Egypt. So all the countries are part of this huge undertaking. But please allow me to be very clear. Peace in libya, either the tribes do this or no one is going to do this. No one is going to achieve this. The only way to reach peace is that the tribes finally accept that theyre going to go toward stabilization and peace. And our work is that of looking for this to favor all this at all levels so that this effort does indeed lead to peace the the diplomatic initiatives you are aware of. Theyre the ones that we are doing. And theyre the ones that the Foreign Ministers are also trying to support and to study. Obviously, this is not a job that starts in libya. I would like any Italian Journalist friends to understand that libya which we consider because theyre across from us. Theyre the main problem. But theyre part of the a more complex, greater problem that has to do with the risk of terrorist infiltrations in africa. We are feeling the pain for what happened at the university of carissa in kenya. This regards africa as a whole, as a continent. A few days ago we remembered that a year has gone by from when some 100 girls were kidnapped by koeboko haram. Remember the hashtag bring back our girls. This is a moral imperative for all of us. Therefore, the issue of libya is something that we have to place in a wider context. The Technical Solutions, our teams are looking at them every single day. Theyre obviously Technical Solutions in which there is a full awareness. The United States is next to the United States europe is next to the United States in a huge challenge that will bring the troops in our country to spend more months, more time in afghanistan, much more so than he had thought. Because if the coalition with the United States considers that the process has to continue well italy will do its part. Obviously, in terms of the Technical Solutions that i mentioned this is not something that has to do with political debates. It has to do with our technical teams, with their expertise. I have to be sure that i have priority and assurance from the United States that this is not something in which italy is working on its own. I can tell you that as far as we are concerned, the cooperation and the Work Together with you, both in the natural diplomatic way and in the constant work which is done every single day, which is a job which is done silently quietly in everyday life which takes us to her roeoism. Im thinking about the coast guards, the men and women that saved those people at sea that allowed a young women to give birth on the boat. She was dying and they saved two lives. At the same time we also have to be fully aware of the fact that the work we do together is a job that not only regards libya, but all of africa. I might say the whole world. And allow me to say this without taking the floor too long this is a job that we are doing everywhere from russia to latin america, afghanistan to the middle east. The cooperation and work which is done between the United States and italy is something out of discussion that cannot be discussed. We are consistently looking where terrorist threats might emanate. And libya obviously is an area of great concern. Isil has been very explicit about wanting to use the chaos inside of libya as a potential justification for putting some of their personnel there. And so the coordination with litly and some of our key partners is going to be very important. We will not be able to solve the problem just with a few drone strikes or a few military operations. You have a country that has been broken into a number of trible factions. We still have to guard against the use of the territories in libya as safe haven for terrorist operations. Much in the way weve done with respect to sewomalia for many years. To have a government that can control its own borders and work with us. Thats going to take some time. But we will combine Counter Terrorism efforts in cooperation with italy and other likeminded nations with a political effort and were going to have to encourage some of the countries inside of the gulf who have i think, influenced over the various factions inside of libya to be more cooperative themselves. In some cases, youve seen them fan the flames of military conflict rather than try to reduce them. With respect to russia mateo and i agree that we need imply imp implementation. Until weve seen full implementation of the minsk agreement. There will be a vote coming up this summer in the european council. And my expectation is not only lit ly italy, but all countries in europe will recognize that it will be a wrong message to send to reduce sanctions pressure on russia when their key implement implementation steps dont happen until the end of the year. At minimum, we have to maintain existing sanction levels until weve seen theyve carried out the steps theyre required to under the agreement. And one of the things that mateo and i share and i think the italian people and the American People share is a sense of values and principles. That sometimes override political expediency. Thats part of our dna. Thats part of our memories because of the history of both our countries. And, you know i think we have to be realistic and practical in how we look at a problem like ukraine. But we have to also recall that the reason there is a unified and prosperous europe is because enormous sackrifices were made on behalf of ideals and principles. And if those principles of territorial integrity and sovereignty start getting ignored, then that carries a cost for europe and for the world. Thank you very much. Thank you. The president and the italian Prime Minister wrapping up their joint News Conference in the east room of the white house, one which gave iran the issue of trade and greeces future top billing. And perhaps it was the comments from the italian Prime Minister renzi today that best reflect the sentiments weve seen in the markets and some of the nervouses. Renzi said i am confident of a greek deal but i am worries. That pretty much sums it up about why the markets are reacting the way they are, as we have one eye here and one eye on europe. Performance