by supportive about blockchain itself.l plan, every five years it is released, the five—year national plan, and in this five—year national plan, and in this five—year national plan there were only two technologies highlighted, one is artificial intelligence and the other is blockchain. blockchain has been around for a while now, why hasn't it been adopted before? many reasons. firstly the blockchain technology is still in the early stage of development, still we have many things to improve, not only with the technology itself but also integrating with the real business environment and also in terms of regulation and compliance, there's many things to be improved. how can the chinese government be supportive of blockchain initiatives like this but completely ban something initial calling offerings? i think it is a good thing honestly to do because at that time the market was quite a mess “— that time the market was quite a mess —— cloyne offerings. more than half the bad people were doing scams. it messed up the title of bl

blockchain technology takes value and brings it over the internet.log stage, which is paper certificates, to the electronic age, which is securities trueing on a screen, to digital ownership. the internet of value, which is what blockchain technology is going to be, is what i think will be the biggest disruptive evolution of technology in our khmers -- careers. scarlet: how many customers have been asking for this? you invest in high net individuals. how many want to get in on this? >> that's how this evolved. five years ago, we were leading andcharge into the picks shovels things. i want to lead in coinbase. four years ago, it did not enlist -- exist. last year it did $1 billion in revenue. i want to own a piece of the company that will facilitate across order transactions so we can easily the fact that two banks get paid because 400 years ago, somebody signed a treaty. that doesn't make sense. why do we have settlement, t plus three insecurities? why isn't it zero? we started with hicks and shovels. two years ago, some of our clients that, these cr

last moment we announced the beta version of ibm blockchain platform starter plan.esigned for startups, developers and companies of any size that want to quickly stand up a blockchain network. in the first two weeks we had over 750 networks provisioned. >> besides blockchain there is some disappointment here specifically with margins clocking at 43.2%. the street had wanted to see something closer to 45%, we did include certain charges in operating results without the impact of those charges we actually would have improved that gross margin trajectory troy sack nagi from bernstein asked this question, with i.t. spending environment as robust as it is, he asked these executives, isn't this as good as it's going to get for ibm those executives obviously disagreeing with that. listen, we posted revenue growth 5%, modest and constant currency, modest growth, strategic imperative talked about enterprise cloud business, ibm feels confident with the right product portfolio with the right team melissa, back to you. >> thanks very much josh lipton. by the way alabama traded

can blockchain technology be used to help in terms of corruption?in is public, so it‘s like really, really transparent. it‘s virtual, so people don‘t have to carry cash on themselves in countries where the security is sometimes very difficult. uh, imagine that the transaction would be, like, very clear, uh, from the onset, you see very well who receives what at what moment which avoids the risk of duplicating the transfers which happens from time to time, etc, etc. the game chaingers project ended on march 31 and generated 84 ethereum. unicef cashed these in, raising 26,378 euros, which will go towards providing aid for syria. its creators say this isjust the beginning — a beta test of the technology before they try using it for different aid—related purposes. that is it from a rather noisy click. do not forget that we are. hello. an afternoon of contrasts. for some there is some sunshine of what we have the sunshine there was a good deal of it although showers are never too far away. elsewhere there is a lot of cloud and outbreaks of rain and the r

wouldn't let them use the word blockchain in the title.t's how silly it government here's one example blok is the symbol only 14% below its january highs. it says it provides access to an actively managed basket of global companies at the forefront of blockchained based technology sounds good. taiwan semiconductors, nvidia, intel, ibm they have little exposure from the blockchain and little in revenues from that the reality is not enough companies that have exposure to the blockchain, there isno rea stocks to invest in. we need a bigger ecosphere for this, we need exchanging to go public that's not happening a least not yet. finally there is longfin which hit $142 in december, dropped like a rock after the company said it was being investigated by the s.e.c., which requested documents reled to the ipo the ftse said the stock would be removed from its indexes the stock rose late in the day, maybe because you teased the ceo would be on. who knows? you may be moving thing. >> thank bob pisani. we had the longfin ceo on "fast money" back in de

