i have the tim suter— been reprimanded? i have the tim suter e-maii— been reprimanded? epresents— which says be in no doubt, this represents a _ which says be in no doubt, this represents a reprimand. - which says be in no doubt, this represents a reprimand. did i which says be in no doubt, this. represents a reprimand. did you which says be in no doubt, this - represents a reprimand. did you read that? _ represents a reprimand. did you read that? ., �* 4' represents a reprimand. did you read that? ., �* ~ ., that? now, i didn't. ithink what we're missing — that? now, i didn't. ithink what we're missing here _ that? now, i didn't. ithink what we're missing here is— that? now, i didn't. ithink what we're missing here is the - that? now, | didn't. ithink what. we're missing here is the report... the bbc's investigation in 1996 stood that point, and it was actually by the fact that i went and hid and did two commissioned the independent review. that then led to the garden at night coming forward. you commissioned the bbc's report after the _ you commissioned the bbc's repor

numberten constituency and boxes, and i think tim is right. s that the judgment of the prime minister was off on this because remember, yesterday, we were told it was case closed. matt hancock would keep his job. nothing to see here. everybody move on. and what i think that's an interesting glimpse into, i think the sort of prime minister's judgment on this, as it was with dominic cummings, isjust judgment on this, as it was with dominic cummings, is just sort of slightly off. you know when something doesn't pass the public smell test, and is clearly didn't. but i think borisjohnson would have kept it. it has been briefed out that matt hancock resigned of his own volition, which i think is really interesting. the own volition, which i think is really interesting. own volition, which i think is reall interestinu. , , ., really interesting. the observer and its headline. — really interesting. the observer and its headline, had _ really interesting. the observer and its headline, had its _ really interesting. the observer and its headline, had its

so i agree with tim's confusion in general, i guess, i think his characterization of okay the fed gained some cred italian there is gamed some credibility, there is someone watching inflation, if you look at break evens on inflation it peaked at the highest use of the word transitory right on that day, so that's come in a lot i think though, there are some bargains out there. i say buy when there's blood on the street even if it's your own, it is my own, plenty of my own blood out there, i got a buy list ready to go i think monday we could see another sell off and i will start buying. >> give me one name. >> fedex, citi bank that's two. >> two for one >> i think tim's right, you have the short end of the curve, you have the long end, the 210 spread that's what hits the banks the most and that rolled over i'm not really sure, yeah -- >> no, finish. >> -- i'm not really sure what the market is overly concerned with, because i do see it as transitory, regarding inflation. lumber came in 50% from its high or 45% from its high recently in a handful of days. we're worried about a handful of th

i suspect tim martin would take issue with _ realise. in the uk but you pointjenny makes is about numbers. this concern about shortages has been talked about shortages has been talked about other industries as well and that seasonal ones like agriculture. but i suppose it is also that political debate that those in favour of brexit set actually you can have any kind of immigration policy you just haven�*t one that is dictated by the needs of the uk not by the kind of needs of so many different countries.— by the kind of needs of so many different countries. there's always been a tension _ different countries. there's always been a tension among _ different countries. there's always been a tension among brexit - been a tension among brexit supporters right back to the referendum. or certainly the case being _ referendum. or certainly the case being played by michael gove and boris _ being played by michael gove and borisjohnson your being played by michael gove and boris johnson your figures in the leave _ boris johnson your figures in the

i said i do not know what happened today maybe some of the effects that tim talked about whatever the expiration on friday wound up being. that was part of it, perhaps i do not have an explanation other than the fact that at this time market is realizing that interest rates will hang out around here. i think that banks like it and the commodity trade, although when these things go lower, it feels like the trade is over and the world is coming to an end for that sector. that is typically the time to step in. i still think the banks do work, absolutely i think the resources work well. to describe what happens, it seems like they are floating he is floating himself out there as a bit of a test balloon this is the second or the third time he has done that. he sort of takes the other side to gauge where the market is in terms of his comments in terms of what we hear from jerome powell >> tim talked about it too, we saw a recovery there crude oil, also the price of oil around $73 per barrel. how do you think that plays into the fedor jay powell's message when he goes before congress and has

