this is "fast money" live from the nasdaq market site we've got tim seymour, jeff mills steve grasso, and julie beale we're going to start with the opposing forces. big bounce in bank stocks after the first set of earnings report j.p. morgan surging 7.5%, biggest jump since 2020. that after posting record revenue even in the aftermath of the crisis citi group up 5% other big banks coming along for the ride on the other hand signs of weakness in consumer retail sales down a full% from february the ceo of wells fargo tell me earlier he cease signs of weakness in spending. >> in the card space you're seeing a very gradual weakening, which is what you see now over the last couple of quarters. >> so, didn't overplay it. nothing aarmist, but they're preparing. that weakness seemed to outweigh the strength in banks. if you look at the overall market, nasdaq down for the fifth time in six sessions s&p also pulling back. what does it tell you the stand out bank earnings weren't enough to boost the market. this was -- >> first of all, you are boosting our spirits by being here today. >> thank y

provides at the bullets, each nose you still carry you grasso grain skim. not all of them. uh, but junior hit on that order stub of privacy. will madison you? but chinney doug approved, he would, he hasn't value of it. you better from what it seemed he should live still mavita g toggle your party small boy the european. so let's say i'm going to shoot a cautious schedule will give mostly like a tourist for me all this he geology of the fashion starsky de la, gifted as roger organs, as you please. can you open a slate by me to bon b. triple a. troops come, we'll leave you. not him, let him dog yet. i'm watching us. my sweetwater is bad though. grows nice. is that me? lou yet was all year yes. dishes cassini will reduce of all in your book, a leaching agent will just them or put them on boom, as long as you like, which is kinda crazy america to vastly dida with. but your booster, whatever. when your whole grains venture out of state roller was a bit take on your bill it let the capture, let the vitamin a bit. i'm good. i mean you got a really e beside him. he

than 2% we'll take a look at what's powering its gains on the desk tonight, tim se seymour, steve grasso, and guy adami. first republic bank, shares are sinking another almost 50% 48% in the afterhours headlines that fdic is getting ready to put the troubled regional into receivership the stock, worth more than $26 billion in february now has a market cap of less than $400 million let's get more on the latest headlines from leslie picker. >> yeah, the flight of capital here reportedly making a private market rescue deal for first republic untenable at this stage. reuters reporting a fdic is preparing to place first republic into receivership imminently that's the word they use, citing a source familiar with the matter now, the report said that the deterioration in first republic's position does not allow for more time to find an alternative solution through the private sector this mirrors or david faber reporting. first republic and the fdic did not immediately respond to our request for comment this evening, but you can see just the massive plummet in shares there, which really started

drink from lakes are ground, like not so few blocks, the cows drink water there is a downside to grasso cows to eat more of it and grain and what goes in also comes out wherever cows are. all these cows are basically constantly burping and farting, which generates a lot of methane. and essentially the bigger they are, the more methane they make. methane isn't visible best detected by satellite. it's way more potent than c o 2 on a diet of grass, animals go slower. now, more methane than granted caps surprised when for the feed last there but also comes out as manure and urine. lots in it, in addition to methane, it releases nitrous oxide and other potent greenhouse gas in the summer. the menorah decomposes in the field and pollution levels are low during winter. the minority handled similarly to feed lot and the title it all comes out here and then it's shuttled over there where it's eventually turned into liquid and sprayed on fields. except on a feedlot manure is stored in large pools, releasing more methane and solid storage. and the more that there is and the longer it stored, the m

there is a downside to grasso cows to eat more of it and great. and what goes in also comes out wherever cows are. all these cows are basically constantly burping and farting, which generates a lot of methane. and essentially the bigger they are, the more met, they make. methane is invisible, best detected by satellite. it's way more potent than c o 2 on a diet of grass, animals go slower. now, more methane than granted caps surprised when for the feed lots there but also comes out as manure and urine. lots in it, in addition to methane, it releases nitrous oxide, and other potent greenhouse gas. in the summer, the manure decomposes in the field and pollution levels are low during winter. the minority handled similarly to a feedlot it all comes out here and then it's shuttled over there where it's eventually turned into liquid and sprayed on fields. except on a feedlot manure is stored in large pools, releasing more methane and solid storage. and the more that there is and the longer it stored, the more it releases. one big downside to grass fed f

