that's all for this edition of "dateline." i'm andrea canning. thank you for watching. good morning and welcome to "street signs." i'm joumanna bercetche, and these are your headlines. bitcoin seesaws as the u.s. securities and exchange commissions x profile posts a false message saying it has approved a spot bitcoin etf. european eck request i the i markets are off to lackluster start while it's a mixed food basket for foodies in the uk and

sees discounts in the discount bin. the 2020s will go down as a decade of wasted opportunity. its deputy chief economist says global financial conditions will remain tight for the foreseeable future. >> the central banks will wait to see a persistent decline in inflation and take action accordingly. as i said, the restrictive financial conditions, will they be a test for the foreseeable future? and france appoints its youngest ever prime minister as the 34-year-old assumes office with the prospect of a wider cabinet shuffle ahead. well, good morning again, everybody. we had somewhat of a mixed close for wall street yesterday. a bit of an uninspiring sigs as

far as asian markets are concerned. as for now, you can see the stoxx 600 is dipping around a tenth of a percent weaker, this after yesterday's dull performance as well. that weakness has been coming through the last couple of sessions. but i should say not by an extreme amount. what we're seeing for the most part of this year and you have it right here, the stoxx 600 is basically flatlining. it's trading around the flat line up and down a little bit as we start off the course of this year. again, a lot is happening today p let's switch onto the european markets and look at how they're trading. the ftse is up about 0.2% higher. german dax is trading around the flat line. we're seeing a bit of a rebound around the auto names. yesterday we were talking about sales numbers that came through through bmw, volkswagen.

we're seeing positive momentum in the autos. chemicals, however, not having a good session today. the prime minister resigned and now we know who the new prime minister is going to be in the form of education minister gabriel atell. we're going to talk about that what that means for the trajectory of french politics and the french economy. ftse 100 down 0.2%. what we're seeing is a big divergence at the bottom of the ftse 100. in terms of leadership where we're seeing it this morning, one of the main stocks in rae doing quite well, up 0.8%. media up about 0.4% as well and the retail sector is up about a

quarter of a percent. on the flip side travel and leisure is down half a percent. this is some of the continuing fallout from boeing we had earlier on in the week, the airline coming under a lot of scrutiny, today down 0.6%. construction material down half a percent and utilities as well. in terms of individual stocks, here's where you're going to see a bit of divergence with what is happening with uk grocers. let me start with greg. they're most famous for their sausage rolls . it's given them a boost in terms of share price developments. on the flip side, sans breeze, on the surface the numbers did seem quite strong, but analysts were taken aback on the clothing

side of things as well as a heavy discounts. that's why sainsbury's is lower. keep an eye on that. ka . let me go back to asian markets. i draw your attention to nikkei, almost 700 points higher in the session. that's a psychological level to the upside. we're now sitting at almost a 34-year high for the nikkei. this momentum going into japanese stocks goes back as far as last year. it's a big focus for warren buffett and other markets. in china, however, both of these indices are down half a percent. and the aussie index, down 0.7%.

that's going to be key. remember, tomorrow we have that all important u.s. cpi print. speaking of the u.s., this is how the u.s. futures are shaping up. well, pretty flat, if i'm honest. similar to the price action that we had yesterday in asian markets and also with these european markets, too, with the exception of the dow. basically the s&p is seen opening up around the flat line. nasdaq up around 35 points as well. but let's talk about another big story overnight. bitcoin prices after the s.e.c. deleted a social media post saying the agency had approved spot bitcoin etfs. its account was compromised. the post came ahead of today's deadline as it's pending on one application with trading potentially beginning as soon as tomorrow in the event of an approval. arjun joins us from the crypto

conference in sans marx. let me start off with your take on the developments in the s.e.c. yesterday. obviously very embarrassing for the s.e.c., but is it likely to derail the passage of the bitcoin etf? what are people telling you? >> at the moment they're bullish. two guests said it would make no sense at this point for the s.e.c. to reject application. there's not reallyny grounds for them to do so. but we're talking about crypto. anything is possible at this point as well. so there is still a lot of excitement around this etf. there's still hope in the day or coming days we'll get an approval of that from the s.e.c., and the reason there is so much excitement is because the etf or potential etf proposal and green light is very much underpinned, the 150% rally

