there is no blockchain. fifth, the crypto has a dream of full discentralization of all human transactions. no governments, no central banks, no cooperation of banks, no trusted institutions. it is totally utter nonsense. sixth, crypto land is now subject to the opposite and dangerous trend, massive centralization. mining is centralized and controlled by oligopolies in countries like china and russia. trading is centralized as 99% of all transactions occur on non-secured, centralized exchanges that are being attacked on a daily basis. development is centralized as a technological elite. police, prosecutor and judge. they forge coins into new ones when things go wrong. the inequality for bitcoin is worse than north korea. it is quite an achievement. seventh, there is massive prize money manipulation. pump and dump schemes, spoofing, insider trading, coins created by fiat, used to manipulate prizes. massive criminality. eight, icos associated with securities are non-compliant securities that break all security

there is no blockchain. fifth, the crypto ideological utopia is a dream of -- of all human transactions. not government, no central banks can no corporation, no banks, though financial institution. it is totally utter nonsense. six, crypto land is subject to the opposite and dangerous trend, massive centralization, mining the centralized and controlled by our copies like china and russia. trading is centralized at 99% of all transactions occur are not secure or centralized exchanges. development is centralized as a technological elite, prosecutor and judge. they change the code and force intervenes when things go wrong. any quality for bitcoin is worse than north korea. it's quite an achievement. seventh, there is massive price manipulation and crypto land. widespread schemes, spoofing, insider trading, coins that are created by fear and use the money for -- massive criminology. eighth, i feel associate with security tokens are noncompliant securities that recall security laws that are mostly scams and creat

the opportunity with blockchain is to create more reputation information on the blockchain.the ownership and control of the information back in the user's hand so they can share it when they want to. that will bring new opportunities for people and companies the world over. is it a myth that cannot be changed? >> nothing is ever perfect. that is true in technology and blockchain as well. blockchain gets much farther and recording things that cannot be modified or tampered with which is the important aspect of blockchain. when you have that, you have the ability to store things that people care about and -- and to be able to use that for a later purpose. that is what you have with blockchain. >> how practical will it be to use one sector as an example? building the ledger takes a lot of energy and manpower. the technology around blockchain is still in its infancy. it is coming. there are a lot of companies working on these enhancements so that the cost of putting things on blockchain will be reduced. efficiency will improve. the financial world in particular, that is going to

that is a concept of blockchain.ept is to build a equally, more social friendly environment, that genders, races, social status shouldn't be a factor at all. emily: right. we certainly also don't want women left out of new wealth creation either. , thanker and ceo of iost you so much for stopping by. coming up, tech regulations seems more like a when the -- than if. how much longer will it take? we find out next. this is bloomberg. ♪ emily: reid hoffman got his start at paypal working alongside peter keele and elon musk. he went on to cofound linkedin, became a partner at greylock and is now one of silicon valley's most prolific and successful investors. he bet big on facebook early on and has always been captivated by the dynamics of social networks. our bloomberg anchor david westin caught up with him earlier and asked about the certain distrust surrounding social media and if the government should play any role. >> it is possible that some regulation could be good. it's a lot easier to do a lot of tech industry, t

. ♪ we continue our coverage of san francisco's of blockchain week.ncy is male-dominated. is cofounder of ios t pushing for more female involvement. talk to us about ios t, you believe fits into the broader blockchain and crypto landscape. what makes this a good bet? >> thank you for having me. it is a blockchain -- astructure we are having not only the infrastructure itself but the whole ecosystem. we are helping with a lot of our producers and communities at the same time. >> it was trading around $.12 as of february but now it is close to one cent. how long can you continue to operate without mainstream use of blockchain technology? >> that is a good question. the market is bad at this time. everyone is worried about the price. it is a great time for a project like us. they have washed out the projects that are not focusing on the social bag -- social value. we are trying to grow social value and we will stay in the badet despite of this market right now. we are not worried about the price. to bring social value projects to the world. >> are any cu

what is a blockchain? >> a block campaign is an immutable database distributed through the internet. rather than have all your data in some big data warehouse in the cloud, as they call it, all the data is distributed across all the nodes of the network, so that any hacker who hax one computer can gain nothing except what's in that particular computer, because the information is distributed across the network, you have to capture 51% of all the nodes on the network in order to defraud the network. mark: let me try it this way. you've got a bulk of information about me, mark levin, but bits and pieces are in different parts. so if somebody hacks this part, they don't have enough for this part. they hack this part, they don't have enough for this part. >> they hack the entire blockchain which includes your identification in a time stamped immutable form is distributed across all the nodes with the entire blockchain in its mathematically compressed form on every node, and the nodes are constantly communicatin

