jack dorsey speaking at the event today.said he thinks that bitcoin is good for renewables and is good for the environment he also appeared to kind of take aim at elon when he said that he thought there was a consensus among notable figures in the space on that topic. definitely coming up also in conversations, i ask people do they think the step back has lasting power and they think it's a blip. >> how much talk shifts to jack dorsey who has been very much a proponent of bit coin and decentralized finance, has power communication through twitter and is certainly big in fintech through square this hardware wallet, possibly getting a lot of buzz, right >> yeah, absolutely. this isn't fnew. it's a continuation of things he said for years >> that hardware wallet would be interesting. security of bitcoin. one of those things is at lof people concerned about thank you. >> thank you >>> coming up, tik tok's new data collection. facebook will no longer protection politicians all that in today's rapid fire >>> first, it is friday th

but back in february when jack dorsey talked about this idea of having a super follower system, theythe price point maybe being $5 per month the question is what is the addressable market how many people are going to want to pay twitter. once people get used to giving their credit card to twitter, what are the different things they might do on that platform can twitter generate meaningful revenue from, say, commerce another thing dorsey said he's interested in. >> that credit card on file is a big deal apple certainly has shown us over the years speaking of, one of the things we might hear apple talk about today is tvos. tv used to be a big deal in the over the top landscape i would argue 5, 10 years ago, everybody in entertainment had to pay attention to the latest thing there. now it seems to me other platforms, roku, certainly the direct platforms from the streamers, of course netflix and disney plus now, they've taken some of the thunder away from apple. does anybody care about tvos >> look, here's what i would say. you're right in that i believe this access to the tv, apple was

the other thing, joumanna, that stood out from the conference, the comments from jack dorsey.ow he was a headline speaker there. he had some incredibly bullish words about bitcoin. the reason they stand out so much is because of the role social media has played in pop pop popularizing bitcoin if you have the support of jack dorsey behind you, it has to be a tailwind whatever i can do and may companies can do to make it more accessible to everyone he is throwing the full weight behind it. that puts pressure on regulators if they want to take more measures to regulate the market. >> a good point. at the end of the day, it sounds incestous. the ceo of twitter is jack dorsey whatever we can do to help grow the community and also simultaneously invest in bitcoin does sound suspect it is something for regulators you know, at the end of the day, this does, again, underline how much enthusiasm there is in the product. it doesn't stop the other forces at bay we were talking about increasing crackdowns from chinese regulators on the miners and institutions that are facilitates bitcoin p

and curious how it started after jack dorsey posted the event online.an do something about bitcoin's price, the last one in miami a couple weeks ago didn't do much. >> some but he will be able to boost the price, the most -- stuart: maybe they need fewer headlines from tweeting celebrities. maybe that would help. >> you think so? that has driven the price up. stuart: wall street on board as opposed to celebrity headline writers they would do better. >> that have a lot of wall street on board like the drunken builders of the world etc.. stuart: they need more of it. thank you. now this. president biden will meet with the president of afghanistan. general jack keane is with us. i saw a headline in the wall street journal, disaster looms in afghanistan because of our withdrawal. what do you say? >> i agree with the accuracy of that statement by the wall street journal. president biden's decision to pull us troops out which motivated nato to pull there is out, nato, europeans did not want to pull out, they wanted to keep a modest force their which was the o

caller: like jack dorsey who purposely hid it. guest: i am asking [cross chat] caller: why was he hiding hunter biden's laptop? guest: i am asking for your sources. caller: c-span. i watch a lot of c-span. c-span had coverage of january 6 that showed the people fighting with the cops were fighting with the cops before donald trump finished his speech. c-span had footage of capitol police leading people through the building like they are on a tour. use our trump supporters walking through the building inside the lines. inside the little ropes. guest: there was no violence by trump supporters at the capital that day? caller: can you tell me who was a trump supporter and who is not? maybe it was antifa? they fought with police all summer long, they tried to burn down federal buildings all summer. host: we will leave it there. guest: sorry about my voice this money, do not know why i have a frog in my throat. the caller is an illustration of what i was describing, people are in their information silos. they are sure that they have inf