everything you do with the blockchain is public safety is really, really transparent.uld be like very clear, from the onset, you see very well who receives what at what moment which avoids the risk of duplicating the transfers which happens from time to time exeter exeter. the game changer project ended on march 31 and generated 84 etherium. unicef cashed the seine, raising 26,378 europe which will go towards providing aid for syria. it is clear to say this is just the beginning and a beta test of the technology before they try using it for different age related purposes. —— aid. but is it from a rather noisy clique, as it turned out. hello. let‘s bring you right up to date with how the weather is going to pan out across the british isles for the weekend and the start of next week. this is the scene in western wales. this is pretty typical of what most of you had to endure. when you look at how the chart is shaping up for the start of saturday, the closer you are, generally speaking, to that area of low pressure, the cloudier your weekend is going to be. a lot of cloud

he will tell us why he is so bullish on blockchain.the day after chemo might mean a trip back to the doctor's office, just for a shot. but why go back there, when you can stay home, with neulasta onpro? strong chemo can put you at risk of serious infection, which could lead to hospitalizations. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day, so you can stay home. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there?

let's talk about blockchain.bm is trying to be on the forefront of blockchain, but at this point, what do you make of how much these efforts will actually improve the business? reporter: whether it is blockchain or watson, collectively, these do not account for a large portion of the current revenue. quarterlyk at the numbers, these are small portion. having said that, if you are really investing in blockchain, ibm has a good strategy because they have the hardware that goes with it. they are trying to use the services arm whether it is consulting or using engineers to create a custom solution. whether it is blockchain, iot, artificial intelligence, they have a presence, but a very small portion of the total revenue base. a large portion of the revenue is still declining and it is still there legacy products. fory: thank you so much breaking it all down. we will continue to follow ibm shares. as we have been reporting all day, tesla has temporarily suspended production of the model three sedan. this will be the s

they set up a blockchain company which means there is a global raise to get blockchain going for the accelerate their rate and it is going to mean that other companies will be taking on interest in this more, and we may be seeing a complete transportation -- a complete transformation of the shipping industry thanks to the efforts of these huge companies like ibm and samsung. blockchain is obviously something that is most readily applied to inflict shipping and logistics, but these are existing technologies that could do the same job. >> actually, if there is paperwork, there's room for blockchain. , it was hardally to understand the concept at first but the bottom line is that they are trying to turn everything into an electronic database that everybody can take a look at, from the comfort of toir computer without having worry about the paperwork. so blockchain is being talked about as a game changing concept for almost every industry here, but because of the huge size of the industry there is so much to get thisntial going and cut costs and delays, which is quite important for shipp

let's talk about blockchain's. ibm is really trying to be on the forefront of blockchain's.do you make of how much of these efforts will improve the business. business?n mark -- it, 18, 19 ak at quarter, these are very small portions right now. but if you are investing in blockchain's, ibm has the hardware they goes with it. they are trying to use their hardware, whether it is consulting are using their engineers to create a custom solution. whether it is blockchain, i.t., artificial inpatients, -- artificial intelligence, they do have a presence. but revenue is declining and there are still a lot of legacy products. emily: we will continue to follow ibm shares. as we have been reporting all day, tesla has suspended the production of its model three sedan. this is the second time that the car has had to flip the brakes on the model. sources, elon musk is ramping up production of the sedan. elon musk spent time a knowledge and production problems and are doing with the economist magazine saying tesla will be profitable. a lot going on with tesla and production. to answer that

about a new project he is in partnership with about dealing with property rights and titling on the blockchain. really exciting stuff. he is the ceo of t zero as well.

