p. morgan, j, j. p. morgan actually issued a statement. what they said about this lawsuit, if anything, they've issued a sort of boiler plate, boil trade denial, they or, or they haven't responded. see, and that's that on the loan right there shows that they think that possibly they had to know with jeffrey i've seen went down that positive. this could be exposed, but they didn't want to address it. and i guess once again, craziness of all of this in fact, in 2009 that this, this class action suit says there was a lot of civil litigation around that time, which sort of led to the criminal arrests of people or jeffrey and maxwell. but, and by the way, the was through it, the class action was filed by edwards plotting jer, which is one of the lawyers bernoulli edwards wrote a book to relentless pursuit. he's in pursuing epstein for decades. but around 2009 there was a lot of the civil litigation and they service of tina and j. p. morgan chase and they never cooperated in any of the civil litigation. and there was never any follow up to that.

p. morgan chase bank. why the attorney general of the us virgin islands says the major bank should be held accountable for the monetary actions of jeffrey epstein. let's get started. ah well, it seems the drama and whether the power continues to spread. even after jeffrey, i've seen death 4 years ago. unfortunately, that doesn't necessarily mean justice or accountability for anyone who was involved does as well. never in modern day have you found a story which involves some of the most powerful people in the world, sex illegal activities and a whole laundry list of international crimes. get very little convictions and the legal system actually happening. despite revelation, after revelation, there is still a huge cloud of mystery regarding the inner workings of the epstein sex trafficking organization and the specific individuals involved the latest to come to light is the accusation against one of the world's largest banks. j. p. morgan chase bank regarding the actual financing of attitudes, various busin

p. morgan, j. p. morgan actually issue to stay with one of the they've issued a sort of boiler pick denial they or, or they haven't respond right. there shows that they think that possibly they had to know with jeffrey that they didn't want to address it. and i guess once again, craziness of all of 2009 that this, this class action suit says there was a lot of civil litigation to the criminal arrest of people. jeffrey, i'm going to lay maxwell through the class action was filed by edwards plotting. joe wrote a book for latin was pursue, he's in pursuing epstein for 2009. there was a lot of the civil litigation and they service of tina and j. p. morgan, in any of the civil litigation, and there was never any follow up to that. there was never any kept moving normal in a lawsuit. if someone does not respond, it's even more pressure from them to actually respond to the court. so there's all right. and then of course, be morgan chase of the monday rece. exactly on that side of it. so here's what this could

p. morgan chase bank. this is a large i guess that's a political question. regulations and it produces a lot of traffic enterprises, maybe the worst particularly involved but you will to prosecute people. epstein of course got away with it forever because he was, look, he wasn't properly registered in places. he was there in the virgin islands. they say that makes sense. that's not relevant. application for a tax break. wow. well, before i let covering this, do you actually believe as another element of this evil header of all the dealings and full justice given to the victims? you know, i will say that right now there's a lot of civil litigation said that came after almost a decade. less than the florida courts by wars like bradley edwards. and because they had given this non prosecution deal. i think we'll just stick to stick on the story. you know, after go a maxwell with the others. a lot of people that the government probably should prosecute and i think they want the story to be over mileage. that's

p. morgan, unknown.

p. morgan chase and chase manhattan was the 3rd largest bank in the world. well, it does, it didn't mean exactly that, david rockville around the world because he didn't, he wasn't like, it wasn't acting like a political liter. um, but it shows that the influence of the narrative, the influence of the other to on the other people that came in, who would be more interested in creating a new international economic order than a banker, a money person. that makes sense because money is the heart, the heart, the blood of the economic system. so over the decades we've seen this banking institution flux a little bit where some banks would kind of maybe drop out, others would come in. but today, interestingly enough, the power structure and the trial out of commission especially, has shifted from what we would view as commercial banks to central banks. and there's not very many central banks in the world and one for every country, but one central bank, like our federal reserve does not serve other countries, just serves us or our government. but every central bank i