we saw with bitcoin in 2023, and we continue to see that at the start of this year. that's because many are hopeful this is going to bring a lot of buying into the market from large institutional investors, in particular those investors and those companies that are actually offering the etfs who will have to buy the underlying asset here. on top of that, they're expecting new waves of investors to come in. that's why there's so much excitement around this point in time. there is another topic on top of mind here. four people here at the conference, that is a technical event written inside bitcoin's code called the harshing. the next one is scheduled sometime in april 2024. this is when the rewards given to miners are slashed in half. this reduces the supply of bitcoin in the market and keeps a lid on inflation as well. in the past cycles we've seen an

increase, a big bull run to bitcoin all-time highs. the question is will history repeat its? we're in a brand-new cycle, one we've never been in before with high interest rates and high inflation. it will be interesting to see. so far the people i speak to are very optimistic that bitcoin will hit new all-time highs this year or early next year and so there's still a lot of excitement about these two particular topics. it's very much supporting the crypto markets at this point, joumanna. >> we're going to circle back toward the end of the show, but thank you for the overview of what's happening. disinformation will be the biggest risk this year while screen weather threats are the greatest concern. cooperation on global issues could be a challenge while

sylvia joins us now. you've been looking at this point. i have to say it ties in nicely to the conversation we had with arjun. the west has information and disinformation right at the top firefighte for the risks this year. >> absolutely. there are so many challenges at this stage for the global economy. they indeed highlighted ai and potential disinformation. in the year it will be dominated by several elections, but they also mention climate change, inflation, and over risks for the global economy. i'd like to share this quote with you because it sums it up very nicely. i had a chance to speak to the risk management leader for continental europe at march mclennan and one of the authors of this report and she describes this to me as a big bowl of spaghetti, where you move one straw and you don't know where

it's going to lead you and it could affect other pieces of the puzzle here and it highlights how global the economic picture is at this stage. let's take a listen to what else she had to say. >> it's not an early environment for businesses to navigate. one of the two risks is disinformation and misinformation. we see environmental risks. we see cyber threats, societal polarization, and the risk for interstate armed conflict has also bubbled up as one of those short-term risks. on other side it's about cyber threats as well. >> because we have so many elections this year, you mention cyber attacks. but there's also a lot of

conversation around ai. how much is this new technology actually posing a threat? >> it is going to potentially impact some of those elections that you're mentioning. ai can really build out models for influencing large populations of voters in a way we haven't seen before, so the impact on how that is going to play out is going to be quite important for us to watch carefully. >> i would also like to get your thoughts on supply chains. one of the topics we've been talking about here at cnbc is obvious will i some of the impact of what's going on in the red sea with companies such as maersk diverting some of the traffic. tell us about the supply chains and how much that could be a problem for the global economy? >> they're in a total crunch right now because to your point suez canal is being attacked by houthi rebels in the red sea. it's become a potential issue.

rerouting and using the panama canal, that's also not an option because el nino impacts the water level. they've had to reduce capacity in a way that's unseen, which means moving goods around the world, you're in this total crunch right now, and you're starting to lack alternatives. >> given that there's so much complexity right now, when you think about investors and governments out there, where do you think they should be focusing their their attentions because it's almost impossible to answer all these demands. >> you're right. looking at the risk landscape it's like looking like a big bowl of spaghetti. you move one straw and ev everything starts to move around and you don't know in which direction to go. you have to look at what how can we impact this?

what do we do together? can we look at data interaction in new ways? a way to redirect the new risks? >> it's shaping up some of the conversations ahead of the next economics session at davo. we had a chance to speak to the head of the big bank this week. with concern to the global economy, they're entering the red sea and they could bring further problems to inflation. let's have a look. >> you think about the risk matrix. we used to focus on financial risk because of the financial interest rate. focusing on tensions, you mentioned elections. of course, elections will come

with its troubles. you have the serious conflict in the middle east. escalation of these conflicts could have significant implications for energy crisis. it could have impact on inflation as well as economy growth. >> and how much of a concern is that then? could we see further increases in inflation then as a result of potential disputes in the energy market, the middle east tensions ta we're seeing at the moment? is this something you're concerned about? >> yeah, concerned about, of course, the escalation of tensions in the middle east and ramifications of that in energy markets given that it impacts global hopes for the economy. it could cause implications for inflation as well as activity,

and given that, you know, you have the effects all around. oil prices could go up. it could affect the policy direction of major central banks. >> so the world bank is sounding anything but positive, really, when it comes to the global economic picture. they're say gdp is going to slow down for a third consecutive year, and more broadly they've described the 2020s as a period of broken promises, joumanna. a lot of focus on what governments are going to do to address some of these challenges. >> that's a good question. i do find the spaghetti analogy that the lady brought up is quite interesting as well. we certainly are stirring at a bowl of spaghetti. if you want to get any of the conversations, you can go to "street signs" on cnbc.com. what's your handle, sylvia? tweet sylvia as well. also coming up on the show,

