, he is launching a dogecoin satellite and he'll be taking dogecoin and completely paid for in dogecoincoin a short rebound but at the moment still in the 40s but while dogecoin is dropping ether has reached never before seen heights blasting past 4100 for the first time ever, this brings us to what's happening with crypto mania one guy living and breathing is the director of research at da davidson, first to the elon musk sketch, people were all hyped up about dogecoin going into the weekend and set 50 going to 60s and 70s, now it's back to 40, what would be more bullish on. >> hopefully not, none of us should be taking dogecoin seriously as an investment, it's somewhere in the confluence of social media on celebrity culture and trading speculation and it is supposed to be a joke and supposed to be something that people have fun with and unfortunately some people lose money and some people made a lot of money but there is no fundamental analysis behind it is not a real technology issue something really clever that somebody came up with a while ago and it continues to draw attention but

you cannot compare bitcoin and dogecoin we have been watching the dogecoin market for some time withat concern what people and investors really need to understand about the key differences between dogecoin is that, one, there is no hard cap on the number of dogecoins that can be produced. there are 21million bitcoin. that is the key attributes of bitcoin. dogecoin does not share that it is volatile it has no original code. it is a copy of bitcoin. it does not have a robust developer community behind it like bitcoin and other more reputable coins like ethereum. what if something goes wrong who will be there if there's a hack or if there's an issue? there is nobody there. there's a lot of marketing resources that are being pushed into the dogecoin community. what is important is the underlying technology which lacks key attributes that bitcoin has. >> let's flip the conversation and talk about ethereum because how high it has moved over the last couple weeks and now today. what do you think the fair value for ethereum is given the use case and there are lots of people programming on to

just mentioning dogecoin. 50% again, crashing on the trading up. what is fueling the mania with our guest. he joins us next. this is bloomberg. ♪ >> i think folks when they come into this space, as they start to see these other things, i think it is a feature, not a bug that these different assets or nft's, they create momentum in the space. i think that is healthy to bring the space to new levels. i think it is a great thing overall. romaine: that was coinbase president and ceo -- coo emily choi. i spoke to her alongside a grayscale ceo. that was part of the bloomberg wealth summit. we talked about crypto. but really about this idea of it becoming a legitimate way to would diversify the portfolio. the idea that if some of the concerns of the past may not be valid today. joe: and of course we had janet yellen weighing in, mentioning today, among other things, that we don't have a fully adequate crypto regulatory framework. caroline: tell that to the dogecoin buyers. joe: yeah. let's talk about diversification. they didn't lose any money today. let'

>> i don't think it is dogecoin.doesn't have a lot of volume trying to boost volume it is still top volume on the crypto compare on coinbase, first of all, any direct sale will have a lot of volatility the main institutions will stay away until it has settled down nasdaq has not done particularly well maybe giving each employee 1,000 shares each was a little bit of an overhand. all employees got shares maybe they wanted to cash in quickly. i think we have to wait and settle down and in time when larger institutions want to buy in and it will give them general exposure >> professor, we leave it there. thank you for sharing your thoughts carol alexander at the university of sussex business school >>> a quick look at futures. it is not all about elon musk. dow opening 70 points higher s&p at flatline. that is it for "street signs." i'm joumanna bercetche along with julianna tatelbaum. "worldwide exchange" is coming up in just a few moments see every delivery... every yikes... and even every awwwwwwww... wait, where was

when we come back, dogecoin getting a boost this morning from, who else, elon musk.ll break down that and talk coinbase earnings. watch unity, upgrade this morning to outperform says the current level is an attractive entry point for investors looking for a high growth software stock and the shares are up 6% or better. "techcheck" is back in three minutes. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. in business, it's n

they are getting into dogecoin. anything else out there that might make a bigger percentage gain, you know , again, to your point. bitcoin has made a huge move. people applauded it and they may buy it or they may not but they do want to buy something that the could maybe go up 1,000% in the next month. do you say are there some crypto s out there that have the ability? >> there's plenty of digital assets that can go ahead and do that, but they are all high risk and i will agree with jason on this , and say that it comes down to speculation, especially on doge, and i wouldn't recommend going into them, but to me, personal i ii just like everything that doge is doing in terms of onboarding people into the crypto space and honestly, they are going into bitcoin and ethererum and going to other, and they are going into other digital assets. charles: right. people all kinds of other names, i got 40 seconds i have to have about gov coins you guys i'll go to you jason real quick. all these countries are making their own ver

