, why did they pick you for blockchain it is what you're able to do with cryptocurrency?urity why you? >> i think it's three things security is a big part of it >> right. >> people love our blockchain. we have more blockchains running today in the world than anybody else the reason we have that is because of the security that comes with it, encryption. our blockchain runs on an ibm mainframe that doesn't matter to them as long as it gets encrypted all the time the one is that it's secure and encrypted. second, we have the scale. there is an open platform that runs this on the bottom. that's open source we've made it available to everybody. but we have the scale that big businesses need, big global banks need we're not talking 10s and 20s of things we're talking 10s of thousands of things per second to run scale. and then we have the tools and we've built the ecosystem around all that to make it useful in your enterprise. so you have a technology platform that's open and the skills to make it work. >> and some very big wins. thank you for disclosing the win. that is so imp

at this port, supply chains are becoming more transparent with blockchain.for millions of shipments. in this lab, researchers are working with watson to help them find new treatments. that's smart for medicine. at this bank, the world's most encrypted mainframe is helping prevent cybercrime. that's smart for everyone. and in africa, iot sensors and the ibm cloud are protecting endangered animals. that's smart for rhinos. yeah. rhinos. because smart only really matters, when we put it to work- not just for a few of us, but for all of us. let's put smart to work. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >>> you may have heard this that brazilian superstar neymar santos jr. known as neymar has spent almost 14 minutes of the world cup rolling around on the ground but i don't think that is really specific to him. so kfc of south africa put out this ad poking fun at the soccer player i

blockchain will be a noticeably larger industry than everything we know about the internet today. the real bubble of the blockchain kicks off. talking a lot about block chain. lawrence is back to look through the papers. let's start with the story we asked the viewers about this morning, thomas cook banning, to stop selling tickets to the us, water parks that have colour of wales in captivity. a small move on their part but again sets the tone, doesn't it? back doors. it is a trend in the travel industry. against these, you would struggle to call them... experience? rob a bleak the right world. seaworld in florida, similar one in tenerife, thomas cook will not sell tickets to this, 29 other attractions they will not sell tickets to that have similar animal —based experiences because of concerns about the death of some of the animals. certainly the viewers might remember some of the killer foils that died a couple of years ago, a big outcry, that was the start of it. again the association providing guidelines for travel companies about how to react to what the customer said. —— kil

of blockchain, thank you very much. as well as our own caroline hyde in london. watching,u're microsoft's cloud services beat estimates for profit and revenue during the fourth quarter. sales of their cloud service rose 89% while office 365 revenue jumped 38%. the result caused shares to hit a record high as microsoft continues to cut into amazon's cloud business. stuck banks face a claimant china's ai industry. will they make their 2030 goal to become the world leader in artificial intelligence? this is bloomberg. ♪ emily: trade disputes continued to escalate between the u.s. and china, china still may be on its way to becoming the world leader in ai in the next few decades. looking tofund is invest $1 billion in the chinese a are startups with core technologies aimed at improving their surveillance systems in a push into autonomous cars. here to discuss further, we are turned -- joined by david kirkpatrick and selina wang. selena, this is the most valuable startup in the world. what did they do? >> this company is part of china's master surveillance plan. they

blockchain is a buzzword that keeps getting buzzed around.ain is a service, they are all benefiting from this and iny of them are using aws their storage facilities. emily: let's talk about the cloud, we saw strong clout growth with microsoft and with google. it must be that this pie is expanding so rapidly and amazon is in the league. the key questions was exactly that. we saw microsoft come out with very good results and the question was, maybe choose microsoft, taking more amazon's business than was expected and then google came out with good results, so if google and microsoft. we had the google ceo speaking about how this is bigger than just that company and bigger than just microsoft. like eric said, this is something all businesses are jumping on whether it's blockchain or just traditional retailers, whatever you have. a are going on -- they're going on to the cloud and using products like aws, and the pie is expanding for everyone. emily: let's talk about the at growth, there's so much optimism about amazon becoming one of the top two

