wasn't fiat dead in the '90s fiat currency. i think we will end up with the special edition physical frames like video frames where you can show the digital based nfts that you own. this sounds all airy fairy but it will come back physical >> i thought, listen, if you are sort of a well known major brand, why would you not experiment with this especially if you're an established legacy media company. you have these covers. some of them by some iconic. you think of obama's inauguration you're looking for new revenue streams. you're trying as hard as you can to monotize some new angles. why would do you not experiment with this. you want to get a whole podcasting network up. why not play around with this. it seems like an option you want to explore >> how long you come out with an nft backed sub post? >> watching some of these brands experiment with nfts has a slight whiff of desperation. it feels like it will be a pretty quick flash in the pan when it comes to reselling digital magazine covers. buddy of mine just bought a digita

and like susan said, not as a fiat currency. neil: interesting.itcoin was the fact that you can own it fractionally as much as a number of brokerage firms and others have allowed buyers to buy, you know, at a much smaller discount here. so you have a fractional ownership in a coin as you would with some expensive stocks. i think that was a game-changer for people who whether they're buying, you know, a piece of this at $300 or $3,000, their percentage gains are just the same. i'm just beginning to wonder whether the government rains on this parade and says, no, no, no, no, no, we don't like what's going on here, and then all bets are off. >> is that to me? neil: yes, susan. >> no, no, no, i didn't want to jump in and interrupt john if he was going to step in. but i would agree with you. i think there's some confusion about government policy right now and whether all governments will allow bitcoin to be used in transthe actions -- transactions, to be held, to be sold and to be traded. but what about the u.s. digital coin, because we do know that ja

by federal fiat, the equality act creates do mr. graham nation -- creates discrimination against anyone who's a sincerely held view of sexuality and gender conflicts with the government's morphing ideology. this is not only wrong but endangers women safety and locker rooms, dorm rooms and homeless shelters. >> my daughter would not grow up in a nation where, as an example , in 25 states, she could be discriminated against because of who she was. that was upsetting to me. she could be thrown out of a restaurant, evicted from her apartment, denied access to education and denied health care. just because of who she is. on top of that, the likelihood of facing hateful and violent acts, and she has, simply for existing and being her authentic self was almost a certainty. signing the equality law in -- equality act into law will not change that overnight, but it will ensure that americans like my daughter are afforded the same civil rights already extended to every other nation -- every other american across the nation. >> senate judiciar

if he does not by fiat and the executive branch, they will institute them by hook or by crook in congress. what does that do to our country when we're facing enemies aboard? this sort of tumult is taking place at the hands of this president and his party in particular communist china. iran. and thinking about our own national security. you know, they used to say about a hundred years ago, the sun never sets on the british empire. they said about a hundred years ago, that the british navy, controlled the seas. they don't say that any more, britain is not a top super power any more, they are with nuclear weapons and military, but not. britain's economy used to touch every aspect of the planet, i fear people of whether that u.s. will always be the most super of super powers because we were raised that way, but what hatches if or military is degraded, what happens if your economy is attacked, what happens if our enemies, are more efficient and more focused on their objectives, and those being, to surpass us. militarily. and economically and to threat to en us,this is a great concere facing a

italian carmaker fiat chrysler france's p.s.a. both managed to make a profit in 2020 still spite falling sales across the board the 2 companies which merged to form the still group in january made around 2000000000 euros in profit each this opteron managing to keep prices steady during the pun demick. the european union is planning to extend pandemic aid for businesses for another 2 years the block's $27.00 governments have already poured billions into emergency health care tax relief and aid for faltering companies while economies are starting to pick up reliance on government aid remains strong. here in germany the government is expected to extend its current locked into march 28th that's according to a widely circulated draft document which forms the basis for a meeting currently underway between chancellor i'm going to the country's state leaders business reopening a major discussion point retailers want a path to full store openings especially in regions for case numbers are relatively low health officials fear new virus stra

us a talent carmaker fiat chrysler on france's p.s.a. both managed to make a profit in 2020 despite falling sales across the board the 2 companies which merged to form the still ounces group in january made around $2000000000.00 euros in profit each this opteron managing to keep prices steady during the pandemic. the european union is planning to extend pandemic aid for businesses for another 2 years the blocks $27.00 governments have already poured billions into emergency health care tax relief and aid for faltering companies while economies are starting to pick up reliance on government aid remains strong. here in germany the government is expected to extend its current locked into march 28th that's according to a widely circulated draft document which forms the basis for a meeting currently underway between chancellor angela merkel to the country's state leaders business reopening a major discussion point retailers want a path to full store openings especially in regions for case numbers are relatively low health officials fear new vi

