especially blockchain.s to bring transparency and liquidity to real estate training processes. what are the middlemen, the agents, what they say that you will cut them off eventually from the system? companies are calling us, broke —— brokers, they are calling us in telling us they want to be part of the process. they are helping us to close transactions. they actually enter propy to close transactions, and they do the same work that they did before, but they do it electronically. so when they want to close the transaction, they pay the same paperwork, but electronically, a payment, also everything on one platform. but there is a lot of riskier, a lot of information in blockchain technology, and of course we are increasingly seeing episodes of companies being hacked for their digital data. is it safe putting all the information in this blockchain technology? that is true. this is where, again, blockchain has a very important role. because conventional companies often have those single entities that control

>> so, blockchain brings along with it a new kind of economics.t civil we are issuing a cryptocurrency calle"a cvl." >> sreenivasan: this week, civil is offering 34 million of those cvl tokens of its cryptocurncy to the public, which will eventually be traded on exchanges. just like bitcoin, the price of each cvl will fluctuate depeing on demand. the company is aiming to raise $8-millio and civil is setting an upper limit at $24-million to discourage peecople from ating. the money will be used by the civil foundation to fund grants to journalism projects. in addition to raising cash, the goal is for the civil token to tie tonigether a com of people creating and supporting journalism in the civil network. >> we encoursue everyone to ort a news organization in any way they see fit. if they're using a credit card r u.s. currency that's fine. but on the additional ways that people can support news orgizations that just have not been accessible or available before. for instance micropayment or microtipping. >> sreenivasan: right now, if o tip a website

you would have to have all the stocks traded on blockchains which is kind of far away, but blockchainare traceable, but there are new ones that are private as well. not sure it's going to solve that problem. i think the biggest thing about blockchains is about incentivizing people and bitcoin incentivized people to mine bitcoin and secure the network. and numerai is getting people to mine our data and provide intelligence us to, so i think it's all about incentives. liz: how do people get into your fund, is there a minimum? >> yeah, the fund has high minimums for credited investors. liz: accredited investors. >> keep us posted because this is a story, it's the future of technology especially when it comes to thin tech. thank you for joining us, richard. >> sure. liz: closing bell 7 minutes away, for parents it's the most wonderful time of the year. back to school time, and our $2 billion closer has investment lessons for you for your portfolio. we're going back to investment school. "countdown" coming right back. don't go away. is. . ♪ liz: three minutes left of trade. the markets are

the demand for blockchain advisory sources, to your question, is still really strong.the extent it started in financial services, because the deal was we could take cost out and there was a disruption effect on the sector, it actually every sector that we deal with that is interested in this technology. vonnie: 84% have said that they have some involvement with this, but only 32% in development, so toy percent are in research -- 20% are in research and some have not even gone going. and some say they have not been justified, why is that? grainne: i do not think it has to do with does blockchain technology work, i think it is more how do i take this to the commercial application at scale. we are talking about building networks and about industry participants getting together and working in a collaborative way, maybe differently from what i have done in the past. that is difficult. clients tell us that there is a test -- trust barrier. trust with other players in the market and concern around the regulatory response, particularly in the u.s., so this is a reason why peop

you can also a short through technology so blockchain the trust of a good or service.technology go about narrowing the gap in trade finance, which we know is being somewhat impacted by this trade war between the us and china? if you imagine there are millions of small to medium enterprises out there who don't necessarily have access to a bank, perhaps in a rural community. facility of access through foes are other devices can often facilitate trade finance for them. go to that nation of financial technology be more trustworthy, you mentioned blockchain. the window within the giant dumbrell financial technology, there are also things they crypto currencies, and people are wary of these sorts of innovations. how do we go about reassuring them? there are certain applications of technology which are at the bleeding edge, and people right to be a little bit cautious. for example crypto currencies. 0thers for example crypto currencies. others are proven and mainstream, late things of blockchain or machine learning, which it uses that you can use today. tell us a bit about as

the lloyds insurance market is beginning to use blockchain, and thatis beginning to use blockchain, andit should be in the broader currency market. lawrence, are you a fan of burt reynolds? some of his films, absolutely not. others, definitely. his big breakthrough films in the early nineteen seventies, deliverance, that is a great film for which he was nominated for an 0scar. —— 1970s. for which he was nominated for an 0scar. ——1970s. smokey and the bandit, which popularised in, probably not my favourite. he is one of those hollywood legends, that is his picture on the front of the guardian, but absolutely sums up what he was for many people. this is the news we had that he died at the age of 82 from a heart attack in florida. whether or not you enjoyed him, he enjoyed huge box office success and he also did that very successful transition from being an athlete. he was a football player, wasn't it? exactly. into being an actor. and arguably he did that transition better than somebody like, for example, arnold schwarzenegger he went from being a bodybuilder to an actor to a politician.