they took them off that job and put them on this blockchain project, which i think is indicative of thethat they are worried about the use of personal data could become more and more under threat, and there are many people who believe blockchain is a potential tool to help users to take their undated -- protect their own data. you could see what they're doing is a hedging strategy. selina: david, you are sticking with us. coming up, the effect of trade tensions on technology. how will the escalating dispute between washington and beijing impact the tech sectors? we discuss, next. this is bloomberg. ♪ ♪ selina: this is "bloomberg technology." our top story, the escalating trade tensions between washington and beijing. in the crosshairs, the tech industry. a 600% increase in the amount of advanced technology the u.s. imports from china. it leans heavily on the aerospace industry, with technology coming in second. i want to welcome back to economy ceo david kirkpatrick and tom giles. tom, what are the broader effects of this on the technology industry, which sectors are getting hit hardest

tooka: facebook recently one of its highest-ranking executives and put him in charge of this blockchainject, what do we know about it and what does that signal? >> that is an interesting issue. david is one of the executives everyone has to be most interested in the guys he is one of the most experienced executives that facebook. he had previously been ceo of paypal. i don't think they have any other executive who was ceo of a company of that scale prior to joining facebook. he was previously running facebook messenger and caused growth to spectacularly grow so that it is now in the $1.2 billion -- 1.2 billion user range. they took them off that job and put them on this blockchain project, which i think is indicative of the fact that they are worried about the use of personal data could become more and more under threat, and there are many people who believe blockchain is a potential tool to help users to take their undated -- protect their own data. you could see what they're doing is a hedging strategy. selina: david, you are sticking with us. coming up, the effect of trade tensions o

on the other hand, they are doing all they can to support blockchain initiatives. haven't sorted that out yet. i think this is an opinion, i think they are pro-blockchain because they know it is coming anyway. was the galaxy digital founder and ceo speaking with erik schatzker. we will keep the theme -- keep the thing going because bitcoin is trading lower after regulators rejected plans for a crypto etf. the number one digital currency has been -- since last month. what's the best strategy for writing the crypto? residente now is alex, crypto asset manager and ceo and cofounder. taking the passive approach. how much is in there and what does this do? >> we have about 20 coins in our fund. have positioned them in a way that if a long own leverage asset that solve the complexity free access vehicle for retail and institutional investors. be anike said you have to innovator and open up your investment management capabilities because this is a borderless asset class. caroline: and it's a volatile one. you been looking for 50 million in terms of asset management. how h

is there any common definition of blockchain. commissioner, what competitive that's what potential could blockchain -- >> that is so forward thinking. i pointed out that spectrum -- we need to come up with more efficient ways to distribute it other than traditional licensed -- using distributed ledger technology like blockchain could make that possible. we could see lightweight leasing and more innovative use. i think what you are describing is the right way to go. >> i want to move on to see band. is a potential core midrange band for next-generation network. the span -- particularly for 5g. unanimously approved -- commission has insufficient information on operations and may need to be protected. i appreciate the in crm getting information -- as well as the previous application. chairman pai, how is the work going to be -- to gather information on incumbent users. >> it is going well. we have extended the time -- we extended the timeframe by 90 days. 's with the end of the day, we have a much more robust picture of what their c

emily: there is a concern that bitcoin and blockchain pioneers are mostly young and male. as tech industry is grappling with a diversity problem. if the tech industry does not do a better job including people of all backgrounds, what are the consequences? >> the tech industry has to be a place where people of any background or any demographic, or whatever origin, can thrive. and there have been big missteps on that front. they have attracted prominent headlines, and rightly so. people are paying a lot of attention to just silicon valley and how it is we do things and it has had a real ripple effect around the world. for myself and john, we try to start at home, as it were, and if we can't build a company into -- and a culture and an organization that we can be proud of, and that we can really feel good about, and where people of any background can really thrive, then we have not achieved anything of value. emily: stripe, you guys have some really interesting things. you have an open floor plan. people change desks every so often and can meet new people. gender-neutral bath

