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We think that the Fed will be able to achieve its target over the medium term.

Core inflation has already started to pick up.

Monetary policy has been relatively ineffective.

You need fiscal policy.

I think something actually like utilities, which has been a sector that's

perennially unpopular, is going to continue to surprise on the upside.

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Good morning, I'm Michael McKeown,

Tom Keene remains on vacation.

David Guris sitting in today, David, I can't keep up with all the headlines on the Bloomberg

We just get Ford out making 68 cents in the first quarter. The consensus estimate was for 48 cents.

That's a kind of a blowaway number right now.

We've also got our earnings out just a moment ago from Bristol-Myers.

A 74 cents a share estimate of 65 cents in Bristol-Myers boosting their earnings

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