amanda: i'm amanda lang. come to bloomberg markets. alix: i'm alix steel. we welcome our bloomberg audiences. here is some stories we are following for you. in just a few moments we will be speaking to tim draper. he will discuss the state of the startups, and of course the market for digital currency. we will be covering the latest out of the electric vehicle market, with x shore, which has been betting on the boating market. certain stocks are tumbling today as they are afflicted -- affected by supply-chain bottlenecks. amanda? amanda: that is just one example of a company that is moving up -- moving pretty sharply on individual news. probably the markets are quiet. there was some bullish news from

the commerce department on the help of -- on the health of the consumer and jobless claims data. both of those would bolster the case that the demand side remains strong. we are seeing real estate and energy as the two groups leading, but today you are getting participation from big tech names. autodesk certainly one that jumps out. one going the other direction is hewlett-packard, and it is up in double digit today. evidently seeing a willingness to pile into some names. boy, does it need a break. it has a couple of tough sessions with big names suffering. meanwhile, moving beyond equities here we are watching the mexican peso weakening today. you see here, the dollar strengthening against the peso. this is after the country's

president picked a finance minister very little monetary policy experience to lead the country's central bank. inflation in that country hitting a 20-year high. as we get the news that victoria rodriguez would be the first woman to lead that central bank, this is causing some consternation this fight against inflation is seen as pretty critical, not just obviously for mexico, for the u.s. and canada as well. taylor: when we are looking at some of the latin american countries, to their credit a lot of the countries have really been the first to move as they are tackling inflation. he rightly brought up the peso. did see some strength. some of that was a knee-jerk reaction, you are still off by .9%. don't get me started on turkey, where we are defying some of the economic theory and what some of the textbooks would tell you

about inflation when you hike or cut interest rates. amanda: you see what that does to a currency if you play that badly. some would say that bolsters the case for crypto assets. it coined, one of them. no stranger to volatility. we have seen a decline of late, it remains at elevated levels. tim draper is a believer in this space. he has invested in more than 50 crypto companies, including coinbase. he is known for early investments and names you might recognize -- tesla, and tim: robin hood. tim:-- tim: it is great to be here, thank you. amanda: obviously you are a believer in crypto. you have made a broad portfolio of that's. what is -- of bets. what is the underpinning of that? is it this notion that fiat

currencies will lose their place of dominance? what drives your eat those on crypto -- ethos on crypto? tim: i say bitcoin represents trust and freedom in a world that is starting to get less of both in the fiat world. fiat is less trusted because governments are just printing them willy-nilly to just build their own coffers. this is a great hedge against the inflation you were just talking about happening worldwide. for investors, i think holding onto bitcoin is probably a good place to be. there are only 21 million bitcoin out there, and they represent the freedom that allows us to use them anywhere. and the trust in that you are

trusting in the software rather than trying to trust some bank or government entity. taylor: we see your bitcoin ties. we know where you stand on that, but you were not wearing an ethereum tie. tim: some of those also can inflate the way governments can inflate. i'm always very careful about that. what i look for is, who are the entrepreneurs and who are the engineers behind a given token? i love some of the tokens. i love pesos, because they have redefined how to operate a token. they do it as proof of steak, they use less energy, and they have a new form of governance. and that is exciting. paragon, similarly, is going to

redefine how juries work. what i think i wanted to talk a little bit about is, in latin america all of these new technologies are just exploding. taylor: i'm so sorry. we are getting a verdict in the mr. arbery trial. we are going to have to cut you off. take a listen. >> i'm going to go ahead and address each one of these verdict forms separately. the first i have is the state of georgia versus travis mcmichael. mr. mcmichael, would you please stand? the verdict is as follows. in glynn county, the state of

georgia, the state of georgia versus travis mcmichael. count one, malice murder. we the jury find the defendant, travis mcmichael, guilty. i'm going to ask that whoever just made an out first, he removed from the court, please. -- out first, be removed from the court, please. as this court has indicated, i ask that there be no up bursts

-- outbursts in the court. please respect the court's desire for this as we move forward. if you feel like you need to demonstrate with respect to the verdict, i ask that you step out of the courtroom now. count two, felony murder. we the jury find the defendant guilty. count three. felony murder. we the jury find the defendant guilty. count four, felony murder. we the jury find the defendant guilty. count five, felony murder. we the jury find the defendant, travis mcmichael, guilty. count to six, aggravated assault. we the jury find the defendant guilty. count seven. aggravated assault. we the jury find the defendant guilty. count eight.

