cnbc's kate rooney has more on the ceo's rise in the crypto industry they call him the jpmorgan of crypto. >> reporter: the michael jordan of crypto.

kate rooney live for us tonight at levi stadium in santa clara. have fun, kate. >> all right. whether time now said chief meteorologist lawrence karnow here to talk about hurricane. yeah, it's watching. it is like watching a slow-moving disaster. you know, it's coming on shore. you know, it's going to be devastating. it's just where this hurricane walls doesn't care what our computer models say. so it is slow. so it's going to really, this slowdown is actually tracked a little bit further to the right now. so i think it's the making its way all the way up in the tampa. that was originally well, the big concerns that's where the worst places to cut. it looks like it will come in shore little further south, but it's, you know, that place of the comes on shore. it's going to be just devastating. so, yeah, these storm systems as they come ashore, that's just all kinds of havoc they can wreak. and so you go through reach category, get a category one. we're talking winds 70 to 4 95 miles an hour. well, those winds can cause some damage to trees. power lines come down category 2 coul

kron. 4 sports reporter kate rooney joins us on kevin: i've fought wildfires for twenty years. here's the reality we face every day. this is a crisis. we need more firefighters, more equipment, better forest management to prevent wildfires and reduce toxic smoke. and we need to reduce the tailpipe emissions that are driving changes to our climate. that's why cal fire firefighters, the american lung association, and the california democratic party support prop 30. prevent fires. cut emissions. and cleaner air. yes on 30. >> alright forty-niners coming off their now. second kind of bad loss of the season. where like in the offense to anything. and this is just a week after jimmy garoppolo road in with his cape to save the day. and now here we are a lot of the criticism on this monday is directed at jimmy g. i know. you know, i'm a fierce defender here said jimmy gq, i don't sports reporter kate rooney joining us live >> kate, what's the team saying that the pg ver not be our expert. jen, let those go with p g. yeah. i don't think they're letting us hear the our experts until stic

kate rooney joins us live next. kevin: i've fought wildfires for twenty years. here's the reality we face every day. this is a crisis. we need more firefighters, more equipment, better forest management to prevent wildfires and reduce toxic smoke. and we need to reduce the tailpipe emissions that are driving changes to our climate. that's why cal fire firefighters, the american lung association, and the california democratic party support prop 30. prevent fires. cut emissions. and cleaner air. yes on 30. with less moderate-to-severe eczema, why hide your skin if you can help heal your skin from within? dupixent helps keep you one step ahead of eczema with clearer skin and less itch. hide my skin? not me. 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. ask your doctor about dupixent. >> forty-niners quarterback trey lance had

kate rooney and jason dumas here with you.break down just what went wrong for the forty-niners in prime time. yes, we are joined by our forty-niners insider. he is the founder of the sfa niners in. >> brad graham, thank you so much for joining us here. a whole lot to get to tonight. not the prettiest game. start on the offensive side of the ball. what wasn't working for the niners? is this a game plan issue? is this a personnel issue? where did the problems really start on the offensive side of the ball? >> well, the thing that we know about the santas go forty-niners, they want their predicated off running the ball using play action to help benefit them. and when they were running the ball, unable to get in and out of it, their passing game as a result, thinns are starting to look really good. you have that one really nice scoring drive that ended with a touchdown to brandon. i u but also with this offense when they're not in rhythm and they're not telling you can really tell. and with jimmy garoppolo today, let's call it wha

and that is where we can find kron. 4 sports reporter kate rooney, kate, what's the atmosphere like out>> hey, jason. well, so far it has absolutely lived up to my expectations. and i expected a lot because although we've got plenty of wonderful traditions in u.s. ports, it's nothing compared to the frenzy and passion of international soccer. i'm talking music. i'm talking food. i'm talking while fans. they've all been out in force tonight at levi stadium for mexico versus colombia. this friendly is part of the next tour. send off the final round of friendlies from mexico before they head to the world cup in qatar this winter. and so mexico qualified for the world cup. columbia did not. but still, these 2 teams are considered pretty evenly matched. mexico also known as out to be its ranks. 12th in the fifa world cup rankings and colombia last got are 17th. they're both coming off wins in their most recent friendlies. and so tonight's match could really be a tight one. the nearly 70,000 fans in attendance. sure hope it will be. i talked to people who came from all over the bay area. also