has been tremendous. Its off today quite a bit around this. Greece is clearly an acute issue. We put the default probability at 50 , not a big issue because most of the debt is held by the greek banks. We put an exit probability at 25 , which is a big issue, because of the symbolism behind it. I got you. I think the most important thing here though in the Real Investment story is transitioning from usaausterity to growth. My thanks to rob and michael block. Im going to step over and join mandy in just a minute. Power lunch begins now. As you can see, the markets are down big. The dow is down about 240 points right now. The nasdaq is falling about 71. The s p is down about 1 . You can see the etfs as well moving to the downside in tandem. The question is of course what has behind todays drop . Were going to explore that in great detail and examine whether this also presents the best buying opportunity in weeks. Well also looking hard at two big caps. Ge for one producing solid growth on the industrial side. It is the only dow 30 stock that has been higher for most of the day. Its also a really big win e. R. In month. And then there is disney. We have an analyst who says you might want to be ware of the mouse strap. We do begin with the big selloff on the street. Give us the run down. Good morning ran ging mandy. The important thing is a lit of china, a little bit of european worries. The hope had been that once europe closed there would be a little bit of a bounce. As you see, nothing. What weve got a basically flat lining here. I would say we have very heavy volume. Much heavier than recently. Weve already done 75 of the normal daily volume. You see some heavy volume here in some of the european etfs. There you see that drop. Its recovered a little bit. There were some headlines that s p might down grade russia if the economy deteriorates a bit. That may have been a factor there. But you see russia down as well. China another issue. Regulators issued a crack down on stock margin trading after the close in china. The china market is not reflecting that. But the etfs here to the downside about five . Really not a lot of moves. Lets head straight over to the nasdaq at times square. Bertha has been following the big moves there. Biggest movers today are the bio techs. Theyre the worst perform hers on the day. And one of the things to watch as well in terms of bio techs is coming off a huge week last year with 5 gains for the week. Theyre kind of dplatflat. Weve got a lot of catalysts next week and also some big cap earnings on the deck. Meantime youve also got the chips today that are down. They are the weeks worst performers following the low. In terms of the sector performance. Amd really is ground zero there for todays decline. But over all we havent been getting very good news out of the chip makers on their earnings. And mattel and seagate are the only things with strong earnings. Western digital going along for the ride. Certainly found the bright spots out there. Its been a really big week for oil. Crude is under pressure as we speak right now sitting at 56. Its down by 1. 2 . First, morgan give us some new numbers on the u. S. Rig count. Are we still dropping . We are still dropping. The latest numbers from bukker erbaker hughes shows that oil riggs declined to 734. That represents a slower pace than we saw last week when u. S. Oil rig count fell by 32. In terms of a year ago, u. S. Oil ribs are down 776. In other words were down by more than half. Again, taking a look at the baker hughes numbers, down by 26 for this week. Thank you so much. Lets get a check now on oil action. Trading is back on those latest rig numbers. What a week for oil. Jackie . Its been another wild ride. Actually prices just broke under the 56 level. When we do get those rig count decline numbers we usually see them supporting prices somewhat. But we have seen big moves to the upside so its not surprising to see some selling pressure here. We did hit yearly high this is week and also on track for five straight weeks of gains. We havent seen that since february of 2014. What was interesting is citys head of energy in europe making some comments saying there is still the potential that we could see prices go lower. We could have a rocky kind of a fourth quarter. We might just be trading in some ranges here. This is not the first that ive heard of that. City one of the most bearish on the street. We do have a little bit of a stronger dollar today seeing that correlation come back as well. Thank you so much. Lets take a look at the dow heat map. Only one stock in the green today. And its general electric. The Company Reported earnings this morning 6. 5 million shares of the stock just last week. Why are you convinced the stock isnt moving higher patrick . Well here at brandywine were a value firm. For us its all about the price we pay for a company that really determines it. It was up almost 10 i think on friday. Where we end up is not a lot of upside from there, maybe five or 10 more to go. When we look at the business we see downside risk. Part of the our concern was we looked ahead to earnings. Whats going to happen is they did a dramatic action last week announcing it. Was that foreshadowing bad earnings . Clearly not. One of the interesting things this morning was they expect their oil and gas business to be down less than 5 this year. Is that a realistic outcome . Im not sure. Aviation had a great quarter. They reaffirmed their Earnings Guidance, though . Yeah. Do you think you sold too soon . No i dont. You know were still below the price where we sold for the most part. I think they reaffirmed their Earnings Guidance but they were breszed ed pressed on the call. If their business is down more than 5 can they make that guidance . Im not sure it was an entirely convincing answer. I think thats really the controversy on the industrial side. Can they make their guidance if oil and gas business is down more than they expect . Whanchts whats a fair price for the stock . I think a fully valued price is probably 31. Again thats less than 10 upside. Today in the mid 27s. Thats not attractive