i. tim is a miracle story as well. in late 2000. after 26 years, he made pearl. i signed some papers for the pro officer. he said, okay, see you later. didn't asked me how i was getting home. didn't ask me if i had a home. when i realized these people honestly don't give me to survive, getting out a lot harder than it sounds. you may have develop post traumatic stress disorder agoraphobia param, lawyer, and require immediate treatment. you want to need food and new clothes. you're going to need money for transportation to and from your for all office a meeting. if you missed a meeting, you could find yourself back in jail. i need a job, but there's a lot of discrimination out there for employment and housing. speaking of which you're going to need a home, i wouldn't have a home if it wasn't for the rescue, a life foundation to set up the house, transitional housing god. and that found ation is what's gotten me by it's the reason i'm sitting here and not back inside the rescue alive found ation was founded by dwayne mc galloway, who knows how challenging it can be

yeah >> i was wondering if anyone else had anymore acronyms. timan acronym means. tony zhang -- >> he's got the wall street bets haircut. wsb. >> he's on all the strads. he knows what's up yeah got to come to tony's school on friday nights on "options action"s for more "options action" be sure to tune in to the full show you'll see tony and his buddies teaching you lessons at 5:30 p.m. eastern time. cong up next, we've got your final trades. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ when sending a text at 3am... ...is something you won't regret. craving pizza. personalized help for that

thehe gas an was telling me i was praying to god i didn't run over my friend tim mccarthy, i know he went down. that car weighed 13,000 pounds but he still drove. he couldn't see you after you fell. i just remember that vividly like it was such a chaotic moment. take us through what happens in that car, ray? you know, you talked to jerry about it. >> yeah, i talked at length, we talked over and over about that. when i closed the door the first thingg he did is went to the president and said, are you, okay, mr. opresident? and the president said to him, yeah, i think so. that's when jerry got on the air andd announced that he was goin to go to crown, the white house, but it was shortly thereafter that the presidentnt started complaining about his ribs and kept telling jerry that you guys hurt me when you threw me in the car, i think hee mentioned thata couple of a times. and then he said, i can't breathe very hard, i'm having a hard time breathing and jerry noticed the ashen color in his face and asked him are you having a heart attack? he said i don't think so, i don't think so. so j

i think it's just a really strong quarter for the stock that's lagging here today. >> tim, i'm sure you're happy with your nike shares, but i want to get to what karen brought up, which is is this the nike store or should we be concerned about other retailers? it showed a slowdown in certain consumers, so is this a nike-specific phenomenon we're seeing and maybe we should have more concern about some of the others >> i think it's more nike than it is the h halo effect nike's exposure to leisure and just the dynamics of coming out of covid where it was feeling comfortable and looking athletic, but people now partaking in outdoors and sports that's where, i think, the guide is coming from for nike. steve pointed out north america 32% comps, up 20% sequentially from third quarter overall and global inventory that's been cleaned out. this is not a channel stocking and it's a very good story the closest comparison, i would say, to nike is lululemon. i know karen and steve and delano were looking good in their lulus at home during covid, but they're also looking good in the gym, and they get it

>> first, let me agree and disagree with tim. i agree mr. fischetti shouldn't be out there thumping his chest because he doesn't know what's coming down the road. but i disagree that mr. trump only gets lawyers that he doesn't pay them. i don't think he's actually so bad. he's actually talking to every reporter who will listen, but he's reiterating what he heard from the office. i don't think by saying maybe trump will get indicted down the road, he's not necessarily saying he will, he's just saying they're not ruling it out. in terms of what happens this week, we take reporting at its word, which is they'll do interim charges. it's unusual, it's not something that happens all the time in state court, it happens more frequently in federal court. but it's not unheard of so it sounds like they'll file the charges and they're serious in that we don't want taxpayer fringe benefits for organizations like the trump organization, so it need to be prosecuted, it's just not as serious as a lot of the accounting fraud-type issues that have been tossed

still with us, david -- and tim. iestion is how many of those conservatives are going to look beyond trump. tim, what do you think of this straw poll? how many people are going to vote for him in the within the party right now? >> well, i think two things are gonna happen at the same time. one thing is that you have henry olson, doing a lot of which casting because they themselves are ready to move past trump. but they're not willing to go out there and say because they want to get standing with a republican party, mr. desantis is a safe place for them to -- here are the things. if trump were not to run, desantis is clearly the successor in waiting. and i find hard to believe that he'd actually challenge trump. you'd say that he has a challenge within the party, he has not actually challenge trump on anything, all he's done has been set up to him and try to imitate him as much as possible. but i think that desantis would be very formidable, and if i were the democrats, i would not look at him lightly at all. he has don

