the guy takes his i screwdriver and killeds the pit bull -- kills the pit bull. the dog doesn't let go of his arm. the dog is dead as a door nail, but it's stuck on his arm. [laughter] so it, and it begins a relationship about 104 pages in the novel between the guy and the dead pit bull -- [laughter] it was kind of, in a way, it was a disney journey sort of thing. [laughter] he names -- he becomes delirious from the pain and the infection, and he names the dog. he drives with it everywhere. it was the -- i just found, i didn't find anything marley strange about it -- particularly strange about it because, to me, it was the ultimate pit bull story. [laughter] so this is true. so i was out doing what little touring -- i was talking to a group of lawyers in kendall, florida, when the book came out. it was a lawyers' line luncheond afterwards i'm shaking hands, signing some books and some guy comes up, pulls on my sleeve and he goes -- he was a lawyer. you know, who told you about the pit bull? i said, what? he said, who told you about the pit bull? and i said i just

( laughter ) "no, something to protect me from the bull!"t there naked, you would be dressed like a clown!" like i don't know why they're dressed like clowns. >> stephen: it's so when they die it's humiliating. >> do they think, like, a bull's going to throw a rider and be like-- was that a clown? is it my birthday? did you guys get me a clown for my birthday?" ( applause ) ( applause ) >> stephen: now, rodeo is-- and i think this might be late to even say this-- that is not where i would picture your act, like, in the sandpit out there. >> no, but i've performed-- last year, i performed at a zoo. ( laughter ) >> stephen: at a zoo? >> i don't know what's going on with my career at this point. >> stephen: at a zoo? >> it was the toledo zoo. i don't know why they picked me. "gaffigan show: do it at the animal jail," you know. ( laughter ) i mean, obviously, zoos are not animal jails. i mean, the animals can't leave, and if they tried to leave, they'd shoot them, but-- ( laughter ) but it was outside the toledo zoo. it's beautiful. you could se

bull market confidence is shattered. the dow's 11-year bull market is over. the market finished down 20% from the high in february. the s&p hanging on. looking like it will crash into a bear market today. the market reaction and the week's coronavirus headlines confirm a new reality. more cases, social distancing, cancellations, school closures. these are things that grind the economy to a halt. the president tried to sound a unifying tone last night but his claims the last few weeks have been anything but. >> we're doing a great job with it and it will go away. just stay calm. it will go away. >> it's blindsided the world and i think we've handled it very, very well. >> we have thousands or hundreds of thousands of people that get better just by, you know, sitting around and even going to work, some of them going to work, but they get better. >> democrats are polite sizing the coronavirus. >> when you have 15 people and the 15 within a couple of days, it's going to be down to close to zero -- >> close to zero. after weeks of assessments the white house is ca

the bull left no known survivors.ions should be made to a fund he wanted to set up to fight the coronavirus which ultimately laid him low. i was an obituary writer i hated it i wrote scores of them still i can't resist the irony here of all the things that were supposed to cull the bull, and the bull is indeed dead, the worries that so many hedge fund managers whined about, the fed, erratic president, too slow revenue growth so many other boilerplate. none of them had any role in the bull's demise. instead, it was an unforeseen virus that terrified investors into cashing out ultimately crushing stock prices in the wake i do think a lot of the selling was a desire to get out ahead of other sellers. a lot was pure fear. people figured the bond market was screaming the bond market, the sky was falling. the stock market's breakdown or meltdown is so dramatic because wall street spent a month growing the virus. hardly anyone took it seriously. even at the time of the super bowl i asked every rich person, all of the owners

so i'm looking at around the 102250000 range depending on how long this bull market runs rice imagine every 4 years and then you mention the happening so the protocol biquad every 4 years the out put the reward to mining cut in half this is the way that the protocol works and this year are somewhere in may i believe that reward goes from 12 and a half to 6 the quarter because. and this is talk a little bit about what this means to the supply so the plots the so that's why it's being constrained right this is this is significant because when we do this. the inflation rate of bitcoin drops below the inflation rate of go. there becomes you know gold being the gold standard of which we have traditionally made money since the fee it will hundreds of years before that and now we've got this new digital ski city which is more perfect which to continue to be more skilled. and find this very significant like gold is not. launch a few rockets mine the asteroid belt people think it's not coming but it is coming right the cost of space launch is going to go $100.00 times cheaper and that opens up

but old bulls just don't call. me old yet to shape out these days become educated and in gains from an equals betrayal. when so many find themselves worlds apart when she's to look for common ground. yes. and 2016 millions of europeans are taking to the streets while learning it has refused to sign the free trade agreement with canada triggering a crisis across europe. that that i am not and that the treaty negotiations brought to light a largely unknown organization international arbitration tribunals that allow multinationals to sue states. philip morris is trying to use i.e. s.t.'s to stop oracle from implementing new tobacco regulations aimed at cutting domestic smoking rates of orange company sued egypt because egypt raise.

