that leads me to fees, cathie. you guys have cut your fees and pretty specific and arken 21 cut their fees and down to 0.21 basis points and after waiver of $1 billion in investment and what's the reasoning behind that and lure for investors and beat out the blackrocks and fidelities and bit wises of the world? >> yes, we have always considered bitcoin for a public good and this is a technology and a new asset class. when we say public goods, we're talking about effectively a financial super highway. we're not looking to maximize profits and looking for other funds that actively manage to serve that purpose. this we wanted to make sure we provided access and we form our founding and by the way, we were the first asset manager, first public asset manager to give our clients exposure to bitcoin in 2015 when it was $250. but since our founding, we've been all about -- when we think it's only begun. it's been a wonderful ride. we were early and we're definitely going to stay on this horse. the democracy that we set out

as cathy says, people did not understand _ support. understand as much _ support. as cathy says, people did not understand as much as - support. as cathy says, people did not understand as much as you - support. as cathy says, people did not understand as much as you try| support. as cathy says, people did i not understand as much as you try to tell them _ not understand as much as you try to tellthem. once not understand as much as you try to tell them. once they sent the drama, they said _ tell them. once they sent the drama, they said did you see those poor people _ they said did you see those poor people in— they said did you see those poor people in england, what they went through— people in england, what they went through and we said we went through that as _ through and we said we went through that as well. fire through and we said we went through that as well. �* , ., through and we said we went through that as well-— that as well. are you waiting for final compensation? _ that as well. are you waiting for final compensation? i'

>> cathie, it's joe, and real quick, i wanted to ask you about the ceo change at trillio.s that give you confidence or do you think they are not doing enough? >> we know there have been activist investors involved, so this seems to be the outcome of that. we have believed some of the parts is worth more than the whole. i think i checked this morning, it's selling at 2.5 times sales, roughly 15 times ebitda, and we think it should be one of the prime beneficiaries of the artificial intelligence breakthroughs we are seeing because it has so much proprietary data. we will be watching carefully to make sure that they follow-through on a lot of the ai promises that they made last year. >> thanks very much. we are going to have much more on the expected approval of a spot bitcoin eft on "eft edge," as we launch our seventh season, and cathie will be with us, and dug joonas will join us as well, and he's going to update us on where the developments will be going, and then all that is coming up on "eft edge" at 1:10 eastern time. back to you. >> thank you. cathie, good to have you

joining us now ark invest ceo and cry canno cathie wood.ot of people in the space that you've been living in now for quite some time. the big question i want to ask you and it's really, now talked to a number of players in this space. as you introduce your etf, how are customers, the public, supposed to see think of the distinctions between the way you're doing it, the way blackrock's doing it, fidelity is doing it, grayscale and how should they think about the distinction distinctions? >> we think arkb that three competitive advantages. the first is the infrastructure and operations competitive advantage. we are partnered with 21 shares, which is the largest pure play crypto etp provider in the world. it has $2.5 billion of assets. 40 funds over 5 years through all kinds of markets and forks and havings and airdrops. so it's been through it all, battle tested. so our infrastructure is there, and i think it's the only one, we're the own ones with both the crypto and the etf expertise. two -- our research. we have been researching bitcoin fo

so indeed indeed, cathy, let me bring you into the conversation. the 1st argument that israel fundamentally made was that 55 africa is the legal arm of her mice. and that therefore they have no credibility in making this case to the i c j. do you think they offered any legitimate evidence that south africa is operating as approx proxy of how much as the claim? and what did you thought was effective and in effective 8 in the arguments they presented of the claim that south africa is acting as an eagle. all of her most is basically relevant, even if it were true, even if it's, if it's, if south africa, southern taking orders from us. what the cortez to decide is the merits of the coast to south africa brings. so the figures of stay to the right under the genocide convention to bring this case accusing it to bias is not really getting argument very further. we need to apply the new rules as an christian and marches of the state bringing the case so that that argument was just a bit irritating. to be frank and it's a red herring. i'm the most effective

cathy come home by ken loach, of course, is a famous example. mcgovern�*s hillsborough was another one as well, which resonated with the public, these dramas, but they're underpinned byjournalism. what the drama did was hit the emotional resonance of the characters lives in a way that hasn't been seen byjournalism because there was literally nothing to film when i got hold of this story first, there was literally people who had experiences that you could interview them about and buildings that you could film. there was nothing that actually spoke in pictures of what had happened to them. so that's why the drama landed, because it's suddenly brought this to life in a way that there wasn't any documentary footage about what was going on in these people's lives before. one of the interesting things is the anger about the behaviour of people in senior positions at the post office and around them. and it's interesting, there were very few interviews over the years with anyone from the post office about the horizon it concerns as the story did begin t

