. >>> dogecoin that started off as a joke is not a laughing matter.med crypto up 1,000% year to date thanks to elon musk, snoop dogg and others. it is time to take it seriously. joining me now is emily parker, the writer of that op-ed emily, i'm not convinced i really do think that dogecoin is like digital chuck e. cheese tockens. they're valuable to a toddler at chuck e. cheese but once you leave in three years is this really going to have value >> i mean, i get what you are saying is dogecoin is ridiculous but the chuck e. cheese tokens with a market cap of $7 billion? there is some difference right? the point that i'm making is not that dogecoin is like a serious investment it is just that this is real money and reflects the moment we are in now where basically collective belief and action on social media can create a -- can really raise the price of an asset and that's what we have seen with dogecoin and what we have seen with gamestop. >> i hear you. i think if we gave 4-year-olds the power to make serious financial decisions would you like this

and where there's more winning strategy to come out of this phenomenon it could go other way and dogecoinount. >> are you sure it doesn't count? >> beanie babies, deirdre. it's digital beanie babies >> hey, hey, for a while beanie babies were worth something. >> for a while >> of course dogecoin started for a while. we don't know how long they will last, gamestop and aig this is one of the most highly valued cryptocurrencies. you can argue whether it is a cultural product a or a financial asset but with a we're seeing now suggests this isn't straightforward and it does highlight at least some of the power of these stocks or assets we'll have to call them now. >> indeed or the general reddit rebellion which, by the way, hit a critical moment last night with their gorilla style super bowl ad. take a listen. the ad says, quote, one thing we learned from our communities last week is that underdogs can accomplish anything when they come together around a common idea, end quote. on that note cnbc contributor, "new york times" opinion columnist cara swisher joins us having spoken to steve huffma

joe: how much it would be allocating to dogecoin?hael: dogecoin is fun, but i would steer people towards bitcoin, the institutional grade asset of the 21st century. romaine: do you worry about sort of a dogecoin of the world affecting the credibility of bitcoin or some of the other legitimate currencies out there? michael: no, i think it is primarily for entertainment value. hundreds and hundreds of institutions and corporations are looking at an inflation hedge and a digital asset. they are looking at bitcoin, and nobody is seriously looking at dogecoin. caroline: michael, fungicide, it is interesting also that elon has the capability of buying gold, when he put it into going more diversified, -- is there a reason why you did not go gold? michael: we went through the same exercise and studied it. gold p in august at the same time we bought -- gold peaked in august at the same time we bought bitcoin, and if we had bought gold, we would be down, and it would have been a disaster. here is the reason we do not buy gold. bitcoin is digit

dogecoin is not a serious coin.t because we do see it as being a bit of a joke and it has no practical benefits. maybe he's amassing it to have a currency for mars, but that's speculation in the reality is i don't think it's elon musk that has it but i do think he's playing three card monte. stuart: which other crypto's do you list on your exchange which you think are legitimate whereas dogecoin you think is a joke? >> will, bitcoin is the most legitimate and then you have a theory of-- ethereum which is covering a lot of different projects. there is stable coin and i think that will end up being the sort of currency of choice for quite some time in the us. you can own us dc entrance something like 10%. if you only-- owned us dollars in your bank account, you own virtually nothing. stuart: is this alternative to gold, the player against inflation, bitcoin as opposed to gold? >> absolutely a play against inflation and its mobile. try to carry around a billion dollars worth of gold, but you can do that with bitcoin so

what is your take on these dogecoin tweets, and doesn't actually matter for the business?- does it actually matter for the business? dan: you do not want a sideshow. tesla, right now, they are in a leadership position in the market, with gm and others going after it. i think that is the one thing. bitcoin transactions, be a leader. but you do not want to the sideshow. the tweets overshadow the story that is happening right now. investors, especially when you look at musk and others -- emily: right. i do want to move on to apple, a lot of speculation over the weekend as to whether apple is in talks with hyundai and kia about an electric self-driving car, both of those companies coming forward, saying they are not in talks with apple. what example -- exactly is happening here? what is apple working on? dan: cupertino initiatives. what we saw with this funding news, it just shows that apple is going to continue to pick a partner, and they are not done. we thought hyundai, vw, others. it is not a matter if they are going to go in but a matter of when. a significant initiative

you have celebrities like jim simmons and snoop dogg waiting in obviously he's making a play on dogecoin because it's a little dog but tell me what worries you and excites you about the sexual moment right now when the man is saying i am the god of dogecoin. >> anybody who is an investor or looking at the digital assets you have to realize these are speculative and dogecoin as well as others are the talk of the town right now because of the increase in price but they are speculative and you have to remember a lot of celebrities whenever something becomes popular they jump on the wave which is good but bitcoin has been years since 2009 it's here to stay and i think the staying power is a testament to the value it will bring long-term to ceos like elon musk and i think the celebrities joining in will definitely have their say as far as increase in value. long-term bitcoin is the place. liz: tell me, you're absolutely right because it's not an actual stock these names are not under the purview of the sec but ask rp says that the currency in fcc says no you're actually an investment vehicle.

