versus large caps had a tell on equity markets but do think, domestic small caps. a big tailwind for small valuations how much risks are already in the prices that you're seeing small caps really discount a lot of the risks but -- >> 18%, jill they're 18% off highs, where i'm looking at nasdaq. down 14% off highs s&p down 7%. clearly beaten up harder i think also immune from the strong dollar. threat to multi-nationals. where are valuations given the fact they've underperforms. >> small caps the only side segment trading cheap versus their history on forward pe and relative to large cap trading below covid and prior crisis lows trading at lowest relative multiples ever seen outside of, during the tech bubble so a lot of the risks have been reflected in valuations and you've seen the multiples compress a lot usually when relative valuations are at these levels, it's been a good historical long-term signal for small versus large a multi-year time horizon a good period to invest in small over large. macro indicators we're watching, looking at ism and mpmi the pick dow

no cap and trade! >> they are people screaming, and they're animated about cap and trade.summer of 2009, through the winter into the spring, we graally saw the u.s. senate back away from climate, basically because the handful of republicans who we thought would engage on this issue saw what was happening. they don't want to be one of these people who just voted for the climate bill, and now have angry protesters storming down their door. (crowd clamoring) it was a bucket of cold water. >> we stopped the bill from even going to a vote in the u.s. senate. so it died its own death. i think we recognized the moment of relief is when we realized they didn't have the votes to pass it. and the thing just fell apart. there was just too much pressure. there were democrats who weren't voting for it in key energy states. and at that point, everybody knew it was over. back to the drawing board for the progressive left. >> i was demoralized. (chuckles) i think we all knew this was the end of climate legislation in the u.s. congress for a long time. we had a shot at it, and we got beat.

stocks it's even worse for small cap stocks small cap stocks tend to have weaker liquidity positionsheir credit is not as good. these types of things pressure them significantly more. the other thing is it's already down considerably. and i'm not going to say this is a hedge. we're talking about a trade now. comf reasons for that. one it's already down 20%. two, most people are heavily in large cap stocks but the thing is this thing is moving around, and so it does offer an opportunity to trade, and we have to actually take a look at the technicals to do that and what we care about is what direction are we going in from here when or why is that going to happen and how far are we expecting it to move? it is moving right now so i think we can expect it to move and we probably should get a setup to require to figure exactly how far and how fast we should be betting on right now >> carter, what levels should we be looking at? >> right, there are always key levels but i think the thing to note is the sequencing, it's exactly the same as the real lows we are the big ricochet and now we're

h.r. 6833 caps medicare part d and private health plans. that is a direct government price control on private companies. i'm a doctor. i'm also co-chair of the house kidney caucus. i have an acute understanding of how expensive prescription drugs are and the need for congress to act. however, i also understand that as a structural issue and simply slapping price controls on it will not actually solve the problem. this will only raise premiums and shift the cost to patients with other diseases. thankfully there is a better way, h.r. 19, the lower cost, more cures act, is a truly bipartisan solution to lower costs of all prescription drugs. including insulin. the bill caps out-of-pocket costs on prescription drugs and medicare part d for seniors. allows high deductible health plans to cover insulin before the deductible kicks in. increases low cost options by bringing more generic and biosimilar composition to the marketplace marketplace. and increases drug price transparency for patients. and the best part? every provision is bipartisan. so

and that is the greenland ice cap. and we're here because the arctic is changing, and this year is changing faster than ever. events never seen before of made headlines across the world. the ice cap melted at a record rate, the water it created in 24 hours enough to entirely cover an area. the size of florida in 5 centimeters of water, great chunks of the she collapsed and drifted off into the open ocean. and it's been so warm. there's been rain, not snow on the summit for the 1st time on record. but what does it mean, and why does it matter? and what is what happens on the ice sheet has global implications, where the ice capital part of the plan is natural system and that system has been breaking down. we use this iceberg as a kind of canvas and put a map of europe on top of it and then super imposed greenland. you can see what a colossal land mass it is. and then if we put the ice cap on top of that, well as the vast, it's more than a 1000 kilometers from east to west and moving to 1000 kilometers from north to south

