of♪ ♪uh uh uh♪ ♪oohhh there's a lot of opportunities♪ with allstate, drivers who switched saved over $700. saving is easy when you're in good hands. allstate click or call to switch today. it is 5:00 a.m. at cnbc global headquarters. here is your top five at 5:00. what is wrong with crypto? bitcoin at its lowest price in weeks? what will it take to turn it around after it falls another 77 right now. law enforcement say they recovered $4.4 million that it paid to hackers. paving a path forward. literally. how you las vegas is ushering in the post-covid era with concrete on the mind.

amazon under fire. once thought to fall outside the global minimum tax rate. regulators are looking to tax the most lucrative units. what is next for amc and gamestop and other trader favorites? the options market may be a crystal ball one of the options experts is here. it is tuesday, june 8th. this is "worldwide exchange. good morning, good afternoon or good evening. welcome from wherever in the world you may be watching. i'm brian sullivan glad to be back with you on "worldwide exchange. here is how your money and the global markets are setting up their day. stock futures are flat to maybe slightly down. a dow down about 40 points nasdaq on the rise let's call that mixed to flat.

that may not be moving a lot, but here is something you might want to pay attention to the transports often seen as a leads indicator the coming off a four-session losing streak. something for you to start watching real estate is looking solid up more than 20% in the past three months maybe not the real estate you think of that sector, right now, is being powered largely by things like cell phone tower makers. crown castle as well as data center providers. that sector has been on the move so, too, has oil oil continuing to hover at a two-year high. price of oil not moving a lot, but we touched $70 a few days ago. watch the oil stocks as well programming note i'm flying out tomorrow and the

in-person oil conference in houston with ceos on thursday. that will be a biggie. we also have to check the cult stocks i'm not calling them meme stocks a lot of people have made a lot of money on them yesterday, they did as well. in fact, monday, most of those names up more than 10% in all, the big five, if you call them that, are up again amc up 4.5%. $30 billion market cap now gamestop and bed, ba rks, bath are all on the rise. those stocks are going up. crypto is continuing to go down. bitcoin below 33,000 for the first time in two weeks. it is down again right now ethereum, litecoin is lower as well. we have so much ahead in

your markets and money we have breaking news from washington, d.c. the biden administration's efforts to shore up the critical supply chain which has been pushed to the breaking point ylan mui has the breaking news >> reporter: brian, the white house is rolling out a government wide effort to tackle disruption that plagued the critical supply chains during the pandemic today, the administration is establishing a task force to focus on semiconductors and home building and transportation and agriculture. the goal is to convene stake holders to diagnose problems and surface solutions. the white house is releasing reports on the bottleneck of the sectors and plans to address them for example, using the defense production act to place $60 million to manufacture active pharmaceutical ingredients in the u.s. and $17 billion for

advanced battery supply chain. and then the magnets used in electric and hybrid vehicles in the long-term, the white house is going after targeted threats to critical supply chains these disruption have resulted in consumer shortages and price increases and oefficials say the pose a national security threat. president biden plans to bring up this issue in europe later this week. they are not trying to start a trade war, but youuse targeted tools to reduce vulnerabilities. back to you. >> ylan, a lot of questions here these are big goals. how will we measure success? i can get the t-shirt in less than two months? what are the metrics we know to know if this is working? >> reporter: the administration likes to say it is using a whole of government approach and

leveraging convening power to get industry players to talk to each other the reality is there is not a lot they can do to resolve the current supply chain crisis. that is a private sector problem. they focus on what they want to do in the long run which is invest in domestic capacity and elevate this to the president's agenda so if they are successful in building the supply chain resiliency, you as a kconsumer would not notice it and you would go to the store and get the t-shirt and not notice a price change >> there is one possible solution here. they can say it is a private sector problem, but the reason we buy so much stuff from china is cheap any talk of addressing the chinese currency >> reporter: that did not come up in the report today