p. morgan and owner some data, asking him why he's part bursey in the usa. and he was on the heart empowered by the c s t. c. some and accuse me of liable. and threatened to tape or harm were in switzerland 2 years ago at the age of saturday, prison denied year medication given ill fitting portuguese prison guard told you this treatment was not coming from them. no, john, i had no idea i was on they took me to the show, it was dirty, it was a water. it was scary because, you know, in europe and it seemed to me like the i wasn't even given miranda rights. there was no cheese. my wife was needing to see me or bring me show in hank house. can you believe in anger, off the swiss won 2 extra dollars to switzerland or violation to privacy and see i have to stay on the island on put under. i'd rather say, did i know that was prosecutors could ropes. i mean there roaming around europe grabbing people, he switched prosecutors wheeled enormous power. 65 percent of the cases, the criminal cases in switzerland. so this tyrant prosecutor that had already insure it as a p

p. morgan, and sore ex. owner some data, asking him why he's partner national futures authority in the us. you can get to now the n f i n k r letter a report on currencies, bible and threatened to take criminal action enemies. those who wished you actual harm were in switzerland and the you were abruptly arrested in portugal. taken to solitary prison, denied your medication, given ill fitting and had access to an attorney and an interpreter for a period one, but from the swiss government. what was that like? did you know what you'd be? and i was on, i retired on the gear i'll they took me to the show. it was dirty. it was there was no heating. i was on the law body of water. it was scary because they don't exist in switzerland, nor europe. the people on my dear, all of these judiciary place, were looking at me as are given miranda rights. there was no interpreter in the beginning. there was to be my wife was needing to see me or bring me show the 48 hours on released in handcuffs and the judge and be deadly apologize. the swiss one to extra me to switzerland as against personal, warmer an

p. morgan chase barclays bank of scotland. u b. s. freight is guilty deutscher, bank 2 and a half $1000000000.00. you weren't satisfied the fact that all these banks were corrupt in me to reach her up to larry because to me on that one i wasn't satisfied the fine levels of fire. they paid their dues, oh well, isn't it funny that base get fine, but based on committee? don't commit crimes. banks don't get put in prison. banks don't, you know, they could find, but the people that actually committed the crimes, the ones who made the decisions they go, scott free. those are the people high positions and these banks i, i think that's horrific that corporations in the united states have the rights of individuals. but they don't have the responsibilities and they don't have to answer to the same laws. it's not the way a democracy should operate. john perkins, thank you. and the 3rd and latest addition of confessions of an economic plan is that now if you're thinking of taking out and i am f alone, that's it for the final show this season.

p. morgan, i'm sure it's angel bank. later i emailed this owner some data asking him why his partner was the head of the essay. now the in the face, the national futures authority in the usa. and he was on the head of their currency advisory committee. now the n f i n s k are empowered by the c s t c to monitor and report on currencies. the owner came straight back to me and accuse me of liable. and threatened to take criminal action . it turned out that you are real enemies. those who wished you actual harm were in switzerland 2 years ago at the age of 70. you were abruptly arrested in portugal, taken to solitary confinement in a maximum security prison, denied year medication, given ill fitting and filthy clothes, and denied access to an attorney and an interpreter for a period. one portuguese prison guard told you this treatment was not coming from them, but from the swiss government. what was that like? did you know what you'd be up against from this with? no, john, i had no idea. i was on. i retired on the gear isla

p. morgan. i'm sure x angel bank. later i emailed the owner some data asking him why he's partner was the head of the say, now the interface racial futures authority in the usa. and he was on the head of their currency advisory committee. now the n f i n s k are empowered by the c s t c to monitor and report on currencies. the owner came straight back to me and accuse me of liable and threatened to take criminal action. it turned out that you are real enemies, those who wished you actual harm were in switzerland 2 years ago. at the age of 70, you were abruptly arrested in portugal, take into solitary confinement. in a maximum security prison denied your medication, given ill fitting and filthy clothes, and denied access to an attorney and an interpreter for a period. one, portuguese prison guard told you this treatment was not coming from them, but from the swiss government. what was that like? did you know what you'd be up against from this with? no, john, i had no idea. i was on. i retired on the gear island with my

