. >> report from kate rooney >> report from kate rooney from maples pavilion. your eyes. beautiful on the outside, but if you have diabetes, there can be some not-so-pretty stuff going on inside. it's true, if you have diabetes, you know high blood sugar is the root of the problem. but that excess sugar can cause the blood vessels to be seriously damaged. and when that happens, this could happen: vision loss or even blindness. that's right, diabetic retinopathy is a leading cause of blindness for adults in the u.s. but even though you can't see it, there is something you can do about it. remember this: now is the time to get your eyes checked. eye care is an incredibly important part of your long-term diabetes management. see a path forward with actions and treatments a retina specialist can provide that may help your eyes and protect against vision loss. just say to yourself, “now eye see.” then—go see an eye care specialist. visit noweyesee.com to get the facts about diabetes, your eyes, and what you can do next— to take charge of your sight. brought to you by regeneron

sports director jason dumas breaks it down with kate rooney news live at chase. that's coming up. plus, californians can now subscribe to airline tickets. details on a new flight paths for quick getaways on the west coast. why hide your skin if dupixent has your moderate-to-severe eczema or atopic dermatitis under control? hide our skin? not us. because dupixent targets a root cause of eczema, it helps heal your skin from within keeping you one step ahead of it. and for kids ages 6 and up that means clearer skin, and noticeably less itch. hide my skin? not me. by helping to control eczema with dupixent, you can change how their skin looks and feels. and that's the kind of change you notice. hide my skin? not me. don't use if you're allergic to dupixent. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes, including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. when you help heal your skin from within, y

innovation with invesco qqq ♪ >>> starting to get more comments out the paypal call, let's get to kate rooney> hey, melissa. one thing analysts were disappointed by was net new active users for paypal. cfo giving color why they missed, yes, lower spending, things like inflation and they had done innocent-led campaigns, as part they identify 4.5 million accounts they believe to have been quote illegitimately created. those were disqualified from the user growth numbers so some of those accounts didn't count and said people signed up looking to get in on the incentive and never using the account and as a result they are continuing to grow users, focused on driving engagement, how they do customers acquisition and are really changing the way they do this john rainy spending time on the call explaining that 4.5 million accounts in the quarter didn't add to that user growth so explaining some of the miss on net new actives. back to you. >> thanks, kate rooney stock down three or four than 16%. stock down more than 16% dan, doesn't sound like a growth stock? >> no and i hate to hear excuses like th

kate rooney has the numbers now. kate >> that's right.the affirm numbers earlier than expected. and confirming some of what we saw in that tweet. let's start with revenue better than expected, $361 million versus the $328 million that analysts were expecting that came in higher than expected the loss, though, 57 cents per share. we're not comparing that to estimates quite yet. it looks like the third quarter revenue outlook roughly in line with estimates, full year revenue estimates, and the outlook also better than expected also looks like raising their outlook for the full year 2022 their entire merchant base now at 168,000 the was up from about 100,000 last year. active consumers up by 150%. we're looking through the release and we'll bring you any highlights as we get those back to you. >> thank you very much, kate rooney, with the final numbers on affirm. there you see it going down by 25%. on those numbers look at that, kelly. >> what a story that has been. by the way, it wasn't a 2:00 p.m. time mix-up, it came out in the 1:15 easte

kate rooney, sports night live. >> the stanford women back in action.nament on thursday. they do get a bye in the first round and then they will host the quarter finals, which again starts on thursday. the city college of san francisco men's basketball team is ready to make a splash in the postseason under longtime head coach jason limbaugh. this season, he celebrated his 5 100th coaching win with the rams abbas as his assistant coaches who've been with him since day. one are a big reason for the program's success a staff had led ccs after 3 state championships. 2 state runner-up finishes and 16 coast conference championships this season. the rams are chasing another state title going 27 1 during the regular season undefeated in conference play. the boss is well trophy is always the goal. seeing his players make it to the next level is what really keeps him going. >> the biggest reward is just getting these guys to that next school finishing practice here. going down love, watching them in a different uniform. that's really, really like to that. we >> c

when we come back, kate rooney has his emotional announcement and first lady jill biden announces freemunity college has been removed from the social spending bill. >> democrats next move to try to make education more affordable. plus, the countdown is on for only 6 days away from the super bowl. after the break, we'll have a live report from los angeles with the festivities have already kicked up. >> i'm meteorologist lawrence karnow. sunny skies almost feel like spring outside. how long will the nice weather what can i du with less asthma? with dupixent, i can du more....beginners' yoga. namaste... ...surprise parties. aww, you guys. dupixent helps prevent asthma attacks... ...for 3!... ...so i can du more of the things i love. dupixent is not for sudden breathing problems. it's an add-on-treatment for specific types of moderate-to-severe asthma that can improve lung function for better breathing in as little as two weeks. and can reduce, or even eliminate, oral steroids. and here's something important. dupixent can cause serious allergic reactions, including anaphylaxis. get help ri