david: we are seeing cryptocurrency and blockchain because the currency may rely on blockchain but youith blockchain that you don't do it cryptocurrency. do need to regulate blockchain? we don't normally regulate computer programs. gary: i could not agree more. we need to be technology neutral not regulate the blockchain technology but ensure that its application like euro currency -- like cryptocurrency, investors are still protected. do not suffer from fall -- from fraud. david: -- seems to be moving very fast. do we have the personnel within the federal government to be able to understand this enough to know whether there is fraud going on? gary: it was always a challenge, that is true. i don't think that means we give up. we should still try and protect investors and then there is more confidence in markets and where there is confidence in markets, the more people can participate. we already have something called a bitcoin future on the chicago mercantile exchange. there is even a futures on other contracts as well and overseas markets. you are asking whether it be an option on tha

emily: how is blockchain part of it?ebuilding on network, but ultimately the entire network is open source. it allows for fans to trade in exchange tokens on the network. emily: how big do you think the audience is for this? justin: the event next weekend is almost sold out. we will have 8500 people. a lot of people are just trying to learn about what this is and how it works. emily: you say the idea is to evolve. but once the attendees trade in their tokens, then the festival is over. ? justin: we will try to add which isto the cap basically a wallet that holds the currency and all these outings that you can get that our digital assets. emily: give me a specific example. i buy one of these tokens, i would like to see beyoncÉ. how do i make that happen? justin: that's a great question. as the ecosystem grows, we hope we can see value in fans selecting those apps. ideally, value improves through the entire ecosystem and we will be able to hire bigger acts like that. we've had pretty significant acts playing the events and

this is the actual chart, down percent we tell what you the c if fo said about blockchain. first in business worldwide. in the meantime here is what else is skomg up on fast. >> smoking. >> and that's what they'll be doing tomorrow in canada once it's legal to buy pot. but the dean of valuation says you may want to pass on grass stocks he will explain. plus talk about a bank job >> this is a robbery. >> the market is surging the economy soaring. why are a number of of bank stocks tanking we have the answer and we'll tell what you it means for the market market when "fast money" ron! soh really? going on at schwab. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach

blockchain capital partner spencer bogart joins from us san francisco. good to see. >> you thanks for having me. >> how could this have been the best week for crypto all year when we saw virtually no movement in bitcoin. >> sure i'd say it's a function of the market. look towards the end of last carrier in the peak of the bull market bad news had no affect on the markets now we see the other side of that where we have a week of amazing new was td rk edelman and yale and has no affect on price. but what's important are these are the important building blocks to leading more institutional capital into the space. >> wouldn't it have been more bullish if swenson had actually invested in cryptocurrencies themselves as opposed to funds which invest in crypto related businesses >> absolutely i definitely think that's the next step that we'll see in the take is to go direct into the markets but for now there is uncertainty about what will be the winners it makes more sense to deploy to a fund and plus for a lot of them they're not yet to deal with some of the se

they have with watts, blockchain it's not enough but you have to believe in the turn around story. i like that here you trade it. >> i had owe sin kratic growth means no growth. you are -- you are triend to find the ideaio sin krat being growth you i think ibm is a turn around story that continues to try to turn the valuation -- i would argue the valuation isn't cheap especially for a company -- not -- nothing duplicitous here but they engineered earnings five years and i'm not sure it was real i would stay away from this name. >> watson, no offense blockchain it's a rounding error. >> timing. >> fade it. >> everywhere they need to to be can't get there quick enough the ship is too big. fade. >> don't you acknowledge that watson and blockchain are such a tiny part of revenues that it can't turn the ship around. >> i think it can turn the ship around not today. >> when you extrapolate the growth of those businesses at what point does that make impact in terms of percentage on revenue. >> i think if you look at a stock coming down like this you look back and look where the support is

