Cfo to talk about competition from google and airbnb. First our lead microsoft is considering an investment in uber at a valuation of about 50 billion, but a final decision has not been made. Microsoft declined to comment but, uber recently bought a portion of Microsofts Bing mapping unit from the Software Giant and they are integrating uber into cortanas Voice Control assistant, which means you can sync with microsoft devices. Christina bass is on the phone. With me in the studio is hunter walk, who will be my guest host for the show today. Also, Technalysis Research founder bob odonnell and crawford del prete. Thank you for joining us. Dina, i will start with you because the wall street journal is reporting this deal is closed. You say a deal is not done yet. What is really happening . Dina i was told definitively microsoft has not participated in a round, has not made an investment but rather they are considering an investment. There are discussions ongoing and evaluation would be a
Form including islamist terrorism. What we try tried to do in this committee is through this hearing process layout a reality. I come from a manufacturing background. Salt a lot of problems. The only way to solve a problem is first admit you have one properly define it, properly describe it, gather the information and admit to the reality. There is no way anybody can deny we have a problem worldwide in terms of extremism and violence. We witness it just a few hours ago on a practice field for a Charity Baseball event. Let me acknowledge first of all our prayers are with those victims, congressman scalise, the staff member and the two members of the capitol Hill Security team that were worded and even having been wounded they continue to to return fire and prevented a far greater tragedy. The appreciation we owe to the men and women in Public Safety that every day they step out of the threshold of their door they literally put their lives on the line. They demonstrated it again this mor
Jim, josh brown, stephanie link, John Najarian and onset is kate moore, chief equity strategist at blackrock. You know what, kate, im going to do you first. We were going to start off talking about the momentum names which really have had a comeback of late. But as we approach 20,000 on the dow what are your thoughts on where we are in the market . I think were in a good place in the market. Not just because imen equity strategist but equities are the place to be in 2017 and that were getting greater recognition that the improvements and business sentiment, improvements in Consumer Confidence are well founded. I thought the jobs report today and average Hourly Earnings were pushing us in that right direction. I feel pretty good about both Economic Growth and the Market Movement in 2017. You guys pretty much share those sentiments or as we start to get towards 20,000 do you think about lightening up rather than buying more. Im encouraged that youre seeing a rotation and a broadening out
Amerisource is down. Where do we begin . Trexon okay. As far as esrx that john was talking about here on the show yesterday, i bought put spreads in there. Didnt think it would pay off is this fast. That stock along with mchessen just getting clocked. Express scripps, cvs getting hit hard. I think any of the folks that have that massive exposure in pbm, thats where the pain is. Anything drug price related getting taken outside. Well, i mean, you know, you have this week, of course, obama care and the fact that its going to be going up by at least 25 if theyre telling us 25 next year, you can bet, jim, its going to be 40 or 50 . A lot of these guys are rice in the crosshairs. Exactly what john was talking about yesterday. Instead of transparency, there are a couple in this space that do have transparency, but a bunch of them, rather than transparency, to us the consumers, are instead just gouging the heck out of the Insurance Companies where. What do you do with the stock . What do you
That we saw yesterday, increasing concerns about whether or not the fed is going to raise rates in june. Does the fed threat then rally . I dont think. So im not going to speculate on when theyre going to raise rates. The bottom line is you know theyre going to raise rates. It could be june or september, next year. What the real important question is what are you doing in the fixed income market if the feds raise rates you . Know theyre going to go up. Its just a matter of time. And i get very, very concerned about the 3. 5 trillion that is sitting in fixed income mutual funds as i look forward into a higher rate environment. They could be potentially at risk. Talk to me about stocks. Do you do anything differently with your stock portfolio . No, not at all. If you look at the market, i think the market is in great shape here. Reminds me of 1982 to 2000 market where it was up each and every year. Except for 1990 when down. 5 . One thing that you have to look at this market is theres no