kate rooney tonight, kate. >> i can hype and yeah, i'm right outside chase center. you can kind of see some of the some of the participants of this race about to approach the starting position behind me. the race is set to kick off at 06:45pm. tonight. this is part of the fabric of downtown san francisco for about 4 decades. but the last 2 years were virtual. the organizers created a virtual race. so it's good for this. jp morgan corporate challenge to finally return. >> to hitting the pavement. it's back in san francisco for the first time in person since 2019. and there's another first as well. the first time it's ever been holed held, rather at chase center. this is pretty cool. the racers will start the race right here. the loop around. finish it right here as well. and then look at to show their bid and head inside chase center to enjoy some food. some beverages, some live music. they've also got a whole bunch of stuff set up at thrive city. that's where participants check in. they get their t-shirts. they can use some foam rollers and other things to get ready

kate rooney had kate. >> hey, vicky at this event has been part of the fabric of downtown san franciscot about for decades. hundreds of companies participate in this 5 k it's the jp morgan corporate challenge which helps raise money for charity. and of course, this is the first. it's back at chase center. they've had oracle park in the past and now chase center will host this race for the very first time. it was a virtual event for the past couple years during the pandemic. so it hasn't been here since 2019. and now, as you can see, people are starting to check in to register for this race behind me. they've got all sorts of things, t-shirts set up with kaiser permanente. and one of the most interesting parts of this is the connection to the warriors. they are donating money to the eat, learn play foundation. that of course was started by steph and ayesha curry and it benefits oakland families in the community. that's not where the warriors connection stops here tonight. they've also got warriors. don't know if oil and zaza pachulia here. they're going to cheer on racers at the start of

so that's adding to some of the selling pressure. >> kate rooney, thank you very much heading into theregeneron is stopping the s&p, up 19% on some positive trials what are you seeing overall in the internals, mike? >> it's been pretty solid internally the breadth has been pretty good, more than 2-1 advancing to declining stock. you do still have small caps outperforming the big cap indexes. take a look at industrials relative to the s&p on a year-to-date basis been outperforming by 5 percentage points at this point and it's not just one or two industrial stocks. industrials have sort of bucked the idea that we're in some kind of big, global downturn. right now kind of benign, not going to stay in the way of further gains in stocks. >> as we head into the close, the dow is up 183 points or so so we have seen a nice rally just in the last ten minutes or so as we have ended out this trading day up near the highs of the day. we got up as much as 200 earlier in the session you've got salesforce, jpmorgan and goldman as the biggest sdr contributors health care and banks are leading the char

the lowest level in three months is it higher rates is it something else kate rooney knows. s here to tell us. kate, what's going on. can. >> reporter: bitcoin was created to be gold not the case as cryptocurrency has become more mainstream, sitting in portfolios as the ultimate risk asset and getting sold off the hardest, as wall street flews some of the riskier, high growth trades and with rates going up, it's all about the safe havens, physical gold, treasuries the u.s. dollar, and bitcoin has been trading in the opposite direction of those bitcoin versus the u.s. dollar, there has been a strong inverse correlation with the dollar at multi-decade highs, bitcoin going in the opposite direction. analysts i'm talking to say global macro news is the only narrative right now that matters for crypto it is driving prices and out weighing any positive industry it's a great example, the erge we talked about it on crypto night, a highly anticipated software update, inve tstors, te cpi number which took the wind out of eithers rally, also example of the old concept tom lee's fund amo