i do not think the dollar is being compared against other fiat currencies. i think all fiat currencies are being debated. >> yves bonzon, stay with us this thursday morning. let's get a recap of other news. your first word news. >> good morning, the suez canal is still blocked. tugboats and diggers so far have failed to dislodge the massive container ship that is when the ground. it is raising the chances of prolonged delays through one of the world's most important waterways. around 100 ships are now gridlocked. the blockage is costing $400 million every hour. north korea has fired its first ballistic missile and a year, an early challenge for u.s. president joe biden as he forms his policy toward pyongyang. japan and south korea confirmed the move, saying it landed between the korean peninsula and japan. the u.s. says it is monitoring the situation. the securities and exchange commission as reportedly started an inquiry into the spac frenzy rubbing wall street. the concern is it may be insider trading. the inquiry is currently asking for voluntary informat

blue state bail-outs, more attacks on your second amendment, that joe biden might use an executive fiatere to react to all of, south carolina senator lindsey graham except i have the modified new york state legal model, whichor basically takes cosmetics and makes people think it's something that it's not because they don't know anything about guns to begin with but i have to follow the law because you and i both know they would love to put me in jail forever. let's go to the border first. >> this is why i don't live in new york. >> you're lucky. >> sean: i'm stupid. i admit it. but here's my question. you're down at the border. do they really tell you, senators, first of all, they told border patrol agents they could no longer do interviews or ride alongs and they aren't allowing any pictures. we still haven't seen the inside of one of those cargo shipping containers that they are putting kids in and then they wanted to delete your phones. >> i saw a giant cover-up. i can understand why the biden administration don't want the american people to know what's e going on. massive system fai

i also predicted they would rule by executive fiat, they want open borders and amnesty. so far, 4 for 4 and 5 for 5 if you want to add they destroy the energy sector. >> right. this is big news. can you imagine what would be happening tomorrow morning if we found these emails on president trump's watch? can you imagine the news tomorrow when you had 694 children in a pod meant for 80 people managed by two border patrol agents, can you imagine the problems with covid we are experiencing at the border? 14,000 unaccompanied children a month coming because the first thing they did was decide to exempt unaccompanied children from title 42 deportation. have a child makes it into america, they will stay in america and won't be sent back. that's being abolished. if you get to america, they will release you in america. they have created this problem because they change policies. where are the liberals going to the border and looking at the kids like they did with trump? all i can say is i'm going down with 18 senators and if they deny me the ability to go where i want to go and s

we can't keep governing by fiat or in the many other fields that congress has ceded its authority to the executive. those days should be over at this point, and we need to work together to get those bills passed. look, i agree with what's being said here. there are problems at the border. humanitarian issues with these people living down there, i don't like it. i want to see people living well, i want to see humanitarian relief to these people, but we can't just wish it away -- kennedy: no, and you can't just come up with a new word and pretend that their issues and their pain doesn't exist right now. that's lame too. but in a different realm, california students are struggling with depression, isolation and huge learning gaps like other kids across the country. their teachers appear to be living the california dream. leaked documents show multiple california school districts have discussed dispersing teacher bonuses. teachers joking about using the money to go on vacation to hawaii. this is money that's supposed to go to reopening schools. i say lock it up or give it to the unemploy

you have the gold standard, fiat money and blockchain cryptocurrencies.a regulated currency by the federal reserve, it no longers that that green or luster. david: that is a great point. >> of being a separate entity, unregulated from government intrusion. david: there is something lovely about its rebelliousness, the crypto would lose if it gained legitimacy in a strange way. i want to switch to something a little more concrete. tesla's stock is surging as ark funds updated the price target to 3,000. it is $700 a share. it could go up to 3,000 by 2025, making tesla's valuation close to three trillion dollars. jonathan what do you make of that trend? is it possible? >> if you live long enough you see everything a few times around. this whole phenomena of ark investment, reminds me so much of the late 1990s when you had the star investors putting as stow mom call price -- astronomical price targets on priceline .com, david. tesla is amazing but can be overvalued seemingly for in perpetuity. the stock is up 700%. what worries me tesla will not succeed, i th

