also wednesday, bed, bath, and beyond reports the question is simple, will ryan cohen of gamestock fame join the board and will the bye-bye baby business be sold to private equity i think all, the stock goes up financially. what else, find out the secret of blackrock's success, wednesday, ceo sets the rules and the agenda for most of the country on these issue and see we got delta wednesday on all in favor of buying travel stocks because it's great reopening but the airlines are a tough sell given how much money they can lose in a fed-mandated recession, done on the airlines into a fed recession, but going higher off these prices off the fed's rate hierks by it so it should take off, the ipos, in this nansing, but bank of america is a regular bank, it's going to do one giant earnings rate for 2023, eve as they may have to cut numbers for the next quarter because rates are yet to rise fast enough to off set the rise of corporate activity also thursday, hear from goldman-sachs, never hear goldman stocks get cheap ever, i think you're getting a fairly good chance to catch a bounce here if

some of what we've seen in the stock price move is because of the involvement in ryan cohen. bath and beyond responded quickly, adding three board directors after cohen's involvement in a very short period of time one thing that cohen wants is bed bath and beyond to look at spinning out bye bye baby. he thinks it's much more valuable than some of the analysts on the street do. i'm wondering if bed bath and beyond doesn't have to give us more details about that silo of a business and what it might be worth tomorrow when we hear more in depth earnings. but this one has been kind of a messy one. the turn around hasn't taken hold >> is there a fundamental story for you, a compelling one, enough for you to invest in it >> so no and no. courtney did a really good thorough report on that. i wouldn't touch this with our investor money this is a meme stock i'll make a comparison on that in a second. i think they're looking for three cents a share. that's a 90% drop from the same quarter last year. they're battling online retailers and trying to do their own digital strategy they're fa

fine one calls this a ryan cohen move on steroids and he lit a fire under gamestop as elon musk lightingire under twitter? do the fundamentals matter could this turn into a token where it has this meme culture around it, retail investment interest that keeps at these levels and doesn't need anything else >> yeah. ryan cohen move was that he thought gamestop was a good business that they could reinvent and the memers took over and now gamestop is divorced from its fundamentals that's what i understand there i think twitter is a good business it's not undergoing massive disruption like gamestop was undergoing it's a fixture in media and politics and all these other places it just needs to find ways to make more revenue and attract more users it is by far the smallest social network by orders of magnitude in some cases. i think for -- to say they're going to meme stock it, you still got to look at what twitter is and what its business is and how it's going to grow its user base and the solution to growing the user base is actually content moderation. it is not letting it be a free for all b

your friend ryan cohen. >> yeah, he's my buddy you know that. he's going to go for ice cream cones gorilla. >> two companies that missed the quarters ryan is in there getting it done. they own harmon. >> harmon is kind of cosmetic -- >> yes okay how about that delta >> just to put it on bed bath comps down 12. gross margins miss badly jim, they have a metric gross margins excludeing supply chain costs. >> no. it was horrible. i like mark. he remade the stores they're good but you need the merchandise, which always helps when you're a retailer i remember the great mickey drexler saying you have to have the inventory. you can't have way too much. they have way too little what is happening now is i think that they have to really start coming to grips with the fact that some of the parts are worth significantly because they've got a couple of good admissions. >> yeah. coming to grips with something doesn't mean you'll do anything about it i'm not sure what your implication is. >> someone will come to grips for them. >> you think so? >> yes, i do. >>

reason that poison pills exist is to prevent activist investors, whether a single investor like a ryan cohen or elon musk, of a hedge fund investor like carl ichan or bill ac ackman they try to prevent the investors from sneaking up on companies and acquiring a controlling interest without paying a control premium the twitter board is trying to do its job, saying, look, as recently as a year ago, our stock was in the 60s or 70s. thanks for your 50-something dollar offer, but it is not fair value. they're motivated by the right thing, i think you know, but, again, they have their work cut out for them. they're absolutely under a bright shining light and under the media's glare as we're all watching what they do, as they try to navigate not just any activist investor, not just the richest person in the world, but the most successful entrepreneur of all time. and a sitting ceo of two massive companies. i mean, this is not just any other hedge fund activist. this is elon musk. you know, it is a hairy, hairy situation to find yourself in. >> yeah, indeed. well said, spencer thanks for being with