forty-niners to its first win of the season hall of fame wide receiver jerry rice sat down with our kate rooney other topics, kate, jerry about his mentoring relationship with lance and the other younger 49 er players, they come up and they say hello, you know and we'll talk about, you know, their situation and >> what a great this is for them to go out there and show their abilities trey lance, you know, commercials with him go feel been amazing. it didn't take us long to develop chemistry, just run it. and i was running down the field catching the ball. just brought back so many that's god. is kind of cool. >> i was excited about that. and, you know, just the way the ball comes out of his hand with the velocity and all that, you know, beautiful ball. >> you can watch kate rooney is exclusive interview with jerry rice tonight at 11 o'clock on the red and gold zone. that's right. here on kron 4 in just 10 minutes. >> well, the giants hosting the dodgers this afternoon could kids had giant cookies to make the game enjoyable giants up one. nothing in the second. but klay thompson's brother trait.

our sports reporter kate rooney told us fans came from as far as tracy and sacramento. and we've got a good one 29th minute. mexico akes a commanding 2 mil lead. >> that's gerardo arteaga with the goal. but in the 52nd minute here comes colombia. louise in aspera chips in his second goal of the game. and just like that, we have a high later on colombia's wilmar barrios with the great finish that gives columbia the lead. they would go on to it, upset mexico 3 to 2. now we have reinforcements on the ground kron. 4 sports reporter kate rooney got to take this one in in-person kate. we chatted before the game. you told us that mexico was the overwhelming favorite. they already have a spot in >> world cup. but hey, that's what sports all about. they get upset. what was the atmosphere like out there? >> this one was wild from the start. jason, before we even got into the stadium, there were people playing music dancing, cooking, delicious looking things the likes of which have never seen at a tailgate and kids kicking soccer around. we've got to see some really some really co

the team to its first win of the season hall of fame wide receiver jerry rice sat down with our kate rooneys week in an exclusive interview among other topics, kate asked jerry about his mentoring relationship with lance and the other younger 49 er players. >> you know, we had chant we will talk about, you know, their situation in what a great this is for them to go out there and show their abilities trey lance, you know, commercials with him for go feel been amazing. it didn't take us long to develop chemistry, just run it. and i was running down the field catching the ball. it just brought back so many that sold. idea says got a cool. >> i was excited about that. and, you know, just the way the ball comes out of his hand with the velocity and all that, you know, beautiful ball. >> you can watch kate needs exclusive interview with jerry rice tonight at 11 on the red and gold zone right here on kron 4. that's going to do it for now. we've got much more for you coming up in prime time. stick with us right here on kron. 4. - [male narrator] the following program is sponsored by mercy ships. f

now, like i said, we have some reinforcements on the ground kron. 4 sports reporter kate rooney. she got to take this one in in person now, kate, before the match, you told u.s. mexico ranked 12th in the fiba rankings. columbia ranks 17th. we did not expect this outcome. how shocked was the crowd on this one came to an end. >> well, it was about 70 to 30 mexico fans to colombia fans and they were definitely a little dejected. mexico came out so hot. this game scored just a few minutes into the match. and then columbia own to that 2nd half. but here's the good news for mexico fans. they get to go to the world cup. columbia doesn't they didn't qualify this year. so the mexico fans are leaving here. pretty happy tonight. i've seen a lot of things here at levi stadium. jason, i've seen gives in the rain. i've seen season openers. i've seen monday night football sunday football but 2 playoff games. i have never seen anything quite like this. fans are still out here partying tonight. we've got fireworks. we've got so many food and drink vendors just running everywhere in these parking

of kate rooney, they will both join us tonight at 6:00 p.m.ight in america with more on today's big deal, you won't want to miss that i won't want to miss it. i can't miss it because i'm hosting it so for pete's sake, tune in. >>> all right, still ahead, how did california, once a shining star of energy in america, end up with energy shortages and dangerous potential blackouts. chshellenberger is up next with that. ou on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. pst. girl. you can do better. at least with your big-name