, this is something -- of organizations interested in blockchain, this has prospects. do you see parallel to the dot-com era? some are worth less than a penny. that make it seem more like a bubble feeling right now on what is going on? david: certainly, there were a lot of initiatives in terms of ico's that came to markets in 2017 and probably early 2018. probably should not have come to the market. there has been a substantial loss in value for investors. the total cryptocurrency market at its peak was worth approximately $830 billion. that number has come down $594 billion. to $236600 billion billion. clearly, there has been a lot of money lost by investors. arguably, there has been a of hyperbole coming out of the market, and now, we start to look at this market in a more sober manner and more importantly, for the underlying adoption of blockchain technologies by established companies and organizations to really give us the proof points that blockchain and related cryptocurrencies may be getting traction going forward. hopefully, we are finding a floor around these

when we saw where they were headed in artificial intelligence and blockchain, and cloud, itmputing, thethat significant now, but it is growing. they are on the verge of being successful. scarlet: ibm is a huge company in the stock price does not necessarily move on cutting-edge technology it is getting into. it tends to move on bigger things. how long do you hold each of the stocks for? to theis not responding kind of things you'd think it should be, do you hold it for less time? >> exactly. hypothetically, we would love to never have to sell any of our stuff. we would love to have in perpetuity. scarlet: what is the shortest amount of time you will hold the stock? >> it very. sometimes maybe a year or two if tofind out -- we are trying justify our holdings each day that only from a valuation standpoint but a management standpoint. we want to make sure the company is looking at everything from a strategic international business perspective. typically, the very long holding periods, we even have stocks in the portfolio that have been there for 25, 35 years. joe: the last several decades

these are cryptocurrencies the seek to evade efforts identify the users to the blockchain and criminalsare using them. thousands around the world that are interconnected and do not necessarily meet any type of ky see, know your customer, requirements. for some who knows what they're doing and are skilled at the most impossible to follow them through this matrix of exchanges. academic and payment association, a not-for-profit that provides public-private model for not only education but a platform to enable a market-driven approach to self-regulation, we look at how this can be used as a critically important way to solving the problem of de- risking, as well as mentioning some of the security risks. it's essential whatever approaches are made are based on a public-private partnership rather than a government only approach to the problem. in closing my recommendations revolve around identity. identity is at key to this. international cooperation is critical, , providing a cooperative environment whether through interpol or some of the multinational law-enforcement body, regulatory organiz

this is the ibm blockchain, built for smarter business.bm blockchain, built for smarter business. does your business internet provider promise a lot? let's see who delivers more. comcast business gives you gig-speed in more places. the others don't. we offer up to 6 hours of 4g wireless network backup. everyone else, no way. we let calls from any of your devices come from your business number. them, not so much. we let you keep an eye on your business from anywhere. the others? nope! get internet on our gig-speed network and add voice and tv for $34.90 more per month. call or go on line today. >>> tears of joy. as family members of the rescue soccer team get to see the boys through protective glass. recovering in the hospital isolation unit after spending 18 days trapped under ground. details of their rescue only now coming to light. matt rivers has the latest from thailand. >> reporter: a lot of new video here. that we're seeing for the first time. coming out in northern thailand. of videos released by the thai government. let's start wit

i've been advocating for us to look at blockchain technology as potential technology to resolve some of our cybersecurity concerns and issues. i want to get your thoughts on that? >> i agree with you. >> thank you. >> mr. chairman, i yield back. >> gentleman from georgia yields back. my pleasure to recognize my good friend from connecticut, mr. heinz, for five minutes. >> thank you, mr. chairman. chairman clayton, i may be the last although you never know who will appear. great to see you here. i want to start by commending you. i read the testimony and emphasis on main street investors and gives them all confidence and i think that is a great approach. i really appreciate your intense focus on icos. to me, the frenzy in that space feels a lot like what i remember in '99, 2000 around the internet space. i think there is a real opportunity for people to get hurt. i appreciate your focus and aggressive attention to that i want to bring up two topics, neither which will surprise you, both i think are consistent with main street confidence. one indirectly which is something i know we've