its worst daily percentage decline for more than a year after elon musk warned of a sales slowdown cathieood scooped up $32 million of shares and wedbush sliced the note saying he had been dead wrong to expect musk and his team to step up like adults in the room on the call stay tuned later on this morning when we talk to arjun. >>> let's look at other company stories with intel it is also seeing declines with $20 billion wiped off the market cap after its revenue outlook was short of expectation intel's heavy investment in a.i. has put pressure on margins which fell to the mid-30s last year that trend is reversing with the adjusted gross margin at 46% in the first quarter. the ceo pat gelsinger says the firm has $2 billion in orders on the books in chips and expects better sales later this year >>> we're getting an early indication on how that result will read across to intel's u.s. peers with amd and nvidia all down in pre-market trade you can see them on the screen qualcomm is down 2%. similar moves from micron and amd looking as the biggest loser in pre-market which is lower by 3%. >>

speaking of cathie wood and ark.g for them to do something on the bitcoin. the important thing, there are 13 companies that filed for bitcoin etf, cathie wood is first in line. they are supposed to give her thumbs up or no next week. a wide range of fees. it's a rather complicated approval process. let me run it through you real quickly. basically, this is a new thing. we've never had a spot bitcoin etf before. there's two steps. there's a 19b-4 filing, where the exchanges have to file with the s.e.c. how they're actually going to do the trading. nyse, nasdaq is involved in negotiations about how this product is going to work. then the normal s-1 filing. everyone with a new security has to file an s-1 that describes what the security is, who's running it, that's normal. this a two-track process. we don't know how it's going to work. the industry is hoping that they will approve the 19b-4 filings and the s-1s at the same time. we don't know if that's going to happen. they may approve the 19b-4 and only approve some of

runs the sse and not a big fan of crypto, he has got to take it more seriously, we have heard from cathyig asset manager, she is one of the people who has put in an application for an etf and she said they have been getting lots of technical questions from sse officials in recent days which suggests they are dotting the eyes and crossing the teas but even she says who knows? the problem is, if it doesn't get approved expectation is so high that there is a worry that the price of bitcoin could at least temporarily... mice that the price of bitcoin could at least temporarily... nice gesture at the end! thanks _ least temporarily... nice gesture at the end! thanks for _ least temporarily... nice gesture at the end! thanks forjoining - least temporarily... nice gesture at the end! thanks forjoining us. - to the us now where the electric car giant tesla has been knocked off its top spot as the world's biggest electric car company by sales. they've been overtaken by their chinese rival byd who posted record numbers on monday. this despite tesla just posting record deliveries for the last three

been speaking to a us special correspondent cathy kay from washington, dc.storms, snow as well. people have lost power. it did not look so bad in washington, the weather not so much drama, but the political climate dark. h0 much drama, but the political climate dark.— climate dark. no storms, but something — climate dark. no storms, but something in _ climate dark. no storms, but something in between - climate dark. no storms, but something in between the i climate dark. no storms, but i something in between the pentagon and at the white house of a storm. lloyd austin we now know had prostate cancer surgery back in december and because of complications from that surgery, he went into hospital shortly after christmas, stayed in hospital, went into icu in a week, and none of it at the white house knew about. obviously he is in the chain of command, there is a written process and lloyd austin as part of that. god forbid there were to be some kind of attack on the american homeland, some kind of nuclear attack, it would be lloyd austin who would be critical to t

cathie wood on the potential for the bitcoin spot etf. to gains. everything else in the red ♪. larry: hello folks, welcome to "kudlow," i'm larry kudlow. former president trump in court today in washington, d.c., arguing that he has presidential immunity in all

