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. >>> call it a win for cathie woods arc k invest. it sold the stake in roku after the stock jumped 50% on better than expected quarterly results. ark is the second largest shareholder in roku holding 8.4% of the outstanding shares. it is ark's largest holding. >> thank you, silvana. >>> coming up on "worldwide exchange," including the one word you need to know. >>> and the australian bank is looking to turn around after the pause. >>> and ubs is looking at the first loss since 2017. >>> and why one fund says investors all around the world should take notice of the market turning bullish. we have a very busy hour when "worldwide exchange" returns. stay with us. m so glad we did t. life is for living. let's partner for all of it. i'm so glad we did this. edward jones icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. you want to be able to provide your child with the tools or so resources they need.n. with reliable internet at home, through the internet essentials

in today's etf friday we are looking at cathie wood's' arc innovation etf. is it sustainable? tom: that is a good -- >> that is a good question. according to kathy it is. she was talking about how she sees deflation, and that will propel her fonder farther, but it is interesting because the fund is up. it is up little over 30% year-to-date, it is underperforming the nasdaq, because that has been propelled by the magnificent seven. to kathy's defense that is not really her thing. she invests more in disruptive companies, so she doesn't have any exposure to nvidia, christophe, apple, but she has smaller names. think coinbase, rocha. underperforming but still a much stronger year than she has had in the last two years. guy: i'm hearing people talk about they are looking for an active etf. where are they going? emily: they're going to a different kind of active. we are seeing about 100 billion dollars this year flow into active strategies in the etf world, most of the flows are going to covered call strategies from jp morgan, systematic strategies from dimension

yes, cathie wood is here at the table. more as the second hour of "squawk box" begins, right now. >>> good morning welcome back to "squawk box" here on cnbc we live at the nasdaq markets, and i am melissa lee in for becky quick along with andrew ross sorkin and joe kernen >>> it's a big day in terms of cpi at 8:30 eastern time, but right now the nasdaq up by 37. the treasury market, the 10-year yield holding stable at 4.62%. the move on oil, if we can check that this morning. we have dropped 20% from recent highs. it's down just fractionally right now. and joe can get his trading strategy -- >> that's performing, right, cathie >> 36,000 again. yeah, 17 after it went to 65 did you? >> no, i didn't. >> you could have. >>> new this morning, cathie wood, we're going to talk with her, and joining us at the table is cio and ceo let's talk about the etfs, and talk about them and what you are trying to do >> with our partner, 21 shares, which is the largest eft crypto in the world, we are launching five etfs, and there will be bit

we heard from cathie wood.to what they had to say about that. >> i think they are doing the right thing to pause for now. they have raised rates a lot. too late to see the effect on the economy in the u.s., particularly as the excess fiscal spending is winding down and tightening is kicking in, but i still think you should prepare they might have to do a little bit more and i think people should prepare for that just as a risk management tool. i'm afraid inflation may not go away that quickly. >> i think the fed has overdone it. i think we will see a lot more deflation going forward. i would not be surprised to see cpi inflation negative at some point next year. we do think you will see more unemployment during the next 3, 6, 9 months in an election year, so it will really get a lot of attention. yvonne: add ken griffin to that, too, talking about if the fed goes above cutting too soon, that will really risk their credibility in all this as well. asian markets, we are continuing on. almost like victory has been

cathie wood, investment ceo and ceo -- and cio joins bloomberg tv at 2:00 p.m. new york time.rg ♪ >> net power reported results today and the company is squarely in the center of the energy transition and is designing utility scale clean energy power plant that may be operational by the second half of 2027. shares down 20% off the back of these results. we are joined by net powers ceo, daniel rice. if we could begin with your results. a wider loss reported than expected. you are getting punished by the market today. when can you tell investors and traders that things will turn around? daniel: great to be with you. it was less about the results for the courtyard. we are a pre-revenue company. we are designing and inventing a new power plant that uses natural gas and converts it into carbon free power. totally transformative to the power industry. expectations are high and the anticipation of what we are delivering to the market is incredibly high because the world needs access to cleaner and more affordable power and it is a solution. the market is asking us get us these plants

. >> digital gold as cathie wood said this week. appreciate you coming on.d to see you again. >> thanks for having me. >> block cfo. >>> from payments to paying up, a sales miss at burger king weighing on shares of restaurant brands this morning. that's the parent of brands like popeye's and tim horton's. the ceo will join us on the quarter. >>> expedia and booking holdings reporting earnings. bookings, strong numbers but they warned of the impact of the israel/hamas war. you can read more at cnbc.com. ae both medicare and ae medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plans available in your area, you may be eligible to get extra benefits with a humana medicare advantage dual-eligible special needs plan. all of these plans include a healthy options allowance. a monthly allowance to help pay for eligible groceries, utilities, rent, and over-the-counter items like vitamins, pain relievers, first-aid supplies and more. the healthy options allowance is loaded onto a prepaid card each month. and whatever yo

. >> cathie wood, i don't know. >> cathie wood $500,000, right, still >>. >> and whenever it looks likeor restart the printing press, bitcoin goes up. i don't know we keep making the point it's been going up on no news. >> that would be the spotty etf. >> or anticipating the end of the tightening cycle that's sort of why when it does actually end maybe it doesn't go up. >> let's bring you other headlines this morning about two thirds of workers at gm's springfield plant has rejected the plan. that follows two rejections in michigan however, the contract still appears to be on tract for union approval by union workers and amazon has received a warning about sales of unapproved eye drops. they're selling drops that have not been recognized as safe and effective for providing safety for redness and burning. watch out for that target reporting its quarterly will results we head over to courtney reagan. >> coming in much stronger than expected $2.10. analysts were looking for $1.48. cost controls and inventory management is what drove the news $25.4 billion compared to $25.24 billion. that w

. >> cathie wood benefitting from the lower rates in general and roku and shopify. >> and palantir. >s very much for joining us. >>> as we head to break, check out shares of micro strategy up more than 200% on the year. and the company is still buying bitcoin. we'll break down quarterly results with the ceo the chairman michael saylor and talk about his bull case for crypto, his ever-lasting bull case for crypto when we come back. as a fiduciary, i promise to be the financial steward that you and your family need. i promise to put your long-term financial well-being above any short term transaction. everyone has a big picture. my job is to help you invest in yours. [announcer] charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com hi, my name is damion clark. and if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plans available in your area, you may be eligible to get extra be

these are pretty carefully chosen woods by the president. cathy patty, he's been careful, hasn't the not to call for an outright ceasefire. he's being careful not to outright criticize israel up to now is this a a coded message to these readings to prime minister netanyahu that the president's position is shifting? it definitely seems like this because it is such a dramatic shift and there's 2 things that are noticeable about this, what it says and where he posted it 1st. what it says that i want to repeat this again because it is a change. this us, this, the to continue down the path of terror violence, killing, and war is to give her moss, with a seat. we can't do that war. we can't do that. the president hasn't been saying that he doesn't call for a cease fire. he says what's happening now is a pause. and then up until now he's been saying, when that's over, israel has the right to continue to target. hum us. this is basically saying for the very 1st time, as you mentioned, carefully worded but war, we can't do that. of course, in the coming ho