it focused on supply chain and manufacturing and production long-term, they do talk about, you know, american competitiveness in china one of the things they point to is $52 billion for the chip industry that the senate is expected to vote on today as part of the broader american innovation and competition package. those are the ways industrial policy and educating the american work force and skills those are the ways we can compete with china according to the white house. >> i had a sneaky feeling, ylan, that giant spending is part of this good news for the long term and next couple years or decade. we have a way to go. ylan mui with the breaking news. thank you very much. let's get now to the other top stories. including a big story on amazon and the push for it to pay more in taxes

contessa brewer is here with those. contessa >> reporter: good morning, brian. the u.s. intends to launch talks with taiwan over trade and investment secretary of state antony blinken is talking about this issu issue. these talks are the first step to providing a framework a spokesperson for the chinese foreign ministry says the u.s. should stop exchanging with the taiwan government. and amazon's cloud computing business is consistently below the 10% profit margin that the g7 agreed upon amazon welcomes the agreement.

and tesla executive jerome guillen leaves the company he joined the company in 2010. that move was announced in a security filing on monday and no reason for his departure, brian. >> i know over the last 11 years, if you have options or equity grants, i'm sure he did, i'm sure he has done well. quite the demanding job. contessa brewer, see you in a few minutes. when we come back, a new take on the reopening trade. two stocks to watch that may be flying under your radar right now. and why one analyst says it is the software refresh is enough to buy that stock. and it is a pick heavy tuesday. the infrastructure names you need to own as congress works toward a deal.

ideas that you may not be thinking about, but they should be a very busy hour on "worldwide exchange." we he return right after this. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all it's worth. you need a financial plan that can help grow and protect your money. an annuity can help cover essential expenses in retirement, so you can live the life you want. this is what an annuity can do. learn more at protectedincome.org.

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conferencing the companies who help you pay for those things joining us now is global investment strategist victoria fernandez. don't focus on specific things go more macro? >> brian, we are long-term investors. we are not chasing the market, but looking at the long-term effects. for us, when you look at a reopening trade, you are right we don't want to focus on the highly volatile names. names like peloton or zoom or retail names we anticipate we will see a quick pop in some of those names as inventories rebuild and people go out and update their wardrobe for work and summer like you mentioned, all of these things have to be paid for and transactions are happening more

and more online. we he e don't think that will ce post-pandemic. the consumer balance sheets are in great shape and they can take on more credit we think mastercard or visa is a great way to participate in the reopening trade without participating in the volatility of the pure reopening trade names. >> i did not hear you throw out american express or discover they have credit cards, too, victoria or do mastercard and visa with the back end better bets for clients? >> that's exactly it it is the business model transactions started within their network. they don't have as much exposure to business, obviously, over the last 12 or 18 months we haven't seen the business travel there american express is taking a hit. you look at capital one where

they are focused and have more exposure to loans to consumers we think mastercard and visa have a better business model our investors, longer term, that is the best bet in that space. >> we he like that victoria, can i ask a viewer question it is probably better than any question i can ask thank you to the viewer up nice and early or late. do you think it is time to start moving assets now you -- ahead of inflation i ask that now because i know you have a contradictory view than most. >> beside with the fed that most of the inflation we're seeing right now is transitory. we have base effects and supply chain issues elon talking about the supply

issues and what washington is doing to address that. we think we are going to see some of the inflation be longer term all of that comes from wage pressure we saw it in the last ism in the u.s. and bloglobal pmi companies have having a hard time filling the labor positions. companies are paying more sign-on bonuses. wages are moving higher although it is the lower paying jobs coming back online it tells you wage pressure is there. that should start to hand off. when it does, we should be concerned with inflation for now, we don't think the fed is going anywhere. it is at least next year before we see them taper qe and longer than that before we see any move in rates. >> we will put victoria fernandez in the lower camp.

victoria, thank you you very mu much. >> thanks, brian you're welcome on deck. how one stock is putting its supply chain struggles in the rear-view mirror and investors getting rewarded for it this morning. that name and that mystery chart is revealed when we return right after this >> announcer: today's big number $39 billion. that's how much of the unemployment insurance benefits tied to the cares act have been improperly paid or wasted. according to the report of the fi oinecr neofcef sptogeral. at cdw, we get your it staff has be ready to take on new challenges.

