ftx is one of the leading cryptocurrency companies in the world. >> now, the ftx logo will be displayedress banners and social media. the first cryptocurrency partnership in college football. >> we are proud of that, that we are the first. but, as you said, they also have partnerships with the miami heat, major league baseball. >> here on home turf, loyal cal fans set it was ok by them. >> as long as they are not renaming the entire stadium, i am good with that. >> at the old -- at the ftx thex field, cal memorial stadium. >> this is fascinating on a number of levels. i guess if it is good enough for tom brady, it is good for me and cal and everybody else. we looked up ftx because some of us like to dabble in crypto. they are not licensed to be an exchange in the united states. it is really interesting. i guess this would be an indication that they are going to try to start doing business in the united states. but especially for schools that need money, you will take bitcoin, you will take ethereum, ripple, whatever. >> i defer to drew and his generation on understanding how cryptocurre

the payout comes from a sponsorship and naming agreement with ftx, a crypto currency exchange.starting this season, the home of the football team will be known as ftx field at california memorial stadium. cal says the 10 year deal is the first in collegiate history to be paid for by 100% crypto currency. >>> how about that? all right. >> changing times. >> that's the same one that baseball umpires are wearing as an advertisement. i had to look it up because i didn't know what ftx was. >> strange. >> crypto currency. >> obviously crypto currency could use a little bit of a boost. >>> as we head through the rest of this week we are going to see an inland heat wave taking over late this week and as the winds turned more to the northwest it has potential to direct more wildfire smoke at least closer to the bay area by thursday, friday, and saturday, and temperatures inland are going to be substantially warmer by then. in the short term it's good news. there is still some smoke hanging out in the upper levels of the atmosphere, so this map tracks all the smoke, not just surface leve

ftx field. ftx field. uc berkley signed a deal for the naming rights. it's a cryptocurrency exchange. tom brady has an equ >>> before we go, a update from outer space. perseverance tweeted pictures after it made it to the top of a ridge called citadel. pretty cool to see. the rover's twitter page said nearby are lots of good rocks to choose from for my next attempt at sampling mars. pretty cool to see. that's going to do it for us. have a great day tomorrow. thanks for joining us tonight. >>> tonight, the pfizer vaccine the first to get full approval from the fda. will it be a milestone in the effort to get more americans vaccinated this as infections from the delta variant soar with icus packed. president biden's message to the unvaccinated tonight the move already leading to more vaccine mandates plus my interview with pfizer's ceo >> is this going to be a game-changer do you expect to see more people coming off the fence and getting these vaccines >>> escape from afghanistan. chaotic scenes as many americans and our afghan allies still struggle to re

ftx field. ftx field. uc berkley signed a deal for the naming rights.yptocurrency exchange. tom brady has an equity stake in the company. we're back in a moment. emergency planning for kids. we can't predict when an emergency will happen. so that's why it's important to make a plan with your parents. here are a few tips to stay safe. know how to get in touch with your family. write down phone numbers for your parents, siblings and neighbors. pick a place to meet your family if you are not together and can't go home. remind your parents to pack an emergency supply kit. making a plan might feel like homework, but it will help you and your family stay safe during an emergency. >>> before we go, a update from outer space. perseverance tweeted pictures after it made it to the top of a ridge called citadel. pretty cool to see. the rover's twitter page said nearby are lots of good rocks to choose from for my next attempt at sampling mars. pretty cool to see. that's going to do it for us. have a great day tomorrow. thanks for joining us tonight. [ cheers and ap

tom brady has an equity stake in ftx. >>> a new survey finds more americans are ready to change jobs.e than half of all workers are ready to search for a new job in the next 12 months. 56% say work flexibility including hours and remote work is most important. paid time off and a more inclusive work culture round out the top five reasons people are looking to switch jobs. >>> avoid cruises especially if are you vulnerable. that is the word from the cdc, that people who are at risk for severe illness from covid-19 should not go on a cruise, regardless of their vaccination status. that's because the chance of getting covid on a cruiseship is high and outbreaks are more common. that means people with underlying medical conditions, pregnant women or the elderly. >>> as you know, the delta variant is surging, and so is covid testing. we've been doing this again now. >> chris chmura shows us how to get a test now and who's paying for it. >> each day, 1.3 million people are getting a covid-19 test, and that is back up where we were in may. luckily, getting a test is easier now than it was du

the ten-year agreement comes at a $17.5 million price tag and it marks the latest sponsorship move by ftxg rights of the miami heat's arena for a reported $135 million in june. ftx everywhere. >>> and fall fanatics rejoice, starbucks fall menu returns today, in august, and it always includes the popular pumpkin spice latte. so while the temperatures may be approaching 90 degrees in the new york city area today, the company is also rolling out its pumpkin cream cold brew to actually help cool customers off. if it's so popular, brian, i don't know why they don't offer it all the time. i mean, really, if pumpkin is your thing, wouldn't you be willing to drink it, i don't know, around easter? >> yeah, but then we wouldn't talk about it. bring it back and do a story on it -- first off, it's not 90 degrees, contessa, it's like 140 kegs with 100% humidity in new jersey and, by the way, i'm just not down with the gourd. i don't like any gourds, pumpkins, whatever gourds there are. no thanks. are you gourd-ish. >> we should probably end this -- we're going to head towards vegetables or something n

we will speak exclusively with a cryptocurrency billionaire the ceo of trading platform ftx. >>> andan underperform, jeffreys upgrades the company stock to a buy why he is holding out on stla. that's next. ghbahetrt"ilbeee wl rit ck esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. it's taken a lot to get to th

starting september 4 for the first home game that will be called ftx field., it will continue to be called california memorial stadium. the cryptocurrency giant is paying 17.5 million dollars in cryptocurrency for the naming rights. >> the money will come straight to our athletic department. we will use it to fund student athletes. ftx is one of the leading cryptocurrency companies in the world. >> their ceo is a walk on member of the cal golden bears team during the underground years. now the local will be displayed on the 20 and 30 yard line on the field and on press banners and social media and the 10 year deal. the first cryptocurrency partnership in college football. >> we are on the leading edge of technology and uc berkeley. the miami heat major league baseball and tom brady to name a few. >> a pledge support to the cal veterans group and programs helping the homeless. here on home turf, loyal cal fan said, it was ok by them. >> as long as they don't rename the entire stadium, i'm good. as long as it's still california memorial stadium, it's all good.