are you using blockchain technology?> stripe was the first major company to support bitcoin transactions. it was not really solving problems for our users. it was late last year we deprecated support for bitcoin. we are interested in what is happening. >> you gave us that stat, at the moment, only 3% of commerce is online. where is it going? see thekly will we majority of commerce is online? whether in the u.s., also in india already. china already. >> we are a few decades in. global online commerce is only 1.5 trillion. years, we arefew looking at it probably going to 5%. right, hopefully it will grow faster. associate yourself with amazon. they happen to have reached $1 trillion. where do you think this company will go? you used to be at thrive capital. is an enormous opportunity. obviously, the expectations are very high. clark's where are the expectations? >> hopefully multiple times higher than where we are. >> thank you for passing through the east coast. great to have him, the cfo of stripe. selina: speaking with

you have blockchain and lead, apparently -- weed, apparently?anifesting in puerto rico? cristina: the island is trying to rebuild on some of that biotech and pharma foundation it has. the governor has a degree in .iomedical engineering he wants the university to turn into an innovation center for marijuana. done is he has made sure the laws are very clear, so puerto rico had legalized medical marijuana three years ago, the law was unclear, so that the turn investment. that withes some of the new law. we are seeing investment coming in. a grove facility inside an old building. company hopes to be able to expand. carol: we will end this week on a lighter note. we want to talk about art basel. it has been going on for two decades, it happens every fall in miami. what interesting about this, jason, it has transformed the city, making unsafe locations in the miami area safe and hip. jason: the company behind this thinks it may have the secret sauce to helping other cities. chris tells us more. chris art basel started in : switzerland. the company beh

i believe eventually will change the world. >> bitcoin and other blockchain currencies certainly not everyone while justin has gotten rich on bitcoin there's others that believe it's a speculative bubble bound to burst. >> no heat in the out house. it looked like a space house was it freezing in there >> when you mine bitcoin, it generates a lot of heat. that helps to heat up the tree house. >> that's pretty hard core this is the fun side of things we should point out there's a darker side to some of the bitcoin issues, especially if you're an individual investor. what did you find out on that front? >> well, lawmakers have bitcoin square in their sights one of the main reasons is it's used for criminal activity, money laundering we took a tour of the dark web, an elicit place in the internet where you can order hit men, buy guns and choice. the currency of choice is bitcoin. bitcoin believers say there's a lot more criminal activity with card hold cash that's not deterring law enforcements it could change the investing landscape for bitcoin. >> melissa, thank you very much. >> thank

blockchain, often talked about, what does that mean for a border process?sers, the traders, and what they are sending. blockchain helps us to move from relying on what they are saying is true to bringing a verifiable truth to what is in that supply chain. artificial intelligence, well, that‘s basically helping machines help people. how can we move some decisions that are made by people to be made by machines? hello and welcome to the week in tech. it was the week when apple once again took to be stage announcing new devices, revealing three new models of the iphone with two being their largest associate and carrying the largest pricetag. and the new apple watch features an electrocardiogram, which the us food and drug administration approving the watch as a medical device. it was the week when google fought against legislation that will extend eu citizens‘ right to be forgotten globally. facebook‘s ai, named rosetta, has learnt to look at images with text and interpret their meaning to better understand memes. and smart tvs made by vizio could soon be telli

one of the bets they are making is blockchain and digital currencies. in the year, brock pierce was a big name in the community. he made it to the list of richest crypto billionaires. he owns the mighty ducks franchise. he wants to create a community in puerto rico of crypto investors. the island has favorable tax status. there is a favorable tax on capital gains. this is very attractive to john paulson and a number of big, wealthy, east coast investors. and lead,lockchain apparently -- weed, apparently? how is that manifesting in puerto rico? cristina: the island is trying to build on that farm a foundation -- pharma foundation it has. the governor has a degree in engineering. he wants to turn it into an innovation center for marijuana. he wants to make sure the laws are very clear. we are now seeing investment coming in. photograph a growth facility inside an old building, an old government building that has been rehabbed as a marijuana farm. nexgen hopescalled to be able to expand. carol: we will end this week on a lighter note. we want to talk about