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(judith) in this market, you'll find fisher investments is different than other money managers. i thought i'd seen it all. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary,

obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. welcome back las vegas is back. okay we know gamblers have been swarming there for a while today is a big day for another reason the first big in-person convention kicks off and hopefully lays a solid foundation for the future. contessa brewer is back with more on the second step of vegas' return. contessa >> reporter: a big step, brian the world of concrete convention kicks off in las vegas a solid start to returning to con convention business. the mask mandates ended and now

the return of group business this really is the foundation of vegas' mid week economy. without expos and sales meetings and conferences, hotel occupancy slumps and vanrestaurants are n busy in 2019, conventions contributed $11.4 billion to the vegas economy. already, a leading dis leading n for this business. vegas has wynn and casars. and world of concrete attendees will explore $1 billion renovation and expansion of the vegas convention center. to cover that ground, conventioners can ride the loop. elon musk's first completed project with the boring company.

since i did it, i think it will be a draw. vegas thinks this will help the destination compete with other cities for what nationally is expected to be $100 billion industry competitor orlando has been hosting in-person conventions last summer because it wasn't facing the same state covid restrictions as vegas. with vaccinations increasing and restrictions easing, group business is back and to that end he, brian, meeting planners will have their big convention at caesars convention center to talk about the way the hybrid group business goes on maybe they keep the things we discovered with virtual meetings for the future we know the consumer electronics show plans to do that next year. a combo. >> okay. i youhave a lot of questions. cheap tease. i will be at the in-person oil

conference on thursday some business travel is back did you just tease that there's a convention for people who plan conve conventions? who plans that >> reporter: that's right. it's called the world education congress they bring together all these meeting planners to talk about how to plan meetings and how to go forward how do you integrate new technology and how do you maybe marry what we learned with this virtual meeting with the future of in-person by the way, the people who plan these things have no doubt in-person conventions will be back and as successful as ever. >> absolutely. and in a bigger way. i have to get back to the meeting -- this planner. my guess is that should be the most well run -- if it is a convention of people who plan meetings, it should be the most well run convention in the

world. can you confirm that >> reporter: i can neither confirm -- given it hasn't happened, i can neither confirm nor deny it will be the best planned meeting ever. >> the world of concrete will lay a solid foundation for the future you are here to confirm that >> reporter: yeah. well reinforced. >> this is why -- you know, contessa brewer, the world of concrete by the way, $1 billion concrete deal yesterday timely contessa, see you in a few minutes. thank you. >> okay. i couldn't have planned that better ahead, grilled on the hill the questions congress has for the ceo of colonial pipeline about why hackers were so easily able to shutdown a huge part of america's gasoline supply. and a nudge, download our

podcast. especially if you are hopping on a plane. you can check it out dow futures are back one point we're back after this. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. you need a financial plan that can help grow and protect your money. an annuity can help cover

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in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. amc and gamestop up again. bitcoin and ethereum down again. the rocket shifts that are helping some and printing money for others. getting hot on the hill.

members of congress expected to grill members of colonial pipeline over hackers taking control of the american gas supply. and apple rolling out new products to protect your privacy. will the market reward that or is apple's easy money already come and gone? it is tuesday, june 8th. this is "worldwide exchange. welcome or welcome back, everybody. good morning i'm brian sullivan thanks for joining us on "worldwide exchange. we are just about halfway through the 5:00 a.m. hour we are seeing stock futures mixed. no big move in either direction. still let's look at the nasdaq futures up 42. dow futures off 6 oints. here is a question for you,

loyal wex viewer do you remember our graphic from a month or six weeks ago we showed you the rundown. the 18 major things priced at or near all-time highs? we showed you those 18 because that's all the room we had on the wall sugar, coffee, shipping containers, lumber, corn, everything dare we say, that graphic and rbi we did on that was the peak. prices for much of that stuff on that wall have indeed come down in the weeks since ishares global timber atf. the ticker is wood, what else. off 10% from the all-time high of three weeks ago one name in the basket of stocks warehouse down 11% this month. some talk about shipping container prices and other metals not a lot. something to watch

