i want to thank laura thomas for your comments. i want to continue the conversation with you, because i don't think we should be pitting methods of treatment against one another. and you know, as we think about the emotion behind addiction, emotions -- the emotion behind recovery and trying to understand why it drums up a lot of these feelings of what -- we're against one another. it's not that. i think for addiction or anyone who is an alcoholic, an addict, sat through 1,000 alanon meetings because your family members are, and you know if your brother does one more of a certain drug, a drug of choice, it could be his last. when you know your sister takes one more -- could lead to her death, you know, when you feel that emotion, when you have that pain in your life, when you know what addiction can do to people, and you know addiction is a disease and people do things under the influence of alcohol and drugs that they would never do sober, and then, they get in trouble for it, and its know -- they're not bad because they have a dis

i want to thank laura thomas for your comments. i want to continue the conversation with you, because i don't think we should be pitting methods of treatment against one another. and you know, as we think about the emotion behind addiction, emotions -- the emotion behind recovery and trying to understand why it drums up a lot of these feelings of what -- we're against one another. it's not that. i think for addiction or anyone who is an alcoholic, an addict, sat through 1,000 alanon meetings because your family members are, and you know if your brother does one more of a certain drug, a drug of choice, it could be his last. when you know your sister takes one more -- could lead to her death, you know, when you feel that emotion, when you have that pain in your life, when you know what addiction can do to people, and you know addiction is a disease and people do things under the influence of alcohol and drugs that they would never do sober, and then, they get in trouble for it, and its know -- they're not bad because they have a dis

i want to thank laura thomas for your comments. i want to continue the conversation with you, because i don't think we should be pitting methods of treatment against one another. and you know, as we think about the emotion behind addiction, emotions -- the emotion behind recovery and trying to understand why it drums up a lot of these feelings of what -- we're against one another. it's not that. i think for addiction or anyone who is an alcoholic, an addict, sat through 1,000 alanon meetings because your family members are, and you know if your brother does one more of a certain drug, a drug of choice, it could be his last. when you know your sister takes one more -- could lead to her death, you know, when you feel that emotion, when you have that pain in your life, when you know what addiction can do to people, and you know addiction is a disease and people do things under the influence of alcohol and drugs that they would never do sober, and then, they get in trouble for it, and its know -- they're not bad because they have a dis

first, i also want to acknowledge laura thomas. we've had a long-standing relationship when she was with the drug policy alliance. we value her work. i don't know why i feel i have to continue to say over and over again. nobody is saying stop doing harm reduction. what we are saying is it appears our values are different. i'm no different than the guy at hyde and jones with a syringe in his arm. i'm now in a leadership role, overseeing staff and had somebody left me there, i wouldn't be sitting here. we believe people can change. because we changed. was it fun? no. but thank god somebody cared about me enough to tell me the truth about my life! the judge who sent me to prison last is a friend of mine. it's incredible to me that if you had a son or daughter dying on the streets of san francisco, that you would not be interested in an all-hands-on-deck approach to get them off the thing that was killing them! it's shocking to me! it turns into this conversation about we want to respect the dignity of people using substances, of cours

laura: credit suisse's posting a lower-than-expected loss for the fourth quarter. it is a relief for ceo thomasr a tumultuous first year in charge. results against key divisions of the bank were better than forecast with long bus provisions lower-than-expected. it sobbed big hits from u.s. legal charges and hedge fund investments. bitcoin's rally shows little signs of slowing down, with the token jumping past $52,000 for the first time. for the crypto faithful, it is a sign the digital asset is grabbing mainstream attention, but for some, it is emblematic of the froth and financial markets and they are waiting for volatility to die down. >> stability is guaranteed in the end to the concept of a stable coin because it is backed by an asset. here's where you come to non-asset-backed cryptocurrencies. you are talking bitcoin, you talk a range of others. right now, with the lack of stability, fluctuation of prices make them not usable from a payment perspective. laura: that is your bloomberg business flash. matt? matt: laura wright in london with the business flash. let's get back to the markets. h

thomas about some of that vaccine nationalism. let's get a bloomberg business flash. here is laurarobin hood has adjusted the rules buying gamestop stock and amc. they temporarily caused a -- with the traders. gamestop has plunged 80% with amc down 50%. snap shares are down. step chats owner is warning to changes in growth because of apple data collection rules. investors are concerned the gains are unsustainable and growth might slow as lockdowns are eased and people use their phones less. the biggest technology ipo since uber, a short video startup backed by tencent, has raised $5.4 billion. it skyrocketed at its debut opening. that is your bloomberg business flash. >> thank you very much. laura wright in london. european oil earnings disappoint. the ceo of bp says 2020 was a brutal year and the ceo of shell said 2020 was painful. we will discuss what is causing that discomfort. this is bloomberg. ♪ matt: welcome back to bloomberg markets. we are 19 minutes away from the start of cash trading. we see stock futures up in the u.s. and the -- and the u.s. dollar down. i want to get

great trepidation these these developments thomas andrews we thank you very much for speaking to us from washington d.c. it's my pleasure thanks for having me. laura baron malley has more on cheese turbulent relationship with the military. she was once considered a beacon of democracy who stood up to the country's powerful military leaders now that military has seized control and arrested her replacing her with a military general it says the action is legally justified but many reject their concerns as an institution that the election results will trigger government policies that will weaken the military's power in the system i think everyone in myanmar understands that that they're using the law to their advantage the coup is a culmination of a turbulent relationship between suchi and the military that's been going on for decades suchi is the daughter of the late nationalist leader aung sun and she spent much of her youth overseas. she returned home in 1908 when she joined student that protests against the military the taken power in 1962. the movement was crushed and hundreds of protesters killed. a year later she was imprisoned in her family ho