. >>> the dogecoin died. the red hot crypto shedding one-third of the price after elon musk calls it a hustle on "saturday night live." >>> the pandemic's new phase and more rules finally become more relaxed. >>> let's talk taxes and what the top 1% of earners really pay. robert frank is here with the numbers. it is monday, may 10th this is "worldwide exchange. ♪ >>> good morning good afternoon good evening welcome from wherever in the world you may be watching. i'm brian sullivan hope you had a great weekend whenever you might be. let's get to your money. overall, futures are mixed to flat a long way to go it's early thin volume. not a lot of indication. dow futures up 68. nasdaq futures down 51 the big question is whether all of the momentum can roll on if so, for how long? it has been nothing short, amazing year so far, for many stocks the markets overall coming off the best week in a month the s&p 500 is now up six of the past seven weeks the s&p 500 has not had a more than 1% drop in two months wow! >>>

joe mentioned dogecoin at the top. let's check out cryptocurrencies dogecoin is the one to watch pipe actually saw news, guys, the reason why it's up is because elon musk is going to be on "saturday night live" on saturday that's what you have happening dogecoin up 17%. by the way, dogecoin half of a penny a few months ago now sitting at 66 cents, dogecoin's market cap is $86 million. you see the other cryptos, ripple up 3% litecoin up 3.5% ether up less. bitcoin up 1.7% at 54,453. we should also check out the "squawk stack," probably worth paying attention to other indices. dow transports another record close yesterday. it's now above the 200-day moving average for 191 straight sessions and it's 141% above the pandemic low for the transports you think about the airlines and other stocks that have suffered, they have come back in a big way. financials and materials also setting record closes yesterday. wti up as well it's up another 1.25% to 6651. yesterday was the highest close since march 11th dogecoin on there one m

meantime, dogecoin it has been coming back all day long.comed by competes exchange etoro. look at the price of dogecoin. it is trading, look at this, bearing down on 57 cents. just weeks ago this was about 30 cents. so it's a big move even for a coin. yeah it is, it is up actually 39%. regardless, it is having a huge spike thanks to etoro. u.s. managing director of etoro guy hirsch. did you have any idea simply bringing aboard dogecoin for traders on your brokerage would have such a dramatic effect on your price? >> etoro is social trading platform. when you have chatter around a particular asset what we saw with gamestop, doge is a meme coin. it fits into our audience. our audience are on social media. our users are on reddit, on twitter. it is a huge phenomenon. when we lifted it yesterday it quickly became the number one traded assets on etoro u.s. charles: what did you look at to convince you, was it a ban? you just didn't have it, right? you decided to welcome it. why? what changed about dogecoin? >> when we are deciding to list assets

crypto moved down yesterday as well check out dogecoin dogecoin is up 35% this morning. we've got a couple of apparent drivers for the doge late yesterday, elon musk tweeted he is working with developers to improve the efficiency of transaction. that is after he announced wednesday that tesla would stop accepting bitcoin because of the concern of the environmental impact mining bitcoin takes huge energy crypto got hit on that news. the other catalyst for dogecoin is coinbase telling people it will offer dogecoin in next six-to-eight weeks dogecoin is more difficult to trade than other crypto. it uses a couple of exchange you have to build a wallet dogecoin up 35%. at 52 cents right now. around the world, asia is closing higher singapore stocks fell after the government's announcement of more covid restrictions put back in place with the rise of local infections japan at 2.3% higher the early trade in europe is mostly higher to end the week. all of the major averages are up norway is in the red what's going on? everything else in the green except norway. you figure it out

buy a tesla with a dogecoin.lawould stop accepting bitcoin due to environmental concerns dogecoin fell significantly after the appearance on "saturday night live." separately, publicly traded crypto exchange platform coinbase will offer dogecoin in the next six weeks it has grown to be the fourth largest crypto by market value worth more than $69 billion. i did see a lot of stuff about what it goes -- how much fossil fuel dgoes into the production o a tesla car and how much coal is used to fire up the grid to allow the car to be reinvested a lot of cynics. i guess people that follow me. a lot of cynics about the whole elon musk -- very quick flip flop on bitcoin. >> true believers don't like it when people are fickle >> well, i thought elon says he is a true believer coinbase shares raising. earnings match expectations. it benefitted from volatile trading and lots of interest in bitcoin and other assets >>> okay so much more to come this morning. take a look at futures on the move. we will talk strategy this morn

dogecoin is the perfect target.sed it has caught the eye of more than one market participant. emily: ok, so let's talk about the other rallies and how do you separate what is happening with dogecoin versus everything else? >> fundamentals would be the easiest way to do it. again, if we think of dogecoin as gamestop, we can think of a theory is -- etherum or something else. whereas ethereum has seen traction and developers building on it, dogecoin does not have it. that is where we separate the wheat from the chaff. emily: so, talk about ethereum and what is happening. we are seeing a rally. so many don't understand why. what is driving it? >> ethereum has had a fantastic run recently. there are some near-term price catalyst people are watching, so improvements to protocol that improves the user experience in terms of transaction fees, and has the effect of putting upward pressure on price. that is one upcoming catalyst. there is also the rollout of the ethereum scaling solutions, which have been anticipated for a fe

