 calls, so just out of the money calls. 30 cents, 6,000 of those were bought today. I got into that as well. I like what theyre looking at. Feels like energy, some of those beta names, the higher beta names in energy starting to move to the upside. Noble, we talked about the options. Trimmed more of that today. Still holding on to some of that. Keep an eye on these names because theyre starting to move to the upside. Guys, come on back this way. We have a news alert from washington and once again with eamon at the white house. Yes, scott, cnbc and nbc news are posting a new story to both News Organization websites at this hour. Senate Intelligence Committee has requested information about donald trump and his aides from the unit in the Treasury Department that imposed a 10 million civil penalty on trump taj mahal in 2015 for multiple violations of antimoney laundering laws. Its the Financial Crimes Enforcement Network and that would have the court repoauthor demand nation about donald trump, his aides, family members and others from banks here in the United States or that have branches here in the United States and we are told that this request according to an aide covers information regarding trump, his family, his businesses and his associates. So, scott, new information here on what exactly the senate Intelligence Committee is looking into and what documents it has requested from the Treasury Department. Were less than an hour or so away from the briefing. Were expecting Sarah Saunders here at 1 30 where shell answer questions on all this. Look forward to that. Thanks so much. Sue has the latest headlines. Indeed, i do. Thank you very much. Heres whats happening. Nato secretary meeting with british Prime Minister theresa may in london and he says the alliance is reviewing requests if additional troops to be sent in afghanistan. Our biggest military operation ever is our operation in afghanistan. Its about fighting terrorism. About preventing that afghanistan becomes a safe haven for national terrorists. Here at home, the u. S. Postal service is hoping it can soon raise prices by a penny or more. This after reporting a quarterly loss 562 million. Le legislation would allow a one cent increase. And Justin Bieber arriving in mumbai for his purpose tour. The singer as you can see there, was welcomed by fans as he stepped out of the airport. He will perform before 40,000 fans a bit later today. Thats the news, over to tyler, our own rock star with whats coming up on power lunch. It was rumored about a week ago that bieber was in my town watching the school play of a dear friend of his. You know what, i did hear those rumors. You live in a hopping town. We are in a hopping town. All righty and i appear that every day there, by the way, about 6 30 in the ooempk. Coming up, the fallout from comeys firing. What about the president s agenda . How do the two connect is this if at all. Snap getting ready to report earnings after the bell. Should you by the stock, ahead of the numbers and 100 million home, who doesnt want to see them in . More and more of them are coming around. Halftime report right back after this. Its all yours. Wow record time. At cognizant, were helping todays leading Life Sciences companies go beyond developing prescriptions to offering subscriptions with personalized, realtime advice for lifelong, healthy living. Honey . You almost done . Nope. Get ready, because were helping leading Companies Lead with digital. Im dr. Kelsey mcneely and some day you might be calling me an energy farmer. Energy lives here. Picture, but an 80 rise. That stock sharply up again today after a better than expected earnings. Heres what mr. Lef said about wayfair when he was on with us back in the fall. Shipping furniture is expensive. Thats why wayfair has zero business, zero future. Try to send a couch. Try to return your couch. Tell me how that works out. All right, well hes back with us from los angeles. Welcome back. Youre still short this name . I feel just fine. I think it was the same interview i recommended buying restoration at hardware to 30, but thats double to 60, but we dont want the talk b about that. We can talk about this after we talk about this. Who cares, who cares. I think its a wonderful opportunity to short wayfair. The Company Still loses more money, i think theyre cash burden was the second highest ever. Theyre showing no path to profitability whatsoever. There was a short squeeze in stock. Todays a new day. Do i want to be short in stock sm 63, no doubt for the company to ever grow into this valuation, theyre just showing no path to it whatsoever. I want to say one thing the viewers should heed to. Last week, patrick burn, the ceo of overstock, put out a presentation why he showed way fair as buying revenues and how their business is unsustainable. The reason thats unsustainable is this. When a competitor discusses someone else and how their business is a house of cards, it should be watched. If you remember with the whole valiant situation,all al eal gt business was unsustainable, a year. So overstock, did a pond presentation on the slides sh showing how way fair is running an unsustainable business. Youve got momentum though moving against you. In this particular trade. I mean, literally as were having the conversation and youre saying