association the cfa is going to include blockchain that it will be taken every year. >> i think blockchainey might fold it into their aladdin , but locked chain is not in another itself crypto. fink needs is larry to understand blockchain. one of this, -- bethey will definitely stepping down to the home. >> row we understand is that as early as tomorrow morning, goldman will name david solomon successor and ceo. what we don't know is if they're going to give us a date. untilloyd stay on as ceo the end of the year? what we can say is that relative to the sender that goldman sachs has set which is storytelling and disclosure, this has been a disaster. remember, it was in march that the wall street journal and said -- reported that is the journal story. there has clearly been some miscommunication and disagreement. >> goldman sachs opportunity tomorrow out with its earning. thank you from new york. this is bloomberg. insight.ow for options the head of the derivatives strategy. we are starting to get the .inancials a very beginning of earnings season. >> the big week is next week. we like the

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this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for smarter business. ♪ ♪ until her laptop crashed this morning. her salon was booked for weeks, having it problems? ask a business advisor how to get on demand tech support for as little as $15 a month. right now, buy one hp ink and get a second at 30% off at office depot officemax who would have guessed? an energy company helping cars emit less. making cars lighter, it's a good place to start, advanced oils for those hard-working parts. fuels that go further so drivers pump less. improving efficiency is what we do best. energy lives here. jushis local miracle ear t at helped andrew hear more improving efficiency is what we do best. of the joy in her voice. just one hearing test is all it took for him to hear more o

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this is the ibm blockchain, built for smarter business. the ibm cloud. this is the ibm blockchain, built for smarter business. are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> you know how i love to end the show and the week. no matter what, there's always good news somewhere. we think good news ruhles. heartfelt reunion in minneapolis. a veteran was reunited with her service dog after a car was stolen with her dog inside. the car was found without the dog. after police put out a bulletin, and the owners put down shirts to offer wrigley the dog a smell to follow home, the magical reunion happened. how about that? that isn't good news. it is great news. that wraps up this hour. i'm stephanie ruhle. right now, more news with my friend, peter alexander. extraordinary intervie

is there any common definition of blockchain. commissioner, what competitive that's what potential could blockchain -- >> that is so forward thinking. i pointed out that spectrum -- we need to come up with more efficient ways to distribute it other than traditional licensed -- using distributed ledger technology like blockchain could make that possible. we could see lightweight leasing and more innovative use. i think what you are describing is the right way to go. >> i want to move on to see band. is a potential core midrange band for next-generation network. the span -- particularly for 5g. unanimously approved -- commission has insufficient information on operations and may need to be protected. i appreciate the in crm getting information -- as well as the previous application. chairman pai, how is the work going to be -- to gather information on incumbent users. >> it is going well. we have extended the time -- we extended the timeframe by 90 days. 's with the end of the day, we have a much more robust picture of what their c

can you say i'm a believer in blockchain but not a believer in cryptocurren cryptocurrency >> they'rey to enact this sort of cryptographic function >> you don't have to believe in bitcoin. >> you could believe in z cash and -- >> but the appreciation of those points you don't have to in th appreciation of those coins because that's separate from the development of the technology. >> sure. that's been there for a long time people have been able to separate them for a long time now but that doesn't erase the behavior of bitcoin in this system bitcoin is a unique element to this enitire ecosystem and none of it would be possible if it wasn't for what bitcoin did before that. >> thank you >> great to be here. >> totally clear to me >> you're going to go along? >> no. >> no! short? >> no. i want to know what one actually looks like you can't actually have one in your hand and put it in a safe, right? >> it is a cryptographic key >> what's it look like >> a qr code, string of numbers. there's all kinds of new ways to imagine these. >> it's not shiny or anything. >> not that shiny, no. >> ca