dogecoin is down. elon musk saturday night live called it a hassle and on that it dropped below 50 cents and it's now quoted at 51 cents per coin. i promise you. big show coming up, blaming the worker shortage on the fear of covid. doesn't it have more to do with parents having to take children who are not in school or employment benefits that pay far more to stay at home rather than work fax we will get into that. wait until you hear about disney's new employee training program. new hires are taught that america is based on systemic racism and white employees must educate themselves on structural anti- black racism, white privilege, white fragility and white saviors. the happiest place on earth, monday, may 10, 2021, varney and company is about to begin. ♪♪ stuart: there you have it, new york city, empire state building this monday morning. i'm going to take you shoe charlotte where there was a big golf tournament over the weekend with lots of crowds. this looks to me like back to normal. okay, that's

stuart: glad you didn't mention dogecoin. dogecoin, tiger coin, looking at the market.was outperformance by $800, up 40%, the biggest chipmaker will dominate in chips and gaming, cloud, self driving. apple recovering from yesterday's selloff, just announced $400 million in us based laser company like 26. 3-d maps to self driving cars, that might lead people to think there might be an apple car coming. activision blizzard, and $50 million, and and general motors made $10 more this year in the first 3 months than they did last year and reaffirming their guidance despite the chip shortage. stuart: gm at $57 a share. now this. it is national skilled trades day. one pixar movie star working to get more people into skilled jobs. i ask them what is going on with that on the show. the white house press secretary says president biden deserves credit for his work on the border. watch this. >> after four years of immigration system rooted in destructive and catastrophic policies president biden is taking the challenge head on. stuart: rooted in destructive policies, fascinating. m

dogecoin is the perfect target. surprised it has the current market environment i am not surprised it has caught the eye of more than one market participant. emily: ok, so let's talk about the other rallies and how do you separate what is happening with dogecoin versus everything else? >> fundamentals would be the easiest way to do it. again, if we think of dogecoin as gamestop, we can think of etherum as something else. closer to an amazon of crypto finance or digital finance broadly. whereas ethereum has seen of fundamental traction and developers building on it, dogecoin does not have it. that is where we separate the wheat from the chaff. who is actually getting developer and user adoption. ethereum is at the top of the stack. emily: so, talk about ethereum and what is happening. obviously, we're seeing a massive rally. when this happens, so many folks don't understand why. what is driving it? >> ethereum has had a fantastic run recently. there are some near-term price catalyst people are watching, so a few impr

nasdaq back on display more on that plus, elon musk and the dogecoin dropped. kara swisher can weigh in on the "snl" debut. and the largest pipeline in the u.s. shut down by a ransom ware attack a ceo with us on a major cyber threat coming up d? >> diving in on stocks, the nasdaq down more than a percent and a half again this morning. tech, the worst sector by far in the s&p. facebook down 3% apple down a percent sent and a half. >> and off the record close, 4%, from earlier in the year software hit most today. group's down about 10% since the february peak. names like zoom and docusign continuing to fall double digits in the last month. twitter and ring central down more than 20% in that same period chips under pressure as well micron, intel, qualcomm, lam, near bottom of the ndx today jon, some argue that extended weakness in some names in software that provide the best buying opportunity >> yeah. and got to mention crypto. check in on that dosh coin is volatile. falling over the cliff over the weekend during elon musk's "snl" appearance falling another 15 th

dog coin it's dogecoin.een two software engineers in 2013 they were looking for a fun alternative to bitcoin, the world's first and biggest digital currency. >> dogecoin is like digital chuckie cheese tokens. >> i'm going to get the okay boomer for not understanding doggy coin. >> we're talking about dogecoin, of all things. >> dogecoin was inspired by this picture of a sheba' knew dog, already a popular internet mean. its name sick, cryptocurrency because the talk of online forums on reddit and twitter snoop dog, elon musk and guy fieri all tweeted about doge this year. mark cuban talked about it on the ellen degenerous show. at about 30 cents a coin, says it's a better ticket than a lot toe ticket why would someone buy this you can send it to other people, you can spend it the dallas mavericks just started taking it as payment dogecoin was worth a fraction of a penny when it was founded. the boom in prices made them millionaires. >> i put in my entire life savings, maxed out two credit cards. borrowed mone

as china bans financial and payment institutions ether and dogecoin plunging. at one point this morning, the total crypto market cap was down over a trillion dollars from its highs. this crypto sell-off sending shares of coinbase lower well below its opening day price of $381 a share from last month the crypto exchange company even going down for some users this morning. carl and jon, bitcoin is still up about 20% this year it's more than tripled over the last year. but this is about as volatile as we've seen it in a long time and a lot has changed. it's much more integrated with financial markets, different asset classes. the question here is does this send ripples across other asset classes? >> it's true there's a big question right now in the markets as to whether or not this can be limited to as one person said the selling of these digital pet rocks or if it moves across asset classes clearly people are starting to assemble the bear cases which involves esg concerns, elon musk's about-face, the chinese cracking down, sec scrutiny and other things like that.