. >> reporter: for businesses like cathy's, those fees can add up.anies. the cash discount has long been common at gas stations, and often your plumber will offer you a better cash deal as well. the amount of cash purchases with a discount soared 66% from 2015 to 2022. andrews young has only been using cash for two years and saves $50 a month. >> i can get a discount, why not? >> reporter: now you can find discounts discounts at places you wouldn't expect. if you're getting married, you're in luck. many wedding vendors will give you a iscount if you pay in cash. and for andrews? bowling. >> some of the places i'm seeing the cash discount useful is in gas and entertainment and service-based work. >> reporter: and we're not talking chump change. they can range from 3% to 10%. most transactions are still put on credit cards, so cash may not be king just yet. it won't build your credit score, but it does offer one other benefit. when you use cash, there's no interest rate on it either if you can't pay it off. >> correct. so once you use it, it's paid for

cathy slowly all the 0 nairobi rescue workers are continuing to search for survivors after magnitude 7.6 us quake hit west in japan on new year's day, the area was dropped by a powerful off to shop early on wednesday, 373 people are dead and dozens more traps and collapsed buildings well than 30000 people are an evacuation centers. japanese authorities, one more major quakes could follow in the coming days to thousands of junior doctors in england. how big on a 6 day strike over pay and working conditions. it's the longest industrial action in the history of the case national health service. sonya guy here go, has the details. it is the busiest time of the year in hospitals up and down the country in winter, when hospitalizations normally peak, the pressures on the health system. all right, the highest level. but after years of unprecedented strain, no end in sight. the long running pay dispute between your doctors. it is weighing heavily on those working in the public health system. strongly connections. net but a good thing. no one wins from strike action, but it's the only thing t

way out of whack, conceivably. >>> cathie wood will be joining "halftime" today. 12:30 eastern.s for us, our live market coverage continues right after this. together, we built something truly beautiful. it takes years of dedication to get to this milestone. the new york stock exchange is a symbol of what america is all about the potential of an american dream. it is day one. a lot of work has happened to lead to this historic moment. the only way you can move a society forward is a true expression of freedom. ♪♪ (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. all right, sheila, are you throwing a dress like a dad party, a birthday brunch, or a vow renewal for your dogs? yes! the right drinks delivered for any party. drizly. we planned well for retirement, but i wish we had more cash. you think thos

. >> so, cathie wood's on "squawk" a few moments ago saying her base case for 2030 is 600,000 and bullase is $1.5 million. >> i wish i could get away with saying that stuff. i was investigated on air because i said google was too low, and they called me in and said, what are you kidding? they did a ten for one split. i think you can see people are promotional, but i would say this. there is on online love affair that flew in the face of what jamie dimon said, who is the most respected banker in america, and what the late charlie munger said. the opponents of this, i think, are now being viewed as if you haddy fuddy-duddies. the customer is right, jamie dimon. one of my moments in discussion with jpmorgan is, i've been with you for 30 years. the customer is right. they were, like, then, take your business elsewhere. the customer is so right, go to fidelity. >> so, your point is the market has -- is speaking. >> right. i mean, you want to override events? fine. you want to be a luddite? you want to go smash the loom? be my guest. let's accept the loom. >> are you going to tell subscriber

cathy, sorry all to 0 contessa gregory them 10 go. soto is a former member of the u. n. a group of experts on democratic republic of congo. he says there are many concerns if the election was run of the fact that the opposition is decided not to go to the constitutional court, but to send it. support is out of the streets, does set things up for confrontation with the security forces. and we'll have to see whether they can mobilize significant numbers of people. this what i need to work is a strategy. if you get millions of people thousands of people, i would cut it any anyone's hiding. that'd be no mist problems with the conductive, despite i mean to have a type of 6 days to have the fact that these both are cards are many cases couldn't be read by the machines. so they did it manually. that electro rouse when published . they're not going to be publishing results by both things. station results from 11000. i think bating stations i took the 85000 haven't been received yet. so there are huge problems and there's lots of grounds, but we have room for the opposition to sa

of the wedeleidi competition, the ukrainian lesya tsurenko was supposed to play against the british cathy boulter, but withdrew from the match. elina svitolina held her debut final in the new year. the day before, the first racket of ukraine lost to the american korigov in the decisive match of the wta 250 tournament in oakland. the tense confrontation lasted three sets. the ukrainian won the first tiebreak game 7-6, but the american won the next two games 6-3-6-3. defeating svitolina, the reigning us open champion also defended her title in oakland. svitolina won four times on her way to the final, including two grand slam champions, denmark's caroline wozniacki and britain's emma radukana. he was called kaiser franz, it was almost impossible to pass him on the field, well , oleg blokhin passed, and he plays perfectly in the center of the field, and in attack franz beckenbauer, he is gone, the king of german football without exaggeration. literally an hour ago , it became known that franz beckenbauer, the legendary football player of bayern munich and the german national team, died. he w

