it is 5:00 a.m. in washington, 6:00 at night in beijing, china here's your top five at 5:00 a virtual face-to-face, president biden and china's president xi bgearing up for their first one on one since biden took office. we'll lay out what is expected to be discussed. also in d.c., the president expected to sign the roads and bridges finfrastructure bill today. which stocks you may still want to own. a watered down deal in

glasgow. while many view the deal as a failure. bitcoin rolling out the biggest platform upgrade in four years. what that means. and forget $80 oil, or $100 oil. the random but interesting bet one trader is making on prices moving so high it just might make your head spin. it's monday, november 15th, and this is "worldwide exchange. good morning, good afternoon or good evening and welcome from wherever in the world you may be watching i'm brian sullivan, good monday morning. we have a lot to do on this busy day. let us start in washington because today is an important day in the united states, china relationship president biden set to hold a video call with

president xi what to expect >> reporter: we have learned from a senior administration official at the white house that that virtual meeting between the two presidents will last several hours this evening the two will speak through interpreters and a list of attendees from each country's government is still forthcoming. as for what could be delivered from the conversation, the white house doesn't expect there will be any tangible deliverables and said the purpose of the conversation, which they say president biden initiated is to manage the relationship responsibly between the two countries and erect what they're calling guardrails on issues of importance what those issues of importance are is unclear and what the guardrails, to use the white house's term, around those issues is, is also unclear it's expected to raise concerns around threats to china's rules based international order are

pretty long. president biden will raise concern about economic practices, its human rights issues, coercive measures with regard to taiwan and areas of the risk in cyber space. the white house does not expect it'll raise supply chains and tariffs and as to whether beijing may raise the olympics and the submarine deal with australia, they have no idea the two countries are in a fundamentally different place than in the past and the u.s. is seeking a steady state of affairs. we'll see exactly what comes out of the conversation and whether china is seeking any deliverables, even if the u.s. isn't. brian? >> there's so much to discuss. i'm not sure a few hours will be enough what time does it kickoff? what time will we get headlines or leaks about how it's going?

>> it's expected to start in the 7:00 hour this evening, brian, according to officials with knowledge of the planning. and really we're going to expect to see some sort of pool spray off the top. that is to say some images or some snapshots of the video between the two leaders. it could run late as many of the events do. but one signal is going to be the length here because the white house has telegraphed it is going to be several hours in length anything short of that might signal the conversation ended bankruptly we'l -- abruptly. so we'll see overnight what happens and what the readout is we can get from our sources. >> you wonder how much the issue of taiwan is going to be brought up certainly an important topic we appreciate you joining us this morning, kayla. >> thank you.

we'll get more on that news, of course, all day long. but right now a check on your monday money looks like a good start to the week futures are higher across the board, dow, s&p 500, nasdaq. now it's been a really strong run for stocks as of late. the nasdaq 100 up 7% in the past month. one of the best runs in had decades. small caps are up about the same as well. it might all be because bond yields remain low. the 10 year just a tick over 1.5% let's look at gold yes, gold. remember gold? gold is actually looking like it's starting to move a little bit maybe on the inflation data. gold kind of quiet trading at six months highs so is crypto bitcoin just under 67000, ether

up to 4,700 it is the best performing of any asset -- any crypto, any major stock index, ethereum up 22% is the best mover in the last month. around the world, a mixed picture overnight in asia, the shanghai composite is lower, that spiked chinese retail sales for october, topping estimates coming in strong and europe is getting the trading day started as well. more green than red on the green, they are generally higher, but not by much. sees the ftse 100 down fractionally this morning's top corporate stories including a big win for airbus and a big sale of a certain well known washington d.c. hotel silvana is here with those good morning. >> good morning, brian here we are. so president biden named former new orleans's mayor mitch andrew

