it's time for the wall street beat and today we are looking at how legendary investor leon coopermanand a legend predatory lender. we will talk about a story that is one of the most read on the terminal, the business of merchant cash advances is kind of like a payday loan for small businesses but it's gotten and snared in this booming world of private credit. what is the length? >> merchan cash advances are very high interest, very quick money that if you are a pizza parlor or nail salon, you can get this money quickly. the business has got problems with it. sometimes the loans end up being illegal and they can hurt small businesses rather than help them. where private credit comes in is there is a boom right now and private credit on wall street and everyone wants to invest in it and people think i'm probably investing in high-yield loans or auto loans at private credit is also investing in cash advances by providing credit alliances that allow these firms to make their loans to small businesses. sonali: private credit sometimes works out fine but in this particular instance, how di

cooperman will join us live this morning at 8:00 a.m. to talk about the protests and donations and other plans as well as views, of course, of the market. >>> back to corporate news. we are watching novartis. reporting better than expected first quarter results and raised full year guidance. strong growth in the sales of the entresto and the other treatments. the ceo of novartis will be on "money movers" which airs at 11:00 a.m. on cnbc. >>> we are watching shares of apple. bloomberg reporting that iphone sales in china fell 19% in the march quarter. the worst performance in china since covid struck back in 2020. the report said that apple fell to third place in that market behind local brands of vivo and huawei. business has been tougher for apple in china after beijing restricted state agencies from using apple in a retaliatory move. >> every social media company from the united states is banned in china and has been for ten years. >> when is tiktok, if it happens, go away? i hear it will never go away. >> it depends how you believe it

cooperman may be right there. they're getting it.ounced they've gone hybrid effectively for the rest of the semester. a lot of people say you're saying you can't control the situation. maybe that's thepracticality of where they are, but they're getting better at handling this. that hasn't stopped robert kraft. he's an alumnus. he said he is effectively not going to be giving them more money. there's a whole number of major money and if you do, we're going to allow you to have dinner with the president once a year. if you give us more money, you'll have five dinners with the president. >> bob kraft is a huge factor. let's talk about google. google just fired 20 more workers saying our workplace is not a place for politics. you're fired. how is this going over at google? do you expect to see more of it? >> there is a major shift in the valley worth mentioning. google really was the first company to allow these kind of protests. google used to run its campus as if it was a university. for many, many years there was lots of internal prot

another voice on this is leon cooperman. here he is this morning reacting to the protestant columbia, listen. >> responsibility of the university to create a safe and welcoming environment. for many universities including columbia they failed in doing that. the shorthand view is few are an anti-semite you are ignorant. easiest way to do with a is education. the only changes specifying my gifts and i specify all my giving has to do with the business school. >> sandra: how can they allow these kids to feel unsafe? scroll the list of these colleges with these anti-semitic anti-israel protests from princeton to mit, university of virginia, the ohio state and become it is happening now almost everywhere, brian. >> i taught at the college level for my 15 years and i will tell you two things. one, we did not have tenure and it made a difference because every year i had to ask myself if i'm doing my job and so did my boss. that was really important. number two, if you want free speech, you have to create very clear boundaries. these

repaving work stretch of the 680 highway, southbound lanes between the 580 connector in pleasanton and cooperman in the north bay, highway 37 also remains closed for repaving. both are expected to open tomorrow morning in time for the rush hour commute . >>> thank you for joining us today. "cbs sunday morning" with jane pauley is coming up next here on kpix. the local news continues on our streaming service cbs news bay area. from all of us here , enjoy the rest of your sunday. (♪♪) i'm getting vaccinated with pfizer's pneumococcal pneumonia vaccine. so am i. because i'm at risk for pneumococcal pneumonia. come on. i already got a pneumonia vaccine, but i'm asking about the added protection of prevnar 20®. if you're 19 or older with certain chronic conditions like asthma, diabetes, copd, or heart disease, or are 65 or older, you are at increased risk for pneumococcal pneumonia. prevnar 20® is approved in adults to help prevent infections from 20 strains of the bacteria that cause pneumococcal pneumonia. in just one dose. don't get prevnar 20® if you've had a severe allergic reaction to the vacci

joining us now is -- and carly cooperman. thanks to both of you ladies for joining us. league, tell us what you're seeing on that front? >> i think it matters a lot. were seeing a huge shift in poles. immigration has become the number 1 issue that americans over the economy for the first time over the last several weeks and we are seeing the severity of people's concern about immigrations related to -- 32% of american say that immigration is of major risk to them personally and there is an increase when donald trump was president of only 17% said the same thing so we are seeing a real shift in how people are viewing this. so the question is is trump going to be able to capitalize? obviously biden is trying to say that he doesn't have real solutions although 55% of americans felt safer or feel safer with trump's policies over 33% to biden. >> spee do we put up on the screen those financial results going back to 2016 as john would say the way back machine, you look at the 47 and a half -- that is your point two% martin victory that trump pulled off and i stayed in wiscons