Check out early trade, youll see green arrows. Major gainers looks like france up 1. 3 . Italy is also up by 1. 5 . Take a look at crude oil prices this morning, things down by 14 cents 47. 94. Fed speak holding attention. Patrick harker joined the chorus. He argued that a june data rate height. Who . Thats who he is, Patrick Harker. The fed meets june 14th and 15th. Harker not a voting fmoc member this year. So whether what he says matters, its a bit of debate. Do they care about the consensus around the taken. Whoa, that is thats marinelike. Yeah. Tight. I got sheared. Whoo summer thing. Acceexcept it rains every da. No, it doesnt. Saturday and sunday. Depending on which forecast youre looking at. Last week . Yeah. Its a little title. Did dealing with these things, well deal with it. Things could be worse. Hair loss is not the end of the world. You go short no, im just trying to figure out the right system. That is the only issue im not dealing with at this point. Yeah. This is like you know what, we should focus whos the guy with the hair system now . Guy sperling. Were like this. Theres a guy that im not only the president , im also a client. This has been a while. Not as front and center. The ads on tv are still totally bald guys on the before. And they totally have hair afterwards. And theyre swimming. Its real hair. I dont think it is, its systems, its anchoring part of the stuff, theres one hair left, they average tenchor it d. They glue it down. Im not sure. Toyota recalling 1. 6 million u. S. Vehicles for takata air bags that could rupture that would bring this to 4. 7 million vehicles. Recalls from other automakers are expected. Theres a website. If you do own an automobile, you should check it out. Also. We continue to follow the redstone drama at viacom. He may be targeting the board now. Paper says that redstone is looks for voyeurs who could figure out if the board has been mislead. This is all after a board member removed from the trust to figure out the media empire in view of his death. Shares of viacom theyre trading marginally well. Toll brothers earned 51 cents a share. Five cents better than expected. 1 million in line with forecasts. Sony out with the profit margin coming in short of estimates. That is partly because they had to halt production at some of its image plants last month because of earthquake damage. Iphone, a large part of that business. Wall street journal is reporting farrington capital is planning to launch a fight for board seats at chicos. Theyre going to do that by nominating two directors. Also, facebook is making changes in response to allegations of political bias. The social network will be revamping its trending topics featured to minimize the potential effects of individual influence. The company said the probe did not find any evidence of favoritism in favor of stories. This comes after Ceo Mark Zuckerberg met last week with conservatives in order to smooth things over. They compared this to stories running in the New York Times and the washington post, they found they were running the same stories with absolutely no bias. I think thats why theyre saying the individual impact is going to be they found theyre are youing the same stories as mainstream media. In no way did it ever favor one side or the other. Did you catch other sites like drudge reports and others were excluded in strange ways . Yeah. But did you actually see the physical documents . No. Theres a drudge facebook has this whole thing, to actually go through which publications and how they did it. I have no doubt. Just on the algorithm itself, not on the individual . Right. I are no doubt it wouldnt be a lot for me to this might explain why you dont spend too much time on facebook . Exactly right. I saw something the other day about facebook, it was a president bush that people were having because of it. Im like, you know i have other problems. The time spent on facebooks i never notice the trending topics. Youre not a big facebook im not huge. When i do, i check out to see friends and what theyve been up to pipe dont care what the news is. Snapchat reportedly valid at 22 billion. Theyre looking to raise 200 million. The last funding valued snapchat at 16 billion. Speaking of snapchat, we have an update on the two climbers that we spoke with last week. These are the two gentlemen snapchating their attempt to reach the summit of mt. Everest. The one reached overnight. The other had to turn back because of extreme cold. Both are now on their way down the mountain. Its been a deadly season on the worlds highest peak, nearly 400 people have reached the summit. Six died just last week. Three of them because of altitude sickness. Ive been snapping, by the way. Youve been snapchating . Yeah. I just started getting into the last week and a half. You dont snapchat to a specific person, you just nebulously no, you can do it two ways. I can snap you to send you a little thing. Dont. I could do that. But dont. You want to storifstorify, t it part of a story. Like a time line. Anybody that follows you if they were for follow me on snapchat, im so new to it. How many followers do you have . Dozens. Do you . Yes. Lets talk markets this morning, weve got a lot going on. Its political season, we have a very loyal the best viewers. The best viewers. Most well heal eed smartest viewers. As far as Business Needs go. So, splitting up a small problem, weve got by far the largest percentage of that. I would not dissuade you. And make a lot of money, too. Absolutely. A lost money. And dow jones up by 48 points. Nasdaq up 13. 5 points. And s p looking higherer 6 points higher. Lets tell you mats going on with the tenyear right now. 1. 