p. morgan chase, pnc financial, bank of america, and others looking to take over the struggling bank. they're hoping the interest will make this a more streamlined process than what happened with silicon valley bank earlier this year. the bank's stock plunged yesterday, sinking to $3.51 a share. that's down 95% from earlier this year. it's market cap is now just over a billion dollars. >>> speaking of svb, friday, the federal reserve released a much anticipated report that detailed the mismanagement as the reason for the collapse. but the fed also placed blame on itself. they said the bank failed because of bad management because of silicon valley leadership, but also government regulations and supervision. it said supervisors were unwilling to crack down on bank management, and the fdic also released its report into the failure of signature bank. they say it was due to bad management as well. they say the bank's managers didn't fully understand cryptocurrency, that made up 20% of its deposits. the fdic did admit it didn't provide adequate reviews due to staffing shortages. >>> well,

p. morgan chase like city group like wells fargo and was a 3rd largest bank in the world. well, it does of the economic system. so over the decades we've seen this banking institution flux a little bit where some banks would kind of maybe drop out, others would come in. but today, interestingly enough, the power structure in the trial out of commission especially, has shifted from what we would view as commercial banks to central banks. and there's not very many central banks in the world, one for every country, but one central bank, like our federal reserve does not serve other countries, just serves us or our government. but every central bank in the world right now, for instance, is working on creating a central bank digital currency. now that'll change, but the economy has had for sure. and you have at the top of that pyramid, if you will, the bank for international settlements and basel switzerland. they are the ones that are, well, that's the central bank, the central banks around the world. they pretty much set the policy and the tone for all the other central banks

regulators are hoping to find a buyer for 1st republic that looking at people like bank of america, g, p, morgan chase and also p and c, which is based in pittsburgh. the idea would be that they would just buy everything, lock, stock, and barrel. and that would help sure. up at any concerns there, where about the banking sector in the united states, but not all parts of the business are profitable. and so what might happen is that these start to auction or various parts, trying to get as much money as they can, and the bits that don't make money will then be taken over by government regulators . what that will do is sure up support for the banking industry and make sure there isn't contagion that people don't get worried. but there will be questions about why there is a thought bank in trouble in such a short period of time. and whether or not banking regulations in the united states have to be looked at again. ok, thank you for that. alan fish are there for us live in washington. diesel. people in us becca stone have been voting on sweeping constitutional amendments. that could extend the presi

p. morgan chase bank. why the attorney general of the us virgin islands says the major bank should be held accountable for the monetary actions of jeffrey epstein as get started. ah well, it seems the drama and whether the power continues to spread. even after jeffrey, i've seen death for years ago. unfortunately, that doesn't necessarily mean justice or accountability for anyone who is involved does as well. never in modern day have you found a story which involves some of the most powerful people in the world, sex illegal activities and a whole laundry list of international crimes. get very little convictions in the legal system actually happening. despite revelation, after revelation, there is still a huge cloud of mystery regarding the inner workings of the epstein sex trafficking organization and the specific individuals and.

the equity market softer, down by a half a percent on the s&p 500. morganon, down premarket about 4.5%. better than expected. fixed trading, that's fine -- fic trading, that's fine. what do you make of the loan losses? lisa: it was twice as much as people expected, not a huge number relative to their balance sheet but highlights that some of these banks are willing to get more aggressive with loans and have to write more off. how much does this go to underwriting activity? how much does this have to do with trying to capitalize on the fact that people are still spending even though perhaps a greater proportion may not be able to pay it back? jonathan: another note of caution around the investment bank constraint, ib constraint. tom: that is french for layoffs coming. it is the easiest place to have bodies moving out the door and decisions could be made over a cup of coffee. other cost-cutting has to occur with the big banks. i worry about the future of retail banking. like with covid, do they speed up the digitization? jonathan: and move away from branches?