so a tweet from elon musk on twitter founded by jack dorsey, who is now the obvious kind of huge piedis just influencers locking horns a little bit or the at least just testing their relative influence i think that i would step back from it and say, look, bitcoin cracked hard it was cut in half this chart needs time to rehabilitate it's not surprising it's going to be choppy and very subject to a lot of these emotional moves in the short term. what's fascinating is there was a story about all this gathering down in miami. bullish and bearish cases about it one is it will stoke a lot of excitement the other is the whales will be down there and they're not actually going to be buying more so it's a fascinating psychological experiment >> mackenzie, any animosity toward elon musk >> yes he's very present even though he's not physically here two of the main stage events, michael saylor, an early mover when it came to adding bitcoin to a company's balance sheet when they moved into that space last year, both he and jack dorsey seem to refer to elon musk's comments a few weeks ago where elo

ob >>> jack dorsey making some news on bitcoin a few moments ago, sending shares of square higher.ng making a hardware wallet for bitcoin. if we do it, we would build it entirely in the open from software to hardware design and in collaboration with the community. in a later tweet he writes, we don't want more passwords on post its he is tweeting from miami where he is set to speak at bitcoin 2021 cnbc's.com's linmackenzie sigal joins us live. can you tell us what the vibe is there? >> reporter: thanks, carl. 50,000 people are expected to head to the city of miami for what is being build at the biggest bitcoin event in history. they capped out at 12,000 attendees that are here and the others that are here are for the side events happening. there are a ton. i flew in yesterday afternoon and i spent eight hours traversing miami going from event to event there are events dedicated to bit cloud. it has been quite an experience. >> mackenzie, i can't imagine home business cards, virtual cards that you are collecting at this conference. you know, we have been talking about elon musk this

yesterday we had sean carter with jack dorsey on a twitter space. i like it here. >> see you tomorrow. "mad money" with jim cramer starts right now xxxx >>> i am here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica i am just trying to make money my job entertain, education, teach, context, call me 1-800-743-cnbc or tweet me @jimcramer what's the best way to invest in the stock market one way is t

elon musk negativity and at the bitcoin conference jack dorsey saying nothing is like bitcoin and hisompany may double down on bitcoin with a wallet. fascinating to watch that. for what it's worth, you went to one of the key stories for business. a potential agreement by the g7, the finance ministers on a minimum corporate tax. at least 15% is what is being negotiated. as they need today and tomorrow we expect to see some kind of statement release. this could capture big tech as well, which might be one of the driving forces getting a tax on digital corporations in other countries. it will be a big step in a first step in the world. matt: it will be interesting to see what they mean by this. a flora 15%. yesterday, we had the biden administration saying it could give up 28% it was aiming for and go for a flora 15% -- floor of 15%. a lot of companies that 20% would still end up paying less than zero with all the deductions they take, the loopholes they managed to wrangle out of congress, the debt financing they can write off. if there is a floor they cannot go below, a lot of the bigge

viral moments like disaster girm or charlie bit my paper, trading cards even jack dorsey's first tweetousands of dollars, even millions, everyone seems to be attacking about it, no one seems to know what it is. >> even the world's biggest auction house is getting in on it christie's breaking the largest sell for work that went for $69 million. >>what the heck season nft. >> great question. it's essentially just a really unique line of code. it's an indeadible and immutable creative moment in time. that you own and only you can own it. >> in essence the nft serves a digital certificate for authenticity of something online, that makes it one-of-a-kind. >> explain the idea, because in theory i could take a screen shot of your image and share it. >> you definitely could but the thing is you don't have the exact token. so it's about owning the token. >> why should i value the token. >> i don't know, why do you value anything. >> artists like victor are able to receive royalties in perpetuity uity, earning a cut each time a piece is resold. now christie's is hosting victor as the youngest ar

headliners include jack dorsey, tony hawk and the mayor of miami who has pushed for the city to become a hub. >>> special ceremonies were held to mark memorial day. police joined veterans in antioch. they gathered at the antioch veteran's memorial. >>> many bay area residents spent the holiday at the beach. at stinson beach. 10,000, nearly covered the area completely. >>> let's get a check of the weather the it's 4:47 with mary and cooler temperatures. >> little too hot for you. we will cool it down across the bay area. in fact some spots inland did reach the triple digits yesterday. now we are looking at the daytime highs inland. improvement here for today. we are continuing to cool it down as we look to tomorrow. here is a live look with our roof camera of the plan. very cool to see that. the temperatures mild. in the 50's and 60's as we start off the day. 59 in concord. 56 in oakland. 53 downtown. 60 in san jose. >>> checking the visibility. watch that marine stratus push in and that's indicating the cooler temperatures. we are looking at about a half mile at half moon bayh long the

