, so why don't we launch other complicated ways to trade this you see bitcoin futures launch on the cmeg to an analyst who said they'll often pair that with an ether product and they now have more optionality and can do both. >> it will be interesting to see how that plays out kate rooney, thank you >> if you're hungry for more of kate's crypto content, check out cnbc's new crypto for the latest market trends to the biggest names in the space tune in daily at 3:00 p.m. eastern at cnbc.com crtorlypwod. we'll be back in just a moment age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to

liz: you know, that is interesting, as you look at say, for example, ice or cme group, which listen, folks those are the toll roads, people if they want to trade anything, buy, sell, options et cetera, with the cme right now is up 3.5%, it's about a 10% year-to-date gain whereas a lot of other companies out there have seen i guess you could say a correction to anywhere from a correction to a bear market territory move. chris as we finish up the federal reserve, i think teddy's right, come on. its been well-telegraphed we're going to get a tightening that's not necessarily bad news, you have higher rates when the economy is standing on its own two feet, which it is, and so therefore, doesn't that mean that equities can still absorb any kind of shock from that, and they can still make money and have positive earnings going forward? >> yeah, i mean, the historical data where interest rate market doesn't automatically mean a disaster for stocks, and that's, i think, one thing people need to resist against. we might not get 20% a year like we have the past three or four year, that's been

bob pisani at the nyse in a moment let's get to rick santelli from the cme. rick >> absolutely. so many things going on and much of it is technical and will get to that think about the minus 321,000. not very good. as a matter of fact many now whispering that friday's number might be weak. look at the time of 8:15 eastern yields dropped to right around the 1.15 level but eventually coming back and look that low out dropped to 1.13 and the green arrows are bringing yields up after the 8:15 data came out we dropped to that 1.77 level coming back an hour later it got aggressive traded down the 1.74 ear year to date talking about the double top and indeed it is starting to become something many traders are talking about mid-january to the end of january. two tops on the right-hand side around 1.87% are the high yield close back zoom the chart to the end of 2019 but they considerably become more important should we start to close under is 1.70 level we may lock that high in for a while and traders think friday's number could do we need to pay attention kelly, back to you. >> thank yo

also called ether ether futures volume is strong in the past year even in the fast of lower prices cmees last year that lets investors trade in smaller increments. it's a high of may and still been sustained interest. shawn ferrell said that's a strong sign of more sophistications in the markets and more investors likely getting in the most popular is perpetual futures. no expiration on the contracts and no rollover costs. but that may also bring more volatility so something to watch this year. back to you. >> voluntatility. seefr seen that before in cryptocurrency thank you. >>> conclusion of no price like home receiver yes, sir what does the spring season look like and will rising costs hurt the market starts here the blank page artists and writers know the tyranny of it well but so do developers, data scientists, ctos the new creators to them, we say let's create something that changes everything ♪ ♪ ♪ ibm let's create at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so yo

i also put cme group on that because that's a company that gets tremendous benefit from volatility and and their volumes go up dramatically during periods where interest rates rise they also do futures on their oil index, and they also trade every type of cryptocurrency so we think that's, you know, an idea for investors looking for something that fits this volatile time. s&p global, they measure all financial data there's a lot surrounding uncertainty. finishing up with consolidated ihs market, and that will add a lot to the bottom line and synergies that we don't think the market appreciates even amazon i put on the list because the stocks underperformed for a year and a half in terms of accelerating the use of amazon, it definitely happened it's around 40 times earning so that multiple has come way down, but it continues to grow very nicely. >> you know, you brought up s&p global we talk about the s&p 500 standard & poor's. this is a giant company. i don't think a lot of people understand the size and growth i'm going to be at the conference it's going to be huge. that's ihs market.

international, the world's largest human organization, has for the first time accused israel of commting the cmeid agait palestinns. amnesty comes ththird major hun rights gup to decry isra's aptheid syst over the past year, joining human rights watch and the israeli group b'tselem. in its report, amnesty says e roots of the apartheid system date back to israel's founding in 1948. amnesty unveiled their findings in occupd east jerusalem on tuesday. this is amnesty's secretary-general agnes callamard. >> we are here today to call on the international community to take resolute action against the crime of humanity being perpetrated in order to maintain the stem of apartheid. amy: the biden administration has joed the isrli government in jecting amnesty's findings. israel called the report falls and ased. the u.s. ambassador to israel called the report surd. in a moment, we will be joined by pauo'brn, the exetive direct of amnest internatiol usa. bufirst, wturn to an excerpt of a new video produced by amnesty. >> when you hear the word apartheid, what do you think of? probably the disturbing images

