liz: charlie gasparino, thank you very much. go talk to moglia, he's in the green room. both worked at merril lynch. liz: dow is down 111, russel is negative but the nasdaq is still holding on at about 101 points of gains s&p up six. for what they need. woooooooooooooo... we are not getting you a helicopter. only pay for what you need. ♪liberty, liberty, liberty. liberty.♪ (dad allen) you know when you see a great deal on a phone, and then realize it's not for you? not at verizon. .he . for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. ♪. liz: okay. can the s&p hold on to its gains? we are up just seven points at the moment. the dow is down 105. russell and the transports have turned red. as we know the markets are just drenched in volatility leavi

charlie gasparino, thank you very much.sses, but today's countdown closer thinks blue could be the cure. he thinks ibm stands out from the stock market pack hawaii's coming up. as far as the big board goes, so we were positive for a hot minute, we're down 54 right now but, again, the dow was down 600 plus points earlier: take it for what it's worth. we'll be right back. ♪ ♪ with my hectic life, you'd think retirement would be the last thing on my mind. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. voya helps me feel like i got it all under control. voya. well planned. well invested. well protected. another crazy day? of course it is—you're a cio in 2022. so what's on the agenda? morning security briefing—make that two. share that link. send that contract. see what's trending. check the traffic on your network, in real time, with the next generation in global secure networking from comcast business. lunch? -sure. you've got time. onboard 37 new people, with

got to bring in charlie gasparino. charlie?he's tweeting now that he's going to start voting republican. he's leaving the democrats behind. where is elon musk right now and what about the jail situation? charlie: where he is, i have no idea physically or mentally or anything else. his tweets do suggest that he knows some legal issue is coming , and it sounds like what he tweeted with that he's going to vote republican is that he expects and i'm paraphrasing here, he expects somebody, the ruling party to basically come after him is essentially what he said, if you can get that. >> political attacks will escalate dramatically in coming months. charlie: my guess is that he knows something is coming. we refers to a report he was under investigation while he mounted this twitter bid for stuff he did or allegedly did while at tesla including potential accounting irregularities including how he made his filings for the tesla bid, how he didn't file them in proper time. by the way those aren't major problems but here is kind of somethi

charlie gasparino has a piece out on how the fed is managing inflation. chance for being here. >> i'm still trying to get over the compost comments. >> tucker: if you don't understanding a culture or the economy, which is true of a lot of people, maybe you don't talk about it in public. the message they're sending is we don't care. >> right. tucker, i think what we have here is one of the most avoidable economic crises in the last 20 years. something that was created pure cynicism. cynicism on biden's part that he kept spending and putting the lefties in regulatory jobs. he wanted to be more liberal. more transformational progressive than his buddy, barack. that's why he did it. everybody knows that's why he did it. there's no reason to pile on the spending this time last year or try to. because the economy was improving. cynicism on the federal reserve's part, jerome powell that he kept printing money at the same time because he wanted to get reappointed to be fed chair. now we're in a real pickle. we may get out of this with a mild softish landing. but

charlie gasparino has more on what has come of the meeting. charlie?ybody thinks that banks and insurance companies and real estate companies only enploy people that take cabs and limos to work. they don't. they employ a lot of average beam. that what has happened the employers that run the businesses really up in arms. they had a meeting with eric adams that lasted about a half an hour. this comes after the tragic death of daniel enriques that was shot tragically sunday as he was going to brunch on a subway platform. we understand from the meeting here, some of the things that were said and communicated to mayor adams, david solomon, the ceo of goldman sachs, told the group that he called eric adams and told him point blank, why it's a big-time tragedy, it's not isolated. his employees feel unsafe because of crime and it's hard to do reopenings post pandemic unless they feel safe. they feel more threatened by crime than covid. that was essentially the message given to eric adams and david solomon very particularly because it hit home close to him. an