ahead, the worriers trying to win their last game before the all-star break tonight, kron four's kate rooney is live at chase with a preview of tonight's g i'm mark and i live in vero beach, florida. my wife and i have three children. ruthann and i like to hike. we eat healthy. we exercise. i noticed i wasn't as sharp as i used to be. my wife introduced me to prevagen and so i said "yeah, i'll try it out." i noticed that i felt sharper, i felt like i was able to respond to things quicker. and i thought, yeah, it works for me. prevagen. healthier brain. better life. when a truck hit my car, the insurance company wasn't fair. i didn't know what my case was worth. so i called the barnes firm. i was hit by a car and needed help. i called the barnes firm, that was the best call i could've made. i'm rich barnes. it's hard for people to know how much their accident case is worth. let our injury attorneys help you get the best result possible. ♪ the barnes firm injury attorneys ♪ ♪ call one eight hundred, eight million ♪ final game for the warriors before the all-star break this weekend for years ho

kate rooney thank you.call from alphabet, amd, starbucks, all making big moves alphabet surging after top and bottom line beat and big winner and strong outlook is amd up almost 10% mike, which one are you going to pay closest attention to alphabet with that 8% move will be good for the overall market and for technology continuing what microsoft and apple started last week. >> yeah certainly a very good quarter. look at youtube revenue $8.6 billion in a quarter more than net flix made last quarter it's totally different business, ads for youtube but alphabet strategy has side stepped the concerns about pricing power and sub growth going away because it's mostly advertising-supported. amd with a very good quarter in guidance, that stock was pounded after the momentum highs late last year. that's going to be another decent bit of traction for semiconductor which is another element for the market to get back in gear by the way, square trading down 5% or more off paypal number. >> and square rallied up to 120 o

but ininvasion of ukraine demonstrating the power and problems of cryptocurrencies let's bring in kate rooneyere's been a lot of discussion over crypto's possible role right now in eastern europe. in russia to help skirt sanctions and in ukraine as a fund-raising method. russia, it might be harlder than it sounds to use crypto for dodging sanctions. liquidity is one big problem it's hard to find places to buy large amounts of bitcoin or any crypto cryptocurrency these markets are what are called thinly traded the bitcoin ruble pair maxes out at $200,000 per trade. that's even on the world's largest exchanges. the max transaction for bitcoin in u.s. dollars tends to be around $3.5 million. i'm told with those numbers, bitcoin really can't compensate for russia being locked out of s.w.i.f.t. at this point exchanges are the main place right now to get liquidity and sanctions likely take away that option there are black markets as well and lesser known cryptocurrencies but those tend to be even less liquid exchanges are also on high alert for sanctioned russian accounts and global exchanges are s

let's start first with the price action because bitcoin is higher by 5% today and 14% in a week kate rooney is covering it for us kate >> tyler, bitcoin is getting relief, hitting its highest level in about a month it's up roughly 35% from digital and ryan investors have been waiting for a bottom they're taking the recent lows as potential buying opportunity. one way to look at this, the fear and greed index it measures investor sentiment it's back around a 45. for context, it has been stuck around a 10, 12, 13 is the highest level i've soon in the past few weeks analysts are pointing to technical factors as well. a buildup of leverage in january, some flushed out, analysts pointing to a potential short squeeze playing out, the leverage is by no means gone it's still close to about 2% of bitcoin's market cap analysts are pointing to a resurgence of retail interest as well we have more short-term holders that returned to profitability after being under water much of january. bitcoin has been tightly correlated to tech stocks and a lot of those macro factors glass note analysts saying this mo

as we said before the break, bitcoin hitting a two-week low as tensions rise in eastern europe kate rooneyurrounding crypto kate >> bitcoin still trading in line with high growth tech stocks and getting hid by some of the head winds. the possible rate hikes and joe geopolitical conflict. dropping below $40,000 over the weekend. it's recover agbit today, just under $38,000 at this point. that bull case of bitcoin as an uncorrelated safe haven asset, it's not holding up. analysts tell me the probability of a sustained bear market is increasing for couple reasons. glass note cites a slow down in bitcoin network activity this is basically money moving in and out of accounts that's not a great sign of demand for bitcoin more retail investors are also holding the cryptocurrency at a loss according to glass note, roughly 29% of all the supply out there is under water that's adding to what some are calling a buyer's strike investor sendment also taking a hit. at extreme fear levels, at 20 out of 100 >> kate rooney, thank you. also interesting to see this playing out alongside the rally in gold. yo

happened to the narrative about it being a safe haven in inflation and geopolitical uncertainty kate rooneyas more on a volatile session this morning. >> hey, jon. the bold case for bitcoin not playing out lately dropping below a key psychological level, $40,000, over the weekend the big drivers, it's similar to what is happening tech stocks. risks associated with fed rate hikes expected in march. and fears about the conflicts in ukraine. bitcoin, like you said, not showing itself as an inflation hedge or any sort of uncorrelated safe haven in the face of all that uncertainty as crypto prices slide, analysts tell me the probability of a sustained bear market is going up glassnote analysts point out a few bearish signs for crypto markets. one, lack of overall network activity they call this on-chain activity think of it as money moving in and out of accounts. this week, activity has been, quote, languishing, which they say is not a great sign of demand for bitcoin there's more retail investors underwater according to glassnode, roughly 29% of all the supply out there is holding bitcoin at a