the cryptocurrency and blockchain market is all about solving this problem.terests me is it is all about decentralization. we are now seeing people having to move away from decentralization who were completely focused on it. people don't trust facebook because it is centralized. , bornseeing shape shift out of one of the key players back in the day, and he has had to move away from anonymity in because ofading regulation. theey square the fact that very means of decentralization go out the window and you have to exchange with institutions? square the fact that the very means of decentralization goes out the window and you have to exchange with an to duchenne's -- with institutions? frederick: we need to decentralize the government -- governance of the software. that does not mean everything needs to be decentralized. some parts need to be decentralized because when you want to deal with financial institutions, you need to have a real relation. you cannot decentralized that. i think we will see in the and some things can be completely decentralize like bitcoin

worked. >> i feel like the representatives that attended today had a good understanding of how blockchainechnology works and certainly how crypt of currencies are traded. that may or may not be true for the rest of the congressional members. it's something that we need to to continue to educate on. >> does that concern you, the lack of knowledge -- that this is a complicated space, hard to explain? it's not everybody's cup of tea to understand these types of things. >> i think that's right. i think the lack of knowledge and then also just right now how at least on the securities side that the regulation doesn't fit, even if we wanted to claim that all of these were skourts, it's hard to comply, bus blockchain technology does not work the way the regulations have been crafted. >> all right car will, thanks for joining us. appreciate it. >> thank you for having plea. >> bk, all of this is done as we speak. >> yes. >> what's your greatest concern. >> my greatest concern is that the u.s. loses competitiveness i've spent the last year flying around the world and i can tell you the u.s. is alre

we know what is happened to blockchain and cryptocurrencies for short. 20% rate fell as much as but did those losses to settle at $200 a share. still, that is 30% off its record high and that was just sent a few hours earlier. all that was a fairly quiet session on the s&p 500 yesterday. bloomberg first word news from dubai. is planning to cut the average tariff rate that a chart is imports from the majority of its trading partners as soon as next month. that's according to bloomberg sources. the move comes as the nation is trying to use emulate domestic consumption and support the slowing economy and follow similar cuts on tariffs in july on a wide range of consumer goods. u.s. and china are also engaged in a tit-for-tat trade war with both sides increasing the levies imposed on some goods imported from the other. canada says nafta talks in washington are cordial and constructive but there is no indication of a deal will be struck this week. the foreign minister will meet the u.s. trade representative again later after two rounds of talks yesterday. she says trade agreements take time

small, risky bets, hoping one of google.omes a won their betting on is blockchain technology. >> earlier, brock pierce, a big name in that community -- he made it to forbes list of the richest , king of thenaires mighty ducks franchise -- he wants to create a community in puerto rico of crypto investors. income from investments. >> very attractive to john paulson and a number of wealthy traditionally new york or east coast investors. >> pierce does reside there now. >> you have blockchain. you have weed apparently. rush. great american weed who wants to be left out? the island is trying to rebuild pharma foundation they had. the governor has a degree in biomedical engineering. he wants the university to turn into an innovation center for marijuana. -- what he has done is made sure that the laws are very clear. puerto rico had legalized medical marijuana three years ago, but the law was unclear, so to church investment. he clarified some of that with the new law. we are seeing investment coming in. we got the photograph of the growth facility inside of an old government building that has

a lot of same ideologies is blockchain itself.are big supporters of the project but very different biggest models. nejra: with your company as well, how much do you have conversations with the big global banks in terms of integrating blockchain into the already established international financial system? >> we are still in the stage of doing a lot of awareness with these financial institutions. our new group president was from commonwealthh -- bank. we have a lot of expertise in the organization and how it can relay over into core banking software. inot of the banks are still the early stages of understanding how they can maximize this technology. nejra: quick question. what will it take to reverse the route that we have seen in cryptocurrency this year? >> what you saw last year was a lot of interest in a very short. of time -- short amount of time. that happens with any new technology. it's just a matter of going back to the drawing board or continuing to push forward the and -- the innovation. will fall in line accordingly. nej