false imprisonment. we the jury find the defendant hilty. count nine. criminal intent to commit a felony. the jury find the defendant guilty. dated this 24th day of november, 21, signed by the foreperson. have a seat. as to gregory mcmichael. in the superior court of glynn county, state of georgia versus greg mcmichael. count one, malice murder. we the jury find the defendant not guilty. count two, felony murder. we the jury find the defendant guilty. count three, felony murder. we the jury find the defendant , greg mcmichael, guilty. count four, felony murder. we the jury find the defendant

, greg mcmichael, guilty. count five, felony murder. we the jury find the defendant, greg mcmichael, guilty. count six, aggravated assault. we the jury find the defendant guilty. count seven. aggravated assault. we the jury find the defendant , greg mcmichael, guilty. count eight. false imprisonment. we the jury find the defendant , greg mcmichael, lt. -- guilty. count nine. criminal intent to commit a felony. we the jury find the defendant guilty. dated this 24th day of november, 21, signed by the foreperson. as to william bryan. in the superior court of glynn county, state of georgia. state of georgia versus william

bryan. count one, malice murder. the jury find the defendant, william bryan, not guilty. count two, felony murder. we the jury find the defendant not guilty. count three. felony murder. we the jury find the defendant , william bryan, guilty. count four, felony murder. we the jury find the defendant , william bryan, lt. count five, felony murder. we the jury find the defendant, william brian, guilty. count six, aggravated assault. we the jury find the defendant not guilty. count seven. aggravated assault. we the jury find the defendant , william bryan, guilty. count eight, false imprisonment. we the jury find the defendant

guilty. count nine. criminal intent to commit a felony. we the jury find the defendant, william bryan, guilty. signed this 24th day of november, by the foreperson. go ahead and have a seat. the court having read the verdicts and accepted the verdicts, anything from the state? >> no your honor, nothing from the state. >> anything from the defense? >> we ask the jury to be polled, your honor. >> i'm going to ask it to view -- ask each of you two questions with respect to what i've just read. if you could respond when you hear your juror number. juror number one, you have heard the verdicts read. were those who are verdicts then, and are these your verdicts now? >> yes sir.

>> juror number two, you have heard the verdicts read. were those who are verdicts then, and are these your verdicts now? juror number three, you have heard the verdicts read. were those your verdicts, and are these your verdicts now? >> yes. >> juror number four. you have heard the verdicts read. were those who are verdicts then, and are these your verdicts now? juror number five, you have heard the verdicts read. were these your verdicts then, and are these your verdicts now? >> juror number eight, were these your verdicts then, and of these your verdicts now?

juror number nine, were these your verdicts then, and are these your verdicts now? >> yes, your honor. >> juror number you have heard 10. the verdicts read. were those who are verdicts then, and are these your verdicts now? >> yes, your honor. >> juror number 11. taylor: they you have it, the big headline news is the three men, it was gregory mcmichael, travis mcmichael, and william bryan have been charged, and travis mcmichael have been convicted on all counts. the other defendants had mixed decisions, mostly guilty verdicts. juries had been deliberating and have reached a decision in this trial. these three men were accused of killing mr. arbery. he was back in early 2020, and has sparked outrage, given the protests we have seen of the murder of george floyd. we are hearing, again, the

guilty verdict that has been returned on the murder charge in the arbery killing. travis mcmichael, of course, has been convicted on all counts of arbery's killing, and mixed verdicts, but mostly guilty on the other two men as well. there were four felony charges for aggravated assault and false imprisonment. you heard the jury verdicts being read out there. at one point in the trial there was some cheering, and the judge asked them to leave the room, to maintain professionalism. let's get more on this with ta tia. some of these big headlines coming out now, what do you make of guilty on all accounts in one, and mixed counts in the other two defendants? >> what we had was, there were three defendants. travis mcmichael, who pulled the

trigger and killed ahmaud arbery, he was guilty on all counts of murder, including malice murder. the other two defendants, including travis' father and another man, they were found guilty on felony counts of murder, but not malice murder. what it is is a sign that the self-defense case their lawyers were trying to make did not fare well. you know, the video footage really showed they were chasing ahmaud arbery down the street, and, i guess on the heels of the kyle rittenhouse verdict, where the self-defense verdict -- rather, self-defense case struck a chord with the jury, it did not in this case. taylor: you bring up a good point about hinting that a lot of the self-defenses there, what do we know about some of the