, courtney. >> steve >> apple i'm going with value and growth. >> when i said cutie i actually meant the little boy timthe financials are starting to go to base under the 10%. xl off 100 i think you can continue to ride this trend the fundamentals are strong in that space look at that cute little boy. >> so cute we need more of him. "fast money" -- "mad money" with jim cramer starts right now. hey, buddy >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there is always money to be found and i'm going to help you find it. "mad money" starts right now >> i'm jim cramer. welcome to "mad money. my job is not just to entertain you but educate you and teach you, so call me or tweet m me @jimcramer. we've endured the mean

does it deserve that >> i think it's somewhat of a different animal than a bank so to tim's point, moreenue, that should get a higher pe multiple i am not so focused on the price tangible book like i am in some others i have more morgan stanley i have the good, the bad and i would say the ugly i'll say the handsome, which is jpm. the good is morgan stanley the bad which is citi and wells fargo. think i on a valuation basis, those are probably the biggest updied and jpmorgan is the premier in the space. i own them all even with rates lower, if loan growth happens an interest margin will have bottomed out. >> with seeing an uptick in opt option activity. mike, what are you looking >> so fy typically trades a lot of options more than three times. calls significantly outpaced puts the most active options were this week's 20 straight calls. over 38,000 of those traded for about 92 cents buyers of those calls were, obviously, betting that the stock can recover from today's decline and some of the weakness we have seen the past couple of days we also saw bullish activity extending into the reg

. >> it was rhetorical to you, but i thought tim would jump and answer it. >> i'll help you i don't know if i have the answer other than i like crowdstrike, the like the last numbers about 74.5% arr growth -- they got a pipeline, they got a backlog, i hate that it trades at 35 times ev to rev on 23, and again, crowdstrike nortof $1 billion in revenues at a time you look at the enterprise there are those who think we're flying as blind as we did in the late 90's when people aren't using an virus or what not, i think the stocks are expensive, i think these stocks areoing higher, you're absolutely right it's six months of dead money. >> $1 billion in revenues and $50 billion in market cap and was at $242 in february. >> meanwhile we've had solar winds and colonial and these events, they've really done nothing. >> guy i will go to you, why is this group going nowhere. >> they answered the question, it's valuation and dan nathan talked about this, that's clearly what's going on, they're high-valuation stocks from any metric you look at i get it, in mid-april they topped off, all of them back,

i mean tim, interested in the, in the when i our local bike alone, this was the entities. how got because you have up this idea, you know, is with us with us here. and if you're not going was you and when it's close, eunice is, i'll go get on the way i might and we carry with one of the family in it. hello. when you can remember, we're going to say that it was one thing you could okay in your page mostly that i can see in the telephone and the 2nd chance he thought you could, i couldn't month because concerned about me not a minute but, but i mean i feel like i need them, i thought the, my body, my thought as you can when the thought isn't as, as you know, a lot of what it was or not. and i don't see in thinking with, you know, a lot of my work. so it's pretty well, it's all they don't at the, in a lot more of the anatomy. it's entirely, oh my goodness. i'm going to say to me, you know him bit better go. now. i could think again, when i say the here, because you know, when, when, when, if i'm on my own and they figure out, and i come and go here, clinician, been with me ab

