I’m just curious. How is it that South Korea, with a population of 51 million people, is testing hundreds of thousands, but the US — the richest country on planet earth — with a population of 360 million can’t get its act together? Please explain to me how this is possible. Thx
Serious question for
@jack
. If you think the
@twitter
Board is/was so dysfunctional and kept the company from being great as you imply either through your own tweets or replies to others why didn’t you do anything about it when you ran the company for several years?
Have read many comments about my interview w CathieDWood. You can agree with or criticize her answers. That’s your right. But she deserves credit for coming on and answering every one of my questions. She also graciously gave us 45 minutes to have an important and timely convo.
Hearing from some big investors tonight that we could be on the cusp of a great scenario for stocks: A Biden presidency, A Republican Senate, No massive spending “to make the bond market go crazy,” No major tax hikes, A ton of liquidity, A vaccine and “no more of the chaos.”
Many of the loudest crypto hypesters got in early and made a killing, then evangelized to the world which sucked in the speculators who believed the hype and are now left badly hurt. And that just flat out sucks.
Twitter Fam: Some exciting news to share. Today,
@cnbc
announced my new show, Closing Bell Overtime, which will air from 4-5pm eastern. Launch is slated for early March. Look forward to spending what I hope is another entertaining and informative hour with you. More to come…
I still don’t understand how elected officials are allowed to own individual stocks. They set policy, have access to classified information and regulate business. How is that possible?
Still trying to figure out how it's legal for members of Congress to trade individual stocks given the information they have, the Committees they sit on, and the legislation they make. Surely, I can't be the only one.
It’s not a store of value or an inflation hedge, or digital gold, or replacing the dollar, or 99 of the other nonsensical things the most hardened hypesters said.
It’s a highly speculative “asset” class directly correlated to the highest of risk assets.
I’m downgrading Congress to a sell and withdrawing my price target and estimates.
1. Channel checks show an alarming level of complacency.
2. Management showing an inability to recognize rapid decline in fundamentals.
3. A general pettiness may prolong the uncertainty
Aside from the questions about the stock sales themselves, if the full Senate got a closed-door meeting on the virus all the way back on Jan. 24th why didn’t we immediately ramp up our preparedness? We did nothing.
We were all waiting for Buffett to buy preferred stock in the airlines or Boeing as he did in some banks in ‘08. He didn’t. Does it mean he thinks this crisis is far worse than the Great Recession and not easily reversible? My bet is absolutely yes.
Mark Fisher tells me oil indicated to open below $32 a barrel tomorrow - a stunning $9.50 below where it closed on Friday. Sounds like it’s full on bananas in the oil markets...
Have to watch high-yield and the banks.
I'm sorry, but how can anyone declare that, "we have contained this" when they have absolutely no idea how bad it will get here and the CDC itself says moments ago that the spread of the Coronavirus in the United States "might be bad."
Called
@Carl_C_Icahn
regarding
@BillAckman
’s tweet from earlier. Carl told me quote:
“Taking advice from Ackman concerning short selling is like taking advice from Napoleon or the German General Staff on how to invade Russia.”
Mr. Icahn wouldn’t comment further.
I honestly don’t know what we’d do without Drs Fauci and
@ScottGottliebMD
during this crisis. Their tell-it-like-it-is style is frightening but, in the end, somehow comforting. I know we’ll make it through this with their wisdom and comfort guiding us.
Gov. Ron DeSantis (R-FL) threatens Twitter after it activated “poison pill” plan to prevent Elon Musk’s acquisition:
“We’re gonna be looking at ways the state of Florida potentially can be holding these Twitter board of directors accountable for breaching their fiduciary duty.”
I’m going to start investing heavily in the Wapnerverse. An imaginary place where nothing actually happens but we wear expensive googles, pretend we’re changing the world, and tell everyone how great it’s going to be. With me?
Piper Sandler had an overweight rating on $TDOC and a $104 PT, before earnings.
This morning they reiterated OW but cut the PT to $41.
I mean, come on.
I’m not sending my kids to school until there’s no chance they’ll get sick. Am I different than you?