if you just look at the valuation of a paypal versus cme group or a nasdaq, paypal is multiple timesse, and it is because of the consumer focus and the global focus. so, that is the direction we are headed. i think there is a bigger business there, there is more room for brand identity and loyalty there. and i think the focus on institutional, while it might seem attractive any short-term, i think there is a cap to that business and i think those clients are not necessarily loyal. they might be loyal to where they get the most fees and the lowest fees are your revenue. so, for a business perspective, i think it makes sense, at least for us, to focus more on the consumer business. while we still continue to serve the institutional business, and that is where our roots are, but our focus today is on consumer. emily: curious what your thoughts are on this blockfi 100 million dollar penalty and how it is impacting your regulatory approach. i know you recently tweeted you are hiring 30 lawyers, so, probably going to be pretty busy. jesse: absolutely. we would hire up to 60. it's a great t

. >> reporter: white house cme re priority. >> it involves putting more police officers on the more thanpolice officers have been shot in the city this year. republican argue calls to defund the police are partly to blame. >> we know that anti-police culture wars invite more crime. >> reporter: on capitol hill, lawmakers agree more must be done to protect communities, but their plan to do so differs. >> the crime that we are seeing surging across this country is a direct result of democrat soft on crime policy. >> crime prevention must be a partnership between law enforcement and the communities that they serve of. >> white house officials insist the administration is focused on investing in law enforcement while holding police accountable. >> we have not given up on the fact that we need to have police reform. >> reporter: public safety, a key issue heading into mid terms. both parties hoping to convince voters they will keep communities safe. white house officials tell me that aggressive policing as well -- aggressive enforcement of gun safety laws as well as investing in crime prevent

>> thank you yields are low er now rick santelli at the cme. >> not only seeing them firming up muchaster in the long maturities start at the beginning i have a lot of charts we'll go fast. look at a russian 10-year around 13% and sure it's ill liquid let's see how the world looks at this event look at 10s here and you can see how we have off the cycle highs and the high close 2.04. bund yields pattern very similar. look at when's going on with the guild. 10-year in the uk a similar pattern. canadian 10-year got much less flight to safety buying but considering where they're located and regarding getting involved foreign exchange the dollar over that same period could have the highest close in the middle of summer of 2020 normally you see the euro and the pound do better. not this time. the pound vefr sus the dollar getting hit hardtoday. i think that the dollar reigns true as the best currency and the interest rates are similar in the patterns and last guest said he doesn't think it will last that long and the markets seem to agree and seem to be still putting more prominence on the

i appreciate that, joe carrie >> cme group they reported a strong quarter volatility helps then.. the last time the fed tightened because 30% of their business is interest rate futures, that business grew 50%. strong cash flow 4%. dividend yield they also have futures on bitcoin and ether. >> mr. weiss >> more speculation volkswagen they spin out porsche, adding 50 to 100 billion to the market cap. i haven't seen the calendar for friday's show for me to be on. i got to get my ticket to the west coast please send it >> keep checking the mailbox >> usfd. u.s. foods, april '40 calls bottom during the show got it >> good stuff. guys, thank you so much. i'll see you from l.a. on friday "the exchange" begins right now. >> looking forward to in a thank you, scott hi, everybody. straight ahead we check in with legendary investor bill miller he was on this show calling the market bottom in march of 20 20. we'll get his thoughts on the market, the fed, and inflation now. we'll hear if he's as enthusiastic act bitcoin and what big stocks he's buying. the interview is moments ago >>> an unde

one we are watching is cme group.hey act as a natural hedge, with people looking for ways to hedge volatility. it filters into their earnings. as well as focusing on the u.s. consumers still benefiting, albeit less so, but benefits from the high stimulus payments. shery-anh: jeff, it was good having you on. from thornburg investment management with his views of the market. you can get around up of information to get your day going in daybreak. you can customize your settings only get the news on industries and assets you care about. this is bloomberg. ♪ >> we are counting down to the start of trade in tokyo and seoul. in japan we watch for fourth-quarter gdp numbers coming in in half an hour. consensus forecast is a return to growth in quarter on quarter data. there'll be an appearance in parliament the top of the next hour. we will watch for comments on yield curve control. kioxia and investor bank capital plans ipo instead of a sale to a foreign buyer. investors will also be monitoring earnings from asahi, toyo tire