kate rooney has a preview for us >> hey, wilf growth metrics and guidance will be key for roblox. a huge run-up while a lot of us were homebound in the pandemic. in the third quarter, it saw revenue double and what the company expx as people go back to work and kids go back to school. wall street is also watching bookings that's a measure of the amount of virtual currency or robucks users purchased in the quarter analysts also looking for total user numbers, that's measured in daily active users engagement or the hours people spend on the platform, and international growth finally, they announced a deal with the nfl, so keep an eye out for any commentary around more branded experiences and partnerships back to you. >> kate rooney, thank you for that sara, where do you stand on roblox >> the quarter itself should probably be noisy because of covid comps. but roblox has a huge growth trajectory ahead of it we have trobillion gamers so a lot of market for them to grow into the question for us is roblox isn't just for kids anymore. they had 25% plus adult users. how is that going to g

kate rooney kron 4 sports. >> former oakland athletic jeremy gmb has passed away at the age of 47. gmt played 2 seasons in oakland in was known for his big and sometimes polarizing personality in the clubhouse sent out a message today wishing his family its condolences. all right, guys, this warriors game get in tight in the 4th quarter. like i said earlier, we'll have those highlights. >> i'm jason scammers. they are targeting people with last pads to gain access to google voice. the possible connection. the california after the break. when a truck hit my car, the insurance company wasn't fair. i didn't know what my case was worth. so i called the barnes firm. i was hit by a car and needed help. i called the barnes firm, that was the best call i could've made. i'm rich barnes. it's hard for people to know how much their accident case is worth. let our injury attorneys help you get the best result possible. ♪ the barnes firm injury attorneys ♪ ♪ call one eight hundred, eight million ♪ tonight about a scam involving google voice and ohio. couple panic when their dog maisie got lost

and kate rooney is live chase center with reaction. after my car accident, i wondered what my case was worth. so i called the barnes firm. when that car hit my motorcycle, insurance wasn't fair. so i called the barnes firm. it was the best call i could've made. at the barnes firm, our injury attorneys work hard to get you the best result possible. call us now and find out what your case could be worth. you might be surprised. ♪ the barnes firm injury attorneys ♪ ♪ call one eight hundred, eight million ♪ in new york city, ♪ the barnes firm injury attorneys ♪ ♪ ♪ there's always something new to discover. ♪ ♪ ♪ ♪ ♪ ♪ come be a part of it. plan your next vacation at iloveny.com and now most admired alum! get up there. this is so embarrassing. there's no way it's me (friends laughing) you know her.... you love her.... ruh roh what are you doing here? it's anna gomez! what? who? our first gigillionaire! with at&t fiber, anna's got the fastest internet with hyper-gig speeds. i didn't know you went to this school we have a lot in common. live

us and that opens the door for a whole lot of questions about the future kron. 4 sports reporter kate rooney is back from southern california and joins us now with what is next for the red and gold. kate. we knew jimmy garoppolo was probably going to be gone after this season, but he affectively said goodbye today. >> yeah. that was always going to be the biggest discussion point of the season. would jimmy garoppolo officially leave san francisco and let the trey lance era begin? well, we still don't have a concrete answer, but perhaps we do have a little more clarity. the forty-niners held their final press conference today. general manager john lynch and head coach kyle shanahan. well, of course, they said their plans for garoppolo and his heir apparent trey lance were front and center. neither would admit, though, having made the decision. they did say they're in the evaluation stage and that the discussions will, quote, start in earnest right away. they both noted how much they appreciate and respect below and all his contributions to this team. lowe. meanwhile, he seemed to acknowledge

kate rooney on the way with the highlights.er one team in all of america tonight. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ask your rheumatologist about cosentyx. in new york city, wat♪ ♪e. there's always something new to discover. ♪ ♪ ♪ ♪ ♪ ♪ come be a part of it. plan your next vacation at iloveny.com >> and now kron 4 sports. >> it's a great night for college hoops in the top ranked team in the nation just happens to be visiting us right here in the bay area

kate rooney will get us filled in coming up. >> and tgif bay area the weekend is right around the corner and it's already a ride for most of you. your getaway forecast for those of you and now most admired alum! get up there. this is so embarrassing. there's no way it's me. you know her.... you love her.... ruh roh. what are you doing here? it's anna gomez! who? our first gigillionaire! with at&t fiber, anna's got the fastest internet with hyper-gig speeds. i didn't know you went to this school. we have a lot in common. live like a gigillionaire with at&t fiber. now with speeds up to 5-gigs. limited availability. why hide your skin if dupixent has your moderate-to-severe eczema or atopic dermatitis under control? hide our skin? not us. because dupixent targets a root cause of eczema, it helps heal your skin from within keeping you one step ahead of it. and for kids ages 6 and up that means clearer skin, and noticeably less itch. hide my skin? not me. by helping to control eczema with dupixent, you can change how their skin looks and feels. and that's the kind of change you notice. hide m

skater vincent joe will no longer compete after testing positive for covid kron. 4 sports reporter kate rooney explain why he's pulled out. yeah, tough situation. pam. ken joe was born in san jose grew up in palo alto. >> and trained in san francisco. now, his time in beijing, though, has come to a really abrupt. and the 21 year-old skated yesterday in the team competition. but before the medals were even awarded, he was pulled following a positive test result. athletes test daily while in beijing. the u.s. took silver in the event. so joe is leaving china with a metal. but he won't have a chance to skate in the individual competition which starts today and in which he was expected to compete for a spot on the podium. joe announced he'd be withdrawing this morning on his own instagram with an emotional video. the skater addressed his younger self telling him to be proud. >> when you were sitting on the couch. watching those great skaters on tv. studying. there comes every night at the dinner table. and waking up at 04:00am or earlier to go into the rink and skate. couple jumps. you no idea wha