t parity dogecoin. -- he. need dogecoin -- he parodied dogecoin. >> it's a hussle?ura: it was part of the roller coaster ride. at one point, dogecoin was down a third before recovering slightly. it's up 21,000% this last year. global news, 24 hours a day on air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. anna: let's turn to china and the eu. the relationship is at a low point after ratifying an investment deal with beijing due to retaliatory sanctions on eu officials. the blog sanction chinese officials over human rights abuses. for more on the eu china relationship, joining us now is maria tadeo, standing by with a guest. maria? maria: good morning. let's go straight with our guest, who is a german mp for the re-endowed. i have to ask you the question everybody is putting to themselves. is this deal going to be ratified anytime soon? >> i guess not. the european parliament is very much united in taking the stance that, as long as we are under sanctions from the chinese side, there is

dogecoin was already falling before the start of the program.he takeaway was not the dogefather can do a skit and people will decide to cash out on the gains we have seen. it was quite the roller coaster ride and traded within a 40% range in his show. this is a ridiculous financial assets, and i do not think it is an insult to say that, because that is the purpose of it area but sunday, we get this tweet from elon musk, taking the meme to its logical conclusion. that is sending dogecoin to the moon. he ended this tweet the same way he ended his s&l sketch. manus: it is all in how you say doge. the theory him -- ethereum is making a record high. what is the name of the dog? annmarie: shiba inu. manus: coin base dropped to its lowest sense the ipl because people cannot get their hands enough on these stocks. dani: the old coins are not on coinbase and that is why some people blamed coinbase. they are on robinhood. robinhood crashed during saturday night live. people were hosting watch parties. obviously, it did not work out so well for the doge fa

what is dogecoin? what is dogecoin? eventually he answers, it is a hustle. a joke but i thinkit was started as a joke cryptocurrency. ,and i think elon musk continues to treat it as a joke cryptocurrency. emily: so, then, do you believe he believes it is a hustle? is that what you are saying? ed: it is hard to know because the other piece of news that came out on sunday, the following day was that spacex , had accepted payment for a small lunar satellite that spacex will actually carry into lunar orbit in 2022 that was paid for completely in dogecoin. so his business is transacting , using dogecoin. so, you know, saturday night elon musk live is a sketch show. ,he treated it as a sketch show. there were references to him, his quirky nature, him as the rocket scientist. he kept in the spirit of it but being a sketch show. an when he talks about cryptocurrency, it was in that vein. emily: they certainly covered a lot of topics. all of elon musk's additional interests. i want to talk about some news importantly out of tesla , regarding that crash in texas. we a

dogecoin started as a fake cryp crypto it is up 1,200% since the beginning of the year.you did that, congratulations. >>> let's go around the world. positive session across asia overnight. nikkei is surging 2% after the markets opened for the first time in a week they were off for the golden week holiday and checking the early trade in the european market. the bank of england latest interest rate decision is out in a couple of hours. 7:30 a.m we are seeing slight gains green on the screen and across the board. >>> let's step out of the markets and get to the top stories. including developments on the vaccine front. big ones and big ones at big pharma bertha coombs has that good morning >> reporter: good morning, brian. the biden administration is announced it is throwing support behind waiving intellectual property protections for covid-19 vaccines. that could ramp up protection in other country. the extraordinary circumstances of the pandemic call for extraordinary measures now the move comes as coronavirus infections surge in countries which have struggled to procure o

i hope it is not dogecoin. in that sketch, there was a back-and-forth constant. what is dogecoin?he answers, it is a hussle. it was started as a joke cryptocurrency. elon musk continues to treat it as a joke cryptocurrency. emily: you believe he believes it is a hussle? is that what you are saying? ed: it is hard to know because the other piece of news that came out on sunday was that spacex had accepted payment for a small lunar satellite that spacex will actually carry into lunar orbit in 2022 that was paid for completely in dogecoin. his business is transacting using dogecoin. saturday night live is a sketch show. there were references to him, his quirky nature, him as the rocket scientist. he kept in the spirit of it being a sketch show. when he talks about cryptocurrency, it was in that vein. emily: they certainly cover a lot of topics. all of elon musk's additional interest. i want to talk about some news out of tesla regarding that crash in texas. the initial reporting said there was not anyone in the driver's seat. the ntsb has confirmed there is video of someone in the dr