to oversee the infrastructure bill biden chose him, who's a former louisiana lieutenant governor because of his relationship with leaders around the country he'll be helping to size and coordinate the infrastructure bill by working through the national economic council. airbus sales popping after receiving an order from indigo partners, which owns stakes in frontier, whiz air, and front smart. no value on the deal just yet but this is the first significant sale since the start of the covid-19 pandemic for airbus and donald trump's family reportedly reaching a deal to sell the rights to the washington d.c. hotel for $375 million to cgi merchant group. cgi intends to remove the trump name and has reached a deal with

hilton worldwide to have the property branded and managed by hilton's group we'll see you in a few minutes. thank you. >> sounds good. to your markets and money. and perhaps the answer to two big questions facing investors right now. number one, how long will this crushing inflation last, and number two, why aren't bonds or stocks for that matter, responding to the numbers? e let's talk about both with p steven whiting, chief investment strategist at citi global wealth good to have you on. >> good morning. >> good morning. what does transitory mean to you? every commodity we talk about is higher now than a few months ago. how long do you and your team see inflation rising >> commodities, again, are going to have a supply response in the coming year. tell me a year in which we don't see the oil price rise sharply and production doesn't follow.

so i think from the perspective of headline inflation, i'm less worried about the coming 12 months just look at futures prices, they're about 15% lower, 12-month delivery than they are right now. even if that doesn't happen we're going to lose a big spur to headline inflation. clearly, central bank is taking a different approach to inflation compared to the last 40 years, running labor market tights, having core services prices rise more than 3% is an underlying inflation trend that's higher. we think we've seen a lot of distortions in the economy still. look back at what fiscal stimulus was at the beginning of 2021 analyzed 13% of gdp. are those payments happening again? they're not. that spur for inflation seems to be temporary i think next year you'll have 3% inflation out of the u.s. >> that's unbelievable what does that mean?

if you're right, what happens? what happens to bond yields, equities, gold and cryptos >> if we're wrong, it would be a bigger problem if you take a look at what's happened to the bond market, the bond market has been pricing in ten year inflation just about 2.5% that's a lot higher than say the 1.8 that we had in the ten years after the global financial crisis but markets are generally taking the view this is a distorted economy, that supply and demand if changed too fast for producers to keep pace with, but that's not a long-term demand problem. so if instead, for some reason we have much more demand than the economy can supply, we're going to have a more lasting inflation than -- you know, talking about the next six months still being high. when i mentioned next year i thought about year average cpi, with a lack of follow through for some of the temporary

factors. a bigger problem for markets i will tell you this, the composition of the equity market would be different the bond market with a global yield of 1% makes us look rich so i'm not sure the bond market is going to compensate you for a great deal of inflation. >> no. and they're not. in fact, bond yields are down from where they were a few months ago when we weren't everyone talking about inflation. that's what's remarkable are we going to be low forever or at least for years, steven, on government bonds? >> we look at this environment as quite similar to the j aftermath of world war ii, government bonds at the peak, 30 years later it was 25% of dp inflation, low rates the purposefully keeping rates low for a long period of time helped with debt burdens i don't think we have to accept double digit inflation in a

bunch of sessions to end it. but it was a long-term process and certainly what's happening across the world, where yields have stayed even lower than the u.s. you can see we tapered, right. look at what the dlollar has done, it's gone up we're handling inflation perhaps better than the other outlook economies. >> i guess if you want to find one upside, what do you think it, we're the best house in a bad neighborhood or any analogy you want to say. always fun to get your views. >> thank you >> inflation is a major story, steven, thank you very much. have a great day >> thank you. we are getting started here on "worldwide exchange." and when we come back, president biden set to sign his landmark infrastructure bill into law but one analyst was way out in front of the trade and she's here with the names she still loves now. that's one of the stocks, your

mystery chart. plus breaking down the bitcoin upgrade. we have news but first, world leaders in glasgow reaching a climate deal at the 11th hour but many say that deal may be a cop out steve sedgwick has more. steve? >> reporter: was it truly historic as boris johnson called it or was it blah blah blah as greta thunberg said? wel scs "rlid'ldiusonwodwe exchange" when we return