p. results for the first quarter. j.p. morganfargo released earnings that beat expectations on friday. they are have been growing fears of the health of the financial sector since the recent banking turmoil in the united states and europe. we will find out how other major lenders spared later this week. really i spoke with isaac poole, and he told me that although the latest results have been good, earnings may have peaked. they are aood earnings may have peaked. they are good results _ earnings may have peaked. they are good results for _ earnings may have peaked. tie: are good results for what are amongst the biggest banks in the us. we see that there has been some flight to safety from depositors looking to put their cash with things they know will be able to pay that back. and that has really helped those big banks boost their interest earnings and you saw that in the earnings numbers. i think looking out over the rest of this year, it is quite likely that these big banks, and we will see some more this week, are experiencing

morgan underperformed the s&p by about 8% since svb, and i think that's the dynamic here. i think you have a case where banks are going to be judged as -- even if the numbers are strong, there's so much more to come for banks that they're going to have trouble. >> yulia, i'm curious your take. >> everything with banks right now is going to be a function of the haves and have notes your large mega cap banks are thes have and regionals are the have notes that's important to keep in mind as we get more and more information on the regional banks who are holding much more of this problematic office, another commercial real estate that i think we all know is probably mispriced and has more credit risk. so i think next week it starts to be really important in term of understanding what they have. the large banks have done a good job of boosting their rain any day funds, but i think it's going to be much more severe on the regional bank side. >> i will just note that pnc managed to close up after being down all day, jeff. >> why did you point to jeff did you do something wrong >>

p? dani: clients asking, hey morgan stanley, why are you so negative when equities are doing fine? the nasdaq continues to trade at year-to-date highs. it is the banking story that might shake things up and make us question should we be buying these individual shares and at the overall index? it has been the tale of two banks. bank of america topped fixed income trading. goldman failed to capitalize. here are the two ceos this morning. >> the flows and investments and the destruction of the past quarter, deposits perform well. >> it is impossible to predict the stress and we will not always execute perfectly but our risk management culture and robust capital positions have allowed us to navigate a complex environment while continuing to support clients. dani: these bring us to the question of the day. is stockpicking back? can you buy just the index? joining us is sonali bencic and kriti gupta. sonali, we will get to the individual banks in a moment but kriti, cliches exist for a reason. is this a stock pickers market? kriti: everyone has been saying that for two years. look at the

morgan. look at the stock prices. since svb went under, s&p 500 is up.isa, to your point, i think that captures not just the crisis in q1, but beyond that, the profit challenge people expect and further down the road from here. lisa: the delineation between big banks minting money and smaller banks unchallenged on several sites, do you see that divide get bigger? do we get answers to that today? all clear for some of the regional banks? jonathan: i am going to rip black crock -- black rock across the screen. first quarter net inflows 110 -- stop up a little bit. lisa, you go through the numbers. stock price up 5.2%. tom: [laughter] do they have an inflation forecast here? jonathan: do you think the ceo might offer that? lisa: when i am looking at is interesting. you saw fixed income net inflows at 9 billion. even at fixed income, you saw that increase. earnings, $7.93 versus the estimate. pretty positive. my question is, the mix of active versus passive that has been a good question for that passive. long-term inflows, this is the interesting thing. our