for dogecoin he said the biggest owners should sell tweeting if the major dogecoin holders sell mosttheir coins it will get my full support, too much concentration he says is the issue. he followed that up this morning tweeting he will lose-- literally pay actual dollars if they just avoid their accounts, the largest dogecoin. kind of sound like bernie sanders there, don't you think, sharing the wealth and may be too much wealth is concentrated into view hands. stuart: silly did have an impact i mean, when he speaks about maybe the big guys should sell it really has an impact. susan: he always has an impact and he's the one that actually drove dogecoin up to 8 cents. remember this started out as a joke a few years ago. stuart: hard to take it seriously, started as a joke by a couple of software engineers. susan: yes. stuart: it could be a different marketplace when guys like elon musk have a real influence. susan: and i think reddit, social media has changed the landscape. that drives up the value. stuart: with did you say, producer? i mean, christie makes a good point. in elon musk

what is your take on these dogecoin tweets, and does it actually matter for the business?> you do not want a sideshow to disrupt what is happening in the golden age of ev's. right now, they are in a leadership position in the market that is going to be in the trillions with gm and others going after it. that is the one thing on bitcoin, transactions be a , leader. we've seen it across the board, but you do not want to the sideshow and some of the tweets to overshadow the story that is happening right now. that continues to be a balancing act for investors, especially when you look at musk and everything he's accomplished. emily: right. i do want to move on to apple, a lot of speculation through the weekend as to whether apple is in talks with hyundai and kia about an electric self-driving car, both of those companies coming forward, saying they are not in talks with apple. what exactly is happening here? what is apple working on? >> i think there will be a lot of twists and turns on initiate -- ev cupertino initiatives. what we saw with this funding news, it just shows tha

nowhere near what we saw in 2017 where we are seeing the retail participation in things is like dogecoin and other smaller-cap currencies that lean towards more meme-ification, but to me it's a fundamental shift blackrock is allocating to it, guiden haim. all of the make allocators are getting in. >> how long can this last when you have the likes of janet yellen, who just got confirmed as treasury secretary. one of first things said is there will be more regulation that the cryptocurrency industry should get ready for >> there's an alphabet soup of three-letter agency that already regulate the industry. we spend a lot of time on compliance in our organization, but look, i think what is happening is in 2020 it was a risk in 2021, it's a risk not to allocate microstrategy is soaring on the back of its allocation to bitcoin. it's more than doubled its treasury reserves. they just hosted an event with over 1,000 corporate treasurers in attendance. we also have nation states starting to seriously look at what role bitcoin could potential play in the futures. it's not just institutions and ret

and snoop doge with the dogecoin there. a far cry from what it used to be we used to talk about bitcoin quite a bit. bitcoin pushing up against the 40,000 mark. >>> to overseas news, china is formalizing anti-monopoly news and investors are trying to figure out what this might mean for one of its most high-profile internet companies, alibaba. eunice yoon joining us from there. good morning. >> reporter: good morning. the market regulator unveiled these new guidelines over the weekend and they're aimed at big tech these new rules are based off a draft that was unveiled in november and they're meant to stop online giants engaging in what authorities are calling anti-competitive behavior. those would include some practices that have become quite common place within the industry forced exclusivity, for example, that is forcing a vendor to choose one -- only one player where they could sell all of their goods online versus the other. subsidies for below cost services, and also price manipulation so, based on what you see with th

next thing the dogecoin situation is up, 30% in 24 hours. what do you say to that or do you say anything to that? >> sure. look on one hand, connell, it is still a joke. on the other hand if you and i, i don't know, several thousand of our friends suddenly decided today with firm conviction that we wanted to trade seashells with each other and you know, we agreed that the seashells were going to be worth whatever they said they were worth we could do that. that is essentially what happened with the dogecoin thing. it began as a joke. still is a joke. still has no value accept h except people wanting to trade with each other. i like it trading cards without the baseball players photos or stats on the back. connell: i wasn't following you closely with the sea shell but baseball cards i used to collect and -- >> you, who was to say what the value of them were? you were. you and your friends. that is my point. connell: don't get me started. should have kept or sold the don mattingly rookie at highs as opposed where it ended up at. tell you about