and so we have the 40 year or bull market in bonds that just recently came to an end but that's based on people on wall street like larry summers and others to collateralize that predictable income stream to create a mount everest of debt. and to play games in the bond market to create that raunchy income that recurring source of income how they've become billionaires by capitalizing on sick and dying people nuts how the hospital system became so huge in america's because it's predictable people are will be sick to please die a good society doesn't turn that into a profit center for the worst elements in society a good society would downplay that and that's not america well another element that is discussed widely online is of course our hospitals are massive profit centrists owned by private equity and it makes no economic sense you do not earn any profit by having spare ventilators in your basement they cost about 30 $5000.00 each and it makes no sense to spend the money on that when $35000.00 could go toward stock buybacks or to executive compensation so that's one of the things bu

a new bull market, but can you have a bull market with a vix of 65?fondest wish. we consider the prime minister of this -- permanence of this income replacement. in this hour, catherine mann of citigroup. from new york and london, this is bloomberg "surveillance," from all, an exhausting week. interestingreally and the politics of europe and washington, and titanic

and no one can believe that a bull -- and i run a bull sanctuary. what kind of idiot runs a bull sanctuary. i run a bull sanctuary in india but a bull who weighs late rally a ton, would like to play with a tire, just like a dog. chickens jump for low, hanging apples. takes them while. she wants that apple. not giving up here. up she goes. rats giggle when they're tickled and we all know that dogs love to jump for joy. simpling pleasures. animals dedeprived of simple pressure. in animal kind we take people back to a time when using animals as tools of convenience, no matter the risk to their limb and their lives was considered quite normal. pigeons idea as mention messengers and now be weather. wells fargo delivered by pony express and now we use drones. canaries in coal mines, and sometimes they were killed and now wave ha sip the tick human nose. ringling bros. and barnum & bailey circus once considered exotic and now we have virtual reality. you can go under the sea and touch and may with animals without hamping harming a hair 0en their heads. unt

this is "bulls & bears." i'm glad you could join us. i'm david asner and joining me adam

the dow is in a bull market, but is this a false bottom? on the screen and asia, playing catch up to the u.s. session yesterday. indian stocks rallying after an emergency cut by the r.b.i.. industrial profits dropping in china. u.s. futures are still in the red. the european futures pointing to the green right now. the dollar posting a fourth day of weakness, heading for its biggest weekly retreat since 2000 nine. perhaps it is heading for its best week. the 10-year treasury yeild slipping five basis points. now, the u.s. has overtaken china as the nation with the most confirmed cases of coronavirus. according to johns hopkins university figures, the u.s. has more than 85,000 positive tests. this grim milestone comes as president trump poses a risk classification system to help businesses return to normal. the fed is poised to put trillions of dollars into the economy once the aid package is signed into law. jerome powell said, when it comes to this lending, we are not going to run out of ammunition. nancy pelosi told bloomberg tv that the

there's always a bull market somewhere.d money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you so put wild days like today call me at 1-800-743-cnbc. or tweet me @jimcramer. . >>> we had a

there's always a bull market somewhere. mad money starts now >> hey, i'm cramer welcome to mad money tweet me at jim cramer and a thousand times a day without thinking about it. at least that's how it feels right now. the inevitability of this outbreak is starting to sink in. what does the fed do it gives us a rate cut a 50 basis point rate cut. reaction hey, condition rate cut. and it was a resounding texas hud. ultimately the dow fell 786 points and 2.189% so why did we get that illnesses, cancellations and this epidemic and i'm beginning to feel just in what has just been cancelled the e-mails that i get and the notes from different companies that is a shutdown it doesn't change that it's not a cure. it's not a hazmat suit or respirator it does absolutely nothing to impact the spread of the virus it somehow boosts business confidence i did care about the rate cut. i cared about how wrong it was it's totally a sign of the panic from the fed. and a rate cut i say this as someone that's been addiment that easy money is a go