I’m not going to a game until I know I’m not going to get sick. Am I different then you?
I’m not going ANYWHERE until I know I’m not going to get sick. Am I different than you?
I have to give
@jlebenthal
a ton of credit. Not only is he not afraid to make a bold and perhaps out of consensus call, he's also always ready to defend it when pushed by me to do so. Who wins? Our viewers. Good stuff, Farmer Jim.
Canceling student loan debt is one of the single most effective executive actions available to boost our economy, and it will help millions of people in MA and across the country. I’m joining
@RepPressley
and
@MassAGO
Healey right now to urge the President to
#CancelStudentDebt
.
Fed seems to be getting exactly what it wants.
Inflation moderating.
Demand weakening.
Consumer Sentiment falling which will continue to hit demand.
Stocks down a lot, stabilizing for now.
Credit markets calm enough
The ridiculous suggestion that someone’s decision to exist or advertise on this platform has anything at all to do with their belief in free speech is precisely the reason why some are resistant to be here in the first place. Might score in the cheap seats but that’s about it.
TRUMP TODAY ON PANDEMIC: "I've felt it was a pandemic long before it was called a pandemic."
1/22 ON CNBC
JOE KERNEN: Are there worries about a Pandemic at this point?
TRUMP: "No. Not at all. And we're, we have it totally under control..."
Anything less than 75 will be deemed unacceptable by the markets. No way today wasn’t calculated. If you say you’re surprised by 75 on Wednesday you haven’t been paying attention.
I refuse to concede that Tiger did not win the 2020 Masters. NO WAY! Many people say there are ball magnets in the water at 12!! RIGGED! No observers (patrons) were allowed!! I DEMAND A RECOUNT of the pimento cheese sandwiches!
@jack
@Twitter
Plenty can be said if you’re willing to actually say it. I think it’s a very fair question. You were CEO, a founder and a large shareholder. Surely if you thought the Board was dysfunctional - or certain members led to its dysfunction - you could have made changes.
1/2 Just off phone with Bill Ackman regarding the sale of his $NFLX position.
He told me:
“I’m 100% ready to admit when I’m wrong and 100% ready to admit when I’m wrong, quickly”
It was clear he was as surprised by the results as everyone else.
More…
As far as I’m concerned Simone Biles leaves Tokyo a hero to all those who aspire to be great and those who struggle with their mental health. It pains me that she’s still having to defend her decision to pull out of some events. She doesn’t owe u jack so get over yourself. 🐐
I don’t remember what I asked Michael Jordan here but I’m so glad someone snapped this photo of us at the NBA All Star Game in 1992. It’s a cherished shot.
#TheLastDance
We are so lucky to have
@BillGates
and the
@gatesfoundation
as a resource in the fight against
#COVID__19
. He’s an incredible human being doing incredible things for this world. Thinking big is what he’s always done and he’s doing it again, in the greatest way possible.
I'm told from someone senior at a major firm that the selling is primarily being driven by $12b to $15b of levered ETF flows into the close, most of which was said to be Nasdaq.
Driven by the big move in rates.
Selling risk really hard. More on
@CNBCOvertime
I know it’s after 9 but I’m having a fine Manhattan right now after arriving home from a long day. I find myself filled with a lot of anxiety but also, a great deal of hope for our country and our friends and neighbors who are wondering what the next many weeks will bring.
Futures looking weak again. I repeat what I said earlier today. There’s a belief among at least some big investors (whether you agree with it or not) that the admin is not prepared to deal with this. I’m relating what I am hearing from people who run multi-billion dollar funds
Just when you think there’s no way the business-as-usual pettiness of Congressional politics would impede a deal that is so urgently needed, I present to you a reality check, ladies and gentlemen. How there was not a unifying deal before 6pm is truly beyond me
It IS amazing that we hit 100,000 new Covid cases today - a single day record- and we didn’t hear a word about it from the Administration or the now invisible “task force.” The greatest public health crisis of the last 100 years and complete silence.
