10 years getting ready for more and more inflation until it collapses their whole faith in it and vester support more money into stocks in the last 5 months than the previous 12 years combined and raw numbers $569000000000.00 is flowed into global equity funds since november compared with 4 injured $52000000000.00 going back to the beginning of the 20092020 bull market again obviously there's somebody i haven't cited selling it to these investors but a lot of people are flush with a lot of cash but it's also that psychology that michael berry talks about of the why mark you know if you can control this inflation if you can do something if it gets too hot you know brant bernanke it argued they could just stop it in a few minutes by raising interest rates but whether or not they could do a paul volcker sort of situation as happened in 1980 when he ratcheted up interest rates to near 20 percent will say no they can't and stocks are clearly in a bubble and as a result of all this money printing transfer payments and ease of access through apps like robin hood and others you've got folks who

are cooling off slightly after stocks all record highs last week and vester showed caution on monday while they await the latest earnings reports from blue chip companies like netflix snap johnson and johnson and procter and gamble along with several major airlines as reports noted this will give insight into businesses expectations for the pace of economic revival it will also tell money managers whether stocks high valuations are justified after both the dow and the s. and p. closing records just last week so joining me now to go further and on this topic is just javier moran's the c.e.o. of open this l.l.c. 1 now octavio last week's earnings were dominated by big banks now we're waiting for companies that are seen as a more reliable indicator of where the economy actually is how big of a role do you see those reports playing in the market. well of course committee extremely important i mean you're quite right the banks came out last week they did quite nicely i think overall better than we really expected particularly investment banking trading side where they did phenomenally wel

he's the chairman and chief i vester it's great to have you book.he miller opportunity trust is up 17% year to date. out outperforming the s&p. you know are up multiple times since the bottom last year, which you called on this show about week before it happened. i just read you sold out of your gamestop is that true before the big run up in january. you had the same narrative before the retail crowd. they were a little too late for you. >> we have gamestop in our deep value product and i think our cost on it was around four or something. >> it doesn't sound like tit's a disaster do you have any opinion on those so called name stocks. sdplp they are not of interest because they are in the grip of the reddit crowd they're not -- it's not able to analyze them in the same way you would other things because the price is dominating on the middles. >> one interesting characteristic of this market is what's happening to the short sellers. it's a great piece of some of the major players in this space. their assets are dwindling it's been a difficult environ

. >> we know that it's one of the biggest we have seen in a long time can you compare tin vester hype or enthusiasm, the buzz around this particularly offering say against robinhood or some of the other big unicorns we have seen. just how big of a deal is it with some of the other big names we know in fintech >> the big thing they have in common is the excitement from the retail investor. you can see a lot of parallels those are the same cohort. they are excited about names like robinhoods. they are betting big on payments and sort of the next phase of the economy and they are taking big bets they'll have to believe this crypto economy is going somewhere. there's a lot of people taking very bullish, long term stances. in that sense, you could sort of group the companies together and robinhood likely will see some of the same enthusiasm >> all right kate, stick with us. we got a lot more to talk about here let's bring back in bobby cho. also emily parker. now is the time the pair some of those bets out there i know it's too early for people who aren't in it yet for peas who have been t

blow out and last quarter was a blow out the thing that's interesting to me and don't forget the i vesterave capital markets this was big part of it last quarter. if there's more of a pull back in spac activity, if that's correlated with or also causing a pull back in other capital market activity, doesn't seem that way so far based on comments from the ceo yesterday. they weren't saying this boom will continue forever. they weren't warning us off another good quarter to come whether the spac part grows down sdplp maybe that's the way the tie it together what's been this collapse and what's been going on with the spac there's kind of not froth coming out but maybe people taking a breath here. >> this is the key difference to me between traditional ipos and spacs. they have to look backwards at a record of financial performance. spacs can make the huge claims about the future the whole model is really curious. you have someone who burst onto the scene, told investors i'm going to choose a great company so put your faith and your money into my blank check company and what is he do in the ga

identified as mukai, a bryant was taken to a hospital where she was pronounced dead and independent vester gatien into the officer's use of deadly force is now underway. sentencing is set for june for the former minneapolis police officer convicted of murdering george floyd tonight, derrick show vin is in solitary confinement at a maximum security prison as he waits for that hearing. a new booking photo of shoven was released this morning. he's being held in oak park heights, which is minnesota's. only level five maximum security prison. he's isolated for his own protection. this is what his cell looks like. there's a bench and a mattress to sleep on a toilet, a sink a shower, he'll spend 23 hours a day in his cell. he'll get out for one hour to exercise by himself, showing his face in a maximum of 40 years in prison and coming up a 10 30 policing in these tense times. we hear from the san jose police officer on why he thinks the show vin verdict is a step forward and how he thinks his job will change. as a result, president biden announced today that 200 million covid-19 vaccine doses hav

a big vester, now cities preparing to reopen fully including new york city july the first.ington, d.c.? >> stuart, thank you once again for having me on, and giving the restaurants a voice in new york. seem to be the only station that's doing it. i was in d.c. on tuesday, and it's to describe it the best way is it made new york look like beach on a saturday night. that's how deserted it is. there's 15, 20 minutes to even see a taxi, 25 minutes for a Über because there's no one in the city. barbed wire they have soldier police on every other corner allowed 25% of inside. thank god the weather has broke a little bit and now we're getting if a little sunshine. so we may be tiebl put some people inside. stuart: compare that to new york city supposed to fully reopen on july the first. do you think we will be fully reopened july the first? >> well, that's -- remains to be seen because as you know our two fearless leaders do not get along and one says it is green, other says it is yellow. so we have to wait to see what governor is going to come back with now it is well in good to