Sell his Plated Service to albertsons. Mr. Wonderful himself will join us live. Later, extreme stocks. Guy adami is eyeing one stock up 65 this year. You will not believe how much higher he sees it going. Hell give us all the details. First, the big story is the fed starting the great unwind of its balance sheet, leaving the door open for future rate hikes. We continue to expect that the ongoing strength of the economy will warrant gradual increases in that rate to sustain a healthy labor market and stabilize inflation for 2 longer run objective and the reaction in the market was fierce. Check out the dollar, soaring nearly 1 for its best day since january. The yield on the u. S. 10year hitting its highest level in more than a month, all of this giving a boost to the banks, particularly the regional and money center ones like jpmorgan and bank of america. Is the fed for real . What should you do in your portfolio . Tim . Its absolutely real. All the points since it started to rally bac
Were going to speak to woodman ourselves in an exclusive interview to talk about the outlook for the company and that gopro drone crash over the weekend. At the padres diamondbacks game as a matter of fact. Toll brothers losing Early Morning gains after a weak number for new home sales. We have a debate, bull and a bear, talk about whether these housing stocks are worth buying right now. But we begin with amazon Shareholders Meeting taking place today in seattle, talk of a potential stock split. Believe that when we see it. Deidre is at the meeting there. What happened today . Reporter hey, guys, well, wrapped up just over an hour ago. A lot of happy investors. Amazon stock run up 40 in 12 months. This was interesting. One shareholder noting that amazons stock is approaching a thousand dollars a share. Noted that its less and less accessible to a younger and middle class investor, so she asked jeff bezos why it seemed amazon was going the way of berkshirehathaway, and whether he consid
Economy. Analysts saying were already in the midst of recession and why it could get much worse. First we start off with the markets. Stocks ending slightly higher on the official anniversary of the sevenyear bull run but with the ecb on deck tomorrow, the fed meeting just one week away from today, is the fate of the bull in the hands of the Central Banks . Pete najarian, what do you say . I would say the markets are completely dependant on oil just like Jeff Gundlach said yesterday. The Central Banks say they adjust and i think well be adjusting along the way. When you look at price of oil, what really led the s p . Whether you look at the dow, it didnt do much and the s p was up ten points, and why . Energy absolutely underneath this market. Fchevron, go through the list, the refiners, whats pushing this market right now. I think jeff is right and oil is still in command of the market. 5 move on wti is half a percent move on the s p 500 and you say oil is driving this market . Well,
Back to a few classic market tents. I think theres a level of the trump policy thats very unknown. People that try to do the math to tax cuts, and entitlement that dont change, and spending doesnt change. Theres a lot of elements to this. I think were way too early to assess. Clearly, so far, theres no substance to any of this stuff. I think for markets, this is unsettling. The flip side of that, of course, is if youre expecting hillary, who was supposedly, yeah, if thats the devil you know, for wall street, im not sure you love the devil. I think uncertainty, for markets, dropping into the context where weve been, markets have went to the peak, traded right up near the high, and traded sideways and now theyre giving something back. To call this i would not relate this to trump. I actually think the point tim makes, lets look where the market has been, and where it is now. 1810, up to 2050, 2060. Down at 1810. I said this last night. You didnt have to worry about everything out there.
Surgery. He needed 80 stitches. The ambassador is in good spirits. This is a kitchen sink storm. States of emergencies have been declared in alabama, mississippi, new jersey and West Virginia. Flooding a big concern in many areas. The Boston Marathon bombing trial, the jury was shown new video of the chaos immediately after the explosion. During an Opening Statement the defense admitted that tsarnaev took part in the bombing. A protest in new jersey following a scathing report on the police department. At least two demonstrators were arrested overnight. Personally i think you email troubles help fill up the senior vote. They can relate. In denver, passengers had to be evacuated from an American Airlines flight after smoke filled the plane. In michigan a driver hit a bus. The crash scene was actually a half a mile long. It was back in the United States. She was greeted by her family in portland, oregon. And all that matters. But is there any message you want to leave for charlie rose .