i saw that tim was on the sidewalk. i knew secret service would look after him. a police officer was winded but policeman would look after him. it was my responsibility to look after the staff member who was wounded. he was very popular. he had been a friend of mine since the early 70's. i saw his wound. he tried to raise his head and get up off the sidewalk. the bullet had entered his forehead on the left side, pretty much had opened up fiscal. -- his skull. i was trying to use my pocket handkerchief to hold it together until medical aid could arrive and provided with proper bandaging. we were trying to get him in an ambulance. once in the ambulance, we had a fight with the d.c. fire department. they wanted to take into the medstar unit, but he would not have made it because he had a head wound. i knew, from previous experience and training, that had wounds, you did not survive very log if you had a wound of this severity. so we had an argument about taking him to george washington. i always asked the secret service on is the hospital? i: the radio back to the w

the mirror acquisition i think they paid $500 million i think will end up being a home run, that's great the problem tim it's double the market multiple double and it's priced for perfection they've delivered perfection that makes it fairly valued. i don't own it any more. it's a really great company but if a little bit of the post-pandemic slows things down a little bit or even the perception is more pronounced that, okay, they were a pandemic stock, then i think there's down side. >> all right we've got a lot more ahead here on "fast money", here's what's coming up next. >> no red light for ford and gm, these stocks putting the pedal to the metal you better buckle up for this next trade plus, a tweet with some heat twitter announcing a new subscription service, so is this stock ready to take flight we've got that and aot m lore when "fast money" returns. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with

i think the resource trade works. tim can speak to that. i am in the paul tudor jones camp. >> so, obviously, a macro trading legend, right? over the last 40 years, i guess my question would be what is different this time? is it different this time that we just had a pandemic, this black swan event it was one of the worst health and economic crisises in hundred one years? i remember prior to the pandemic the idea that inflation couldn't get going fast enough, that we were worried about deflation in all the forces going on in technology, globalization, that sort of thing. when i think the last 14 or 15 months, i don't understand how a legend like that and these other guys, all these other people weighing in, all of a sudden a black swan event has created this weird supply/demand dynamic and we are having supply chains messed up, still dealing with the virus, still upticks in china that are causing shipping delays i get it the point is, what is your definition of transitory because if you are telling me that a pandemic is going to cause, like,

i mean, on the day on the i, i don't think i know tim females who are spinning within the entire africa. let me say i've been to, to, i've met i so so would love to teach other females. you know how to spin or help them out to come into the industry with the things that i struggled with. so i'd like to hold somebody's hand and say this is what you do. this is how you do it. and when you get to a place, this is how it works because with me i had no one. and i fumbled and assembled until i made my team and i got it right. the news the news playing jazz. welcome to the raft, check. today i'm going to tell you exactly why i think the mapped up 3 is the math compact car. you can get read. know that in manuel has a soft spot for the master 3. so he's under orders to show what he doesn't like as well. so the general driving impression in the re with us guy, the engine is pretty nice. it is as 40 car looks 40 and it also feeds 40 driving into curve. and if you use the full potential of the engine, then you will also be on your way quite quickly. makes a dash from 0 to a 100 kilometers now in ar

we're very pleased to partner with haverford trust and you'll see him see them up on the on here and i tim gillespie, but all i can see is darkness out there tim and joe mclaughlin and so let's thank them for making read the revolution possible. now it's a real pleasure to be welcoming dr. vincent brown this evening and as is sometimes the case but not all that often. it's we're actually welcoming a good friend to the museum here this evening. vince was one of the group of scholars who consulted with us during the development of the exhibitions and interactives for the museum here so long before the shovel was in the ground and the steel began rising here at 3rd and chestnut in philadelphia. we were you know tapping vince's brain for exciting stories of the american revolution some of which really turned into some of those great personal stories in our core exhibition here. vince is the charles warren professor of american history. and professor of african african-american history at harvard university he is the author of the reaper's garden which won the james a raleigh prized louis gotch

i mean, on the day on the, i me, i don't think i know tim females who are in spinning within the entire south africa . let me say i've been to, to, i've met i so, so would lots of other females, you know, how to spin or help them out if they come into the industry with the things that i struggled with. so i'd like to hold somebody's hand and say this is what you do, this is how you do it. and when you get to a place, this is how it works. because with me, i had no one and i stumbled and i stumbled until i met my team and i got it right. the me the the the the, the who's playing jazz. welcome to the rap check. today i'm going to tell you exactly why i think the mapped up 3 is the math compact car. you can get read, know that manuel has a soft spot for the master 3. so he's under orders to show what he doesn't like as well. ah, so the general driving impression in the month 3 with us gag. the engine is pretty nice. it is. as 40 car, it looks 40 and it also feel sporty. driving into curve. and if you use the full potential of the engine, then you will also be on your way quite quickly. mak

