especially when you run out of inventory, toilet paper, clorox.lieve that after christmas we will see the other side of this. we have already seen it with lumber. emily: welcome back to "bloomberg technology." more with our conversation with cathie wood. here was carol massar at the milken institute global conference in l.a. carol: tell me more about bitcoin. we are seeing more legitimization. we are seeing regulators moving forward. what is the long-term play when it comes to something like cryptocurrencies? cathie: bitcoin specifically, we got involved when it was a $6 billion market cap, and here is our laugher. it was a $6 billion cap, and now it is over $1 trillion. this was 2015. we were asking the question, could bitcoin serve the three roles of money? we came to the conclusion it was possible. art laffer tore our original paper up. as we were going through it, he said this is the first, the rules-based monetary system i have been waiting for since we left the gold exchange standards in 1971. i said to him, oh, how big could this be? he sai

thing if i'm right and they give you a monster set of numbers the other end of the spectrum, there's clorox, which is rapidly rising they might not be able to pass onto you the consumer the price increases. they sure couldn't last quarter. i hope for the best but am prepared for the worst tuesday we hear from dupont and estee lauder you should be signing up a lot of good reports coming out about stocks these two, well, let's just say, i don't expect them to have superb quarters. fortunately, the expecting below them it won't take much to move the stocks up. they are worried about chinese demand for cosmetics and skin care dupont was hit hard biff the chip shortage. how about pfizer unlike moderna, pfizer is more complicated than just the covid vaccine story. they are pacing a patent cliff next year. we need to know if the boosters, which cost a lot of money, are going to cover the patent cliff. let's listen and see if they offset the damage. we get results from bp i bet bp will be wanting chevron and con co are more challenged than the small players like diamondback i just mentioned. or dev

especially when you run out of inventory, toilet paper, clorox.lieve that after christmas we will see the other side of this. we have already seen it with lumber. carol: is there an easing? cathie: yes. carol: so inflation is transitory? cathie: i know that is a dirty word, but i think it is. there are two very powerful secular forces. what we discussed with cyclical. -- was cyclical. the good one is innovation. innovation is inherently deflationary. because we do the analysis, we can tell you how deflationary. artificial intelligence training costs are dropping 60% per -- 68 % per year. we have never seen anything like that. and artificial intelligence is starting really a technology war. the companies with the biggest pools of data, the highest quality data, the best a.i. expertise with the best domain expertise, in the genomic space, curing disease, so the human being has to set the goal and reward system, but the machiens now -- the machine is now training itself. those costs are dropping 68% per year. a.i. will be part of every industry. dna

. >> they put clorox wipes on úevery sink.ying checkers and classical music with candles. >> it makes me feel happy that kids are returning stolen goods. >> i've heard about this thing. i will, of course be here. >> the kids are all right and. on the news hour online, why so many great movie villains have an evil laugh. we breakdown the psychology and the power of the cackle. that's on our website. don't forget to watch washington week tonight. they analyze the latest from capitol hill and discuss president biden's european trip . that's tonight. and how the guaranteed income program is changing lives in gary, indiana. that's on saturday. on sunday, they are planting a new forest to help slow global warming. all of us at the pbs news hour, thanks for joining us. have a great night and a wonderful halloween weekend. ms newshour has been provided by, >> the landscape has changed and not for the last time. the rules of business are being reinvented with a more flexible workforce by embracing innovation, by looking not only at cur

i have a feeling 2021 is going to be for kleenex what 2 2020 was for clorox. >> steve: yeah [ laughterjimmy: hey, i saw this weekend new york comic-con is back in person at the javits center. [ laughter ] of course, there are some new covid restrictions like masks and vaccine checks, but despite all of that, the fans really seem excited to be there take a look. >> things are really, like, you know, showing how the city has really come back to life >> i'm so excited to be here it's a little weird, but it's a good feeling >> it's a little downsized but it's probably good because of covid and everything [ laughter ] >> jimmy: nothing like a sober take on the pandemic from a guy dressed as a turtle in a trench coat, you know [ laughter ] the great thing about comic-con is that no one there is anti-mask. [ laughter ] some news from overseas today, 2 journalists won the nobel peace prize for their fight to defend the freedom of expression in the philippines and russia [ cheers and applause that is well deserved but the peace prize definitely could have gone to whoever shut down facebook for

. >> caller: my question is about clorox i've owned it for a while. it went way up, i sold it.t down, i bought it and then it went down some more. so i'm wondering should i hold it, should i add to it >> i think you should wait and see how the quarter is a lot of these companies that are in that business just can't seem to find any footing this one yields 2.9% why not wait until it yields 3.3, 3.4 hey, let's go to don in oregon don? >> caller: hey, jim, how are you? >> i'm good, jim, how are you? >> caller: terrific, thanks. i've got a sm many question for you. >> sure. >> caller: it's intel, i don't know whether to buy, sell or hold i thought i would get your opinion. >> okay, well, intel is is run by a new man, pat gel series, and it will take a rebuilding year so what i will tell you is, they're not going to be in the playoffs this year they may not make the playoffs next year. why not be in the stock that's the super bowl champion, or at least in the super bowl. why not pick either nvidia or amd, the latter i think represents good value, even up here stefano in new york. st