one thing that has not come down in price and soared around america is the price of gasoline i don't need to tell you that as oil prices is moving higher as well as gas. the colonial pipeline shutdown is another reason that gas prices spiked. the company's ceo will go before lawmakers this morning to talk about the breach that crippled the company's network last month. the hearing coming on the heels of the doj announcement it had recovered millions in ransom paid to those behind the attack. let's get more on the hearing with contessa brewer contessa >> reporter: good morning, brian. joseph bloun is set to go before the committee as part of the oversight of cybersecurity and infrastructure in testimony released ahead of the appearance, blount said he

paid the hackers to get the pipeline up and running. he said the company believes the attackers exploited and abandoned private network account to get into the network. blount's appearance comes after the justice department revealed it recovered the majority of the $4.4 million in bitcoin colonial paid to regain control of the system the operation is the first of the kind to be taken by a special task force by the biden administration the may 7th breach is attributed to a russia-based group using dark side ransomware variant more than 100 the administration is investigating the hack controlled the east coast and that halted operations and that caused a run on gas and pushed prices to the highest

level in six years and left gas stations without fuel. in a statement, blount said he is grateful for the fbi efforts and holding hackers accountable and disrupting activities is the best way to deter against future attacks. the second hearing on the colonial pipeline hack is set tomorrow before the homeland security committee it is an important topic it is the foundation it is insidious and affect all manners in the way we live this is one instance very early brian. >> it was gasoline to 50 million americans and global meat supply with jbs contessa, thank you. that is not all that is happening on the hill today. president biden also expected to make another push on infrastructure the democrats and republicans do seem far apart on the price tag and how to pay for it. all of this as the bipartisan

senators including mitt romney and joe manchin are adding another proposal let's talk more about this and how it plays out and which companies and stocks may stand to benefit in the long run kathryn thompson has been on top of this for years. i know we focused on the senate, but you ydo your due diligence. there has been talk in the house with pete defazio of new york. you believe something will get done what does it look like >> so, i think the dirty secret is there are two options america's focus on the infrastructure bill. a lot of great effort.

it has stalled you know, bottom line, the president thinks the gops infrastructure bill is not there. if you talk to the state department of transportation and entities that really care about top dollars to rebuild america, they say the infrastructure bill is great, but what we need is reauthorization of the federal highway bill it expires in september. while the infrastructure bill is a big focus in d.c., when you talk to the states, they love the house's version of the 54% increase proposed federal highway bill and they like the epw with a third increase. love to get a infrastructure befo bill, but it is on the ropes we are definitely going to get a big highway bill which will get dollars to the roads faster and

give greater visibility over the long term. that is what matters >> for investors, that is an important point. we in the media talk how the sausage is paid. the two sides can fight about what is or not infrastructure. it sounds like your position is regardless of the fight over the definition of infrastructure that roads, bridges, highways, those things will get funded maybe by the way, kathryn, we saw volken pay up in a big deal yesterday. >> you know what we had two big deals yesterday with vulcan putting a bid out for $1.3 billion for concrete and two weeks prior, martin marietta put out a bid

you have really big companies in the base materials space banking on the future for infrastructure we have some great things going on in the private sector, but it is looking rosy on the infrastructure side. it may not be what is sexy and splashy as the infrastructure bill it may be a federal highway bill and they have really no faith in the big infrastructure bill effort it is a timid effort in their view they want a multiyear highway bill reauthorization >> you know what i think sexy is driving down the road and not having your car fall into a pot hole as i drove down the new jersey turnpike yesterday. the giraffes that would fall into some of the holes i love also when you come on, kathryn. you give us names we don't think about.