. >> thank you, kate kate rooney. >> thanks for watching "power lunch," everybody. >> "closing bell" starts right now. >> hello, and welcome, everyone, to "closing bell." i'm sara eisen stocks try to stage an early comeback but have since moved lower as investors digest the latest information out of ukraine. the dow down 400 points as we head into the final hour of trading. >> i'm mike santoli. let's look at what's driving the action fresh sanctions on russia. russia closed the market and the bank doubled a key interest rate at home, treasury yields are falling hard as investors move to safety and bonds. gold is higher as well while crypto gets a major boost. and energy remains in focus as brent retakes $100 per barrel while bp moves to sell its stake in russia's state-controlled oil producer the s&p down a bit more than 1%. >> we have a great lineup of experts to break down the crisis in ukraine and the impact on the global economy, including world bank president david malpass, cybersecurity expert, a former s.e.c. commissioner, jay clayton, and former imf chief economist, ken robla

kate rooney caught up with 2 time super bowl champion nfl mvp running back terrell davis to get his predictione. take a listen. >> we've seen this last year when the bucs played in the big game with the you know, i guess the biggest the chiefs offense that was really good. but where they were weak goes up, probably saw this with tom brady over the years where lee big game they lost has been were his offensive mind has been dominated by the defense is on us. and then you we've seen this theme in this game. and if it continues, rams have they have the star front? they have the personnel. we have guys that can get it done. i think is going come down to that and i obviously i think the walkout out their own stadium with them hoisting that trophy. >> now cincinnati's mayor would beg to differ. he told tmz live just a few days ago that he's so confident the bengals will when he's already planned the super bowl parade. that's right. it's a bold strategy. cotton. let's see if it pays off for him all. send it back down to you in the studio. what you guys think about that. >> i think that is pretty bold

kate rooney has the latest in sports. >> the forty-niners are losing their offensive coordinator. mike mcdaniel has been hired to become the head coach of the miami dolphins mcdaniel had been with the forty-niners since kyle shanahan arrived in 2000. 17 started as a run game specialist and run game coordinator. and finally offensive coordinator. this past season. the forty-niners will receive a pair of compensatory third-round picks under the expanded rooney rule since mcdaniel is multi racial. all right. final round of the atnt pro and the beach man. most beautiful sight in the game. >> this one came down to 2 players, tom hobie and jordan speech. here's hoagie on the 16th. beautiful approach. shot lands just a couple of inches from the hole. that's what you want. he would tap in for birdie and be tied for the lead 17th hole. now its speed putting to save par. but he missed just left the bogey dropped him from the co-lead magic hoagie. putting for another birdie on 17. it is down for a 2 shot lead and that was more than enough. hoagie holds up speed to win his first career pga to

. >> it will be interesting to see how that plays out kate rooney, thank you >> if you're hungry for nt, check out cnbc's new crypto for the latest market trends to the biggest names in the space tune in daily at 3:00 p.m. eastern at cnbc.com crtorlypwod. we'll be back in just a moment age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >>> one more thing this morning stepping down as virgin galactic chair. the stock has since failed to take off it hasn't gotten easier for

around $37,000, as trading activity in the spot market slows but the action is picking up elsewhere kate rooneyhere the money in crypto is moving. kate >> hey, kelly. yeah, the action lately has been in crypto derivatives which tend to be riskier and more speculative. those are booming and hit a new record in january. spot volumes though are down significantly. those tend to come from the more traditional exchanges with immediate delivery think coinbase, robinhood, or buying or selling bitcoin. that type of trading was down 30% in january compared to december that's according to new data from crypto compare. marks the lowest level since july, and analysts say it's partially due to quieter markets. derivatives are picking up the slack, this could be futures or options, and volume on that side of the market hitting an all-time hide in january these more complicated trade now make up 61% of total volumes that's a new record and it's up about ten percentage points from december analysts tell me it shows more speculation from traders looking for bigger returns in the crypto markets. most of this is

kate rooney is here with more. te >> bitcoin is missing new buyers that's a barrier to a sustained rally and there's the new addition to bitcoin wallets. a rise of people opening accounts coincides with a bull run. you can see on the right side here of that chart lacking there's been a slight uptick in the 7-day average. i spoke to fundstart saying getting new accounts is core to the price target of bitcoin. new interest fetends to follow price action january was a tough month for bitcoin and coming to u.s. based buyers lee said they tend to be younger, risk on, with savings and an interest in tech. many through platforms like robinhood and says that it looks to have peaked last year and tom lee said there's not as much juice in buying crypto right now. for a big step function higher in prices he says older generations that control the majority of wealth in the u.s. needs to allocate to bitcoin there's seller fatigue, lower liquidity and more price action in crypto derivatives. >> thank you >>> let's get to frank ho

