. >>> david einhorn is taking aim at elon musk and wall street.e state or lack thereof regarding regulation of stocks that you may own. >>> nfts are the new craze. if you don't understand it, you've got to tune into my everyone talks to liz podcast. we'll be right back. ♪♪ use a single hr software? nope. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo. hon? first off, we love each other... it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy

. >>> anarchy in the eyes of david einhorn, guy, but freedom of speech in the eyes of others, what do you think? >> yeah, freedom of speech, absolutely listen, so right now as we sit here, tesla has a mark cap of $700 billion-ish, right. he's the ceo of that company he also has 50 million followers on twitter this is elon musk. why on january 26th after the market closes, what's the point of tweeting gamestonk with two exclamation point, it's asinine, if it is sport go shoot clays or something. two days later it traded 483 in a range of 112 to 483 i don't understand that. it's not particularly funny or clever and what purpose does it serve so i'm with einhorn. is illegal no i'm not suggesting it is is it infantile, 100% and does it have far-reaching ramifications? i'm sure it is funny to him and his pals, a lot of people made a lot and more lost a lot of money. >> seems a bit of the pot calling the kettle black david einhorn does come on air and he does tweet and puts out letters stating his position why is this different. in social media the impact is more immediate but it's all the

you know, people like david einhorn, perhaps, or more dedicated shorts like kadir or nate copicar inp research and try to expose fraud and other issues to the market they consider themselves to be sort of forces for good. although, of course, they're trying to make money at it as well when shorts are lambasted and harmed by a huge runup not based on fundamentals as they were with gamestop and as they were to a degree by the other main stocks, it causes trouble for the whole complex, right david einhorn is not a professional short, per se he runs a long short book. but he for many years has been part of that band of people that tries to raise red flags when they see issues. his short position in lehman brothers is one of the bearish signs that company could be headed for a collapse to name one example. i think his frustration is palable and understandable folks like elon musk have such rock star status at the moment that they don't have to do much to kind of keep the party going in terms of the longs and the excited retail investors piling into either tesla or game stop or what have y

it is always interesting, josh, when david einhorn opines on things crit channeloff and the gamestopdavid has been a short seller throughout his whole career. he has a vested interest in that sort of didn't that was taking place within the market at that period of time. >> yeah. for the last 12 years i read every letter david has ever put out. i have a lot of respect for him and always take his view but i am not sure on the time horizon. like, i don't even think the sofi thing is closed and it may or may not have even been announced when the gamestop thing happens. but i am not 100%, so don't go by that. but that seems like a stretch. i feel like there were a lot of internet celebrities who just wanted to be involved in the uproar over gamestop and some of them were placing trades for fun and making light of the situation. i don't -- i don't know. i mean, it's -- maybe it will come out that there was more to it i just feel like it was more casual than what mr. einhorn is applying. >> what about brenda this notion that inflation is only going one way, and that's higher, and his belief

david einhorn mentioned it in his letter to clients as an example of the crazy stock market these dayse deli is called hometown international or the stock is. it owns only one small deli in a new jersey town called paulsboro. despite only $35,000 of sales in the past two years, the stock has soared, growing its market cap at one point to more than $100 million hometown is also the principal and wrestling coach, the ceo is, at the high school the cast of characters gets even stranger from there. dan mangun has been digging into this company and its investors who are the big investors here and what is their background like >> so the largest investors here appear to be both -- or in addition to the ceo, paul marina who is head of the high school wrestling team, there are several entities, several in hong kong and the other in macaw, china they each have the same address. there's also the father of the chairman, peter coker, jr. peter coker jr. is his father and he owns a good chunk of shares and lives in north carolina he controls another entity out of north carolina that owns shares with

barry ritholtz, bloomberg opinion columnist takes great issue with david einhorn's comment that the sheets a metaphor for this great economy in these unregulated times. barry, you are at 30,000 feet. einhorn with the pink sheets. how far apart are you? barry: i do not think we are apart. let me preface my remarks by saying i am a -- he was one of the first people who identified lehman brothers as technically insolvent. i take everything he says seriously. he is wrong across the board about all of the things he suggests regarding this idiotic $100 million deli. let me start granular, and say in 2015i wrote i was looking for disconfirming evidence. we tend to look for things that confirm our belief. i was bullish and said let me find something that might make me less bullish. i found similarly on the pink sheet, $100 million grilled cheese food truck. to be fair, they owned four trucks, not just one. they did not own the land underneath the way the deli does. it proved nothing. they're always garbage companies on the pink sheets that have crazy evaluations. they stopped trading. i wrote that