for that is that blockchain is totally on now.ble, at least for i think our current system is extremelys a we are working on this idea. we went to allow people to vote. for elections on their phones and also make is a lot safer than it is now. do i think the 2018 elections are secure? not really. emily: even though president trump does not use email, he has certainly used text to his advantage, of course, with twitter. how would you advise a candidate trying to take on trump? bradley: i think ultimately you have to be able to show that you to fight with this guy, toe to toe. i think you will see a lot of people from the left emerging and 2020 to challenge him, because they really want to battle. people are feeling really polarized and it it will be ugly. task, ceo of task ventures, with the book to read thank you so much for being here tuskadley tusk, founder of ventures. that doesn't for this edition of "bloomberg technology." this is bloomberg. ♪ >> welcome to daybreak yesterday, i am haidi stroud-watts in sydney. >> i am shery ahn in new york. >> and i am sophie kamaruddin in hong ko

with the blockchain, it's been reduced to 2.2 seconds.kohl's is launching a bunch of new products.itwill introdce a new women's plus size brand called 'evri'.it also has a deal with 'property brothers', who have a collection of furniture and other home decor.amazon may be getting into more businesses.a new application suggests that the e-commerce giant will double down on selling its own lijewelry.and amazon made its first investment in a homebuilder, backing a company that builds pre-fabricated homes called plant prefab.and san francisco is one of the most fun cities in the united state.wallethub ranks is 8th most fun.san francisco scored high for both recreation and nightlift but lost points for cost.live from. the ansdaq marketsite in times square, i'm vera gibbons, back to you thanks jane ( james ) and after the break... the roads are getting more dangerous for bicyclists. and california roads are some of the worst. and here's a live look outside... bay bridge (ácommercialá)(áábreakáá) (robin) hot spot sb 880 at a street. the salesforce transit center is closed until further noti

. >> when we talked about cryptos years ago, blockchain good, crypto bad they think of the whole spaceonjunction so you can not have run this without the airplanes, right that is changing policy and regulators are seeing that there is a strong group ripple started out as software and we sell it to banks and financial institutions to companies and they're using the software and banks can lead to other products fastly and easily that is a mechanism to source liquidity for the bank i'm confident that in the next one month or so you would see good news coming in. >> the problem is you said it's been adopted by the bank a lot of countries are not into having cryptocurrency get near banks. >> you're absolutely right we want to help the innovation and then leverage the power of the digital assets we came up with a very sophisticated framework to boost participation of financial institutio institutions so i think that is now changing. they're sitting on it and looking at it. i think it's all positive and i can see more and more banks starting to use it >> if you look at what's happening in the

emily: blockchain, bitcoin, is it a threat or opportunity? al: opportunity. think that it remains to be seen exactly what happens in cryptocurrencies and whether they really can move from being more of a commodity and get into payments, but i think the blockchain technology is something that we are looking closely at, as are we machine language and artificial intelligence. in palo alto, we have a visa research center focused on all of those things. emily: ok, great to have you al kelly. al: good to be with you. emily: much more ahead. member, bloomberg tech is on twitter, check us out at technology and follow our network tictoc on twitter. this is bloomberg. ♪ emily: coming up, eight years ago google left china over security concerns, now it is planning to go back. but one research scientist is quitting because of it. will others follow? that is next. later, the venture capital fund with automation here with a major announcement. find out what it is all about. this is bloomberg. ♪ emily: this is "bloomberg technology." i am emily chang in san francisco. in au

. >>> and riot blockchain names a new ceo, following charges by the sec in an unrelated pump and dump scheme. the sec says the plot involved manipulating share price of three unidentified companies generating more than $27 million in illegal sales riot blockchain not named in the complaint. the company was the subject of a cnbc investigation earlier this year. >>> you're up to date. that's the news update back to "squawk alley. jon, back to you >> thank you, sue. >>> coming up, billionaire internet pioneer and alibaba chairman jack ma announces a succession plan. the company's future beyond gentlemjack ma "squawk alley" will be back. for. it orchestration by cdw makes sure your data stays close at hand. with the hp elitebook x360, and its innovative security features, including multi-factor authentication, hp sure view integrated privacy screen, and sure start self healing bios, preconfigured by the experts at cdw, so your defenses go wherever you go. secured productivity by hp. it orchestration by cdw. the co-founder announcing he will step down as executive chairman of the e-commerc