up to coin with blockchain? withx up bitcoin blockchain?: we ask people whether they had heard of it. that doesn't mean they understand a lot about it but they are aware of it. there are factors like attention in the media and familiarity with technology. is one of theit general outcomes we wanted to understand. i can't imagine that anyone would on this dan it coin -- would deeply understand bitcoin. i find it shocking that one in 10 all in europe's they they own a cryptocurrency and more than one third of people in europe think it's the futures ending online. don't those numbers seem big? personally i anticipate they might be lower. particularly like -- when we asked if it coin was the futures ending online, the we have seen it increase over time. over the time we've seen it increase around 7%. turn --ks to the longer longer-term trends. this is compared to the short-term volatility we might rochus on when trying to get a good understanding of whether or not to invest or use script occurrence. guy: how many are proceeding this as i'm going

at this port, supply chains are becoming more transparent with blockchain.smart for millions of shipments. in this lab, researchers are working with watson to help them find new treatments. that's smart for medicine. at this bank, the world's most encrypted mainframe is helping prevent cybercrime. that's smart for everyone. and in africa, iot sensors and the ibm cloud are protecting endangered animals. that's smart for rhinos. yeah. rhinos. because smart only really matters, when we put it to work- not just for a few of us, but for all of us. let's put smart to work. >>> and that will do it for me this hour. peter alexander gets things a whole minute early from washington. hi, peter. >> you caught me off guard. good to see you, katy. i'm peter alexander in this afternoon for my friend, ali velshi. this president obviously isn't afraid of questions. that's what the counselor to the president, kellyanne conway, said when i pressed her on the white house's decision to ban a reporter from an event after that reporter asked a series of questions. many of those qu

at this port, supply chains are becoming more transparent with blockchain.illions of shipments. in this lab, researchers are working with watson to help them find new treatments. that's smart for medicine. at this bank, the world's most encrypted mainframe is helping prevent cybercrime. that's smart for everyone. and in africa, iot sensors and the ibm cloud are protecting endangered animals. that's smart for rhinos. yeah. rhinos. because smart only really matters, when we put it to work- not just for a few of us, but for all of us. let's put smart to work. >>> welcome back 5:44 in the east david reubenstein offered one piece of advice. >> he asked me for advice i would say probably listen to your advisor as lot nor, maybe than you havem i would say i don't think tweeting is as helpful as you think it is. i don't do any tweeting. but he's a 72-year-old man and he's certainly set in his ways >> for more of the comments on fulant rain and investing, goto hits back. >>> following allegations of misconduct the boards will meet, joining us down the field. and seni

this is a diamond tracked on a blockchain - protected against fraud, theft and trafficking. this is a financial transaction secure from hacks and threats others can't see. this is a patient's medical history made secure - while still available to their doctor at their fingertips. this is an asteroid live-streamed to millions of viewers from 220 miles above earth. this is ai trained by experts in 20 industries. your industry. hello. this is not the cloud you know. this is the ibm cloud. the cloud that's built for all your apps. ai ready. secure to the core. the ibm cloud is the cloud for smarter business. ♪ ♪ >>> welcome back to "fast money. 20,000 bands getting ready to descend on the bark clay center for the ports tournaments. even espn will cover the competition as it tries to capture the millennial watchers. the gaming company is one of the biggest franchises thanks in large part to the gamt's e sports league. it's became the first global league with city based teams like traditional lesion when the inaugural launched in january. boasting a prize pool of $3 million. the o

some say blockchain technology could change large areas of the global financial system.he cfa says the topics are not a passing fad. and that is your bloomberg business flash. what you miss? elon musk went off script on twitter and accused british diver vern unsworth who aided in the rescue of the trapped tight use soccer team of being a pedophile. that tweet has now then deleted. they are now considering legal action. it tesla shares plunged 3.6%. we are joined by max, bloomberg businessweek writer. his elon musk mentally stable at this point? max: the truth is, we don't know. i will say that his tweets over the past day seemed an erratic -- seemed erratic. investors are concerned. but musk has always been a bit of a wild card on twitter and in the press. i have been talking to him for more than 10 years, and he has always been prone to say kind of nutty things. it is part of the appeal. the said, when you're in middle of this crazy manufacturing sprint, tesla is in crisis. it is not brave when you're getting into random twitter fights with people that are considered by

