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cfa institute. you. >> it was indeed a big day for bitcoin with the u.s. s.e.c.mod fee futures commission going to the hill to discuss the future of crypto regulation. while all of this has been going down, where has our resident crypto baller been for the last couple of days we decided to track him down using the find my iphone function he is in sunny cancun mexico at a big crypto conference which for some reason is in cancun bk you have been at the conference presumably a couple of days. obviously we are coming into a slide at $10,000 or so what is the mood what is the feeling? what is the sentiment around bitcoin? >> listen, i mean i understand you guys in the equity markets might have experienced volatility in the last couple of days welcome to the crypto world. that's what wits' like here. the mood here is still optimistic there is about 175 people here that are some of the smartest people in the world that are building the products on top of the blockchain bitcoin ethereum and those other protocols. and they are very optimistic about the future yes the pric

cfa institute. >>> welcome back to "fast money. stocks up. bitcoin up stocks down, bitcoin down. >> hmm. >> has bitcoin become a market gauge? let's go down to the new york stock exchange a party has broken out >> there is a party every day down here. if they were just playing the cheers theme from the '80s here. the '80s never died down here. is bitcoin and the s&p 500 correlated it might seem that way if you look at what happened in the last week or so. bitcoin has died as the s&p 500 has died bounced on tuesday just as the market has bounced looks like there is a relationship but the longer term correlation is much weaker obviously, bitcoin was up 1300%. the s&p was up perhaps 35 tup 2% as the number of people trading bitcoin increases it's possible the correlation could go up. the vast majority of crypto trading is done by retail. we know that now we have a massive sell of in the crypto market. the question is, what percentage of the crypto mark is also investing in stocks and did the sell off also cause them to sell their stock holding?

. >> see you everybody >> all right "squawk box" - cfa institute.ey) when you have a really traumatic injury,g) we have a short amount of time to get our patient to the hospital with good results. we call that the golden hour. evaluating patients remotely is where i think we have a potential to make a difference. (barry murrey) we would save a lot of lives if we could bring the doctor to the patient. verizon is racing to build the first and most powerful 5g network that will enable things like precision robotic surgery from thousands of miles away. as we get faster wireless connections, it'll be possible to be able to operate on a patient in a way that was just not possible before. when i move my hand, the robot on the other side will mimic the movement, with almost no delay. who knew a scalpel could work thousands of miles away? ♪ transparency. expertise. these are the building blocks enduring relationships are built on. as investment management professionals, let's measure up. cfa institute. >>> second away now from the p -- ppi index claims. >> r

cfa institute. transparency. expertise.hese are the building blocks enduring relationships are built on. as investment management professionals, let's measure up. cfa institute. >>> welcome back to "squawk box. it's valentine's day we have flowers here we have beautiful flowers. we have viewers who own a flower store. they sent over roses for much of the staff here thank you for that that's the good news >> nice. here's the bad news. the dollar -- this is a business show, transition -- >> yeah. >> -- it hasn't gotten much love in the past year >> yeah. there's some arguments, if you're an exporter, that's not bad news if you're exporting roses. >> you know -- >> they're importing these they are from ecuadoecuador. they're importing these. >> maybe we'll hand out roses as the show goes on the dollar index down more than 11% in the past 12 months. now tax reform may have some moves in the offing for the greenback. joining us is david woo from bank of america merrill lynch. always great to see you. you have been generally bull

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cfa institute. >>> we're back with our call of the day. kpw upgraded to outperform on jpmorg jpmorgan s what's your read. >> i own the stock i think this is the kind of name you can own through volatility, even through a disappointment at the rate in which rates rise if they don't rise fast enough, it's okay. the bank is in all businesses you want to be in, and some of the businesses you have not wanted to be in, that will be improving. so for a lot of reasons, i think this will be $150 stock. >> pete? >> yeah, you know, scott, i agree with scott the valuation we talk about all the time with the banks, and some of the growth jpmorgan is definitely the best, obviously, but i think there's other names with better beta, but jpmorgan is the right place to be if you're looking for the solid delivery obviously it starts at the very top. this is a company others, the bank industry are picking up for some of that. >> cramer tweeting two minutes ago jpm is one of the best stocks innocent market agreed >> agreed. >> that's what i told joe at the top