we have congresswoman warren davidson we will talk blockchain with her.de we're on a market alert after the market took a dive yesterday. we'll talk about that. joe is laughing. it's not really a dive at all. >> you said you weren't going to say it >> warren davidson -- >> congressman -- say congresswoman? geez it's early we have a lot going on stay right here for more gaffes from me and other things >> guaranteed. >> do not -- listen, tuesday is the worst day of the week in my opinion. >> thank you, brian. a little sympathy. empathy. and it's raining >> it's raining. tuesday is terrible, you're tired from monday. we'll see you in a bit >>> time for your tuesday rbi. you know this, oil traded overseas known as brent crude is above $80 a barrel you may want to start filling up now and saving some of that gas because, get this, the last two times brent crude shot up like this, 2007 and 2010. it really shot up and continued to do so both times, 2007, 2010 moving above this mark -- well, or this mark, $100 a barrel. yes, it's only a control group of two times

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this is the ibm blockchain, built for smarter business. ibm cloud. this is the ibm blockchain, built for smarter business. your neighbors. you like them. they always remember everyone's names. your kids love swimming in their pool. you like them. if you forget your trunks, they'll loan you some. they have a section in their stock portfolio just for pool stuff. everyone likes them. you like them. but you'd like them better if you made more money than they do. don't get mad at your well-liked neighbors. get e*trade. >>> welcome back to "the closing bell." about three minutes left of trade. let's start with amazon, of course, hitting that $1 trillion mark today here's a 12 month chart. what an extraordinary rise market cap 12 months ago today was 480 billion. nonetheless a milestone hit after apple hit last month despite amazon's gains of 1.3% the nasdaq is actually lower down about 0.3%. the dow was down, but if we look at the dow intraday chart you can see we've sold off a fraction but well-off the lows which came in the last couple of hour

there's the blockchain. there's space. there is an energy revolution and not just talk about green energy. and talk about fracking. talk about the move in june from higher carbon to higher hydrogen content in fields. the new nuclear stuff. the art bunch of revolutions occurring that are going to have a major impact on society over the rest of this century. we are only seeing a little bit of it. all of it is based on the fact that we have now computers and centers and networks all over the place gathering data and doing a gait analysis of it. i augmented intelligence, it's intelligence that will be using, network computing to enable us to better perform tasks come to do tasks we never did before in collaboration with technology. it's part of the natural evolution of our species to incorporate these new tools in enabling us to do more. >> host: another phrase from the book, kill your tv. >> guest: what's happened to television? exactly. i mean, if you're going into the 1990s, television was still a big deal. even cable-telev

the retail giant is telling its produce suppliers to use a blockchain system to track shipments. the secure ledger will help trace vegetables from the farm to the store revealing the potential source of any outbreak in seconds rather than days. eventually the future you could scan a bag and use the technology to find out where your lettuce came from and snapchat is testing a new camera feature. youca object or bar code with the camera that brings up a card showing the item and the price and availability. when you tap on that you'll be sent to amazon's app or website to make the purchase. the feature is currently available to a small number of users in the u.s. but should get rolled out to the rest of the country if it actually works pretty well. back to you, marcus and laura. >> i saw yesterday pinterest is doing something similar to that, too. >> making everything easier. >> but tough on the small retailers. >> that's true. thank you, eric. >>> all right, you early risers, i want to you listen up. the long lines you have to face when you get your coffee, dunkin' donuts may have