yield curve inversion is bearish here for small caps.he one thing i think is a little different this time is really if you look at the valuations of the russell 2,000, right now it trades at a fairly substantial discount on both a trailing and forward p/e basis relative to its history. if you look at valuations on those same measurements relative to small caps it's trading at a steeper discount small caps could be a little cushioned to the downside for value investors, but i think the trade structure mike is using is exactly what you want be to use. as he said, we're down 20% already. we're effect ly selling lows hoping the market goes even lower you want to protect your risk in that example he's risking just about 3% of the ets value to trade a debit put structure like this. and he's tar guesting that 170 level, which is from a technical perspective where i would target so i like the trade structure. i do have some concerns from a valuations perspective >> all right up next we are streaming right into some tweets on netflix and that sto

the ice cap is weighing down on the ice. and these continual cracks, izzy ice falls and collapses off into the water. and he see birds is wheeling around, feeding off these rich nutrients that a churned up by this continual flow of melt water that's coming off. the glasser and vast quantities because ah, just the greenland ice sheet and the effects of it melting a ser, important to us all. there's a huge amount of scientific research going on. deep within a few or oceanographer lawrence ma'am uses approach to gather data from the water in terms of climate change to with this we met measure how much fresh water is actually coming from the eye sheet. so we see in recent years, the amount of fresh water has increased strongly because it melts has increased stronger dental. so we measure temperature of the ocean because ocean in many parts of creedence in direct contact with the i sheet. so if the ocean warms up, than that the places will melts, faster and faster. and that's something we actually see. it's also important to take

the price cap _ every six months. well, that's right. the price cap we - every six months.very six months. well, that's . right. the price cap we are seeing todayis right. the price cap we are seeing today is reflective of prices in the wholesale markets we saw in the past few months. we have already seen enough, we have seen peaks we have never seen in history in the last few weeks, to make it be very plausible and probable that we will see a similar increase of several hundred pounds by october. and it is notjust hundred pounds by october. and it is not just the consumer hundred pounds by october. and it is notjust the consumer bills which we are rightly focusing on today. businesses are not protected by energy price caps so their energy bills are going up 400%, 500%_ bills are going up 400%, 500%. labour costs, national insurance comes in next week and all of that creates inflationary pressures which creates inflationary pressures which creates what we're seeing now, the biggest cost of crisis and the biggest cost of crisis and the biggest hit to living standards we have

but behind-the-scenes negotiations concluded with a deal increasing the cap. next year, the cap will increase to $350,000 for urszula injury at $500,000 for wrongful death. the cap will continue increasing at $40,000 and $50,000 a year for 10 years and after that, it will increase 2% a year. there is a lot to be done before this deal is final. but we will know in 30 days how things will go. dan: michael, thanks. drop conditions in northern california are prompting drastic measures down south. the metropolitan water district of southern california declared a water shortage emergency yesterday for its 6 million customers in los angeles, ventura and san bernardino counties. under this order, customers must reduce nonessential water use. some will only be able to water outside one day a week. those failing to cutback will face stiff fines. >> santa clara county is planning a gun buyback committed romantic increase in ghost guns. the incentives being offered. chris: chris alvarez live at the chase center, less than two hours to the tip-o this is elodia. she's a rec

small cap value. these areas.arket have priced in i think a lot of this negative news and if you can withstand the volatility as we kind of figure out where we stand from economic growth standpoint, these can look good from a long-term perspective. >> small cams are underperforming again today. victor, what do you think? down 23% from the high on small caps, worse than the nasdaq, and that is with a domestic economy that is faring better than the rest world and also where stocks are ultimately doing better than even bonds. >> yeah. it's true. i think that tina argument becomes more difficult to hold on to, especially in the face of repricing faangs stocks. i think small caps are probably a tale of two stories. you have in many cases in small caps and russell two 2000 cases of ridiculous or i should say higher valuations that historical measures and in some cases i agree with your guest that you have attractive valuations i think the problem here in my personal opinion is as you look out with what the bond market i

why can't— capped its energy price rises at 4%. why can't we — capped its energy price rises at 4%.here? i point out to them. — why can't we do that here? i point out to them, they _ why can't we do that here? i point out to them, they have _ why can't we do that here? i point out to them, they have state - out to them, they have state controlled _ out to them, they have state controlled energy _ out to them, they have state controlled energy supply- out to them, they have state l controlled energy supply which out to them, they have state - controlled energy supply which took a massive _ controlled energy supply which took a massive hit. — controlled energy supply which took a massive hit, 8— controlled energy supply which took a massive hit, 8 billion _ controlled energy supply which took a massive hit, 8 billion at _ controlled energy supply which took a massive hit, 8 billion at the - a massive hit, 8 billion at the time — it a massive hit, 8 billion at the time - it could _ a massive hit, 8 billion at the time - it could he — a massive hit, 8 billion at the time — it could be d