our kate rooney is with us, after talk to go dan shul man. >> the bill miss was on numbers, especially net new accounts. it's looking at 20 million at the high end it added close to 50 million accounts paypal also scrapped a prior goal of hitsing 750 million accounts exec sutives say thee in and out l -- they're in and out looking for quality over quantity. last quarter over more than 4 million accounts were deemed illegitimate and didn't factor in at all. ebay is a hangover that will just not go away, after saying the transition would essentially be done, dan shulman telling me it's looking more like the back half of q3 it's still looking to be about a $600 million pressure on revenue for the year shulman telling me if you strip out ebay, growth looked better and the transition is hiding some of the strength of the business some analysts agree, as btig said this morning, they cannot recommend the stock in the meantime it's now what they call a show-me story. we talked about inflation, covid variants, hitting consumer spending, but this caught wall street off-guard, especially after vi

kate rooney on the story, and also portfolio manager at a capital advisers group welcome to you both. kate, what are we watching for >> revenue concentration, breakdown of which firm's partners drive the most sales? fancy way to say that. that's peloton this quarter peloton a lot less important than it used to be seen a major slowdown as peloton, comes to sales and subscriptions. that really needs to be a bigger deal than it is now. meanwhile, fast-forward. amazon and shopify now appearing to pick up slack lenders have been slowly shaking off relying on peloton a big thing to watch what percentage of revenue came from peloton especially as that company sees a slowdown lately. and affirm, went puckly, context, peloton one-third of revenue but falling. talked about moving away from it prior quarter, 10% revenue shopify the big story last quarter and helped them grow to more than 100,000 merchants. propelling that company to the sort of level of 15,000. competition fear it square, block bought after pay. a lot of big global buy now, pay later. amazon, of course, the huge focus for today.

kate rooney has that story hi >> hey, see the blockchain startup funding that includes any company fromrtups to decentralize exchanges last month, that group grew 11%. and the dollar topping $25 billion for the first time ever, that was around $3 billion this is generated by what they call mega rounds will $100 million or more and those accounted for more than half of total funding. biggest rounds went to crypto likes nfts and gaming and payments crypto, guys, is very much a global market. but the u.s. was the leader last year, making up 56% of global funding. within the u.s., new york, coming out as the clearest new york startups got the most investment dollars followed by silicon valley, miami and l.a. tied for third coinbase ventures with 68. au21 and we do get a picture of what the public markets might look like with the potential of ipos three or five years down the road with a so-called boom with the web companies getting into them the structure can be different they are buying cryptocurrencies in addition to equities a slightly different structure there. but the value of some of

kate rooney put it to the cfo of visa. >> spoke to the visa cfo in an exclusive interview this week.avel returning and says the consumer is holding up well. impact of omicron on spending, "modest. asked about the double whammy of the pandemic and now inflation weighing on the consumer he says higher prices are not as much of a drag as you might think. >> there's no question there's inflation. in some way affecting inflation, not evidence of that confusing things there certainly was a switch is away from goods to service from services to goods for a while. starting to see that switch back and people spend more in restaurants and entertainment and travel and so on a lot of change going on, but in general, if you look at aggregate payments, holding up very well. >> other news out of vice sa to visa committing $100 million to drive more loans in minority communities. saying the focus is on black and native americans hit hardest by the pandemic and park funds at minority depde depositories the more they have, the more they can lend. >> thank very much. >>> and a quick check on the markets

right now, but if the threat of war and fears of inflation can't help bitcoin rally, what can maybe kate rooney more. hey, kate. >> hi, tyler that bull case for bitcoin as a safe haven not playing out this week the cryptocurrency dropping below a key psychological level of $40,000 over the weekend. it's back slightly today, around $38,000. now, and crypto markets are getting hit by some of the head winds we talked about hitting u.s. stocks. fed rate hikes expected in march and geopolitical tensions out of ukraine, and analysts tell me the probability of a sustained bear market for bitcoin is going up glass note analysts point out a few bearish signs for bitcoin markets. first, a lack of overall bitcoin network activity they call this on-chain activity you can think of it as money moving in and outof accounts this week, activity has been, quote, languishing, which they say is not a great sign for retail demand. also more retail investors now under water. roughly 29% of all supply out there is holding bitcoin at a loss they also point out an uptick of zero balances in addresses that's basically w

kate rooney has the story for us >> tesla had about $2 billion worth of bitcoin as of the end of lastear but volatility and some accounting rules added complexity for tesla, and likely will add the same issues for companies like it. holding crypto on their balance sheets the carmaker disclosed its first crypto purchase a year ago we don't have exact timing, but analysts think it was right around when the price of bitcoin was $32,000 or $33,000 according to a new s.e.c. filing out this morning, tesla bought a total $1.5 billion worth of bitcoin last year. it calls out the volatility and, quote, unique risk of loss that comes with these types of crypto investments. last year was no exception on volatility bitcoin finished the year up about 60%, but at one point, it fell under $30,000, and that is key. tesla holds crypto as what is known as an intangible asset tesla says if bitcoin's price falls below the carry cost or where they bought it, at any time after they bought it, an impairment cost is recognized. on the flipside, tesla can't mark up the value of that bitcoin, that is until a s