enough for us as downside holders. Fairly balanced risk reward. Thats not the kind of thing that we really want to see at this point. I appreciable it very much. Were talk to you soon. Well, how much is a movie teaser worth. A couple of billion dollars for disney stock yesterday. When they released star wars the force awakens during power lunch yesterday. And there are five more episodes of the film as well. Its already up more than 30 year to date. So why maybe you should not get so excited. Thats coming up next. If youre looking for a car that drives you. But the mclass sees in your blind spot. Pulls you back into your lane. Even brakes all by itself. Its almost like it couldnt crash. Even if it tried. The 2015 mclass. See your authorized dealer for exceptional offers through mercedesbenz financial services. Theres some facts about seaworld wed like you to know. We dont collect killer whales from the wild. And havent for 35 years. With the hightest standard of animal care in the world, our whales are healthy. Theyre thriving. I wouldnt work here if they werent. And Government Research shows they live just as long as whales in the wild. Caring for these whales, we have a great responsibility to get that right. And we take it very seriously. Because we love them. And we know you love them too. 20 million views and counting for one of the most anticipated movie teasers in history. Star wars the force awakens. That small glimpse of whats to come is enough to send up disneys stock. David miller who has a hold rating on the stock. Thank you very much to both of you for joining us. David, i live in an old boy household. I get it. Star wars is big. Its a seminal event. Its bigger than anything out there right now. But at the same time i believe that fill. Is only about 11 of disneys over all revenues. Are we getting two caught up in the hype . Thats correct. We have a disney hold target of 99. Weve modeled out every film including star wars. Were modeling a 2 billion dollar global ultimate for star wars. Stocks already trading at 20 times that number. Right, okay. Youve got a hole and a price tag of 99. And nonetheless ive been speaking to a lot of over analysts about that. Do they say the same thing as david . I think the key thing here is that the reason why this stock went up yesterday because not because of what star wars will mean just to the movie studio at disney. Star wars was part of the 4 billion lucas film acquisition. Star wars is more than just a movie. Its a franchise. Its a piece of intellectual property that disney will expand. If the movie is a success, then disney will be able to potentially build a star wars theme park. It could expand the star wars brand in many new ways. It means that Consumer Products will be huge. It means theres potential to expand some of the smaller star wars characters to their own series on netflix the way it has the marvels daredevil character. So i think the potential is much bigger than just the movie studio itself. And thats whats reflected in the stock move yesterday. Even if it is so much bigger than a movie, is it big enough to move the nededle on the stock . Weve modeled out that long tail. Clearly this is not just a cultural seminal the event and its not just a film. Disney is the best out there at leveraging sbek leveraging intellectual property. Youve got to go back to be kind of the dotcom bubble to see that kind of valuation historical in the regime disneys been call it a revenue grower leverageable to Earnings Growth. 15 times 553 gets you to around 5 85 bucks a share. Stocks at 107. Its a little rich. Julia, before we let you go whats this were hearing at batman versus superman . Its like two good guy us going at it. Thats right its a huge movie. Batman versus super manman coming out next year. The trailer was leaked. Its in portuguese. Its not scheduled to premier in theaters until monday in imax three threeeaters. And game of thrones was leaked extensively before it hit the air on hbo next week. Nothing special these days. Now on the same day the star wars teaser is out. Hm. Very interesting. A sell off on the street today. All ten s p 500 groups lower. Financials leading the way to the downside. When we come back a list of eight stocks ready to drop. [ male announcer ] your love for trading never stops. So if you get a trade idea about, say organic food stocks schwab can help. With a trading specialist just a tap away. Whats on your mind lisa . Id like to talk about a trade idea. Lets hear it. [ male announcer ] see how schwab can help light a way forward. So you can make your move wherever you are. And start working on your next big idea. All right. The latest read on the economy showing inflation picking up again. What does this mean for the markets and how the fed may react. Steve has some up sight as he usually does. Now, you dont want to make too much of a 1 10th point upward. But it could be speaking volumes to the fed. Here are the details of the number this morning. Headline up 0. 2 . Look at the core. Up 0. 2 . Year on year that means its up a tenth to 1. 8 . Core inflation sticking up to a 1. 8 level. This should ease concerns at the fed that inflation will tick down in the coming months and strengthen the hands at the fed arguing to look through the recent price shocks to the economy. Chris at bank of tokyo says core cpi 1. 8 . Close enough to 2. Lets go fed. This does not fit the slow economy fears. Theyre pointing out that remember fed chair yellen said second support hikes even if inflation was below target. Barclays they see a little bit more possibility of fed hikes. Ticking up there three basis points on the day since the number came out to 34. That number is tillstill low, certainly relative to where the fed thinks its going to be. Fed theyre still going to wait. But some say its going to wash through. Others say we should be more careful. Make lockthey spoke too soon. We have not seen the stronger dollar and Lower Oil Prices show up in the core. Its a sea of red. A big sell off on the final trading day of the week the major averages posting their biggest stops of the month. I dont know exactly, b