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in memory what happened with blockchain. we saw the pops in late 2017 ever since a year ago.re wondering if this is the whole blockchain mania. have we been here before? there. it is not >> the surge has left private equity funds much more loan -- much more known. >> they are based in seattle and not many people know about it. ,hat is because seven years ago they really put all of the money into marijuana and the possible growth in the entry and what is interesting is it is backed by peter teal. he put his money here and in terms of the return, we are talking about billions of dollars. they have a little bit under the percent ownership as of march 31, but at the height of what was happening, they could have come up with about $8 billion so if you spread that across the three of them, it may have made them billionaires over the course of the past several hours and at one point coming in $2.6 billion. i can only imagine what they might be doing to celebrate right now. >> thank you. up, the latest big tech listing. this will be live. .> this is daybreak asia china's second-large

blockchain really pulling off. we have have brought -- probably platform economy. is important for us to understand, what is the new big? how are companies that benefit from network effects, huge costs, of data, marginal how do they compete? >> do you think in some ways, lefttition law has been behind by big tex? you talked about network effects. it is difficult to intervene until after they have created near monopolies. i think our principles are fine. they are about human nature. we don't change, unfortunately. with our bad sides and good sides, we remain the same. in the regulation, we need to stay alert. you can be successful. but you should not miss use your power. very successful career to very welcome in europe. we find they miss use their .ower -- misuse their power for consumers not to be able to of choice,enefits innovation, affordable prices. that is where we have to be very vigilant. >> do you think tech firms have become too big? you canthink at such make that conclusion. i think they can be much more transparent. my colleagues have made good proposals

this is the ibm blockchain, built for smarter business.lt to run on the ibm cloud. >> steve: before you were so rudely interrupted by that time-out and commercial, these critical games have set the tone for a season. >> brian: the examples of oklahoma and ohio state the last two years have shown you're not out of it if you lose, if you go on the road and compete in those early games. >> steve: stidham faking some people out. he'll slide down short of the first down, which actually works to their benefit. you'll force washington to take another time-out. their last. out of time-outs, are they out of time? ck cards send you on a journey to get to your bonus cash back. first they make you sign up for bonus cash back and it's only on a few categories. and when those categories change, you gotta sign up again. when does it end?! with the capital one quicksilver® card, you earn unlimited 1.5% cash back on every purchase, everywhere. it's like a cash back oasis. what's in your wallet? >> steve: back with third and two. that's jarrett stidham at t

and if you think of the rest of the blockchains, ethereum, neo, there is about 100 -- they're all vying to be westbound 3.0. the global decentralized supercomputer that processes and you a thent indicates data it's harder to figure out what the market cap of that is. is it the cloud times four i don't know. >> let me ask you about bitcoin. and i understand you're not a bitcoin max malist but because so many institutions that's probably the on ramp to the crypt of universe. what is a theory that is going to drive bitcoin to potentially thele 8800 level to clear at a thousand to get to new highs, the store value seems to be a challenged argument when you have seen bitcoin go from 20 to 6. and i understand we have seen these types of craters before. and it's come back but if you're new to the space and you are in not a devotee process then you don't get the store value argument. >> it's adoption, right? each year younger people get a year older and younger people are far more comfortable living in a digital world. and if you think of like gold -- gold -- you put it in a safe, it has negati

things change and we have not even seen what is coming with quantum computing, blockchain.hich is why of course it's important for us to understand, what is the new big? how are companies that benefit from networks affects from huge amounts of data, from marginal cost approaching zero, how do they compete? for us that is the important thing. >> do you think in some ways competition has been left behind by big tech? it is difficult to intervene until after they have created these neo-monopolies, as some people would see them. >> i think our principles are fine, because they are about human nature, and we don't change, unfortunately. with all of our good sides and bad sides, i think remain the same -- we remain the same. in regulation we need to stay alert. in europe you can be successful, but you should not miss use your power. this is actually the story of findes -- fines. we found that they misused their power for competitors not to be to,nnovative as they ought our consumers not to be able to enjoy the benefits of choice, innovation, affordable prices. that of course is w

this is the ibm blockchain, built for smarter business. to run on the ibm cloud. this is the ibm blockchain, built for smarter business. what i just introduced you worto my parents.g? psst! craig and sheila broke up. what, really? craig and shelia broke up!? no, craig!? what happened? i don't know. is she okay? ♪ craig and sheila broke up! craig and sheila!? ♪ as long as office gossip travels fast, you can count on geico saving folks money. craig and sheila broke up! what!? fifteen minutes could save you fifteen percent or more on car insurance. i'm not really a, i thought wall street guy.ns. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? i