. >> i think those are funnier, in my opinion, because it's like, there's one where they put clorox wipeshad a table and were playing checkers, and they had classical music with candles. >> it makes me feel happy that kids are actually returning stolen goods and helping other kids, helping out the school. >> now that i've heard about this angelic yields, i will, within the next week, be participating. >> nawaz: and the kids are all right. and on the newshour online, why do so many great movie villains have an evil laugh? we break down the psychology and power behind a classic cackle on our website, pbs.org/newshour. and don't forget to watch "washington week" tonight, as moderator yamiche alcindor and her panel analyze the latest from capitol hill, and discuss president biden's european trip. that's tonight on pbs. on pbs newshour weekend, how a guaranteed income program is changing lives in gary, indiana. that's on saturday. on sunday, a look at britain's big investment in planting new forests to help slow global warming. and that is the newshour for tonight. i'm amna nawaz. join us onli

okay they missed consensus by 1% and yet people don't understand that we had the covid elite, the cloroxesho did so well during covid, and the minute it looked like covid was over their sales fell out of bed. p and g was not part of that people continued to use their products and the same thing with mondalies and we can't get wendy's and nonetheless, wendy's is doing pretty damn good. so we're going to learn to deal with this new phenomenon people will hopefully go back to work and i think that is very important, and when we talk about the markets, todd, what we were thinking about, and we were talking about this not long ago, think about people who have been in the market and in their 30s they have never seen a down market to them, a down market is reading about world war i. >> this is true here >> they're being looking at it today and they're thinking the same thing the market only goes one way, at least right now. i know cramer wanted to get in here >> nelson, you're right. they will be able to put through price increases so they'll have good margin expansion withdin a year i want to ta

looking at the biggest competitors in the space, clorox, kimberly-clark, if p&g is feeling it and taking a hit likely the rest will, as well. >> could have been labeled sara's companies. >> a small group of my companies. >> but no. listen down 1.5% and weighing on the staples sector let's pivot now and turn to washington where we get the news about proposal from senate democrats surrounding irs reporting requirements ylan has that story. >> reporter: after facing some huge blowback from the banking industry democrats are raising the threshold for when your bank account information needs to be reported to the irs. the regional plan covered accounts as little as $600 and now senators are announcing that threshold is increasing to $10,000. senator widen will say tax cheats thrive when the reporting rules are loose and murky and want to crack down on cheating at the top the gop is calling this an irs dragnet to sweep up everybody. >> scope of the irs ability to dive into the accounts will be the biggest violation of individual privacy i think this condition has ever seen. >> reporter: rememb

names like clorox, and proctor and gamble also coming under pressure this morning. to do carl for the details. >> indeed. shares under pressure after beating estimates and saw higher costs across the bord. the company did raise its forecast for freight and commodity costs for the year here's vice chair john muller's take >> i'd say there's still a ways to go for the market forces to work and equalize the supply and demand situation and different parts of the world. so, we're not through it in the quarter we just completed, despite earnings about equal, we had $6 million after tax related to the supply chain dynamics >> and that means higher prices on more goods made by proctor and gamble for consumers shares under pressure. apple, meantime, out with a slew of product announcements yesterday. we're going to break all those down as well that's coming up after the break. stay with us trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim trading™ is right there wi

con las bolsas glad con clorox, todo está bajo control con tu basura. enfermedad terminal pero no estÁ en etapa terminal. >> pero ella estÁ jugando a ser dios, yo soy catÓlica yo sÉ que aquÍ en mi vida lo Único que tiene la decisiÓn absoluta es dios aquÍ ella estÁ jugando a ser y determinar lo que va pasar con su vida, tiene una enfermedad terminal pero no es quien la decide, estÁ haciendo creo yo un poco egoÍsta en decir y ver a su mamÁ sufriendo. alan: tÚ crees que esta decisiÓn se refleja como una falta de fe? >> 100%, no creo que estÉ pensando en el amor de la familia al tomar esa decisiÓn. satcha: yo comprendo ademÁs y respeto muchÍsimo el tema de la fe pero en este caso ella estÁ tomando la decisiÓn y la justicia y la corte constitucional estÁ apoyÁndola, es muy importante tenerlo en cuenta. comprendo que tanto tony, que no estÁ de acuerdo, maite tambiÉn, no estamos allÍ sentados en esa silla. no somos nosotros. [hablan a la vez] >> ella estÁ diciendo que dios estÁ perfectamente consciente de lo que estÁ pasando. elyangÉlica: esto se analiza desde