but the curious part is microstrategy.that as the company that owns bitcoin on its balance sheet so a lot of it is tied to the value of whether shares go higher or lower. microstrategy is almost a pure play on that corporate balance sheet. >> very true. yeah. and you can imagine, microstrategy, if bitcoin is 10,000, it's worth, do the math, it's worth this. if it's worth 60,000, microstrategy is worth this. so it must have been a tough -- a lot of rumors on the way down of what was going to happen to microstrategy. the worst things did not play out. now back at 26, 27, it's a work in progress. >> well, the beauty is they tell us exactly how many bitcoins they have. so yes, it's just about you forecasting where you think bitcoin prices will be. >> we've got to go, dom. when we were talking about those issues up in augusta, maine, admit it to me, when you heard the word augusta, did you think about some other state? >> it's pavlovian for me, you know that, joe. >> you actually start salivating? >> yes. i smell grass. i can h

so while we cough microstrategy down about a # %5% right now, it has recovered its post-ftx bankruptcyabout 21% over just the past six months. since we're talking crypto, the let's look at bitcoin at the moment. we cohave it lower by $# 326. microstrategy did say it held 34,600 bitcoins in a collateral account established under the repaid silvergate loan. >>> investors are pinning their hopes on pinterest after it was upgraded from a neutral to a buy and raised its price target from $27 to 35. pinterest right now is at $28.26, it's gaining 2.8%. ubs cites improving ad trends and good ad technology execution. early his ther feedback on pinterest's partnership with live ramp apparently shows significant improvement in making those ads more efficient. while that social media stock gets a bump-up today, the ban tiktok the contingent9 says it just got one step closer to booting the chinese app here in the united states. after the ceo faced off with law makers last week. but what about the other contingent, those who have urn thed the chinese-owned social media papp into an atm machine? up n

. >> watching microstrategies and others. thank you for that. >>> still to come this hour, baird taking caterpillar to sell less than two months after cutting to neutral. morgan stanley says one big cap tech name has 50% upside ahead. we'll break down some of those calls. the ceo of carnival is with us after reporting results earlier this morning. thi what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. what if you were a gigantic snack food maker? and you had to wrestle a massively complex supply chain to satisfy cravings from tokyo to toledo? so you partner with ibm consulting to bring together data and workflows so that every driver and merchandiser can serve up jalapeño, sesame, and chocolate-covered goodness with real-tim

the market heads at microstrategy, or tomorrow, what clues will you be looking for and how do you lookthat when it comes to the dollar-yen. next i actually -- greetings. this is going to be something of a damp squib. it will be thrown his last hurrah, and it will have a valid victory, in appearance. i don't think they will make too many hints about changing. i think if anything, he might reinforce it, so overnight, relative to the doj, i don't think much will happen. you may see a dollar-yen rise. that will get dominated by the upcoming payroll release. longer term, i think it is untenable. as we seek to change the market functioning, it will be somewhat difficult, and the new regime is coming in to expect that by june, you can see a widening of the band or absolute abandonment of yc c. i think that is the case. if it is, we will see the dollar and the end coming down, towards the may or june meeting. >> how painful will this process be? how do we extricate japan from the yield curve control? ask it will be very difficult. they are tied into a difficult place. as i've said, it's untena

those that hold hard assets and the motto is be your own bank, would you suggest investing in microstrategys? >> no. i would prefer you actually invest in bitcoin. i want you to put it in a price where you won't wake up and find out it's not there. that's a little harder to find, but i prefer you to own the actual. let's go to jon in big mo, missouri, jon. >> cramer, hey, i want to ask you about ampenol. >> i happen to like these fiber coaxial cables. i've always had a thing for them. you're absolutely right. let's go to jerry in arkansas. >> what's your take on 3m? >> 3m has too much litigation risk. that is one nasty situation. let's go to matt in minnesota. matt. >> booyah, jim. want to know what you think of a stock with a pe of six, a juicy dividend of 12 1/2. what do you think of camping world? >> i don't understand that big of yield without some concern. it does worry me because i do like the stock. i like cabela's, too. the yield that big you have to have a bit of a safe yellow flag, if not a red flag. let's go to lily in texas. lily. >> hi, cramer. thank you for all your help, love

many investors are jumping intoing draftkings and peloton and microstrategy which is up 39% year to dade and 10% today that rallied with crypto so that's falling in trend and then even a name like carvana with 50% of its flow shows it's trending investors may be quicking to forget about the banking troubles or just want some risk right now. >> thanks. let's goat washington where the house got its chance to dive into what went wrong causing that recent banking crisis steve liesman has been closely watching the proceedings for us, and he joins us now. steve, what are the headlines? >> reporter: so i want to say this, kelly. there's been two days of intense hearing. i've listened to almost all of it, all about the failure of silicon valley bank. with lawmakers splitting mostly along party lines on the question of whether the failure was a one-off or systemic problem. here's the battle. republicans largely focusing on the idea that it was a one-off failure, concentrated deposits in the tech industry and a cross rall supervisory fail ire but the fed. all of that is true. democrats probing the

with us is the head of global microstrategy. it is very interesting your take on this. the big risk of financial instability coming from systemic risk? the banking sector or a misstep when it comes to taking the petal of the inflation fight? >> great to be back with you. let's start off with how we view the svb drama itself. we don't see the rest, especially given the quick response from u.s. authorities. there needs -- there now appears to be a defective deposit. the trouble does not seem to be shared among the larger banks in the united states. the business model was unique. the first is that the liability side so is deposit growth some four times greater than appears. the svp benefited from these sectors. mainly tech. there were some serious miscalculations going on with regards to the risk management. if you look at the broad market indicators of systemic stress, that also supports our view. we are taking a rather sanguine view as to what it means for the federal reserve next week. macro prudential tools are used for financial stability, monetary policy tools. this

head of microstrategy for north america, i love only. --lee. the bank crisis, it should be over.f these, unlike me. how do you know within -- when it ends? >> you don't know when it ends it's just time. time is the greatest healer, tom . another day, no more bad news on the banking side it does look like this is not a systemic problem this is idiosyncratic there are a couple of banks we've seen we know over the last couple of weeks we've seen but since sunday before last things are starting to calm down. and the fact is if this is it, it looks like it is then we do need to go back to the thing about the fed of a few weeks ago. we do need to go back to looking at the data and saying what's really changed? there's going to be some timing and lending standards. we know that but how much? how much of this is this is it and were done here in terms of banking crisis for now the fed can't rely on some big pullback in lending in order to do the job on inflation they have to carry on doing what they're doing. jonathan: people believe the fed is in the business of breaking things. the fed

microstrategy at mufg and faith in credit is away from the banking distress at the moment.preads, ratios, and dynamics within sovereign debt of any use or value right now or is it simply distorted by the set of financial crises? george: good morning. tgif and happy st. patrick's day. i think at this point, we have to take everything with a grain of salt. this sort of volatility we had this past week is unprecedented. i could do this for over 12 years, and this surpasses covid/2008 shocks we saw. the race market is trying to get its footing and reacting to overall -- the rates market is trying to get its footing and reacting to the overall things. let's see how the we can go before we pass judgment. tom: when you see the news flow, including great work for our banking team, do you suggest the flows we are hearing, the deposit movements are not the true picture of the money moving in the money market funds? is it a much bigger statistic? george: this has been a phenomenon and is passed because most likely accelerated this but we are seeing money fed flows throughout the start