and check out mega cap tech names, something to watch into the close. the faangs are all lower microsoft, we're inclugd that in faang, down more than 3% currently the worst performer in the dow. that's why the tech heavy index is weighing on the overall stock market remember, the nasdaq composite was down 4% last week. so we're adding to those declines and it's all about higher interest rates. the ten-year yield going to 2.75 first time since 2019. we have great lineup to help you navigate the market volatility, including tom lee, kyle bass, mark mobius. plus, we will talk to former twitter board member mike mccue about elon musk's decision to now not join that company's board. let's get to inmarket as stocks fall to start the week after the major averages all logged losses last week. joining us is tom lee, and tom, just remind us of your position. you're not wildly bullish, but you are more bullish than the average cnbc guest that we have on lately on stocks, right >> yeah, that's correct. i think the street and our institutional investor clients have

into large cap.ard in all those large cap biotech companies? >> yeah, and the timing makes sense to you given everything that's happening in terms of the macro backdrop let's move to walmart. maybe a more straightforward story. it's already near an all-time high of 154 when people are debating the strength of the consumer you think it's poised to break even higher? >> coming into its all-time high, i think you get the breakout this fits our market outlook nicely reasons to be cautious going into the summer months, that we think low volatility stocks are warranted in the portfolio really just given really still poor and weak internal breadth and looming weak seasonals about a month away one of those low volatility industries that are a standout to us is food and staples retailing. why? again, it's the broadness. the leaders in the group have been costco, kroger, bnk's wholesale breaking out as well i think that strength broadens out to walmart next. it's rallied right into its peak going back to 2020

a new energy price cap will — does as a family. a new energy price cap will see _ does as a family.new energy price cap will see the average l price cap will see the average household bill rise by nearly £700, to nearly £2000 a year. it is expected to rise further in october as the cost of gas in october as the cost of gas in the electricity generated by gas are set records over the past few months. for nearly 50 years, most of the uk gas has come from here, the north sea. the uk is not insulated from the forces buffeting international energy markets. out there, in the north sea, dozens of platforms are producing oil and gas and it comes in here and three pipelines but, as investment and production has dwindled, thatis and production has dwindled, that is less than 40% of our gas also coming right onto my feet and popping out over there are pipelines from norway which provide 40% of the uk's gas. we get about 20% in liquid form and the price for all of that are set internationally and thatis are set internationally and that is where we have seen what can only be described as a perfe

small cap 600 index.lue sinking after an all-cash offer to spirit airlines throwing a wrench into the existing plan with frontier. and speaking about the impact it would have. >> when you scratch behind the surface and look at what the regulators are trying to do, make sure as a result these combinations, fares, go down rather than up, we actually believe a jetblue/spirit combination positive have a more permanent effect in lower fares than merger of the ultra carriers. >> jetblue shares down 8%. all airlines in red today. >>> up next, the best places to work in america, and a couple of ntveial cororsor maybe we should say surprising names top the list can you guess them don't google it. we'll be right back. >>> welcome back, everybody. linkedin out with a top list of companies to work for in america. dom chu hsomewhat surprising works. >> surprising sums it up same amazon, right, first lost a historic union vote at a warehouse in new york city and the same amazon criticized being unfair to workers at man

- is free port considered a small cap? >> yes >> on semi, which i think of as a bigger company in palamar? >> palamar is the smallest in that group they're going to earn something like $3 in 2023 and $4 in 2024 that's an insurance company that's growing at 30%, trading at 15 times earnings i think that's a real value, the ceo has been doing a great job, and i think, again, eventually the stock price will follow those earnings, and on semis, a little bit bigger, and it's just -- it's really hitting on every cylinder they were supposed to get margins to 40% in three years. it's above that right now. that stock is also cheap, and industrial automation, and electric vehicles and 5g buildout i think that one is going to work well, and free suport is t last one it should work well as a hedge against inflation and also electric vehicles using about four times as much copper as combustion engine cars >> i can't wait to see what happens with the small versus large, but certainly the sectors that you've picked have been working no m

as the fed raises raitstes and economy slows down, it will effect small caps. on the long term basis, they are attractive we see price trends weakening and the earnings momentum relative to small cap weakening as well. small caps are leveraged we do think we will have somewhat slower growth in the economy relative to the last year or two. >> so no recession, but slower growth are you downgrading equity what are you overweight? >> it is more where there is opportunity within sectors we have been overweight in energy over the last year. we still like energy, but it in a digestion phase. areas such as consumer staples is an overweight we still continue to like reits. some tech exposure and reflation exposure health care and materials which are latest in the cycle. >> how do you see inflation coming out everybody is looking ahead to that cpi how is cpi doing does it still impact energy and reits? for cell towers or whatever else >> that's right. energy is a direct play on inflation staying elevated oil prices supported as well we like energy consumer staples if you