. - that's called fiat money. and the future is crypto.sn't that the money you use to buy synthetic marijuana from the philippines? - no, no, no, no, no, no, no. i mean, yes, but not just that. you can buy all kinds of things with bitcoin. - like a robo-dinosaur collectible? - uh, sure, you can buy any dumb toy you want. - well, technically, it's not a toy, it's a collectable. - you see, bitcoin is a semi anonymous digital currency with transactions recorded in an open ledger stored online in what's called the blockchain. - ooh, blockchain, like legos. - legos? jesus christ... - similar to legos. - okay, let me start at the beginning. give me a dollar. - okay, now what is this dollar bill worth? - one dollar. - mm-hmm. which is worth wiping my puppet ass with. - what? oh, smugly, that's my dollar. - relax, man, every dollar bill has been in someone's ass. the point is it comes from a central bank which can just print them out of thin air. that's called inflation. and that's why 30 years ago, a bottle of lambrusco only cost $5, and now i'm

and ethiopian migrants tell to say that final press before a fatal fiat in some yemen since the rebels are blamed for the tragedy. looking lassie found a drive for much of western europe over the next couple of days because got a nice big area of high pressure just not getting its way in round area of high for the meantime we are still running a few showers down the north sea it's a cool direction mostly wind so we'll see cooler who had just taken down into central parts if you have 4 cells just 7 celsius for vienna so the single figures you get the idea of some wintry flowers as well sliding down swards rumania wet weather there are still in place just around southern parts of italy and greece but over towards the west his now warm 14 celsius madrid not too bad 14 celsius in glasgow absolutely fantastic yes it does cool off a little as we go on into friday but more in the west sunshine and in light winds it really will feel quite pleasant small wintry flowers coming into those central parts just around the czech republic austria switzerland still seeing some snow showers will continue

. >>> fiat chrysler warning some ram truck owners to park outside because of a risk for engine firescks due to an electrical issue in diesel engines. >>> rain along the east coast and across the midwest. more storms for the southeast. snow in the rockies and mix of rain and snow for the pacific northwest. >>> finally the front lawn display that helped one neighborhood forget quarantine reality is coming down. >> will ganss has the story. >> reporter: for the last 365 days laura snyder set up elaborate displays with her bear hands. >> one day weather was too bad. >> reporter: after a full year of mcdonald's drive-throughs, kissing booths and exercise classes, this is the grand finale before the bears go into hibernation. >> we have a lot of people that come by every single day and i'm like, this is the last time i'm going to see some of these people. >> reporter: with vaccines rolling out in cities opening back up the bears taking a bit of a breather for the first time in a year. >> one little girl came up and gave each bear a hug before she left. she said good-bye to each of the bear

by federal fiat, the equality act creates discrimination against any american who is reasonable, sisson nearly -- sincerely held views of sexuality conflicts with the governments morphing ideology. this is not only wrong but endangers women's safety in locker rooms, dorm rooms and homeless shelters. >> my daughter would not grow up in a nation where, as an example, in 25 states, she could be discriminated against merely because of who she was. that was upsetting to me. she can be thrown out of a restaurant, evicted from her apartment, denied access to education and denied health care. just because of who she is. on top of that, the likelihood of facing hateful, vile attacks, and she has, verbal and physical, for simply existing and being her authentic self, was almost a certainty. signing the equality lacked -- equality act into law will not change that over not -- overnight, but it will assure americans are afforded the same civil rights extended to every other american across the nation. >> senate judiciary committee members heard from lawmakers and outside witnesses on the pros and c

there is a real fear of debasing of fiat currencies. i think it is a commodity.modity that is easily storable, easily transferable. the irs classifies it as a physical asset. so i think it is interesting. i think by the way, when you look at gold price action in the context of a robust inflation narrative of late, it has struggled getting traction because bitcoin is taking some of the base away. >> do you own any bitcoin? >> i am not going to answer that. >> that is what i call a mysterious response. >> one thing when you think about bitcoin, central-bank digital currencies are going to be here quicker than people expect. china has been running their trial for a well-known. i think there are strategic regions why they are going to be a first mover. i do think from a geopolitical perspective, they want to use that digital currency to -- it a potential threat -- >> does it delegitimize bitcoin? >> i think it is a real threat but i think it will be temporary. i don't think they will be successful permanently stabilizing -- destabilizing bitcoin. >> speaking to erik

