Also a new wrinkle to the General Motors ignition switch recall story. There are, of course, congressional hearings. Now a criminal investigation. But because gm has gone through bankruptcy, it will not be civilly liable for any accidents that happened before june 2009. Well get the latest from phil lebeau and speak to legal pros on if this will hold up even if the company is found to be criminally negligents. Thats a fascinating wrinkle. Also a cnbc exclusive, rock legend neil young, that neil young, joins us coming up on the closing bell today. Neil is not happy with the sound of Digital Music right now, and he has used crowd funding to do something about it. Its a new Music Service which sounds so good they say its like being in the Recording Studio with them. Neil will be here to talk about that and his plans to make new music. Hes still working very hard these days. Hes been touring. He has a new album out. More plans for more music down the road. Do not miss the great neil young
Eric anderson on his companys efforts and big money backers. Eric schmidt and richard branson. If you are looking to buy it has lockhart in new jersey you need to do it by april 1st, tesla announced it will leave the state by the end of the month after it lost a battle to keep its direct sales model live in the garden state. New jersey is the third sta ban tesla from selling cars to consumers directly and not through a franchise dealer should. Our next guest led the charge in his own state, jim apples and is from the automotive retailer federation. He joins us. Why would you say this is a win for consumers. Sounds to me like it is not a win for consumers. Let me start by saying i admire the tesla product, it is innovative but the tesla operation is what most analysts think is an unwise, and the new jersey unlawful distribution method. Adam no one disagrees the law is specific in new jersey but why is that good in new jersey . , not like cellphones and tesla is trying to make a direct f
Of word of an ftc investigation. Well be all over that. Well come back to it in just a second but first more bad news for pimco cofounder bill gross this week. One of the megafunds own trustees, william pope joy, lashing out at the superstar bond manager calling grosss 200 milliondollar salary, quote, not appropriate and demanding an investigation into grosss conduct as a manager. So is the onetime king of bond overrated . Prepare yourself for todays wall street throwdown. Our very own Charlie Gasparino thinks gross is not worth the money. I bet that is putting it mildly. Capitalist pig. Com Jonathan Hoenig says he is worth every penny. [whistle blows] jonathan you go first because may be only word you get. Go ahead. Im not an investor in pimco, melissa but many, many people are. 2 trillion is entrusted to the firm that bill gross started in the way back in the 1970s. He is mutual fund superstar. There is only one lebron james and lady gawk gaugh. How many Bond Fund Managers are househ
Jonas max ferris is in the herbalife corner. Fox news contributor. Andrew keane is representing the ackman team. The whistle blows] melissa you know what that means. Jonas, what do you think . The guy is right, it is basically a multilevel marketing pyramid schemes like a lot of businesses are and selling placebo like elixers and aloe and problem is that is not illegal. Cvs, walgreens, whole food sell stuff with questionable nutritional benefit at very high markup. The government will not step in and crush it up, which is only way to make the short bet of a billion dollars melissa i will stop you there. I will let andrew in. Problem they run out of people at bottom of the pyramid that is when the gig is up. How many markets do you have to exploit people to go out and sell this thing. What do you think . Look the way the stock traded. It was 45 when came out with the claims. Stock went down at 25. Did ackman come out and buy the short, absolutely not. He thinks the stock is going to zer
Here. Bun des bank, look for more strength out of his comments. I wake up early than 6 18, payroll friday. The short dolly dock ki. I like your roar dollar. Cant get enough fibonacci jokes. Your next chance to make currency trade sunday afternoon. See you bakt here next friday, y next friday at 5 30 eastern time only on cnbc. Im jim cramer. And welcome to my world. Firms are going to go out of business and hes nuts. Theyre nuts they know nothing i always like to say theres a bull market somewhere. Mad money. You cant afford to miss it. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Im just trying to save you a little money. My job is not just to entertain you but to teach and educate. Call me. 1800743cnbc. If things are actually better than we thought. That realization makes someone pay more for companies. And it makes us willing to do stuff. Hence this markets amazing powers of levitation. However, were still also in the middle of earnin