June off the table. When will we know . When when when . You can tell us. You can whitsper in my ear. A huge halle. The dow having their best oneday gain since march 30th. They had their best day since march 16th and a handful of points away from the all time closing high of 21. 17. Lets get more on the trading action. Stationed at the nasdaq and first down to you, bob pisani on the floor where you can always hear the roar the boom out of the gate with stock this is morning. What they want is volume. We are not getting strong volume, but its decent. Lets take a look at the advance. 41 declining and nine of the ten are up more than 10 . Thats broad. Doesnt get bigger or broader than that. The push lower this week was led by the fears of higher Interest Rates. Thats abated a little bit. Interest ratesensitive groups are doing very well. They benefit the Public Storage and all of them up are two, three, even up 4 . Whats under performing if you get a flatter yield curve, regional banks do better on steeper yield curve are under performing. All under performing the overall market. The problem here is we are trying to break out and not knocking on the door. Because of the weeks high and yet the markets cant really break out due to the weak economy. Thats the issue thats the best thing. The markets cant knock them down and yet you cant break out to new highs at the same time. Believe me, you will hear screaming on the street. If we close anywhere at that level today. Thats a decisive break out. Screaming on the street. I will hold you to that one. Bertha coombs following the big levels. I dont know if im ready for that. We are not seeing a screaming high on the nasdaq but its pretty much where it was last friday. Biotech is very strong. The nasdaq at the moment is one point below where it ended. The big caps continue to be a drag and are positive. It is the second weekly decline and after it put in a high at the end of february with the earnings. Not with standing the fact that the Swiss National bank and the 13 filing upped their stake in apple. A number of big caps that are dragging things down in terms of earnings. 8 decline for monster. Disappointing on the outlook. Also the health it firm and among the gainer trip adviser better than expected. Despite the fact that the strong dollar is something that they maintained their guidance. Everybody else said no. They have an 840 million deal. A 5 billion buy back helping to boost biotechs. They are among the strongest performers. Bo jangles is a chicken and biscuits biscuits. Tyler, so far i have resisted going upstairs for a biscuit. Hang in there. We will go to dominic for a news alert from the oil patch. If its friday it must be baker hughes count. Headline numbers, u. S. Oil rig counts. Down 11 to 668 total rigs. Down 11 rigs to 668 total use rigs. It appears the decline is starting to slow although it is a dikline. The total count is down 11 to 894. That means that gas rigs down to 221. Miscellaneous rigs up to five. The canadian count is down four to 75 rigs. The headline for u. S. Oil rigs is down 11 to 668 total u. S. Oil rigs. That is the headline number. A rapid update on the economy. An interesting day. Pretty good jobs numbers. That was for the month of april. March wholesale making it more negative than before. Lets look at the rapid up site survey of 10 economists. What we see is we are down 0. 5 . Falling another 3 10 of one point. This started out in february. The first were like 2. 9 on thes to 55 side. Gdp has amazingly disappeared for the first quarter. We are tracking it and we are Still Believes in the q2 track. They bounced back and up 2. 7 is the estimate. Some at 4 and some at 0. 8. Amhurst and Steven Stanley over there along with the optimistic at 4 . Goldman in the middle. Morgan stanley towards the lower end. We are now for the first time incorporating the atlanta get tracking estimate. Just some of the commentary on where the jobs are. You can see we did 862,000. That told us along with the sector that we did have a weather effect and a bounce back. Pantheon said they rule out a june hike and that is still hike. At the september meeting, it remains a close call. John waynes voting president on monday. Thats a madonna microphone going on there. Thats what goldman said. Thats another. What does the fed funds market say about that . They are rapidly getting rid of any thought of a second hike. Take a look at the december 15th. This is the tail of the tape. Look at that. Back in september of 2014 up there, we were at 75 basis points. Thats three hikes. By the time the first part of the year rolled around we got rid of the third and now we are rapidly getting rid of the second one at 31 basis points. About a 25 basis points plus six. The second hike is almost vanishing to zero and one rate hike is being priced in. Steve liesman. We need to upgrade to the madonna microphones. We can dance around as we talk about stocks. Is this the report that finally tips the feds hand . We have the markets contributor with oneal securities down at the nyse. Last time you were on with me you would not be surprised if they did not pull the trigger at all. If you changed your view on that, have you brought it forward . As steve pointed out the second rate hike left the building and as one of my friends said certainty left the building as well. The downward revision to both first and Second Quarter gdp estimates leave the feed where inflation is certainly there and they dont have a real reason to pull the trigger. Sooner rather than later. I was reading your report and they said thats the canary in the coal mine. That came in light. Lower than expected. I think that reiterates that whole stance. It pushes the rate hike out until probably november or december. I dont think anything is happening in september. I think thats what the market is telling you. Its rallying and teasing with all time highs and not enough to push us up and through and feels like it will stall and churn and back off before it attempts one more time next week to push up and through. One of the interesting