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and investment in artificial intelligence into blockchain. we have stocks on the advance.en is below 111. the aussie dollar finding itself on the short end. yuan jumping on the back of the gdp data. , a large caps off by a third of a percent. the offshore yuan, accelerating its decline. manila, foreign funds shifting back to philippines stocks, to teh wider -- the wider e.m. space. psc now above 7600 points, rising for a third day, the positioning ahead of earnings. idi: let's get you a quick check of the business flash headlines. in a regulatory filing, two parties may defer on arbitration depending on the outcome. there is an 18 year partnership between two of asia's biggest exchanges. rishaad: qualcomm is jumping into late trade after saying it will if -- abandon its pursuit of nxp. there would not be an extension of the 44 million dollar bid from china. trade rations from washington are worsening. >> the decision to move forward without an xp was a difficult one. uncertainty overhang's large acquisitions with this risk. e way against the likelihood of a change with the

caroline: talk to us about how blockchain may be affecting your business.t digital chart -- art as an asset itself. digitale: 10 years ago, was not seen as a major asset on the art market. it was even seen as a threat on the art market. the thing that could maybe disrupt the art market. it is another channel. online sales, for instance, contribute in a major way in acquisition of new buyers. the social media, instagram, facebook, are the main channels we use for our marketing. can you imagine last year for the da vinci sale, half a million people followed live the sale, which is extraordinary? starting from an auction business is about people in a room, half a million. caroline: in terms of the disruptive forces of the art season and the startups, is this something that changed your business model? are you looking to make acquisitions? guillaume: we are looking for partnerships. we organize every year several sales. we are interested in partnering with them. we are not so much interested in buying or purchasing new companies, but more observing and innovati

and as cryptocurrency blockchain technology slowly gain appeal and acceptance, insurers are betting thatn avoid the pitfalls. we are joined by chief commercial officer sunny tseng. how does crypto insurance actually work? >> we take it very seriously. we have had our insurance providers on it as well, and we think it is a necessary evil. you have to have insurance, as ashley with this type of money floating around. we raised enough money. we have a large new york equity firm that is focused on insurance, run by jeff greenberg number from a ceo of marshall mcclellan. we are working closely with them to work on an insurance strategy, because most people do not know how this works and they are trying to make the rules as they go along. emily: how about the risks you are taking on? right, bit pay -- doesn't have a lot of insurance risk, but we have a lot of money that merchants are holding, the you all have to worry about risk. emily: what about the view that some crypto currencies might overstate the amount of insurance that they have. sonny: that is something that consumers have to worry a

what new threads emerge with the rise of cryptocurrency and blockchain?of the biggest increases in malware that we are seeing right now, a 600% increase this year was in the crypto jacking malware. malware that is infecting users not only pcs but mobile devices as well. it basically uses the cycles on your device. to mine for cryptocurrency. it is using your device and your capability to generate cryptocurrency which is how that is made. >> does that mean the bad guys will have more resources to fund bigger operations? >> the back as our market-driven. up to the highest probability of getting a return on their investment. they are finding that by infecting browsers mobile devices etc., they can mine cryptocurrency and cash out on the other end relatively effectively and with little risk on their end as well. >> using mobile threats are on the rise. what do consumers and businesses need to be most worried about? >> you have to make sure you think about what are my risks with my mobile device? who are my users that are using mobile? what information do they

they are jumping on, whether it is blockchain or traditional retailers, whatever you have.e going onto the cloud and using parts like aws with the big growth number. the pie is expanding. emily: let's talk about the ad growth. there is so much optimism about amazon becoming one of the top two competitors in online ads with google being the top and number two.ng but with facebook's performance in the last way for hours, may amazon does have a shot, even if it is in three to five years. flip essential juice ei -- what potential duties either -- potential do you see there? is anwhen there entrenched incumbent, amazon is coming for you. this is one of those classic examples. they are positioned for that. . they have 100 million prime users, and that doesn't mean others who are sitting on the site day after day using it for shopping services. so they have those eyeballs. they might as well start monetizing them in ways. not to mention all of the artificial intelligence they have and the advancement they have made into that, so they can continue to step forward farther and farthe