. >>> welcome back ukraine central bank suspending digital payments overnight kate rooney is here with new restrictions in ukraine don't apply to cryptocurrencies yet, i'm told, that could change, but crypto has been emerging as an alternative in eastern europe. it's a lot more useful in ukraine versus russia. ukraine has legalized bitcoin as a part of a push to accept crypto chainalysis ranks them as number four currently in terms of crypto akaupgz russia looked to ban the industry a few weeks ago and it's not widely accepted for transactions a move to cryptocurrencies could also threaten putin's grip on the financial system, not to mention russia is also developing its own central bank digital currency sanctions on russia may drive demand for crypto, but global exchanges right now are on high alert. they have an obligation to abide by those sanctions and they're subject to the same rules as banks when it comes to illicit finance and antimoney laundering laws >> does this ultimately, whether you're talking about ukraine, whether you're talking about russia, when you're talking about s

and i know kate rooney and kylen mills can say the same here in the sports department.rest in peace? all righty. when a truck hit my car, the insurance company wasn't fair. i didn't know what my case was worth, so i called the barnes firm. i'm rich barnes. it's hard for people to know how much their accident case is worth. let our injury attorneys help you get the best result possible. >> that wraps up kron. 4 news at 8. but keep it here. coming up at 9, our continuing coverage of russia's invasion of ukraine and now most admired alum! get up there. this is so embarrassing. there's no way it's me (friends laughing) you know her.... you love her.... ruh roh what are you doing here? it's anna gomez! what? who? our first gigillionaire! with at&t fiber, anna's got the fastest internet with hyper-gig speeds. i didn't know you went to this school we have a lot in common. live like a gigillionaire with at&t fiber, now with speeds up to 5 gigs. limited availability >> from the bay area's local news station. we now with breaking news. >> we're following breaking news tonight. th

kate rooney has an update on his progress as he works his way back from a back injury. she also have an update on the big saint. mary's gonzaga game. that's coming up from rod on the way. >> and coming up on a look at your sierra snowpack average and your getaway forecast coming up in just a few >> once one of the most popular comics and his country, ukrainian president, volodymyr zelensky is now under fire from putin's russia. get this. history has found that zelinsky is grandfather actually fought in soviet union's red army during world war. 2. >> and now yesterday's ally has now become the enemy. kaylee, be sun learns more about alinsky presidency. >> it was an unconventional rise to the political sphere prior to his ukrainian presidency. golda meir stolinsky had no political experience, however, was a prolific entertainer in both ukraine and russia portraying himself as principled an anti establishment and his tv show servant of the a little much of the landscape also had no platform as a presidential candidate yet in body to populist approach with an antiwar messag

a firm felt the impact as well amazon might not be the buy now pay later biggest revenue driver kate rooneyults tonight kate >> reporter: jon, yeah, the good news for affirm investors peloton is a lot less important than it used to be for affirm. amazon and shopify appear to be picking up some of that slack. the lender is slowly shaking off its reliance on peloton when affirm went public last year, peloton accounted for about a third of revenue at the time, that was really a good thing it sold a lot of bikes and subscriptions during the pandemic, but as we know, sales have slowed significantly. as of the third quarter, peloton only made up about 10% of revenue for affirm that's coming down shopify, meanwhile, really has stepped up for affirm in a big way to help affirm grow to more than 100,000 merchants last year the big story today when we get those numbers after the bell, how much will amazon add to that picture? affirm's exclusive partnership with e-commerce giant ticked off around the holiday shopping season last year in surveyed some users who also shop on amazon hof those more than h

vincent joe will no longer be competing after testing positive for covid kron. 4 sports reporter kate rooney joins us now to explain. and kate, he sounded so sad and that a social media post. >> yeah, it's dream that he won't now get to fully realize joe was born in san jose grew up in palo alto and train in san francisco. now his time in beijing has come to a really abrupt end. the 21 year-old skated yesterday in the team competition. but before the medals were awarded, he was pulled following a positive test result. athletes test daily while in beijing. now the u.s. took silver in that event. so joe is leaving china with a metal, but he won't have a chance to skate in the individual competition which starts today. and in which he was expected to compete for a spot on the podium. joe announced he'd be withdrawing on his own instagram with an emotional video. the skater addressed his younger self telling him to be proud. >> but you are, you know, sitting on the couch. watching those great skaters on tv. studying. there comes every night at the dinner table. and waking up at 04:00am or earlie

before the memorial cloud for sports reporter kate rooney got a chance to talk with some of the people who knew him best on what john that meant to them. kate joins us now from our newsroom with more. katie was really some funny. >> who was larger than life that you hear that term a lot. but john met really fit the term perfectly. yeah. you hear how beloved he was to those fans who attended the memorial tonight and also to people we worked alongside anyone with an appreciation for sports or video games over the last 4 decades has probably learn something from john madden. but with so many people on hand tonight. >> who knew him intimately? i wanted to find out from those closest to him. what made that and special? >> we dould talk football quite a and strategy and in a game planning and you know about other teams and whatnot, of course. but even when i started in television and we get some games from the booth, you know, we did london games and we did some other games from the nfl. now, i would call john and ask him his advice because i mean, who did a better really? who did it better?

