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time, unless it s their stocks we re talking about. they re interacting in ways i didn t think possible, going up in tandem. how positive is that every night now, i keep highlighting the bizarrely bullish ways that stocks are trading. sometimes they re totally in your face. like this simultaneous move in the price of oil and airline stock which i ve never seen in almost 40 years in this business it s the type of thing that can really get the market s animal spirits roaring as it did once again today. dow gained 206 points. s&p climbing, and nasdaq falling .081%. look at this oddity. lucrative set of circumstances because i want you in. not excited because that s not rigorous i want you to understand how rare things are that are happening right now. airline stocks surged because of terrific numbers out of delta. many thought delta was doing poorly surging up nearly 5% airline stocks gone from nearly most expensive because of endless losses to nearly cheapest save the aut ....
later the analyst is here to make a bold case on why they will go as high as $500 a share. will you not want to miss. that first we start off with breaking news. this hour to repeal obamacare. hi, elon. reporter: hi, mellissa. the president says the vote in the house for obamacare was a sign of unity and show they can get things done and tax reform is coming up next. we re going to get this finished. then we are going. as you know, we put our tax plan in. it s a massive tax cut. the biggest tax cut in the history of our country. i used to say the biggest since ronald reagan. now, it s bigger than that. also, pure tax reform. so we will get that done next. this really helps him. before we can get to all that, there are still a lot of pieces that need to fall in place t. senate needs 51 votes to pass through the upper chamber using a process known as reconciliation. the bill that s expected to undergo major changes along the way. majority leader mitch mcconnell said ....
later, bill o rilely is officially out at fox. first, the crude plush oil having its worst day, settling down nearly 4%. gas inventories in the u.s. jumped for the first time in two months, sparking demand worries. energy stocks by far and away the worst performance sector, following the commodity lower. when crude turned lower, the markets went along with this. let s put this in context. you stalled tax agenda, falling oil. it s a bad earnings reaction. in fact, ibm the worst performer on the dow, on its earnings today. so the perfect storm brooi brewing for stocks. steve, what do you say? when you look at crude, you look at the prism of the $50 mark. the stocks, the actual commodity. but i have been negative on krudz and crude stocks, feeling at the saudi aramco potential ipo has been a real setup. it s the biggest head fake for me. because every analyst, every buy side is looking to get a piece of it. every sell side is looking to buy into that event. it s setting ....
soros didn t help matter. were getting little bit overbought. we talked about frequently. was getting closer within a half percent of its all time record close. the dow and the nasdaq also have days.allying for a few he certainly again did not help matters. looking at some big percentage declines. them.l is one of offshore driller seeking to cut debt load. investors don t like the shares down 10%. nrg energy that stock downgraded to sell over ubs. says it s not justified. chesapeake energy also getting downgrade. this one coming from rbc. saying there are opportunities risingvalue in a commodity environment. for chesapeake they re more amongstthan they are some of the peers. we re looking at restoration hardware. numbers came out with that missrd estimates. loss.ed unexpected also had a disappointing forecast and it s pulling down some of the other home retailers. also feel the pain today. i talked earlier in the day falling.ks asset managers also falling. if you have ....
india. jeff bezos met with prime minister modi last night. we ll hear from him when he addresses congress later this morning. clinton wins enough delegates to become the presumptive democratic nominee. is the battle between her and mr. trump gains momentum. the market seems to be shrugging off this political uncertainty. shares of lululemon bouncing around in the premarket after raising forecast for the year but offered a softer outlook on the current period. we ll talk about what s ahead for that company. stocks are looking to maintain their upward momentum a day after the s&p posted highest close since july of last year. oil rising to some eight-month highs. brent hits 52. all of that happening as david said within the politics mix. hillary clinton declaring victory in the race to become the democratic presidential nominee winning four primaries including california where it wasn t nearly as tight, jim, as some suspected it might be. yeah, you know, i think that ....