is this the beginning of the implosion of hedge funds charlie gasparino is here. here is something interesting about the musk thing say twitter does not, is not going to renegotiate. >> no they said they are going to enforce the deal. charlie: how do you force the deal? you have to go to court and this gets back to what we said yesterday that people went nuts over. they go to court and they seek a court order for the judge, from the judge, to compel musk to go through with the deal because he signed the documents, he didn't do due diligence and you have to have a material adverse event in essentially to back out of the deal. again, if he thumbs his nose at a judge, a federal judge, he could end up in jail, and that's stuff that he does a lot. remember, the sec and all their consent decrees he had with them over past settlements with them, so i'm saying this thing is, this is like the beginning. >> cheryl: kelly said the same thing. this is not a dumb man. charlie: but he's rash. why would not say i've got a deal at 420, signed, done deal, i can't remember. >> the

let me get to charlie gasparino. >> the market consensus not short-sellers but the ceos that i talkedto go through with it the purchase and might get repriced lower but they think he is too much invested in operates on a different level. amc earnings are "after the bell" the reason why i bring up amc earning as the stock it's an example of the market over the past year end a half. mark infused with fed easy money and people go on the risk spectrum by stuff based on a whim or a theory and all that stuff is getting corrected, violently corrected along with tech is exactly what i told you when you risk which is going on now the riskiest assets get crushed. bitcoin, crypto, amc, gme, all the darlings you needed this. thing this is so heavily pumped by so many people most people got into this and lost a ton of money they got into at this time last year when it was rising to $77. liz: the stucco at the repricing on twitter. hindenburg has been right on many occasions. >> i have no idea what's in elon musk's brain cells. he tweeted today he was good to get burned by the russians of the mothe

charlie gasparino, what do you make of that? could it happen again?side of lehman when they carried the boxes. it was a scary time. what led to the final crisis when lehman imploded and back in march of 2008 but lehman touched it off. the notion that every bank on the street had on its balance sheet the toxic assets given the housing crisis, everything had to be marked down. that meant the banks were insolvent. i don't think we're there yet. this is a theory. i'm not endorsing it. retail right now is so embedded in crypto. that its embedded in every portfolio, embedded in every -- almost every asset manager has a crypto part of their portfolio that there is a systemic risk that if this gets written down very far, coin base is just an example, but others, particularly if something like tether, which is what is known as a stable coin that is backed by real assets, dollars, it mirrors a money market fund. it's not supposed to break the buck, which it did apparently. >> neil: that begins a meltdown. >> everybody starts selling. like this is fugaze. let's

now while we spent the weekend with warren in omaha, charlie gasparino is out at the conference in beverly we look at bitcoin, ethererum and litecoin it's the ripple ceo brad garlinghouse, he joins charlie next and we'll see what he thinks about buffett and munger's view of the crypto verse. closing bell 29 minutes away, dow jones industrial now positive as well joining the team of s&p, nasdaq, and russel. everybody turning around in this final half hour. stay tuned we've got much more. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. who's on it with jardiance? we're 25 million prescriptions strong. we're managing type 2 diabetes... ...and heart risk. we're working up a sweat before coffee. and saying, “no thanks...” ...to a boston cream. jardiance is a once-daily pill that can reduce the risk of cardiovascular death for adults who also have known heart disease. so, it could help save your life from a heart attack or stroke. and jardiance lowers a1c. jardiance can cause serious side

joins now from connecticut, charlie gasparino, senior correspondent for fox business network.bit pagerring business insider's reporting, but maybe musk knew that this was coming or something like it when he predicted a campaign of political dirty tricks against him. >> well, you know, he's in the news, so people are going to do reporting on him, and stuff like this is going to come up. obviously, the number, $250,000, it wasn't $250 million or $2 million, is appallingly low for a, quote-unquote, serious crime that's being alleged. there was no, and there was no criminal charges brought against him. so you've got to look at this with a grain of salt. i would just say this, whether it's politically motivated or not, it's hard to tell, i do know when someone's in the news like elon musk is right now, you go out and to a lot of reporting. by the way, there are a lot of professional investors who bet against tesla's stock. they're called short sellers, they do all kinds of research on the company' cease owe. -- company's ceo. i could see that being the source of a leak more than an