kate rooney is watching cybersecurity names.l defense stocks which definitely led us at the open >> absolutely. we have seen volatility in this sector too it had been a mixed picture for aerospace and defense stocks today thanks to this push pull in the sector as investors digest the strong likelihood of increased defense spending but post biden, we're now firmly higher across the board. the ita aerospace and defense etf is up more than 2% right now. harris, raytheon, really leading the gains here jefferies thinks nato spending will now accelerate with the immediate benefit coming through foreign military sales like that $6 billion deal that was just approved by the biden administration for general dynamics tanks to poland another perspective winner, l3 harris, which has a big tactical communications business, think army radios. other names with european exposure, lockheed, boeing, and mercury, but overall, bigger defense budgets should benefit the entire group, at least from an investor sentiment standpoint >> defense stocks wi

kate rooney has more on how this impacts the case for crypto.any different facets, being treated differently in russia versus ukraine versus other places in the world. >> that's right. we're seeing that play out in realtime, and those new electronic transfer rules in ukraine don't apply to cryptocurrencies yet i'm told that could change in the coming days. but crypto has been emerging as a viable alternative in eastern europe sources tell me it's a lot more viable in ukraine right now versus russia. ukraine legalized bony as part of a wider push to accept crypto chainalysis rates it number 464. we have seen a surge of donations to the army, stable coins as they're called. they're also trading at a premium, that tends to be a sign of demand. russia has flip-flopped on its policy it looked to ban the industry a few weeks ago. crypto is not widely accepted for transactions there, and an alternative finance system could also threaten putin's autocracy. that's something sources very pointing out, and russia is developing its own central bank digital

kate rooney live from raga next. >> and tracking your sierra forecast for those of you looking to get away and your local bay area staycation forecast coming up, tracking a warm-up with spring-l in new york city, ♪ ♪ there's always something new to discover. ♪ ♪ ♪ ♪ ♪ ♪ come be a part of it. plan your next vacation at iloveny.com >> now to our 4 zone forecast as we take a live look outside here across downtown san francisco. many landmarks lit up in blue and yellow tonight in honor of ukraine, san francisco showing its support for the country that's now under attack. we'll switch it up and talk a little bit more about our forecast, though, right now. let's get you ready for the start of your after a gray and gloomy day across the bay area. the sun set to make a return. >> scott for meteorologists mabrisa rodriguez. yeah. that blanket of storm cloud cover warming up our overnight lows in the bay area. but the sunshine tomorrow afternoon. >> going to warm up our daytime highs. and let's take a look at your sierra forecast as well. i know a lot of you heading out to this year if you're n

kate rooney caught up with 2 time super bowl champion and nfl mvp running back terrell davis to get his prediction for the big game. take a listen. >> we've seen this last year when the bucs played in the big game with the you know, i guess the biggest the chiefs offensive. really good. but where they were weak goes up. probably saw this with tom brady over the years where lee big game they lost has been were his offensive mind has been dominated by the defense is on us. and then you we've seen this theme in this game. and if it continues, rams have they have the star front? they have the personnel. we have guys that can get it done. i think is going come down to that and i obviously i think the walkout out their own stadium with hoisting that trophy. >> cincinnati's mayor would disagree, by the way. he said he already started planning the city super bowl parade. the city super bowl parade. very confid care coalition, it's so good to see you all! alright! let's brainstorm. any ideas for new members? i'd like to nominate alaska airlines. this neck pillow i'm dating says great things! a c

kate rooney has details in there's this feeling we chase... like someone upped the brightness on the entire world. a full-body endorphin rush we'll chase again and again. feel the hydrow high. it's sunday. >> we've got a warm week ahead, right? so we've got everything. what it's yeah, we've got everything fixed with rebecca. >> she's body to ready to go and ready to talk about this awesome forecast. well, if you like a warm-up and if you like sunshinef it's going to be a perfect week for you around the bay area. we are going to definitely see some spring-like temperatures and it's going to get quite warm or hot, maybe in your area. haven't seen these in quite some time outside. right now we're seeing the mostly clear skies here. the survey bridge toll plaza approach camera and along the east bay hills. we could see little bit of patchy fog developing during the overnight hours. but things should clear out quite nicely tomorrow for mostly everybody except for maybe spots along the coast and a whole lot of sunshine to enjoy temperatures tomorrow

during tonight's memorial, much beloved before the memorial power for sports reporter kate rooney. talk with some of the people who knew him best. and she talked about what john madden really meant to them. kaye joins us now from our newsroom with more. kate? hi, jonathan hype. and yeah, anyone with an appreciation for sports or video games over the last 4 decades has learned something from john madden. but with so many people on hand tonight. >> who really knew him intimately? i wanted to find out from those closest to him. what made the legendary coach special? >> we would talk football quite a and strategy and in a game planning and you know about other teams and whatnot, of course. but even when i started in television and we get some games from the booth, you know, we did london games and we did some other games from the nfl. now, i would call john and ask him his advice because i mean, who did it better? really? who did it better? he was he was and he was and he was the greatest i have my college great teacher,r 2 of my high school. but >> he was the at this level at his heart

we will have live coverage from chase center where kron 4 sports reporter kate rooney.we'll have those full highlights. this is their last one before they're off for about a week now. speaking of the warriors, they gave a draymond green injury update today. it was an extremely vague, but hey, it was something the team says he's making good progress in his recovery and he will return to play at, quote, some point after the all-star break. so, yes, like i said, it was vague. but the good thing is draymond already told us this was likely going to be the case. he's missed the last 19 games with a disc injury that in his back, but causing some calf strain. he's missed 19 games. but if you count the game where he only played 7 seconds on klay thompson's return, it's been 20 here. steve kerr on his all-star. >> every time i speak with them, which is pretty much every day. he's he tells me how great feeling and how well he's doing. but this is a expected this was kind of the message that. you know that i heard from day one everyone felt really positive that to given time. and w