we want to go back to the bull and bear report.e talked a lot about the dow and the s&p, where we are. bull markets usually last 26 days or so, bear markets 26 occurrences. average length much longer for the bull market than the bear market. higher move always much to the upside than they are to the downside. bear marketh of the a lot shorter, only about 11 days or so. it will be interesting to see where we end up from here. vonnie: let's turn to washington, d.c. now, where lawmakers in the house are debating ahead of an expected vote. we are joined by an adjacent -- anna edwards and. how will this go? anna: that has been a bit of a slowdown. yesterday, house speaker nancy pelosi said she wanted this vote wrapped up by noon, but she was under the assumption they would do a voice vote, have people in the chamber yell out there vote and say it passes and they are good. but a republican from kentucky suggested he would call for a recorded vote, which would require each lawmaker to individually cast their vote through the electronic vo

traditionally when we talk about the bull market, we talk about a secular bull. we seeing a cyclical downturn in the secular bull, or seeing much more secular? one of the things we talked about before, and we were showing this to people in january, is historically, that has not been a great signal for long, extended bull markets. i would suggest that potentially suggests it is overcome a but there's more to it. economic downturns occur. it's normal. but as i said earlier, i've been on wall street for over 30 years, and i've never been not allowed to travel anywhere. vonnie: on the other things, is there enough urgency? we had the treasury secretary saying he's hosting a g7 call, but we are talking about incremental news. maybe $200 billion of liquidity by tax payment delays. again, no details. we are learning that house democrats are planning to vote thursday. that is just house democrats, and everybody is on recess next week. is it any wonder the dow is down 1000 points in the s&p is down more than 3% and declining? tobias: i would argue that yesterday's rally s

sean: he's definitely bull [bleep] us. sean: she's in way over her head. robin: this is out of control. sean: but if i can get her to take charge... sean: i'm obviously here to see what the hell's going on. sean: ...her dream of becoming an airbnb mogul... sean: oh-ho-ho! sean: ...could become a reality. sean: this is phenomenal! narrator: he may have been born in ireland, but sean conlon was made in america. sean: i have lived the american dream. narrator: he's built a fortune in the hardnosed world of chicago real estate. sean: i came here with $500 in my pocket, and i worked as a janitor. i shovelled snow. i cleaned toilets. i did anything i needed to do to scratch out a living. narrator: at night, he started to sell real estate. sean: after i got my first commission cheque, i realized i was never going back to my day job. narrator: and by age 26, he was one of the top-earning brokers in america. sean: i have bought, sold, and flipped billions of dollars of real estate. there's nothing more exhilarating than taking something that's tired and rundown and

i think the bull case -- the disconnect between what i see and what the bull case sees perhaps on theuy side, the guys and gas investing the money, i think they are looking further out and they see a company that was earning a certain level five or six years ago that had -- has great market shares in these industries and that ultimately if he is run better by better management there is kind of an idiosyncratic story of a reversion to a more normalized level of earnings and free cash flow and they are like yeah i hear you, '21 is hnot going to be tht gray, but '22, '23, you give this guy more time and it is going to be better the problem i have with that is i think it is idiosyncratic on the other side the wind industry, anything to do with centralized power generation is in a fight against solar for -- on price, levelized cost of energy that's not going to change that's a secular trend that is negative for these guys and they have a health care business that hasn't grown in ten years. you are really betting on the aviation franchise yes, to a tree there is some economic exposure there

can't call end of 11 year bull run but it is closer. connell: coronavirus fears continue to slam stocks. all three major averages sinking on fading hopes of a fiscal stimulus. the dow closes down 1400 points. that is officially a drop of more than 20% from a recent high after the world health organization officially declared the virus outbreak to be a global pandemic. that is almost 6% down, 5.87% at the close. it is, good to be with you as we continue to watch the crazy markets. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." s&p 500, nasdaq closing firmly in the red, both ending down more than 4%. president trump meeting with bank executives right now at the white house about the state of the economy, amid the outbreak. we'll bring you the president's comment from that meeting as soon as we have them. we have fox business team coverage. jackie deangelis is on the floor of the new york stock exchange. edward lawrence is outside of the west wing. phil flynn watching action in oil and gold at the cme. jackie,