you just run out of sellers and good old fashion short squeeze, maybe, naked shorts i don't know. >> tim >> just the case there's been a whirl wind around the stock. you know, i think there's more volatility to come i'm not sure that the selling pressure is over but i agree with dan, at some point you see exhaustion. >> all right coming up, new virus fears are causing major shipping delays in china, what does it mean for the retail trade first, shares of lordstown falling hard, we'll tell you what was behind the big droch when "fast money" returns. ial en retirement, so you can live the life you want. when "fast money" returns. protectedincome.org. my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um...

i mean, tim, he talked earlier today.ruise ships to his states. but let me play that and then make my point. >> we have seen throughout this country government overstep its bounds in response to the coronavirus pandemic. and you can't have an agency relying on flimsy legal authority to just keep an entire industry closed with really no path forward. the only reason you even started seeing any of these discussions is because we brought the lawsuit. >> when i saw that earlier today, tim, the first thing i thought was is this exactly the kind of language republicans are drawn to? >> yeah, look, absolutely. and i think that the media on the left should be careful about burning ron desantis into a celeb among republican voters. him pointing his finger and chastising the media and chastising the liberals is what got donald trump popularity. i think desantis has a lot of dangerous qualities. i think the way he sucked up to trump has been abombable. it wasn't anything special. he was the median republican governor. they all did t

i agree with tim davie, it was a big mistake. full horror of what he did around the time of the diana interview was only uncovered by lord dyson so it is true that we did not know the full scale ofjust how awful his behaviour had been 25 years ago. of course, another former itn executive has pointed out that there was a report by tim garden which wasn't given to lord dyson, tim garden gave it to him himself. again, questions about how much they bbc did have back in 1996 having said, the whole thing was a scandal, which it was, the reappointment shouldn't have happened. i do think that there is some defence that people should have in 2016 about not knowing all the detail and also that some of these documents and some of these controversies were seen as being in the deep and distant past, so there are some defences but the bbc does not come out of this well at all and i think all of us who work there are deeply embarrassed by this terrible episode. you talked about hiding. you know, martin bashir was the only external candidate int

i would just, for me, i'd rather have bitcoin >> tim, i will give you the last word, what do you make mr. aasaylor has to say. >> looks like he wants to be a etf. looking at correlation, as bitcoin pulled back 50, he pulled back 51 i do think it's impressive. if you think about it he doesn't just raise this money from the retail community or people that have been most-associated bitcoin. we know that his point is bitcoin is an institutional grade-safe haven when you talk about secured debt you're talking about a different type of investor and it's pretty clear that they're lining up for this that's really -- the captain at market story to me is as fascinating as any of it because it's really telling where there's plenty of interest for the asset class. >> there's a lot of fascinating threads in that story, tim, thanks coming up draftkings head headl that sent this stock into the red. but first fast pitch coming your way find out if you think it's a home run idea. stick around for the name when "fast money" returns [sfx]: happy screaming [music ends] this is the gap, that opened up whe

i mean, this also might be an opportunity for american parents to give their kids a little lesson in consumerism and the emptyiness of it. >> timthere won't be a christmas, right god forbid >> yeah. well, again, and we are certainly not the land of misfit toys here, kelly but i think you have a case where we definitely, if anything, if you're mattel that the demand story is the more important part if you look at some of the toy stocks coming out of covid the pent up demand is something that came at a perfect time for companies like mattel that are going through a major restructuring and a change in their business the overhaul of barbie and ken and also their digital space and that's what i think is actually most interesting about toy companies. i think this is all relatively transitory and, yes, the holiday season is critical and more important is the structural future of their business and those secular tailwinds. >> kristina, back to your point on inflation a great case study on how much consumers are willing to pay up, whatever those margins are going to be. this is all about getting the product here in a moment in time >> i