839. Ive got to tell you guys, i looked at an apartment the other day. Do you know you can get a jumbo mortgage these days for 3 . Do you believe 3 down . Not 3 down. Oh, 3 interest great. Yeah, 3 Interest Rate which is kind of crazy. Okay. I just happened to see something. Oh, this is really interesting maybe we should do this. Were not going to get it because i think its going to go for way over the asked little poor me cant do it. Okay. What is the ask . What is the ask . I tried looking into how much the mortgage would be. I want to know what the ask is . Because i wouldnt unless i was thinking about it, i wouldnt even go look. So you must some thought about it. No, no, i was told about the place. We happened to be near this. We looked. The wheels are in your head, how much is the mortgage cost. Will you answer one question . Probably not. What is the question . Is it eight figures or below eight figures . Oh, come on. Below eight figures. Sorkin. Hes mr. New york. Barely 9. 9. Problem is under eight figures all you do is get a closet. I look at places in new york. I see pictures, and i look at them and i go, you know, its a nice looking room. Like 11 million. Or Something Like. Seems okay. Its soho. Its like got, you know, a dining room table. This is the problem. This is the problem. This is the problem. Well, you werent doing this for an investment . No i thought this could be interesting. What was interesting to me that you could get a mortgage that low. 3. 25 is what most of them are going for. I just refied at 3 . 2. 99. 30 years . 15 years. To go one other way, would robert frank be interested in doing a report on this place youre looking at . If you did a renovation toilet. To it. If you did a renovation to it. Would you be buying it from one guy who is the real estate guy . For dolly. No, this was not we got to talk Real Estate Markets. Adele is coming on. We can ask him i think Residential Real Estate in new york might be going down this might not be the best time. Jeffrey salinger is with us. He said many investors think investment is in a bubble. And Senior Market analyst at voyage analysts. Jeff, im going to start with you, this is a note with the title patience young grasshopper. What are you trying to say, this is a series of emails that were sent to you . Well, weve been exercising the rarest commodity on wall street which is patience. We shoved a lot of chips out on the table. Actually, i was on your show friday before the market bottomed. Becky asked me what the market was saying, and the said were going to bottom the next week. Weve had a pretty good run but when the s p failed to trade out 00 to an alltime high like its brethren five or six weeks our mold had a polarity flip. Times was about right but the projection on the model was 1990 to 2000. Weve done it in terms of time but not price. So were exercising patience here. Patience means sitting on your mans versus what . What are you doing . Exactly right. Sitting on our hands. Karen, are you sitting on your hands . No, i think theres opportunities in the market. That could be Second Quarter when we get the Earnings Reports. It could be Third Quarter but it will happen. In the meantime, you dont know when the market is going to run. Never sit on my hands. Always have money to work. And i think the market is definitely areas where theres opportunities. How much are you guys thinking about the fed . How much is that a cloud or overhang for everything . Or are you trying to see past that at this point, or can you see past that . I think people are thinking too much about the felds and trying to read tea leaves. The fed is not the wizard of oz. Theyre not going to change everything. I think the fed wants to raise Interest Rates. I dont think they probably will in june. Weve seen this game before. We saw that last september. The market was ready, and then they didnt raise rates. So, i think we could see a rate raise this year, but i dont think its june. I want to ask you guys both about this. If you saw this in the wall street journal, oil trips hedge fund star. This is a particular about carl bass who has been a guest on our show. But oil for the investment community, where are you guys on oil, both of you . Jeff . Our energy team out in houston made the negative call with crude oil above 100. Two months ago i talked to marshal adkins, the head of that business unit, he said his model, pricing model was more bullish than it had been in four years and that was with oil under 30 a barrel. He called the top. He call the bottom. We think the oil trade is higher. Were going to leave the conversation there. Well thank both of you, jeff and karyn, thanks again. Coming up, zika, the threat is rising. The presence of the virus has been detected in lap tests for more than 250 women pregnant in the u. S. And mosquito season will make things even worse. Were going to cut that heavy product from the American Health policy institute and tell you which bug sprays are most effective in repelling mosquitos. Show me movies with romance. Show me more like this. Show me previously watched. Whats recommended for me. X1 makes it easy to find what you love. Call or go online and switch to x1. Only with xfinity. Reported cases of zika span more than 60 countries now and cases in the u. S. In both the states and characters have capped 1300. The last line of defense for most people is bug spray. Consumer reports has an update on which repellents perform well and which ones dont. I never thought of you, meg, as a Consumer Reportstype reporter. But it matters now. Yes, it does. People worry about zika agenas the months get warmer. You can see the distribution fairly far north. Right now, its important to note we do have not mosquito borne transmission of mosquitos in the United States. Consumer reports updated its list of the best bug sprays to protect you from specifically the 80s mosquito. They also look at the mosquito that carries west nile and we have that here in new york as well. They all right put out a report on bug sprays. What they really looked at are natural bug sprays. A lot of people are interested particularly pregnant women have a lot more to be concerned about when it comes to zika. There is one mosquito natural repellent that gave seven or eight hours. Its this one, lemon and eucalyptus. I went to rei yesterday and got it for myself. It actually smelling pretty good. They had people