it is blockchain, haven't you heard yet! some people think it is over relied upon, blockchain.l solution. the technology for which doesn't quite exist yet... that's it, but we are hopeful. that's it, but we are hopeful. that's a bit flippant, but there are lots of technological things that we can do. there's the idea that you can do. there's the idea that you can process goods can do. there's the idea that you can process goods and record them long before they even get to the border. the idea of using blockchain is you can scan any point beforehand and then scan when you get into the uk and you will be able to see clearly the path of origin and you can pay the customs duties beforehand. inaudible i'm bringing new solutions, not problems. the idea you can have different customs arrangements without a clear line with border guards, and men in peaked caps, as the brexiters seemed to say. and women, there might be women. the brexiteers are clear it is men with peaked caps. moving to the sunday times. cabinet mutiny threatens to kill the prime minister's brexit. david davis resigned

slammed blockchain technology.ike he says all the things that the really hard-core bitcoin tribe likes to say, except he doesn't say anything good about bitcoin. i've been amused at how much overlap there is between him and the most hard-core faction of the bitcoin world -- critical -- crypto world. caroline: interestingly, it's not correlated. joe: cryptocurrencies are getting clobbered again today. 10% hard -- crypto falls frequently. who knows? the way i think about correlation is, in a panic, what do you do? you raise money in the currency that your bills are denominated in. i need some dollars. no one has bills denominated in cryptocurrency that i have ever heard of. caroline: i just got pitched by a company saying it has loads of future rentals. joe: by and large, crypto is a very good thing to sell if you need all her. -- need dollars. caroline: talking about buying thoughling, it seems as coinbase, one of the biggest, if not the biggest exchange, has seen a real plunging users. >> they have seen an 80% plun

blockchain has a lot of opportunities to bring out inefficiencies.uld be great to be in a position someday where we improve or fund alone and sell the loan -- a loan, and iselle the loan. loan. sell the the cost of capital goes to zero allowing us to get better values to our borrowers and lower rates. caroline: in the culture was something you were tackling. the helm, there were concerns about sexual harassment allegations under previous leadership and perhaps a toxic culture. that has been something across silicon valley. how do you tackle that? >> i could not be prouder of the progress we have made. secondarily, we want to build a world-class culture. part of building that is defining what matters the most. we defined 11 core values which we think will make us build a foundation of one of the best cultures in the world. the only thing difference between our company and being the best culture in the world, is us. it is not require capital or technology, it requires leaders and a team committed to building a foundation over a great culture. that was

coming up, it is blockchain week in san francisco.he question is, will crypto ever be able to bounce back? will talk about that and the current landscape of ipo's, next. this is bloomberg. ♪ emily: this week, san francisco is hosting a blockchain week, bringing together developers and consumers in hopes of pushing the boundaries of innovation. we have talked about cryptocurrencies a lot this year and especially since crypto's have not recovered from the december high. one man who knows the ever-changing landscape of crypto, the claim this president -- coinless ceo and president. he cofounded the stanford bitcoin group. you are helping with ipo's. what are the trends you are seeing, can this market recover? >> i think it can absolutely recover. what we saw was the market was really starting in 2017 and there was this thing that exploded and i think it was a combination of institutional investors who saw crypto investors getting involved, and then the real tell -- the retail high made the whole space explode. we thought it was unsustain

a is now an adviser at blockchain startup that wants to change how banks share credit data.an undisclosed amount of equity and calls it a unique opportunity. that is your business flash thate and amanda, we know blockchain's already invented a decade ago and there has been a lot of investment going into it. spring labs website saying they are trying to build a more transparent and efficient system now only financial institutions but also for consumers. .manda: that's right what i like about this story is that blockchain's and companies have the potential to disrupt businesses like goldman sachs, so there is an interesting romance with gary cohn. reminder that you can check gtv on your terminal. you can browse recent charts and go back and catch up on interviews. that is bloomberg markets from toronto and new york, this is bloomberg. ♪ mark: i'm mark crumpton with first word news. the washington post is reporting that turkey's government has told american officials it has audio and video proof that the missing saudi arabian rider was killed in the saudi consulate in ista

plus blockchain has financial transparency, it's hong kong's fintech week.uth korea's exports rising 22.7% in october. this is a huge job and much higher than estimates. the estimate was for jump of 18% year on year on exports. , coming from7% weaker figures in the previous month of september. it was due to the autumn holiday. a bigger jump than what was expected, 19.9%. this is leading the trade surplus of 6.55 really dollars. this is interesting because we are already seeing the china-u.s. trade war affect chinese pmi data. we had already seen strong numbers for the first 20 days at the month of october. the problem there is that it was jumping and semiconductors and petrochemicals. that is a key risk for the south korean economy if those exports are not broader. at this moment, october that is strong, year in your exports jumping 22.7. we got cpi data from korea this morning, in line with estimates. let's get a check of what is happening right now. core inflation rising 1.1% on a yearly basis for the month of october. .3% after losing 13% in october. conc