elon musk sending dogecoin soaring again.et to your report, what is this about me being involved about a tweet about nine susan: it's your world and we just live in it. we were talking about a video elon musk tweeted out-- there you are. actually started the video. elon musk cheerleading the cryptocurrency tweeting out, who led that dogecoin out over the weekend another celebrity judge joined in including snoop dogg, of course snoop dogg taking advantage of this. gina simmons of "kiss" tweeting he bought dogecoin because he thinks it will go up and with all the celebrity power you can imagine dogecoin went up hitting a record high above 8 cents according now worth $10 billion in market value. remember the coin started off as a joke in 2013, but thanks to social media and other reddit brigade and its actual real money, real value. are we going to run some of that video? stuart: show me, show me. susan: awesome pronunciation as there are multiple ways to pronounce dogecoin. dogecoin like the palace in venice is the way the foun

musk spoke out in favor of dogecoin.ed favorable tweets from an eclectic group of supporters that included musk, snoop dogg and jean simmons of kiss. >> i have to watch what i say here. i make jokes about this. >> he was the voice on nvidia about -- on a video about dogecoin. reddit and twitter -- it was seen why the on reddit and twitter. guy: you slightly winter weather those coins from his point of view is a bit of a joke. he alluded to the fact that is. it's an eclectic group backing it. the real question this morning is the penultimate story, which was tesla. the use case is important. if you can get a use case for bitcoin. elon musk has been a key driver of bitcoin over the last few days and weeks. now it is investing. i would like to know what their entry point was. alix: that is serious finance. if you knew had a say dogecoin before the 25-year-old on staff tutored us. i did not. when they got into bitcoin, i'm also interested in paying for a car with bitcoin. anecdotally, i have a goddaughter that is 27 and want

then you have dogecoin -- dodge-coin? help me. guy: dogecoin.ughter] we were schooled yesterday by our producers. we talk about monetary expansion being huge. you can understand why there are concerned about -- where they -- why there are concerns about fiat currencies, but i still thing we've got to solve the use case. we know musk is on board. everybody knows musk is on board. he's providing a use case. you are going to need to see other companies stepping up to deliver that. nova gretz is talking about this happening, but is actually going to happen? i thing that is the next big step forward, the use case. alix: we keep on waiting for central banks to step in and do something, anything is, they are not told to do anything yet. they are behind the curve. guy: absolutely. digital currencies are definitely coming. i think that is a huge move we are going to see with money, probably the biggest we have ever seen. we'll talk more about that next, plus the vaccine story. this is bloomberg. ♪ ♪ guy: in london, i'm guy johnson. alix steel is in new y

dogecoin does not really have a purpose.when we talk about i guess the longer-term outlook not only for bitcoin but i guess what you would call some of the more established crypto outlets, there is a lot of talk that this is a replacement for what in the old days would have been people hoarding gold or silver. is there a world in your mind where we could continue to see appreciation in crypto assets and precious metals. >> i think if we had chairman powell on the split screen, i would blame him for all of it. lagarde today said, we will keep the money coming. when you have this kind of monetary policy, people will find new ways to store value. baseball cards, basketball cards. collectibles are skyrocketing. you think cryptos are having big moves, you should see what the card market has done. he will continue to see other ways people hold value appreciate. art, wine. >> where should bitcoin v -- bitcoin be in six-month? where should colby in six months? -- where should gold be in six months? >> i originally thought bitcoin wo

that it does look like robinhood is the biggest dogecoin holder peer no elon musk has helped dogecoinhe biggest dogecoin holders that they want to sell. david: is so much easier just to hold a gold coin, just easier. susan: so not 2021, david. david: but you can bury it in your backyard. thank you. congresswoman alexandria ocasio-cortez claims the green new deal would have helped prevent devastating power outages and texas. has she seen the frozen wind turbines? remember those pictures? more on that story, the first many are still without power, millions in fact as texas faces record shattering cold temperatures and janice dean joins us live next with a report. stayed tuned. ♪♪ liberty mutual customizes- wait... am i in one of those liberty mutual commercials where they stand in front of the statue of liberty and talk about how liberty mutual customizes your car insurance so you only pay for what you need? uhhh... yes. huh... what happens in this one? seagulls. oh, i like it. how are you doing? (seagulls sounds) only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (sam)