i hesitate to use the world built on acquisition what should we infer from this about the future of ftxthere other kinds of cryptocurrency-related businesses that you would be in the market to buy to round out your portfolio of offerings? >> so ftx.us, one of the great things about it is as an exchange it wasn't built specifically just for crypto you know, we're a full stack platform we offer a matching engine, an iphone and android app to trade, we're a risk and margining system it was built with the understanding that we would like to be the exchange for everything not just for spot cryptocurrencies but in the near future cryptocurrency options and futures. perhaps we'd like to get into other asset classes more traditionally available to investors. so vanilla stocks and vanilla options in the u.s. is an option for us so we're looking in general to find cases where we can use technology and our platform and our expertise and our culture of compliance to build a really, truly excellent product for the population, both for retail and for institutions. >> a personal question if i may. >>

cal announcing a new stadium sponsorship when the bears kick off two saturdays from now it will be at ftx field after inking a ten-year $17.5 million naming rights deal. ftx.u.s. is a cryptocurrency exchange. the deal will not be paid in u.s. dollars but you guessed it, cryptocurrency. >> there you go. >>> need we remind you pumpkin spice kicks off today. >> kari hall, this one is for you. >> pumpkin spice lovers you know who you are. pumpkin spice lattes, the most popular drinks and today it is back. cold brew returns for a third year or the pumpkin cream cheese muffin and pumpkin scone. out of control over there. you can get the pumpkin loaf any time of the year. >> a reminder it's august. >>> one bay area family band will perform in front of millions and you're needed to make sure the music keeps playing. ♪♪ that is the family that consists of know la curtis, a husband and wife team and their five kids all study at the san francisco community music center. they're trying to make it past the quarterfinals on america's got talent and win the $1 million grand prize. you can catch them her

through the tea leaves and see what they're focused on, and clearly, you know, stocks like freeport, ftxeen dead to the up side. the reason it's pretty clear, this is not just a one-time spend. that's going to be spent over a decade if you think the fed's hand under the market, dom, is supportive, you've got to think that a 10-year spend on in infrastructure is likewise going to be a pretty strong hand to keep any down side at bay. >> all right so you've given us a lot of those takes. can we broaden out here a little bit, jon we have the monetary stimulus you talked about, the fiscal stimulus you talked about. we have a market at or near record highs should investors feel comfortable about being long in this market? >> i think so, dom we know that the fed's going to be as accommodative as they can be and we know that congress is going to continue to push a lot of money across the table. so companies have been throwing earnings at a dizzying pace. i think that's going to slow down the growth, of course, but i don't think that we're going to see either congress or the fed pull back any of

within the cryptocurrency space those include companies like analysis, which is a block chain data and ftxis one of the largest exchanges globally and companies like falcon x which is trying to build the prime broker equivalent of the goldman sachs and jp morgan within the crypto space. we're excited about all of the trends that are going on here. think if you look over the last year, the level of institutional adoption is as real as ever and that includes everything from the card networks like visa and mastercard, the custodial firms lick fidelity and msci and even community banks. fis, jack henry, those folks that partnered with nydig. so small community banks and also offering crypto to their customers. so we're bullish about the next deck said ahead. we think the secular trends are very real and we're excited to be a part of that. >> i was to bring in hugh because he's covered banks for as long as i could remember. we go way back covering banks and finance back in the day. but i think back to a headline, think it was one of your dotcom stories this year when you quoted jamie dimon sayi

that's disrupting the money center banks you look at the last few weeks a billion dollars in ftx, rift private. 900 million into circle bringing out the stable count, usdc you ask yourself if so much capital is going there, where is the puck going. >> i think it's away from money center banks i've said that a long time i haven't been right on the stocks i still only plenty of financial services companies i feel okay. but there is a change afoot. there is a lot of money into other areas around crypto that are starting to get interesting for institutions >> i don't know whose phone that is maybe that's yours kevin, lunch is being delivered as we speak diegas wright are you thinking of this as a jump off point where the banks perform on a consistent basis -- not fits and starts but consistent basis, is it time to put money into big banks? >> yeah, scott, it is, because -- and let me lay this out first. looking at the 10-year treasury at 1.3, which is a risk-on signal, plus we have a great jobs number that says that we're going to have positive economic growth more than expected. we got 90

i entered in a relationship with ftx. solve compliance that's how i'm doing it. i have no problem with coinbase. i have a coinbase account. fees matter to me. i invest chunks of capital and i want to pay the lowest fee with the most liquidity and above all compliance, compliance, compliance i think there's lots of players. the institutional interest is massive. there's trillion dollars amount of interest in bitcoin i'm going to work with everybody on the street to do that but wow my compliance department squeezes my head in a vice every day on this. institutional clients are looking for these very large platforms that can integrate with their compliance departments and i think we're just getting there there's two or three private companies doing it what an opportunity i see ahead for crypto by the way, you know, just on usdc, i own a lot of that. >> did you know? >> i'm well aware. there's no question it's a moving landscape however you have to realize something. a money market as scott mentioned or whoever was saying tha