this is the secret of mario gabelli. this bag is embarrassing. n am bag that leonardo dicaprio had in that movie. this is old-style with legal papers. is there anything in there on jamie dimon? mario: first of all, jamie dimon is brilliant. i found a manual report of a company that is a tiny bank in southern california that has been in business for 100 years. shares of by three month of that because it doesn't trade much but those are the heirlooms that you want. jamie dimon understood the world and the future. my clients, the trust banks. bank of new york and northern trust. why? what happened in the way the allocated capital, they would going to do that again. tom: gary cohn is chair of the fed, does that work for mario gabelli? mario: it doesn't matter. we have a political system and we get new people in all the time. tom: we will listen to chair yellen today. the second day of testimony. look for that later this morning at 9:30 or 10:00. michael mckee had great coverage of that yesterday. we continue with mario gabelli. this is bloomberg. ♪ ta

with us is joe, jim and josh and mario gabelli is here. he is the chairman and ceo of the gabelli funds. let's begin with the amazon and new group of stocks getting hit today. there they are on the wall home depot, best buy, lowe's, whirlpool? best buy, too. sears will begin selling its kenmore brands and appliances on the shopping site. so, mario, i guess this is what we're used to now. do we have to look at our portfolios and are they saying that it can be disrupted by amazon >> it's part of the free market system it's good for the consumer something to come along with the business only two days ago along with a baseball team. inflation for the goods and analysts watching this, all they have to do is look at page 41 of their annual report. appliances are 7.8% of the company's total revenues, however, that's been the big growth factor on a com space and that's what the street looks for. >> do you think some of this is over blown >> look, mr. market, that is the volatility in the market where is home depot going to be in the next five year

with us is joe, jim and josh and mario gabelli is here. the chairman and ceo of the gabelli funds. let's begin with the amazon and new group of stocks getting hit today. there they are on the wall home depot, best buy, lowe's, whirlpool? best