stuart: you think blockchain solves this problem? blockchain, does what?me. >> well, for one thing instantly pays everything. instead of, if you and i get a bill. we send a check in, it is processed. has to go through the various departments to the bank. the bank has to pay. it is all done automatically. this is a miracle for somebody like me who barely understands computers. it is all done instantly with a lot less paperwork, a lot less processing. stuart: jim rogers, has not yet decided how to get into the blockchain technology? >> stuart, if i find out at the conference today and tomorrow i will let you know. stuart: what is your major investment right now? what is it? is it in a stock? is it in a bond or what is it? >> i own a lot of u.s. dollars because the u.s. dollar is down. it will go higher. i guess i own a lot of chinese shares, russian shares, japanese shares. asia, i'm more interested in asia. the japanese stock market is down 50%. u.s. stock market is near all-time highs. i know you buy low and sell high, stuart. i have known you a long time.

there are many out there who say, i don't like crypto but i like blockchain.new protocols out there and ipo's? has anything caught your eye? >> is all really early. we often talk about in silicon valley is like the early 90's of the internet. there are lots of particles tried, but the technologies are not mature yet. theh is exciting for us is developer community in the valley that is going after confuses technologies and build expenses with them. it looks promising. caroline: i'm assuming you were overwhelmed with blockchain in the headlines, but what is the main application that you think so far has shown the most interest? i think a lot of the early work has been in the financial services infrastructure. you think globally of how commerce is done. there is of teams working on areas like, and music and so on that we are starting to see. again, it is early. protocols are not technically much enough to create great expenses yet. the long-term promise is exciting, but i caution it will take a wild that these become great companies. caution ofome of the the ebbs

what is behind this major move top bitcoin investor spencer bogart of blockchain capital will be here and tell us why today was the start of something big. and the ceo of general electric speaking out last night to cnbc. we'll tell you what he said that has all of wall street on edge >>> first, we start off with the market rally the dow surging more than 350 points at the high as the markets shrug off the uncertainties around syria in a trade war but tomorrow is the moment of truth for the markets because it's judgment day for the rally as earnings season gets into overdrive. j.p. morgan, wells fargo on deck to report in the morning there are two major questions here number one, will earnings results crush wall street's expectations and number two will earnings drown out the chaos the trump tweets, the trade war, geopolitical threats surrounding syria. guy, it's hard but you have two questions you need to answer. >> can you repeat the questions, please i'm kidding. it's a joke. the first question is will earnings crush expectations and i think yes but i think everybody has said that f

planning onyou are using blockchain in your business anytime soon?: as you are probably aware, we have been piloting blockchain in many different with pretty good success, so we will continue to try and see how blockchain can be incorporated in our business, both to improve -- >> how is it working in the pilot programs? gave itor example, we our first loan these past two weeks through blockchain to a client in spain and it worked really well. down, weng times went were able to disperse loans much faster than ever before. those are the types of things we and seetinue to invest how we can improve customer experience. matt: all right, thank you for your time. bbva cfo jaime saenz de tejada joining us live down the line. we are minutes from the open of trading in european stocks. next, we will look at the issues you want to keep an eye on, including daimler and airbus. a tale of two industrial giants. we will big into their projections next. this is bloomberg. ♪ ♪ minutes from the open, let's get your stocks to watch. joining us from our equities aam in

ibm blockchain. a smart way to track every step, ensuring this coffee did indeed come from 6,000 feet above sea level. and not a foot lower. ♪ ♪ lower carbs. ♪ lower calories. ♪ higher expectations. the light beer you've been waiting for has arrived. introducing corona premier. play [music plays]his". [dog barks] [concert roaring] [music stops] dinner in 5. when everything's connected. it's simple. easy. awesome. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> welcome back to "the halftime report" live today from the sohn investment conference at lincoln center in new york city we're joined by bill gurley, the general partner with benchmark good to see you. you're go