kate rooney will be live for us from rada. she has live for us from rada.has the highlights and look oh, wow, barbara corcoran! good morning. sorry, we don't need any business help now. we're gigillionaires. what? we're gigillionaires now. i don't get it we have at&t business fiber with hyper-gig speeds. but i just... so thanks, but, we're doing great. i'm so happy for you! but i'm just here for my order. oh. entre-pin-eurs? yeah, my bowling team. i like it there's money in puns. do business like a gigillionaire at&t business fiber, now with speeds up to 5-gigs. limited availability ♪ dry eye symptoms keep driving you crazy? inflammation in your eye might be to blame. let's kick ken's ache and burn into gear! over the counter eye drops typically work by lubricating your eyes and may provide temporary relief. those drops will probably pass right by me. xiidra works differently, targeting inflammation that can cause dry eye disease. what's that? xiidra? no! it can provide lasting relief. xiidra is the only fda-approved non-steroid eye drop specifically for th

, this offseason opens the door for a lot of questions about the future kron. 4 sports reporter kate rooney joining us now with what's next for the red and gold. take a it's going to be a very interesting well, we already knew what the biggest discussion point of this time would be. >> how the forty-niners will handle their quarterback situation is that jimmy garoppolo era officially over nothing set in stone, but we did get some clarity today. the final press conference of the season for general manager john lynch and head coach kyle shanahan. of course their plans for garoppolo and heir apparent. trey lance were front and center. now. neither would admit to having made a final decision but said they are in the evaluation stage in the discussions will start in earnest right away. both noted how much they appreciate and respect garoppolo and his contributions to the team. garoppolo, meanwhile, seemed to acknowledge the writing on the wall reflecting on his time in san francisco. >> really since i've gotten here, it's all been about. i want to leave the place better than when i got it's alwa

kate rooney has the latest in sports. the forty-niners are losing their offensive coordinator.as been hired to become the head coach of the miami dolphins mcdaniel had been with the forty-niners since kyle shanahan arrived in 2000. 17 started as a run game specialist and run game coordinator. and finally. >> offensive coordinator this past season. the forty-niners will receive a pair of compensatory third-round picks under the expanded rooney rule since mcdaniel is multi racial. all right. final round of the atnt pro and the beach man. most beautiful sight in the game. >> this one came down to 2 players, tom hobie and jordan speech. here's hoagie on the 16th. beautiful approach. shot lands just a couple of inches from the hole. that's what you want. he would tap in for birdie and be tied for the lead 17th hole. now its speed putting to save par. but he missed just left the bogey dropped him from the co-lead magic going so hoagie. putting for another birdie on 17. it is down for a 2 shot lead and that was more than enough. hoagie holds up speed to win his first career pga tour w

kate rooney has sports. when we come back. oh, wow, barbara corcoran! good morning. need any business help now. we're gigillionaires. what? we're gigillionaires now. i don't get it we have at&t business fiber with hyper-gig speeds. but i just... so thanks, but, we're doing great. i'm so happy for you! but i'm just here for my order. oh. entre-pin-eurs? yeah, my bowling team. i like it there's money in puns. do business like a gigillionaire at&t business fiber, now with speeds up to 5-gigs. limited availability (singing) i want to break free. (vo)t business fiber, nowimagine a place wheregigs. we can finally be free. free to zoom without a meeting request. free to enjoy savory bites, and stunning sights. and free to reunite with old friends... and new. it's time to break free. (singing) i want to break free. ohhh i want to break free. (vo) ready to break free? plan your getaway with norwegian cruise line. sail safe, feel free. sports. >> the warriors came back from the all-star break with a bang, a big win over portland last night. if they can keep that dominance on b

our sports reporter, kate rooney, talk with some of the people who knew him best about what john madden really meant to them. >> case in the newsroom tonight with more such warm affection for john madden, kate, that was the recurring theme. people just have such wonderful things to say about him, humid, all their faces. >> light up really anyone with an appreciation for sports or video games over the last 4 decades has learned something from john madden. but with so many people on hand tonight, who knew him intimately? i want to find out from those closest to him just what made that and so special. >> we would talk football quite a and strategy and in a game planning and you know about other teams and whatnot, of course. but even when i started in television and we get some games from the booth, you know, we did london games and we did some other games from the nfl. now, i would call john and ask him his advice because i mean, who did a better really? who did it better? he was he was and he was and he was the greatest i'm to schools great teachers my high school. but he was at this leve

rooney turned not really what our own kate rooney buehler, buehler. who played the teacher, the adulation teacher uhler. he was a professor there. ben at pepperdine? >> look him up. kids look, look up, you know, rooney, you know, really. >> all fielder story playing the utah jazz tonight on the road. don't forget, tipoff is i think it's 7 o'clock. we'll be right back. think that movie holds up, ok? and, you know, you want to see for sure. don't miss our honoring black history. special hosted by pam moore february 24th at 6.30. we'll be right back. >> 55 is the time. and still ahead in the next hour, the kron 4 morning news, oakland unified schools moving forward with school closures, a big blow to parents and teachers and students will tell you what's next for the district. plus, we have just learned the santa clara county will not the lifting their indoor mask mandate next week. we'll have details on that coming up in a live report. meanwhile, contra costa county is turning its focus to vaccinations. why they want to see the county's most are shot nu