cathy and ralph fenton from indianola say nothing will keep them away. >> we'd walk through broken glass to see trump. >> reporter: you would? and to caucus for him, too? >> yes. >> yep. >> reporter: but other iowa voters, like dan obson have soured on the former president. >> no. i voted for him in the first run, and i decided i didn't like what i bought. i dont like his policies, or how he treats people, or other countries. >> reporter: he says he'll probably caucus for nikki haley. >> happy caucus day! we are so excited it is finally go time! >> reporter: haley has gained momentum in the final days, now polling in second place. our eva pilgrim with her in adel. >> you said you were going to have a strong showing here in iowa. what does that mean? >> we won't know until we see what the numbers look like. you know, we want to have strong so that it can catapult us into new hampshire, we expect it to be a two person race in new hampshire. >> reporter: the candidate with the most stake, florida governor ron desantis. >> are you ready to brave the cold and make your voice heard tonight? re

outskirts of brussels from here, which will find its way to thousands of full families in the belgian cathy. so despite the decline and the rate of inflation in the euro's own, from its peak of more than 11 and a half percent, and 2022 to 2.9 percent at the end of last year. food prices have remained high and millions of europeans are struggling. the number of people we have is constantly increasing. not by too much, i mean a few percent each year, but it's a, it's a realtor. in fact, it develops very products and wrap some more than 30000 poor people delivered to your every day with poverty levels going up in many european countries. more and more people are depending on food donations. turning what started a small hand those into a well oil industry, a free food, with a tax on ships and the rep sci fi us that the guys i work with escalate in the middle east and energy prices remaining high after rushes invasion of ukraine hopes of economic relief this year being dashed, the european central bank maintaining the hold on interest rates.

hello, cathy. hi. it was a discussion with the licensing authority. the dc bar, she is justified to do whatever you can get away with the prevent any resolution in my visible disclosure, right? in the, in the a protective her clients, the agency that she also leads the agents that are supposed to protect the integrity, the federal civil service. can you see where kind of a has like setting? yes. and so, yeah there's, there's an inherent conflict of interest here that you just can't get past the right. and then the legal profession, legal ethics, just don't address the scenario of the, of a lawyer. the word spread, government agency who actually implemented that was right old address. right? a default to this. that's my client. my client is never wrong. i'm a hired gun. i'll do whatever i can protect my client a good. so here we are 30 years later and i must say my perception, i must have made some what's written in world in which trust them in federal and so these other institutions continues to decline. and i'm gonna post a job as to why it should lo

cathy, sorry, all to 0. kinshasa, people around the world continue to say good bye to 2023 and celebrate the start of a new year. a new york sewer now and full drop in time square mall started for the 25th and the us east coast. tens of thousands of people the way through the housing because to get a good view of the inside. the car is also running in 2024, with a laser show and fireworks in the city of new sale. is rarely use of mount the stats of new year under the threat of missiles fired from the gaza strip. israel's, i'm done defense system into a set of rockets. and a ton of is about a minute past midnight. some revellers took shelter while others continued to celebrate the streets. people in ramallah have held a rally in solidarity with the population of garza. i mean, the ongoing destruction in the strip in run con, has this report, a residence, a romanella around the streets for india as a. but this is not a celebration by any means. this is this all. there are a few riley with the people of jobs or let me just show you because of the, the list of about 80000 names a fraction of

cathy sorry, all the 0, narrow the former president of sierra leone, and there's a guy called all my has been off a temporary exile in the capital of nigeria could almost be charged with treason over a failed coo in november, when government attacked the military barracks on to prison, the exile is part of a deal broken by the regional economic lock known as echo was go head for a boost on so as a if the deal is approved by seattle. lee owns company president. a positive junior doctor's in england has begun a 6 days drive over pay and working conditions. it's the longest industrial action ever in the u. k. is national health service. sonya diego has the details. it is the busiest time of the year in hospitals up and down the country in winter, when hospitalizations normally peak, the pressures on the health system. all right, the highest level what else to use of them.

