tjm institutional director jim iurio. the loss of half a billion dollars alone. just your thoughts? >> it is about time. i have written down a quote i had on my desk, since she said it, harvard president said our university engages free expression. we know what level of nonsense. were there efficacy of masks, vaccines, the lockdowns during the pandemic. there wasn't free expression allowed about that. if someone asks to right a essay to go there, conservative ideals being a corner stone who they are, if they don't grade off those people. i'm surprised billionaires a lost conservatives give money too. i don't know why they give money to hillsdale and don't keep giving money to these institutions. i don't know if you saw the cornell professor came out described situation when he heard about the news on hamas massacre as exhilarating. i don't know if he is cornell professor, on the cornell faculty. he was energized by the news this is some evil stuff. if this is month ago, they want to have debated about the way palestinians

larry: very important to push back on jim iurio as a generic matter.feel the same way. >> i believe crude is going to 100. i believe it is a short-term pull back. i think saudis and russia will tighten the screws on us when the time is right. i think they did a little bit already. larry: did you see that piece in the paper today, the energy department, or somebody in the administration won't let anybody go to a conference or at a conference that has fossil fuel participants? it is like they will be contaminated by fossil fuel participant. this is why it is hard to figure you're not going to go higher with oil prices because you're not allowed to pursue anything. 15 seconds, jim iurio, buying stocks or selling them, one word, buying or selling. >> not buying them yet. larry: pete najarian not buying them yet. >> i think he is right. start selling them even more. larry: start selling them even more. that is najarian and iurio. i'm "kudlow."is i'm back with my last aphing thousands of miles of remote coral reefs. word. kudlow: you know republicans speak o

charles: want to bring the director of tjm institutional jim iurio.ear moving higher, 10-year yield, 5.25, say that happens, what does it mean for markets? >> markets will not like it. the stock market hate this is move in bonds for two separate reasons. one the added volatility on the long end of the curve scares it. even rates going down the long moves mite roil the stock market a little bit. the fact that net rates were higher than they were. scotty sounded optimistic. i'm not nearly as optimistic as that. for 15 years with were buying equity markets because there was nothing else to do, interest rates were essentially zero. the stock market wouldn't mind long end yields going up so fast if it believed it is against the backdrop of a strong economic conditions. the fact it is it is not. one thing i cite janet yellen coming out saying that it is. that was nonsense. that is not why. the market is saying we're selling too many bonds. that is why that auction went badly two weeks ago. charles: you know ironically when yellen said that the market interp