tim ryan had some hugely -- that had to stop. the way donald trump announced their ham shows how strong a candidate i think tim ryan can be there. >> it also just like, you know, and political combat, it's one thing to like, kind of size up the relative political size of each of the contenders and like, trump taking the shots at congressman ryan, obviously, as you say, it says something about his chances of winning that senate seat. but you look at trump right now it's like, yeah, so, did you still want to go to i'll hire once you learn that your business was probably gonna get indicted the tuesday afterwards? you know [laughs] when he's worried about what he's got on his plate right now, it's so pitiful and scummy, that for him to be spending his time gallivanting around trying to pick fights with people who have much brighter political futures than he does, that says something as well. >> i have a feeling that one of our guests who's been a trump watcher for decades, up close, we'll tell us of course donald trump wanted to go to ohio indictment who you've, more than ever to kind of change the subject and get away from the trut

and i think that is what we're going to continue to see, because it doesn't seem like anything in congress is going to happen anytime soon. >> yeah, tim, with regards to going state-to-state, i have to say, these laws in some states feel very much like a fait acompli. with the composition of a number of state houses, the republicans control more of them than democrats do. in a number of states, there aren't enough lawmakers, democratic or other parties besides the republican party to push back. so absent litigation, the doj doing something, it seems like we can expect more of these kinds of laws to end up on the books, either temporarily or permanently. but how do you see it? >> yeah, absolutely agree with that. and i just do have to say, given the previous segment that i am onboard for free britney and i wanted to take a strong stand with that. >> you put it on the record. we appreciate it. >> as far as this legislation is concerned, look, if you look at a place like georgia, despite the fact that the democrats won both senate seats, despite the fact that joe biden won, because of the gerrymandered state legislature, because of its k

i think for the average investor this stuff all looks the same. >> tim, back to you on that connection't it amazing that he can move stuff as much as he can >> look. i've referred to and i'm sure i will be added to tes-lemmings. the presence is as significant as anyone. tesla is a high growth company with largely a great product but where the stock made no sense, the balance sheet under pressure and then fake it until you make it i think there's also many other little threads of parallel here. the balance sheet is incredible and we know where the market cap is the role of elon musk of where to influence asset prices is up to that retail investor or institutional investor to decide i think they have issues with this. >> the market is still hot on this thank you. >>> and speaking of amc ceo adam aron communicating directly with investors. some of the company's movers this year could slow enthusiasm for the stock. "the exchange" will be right back >>> welcome back what a ride it's been for shares of amc up about 88% completed the sale of 11.5 million new shares in mere hours yesterday but

so kind of some of even been sexually abused and my did, but yet the hand was if i wanted to tim i needed to handle when the children come here. i don't talk to us. they are stressed aggressively that are playing with the other children had the they don't live the, i don't make any friends decide to kill dinny. and this had spinning in to say, but i was having these extremely traumatized children that are not able to open up by town that we can't get through to them. because we've got the mornings and evenings, the boys, tim, yoga and meditation classes. the teacher says it helps to work through their traumatic experiences. yogurt, part of the curriculum for every indian school. good morning. prayers and 78 boys came between 6 and 18. this is the 1st school, most of them have ever attended any slot. vocational training afterwards is intended to prevent them from being exploited in the future as cheap labor has been provide. then there is always time to sport in the afternoons. the boys arrive here, undernourished and improved physical shape. the social worker can push to bond plays critic

i said, i mean they made me said hello. hello tim. i was just going up here. okay. what is the rental lets see. jack detroit asked me what i got, what i did, i shall not go what i felt. i don't want them as he obviously bought so that they get out when they said that i can actually do much, lucy with you, but i will. why my wife, what a guy and what i don't when i was there for the after me shortly. and that a guy here that is who i me the while the make know, you know, borders under the blind to tease emerge . we don't have authority, we go to the back seen the whole world, leads to take action and be ready. people judge governors crisis. we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is to response has been massive. so many good people are helping us. it makes us feel very proud that we need together in this is your media a reflection of reality in a world transformed what will make you feel safer? types, elation community you getting the right way? wher