we had dogecoin. >> 8 cents this week. ethereum paid a record high. guy arrived in big terms, big time. the millenials are out there investing first time. they're in the market affecting it. i welcome it, susan. i really do. my time is absolutely up. neil cavuto is back. neil, it is yours. neil: thank you stuart, very, very much we're watching what is going on with bitcoin right now. you're right, it is sort of a phenomenon in its own right. in and out of the high 47,000-dollar range. we'll explore what is propelling this. a lot has to do with a official blessing from elon musk. talk of apple as well could start using it as a mechanism to buy and sell things. apple gets involved. that would be a big game-changer. we're following developments as well as an impeachment trial starts less than an hour from now. welcome, everybody, i'm neil cavuto. we're watching "coast to coast." thank you for my buddy gerry baker fill

the dogecoin market has a leader of the pack.erson got 28% of all the cryptocurrency in circulation, about $2.1 billion. dogecoin was created in 2013 as a satirical homage to bitcoin. coming up, speaking to michael miebach. talking crypto and much, much more. that is next. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i am emily chang in san francisco. mastercard is launching the first card that will support the world's first central-bank digital currency, after announcing it will start facilitating crypto transactions later this year, hoping to send bitcoin to new highs. mastercard also throwing its weight behind new efforts to support black-owned businesses hit hard by the pandemic. to cover all this i'm joined by mastercard ceo michael miebach. thank you so much for joining us. i'm anxious to get your thoughts on cryptocurrency, but first i want to start with the big picture, because you have such a unique view into the health of consumers and spending trends. what trends are you seeing in consumer spendi

stay with us ♪♪ ♪♪ ♪♪ alternative dogecoin getting a ridiculous boost this morning, up about 50% andof elon musk tweet, among them, no high, nolos, just doge john, he doesn't even have to give context now he has become meme, as he says. >> just to be clear, dogecoin is nothing like bitcoin it wasn't intended to be anything like kind of a real cryptocurrency it's almost as if somebody decided to make a real economy out of chuck e. cheese tokens and then a bunch of other people decided to take that seriously, just -- anyway >> i mean, this is such a testament that elon musk has 45 million followers on twitter if he tweets a cheeky meme people really listen finally, guys, a quick mention before we go, do not miss snap ceo evan spiegel, co-founder, and he will be joining us in a cnbc exclusive after earnings that are coming up this afternoon and we'll have that interview tomorrow at 11:00 a.m. eastern right here on "squawk alley". >> yeah that will be huge, julia. along with ford, we'll be watching the f-150 production cut as they face a chips cut, and jobs tomorrow. let's get to the hal

speculation or the south sea bubble you don't know until it's finished but what is the value of a dogecoin if anyone can tell me that i might be a buyer and if anyone can tell me what the actual use of bitcoin is i understand it's theoretical uses but we're what 1015 years 20 years into development and we don't have we don't have uses well perhaps what we have thought now is going to accept a foreign payment right there that there that you through that you know they may they may have to figure out how to do that how does the buyer step in and what price is paid how do they establish a price the volatility of the asset makes it very difficult to use in exchange from $1.00 product to the other so i would love to see it love the decentralized nature of it of i think this is one of the big challenges for the cryptocurrency crowd is dealing with political issues in the future political risk with crypto currencies is i think the unaccounted for 1000000000 and it within and it's more than a 1000000000 that it's or it's a real issue with the crypto currencies to the degree that they succeed and be

well now bend the other coin that has received a lot of attention over the last few weeks has been dogecoin thanks in part to iran must tweeting about it in fact musk has tweeted that doge is under estimated now. i guess that could be true but it isn't only when really just a meme token what do you make of us about. yeah it kind of is look i think is doing a lot of stuff right now right he's moving markets in a lot of different ways i think in some ways what iran is doing is actually very bad for the crypto market in that i think he is inviting a lot of regulation about people even being able to speak about crypto currency is right because it's going to say we are trying to move markets in manipulate markets with tweets and means and those kinds of things i think some of that's coming but i will say this i think ultimately look is going to joke what was actually created as a joke that doesn't mean that it has no value value is based upon what the user of any currency decides it is worth in terms of of bartering in trade if you can make something of value and that we do that with the currenc