hello, cathy. hi, it was a discussion with the licensing authority, the dc bar. she is justified to do whatever you can get away with the prevent any resolution to my visible disclosure, right? in the protective her clients, the agency that she also leads the agency is supposed to protect the integrity of federal civil service. did you see how were kind of a house like setting gets it so yeah there's, there's an inherent conflict of interest here that you just can't get past to try. and i know i've been the legal profession, wiggle ethics, just don't address the scenario of the of a lawyer who works for government agency who actually implemented i was right old address, right? default to this. that's my client. my client is never wrong. i'm a hired gun, i'll do whatever i can to protect my client. a good. so here we are 30 years later . and i must say, my perception, i must have made a somewhat threatened country in world in which trust and in federal end to these other institutions continues to decline. and i'm a post the job as to why it should look like. well,

cathy sorry, all the 0 come by law to display syrians living and comes across north west series, struggling to cope with harsh winter conditions to venture. right. and so, of course, the flooding of accounts and destroyed all the 10s, people saying they've lost all of the belongings. no money you can keep up to date with all of our news on i would just say about don't call the stream is next. the the aging top is being played in cats are from a rock or 3rd time 2014 or continue from the trophy. there can only be 4. can you if you run across the action out of the tournament, phase and cost with the world's attention turned to all other major crises. the war in sedan seems to have fallen off the reader in 22. 19, we saw social media turned a hash tag blue for sedan, as thousands expressed solidarity with a huge flood revolution. they are now in the face of a new wave of violence in the country where have all the hashtags and support gone on to these forces in this industry the what is going on. and so then right now, unfortunately there isn't that much media coverage on it. you won't see much

cathy are really good to get your thoughts and your analysis, georgia. thank you very much indeed for talking to us. thank you. the cost of what a fine is continuing between his writing forces on his beloved flight doesn't 11 on out as it was nor hon. visited towns along israel's northern border with thousands of people have been evacuated. the tense quiet in northern israel, punctuated only by cross board of 5 between. he is ready army and has full of books with several military sites hit in the past few days is where i was preparing to file the escalation. the group hezbollah says it was the response. these ready military assassinating senior commodities in lebanon, about 80000 people have been evacuated from the northern border farther west. this becomes more evident either i just said, it's not just behind me. and these houses, hundreds of people have been evacuated, and soldiers have moved in creation of quite a sum that it's residing across the area in multiple towns across the board. as the government says, tens of thousands of people in fact, cho

on the stand now is cathy gibson marshall, assistant principal of oxford high school. she was walking down the hall. they believe they had an active shooter, but here's what makes her, i say, special. she taught ethan crumbley -- and i'm saying his name -- but she taught him in elementary school. she knew him. she's walking, and all of a su sudden, he sees him and says, "it can't be ethan. i know ethan. it can't be him." then she sees a victim, a student she had taught, cared about so much, and her testimony is so emotional. also very important because the defense can work with that because she never dreamed ethan could do anything like that. now, i want to tell you about the first witness on the stand. it was a living survivor, an educator who had been shot but survived. her name was molly -- is molly darnell. she showed the jury her bullet wounds on her arm, the entrance and exit wounds. here is some of her testimony. >> you just described you saw something in your peripheral vision. you looked up. you locked eyes. >> i locked eyes. he didn't hesitate. >> okay. about

. >> cathy larkman, much >> cathy larkman, thanks so much for joining me. >> cathy larkman, thanks so forjoining me. and next on free speech nation, we're going to be discussing the case of rachel mead, a social worker who is completely vindicated this week by an employment tribunal after being suspended from work due to her gender critical beliefs . her gender critical beliefs. don't go anywhere transparency of the system itself doesn't change. earlier on, gb news radio . on, gb news radio. >> welcome back to free speech nafion >> welcome back to free speech nation with me, andrew doyle. now . social worker rachel mead now. social worker rachel mead this week won her case that westminster city council and social work england discriminated against her when she was suspended for sharing a gender critical views . this is a gender critical views. this is a real landmark case, and i'm going to be discussing this today with two guests. i'm joined from glasgow by michael foreign, a lecturer in public law at the university of glasgow, and here in the studio by the family barrister by the fami

absolutely, because as cathy says. _ support. absolutely, because as cathy says. you _ support.r people in england who went through that? we went through that as _ went through that? we went through that as well! fire went through that? we went through that as well! : , :, , :, that as well! are you still waiting for final compensation? - that as well! are you still waiting for final compensation? oh, - that as well! are you still waiting l for final compensation? oh, yeah. i've tot for final compensation? oh, yeah. i've got nothing. _ for final compensation? oh, yeah. i've got nothing. nothing? - for final compensation? oh, yeah. i've got nothing. nothing? no. - for final compensation? oh, yeah. i've got nothing. nothing? no. noj i've got nothing. nothing? tic. no interim payment? i've got nothing. nothing? no. no interim payment? nothing. - i've got nothing. nothing? no. no interim payment? nothing. and i i've got nothing. nothing? no. no. interim payment? nothing. and i'm one of the longest _ interim payment? nothing. and i'm one of the longest cases. _ interim payment? nothin