at this port, supply chains are becoming more transparent with blockchain.shipments. in this lab, researchers are working with watson to help them find new treatments. that's smart for medicine. at this bank, the world's most encrypted mainframe is helping prevent cybercrime. that's smart for everyone. and in africa, iot sensors and the ibm cloud are protecting endangered animals. that's smart for rhinos. yeah. rhinos. because smart only really matters, when we put it to work- not just for a few of us, but for all of us. let's put smart to work. you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> all right, everybody let's take a final check on the markets. nasdaq under a lot of pressure because of facebook down 110 points mcdonald's among others beating estimates today and that is certainly helping the dow. that does it for us today. >> we're done. join us

those new technologies across ai, blockchain, a lot of this on security, all of saves the us trillionmoney, over $100 million, and puts them into the top three of digital governments in the world. it is quite significant. haidi: it is a return to the good books after a fall from grace. agreement to pay $30 million in compensation after that the prime ministers saying the failure was overwhelmingly that of ibm's. has the company managed to convince the government to give them another try? you can see by the scale and significance, working threat the government, the confidence in both ibm's investments in australia, the research and development, the innovation counsel we have set up, the dedicated developers and researchers that will work on security in the data security of millions of australians. these other types of innovations and investments that are important to the us trillion government. harriet, how do you think that the regular aussie might construe this? especially when, recently, trying to watch some of their favorite sports matches on air, they cannot even get that. there w

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. >> a great story about cryptocurrencies and the blockchain. it will be interesting. summit.is a meeting. they are tamping down the .rospects for outcomes some of the closest allies have been in the crosshairs of trump's criticism. joining us is the director of data who is with us from berlin. iq for joining us. day,s we have seen every there are relationships that are in flux between allies and what to we think the u.s. and russia want to achieve from this meeting? something they will be alarmed by. when there at a time is russian interference here, around ther places world and it is important for the international relations. for the european allies, what don't trump is doing is taking the sledgehammer to the world that and it is astounding he has spent so much time criticizing the u.s. is allies -- the allies of the united states and he said that he expected his meeting with vladimir putin to be easy. from the a tweet president and he talks about nato and said that it is strong and rich. would you agree it is stronger and richer as a result of his visits? there are lots of

ibm blockchain.y to track every step, ensuring this coffee did indeed come from 6,000 feet above sea level. and not a foot lower. ♪ ♪ >>> moments after donald trump gave vladimir putin a pass on the election interference, the justice department was charging a russian national conspireing against the united states as a secret agent. her influence to create back channels were designed to advance the russian federation. we have more from sara murray in washington. >> reporter: the latest piece in the russian news, charging 29-year-old russian national maria butina with being a spy for the russian government in the united states. butina was arrested on sunday and appeared in court in d.c. on monday. the justice department announced she was charged with conspireing against the u.s. as a foreign agent. according to reporting, butina spent years making in-roads to promote russian interests. she and kremlin linked banker had close ties with the leadership of the national rifle association. it appeared to use

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ibm blockchain.s coffee did indeed come from 6,000 feet above sea level. and not a foot lower. ♪ ♪ cheryl: the government to british prime minister theresa may facing a political crisis after two high-profile resignations from her cabinet. managing director dj europe joins us. the ftse is still higher slightly. what's the reaction there? >> we've got a little bit of naysayers today. but at the end of the day, she has had a difficult hand out to her but she's done a pretty good job. can you imagine if it takes children every night you came home from work and asked them what they would like for dinner. 49% of the party upset with what she's doing. brexit is a difficult thing. she has hung in there and remember although its chaotic right now, the last thing conservatives want to do is hold an election in the middle of all the middle of all of this and risk handing over power to jeremy corbyn and the democrats. you sure are generous to theresa may. i'm not sure everybody would be quite so generous. she'd