things i have been hearing is this massive trading unwind that we have seen where german bond rates have gone up. This may have been a risk off a trade that came in the last couple of weeks. Big on winding a very, very heavily played position. Do we wind it up . They are forecasting a stronger dollar and lower rates and a better stock market. We may have had this rolling correction in oil and gold and the dollar but we may get back to what has been a much more normal cycle. Thats out on the floor, kenny . Thats true. I think that investors and traders were looking for a reason for unloegd. That was what you saw on wednesday. I dont think people panicked about it but they were looking for a reason to reallocate it. Thats what you got. The market feels okay, but it feels a little bit tired. It will challenge it one more time. I dont think we will get to the screaming on the streets that bob was talking about a moment ago . Well i think it was stuck right here. We have been stuck at the twentyone15 level. It seems to be the last closing high. We wont get that today. I dont think i could cope can screaming on the streets. Signifying nothing. A lot of choppiness and cant break out either way. Have a good weekend. Ron insana and tyler, over to you. Numbers out on samestore sales from mcdonalds getting a nice bounce today for a change. The worlds biggest burger chain reporting better than expected sales for april. Whats fueling it . Courtney reagan is fueling it. Thats right. I do eat at mcdonalds every now and then. Earlier mcdonalds ceo did warn them that sales would reflect weakness and it wasnt as bad as some had feared. Mcdonalds reports sales at global locations open at least 13 months to 0. 6 . The best this year, wall street was expecting a decline three times as bad. The fast food giants fell 2. 3 in line with consensus. The golden arches point to activity and negative traffic. The sales fell 4 in the middle east and africa region and down by weakness in japan. The one bright spot europe. Other economic concerns for the region and consumers are craving the big macs. They increased by a percentage in germany. Offsetting weakness in france and russia. The best food chain promoting the options in europe citing economic head winds and saying they are doing well for them in that region. Amend, over to you. The Postal Service reporting a big loss but there is optimistic signs for the struggling agency. Live at a processing facility in queens, new york. Morgan . Hi, mandy. This machine when its operating can process 600 packages an hour. We will tell you about all of the ways the u. S. Is trying to deliver a profit. When power lunch returns. Me shallow. But, i have a wandering eye. I mean, come on. National gives me the control to choose any car in the aisle i want. I could choose you. Or i could choose her if i like her more. And i do. Oh, the silent treatment. Real mature. So you wanna get out of here . Go national. Go like a pro. At chase, we celebrate Small Businesses every day through programs like mission main street grants. Last years grant recipients are achieving amazing things. Carving a name for myself and creating local jobs. Creating more programs for these little bookworms. Bringing a taste of louisiana to the world. At chase, were proud to support our grant recipients and Small Businesses like yours. So you can take the next big step. Most shares ever plunging. Profits of the Energy Drinks are missing the mark. Monster suffering from the end of third partnerships but despite the big drop at 9 the stock is up about 20 this year. Nokia getting a pop. Getting an offer of as much as 3 billion from uber for the Mapping Service last month. Nokia said it was considering a sale of that unit. Stock is down 12 and today it is up by 3. 4 . As shares are soaring by 9. 5 rejecting the take over from monsanto saying the offer under values the chemicals maker. Monsanto is up by 2. 2 . Hoping the stocks soar by more than 30 so far this year. Ty . The Postal Service reporting steep losses but it was a narrower loss than last year by an increase in shipping or package volume. They have been suffering a decline in the mail business for years. So can shipping packages be the answer to the uspss problems. Morgan brennan joins us from a processing facility in queens new york. Hi tyler, while the usps is struggling in first class volumes as well as mandated retiring health care funding, there is a bright spot. It is packaged deliveries. In the last quarter, shipping and package volumes increased 14 , highlighting a fast growing business as e commerce continues to surge and one that is investing billions in. There is a growing list of initiative that is the usps is growing out to boost the business. From sameday delivery to increase in sorting capacity. One of the projects that is under way is mail boxes. The usps is testing bigger boxes that can fit packages. This is a trial taking place in a handful of rural and urban markets. We took the data and calculated out about an 85 of the packages what would the size of the box look like. We designed a box similar to the boxes that you see, but larger. The motivation here could mean fewer unsuccessful delivery attempts that would cut down on resources. It makes a better place and the reaction to these mail boxes has been positive. As you mentioned at the top with a net loss with the last quarter alone. That was not funded with taxpayer money and has a long way to go to deliver profit. Back over to you. Morgan brennan. A big rally on the street. Three stocks riding the recent momentum. Should you be buying them . Prince harry giving 007 a bit of a run for his money. And from a helicopter, wielding an assault rifle, his stint with the aussie army. You have got to see this. Boys . Stop less. Go more. The passat tdi clean diesel with up to 814 hwy miles per tank. Just one reason volkswagen is the 1 selling diesel car brand in america. Lets take a look at your credit. I know i have a 786 fico score, thanks to all the tools and help on experian. Com. So how are we going to sweeten this deal . Floor mats. Clear coats. Youre getting warmer. Leather seats. And this. My wife bought me that. Get your credit swagger on. Become a member of experian credit tracker and find out your fico score powered by experian. Fico scores are used in 90 of credit decisions. On the heels of the conservatives big win. Gains overseas. You have france here up almost 2. 