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CNBC Power Lunch May 5, 2015

Rise again. Should you lock in your rate right now . We begin with what we told you about. Crude is soring and we are currently at 3 . And its in the past month alone. Everyone wants to know. Hey there, jackie. I will start with the question and i will answer it right there. We are over 60 today. Traders are telling me they think i could go to 65 by memorial day. That is because we made the run for 60. There has been a lot of resistance and geopolitical events are taking us over the edge. There was closure of a port in libya by protesters and we have seen skirmishes for sometime. People are focusing on saudi arabia and the situation in yemen as well. Geopolitics was the one thing we said could bring us higher despite the fact that we have a global oversupply situation. Right now traders are shrugging that off for the most part. You have a weaker dollar and that is adding support as well. I will say this. In terms of prices at the pump this is not a good thing for consumers. 2. 63 is th ....

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Bill Ackman's Wealth Hits $8 Billion on Vision of Supersized Pershing

(Bloomberg) A group of investors betting Bill Ackman can massively scale his asset manager, Pershing Square Capital Management, have catapulted the hedge fund manager to the ranks of the world’s richest. Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across USAMLO Protege She ....

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