the dow industrials down 142, nasdaq down 136, s&p 500 lower by 30. morgan stanleys r's chief u.s.quity strategist is here this morning. the interview coming up at 8:00 a.m. eastern. at 8:30, michael milken will join me. we'll get data on jobs this morning, the initial jobless claims numbers out at 8:30 a.m. eastern, 240,000 is the estimate. check european markets with a negative tone overall. the ft 100 is down 16, cac quarante down 30. 30, dax lower by116. in asia, markets finished mixed. the best before performer was hg and japan, a fraction higher. treasury secretary janet yellen is set to speak on the u.s.'s economic relationship with china today at 10 10:15 a.m. eastern. a major revelation in the hunter biden investigation, another whistleblower emerging on the bidenfully. a former irs staffer says he has the proof the biden administration interfered with the criminal probe into hunter biden around his overseas business dealings. the details coming up. joining the conversation all morning long, strategic wealth ceo, mark tepper, bob nardelli and kaley mcgee white right now. "

p. finances, detectives and forensic offices conducting a full scale search of the family home in glasgow. while morgan, with the ultimate power couple in scottish politics morale, the chief executive of the s and p for more than 20 years until he was forced to resign last month. sturgeon, the leader of the party from 2014 until her surprised resignation. in february, the pressure on them increased by the police probe into the s m. p. 's financial affairs, some $748000.00 of donation to raise for campaigning purposes. with seemingly diverted for day to day expenses. and there are questions about a $134000.00 loan it mr. marell made to the party to help with apparent cash flow problems. just a week into the top job, mr. use of keen to some $748000.00 of donation to raise for campaigning purposes. with seemingly diverted for day to day expenses. and there are questions about a $134000.00 loan it mr. marell made to the party to help with apparent cash flow problems. just a week into the top job mister use of keen to emphasize his drive to improve party accountability. to get the any see a tag re, to a cou

morgan and john in "overtime. >>> a major rally across the board as meta lifts the mood wasn't the only one. s&pnce january. the action is just getting started. i'm morgan brennan with john ford our team of reporters is standing by to give you results from amazon,

morning dip until the close of that day so, you've been flat on the s&p, even though netflix was down yesterday, it's up today morgan stanley is up today jpmorgan is up today you have all of these offsets working so far in the market's favor. semis down 5% this week and the s&p 500 shrugging it off can it last is the big question, or are we using up a lot of energy to churn water? >> are you sensing any degra degradation that they were better than feared >> no, broadly speaking. when you have a week when earnings are better than feared, people bid up the stocks in advance and you get conditioned to everyone's going to have a beat it's still messy we're still looking at year-on-year declines. still looks like third and fourth quarter numbers probably have to come down. also, i can't find a human being who has fourth quarter numbers and i can't find a human believe the market forecast of rate cuts to come. if they believe it it's because they think the economy is a disaster they don't believe it and think that's a reason to buy stocks. >> what does it come down to does it come down to earnings? does it come down to th

p and 20% of the dow reporting. that includes big banks, bank of america and goldman sachs and morgan stanley we get tesla, netflix, and united airlines and csx and p&g just to name a few >>> we get ready for that action and your next guest is finding optimism within the markets with technical signals of a bull market taking shape. tom lee is here with more. great to have you on >> great to see you, frank. >> tom, as you know, we ask brightest minds to share the word they believe to describe the trading day ahead. tom, what is your wex word of the day? >> the word of the day is better. >> why explain that just better? give us an explanation of how it shapes the day >> i think earnings season is underway i think the message we see from companies is results are better than feared and the economy is better than feared that is a contrast to last year when everything was worse. the better than feared is the reason stocks are levitating we have bad news priced in. >> i know you are a known bull for the market i have to ask where is this coming from? the s&p up 1%. nasdaq down 1% what is the bullis are seeing >> a couple

jp morgan taking it off, unchanged at the moment. jon, these broader markets are rolling. s&pon the 10-year. more markets coverage ahead. this is bloomberg. ♪ romaine: software economic data equals a stronger equity market here on this thursday afternoon. romaine bostick alongside katie greifeld kicking you off to the close. katie: that ppi data is telling the same story that we got from cpr yesterday. much bigger action in the bond market. romaine: this gets to the divergence that we continue to see in markets. maybe that is telling the same story, just different sides of it. for equity investors, they seem to be thinking this might be exactly what they need for the fed to slow its role. katie: apparently that's good ,

