you will see more novation happening all over the country.ll investors out there, when i talk about this, part of this is almost a point about fairness and leveling the playing field. it is one of the great investment opportunities of all time. someplace like silicon valley are much higher than if they were in other parts of the country from an investor standpoint, it makes sense to focus on what is happening everywhere. not just with what is happening in your own backyard. emily: we can always come on you to give us a bigger picture of what is happening around the country. thanks for stopping by. coming up, how the streaming wars have moved from the screen to the speaker. we will talk about the latest experiment next. this is bloomberg. ♪ emily: the fintech startup revolution is planning to start up -- to offer commission free trading. launching money transfer and budget services in the u.s. last year. it is one of the well-funded fintech's muscling into areas once reserved for banks and brokerages. the streaming wars continuing to stay hot

it has been a couple of days of intense selling, if you look at the ark and novation etf, or the nasdaq etf that tracked the index. crucial to talk about the selling pressure, especially as we are at the end of the month. let's go back to apple. supply chains are crucial. we are talking about that -- actually, we have a different chart. i'm going to send that to the end of the hit. let's talk about momentum and the bio space. when we go to the sector basis, it is biotech, semiconductors, electric vehicles even. after the back steam surge after the market crash last year, it ended up losing the momentum. that is what you are seeing in the white line. let's see if the pattern continues or if the new booster shots help biotech regain the steam. emily: thank you for that roundup. u.s. regulators leaning towards authorizing the half dose booster shot for moderna's covid vaccine. the fda is satisfied that the booster is affected in ensuring that protection. the u.s. has okayed the pfizer biontech shot in its full dose form. josh wingrove with us now for more. you broke this story. what does t

means chairman richard neal >> our attempt is not to redistribute wealth or blame successor cushion novation, but to broaden opportunity >> reporter: yesterday afternoon's committee vote f fell along party lines democrats have to negotiate within their own part with big disagreements with the house and senate >>> in corporate news, moderna releasing more data in the study of the covid vaccine the finding support for a push of wide use of booster shots moderna found breakthrough cases of vaccinated people getting covid happened less often among the trial participants who were recently inoculated. >>> in the meantime, check out the video of the all civilian launch the inspiration 4 crew lifted off from the kennedy space ce center the team will spend the next three days orbiting thie earth t 360 miles above the planet no american has been that far into space in more than a decade the crew will return to earth this saturday where they are expected to land in the atlantic ocean off the coast of florida brian, are you itching to get to s space? >> i would do it 100%. i know morgan brennan is ahead

anything that helps drive more novation, more job creation and in more inclusive way bring along morewould be a good thing. things that end up undermining that would be a concern. emily: you paused your story -- your store because of covid but you are still accepting applications from startups. i believe you stopped accepting but you have been accepting submissions and you are about to announce some winners. what are the trends you have seen in the start up supplying? any new fresh ideas that you have not seen before? >> some of the companies we have backed, we have now done bus tours eight times. it is three different ideas -- 43 different cities. companies are scaling in an extraordinary way. the tour we had to postpone twice was taking us to places like oklahoma city, wichita, kansas city. bentonville, arkansas. some of the cities being formed are around the connection to that. because of walmart's presence in northwest arkansas. agate tech because that is a major part of what st. louis is doing. we are seeing in this next generation, though that on expertise and networks in those

money but it kregman created because government let it happen without just cracking down on every in novationcoinbase innovation is pretty interesting if you saw their product. what the ripple does is pretty innovative cross border transactions using xrp as the currency that you can do that with it's all pretty seamless and it's advancing this technology, known as the blockchain, which is in my view, bigger than the notion of a cryptocurrency. that's just the sort of juice to the flows through the blockchain but back in the internet days the sec back then, the clinton administration, congress, it was kind of they let that internet thing even though it was used for nefarious reasons, it let it grow, prosper, become something that it is today. liz:xrp though specifically was the first to get targeted by the sec. charlie: here is the problem, liz i'm the point is, it's a contrast in what's going on now. the sec is now literally enforcing in a sense, it looks like it's making stuff up as it goes along. now obviously i'd love to have gary gensler provide his side of the story but ethererum, the se

even beyond the digital you on, no secret china and many other countries have a regard to financial novation. india also among the fastest in the world. india processed nearly 10 billion more real-time payments than china in 2020. $25.5 billion. the u.s. process just $1.2 billion of real-time payments. while not yet convinced we need a digital dollar, i strongly support exploration in this important area. for this reason, by the nonprofit digital dollar program, this type of research will provide data policymakers what they need to inform the debate about the next steps. can you describe what the world might look like if we continue to let china and others like india and this important area. >> the reason why we launched this project, we believe the nature of money is changing. the internet has been a remarkable thing. it started by changing the nature of information dissemination. changing industries like entertainment and publishing and travel and leisure. now, we set aside some money. in many ways, financial services itself. this may present a future very different than the one we know to

and we are seeing the demand really switching from, you know, more price driven versus into you novation so -- innovation driven, so with this change in market position, i think it is really becoming a market that we should succeed in. stephen: over the next five years, how much of the revenue contribution would come from china? steven: what we hope is to drive it to 20% so it will be a period of three to five years. stephen: you focus on r&d and have advanced chargers and other home, you know, products, but how are you going to differentiate in a china market that is pretty saturated with kind of products you make? steven: we don't want to be a youtube brand or amy better brand. -- a me better brand. we hope to be an innovation company. they come to us for a truly innovative product. so it is a challenge. it is a journey that we need to take, but that is something we are heading towards steadily. stephen: when you do have established names like jbl or other brands that are really known at this level and then there is everyone else, how do you -- is there a particular brand that you mode