. >> thank you for joining us and sharing a bit of what you learned -- thank you for having me dogecoin jumping about 8:00 a.m. because, you guessed it, elon tweeted about it when asked in a reply why he loves doge so much, he said i love dogs and memes, and really, tyler, who doesn't i guess i wonder, so many people who are putting so much of their reserves into bitcoin a digital currency world $58,000 sunday night, $48now, and whatever it's worth now, that is a really volatile use of a company's capital. >> it is, but as the folks from square are pointing out, if it's 5 pushes, and that's money you're willing to risk and lose, the potential up side is significant. >> it's the secret of the gambler,know when to walk away stocks making a big comeback, the dow up 400 points. it was -- yes, it is we'll have more on this market surge today, and still ahead, johnson & johnson could be the first company to get emergency use approval for a single-shot covid vaccine as soon as this week weavthe tas teth he osdeilafr is quick break. that's a very good question. will there be an ev for me? what

elon musk has been tweeting about dogecoin. i will correct myself.n explosion of interest in the electric vehicle market and the private space market. i have some electric vehicle stocks right now. we have gregg smith with us, futuristic on a guy, a venture capitalist and likes to invest in items of the future. i will start with the electric vehicles as i understand it, you have a piece of this this clean transition corporation by the electric bus maker. you up a piece of that, is the spac? >> good morning. i do. despite the dislocation and fear in the market last week, i think we continue to live in a risk on environment and we need to see the markets work higher. i coined this the year of public venture capital and every day we walk into an incredible private company that's now being made available to retail and public investors, so as it relates to this i think it's incredible company that's being acquired by the spac. there are so many great long-term secular terms that display-- display here. this will be the year of ev space i guarantee you bef

the reason dogecoin is loved is because dogecoin is one of the most famous meme coins in the industry >> exactly. we have seen a lot of cryptocurrencies start to have the meme on their crypto. >> we had the gamestop drama a week or two ago. you said at the height of gamestop share price, that you would buy $10 million worth? did you do it? >> we already bought $12 million. $1 million in amc. and the gamestop price dropped like -- i just checked, it is like 80% or something so we only have $2 million left. >> and you will hold? >> yes. i think i am going to hold. if i lose money, i still believe this is a paradigm shift between wall street, the kind of hedge funds, deciding what would be the most valued stock in the market and the shift to this kind of community driven or internet driven, internet community driven investment in the future. >> this is the meme culture point you made, people might make investing decisions based on community or feeling rather than fundamentals. >> exactly. i believe this kind of culture, these kinds of sentiments and community, it is also a kind of fundam

i want to show you dogecoin as well, up 30%. cryptocurrency in the world and we had elon musk tweeting this, this might be what is rallying dogecoin, a dog in space. that is a dogecoin dog. plenty of flags on the moon. that is cute. valuable according to pricing. bitcoin back up after square buying $170 million worth. micro area, another campus adding a billion dollars to bitcoin. cathie wood, still bullish on bitcoin, insurance against wealth seizure i know you like. crypto miners surging on the back reflation in bitcoin and other currencies, riot, look at these advances today. stuart: you're right, i'm very, very interested in cathie wood if she and bitcoin can protect me from the wealth seizure people like senator -- susan: elizabeth warren. stuart: yes, yes. they just want to take your money off you. if the bit of coin can save me from that, i'm very, very interested. >>> listen to this, senator mitt romney says president trump will likely be the republican nominee for 2024 if he decides to run. congressman greg stuebe, repu

i strongly believe he is not really associated with dogecoin. tesla bought bitcoin. elon musk probably likes it personally. annmarie: elon musk responded to our interview saying, quote, tesla's action is not reflective of my opinion. what do you make of all of this, elon musk saying it is a less dumb form. what do you make of institutions and s&p 500 companies buying bitcoin? are you expecting to see more? >> following the crisis last year, i thought it was a thought experiment. fiscal and monetary policy would be easy for a very long time. i think that is why it has sort of become part of the zeitgeist. there is this belief that monetary debasement will continue, whether that is well-founded or not. that is the per billing narrative. that gives rise to the notion of alternative asset players. other places you can park your money when so many economies at least until recently were near zero or below 1%. equity markets were overvalued and cash paid you nothing. i think from that perspective it is quite compelling. the practical use is still pretty nonexistent. the val