he has gone into other areas of infrastructure base of blockchain in bitcoin.is looking into perhaps ofting up the likes merchant banks and other areas of investment. some big-namel starting to jump on the bandwagon ever since we saw the likes of poly chain do well. emily: walk us through the selling pressure we are seeing now. caroline: this is interesting. we're seeing selling pressure. we have not seen a spike higher, and some are calling it because of the tax is april 15year. muchhave made a bit too money in 2015 particular thing american households have a more than $19 billion worth of crypto in 2017, and alley have to settle in taxes. have you do that?liquidator crypto holdings. some are hypothesizing the selling pressure could ease off after april 15. summer senegal about that. emily: all right. caroline hyde in london. david kirkpatrick, ceo of economy, you're sticking with me for the hour. in the meantime, another well-known investor, mark cuban spoke to amend the length of bloomberg's comedian affiliates in toronto. he is leaning in to possibility of

a main way it protects digital information is with technology called blockchain. it's a way of decentralizing and authenticating data to prevent hacking. it's most famously used by theyp currency, bitcoin. estonia is the first country to use it on a national level. it just sounds like so many things could go wrong. an potentially it could but when the data is correcyou only have correct data in one place and everyone is responsible for keeping their data correct then it's much easier. >> rorter: and making life easier is exactly the goal of this e-society. esynians we talked to say t like and trust it. >> i don't need to remem lr to remember of numbers or anything so it's easy to use. >> for me i think it's safe to use this. >> reporter: you have faith in thsystem. >> yes. >> reporter: at lift 99, where entrepreneurs can rent office space and network, we met american yuriy mikitchenko. he moved from oregon to estonia for love, his fiance is estonian, but he's also quite smitten with how the government encoures business. do you think it's easier to do business here

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.he ibm blockchain, built for smarter business. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. think has exposure to energyfund infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp >>> dow is down 515 points off three of the major averages, dipping into correction territory today. reaching some key technic

and yet, despi the hurdles to using it, bitcoin, and its underlying blockchain technology, are seen as fat city. consider the recent rash of conversion experiences. in december, long island iced tea re-named itself long blockchain and its stock price tripled. >> welcome to hoots! >> reporter: in january, a company with nine hooter franchises put its loyalty program, the hooters hoot club, on a blockchain, andts stock price jumped 50%. >> i'm no expert on bitcoin. >> reporter: richard thaler won this year's nobel prize in economics. >> but it's very hard to know 'sat its intrinsic value is and ery hard to know what it's ksgitimate use is. it certainly like a bubble to me. >> reporter: vikram mansharamani, who taught a course at yale on bubbles, agrees. rn it reminds me of the internet phenomenon, the in bubble, where people would add the dotcom and their stock price would go flying up exactly comparable in my eyes. >> but you know, bubbles sometimes keep going up. >> reporter: so is bitcoin a bubble that's already bursting, plunging by two-thirds in just a few months? or a great investm

they basically use blockchain tactics.cation and a company we are watching closely. particlesother focusing on data ownership, such as, i mentioned, iota, ocean, et c. those of the companies i want to pay attention to because if any of them are successful, i think they have a very good chance to disrupt what the data economy has created, enormous wealth in the last 15-20 years. option we the best should pay attention to. jen thank you so much nifer zhu scott. up next, we bring you some of the stocks on the move, including hammerson. walking away from a bid for this business. the premium bid, evaporating. this is bloomberg. ♪ matt: welcome back to european markets, this is the european open. both likened is installing -- v olkswagen is installing a new ceo. we see gains in paris and frankfurt, a slight loss in london. let's get a deeper look at what is going on within the dog stories in the mid-cap category with nejra cehic. nejra: sage group dropping the most in more than 24 years. the most is 1993. this after a surprise m

small advertisers about the trust and transparency so i think the opportunity arises to embrace blockchaine that clients are fully transparent. >> michael, thank you very much for joining us this morning. the chief executive officer of london advertising. >>> now former first lady barbara bush is in failing health and will not seek further medical treatment. that's according to the statement of the office of her husband. a spokesman for the family said she is being cared for at home >>> sticking in u.s. news, former fbi coordinator james comey has called the president morally unfit for the job. comey added that trump was doing, quote, tremendous damage to u.s. institutions he fired him as the fbi possible trump gets into meddling he said the president demanded his loyalty. trump responded to comey's claims with harsh words in a number of tweets over the weekend. the president called comey, quote, slippery and the worst fbi director in history. trump denied that he pressed comey to be loyal to him joining us from washington is nbc news's tracie potts. tracie, what's been the fallout between

