how does that feel to you, jeff mills? take profits if you have them. >> i certainly agree unless you're a particularly nimble investor and you can play the move that i think we might end up seeing in april, i agree, because to tim's point, things start to crystallize about the economic and earnings picture and once again we have a problem, because i don't think these valuations are going to be supported. last thing i'll say, i know people talk about rolling bear markets, and it's good for the index and it certainly has, good for -- with the rest of the market left behind what about when the bear rolls on that could be an overall drag, and i think that's what we might be in for. >> steve you want to respond or tim steve, why don't you go first. >> to comment on the trading cycle, we definitely have the ebb and plow, and when we look at a chart on the s&p, tyler, we have to break through that 4,200 mark in the s&p or else all this is just another trading exercise and we slap right back down. what made me worried was when th

we're live on the desk, steve grasso, dan nathan and jeff mills. we start out with first republic bank, shares down again. "the new york times" reporting the bank plans to raise cash by selling shares privately jeff has been in first republic. we thought calorie came to the rescue, but there was this sort of overarching question, what happens after 120 day of parking deposits, the bank still needed capital. >> that's right. that's why we didn't want to wait to find out we were in the name, but decided to get out earlier in the week, regardless of what was going to happen, if anybody was going to come to the rescue or not. and i think the thought process was simple, in the sense we didn't want to be overweight banks to begin with, didn't love the exposure given where we are. very simply we took that into account. there was a lot of hair on this. let's blow out the equity when we can, there are a lot of questions around the name still. >> i want to underscore, you're not a momentum trader. >> for sure not. >> so decide to take a flier on first republi

jeff mills just a quick question about potential bank regulation. i know it might be a littler here, but are there any rumblings around what the implications could be about regulation coming down the pipe once all this is handled >> i think it's a little early for, that but again, that's why this weekend is going to be so important, because if they can say, look, this was a liquidity crunch, it was a cash crunch, we have figured it out, we've put this into receivership, and accounts are going to be covered on a one to one basis, then i think that will be a job done -- people can breathe a sigh of relief, but that's why this weekend is critical as a message to the market and of course to the wider banking sector. >> danny, we appreciate it keep us posted on your reporting. we'll follow it all weekend long gad to talk to you today tim, there are a lot of ripple effects to talk about, whether it's in the banking sector -- how about the startups they funded half of american startup, and now some of these uninsured depositors are waiting to figure out if

it takes me time to think about it jeff mills, where do you stand on avgo?ort of read my mind it's actually not historically cheap even at 14 times if you look at the historical p/e multiple but what the market is seeing and what i'm seeing is what guy said nice sales growth last year and nice earnings growth particularly high free cash flow margins, things that are being rewarded in the market and this is not the company it was when it historically traded at 12 or 13 times forward earnings and have evolved with a number of successful acquisitions, vmware next on the table. could be a binary catalyst one way or the other regarding whether it gets closed or not but regardless, i think that the stock is in a very solid position, you have a 3% dividend yield. i agree with guy, i'd like to see it press above 600 and stay there but i think you could hold the stock here. >> coming up, ouch apple shares hanging out below a key technical support level. can it find its footing again. that trade and more ahead. much more "fast money" in two. 'e and ready to mingle. wh

estimate seymour, karen finerman, guy tammy and jeff mills. guy, fleiss to be back. surprising spots of strength. s&p, dow closing off lows of the day but still both breaking some three-day win streaks. nasdaq leading the losses down half a percent. energy, the best performing sector and this week even after underperforming the broader market so far this year, all but one name in it up. some consumer names holding up despite stubbornly high inflation, chipotle, domino's, darden beating the broader market this month. we'll dive into both of those during the show but let's start with the real head scratcher and that is home builders. even with mortgage rates at 20-year highs, sectors stay strong. all up double digits this year and how do you make sense of these seemingly unexpected moves, guy? is that what you saw happening? >> first of all, we're in the presence of greatness. [ laughter ] >> you're a baseball fang. like aaron judge, a rehab stint in aa and a big star plays with the bambinos. >> might have to step out of the batter's box and compose myself. >> you just

what should weñlexpect from the consumer for thnf restf■ ofq year joining us t(■ow, genu$■1■ mills ceo, jeffnd savings rates still remain above pre-pandemic xd■1levels. on the other hand, the semester aren't nervous about inflation, and we see inflationx■ broadly across the economy the department of labor came just a couple of weeks ago an÷■ shows that inflation is roughly about t■6% and certainly, in the food xd■ industry, we're not immune from t we've seen our costs go upñ■ coupl■3■of years in fact, you know, it'sxd■ volatility i haven't seen ine■ 30 years orw3■soq■Ñ■ó■general m. >> but aren't those costs ore■x■$■á■least flat >> you e1know, what we see in t back half of our fiscalxd■year, which endsx■ in may, we're still seeingf■ double-digit inflation. reallyç■ driven by labor and energy and still to ae1 degree, commodity costs. what i will say is that we dov of starting to declineht■ over the next 12 months in fact, we just gave guidance a we expectb is to say ouru costs going up ■% aqosr"■single digits over the cour'■ñ■of the next 12 months. we don't see an environment where there's not

mills picked a new ceo, jeff harmony, and he broke form. he sold out $8 billion for blue buffalo, the most natural of the higher end pet food brands. the acquisition shocked wall street and initially was hailed as a colossal overpay. general mills which had been a consistent buyer of its stock suddenly had to issue stock to pay all the way down. mills fell from $60 to $36 and a lot of faith was lost in what was previously known as a widows and orphans story. when we look back now and realize harmony was a downright visionary. he saved general mills from packaged goods oblivion with this blue buffalo acquisition. while the pet segment isn't the biggest, it became the growth engine for the stock that's beloved by wall street and is instrumental in mills putting up the best numbers of the square of any consumer packaged goods company aside from hershey. blue buffalo's 14% organic sales growth was accelerating growth from the previous quarter driven by higher prices and higher volume. a 2.5% yield, some classic brands, i think general mills is

mill, one's not. one potential bidder is obviously jeff bezos. clearly he is interested. has the six billion, can put all cash. another name out there was mark cuban. i got this from a source close to dan snyder i will say this. i texted with cuban. he has no interest in the commanders whether that changes or not, when mark says no it's firm no. he owns the dallas mavericks. cuban says no interest. that is kind of where we are right now. it is a billionaires game. it is how much of a billionaire you are when it comes to the nfl. much more difficult than the baseball. you can put together a bunch of people. you can put together 50 people and you know, make, make that the, your bid, you can borrow a lot of money. you cannot do that in the nfl. josh harris, is name you hear about with jeff bezos waiting in the wings. they obviously didn't meet the deadline for the owners meeting because i believe that is wrapping up as i speak. liz, back to you, one great thing about today, liz, not i would rather see you here on the set, you didn't wrap me after 10 seconds. liz: you know, c