Stock s are reacting some turbulent traffic ahead. And is that welcomed . Yes. It is, because of the optimism for the economy itself, and the appearance of inflation, and the 0. 4 on the pricing index is for anecdotal because we have Domestic Companies with sales that are up 30 over last year. We are are rocking it in america right now. And im telling you that there is no recession, so why not a rate hike, because we could take 25 basis points right now. And doc, neutrals on the stocks in the next 12 months, and the bank of america says it is a swoon, and why are they wrong . Well, kevin, like the optimism as always. And honesty. Yes, but i am not optimistic on the markets reaction it to, and the market can take ut and 25 basis points is not going to knock the wheels off, but the market will sell, and sell hard if they raise rates minutes after the rates increased. And why is he wrong . Didnt we get an indication of that and a couple of people talking about rates and the market will lo
Lets get pumped up. Were being joined about it Founding Partner of agin and we have a kmg manager of tortoise capital. Youve been negative on oil. Were back to 50. Why . Are you changing the tune in the price forecast . Im not that constructive on it. I see the dollar rallying as the fed goes into Interest Rate hike mode here. Balance of the year. I think some of the outages that have driven the latest leg are transitory. You have already seen the canadian outcut come back. Youre seeing libya barrels starting to load. And the situation in nigeria isnt great. Iran, iraq, saudi arain yashgs all set to ramp up production even further in the coming weeks. So youre negative . You think this is a short term pop. You expect prices to fall again . And were at a critical level here matched up right with the october high. It would be a prominent double top if there is a failure here. Okay. What we do know is that prices have rallied. As oil prices rallied, so, too, have manufacture the stocks. W
Upgrade is, it is changing as the phones do. I find it impossible to believe that apple is not going to continue to evolve form factor s to stay competitive with everybody else, so it is saying and acknowledging what we already know which is the cycle of the big changes in the phone platform is coming to a close. Mike. You know, we had steve mi melonovich said not to the expect a big upgrate for the 7, but more on the 8, and so you need to refine what you mean by big upgrade. Yes, in the steve jobs era, they said they would not move from the different sizes of the phone, but they did that, so it is hard to imagine so many improvements on the cell phone, and i have had it for two years, and i dont think that i will get a new one, and the big thing that everybody wants a lot of times is the battery, and the better battery life, and this is sort of the bound by the laws of physics, so unless apple can make those breakthroughs, we wont see anything that big. And it is like, what else do i
Markets this morning, yesterday an upday. The nasdaq has seen seven straight positive sessions, the first time that happened since february of 2014. This morning we are flat as wall street awaits the jobs report. Overnight, in asia, take a look, youll see, yeah, asia was higher with japans nikkei up by almost half a percent. You saw gains of better than. 4 from the hang seng and the shanghai composite. In terms of what is happening in europe in the early hours, youll see right now things are up for most of the markets. The dax is up by half a percent. If you check out crude oil, yesterday, crude oil was higher, broke a fourday losing streak. This morning it is up another ten cents to 49. 26. The next fed meeting scheduled for june 14th and 15th. There is a small chance of a rate hike at that gathering, but the cme groups fed watch program tells us that the markets are now pricing in roughly 59 for the july fomc meeting. Well talk to says july or september. Hes sitting right there. He h
Updwrading its International Business class. Well get those details plus well talk about which stock in the sector hee likes now. I wonder if they charge bag fees for that International Business class. Jamie does want to talk about that. Meanwhile billionaires going to space. Elon musk and jeff bezos soungd off on their intergalactic goals. Musk says why his company will send people to mars even before nasa does. Plus, an exclusive interview. Were going to get his take on mergers, deals, ipos and Work Life Balances for their junior bankers. A lot to get to. Lets get to closing bell. With the down 25 points, joining us today, wasif latif, and brenda. Keith bliss from cuttonen company. Hes at the post 9 Stock Exchange and Rick Santelli checks in from chicago. Keith, we have the jobs number tomorrow. If its a strong number, do you believe the good news will be good news for your the stockmarket . I believe its stuck where it is right now. Were 34 points from the alltime high we achieved l