, founder of chanos and company. jim, it's a pleasure to have you with us. thanks for joining us. >> welcome to my hood. >> i know. your new hood. >> been here 20 years. >> oh, 20 years. what do you make of this memo, this notion we could be at war with china feels like people don't want to believe it or don't believe it >> yeah, a war in the pacific is serious stuff. let's not forget we have a land war in europe going on right now. world war ii tanks, artillery, things we haven't seen in our lifetimes. so shooting war in the pacific all bets are off i certainly hope that doesn't happen and but yeah, i mean, it upsets everything because of what guy said. whether it's supply chains, whatever having china go to war with the west would be just apocalyptic >> how does that factor in to your view on china and how you view that market in terms of opportunities? >> our view on china which is 12 years old has been based on the financial system and debt and real estate markets over there not a lot changes. china will become more

. >> that's reflouned short seller jim chanos on fast money offering his take on the markets. that thesis he doesn't necessarily believe. >> yes, the yield curve says that can happen. most people who i know are saying we have bad wage inflation. powell has said we're going to have to stay longer higher now we have commodities coming back up. copper coming back up, lumber is up big and getting positive stories about lumber so i think the job is a little harder we've got nice number today about wages. i think that the pan loss scenario is a straw man. i don't know anybody that feels that way other than people who don't deserve to be in the business. >> they can't guard the terminal rate much higher, some would argue. you look at what mortgage rates have done, maybe they care about mortgages more than anything >> if they do, pulte is going to open at a high they did a great conference call we don't know whether -- we don't know what new orders to slot we haven't gotten a declaration from powell about the housing market one thing is for certain, if you dump the treasuries, maybe y

. >>> famed short seller jim chanos raising alarm over the trend in the market. here is what he said last night on "fast money." >> we don't try to time the market like anybody else, i have an opinion opinions things are not cheap they are not as expensive as a year and a half ago. the market is 18 times forward profit margins are at all-time highs. that has not been reverted one of the most reverted time series in time is corporate profitability. it has been stubbornly good and high since i've been on the street in 1980, not one bear market has ever traded above 9 times to 14 times the previous peak earnings '87 or '89 or '2004, that is a long way down. >> ken said people are pricing a goldilocks scenario. he doubts the bullish plays out. he is a smart short seller he called a lot of things right over the years at a minimum, he indicated from the data perspective, i don't know where you stand on this, becky, thinking about the relative nature of the market. >> look, jim is someone who generally looks very much at companies. not someone who looks at broader marke

too much sun we've got a big show coming to you for the iconnections global conference headliner, jim chanos his takes on the prospect of a conflict with china in 2025 and we will f. you tonight here 5:00 p.m onast money. much more "power lunch" coming much more "power lunch" coming up your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. at stores everywhere without a prescription. so cozy. how many rooms are in there? should we go check it out? yeah. we get to stay here all weekend! when you stay at a vrbo... i call doing the door code! ...the host doesn't stay with you. it looks exactly like the picture. because without privacy in your vacation home... it's a full log cabin guys. ...it isn't really a vacation... we can snuggle up by the fire. ...is it? wow, oh my- [birds chirping] >>> all right. time for three stock lunch sofi higher after reporting a narrow than expected loss for quarter number four and upbeat outlook as well. lucid up amid speculation

. >> thank you >>> don't miss short seller jim chanos tonight >>> the gig economy is about to becomefitable, what? that's according to one analyst who initiated uber and doordash with an outperform today let's look at tyler matheson getting ready. i'll join him on the other side of this icbrk.quk ea is something. as an expedia member, you can save up to 30% when you add a hotel to your flight. so you can have a bit more money, to do even less. hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap] it's time for business to show its true worth. because it's not goodbye, world. it's hello, team earth. [clap] >>> good day, welcome to "power lunch. busy hour for you here today coming up, stocks mostly lower as the markets prepare for an important week it is the biggest week of earnings, believe it or not, with 20% of the s&p 500 reporting. we will look ahead to some of the b

karen, we did speak to jim chanos yesterday he said you know, if you look at all the prior bear markets, they trade between 9 times and 14 times peak so if we do 14 times peak and peak is 200, that's a long ways lower from here. >> it is a long ways lower from here i guess that the idea that the fed will start to stop and then maybe even turn around, maybe that's the sort of ballast for the super bullishness, i think that i always talk about the market is not a monolith there are pockets of value in there. but it seems to be some of the dash for trash is, i don't know, sort of speculative and ridiculous that kind of stuff i'm not going the play along with. but it does make me want to be more protective. >> you've got to wonder, tim, if jay powell is a looking at his bloomberg terminal and they're looking at amc and tesla and they're seeing the run in these riskier -- quote, unquote riskier assets and equities and thinking this is nuts. we've got to put an end to this. >> but one of the reasons that equities and assets are running and certainly speculative assets are running is you have

on "fast money" live from miami, where they will interview legendary investor and short seller jim chanosat's at 5:00 p.m. eastern time check out the markets, a little bit of a whipsaw today dow in and out of the red. down about 40 points back in three. (vo) the fully electric audi e-tron family is here. with models that fit any lifestyle. and innovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you. >>> welcome back to "squawk on the street." i'm dominic chu. stocks are making fresh session los with the s&p down 35 points as we move towards the middle of the morning, but right now, we want to take a look at one of the outperformers as you can see. consumer staples, names like kraft heinz, hershey, jm smucker are higher today and colgate rebounding after morgan stanley analysts upgraded that stock to an overweight rating and named it one of their top household product picks. today's move after the company posted weaker than expected gross margins for its qu