you would still be short and youre adding to your short. The stock is literally adding value as were having this conversation. Thats wonderful because im going to tell you whats working for me. Im going to leave and go play golf. When i go play golf, i have jeff bezos and mark from walmart, who have not yet competed in the space who said were going to start getting more aggressive on furniture. Theyre working for me. So, after a shortterm stock price, what it does in the next five moiinutes, i dont care. What im worried b about is will the company make money and how is the space going to look. Were not talking about the last five minutes. I understand that. Thats what happens. When youre a short seller, you have to say sometimes, i think i was on your show a few months ago after the emotionmobile acquisition. Argument looked weird, what the ip would be worth. And george soros says im not rich because im right. Im rich because i know when im wrong. I know when im wrong. With wayfair, my timing is off right now, which is fine. Ill wait until next quarter. Instead of 63, it will be 33, 23, then youll invite me on the show and i dont know, well find another reason to beat up on me then. Well talk about Restoration Hardware at that point. As for the profit bability issue, im reading a quote here from a Piper Jaffray analyst who wrote in a note to client, all this, shares look attractive as Revenue Growth has stopped deaccelerating. We can see a path to full year ebitda profit bability in the u. S. For 2017. How did we know Revenue Growth has stock deaccelerating. This is the First Quarter theyve had in the history of the company. I dont know how that he can say that. And its nice to know that for five and a half billion, you might get a path to profitabl profitability. I would like to hear from the ce of of Williams Sonoma would like to say about that. We might have a path to profitable i one day and thats before amazon and walmart really go to our business hard. Im very comfortable with this position. Whats fair value for the stock . At one point, you said it was under ten bucks, now, you say if it goes back to 45. How about this. If i showed this to a private equity, the answer and say how much would you pay . Theyd probably say to me, how much will you pay me to take this company . Theyre losing 50 million last quarter, so whats it worth . If we consider this a Mature Company right now, its a single digit company, not even. Theyd have to raise money, so no whoa knows what its worth. Theres been a thesis shift. Last week, people said its a buyout target, which is a lot easier to focus on rather than profitability. Theres zero way to value this company right now. It is a money losing company that is, it competes against the giants of e commerce. Hi, its josh brown. So, for the viewers and most you know, most people are not sophisticated short seller, what would have to happen for you to say i want to close up shop on this short. Would it be something way fair itself or industry . What would be the thing that would tell you . By the way, if all of a sudden tomorrow, amazon and walmart said you know what, were not going compete in the furniture space. Well let way fair take the Home Furnishing space. Id have to rethink my thesis. Or if they showed the business became scale bable. Theres nothing this company can do to make you dhang chochange n it. Even if they became profitable, that would be the worst thing to happen in this company, ever. Because then, it would be judged like a real company. People could compare. Its so much easier not to make a profit. Thats ilt. Every day, you have to look at your stocks. Its a brandnew day. At 63 a share, saw whag a saw on the Quarterly Report yesterday, would i be short the stock . Yes, twice the conviction i had last week. We werent beating up on you, you know that . Im used to it. I like it, actually. I thought you were going to say bezos was in your foursome on the golf course after this. Lets talk nvidia. A onetime shortterm short . Do you have a position . None. On december 28th, it was trading 118, 119. I said the stock should trade back. Im sorry, i missed the bottom. Is it a gut feel you get when you see a stock that rips like nvidia . Its different. Its a different story. Its a very big story. Where will the stock be in three or four years based on this . They show theyre beating their competition to the punch. We were just discussing intel and the controversial acquisition. Its nice to see they get a sell because of their lack of direction. Where nvidias been right on track. Even though its still a gaming company. Whats interesting about way fair, is you see selling blue sofa, im selling it directly against walmart, against amazon. Everyone else and at a loss, not a profit. Thats where i want to be short right now. Now, tomorrow, nvidia went from todays earnings of 119 and the stock went to 135, i would think maybe the market overreacted, so theres a trade or investment. My nvidia short was always a trade. The way fair short is a complete investment. I can tell in your tone and enthusiasm thats the case. Well talk to you soon. Hit them straight. Thank you. We did reach out to wayfair. They have no comment, however, they will later. Because the cofounder and ceo is going to be on the closing bell. An exclusive interview, clearly, you dont want to miss that. Especially now. So youll hear from the ceo later on today. Halftime report back after this. 