do far worse than being an investor as capable as ron baron. >> there you go. thank you for taking the time and all the questions. obviously, a lot of noise. good to hear from you directly >> thanks for the invitation again, my apologies about missing your note yesterday. >> no, you came on, that's good. i know our viewers who have a lot of money at schwab and were worried about it, not to mention the stock. so thank you, walt >> thank you >> thank you both very much. >>> just want to mention a couple of news items they got $4 billion on inflows friday, he bought 50,000 shares this morning and elsewhere, a couple of things happened. first, on the banks. trading and shares at first republic have been halted multiple times today and placed on credit watch. shares are still up 40%. first republic around 43 from a low of 17 today. >>> two russian jets collided with a drone over the black sea today. that came from the pentagon 30 minutes ago. one of russia's jets hit the drone's propeller. before the crash, the jets dumped fuel on it and flew in front of it. the dow

susan: it was down 32% since wednesday's close but billionaire investor, tesla investor ron baron cityckup charles schwab shares, charles schwab is up, i didn't know he was still around. she he lost almost $2 billion or $3 billion worth in financial worth. stuart: i have to get this in. i did the first ever tv commercial for charles schwab 50 years ago in san francisco. i've got to get this in. meta, there's no tape of it, used to be two inch tape in those days, just got confirmation of more job cuts for meta-blooge and the stock is straight up. susan: we are talking 10,000 jobs and closing 5,000 job positions that will no longer exist, they don't need to refill those, on top of 11,000 job cuts they announced last november. a huge cut down in head count. i think they are following twitter. stuart: let's go straight uber and lift, they are got a huge boost from a court ruling in california. susan: they won that vote to reclassify or classify their drivers as contractors. stuart: they don't have to be employees. >> the court said we are upholding the fact that these are contractors and n

start today at empower.com >>> if you missed it at the top of the hour, ron baron telling us that hiss is a company that he's been invested in since 1992, and as of december 31st, baron owned 7.8 million shares of schwab now, he says he can't disclose his current holdings and the amount purchased yesterday, but says this was a modest increase yesterday. not a major purchase, but a modest increase, at a time when that stock was down at one point during the trading session by about 23%. it's still down 22% for the week, but this morning trading up by about 12.5%. >> in the meantime, let's get down to the new york stock exchange jim cramer joins us now. what's your take on cpi. also want your take on whether you think whatever we've seen now from the treasury department and the fed, whether that's going to hold for some of these smaller and regional banks >> well, on the cpi, we know,cps something out of whack for instance, the worst part of this is rent rose .8%. we've now been hearing that went peaked and aren't has -- rent is coming down. once again they say apparel is up i wish i cou