australia hasely, a fantastic framework for blockchain businesses.elping to support that over here, and the only negative is the higher taxation. however, i think the open environment as well as a lot of supportive individuals and businesses -- that makes australia leading the way. we see japan come on strongly. a lot of people have exited china and japan, and popping up on the back of that. betty: chris about that use of --rge soros who claimed curious about george soros's comments about bitcoin being in a bubble. what do you make of billionaire george soros getting into this market? fantastic a a positive sign for the industry that crypto assets aren asset classes and here to stay. he turned the market well by not participating in that december and january bull run. the marketplace was valued at 850 billion. and now we are looking at toward a 50 to 300 right now. to establish the fund that these levels makes a lot of sense, with ourselves providing advisory services to businesses to launch their own crypto assets. we can identify that as an excitin

this is th♪ ibm blockchain, built for smarter business. hey grandpa. hey, kid.hing again? maybe. (vo) the best things in life keep going. that's why i got a subaru, too. love is out there. find it in a subaru crosstrek. ythen you turn 40 ande everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. >> ♪ >> ♪ >> tucker: this week we are airing special reports on tech tyranny how big tech companies are getting more and more powers and endangering things we think are important like democracy and clear thinking. china's miltary is obsessed with artificial intelligence and trying to develop an advantage over our military. eric schmidt chairs the parent couple of google. he admits

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud. ibm blockchain, built for smarter business. if you'd have told me three years ago... that we'd be downloading in seconds, what used to take... minutes. that guests would compliment our wifi. that we could video conference... and do it like that. (snaps) if you'd have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming. dreaming! definitely dreaming. then again, dreaming is how i got this far. now more businesses in more places can afford to dream gig. comcast, building america's largest gig-speed network. >>> march madness started with 68 teams. now it is down to two. new my and villanova square off with michigan. i'm a villanova guy. my nephew is an standpoint to jay wright. give me the right preview. >> oh, i see. >> i'll tell you what, jim, if villanova wins tonight, they will enter into the college dynasty conversation. the fourth team in the last 40 to win two out of thre

this is the ibm blockchain, built for smarter business.. this is the ibm blockchain, built for smarter business. wbecause performanceer aclothes have changed,? but the challenge remains the same. and the generation may be different, but the color needs to endure. and the toughest stains come with their own rewards. we've re-engineered tide because no matter what life brings, our commitment to clean remains the same. now with 10x the cleaning power. tide, america's #1 detergent. jillian: good morning. time for the good, the bad and the ugly. busting dance move at easter celebration. the chattanooga showing off skills with easter bunny and crowd of kids. rob: that's good. lindsey lohan heading to lohan. >> harvard asked me to speak at graduation ceremony. i'm really really honored. rob: yesterday was april fools day. my bet it's a prank. we will see. jillian: motorcycle crash caught on a go pro-camera. whoa. how did that happen? wow, okay. a car running a red light slamming into that black suv and sending the motorcycle driver flying off the

made abouteen bitcoin, cryptocurrency, blockchain, the new technology for payment.that? >> most of the news around cryptocurrencies has been about anddrastic increase decrease in the value of these cryptocurrencies. currently, they are so volatile that they are not reliable for consumers around the world yet area and if you look at the underlying technology like blockchain, i imagine -- the world yet. if you look at the underlying , ihnology like blockchain can see enterprises using those underlying technologies to make sure that they can digitize asset plans for supply chain shipping, payments and things of that nature. themselves mays not have a future. right now, it is too volatile. talk about your strategy in asia. you do not have a big hold in any off-line market. this is where we see alibaba putting a lot of money into it. you arean area that looking at in terms of acquisition or technological enhancements? projects we various are looking at. we want to be a payment platform that supports payments no matter where they happen between consumers and. merchants.s