the stock is up 3% after hours. >>> green light capital's david einhorn slamming elon musk for their he iron of einhorn. he wrote that musk's tweets and the tv appearance further destabilized it at a critical time musk later tweeted on the same day gamestonk. shares surged to $350 a share the following day. now a long-time tesla elon musk critic says if regulators want elon musk to stop manipulating stocks they should have done dough with more than a light slap on the wrist when they accused him of manipulating tesla shares in 2018 einhorn goes on to say the laws don't apply to him and he can do whatever he wants, in reference to musk. neither man responded to our requests seeking comment, guys >> leslie, a lot of history there. it was a crazy period of time that summer. he brings it all back. thank you very much. >>> up next, citigroup's international shift. the lender planning to exit retail banking in 13 overseas markets. an'll break down what this could me for the stock with bank analyst mike mayo. that's coming up next on "closing bell. >>> citi announcing thatthey'r pulling out

this anomaly was only discovered a hedge fund billionaire david einhorn and his greenlight capital int example of the froth and outlandish pricing taking place in these records stock markets, but hometown international doesn't really trade much and there's not a whole lot of value in stocks and shares that trade on the exchanges so most of it is over-the-counter and there are concerns about where this money is actually coming from and where does the money come from. do you get what i'm saying? the money is being questioned and i'm getting calls about it as well. stuart: i'm almost as concerned about the new jersey delhi as i am about dogecoin, but we will discuss that later. thank you. businesses across the country are reopening and in many cases one thing is missing and that would be the workers. we will explain to you how government handouts keep workers out of the workforce. that's next and before we go, there it is, that is denver, mile high city literally. a blanket of snow this morning. ouch. hope you are watching, denver. ♪♪ ♪♪ seeing blood when you brush or floss can be a sign

it is interesting to see david einhorn coming up with his own.uggesting hometown international inc., i had never heard of it, just to set out the stall a little bit, this is a business that owns a single deli in rural new jersey. sales in 2019, 20 $9,000 as well. -- $21,000. and yet market cap reached $113 million on february 8. quite an incredible price to sales ratio. mark: i absolutely love this story. i am not sure how useful it is. we have very stretched valuations. it is one of these extreme cases of the amount of money being pumped into the system. i'm sure their purse tommy -- pastrami sandwiches are delicious and maybe that deserves a higher multiple. this is really extreme. less than $20,000 revenues last year, over $100 million market cap. quite phenomenal. anna: it is getting enthusiastic support from somewhere. it is a serious point he is making. whether retail investors are involved, whether they are hurt if things turn -- this is another one to watch. another icon of irrational exuberance, perhaps. let's think about the start of th

plus >> yes, plus, investor david einhorn is blaming elon musk and another for throw, quote, jet fuelscuss with the ceo of red lobster on a hiring spree rks.having trouble finding woer all that ahead on "squawk on the street." llness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company. obsession has many names. this is ours. the lexus is. all in on the sports sedan. lease the 2021 is 300 for $369 a month for 36 months. experience amazing at your lexus dealer. >>> >>>. adding if regulators wanted elon musk to stop manipulating stocks, they should have done so with more than a light slap on the risk when they accused him of manipulating tesla shares in 2018 interesting. i would point out when it comes to tesla and mr. musk, he would short the stock for some period of time and if

that's the new jersey deli with a $100 million market cap that david einhorn called out as a potential market the 10-year is still top >>> welcome back shares of cnbc parent comcast higher today after raymond james upgrade the stock to outperform citing optimism around nbc universal and in part the phased reopening of theme parks universal's hollywood park is welcoming guests back today and that's where we find our julia boorstin with the latest julia, great backdrop. >> reporter: well, wilf, it's great to be out in the field and you can definitely feel the optimism here when there were lines when the park opened this morning. the park was sold out for its first three days open to the public universal hollywood and the 48 other theme parks and water parks here in california, they're now all able to operate at 25% capacity with online reservations only and of course distancing within the parks. now, the theme park industry contributes $1.5 billion to annual tax revenue and $14 billion to state commerce to the state of california here universal hollywood took 13 months when it was closed