we've got news about the merger of fiat chrysler and psa. adjusted operation and come with a margin of 5.5% to 7.5%. the full-year adjusted operating margin, seven point 1% versus 4.5%, the average over 2019 and 2021. we are getting guidance of what they are aiming for. we are also seeing targeting of a one billion euro burn at the business, and also getting an outlook statement from them, or rather some context around their outlook statement, saying it assumes no significant covid-19 lockdowns, which is worth bearing in mind as we look at this outlook. it was the business plan from here for the joint entity that was a focus for investors. adjusted operating income, a margin of 5.5% to 7.5%. that is what they see for the full year. let's get back to the u.k. and the budget story. richie sunak will pledge to use the u.k. governments firepower to protect jobs. in his budget statement, he will also signal the need for further sacrifices to pay down the huge debt accumulated over the past year. >> we keep coordinating between moments of pessimis

any kind of negotiations, no oversight, no debate, just like they have been ruling through executive fiat, ignoring the coequal branch of government. the latest far less plan revolves around a $3 trillion so-called infrastructure, though in reality a phase one of the new green deal, think of solyndra on steroids, and they'll raise your taxes, whopping $4 trillion in new taxes. that includes tax hike on small businesses, tax height on capital gains. they are ready making you pay more for gas, oil, heat. joining us now former speaker of the house newt gingrich. welcome to the program. you see what's happening? >> good to be with you. >> sean: amazing times we are living in fear and i'll leave it wide open for youec because i cn tell with that smile on your face you have a lot to say. >> look, i think you are faced with a corrupt democraticch machine on everything it's doing right now, whether it's hr one, or this newest idea which isn't a infrastructure deal, it's pay off the democratic allies bill. go through all the items, what they are doing is they are lumping everything together, rammi

he does everything by executive fiat. and here's white house spokesperson psaki saying these policies are here to say. >> have there been any policies about reversing the policy of allowing all illegal children into the united states? >> no, none at all. >> sean: as this becomes a bigger disaster they may want to circle back. open borders, catch and release, amnesty, all in the biden sanctuary states of america, all in the middle of a pandemic, and yet the biden administration bypassing laws of this land, abandoning the board patrol and opening the flood gates. now we have dangerous cartels getting rich through human trafficking. we saw that last weekend in california. drugs like, oh, you know, 90% of the heroin in this country, fentanyl, pouring across the border, not helping our opioid crisis and now a massive humanitarian crisis is looming for all of us but the biden administration won't even admit there is a problem. as president trump put it in a new statement, "the spiraling tsunami at the border is overwhelming loc

he also says any bitcoin pay to tesla will not be converted back to a traditional fiat currency. the world's biggest automakers are suspending operations due to a persistent shortage of semi conductors. the problem was made worse over the weekend by a fire at a key chipmaking plant in japan. ford, toyota, volkswagen, and honda are among those affected. the chips are used to monitor and manage everything from engine performance to entertainment systems. modern cars simply cannot run without them. and that is your business flash update. a bloomberg analysis of official chinese data is showing that the country is well behind one of the two-year target set in its trade deal with the u.s. having purchased only about a third of the goods it said it would buy so far. this chart shows dramatically total purchases of u.s. agriculture manufactured and energy goods were around 120 billion dollars in the 14 months since the deal was signed in january 2020, but that is well short of the target of about $380 billion for 2020 22021, amanda. amanda: intensification of diplomatic spurs over coord

authoritarian regime, one where, let's say, they eliminate a coequal branch of government ruled by executive fiat. that does not look like the united states of america that i remember. this is joe biden's unity and so-called transparency, and meanwhile, on the other side of the border, cartels, they are loving it. they are making up to $14 million every single day. trafficking these migrants across the border. senator cruz actually encountered some of these human smugglers at the border. we'll show you that footage in a minute. our own sarah carter is down there investigating at this time whole time and we have a massive crisis and a massive cover-up on so many levels but the biden administration's point person on the border, v.p., maybe soon to be called president harris, is nowhere to be found. today, circle back, jen psaki -- she's mad according to reports about the ongoing renovations at the vice president's mansion in washington, d.c. while migrants are packed in covid-filled cages that she and joe are building along the southern border, kamala harris, she's very distraught that the renovati