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welcome back good monday morning. let's talk about the climate summit because after two weeks of talks, world leaders finally striking a deal but a deal not without some major last minute concessions and compromises that many are saying is a huge disappointment but what did they get done steve sedgwick is joining us from glasgow >> reporter: i think i'm the last delegate left in scotland, a beautiful day here in glasgow. i think a lot was achieved it depends how you see the success of the climate in terms of what your expectations were coming into it the final communique, what everyone is moaning about, the phraseology wentfrom fazing ou of coal to fazing down of coal

how many of you in your lifetime have used the words fazing down, noirn what that means, what the totality and significant is of that as the secretary general said as well, the fact of the matter is we mentioned coal and its future being in je opardy for the first time ever in a communique. there was electric vehicles, methane reduction, financing, bringing about carbon trading as well so i think there were lots of foundations put in place so it wasn't a failure was a success, no. when you get people tracking what carbon looks like, ie let's not see 1.5 degrees above that, above preindustrial carbon levels and climate the fact is we're in for a much hotter world at the moment but the fact they've agreed to come back next year in egypt for

cop 27 and revisit their aspirations for 2030, that's a major step forward but the nationally determined contributions they are going to and changed every five years it's the money the private sector is bringing to the table that i think is very significant. it's not them waiting for the sovereign states and whiting for xi, biden and others waiting to come up with the goods the money decided it's time to look at the transition and start financing it regardless. >> there's a lot of money. going back to the coal deal, fazing down. here's how i described it to somebody yesterday tell me if you think it's right. it's like somebody saying to their friend you got to quick smoking. okay yeah, are you going to quick yeah when later. i promise and then he keeps smoking.

is that too cynical? >> yes, it is. but that smoker that you're talking about there is cutting down from 20 a day to 15 a day to 10 a day. look at the united states, look what president trump said he was going to do to reinvigorate the coal sector on his administration and look at what biden -- actually, regardless of the differences between the trump and biden administration, the amount of coal usage has carried on diminishing so that smoker i think regardless is cutting back on the nicotine habit the same in india as well. yes, he did not want to have phase out in the final communique but the indians have promised to cut down ggressively, boost renewables by 50% by 2030. so i think the smoker is cutting back, it's how much he or she is cutting back during the day. >> talk about the money, how does it impact investors, steve?

>> i think there are two or three things here we really need to see not a lot of people talked about this and it's a bit in the weeds but already six, this is the bit where the final community investors have been crying out saying if you give us a price on carbon we can trust, then we can motivate the money so what they've done is put in effect the start of the regulations for carbon trading now, add that to the fact that the former governor of the bank of canada and england said we're putting together an alliance, the glasgow financial allowance for net zero if you can get that kind of money, talking trillions not billions, motivated towards the transition, that gets very excited on the finance front and then you can get private sector involvement rather than waiting on governments to move. >> i feel that's part of the real green transition. green meaning u.s. dollars

steve, do not go anywhere my friend i want do this to you, but i'm going to throw you under the electric bus i want to ask you about breaking news this morning. i'm going to give you the headlines and i want you to respond. royal dutch shell is making a massive move right now royal dutch shell has two classes of shares one in the netherlands one in the uk, they have a u.s. stock as well. royal dutch shell reportedly changing their share structure they are leaving the netherlands, they will have one share structure, it will be in the uk they will have one headquarters, that will be in the uk, steve. they will be based only in the uk this is a company that has been in the netherlands since its founding in 1890 in its original form and they are dropping royal dutch from the name. we know they have been under attack from a climate perspective, their board, their economy in the netherlands