moose antlers. >> even a bull moose is powerless in the face of the republican party machine. >> oncelear that the republicans were going to nominate taft, all hell broke out. people were fighting, pushing, shouting, cheering for roosevelt, shouting over the taft people. it became a real melee. >> roosevelt denounces the whole proceeding as a sham, and his delegates walk out. >> taft wins the nomination. >> there's what we might call a rump convention that develops led by roosevelt, and he meets his supporters there in chicago. and he asks them if i form another party, will you support me? >> if you wish me to make the fight, i will make it. >> taft, in his mind, is a judas figure and he's going to seek revenge and if do nothing else, throw taft out of the white house in 1912 as a matter of personal honor. where can a healthier heart lead you? for people with heart failure taking entresto, it may lead to a world of possibilities. entresto helps improve your heart's ability to pump blood to the body. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't t

and even with the school 6 nil she algo continue to battle for every bull. hang on a minute things were about to get strange. finds gold bonanza took a back seat in the 67th minute binds away fans held up banners that insulted hoffenheim my hop. in line with new guidelines from the german f.a. referee christian thing at stop the match the banners were removed and the match continued but only for another 10 minutes. when another insulting banner returned to get sent the players off the pitch. i'm fine officials and players attempted to convince the fans to remove the bandits . even by an chairman collins who came down from the stands and truth at least as a representative of by and i'm deeply ashamed because of these troublemakers i can only say that the moment has arrived where the bundesliga the german f i and the german football league have to take common steps against these troublemakers for your image. if the banners had gone up for a 3rd time a 6 nomen for bun would have turned into a 2 mil loss a 3rd offense means games are abandoned. because it is the

a new bull market, but can you have a bull market with a vix of 65? senator sanders gets his fondest wish. we consider the prime minister of this -- permanence of this income replacement. in this hour, catherine mann of citigroup. from new york and london, this is bloomberg "surveillance," from all, an exhausting week. interestingreally and the politics of europe and washington, and titanic market action, a really important interview coming up. seth carpenter will join jon ferro and me on bloomberg radio on the negative interest rates in the u.s. it is about this pandemic. what do you see in london? what is new with prime minister johnson and how he treats this viral crisis? francine: first of all, it is friday. a lot of people will be happy it is friday. focus on the markets and the numbers and try not to be overtaken. two fed presidents coming onto bloomberg tv later with michael mckee, and also catherine mccain -- catherine mann. london is similar to new york. i was taken aback by the jobless claims yesterday. that number may have been much bigger.

there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer! welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate you and teach you. call me at 1-800-743-cnbc or tweet me at jim cramer today's rally, second one in a row 496 points, rising 1.5%, nasdaq dipping 1.4%, shows wall street has faith in the stimulus

a technical bull market? or is it a genuine bull market?g about the roller coaster? >> well, it is definitely that -- a roller coaster. we get the sense there is not really anyone willing to say that we are definitively out of the woods just yet. sayle are very hesitant to is over in terms of this decline. especially with the rebalancing coming up. there is really not a lot of conviction in terms of calling the broader cell over at this stage. anna: you have been asking if yields will go up? in normal times, you would have thought so. infinity, may be some yield curves to be added. do we rethink what the debt day louche is going to do? >> i think so. i think investors are aware that there was a short-term spree here, which is basically mitigating the immediate effect of the coronavirus response and the impact on the economy. is wellong-term story investors do recognize that, this is something they will have to think about. governments are responding accordingly. i would say it plays out over the next 5-10 years rather than in the next week

reluctantly let's get rid of the bull market and price it in.: bensman saying it's going to happen but what's the callous to me got the catalyst. two this was the fastest drop from an all-time high of a bear market in history for the s&p 500. it has never happen this fast. and yes, we knew was overvalued, but we did not know what it was going to be. it has forced a massive repricing and not just in stocks and bonds as well and even treasury what usually gain in value when the stock market drops. their days this week were treasury also lost value when stocks were down that was crazy. jack: what was going on their customer. >> people are having to go to cash their selling what they had. >> if you assume zero grosser this year from last year i think we go back to serving a square deal. we might get a recession, if you get a recession there hasn't been one since world war ii you saw a decline of 13% because he shares go down another ten to 15%. think we're in a situation now where fourth-quarter numbers come out every company gets a pass. as long as

so let's talk about motive. >> district attorney ed bull was telling a jury in council bluffs, iowa,is finances the day he killed his mother. >> this case isn't about money. it's about pressure. it's about am i going to be able to be a full time farmer? >> this time around the burden of proof would be higher, beyond a reasonable doubt. and that's what prosecutors challenged without that rock solid csi-style evidence that juries love. >> i want three things in a homicide case. i want forensics, i want a confession and i want an eyewitness. in this case i had none of those things. >> ed bull would pretty much follow the map of the civil trial but the jury wasn't allowed to know about the civil case or its outcome, and bull's hands would also be tied by the judge's ruling that the jury wouldn't be allowed to hear about jason's affair or the steamy texts on his secret phone and that jason had lied about all of that at first. tara hope, the girlfriend took the stand but only to it testify to the gap in jason's time line and to the abrupt end of their conversation. >> was your conversation