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welcome back to the show. houthi rebels have launched the biggest attack on the red sea. uk and u.s. war ships repelled the attack and if they don't, they will, quote, bear the consequences. saudi arabia, the world's largest exporter is looking to diversify its economy and reallocate. cnbc's dan murphy spoke to saudi arabia's minister of industry at mineral resources about what the sector needs to develop. >> one of the things we have learned as a result of the large

investors is they need sizeable locations, and that's why today in my opening speech i also announced this initiative of new licenses that are sizeable. we are moving from the small plots to a more sizeable one where large mining companies can see the potential. >> amid the green san sigs, so-called rare earth elements are becoming increasingly more important. china dominates global supply and has recently placed the exp exports in the stream. however, a small, small mine in wyoming owned by our next guest seems to provide an extra boost to the u.s. it's actually a cole mine. what i thought fascinating about

your story and hopefully you can tell our viewers a little more how thiscame to be, initially you purchased what you thought was going to be a coal mine but win the coal mine there is rare earth which could be important. how did you go about this discovery? >> you don't normally think of coal as a critical mineral. we bought the mine without the notion that it had rare earth in it. when i bought it, i didn't know the difference between rare earth and rare coins, but we discovered it would not be feasible to put in the thermal mine. so we began to explore alternative uses for coal. we ended up working with the federal government to try to assess whether there were critical minerals in the deposit, and, indeed, we did discover that after several years and now we're on a

trajectory to try to continue to do a lot more geological analysis, chemical analysis, and hopefully it will be a new development for the united states. >> so fascinating. can you perhaps textualize for us and talk about the importance of rare earth? when we talked about green transition, we were talking about the fact that nowadays with the green transition you're leaning on invariably a lot more of these rare earth materials and china tends to dominate the refining capacities of so many of these rare earth minerals. how important is a discovery like yours in the terms of america's strategic goals in the future? >> sure. it could be very important in the united states' strategic position. almost 94% of rare earth is de-reiched by china in one form

or another. they have the ability to manipulate or constrain the market as you pointed out in your earlier remarks. these are critical to all sorts of things from defense, iphones, a number of things. they call rare earth vitamins for electronics, so it's important that the west has an alternative source, whether it's from this particular mine or others that can kind of counter ambula counterbalance the position the world finds itself in. >> why did you buy a coal mine at this stage? from everything we read, there's been a push to move out. >> funny enough we have an expression. coal is too valuable to burn. we regard coal as a sort of

three-legged stool. there's a coal that can be used for thermal purposes, for met lunch cal purposes to make steel, and the third is it is can be used for critical materials or alternative materials. so rare earth sort of falls into that third category and i think as time goes on, there will be increasing interest in the potential to derive rare earths from coal and coal-like material, either coal waste or acid mine drainage from coal mines. >> can i ask you? you're getting pushback from politicians because you're sitting on something that's quite strategic, about the potential for emissions and what the coal mining can do for the environment. >> actually we don't get pushback because we're not in the business of mining coal that

can be burned for emissions. so in that case we're sort of an outlier. most of the questions relating to environmental concerns relates to combustion, and that's not what we're in. >> let me ask you about rare earth. one element that comes up is the refining capacity. assuming there's this reservoir of rare materials that do emerge from the mine that you purchased, what does that mean for u.s.'s refining abilities? the u.s. had the capability to mine the adequate amount of rare minerals that are needed. >> i think it will. i think most rare earths now are contained in hard minerals which actually have trace elements of radioactivity which makes it a little trickier to refine because a lot of it is done in china. in our case, we have found rare earth in a much softer material,

which can therefore be both less costly and less environmentally problematic to refine. so i think as you see time go on in the united states at least, there would be a concerted effort toward refinement of rare earths and that's, of course -- it's one thing to find them, but they don't become economic until you separate and extract them. >> do you have an idea how big the industry could be? >> i don't know. but given the usage and continuing instance of using rare earth for more electronic-related apparatus, i can indicate that the market would be very strong. >> it sounds like it. very exciting, very promising technology. great to have you with us on the show. randall atkins, ceo and founder of ramaco resources. also coming up on "street signs," a new face at the top.