. >>> inside the dogecoin craze. >>> under construction. the massive spike in renovations causing a shortage of supplies. appliances and labor. what homeowners should know before starting that summer project. plus the organizing solutions all under $40 to help you declutter. ♪ welcome to my house ♪ >>> welcome to her house. >> i've had to work twice as hard for half as much. now i'm coming for everything. >> she's the lawyer turned reality star making franchise history as the first black cast member on "the real housewives of new york city." eboni k. williams joins us as we say, good morning, america. ♪ welcome to my house ♪ >>> welcome to our house, times square. good morning, america. we're grateful you're starting your wednesday with us. cinco de mayo. >> cinco de mayo. >> yep. >> if you need ideas for lunch, we got you covered. chef jason goldstein shows us how to transform sheet pan meals into delicious gourmet sandwiches in 30 minutes or less. i saw the book when i came in this morning. i'm taking it home. this

dogecoin started as a joke. would you get into dogecoin? >> i thought about it but didn't do it.use you don't know how they will be done. stuart: we have a very hard time following what is going on but appreciate you being with us because clearly you are doing well. luca gaza, best of luck with the draw and see you soon and best of luck with your cryptos too. thanks very much indeed. new york city using nba playoff tickets as incentive to get people vaccinated. there he is, mayor bill deblasio wearing a brooklyn nets jersey, he ditched the casual clothes as soon as the news conference ended, back into his suit and tie, that is the mayor of new york, very tall by the way. dow industrials down to the tune of 70 points, the nasdaq is up to the tune of 54. the retailers reported strong results this morning, walmart up 2.3%, macy's, the department store, up 6%, home depot despite good earnings down half of one%. tuesday trivia time. what is the most widely consumed beverage in the world? coffee, milk, tea or beer? the answer when we come back. i order my groceries online now. shingles

whale in the crypto market, rallying dogecoin by 30%, he said i'm working with dogecoin developers tok with crypto exchange coin base also making news thursday and helping dogecoin prices to offer dogecoin support in the next 6 to 8 weeks. i should also note that tesla denied testing bitcoin for their cars, this is, you might be one of them, what exactly is the underlying motivation for elon musk who is a big investor in dogecoin, investors at coin-based, 60 million traders, pretty bullish if there is more access given. stuart: don't understand what musk is up to. why is he doing it? does he just love the publicity? >> you also have dave for toy, the best inside trader because we know he invests in bitcoin and dogecoin. he helped single-handedly lift the price, gains at the end of the day. stuart: is he talking up his own book and moving the market? it is a fair question to ask. the cdc says vaccinated people can ditch their masks in most cases, role tape. >> get vaccinated or wear a mask until you do. if you are vaccinated, the unvaccinated people, if you are not vaccinated you shoul

about dogecoin in the opening monologue. value dropped nearly 30%. it's rebounded down 17% at last check. worth about 57 cents. >> what is it, man? >> i keep telling you it's a crypto currency you can trade for conventional money. >> oh, so it's a hustle. >> yeah, it' kind of know elon. he could have his own jokes of himself. >> as we showed you last night, a group of folks from the east bay tesla owners club gathered to watch the show last night. >>> it's time for graduation snoin ceremonies to begin across the bay area and unlike last year, graduates will get chance to celebrate. university president said they would lof love to have a traditional ceremony but will settle for the next best thing. the grads of '21 and '20, can drive their car to a special staged area. they can stay in their cars while the names are read over a speaker. guests can be in the car with them but only the graduate is allowed out of it to take a professional photo when recognized. >> safety first always. that's how we have approached this whole pan

i mean, it must be really weird to be a dogecoin billionaire. "what's up baby girl, i'm so loaded i'll tang you to space. "oooh sounds fun, but first, can we get a sandwich?" ( as josh johnson ) "uh, yeah, in that case, i'm gonna need you to spot me." but let's move on to our main story: israel versus palestine. and i know that even saying that sentence means i'm losing followers on social media. that's how contentious this topic is. before you even finish the sentence, people are like, "you idiot! how dare you! shut the hell up!" but, guys, we have to talk about it, because this is one of the most difficult stories that has existed in our lifetime. i mean, there are lots of fights that seem like they will never come to an end: india versus pakistan, china versus tibet, white people versus rhythm. but israel versus palestine is a 73-year-old beef that has stumped everbody. i mean, when it stumped jared, you knew that this thing was difficult. but the parodox, the parodox is that because israel and palestine has been ongoing for so long, people f

to power higher look at that dogecoin is up another 18% right now to 66 cents. it was one half of one penny a couple months ago. wow. bitcoin up 1.5%. ethereum up a point higher dogecoin, seems like those traders single-handedly will, push, prod, whatever that crypto to a dollar. it was less than a penny literally a couple weeks ago >>> all right. let's go now overseas and take a look at the early trade in europe not a huge trend here. we are seeing a bit of a bounceback, germany up 1.3%. france as well, in fact, gained a little steam, uk up over 1%. overseas, a developing story and concern around china and taiwan. beijing taking steps to increase its military pressure on taiwan. carrying out regular amphibious exercises and flying over the nations. those provocations ignored through the taiwan strait. there are growing concerns that china could carry out a calculated limited military engagement in the strait or take direct action towards one of the taiwan-controlled islands in the south china sea. through all of this chinese state media on monday slam a meeting