kate rooney sat down with hall of fame wide receiver jerry rice this week in an exclusive interview and asked him to give his assessment of the niners young quarterback. >> i think with the weapons that they have around him, it's going to take some of the pressure, all trade and he's going to be able to just go out there and just play football is a couch. an aunt. to put together, you know, a game plan where this guy can really be successful. where you can basically uses mobility to get out of the pocket. also keep the vision down field where you can hit those targets. you know, like that, you know, brandon, i danny deebo samuel george kittle and that running game. so my expectations very high for trey and i think raring to go. >> better be you figure. he will be. and you can see that whole exclusive interview with jerry rice the saturday night at 11 o'clock on the red and gold zone right here on kron 4 jerry rice, the greatest wide receiver ever going to be interesting to see. >> if the rain is a factor for the niners and trey lance on the niners and trey lance on sunday in santa clara

parker's kate rooney joins us now. >> run it all down. koam. not something. the panic alarm just yet on any of that because we've seen this team overcome adversity before. it's only week one like you said, but >> the forty-niners have dealt with a lot of injuries over the last couple seasons and now their top running back is set to miss about 8 weeks. second-year player elijah mitchell has an mcl sprain. >> that's the neat thing. he won't need surgery, but you will need about 2 months to recover. now this happened midway through the 1st half of yesterday's game and the worst part might be mitchell was really having a great game. 6 carries 41 yards. that's an average of 6.8 yards per carry toys this season to have a strong follow-up to a great rookie season in which he put up nearly 1000 yards. so in a disappointing game, this might be the biggest disappointment. and kyle shanahan echoed that sentiment in a conference call to that. >> he was pretty and, you know, for obvious reasons were down. 4 of you know, i just went through a lot last year as well, documen

i'm jason dumas and i'm kate rooney.n anxiously awaiting week, one of nfl action, this offseason has really had no shortage of interesting moments either, especially for the forty-niners exactly drama drama drama. and we had some this week. >> jimmy garoppolo took the practice field for the first time of camp on thursday. and for the first time as a niner, he was picking the backup reps. of course, kyle shanahan told us that this week that there is no quarterback competition. trey lance is qb one. jimmy signed that new contract on tuesday. and yes, the dynamic in the quarterback room is a big, unique given the context. but both quarterbacks remained adamant that they welcome this situation. >> in-tray honestly and i know a lot of stuff gets made in a meeting like that. but we have a good relationship. so i mean, every can say what they want everything. we went through last year's very similar the situation. so it's not like we have done it before. it's bag and have him back in the the qb room >> and just like i said, he'

thanks for hanging with us on sports night live on jason dumas and i'm kate rooney.s was a great day of football. some really crazy finishes today. >> but unfortunately not every team can head into the postgame locker room happy and the forty-niners one of the team's doing a little bit of soul searching after week one, a lot of soul searching. this one was supposed to be a gimme. >> a nice easy way to ease into a long grueling season on paper, the bears are very good. they weren't good last year and there isn't much talent on that roster. but as you know, in sports, the games aren't played on paper. you've got to go on the field in show up and there he is. qb one trey lance hoping to get his season started off the right way and they deebo samuel takes the kerry gets to the edge barrels his way in to the endzone niners go up 7, nothing. we go to the 3rd quarter. san francisco up by 10 david montgomery. takes the and hey, looks like the firty-niners are going to get off the field on 3rd down. not so fast. that's a face mask by dre greenlaw >> 15 yard penalty, a costly

forty-niners to its first win of the season hall of fame wide receiver jerry rice sat down with our kate rooneys week in an exclusive interview among other topics, kate asked him about his mentor in relationship with lance and the other younger 49 er players moment. they come up and they say hello, you know which we'll talk about, you know, their situation and >> what a great opportunity this is for them to go out there and show their abilities >> trey lance, you know, commercials with him for go feel been amazing. it didn't take us long to develop chemistry, just run it. and i was running down the field catching the ball. just brought back so many that's god. this is kind of cool. >> i was excited about that. and, you know, just the way the ball comes out of his hand with the velocity and all that, you know, beautiful ball. >> jerry seems happy about that. you watch cable news exclusive interview with jerry rice tonight at 11 o'clock on the red and gold zone right here on kron. 4. just a baseball. now the a's were on the road against the astros having lost 8 of their last 10 a's pitcher cole i

advisers, they're not, you might shot as who is now interested in buying earies that story with kate rooney up next - yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> welcome back well, safety is sexy, at least for now, in bonds. the stocks slide, younger