you guys are getting the full headquarters of shell, as we will just call it, what do you make of the move do you think part of the move is the incredible pressure they've been under in the netherlands, forcing the ceo and the board to make some hard calls they're basically dissolving 131-year-old company out of where it was founded >> yeah. brian, you haven't thrown me under the electric bus at all. louisvill i love this story. i haven't been covering it personally but i know the man who took over. this is the new activists who want to see shell give up oil and gas or gas and oil, and want them to become greener and transform quicker. then you have the traditional activists that just want the money, the returns from hydro carbons because they are

throwing off in oil and gas. they don't want the money to go to the green transitions, they want the company to spread to two areas. so ben van burn is in the middle of the activists who want the money and the activists who want to see a more aggressive transition what he's trying to do is making the company more efficient, transparent and shareholders they can see shell shares listed and that will be one small part of answering a lot of those critics who say this is a complicated company it has too many irons in the fires. it won't end the debate of the two activists that ben van burn is stuck in the middle of. >> the name of the company is royal dutch shell and they are leaving the dutch part and congratulations, i guess, to the uk they will be the full headquarters and share listing of shell good seeing you last week,

steve. talk to you soon take care. >> yeah. imagine if like apple moved to canada or something it's not quite that, but this is the biggest and most important company in the netherlands on deck, why apple is taking a page out of netflix's streaming playbook your big money movers straight ahead. stick around [suitcase closing] [gusts of wind] [ding]

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stock stories of the day stock number one is dollar tree. hedge fund hen man tell ridge taking a $1.8 billion stake in the retailer according to "the washington journal." they want to use the stake to force change at dollar tree, including replacing some of the board. stock two, heineken. it's buying distell group. and stock three, apple taking a page out of netflix's hit show squid game maybe. they're rolling out their first korean language series, based on a comic called dr. brain it's a six-episode sci-fi thriller about a cold hearted a neurologist who tries to find clues about a mysterious family incident dr. brain coming to apple soon.

it's not just bitcoin that's head hot jon najarian is here to break down other crypto assets and nfts we'll talk about that. all as dow and futures are higher on this monday morning. #1 for diabetic dry skin #1 for psoriasis symptom relief and #1 for eczema symptom relief. gold bond. champion your skin. i'll shoot you an estimate as soon as i get back to the office. hey, i can help you do that right now. high thryv! thryv? yep. i'm the all-in-one management software built for small business. high thryv! help me with scheduling? sure thing. up top. high thryv! payments? high thryv! promotions? high thryv! email marketing? almost there, hold on. wait for it. high thryv! manage my customer list? can do. will do. high thryv! post on social media? hash-tag high thryv my friend! get a free demo at thryv.com.

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infrastructure bill. and katherine thompson is here laying out how you can invest in all that money going to be pumped into roads, bridges and more a big weekend for bitcoin as the crypto undergoes an upgrade. but how much higher can it go? elon musk going after bernie sanders on taxes what he said and how it's playing out on this monday, november 15th, on "worldwide exchange." welcome or welcome back. and good monday morning, everybody. 5:31 here on the east coast. thank you for joining us on cnbc here's how the money and investments look as we are halfway through the 5:00 a.m. hour stock futures are higher across the board. what's new lately the market is up 20 of the past 23 sessions or

something like that. dow futures up 100, nasdaq up as well but not huge gains but we are in the green nonetheless. right now you're probably having a cup of coffee or four like me. if you are a coffee lover, get ready to pay more. maybe a lot more because the price of coffee beans it has soaredrecently. now a seven year high, a draught in brazil, supply chain woes aren't helping either. if you invested in kcoffee a few months ago, you made money and higher import costs for coffee makers so watch for price increases or margin compression or maybe a combination of both now to this morning's top stories, including the latest in the legal battle over the white house's employer vaccine mandates