matt: he has an agreement to cap his holdings but he was a passive investor.oday he is the boss of the company. how does that make any sense? >> prior to elon musk, look at the function on the terminal and the existing table or a spread of shareholders, jack dorsey was the single biggest individual shareholder at 2.7%. elon musk has blown way past that. you see that and you use the rich function on the terminal and issues of the pie chart, the overall network is a drop in the ocean. from twitter's perspective, the conversation turns to what actions he will take, whether it is the edit button or the feel-good effect around elon musk. i think we have a chart showing that the average analyst price target is below where we are trading on the share price. analysts cut price targets following the news yesterday. what is going to drive the stock here seems to be intense retail investor action. twitter is the number one stock on the fidelity trading platform. what does institutional wall street make of this? they did not love twitter or tesla. matt: they questioned th

every six months, the price cap changes and so this is the point at which the price cap is changing,ssed onto consumers. that is why we have had a big increase, 50%. it is important to say, that is for someone using a typical amount of energy. the £2000 or so annual bill we have been talking about is someone who is using a typical amount of energy. if you use less then your annual bill is likely to be less, more it is going to be more. we are working on averages, typical usage but for many people the bills are probably higher and they may well have been paying by direct debit and they have got that horrible e—mail from their supplier saying we are going to put your direct debit up because of the situation. you can challenge that but it is inevitable that your direct debit, your bills are going to be going up. laura, what specific government assistance is available for pensioners, this person wants to know. lots of people were hoping for more help for pensioners. there is not a lot of specific new government support announced for pensioners. the perennial things, pensioners are entitl

the s&p is down more than 3%, capping off a brutal month, now down more than 8% for april.thering in omaha is under way. our mike santoli is there for the festivities. for today's dashboard, mike, you're looking at some of warren buffett's top holdings, including apple, because it's lower on the back of earnings. >> yes, it is lower, sara. obviously down 3%, not a real tremendous move off of those results. but clearly not immune to the pressure what's interesting is over time, since warren buffett and berkshire hathaway have bought their stake in apple, how it's become revalued. take a look at how it compares to coca-cola, which of course is a decades-long holding of b buffett's. they both are in parity. about 25 times forward earnings. most of the past decade when he was acquiring his shares, apple was seen as a hardware company it was not given a generous valuation. and buffett's insight or his case that he made when he bought it was it's actually an everyday consumer product consumers rely on it they're not going to switch away from it. it's a premium brand, margins can

the other one are to cap story. they don't always good credit, but a lot of caps are actually very affectionate. owners know that new research says that caps might recognize their owner's name and the names of other cats in the house. the experiment play the names of% the other cats in the household then showed caps a photo of another one that didn't match the name. so the caps just kept staring at the wrong photos. and the researchers say that's probably because they were surprised. so they are not stupid. they knew that the photos. >> we're simply wrong. catch on. the study also reacted appropriately when the names of their owners were called. that is very interesting, but not alwa s seem so loop. >> yeah. well, mine are like fat come when i call to see it. why hide your skin if dupixent has your moderate to severe eczema or atopic dermatitis under control? hide my skin? not me. by hitting eczema where it counts, dupixent helps heal your skin from within keeping you one step ahead of eczema. hide my skin? not me.

government lifted the cap on ublic crisis. government lifted the cap on public sector _ crisis.vernment lifted the cap on public sector pay at the _ crisis. government lifted the cap on public sector pay at the end - crisis. government lifted the cap on public sector pay at the end of - crisis. government lifted the cap on public sector pay at the end of iastl public sector pay at the end of last year but after inflation it remains to .1% below 12 years ago. with inflation expected to peak at up to 9% this year, pressure for bigger pay rises, especially in the public sector, will be expected to grow. police say they have issued at least 30 more fines for breaches of lockdown regulations in whitehall and downing street. this comes on top of the 20 fines sent out last month. let's get more from our political correspondent david wallace lockhart in westminster. what have police search? the last time we got an update was much the 29th, at which point the police had 20 fines were issued, they have updated that to say over 50 fixed penalty notices have been referred in relation to eve