in valuation of a lot of these cryptocurrency assets concern you about the model of bitcoin and blockchainnot at all. so when you take a long-term view at the technology and how it's evolving, we see a very clear correction or transition from a period of speculation and excitement and anticipation into the upcoming period we think is more exciting, which is an era of products and purpose and proof. so i think what we're seeing now is the anticipated release of many products from all of these token launches and tges that you mentioned in 2017 and throughout this year actually coming to market with real products that have real utility and allowing investors and consumers to really experience the power of blockchain absent cryptocurrencies beyond their speculative value. >> one of the big issues over the past few months to add to the concern in the market has been about increased regulation, particularly around exchanges. >> the challenge for entrepreneurs is the lack of regulation because if the market is uncertain, you don't know how to operate, you are much less free to build the innovatio

this is the ibm blockchain, built for smarter business. to run on the ibm cloud. this is the ibm blockchain, built for smarter business. theseare heading back home.y oil thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home >>> breaking news, an historic summit between the leaders of north korea and south korea. the two leaders agreeing to pursue a peace deal. the leaders making a joint statement earlier this hour. earlier i said that was kim jong-un's sister, that is his wife rarely seen in public. on the rare occasions he travels, he doesn't usually travel with her. that's the first time ever that a north korean leader stepped foot in south korea. let's step away from that and check out what's happening with the cryptos. most of them are higher. bitcoin, 99,330. joining us is brian kelly. it's been a big week for all the cryptos. how come >> it's been great we had a tremendous selloff, we were close to 20,000 for bitcoin back in december there's a couple reasons for the s

also, all this talk about blockchain, blockchain payments becoming commercialized through the likes ofo talk about today as major markets come back online from the long weekend. that is it from daybreak australia. this is bloomberg. ♪ yvonne: 7:00 a.m. here in hong kong. i am yvonne man. welcome to "daybreak asia." the top stories this tuesday, risk-off trading is back. weakness in cap sparked a route. president trump resumed his attacks on amazon. stocks slump at the beginning of the new quarter. the clients are the worst since the start of the great depression. bloomberg's global headquarters, i am betty miller in new york, where it is after 7:00 p.m. on monday. model t production failed to hit the target. a lot more money may be needed. apple breaking up with intel and

. >>> brian blockchain said it received a subpoena from the s.e.c. asking for certain information from the company they plan to fully cooperate with that request. riot blockchain was the subject of a cnbc story earlier this year the stock fell roughly 18% the day that story aired the s.e.c. declined to comment >>> much more to do on this very busy morning including an incredible story as reports surface that mike pompeo may have secretly met with kim jong-un in north korea. >>> and shinzo abe's mar-a-lago meeting. we'll tell you what to watch for. as we head to break, here's today's national weather forecast from bill karins. >>> good morning to you, brian on this wednesday we're tracking more snow. can you believe it winter storm warnings continue in iowa. it snowed good overnight in south dakota and nebraska. now that snow is spreading through iowa snowy from ames. 3 to 6 inches along northern iowa and through southern portions of wisconsin. chicago could get some snow out of this. tomorrow we watch snow in western new york and central new york in

there's a lot of focus on how safe blockchain is, and blockchain itself has been secure then there'see employees using their own company's infrastructure to actually make a profit off of cryptocurrency in order to get in the game of cryptocurrency, you have to have access to a lot of computer servers. you'll see employees in a bank who work in the i.t. department take over some of the bank servers. third them in the floor boards of the data center so they can start crypto mining. >> you are in the business of providing solutions. we're talking about evolving threats. every time we catch up you talk about a new threat emerging. that requires investments about a company which requires more money. how do you balance the need to consistently stay ahead of the threat and keep investments going with also the need for profitab profitabilit profitability. >> the area of artificial intelligence is a game changer we have an artificial intelligence research lab that works with machine learning, mathematical algorithms, that's where we put the investment. that investment shows that it pays off m