morgan has more from cartoon on the very 1st minutes of their ceasefire, which was supposed to start that around 6 p. m. local time. that's around 16 at g m t. we were able to hear heavy artillery fire around the vicinity of the general command of the army as well as around the vicinity of their presidential palace. and the central parts of the capital had a tool. we also had from several residents in various residential neighborhoods around the capital in the city of on demand in northern parts of the capital that they were able to hear intense, ah, heavy artillery being fired and this is in the 1st few hours of the fighting. well, north of the capital cartoon the mer away international airport has become one of the front lines in fierce fighting between sedans, army, and the rapid support forces. the army has now taken control of the facility al jazeera as a summer. i'm. it has this exclusive report, not, not a lot my bottom other we are duly. we are inside the middle. we international airport where there have been fierce confrontations between the sudanese army and their rapid support forces were

p 500. he told us that morgan stanley thanks the fed will likely raise rates about 25 basis points again inn season will impact the fishing industry specific fishery management council has approved the closure for all commercial and most recreational chinook salmon fishing from the oregon coast to the california mexico border. the decision comes after near record low numbers of fish returned to california's rivers last year. law makers fear the closure will affect all parts of the fishing economy. it's very important that we put a human face on this challenge so often when we hear about salmon we hear this narrative about fish versus people. we need to remind everyone that this is people when we talk about salmon, people who make their living on the water, and of course, i represent a lot of the fishing communities and tribes and tribal members who have depended on healthy salmon runs for a long, long time. representatives hoffman, mullins and pelosi all say they're going to try to declare a federal fishing disaster. governor newsom has requested a federal disaster declaration. alright we g

lows of the morning right now dow industrials down 175, the nasdaq down 135 s&p 500 lower by 31 1/2, joining me right now morgan stanley chief u.s. equity strategy chief investment officer mike wilson great to see you he welcome back. >> great to see you -- >> you are well-known for this negative stance you had on markets now forecasting a downturn predicting s&p 500 will drop more than 20% warning of earnings recession on the markets as well as on banking as well, because of the banking turmoil we've seen, tell me how you would assess earnings period so far, you are bearish about it take a look at earnings period i want your take explaining what is going on with market, how come markets are up if things are so bad you got nasdaq up 16% year-to-date. >> that is right, markets are only here to confuse us torture sometimes i feel in one of those periods now we are pretty definitive about still in a bear market we think rally since october identified in october rally from 3500 to 4150 got off train in december went shopping around back-and-forth. so, i think there is sort of, indexing we must be in bull market und

lows of the morning right now dow industrials down 175, the nasdaq down 135 s&p 500 lower by 31 1/2, joining me right now morgan

i'll just say, hey, morgan is in costume on the very 1st minutes of that cease fire, which was supposed to start at around 6 p. m. local time. that's around 16 at g m t . we were able to hear heavy artillery fire around the vicinity of the general command of the army as well as around the vicinity of the presidential palace and the central parts of the capital. harder to, we also had from several residents in various residential neighborhoods around the capital in the city of on demand in northern parts of the capital. that they were able to hear intense, a heavy artillery being fired. and this is in the 1st few hours of the fighting thousands of people in sudan fleeing the capital seeking safety in other parts of the country. the 300 people have been killed now and thousands injured in 5 days of fighting. at least 78 people have died in a stampede during a charity handout in yemen, this capital hundreds of people in santa had gathered to receive financial assistance and food. shots were fired to disperse the crowd, which witnesses say in a nearby generator causing explosion? after months of lobbying, ukraine