the energy cap - still be covering it then? yes, this covers... the energy cap is i covers... investment in north sea oil and gas as the uk and western allies try to move away from russian oil and gas as well. but certainly i think the pressure on the treasury will continue to rise to step in as people start to feel the impact of the price rises today. when the chancellor outlined his spending plans in his bank statement, he didn�*t necessarily close the door to further intervention in the future and said we would have to keep a close eye on how prices develop over the year, hinting perhaps that come 0ctober the year, hinting perhaps that come october when we see the energy price cap go up again is expected that more intervention could be needed to help people with their bills. with me is manpreet kaur from birmingham who has been supported by two not—for—profit organisations who received grants from the british gas energy trust charity. and also i�*m joined byjessica taplin, ceo of british gas energy trust — a charity independent of british gas which focuses on relieving fuel

and the mid-cap and the small cap, that seems to be the place to be.accine or covid once although she did say moderna but she didn't say covid >> right or wrong? we're all in agreement on that one. next, celtics tonight. do the nets pull it out just for the fans in brooklyn yes or no. >> yes >> i think they get swept. which is unfortunate for net fans but you don't play in new york anyway amgen reports this week. i like amgn, melms >> fun to be all here together in house thanks for watching "fast. see you back here tomorrow at 5:00 for more "fast. "mad money" with jim cramer starts right now. my mission is make you money i'm here to level the playing field for all investors. there is 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 make friends and i'm just trying to make you some money. my job is to educate and teach you and call me at iphone phone -- at

the price cap _ seen them so high. but things could get worse. the price cap is - get worse.hs so could go one way? every six months so could go one wa ? . . , ., every six months so could go one wa ? . ., ., way? yeah, as of tonight, clive, rices way? yeah, as of tonight, clive, prices are _ way? yeah, as of tonight, clive, prices are six — way? yeah, as of tonight, clive, prices are six times _ way? yeah, as of tonight, clive, prices are six times higher, - prices are six times higher, wholesale prices, than they were this time last year and we've seen peaksin this time last year and we've seen peaks in recent weeks and those are the prices on which the next price cap will be based so it's quite likely we could see another 600 or £700 added in october and that's why the chancellor is under enormous pressure to do more than he's already done to help consumers but also to provide an energy strategy so that we need more gas in the short term but less gas in the long term and a long—awaited overdue energy strategy as opposed —— is supposed to come out next week and don't forget

stocks, midcap and small cap stocks etf, small cap trade down 10% on year-to-date basis s&p 500 down 7%. meanwhile, midcaps, sweet spot there, down 6% 5% to 6% now reason why you're looking at that, in a time of this kind of stress, are the midcaps going to be that sweet spot space again small cap investors move up the market cap spectrum to find a little relative safety and where large cap investors go down the market cap spectrum to see if they can find a little out performance or alpha see if mid cap plays out more like that in comes months. stock of the day, kelly mentioned at the top, a very big week for streaming in competition headlines and economic headlines, terms of all kinds of content headlines warner brothers discovery on a one-year basis down 17%. if you look at trade today down 8% streaming not had a good week. with announcement now we are seeing cnn plus unwind after just a little over a month in existence, brings you to this notion that from a competitive standpoint, who's going to win or lose, who's going to outperform in streaming? very much a space a lot of people

nasdaq and small caps now getting hit the hardest.f the week to date gains for the major averages as well is this just how it's going to be a bumpy period as long as rates are moving higher and the fed is speaking hawkishly, because fed chair powell pretty much gave that message today >> it's a decent assumption, sara, that the market is a bit trapped in here. not just because of what the fed is doing, but the somewhat independent breakdown of the huge cap stocks. one by one, kind of losing sponsorship, and obviously, rates have a little bit to do with that and the fed outlook does as well, but you're obviously also seeing this bleeding out of valuation excesses and premiums that got pushed in there. i think all that is true that being said, this is an ugly reversal to the downside today, but we're just bumping along last week's lows we kind of rallied up right to the 200-day average. it's very regimented range bound action at least at this point as opposed to some new reason people are fleeing >> energy, internet, semis, software, ch