sy silvana is back with the details on that and more. >> the federal appeals court that ordered a pause in the mandate is standing by its recent decision they reaffirmed the move calling the mandate fatally flawed and too broad. adding the requirements exceed the authority of the federal government while it has not yet ruled on the matter, the panel suggested the lawsuits seeking to overturn the mandate would likely succeed based on merits. state and taxpayers will be on the hook for part of the bill of apple's rollout of biggal id cards. the tech giant will require states to maintain the issues and maintain the ids apple announced in june that its users could store identification cards in the i phone wallet's

app. and elon musk going at it with bernie sanders. the senator tweeting on saturday we must demand that the extremely wealthy pay their fair share period that comes as a push to help pay for president biden's social spending agenda. that apparently didn't sit well with the tesla ceo who tweeted, i keep forgetting that you're still alive. before adding, do you want me to sell more stock, bernie? say the word it comes after musk unloaded another $1.2 billion worth of tesla stock on friday. bringing the total stock sale to just under $7 billion and overnight investor michael bury saying tesla is making these sales not because he needs cash but he wants to sell his stock >> michael bury is the lead guy played by christian bale in the

big short but it's a real guy. he's outspoken and nasty tweet by elon musk >> very. >> going after somebody's policies but forget you're still alive -- >> that's a little much. yeah yeah agreed. >> a little harsh. let's be nice. thank you very much. >> you got it. president biden will put pen to paper today, signing the $1 trillion infrastructure bill into law in a ceremony at 3:00 p.m. eastern. the bill promises to reach nearly every part of the country, money for roads, bridges and ports, public transit, safe water, more power grids and more stocks have soared in anticipation of the deal would get passed by congress the global x infrastructure deal is up 36%. but there are some stocks that have done a lot better let's talk about it with katherine thompson, ceo of the thompson research group.

i remember you and i like what was it, eight years ago in re rayburn office building in washington d.c. in that closed door congressional sort of panel/hearing talking about -- with defazio of oregon talking about the need for infrastructure andly we're here are you going to take a sick month vacation or what >> i think as we said before, it's like big foot it's talked about a lot but it actually happened this time. and it took the senate and the house and every politician under the sun to sin crow tuesday their ideas to get something going. we can debate about what it took to get there, but the reality is, we have it now >> by this time our viewer s knw you as the infrastructure guru i want to show things why we say that as well

it's not just my opinion the numbers match up you were on with us earlier this year, last year and the year before and you were on recommending names that people ignored b back then. summit materials, boring old asphalt companies or use companies. summit materials since that time, up 130% in a year. 14% since you were on recently 47% jump for vulcan. huge moves congrats to you and your clients on that do you see much more left in the tank, though >> yeah. so back in the biggest bucket, the $110 billion going to roads and bridges, it's the largest portion of the $150 billion, that represents -- those dollars represent a 50% increase over the previous multiyear high, the fast act, it expired at the end

of september so we talked to state department of transportations all the tile what they tell us is this gives us visibility and when state's departments of transportation have visibility, they're planning out three, five, six year construction projects so it means there are going to be certain companies that are going to typically have 12 months visibility are going to have multi-year visibility some of the names that you mentioned like summit, vulcan and martin so summit, we think they could be a bigger beneficiary on a percentage basis but vulcan and martin are going to be down the fairway another on broader infrastructure, cora main is a company that went public this

past summer. it's done well, up almost 50% since it went public they specialize in water infrastructure distribution. that's what they do all day long so they're going to be a direct beneficiary. and one you and i talked before, it's also on our best idea series it's a company called will scott model mini, a ticker wsc they're on every construction site you can manage. not only do they benefit from infrastructure from airports to roads to water, they're going to be where anything is being built. it's a more of a reit like type name with an incredibly sticky price power. >> they may have to drop mini from their name because the market cap has soared in the last couple of months. you brought the name to us, i'm