. >>> coming up, blockchain technologies long been touted as an innovator why hasn't it been adoptedhutchins is our gut r the entire hour. "squawk box" begcontinues after quick break. and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today. checkout is at 4pm. plenty of time to enjoy your ride. (bicycle bell sound) ♪ ♪ (bicycle bell sound) ♪ ♪ (bicycle bell sound) ♪ ♪ explore more with a guaranteed 4pm checkout at over 1,000 fine hotels and resorts. it's another way we've got your back. ♪ ♪ the platinum card from american express. don't live life without it. you sleep in your bed and i sleep in...les. oh no, max, did you teach him puppy eyes? [ whimpers ] fine, this one time. ooo! [ grunts ] >>> welcome back to "squawk box. hailed by believers as crucial

blockchain enables people to trade between the two worlds.ccount that is like a normal bank account that you can do with loans in the future and is fully protected, up to 100,000 euro, then you have bitcoin, which enables you to trade and take advantage of this new technology. this is the first time this is happening under one regulated environment. we saw tremendous growth in terms of users. trying to put together a bit quite volatility -- a bitcoin volatility chart on my own, but our chartmaster put one up for me. this is enough to scare anyone away. you mentioned the current accounts are guarantee3d in euros, an indicator that bitcoin is not at a mature level. otherwise why would you guarantee it in another currency? we have the bank accounts and the blockchain technology not perfectly mixed. people are scared to put a lot on the exchanges. increase, big price and many people want to buy it, but there is not enough liquidity. this is the first time you keep your money in a safe environment. you still have the ability to trade instantly. yo

powered by ibm blockchain.nd the potential of new technology, you can put smart to work. - at afor the financialt's time world to stop acting the same old way. you need a partner that is willing to break free from conventional thinking. we are a different kind of financial company. we are athene, and we are driven to do more. cheryl: okay, new york fans, what an end to go a playoff game that happened in the bronx last night. lauren: jared max yankees, red sox. jared: yankees need today win or get eliminated. red sox led 2-1, red sox scored 3 runs in third inning, cc sebathia was gone, christian vÁzquez, 4-0 red sox. sox closer craig has a beer can thrown his way, did it rattle him, walked two batters and hit another in ninth, john carlo could have tied game swung garbage, struck out, neil walker hit by pitch and that scored run for the yankees, bases loaded, 4-3, what happens next? >> here it comes, the 1-2, going to be tough play. throws. >> yankees faced elimination and they were eliminated. [laughter] cheryl

powered by ibm blockchain.understand the potential of new technology, you can put smart to work. ♪ ♪ ♪ >> joe: now the longest game in world series history is on your television. both by innings and by time. 2-2. a double switch as kenta maeda misses her ball one. good work by dylan floro. kenta maeda hasn't looked as sharp. max muncy goes to the second, david freese stays in at first. 2-0 the count on nunez. the pitcher now in the leadoff of the action. started a double play that ended the top of the tenth when he flied to center, and ian kinsler thrown out by cody bellinger. that high, and the count 3-0. we talked to dave roberts before the game about the stuff of kenta maeda. he said it "okay." he kind of slid down his standing in the bullpen. can't throw a strike yet. swinging on 3-1 is nunez. >> john: a little forced velocity at times rather than natural velocity. he grunts a little bit as he throws the pitch. missed a little bit below the zone. >> joe: that home run by nunez, his only home run this postse

there is massive amount of investments in the blockchain and crypt of assets specifically and financialdvisers i'm discovering really don't know much about it. no more than the clients do. which means advisers can't effectively give advise to clients that the clients need. should i buy bitcoin or other crypto assets? if so how much, how do i do it, et cetera? my goal is the help raise the bar of awareness, education, understanding, knowledge so advisers can be of great are value and help to clients. >> do you think this is a separate asset class like stocks, bonds, commodities, at five years from now you'll be talking a asset allocation of 5% in bitcoin or crypto along those lines. >> i'm not sure on the allocation, one to five. but yes i do believe that crypto assets are an asset class bab, a store of value like gold and precious metals, oil and requests with, natural resources and energy yes it's an asset class, here to stay but most people today don't understand the blockchain. don't understand crypt off assets still call them cryptocurrency for example. we need people to be more awa