all global exchanges across the board have seen higher demand as well for futures you're seeing the cmemay. is demand still high in that sustained activity in the past year is a sign of demand as well as products like micro futures he calls that a strong sign of more sophistication in the markets and more institutional investors jumping in as well the more popular forms of derivative futures there's no expiration on these contracts and no roll over cost. these are seen as the smart money in crypto. that is technically a will someone with larger holder there are fewer will now in market the line has gone down you see that orange line on the right there. it's been falling but analysts say they might not be leaving the markets entirely they are using the coins in other places so spending on things like nfts, decentralized finance apps that is going up analysts tell me that's where the money is going into things like nfts at this point. back to you. >> it's lalmost a diversificatin strategy >> it's interesting. the contrast is in a lot of cases t more useful. you can use it on things like n

for example, the cme bitcoin futures today on which u.s. etf's trade. my team worked together closely with the cftc. these close relationships were critical to our ability to innovate effectively and responsibly. today, i will share three block chain use cases. they are moving our society in a more secure, transparent, and equitable direction. but first, as requested by the committee, i will start with some basics. the bitcoin white paper, published in 2008, outlined a peer to peer electronic cash system using a consensus mechanism known as proof of work. on the bitcoin ledger, transactions are arranged in consecutive blocks. simply put, proof of work requires members of a network, known as minors, to solve a mathematical puzzle. once they solve and confirm the transaction, it's assigned to a block. the block is time stamped and added linearly to the block chain. for this work, the minor that first solve the puzzle receives compensation in the form of a blocker word. since bitcoin's creation, a variety of other consensus mechanisms have been created. mo

at cme, my team worked together closely the cftc and these close relationships were critical to our ability to innovate effectively and responsibly. today i will share three cases moving our society in a more secure transparent and equitable direction. first as requested by theer committee, i will start with some basics. the big.white paper publishing 2008as outlined. to. electronic cash system using contentious mechanism, proof of work. on the bit coin ledger transactions are arranged in consecutive blocks. simply put, proof of work requires members of the network known as minors to solve a mathematical puzzle, secure the network. once a minor solves and confirms transaction, it's assigned to a block. the block time stamped and added literally to the block chain. for this work, the minor that solved the puzzle received compensation in the form of a block reward. since bitcoin's creation, a variety of other consensusus mechanisms have been created, most popular among them, proof of steak. proof of steak is a consensus mechanism for users offer digital assets as collateral for a chance to va

cme on back. tsai.ally feelin. shop the lowe's bath style & save event now in-store and online. >>> welcome back to "gma." we are celebrating -- robin is already celebrating lunar new year with ming tsai. he is the chef and host of the emmy award-winning show "simply ming" bringing us some of his favorite dishes for the new year. get the recipes by scanning the qr code on the screen. ming, welcome back. happy lunar new year to you this morning. >> yes, happy new year. robin, michael and george, great to see you. >> you too. [ speaking foreign language ] as we say in chinese. >> let's start with the dumplings. tell us what they are and what they represent for the new year. >> here is ming's bings. vegan, gluten-free, they're twice the size of a dumpling. why do we eat dumplings? because it's the exact same size as an ingot of gold, and you want to eat wealthy, rich foods for the new year. so dumplings are very traditional. a bing is a double dumpling, twice a big so they are double portion and grab it, g

backed off a little bit today, but to you look, $3.56 was the million btu price at the cme at the end i know you're going to talk to pat dehaan about it and the forecast, we asked andy lip how some of the same questions, and he says the only good thing is that does tend to spur more production and exploration. here's what he told us. >> these higher prices are encouraging oil companies like exxon and chevron to increase their drilling budgets, especially in the permian basin. and while that is good news for supply, that supply is still many months off. >> reporter: and the congressional republican, as you may know, stuart, they just put out a report that said, in fact, you know, all this focus on green energy is just -- [audio difficulty] investment in fossil fuels, and right now we're using fossil fuels. you should have seen my if heating bill last month. yikes. stuart: yikes, indeed. i know exactly where you're coming from. i live in the northeast. straight up for the bill. jeff flock, thank you very much, indeed. let's bring in gasbuddy's patrick dehaan who joins us now. first of a

