. >> thanks so much, kayla interesting news there >>> shifting gears, vaneck launched bitcoin futures trading under the ticker shortly after the etf rejected vaneck etf that sought to track bitcoin directly joining us jan van eck let's start off with your response to the fact that sec continues to deny direct bitcoin etfs >> it was sad news last friday you know, we've been trying to get a bitcoin etf approved since 2017 the logic, it wasn't surprising decision the sec is very clear that they would like some more insight/surveillance into the cash bitcoin markets that just having a regulated bitcoin future's market isn't enough for them but we're happy to have a bitcoin fund in the market i think investors are dramatically underinvested in bitcoin. both individual investors and institutional investors. so at least happy to have the bitcoin futures fund in the market >> jan, tell us about the future etf. there has been some criticism that these aren't as favorable as etfs that actually track bitcoin. what role do they serve and are there other opportunities down the line to enable inves

performers in the sector this week included sprot junior gold miners these are junior gold miners, and vaneck6% the juniors doing well here. ishares up 7%. the data come from our partners at track and cite. for more information, melissa, you can head to the st wilshire hub. >> let's check out google, microsoft and tesla up 40 and 70%. amazon, only 8%. is this left behind stock left for catch-up that is next on "power lunch." your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ music ♪ ma♪ dream, dream when you'ren. feeling blue ♪ ♪ dream, dream that's the thing to do ♪ ♪ music ♪ when you see value in all directions, you add value in all directions. accenture. let there be change. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advance

heels up 8% right now, and 800 billion dollar company global foundries also up in the news and the vaneck semiconductor, up 2% right now chips continue to be a hot spot. we'll see at all whether the momentum slows down. and then take a look at some of the travel and leisure names right now. there is still a concern about covid. there is still a concern that maybe things could slow down for some of these re-opening trades. but wynn resorts down 4% carnival cruise line down roughly 2% and expedia, marriott, watch that re-opening trade a little bit weaker today in that trade back over to you >> that was a chicago hot dog of a market let's turn to inflation now. while nearly every measure shows americans are worried about rising prices, there are also signs that inflationary pressures are easing somewhat. crude prices are slumping to six-week lows. coal prices in china are down 55% over the past month. and the baltic dry index at a five-month low so has inflation already peaked? it's a debate heating up in the markets. and rick santelli joins me now i don't see you as being a peak inflation g

time for our etf spotlight and we're looking at the vaneck semiconductor etf as chip stocks continuetages. shares are up more than 17% in a month for smh and up another 1.5% right now now a core holding is nvidia which has been on a tear one on the top gainers in the s&p and the nasdaq this week up another 3.5% this week. at an all-time high and up more than 50% since early october as inesthavers get bullish on the company's metaverse plans. so, we'll continue to monitor that, carl >> unbelievable. >>> meantime, catch more on nvidia's recent moves on "techcheck" in the next hour board member drew houston breaking down some results along with where the metaverse could be headed from here. you don't want to miss that. >>> the president, meantime, taking the lector. let's listen >> america's getting back to work our economy is starting to work for more americans thanks to the economic plan we put through in congress early this year and the successful vaccine deployment, america continue to add jobs at a record pace it is historically strong recovery unemployment rate has fallen again to

vaneck down three or 4%. big upside moves as of late.rs as maybe profit-taking comes into the picture here then as we do here in the third hour of "squawk," oftentimes a check on the most popular tickers searched on our website over yesterday's full session, number one may be no surprise sprooz as tesla, the slide continues, ge on the heels of the break-up news up half a percent. paypal, coinbase and palantir driven over the last couple of days some of the most popular ticker searches the rest are on my twitter feed joe, i'll send things back over to you >> great, dom, thank you >>> well, gas prices have jumped this year. there are concerns now about higher heating cost this is winter now, several republican senators are laying out an energy plan to counter the democrat's climate proposals. among other things, the gop plan calls for expanding the use of natural gas, building out nuclear energy infrastructure and reforming the permitting process for energy projects. the senators say they support cutting global carbon dioxide emissions by

as we head to break, check out vaneck semi conductor etf smh. it's tracking best for the year., but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone. what's strong with me? i know when i'm ready for a rest day. you can pick the best plan for each employee ...so i can be ready for anything... tomorrow. find out what's strong with you with fitbit sense and daily readiness. >>> welcome back to "squawk box" right here on cnbc those fears about the new covid variant weighing on futures this morning, also the expected comments from j. powell who will be speaking at 10:00 a.m. this morning before the senate banking committee. just the idea he is looking at inflation as a bigger problem. watching t