less occurrence they fluctuate, the more relevant it is for everyday purchases and the connection to fiatrency, it will help that. the second is the currency in compliance with local regulations. does the government allow it as a medium of exchange, does it comply with aml, kyc sanctions and does it protect consumer data protect from fraud the way mastercard products do today if the answers to these questions is yes, we believe there is good. >> i think a lot of crypto investors are trying to read the tea leaves there thank you very much. >> thank you very much for having me. >>> still ahead, more on the big comeback rally in tech and momentum shares. check out tesla near the highs of the session best performer in the s&p 500 and march is women's history month. and we will spotlight some of our cnbc contributors. here is rbc's global head of commodity strategy on the women who inspire her. >> for me growing up, i was really inspired by these fearless female leaders who were the first women to lead their country. whether it be in india or in pakistan or in israel, these were the women who

this is very different than fiat systems like the u.s. dollar.s of stimulus money has been printed out of spending. i know everyone's excited to receive their stimulus checks, but i've got some news for you. free money is not free. it's being -- it's a hidden tax on anyone who currently holds u.s. dollar. it's a hidden tax. this is one of the biggest costs to corporate investors and corporate treasurers. and this is why we're seeing corporate and constitutional investors buying bitcoin. it's like what jerome powell stated yesterday, bitcoin is like digital gold. it's replacing gold. that is what's driving bitcoin today. neil: what i'm wondering about is his weighing in and him saying maybe some involvement on the federal reserve, treasure's also looking at this, whether to restrict this, whether it would, you know, bar this. it's a leap too far, i'm just wondering what to make of the government potentially looking to get involved here? >> what jerome powell was talking about yesterday is the federal project around additional dollar. we saw his co

everything is executive fiat now? no votes on anything?ver dead. it's not even the past. you know, the democrats have been doing this ever since they reneged on the [indiscernible] back in 1865. if and lying about it. if black people want to sue for reparations, they should be suing the democrat party because when you look at our history you will find that from 1800-1865, it was the democrat party that had the slaves. from 1865-1965, the democrat party had the jim crow laws. when you look at martin luther king jr. and the civil rights movement was protestant, everywhere they went they were protesting democrats. they weren't protesting anybody else. when king went up to chicago, a democrat consoled city, he said there was more hatred than he had ever seen in the south at all of the former confederate states were all democrat-controlled. the democrats are very good at taking their sins and casting them on all of america. we do not have a race problem in america, we have a democratic party problem in america. everywhere you look in america to

will happen and how am i going to hedge myself well, i'm going to take on just like i have with other fiat currencies and now i own bitcoin. normally i have a waiting up 5% and going past that, joe i'm worried that the coin that i own not be blood coin. i want to know where it came from i'll mine it myself and finance people that want to mine i'll pay for it. therefore, i know it's virgin coin on top of that, they have to be sustainable. zero carbon. i don't want to do it with somebody wasting electricity that's why i'll invest in the top of canada where it's already cold i'm worried about inflation. 3% waiting now it's going to get bigger i'm now a believer and taking a lot of abuse on social media because of that. when facts change, i change. >> nothing burger with a piece of garbage and now say because of regulation. this is not a bitcoin show so i want to get to mike santoli. rising rates slammed a number of stocks let's bring in mike santoli. he's searching for opportunities that come out of this bond market storm mike >> yeah, joe and particularly, one, the storm has kind of passed a

us italian carmaker fiat chrysler france's p.s.a. both managed to make a profit in 2020 despite falling sales across the board the 2 companies which merged to form the still group in january made around 2000000000 euros in profit each this after managing to keep prices steady during the pun demick. the european union is planning to extend pandemic aid for businesses for another 2 years the block's $27.00 governments have already poured billions into emergency health care tax relief and aid for faltering companies while economies are starting to pick up reliance on government aid remains strong. here in germany the government is expected to extend its current locked in to march 28th that's according to a widely circulated draft document which forms the basis for a meeting currently underway between chance to i'm going to the country state leaders business reopening a major discussion point retailers want a pop to full store openings especially in regions for case numbers are relatively low health officials fear new virus strains put s

i'm glad that he has ability by fiat to help fund these types of things and i wish it could have been sooner, but it will nice to be know how it will be allocated and what support will be given to providers to vaccinate the communities. a lot of it is going to go to, for example, underserved, rural, and minority companies, but how are we going to be able to convince them to get the vooet and how will we do the distribution effectively. i'm sure we have a plan for that, but it would be nice to know on the ground as medical health care workers how we're going to be able to tell our patients to get the vaccine. i know in the state of arizona, we recently opened up vaccinations to everybody who is an adult, basically, within 20 minutes, all the appointments were booked up. if you give vaccines and give money but people can't get an appointment, it makes it hard. those logistics would be very important. i would love to hear that. >> doesn't do anything good if there are a bunch of appointments available, like you said, to your point, you can't get one. but 2.5 million, 3 million folks a da