england right now , and the next in line to the throne is hosting but nothing secret from our charlie gasparinoould you pass the salt? liz: you have to learn how to do the cufflink thing. charlie: come over here and serve me my tea, brian, you think you're the ceo of bank of america, you're really one of my subjects. liz: [laughter] charlie: listen, nobody knows this , but i mean, it's fascinating somebody that was at goldman sachs tipped me off to this , so to speak, that there was this secret meeting that occurred between top executives at all these banks, including the ceo of bank of america brian moinahan, with prince charles they hung out at buckingham palace, went to st. james palace, ate some good meals, and in between all that, they talked about esg and like how to make the world a better place. of course they all kept it a secret because they were flying on their private jets which, you know, adds that carbon footprint of the world, but i can't help myself, they didn't exactly take freighters over there. liz: like the auto ceo during the bailout. charlie: but they spent two days having

another one of our huge players charlie gasparino on what ken fisher warned about here and how the crowdat is delaying the great return to work. it's not just covid. it's not just crime. it's combining for a lot of folks saying you know what? we like it at home. ♪ another crazy day? of course it is—you're a cio in 2022. so what's on the agenda? morning security briefing—make that two. share that link. send that contract. see what's trending. check the traffic on your network, in real time, with the next generation in global secure networking from comcast business. lunch? -sure. you've got time. onboard 37 new people, with 74 new devices. does anybody have any questions? and just as many questions. shut down a storm of ddos attacks. protect headquarters and the cloud. with all your data on the nation's largest ip network. whoa, that is big. ok. coffee time. double shot. deal with a potential breach. deal with your calendar. deal with your fantasy lineup. and then... that's it? we feeling good? looks like we're feeling good. bring on today with comcast business. powering possibilities™. ♪

charlie gasparino is a senior correspondent at fox business. got a fantastic piece out in the new york post on how the fed is managing inflation today. out on how the fed is managing he joins us tonight. charlie gasparino, thanks so much for coming in . >> i fintech trying'm s to get up, sl try to get over the post comment, think this is so you look, if you don't understand agriculture or the economy, , which is true of a lot of people, maybe you don't talk about it in public. he the message they're sending is right, don't care tucker ? i think what we havee here is one of the most avoidable, easily avoidable economic crises in the last so the twenty years and something that was created pure pure cynicism, cynicism, cynicism on biden's part. kept and he kept spending and kept putting all these lefties in regulatory jobs. and it was cynicism because he wants to be more liberal, more transistors, na more transformational progressive than his buddy barackl h and that's why he didk it.s why and everybody knows that's why he did it because there was

neil: you sound like charlie gasparino.he difference, again, kidding aside, that i see between the 70s experience with inflation and what's going on right now, that we're in a better position generally than where we were back then. i'm not sort of minimizeing the stark hike in prices but we're coming from a better position than we were then, now that could deteriorate, i don't dismiss that possibility, but what do you think? >> well i think we talk about this idea that you can talk yourself into recession if you're not careful and the consumer actually is in pretty good shape here. balance sheets are pretty good, equity in homes is pretty good. it's washington that i worry about when you get $90,000 worth of debt per-person, they aren't putting on their balance sheet, but at the end of the day this idea that it's a transition going on from goods to services in the same breath people will tell you how expensive it was to go to the grocery store, they will tell you about the cruise they are booking to go to florida this chris

charlie gasparino.et and what we started talking about with charlie and whether the pro-plaps are buying all of the buying, are you? >> a little bit on the margin. what is happening is the pce number came out today and that put an exclamation point on what traders are thinking, inflation is slowing down. is still here, greater than wages but the pace is slowing down so that is a good sign. the other thing, the pce is the fed's preferred measure of inflation may be that has the fed thinking we don't have to be as aggressive and the thing that i think the market is most focused on isn't the interest rate increases but scale down of the fed's balance sheet and if the fed is more slow in scaling down the balance sheet that will probably market. remembered fed chairman powell said we will keep our eye on, quote, market conditions and i think the fact they may be a little slow in winding down the balance sheet basically creates liquidity in the market and the market has been hooked on the liquidity coming out