rick santelli here live at cme hq with breaking news.or the weekending february 19th 219,000 initial claims that's down 16,000 and less than 235,000 expected on continuing claims, wow, a definite drop. 1,476,000. this is new post-covid low, and it is definitely well below expectation. now, gdp this is our second look at fourth quarter 7% was the expectations. 7% was what we got that's versus the original look at 6.9 and if we look at the consumption, personal consumption, it drifted a bit from 3.3 to 3.1, and that's 0.4 below expectations and if we look at the price index, it's a big jump 7.1% on the pricing index. 7.1% to find a higher number you have to go back to the fall of 1981 or the third quarter of '81. on the personal consumption expenditure core quarter over quarter it moves to 5% that's versus 5.9. the high-water mark was the second quarter are, and that took you back to 1983 the third quarter when it was 6.2. on the personal consumption, joe, we're definitely a little hotter than expected but well-off the pace unlike the pric

ahead of everybody else we're just seconds away from the ppi data rick santelli standing by at the cme. it is up 1%. that is much bigger than we anticipated. and just to put a face on this the up 1% is the second highest month over month read, because of course if you look at the final read 1.2 from january of last year was the all-time high. up 0.8 when you strip out the all important food and energy, and that is 0.2 away from the all-time high, which was july and that was up 1.0. these are well hotter than expected, by the way we're expecting up 0.5%. and finally food, energy and fraid it is up 0.9%. so anybody's who's looking at the month over month and year over year are making comments the read rate of change is slowing down not accurate year over year up 9.7% 9.8 is the all-time high going back to recordkeeping which was changed, so it goes back to 2010 so 9.8 was november. this is 9.7. 8.3 on year over year. 8.3 equals the all-time high from last year this series goes back to november 2010. and finally over the year over year food, energy and trade it is up 6.9, which means it's

standing by at the cme in chicago, rick santelli the numbers, please.ld be hitting right about now. >> they're going to be hitting the screen right about now we're going to have initial continuing claims and of course our january read on cpi. 223,000 on initial jobless claims, a bit lower than expected still, the 188,000 from early december as the post-covid low and not only that it goes back into the late 1960s. our continuing claims about as expected, 1,621,000. of course the best we've seen at the end of december at 1,555,000. so sequentially those a bit lower. here we go, cpi headline number up 0.6%. the high-water mark on that was up 0.9 several times, october being the most recent. if you strip out food and energy it was up 0.6 as well. both these hotter than expected. and on the core side up 0.9 of the high-water mark from april so these were supposed to moderate they did not moderate. now for the biggies, 7.5 on year over year headline, 6% on year over year core let's go to the white board. so 7.5%, and that is of course on headline. you have to

rick santelli here live from the cme hq with breaking economic news headline number up much strongeros to be pretty powerful at 3.3%, still triple 1% expected, really is a surprise and if we consider ex autos and gas still holding up, equal to the headline up 3.8% noi the one fly in the pointment, this isn't adjusted for inflation. higher inflation in entire retail sales not necessarily more aggressive purchases or more purchases and if we look at the control group it's a whopping up 4.8%, which gets higher up the food chain kpk data now let's look at import and export prices. month over month up 2% that's almost double the expectations and if you look at january ex petroleum import prices you can see the import prices on the energy side boosted a bit because it dropped down 1.4. the year over year number 10.8 and like all year over year numbers these are powerful we see in the rearview mirror that there's building pressures, and that 10.8% while it's far from the highest level we were 11.7% at the end of last year. we look at export prices up 2.9% almost exactly double the expectati

numbers, they are next "squawk box" coming back with that and so much more after this >>> here live from cmeery strong at 6.6. this is very, very good news but do remember the problem is that is in the rearview mirror we had minus 5.2, which was the worst productivity level since 1960. so we are going to bring that back a bit and just stand alone 6.6 the best since, well, the high-water mark post-covid which was the second 2020. unit labor costs up 0.03 and if welic at initial jobless claims expecting 245,000, 238,000. 238,000 and that's versus a slightly revised 261,000, which means it is down 21,000. if we look at continuing claims 1.628 million, darn close to expectations that follows 1.672 million so we're lower but we're not at the lowest level in either metric, 188,000 from early december of last year's the low-water mark for continuing claims well pre-covid, echoes into the 1960s, and of course continuing claims the last week of last year came in at 1.555 million. so even though they're better or as expected, they're not at the best levels. and productivity is good news because we rea