and rank application of values, when jack dorsey of twitter said he wanted to give users more control, when zuckerberg says he doesn't want to be an arbiter of truth, that facebook has to stand up for the marketplace of ideas, as was talked about in his october 2019 georgetown speech, when they want to stand up for free expression, that to me was very compelling. it was what drove me to silicon valley in the first place. but then, to see that abrogated, to see them turn their backs on that ethos was devastating. and it redounds to the disadvantage of conservatives in particular. peter: to help us explore some of the issues you look at at heritage is emily birnbaum, a long time tech reporter, now with "politico." emily: thanks for having me. kara, i am curious about your evolution. you are now a critic of facebook and other platforms. did you see anything at facebook that led to this evolution and give you concerns? or is it like you said, these questions around content in elections, during the most recent presidential cycle? kara: thanks, emily. i would have to say the latter. when i

the really rank values when jack dorsey of twitter says he wants to give users more control, when zuckerberg explicitly says he doesn't want to be an arbiter of truth, that face facebook o stand up for the marketplace of ideas as was talked about in october of his 2019 georgetown speech, when you want to stand up for free expression that to me it was very compelling. it's what drove me to silicon valley in the first place but then to see that abrogated, to see them turn their backs on that ethos i think it's devastating and i think it really redounds to the disappearance of conservatives in particular. >> host: to help us explore some of those issues that you look at at heritage is emily birnbaum who is a longtime tech reporter now with "politico." >> thanks so much for having me. i actually was curious about this question of your evolution. you were at facebook. now you are pretty vocal critic of facebook any of the major tech platforms. did you see anything at facebook that led to this evolution and gave you some concern at the time, or is it like you said moore, these questions run conten

jack dorsey and floyd mayweather among the 50,000 descending on miami and that's where susan li is withiness, susan. reporter: yeah, yeah, and we're kicking it into high gear here as you can see there are thousands of people right now packed into miami to talk about bitcoin and cryptocurrency and that includes our next guest. you might recognize him, adrian granier, with impact investing especially using cryptocurrency, so people want to ask you, how did you get into crypto and why did you get into it? >> well crypto is the future, you know, and i really want to put a lot ofy energy and my life behind creating new systems for a better world, for people and the planet. reporter: so how did you get into it because i would tell you that a lot of our audience would say i don't understand cryptocurrency, i don't understand bitcoin. how did you get to understand it >> i don't entirely understand it either. i think you'd be lying if you said you did. really, the way i look at it is not just an investment to make money. this is really an alternative store of value. this is a way we exchange val

i think really the obligation of those values when jack dorsey of twitter says that he wants to be give users more control and when zuckerberg explicitly says that he doesn't want to be an arbiter of truth and that facebook has to stand up for the market place of ideas as was talked about in october of 2019 georgetown speech and when they want to stand up for free expression that, to me, was very compelling and it was what drove me to silicon valley in the first place but then to see that actually abrogated and to see them turn their backs on them that he throws i think is devastating and it really redounds to the disadvantage of conservatives in particular. >> host: to help us explore some of those issues that you look at at heritage is emily birnbaum, longtime tech reporter not with politico. >> hello. thank you so much for having me. kara, i actually was curious about this question of your evolution. you know, you were asking in europe pretty pretty vocal critic of the major tech perform so did you see anything when you were at facebook that led to this evolution and gave you some co

then jack dorsey decided to change all that with square's point of sale system it's the little thing that turns any phone or credit card into a terminal they're making loans backed by receipts i remember when i first heard of this lending business by the current ceo of nextdoor, the public spokesperson for it i told her i couldn't think of a worst business than being a money lender to a small business what a way to lose a fortune she told me they are backed by banks because they know how much their companies are making by looking at the receipts. rather than taking "mad money" off their to-do list, they put small businesses on their list what else? small businesses, especially the tiny ones run out of the kitchen or the den, didn't have any luck in small businesses. mean meanwhile, new entrepreneurs can have a website that looks just as good as the big dogs. our rent is about $10 a month, which the stock is actually quite a disappointment in this crowd. it's up only 8%. five years, 8% the s&p is up a little more than 100% now, there are times that big companies do a tremendous amount