there's the blockchain. there's space.there's the energy revolution, i do not just talk about green energy. i'm talking fracking, talking about moving from higher carbon to hydrogen content fuel and other stuff. there's a bunch of revolutions that are occurring that are going to have major impacts on the society over the rest of this entry. we are only seeing a limited amount of it. all of it is based on the fact with no computers and centers and networks all over the place that a gathering data and doing big data analysis of it. and i, augmented intelligence as i referred to color rather than artificial intelligence, it is intelligence we were using network computing to enable us to better perform tasks computer tasks we never did before in collaboration with technology. and it's part of the natural evolution of our species to incorporate these new tools and enabling us to do more. >> host: another the phrase from the book, kill your tv. >> guest: kill your tv, well, what happened to television? exactly. i mean, if you're

blockchain is real it's technology.ut bitcoin is not the same as a currency >> he speaks his mind. he does openly today is the tenth anniversary of bitcoin it's only been ten years right now, $6,258. >> did we bleep out damn >> no. >> he said i don't give a damn >> no, i don't give something else >> he is talking about blockchain that's what most companies are talking about now. >> i think it's the safe thing, if this becomes a thing we have to become involved >> use the dog >> the shih-tzu? >> yes >> you uncomfortable, mike okay >>> jamie dimon also weighed no, i don't trade war with china and he suggested it be called a trade skirmish >> a trade war is people stop trading with each other and they immediately change supply lines and that will rattle the global economy. there's no question about that that is a lot of movement around the world. then you can have foreign trading partners taking actions. through can offset -- it can cause a recession. it's not a war a war is people, you know, pick up guns and people die >>

this is the ibm blockchain, built for smarter business.o run on the ibm cloud. this is the ibm blockchain, built for smarter business. the meeting of the executive finance committee is now in session. and... adjourned. business loans for eligible card members up to fifty thousand dollars, decided in as little as 60 seconds. the powerful backing of american express. don't do business without it. 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 >>> and welcome back to the "halftime report." we're watching what's happening with the energy sector on thes heels of low oil prices. we're watching shares of newfield exploration, also marathon oil and the oil majors. chevron as well as exxonmobil. want to call your attention to some of the outperform

, and blockchain could be instead of government regulation which would be a great solution. >> robertank you. >> thank you, guys. >> if you win the lottery you can, too, buy some of that expepsive art that robert just talked about the mega millions jackpot now sitting at $900 million. that's the second largest ever in u.s. lottery history. frank holland is live in new jersey, not so far from cnbc hq. frank, did today >> reporter: good afternoon, dom. you're not the only one. any one of us could be six numbers away from a nine-digit jack pot tonight the powerball that jackpot about $345 million not too bad, but the meg ark millions is on friday. right now it's at $900 million by then it could be up to $1 billion so if you're thinking the jackpots are getting bigger and bigger, you're actually right, and there's a catch and it doesn't matter when you get your numbers from one of the computers, a quick pick, use lucky birthdays, your chances of winning are actually smaller because the mega millions and powerball changed their formulas they wanted to increase the number of people playing

powered by ibm blockchain.nderstand the potential of new technology, you can put smart to work. good morning and welcome back to our show. will shade the market activity. we are down 84 points. the losses continue. tesla is expanding overseas. according to government records this transaction cost about a hundred $40 million. that is the wife of the doj investigator. all part of the investigation. into election meddling. they will reportedly reveal of the results of his probe shortly after the midterm elections. rod rosenstein praises the mueller investigation. republicans say they may try to if they win enough seats in november. we do it. we are not satisfied with the way it's working". despite having a seat in trump territory joe donnelly. in the businessman. joining us for more on this race. good morning. let's just remind everybody he is a democrat watch. not on my watch. funding the border wall. kristen, he sounds like a republican. i have the good fortune to work with him. joe doesn't care if he's working

it is a combination of blockchain and human intervention at the beginning.we are looking ahead to the couple of days ahead of you. we are covering some really interesting topics. we have been talking about the trade war, the slowdown in china, some of the headwinds when it comes to the demand side of things. there are existential questions about sustainability, diversity and have technology creates ettore and is -- better industries here. >> let's get a quick check of the latest business flash headlines. insurance will be want to watch later after reporting a jump in third-quarter operating profits. many say it better reflects performance. operating profits increased to more than $12 billion in the first nine months. implying a rise of 12% over three months through september. morean is focusing on technology. this is a slowing economy. meet more help stringent requirements. separately back of china reported an increase broadly in line with estimates from bloomberg intelligence. >> let's get a quick check of the asian markets. we are seeing australia and new

