irwin simon is the ceo of tilray. thank you.t it is worth, these ongoing bull markets have drawn more and more investors into passive funds, etf's. what makes them so interesting is that some of the biggest money managers in the world -- if you cannot beat them, join them. they are offering etf's. it is amazing to see the actual numbers behind it. kailey: it is crazy. only seven months into 2021. we look to set the record amount of money coming into etf's. i wonder how much has to do with the star power of kathy would and the impact she has had on the -- wood and the impact she has had on the industry. coming up, we will hear from the apollo cofounder and newly minted ceo mark rowen. his vision for the investment powerhouse, next. this is bloomberg. ♪ kailey: this is bloomberg markets. i'm kailey leinz. with amanda lang. i want to check on the market action because we are around session lows. the nasdaq 100 off more than 1% at this point heading for its workstations -- worst day since june 3. the bond market also around session

very timely, wilfred frost, thank you into still to come, irwin simon jones us with the details on the integrate between the company's marijuana and beer division down 15% in the past month, but still seeing strong gains for the year. >>> shares of boeing weighing on the dow today. we'll talk about the latest headache, and an analyst who upgraded the stock today we'll be right back. young woman whispering: condoms father: condoms charlie. she wants to know if you brought any condoms. young man: yeah i brought some. ancr: eargo a vitually invisible hearing loss solution with high quality sound and lifetime support. eargo 5 is here. our latest device that allows you to personalize your hearing experience. get yours today. and if you're and active or retired federal employee you may qualify to get eargo at no cost to you. - [narrator] dearest noodle houses and hot pot hotshots, thank you for the stir fry that gets us all stirred up. whatever you can serve, we'll proudly deliver. (lively music) >>> 32 minutes left. shares of nokia are moving higher after the company said it's plan to go ra

in the stock, frank >>> shares of tilray up 24% after strong earnings and that commentary from irwin simon company or m&a with the u.s. cannabis producer focused on potential cannabis legalization at the federal level. >> going after the consumer area today, consumer products that couldverted and having msos that have retail stores that will allow us to sell adult use products or medical products is a second tier >> in its first earnings after the tilray merger, 27 cents per share compared to estimates of an 11 cent loss. those missed estimates, the company's price fell 24% and tilray took a charge caused by the covid shutdown of retail stores in canada that forced customers to shop online, and he believes, led newer customers to shop by price. >> your grandmother is not -- i don't know if she's going online and ordering and, secondly, there's no one to help her through what she's buying in regards to potency, why she's buying it is for sleep, for anxiety, for pain and why she's buying it. she walks into a store, there's someone educating her about the product and telling her the attribute

democrats unveiling a draft bill today to end the federal ban on marijuana on yesterday's show, irwin simonxt 24 months >> i think something happens in the next 24 months and there's a lot in regards to what could happen in congress, what could happen in the house, what could happen in the next lelection i come back and say voters are saying we want some type of legalization 93% of americans say we want legalization of cannabis >> let's get to ylan moye in washington with the latest what is in this proposal >> reporter: top senate democrats legalizing cannabis at the federal level clearing the industry to have full access to the banking and financial systems. the bill would remove cannabis from the controlled substances act and also establish a minimum age of 21 to buy marijuana the catch though is that democrats want to impose an excise tax, 10% in year one climbing up to 25% by year five. after that calculated based on weight and concentration and equal to 25% of market value >> i will lay myself down to stop an easy banking bill that's going to allow all the corporations to make more mon