cell phone footage that captured all of this and how some of this video and some of the videos the jury had asked to rewatch, how that played a role? katia: this footage, i think, it was pretty graphic and it showed, you know, three gunshots, but one of the things that happened in the defense was that when we were watching in closing arguments with the attorney for travis mcmichael was trying to make the point that, you know, there was this potential that ahmaud arbery could go after travis mcmichael and so he shot him. he based it off of the potential he could come after him. and that did not fly with the jury, and this case of a citizens arrest, which is what they were trying to say that the

three defendants were trying to make. that did not play well in this case. one of the points that the prosecutor was trying to make was that ahmaud arbery had baggy pants on. he was not carrying keys, he was not carrying a phone, he was not carrying a wallet. the idea that he could potentially be -- have a gun on him or potentially try to attack the defendants in this case, it was far-fetched. that was also shown in the video. he did not have anything on him. taylor: katia porzecanski, appreciate your time as we are getting those guilty verdicts on that mortar charge. -- on that murder charge. we are going to have more next. this is bloomberg. ♪

taylor: this is bloomberg markets. i'm taylor riggs. want to turn back to tact. let's bring in tim draper. tim, love chatting with you about bitcoin. talk to us about some of the underlying blockchain technologies you have been interested and investing in. tim: so, as i mentioned, there are a couple of really exciting places where bitcoin, the blockchain, smart contracts, and all of the technologies around them are going to play a big role in transforming some of the biggest industries in the world. already we are seeing it in banking. we are going to see it in commerce, we are going to see it in government, we are going to see it in insurance. speaking of government, it is interesting what is happening in south america. we have a relationship where we

have worked with sickness -- cygnus in argentina, but clearly a lot of entrepreneurs are moving to uruguay or el salvador, because there is such a change happening around south america that we feel like there is a big opportunity there. taylor: do you feel like the bc, crypto world is in a bubble? tim: not at all. it feels like a groundswell. it is slowly but surely taking over every industry. there will be a moment, i believe, when i can buy groceries, which you can in el salvador. you can buy groceries and you can buy your clothes in bitcoin.

why hold a currency subject to the whims of some political force. it is trusted, global, open, and transparent. that is going to be a currency we can all get behind. that is bitcoin. this is the first inning of one of the biggest groundswell's i think we will ever see in the history of our lives. i think it is an anthropological leap. in ft's -- nft's are great. they are building all sorts of creativity. they are starting with the art community. they are making it so that you can own a specific thing in the cloud. you can own a specific thing in the internet. that can be a piece of art, it can be your identity.

i think that is going to be a big rig through. you are not going to have to use passwords anymore. it can be your diploma, your whatever. it can be specific to you, and so nfts, this is the beginning, the art and the games and the board -- bored apes. i think we are going to see tremendous new technologies coming out of nft's, and i hope we will fund them. taylor: what are some of those new investments and funding you are involved in? are they primarily in latin america, given they are ahead of the u.s. when it comes to cryptocurrency? tim: it is interesting. in latin america we have three that hit unicorn status. we have another company called unstoppable domains that allows you -- taylor, you could get

taylor.crypto and make it your wallet for trading crypto, for holding money, for whatever it is you want. you can save things on there. you can be chinese and say, free type that. you could be a syrian, and say, i don't like my leader. it is unstoppable. it cannot be stopped. i think that is the beginning of free speech around the world. i think it is the beginning of a new world economy, where we are all, our wallets and identities and all of our assets, are interconnected. we are going to go through this, as i mentioned, an anthropological leap as humans where the geographic borders mean less and less, our geographic border's leaders mean

less and less, and the world opens up and we become one big world economy. that will be magic. taylor: we always wish we had more time with you. tim draper, thank you for being patient with us. the founder of draper associates, and just barely cutting the ice there when it comes to crypto and some of the new world order's tim is talking about. from new york, we are taking a look at equity markets. really trying to post some gains here after the positive economic data we got this morning. lower-than-expected jobless claims. it is a yield story that mostly continues to climb higher. some funds catching a bit. from new york, i'm taylor riggs. this is bloomberg. ♪

>> i'm ed ludlow with the first word news. three white men charged with chasing and killing ahmaud

arbery are found guilty of murder. prosecutors say father and son and a neighbor shot and killed the 25-year-old unarmed black man, who was jogging in their georgia neighborhood. the jury reviewed a recorded cellphone video of travis mcmichael opening fire as arbery tried to grab mcmichael's shotgun. president vladimir putin offered top executives of state companies to speed efforts to shift to domestic software, ending that future rounds of sanctions could lead them cut off in the imported programs they rely on. he endorsed a proposal to make top executives personally responsible for failing to meet targets to move to domestic software. sweden's first female prime minister got the worst possible start to hurt 10-year after she was forced to resign hours after the historic appointment. actor lena's resignation