this yacht well you know it's actually i was also invited i just had no time to go no need for lamborghini you know what i will not i will not i will not then spread rumors about what went on on this yacht and nothing illegal but putting us drive again extravagant i was told but thank you so much for being with us all the felled by the c.e.o. of smart valor and the big calling queen of switzerland thank you all. and as we were just talking about the exciting world of crypto currencies we do that all the time on the program for your regular boom busters who watch and the future of money certainly includes crypto currencies some say it might even be paper money might be obsolete rendered useless in the future but just because we talk about kryptos all the time doesn't mean that crypto currencies on are on par with other institutional investment opportunities they're not so we take just a little time here at the end of the week to warn people to be careful the other day when we were doing a segment on crypto as we shoulda showed a couple of photos of the lamborghinis expensive and cool lookin

i've never seen this many lamborghinis, the assumption being that they're owned by the crypto boys andhey're owned by the dealership >> a little temptation >>> speaking of the consensus conference, that's where we find sima modi. the fed is now weighing in on bitcoin. tell us about it >> reporter: hey, tyler, before we get to the fed, those lamborghinis serve as a reminder to everyone here that despite the 35% drop in bitcoin in 2018, still a number of people made some pretty nice money on bitcoin in prior years but it's not just the crypto bros that are here, as you mentioned. the fed is no longer ignoring bitcoin. st. louis fed president took the stage in front of a packed house of cryptocurrency enthusiasts. i asked him whether the fed at some point will launch its own coin here's what he told me >> well, we can certainly look at that as a possibility and there are different parts of the fed that look at all kinds of applications of block chain technology, but i wouldn't say there's any plan at this point or anything imminent my own personal opinion is i don't, at this point, i don'

pay some of the attendees were obviously the newly crypto rich a few even pulled up in luxury lamborghinis here discuss the state of play in the crypt the world is a very big name in the world crypto currencies jeffrey tucker the editorial director of the american history for economic research jeffrey thanks as always for joining us you go to so many of these events i imagine you get tired of them but this one in new york city seems to have a few notables including fred smith the c.e.o. of federal express has said that block change has been the potential to completely change everything jeffrey logistics like that x. and other transportation seem to be like the real natural place for block change to evolve is that what you're seeing and what are the other areas. well you know anything that requires documentation recordkeeping immutable records audit trails which is basically all human relationships can be blocked change in fact we're all going to be blocked chained you know and ten years of this is what's happening token as they let the whole world be tokenized as far as five. that i love t

>> both of these cars -- >> it's a lamborghini. >> a lamborghini and a pontiac both of these have no to go but up. both of them are highly collectible. they tick all the boxes for what would make a good investment grade car and they're ready to go >> this is a lightly used 2008 lamborghini model. what would you expect this to go for? >> well, you know, these cars sold in the $300,000 range its value right now is about $225,000, which is not a rapid amount -- a huge amount of depreciation it's going to go up from here. >> ten years, what will this be worth? >> more than double. lamborghinis have been hot for the past few years the ones from "cannonball run" these are the first cars that had italian style but german engineering. >> what's the carry when you have to maintain -- maintenance every year, garage every year. what do you have to assume it's going to cost you to hold it >> well, it's not bad. i know a little bit about the insurance in this space so the insurance is a remarkably affordable here comes robert. but the deal with these cars is that this is an italian style car with

he is going to throw into rolls-royce is, a lamborghini, a yacht, a years worth of dinners michael klare: welcome, everyone. i'm going to speak tonight about the major themes of my book which is "the depletion or disappearance of the world's vital resources." the resources we depend upon to supppport our modern industrial civilization and about the scramble to procure, to secure what's left in the world of

. >> so to experience it, we set up the first ever lamborghini land/sea challenge he will race it on the causeway. i'll race the power boat on what's called the government cut. this is the ultimate super rich super race we've got ge we've got gene. >> the water we hit around 80 miles an hour. on land, he had a big disadvantage. >> traffic a police car busted >> and while i may have baeat hi in the race, the truth is the guy who owns the boat and the ca are is the real winner >> 6 clear clearclooer cl . >>> hi everyone. now any can think, should we be afra afraid making houses cheaper faster and exactly the way you want them. but there is a catch shalterring myths, women in the workplace. >> if you're getting married and not at windsor castle, how can you make sure nothing goes wrong. >>> the support of pickle ball, strange name, but it is booming. >>> "on the money" starts right now. >>announcer: this is "on the money," your money, your life. your future. now, becky quick >> we begin with the robot revel lug, don't look now but it's here robots at work are getting more agile, faster

top speed of two hundred ninety kilometers per hour i know wonders whether porsche ferrari and lamborghini should be afraid of the grand sport. it's a sight to behold even when stationary. and. the corvette grand sports awesome appearance is guaranteed to turn heads it's a hybrid of the base model c seven sting ray which donated its engine and the high performance z o six version whether it's wider stance. the regular corvette is itself a rare sight in europe but this version with an almost nine centimeter wider body is truly exotic the interior has an array of details fashioned from carbon fiber then there's the upscale napa leather upholstery competition sport seats with red safety belts and a sizeable display in the middle of the dashboard. drivers have never sat in a corvette before might wonder where the door handles are well instead there's this recess just put your fingers and press the sensor get seated and get going. in the past they called it inside the corvette feels like it's tailored to you eight inch digital cockpit has a range of custom settings that includes a little symbol