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cfa institute. transparency. expertise.uilding blocks enduring relationships are built on. as investment management professionals, let's measure up. cfa institute. >>> we are back, check out shares of twitter this morning those shares are trading at the highest level since 2015 a stunning gain this morning of 25%, the company posting its first quarterly net profit record ebita margins clearly wall street likes this story for a stock that has run up into the number is continuing this morning let's get down to the new york stock exchange jim cramer joins us now. i thought for a minute you might be at the parade today, forgive me. >> we're shorthanded here. >> twitter -- >> wow look, twitter was amazing and even better when you realize -- take out tired night football or telepart and you see they really grew 7%. totally investable asset this is now as opposed to the vix being an asset, you have this sector of the market which is social media and advertisers love it and it's impacting everybody. the numbers are way up this is t

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cfa institute. >>> tracking the gold.pics where we'll get a glimpse of squawk's very own athlete in training. this is the final hour of "squawk box" begins right now. ♪ ♪ >>> live from the most powerful city in the world, new york. this is "squawk box. >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square. i'm joe kernen along with kelly evans and mike santoli becky quick is off today and andrew is there. he says here he's on his way to the olympics he's tweeting. you should follow him. he's got a lot of followers. it's @andrewrsorkin if you're interested i saw his credentials. carl did not pick him up at the airport. it's a three-hour drive. carl is coming on the air. hopefully he didn't have to call an uber or something i think he made it we may see him later let's get a check on the futures or the markets the futures are up 92 points they're up more than that. triple digits for a while. 90 is -- after five straight days or whatever it's been and over 1,000 point

cfa institute. >>> welcome back to "squawk box.sive investments by established players, like airbus and boeing is now moving from concept design to prototype development interested in the story phil lebeau has it for us hey, phil. >> joe, it's not much of a business yet, but we are starting to see some of these prototypes look at this video this is airbus' air taxi being developed. you're saying it's going up and down, not terribly impressive, not moving around. this is the first test flight happened last month in oregon, but the goal here is eventually this air taxi will go four times faster than street traffic but as you mentioned, airbus is not alone in this pursuit of air taxis. you also have boeing, which is working on developing its own air taxi, if you will. this is some video that boeing released a couple months ago of it in development. you also have kitty hawk now, this is really what had a lot of people saying, wow, check this out when they tested it out last year in california. that would be cool if i could have one of

cfa institute. >>> our guest, guest hugh, the cofounder of facebook.ing that we have talked about inventions and science and innovation, unbelievable of what we take for granted now a day. if you study the curving, these big quantum leaps, the time between them are getting shorter and shorter, i don't think we can understand when machines have a billion times of knowledge of human kind/people kind we don't know what's possible on the other side of that i hope it is more than social media and snap or twitter. >> i am always a little skeptical of that. all that may be true but it acts like an invisible hand of any kind of technological process. >> i thought you believe in you. >> if we have to make investment and getting to college in the first place, the more that we talk about, well, we are naturally going to head in the direction, it relieves us of the responsibility >> i don't want to be in wall-e where everybody is traveling and eating all day long, we don't want that either >> what we need right now is a guarantee income for working, $500 a month i

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cfa institute. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. i'm sue herera here's your cnbc news update for this hour. the justice department holding a news conference announcing 13 russian nationals and three russian entities were charged with interfering with the 2016 presidential election. the defendants are accused of posing as americans and creating false online persons and social media pages. the fbi reporting a person close to the florida shooting suspect called the agency's tip line but that information was never relaid the caller provided information on nikolas cruz's gun ownership, desire to kill people, erratic behavior, and disturbing social media posts. it also included concerns that he could conduct a

cfa institute. >>> all right. welcome back to "squawk box. negative throughout the session down 19 on the dow nasdaq has gotten more positive. up 25. the s&p just down fractionally down less than a point joining us from chicago is scott nations of nations shares. also a cnbc cribber. would you say we tested the lows or broke through the lows of the correction with the s&p or do you think we get a partial retracement of the selloff >> i think we've seen the lows of the s&p that's because on the 5th and 6th we saw some panic selling. i think the low is inbecause the dow got down 1500 points essentially in the span of a few minutes. i do think we have some interesting set uptoday. you know, we'll sell 2$258 billion worth of treasuries this week that's a colossal amount most of that is short-term what to pay attention to today, the five-year and the seven-year and the ten-year if the people who are buying all this stuff are happy receiving the highest yields they'll receive since 2008, that's great. if it's another case of real life example of th