silicone valley and the ceo of twitter jack dorsey is promoting it as the way of the future.you know what a block chain is? what are the differences between bit coin and a bunch of other crypto-currencies? what is a bit coin wallet? what is an exchange? the interest is very real. here to break it down michael saller is with us. i have been studying you. i spent hundreds of hours with two friends of mine. they broke me down. i wish i knew more. i can't explain the algorithm. i know what an algorithm is but it never has a final answer i have a hard time understanding. break this down simply for people like me that don't fully understand it. >> okay. let's start with the basic principle. people came to the united states for 2 things. property and freedom. bit coin represents property and freedom to 8 billion people. there was a computer program to run on computers all around the earth. that program creates 21 million virtual coins in cyberspace. he created perfect digital gold on an open monetary network. if you wanted to save $1,000 and you wanted to have it beyond the reach of

bitcoin 2021 — the biggest ever crypto conference — to be attended by the likes of twitter boss jack dorseyerard is author of the book attack of the 50 foot blockchain' — which takes a sceptical look at the cryptocurrency phenomenon. you have described bitcoin as the most inefficient payment system in human history. it is fair to say you are not a believer. what exactly is it you have a problem with? is it the concept of the product itself? , , ., , , ., itself? the big problems are that it is basically _ itself? the big problems are that it is basically a - itself? the big problems are that it is basically a huge i that it is basically a huge domain for scams, there is no way to get money out that somebody else did not put in first. the big problems at the moment right now are its huge environmental load, i could talk for about half an hour about what is wrong with it. i don't have that long, unfortunately, i have about four minutes. there are a new generation of cryptocurrencies, and they claim to be more environmentally friendly. do you think they are any better than the old ones?— than

if jack dorsey wanted to win a nobel prize we could say twitter going forward will have no twitter trendsitter trends, cancel culture would disappear in a week. you can't find out what to cancel. >> right. you have to find out what to be angry about it. i would give him the pulitzer for the mute button. do you worry this takes away from concrete examples of racism that need to be addressed? >> yes, i have one on my list. google's head of diversity was discovered wrote in 2007 that jews have an appetite for war and killing and insensitivity to people's suffering. this was back in 2007. he still has a job at google. he got benched from heading diversity. that was brain surgery to make that decision and addressed his apology to the distribution list at google titled jugelers. did he miss the holcast? i am mad about that. >> jesse, a troubled past for this organization. theyake changes. they acknowledged some things are not positive. >> i am mad at steve carrel. we should have had her back. if something happened to greg i would wait to see what dana did first. where is ray willis and her frie

. >> flocking to see headliners from jack dorsey to floyd mayweather. >> elon musk was in the crosshairs >> elon! >> (~bleep~) elon! >> trevor: which. okay. i don't know what's up with that guy but i do know you can't roll out bitcoin and snort anything with it, so we can rule that out. honestly, after seeing that, i'm back on board because bitcoin is incredibly volatile, unpredictable and the f.b.i. is tracking it, but, on the other hand, it does seem fun as hell. you get to go to huge conventions in miami with thousands of people and get to hang out with crypto willy wonka. you don't get that kind of energy from fans of the dollar or the euro and you definitely don't get it at the sea shell convention. all right, everybody, what we gonna do now is put our money up to our ear and listen to the sound of the ocean. aaahhh! aaahhh! my money has a crab in it! aaahhh! somebody help me! >> trevor: when we come back, the hilarious gina yashere is going to be joining me on the going to be joining me on the show and n.b.a. right now, thousands of bartenders have nowhere to use their skills. [gas

jack dorsey, i walked right by him, and he makes good points -- some people actually booed, but they were the non-bitcoin people. emily: thank you for giving us the atmosphere. appreciate it. meantime, bitcoins volatility has continued with elon musk tweeting thursday, #bitcoin and a broken heart umoja. it underscored the influence he has on the cryptocurrency. we spoke about his seemingly on -- unlimited power to move crypto markets. >> if elon musk is this interested in crypto, it must be important. in short term, market payments -- market panics are not good for anybody. he cares about this enough to say something, and whether he is pushing markets up or down is probably good in the long term. in terms of the regulators, it depends on the back end, i hope he is not trading after he tweets, i hope he is not doing that for his own speed -- his own sake. but we are a country of free speech, and i am more focused on five years. emily: and of course, who knows? for more about whether elon musk is actually in the market, our guest joins us. also in miami. alex, what do you make of the c

we heard jack dorsey say that square is building a hardware while. >> square is a phenomenal company. that relationship with technology and innovation and our ability to operate at massive scale. they use every inch of our platform. emily: given that you do have a leg in the crypto space, does that expose you, are you concerned about the volatility? as a company do you face risk given that we are seeing not just a lot of volatility, but we have yet to see regulation and as we just heard from elizabeth warren, there is lobbying for the u.s. to put a stake in the ground here. >> we are all talking about crypto and different forms of crypto and blockchain. it's going to get regulated. what we see today is we don't take risk in the volatility. we create the last mile so consumers and businesses can spend crypto at the point-of-sale. the fact that we are all talking about it, that even janet yellen is talking about it, we're going to see regulation. it's another form of currency. like a dollar or a peso. we are just creating the ability to spend at the point-of-sale. we have seen were visa