5 . Up 2. 33 . The pound to 1. 54. Around as a prince and making lots and lots of money. Take britains prince harry, one of the richest young men in the country and indeed the world, he is down and dirty down under doing special military training. Lets take a look. Who said its all glory for the royals. Prince harry left the palace. He is on special maneuvers with the british army in australia. Here he is at target practice. Harry is piloting one of the black boxes, practicing flying into enemy territory. He was in the special regimen Selection Course conducting exercises from the troops and british armies. There he is in robotics school. Blowing up a suspicious package. In a diving exercise before running through a gauntlet in a rescue drill. Finally we see him jumping for a helicopter and the shooing his way through an obstacle course. Good for harry. They are up about 5 and 1188 an ounce. Other metals silver copper palaid yam and copper is down just a tiny bit. Other metals up a bit as you see right there. The number of stocks hitting new all time highs in this big rally, mastercard trading at an all time high since may of 2006 broad com not seen since january 2011. Vulcan and martin marietta. Not seeing this level since july of 07. Rubber at levels not seen since may of 08 and black and decker at all time highs since the completed merger of Stanley Works and black and decker at march of 2010. To the bond reporter rick . Hi, tyler. If you look at a 24hour chart, you get a certain view. That obviously rates one down whether it was the number or combination of factors. When you pair it up you get a different look. Especially when you notice that we hit 2. 30 almost 2. 31 briefly. At the end of the day, we are unchanged. Yes, unchanged on the week. We settle at 2. 11 last week. A lot of zigging and zagging, but unchanged. Hirtyear bond yields are elevated where twos and fives are lower. A minor bit of steepening going on. If we look from midfebruary you get a look at what technicians were dealing with. We settle in march and the day before yesterday. The big numbers are behind us. We should see yields drop a bit. We had 29 sessions that closed between 186 and 199. The real test is if we hold it to a percent level. On february on the dollar index, many say if it was about the fed today, why havent they moved more and it is unchanged. They take a wider view like the february chart, they are matching the performance of the market giving the timing of when the Market Investors believe the tightening may occur. Mandy . Back to you and have a great weekend. I will. I will do a lot of zigging and zagging. Rick santelli with the uncertainty that we have seen in the markets. On the upswing this month over the past few days. Which stocks are riding the moment up upwards . Dominic knows. This is a name you may know, but we dont often talk about it. We will reveal that name coming up after the break. Blap for protecting my future. Thank you for being my hero and my dad. Military families are thankful for many things. The legacy of usaa Auto Insurance could be one of them. Our worldclass service earned usaa the top spot in a study of the most recommended Large Companies in america. If youre current or former military or their family, see if youre eligible to get an Auto Insurance quote. Hello, everyone. Im sue herera. A 2013 law sought to fix the worst Government Employee pension crisis by reducing cost. The ruling forces the state to find a way to overcome a massive budget sev deficit and some of that traded lower on the news. Two of the nations biggest banks agreed to erase certain debts and the move by bank of america and Jpmorgan Chase could provide relief to more than a million americans. Tom brady speaking out about deflategate, sort of. The quarterback had a previously scheduled appearance to speak at Salem State University and hosted by sportscaster jim gray. I dont have really any reaction to our comment on it yesterday. Its only 30 hours so i havent had much time to digest it fully. When i do i will let you know how i feel about it. Emma is back. After slipping from the top of the most popular girls names list six years ago its returned in 2014. Emma was followed by olivia sofia, isabella and ava. Top boys names. Noah for the second year followed boy liane, mason, jacob and william from the Social Security administration that trams it because kids get a Social Security card. Thats your update. Back to you. The job numbers are out and the market is up. In case you had not noticed. If the fed pushes back rate hikes and stocks go higher where should you buy in now . Dominic has ideas. I know where people have been putting the bets as the market bottomed. Maybe this is a proxy for what happened. The s p 500 hit that bottom fiveday losing streak at the end of april and now we have taken it higher. If you look at where the strength has been, one group that is getting a lot of attention is the Home Builders. Not just Home Builders but the stocks that go along with them. Home improvement and furnishings. The broader Home Improvement and home selling trade. A nice move higher up about 3. 5 almost 4 this month alone. Heres the interesting part. You take a look at the stocks that have shown the most strength overall during this run higher. Home builders related. You go beyond the etf that tracks them. You look at the stocks. Whirlpool. They did get an analyst commentary at rbc. They sell washing machines and home appliances. Thats part of the trade. This is just this month up about 2. 5 . Lowes, the Home Improvement retailing. You think fix up your yard and all that improvement activity. Lows perhaps a beneficiary here. Which is interesting, interday showing strength here. These are all