charlie gas flee. >> yeah. i'm -- gasparino. >> i'm the best who's ever -- boss ever.ever curse -- [laughter] liz: never lies either. >> i never lie. liz: all right. if you sold in may and went away, you missed out on last week'sallingly, but if you're gripped by fomo, today's countdown closer has some ideas about how to add gains in june too and what he still is absolutely avoiding. ♪ ♪ at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services to help businesses of all size work smarter today. so, they can have more success tomorrow. [ kimberly ] before clearchoice, my dental health ♪ one thing leads to another ♪ was so bad i would be in a lot of pain. i was unable to eat. it was very hard. kimberly came to clearchoice with a bunch of missing teeth, struggling with pain, with dental disease. clearchoice dental implants solved her dental issues. [ kimberl

charlie gasparino, working like a hound through it all. if i wasn't feeling well you didn't see me.te guests in the many years i've done this show, mitch daniels. i always talk about him but he's an adult in the room. he was that way as office management budget director keeping track of the numbers looking at the spending, indiana's governor but more alarmingly and i say alarmingly in a good way, what he has been doing at purdue university, 10 straight years of keeping tuition fees frozen in place. after this. ♪♪ ♪♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (all): all hail, caesar! pssst julius! you should really check in with your team on ringcentral. oh hi caesar. we were just talking about you. yeah, you should probably get out of here. ♪ ringcentral ♪ >> the day you get your clearchoice dental implants makes every day... a "let's dig in" day... >> mm. >> ...a "chow down" day... a "take a big bite" da

neil: always good talking to you, charlie gasparino. it's just who he is.of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, . . yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq (vo) verizon business unlimited is going ultra! get more. like manny. event planning with our best plan ever. (manny) yeah, that's what i do. (vo) with 5g ultra wideband in many more cities, you get up to 10 times the speed at no extra cost. verizon is going ultra, so your business can get more. if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. neil: all right. yeah, interest rates backing up. you have a lot of companies giving some warnings that make you feel, hey, last week might be a continuing preview to ongoing attractions. the dow down about 333 points. i'm sure my friend charles

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charlie gasparino has been following this side of the story. charlie?'s why major ceos are going to meet with mayor adams this week on thursday, a zoom meeting, where they're going to press their case that we're not coming back in full force up less you get crime under control, this is a zoom meeting from what we understand. 100 people. this meeting is being held by the partnership for new york. it's a big lobby group for major businesses that represent banks, real estate companies, all the big employers in new york. j.p. morgan, you name it. every major bank or real estate company will be from what i understand represented at this meeting. some of the names at the meeting and will tell you how serious this business community is now taking crime and how worried they are about their employees not being safe traveling around the city and traveling in the subways. we have steve schwartzman from blackstone, daniel enriquez was a goldman sachs employee and his boss will be on the call. the nba's adam silver, wells fargo's ceo. jim tisch, the head of lowe's h

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charlie gasparino has the latest on this. charlie. >> yeah, they're done, heir toast. meme stock controversy, remember? they bet negative on gamestop, on amc. they looked like a sure bet for a short, and then the shorts -- then the squeezers came, and that's all these retail investors piled in and almost put them out of business back in early 2021. and now they are, they are definitely done. it's been a rough couple years for them. now, the question is they got out of the meme stock shorting business, they bet wrong on other stuff. question is how many more melvinings are out there, and that's what everybody in the market is talking about right now. every sophisticated investor is talking about that. here's how it's breaking out. most smart fund managers have totally ca capitulated and derisked. so that's -- [inaudible] i'm pretty sure steve to cohen has derisked. they've ramped up their cash positions -- david: were they ever in the meme stocks? >> i bet hay dabbled a little bit. they might have gone short, right? but the bottom line is they totally derisked. and so t

charlie gasparino is on the story. financial crisis as you did, you know, there was a lot of people lost money, and people took their own lives amid that whole crash, and it's unfortunate but it does happen and what we're hearing now at least these are unconfirmed reports. i've not been able to confirm them and i've reached out to the suicide prevention hot line and spoke to counselors on this but there's a real worry of a rash of suicides amid the crypto crash that's going on, because people in this market put so much of their money into it, they've lost so much, some people all of it, and if you look at social media and the message boards, and there's a real issue here. now, again, i've called the suicide prevention hotline, spoke with one gentleman. he said, you know, they get a ton of calls from all sorts of people. he didn't want to get into break it down in terms of are the people calling now involved in crypto and losing money, but he did say that the characteristics of somebody that puts all their money into on