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welcome back to "street signs." i'm joumanna bercetche. these are your headlines. there's posted a message that has approved bitcoin etfs. while it's a mixed basket for foodies in the uk with g greggs topping things. the world bank warns the world is on pace for the slowest in 20 years and 2020s will go down as a decade of wasted opportunity. it's deputy chief economist tells cnbc global financial conditions will remain tight for the foreseeable future. >> i think investment bankers will wait and see persistent decline in inflation and take action accordingly. >> as i said, restrictive financial conditions will be the test for the foreseeable future.

and france appoints its youngest ever prime minister as 34-year-old 34-year-old gabriel attal assumes office with a wider cabinet shuffle ahead. well, after a somewhat subdued start in all of these ind indices, they have started to move into green risk-on territory. we have the ftse 100 down, basically flat. we're keeping a close eye on the grocery sector in the uk. i'll get to that in a moment. but cac 40 is taking a shuffle. we have a confirmed president trump --

prime minister in france. what they're trying to do is put the government in a better position ahead of the all important european parliamentary elections coming up in june later this year. we're seeing autos having a better session in terms of market performance. but let's switch over and talk about what is happening with uk grocers because sainsbury's is trading lower. despite a 10% jump in grocery sales in the fourth quarter and the chain outperforming every week of the year, despite all of that, investors didn't like the results of that. so sainsbury's down 0.4%. gregg's is on the rise, 6.6%, topping the stoxx 600 after a

10% increase in like for like sales in the fourth quarter. that is the figure for gregg's over there. a bit of a different story we're seeing with sainsbury. the drinks maker completed a share of bonds in exchange for the acquisition of a france cognac house. that explains the job that is a mechanical adjustment of yesterday's closing price to where the shares were placed this morning. looking ahead to u.s. futures, a lot of anticipation ahead of tomorrow's u.s. inflation prints, and you can see that all of the three majors are now looking like they're going to open up in positive territory.

there has been a day of sidelining, a couple of days of sidelining from most of the global stockmarkets. we talked about the fact that boeing earlier in the week pulled down the dow, but what we saw on the second trading day of the week, nasdaq had quite a strong performance. tech names did well, amazon, apple, all of those came back with a bit of a vengeance. we're slowly moving back into the green as well. this is the picture for the u.s. markets as we head into the u.s. open. now, u.s. air-conditioner maker carrier completed its acquisition of climate solutions at the start of the year. . i'm very happy to say dave, the ceo of carrier joins me down the line. wonderful to have you with us. i know you must be extremely

excited about it. what does it unlock for carrier in terms of untapped markets and growth opportunities. >> good morning, joumanna. thank you so much for having plea. we're ecstatic. it's going to have an enormous impact on the planet for generations to come. we all know we're coming off the hottest year on record in 2023. nine of the hottest years ever have been over the last ten years. there's a significant issue but significant chance for us to have an impact. 40% of carbons come from buildings, and under the eu framework of having a 50% reduction in emissions by 2030, you cannot get there without our industry stepping up, and that's exactly what this business

combination enables us to do, have an enormous positive impact on the climate generations to come. i'm thrilled to be here. together our 67,000 people will have an enormous impact for generations to come. >> very interesting. let's talk about the role of german subsidies. there has been lot of infighting going on being offered to finance and help with companies looking to milwaukee that green transition. one issue is when it comes to heat pump. that directly affects your business. is it going to affect confidence overall in your sector, do you think? >> we think german legislation

being tailwind for us. i think what will get promulgated at the end of the month will be an increase in subsidies that will encourage the incentive of the transition to heat pumps. so subdies going from 40% to 70% all in, the maximum subsidy up to 70% for heat pumps, you already are not allowed heat pumps in new home construction. and then what's happening, there will be a phase out -- excuse me, you're not allowed fossil fuel, so you effectively have all heat pumps in new home construction. and what you're going to see a is complete phasing out of fossil fuel boilers in homes and the transition of heat pumps. there are 12 countries in europe that have banned fossil fuel boilers for home construction with a phase out of boilers for replacement over the next three to five years. so this transition of heat pumps is unambiguous.