police in myanmar fiats protesters as neighboring countries hold talks with the military to find a way out of the crisis. is up to hold a climate summit a new coal mine object is threatening to undermine its credibility and in sports formula one world champion lewis hamilton reveals why he only signed a one year contract work in the city's general have the details since crossing. the palestinian health ministry has had to explain its vaccine distribution strategy following the delivery of 20000 sputniks doses human rights groups are demanding they reveal the criteria used to select who got jobs 1st well let's speak to. the director general of the palestinian independent commission for human rights and is live from ramallah thank you very much for being with us or so are these vaccines that are finally being distributed in palestine getting to the right people to the people who need them the most. well the 1st let me say that the authorities. who are next in aiding the population should be israel look at bipolar according to international they'll keep. on civility over supplying the axi

to live elsewhere, that this would be constant conflict and he thinks if this happens by political fiat all of a sudden rather than in the graduate he's recommending, that it would be a race war. he basically says whatever way people can get out of the south quick is, they're the ones ones whose lives are going to be saved. he really is scared about what two quick and action on the slavery question could bring. >> you mention in virginia after his presidency he didn't do much to try to change, during his presidency he didn't either. that at the time when he was working with virginia under the article of confederation he proposed different plans for eliminating slavery from virginia, right? >> yes. early in his career during the 1780s he has a pretty, pretty good record, politically speaking. personally he is still in slate that the people back monticello but politically speaking he has a decent record. he tried to put a really harsh -- in the declaration of independence picky try to come up -- >> it was interesting, i had never read that before. he put into the declaration of independen

. >> the digital versions of fiat currencies, but more crypto -- does that latter part need to fall orallure and value of using these mainly because they are outside the purview of monetary policy? >> the question is how you want to tackle that one. for the beginning, we will see more centralized approaches before we have an open market. central banks will play a major role, especially for stable coins, central bank digital currencies. but we see positive effects coming from the small public approach to cryptocurrencies. it's hard to see -- you see the space developing quite fast, so it is hard to see how the development is growing. >> i imagine part of what you are looking at, things like acquisitions -- i know you can't comment specifically on what targets you might have already, but what types of assets would fit your strategy? >> when you look at the development of the crypto market, you see a lot of these players starting a couple of years back are expanding into brokerage and the wider client aspect. and i think we will see how we can support our clients in the full approach of p

see how it can be articulated like gold for example, but it is very difficult to see it replacing fiat find it difficult to see how the authorities would never allow that to occur. not to talk about the negative externalities that eventuate from a mining bitcoin as well. for me, it probably highlights in a low interest rate world, where real yields are negative, speculation builds in a number of targeted assets. bitcoin is one area of the world where you are seeing that play out. i have no issue at all with the technology, blockchain, but the rise of the retail investor for example, other parts of the market that look extended in terms of valuations, rising leverage, i think it is certainly something central banks will have a close eye on. shery: great to have you with us, joining us with fidelity. don't mess and it's elusive interview on the outlook for filipino stocks. we speak with the ceo of the exchange in the next hour. let's get to vonnie quinn. >> australia is offsetting demand from china by targeting saudi arabia. for the first time in five years, australian exporters have bro

so, there is a real fear of debasing of fiat currencies.tcoin, i don't think it's a currency, i think it's a commodity but it's a commodity that is easily storable, it's easily transferable, the irs classifies it as a physical asset. it has a finite amount of supply and that supply halves every four years. so i think it's interesting and i think, by the way, when you look at gold price action in the context of a fairly robust inflationary debate, it's struggling to gain traction. i think that's because bitcoin is taking some of its -- away. >> do you own any bitcoin? >> [laughter] >> that is what i would call a mysterious response. >> i would say, the one thing also when you think about bitcoin is central bank digital currencies are going to be here i think quicker than people expect. china has been running the trial for a while now. i think there is some strategic reasons why they are going to be a first mover. and i do think from a geopolitical perspective, they want to use that digital currency to -- they want that to be used around the