put their arms in mosquitos and count the number of mosquitos. This is not for kids 3 years old. Apparently it can cause skin rash. Is that an issue for pregnant women, though . Its not supposed to. You should probe test it out on a small area of skin. Thats one thing they do say. In terms. Best performers in the test, sawyer, a chemical. Is this not deet either. This is deet. This is the second best performing. Thats amazing deet performs less well than pacaretin. Deet has been around since the mid50s. Precaretin performed well. Sawyer, and bens and repel with eucalyptus. If you want to make this investable, the third one. Can i ask a question, you showed a map, there are certain states most of which are red a handful are green. What does the green represent . Those are travel assisted cases in the u. S. The red states are states that travelers have gone having zika. This is the only state in america where there has not been a case of a traveling zika . Thats right. Its more that travelers are returning less frequently from states with zika. It could look like the election map. Which side . Which side . Red states versus which would be yours of all time. Red is one of my favorite colors. Thank you. Thank you. Health officials are counting on government funding to help contain the spread of zika. Joining us right now is American Health policy and former hhs secretary tubby troy. Thank you for being here. Obviously, meg laid out a lot of concerns. This is manage thats starting to pop up in america particularly for someone who is pregnant for the likelihood of having mosquito borne illnesses. 3 of the population might be in area where is you could have this eides type mosquito. What does that mean should i not be going out of the house . Well, actually, the reason the information is different is because we dont really know. This is somewhat uncharted waters. We dont know exactly where its going to land. There are certainly indications in the u. S. , and we already have trialrelated cases in the u. S. As we discussed. But if you are in an area and you do find that there are zika bearing mosquitos in that area, you should definitely wear repellant. I was recently in the Dominican Republic can with my kids and we all wore zika repealing bracelets. Its not that hard to do. Its something that people should undertake. I guess the question becomes are we going to know if its a dangerous area or not . How set up are we, across the United States, to snow instantaneously that are there are mosquitos transmitting zika . Are we going to hear about it or just find out that there are babies born with microcephaly . We certainly want to know before. In case, obviously, if somebody is pregnant, then also a disease that is sexually transmiss only for males for up to six months. These are some issues were looking at cdc is looking into this, making sure they have the Information Available to get out to people and they do haven aactive website where they share this information. How confident are you if there were mosquitos transmitting zika, how quickly would we find out about it . Im assuming im living in a safe place, how quickly would we find out if there were mosquitos transmitting it . I would know better if i was ainside government. But generally, my confidence level in the officials at the cdc is pretty high. I want to ask you about the funding battle. The Senate Passed a bill, president obama asked for 1. 9 billion. And when we have these emergency outbreak type situations do you think thats ma we need to do here, should we give more money to barta or other existing agencies . How do you avoid this happening to get congress agree on something every time you have to fund an emergency situation . I think theres two things going on. First of all when there is an emergency situation, we do need some congressional funding. I agree we have concerns that have prefunding. Things like project bio shield that is supposed to create Counter Measures in advance. I think one of the things that ron claman is getting at is this coordination where its at. We need better coordination with somebody who is in charge that the government can look to. At one point, we were talking about flu, we can asked if this happens who should be in charge, i looked at the chairman of Homeland Security and the other and said which is in charge, and there was a lack of clarity at that point. Obviously theres funding that happens in advance for preparation things but when there is a crisis there needs to be a better mechanism. The house and the senate and white house really arent that far apart. There are a couple issues there. Obviously, the white house wants the larger amount. The senate is looking at a bipartisan compromise which sounds good to me. The other issues related in addition to the funding is the issue of how open ended the funding. And do you take money from somewhere else to pay for this. Obviously, still an ongoing issue. We appreciate your time today. Thank you for joining us. Thanks for having me. Fascinating. I dont know about getting the bracelet. I saw those at rei yesterday. Are those effective. Consumer reports cant look at the bracelet. I think it would be more of an augmented thing rather than the only thing. Coming up, safety concerns for americas muscle cars. Phil lebeau has the details on the crash results. Were doing Consumer Reports across the board. As you head to the break, take a look at the s ps winners and losers. Real is touching a ray. Amazing is moving like one. Real is making new friends. Amazing is getting this close. Real is an animal rescue. Amazing is over twentyseven thousand of them. There is only one place where real and amazing live. Seaworld. Real. Amazing singing you wouldnt haul a load without checking your clearance. So why would you invest without checking brokercheck . Check your broker with brokercheck. Its more than a nits reliable uptime. And multilayered security. Its how you stay connected to each other and to your customers. 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