api group. will scott mobile mini never heard of these companies who are they what do they do? >> api group is a new publicly traded company they do mandated inspection and service work for public construction and commercial construction any infrastructure, you have to have a third party do the inspection work. if there is service that needs to happen, they follow-up with it it is an interesting company very fast growing. you have a lot of the same money backing from the majority dproup from over a decade ago will scott mobile mini if you look at any construction site or if you go to any port, any big project, you will see these mobile units there so it is really a secondary play and there's been consolidation of that industry

amazing free cash flow another great thing about it is it will be the first thing at the construction site and the last thing taken off those are two really off the beaten path stock ideas that capitalize. >> we are watching them. api and willscot mobile mini holdings hopefully a highway bill coming down the turnpike, i guess k kathryn thompson, thank you. coming up, a look at the big money movers including shares of one online styling company proving to be chic with investors. as we head to break, some other top stories on tuesday china moving forward with a new law aimed at countering sanctions. lawmakers in beijing filing the second draft of the matter following through with the march threat to do so.

staying with news out of china. nvidia asking regulators there to approve a $40 billion deal to buy armed holdings the application was made in recent weeks the scrutiny is expected to take a year and a half. shares of dr. pepper are lower. 28 million shares on behalf of mondoleze holdings stock off 3% dow futures off 11 we're ba aerhi ckft ts.

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time for the big money mo movers three stock stories. stock one. stitch fix revenue jumping 44%. they expect sales for the year to come ahead of estimates americans realize they need a new wardrobe and first quarter results topping forecasts for marvell. that stock up 4% and stock three, coupa software shares down. the surprising first quarter profit coupa down nearly 9% now to apple and what has been wrong with the stock. apple shares are down five of the last six weeks as it rolls

out new products from the developer conference on monday focusing on privacy and video calls. joining us now with reaction is piper sandler managing director harsh kumar. you see a lot of up side here. what is the stall in apple shares lately? >> thank you, brian, for having me on your show. we believe it has to do with the markets more than the fundamentals as far as the fundamentals, we see a good path for apple to continue to do very well as far as revenue and profitability and growth is concerned. the reality is they are in the middle of the upgrade cycle with the iphone platform. this upgrade will continue for the next two years

m then you have the wearables business they are trying to become a bigger player in health care which is potentially a $1 trillion market for the guys there is a lot of talk about apple car which is another multibillion dollar market that is the stuff that apple needs to move its needle and that is what they are doing. >> it is amazing goldman sachs saying health care technology is one of the favorite sector picks in the coming years that's on cnbc probe we talked about it on "fast money" last night. the service business is coming in $50 billion in sales this year whatever, the second business of apple is bigger than the revenue of most other companies in the s&p 500. do you think services gets the respect it deserves or does the

iphone overshadow everything >> i think the iphone overshadows everything as far as the growth goes, the reality is the phones themselves, if you take away the major upgrade cycle, they are not a major market anymore you see apple in wearables and health care. services does not get the respect in my opinion. the stand alone multiple on that business is higher than what apple commands then the wearables business. no franchise like the apple franchise. we have done service which suggests 30% people prefer the iwatch over everything else. 30% of the people own the iwatch over everything else then the airpod. we saw yesterday, apple pushes the bar higher the focus on privacy the focus on sharing the focus on health care and making things easier for

developers they think on the franchise businesses, apple is pushing the bar a little bit higher each year and season. then as far as new areas are concerned, we are looking at electronic payments which is wallet and such. they are entering into the car lot that has been talked about there. obviously the health care. >> bottom line, you remain bullish on the stock 160 target, is that correct, harsh? >> we love the stock we think the fundamentals are tremendous half of the company is iphones we are in the middle of the upgrade cycle that should last two years at least then the possibility of other things such as foldable phones that come into play. that is what the rivals are working on >> a five-year chart at 410% a lot of people have made a lot of money harsh kumar, thank you for coming on "worldwide exchange. talk to you soon

>> thank you you're welcome on deck, what is the options market saying about the cult stocks like amc -- maybe you heard about it lately? we have chris murphy here to layout what the options are saying right now if you have not already, 'rba rcae to our podst wee ckight after this.

