RUSH TRANSCRIPT:
KERNEN: “How can it be based on where interest rates are right now then it is how can stocks be then it is your earnings can you see how it isn’t the stuff in your face we are going to have David on he’ll say how can the stock market be here.”
SORKIN: “That’s the question there are a lot of smart people who have that view you may not have that view?”
KERNEN: “How is that the smart people they’ve been wrong 35% it doesn’t make them smart it makes them not savvy about the market.”
SORKIN: “Joe, Joe. You missed it 100% on the way down and you missed 100,000 deaths we can have this debate and try to question the questions I’m asking —“
KERNEN: “And when — I didn’t say the market has been said —“
SORKIN: “Hold on hold on. I’m not going do this with you Joe. Every morning, you try to question the questions I’m asking these are questions investors are asking every single morning. I’m trying to get through some of this clutter. I may be right or wrong. That makes the market. It doesn’t make people good or bad or right to act the way you are. I’m sorry.”
KERNEN: “You yelled at the poor guy with masks.”
SORKIN: “I’m not, Joe.”
KERNEN: “You just yelled again.”
SORKIN: “I’m not go ahead. No you are not, Joe. I’m sorry. Go ahead with the news”
KERNEN: “You panics about the market panics about COVID panicked about the ventilators panicked about ever going out again.”
SORKIN: “Joseph, you didn’t panic about anything 100,000 people died, Joe.”
KERNEN: “I understand.”
SORKIN: “All you did was try to help your friend the president. That’s what you did. Every single morning on this show you abused your position, Joe.”
KERNEN: “That’s totally unfair I’m trying to help investors keep their cool, keep their heads. As it turned out, that’s what they should have done.”
SORKIN: “Do the news.”
KERNEN: “If they had listened to you, we should be at about 8,000.”
SORKIN: “I not arguing about selling stocks I was arguing about people’s lives. Do the news I’m begging you.”
KERNEN: “It is a global pandemic, Andy where per capita deaths we are down near the low end. Nowhere near 100,000 most places are at 60 deaths of 100,000. We are at 29 it is terrible but it was never going to be that we weren’t going to come back and return to normal. Siding with siding siding with Ackman and everything else didn’t give credence with all of their anxiety and everything else. That’s not why we are here not trying to help Donald Trump.”
(h/t Mediaite)