. >>> cathie wood buys 216,000 shares of tesla after selling most of the year last year. >>> and theiral starbucks stanley cub auctioning for $200 on e-bay after selling on at target. the travel mug has caused long lines and overnight camp outs and chaos in stores. it is a thermos. it's an isolated cup. people love it. >>> here is what to watch today. the december adp report out at 8:15. we get results from walgreens and conagra before the opening bell. >>> wall street put on the milk and cookies, but santa claus was a no show. the worse performance for a santa claus rally. we have stephanie link joining us now. happy new year. it is great to see you. >> happy new year. >> give us a sense. how do you see the market day shaping up? we mentioned the santa claus rally did not happen. what is your wex word of the day? >> my wex word of the day is reversion. that is what we have been seeing over the last couple weeks since the last of october. the equal weight s&p has out performed the market cap by 200 basis points. what does that mean? we are starting to see a broadening out in the mark

. >>> cathy from florida. i'm with you, jessie. give us some retribution. just a little.asleep in his dinner. hope he doesn't have soup. dana from chicago. maybe fani willis should hire a more qualified lawyer. how about hunter? he did go to yale. craig from michigan. why does everybody talk about hunter like he's a 17-year-old kid? he's 53. i know! mark from texas. did i just hear jerry call illegal immigrants illegal? yeah, he says he wants them to have babies. apparently i am not pulling my weight. lucinda from florida. jesse, i believe you assisted, but you didn't have the babies. true. but i assisted very well. ken from wayne, new jersey. will you will be celebrating dei thursday every thursday? yes, we will. every thursday on "jesse watters primetime" will be dei thursday. you are welcome. pat from illinois. boeing gives bonuses for diversity? how about just keeping the doors from flying off? yes, maybe the bonus is if the doors stay on. sam from bloomington, illinois. old-school snl sounds like current day white house at least one hunter is there. they had cameras

cnbc will speak to a number of crypto industry names like michael novogratz and cathie wood.o not miss this on "squawk box" from midday cet. >>> coming up on our show, arabile will look at this week's earners as investors cool on marks & spencer. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders reduce shipping costs and print out shipping labels it's my secret ingredient shipstation the number 1 choice of online sellers and wolfgang puck go to shipstation.com/tv and get 2 months free what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. switch to shopify and sell smarter at every stage of your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every sale from every channel. and sel

due diligence but the hype is over iodism more with jamie dimon calling bitcoin a pet rock more than cathyinking it's going to a million a coin. stuart: bet against it, b-i-t-i is the place to go. exotic excellent stuff. jonathan, thank you indeed. see you soon. >> be well, stu. stuart: see you soon. and lauren is looking at travelers. lauren: they earned more in premium and paid out in claims and that's how it works and they're pushing the dow up. stuart: is that your microphone? lauren: it is, i just fix it had. stuart: super micro computer. lauren: tech company and make servers and storage systems and raise forecast for earnings, which come out in about two weeks time. they're saying such strong demand is coming from artificial intelligence and with this, look, broadcom up 3%. qualcomm up 3%. nvidia is up 2%, a record high for the seven time in nine sessessions and up ten 10 and 1% in this young year just on nvidia. stuart: $582 a share as we speak. mamacys. lauren: laying off 3.5% of staff and more than 2300 workers and close five store this is year. stock's down 3%. typically that's c

barometer on all things iowa politics right now with editor in chief of the iowa capitol dispatch, cathy brodavich. i hope i said that right. glad to see you inside and warm, but the headline is the weather. i wonder how it is going to impact turnout. i mean, how die-hard are these iowans? >> yeah, well, iowans are hardy but we're not foolhardy. i will tell you, this weather right now, for example, is dangerous. the roads are icy. people are sliding off the roads. you combine that with below zero temperatures, it will have an effect on turnout on monday night. now, first of all, you're going to see older voters decide not to freeze their buns and possibly break a hip getting out to their caucuses. you know, the candidates that benefit are the ones who can really mobilize the younger voters and also the ones who have a robust ground organization, who can get their 4-wheel drives out, drive people to their caucuses, clear out their driveways if necessary, and you really do those things to facilitate getting people to the caucuses safely. >> oh, that's interesting. so the younger voters are

