WHEN YOU SEE THE FLASHES IN THE
SKY, THAT IS THE WORK OF
IRON DOME HITTING MISSILES
BEFORE THEY HIT THE GROUND.
MELISSA: INTERESTING.
LET'S BRING IN SCOTT MARTIN.
KINGSVIEW ASSET MANAGEMENT, A
FOX NEWS CONTRIBUTOR AND HEATHER
ZUMARRIAGA FROM VISION FOUR.
THANKS FOR JOINING US.
WHAT DO YOU MAKE OF ALL THE
CROSSCURRENTS, SCOTT?
INFLATION FEARS ARE OUT THERE.
SO MANY PEOPLE ASK ME WHAT IS
GOING ON WITH OIL.
>> TYPICAL DAY IN 2018 I GUESS,
MELISSA.
THAT IS WHAT MAKES IT FUN.
THAT IS WHAT MAKES AS MARKET A
GOOD TIME, FRANKLY AN
OPPORTUNITY FOR INVESTORS WHEN
YOU HAVE THE CROSSCURRENTS YOU
MENTIONED PUSHING AND PULLING
CERTAIN THINGS.
FOR OUR WORK OUR BEST ADVICE FOR
OUR CLIENTS, TAKE ADVANTAGE OF
THE U.S. PULLING OUT OF THE IRAN
DEAL.
CERTAINLY TAKING ADVANTAGE OF
SUMMER DRIVING SEASON.
WHAT WE BELIEVE IS STRENGTHENING
U.S. AND GLOBAL ECONOMY ON THE
OIL SIDE.
WE BOUGHT INTO AMLP, THE MLP
ETF, OIL AND PIPELINE TRANSFERS
FOR THE UNITED STATES.
YOU HAVE TO TAKE THESE NEWS
POINTS AS OPPORTUNITIES AND TAKE
THEM AS A CHANCE TO GET IN FOR
CASH ON THE SIDELINES.
MELISSA: HEATHER, WE SEE
DAY-TO-DAY REACTION, WHETHER
STOCKS ON THE FEAR OR INFLATION
WE'RE SCARED YESTERDAY.
WE FEEL BETTER ABOUT IT TODAY.
YOU WATCH OIL.
THERE ARE REAL LONG-TERM THINGS.
FOR EXAMPLE, THE PRESIDENT
CHANGED THE RULES ON ETHANOL HOW
YOU COULD SELL IS IT YEAR-ROUND
AND WHERE DIFFERENT BLENDS COULD
GO.
IT'S A QUIET MOVE, MEANINGFUL
FOR GAS AND OIL IN THE LONG RUN.
LESS REGULATION IN THE GROUP
MEANS LOWER PRICES HOWEVER YOU
FEEL WHERE YOU WANT THOSE
DIFFERENT FUELS TO GO THAT IS
SNEAKY THING THAT COULD OFFSET
IRAN.
WHAT DO YOU THINK?
>> OIL PRICES WILL CONTINUE TO
HEAD HIGHER AS LONG AS WE'RE
LOOKING TO REIMPOSE SANCTIONS
AGAINST IRAN.
IRAN EXPORTS 2.6 MILLION-BARRELS
A DAY, 38% COMES FROM EUROPE.
IF EUROPE IS AFRAID TO DO
BUSINESS WITH IRAN, FIRMS ARE
CUTTING BACK ON BUYING OIL FROM
IRAN.
THAT IS ALSO PUTTING UPWARD
PRESSURE ON OIL PRICES TODAY AS
WE'RE SEEING.
PRICES AT THE PUMP.
EUROPE IS AFRAID OF U.S.
SECONDARY SANCTIONS AGAINST
THEM.
THEY DON'T WANT TO BUY FROM IRAN
EITHER.
THE OIL STORY IS A LONG-TERM
PLAY.
WE'RE NOT SEEING INFLATION RIGHT
NOW BUT OVER THE LONG RUN I
THINK WE WILL.
DAVID: LET'S KEEP IT ON THE
POSITIVE SIDE.
FOR ALL THE BAD NEWS
INTERNATIONALLY, JOBLESS CLAIMS
HERE ARE HOLDING STEADY AT NEAR
49-YEAR LOW.
211,000 PEOPLEFIED NEW
UNEMPLOYMENT CLAIMS IN WEEK OF
MAY 5.
WE HAVE FIGURES CAME OUT IN
"THE WALL STREET JOURNAL"
YESTERDAY.
THE NUMBER OF JOB OPENINGS IN
THE U.S., 6.55 MILLION.
THE NUMBER OF FOLKS LOOKING FOR
JOBS?
6.59 MILLION.
ALMOST EXACTLY THE SAME.
THAT IS ESSENTIALLY FULL
EMPLOYMENT.
THAT IS INCREDIBLY GOOD STORY.
>> IT IS AN INCREDIBLY GOOD
STORY, DAVID, THAT THE
UNEMPLOYMENT RATE REMAINS VERY
LOW, BELOW 4% LEVEL THAT WE
HAVEN'T SEEN SINCE THE YEAR
2000.
THAT IS VERY IMPORTANT, IF
PEOPLE WANT A JOB THEY'RE
GETTING A JOB.
THAT IS WHAT THE REPORT AND DATA
IS SUGGESTING.
193 JOB OPENINGS, 193,000
OPENINGS WERE FILLED IN THE
BUSINESS SECTOR.
THERE IS SKILLS GAP.
EMPLOYEES ARE LOOKING FOR PEOPLE
WITH PRESENTATION SKILLS, SPREAD
SHE HAD NAVIGATION WHICH I DON'T
REALLY HAVE.
THOSE ARE SKILLS THAT EMPLOYEES
NEED IF YOU WANT A JOB.
DAVID: I THINK YOU WILL DO FINE
IN THIS MARKET.
SCOTT, WHEN FOLKS FEEL
COMFORTABLE ABOUT THEIR WORK,
THEY SPEND MORE MONEY, TAKE OUT
MORTGAGES.
IT IS GOOD FOR THE WHOLE
ECONOMY.
>> IT IS FOOD, DAVID.
HEATHER, YOU WILL DO FINE IN
PRESENTATION SKILLS FOR SURE.
THERE IS A SERIOUS SKILLS GAP
OUT THERE, DAVID, WHICH DOES
WORRY ME TO SOME DEGREE.
LOOK AT SOME SECTORS LIKE
SOFTWARE ENGINEERING.
HEATHER MENTIONED THE
SPREADSHEET SIDE OF THINGS,
COMPUTING, TALKING ABOUT
SERIOUSLY LOW UNEMPLOYMENT RATE,
2%.
THEY'RE GIVING JOBS AWAY.
THE PROBLEM THEY HAVEN'T FOUND
APPLICABLE WORKERS THERE.
TO ME WE --
DAVID: LOOKING FOR A DARK LINING
IN A SILVER CLOUD, SCOTT.
THAT IS NOT LIKE YOU.
>> DAVID, SOMEBODY HAD BECAUSE
THAT IS REALITY HOW THINGS WILL
BE GOING FORWARD IF WE DON'T GET
BETTER EDUCATION FOR A LOT OF
OUR KIDS.
DAVID: WITH A 25-YEAR-OLD
DAUGHTER I'M VERY GLAD OF THE
JOB SITUATION RIGHT NOW.
SHE IS DOING GREAT IN THE JOB
MARKET.
I WANT TO KEEP IT THAT WAY.
>> DON'T FORGET MOTHER'S DAY.