T. J. Maxx as well, they are not all retailers having problems, both Companies Reporting better than expected results. Not only home depot which was rising on expectations but we have also got unexpectedly good news out of her when the ceo and cfo were buying shares but they were buying shares convinced that it would be a very good travel season. At all of that up and you can understand why the Federal Reserve in San Francisco also, John Williams indicating he could see two or three rate hikes this year and all of a sudden a gimmick that we were not going to see any rate hikes changed. Today. That is the sentiment today. 45 points. There is Something Else going on, kentucky and Oregon Holding their primaries. The republican race is settled but the democratic one even though it looks settled is far from resolved. Amicable relations between the two premier candidates. What is at stake for each . Hillary clinton and Bernie Sanders . You hear from a lot of Bernie Sanders supporters who say we can still win it. I am fairly good with numbers and i dont know, there is a technical way to thread that needle but man oh man they would have to pile on 90 wins in the remaining contests. Math is hard but not that hard. It is virtually impossible beyond the hail mary play, if he thinks he is going to win this in any way, shape or form, winning 90 of the delegates remaining, persuading superdelegates to switch sides, dont know why he thinks he can do that after trashing them this entire season, it is over and the question is how painful does he want to make it for Hillary Clinton on his way out. I think he can negotiate a strong democratic convention, he can negotiate and should negotiate a role for himself on the Party Platform but what else does he want and how painful does he want to make it . I argue he wants to see donald trump, he should realize it is not impossible to predict, he will not be the nominee. He should pack it up and go home. Neil one of the arguments for sanders staying in the race, she could fold, she could get indicted. What do you think . It is a good argument for that. I dont know about breeding off of the story these days from expert saying it is not prosecuteable or to present a pattern as a criminal and she is going to walk away. We really dont know, there could be an indictment, something released, a report that is politically damaging and i think sanders winning 1210 in the last 12 contests is still getting 30,000 people at events like last week, believes he would have to be the stand in for hillary should there be a big emergency and she has to step away from the nomination and that is why he is stepping in. He is losing money and had to cut staff but he has momentum and he is keeping his supporters buoyed. He is never going to say it but neil on how it looks when Hillary Clinton and their surrogates put out possible vp lists, just me saying this so it is a moot point. Why cant they just throw Bernie Sanders on that list of potential running mates to flatter the guy, make them think we are so impressed with what you have done we are going to include you on that list . Everyone else is on it but i always begin to wonder whether when you see someone like Elizabeth Warren and all these others who galvanize the same passion before Bernie Sanders, does that hurt . He is not on the list because he is a thorn in her side. Neil i acknowledge that. Told you it was a kooky idea, but i think it hurts the sanders folkss feelings to say you mean the guy brought all this passion out and you are not even thinking of him as a potential running mate . The highlight here the fundamental problem with a Sanders Clinton dynamic, how do they unify all these voters . Would it require putting sanders on the vp list . What does it require to bring the sanders voters in . Unlike 2008 when there was a divide between clinton and obama, this year it may be more difficult to have that quick and relatively easy unification we saw in 2008 it could be harder this time because there are fundamental differences between the two campaigns and their philosophies. As much as she tried to skew herself to the left. Neil i think they hate each other. Not to the degree that some fear they cant patch this up, but i can remember a lot of Hillary Clinton backers eight years ago when they realized she wasnt going to win, some got very upset. They didnt go along with it but in the end she showed a great deal of class and was very magnanimous, do you picture Bernie Sanders doing Something Like that if it comes to that . I dont know because his entire record in the senate is not a record of a team player. It is up to him, what he wants to signal to his supporters. If he says we thought this fair and square, more people voted for her, we could try again in four to eight years but right now neil he is already at 112. Whether Elizabeth Warren or somebody else, it is up to him to demonstrate that kind of grace for lack of a better word. If he is serious about defeating donald trump he should pack up what is now a vanity project. I was not supporting either of them in the primary, when the mass became clear to me that it is everybody else i understand the reality. He has got to get out. Neil it works both ways. Sanders folks are forever scratching their head, they have the superdelegate thing, everyone knew the rules but in state after state that he has won when you factor the superdelegates the best he can draw is a draw. They win and all of a sudden they have to split the delegates or even lose delegates. They are frustrated by that and they dont see Hillary Clinton acknowledging that. Hillary clinton has the big popular vote lead, he has lately got the momentum but little delegatewise to show for it. A totally different system on the republican side, the rnc