s one year of functionally doing an administrative fiat, net neutrality. if that line had continued, how many of you were educating your kids on zoom? how many of you were holding meetings on the internet? how many of you had to work if home? how many of us in this body were doing committee hearings over the internet? yet the internet in the united states in 2017, 2018, 2019 actually got dramatically more robust, damatically faster. many communities, particularly on the east coast, oddly enough, there's communities that doubled their speed. the robustness of the pipe. it happened because with a massive investment, because thank heaven, the crazy policy of what was net neutrality was taken away. with eneed to be honest. sometimes being throg walk up and admit, hey -- being willing to walk up and admit, hey, that was a really stupid idea. one reason this country was able to have its disruption and transfer to basically a knowledge-based, web-based, internet-based economy was because the crazy policies that net neutrality were driving in to being able to have

you are just buying it to sell it for more fiat currency in the future. stable, it is pointless but yes, it will get more mainstream backing and that probably means more volatility skewed the upside. we saw a good price action recently. it has been resilient to the tech suffering and that is a positive sign. it is slightly softer in the last few hours. i'm not sure we want to read too much into that given the backdrop of at -- volatility in this asset. anna: if it becomes stable, it is pointless. other people have said if it doesn't become stable, it won't be taken seriously as a store of value, but i see what you are saying. you can get analysis from mliv on your bloomberg. as more big names added the spac parade, we speak to the ceo of broad stone acquisition corps about why london has been losing out on the spac mania and what does he think of the proposed changes in london on that front. later, a year on from lockdowns beginning around the world, bank of america ceo brian moynihan joins our coverage of the anniversary of the shutdown. don't miss

he goes on to say that bitcoin retained to tesla will be kept as bitcoin not converted into fiat currencyng. it's signaling that tesla is the up to date car maker if you happen to have massive paper gain, so to speak, in bitcoin, and wanted to swap it in a tax inefficient way for a vehicle like a tesla, i guess this is kind of interesting. i can't imagine it is going to actually, you know, include that many people for a company that's supposed to be selling a million cars this year to me what's interesting about it is the performance of tesla shares already you know kind of more than 25% off of their highs on monday, we got that big audacious new tries target from kathy wood and arc of $3,000 a share. the stock was up less than 3%, nasdaq up less than 2% lost half that gain on tuesday today we are down on this supposedly flashy announce me on bitcoin. tesla has gotten up off the mat and made bears look stupid many times. you can't take it as a signal that this company has no more bids for the stock at these levels but i think it is telling that this stock is performing the way it is given

£200,000 on the refurbishment of your downing street— on the refurbishment of your downing street fiat? _ conservative party or private donors? and with the vaccination programme being significantly accelerated since you prepared your road to— accelerated since you prepared your road to releasing the lockdown measures, won't you consider speeding _ measures, won't you consider speeding up the release of lockdown measures? thank you very much, mas? — thank you very much, robert. ms? — thank you very much, robert. on your first point, all i can say is all such enquiries will be answered with the normal declarations in the normal way. on your second question about accelerating the timetable and the road map, people have asked us to do this many times. of course, i understand the urgency that people feel, but we have to be driven by the data. we have to look at the rates of infection for stop don't forget, they are still very high by the standards of last year. we still have thousands of people in hospital with covid and we have seen, alas, in other european countries, that the curve is go

he also adds that bitcoin will not be converted into any other fiat currencies.r on this year. so i check the tesla support page this morning. they are only accepting bitcoin. no other crypto currencies like dogecoin or ethereum. tesla cars ramming from 37 to $140,000 after taxes. you can do the calculations in your head. who pays the capital-gains taxes on bitcoin? stuart: did we have a story about the very big cost of every transaction that you do using bitcoin. i mean, five or six bucks to buy just very small item? susan: that's right. it go up percentage terms as well. those are high transaction costs. does tesla or elon musk pick up the tab or do i have to pay that using tesla? stuart: i don't know. susan: what about capital gains, if i use bitcoins to buy a tesla, if my appreciation on the bitcoins goes up to pay the tax, do i have to pay that as well? stuart: it should be reported to whom i don't know. it should be reported. it is a capital gains and you pay capital-gains tax. susan: my tesla doesn't cost 37,000. it costs me more than that. stuart: yeah, r

whereas ethereum and bitcoin are not backed by any fiat currencies.r own? visa has their own sort of coin? susan: it depends how it is executed. but for now, that is what goes through their network. stuart: what roll does about it coin play? susan: it doesn't. stuart: it doesn't play any role. susan: transaction and thinking if visa allows their coin for now, that bitcoin maybe around the corner and other cryptocurrencies. you see the surge in adoption, usage and other companies allowed customers to buy, sell, trade and hold. stuart: 58,000 bucks per coin as we speak. susan, thank you very much indeed. >>> liberal comedian bill maher sounding the alarm about the drastic change in our school system. watch this. >> used to be the school would be afraid of what the parent thought. now the parent is afraid of going against what they are teaching in school. even when they don't agree with it. stuart: well, some applause from the audience there. the woke mob has something to go do with that story. we'll cover it for you in a moment. nike, distancing itself