. >> a lot of apple bulls. carter werth is saying, prove him wrong. apple will get back to where it was quickly. >> that's not likely when you draw it down aggressively you leave money left above a lot of money was committed to apple and other stocks in december, january, february. new players entering a lot of people embracing the bull for a first time. you quickly draw down. you leave that money trapped above. the bounce of today, retracement level, 38.2% it would be a herculean effort to get to the highs for this stock and basically all stocks. >> making a lot of bulls on apple not so happy tonight, carter werth thank you so much. remember, folks, i'm sure you have a lot of questions. let's be clear, these are historic times or decade long times. be sure to tweet us your questions b@opgs tions@optionsa. when the market is down you think everybody is going to buy gold but they're not. why not? we'll talk about that when we come back. ♪ ♪ ♪ dealing with our finances really haunted me.ttle cranky. thankfully, i got quickbooks, and a live bookkeeper's

there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people are trying to make friends. i'm trying to help you make money. my job isn't to entertain but to teach. call me at 1-800-743-cnbc or tweet me at jim cramer to believe or not to believe, that is the question the dow gaining 188 points, nasdaq surging 2.3%. this is an important snap back because it gives us a glimpse into the future. let's start with the set up. if you listen to the wise men of the hedge fund energy, they're telling you believers will be crushed. they loved the market a month ago. many of their fears are legitimate they have trillions of dollars in debt. the oil companies alone owe hundreds of billions of dollars. they can't pay it back in crude. airline is toast supply chain could cost 60 billion. the hedge funds i listen to, well, they're warning of 25% unemployment thanks to the government mandated lockdown. that's not a great recession, that's great depression with a c. y

it's been an incredible 11 year bull run. markets may be heading for the bear.ow long is the bear going to be in its cave. not as long as you think. lauren: coronavirus may be negatively affecting a lot of things out there but there is one industry that is not stopping and not changing. we'll have those details straight ahead on "fbn: a.m.." at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk cheryl: well, folks, it is over, the coronavirus pandemic ending the dow's incredible 11-year bull run, as the president is taking steps to curb the spread of the outbreak. let's bring in dave harden, cio of global investments. before we get to the president's comments from last night, the market seems to be looking for a bottom. how close are we? >> i don't think we're there quite yet. we have a lot on our plate right now with the virus. it's still in front of us in th

there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate, teach context. call me 1-800-743-cnbc tweet me @jimcramer. >>> when you talk to grizzly deck about this market as i do, they all pretty much say the same thing with unemployment spiking to record levels we're hearing 47 million people could lose their jobs, 32% unemployment stocks will soon collapse under their own weight according to morgan stanley, we could be looking at a 25% contraction in our gross domestic product my money manager friends were all glued to their machines sunday why, of course, like every sunday night they expected the futures to be down the limit so how the heck could the market rally today? i mean, dow gaining 691 points, s&p climbing 3.35% nasdaq pulling 3.62% simple because american science is at last in play science that may allow us to not only

mike santoli does a nice job talking about the bear bull indicators of the aai. it's the bears haven't gotten nasty just the bulls pulled back. >> you started the show saying why? >> wun you know why i asked that. >> why. >> because i have no idea. >> a sniff of a idea. >> everyone has a different idea. >> 21,100 point gains in three days. >> you did have the airline ceos in the white house, the first ones to take off today, that was that last leg higher in the overall market when you watch the two things happen, everyone wants to jump onboard because they think there is a bottom forming i think that's what you saw. >> steve mentioning the $50 billion. and he is right. but how much money this is not me speaking out of school schools are closing. people are now not traveling i have rchs conferences i'm supposed to go to that have been cancelled. it's not just me again, i don't know money is the cure for this. the market might think so. but i do think -- i'm not trying to be hyperbolic but i think more bad news is in store in terms of what it means fiscally. >> i t