a lot of dogecoin analysts are saying it is good for cryptocurrency.ket has -- musk has always been like this. he has always been a little bit jokey and a little serious about dogecoin. haidi: who's laughing now? the latest on dogecoin. let's take a look at some of the other stocks we are watching. sophie: we are closely watching materials prices. goldman is recommending staying long on copper and natural gas. iron or futures in singapore continued to climb by more than 9% during the commodities rally across the complex. keeping an ion bluescope, which bloomberg intelligence says that it's discount is unwarranted. we are keeping an eye on aussie casino stocks after crown received competing bids from star and blackstone group. in japan we are keeping an eye on honda, reporting they have suspended automatic manufacturing in india. they will be asked to close by city governments during the extended emergency. we will get a check on the local consumer there. kathleen: sophie cameron, thank you so much, getting us all set for the rest of the trading day. we

ando chicoine -- dogecoin, that was a skit, it was comedy. boy, those people took it as a chance. haidi: i remember when it was just a joke. who can resist that dopey shiba inu face? doubling down, spacex with a mission to the moon in 2022 with the satellite used for space research has been paid for entirely in dogecoin. i have to say it, is this the first doge in space? kathleen: i love it. elon musk in his opening monologue was saying how, i get so much criticism, and i did that podcast where i smoked a joint, and ever since people say "he smokes joints, he goes on podcasts," but he said, i'm also helping bring electric cars to the world, and i will send people in a rocket to mars.did you really think i would just be a chill guy? he really handled it well. haidi: it is interesting. such a cult of personality. i'm really curious, as we begin to see in the markets, preservation and the incoming cloud of inflation, what happened to the other assets in particular the more french ones like dogecoin? we are getting you caught up with the other bu

. >> jimmy: dogecoin, velcro two major investments >> steve: how much money you got in dogecoin >> jimmy> steve: doj coin >> jimmy: oh, i'm sorry, in velcro >> steve: oh sorry [ laughter ] >> jimmy: dogecoin, i have one dogecoin >> steve: bit sticky, it's a a little sticky. i have half a coin >> jimmy: i have a half a coin >> steve: half a doge. >> jimmy: and i'm like elon, just say something good, please just something give something to daddy. come on. >> steve: come on, give it a a little boost well, jimmy, it's going to be good >> jimmy: aw, great. >> steve: not for dogecoin >> jimmy: for bitcoin. it won't be good for doge. >> steve: farfegnugen coin [ laughter ] >> jimmy: today is friday. everybody's in a kind of a fun mood here. usually this is -- friday's are good for me >> steve: why's that >> jimmy: that's when i check my e-mails i get a lot of emails. fred sent me an email. >> steve: really >> jimmy: he's excited to be on the show, tonight. of course, i send out thank you notes on friday. [ cheers and applause >> steve: sure >> jimmy: i was busy today >> steve: really >> jimmy:

dogecoin plunging.aturday night live" but tweeted spacex is launching satellite doge one to the moon next year and the mission will be paid for in dogecoin. short seller who tweets under wall street cynic blasting the tweet saying spacex is a government contractor and we have no idea who is benefitting from higher doge prices. he says anonymous position in doge may be a security issue is it hyperbole or do you think he has a point >> i think he does have a point. i would say noted short seller he does other things in the markets and a pretty smart commentator here listen, it's kind of a bunch of silliness when you think about all that's gone on around this when he's doing serious things with spacex. to me, it's kind of like shrug emoji. why bother i think the point about who owns this thing and why do you keep pumping it, is a serious question and just doesn't seem to be something that a serious entrepreneur or serious -- somebody who is a national security contractor would want to mess around with. >>

the mavericks became the first to accept dogecoin.s sores, some sports leaders are still skeptical. >> it is hard for me to wrap my mind around bitcoin being a viable currency. blockchain is extremely valuable but bitcoin will have a long way to go to be accepted in places. people forget when we went off the gold standard. gold is a less efficient bitcoin. value is based on what it -- what people think it is worth. gold value is only in the mind. bitcoin is a more efficient store value. i think it has a long way to go and what i am worried about is if it goes that far and starts to be accepted as currency, gold will react. people don't remember when we went off the gold standard. if bitcoin starts to threaten this, they may say that bitcoin can't be an excepted currency. it will be used as electronic wallpaper. emily: if you're skeptical about bitcoin, i wonder what you feel about dogecoin even though mark cuban and elon musk love it. steve: it seems like a prescription for disaster. obviously, it could be fun to buy a lot of those go