at the same time, walk -- working actively on some of these blockchain experiments.ve been issuing our own tokenized digital dollar. paul: global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm paul allen. this is bloomberg. ♪ david: let's have a closer look at southeast asia and the equity markets. indonesia is the one that comes online. we have thailand in the next hour. we're looking at the philippines as well. 7010, the low for the year. we are very close to that. look at the klci as well, trading lower. the philippines and malaysia come agency it higher. out, tradeers were numbers were out in the philippines. you look at the swelling current account deficit and ask any strategist, they will point to we arer the reason seeing this, the exchange rate moving up to 54. be down due to external environments. growth slowing as well. the bigger story in the country is is it overheating? you look at the imports going ato that as a function of record current account deficit? we are moving

when do you get for example the .itcoin blockchain >> i don't know that will ever happen to bitcoin.the cost of changing my dollar or my euro into crypto assets? a debit now if you use card or bank account i think within the next year that will be down to 50 basis points. fidelity stuff. all these sorts of new changes popping up. when you can drive costs down. fidelity more of a catalyst a catalyst in the market yesterday. why aren't we seeing more pickup. that used to be significant. >> two years ago that was a huge run. we're waiting for actual adoption to pick up. for that you need scalability. it's easy to say you just create an act. here these are all markets. if you don't have scalability you don't have markets. are not seeing a pickup and rebound in the overall crypto market for two years. beforeould see a rebound then. that's going to be the real catalyst that drives the huge network. >> what kind of price will you see. >> crypto space overall. >> interesting you've got funds that back some of the startups that are going to solve the scalability issues. you also track bit coi

blockchain-based social networks like steemit (steam- it) and permission i-o (eye-oh) are already doingat.ned scott, ceo, steemit: "we can see the world's billions of people find opportunity online to earn and make a living in ways that they aren't able to today." steemit c-e-o ned scott says his platform has distributed $40-million dollars worth of digital currency since 20-16. the company says they do not sell any user data, meaning users are able to earn tokens in exchange for content--which keeps control of personal data in the hands of the users themselves."permission i-o" pays users to watch ads.c-e-o charles silver says his platform doesn't sell data to marketers or advertisers. instead-- users interact with those advertisers directly. charles silver, ceo, permission.io: "your data has tremendous value. a user will choose what they want to watch, based on how personal and relevant it is. combined with how much an advertiser is willing to pay for them to watch."both pay you in the form of cryptocurrency, which you can cash out in dollars. when you use centralized sites like facebo

this would -- so this provided a nice context, because there is a lot of data available on the blockchain tons of data out there, which is a researcher's paradise, but it also takes creative methods to use the data and group the data, so that is kind of our field experiment. romaine: what exactly was the conflict you found? john: well, i guess what we found is two main things. one, that win tether is issued, that the tether is then sent out within three days, typically into the wild. and it is usually sent in a particular pattern, like after there is a large price decreas.d it is sent out a large groups and the price rallies afterwards. we found the nature of that price and pattern could not happen by chance. when we ran all kinds of simulations, we found it never happens by chance, which is consistent with what you would expect in terms of a large player moving the market. that if you buy a large amount of bitcoin in a coordinated fashion, you will move the price. that is the first thing. the second main pattern we found was that around a month in, that the bitcoin price drops. but not a

i am less certain when that is neo, of the ether, 100 odd blockchain's, how they will fit together to web three point know -- >> until then, it is a scarcity play? michael: you also have to look at who is adopting, are they a market leader? there are plenty of cool technologies with money behind them. >> you are a macro man at heart. i want to talk for a moment about the markets. you can't ignore them and you still run a macro trading operation. outside galaxy digital, if i am not mistaken. michael: correct. 500, you look at the s&p the 10 year, high-yield spreads over, dollar index at 95, i could go on, what does that tell you? michael: listen, we have had an yearsevable run for nine in equity markets. is getting narrower and there were. from has a big election coming. instinct is he gets beaten badly in the house. even if he gets beaten, the trump trade which drove this last run out is degraded a bunch. rishaad: exclusive interview with michael novogratz. yvonne: a check on the latest headlines. staying on digital currencies, fidelity investment is jumping into the crypto array know

the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market. >>> now that the dust has started to settle on last week's brutal breakdown, what can you buy at weakness? how about yum brands here is a chain we have liked for ages i have been a big backer of yum. i certainly didn't want anything to do with that. and the stack has worked its way higher the resilience of yum has been incredible the darn thing keeps chugging. a nice entry point in a stock that is hot. ever since the break up in 2016, i have told you to stick with yum brands over yum china. while the heard in yum has consistently done very well for itself, but that call has been very right in july of last year, i told you yum brands was the better buy. yum china lost 16% we are getting into an honest to good trade war, i doubled down our government is slapping tariffs. sure enough yum brands rallied 5% and yum china down 20