if your lamborghini, porsche, you can survive. those are part of volkswagen. you can be an independent, ferrari is a better example. you can be a standalone. when you are a premium luxury brand, it is a challenge. they have been playing catch-up for 90 years. they are never as big as mercedes and bmw. they cannot get the pricing out of it. you do not have a nice enough vehicle to compete. geely has given them the courage to push hard, and aim high. the first time i drove one of them, i thought can i spend thousands of dollars on a chinese suv, and maybe. carol: is this a story about the revival of volvo, or what geely wants to do globally. >> the idea, to be that big, whatever the next ford or gm of the 21st century is going to be, it is in that sense more about geely. volvo gives us the insight into where they want to go. what is the most advanced part of this still forming geely empire and effort. in 2010, little tiny geely bought volvo and made it work. now, they are starting to new brands. they are trying to take on test love with super high-end electric c

for brands that are in between like that, if you are smaller, if you are lamborghini, porsche, you can survive. of course, those are now part of volkswagen. you can be an independent, ferrari is a better example. you can be a standalone. if you are super high-end and high-margin, but when you are a premium luxury brand, it is a challenge. they have been playing catch-up for 90 years. they are never as big as mercedes and bmw. they cannot get the pricing out of it. they tried to save money, and you do not have a nice enough be a goal to compete on that. geely has given them the courage to push hard, and aim high. the first time i drove one of them, i thought can i spend $70,000 on a chinese suv? maybe. carol: in reading your story, is this a story about the revival of volvo, or what geely wants to do globally? in terms of dominating the world when it comes to vehicles. >> you are right. the idea, to be that big, whatever the next ford or gm of the 21st century is going to be, it is in that sense more about geely. volvo gives us the insight into where they want to go. in what is the most

he drives a lamborghini and is everything palm beach hates but now they've come to see the invitation is incredible. >> host: his wingspan is gigantic in the sense that you saw so many working class and citizens vote for him and maybe it was in contrast to hillary clinton. we may not know that. but some very wealthy people with ordinary americans, what do you think about that >> guest: he is a patriot and when the national anthem was played i think if designated what people thought was a heartfelt feeling that most americans have and at the same time, he is very candid and will make these remarks he will say i didn't get anything out of them, so he is appealing and people like that as well and that is different from hillary with such disdain being assigned to detail was considered a form of punishment. the first family detail was that they treat them with respect. i asked trump how do you like being protected by the secret service and he said it's wonderful. 20 agents and i will be playing golf and they are all looking different directions and if i miss a shot, they don't see it. and

the price tag includes a hard top in a convertible as well as a lamborghini roadster.t yacht with five years of docking fees on the hudson summer stay in the hamptons mansion. that is not all. also a years worth of weekly dinners for two at the restaurant. a pair of courtside season-ticket to the brooklyn that in the year services firm private chef. they burgeoned but spaceflight. why is the seller doing all of this? he tells "the new york post" someone not for nader can appear in having your courtside style and point of view. cheryl: i am perplexed by this. is it itself for the 85 million? >> he's trying to throw in some other things to make it more enticing. it was on the market for a while. >> they say it's a new yorker essay style. it wasn't quite like that. tracey, thank you. coming up, liz claman has said omaha for the gathered at the berkshire hathaway were warren buffett praised president trump. >> a new change in a very important expense. it is benefiting almost -- audio mark gerri: thank you from omaha. it may look like a scene from the titanic but it's actua

so i think next year they'll be selling around 1500 of these for the year i was skeptical when lamborghinih an suv when h maserati came out with an suv. >> the car, it is over >> yeah, it is over, but, but, you know, the fact is lamborghini has already sold out of the its suv at $225,000 even though i was skeptical there would be enough people wanting to pay that much for an suv, the demand seems to be there and the question will be where is the top and, you know, the bentley, so far there just seems to be insatiable demand, no matter how expensive, now matter how big and no matter from what producer. >> is the only thing that can stop this trend higher gas we're talking much higher gasoline prices or even -- listen, i get it, people say you can fit more car seats in the back it is easier for people when they're older to get in and out of the car is there any reason people will buy sedans again >> everyone thinks when gas prices go up, everyone will run back to sedans and away from suvs that's true ten plus years ago, there was a big difference between sedan and suv fuel efficiency there i

they stress that he doesn't wear the traditional rolls-royce, he drives a lamborghini. he posts about his money. he's everything palm beach hates but now they've come to see that mar largo is incredible. >> the span is gigantic in the sense that you saw so many working-class and ordinary citizens and maybe it was in contrast to hillary clinton, we may not know that, but from very wealthy people to his residence with ordinary americans, what you think about that? >> on the one hand, he is a patriot. the fact that he attacked colin kaepernick over the national anthem debate but those are very heartfelt feelings that most americans have. at the same time he's likable. he's very candid and he'll make these snide remarks. he's a appealing and people like that and that's quite different from hillary. cia felt that being assigned to her detail was a punishment. trump treats them with respect. i asked how do you like being protected by the secret service but he said it's wonderful. i'll be playing golf and they're all looking in different directions and if i miss the shot they