if you have dogecoin, you have a lot of it, maybe you want to say doge coin. know robinhood did crash crypto for one-half hour at that moment, but robinhood was also the top app in the app store all last week. so david, what keeps happening is, as i see it, more new people come in, and a lot of people come in, on these, and now it is ethereum, the momentum in ethereum is extraordinary, extraordinary. >> well, ethereum is used for any number of things >> sometimes - >> many things you have to -- the market is relying on ethereum. >> last week, you had to go to the square conference call, it was really brilliant >> you've been keeping track of this real quickly, jim, to come back to the robinhood cohort which of course we spent now nine, ten months, it was probably a year ago when we started to become aware of this new group of investors who perhaps, because betting was not happening, any other number of reasons, where are they in your opinion and we started the show talking about growth stocks getting hit. these were many of the names that were favored by, incl

dogecoin is leading the gains. we will discuss that later in the show 59 minutes left in the session the nasdaq is up 2.5%, sara. >>> coming up on today's show we'll dive into the weaker retail sales number with the president of shopify and ask whether today's number matches what he sees from the consumer. >>> plus should you buy on the dip in disney. one analyst says there's a lot to like. let's get straight to the big stories we are watching. one hour left of trade joining us to talk about retail sales miss is morgan stanley chief economist ellen. mike, start us off. >> a very broad comeback today, sara yesterday was an imperfect bounce a lot of times the market is under a lot of stress. there's a lot of waffling back and forth. it came in today and they clicked on the machines and said volatility is coming down, sentiment got a little too nervous and we're going to buy them up. closing a gap down from monday's high right now 4178 you see this looks a lot like these other dips that we had along the way. 3% to 6%

it's dogecoin, by the way. >> i was wondering, dogecoin? cha-ching for some or wah-wah. >> i'm listening. i know a lot of people got caught up in this one. >> uh-huh. >> just like a lot of people bought it and it caught up. i know a lot of people that were upset when he called it a hustle on "snl." >> thanks, frank. wah-wah. >>> this morning president joe biden working to make a key goal, next on "today in the bay," the progress being made in the vaccination rollout across the country, what it could all mean for your summer ahead. we'll be right back. >>> it's monday morning. wake up, wake up, wake up. "today in the bay" has started. taking a live look out for you walnut creek this morning as we get started with the day. getting started we are, the team is all here this morning. meteorologist kari hall working really hard, kari. we still have the red flag warnings in place. >> yes, unfortunately we've had such dry conditions around the bay area, and that's what we'll be watching out for today, any grass fires could be popping up and we have

let's talk dogecoin. doge crypto can. >> billion dollars in counting, market. 25 to 30% this morning at the high and if you look at dogecoin you are scratching your head already, it is bigger than twitter, dollar general, ford and even craft heinz. you have adoption of budweiser, slim gems, and adding doge, coin for $20 million of its users. tell me if this shocks you, was up 100%. stuart: anybody can make those calls. if it goes up overnight, 25%. tweets about it with snickers and slim gems and appeared on a budweiser can, that is all it takes to get up 25% then it is a joke but that is my opinion. we are out of time. police officer's emotional plea getting a lot of attention. watch this. >> i'm tired of every time i wake up in the morning there is someone, law enforcement is not a good thing. i'm so -- tired! stuart: i'm with him. and you will hear more from him, that officer, police officer coming up on that show today. senator josh pauli says if you think big tech is scary now wait until they team up

emily: i want to turn to shout -- elon musk and dogecoin.e saw elon musk refer to doge as a hustle, and it's unclear if he was serious or joking, and then a tweet today, asking if tesla could accept does going -- dogecoin. >> especially after the selloff from saturday night live, what it shows is that mosque is serious, doubling down on crypto. i've seen boosts for dogecoin. crypto is something that tesla is going to double down on. at the time, it's a glass half empty view of the stock. emily: but as somebody who covers tesla, is that something you like? should tesla be accepting deoge coin? >> i view it as a distraction. they are clearly going through some speed bumps. investors focused on tesla, it's a slideshow. that something that is a balancing ask for -- balancing act's -- act for mosque. they just want to focus on execution. this comes on the same day china numbers came out pretty soft from tesla. this is definitely going to be a trying time. emily: what is your outlook for tesla coming out of a pandemic, knowing that more people mig

this is bloomberg. ♪ tom: i like dogecoin. i really like doge.rude oil and gasoline rose after a cyberattack put the largest oil pipeline in the u.s. out of action. colonial pipeline still has not come up with a timeline for restarting operations. suppliers are worried there could be a shortage of gasoline and diesel across the eastern u.s. in jerusalem, weeks of violence threatened to escalate. palestinians clashed with israeli police, and at least 50 palestinians were hospitalized. israel is marking the anniversary of the day in 1967 it captured the eastern section from jordan. dogecoin has now been used to pay for a lunar satellite launch. spacex will embark on a journey to the moon next year carrying a satellite that has been paid for in dogecoin. no word on what that satellite cost. global news 24 hours a day, on air and quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> the cdc has been saying all along that it is likely we are undercounting. the