are the most -- the ones with the complete applications, and, you know, karat think wood's ark -- cathieen there from the beginning, she would get it first. blackrock -- i don't think blackrock has ever had an etf that was denied by the sec. so i think that probably will be among the first ones, and then you roll them out. now, that's if they approve it. there's always a chance with gary gensler because he hates crypto -- lauren: is that why they're down today, the stock? >> it's not the stock -- lauren: the bitcoin and crypto-related stocks are mostly lower. >> i don't know, i think there's some profit taking here. i've always thought once they approve this thing, you know, you might see a little runoff, then it's going to trade off -- lauren: buy the rumor, sell the news. >> plus it went up so much on the rumor, you know, and we've been reporting that it was nearing a decision, and people felt really comfortable. so, again, you know, i don't give investment and trading advice. i would just say it looks like it's going to be next week. the best we can say it's probably going to be aroun

lucas and my son were in school together and my son spent many day at the home of dennis and cathy and emily kern. also survived by son julian senior and his wife brook kern and their sons saint jollian, jr. and anderson of ashville north carolina. let's celebrate the life of a man who lived with passion, dedication and deep love for family and community on behalf of the board of supervisorss i like to extend condolences to the kern family. incredible special family and all their friends for losing beloved member of our city family, community member, a friend, incredible father and husband and incredible grand father. we will miss you deni. thank you for all the love you have given in san francisco, for all the love for so many in the community of saint vincent de paul and other communities, we are going to miss you so dearly. i wanted to mention that my former boss, the former supervisor mark ferrule lost his mother and at the next meeting i will be closing the meeting in her honor and extend condolences to the ferrule family. his mother was a incredible bright light in this world. >>

i was at one cathy earlier on he said after 13 years more than likely they will have to close their doors there is nowhere immediately for workers to go. to a fascinating story. tiara immediately for workers to go. to a fascinating story.— immediately for workers to go. to a fascinating story. two madonna fans are suina fascinating story. two madonna fans are suing the _ fascinating story. two madonna fans are suing the singer— fascinating story. two madonna fans are suing the singer for— fascinating story. two madonna fans are suing the singer for being i fascinating story. two madonna fans are suing the singer for being late i are suing the singer for being late by more than two hours last month according to court documents. they say the show was meant to start at 830 but didn't start until after half past ten and ended at 1am. let's speak to our music correspondent with more on this. this is quite some lawsuit. it is and it's not _ this is quite some lawsuit. it is and it's not the _ this is quite some lawsuit. it is and it's not the first _ this is quite some lawsuit. it 3 and it's no

trust into the etf format, they are at 1.5%, lower than they currently have a much higher than the cathie waiting until a certain amount of time or a certain amount of assets. our own bloomberg intelligence analysts have become kind of famous for their coverage here of this whole saga. the deadline has come, the 10th of january. there is something else i will say about this that has been getting a lot of discussion, because as you, not surprisingly, i have spent all weekend talking bitcoin. a runoff in bitcoin prices up until this point. it is the fact of the matter of etf's themselves, holding underlying bitcoin custodian, as they come to market here, but then there is also an event that happens this year, the bitcoin having, where their supply is reduced, so what people are excited about who are invested is two things, one, pensions, ria's, clients of wealth management around the world getting into etf's and the demand increasing for bitcoin at the same time as a halving, where the supply is also decreasing at the same time. guy: everyone is going to jump income asset managers will sudd

. >>> and a cathie wood favorite tell a dock moving to $22 a share.s the stalling of the bus business shares of teledoc down almost 2.5%. >>> time for your global briefing in yemen, new launches against houthis for a third time this in response to attacks by the hue the rebels on a cargo ship and u.s. ship on monday. john kirby says the u.s. is not looking for a war but that the houthis have a choice to make. also on cnbc this morning iran's foreign minister denying any association between tehran and the houthis adding, quote, maritime security is of paramount importance to us because we export oil. that's the end of the quote. >>> uk inflation rises to 4% this marks an uptick in inflation since last february. higher alcohol and tobacco prices the drivers for that increase. >>> and china misses the q4 gdp estimates. the country's statistics bureau out with employment figures after temporarily suspending them last summer showing youth unemployment figures remain high also china's property sector which makes up 20% of its economy selling off on the news

