billion their investment leon cooperman, author of the book "from the bronx to wall street" joins me e to the tell us what he sees. leon, great to have you here. the timing is really important. what shift do you see in sentiment and why? >> well, i'm not so sure it's a shift in sentiment, but i would say that i have a conservative view of the world. i look at what's going on in the world, i conclude that pice earnings ratios -- price earnings ratios are too high and they should come down. and they have been coming down. i think you have to have a very nuanced view of the market. one is the s&p 500, and the other is individual stocks. i find plenty of value in the market, but i find very little fascination in the s&p 500, which is about 19 times earnings. it's too too high. liz: okay, so you're -- >> interest rates, i think they're going to go higher. liz: so this is specifically on valuations. you know, we were looking at the s&p price to earnings ratio, it's actually higher year, albeit slightly, than it was last year. so, you know, tell me exactly what it is that you're seeing comin

howard: liz, the the reaction from leon cooperman, who also told you that students have s for brains,ns, that seems to be an increasingly common story. >> there is a donor revolt right now. when they see that the leadership at these universities somehow has become can cotton mouthed in the sight, full sight, of blatant anti-semitism, you know, let's be clear about leon cooperman, he is the son of polish-jewish immigrants when came to this country. bronx, he wrote a book called from bronx to wall street, and he spent, like, two chapters dedicated to columbia and crediting columbia for helping him give him a shot at becoming a sell made billionaire. so -- self-made billionaire. so let's just focus on the students having s for brains, let's just focus on that, he handed an unmarked map of a map of the middle east, kids could no sooner pull out gaza is or israel than they could recrete a pass -- recite a passage from shakespeare. the president of columbia has somehow been unable or unwilling to decry a professor named joseph mossad, a tenured professor and, by the way, a columbia graduate

there was one at columbia, and yesterday leon cooperman, the billionaire investor who has donated $50hat he said, and then i want your response because you were educate at stanford business school. so listen first. >> i think these kids at the colleges have [bleep] for brains. we have one reliable ally in the middle east, that's israel. we only have one democracy in the middle east, that's israel. okay? and we have one economy tolerant of different people, you know, gays, lesbians, etc., that's israel. so they have no idea what these young kids are doing, and that's one of the reasons i wrote my book. the real shame is i've given to columbia about $50 million over many years, and i'm going to suspend my giving. i'll give my giving to other organizations. liz: you have been aligned with stanford for many years. are you still after a lecturer thered had separated jewish kids, jewish students in one of the classes, put them in the corner and called them colonists? >> look, i think mr. cooperman is right. [inaudible] 45 years ago a short time, but as is my suggest protest of -- jews and s

leon cooperman, a billionaire, was one of the major sponsors of columbia university.mple was followed by many wealthy jews who donated money to colleges that are now standing on their hind legs. large companies refuse to hire students who came out in defense of palestine. i will conduct a harsh ideological screening of all immigrants, if you hate america , if you want to abolish israel, if you don't like our religion, if you sympathize with jihadists, we don't want you in our country. let gaza live, the jewish organizations that blocked it are asking for this central station in new york, hundreds of demonstrators are not for israel, nor for palestine, and not for peace, and here in one rank, jews and arabs against israel, us defense companies, walk past the new york stock exchange, where, against the backdrop of the war, american shares are flying up gunsmiths. pro-palestinian demonstrators, numbering about 2,000, marched past the new york stock exchange. we saw the mob burn the american one. not noticing what is happening under its nose, the american administration p

leon cooperman is one.iral -- liz: where he said he's suspending -- >> but he said something else, can you say it? liz: he said that the students who were supportive of this have s for brains. >> yes. he didn't use the word s. an alum of university of pennsylvania, the wharton schoo- liz: on the board. >> he's on the board. he donated $50 million a few years ago, helped raise something close to, like, a billion for the school. here's what i understand, from people close to him that his drive to defund the school after its pro-hamas, anti-israeli, anti-jewish protests that occurred is picking up steam. thousand, he wants -- now, he wants the head of the school, mcgill. i can't remember her first name. she's the provost. liz: liz. >> liz mcgill, and she wants a guy named bach, by the way, he's a banker, he works for greenhill and company, he wants them to resign. if they don't resign, he's got committed to defund the university of pennsylvania of a billion dollars. liz: billion. >> that's what, the latest wor

against this background, the billionaire investor leon cooperman freaked out, he complained that he sankion dollars into a colombian university, students scold tel aviv. cooperman stated. that israel is actually the only us ally in the middle east and the only democratic and tolerant country in the region. and since the students don’t like the jewish state, then they are cowards; instead of brains , they have a different substance in their heads. cooperman concluded his fiery speech with a promise that he would not sacrifice, there was no more money in the colombian woman. frightened jewish students in the cooper union college library. palestinian demonstrators are trying to break down the door amid cries of freedom for palestine. and this jewish man tells how in los angeles, unknown people broke into his house. they shouted freedom for palestine, death for the israelis. in the united states the situation is increasingly tense. the number of cases of anti-semitism has increased sharply in the country. as reported by the anti-defamation league, in just 3 weeks after the start of israel's