so if you have something like dogecoin and it can be created and have real value, what's it mean forecause bitcoin supply is limited. now we're saying the supply of cryptocurrencies is not. so what's the answer? either dogecoin is worthless or do we need to question the supply and demand of crypto that's what i don't understand about all this i'm sure someone smarter than i will point me in the right direction. curiosity for sure. >> is dogecoin really worthless when it has almost $90 billion market cap at what point do you say it is what it is and it is worth something. coming up options traders ahead of tomorrow's trade. and first edly as cnbc celebrates asian american pacific-islander heritage month. >> you always have to speak up, if you are see ago a slight not just against yourself or other asian-americans but against any minority group, speaking out and having alliship with fellow people of color i think is incredibly important and necessary for the future when sending a text at 3am... ...is something you won't regret. craving pizza. personal assistance, 24/7. one of the many

stuart: i have to bring in dogecoin.e into that or not but dogecoin is worth more than moderna, 408 of the 500 biggest companies in america. our director some do it up best this morning for me at least, the fear of losing on dogecoin is greater then the possibility of winning on dog the ecoin. that sums up my position in my 70s. how about you? >> the fear of missing out that something is happening given a generational move does have a lot of people bringing tons of money into this aspect class, in general when we look at the cryptos and this unusual, putting it mildly, case of dogecoin. i had no interest in anything financial talking to me about dogecoin and how they could get involved, that is getting bubbly and use a 10% drop overnight. it has recovered a little bit from that but i believe what we are seeing is asset inflation in general and crypto inflation in particular continuing to pour in and as long as that happens price will go up but i think we are going to end up with the irs and a handful of big traders. stua

dogecoin, would you touch it? >> dogecoin, 37 to 40, that would be a good place.hasing it here might be a little bit frightening. people say it is going up on nothing but there are some things happening in the space, for example the oakland as are allowing you to buy seats to their games, two seats for three games with 100 dogecoins. if there is effective use, that will be bullish. charles: as long as the cure emergencyyon hates it i like it. you make a note that it didn't break out. how much more downside could there be before sort of regather itself, talking mainly these big tech megagrowth names. >> everything was making new highs, sorry. everything was making new highs recently but tech wasn't and nasdaq wasn't. after more than 100% rally in the nasdaq and a lot of these tech names maybe 10% correction? it is sell in may go away, right? it would be perfectly normal. kind of like jim mentioned before i came on, pull back with strong growth that is still there. buyers will eventually step in, like i talked about in the first question, baton passed to value. weak

the strongest example of that, dogecoin.hosting "saturday night live" this weekend. a whole brouhaha over that. why? we'll ask joe piscopo after this. ♪♪ so i only pay for what i need. 'cause i do things a little differently. hey, i'll take one, please! ... one-hundred percent wet, guaranteed! or the next one is on me! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar cre

. >>> now to a cryptocurrency battle weeks in the making elon musk tweeting in favor of dogecoin latee developers who improve system transaction efficiency potentially promising. that tweet along with news that crypto exchange coinbase would offer dogecoin sent prices of the meme-inspired currency soaring. this after elon musk announced earlier this week that tesla will stop accepting bitcoin for car purchases, citing environmental concerns casey newton to break it all down he is the editor of platformer, a cnbc contributor as well i'll ask you the most loaded question you can ask what's musk up to? >> well, most days i'm not even sure that musk knows what musk is up to, right, when it comes to cryptocurrency this has been a week of absolute chaos on one hand saying that tesla will no longer accept bitcoin and on the other hand saying he's getting more excited about dogecoin so is there kind of through line between those things maybe. but if so i don't think it's obvious to any of us. >> do you think he's helping or hurting the whole crypto effort with the moves this week >> look, he'

welcome back what you are seeing right there is a chart of dogecoin we are showing it to you becauset's well off its session highs. at one point this morning when i was on "squawk box" looking at the chart it was up 20 to 30%. it was at 66, 68 cents per tiktok token. >> people were buying it at one cent. >> they were it was as low or high depending how you want to look at it, as four to five cents in february or april february is when spacex founder and tesla founder and ceo elon musk started tweeting about it talking about it going to the moon and whatnot there is a narrative out there i guess is the way to put it that a lot of the rise that we are seeing is because he is going on cnbc's sister company, right, nbc, "saturday night live," this saturday night. >> he tweeted about it again today. >> the doge-father -- that's what he's calling himself. what it going to do -- if he makes more comments on this does it go even higher? >> do you remember doge they were trying to make 3/20 into -- i remember buy the rumor, sell the fact go ahead. >> i was going to say, if you look at the way