several including cathie wood's arc invest, bitwise charging 0% for the first six months. months. fidelity is 0.39. grayscale at 1.50. one of the main questions is whether a spot bitcoin etf will track bitcoin into coin futures. there are some concerns. the spot bitcoin etf could trade at a premium which could create long term, a backlash. they have tracked bitcoin fairly well. there's some debate about how mature the spot market is for bitcoin. most think it has to mature and the futures market has already regulated and matured. another is whether a bitcoin etf will trade at a premium or discount. most believe it will be tight and any premiums will get small. how much money will the bitcoin etfs attract? it's not clear. we have a precedent. the opening of the bitcoin futures brought in significant assets. the main bitcoin futures etfs, bito, the pro shares, now is over $2 billion in it. reggie brown at gts estimates all the funds could have 2 to 3 billion in a month and 10 to 20 billion in a year. that's significant but still small compared to bitcoin's roughly $900 billi

cathie wood and cecilia snyder will join the big c -- big show. coming up way set down with the hpec ceo. this is bloomberg technology. (upbeat music) there's more to business than the business you're in. if you use data, that's the privacy business. manufacturing on demand? you're talking cloud business. got a few million hyper-connected customers? digital experience business. that was fast. that's where deloitte comes in. with the right combination of talent and technology to help advance and connect all that it takes to excel in business ... to the business i'm in. deloitte. you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com c caroline: welcome to bloo

liz: is ellie, is she still going with ark, cathie wood getting the first nod or everybody?that is -- >> hard to say. the sec is being crip tick. blackrock obviously has been pushing. larry fink is coming out saying he thinks bitcoin is a store of value. you have fidelity in there, some major firms in there. it will at least be her but probably, i have a feeling they will approve a bunch of them just because why wait? they're all doing the same thing unless there is quirks in their application process that need to be changed. those quirks as wellly has been reporting, actually i have done kind of a good job on this every now and then but, was that -- liz: behind every great man is an even better woman. >> i was going to say. liz: ellie. >> or a lot of coffee. but the, there has been a whole thing about how this, how you can buy an etf. you have to do it on a cash basis. you can't, you can only present, if you have bitcoin, you can't use the bitcoin to buy the etf. you convert it into cash, then buy the etf that was my reporting. so there is no rivalry here. liz: so nice you'

i heard cathy _ doesn't quite fit! it is a wonderful claim.so much more as well, it is about caring for the carers across the board who range from the age of five to 95. we offer lots of different support like the one—to—one support like you saw with cherry and cassie. right through to respite activities, peer support, lots of things going on both at the beaverbrook house, here at the centre and out in the community. we do fun activities, our young carers gets to have their own sessions of the school where they can come and the biggest thing is they can develop friendships with other children who understand what it's like to be a carer. so they can come in and feel a little bit down and it's their friends to cheer them up. they develop lasting friendships which i know, like cherry has done, that friendship then continues as they get older. bud that friendship then continues as they get older-— they get older. and respite is so important. _ they get older. and respite is so important, doing _ they get older. and respite is so important, doing s

cathie wood joined etf iq yesterday. >> we think that longer-term, which is our focus, and within institutions getting the green light now with approval, assuming that is what we have here, we think that even going to 0.1 or 0.5% is going to be a price moving event. alix: katie greifeld joins us now. how are they treating? katie: they are trading, which is exciting. i am excited to see how volume stacks up. there is some question as to whether some of the funds have preceded but when we look at volume, that is the metric to watch. compared to the futures etf launch, the high watermark was 24 million shares, a turnover of almost $1 billion, so that is sort of the benchmark here and it will be fascinating to see if any of these funds surpass it. guy: there are a lot of names on the screen. are they all going to make money doing this? katie: that is a good question. does the world need 11 spots? if you pose that question to the issuers, they would tell you, probably not. this has really been a sort of winner take all market. taking a look at bitcoin futures, all of that money is in the proshares

cathie wood joint bloomberg tv at 1:00 p.m. new york time. this is bloomberg.e now our tv and radio audiences. we've been talking about all the ai innovations on offer at ces. now i want to turn to innovations in the ev space and what will encourage more people to buy them. i am joined by arno antlitz, volkswagen group cfo. volkswagen is home to brands like porsche, lamborghini. matt miller is back here from paternity leave. congratulations, so good to have you. matt: very happy to be back and talking to arno. i have a long history with volkswagen as a driver, as a fan. i have been to the factory in chattanooga, i have been to wolfsburg in germany as well, but the brand has not really picked up in a way i expected with the new products you have had the past few years. how do you plan to build a bigger presence in america? arno: thanks for having me. great question. where are we coming from? as you said, we have some of the broadest, most fascinating portfolio industry. porsche, audi, ducati. we have a market leading position in europe, strong in china, but only