we know that jeep is owned by fiat chrysler which recently merged with france's peugeot.f the jeep sales in the u.s. this is brand for 40 years, five decades. washington redskins no longer. cleveland indians no longer. maybe no more jeep cherokees in the future. stuart: i would like to say jim jordan is going after the cancel culture. jim is on the show later on today. >>> also still ahead, barstool sports guy dave portnoy. he has helped launch a new etf. he will tell us about it in a couple minutes. >>> first new york governor's cuomo apologizing. he has been hit with sexual harrassment algations. no apology for the nursing home scandal. janice dean who lost both her in-laws in a nursing home in new york. she is on that and she is next. ♪. hooh. that spin class was brutal. well you can try using the buick's massaging seat. oohh yeah, that's nice. can i use apple carplay to put some music on? sure, it's wireless. pick something we all like. ok. hold on. what's your buick's wi-fi password? buickenvision2021. oh, you should pick something stronger. that's really predictable

i've stated time and again how disastrous president biden's policy of governing by executive fiat has been. 34 executive orders in his first 50 days, 34. also, he has suspended construction of the border wall jeopardizing our national security. he's embraced daca. he halted most detore taitions. -- deportations. he cut domestic immigration arrests by 60% and dismantled the migrant protection prot protocols. this administration through our existing immigration law out the window -- threw our existing immigration law out the window and when it comes to illegal entry, not only will we look the other way, this administration is encouraging them to come. even their cabinet nominees are playing by these new rules of encouraging individuals to break our laws. come to the country illegally. they're encouraging this. last week this chamber voted to discharge xavier becerra's nomination from committee. i voted no. he's one of the most flagrant offenders out there when it comes to sending these signals. he has openly admitted he would like to decriminalize illegal entry and offer medicaid to any

computer to verify transactions and also said bitcoin paid to tesla will be paid, and not converted to fiathe market to tesla, sort of gimmick, how would you frame this >> yeah, well, it's not a surprise, mike you know last month, tesla announced they're investing $125 billion into bitcoin it's just a natural progression they would accept in the u.s. and internationally later this year you know what i think is even more interesting not so much from the tesla angle but you have other real companies, and it la's a real company, but you have other real companies embracing bitcoin as well. mastercard and bny mellon, the oldest bank in america it's here. it's here to stay. i'm not invested in bitcoin. it's very volatile i understand it and it's interesting to watch the real companies out there embracing this whole technology. and i think it's something really that's very fascinating >> stephanie, just go be back to gamestop for a second. you said it's going to take time and you understand, i guess, sort of the possible bold case i just wonder whether it's likely to play out because they minute o

we cannot be issuing fiat.s, eating in a restaurant, disagreeable thought. got to get rid of all of this stuff, vivek. always love talking to you very, very smart. appreciate your time. 12 states attorney generals are accusing president biden of overstepping authority with his climate change executive order. missouri is leading the way with a lawsuit their attorney general evis next. ♪ hey customize my car insurance so i only pay for what i need. 'cause i do things a little differently. hey, i'll take one, please! wait, this isn't a hot-dog stand? no, can't you see the sign? wet. teddy. bears. get ya' wet teddy bears! one-hundred percent wet, guaranteed! or the next one is on me! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 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 i

fiat chrysler recalling ram trucks due to a fire hazard, the car maker saying some 2021 pickup trucksd models including the ram 2500, the 3500, the 4500 and the 5500. finally, this. disney not quite ready to bet that audiences are going to return to theaters this summer. they're testing the waters, announcing the highly anticipated superhero film black widow will debut simultaneously in theaters and on disney plus on july 9th. emma stone's cruella will be available on disney plus and in theaters on may 28th. so a test here from the house of mouse. those are your headlines. back to you. maria: cheryl, thank you so much. the digital auction block, acv is an online platform that allows used car dealers to sell vehicles to one another online. today it's going public on the nasdaq. joining me now is the ceo of acv, george shamoon. great to have you today. congratulations to you. thanks very much for being here. tell us about your business and where the growth story is. >> yes, certainly. thank you. the used car sector is massive. acv auctions is a marketplace for dealers to buy used vehicl