. >> right ryan cohen buys more shares.ited fundamentally, the stock sells off on earnings. frank holland, thank you >> take a look at shareoffs netflix,taking a leg lower in the last few minutes on a report from the information saying the streaming giant is asking employees to be more mindful about spending and hiring. the comments were reportedly made at an employee town hall. netflix has been grappling with a slowdown in subscription growth let's bring in julia boorstin for more perspective what are you hearing in light of the stock's terrible perforpance in the first quarter, down more than 30% >> the stock's terrible performance and also the fact the company has guided to the addition of about 2.5 million subscribers in the first quarter. that's down from 4 million subscribers in the year ago quarter. that 2.5 million does not even take into account the loss of the subscribers they're going to have in russia suns they stopped operating the service there. two things here. netflix giving me a no comment, but this is in k

there's no guarantee a deal will be done, and this is being done at the request of ryan cohen, remember, he is the chairman of gamestop, and he now owns about 10% of bed, bath, & beyond shares are higher by about 8% after being halted briefly when these headlines came out sara >> it is a very useful store, i'll say that about buy buy baby thank you, courtney. watching bed, bath, & beyond cryptocurrencies and crypto related stocks are big underperformers today. kate rooney here with what's driving the weakness in crypto in particular. >> bitcoin and other cryptocurrencies really struggling to keep any upward momentum in recent weeks bitcoin is down more than 4% in the last day or so it's tightly correlated to tech stocks part of the broader sell-off and the move away from risk and investor sentiment overall really souring other major cryptocurrencies down as well today, although some look to be outperforming bitcoin at this point. look at some of the mining stocks as well these are the firms that are running those high powered computers to create new bitcoins so you have marathon digital

people who are thinking that the share would take off people who love game stop love it even more ryan cohend bcg did nothing. they think the gamestop skipped them ryan is out. he's saying -- basically he's attacking bcg. in ryan said i want ice cream accept to bcg, it would be overwhelming. >> yeah. we're seeing halo on amc, bed bath do you think the split thing has legs >> very much so. >> b of a has note if you look at the s&p names above $500 a share, it's about 15% of the index. >> yeah. i speak to offline when i speak to a ceo i say please do history. look at history. during the great 80s when the pepsis and cokes went up they split the stock they were conscious of the individual investor. you're thumbing your nose at individual investor if you're shopify. you're thumbing your nose at costco i have not pushed costco enough because they're a good company they need to take notice i said you stro get the individual investor in they have the big meeting. they bring everybody down to walt disney world. guys are shorting it and saying it stinks. do you think this is under the political heat

. >> you think if they get rid of them the value will come out there's a little bit of ryan cohen, he's the guy who bought the stock -- >> i'm aware of ryan >> we're going to add him, put him in, and wow, okay. he's in the tent better than he's in the tent than outside the tent. >> the tweet about facebook giving him the willies, imagine if he turns his followers against their biggest and much larger rival. >> just kind of a civil war of where they're sanctioned, you think musk could put sanctions against zuckerman? some sanctions how about sanctions. they're doing nothing. the reserves of russia have dropped like by nothing. i don't want to talk about anything other than musk because the war is totally side show right now, even though the pictures -- >> you're kidding about that >> obviously i'm kidding because there's a u.n. meeting today and how long can you ask the chinese to do nothing. chinese should be in there with humanitarian aid i don't mean to conflate the two. i would say when i read what elon musk wants to do, so far, no dice. >> so far no dice about what >> this is not --

not good if you're bed bath and beyond trying to fight off your activist investor, ryan cohen of gamestopns to go up and get rid of these headaches of these supply chain woes. stuart: okay. well, they've got supply chain woes, $150 million not sold. susan: again, is that a problem, is that, again, blaming the dog eating your homework? because other retailers have done well in this type of inflationary environment. stuart: fair point. the stock's taking it on the chin. delta, obviously, did very well. susan: blowout. travel demand they said was past 2019, pre-pandemic levels. i saw march rev i lieu exuding -- revenue if exceeding 2017. they had smaller losses, making money this spring, and the reason not because capacity's back up to 188 -- 1 100%, but you know why in up inflation and the fact that they could hike their airfares. stuart: i can assist to high airfares, bigtime. susan: are you flying commercial or private? stuart: commercial as i almost always do. twitter, where are we with twitter? because elon musk is getting sued by some of the shareholders. why is he being sued? susan: t