mark tepper, your thoughts on this issue which has not gone away. to tell you, i mind jen psaki's comments about saving christmas to be incredibly offensive. it makes her less likable than she was say a week ago. it just seems like this administration must think the american people are stupid. they must think that we don't know that the reason for the port congestion is actually because the biden administration has flooded the market with cheap money and the cheap money isn't being spent on services. it's all being spent on goods. so cheap money, plus lockdowns and mandates, leads to supply chain issues. so they're actually causing the problems. maria: yeah. to me, the most egregious comment from jen psaki was when she blamed inflation on the meat conglomerates, that was beyond. blaming corporate greed on the move in oil prices, and the 20% increase in the price of meat on meat conglomerates, christian, your thoughts? christian: long beach and las is ground zero for dependence on china. there's another thing that's exacerbating this. the white house

maria: talking about inflation, 4% being a problem, let me bring in mark tepper because mark, we arer ahedo, riow media mn m o don i't don't peioctnspectelie bveieveve yrourake take on th wh ierhe theisconn betweeell sl s s >> you know, mark m such a grees questionesause i don't . an i i thinkhiha yw theeeli is ihaet as of inflatinfonlanf is s sighht now base effects can't give another 6% or 4%, all of these things are largely related to supply chain issues, and until resolved inflation will go back to something more palatable, i feel this is much more structural i think our environmental policies, are baking in the cake, much higher rates of inflation on energy, and basic materials, i think a lot of the policyholders, with regards to labor markets are causing a labor shortage whether initially is where generous unemployment insurance the vaccine mandates personally i think contributing to a labor shortage, so there are other things that are going on, also, rents, we're not even talking about housing. but housing market, according to kaye, up 20%, for an economy as dwelled as united

and mark tepper to help us out.ou see when the market opens the way it did today. is that where we are right now, mark? >> i think it is. i mean, as we all know, selling begets selling, and you're seeing those losses start to pile up especially in, like, those longer duration, higher growth, higher multiple, smaller names out there. some of those names are going down 5 every single day right now -- 5%. but you know, charles, i'm a buy the dip kind of guy, i'm always looking to get a good company when it's on sale. i'm not ready to jump in just yet, but i am watching closely. charles: rob, you salivating just yet? [laughter] >> look, there's a lot of opportunity. it's like a rolling capitulation right now. it hasn't hit the market by any means, but some of these good, high quality stocks you want to own are getting really cheap here. what i've learned as much as i like names like roblox, i'm, first of all, a long-term investor. i'm not worried about these dips. but i won't add to those positions until i see a little

mark tepper, it was the dollar store and now the dollar pizza.k at pizza shop -- pizza shop owners they are facing the uphill battle. they have costs going up, rents are up, when example in the story, 15,$000 a month for rent, that is crazy. for a pizza shop it was $9,500 a month 3 covid and there's only two ways inflation can affect pizza. prices go up for the consumer and you get shrink relation where you buy a place but the slices smaller. number triangle pieces but maybe you can get one of those little squares for a dollar but nobody really wants the square, you want the triangle. lauren: i will eat any pizza. if you tell me those rent prices, and that is insane. mariah carey's hit song is all i want for christmas is you, i can't think, came out in 1994, still topping the charts. we have details on her new billboard record and consumer electronics show in las vegas in two weeks, major tech companies rolling out at the last minute. will covid sabotage it? ♪♪ ♪♪ ♪♪ ♪♪ some days, you just don't have it. not my uncle, though. he's taking trulicit

mark tepper is with us.rve to stop printing money and do you want the president to pause or cut build back better? you want all of that? >> i want all of it. the fed needs to stop buying bonds completely, they don't need to actually the taper. they need to stop buying bonds completely and in fact i think in 2022 the narrative is going to become how much of those bonds are they going to sell. they will unwind the balance sheet because let's face it. inflation is out of control. we need to deal with it quickly and strongly or else we will have big problems and we don't need build back better. we don't need any more fiscal stimulus was what we are experiencing is runaway inflation, look at consumer confidence trending lower and that is probably because the average american is making more money this year but their wallets are lighter because expenses are outpacing wage growth. stuart: if we got that, if the fed did all this, no more money printing, none of that and no more build back better, what would the marke

mark tepper is here. j.p.at marco said when you read some of his comments he thinks 2022 will bring the end of the covid pandemic which is fantastic. at least in regard of us been worried about it, the state and should scare tactics with the pandemic i do think the virus will be here for a long time. we just have to learn to live with and deal with it. don't be a de blasio, use common sense and logic and don't be irrational or authoritarian. if your leader whether city government, state, the country or leader of the business, use common sense. if you use common sense we can move forward and get this economy back on the normalize track absent fiscal stimulus that got us to where we are today. i agree with a lot of what marco said. stuart: hold on we have elon musk making another headline here's what he saying, the declining birthrate is one of the biggest threats to civilization. watch this. >> i cannot exercise this enough there's not enough people and i think what are the biggest risks to civilization is a lo

mark tepper joining me now. you are not remotely concerned about the omicron variant.a, very my old and beyond that i will give this administration the benefit of the doubt and assume they are not dumb. lockdowns are not the answer. despite what happens we have the covid playbook, if you look at march, there was a freefall. the playbook is as simple as running the ball up the middle. investment terms that means you buy the dip. dave: it is not all roses and going to the restaurant and the -- what is the prime? >> it was a lobster or something. there is so much need inflation, they keep reprinting the menu. they need to accelerate the papering. dave: you talk about stamping out inflation. to stamp out inflation you need a little more than what he was suggesting, a little more tapering. >> had a point where we are up 6.2% year over year. regardless everything that comes down from there will not go back to 2%. you need to be more aggressive, the more inflation is a tax on lower income people. emergence from companies we own in our stock portfolio. that will bring down the

mark tepper with me today. we have this inflation news, 6.8% up on the consumer level.er going around, 7%. the market initially called itself down and said thank goodness we didn't hit 7% but regardless right now we are in a point where inflation is outpacing wage growth. wage growth year-over-year is down, we are at a point it is beginning to the road quality-of-life. this is a tax on lower income people, a tax on the middle class. the fed is going to have to step up and get something done. stuart: that is what has me worried. when the fed steps up and does something interest rates go up and the market usually comes down. that is what normally happens. >> when interest rates are going up as long as inflation is coming down at the same time, if you go back through history during those periods of time the market has outperformed its historical average by one.5%. a lot of people think exactly as you do that as soon as interest rates start going up performance is going to suffer but i think it is just the knee-jerk initial reaction and then it will recover. >> a new poll s