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charlie gasparino, monitoring all that because a collective sh rug from wall street here, politico standings you think, charlie? charlie: well his speech and the falsehoods and spin that he put on some of these issues did not help the president' standing on wall street with investors as you saw stock market is sold off a little, didn't obviously didn't come back when he started speaking. i will say this , neil. one of the problems that we have right now, obviously is inflation, obviously with the markets and the economy, obviously it's rising interest rates, and that will slow down the economy but the other part of the equation here is a lack of confidence in the guy running the country, and it's becoming increasingly obvious from, listen i'm plot going to mention names. i talk to bank ceo's all the time. these are people that voted for him. they believe he's incompetent and they believe the people around him are incompetent and they don't believe they are getting anything done, and you can go out there and blame corporations for price gouging. i'm just trying to figure out whose price gougi

charlie gasparino has been talking with the cities business leaders. should point out that mayor adam adams, our new mayor ran with a lot of support from the business community, the big business community, the new york city partnership, which is essentially the lobby group for the business community and the banks. banks had pushed him because he talked tough on crime. what they are worried about now is that he was all talk, no action. that crime is now getting out of control where their people are clearly just not safe returning to the office. mayor adams also asked for people, for the banks to bring their people back, and what we understand following this tragic senseless i don't know how many adjectives you can put to it, killing of daniel enr iques, on a subway, going to brunch at 11 a.m., if you can't ride the subway at 11 a.m. going to brunch in manhattan, then you can't do anything. that is slowing down the momentum to bring people back to work. they want, this is what i'm hear ing from the bankers and the new york partnership and kathy wilde. is

david: he's a good negotiator, charlie gasparino, great to see you we'll hit the babylon bee, realtimesorship of it last month. listen. >> they got flagged for , they posted a funny video. this is funny to them. okay, sensitive content, twitter said. in the video they were making fun of twitter for being too sensitive. this is so through the looking glass. david: it is extraordinary that people don't get it. well musk has said his acquisition of the platform would allow him to get rid of the censorship and spam bots, but has since changed his tune saying there maybe too many automated accounts for the deal to move forward. babylon bee managing editor joel berry joins me now. i love how you guys are so up-to-date that even the disinformation board, the news about the disinformation board, you've managed to get in on that i want to put up on the screen for our viewers, you say touching disinformation board realizes the true disinformation was inside them all along. i mean, and that's not too far from the truth. you're not far from reality when you're doing these parities. >> no, and you

charlie gasparino has been speaking to investment managers about this. liz: yeah. charlie: i would say marginally strong. we'll see some of these pops, but the basic mood among investors and i've been speaking to institutional investors, brokers, hepped brokers is one of a shift. they're less worried about inflation now. they think the fed is still going to raise rates several times, three times probably at least, but they think inflation starts to wane by fall, early winter. that the trade now is not an inflation trade. that we've hit peak inflation. the trade now is a recession trade, and that everything is pointing towards an economic slow down, based on higher rates , based on lower home sales , based on the snap earnings were interesting, because you know, in some ways, the way it was described to me by two investors last night and you no one of them i won't say his name unless he said okay, but these are household names, was that snap does, it's all these impulse buys that pop-up on snap, and social media that you engage in. those are falling off.

charlie gasparino is here now. >> we're hearing nothing from them.things about twitter is they don't have a public relations department -- liz: either does tesla. >> excuse me, i meant tesla. twitter does, but this is out of their hands. tesla does the not have a public relations department. it's hard to get in touch with musk. his lawyers don't return your calls. the positive is he kind of doesn't show favoritism, he just tweets out the stuff like what he's going to do, and he wall streeted out both things today. so it's hard really to know. i speak to see eos who have banked him, or -- ceos, who have wanged tesla, they think he's negotiating for a lower price. you have to play this out if he walks away. he walks away, he definitely pays a billion collar break-up fee -- dollar break-up fee. i guarantee the tesla stock would go up, because a lot of hair holders would like him to be more focus -- shareholders would like him to focus on tesla. so he might make some of that up on the tesla shares if he walks away. however, he will probably be i sued by