tim cook has a point - that. we will see how it pans i out. ice. thank you very much indeed. thanks for having me. the founder of amazon, jeff bezos, says he and his brother will travel into space next month, on his rocket company's first sub—orbital sightseeing trip. a third seat on the spacecraft is being auctioned off. 0ur science correspondent rebecca morelle reports. heading to the edge of space. this is the new shepard rocket. so far, it's only flown with mannequins. now it's ready for its first real passengers, and jeff bezos, who owns the spacecraft, has announced he will be on board, along with his brother. it changes your relationship with this planet, with humanity. it's one earth. i want to go on this flight because it's a thing i've wanted to do all my life. the rocket system will reach 100 kilometres above the earth, where passengers will experience about three minutes of weightlessness, and see the blackness of space and earth's covered horizon. in the future, anyone will be able to take a ride for around £150,000 a ticket. and i

the stocks. >> i'm looking at it you don't have to tell me twice and i see it and i happen to agree with you, karen and tim we mentioned phillips 66 and 92 close today and highest in many, many years i think it will ratchet up to 110 and you'll see analysts have to raise their numbers i think there is a jp morgan energy conference coming up. >> great, 110 in oil. >> no, the stock >> guy adami calling for a buck ten oil. karen finerman, look at the chart, karen >> i can't i can't see it actually. >> it is an other line and a white line and the white line is above the orange line. >> okay. given that, guy thanks for saying i've been bullish, i've been under weight energy i look at energy being in con tango and i think this -- the near term price may we'll see continue or not but if i had to increase my exposure i would do it through the oih or ohx or if you want other parts of drilling and production, then i would do the osx. but i've been underweight. >> maybe that is all changing. let's bring in mike khouw for a look at interesting options activity in one of the big energy names mike, what caught your eye

i agree with tim davie, it was a big mistake.did around the time of the diana interview was only uncovered by lord dyson sub it is true that we did not know the full scale ofjust how awful his behaviour had been 25 years ago. flit behaviour had been 25 years ago. of course, another former itn executive course, anotherformer itn executive has pointed out that there was a report by tim garden which wasn't given to lord guyjohn mike tyson, tim garden gave it to him himself. again, questions about how much they bbc did have back in 1996 —— wasn't given to load dyson. bbc did have back in 1996 -- wasn't given to load dyson.— given to load dyson. having said, the whole thing _ given to load dyson. having said, the whole thing was _ given to load dyson. having said, the whole thing was a _ given to load dyson. having said, the whole thing was a scandal, i given to load dyson. having said, - the whole thing was a scandal, which it was, the reappointment shouldn't have happened. i do think that there were some defence that people should ha

so i think there are questions for the bbc, and i think tim davie�*s interview in particular where heints that actually were not dealt with by dyson, the 2016 hiring. why an earth was martin bashir brought back, given his history? and also the whistle—blowing factor. to me, the terrible point of this is the only person to truly suffer at the time was the freelance designer who was asked simply to mock—up a bank report. that is shocking to me. we will... the bbc should never allow that. we will unpick this in a bit, but i want to zoom out and really focus on the relationship between reporters and their editors. i want to look at the methods that reporters use as well to gain trust from a source, from a potential interviewee. martin bashir�*s editor was, of course, the late steve hewlett, who in his post—panorama career became founding presenter of the media show. now, john, you are an investigative journalist. you have been in the panorama office... i was going to say forever, not quite forever, but you have been there long time. we are familiar with your work on screen. can you give u

we need more disclosure. >> now, one of the things i think people will say is who cares? this thing is not that big tim first heard this i was shocked at how big tether is. >> yeah, yeah. that's right i mean, a lot of people would say oh, crypto, you know, it's let the buyer beware it's caveat. i don't take that view first of all, you know, i think integrity in our financial markets is important number one. number two, you never know links and increasingly the crypto world is more and more connected to the main stream financial sector and tether really is kind of tied into our payment system, if you will. it's a digital dollar in many ways so i think we do need to be concerned and i think we need a better frame work of regulation for tether and other stable coins and that could be a money market fund where, you know, you can only claim it's a stable coin if you invest the money in highly high quality liquid assets and ringing it within the banking sector where it has to be issued with a bank and the bank has to have it back by deposits you can say those deposits have to be parked with the fed. there ar