morgan brennan and jon fortt sets you up for that right now. >> a mixed session for stocks as the s&pe action is just getting started. welcome to "closing bell: overtime." i'm morgan brennan with jon fortt. we've got a big show coming your way. we'll talk to the ceo of company tilray whose stock is down on the back of a revenue miss. >> plus, crowdstrike ceo george kurtz will join us following the government's summit today in washington. >> let's get to our market panel. joining us are adam from vital knowledge and eric from kantor fitzgerald

manus: while the notes we had in a conversation with jp morgan, the tech rally, tech is up only percent. s&pp 8%. people are worrying about the breath. client of h says the tech rally looks stretched. you want to be long quality, but does that time for you in terms of allocation into tech? are you deeply selective in tech? tim is arriving in india today, $6 billion worth of sales. how is selective in tech are you? anita: we are super selective and it is completely about profit. a very high bar. no more speculated that. it does not matter how strong the story is. there is plenty of tech out there that is profitable and growing. of course, ai has a big role to play and some of that profitability, whether google alphabet microsoft. who is going to win the race in ai? is it about cloud -- it is about cloud, data, electric vehicles. electric vehicle sales are doubling. there is a lot of tech involved in that. it is about connectivity. let's focus on the profitable companies as you rightly said 75% of the s&p from romans has been driven -- performance has been driven by tech. manus: you were liste

and the rapid support forces, paramilitary, hip morgan reports from cartoon from the very 1st minutes of this fire, which was supposed to start at around 6 p. m. local time, back around 16 at g. m. t, we were able to hear heavy artillery fire around the vicinity of the general command of the army, as well as around the vicinity of the presidential palace and the central parts of the capitol cartoon. we also heard from several residents in various residential neighborhoods around the capital in the city of on demand in northern parts of the capital. that they were able to hear intense, a heavy artillery being fired. and this is in the 1st few hours of the fighting. at least $78.00 people have died in the stampede during a charity handout in the emmons capital onwards of people in santa had gathered to receive financial assistance and food authorities filed shots to disperse the crowd, which witnesses say it a nearby generator, causing an explosion of 2 months of lobbying, ukraine has received its 1st us made patriot missiles systems. graham's defense minister says the delivery will make it skies more secure, with the ability to defend itsel

morgan, looking for morgan stanley tomorrow. equity futures on the s&p lift in the equity market. the smallest of rallies in the treasury, yields down a sickle basis point, a 10 year, 3.5870. tom: we are watching the equity market and nudging toward 4200. and you heard what dan greenhaus said. it is an important day if we get a break on this stuff. jonathan: i think what dan greenhaus was getting back to the conversation we were having earlier saying he does not see a recession on the horizon and making the argument that maybe the fed needs to do more to slow down growth. that was the conversation of a month ago. lisa: he said potentially rates have to go to 600 or 700 basis points to achieve what 5% would have achieved in the minds of many before. this is what we were talking about before march 8. why is the market not coming to that same conclusion because people are seeing lower rates and inflation. jonathan: i was going to the march 8 number, march 8 is basically the day before svb lou up, wednesday -- blew up. day after chairman powell opened the do

lauren: morgan stanley says blackstone could be included in the s&p.s your stock would be more widely held. stuart: great company, isn't it? >> great company, pays a great dividend, it has great management, and the stock has had a big selloff. i think blackstone has a lot of room to run here. i think they will end up in the s&p 500, but there's a lot more for them. stuart: comment. do you want to co-anchor show? >> sure. that's what i'm trying to elbow in for. stuart: you couldn't take the pay cut. all right, thanks, lauren. and thanks, mike. before you go -- lauren: me. stuart: yeah, you. hold on a second. if i fall over doing this -- lauren: my birthday was on friday. i'll stall for you. oh, there. you promised me flowers. stuart: i did promise, they didn't arrive. happy birthday, lauren -- lauren: that's so sweet of you. stuart: it is the, isn't it? i didn't buy them -- the. [laughter] lauren: thank you. thank you. stuart: you're most welcome. happy birthday. lauren: so sweet. he's a man of his word. [laughter] stuart: you sound shocked. all right.