you're looking at a million heat pumps a year going to 10 million as you get out to the 2030 time frame. >> let me pick up on what you said about legislation. how would you say european legislation or in your case german legislation compares to what came out of the u.s. exactly a year ago, the inflation reduction act in terms of incentives and subsidies offered to yours to get things moving? >> it's very encouraging. we're seeing the same thing in the u.s. which the iri.r.a. and stais, you're seeing the transition. in europe, you're looking at $15,000. so you actually are seeing very positive encouraging trends in the u.s. what we've seen in the united states is actually a sale of more heat pumps last year than we did see of gas furnaces. the transition is unambiguous in

the united states, and that's accelerating not only in germany, but you're looking at 60% to 90% in italy, 70% in germany, 15,000 in france. you're looking at significant subsidies in poland. we're seeing subsidisation and regulation all pushing away from fossil fuel boilers to heat pumps and you're seeing very similar trends on both sides of the atlantic. >> so interesting. one of the big topics we've been discussing is the sheer number of democratic elections taking place in 2024. what is your level of concern of potential for parties that are more ideologically leaning to the right and their potential to peel back some of the legislation that is already in place that is put there to help encourage this type of green and cleaner energy transition? because if you listen to some of the rhetoric coming out of politicians from that part of

the spectrum, they're less inclined to devote spending toward climate objectives. >> yeah. when you look at europe, for skparm pell, everyone has to ladder up to the framework of the european level. it started with the paris agre agreement, 50 for 55. when you look at the 55% reduction mandate coming out of the eu by 2030, every country has to ladder up to be not only available for funding but to be part of the obligation to the european union. we know that elections matter we know subsidies may change quarter to quarter, year to year as different administrations come in and go out. what you can say high level is the transition toward heat pumps will 100% happen. it may change a little bit. in italy, for example, they were strong subsidies for example. we saw phenomenal growth in

2022. it will slow in 2024. you'll see ebbs and flows. the trajectory, when you look back to 2030, the transition of heat pumps will absolutely happen. will it happen in a straight line? no. will new administrations change it from year to year? for sure. is the trend down ambiguous, yes. >> i'll let it right there. thank you for joining me on the show. good luck and good morning to you also in germany. it must be cold this time of year where you are. >> it sure is, thank you, joumanna. well, french president emmanuel macron has appointed to education minister gabriel attal to replace the prime minister who resigned. he becomes the youngest french prime minister in history. charlotte has been following ought of this story. yesterday we speculated attal might be the person to be considered. we, of course, have

confirmation. how is it being met with in france? >> it was interesting to see the cover of the newspaper that said macron appointed himself as prime minister. and it's true. to a certain extent he reminds you of the president. he's very young, had a quick rise to politics at the young age of 34 years old. he mentioned his age and they had the ceremony and they said his age was a symbol of movement and a confidence in young people. he's very different from the previous prime ministers macron has had. he's his fourth. they were kind of unknown from the public. this is not the case of gabriel attal. he's well known by the public. he's very popular. he's well known. and he's a great communicator. he's very good. that's key for his job, because, of course, we're ahead of the european elections coming up in

june, and he would be leading that front where the far right is leading in the polls. macron's polls are ten points behind. he would have to try to catch up. there would be no major change in policy, of course. we will stick to that line. but we'll see also the team that he forms around him. we will expect the government to be formed over the next couple of days. some names are expected to remain. of course france is about to host the olympics this summer. maybe potentially the economy minister could be on his way out. he was the junior minister to the budget and now he's become his boss. there are a few dynamics to look at. >> things change around a lot. >> exactly. you have to wait and see. suddenly it's a very daring call by macron to elect 'tall.

he's popular. still a minority in parliament. he has to gather support from mps. that will determine the strengths of the party going forward after the european election as well. >> many pundits were quick to point out that the appointment of attal was an antidote to the right. l . let's head out to arjun as we turn our focus to the crypto industry now. >> reporter: after the break, we'll be hearing buy whooi spep lags over the approval of the bitcoin etf has got the market excited and where the price of ayun.ulbeead.hde st ted we started our business we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need,