susan: he says he is buying dogecoin.ckly to see what that was. no idea. apparently a lot of other people are googling it took you could say it elon musk is single-handedly rallying cryptocurrency by buying one and a half billion dollars in bitcoin. i would caution that stanley morgan doesn't think other companies will do the same. they need to be in a safe investment. i think a great example we put up there was imagine coca-cola but $2 billion in bitcoin you don't think warren buffett would be calling them saying what you doing. stuart: because you don't know the future value up bitcoin or eight dogecoin, but the man has influence. i'm watching the prompter. a virtual court hearing coming to an abrupt path. watch this. >> i think it's a filter >> it is. i don't know how to remove it. i am here live. i'm not a cat. >> i can see that. stuart: one lawyer could not turn off a filter. welcome to this brave new world. we will have that story for you, maybe. ♪♪ incomparable design makes it beautiful. state of the art technology

would you buy ethereum, would you buy dogecoin?no and now because the institutions are moving into those the same way they are moving into bitcoin so i'm looking for liquidity, institutional background , that's the depths i want and the rest are still speculation at this point. stuart: we just moved south of that further, 519 on bitcoin as we speak. we will see you soon. let's get to the boeing story. the faa is ordering united airlines to inspect all of its triple seven jets after one of their plane engines caught fire and keep apart over colorado. i think we have this on tape. debris that fell into someone's backyard. susan, some of these planes are now grounded. for how long? susan: until the sections are done by the faa and in japan grounded until further notice. united said they will remove 24 bit spelling triple sevens with a specific engine. united is the only us airline to fly the triple century-- triple seven with that engine type. thankfully no one was injured on this flight that carried 239, but federal investigators say

worth mentioning the liking of mike novagratz, a big fan of bitcoin, is critical of these tweets on dogecoinnd questions whether medium term undermine the broader crypto trend, which he's a big believer in >> look, it's a fair point there's no way you can say that these tweets have anything to do with anything fundamental in a cryptocoin it's interesting we've been watching it again, there have been all kinds of moves we've been watching recently that don't make much sense just on a fundamental basis. >> to me it raises the one point that ray dalio keeps raising over and over again. there's an unlimited quantity of these coins. we talk about them as limited in supply bitcoin unto itself is limited in supply, but the more and more we start talking about other coins, it raises questions about, quote/unquote, the supply because there's obviously the opportunity to make an unlimited amount of different types of coins. >> i totally - >> like chuck e. cheese coins. >> it's not unsimilar to silver and has active short positions on it so it raises the question as to whether this is a good short-term

that's something we'll talk about next meanwhile, popularity of viral assets like gamestop, bitcoin, dogecoin, are these the names you should by investing in at cinupext. >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. >>> the state department is revealing a new policy in response to the murder of jamal khas khashoggi. it allows of u.s. to bar anyone working for a foreign government who is believed to have threatened or harmed journalists or dissidents. in fact some are getting visa -- >>> and a new policy is being announced alongside a release of a new intelligence report that concludes that the crown prince of saudi arabia approved the plan to assassinate could showingist >>> bank of america and jpmorgan chase, the first big companies to offer paid time off to employees who get vaccinated against covid-19. >>> beer fans, look away barrels of german beers worth millions of dollars going down the drain, because they have reached their sell by dates. apparently the pandemic called weak demand. the owner you have one brewery calls it soul destroying i think that's

meanwhile dogecoin is having a moment with elon musk nancy it would have its full support if -- dogecointy recently as part of the same movement that sought investors by gamestop. prince harry meghan markle are expecting their second child. of the duke duchess of sussex sharing a picture on social media as they are already parents to son archie who turns to this may and they currently call california home after stepping home-- down from their royal duties last year. jackie: i wonder if this time they will have a girl. i'm a sucker for little girls. thank you. china's role in covid-19 conspiracies, the associated press publishing a nine-month long investigation indicating china played a role in spreading misinformation about the deadly virus noting after china's foreign minister spread rumors of us development of the virus in march, #about the rumor was spread 314 million times on the chinese social media. this as the head of the world health organization mission investigation that investigated the virus says covid may have one more widespread in its early days claiming there were more th

dogecoin is up 60%. >> no shorts he's destroyed every short tesla.n't need to do it with twitter. >> yeah. i think he's just enjoying himself. >> i think there's a real question to be asked, is he actually buying bitcoin? i'm not sure that he is. i don't know that he's fwieg dogecoin or not. i'm not sure whether he's buying something. i don't know why people are popping the currency it goes to the whole issue of manipulation and responsibility that we all have, especially those who have a voice at a time like this and i think we should have a longer conversation about that i know we've got to go >> luckily, we have a guest coming up who can talk about just that. when we come back, senator amy klobuchar will be joining us to talk antitrust regulation and big tech she may have a sense on this dow futures up by 34 points. s&p up by 6. s&p already up three days in a row. nasdaq up by 2 points. this morning up by 56. we'll be right back. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv ser