shows up in the senate every few weeks but no one is happier about this chaos than zuckerberg and jack dorseybecause every dispute makes them money. they set up the system to foster conflict because that keeps us on the platform. effectively censorship was set up on this peer first amendment principle that then as facebook wanted to europe and had to absorb much more restrictive rules in europe they reimported it back in this country and i think we can badger facebook all we want but they are going to do what they want. it's just a whitewash just basically saying we are taking care of it. >> i want to remind those of you who are listening and tuning in that you can ask questions put out on the chat board and if we have time and we are going to try to make time we will ask eric your questions or just put it in the chat and we'll keep an eye on it. while we are on social media do you see your role and do you see any kind of push for government regulation of the internet social media? does that scare you? >> yes it scares me terribly and that's not to say that i'm not made crazy by a lot of terr

until then, mark zuckerberg and jack dorsey get to decide the rules. emily: you are also an attorney by background. i am curious how you are watching some of these lawsuits against big tech. the doj is suing google, the ftc is suing facebook, apple under fire for how it treats its sellers. from a legal perspective, what are you watching in terms of outcome and process? rep. khanna: we need to see the facts play out. are these platforms overcharging the price of commissions to be able to sell? the other question, are they engaged in exclusive -- keeping out a bing, a yahoo? another thing to look at, have they engaged in acquisitions with the purpose of squelching competition? my guess is there are probably antitrust violations in these companies that have to be rectified, and they should rectify them. that does not mean you take a sledgehammer and say, let's break up all of tech. recognize what they are doing well, recognize them -- regulate them, and let's move forward with a more competitive marketplace as we did so well in the case of microsoft. emil

$5.4 million one of the most expensive entities ever sold and clearly doubles what was paid for jack dorsey'stweet. what does the winning bidder get for the $5.4 million they're not buying the actual source code. they are not buying any commercial rights since the code is free and doesn't generate any royalties. what they are getting is a block chain certified ownership of the original time stamped files of the code they get a poster, a video and a letter from sir tim berners-lee. he said this has offered me the opportunity to look back in time to the opportunity i first sat down to write this code 30 years ago and reflect on how far the web has come since then and where it could go in the decades to come. for comparison, guys, you could have purchased this painting by mark shagal that also sold today at christy's for $1 million less showing once again that beauty is in the eye of the beholder. >> was that less, did that disappoint expectations? >> that was above expectations it was just a comparison of similarly priced collectibles that are so vastly different in terms of what they actually

-- listen to what jamie diamond said yesterday >> about -- >> i think he wishes he worked with jack dorsey that he was actually a tech guy. do we have what he said about square he is square envy. >> i'm finding it. >> did we listen to square envy. look at this we could have done what square did. i mean, jamie, i mean, wow could have dope. >> he said we could have done what square did, and we didn't, okay so if you were at my management epimeeting i would have told them we could have done it and we didn't. we didn't have the imagination to do it it wassen a technology it wasn't that hard to add the donegal itself was any mythical >> very damning, self damning of course 's very self deprecating rather than having him own up it would have been better had he done it. he did point out they don't have the regulation and they don't have to worry about legacy systems and that is very true. and if you were to regulate square like you would j.p. morgan than they would about have done any better square doesn't have deposit pace fdic, fed doesn't look at them and overall jamie is saying will be we're

bitcoin is rallying back to that $39,000 mark your get jack dorsey was pretty active on twitter, his this time he seems to be pumping up the idea that nigeria could take the lead in the developing world for bitcoin adoption. another tweed by musk also helping underpin that. shares are down fractionally, -- o.a.t -- oatly shares down fractionally. that company ipo'd last month. washington prime group has a lot to work through. since march, they have been trying to negotiate with debtors. tom: romaine bostick on the individual securities, and that will fire up through june and into the earnings season in july. right now and fixed income, thrilled to bring robert tipp in , double degree financed out of berkeley. i look at duration and what pros like you do in buying the maturity out or in the middle, and the belly of the curve, or short-term, etc. what we have is price up, yield down. what we do on a duration given the shock move of price up, you'll down, we want to show you on bloomberg television. what do you do now about price duration? robert: remember where we left off a couple of

