leon cooperman reports bloomberg according to him , the s & p 500 index, which reflects the state ofest companies and soon. may fall by 22% bankruptcy or convect or bank was a fatal event that shook confidence in the banking sector and now the us is experiencing a textbook crisis quotes its cause cooperman, called fiscal monetary credit policy mistakes. the last 10 years, well, most of all because of the banking according to the wall street journal, the gulf countries were hit by the crisis, according to the wall street journal, the investor lost tens of billions of dollars the region has close ties to cradits with qatar began buying up its shares back in 2008 after the collapse of alem brothers, but the largest shareholder of the swiss bank with a share of just under 10% was the national bank saudi arabia last year alone. he invested one and a half billion dollars, most of the investments will burn out after the merger of wiz and ubs. france unsealed strategic oil reserves against the backdrop, refinery workers strike against pension reform, reuter reports, citing the french ministr

leon cooperman, of a family office.ve seen over the past week? last week and, with what happened with silicon valley bank, and just now with ubs taking over credit suisse? leon: to me, it is kind of textbook. we have a self-induced crisis by response to fiscal monetary policy over last decade. i do not forecast -- i did not forecast a silicon bank issue, but i did foresee an issue of some kind. we are getting a particular response by government. -- a predictable response by government. i think it is sad what is going on in the country, but it is necessary to be done. we have to preserve the system. i am assuming that the fed will go 25 on wednesday. they will accept a higher level of inflation and they would like to accept because of the stress in the financial system. the volatility of bonds is so great that it is destabilizing equities. lisa: i want to pick up on that. we've been talking about that. we have seen unbelievable fluctuations in the basic, most liquid and students in the world's, treasuries. what is the re

. >> hasan: this is tommy cooperman, aka the number 61 dj on the planet. dj noice. tommy and a bunch of his friends promoted themselves on twitter as financial gurus. follow them, and you could be a baller. and they amassed huge followings. because they look really cool, right? especially the guy doing this. [bleep] yeah, dude. [bleep] yeah, dude. but i want to talk about this guy zack morris. with a photoshopped head of zack morris. that's edward constantin. in reality, edward loves to go on twitter and show off his cars, his shoes, and his scooters. that's right, ladies. scooters. edward loves scooters. he rides them all the time while being really cool. >> lotta people are looking at me and they're like, "damn, that dude is so cool." and do i blame 'em? no, cause i am pretty [bleep] cool. i'm making $100,000, i don't know what the [bleep] you're doing with your life. evaluate it. change some things around. maybe get rid of your wife, your kids, or whatever's holding you back. so, yeah, guys, just you can do it, too. just get a bike and start making $100

alix: that was leon cooperman speaking earlier on bloomberg tv which gets us to the question of the days, do we still have a banking crisis? joining us now is guy ellis. do we still have a banking crisis? guy: certainly not from the perspective of european equity markets. first thing, the market was taken aback. the second banking failure we have seen in two weekends on the higher side of the atlantic great particularly the nature of this right off the 81 capital of credit suisse's wind -- sent ripples through the market. as the day progresses, we see ubs up 2.5% on the day, down 16% intraday to the close. sentiment seems to have approved thanks to the message been given by both san regulators across the world that this is not a tfc mark two. guy: it might be the start of significantly tighter lending status. is that the real crisis, and a crisis that is going to unfold over a relatively longer period of time? and that is what we should get use to, the cost of capital is significantly higher, that is going to have a meaningful economic impact? >> it seems inevitable. we are looking at w

they were all our 419 on the opening day in indoor mat. cooperman was the pick of the australia bonus, 25 full 16 in just a 2nd test near the line picked up 3 for 35 in apply the aussies were 156 for for at the close of play, which gives them the lead of 47 with 6 wickets in hand, so they had the advantage as they looked a fight back from to no down in the forty's series of the nation, the milwaukee bucks winning run continues in the n b a after another standout performance from they star player. here's yana since he's a combo, came back from injury and wrapped up 33 points and 15 rebounds against the brooklyn nets, the bucks winning this 1118. 104, handing the nets a 3rd straight loss. and 7th in the last 9 games, but milwaukee extend their winning streak to 15 games to stayed up in the eastern conference ahead of the boston celtics, with the best record in the in b a. up in canada, the toronto raptors came out on top against the chicago bulls pascal c, acm school, 20 points as they took 10498 at toronto's 8th. when in 10 games, their 9th felice and conference, the wife of late in b,

.: that was leanne cooperman of the omega family office, who made his name over decades with fickle stopck to at a time where there is so much volatility and he expects middling returns for we say reprieve of some real angst, particularly in bank stocks. we are joined by somebody with intimate knowledge through these cycles, as well as understanding how to play in some difficult moments. how are you understanding the tank distressed he seen so far and how are those? dan: we are still in the early stages. we have got a couple of banks having failed and another couple teetering, but there are issues plaguing banks that could result in a number of outcomes, compression or interest margins as these banks have to pay up to attract deposits, a decrease in loan growth, which is not necessarily a substitute for rate hikes which will somehow curtail economic activity. it is a higher regulatory burden on the 100 million plus size banks. and probably means consolidation of the sector as well. what it means for the economy at large will probably only be negative. and other people are talking about 2