. >> so you can't borrow against a d dogecoin wallet?t products out there delano you don't want to give that up if you pay tuition or get a home loan. >> for long term holders that want to keep their coins and land or be able to borrow based off of that and the price is volatile but this is that steady interest rate for the bit lender that is interesting. long term for myself, i'm a holder long term and bitcoin as much as progress as previous in this show. this is another area where we see more adoption. the guests say there is adoption and interest from int stitution investors. i'm curious how it turns the product and how long term holders see appreciation of them. >> if i'm jamie diamond or bank of america guy, this is an interesting area. >> when you know they absolutely are, b.k., brian kelly that wrote the book on this literally in 2014, he recently said that gold is about a $10 trillion market cap commodity if bitcoin garnered 20% of that, do the math. it got to a trillion today and i can double 50,000 so a lot of people think a 20

i would not -- >> you would -- >> i would not be willing to accept dogecoin. >> and others may b ande, and i feels like, harvey pitt, and trains in the 1940s, and you have train company, and you get down to two or three winners and some go away, and you know mr. ginsler personally, and he has made bitcoin comments in the past, and he seems crypto-friendly, and what you do is the hallmark of regulation with the ginsler s.e.c. >> i think that the comments that he has made in the past are not necessarily indicative of what he is going to do as chairman. as chairman, he has to consider the responsibilities of the agency, and he'll be speaking in an official capacity. i also think that there are his fellow commissioners that he will want to talk to andhe feell of this, and as lisa said, there are people who could get hurt on this, and if there is a system of crypto currency, and what that could be, and i could say that you could flip a coin as to who will recommend it, and pun intended, but in the end, there'll have to be a governmental response to this. the treasury has issues, and the fe

it's not dogecoin. it's not tilray. it's just boring but that's good.oke clears, boring will still be there. >> the smoke clears, i like that by the way. >> you like that >> talking about the cannabis stocks going down today after they went up yesterday >> you killed it by talking about tilray yesterday. >> i had nothing to do with anything having to do with these stocks >> i tell people when he tried to take money away, i talk about jack ma. >> he was out playing golf, jack ma. >> and the tiktok deal, it still could be on. >> yes. >> but if it's not, you know there will be an ipo >> apparently the government has, they're not concerned about tiktok divesting u.s. operation, they're focused on software and data security and whether that's a larger issue >> that's been the issue all along. >> you've been saying that's going to be the issue. >> it's been the issue from the beginning. >> can we talk about tilray so they will get rid of it or is it going to be with us? what do you think, jim >> to be determined, i'm told by our executive producer we should p

maybe we'll start with dogecoin. it is something that you have to pay attention to, i think.ey think bitcoin is something they will consider seriously inside their network if you have an asset at this point, i'm not sure if you'll be able to spend it but if it becomes an exchange folks want to use to buy their pelotons and sporting goods and outdoor, we will have to consider it >> i'm curious to know, max, obviously this is becoming a very top priority question for corporate leaders whether or not they're willing to invest in at least bitcoin on the heels of the 10k out of tesla so far uber, gm this week, paypal last night on our air said not yet i wonder are you sensing reluctance at least on the part of enterprise companies to doing this directly? does it remain a consumer story in your mind for now >> you know, again, i think it's a slow but steady waking up process where corporate players are saying, all right, it's very real it's well past the idea of being excited about. everyone is looking at it and asking the question is this an investment class to consider, is this a

we're seeing as this sort of a sideshow, dogecoin.lf decade financial establishment really turned their noses up at crypto but we're seeing crypto have long term you know, security and it is always good to diversify your portfolio. really telling you that the u.s. dollar in the long run given the realistic likelihood after credit crunch in the coming years, it is unwise to diversify into crypto, millenials don't think so. it is time for older generations to taking us more seriously. charles: i think so. they will have to stop fighting you, take taking you seriously and change the rules. i love your take on these things. georgia democrat ossoff is the only millenial senator. millenials 22% of the population. only 9% of the house of representatives. will your generation get a chance to call the shots? or will it have to wait for the older generations to fade away? >> on one hand, funny that the generation gave us forever wars and gave us the debt crisis are staying in control. that is precisely why they stayed in control. president trum