that, people still have the internet be there wild west, where executives like mark zuckerberg and jack dorseyet to decide the rules. i don't think that is how we should operate. emily: you are also an attorney by background. i am curious how you are watching some of these lawsuits against big tech. the doj is suing google, the ftc is suing facebook, apple under versus epic, amazon under fire for how it treats its sellers. from a legal perspective, what are you watching in terms of outcome and process? rep ro khanna you need to have the facts play out. are these platforms open to all sellers? are they overcharging the price of commissions to sell? another question is, are they engaged with exclusive agreements which each other which are keeping out a yahoo!? one other thing to look at is, have they engaged in a for the purpose -- in an acquisition for the purpose of coaching competition? my guess is there are antitrust violations that have to be rectified but that does not mean you take a sledgehammer and state let's break up all of tech. it means regulate them and then let's move forward with

jack dorsey, tony hawk and others will be there. >>> get ready to pay more for your stamps.he usps said it plans to raise the rate for letters, postcards and other services. they will increase to 58-cents up from 45. no -- the agency said mail price also rise about 7%. >>> and i'm hearing that cosco is at last bringing back it's in store food stamps which i know a lot of people will be excited about this. i'm people. >> i know. it's happening. i guess are you one of these people who will say don't mind if i do. the retailer said a return of its snack while you shop experience will be back in the coming weeks with safely protocols in place. food court dining is coming back with seating tables returning by next monday. also reappearing a new take on the churros will be available by july 4th and a high end ice cream. i have to say. i'm going to opt out on this one. i'm not ready for the food stamps in stores. >> you aren't feeling to safe. you won't be saying don't mind if i do okay. >> i won't. >> i will eat it for you. >> we all scream for ice cream. you can have any share. >

. >>> plus, bitcoin moves on another elon musk tweet and jack dorsey action as well.techcheck" is back. 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. wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. hour welcome back to atlantic i'm deirdre bosa anside jft. u jon fortt and talk arm wrestling later between qualcomm and nvidia. first get to rahal sullivan for the update. >> what's happening at this hour n novavax says its vaccine is more than 90% effective the company will apply for fda approval by end of se

we heard jack dorsey announced last week that square is considering building a bitcoin hardware wallett something marqeta would have a part in? jason: square is a phenomenal customer. their success is our success. we focus on that successful relationship with technology innovation and suddenly our ability to operate at massive scale. they are truly a shining example of modern card issuing. they certainly use every inch of our platform. emily: given that you have a leg in the crypto space does that expose you? are you concerned about the volatility? douyu and the company face any -- given that not only are we seeing volatility, but we have yet to see any regulation and as you just heard from senator warren, there is lobbying for the u.s. to put a stake in the ground here. jason: we are all talking about crypto and different forms of crypto and the blockchain. it will get regulated. we don't take risks in the volatility. we create the last mile so that consumers and businesses can spend crypto at the point-of-sale. but the fact that we are talking about this, we are going to see regulati

a few weeks ago jack dorsey came out very big on bitcoin.wood is become a sponsor. 12 months ago you wouldn't have seen any of this. the real news is how many leadership figures are discovering bitcoin an want to share that with the world. charles: yeah. really is amazing when these billionaires like the guy in mexico says fiat currency, where their billions are is junk. he dissed it really bad. also on monday, this is what i think was really important, the former governor of the bank of england, mark carney gave a speech. it was really a great speech. it was titled, the art of central bank in a centrifugal world. the acknowledgement, crypto assets, distributed finance is here to say, it is growing. he actually said central banks have to keep up. one of the things he pointed out any new currency has to have economic dynamism, resiliency, quality, issues with anonymity, being environmentally friendly. what do you say? are those key issues for bitcoin >> i think we've got a whole host of very progressive regulators. i think they're all pretty

jack dorsey saying that square is considering a hardware wallet for bitcoin to hold the funds personallyan in an exchange workhorse seeking more than 10%. cowan downgrading the stock. we did see a big mover in that name this week for more on the call go to cnbc.com/pro. >>> all right. so ahead on "power lunch," a deep dive into jobs in america first we'll speak to former new orleans mayor mark morial about the job creation accelerating. how do we get back on track and fill those existing job openings plus improving the existing workforce. the ceo of a startup that helps to develop the base. ava big show ahead so ava big show ahead so don't go anywhere. pain? yeah. here. aspercreme with max-strength* lidocaine. works fast and lasts. keep it. you're gonna need it. kick pain in the aspercreme zero-commission trades for online u.s. stocks a that's decision tech. only from fidelity. keeping your oyster business growing has you swamped. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match