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and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. welcome back to "street signs." it's been chaotic for crypto after it was noted bitcoin would be approved for media. it's the deadline for the regulator to decide on at least

one of the etf applications. let's go to arjun at the crypto conference at st. moritz. >> reporter: excitement and then a bit of depression for now is the mood at the camp at the moment. i want to get a thought from fred till, ceo of digital holdings. fred, what was the take for yourself and the industry after the s.e.c. and the approval of the bitcoin etf. >> what happened to the price of bitcoin was very reflective. it was a little anti-climatic. i think we're still expecting some good news today, so we'll see. >> is there anything to suggest

otherwise? >> at the moment, no. i think it's basically 95% factored in. what could happen, well, they could essentially delay a little bit further, say that the two different departments within the s.e.c. that have to approve it, one is the market side, the other the regulatory side, there could be a timedelay around that. but i have a feeling they're likely going to approve a whole slew of them this week and move on. >> the big hope around the etf that underpins the rally last year and into this year is the idea the etf could bring in a new wave of investors, and it's a similar narrative when we heard bitcoin futures hit the market a few years ago. we didn't see that materialize in a big way with futures. is this any different? >> the problem with futures is it resets every month. when we look at the fee structure and rollover, effectively you pay a very high

fee for exposure to bitcoin. with the spot etf, you have a number of advantages. one is very low fees. compared to gbtc, for example, the 2% they charge today, they'll have to go down. an interesting subtlety that most people don't get, they have to sell 2% of bitcoin to cover their fee, which now they will not have to do. there will be a little less in the marketplace, which will help. essentially they provide access to institutional investors, retirement accounts. the many trillions of dollars that are locked up, potentially a small little allocation to bitcoin will happen because there's only a finite number of bitcoin. most is locked up in long-term holders. there's very little liquidity.

only 2 million a day are traded, so we believe it will only be positive. >> fred, just moving the topic to another big event, this is when rewards to miners are produced. what is it about? >> it's about becoming more efficient. we want to grow as much as we can. we did that through an acid light model. now we've shifted to a model that's continuing grow but optimizing our cost strung tur. we recently did an acquisition which will be closing the england of this week, early next week, where we're essentially vertically integrating, lowering our cost structures. we will continue to do that in the future, leading to consolidating the industry. >> is this going to allow you to be profitable then this year? >> yes.

our goal is to be at least margin profitable. you always have certain expenses that can sometimes make it harder to be net profit -- net income profitable, but certainly with that. >> with these acquisitions, have you been able to lower the price effectively that bitcoin needs to be at for your business to be profitable? >> if you look at the latest acquisition, the bitcoin cost structure will drop by 20% to 30% actually because of that. >> we've got the epf, the harving. what does that mean? is a all of this priced in? >> i think definitely part of the price of the rumor is bought in. buy the rumor, sell the news, but i think bitcoin will either follow its historical cycle which will achieve the all-time high toward the end of the year and new all-time highs toward the end of next year.

that's if it follows historical patterns. liquidity contributes to bitcoin price. the fed will be easing, other central banks, global liquidly will increase the back half of the year and that will help the narrative around bitcoin. >> your news is it will hit an all-time high? >> we estimate it just internally that it will definitely hit the all-time high levels by the end of the year. the prior all-time highs and we'll see into next year what happens beyond that, but we're bullish on bitcoin because we're in the business and if we believe some of our colleagues and analysts, they're quite bullish as well. >> you said last year that you've managed to reit carbon neutrality at this point in time. over 50%, i believing of your energy consumption is from renewables. do you have a plan to get it to 100%? how does that happen? >> we continue to work, develop

new energy sources. one of our latest segments is called energy harvesting. we're taking biomass, converting it into energy, and taking the heat and feeding it back into industrial processes. in actuality we become a net energy producer as opposed to a consumer and over time we'll be able to reduce that heat. we're very excited about that opportunity. >> thanks so much for your insight into etf. that was fred thiel. back to you. earlier on when i was speaking to arjun, one of the things i was thinking is whether or not all of these events are fully priced in, a question arjun put to fred thiel. we talk about the potential for etf coming online. there's been such a huge run-up to where it's trading. can it continue, it will be a big question for the crypto

community. let's look at the european markets once more. we're a lot more green. we started off the day pretty mixed with a couple trading underwater, but now you can see pretty much all of them with the exception of ftse are trading in the positive. we have the ftse 100 lagging due to basic resources and you have the uk grocer right at the bottom of the ftse 100 pulling down some of the other names like tesco and mns. we're sort of oscillating around the flat line. that's it for our show. i'm joumanna bercetche. "worldwide exchange" is coming up next. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation

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headquarters and we begin with "five@5." we begin with a massive mistake as airlines weigh new guidance of how to inspect their fleet of grounded 737 max-9 jets. and a key decision from the agency on more than a dozen spot bitcoin applications. also in the red sea, houthi rebels' launch