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season vail came out with better than expected third quarter numbers what caught our eye is the comment and outlaook for the winter ski season. demand is strong according to the sales booming from a year ago. it is not in blue sky bowl or vail or north star that caught our attention. it was the northeast vail is being quietly doing something other companies would never think of that is cutting prices when is the last time you heard that vail said compared to the period ended june 4, 2019, price pass increases decreased 10% compared to the 20% price decrease we implemented this year. lower prices helping customers buy, guess what? higher value pass products which means more money for vail and good news for shareholders which

are getting rewarded for getting customers a good deal. a novel idea cut prices to generate more sales. all peak ski season is months away this is the time now to buy skis vail resorts up 70%. lower prices in skiing. that is random, but interesting. volatility in the cult stocks has been high in the past couple weeks which has been impactful within the options market amc options hit 450% last week the stock saw the highest ever options trading volume believe it or not, far below the peak volatility of january of 700% what are the moves and prices in the option market saying potentially about amc and gamestop and the others? chris murphy is the head of

susquehanna. chris, how long can these trades go on? at some point there will be a price buyers will not step in. not this morning like options, i guess equity may have expiration dates. what are you yseeing >> we are looking at these meme stocks and trading out of the money call option. you talked about the volatility. typically stocks and volatility move in direct directions where you are confident in a stock, you don't want that volatility in the meme stock instance, investors are looking for volatility and big moves just like out of the money call option out of the money call options expire

meme stocks don't expire like we saw in january explosions in value don't last forever. just like a call option expires atsatome point, meme stocks wil expire you heard it from the amc ceo. i'm not sure about the stock at this level we are looking for volatility starts to decrease in the names. momentum chasing investors momentum is a great strategy moving on to something else. keep an eye on the volumatility levels that will tell you when the movs expires. >> 5:55 in the morning where is my coffee implied volatility it is down from the peak it is skiis still huge. what kind of number would signal that move is happening it doesn't appear to be now. >> like you said, 450% implied

volatility i looked at amc yesterday afternoon. it implied at 40% move until the end of the week. that is over the course of four days you know, in terms of what implied volatility will signal a stock come back down to earth. you don't get that movement, the momentum chasing investors -- like i said, momentum is a great strategy over the last year. momentum chasers will see the stock not moving that implied volatility level coming in. let's move on. what is the next one >> go back to the 40% move, chris. do we have any indication which way that 40% move will be? that's a big question. >> yeah. that's the huge move we don't have an indication on

that i think if you are watching the stock and implying a 40% move this week and you see the stock not moving as much to the up side and see volatility levels coming in, that is likely to be to the down side we have a clear trend on monday with investors getting back into the stock. stock moving up to the middle half of the week then toward the weekend, we see investors closing down on some of the long positions they made money on during the week as they head into the weekend. if i'm looking for a trend for the stock, that's what i would look for i look for first half of the week into thursday and we see more movement to the up side on friday, we see the stock pull back a bit >> great insight in the options market crazy moves. chris murphy a pleasure thank you for coming on. we end the show with breaking news. oil and gas.

contango combined with independence energy. it will have an equity market cap of $4.8 billion. mcf is the ticker. oil and gas deal worth $5 billion. just breaking right now. by the way, good timing. i'll catch a flight soon and be in texas on thursday at the in-person oil and gas conference guest ceo lineup all day on thursday on friday, on "worldwide exchange" you will hear from danbury resources and governor greg abbott. $5 billion deal. thanks for watching "wlddeorwi exchange." "squawk box" and the gang are next take care. or the one where nothing does. with comcast business you get the network that can deliver gig speeds

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good morning the price of bitcoin plunging. dipping back below $33,000 as meme stocks surge. we dig in to what is happening. biogen shares soaring higher after the fda approved the alzheimer's drug reaction for medical researchers. it is all straight ahead. big changes coming to ipad and iphone reaction to the apple big announcement it is tuesday, june 8th, 2021. "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin joe is off today the dow and s&p yesterday gave

background dow down 125 points. s&p off 3 points nasdaq up .50% this morning, dow figutures indicated down 13 points if we were to close up 5 points, andrew, a point away from an all-time high. nasdaq indicated up 44 points. let's look at the treasury market you see the 10-year is yielding 1.56%. that same range we have been stuck in for months at this point. we should take a look at the "squawk stack. there are individual stories bitcoin is down another 7.5% this morning it is down below $33,000 this is the first time in two weeks it has been below that level. this is coming as u.s. officials are making moves to get back some of the ransom that has been