yesterday we had sean carter with jack dorsey on a twitter space. that's on fire i like sofi last week 21.5 i like it here. >> see you tomorrow. "mad money" with jim cramer starts right now xxxx >>> i am here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica i am just trying to make money my job entertain, education, teach, context, call me 1-800-743-cnbc or tweet me @jimcramer what's the best way to invest in the stock market one way is to own every stock pretending that all stocks are created equals the s&p edged up 0.3%. s&p and nasdaq reaching new records again? and that's what warren buffett advocated. tonight he and his partner charlie munger will be interviewed by becky at 8:00 p.m if you want to say the s&p an index that changes all the time, dropping losers that don't make the cut or exiting stocks from companies that got successful takeover bids and adding the you biggest winners of la

. >> we had jack dorsey speaking tomorrow. cryptocurrency has taken over the financial world.wds there than at disneyland. thanks very much, susan li in miami for that big pow-wow. i think that technology is here to stay. the question is will it be rewarding. following on leon panetta saying that joe biden should still meet with vladimir putin even with all of these hack attacks on our country. someone says that would be a mistake. the meeting should be cancelled after this. some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo so, you have diabetes, here are some easy rules. no sugar. no pizza. no foods you love. stressed? no stress. exercise. but no days off! easy

. >> reporter: seeing jack dorsey to floyd mayweather. bitcoin has been around more than a decade.hich like dollars can be used to buy goods and services. ten years ago, one bitcoin was worth under ten bucks. today, one will set you back over $37,000. cryptocurrencies out there, recent cyber attacks show unregulated currencies help cyber criminals. >> reporter: they shut down gas supplies, meat producers, local news stations. the group responsible for the colonial pipeline shutdown receiving a $90 million ransom payment in bitcoin. >> hard to imagine ransomware threat having reached the level that it has without cryptocurrency playing a significant role. >> reporter: for investors, independence from government regulation is an asset. >> one of the core vag use is allowing all of us on the same playing field. you like there's no bank involved or government involved. >> yeah. >> reporter: earning celebration and scrutiny. the white house announced they'll start treating those attacks as national security threats rather than common criminal activity. guys, here in miami, stars are out

she should be banned if jack dorsey is going to be consistent but they're not. >> martha: richard, final bring up -- why make an attack on her blackness or the fact that she has a muslim background, was born there? >> look, i think that's something that we can bring into question. with that being said, the fundamentals when it comes to the issues for the democratic party are sound. when it comes to ensuring we have infrastructure, the democratic party will vote on that. when it comes to make sure we have a voting rights act, the democratic party will vote the same on that when it comes to those issues, the democratic party and the caucus will be sound. >> martha: we'll leave it there. thanks very much. richard and governor huckabee, great to see you both. still ahead, we have victor davis hanson and china's angry response today to the growing credibility of the theory that it leaked covid-19 from the lab. when we come back. don't miss it. this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we

there's going to be a must-see tv sit-down between elon musk and jack dorsey at the b-word conferenceld agree for cryptocurrency es is that they need institutional support, and they're getting more of it. citigroup now helping its clients trade crypto. they're launching a digital asset group within their wealth management business. so prices for bitcoin, you know, it is volatile, but i have to say this week somewhat range-bound, right? and not the best news from jpmorgan. they see value between 23,000-35. so still a far cry from that 64. neil: not for the faint of heart, but there are a lot of players that are kicking it around, so you can't knock that either. lauren, thank you very much. gary kaltbaum, hal lambert back with us. hal, what do you think of crypto in general, the cryptocurrency arena? >> i like bitcoin. i think long term bitcoin is going to do well. i think, you know, this volatility that we see has been the norm for bitcoin from the very beginning. so i don't think it's unusual at all. by the way, i think it could easily drop to the mid 20s, i think 25,000 is really whe

featuring people like robin d'angelo and others to the tune of millions of dollars from the likes of jack dorseyeduces people only to their skin color. i feel like this is so un-american on its face. why do you think they have had such success pushing this through corporate boardrooms and all the other nonprofit institutions? >> let's take a step back and think about where this started. some of this started in law firms and some of it started also in academia. a lot of these young people who were trained under these college professors, they have figured out they have a lot of power to push -- >> ben: i want to continue this as we are trying to get patrice back. it seems like one of the big things we have to deal with today is that there are many people and corporations and in firms across america who are frankly feeling like they are under threat. they feel like they have to be silent and when they are told they have to go along with his indoctrination campaign on race that basically their job would be at risk and because they are not politicians or thinkers and intellectuals like you that that