avoid small cap. especially small cap value avoid emerging markets and european equity markets that are far more cyclical. don't do well with a stronger dollar backdrop. the fit behind the curve is only going to continue to increase the strength of the u.s. dollar or weakness elsewhere. that's generally an additional tightening for those markets overseas so would be avoiding higher beta stocks, highly cyclical stocks i think we're in the ninth inning of this commodity trade cyclicly but we're in the second inning of this global slowdown story. >> wow i should add in case you haven't rattled people enough, you also say full stop avoid bitcoin. >> yes and bitcoin over the last three or four years has seen an increasingly higher correlation with equity markets and specifically it trades with about an 85% correlation to higher beta stocks that is the last place you want to be at a time when the global economy is slowing risks are rising >> all right >> yeah, i think bitcoin gets cut in half over the next

microcap, small caps, russell 2000, mid-caps are extremely oversold.verything else is just oversold. when does someone step in here? when do you step in to be a buyer? >> i would start pretty high level across the spectrum we're pretty neutral. don't go too over your skis or over mid and small caps. on one hand earnings for small caps are expected to be strong. valuations as you mentioned still look attractive. on the other hand the business cycle is maturing. it is a fact of the matter as business cycle matures the performance of small cap companies are a bit more challenged relative to small caps. i would take it a step deeper, within the small and mid-cap space where there might be opportunity? there are investment themes absolutely public medicalled over the last six months or so. think artificial intelligence, big data, cybersecurity, areas if you're a long-term investor, if you have a long-term horizon, they have growth opportunities. they have been absolutely crushed these past few months. charles: absolutely. >> that might be an area to take a

cap on treasury. $35 billion cap on mortgage with levels reached in three months mortgage-backed security sales are possible after the run off is well underway the plan has to be formally adopt in the may meeting fed was stopped raising 50 points due to ukraine fall out, but this from the minutes one or more 50 basis point increase in target range could be appropriate in future meetings particularly if inflation pressure remain elevated or intensified, put it together 50 basis point hikes and $90 billion in asset sales one of the most aggressive tightening cycles since 1994 here's the question will it be enough to coral inflation? and how much economic growth, employment and stock market will suffer as a result. >> what did you make of the billing dudley opinion on bloomberg? >> a little overstated but essentially right. >> yeah. >> i mean the fed needs to tighten financial conditions and can get it from the bond market, from the stock market and get it from a decline in consumer demand those are three ways to tighten financial conditions and the market, given where we've been and where w

and they shoved the markets higher, small caps, midcaps, big cap tech, all ending the day 2% up that does not look to follow through. but it is early. stocks are up as bonds keep falling and borrowing costs keep rising the ten-year yield creeping back toward 3%, now over 2.9% get those 3% yield hats ready because it looks like it's coming. >>> oil took a hit on tuesday, down about 5% in u.s. trading but that's reversing a little bit this morning oil was slightly higher. growing concerns over oil demand going forward assuming everybody starting to pull their estimates down here in the united states both ether and bitcoin are down after rising with almost all the markets yesterday. we'll get more on all of this in moments, but first let's see how things are looking overseas because while stocks certainly get all the attention, a big move in bonds in europe has been an even bigger one than we have seen here. key yields in the uk and germany hitting seven-year highs let's get more on that and your morning trade with rosanna lockwood in london good morning, rosanna. >> good morning, brian

gaurav: i'm large-cap em, we have concerns. on small-cap em, less or so.mall-cap em is benefiting from some of the stressors on the supply chain side. small-cap firms are less are dependent on global credit conditions. smaller cap firms have been able to preserve markets and is one of the sectors where you have seen almost a 4% expansion between december 2019 and december 2021. that makes the segment more interesting. also lesser exposure to china and mortar taiwan and india and those three economies have benefited from the stressors that have occurred. on march cap em, concern still. small-cap, which is exposed to domestic stories, not the stress around oil and all of the things that are global in nature. haidi: that is interesting, especially when we do have prices continuing to rise and you are expecting smaller companies to struggle with margins. what do you think? gaurav: in our experience, starting with the small companies, these companies are finding they are being able to pass through price hikes and medic of these companies are smaller components

today, amazon, 14% loss was the biggest since 2006 the company cutting $205 billion from the market cap in the last 24 hours that, by the way, is more than two netflixes. as we get ready to kick off a new month, thank goodness, a new month is coming, what is the market trying to tell us tim? >> exhale. a week when 50% of the s&p reported and i've got a couple more stats we lost a trillion in faang, market cap this month. we're within 20 basis points of two-year notes which closed on a high for this cycle, december 2018, low end of the curve rates are important for equities 20 bits away from back up may 2008 all of these things, but, look, the earnings this week, the good and the bad of apple was for me what i heard about was supply side dynamics, we heard that largely from the companies that reported i thought we heard a little bit of demand side from their services business. but really we haven't heard demand side issues from anybody. and that's the part of this that concerns me when i talk about rates. the consumer is doing just fine right now. if you listen to most of the companies,