francine: i have the good -- tim: i have a good fortune to work with jeff.al 3d printing, we remained with jeff through the years. we have taken a rigorous approach to development and i think that he will be safe. it is a big vote of confidence in what they are building. i think it will be a fun ride. i think it will be intense. you're launching yourself to space. this is not for the weak hearted. i think it will be successful going back to 3d printing. we will be able to build more reliable rockets. emily: i know there is a much longer answer here. if you could put bets on virgin galactic, spacex, or blue origin, which do you pick? tim: if you look over the last few decades, spacex has been the dominant force and docked with the space station. we are fortunate at relativity that we have a lot of people that built revit space 1.0. -- private space 1.0. they launched over 10,000 rockets with relativity. i think there will be successive generations that you see really making this future happen in a big way. emily: a long and eventful space race to come. tim el

i mentioned my oracle that dan poshed the other day >> we're going to read that later. pish posh we don't know what that is, if you will hear's the thing, we're talking abouts, tim just mentioned copper, lumber is down 30% the housing trade was huge when you look 5% year-over-year inflation i feel we'll get back to the place the fed is wishing to get to 2% on average again. i don't know why if you look at the last 25 years anything is particularly different and if you think about how technology has been a massive deflation airy force in that time period i think we'll get back to where we were prior to the pandemic >> remember we said inflation won't come because of the structural changes in the economy, cellphone bill going lower, structural changes in the economy, we forgot about that in all this talk. >> quickly one difference is the fed balance sheet approaching north of $8 trillion and by the way, not that anyone seems to care but the market cap of s&p 500 gdp right now is 200%. a staggering number. people say it's different this time because all of the stocks are national, world, i get it, but buffett indicator gets world around 120% level, we're well past that now, well.

you know, i think lindsay graham is looking at it saying we're so close, but tim scott realizes that this is going to be very difficult. too early to tell. both sides are still talking, though. that's a positive development. and i think on this issue, just like we were talking about voting rights and on infrastructure, let's watch the progressives. you got a lot of progressives in the house saying we are not for these compromises, people like cory bush, saying we are not in favor of watering down the police srbill on criminal liability in particular, and let's watch that and it's a major unanswered question whether the democratic votes will be there for this kind of compromise. >> abby phillip, thank you very much for watching us. great to see you. >> you, too. >>> in just a few minutes president biden will sign a bill marking juneteenth a federal holiday. it commemorates the end of slave slavery in the united states. >>> and then working on a possible prisoner exchange sitting in a russian prison right now. reed's parents will join us, next. riders, the lone wolves of the great highw

i mean, tim scott gave an example of doctors. i mean, they are held individually accountable. way we treat doctors. >> let me say that cnn hasn't confirmed the details of that fop chief, but i hear what you're saying. ben, this is to you. this is mitch mcconnell on the negotiations and what this would mean for policing. >> without qualified immunity, lou do you get people to do law enforcement work? if the bill passed the house of representatives, it would allow qualified immunity. for those not familiar with that, that means every police officer would be subject to being sued personally. if every single one of those instances becomes a potential personal lawsuit, i'm not going to ask for a show of hands, but i'm not sure any of you guys want to do what you do. i mean, how could you recruit? >> do you think this gets done? >> so, qualified immunity has been ended or limited in colorado, new mexico, massachusetts, connecticut, new york city. as far as i can tell, they all still have police forces and not only that, since qualified immunity has been ended in colorado, the number

>> well, i agree with tim wholeheartedly. ent that is consistent in our message that we will not stand idly by while russia commits human rights violations with some of our adversaries across the world. not having a press conference i think is fine. until these two leaders with come to the table and come to some form of consensus, there is really no point in having this photo op, essentially, and a press conference that doesn't really tell the world what they're really working on. i think the good thing is joe biden has had 40 years of work on various committees in the senate where he's done work on international affairs. he's worked with leaders not just in his role as vice president but in his role as a senator, and he's keenly aware -- and we've seen this -- i think it's a character issue with joe biden that he wants to put the american people first. however, he wants to position america as a partner with our various other countries, adversaries or not, so that we're more safe, not just domestically and abroad. i think that