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New or unexpected shortness of breath, any planned surgery, and all medicines you take. If you recently had a heart attack, ask your doctor about brilinta. My heart is worth brilinta. If you cant afford your medication, astrazeneca. May be able to help. To be a nightmare does nobody like the future . Cmon, the future. He obviously doesnt know intel is helping power Autonomous Cars and the 5g network they connect to. With this, wont happen in the future. Thanks, jim. Theres some napkins in the glovebox. Okay, but why would i need a napkin . You could have just told me a bump was coming. We know the future. Because were building it. Welcome back to the Halftime Report. Im jackie deangelis. We are watching crude oil today seeing its best day since november. Surging nearly 4 on bullish supply data this morning. Brian, this was the first significant drawdown that we saw. Are you convinced its time to get in here . Jackie, actually im not. You get the drawdown and sometimes these numbers are a couple months delayed on whats going on in the marketplace. Weve had talks from opec saying we would cut back on supplies and were getting a rise here and obviously the drawdown is an issue. This is a bear market rally. 45 is the target you have to be looking at for oil. We have the oil volume it tilt index rising as of late. To me theres fear and uncertainty where the price is going, and for that reason i think it will be difficult to figure out a nice price to stop at and continue to rise to the upside. I would be a seller if we get anywhere above this 48 level here. Look for it to trade back to 45. Scott, hes saying look to 45. Would you say look to 50 . I agree with brian. I think well see more down than up largely because were still below where we were when opec started cutting production. Youll see the chart in no mans land. I think its way too call a bottom. Were below the recent important levels. We see shale produce remembers pumping like crazy. Libya will come online. Theres plenty of reason to think well see more down side. Actually the highest since 2014. Thats an issue that could take us lower. Guys, thank you so much. For more futures now head to the website and catch our live show tomorrow at 1 00 p. M. Eastern time. Hey gary, what are you doing . Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at td ameritrade. I love how usaa gives me the and the security just like the marines did. At one point, i did change to a Different Company with car insurance, and i was not happy with the customer service. 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My dell Small Business advisor has gotten to know our business so well that is feels like hes a part of our team. With one phone call, he sets me up with tailored products and services. And when my advisor is focused on my tech, i can focus on my Small Business. 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 were back. Snap with its first Earnings Report after the bell today. Josh, what do you expect . Just really quickly i went back and look. Facebook fell 11 the first time it reported a quarter. Twitter fell 24 the first time we reported a quarter. This is a slightly different setup because i think, you know, weve learned a lot in those situations, so maybe not that much volatility but dont fall out of your chair. The numbers a 4x increase in revenue this quarter from the same quarter a year ago but a 5 decline from q4, sequential. So its not quite a mega growth story when youre looking at a shorter time horizon but its a lot of Revenue Growth. Well have to see what they say. Would you be a buyer or a seller . I have a buy stop limit above 30 i want in and then i have a buy limit i think its 12 or 13. So if they kill it, i want in. I dont want the middle ground. Its either heaven or hell. That would be the way i trade it. Some final trades. Youre up first. I that i think look at xle here. The second half rotation will start to happen. Youre seeing strength in Energy Prices. I think it will happen sooner than most expect and i would get on that train. Good for the overall market if you get oil moving up, Energy Stocks moving up, yeah . Talking about energy and the beta names. Keep an eye on the health care names getting forgotten as we talk about everything else. Keep an eye on a sanofi. I think theyre going higher. Up more than 1 . Atw, unusual call ak it tift and abo activity. I dealt with the pullback. I stayed long and im going to keep it. Jimmy . Long the xrt. Retail earnings this week. Good stuff, guys. Thanks. Power starts now. The fallout from the president s firing fbi director james comey continues, and there are two Big Questions that still need to be answered. Number one, will anger over this move, even among some in the gop, damage the trump agenda . And, two, why doesnt the stock market seem to care about everything going on in d. C. . We will dig into both. Plus, trouble in the magic kingdom. Disney shares getting hit today, concerns about espn dragging down earnings, but are those concerns overdone . Another good question. Im brian sullivan. Power lunch has answers. We start right now