we do small and mid-cap investing in u.s.tocks and all cap investing in international and global, and very recently we went into your business. david: now you are in the most important business of all, private equity? mellody: [laughs] i don't know if it's the most important but it is the hottest right now. we are trying to do it differently. david: your firm specializes in cheap stocks, you are not into the tech stocks and high flyers, but the high flyers have done well. mellody: crushed it. david: does it make you think you should get into that business as well? mellody: i think the opposite. whatever worked in the past will not work in the future. most people fight last year's war. that's not how we think about things. you want to think what has not been successful, and that's where you want to be. so, when we look at this past decade, where large-cap and growth have dominated in a way we have never seen before, filling valuations we have never seen before relative to value or cheaper stocks, we see a tremendous opportunit

bob says that's where a new cap should start. and then -- >> it needs to increase with inflation. so to me the only thing that's going to hold marriott and companies like that accountable is if this law is changed and it has some real bite. >> reporter: also, when a hotel is to blame for a property loss, bob's attorney, roweny bellos, says guests should be paid in full for whatever they lost. >> there shouldn't be a cap on that. >> reporter: we asked marriott about bob's case. maybe it would reconsider his claim. we did not receive a response. >> i'm hoping that somebody in the legislature in california sees this and says you know what? it's an easy -- this is an easy thing for me to fix. wrpt we've seen the e-mails to local lawmakers to see if they're interested in updating the innkeeper law. for you we wondered whether insurance might reimburse you for stolen luggage. the answer is yes. but not necessarily travel insurance. >> personal property, believe it or not, actually might be better covered under their homeowner's or renter's insurance if they have that. personal property

its price cap sets a limit on the _ what this means.the price _ what this means. its price cap sets a limit on the price we _ what this means. its price cap sets a limit on the price we can - what this means. its price cap sets a limit on the price we can be - a limit on the price we can be charged for our energy, affecting 22 million households and clearly it's a big impact today because today is the day every six months it will be changed, so today and at the start of october if you use a typical amount of energy will pay about £2000 a year, if you use more your pay more and less you'll pay less or if your cheap fixed deal has come to an end you may see your bill rising. what are the key factors behind this huge rise? it’s what are the key factors behind this hue rise? �*, ., ., huge rise? it's about the wholesale rice and huge rise? it's about the wholesale price and we _ huge rise? it's about the wholesale price and we can — huge rise? it's about the wholesale price and we can have _ huge rise? it's about the wholesale price and we

pinky with a lift a gold cap of a novelty with a lift and a paw cap with a coniferous needle, but there not surprised that for so many years his man was torn, but he was not surprised that his cap was torn from care for so many years. red and blue red blue pink green dacha no. well, the gnome sang a song at the peak of the rise and lotto your cap coniferous wonder pinky under the tree and lettuce. superbly amazing, my friends are even, very good 13 13, because you are all well done, we are moving on to our next competition, which is called explainers let's go. we are after the supplement, if you guess a little, take the supplement or not. forgive yourself is better than 0 for a mistake. the first explanation for you is to carefully look at the screen. it is needed in order to choose clothes inspect generally small medium larger larger larger larger more more a little more a little more a little more. anya is very often mistaken with him. because of it, you can look into the future. a single line, this is called the removal of the brain, really describes the tin, the word we thought of s

at least for the small caps and dow.on the dow that's it for me on "closing bell." over to "overtime" now with scott wapner. >>> sara, thanks welcome to "overtime." i'm scott wapner just heard the bells of course, we at post nine just getting started. speaking exclusively today with former twitter executive ryan sarver on elon musk's bid to buy that company remember, today is 4-20. on the air at 4:20 and see if anything happens and by the way, speaking of mr. musk, do begin with our "talk of the tape." tesla earnings due out any moment another big day for the dow up more than 700 points in just the past two days few earnings as highly anticipated at these numbers as

taxes are one of them, price cap, escrow accounts.ing above the price of $50 and goes into escrow accounts, which is distributed for particular reasons, initiatives. the rest is paid in energy bills , by definition will become smaller versus what the european union is seeing currently. many different options to look through, not just the full embargo. we are pointing out that the timing matters immensely because the market needs time to adjust. kailey: what we are talking about here is phasing out supply. can we talk about demand, specifically from the largest crude importer in the world, china? people with inside knowledge say that demand is expected to drop 20% this month from a year ago. how does that act as a counterbalance? natasha: everything helps because at the moment the market is relatively balanced. we are starting to see the first releases. about 1.3 million barrels a day. but if you look at russian exports in general, they been declining at about one and a half million barrels a day. we think the release is actually offse