getting hold, i think it was back in june or july-ish i was like who's mobile mini thinking about mini me from austin powers, didn't go well. they have the rental units now i'm driving by every construction site in england seeing these things. that's what they do. here's my question about the summit and vulcans of the world, is there going to be enough rocks and -- is there going to be enough of this stuff? i'm glad the bill got passed from an infrastructure persp perspective. but the companies have to buy everything at the peak of pricing. >> the trickier part is going to be cement. it's manufactured. it's like making a cake, you mix cement with water and make concrete cement is going to be an area where you can see tired availability mark marietta is currently a cement producer they have facilities in texas and

california vulcan and summit don't make cement, they're asphalt focused. but martin has a similar mix as vulcan but they have the cement plans so that's an advantage to them in terms of advantage with cement with rock, the key thing is -- this is going to get nerdy -- is when it gets to peak summer. there's a particular type of rock used for particular type of projects so that's what's going to make it tighter for those guys >> i remember in college taking geo geology, everyone called it rocks for jocks. i should have taken it thanks for joining us. infrastructure week is finally here by the way, that meeting -- >> it's the time. >> literally in congress like a

decade ago appreciate that, thank you >> thank you >> those were the days a decade ago. cheers coming up, bitcoin rolling out a major upgrade, mar began street capital laying out whether the changes can add fuel to the crypto's run. mark is back right after this.

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this is the new world of work. each day looks different but than the last.n... but, whatever work becomes, the world works with servicenow. welcome or welcome back. good monday morning it's 5:45 on a monday bitcoin is rolling out the biggest upgrade in four years.

it's called tap root and the upgrade which is fairly universal support in the crypto community has two major things, it's a bigger digital on the block chain, and it makes a feature called smart contracts smaller on that block chain. smart contracts are self-executing agreements some would call a game changer because they cut out all the middleman. joining us is mark usko. i tried to explain it as well as i could. this is a tcomplicated topic fo people not familiar with block chain or the ledger. in the simplest way you do so well, why does tap root matter >> brian, i really can't really improve on how you just summarized it. that was spectacular but in the simplest form, it's a

software upgrade we're all familiar with software upgrades and the nice thing about bitcoin and the network in particular is it didn't upgrade very often it's not like every couple months you got to get your phone to make it upgrade it's a logical, rational process of adding features and there's a thing in the software, right, you can be fast or secure. and bitcoin is the most secure computing network in the history of the world nothing has ever been more secure but it's not the most fast and, therefore, it needs some additional utility on top. so they're adding this taproot feature to, as you said, allow for the use of smart contracts, make it a little more efficient. not trying to be the fastest network but continuing to be the most secure and the best store value long-term. >> and then why does it make it

i don't want to say more investable but why should it make bitcoin more attractive for any skeptics that may still be out there, mark? >> again, really important question being skeptical about new technology is normal, rational maybe not doing the work to understand that new technology, maybe a little, you know, intellectually lazy. once you do the work and see the power of the network p it's tough not to get excited about it you and i have been talking about it for years you sound like an expert when you're talking about it, i'm so happy. and i think the thing about this particular upgrade is, it's moving bitcoin as just a base layer ledger, right, just a complete, you know, storing of digital transactions in perpetuity to enabling developers to build new functionality on top using smart contracts.

so the whole world of decentralized finance. and as you said, middle men and women and people have had a real good run for about 800 years since we were taken from single entry accounting to dual entry accounting now we have a three-dimensional ledger, a ledger run in software code think about getting lost you don't stop and ask for directions anymore, you look at your smart phone and you trust code in the same way, trusting humans as middle people in financial transactions is very inefficient, it's costly it's quite dangerous as we've seen many, many times some nefarious things go on so this is a big upgrade and i think it's going to increase the usability. >> by the way, thanks for the confidence i have to say i have a lot of smart people on the "worldwide exchange" team and others who have been helping me along and our viewers as well.