Jon and Pete’s Dad was a truly remarkable man. I hope you’ll take a few minutes to read about his life and incredible career. RIP Dr. Najarian ❤️🙏
@jonnajarian
@petenajarian
Secretary Ross confirms on
@CNBC
that the Administration didn't get any concessions in return for delaying some of the September 1st tariffs. He said the move was explicitly about not taking any chances on the Christmas shopping season. It wasn't a "quid pro quo" said Ross.
Ridiculous that some middle/high schools in NJ are still not allowing spectators for OUTDOOR sports. Can’t see my son’s first-ever Lax game as a result of this nonsense.
One of the worst parts of Twitter is seeing the garbage from people you have no interest in seeing because people you follow retweet their garbage to show the garbage to others in hopes you’ll be outraged by the garbage you didn’t want to see if the first place.
#Cesspool
It’s the media’s fault he carried a sink in the building. It’s the media’s fault people were abruptly let go. It’s the media’s fault his first company-wide email to staff was yesterday. It’s the media’s fault fake verified accounts were created. It’s all the media’s fault.
Anyone who watched that interview and thinks I have a problem with the
#Reddit
cohort behind the $GME surge, you need to try a little harder. I don’t. Just don’t try to tell me any of it is based on anything other than a massive momentum ride. It will be painful when it ends
Had more people worn masks earlier rather than ridicule or shun them altogether — something that is still happening — maybe we wouldnt be facing the prospects of a canceled college football season. Can’t have your cake and eat it too.
At the end of another harrowing week, I just want to salute all those behind the scenes here
@CNBC
who are helping to pull off our coverage. From the day to day to making a Town Hall happen with little notice, it's been quite a feat and it's greatly appreciated by all.
Just off the phone with a large hedge fund mgr who says, in his opinion, the market is screaming that it doesn’t believe the Administration is anywhere near ready to deal with this, including doubts about the appointment of VP Pence as point man.
A big shout out to all of the journalists, photojournalists and crews for risking their own safety to capture this incredible day. Not easy work. Screamed at. Threatened. Gear smashed. And still going into the epicenter of the chaos to get the story. Proud tonight 🙏💪
This has to be a bottom-up bailout. First and foremost. Have to save the workers who will be unemployed and unable to feed their families or nothing else really matters.
Dear school that won’t let visiting parents come watch our kids play an outdoor middle school lacrosse game today on these last days of an already abbreviated season,
You suck.
On 2/25, on CNBC, Larry Kudlow, said the virus was contained “pretty close to airtight.” It was not then and is not tonight. The first US case was announced six-weeks ago. We’re scrambling because the administration downplayed it. There’s still time to get real. Will we?
The market doesn't think we're testing enough.
The market doesn't believe we're on top of it
The market is confused by the mixed-messages
The market doesn't know whether we'll stave off a deep recession
The market will see it, before it believes it
That's where we are.
Speaker Pelosi dismissed the idea of banning congressional lawmakers and their spouses from owning stock shares of individual companies.
“We’re a free-market economy,” Pelosi said. “They should be able to participate in that.” -
@CNBC
Only an imbecile could listen to what I said in my report and come away thinking I am somehow fine with people going back to work and risk dying - or spreading the virus - so that the stock market will go up. It's despicable to even suggest it.
THIS IS NOT A POLITICAL QUESTION, BUT A CRISIS ONE:
Should the $3.8b that was diverted from the military for the border wall, be diverted again to help with the bailout of workers and/or the manufacturing of ventilators?
Serious question. Looking for money here, folks.
Mr. Cooperman has taken Warren Buffett’s giving pledge, has donated millions more to several causes including his Cooperman College Scholars, which he and his wife fund to send dozens of less fortunate kids to college. Seems to me he’s “pitching in” more than most.
Leon, you were able to succeed because of the opportunities this country gave you. Now why don’t you pitch in a bit more so everyone else has a chance at the American dream, too?
Our elected officials better have this stimulus stuff figured out before Monday morning. There’s little to no tolerance for the usual petty, partisan BS.
#NoMoreLayoffs
#SaveOurWorkers
#GetItDone