i like mike mayo's acronym acb. mine is levi la liquidity, earnings, valuation, interest rates, and sentiment. what is driving china at the moment is liquidity, interest rates and sentiment. liquidity is coming from a boom in margin financing coming from a huge domestic pool of savings looking for a home. interest rates are falling. and sentiment is sky high. it's feeding on itself. it's being egged on by the chinese government. and i would say in the short run, as well, sentiment is getting a huge boom within china from the talk about the inclusion of chinese shares in the msci index potentially next week. what clihina doesn't have is the earnings and valuation. as i said before earnings are simply not coming through for the listed companies which is why we're look at a stock market which in many cases trading many times earnings. the market is discounting earnings recovery that i simply don't see there. so this is a very difficult time to be a fundamental investor in china. >> are you just closing your eyes and bu

let's bring in mike mayo with clsa.e names, they're soaring, the small and mid cap ones. everyone's rushing to that side of the boat as the rates are expected to rise. is it a bad move or a smart one? >> i think it's a smart move to own bank stocks. as simple as abc and the a is for asset quality, which remains very strong the b is for balance sheets which is stronger than they've been in a couple of decades. and the c is for consistency. banks are to have much more consistency, and their earnings results. but i will add to the a, b, c, the letter "v" for volatility. there will be volatility ahead, especially with earnings greece capital markets and regulations. it's not a straight move higher but we do think there is a structural change that's being underappreciated by the markets. and we'd be buyers of citigroup and morgan stanley into their post crisis highs. >> citigroup and morgan stanley are your favorite picks, mike. are these banks, and you talked about the "b," the balance sheets and the "a" asset qualities. ar

jamie dimon under the now famous line to mike mayo, "that's why i'm richer than you." jamie dimon is currently worth $1.1 billion. this, of course, thanks to a stake in his own bank and the proceeds from his stake in citigroup we he worked in the 1980's and 1990's. betty: it is unusual for a bank chief to accumulate this amount of wealth. as i was reading through the story, which is a great story, how confident are you in these numbers? >> party confident. the first bucket is just jpm stock. the other is a little more mysterious and requires a little bit of our special bloomberg sauce, which is to take a valuation, say all the stock he sold, he was lucky he got fired because he did not sell when it was 90% down. to take that stock and compounded over the years, on top of the salary he has received, on top of his board memberships, and to do that over worthrs, that stake is $550 million. we are pretty confident that at $1.1 billion, he has crossed the threshold. jpmorganyou are a shareholder, should this be of any concern to you? bill: no, not really. as i have pointed

mayo. the black pepper cheeseburger. taste it before it's gone. (cheers and applause) >> larry: yeah welcome back. i'm here with my panel nightly show contributor you know him mikean and acker and host of the hooray show are horatio horatio sanz. (applause) >> i like that title. an author of the book zealot the life and times of jesus of nazareth religious scholar reza aslan with. >> big news this week. boston bomber tsarnaev was sentenced to death yesterday. i don't know if you caught this. and-- thank you. oh wow. very good. i agree with those people. >> yeah yeah! >> we had a show about that. it was very interesting. we can talk about that too if you want to talk about it. but this is what is interesting to me. he apologized somewhat of an apology. here's part of it. he said i'm sorry for the lives that i've taken for the suffering that i have caused you and the damage that i've done. now i'm confused about this. he shows no remorse during the trial at all. he kind of like was making a mockery of it. does this feel like he's doing this i mean does anybody feel this is sincere or doing it just to maybe win an appeal against the death penalty? reza, what do you

mayo. the black pepper cheeseburger. taste it before it's gone. >>> 9-5 giants over the dodgers. they i'm jon miller with mike krukow.t put the giants ahead a lead they never gave up. heston first rookie giants starter since bumgarner. buster posey is with us. congratulations. tell us about that. see curveball after curveball. finally he hung one. >> that was it. he had been throwing good curveballs. he knew going in that would be one of his strengths. he had kept it down well. fortunately left it up a bit. >> how was it scoring momentum coming into los angeles? >> it was big. we struggled a little offensively in the last home stand. ran into a tough guy in hernandez. to put runs together late in that game last night definitely helped. >> we'll talk to you about the rookie right hander tonight chris heston. looked like a tight strike zone one you could get frustrated with if you were a pitcher. how did he keep focus? >> he did a nice job. he was throwing pitches close to the zone. some that could go either way. he kept composure and got us through five. >> you did something no giants catcher has done in 112 years. st