it's a true team effort, they're the smart ones i just say words. any other cryptos? the dogs, the shiba inu, do you own any other ones >> i do like ethereum. i like sewolano, but stick with the big ones the ones that are adding value and creating the robust ecosystem for the future of finance >> mark, appreciate your views as well. thank you, mark. have a great day look forward to chatting with you again soon. >> thank you, soon you soon. >> got to say thank you on the friday after thanksgiving last year, mark was on talking boin, it was 18,000 now it's 67. if you listened you're up 300%

as we head to break a check on a potential media deal. the premier leg in england set for a record sale of its u.s. tv rights comcast, our parent company, which acquired the rights in 2015 for around a billion dollars. you can watch premier league on nbc sports got tottenham. we're back right after this.

dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones today's most random but interesting thing is about a bet on oil a bet on oil going higher in the next year. so what you say, a lot of people think it's going to go higher, but how much higher? how about tripling from here or maybe more bloomberg reports there's some options activity happening now that would profit if brent crude

goes to 250 or $300 a barrel that's right more than $250 for a barrel of oil. there were options and call spread contracts that represented about 5 million barrels. to be fair, not a lot of oil but it got traded at those prices. about 8 million barrels of u.s. traded crude were at a call spread of 200, $215 per barrel those are super bullish bets on the price of crude keep in mind, they are small bets and it could be outlier trades made by a trader with more money than sense, but whatever they are bets nonetheless, about $800,000 they cost to put the bets on. bets on levels that oil has never been at before even in the crazy 2008 highs so there have been a lot of increasing trades at 100 plus dollars per barrel and more

analysts call to hit that price or more, bank of america recently called for $120 brett crude. basically million dollar bets for oil to hit more than 200 a barrel hello, seven or eight dollar per gallon gasoline. i wouldn't bet on it but some people are ran don butdom but interesting. let's stick with options actions, jon najarian, i'm going to ask you about crypto and bored apes people getting on $250 oil, what do you make of that? people got drunk and threw some trades on? >> if it was ten 10 or $20,000 it$850,000, that sounds like somebody more serious. i don't think we get there

but any pop in crude would send those contracts probably double maybe triple that bet. would you put $800,000 down to make 2.4 million i bet you would. i think that's what it is, brian. >> yeah. if i had it, but no, these are big bets and amazingly bullish by the way, that trader, if it paid off, they'll have enough money to buy bored ape, nfts, increase trading activity on open c talk you can to us about open cs, ntfs there's a lot of stuff happening. >> mark is a smart dude on crypto or digital assets even though he was maybe sounding like a max mallist, at least bitcoin and eit ethereum, which is where the juice comes from with the nfts so the bored apes thing that has

captured the fancy of the people trading those nfts, that trading has just exploded. and to see a 900% surge in volume for that tells you that, you know, it's the march of the ants it's millions of people now focused in on these nfts and the fact that they like these psychedelic colored bore apes and so forth continues to drive gas fees up, that's a usage fee for ethereum and so forth. we're seeing a lot of that right now. >> quickly talk to us about riot it is soaring. it's been a riot i guess a good riot. >> yeah, riot block chain and marathon both getting huge bets. not as big as the oil bet you that you just described. but in the case of riot, they're

buying calls that were on friday's close, at least the close on the exchanges of $50 for those. they're also buying 60 strike in mara and both of those in the pre, based on the bounce, are moving higher. >> i love it, jon najarian laying out all the stuff that's happening. we appreciate you getting up really early thank you very much. thank you everybody for tuning in to worldwide exchange. and by the way i'll see you at noon, i'm in for scott more coffee please that's at noon "squawk box" is next have a great day and by the way i'll see you at

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good morning president biden, democrat lawmakers planning a push this week on the build back better social spending plan

what to expect. later today the president is going to meet with china's xi jin jinping. plus news out that royal dutch shell is dropping its structure and saying good-bye to the netherlands. it's monday, november 15th, 2021, "squawk box" begins right now. >> good morning, everybody welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen, andrew is off today. why don't we look at your money. going to check out first with the u.s. equity futures. green arrows aross the board dow futures up about 128 points s&p up by 12, nasdaq up by