charlie gasparino, thanks. have more on the bomb shell piece of evidence in the case against michael sussmann revealing fbi agents digging to candidate trump's connection to a russian bank believed that the doj was the source of the information when it was actually someone working also for the clinton campaign, not the doj when we come back. when it comes to pain medicine, less is more. aleve gives long-lasting freedom from pain, with fewer pills than tylenol. instead of taking pills every 4-6 hours, aleve works up to 12-hours so you can focus on what matters. aleve. less pills. more relief i recommend nature made vitamins because i trust their quality. they were the first to be verified by usp... ...an independent organization that sets strict quality and purity standards. nature made. the number one pharmacist recommended vitamin and supplement brand. ighting for one goal, this one the number one pharmacist recommended mission, life. i get to keep her. we get to have her and enjoy her. and she gets to grow up

charlie gasparino is here to talk about how elon musk is looking to get a lower price on the deal, whatent is that he might be able to, and this is according to my sources that are following this , these are bankers, analysts. he might be able to bid as low as $40 for this thing, maybe $35 , where is the stock trading right now? 36? its got to be a premium on it, but people are talking that this thing can go for -- liz: down 5.25%. we have a 35.87 which is a disastrous price if you look at what he offered which is 54.20. charlie: here is the thing, twitter will sue him, they will get a judge to compel to go through with his bid of 54.20. liz: and he voided the due diligence process. charlie: so that's what's going to happen but they need him in many ways, liz, and here is the dirty little secret. nobody is going to pay $35 for this thing. nobody. okay? if he offers them 35, they might have, they have a fiduciary responsibility almost to take it , because nobody will pay for this thing, and this stock, given the crummy performance of the company, as you saw it's a tough business, you saw

liz: charlie gasparino. twitter by the way up 2.25% at the moment. don't go away. seven minutes before the closing bell rings dow is up 366. another crazy day? of course it is—you're a cio in 2022. so what's on the agenda? morning security briefing—make that two. share that link. send that contract. see what's trending. check the traffic on your network, in real time, with the next generation in global secure networking from comcast business. lunch? -sure. you've got time. onboard 37 new people, . . and the cloud. with all your data on the nation's largest ip network. whoa, that is big. ok. coffee time. double shot. deal with a potential breach. deal with your calendar. deal with your fantasy lineup. and then... that's it? we feeling good? looks like we're feeling good. bring on today with unbeatable business solutions from the most innovative company. comcast business. powering possibilities™. at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more succes

charlie gasparino up next.ing to break that story, and how did a college dropout turn winning a class contest into a multi-billion dollar business? this week i'm joined by the youngest ceo of a publicly- traded company, yeah, used to be austin russel, now it's a guy named alex rodriguez. he shares how he started his autonomous trucking company from his garage and has become a half billionaire at the age of just 26 years old. there he is, why does he still have roommate roommates? you've got to hear his incredible story it's my everyone talks to liz podcast the brand new episode just dropped on alex available now on apple, google, spotify, wherever you get your podcast closing bell 15.5 minutes away, nasdaq is now down more than 3%, a loss of 352 points, we're coming right back. welcome to your worl. your why. what drives you? what do you want to leave behind? what do you want to give back? what do you want to be remembered for? that's your why. it's your purpose, and we will work with you every step of the way

charlie gasparino, thank you very much. no long-range rockets. president biden says the u.s.ning more about what he does want to send. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (vo) while you may not be a pediatric surgeon volunteering mayour topiary talents at aon. children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. another crazy day? of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast busi

start the week but retail traders are still reeling from a long month of dismal performances, charlie gasparinomake one point on the tragic killing of the goldman sachs executive. wall street backed up eric adams tremendously, i know this because i know a lot of people who gave him money and with the fundraisers, he was all , he was a lot of talk about bringing people back to the office, about making the city safe, and he's not holding his end of the bargain up, and you hear it on wall street and you hear it other places. i just went up the street. we'll go after him and say listen, jamie dimon should tell eric adams, james gorman should tell eric adams we can't bring our people back, david solemon should, the head of goldman, we can't bring our people back if they can't take the subway at 11:00 in the morning. >> and not fear for their lives charlie: and get shot at. it's so out of control but anyway that's one thing i think -- >> something to think about. i'd say it was his number one platform issue. charlie: it was and it's why they all supported him theoretically. i would say to wall street