changed the rules to rig the system in favor of the front runner. It was rigged in Donald Trumps favor, not against them so the front runner could clean up sooner and become the nominee sooner. In the case of democratic side it is proportional so it is a slow frustratings loss. Neil that means donald trump has more delegates than the popular vote. Very interesting. If you look at unification, julie is right, susan said there are policy differences between sanders and hillary that were not there or as a parent or as significant between obama and hillary but she has president ial ambitions, she has to be mrs. Party unity because she had a future. Sanders just joined. Look, he could come out and be an enthusiastic campaigner, running around helping obama is a different story. Neil you think they can come by our at the end . All the parties democrats always do tend to unify in the end, you have Bernie Sanders winning all the way to Hillary Clintons nomination. Some sore losers in july in philadelphia. Neil that should be great coverage. Thank you very much. Switching to the other side donald trump, a moot point with these primary that are still ongoing, he has wrapped it up. He is the presumptive nominee, maybe tonight or next week he could statistically have the delegates he needs before getting to june. Having said that if he is the present of nominee you can understand why democrats are unloading now, the Mainstream Media having a field day with him and a lot has to do with the fact that donald trump has been telegraphed, who is stacking up, a couple names, no Economic Dream Team that we know of but maybe Charlie Gasparino does. I think he needs for lack of a better word streak read to fight the activation that he is the lone ranger on this. One of the problems donald has is he hasnt formulated a coherent, he is saying a lot of stuff particularly on taxes but keeps waffling back and forth saying maybe he will negotiate it down. That is part of the problem. He is also protectionist and if you experience people that could coming and calm the markets the vast majority of them are not protectionists but i did put together a little list. I tell you what i hear, this is what i keep hearing, possible treasury secretary, people like carl icon the corporate raider. Steve nugent, the Campaign Finance manager, anthony scaramucci, the hedge point guy, as the donald called him, on that list i would put scott brown, smart guy, knows about economics, got to throw john, the former head of Merrill Lynch on the list and henry keeps popping up. We should point out he has said numerous times including to foxbusiness he doesnt want the job. Carl icon doesnt want the job. Neil you have a kitchen cabinet, men and women who are well respected a well thought of and some are controversial within the Financial Community as we can remember president bush assembling such a team without naming cabinet per se early on to show his credit with the Investment Community but donald trump is not we are at the point where he needs to. Absolutely right and he is going to, they are putting together an Economic Advisory team or a group of economic people which i think will be used to fund raise for the street but the problem he has, donald is running look at his rhetoric, dont take it from me, he is running a different republican campaign. He is out there talking protectionism, waffling on his tax cuts, expanding the budget rather than saying how do we make Big Government smaller. I dont know who none of these guys i mentioned stands for any of that i must point out from an economic standpoint. I am just saying this is going to be an interesting pick, fascinating how he comes up with these guys. It is possible because you hear this already all these guys are saying donald all the protection stuff, he will be a conservative when he gets to the general election when he becomes president. That is a hard sell. This will be really interesting because he is playing by a different book. Maybe it is a book that works in the election but it will be hard to put together mainstream economic types, preaching protectionism and all over the place with taxes and spending. That is a very difficult thing but we will see. We asked whether he liked it, he said he does get the job as treasury secretary donald mentioned his name. He said no but left the door open. Neil they are all saying no and coming up. What helped them, barack obama, Warren Buffett liked what you were saying. A lot of top executives at goldman sachs. It does give you a little more sheen blues not that donald trump was desperately needed given that. But to assuage those who are concerned including the Financial Times today, a global trade war. Mark cuban said it would go down 20 . There is some fear here. Neil cuban is on that list that includes thirdparty alternative candidates, he is denying that, disputing that, said that is not going to happen but he is making some noise. Thank you very much. In case you didnt know venezuela years after the process, chickens coming home to roost, the protests are outrageous and now the president declaring martial law and guess who he is blaming all the fun . The United States. The eclass has 11 intelligent driverassist systems. It recognizes pedestrians and alerts you. Warns you about incoming crosstraffic. Cameras and radar detect dangers you dont. And it can even stop by itself. So in this crash test, one things missing a crash. The 2016 eclass. Lease the e350 for 499 a month at your local mercedesbenz dealer. Hiim here to tell homeowners that are sixtytwo and older about a great way to live a better retirement. Its called a reverse mortgage. Call right now to receive your free dvd and booklet with no obligation. It answers questions like. How a reverse mortgage works, how much you qualify for, the ways to receive your money. And more. Plus, when you call now, youll get this magnifier with led light absolutely free when you call the experts at one reverse mortgage today, youll learn the benefits of a governmentinsured reverse mortgage. It will eliminate your monthly mortgage payments and give you taxfree cash from the equity in your home and heres the best part. You still own your home. Take control of your retirement today neil this is a sign that this will be the most consequential election in american history. 