the options and the options are giving you great opportunity day in and day out we talked about big cap tech and it was microsoft and facebook and just about every one of those big name tech names outside of amazon and uyou were seeing that option activity. you have to be nimble and if you can be nimble that's the way to do it and that's one of the reasons why when i spoke to patty, i was saying, look, i see so many opportunity than i am finding opportunities within stocks that it makes far more sense to do that i also seem to be sitting on a fair amount of cash right now because of the cash that i'm doing far more trading in options than i am in stock so at the time, if i see the right opportunity, scott, i'll jump on it and i'm looking at stocks all of the time trying to make that decision and the options absolutely exploded relative to the stock. >> bear with me. we have a result on the union vote regarding amazon. deirdre bossa. >> workers at a staten island warehouse have voted friday, just moments ago, we got the final results, to join a union again, this is the first time this ha

the price cap rises more. i cannot _ by 6.6% to £9 50 p. the price cap rises more.all going to be hard and we are all going to have to work together to try and get through it. the chancellor of the exchequer is looking very closely at the impact it is having on individuals and theirfamilies and it is having on individuals and their families and across the economy and trying to balance this within the financial constraints we have. the economy has just come out of a pandemic with costs keeping people going through the last couple of years. people going through the last couple of ears. ~ , ., people going through the last couple of ears. ~ y., ., of years. when you say we are lookin: of years. when you say we are looking at _ of years. when you say we are looking at what _ of years. when you say we are looking at what we _ of years. when you say we are looking at what we will - of years. when you say we are looking at what we will do - of years. when you say we are looking at what we will do to l of years. when you say we are - looking at what we will do to help, it i

there's an incredible amount of loss of market cap and i mentioned 50 billion in the history of netflix, says josh, we've seen five or six months like these. reed as in hastings, always figures it out and always a buying opportunity in the end. let's begin there. josh will be on tomorrow and he'll tell you in more detail why he made this decision. he says he will buy more under 200 or at least he may that's the issue that we have in front and center of us right now. pete, you own netflix shares. >> right >> you bought netflix puts and you're selling calls against it. what do you make of josh jumping in here down 36%+ today. >> where he bought it it wasn't down 36% at that point in time if he bought it on the open it was closer to 250 and that's when it started to tumble further. i can tell you this, i agree with josh's premise, but the been thing i would disagree with is oftentimes when you see moves like this, just incredible moves to the up or down side you want to wait a couple of days oftentimes and let a little bit of that dust sort of settle and that's the only criticism i would h

cap -- large-cap tech.om: we continue to look at innovation and exposed to that as you look at the pressure on bond yields and what that means for the u.k. maybe 10% on the upside when it comes to u.k. equities. caroline simmons, u.k. cio at ubs global wealth management. then you for joining us. coming up, we are joined by michel paulin, from ovh. we talk about the earnings for the company this morning. we speak about microsoft and the european commission. don't miss that. this is bloomberg. ♪ tom: welcome back to the open. we are 20 minutes into european trading day. paring some of the early gains we saw. the dax is still up about 0.1%. we have 20 points added to the cac. the ftse 100 lower by 0.3%. technology performing quite well and bond yields are slightly lower. telecom going lower and energy under pressure by 0.2%. let's stick with technology, the technology services company ovhcloud reported their first 2022 results this year with strong performance in public and private cloud programs. it is one of

do you mean cap?me, too, with my djs, they can get hooked on drugs, like all hollywood stars, what the fuck, or what? this is for the people. i'm interested in the father of one of the girls to arrive what surname here he got to the core of me. well, i want to divorce inga for money, at first he threatened, and then we agreed, what we talked about. he offered money so that i could fuck off and fuck off. anya, where is he now? he took his daughter away from people like me, like, there are none there. what is what you want, by the way you life? otherwise, you should lie in a coffin in a poison cap. well, by the way, i also often warned about the danger. and when he said that i would kill him, it's better for you. yes, i'm fine, but i'm not sure. it is not yet clear who could have poisoned the primogen. his competitor dmitriev is no longer a shock, but that's not a shock. eugene is also beyond suspicion, why don't they act? only at night. tomorrow morning we'll warn him, but for now i'll stay at max's to