Dow topping 28,000 today for First Time Since february. Its the value trade thats working. Is the rotation for real i think as long as you have confirmation in the bond market, you can believe in it but when that link breaks, the stocks the value stocks probably crash again. We witnessed an episode like this that happened from the middle of may through the middle of june. It was almost a full four weeks. It was violent to the upside value stocks, cyclicals, the quote reopen names Small Cap Value did incredibly well the Growth Stocks took a pause the high flyers corrected but when that ended, it didnt end gently you had crashes in the reopen stocks you had crashes in the value stocks both asbestbsolute and relative to growth its a Real Recovery if that link breaks and i know yields have gone up a bit here and abroad as long as that continues happening, im fine with it. I think you have to watch that more than commentary, more valuation, more than anything else jpmorgan had a great note
Cramer, david faber coming to you live from separate locations this morning its risk off following those onemonth highs from yesterday empire and retail sales for march were abysmal the worst on record. Below Expectations Oil below 20 earnings from citi, goldman, bank of america showed the major banks are, as expected, bracing for a wave of defaults some more than others when you look at the percentage of the total loan book at jpm and city. Jpm is the one that people decided wasnt that great. When i look at it, i think it had to do with tone. Jpmorgan, the crucial lines were something that were uttered by jamie, which were, look, may is not realistic. It will be june, july. The problem with basing everything on that is that you dont realize these banks are much more much better prepared than we thought you have a citi thats down from its tangible book value, its actual youll have multiples that are incredibly low because people feel the dividends are in question yet you have a tremend
Somehow, i sur woman would you fix your tie, please . Vid well, people wouldnrecognis fixed, but ok. Just leave it this way. All right. David iont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. Ipw do you define leadersh . What is it that makes somebody tick . David you are clearly one of the worlds most Successful Technology investors and one of the worlds most successful businessmen. Let me start by asking you about a fund that youre now raising, the vision fund. It is supposed to be a fund of 100 billion . Masayoshi yes. David now, that would be the biggest fund ever raised. So when you told pe ple you were gonna ra 100 billion fund, did they tell you you were a little crazy . Well, some people said. [laughter] david you had a meeting with with a marowho is the deputy prince of saudi arabia, whos now the crown prince of saudi arabia. A
Yeah. I was so close to fall down from the cliff. We almost went bankrupt. Somehow, i survived. Woman would you fix your tie, please . David well, people wouldnt recognize me if my tie was fixed, but ok. Eave it this way. All right. David i dont consider myself aournalist. And nobody else would consider myself a journalist. N to take on the life of being an interviewer even though i have a ivy job of running a prate equity firm. How do you define leadership . What is it that makes somebody tick . David you are clearly one of the worlds most Successful Technology investors and one of the worlds most let me start by asking you about a fund that youre now it is supposed to be a fund of 100 billion . Masayoshi yes. Da now, that would be the biggest fund ever raised. So when you told people you were gonna raise a 100 billion fund, did they tell you you were a little crazy . Well, some people said. [laughter] david you had a meeting with with a man who is the deputy crown prince of saudi ara
Today we have a look back at allie romance, but its nothing salacious. The San Francisco standard shares with us a unique spot to take a date where you can both discover a hidden gem of San Francisco. Also a california nonprofit ha not focused on providing supplies but Mental Health help for the youngest victims whose lives have been forever changed by the disaster in maui. We will talk with the director of project camp. First criminal case number four, a new indictment today out of georgia accuses donald and 18 allies of trying to overturn his 2020 election loss in that state. Political analyst Jackie Speier joins us to discuss the possible applications. Thanks for joining us today. Good to be with you. Kristen give us the nuts and bolts of the latest charges against trump. s fourth indictment. His fourth indictment. Fourth indictment, now 91 counts. Because we believe in the rule of law, he is presumed innocent until proven guilty. But what has happened in georgia is that the da has