leon cooperman, a billionaire, was one of the main sponsors of columbia university before all the events followed by many wealthy jews who donated money to colleges that are now open for business. large american universities refuse to hire students who have come out in defense of palestine. corporations, presidential candidates go even further and propose to revoke the visas of foreigners who criticize israel. i will conduct a strict ideological check of all emigrants. if you hate america, if you want to abolish israel, if you don't like our religion, if you sympathize with jihadists, we don't want you in our country. let gaza live, this is what jewish organizations are asking for, blocking new york's central station, hundreds of demonstrators, neither for israel nor for palestine, and not for peace, but here in one ranks jews and arabs against israel , us defense companies, walk past the new york stock exchange, where, against the backdrop of the war, shares of american gunsmiths are flying up. pro-palestinian demonstrators, of whom there were about 2,000 people. we walked past the new

billionaire investor leon cooperman said stocks will struggle to break much higher and he said people aren't taking the u.s. fiscal situation seriously enough. >> i think people on your program are not spending enough time talking about our fiscal situation. they're all focused on inflation, but i think inflation is just one part of the issue. i think focusing on our fiscal deficit would make a lot of sense. >> let's see if my next guest agrees. joining me now is roger ragman and former governor of the reserve bank of india and tom honing, distinguished senior fellow and former president of the kansas city fed. welcome to you both. it's delicious irony having you on together because if i'm not mistaken it was at the jackson hole, where you issued this warning that was quite prophetic at the time and i'm curious if you have any warnings to issue now or if you think we're going to come through this just fine? >> well, first, it was 2005. >> wow! >> it's hard to, you know, it's hard to get things right all of the time, so i don't have any sense that i would be prescient. i think it's imp

rob, it sounds like you are in agreement with leon cooperman.imilar for others looking to invest in the permian ba basin? >> i have been investing in 37 years. he has a few years on me. maybe a few decades. i agree. oil is established it will be around a while. the permian basin established as a low cost and low carbon supply basin for the world. there are a lot of players in the permian basin and consolidation makes sense to lower the cost of production. >> what happens? we spoke with exxonmobil's ceo and pioneer's ceo earlier this week. darren woods thinks they will be able to get this out of the ground in the permian basin at $35 a barrel once this deal goes through. they have other things to make it cheaper with the technology. what does this mean? that's a good number. what does that mean for the other big players? what do they have to do at this point? >> if you look back at history with the majors like bp and shell and exxon and chevron, they were skeptical of shale early on. shale development was a short cycle. they were focused on deep

leon cooperman, a billionaire, was, before all the events, one of the main sponsors of columbia universitythe visas of foreigners who criticize israel. i will conduct a strict ideological check of all emigrants. if you hate america, if you want to abolish israel, if you don't like our religion, if you sympathize with jihadists, we don't want you in our country. let gaza live, the jewish organizations that blocked the central city are asking for this. new york station, hundreds of demonstrators, neither for israel, nor for palestine, but not for peace, and here in one rank, jews and arabs against israel, us defense companies, walk past the new york stock exchange, where, against the backdrop of the war, american shares are flying up gunsmiths. pro-palestinian demonstrators, numbering about 2,000, marched through. new york stock exchange, we saw a crowd burn an american flag. not noticing what is happening, under its nose the american administration is poking its nose into middle eastern affairs, there are rivers of blood there, and biden is trying consider the contours of the future world.

. >> leon cooperman told us last week that he would not buy the ten-year yield at 5%. >> at some point, mike, i think there is some desire to take duration. >> a lot of things can be true. value can be building on the long end of the curve. you are getting higher rates and compensated for the risk. it still could go higher. it has momentum. it can create the doubts as to whether we can withstand it. that is the main thing going on. can the economy deal with 8% mortgage rates? >> the transports tell you no. with the russell 2000 yesterday. >> exactly. monday, tuesday? russell 2000 up 3%. you have to figure it out. >> we have to figure out what kind of decline in yields do you need to make the risk worthy of coming in at 5%? would you come in at 5%? you could get that in the 2 or the 1 or the 6. >> you can get that in a money market. >> you would come into the 5 because you think it is going to 4.5. you would make -- >> it will go 4.5 to 5.5. that is the idea. 9 s the stock market closed yesterday as it was september 22nd. i looked at this. the ten-year yield is 4.5%. it is not an inn tr