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.king news. the radical dimm operative who leaked information about three republican senators had a secret twitter accounts in which attacked republicans. his name is jackson costco. he used his account to tweet, republicans are bad and dumb. he also questioned department of homeland security. leland keyser who was thrust into the national spotlight told fbi investigators she was pressured by ford allies to change her statement regarding ford's accusation. her first statement said she didn't know kavanaugh and couldn't recall attend tag party where he was present. she changed her statement to say she didn't refute ford's claims but she has no recollection or knowledge of kavanaugh. keyser told fbi investigators she felt pressured to clarify her statement by monica mclean who was searching for classmates to strengthen ford's claims against kavanaugh. joining us, gregg jarrett. author of "the russia hoax." let's start with mclean. and her role in want to go make sure that keyser was fresh

. >> north korea i think is having a blockchain bitcoin conference this week.g at some sort of cryptocurrency. >> if north korea were to open up and say, "hey, bitcoin is the national currency," all of a sudden you will see all sorts of activity there. 40 years from now, it might be the south koreans that want to get together with the north rather than the other way around. freedom bills prosperity, freedom and open, fair environments built prosperity, and if you have a dictatorship and you are trying to control your country in some way or another, trying to over regulate your people, they will leave. we can leave. speaking tor, stephen engle at the world knowledge for. earnings season is getting underway, and the first is netflix, who releases numbers on tuesday. last quarter subscriber growth was just one off. here's the u.s. director of research, pulse wiener -- paul sweeney. how are we doing? >> this is definitely an anticipated earnings release, it's always an event with netflix releases earnings, given how the stock has performed over the years. investors

trump economic advisor has a new role and is now the advisor of the blockchain startup wants to changehare data. opportunitya unique and is formally the president and chief operating officer from goldman sachs. that is your business flash update. recovering from a selloff this week. investors are still feeling the pain, particularly in e.m. which had a horrible run. here is a chief macro strategist. thank you very much for coming back on the show. what you make of this week? a lot happened. >> a crazy time to come on. at the end of a wild week in markets. we need to take a step back and see what the landscape is and what people are talking about. it going into the main risk in was post fomc, the gap the between the fed stock, -- fed., and it was the speed of the move that i think caught equity investors off guard. bonds spilled over and as markets reflected, you have a bigger move throughout the week. the nature of the selloff changed in the middle of the week and we start to get instant earnings data out of things like though they beat earnings, they missed on gross margins citing pre

powered by ibm blockchain.u understand the potential of new technology, you can put smart to work. >> my curiosity wasn't what came out of kanye's mouth. what was coming out of trump's head. imaginary headlines. black smoke trump. he's blairk than obama. look at trump here, superman, sure i am. i can do anything, i can save people. i wonder if images of hurricane michael came into his head. trish: that was unbelievable. that was cnn host chris cuomo speculating what was in the president's head. i have a tip to share. one of the most of basic things in journalism is a journalist does not speculate. and this tirade from this guy goes even grand speculation. how bizarre is it to put your own word, your thoughts into someone else's head in this case the president of the united states. it's very clear there is a bias at cnn. there is a bias and it's clear they are not interested in it in presenting news. despite running a slogan they are the most trusted name in news. this anchor and the left in general are clearly

blockchain-based social networks like steemit (steam- it) and permission i-o (eye-oh) are already doinghat.ned scott, ceo, steemit: "we can see the world's billions of people find opportunity online to earn and make a living in ways that they aren't able to today." steemit c-e-o ned scott says his platform has distributed $40-million dollars worth of digital currency since 20-16. the company says they do not sell any user data, meaning users are able to earn tokens in exchange for content--which keeps control of personal data in the hands of the users themselves."permission i-o" pays users to watch ads.c-e-o charles silver says his platform doesn't sell data to marketers or advertisers. instead-- users interact with those advertisers directly. charles silver, ceo, permission.io: "your data has value. a user will choose what they want to watch, based on how personal and relevant it is. combined with how much an advertiser is willing to pay for them to watch."both pay you in the form of cryptocurrency, which you can cash out in dollars.when you use centralized sites like facebook, they co