charlie gasparino on the pressure from big business on the mayor with. > neil, continue doing what eric adams wants them to do. eric adams is imploring wall street to take the subway, to come back to new york, to come back to the office. obviously, there's an economic reason for that. when workers come bag to the office -- back to the office, they spend in shops and restaurant, boutiques. you know the picture. it's economics 101. but they're not going to come back unless the city is safe and,ing you know, here's the thing, neil, this wasn't an investment banker or some high-rolling trader that was murdered, not that it's any better. i'm just telling you that the most -- mr. enriquez was a research or at goldman, very middle class. most people who work at banks on wall street are very middle class. they're average people. they need to take the subway to work. they can't afford ubers. he couldn't afford an uber, his partner has been on record saying, and they can't afford private cars, so they take the subway. and now they're at the mercy of the criminally

charlie gasparino joined me now that's what they were in business to do sometimes this way the ceos positionr money in your company whereby your stock, she directs rainsy and get rid of your carbon footprint. here's how we know it's under pressure just not politically washington from the republicans if they get the house and senate there will be hearing it inherently inflationary dan loeb one of the best investors came out with the quarterly letter and here's what he said about yesterday. well-intentioned but disastrous. very mainstream investor who is the beginning and people are starting to call for changes. >> that would mean corporations would have to change the structure which is empowered to have -- the. >> the investment parameters invested in exxon or invested this one, you will not mandate exxon that they have to reduce their carbon footprint. esg initiatives are inherently inflationary. people are waking up to the asset managers, their highly powerful, blackrock has $9 trillion it is not just being dark, it's all about, they forced the behavior of corporations because corporations

are actually saying they could go bankrupt, do not count the cme among the interested buyers, charlie gasparino the crypto wave you were talking about the concerns for the whole thing. i'm not, you know, this is not the funeral for crypto, don't get me wrong, but some of the issues that you raised in the environment that you talked about in which these issues traded, all those chickens are coming home to roost. now they might finally find a way to roost and be fine but they're worried. charlie: neil, look at it this way. a rising interest rate environment will always bring sanity back to overpriced risk assets. you see with meme stocks, look at what's going on with amc and gme, you see it with crypto, it was bound to happen. you throw that on top of it regulation and then you throw on top of it and this is what always kind of got me even though i think bitcoin, the blockchain could be transformational internet-like method of transacting, it's still not really used that much and it's kind of divorced from the sort of speculation in bitcoin and the cryptos, so throw all that together and this thi

charlie gasparino is here with more on what he is hearing. >> i wouldn't say -- it's not just inflationow. which is hard to blame on republicans because they're not in the majority, right in he has a full, he has the full monty here. you know, they control both houses. two branches of government here. but you do hear it much more from the ceo class questioning the competency of the biden administration. now, it's interesting, most of these ceoss are not saying it publicly, they won't mention the white house, they won't mention biden by name, but they are talking about -- jamie dimon, for example -- lack of results-based policy -- david: he's still a democrat too, isn't he? >> he's all over the place. [laughter] he's hard to define. he's a little jelly politically. that is not really like -- a guy that's knoll not is larry fink who i would say has been a longtime democrat. even larry is now talking about, you see it in his letter, his recent letter to shareholders about how we're going too far with the environmental craziness, so much so that gas prices are starting to pop. it's a tax on

getting hit with more political backlash after saying he would vote gop in the next election, charlie gasparinotivated to say this. charles: he said we are already in a recession, sometimes you don't know you are not recession. dave: more often than not. would with george w. bush -- let's back up -- confluence does not equal causation. i don't want to assume that elon musk is ready to get charged and head to the clink but it is pretty interesting what is going on, going to read a couple notes. he's clearly intimating by his tweets that regulatory charges are looming as he continues a soft bid for twitter, he said he put it on hold, is still interested. and it is interesting that he put his bid on hold as we were getting information at fox business and others have followed us like the wall street journal that the sec is ramping up its various probes into him including how he disclosed his twitter bid so as all this is coming together, he's not there saying i'm switching parties, the sec is run by democrats, gary gensler, longtime progressive, no fan of free-speech i like elon musk, run by democr