we talked the manager of the world's biggest blockchain etf about surviving in this environment.o to explore etf in other parts of the world like europe, asia, and

some people say they endorse blockchain but don't endorse bitcoin. don't believe that are you more in favor of a light touch right now? >> so as a regulatory agency, our agency, the commodity futures trading commission has often been in the forefront of technological evolution. it's part of our dna as an agency we try to apply our statute on a principles based approach. well look at the core principles and apply it to new innovations like this. and that's the approach we've sean in the case of bitcoin futures. but all of us as regulators have to apply our statute in the spirit in which it was written, in the spirit in which it was conceived by congress. at the end of the day, it's for congress and not regulators to decide whether new policies should be evolved for these new new asset classes. jay clayton from the sec and i recently testified in front of the senate banking committee and we talked to congress about whether maybe some new legislation might be appropriate in this area and i think you will see going forward perhaps in this congress or fut

we talked the manager of the world's biggest blockchain etf about surviving in this environment.otting to explore the growth of

we talk to the manager of the world's biggest blockchain etf about surviving in this environment.s, we go globetrotting to explore the growth of etf's in other parts of the world like europe, asia, and the middle east. and we talk to the manager of

one reduces the transaction size on the bitcoin blockchain.ghtning which provides different payment providers to set up channels where they can interact directly off the blockchain, and upload a summary of their transaction afterwards. that will reduce the volume on the network, and reduce transaction costs as well. bitcoinve used the word seven or eight times, why bitcoin and not one of the others? what is about bitcoin versus the others? or do we use bitcoin is a catchall? mati: at the moment we are talking about bitcoin, but the cryptocurrency is a new asset class and an exciting one. there are many others. bitcoin is the first. the promise of unlimited supply, so there is a supply cap of 21 million which makes it more desirable. anybody can create a new cryptocurrency. what makes it exciting depends on how they market it, or what the two currency does. we advocate that people diversify within their portfolio. cryptocurrencies are extremely a smallo that takes up portion of your portfolio. within that, you can diversify among the currencies

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the information and tech arms says lockett -- blockchaining could cut costs by 20%.h that will transform the way transactions are recorded and verified. and you know, we were just talking about syria and these upcoming sanctions against russia. they will be announced by the treasury secretary. we know that the missile strikes were aimed at syria, but really in trump's sites are assets in russia and iran. we are talking about oil as perhaps. -- assets perhaps. this shows you why iran is key here in the middle east tensions. you can see as represented by the white line, iranian oil production has continued to increase even more and more wild saudi production owing to the opec content comes down. any type of spike in oil prices is likely going to come if we see harsh sanctions against furthernd also tightening around iran. yvonne: we continue to talk about the lead we have seen, quite contained in equity markets but at one point it will spread into other asset classes like commodities. we have seen a bit of a pickup when it comes to oil volatility already. a lot of ques

you've been hearing a lot about the digital currency, bitcoin, and the technogyehind it called blockchain, but you may have been afraid to ask: what is it and why would you want to use it? our economics correspondent, paul solman, is here to help explain. it's part of his weekly series, "making sen$e," which appears here every trsday. >> reporter: thinkf this story "news you can use": how to buy bitcoin, and know what yore buying. turns out in many big cities, you can do it right around the corner, though i wangled an m.i.t. computer scientist, neha narula, into coming with me for guidance. >> it actually works the opposite way to a regular a.t.m., you give it cash and it gives you bitcoin. >> reporter: true, i could have just gone to the online currency exchange coinbase, which, in the e dst of this cryptocurrency craze, now has mcount holders than charles schwab.b ut hey, why go online when you can hop on down to a quality mart, the kind of emporium where crypto-atms are cropping up. >> i thought it was going to be a waste of space but i was very ngo a lot of people come and use it, a l