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.ur online poll last night, we asked would you support president trump's order to seal the southern border. 98% of you say absolutely yes. and here is where we are today. what we are look ahead to tomorrow. president trump striking that historic deal with the mexican government, agreeing to halt the caravan of mostly honduran nationals. the mob crashing through the mexico southern gates today. saudi arabia admitting jamal khashoggi was killed during a fight within the saudi consulate. two officials fired including the deputy intelligence chief. president trump continues his western tour 18 days before the mid-terms. tonight a big rally in mesa, arizona where he's supportnate a mcsally. trish: tonight, all eyes on our southern border as a caravan of 4,000 migrants break through a gate at the guatemala-mexican bored. they are heading here to the united states. president trump in the border state of arizona promising to do whatever it takes including sending the u.s. military to prevent th

powered by ibm blockchain.stand the potential of new technology, you can put smart to work. looking at 300 point selloff folks as we continue to monitor with turkish president is saying before parliament he says 18 people arrested in saudi arabia in relation to the killing of the saudi journalist jamal khashoggi matches turkey intention he says there are strong evidence that killing was planned and that turkey will investigate the murder of khashoggi in every way possible. he says that saudi team of three people landed inist tan bowl a day before killing. and he also says that team of three visited forest in istanbul. about 55 miles south of istanbul that saudi consulate cameras were removed at one point. he adds that he does not doubt the saudi king sincerity in all of this but certainly some very -- con nicting headline it is that we're getting from both sides here. >> all right well, obviously, as we monitor what's happening in turkey and market selloff we have big news in sports lebron james, still is looki

powered by ibm blockchain.tand the potential of new technology, you can put smart to work. ...if we listened more? could the right voice, the right set of words, bring us all just a little closer, get us to open up, even push us further? it could. if we took the time to listen. the most inspiring minds. the most compelling stories. download audible. and listen for a change. and an ice plant.rs with 70-megawatts, 35 mules, download audible. but we brought power to the people- redefining what that meant from one era to the next. over 90 years later we continue to build as one of the nation's largest investors in infrastructure. we don't just help power the american dream. we're part of it. this is our era. this is america's energy era. nextera energy (guard) whacontrolled fury.... freakish intelligence. wicked seduction. these endeavors will rattle your soul... and challenge the contents of your stomach. if that sounds dramatic... it is. but some give their clients cookie cutter portfolios. fisher investments tai

at this port, supply chains are becoming more transparent with blockchain.or 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 a night for wisconsin sports. no kidding jared max interesting trend this week and what a game. >> both really good games but this is cool sunday night boston red sox won a playoff game and new england patriots but last year in darely land worth staying up late for cows to come home to see this. lambeau field late fourth quarter and game tied. packers then intercept and a minute to play no timeouts at this point aaron rodgers shows how special he is. running up middle for 21 yards and then rogers

blockchain was no driver to amd.says the related gpu sales in the third quarter were negligible. joe: you have to wonder, whether thosere getting hit if miners are reselling or chips into the markets competing with the original once. caroline: secondhand. joe: for more on today's top stories, a series of suspicious packages were sent to various democratic politicians as well as cnn. shannon pettypiece joins us from washington. thank you for joining us. what is the latest right now on this developing story? at the: we are here white house and we are waiting to hear from the president as he leaves for a rally in wisconsin. he should be coming out any minute. oftentimes, when he heads to these rallies, he will stop to talk to the press on the way to the helicopter that takes him to air force one. it is possible he might come out and say something. situations, the white house has struggled to set the right tone. the press secretary came out with a statement, the vice president came out with a statement that the president

this is the ibm blockchain, built for smarter business. ibm cloud. this is the ibm blockchain, built for smarter business. each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> welcome to the second hour of power lunch the fed is set to release the beige book in a few moments. the s&p is nasdaq are a few points off of session lows as we head into the beige book s&p 500 holding on to 2,700 right now. the beige book is out. >> reporter: tariffs and the tight labor market, those are the key themes out of the beige book today the fed said they're pushing up prices across the country. the fed doesn't appear to be too worried about those dynamic just yet. the price increases are happening at a modest pace, but there are pocket