7 inches of snow in northern maine. You think that is a fluke . No. Guess at your own risk. A cold front went through combined with rain but it was below freezing and turned into snow. In the meantime have you been watching venezuela . It completely tanked into civil war, out of control. The government the promised everything and anything it can for everyone in the country courtesy sticking the tab on the rich, falling apart as we speak and its president saying the United States is to blame for fomenting this unrest when it might be his programs, and this country is a basket case. Eventually you run out of money. Implosion is understating it. This is a first world Martin Country that is literally falling apart. Look at these images, images you only see in wartime types of environments. No medicine, no food, no energy, skyrocketing suicide rates, 70 poverty and it is not because there is not a lot of wealth in venezuela, the biggest oil and natural gas reserves in the world. The problem is ideas that shape the country or shape the culture and these socialist ideas, that what caused the country to tank. Neil it is out of control because he declared a 60 day state of emergency, the equivalent of martial law being led by the United States to bring venezuela to its knees. A convenient way to shift the problem and the blame from your self to the United States but this has killed a lot of people in the first three months of this year. Almost 4700 in the last year. More than 17,000. This is the kind of thing that spreads like wildfire. They have been blaming, always called the United States the great thing, the capitalist satan. This was supposed to be 20th century socialism for the masses. His programs giving away state subsidies, nationalization, elimination of Property Rights caused this. Venezuela was once a prosperous country, middleclass was prosperous, wealthy class, that completely eliminated under hugo chavez and his successor and anyone with any sense left the country especially the Business People and it is in a world of hurt, inflation in hundreds of percentage, widespread poverty because of socialist ideas which have been adopted and seem to be growing in popularity here at home. Neil people to pay it, poor and middleclass do not pay taxes so the burden was left to the rich. Tell me if it sounds for familiar and they ran out of money because they ran out of the rich. The producers got up and left, not just individuals but the companies. We have been seeing this for many years. All the companies that left, you have runs on toilet paper for example, no beer, beer is the least of it, the medicine, daily staples have become scarce. These are scenes out of wartime and this happen not because of the tremendous amount of wealth but because of the socialist ideas that it is in the pickle it is in. Neil you promise everything to everyone eventually you have to find a way to pay for it and the money runs out and then you are in a heap of trouble and in the middle of a civil war. Keep an eye on it and also keeping an eye on home depot, stock is down but beat expectations, well telegraphed at of time but whatever is ailing these other retailers like jcpenney and a host of others it is not happening at home depot. That is good for me because i am one handy guy. I love going there and saying i would like that item that is 75 feet above my head. Home depot gets it was what about the rest of the Retail Sector . The good and the bad. Neil you probably thought amazon was the only retailer making money but then you got the news out of home depot and t. J. Maxx, marshalls beating expectations, raising guidance 10 in the past year. Reminders even though there are fewer than the whole bunch especially when you consider macys, kohls and jcpenney, still retailers who can get the job done but very few. What do you make of that, between those who are getting it and making money and those who are not . It is all about value. The consumer is pushing the value button and thinking about if im in my home after the real estate crash of 20089 i have to stay for a long time. What is my smartest move . To fix up my house. A long story coming, t. J. Maxx is the same idea. People are looking for value. Amazon in the same idea. You are seeing value and seeing things like more bang for your buck. That is why people are not going anymore or looking for luxury items. They are looking more for building value over time. Neil you always wonder whether amazon has gotten ahead of itself. They had their rise and fall. Did this ride too much . Shouldnt close on an amazon shareholder but do you ever wonder . Amazon is one of those names like apple was a number of years ago where it was way ahead of itself but it is ahead of itself in so many ways when thinking about the future, delivery, the consumer, a different world than we live in now. That is harder to look at and say that is right and i should buy it for value. Amazon is a much bigger story, future value, Something Like home depot or lowes reporting tomorrow or walmart which will be a big one. Neil you might have heard mark cuban say if donald trump became president expect cell off of 20 . He is basing that on the idea that trump would be a protectionist, chinese goods and the