now, a quick and important point -- if this goes wrong and steve grasso, who i know was favoring getting long tesla at the end of the last show -- if that proves to be true, an important thing about these vertical spreads they will not go the full value the instant the stock runs through the strikes. if you get the trade wrong, the important thing to do is make sure you cover it quickly, and you won't lose that whole section of red you see on the screen, but i have a feeling they're going to have a hard time breaking through those levels. >> does seem the market doesn't know how to interpret the price move that tesla's making when it comes to lowering prices how does this set up >> apparently some of the customers are furious. wouldn't be nice when you buy it and they cut the price days later. tesla is idiosyncratic, and we know to some extent it's not correlated with the major m manufacturers. we know the market makes a low in october, and we're up 15% off that low nissan is up 6, 7, toyota down 10 the group is heavy, and tesla also, to be fair, having had a collapsing and big ricochet

each nose you still carry grasso cranes can not all of them are but genia that are not all other stuff. privacy will medicine you but she talks about privacy. what he isn't black of you. people who did seem decently still movie chip to state for gloria parties from a border. you put a brochure. it's a cautious cookie delegate. muslim a tourist for me to always keep telling you what the fuss is. starsky de la, gifted as the gyla organs, as you please can, i can say that you'll know, please stand by me. keep on be to put your groups, come will leave your noggin, looking at them, which are nice to talk. so as bad of their garage? no, that's yeah. me. blue get was oh yeah. yes. dishes cuz i knew will you just about when you put a leaching agent, just them or put them on boomers like which is kinda crazy with us to deal with but you was to whatever, when your whole grain you think about like a stage? well, a wizard that they're gonna do is let the capture, let that white i'm a bit, i'm good. i mean, you got really neat deciding what he did it all. his book aline. our still doesn't build a w

so model koreans cohen level, but the more because that was with the let's see, as glen la grasso not other mcclain for present corona. so did there go narrow thought those are the bigger provides is that the bullets each knows you. so craig, russell cranes can not all of them are but genia that i will not order. still privacy will that is new. but chinney doug approved, he would, he hasn't block off you paper who did seem decently still mavita choked to state for gloria parties. small border you, but it's only about a shirts, a cautious radio. we'll get muslim. we got orders for me and all this yellow here below. the fastest dusky de la, gifted as rodella organs. as you please can. i can see that you're not going to sleep by me. a roofs come, we'll leave you morgan, let him go yet. i'm watching on my sweetwater. as bad though. gross. nicer thought . me look, it was all year. the officious canoe will read you some bolingbrook, a leech, an agent lost them or put them on bull mouse language is getting a little bit of us to deal with. but your booster, whatever. when your whole grain is

let's trade it now with steve grasso great to see you let's start with travelers big pop, still downo you do with it >> so this one i'll start where you started. so they boosted their dividend, the record day for that dividend to own the stock is june 9 so people still want to own things that have a return on it, so you could see some follow through on this buying if you look at the buyback, added $5 billion to the buyback, $1.6 billion left. so that has a bit of a stabilizer to it you don't buy a stock because of the buyback. because the buyback is not able to run the stock up due to the regulations that are required within a buyback i'd wait on this one because whenever you see a pop like this, they always come back and there is always a little bit of reversion. i would wait to the 100th day holds which is the 182.20 level. let's see if that can hold for about three days >> you say this landscape has been much more cautious than today's action would have you see it so you're waiting. let's talk about tesla, shares are up nearly 50%, but they are town about a percent today after ano

grasso is the author of five books, including the one that we're going to be talking about today. it's called the death of learning how american education has our students and what to do about it. john agresto, welcome the american enterprise institute. thank you. thank you very much. thank you all for being here. it's a very. so the real subject of this book is liberal education or the liberal arts. and given the the confusion and even unfamiliarity that seems to me to have come to surround those terms liberal education and the liberal arts think we had better begin at the beginning. that is what are the liberal arts? why do you care about them? and why should anyone? thought we only had an hour. in fact, i get the question in a in more in a sharp way by people say how come the go to liberal. why don't they call it the conservative arts. how and but therein lies the tale because i will talk a little bit about the liberal arts as as the liberating arts, but at the same time, quite paradoxically, they are the conserving arts. this where culture tradition great books find their find