the twitter ceo jack dorsey, the pro skater tony hawk the boxer floyd may weather and texas congressman ron paul at the conference in miami here is nbc's shaquille brewster. >> you see the crowd behind me, shep this is one of the largest crowds the building has seen since the pandemic this is a soldout event. more than 12,000 tickets sold this time around, up from 2,000 back in 2019 and this just shows the excitement around cryptocurrency as more people invest into the virtual monetary device. when i talk to people they are saying they are coming to learn about cryptocurrency and get in on some of the success in growth you've seen. you're hearing that from the mayor of miami who is one who convinced organizers to move the event from los angeles to here in miami listen to what he told me. >> whether we like it or not, we're going in into a scary technological world that's becoming more technological. and cities will survive and thrive based on the editions they make to prepare residents for that world. >> he later told me that he is trying to make miami the crypto capital of the world he

. >> reporter: flocking to see headlines from jack dorsey to floyd mayweather. >> the best of the internetin has been around for more than a decade. people use traditional money to purchase the digital counterpart, which like dollars can be used to buy goods and services. ten years ago, one bitcoin was worth just under 10 bucks. today, one will set you back over $37,000. there are thousands of cryptocurrencies out there, but security experts say those increasingly disruptive cyberattacks show unregulated currencies are helping cyber criminals. a wave of cyberattacks shut down gas supplies, meat producers and news stations. the group responsible for the colonial pipeline shutdown receiving a $90 million ransom payment in bitcoin. >> it's hard to imagine the ransomeware threat having reached the level it has without cryptocurrency playing a significant role. >> reporter: but for investors, cryptos independence from government regulation is an asset. >> one of the core values is allowing us to be on the same level playing field. >> decentralization. >> you like there's no bank or government i

if mark zuckerberg and jack dorsey and a few unelected silicon valley billionaires can silence a newspaperthe one i work for, the "new york post," then the ordinary american will stay silent. this is the kind of thing that i think yes it takes individual courage but it also requires political action, serious political action like the kind that a few serious g.o.p. lawmakers are doing and talking about the very few others are willing to do. which is we have to restrain corporate tyranny, our founders were very alert to public tyranny and that's a good thing. governmental tyranny. again, as you laid out in the monologue and as we have seen especially over the past year or so, there is also such a thing as private tyranny, that's the tyranny of corporations that have been allowed to grow far too powerful in regulating not just what we can say but literally what we see and think. and so if that teacher feels alone and isolated, and that pastor over there and priest over here, they can be drowned out. it requires collective political action to tame this private sir rein that's dawning on us. >>

jack dorsey is doing to be there.this show, floyd mayweather all on the crypto conference in miami. i'm waiting for any headline from celebrities to see what they're saying about their coin. got it. >>> president biden will meet with lead republican negotiator, shelley more can teeth poe at the white house. yesterday the two tried to come up with a compromise on a bipartisan infrastructure deal before congress returns next week. jason chaffetz with us now. jason worked in congress, eight years i think it was? you know what you're talking about here. do you think that the democrats will come to the table and make a deal with the republicans? do you think that's going to happen? >> no, i don't. i think they knew when they picked up those two senate seats in georgia that they could run the table. they could use a tool called reconciliation to get through the process to, get a simple majority when they get kamala harris to vote pass the vice president, the president of the senate, to push it over the top. i think they wan

and i was like, what then i found out it was a prank, and i was like, what then my friend told me jack dorseytter, sold his first tweet as an nft for $2.9 million and i was like, what and they explained it again, and i was like, what and that went on for quite some time then this happened >> top score, 14.75 against the buckeyes >> same vault as diob. oh, and he sticks the landing. not sure what that is. >> that's his vaccine. >> and i was like what evan manivong landed a perfect vault and pulled out his vaccination card dropped out of the sky like a javelin. that was the stickinest landing i have ever seen maybe he's born with it, maybe it's moderna then marijuana became legal in new york and i was like what? it just became legal since when the day before i moved here? now, i don't want to be a little tattletale, but either people have been getting high everywhere in manhattan all of the time or the most popular new york perfume is eau de chronic. then a ship the size of the empire state building got trapped in the suez canal, and i was like, what and that went on for a week! every day, i wo