look at some crittoe cure recognizer sy other than bitcoin was, dogecoin.s made out after dog as a joke. celebrities are pumps it for the sake of pumping it. it is valued $8 billion. i think government or sec getting involved is very high. i think any of regulation will stir the pot. once that hurdle is gone, it is off to the races for bitcoin. charles: shah, you still like financials. they're starting to live up to the height-hype. you talked about the broadening out here. do you have, is there a favorite name that one really is in because one thing about you, shah, i can give you props right here, you get our viewers into the names before the street gets in over and over again. what do you have for us now? >> i have one at the top of my list is pet med express, charles. i love this company. the company is doing very well. it is a small cap, 750 million-dollar cap. does about 300 plus million dollars in revenue for a 750 million-dollar cap. that is fantastic t makes money, $30 million a year. sitting over $100 million in cash. zero debt. yield 3% on its di

[laughter] liz: yes and with exar pete and dogecoin. >> and on that note can i buy silly bands with bitcoinill have for my kids being in sixth grade when i had to go to the middle of the night and grabbed the newest one. were down six points. how to play the world of opportunity when it comes to oil and commodity. expanding beyond the u.s. we're coming right back. ♪ some say this is my greatest challenge ever. governments in record debt; inflation rising and currencies falling. but i've seen centuries of rises and falls. . . t-com hype. watched mortgages play the villain beside a true greek tragedy. and now here i am, with one companion that's been with me for millennia; hedging the risks you choose and those that choose you. the physical seam of a digital world, traded with a touch. my strongest ally and my closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... - i sent your new prescription to the pharmacy. - any idea how much it will cost? - [doctor] i recommend goodrx. you get free coupons to save on your prescriptions. -

another crypto-currency called dogecoin, which was started as a gag, has gaped about 1,500% of its value in the last three months. elon musk, the founder of tesla, tweeted about bitcoin, writing, quote, an email saying you have gold is not the same as having gold. you might as well have crypto. money is just the data that allows us to avoid the inconvenience of barter. that data is all subject to latency and error. the system will evolve to what minimizes both. spoken like a millionaire that never touches cash. money is not data. it's legal tender for all that is public and private, says right on the bill. what is going on with these crypto-currencies? is this something we should be concerned about in terms of possibly gaining legitimacy as, like, actual money, money, as opposed to, like, online monopoly money? >> well, we are seeing -- what was happening with the runup of bitcoin is it surged after musk tweeted about it, you know, about a month ago, but also we're seeing institutional investors, speculative funds for the moment, buying up bitcoin, driving up the price, because there's a

musk has been a bitcoin evangelist, dogecoin and like.erational difference when it comes to frenzied stocks, when it comes to gamestop and amc. there is different perception how to invest and value between baby boomers like me and millenials. like you, younger people in general. i think there is a demographic clash here. that is what is going on. susan tell me more about coinbase. susan: yeah. stuart: that is, bitcoin, the largest bitcoin exchange operator. i think they're filing for an ipo on the nasdaq. what -- susan: direct listing on the nasdaq. they're not raising any cash here for the world's largest cryptocurrency exchange. going direct. they're give be opportunity for early investors and employees to sell out and cash out. no dates on this listing just yet but we have expected it for sometime. if coinbase values itself at roughly $100 billion which many expect they will, coinbase would be one of the largest companies to go public since facebook in 2012. it will be even bigger than uber when they went public. that is more than 10 t

but the fact is that tesla bought bitcoin and not dogecoin. i think he likes it a lot personally.ed it in a long time ago and we added futures recently because of the new demand on liquidity. we go where users go. haslinda: the binance founder and ceo speaking to bloomberg. the biden administration says it is willing to meet with iran to try to save the nuclear deal that former president trump abandoned. this is bloomberg. ♪ haslinda: the biden administration says it is willing to look for a diplomatic way forward with iran to try to restore the nuclear deal that president trump abandoned. what is the white house doing to resolve the standoff with iran? >> the state department spokesperson said yesterday that the united states would be willing to attend a meeting with the p5 plus one, the permanent five members of the security council plus germany on one side and then iran. the u.s. has also used risk -- has also eased restrictions on iran envoys in new york city. the u.s. has also sent a letter to the security council withdrawing donald trump's call to reinstate u.n. sanctions. a