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at this port, supply chains are becoming more transparent with blockchain. that's smart for millions of shipments. in this lab, researchers are working with watson to help them find new treatments. that's smart for medicine. at this bank, the world's most encrypted mainframe is helping prevent cybercrime. that's smart for everyone. and in africa, iot sensors and the ibm cloud are protecting endangered animals. that's smart for rhinos. yeah. rhinos. because smart only really matters, when we put it to work- not just for a few of us, but for all of us. let's put smart to work. >>> tesla shares falling another 2% today they're now officially in a bear market down over 50% from their 52 week high is there a turnaround in sight mike, what are you seeing in the options market the market is implying a 9% move up or down after earnings. the areas where we saw the most activity today were 330. those are traders betting that tesla could be as much as 10% higher by the end of the week. of course, it takes two to make a market i've made bearish bets on tesla myself >> t

this technology in the blockchain is enabling things like bitcoin to work and to scale and as volatiles it's been, we see it continuing going up over the long-term because more and more people are going to look for alternatives feed off as we see states failing and other uncertainty that makes having a digital store of value like bitcoin something that's desirable. you don't have to worry about withdrawing it from a bank or the value disappearing as a government money >> we're showing to the audience the comments that you made to fortune. justin may and your predictions. bitcoin to 20,000. ethereum to 1,500 by the end of the year do you stand by that >> people can call me out if i'm wrong. i stand by that. we're not in the -- we're want in the business of speculating on the sort of short to medium term prices. the reason we were that first check in coin base was because we believed in the underlying technology we felt that if this worked, if blockchain and this notion of decentralized currency would work, there would need to be someone to handle the fiat to crypto transfer, and we thou

but, as cryptocurrency and blockchain technology slowly gain appeal and acceptance, some insurers arethey can avoid the pitfalls. we are joined by chief commercial officer sonny tseng. there was a lot of money to be made in the goldrush but there were high -- heists and robberies. how does crypto insurance actually work? we take insurance very seriously. we have had our shares of up and down's. we think it is a necessary evil. you have to have insurance, as -- and our last round, we raised it, we went from echo line partners. it is a large private equity firm and -- firm that is focused on insurance, run by jeff greenberg number from a ceo of marshall mcclellan. we are working closely with them to find the right insurance strategy. most insurance companies are try to learn how this works and they are trying to make the rules as they go along. emily: how about the risks you are taking on? sonny: that is exactly right. they don't know how to classify the security risk. hold funds.n't they have coinbase, $5 billion, $10 billion. but pay does not have that insurance risk. but we have a lo

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud. organizations like united way, non-profits like the american red cross, and our nation's veterans. we knew helping our communities was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day. so our communities can be even stronger. it's a new day at wells fargo. but it's a lot like our first day. lou: the deputies pushing ahead with their crazy calls to abolish immigration and customs enforcement. that's the democratic party for you these days, folks. joining me, judicial watch president tom fitton. look at the judicial watch report on illegal immigrants children, unaccompanied aliens, you report in 2014, that there were nearly 25,000 incidents involving unaccompanied aliens who were admitting to committing violent crimes, drug smuggling, human trafficking, this under the obama administration and far more serious than anything that has happened one accompanied illegals under president trump's admin

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this is the ibm blockchain, built for smarter business. to run on the ibm cloud. >>> president trump will meet with his cabinet today to do damage control after meeting with vladimir putin. tracie potts has more. >> reporter: the president is cleaning up what he said in finland and according to a source telling nbc it was the vice president and the secretary of state who sat the president down privately and convinced him that he had to go back and change what he said. here's president trump's take two on whether russia meddled in the 2016 elections >> i don't see any reason why it would be >> the sentence should have been i don't see any reason why it wouldn't be russia >> reporter: the do-over not sitting well with critics. >> it's 24 hours too late and in the wrong place. >> if the president were willing to dismiss american concerns in public what did he say in private? >> reporter: democrats want to hear from the interpreter in his meeting with vladimir putin. >> we need those translator notes and the translator herself to come brief us