. >> a lot of apple bulls and hey, carter worth, prove him wrong. apple's going to get back to where it was quickly >> yeah. that's not likely, right >> no? >> when you draw down aggressively you leave money trapped above and it's the nature of the quick sell-off lot of money was committed to apple and many stocks in december and january in february, 401(k) contributions and new players entering and a lot of people embracing the bull for the first time when you track this down, you leave the money tracked above. bounce today was a fibonacci level at 38.2% and it would be a herculean effort to get to the highs for this stock and basically all stocks >> making a lot of bulls on apple not so happy today carter worth. thank you very much. >>> remember, folks, i'm sure you've got a lot of questions. these are, let's be clear, historic times, or at least decade-long times. be sure to tweet us your questions at options action and also, you think when the market melts down everybody will start buying gold, but they haven't been why not? we'll talk more abou

a 20% decline would mean the end of the bull market. numbers plummeting so quickly they triggered what's called a circuit breaker put in place after black monday. that crash in 1987. the pause is designed to ease panic among investors and it worked for the most part. wall street on the brink of ending its decade long bull market but it stopped yesterday. president trump needs the declines to end here. he's using the economy as a barometer for success since he was sworn in. the white house has invited wall street executives to meet on the coronavirus. the president in a somber press conference laid out his expectations for stimulus. listen. >> i am discussing a possible payroll tax cut or relief, substantial relief, very substantial relief. that's a very big number. we're also going to be talking about hourly wage earners getting help. >> it appears to have helped for now. u.s. futures are up this morning, up 3% in a bounce back, what would be some 700 points. overnight in asia you saw an attempt to recover there, although not as robustl

i know you want a bull market in the industrials or maybe you want a bull market in the banks.here you can get it stick with cramer. the invitation to lexus sales event now through march 31st. get 0.9% apr for 60 months on all 2020 models. experience amazing at your lexus dealer. apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com ♪ >>> i offer no false hope, but i will not propagate fear. and always remember panic is not a strategy raise some capital if it will give you peace of mind but remember what warren buffett said ultimately you have to buy when others are fearful, and you don't know exactly where the bottom is, but there is a bottom of that i can assure you i like to say there is always a bull market somewhere, and i promis

regeneron is a company that's in fantastically well, as i understand, with the bull and other things. they are looking at some very promising events, also. so you have remdesivir, and you have chloroquine, and hydroxychloroquine. so those are two that are out now. essentially approved for prescribed use. i think it's going to be very exciting. i think it's going to be a game changer. and maybe not. but i think it could be, based on what i see. it could be a game changer. very powerful, very powerful. so i want every american should know we are doing everything we can, and these actions are important next steps. for the fda to act the way they acted with this kind of speed is an incredible thing. mostly they would say, "well, we could have it by next year. we could have it in two years from now." you understand, this is normally -- it's years and years and years. they had it immediately. based on the fact that it's been used for other things, totally unrelated things. we believe these therapeutics and others under evaluation right now will be able to provide relief to many americans. w

well the bull market is clearly over i mean just look at the numbers but i've been calling for not just a correction i've been calling for a bear market and we're in one but more problematic this is the beginning of the greatest financial crisis in u.s. history the financial crisis of us of 282008 will pale in comparison as will the severity of this recession we're going to have a much greater recession than the one that we had in 2008 the difference is going to be this one is actually going to have inflation we're going to have rising consumer prices and a falling dollar which is going to make it so much worse than what was experienced 1012 years ago now jeffrey do you agree with this is the sense that we're actually in store for a word. recession than we saw 10 years ago because we're definitely going into a bear market and what they're going to look like. look the numbers are going to show recession i think a couple weeks ago might have said the we would have chopped off a point or 2 from the g.d.p. in the 1st quarter maybe the 2nd quarter but but but now it's going to approach negat

the bull market went on for another 13 years secular bull markets last 15 to 20 years they aren't interrupted by a 20 to 30% draw down i've been in the business 56 years and six years with my dad. >> you look good >> part of the reasons stocks have sold off to this extent and there's this buying opportunity is you do have to allow for a probability that it ended. we put it at 30% but the reason we think that 70% is that the market has not topped on a sort of multiyear basis is because every bull market has a very large level of public participation at the end that takes things to extremes we just don't think what we saw in january and february was that type of extreme. with interest rates below 1%, we think it's the money that'sgoing into money market funds and fixed income over the last five to ten years will start moving towards stocks >> thank you very much glad to have you in the house. you do look great. >>> president trump targeting the federal reserve pressuring jerome powell for additional rate cuts and calling him pathetic fast trader money guy told us yesterday we shouldn't be racin