we haven't even seen what is coming with content computing, blockchain sort of really pulling off.probably have a platform economy that is much more diverse than what we have seen, which is why it is important for us to understand what is the new big? how are companies that benefit from networks affects, huge amounts of data, marginal costs, how do they compete? and for us, that is the important thing. john: do you think in some ways, competition law has been left behind by big tech? you have these companies where you talked about network it is very difficult to intervene until after they have created these, i suppose they are near monopolies, the way some people see them. margarethe: i think our principles are fine, because they are about human nature. we don't change, unfortunately. with our bad sides and good side, i think we remain the same. but of course in the regulation, we need to stay alert. big.se you can be a in europe, you can be successful, but you should not misuse your power. this is the story of the two google fines. very successful, very welcome in find they have m

scarlet: marijuana is the new blockchain. everyone who says anything about it will get a pop in their stock price. joe: if there were actual , they aren earnings creating 300 times revenues or 2000 times earnings, but the nice thing is you cannot say that because they do not exist. craig: the price of sales on tilray has gone through the roof. these stocks are extremely valuable and it will just continue. it does not take much to move shares. caroline: we are getting analysts coming out and saying this adds another domino to the future legalization in the u.s.. did you feel a hint of that? craig: 100%. the federal situation is tricky to handicap. if you watch congress, it is gridlocked. difficult for me to see the path to federal legalization in the u.s. whether it be medical or recreational but people are slowly getting comfortable. the dea is still considered this a schedule one, the worst of the worst of drugs. scarlet: it is one thing to be a marijuana company and talking to other companies, it is another to be a big cons

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.chain, built for smarter business. ♪ to err is human. to anticipate is lexus. experience the lexus rx with advanced safety standard. experience amazing. >>> facebook tracking for its worst quarter in six years, how should you handle the stock decline. >>> facebook tracking for the first quarter in six years find out on tradingnation.cnbc.com i'm ken jacobus, i'm the owner of good start packaging. we distribute environmentally-friendly packaging for restaurants. and we've grown substantially. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it? what's in your wallet? >>> let's get to the cme group in chicago and the santelli exchange >> good morning, carl. if we went into proper forensics, we have to let the market simmer. the

this is the ibm blockchain, built for smarter business. [kno♪king] ♪ memories.eliver by delivering. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flights for us. so i'm more than confident. kayak. search one and done. ♪ >>> all right, we got about eight minutes before we get started for trading here time for "mad dash" with jim, we'll go down the turnpike and take it away, jim, what do we got today? >> 90 miles down, i got to tell you, david, it is really rare in the last couple of years do we see any device abbott labs revealing for its device which boost the mortality rate for people with heart failure. this matters tremendously because this is really a broad market morgan stanley thinks it is the biggest mover they have seen when you get, the survivor rate and hospitalization declined and 35%. you know him and no stranger david, he likes to do deals, this is just a device breakthrough, i think it matters. >> yeah, he's a tough guy. i always remember that deal. stocks of 35% and up again th

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powered by ibm blockchain. the potential of new technology, you can put smart to work. this is the angel oak. some say the oldest living thing east of the mississippi. it's weathered countless storms. battered, but never broken, it stands for the resilience within us all. ♪ >>> we're making tremendous progress with respect to north korea, prior to becoming president it looked like we were going to war with north korea. and now we have a lot of progress. charles: president trump touting his relationship with north korea as kim jong-un vows he'll dismantle a key nuclear site, this as north korea and south korea agreed to an era of no war and the two nations plan to submit a combined bid for the 2032 summer olympics, among other unifying factors. here to discuss, peter brooks, the heritage foundation national security affairs fellow. rebecca, we've talked about this over and over, the idea of being cautiously optimistic. but we're coming up on a one-year anniversary of the last missile test and there have been mor

ibm blockchain.ring this coffee did indeed come from 6,000 feet above sea level. and not a foot lower. ♪ ♪ but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. lou: this is where we are and what we are look at for tomorrow. deputies continue to make a mockery of themselves and the entire process in which they are even ganged at the confirmation hearing of brett kavanaugh. congressman andy biggs told us the dems made kavanaugh look big. mark meadows is calling on president trump to declassify the document on the spying of carter page. nike ignoring the massive backlash aft

at this port, supply chains are becoming more transparent with blockchain. 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. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley ♪ >>> good morning it is 5:43 on the east coast it's 10:00 in europe trade concerns topping the list of concerns for high-powered cfos jackie deangelis has the latest cnbc cfo survey. >>> good morning fears of a trade war are concerning global cfos r