>> you have lamborghinis, and you got ferraris, but the american sports car has always been the corvetteoing... >> do you think that helped him get through very difficult times at war? >> absolutely. >> ...the decision that vexes his heir... >> it was the most difficult thing i've ever done in my life. >> ...the ultimate for vette collectors... >> it was an urban legend that there was this impeccably original, pristinely kept 1967 corvette. >> we got three, four... >> ...and a mystery on wheels. >> something is fishy

instead he drives a lamborghini. he is everything that palm beach hates, but now they had come to see that, an invitation to mar-a-lago is incredible. >> host: so his wingspan is gigantic in the sense that you saw so many working-class and ordinary citizens vote for him, maybe it was in contrast to hillary clinton, we may not know that, but some very wealthy people, as a wealthy person to himself, with ordinary americans. what you think about that? >> guest: on the one hand, his theme that people feel very strongly about, he is a patriot. the fact that he attacked capron act over his kneeling -- colin kaepernick overseen with the national anthem played resident with a lot of people. of course that was after the campaign but those are very fair heartfelt feelings that most americans have. at the same time he's likable, he's very candid. he will make these side remarks and, for example, with the chinese leader, he was like i didn't get anything out of him. he is a peeling and people like that as well and that's quite d

marketers seized on the event showcasing lamborghinis.re was a parody protest organized by bankers against bitcoin. a tongue in cheek way to remind that disrupting force block chain could be for wall street. james bullard spoke and did not bash bitcoin. instead he acknowledge that had digital currencies are here to stay even though is it not think bitcoin is a threat to the u.s. dollar. >> we think it's very interesting and of course there's been a lot of new issuance of cryptocurrencies so we're keeping an eye on that. we want to be very engaged and thoughtful about how this proceeds. >> reporter: still, noteworthy investor barry sill verizon sees more money going into cryptocurrencies. >> as finally discovered crypto and i think there's a tidal wave of capital that's about to flow into this asset class. >> reporter: and as if on cue, hsbc making new advancing its first trade finance trans, using block chain which involved a shipment of soy beans from argentina to malaysia. we're seeing more companies put block chain to use. >> thank you

>> not at that price point but we have seen lamborghini, we have seen maserati, jaguar, alpha row mayld out for the next two years already. >> this car, the $20,000 deposit, they have hundreds and hundreds of orders even before it was announced >> we want to trade on the super rich stocks. talking about the rich getting richer, these names have been doing quite well ferrari, callaway golf, sothe sotheby sotheby's, you're covering a big auction, the auction business is very good these days. >> it is insane. i just came back from christie's, finishing the rockefeller sale, there are things going for ten times the estimates. next week will be the big pulse of the market, that's the regular nonrockefeller sales so far, these auctions have been incredibly strong. no end to the number of billion narz thbillio billionaires that want trophies. >> i'm long sotheby's. i'm short ferrari. you shouldn't price this thing as an automaker. it is a luxury manufacturer. but i still think the valuation is absurd even though they -- i've been short the stock, it hasn't been a great short. the valuation i

two rolls royces, a lamborghini, a yacht, weekly dinners at a steakhouse, a pair of courtside season chef. [laughter] and there's more! kidding, that's indiana amazing deal. -- an amazing deal. hell's kitchen is not as bad as the name applies. >>> george harrison's first electric guitar will be auctioned off later this month. he played the guitar when the beatles were performing in liverpool back in the day as a quarry men. >> that's right. charles: the guitar's expected to sell for as much as $300,000. i thought it would get more, we'll see. >>> disney partnered with mit and carnegie mellon to create a jacket, it's called the force. it's lined with airbags that are controlled by a computer. the airbags have sensors that send vibrations to specific locations in your body. it's designed to be used with virtual reality headsets. so it can simulate a hug or being punched, even give you the sensation of a snake slithering across your body. >>> quell, house intelligence -- well, house intelligence committee chairman devin nuÑes says jeff sessions should be held in contempt of congress, ju

owner of 85-million-dollar duplex penthouse west side of meant you get two rolls-royce phantoms lamborghinillar tickets to fly to outer space on virgin galactic, the owner says a chance for somebody not from the city to live a luxurious new york lifestyle how we all live and work. >> [laughter] >> go got you -- >> space a rolls royce. >> -- far as don't get a parking ticket who cares gladly take one was cars park in my garage. >> a good deal here. >> thank you, cheryl coming up hundreds of cities apply to become second headquarters for amazon, what happened to the one rejected changes in those areas after retail giant pointed out what it did not like in roughly 10 minutes speaking exclusively with ceo of oracle special guest, back in a moment right here. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tr