. >> man: frooeds f atx kate rooney has more on the company and why it is looking for fresh funding right. kate >> that's right. ftx in talks to raise up to a billion dollars in venture capital mining, three people familiar with the discussions. sources telling me this deal would keep the crypto company's valuation at about thes 32 billion. what ftx was worth in january after its last funding round calling it a flat round. some saying a big win. and vc money at 85% discount shares of coinbase down 75% this year and bitcoin and cryptocurrency losings more than half of their value. flat rounds, mike, not the norm. at least in the past decade. not the valuation step-up companies or private investors are used to. ftx's prevention bankers softbank and sequoia among other names and the deal koss change in coming weeks or months. bottom line, money raised here will be used for more m & a. talked before about the crceo's role as a consolidator and looking gaining users in the u.s., not pure play crypto companies. one to watch in the next couple weeks, a source close to that process telling me bin

. >> kate rooney sat down with sam bankman-fried, the jpm of crypto, as we like to refer to him.company -- >> david -- >> yeah, well, any company that can keep its valuation at the same level in this market, they're doing something right. so, we'll have to wait and see but most -- most new offerings are going to bring down your valuation. given what's gone on over the last six months, jim >> how much, david, does jay powell want to see bitcoin below $10,000? wouldn't he just say, yes, we're winning? you know >> i don't know. i don't know is that really -- is he going to get excited if bitcoin trades below $10,000? >> has he ever been excited about anything >> very even keel. we didn't even mention dimon yesterday at the house calling crypto, what, decentralized ponzi schemes? >> i love jaime. hurricane coming up to crypto. sam, pause, and then b bankman-fried. >> that's my new way of doing it sam bank man fried. >> cramer's mad dash will count down to the opening bell as we got a collective 562 basis points in aggregate hikes this week alone and we're not done yet. ba ia me ckn m

lost investors about 70% in the past year and now they're about to get a lot more attention in dc kate rooneyhere with the details. kate, what's going on? >> brian, that's right the consumer financial protection bureau wants some of those lenders you mentioned, affirm, coklarna, afterpay to be managed like credit cards. it highlights a lack of consistency across providers, late fees, as well, and it says lenders often don't give credit info to reporting agencies, meaning they might not have the full picture of someone's liabilities. finally, data harvesting, since many of these lenders tend to be more app driven, that is a big require that the cfpb calls out as well. the director of that agency telling reporters that generally there's been separation between banking and commerce, but as big tech-style business practices are adopted in payments, that separation, as he put it, can go out the door the report shows the growth of the sector, as well. americans took out $24 billion worth of these types of loans last year, a ten-fold increase from 2019, and amid that boom, brian, it's getting a lot

let's get to kate rooney with more or course apple is a stock that lot of investors own and some ownbut don't even know it because they have a lot of it in mutual funds or etfs >> and the average retail investor right now is heavily indexed to apple so anymore pain in that name could add to a tough year for most investors and increases the chance that they will throw in the towel all together and sell. according to evander research, the iphone maker accounts for 20% of the investor holdings, most widely held stock out there that and tesla, and call it a last bastion of hope for retail. this group has been relatively resilient buying the dip that is slowing down which they say is a sign of det tteriorating confidence a dropoff started on monday. this is a very important group to watch, some analysts say retail investors have been the one, quote, cushioning the market in recent weeks the chart here show as spike in retail right alongside some of the recent recoveries in the s&p. and if this group does decide to sit on the sideline or sell, it could mean more trouble for the market one

kron four's kate rooney.'s out there and she talked to people who came from all over the bay area as far as sacramento and tracy, they all say they would never miss the chance to represent their country and enjoy the experience with their loved ones. >> very special be able president clinton backed off and that is very >> what are you most looking forward to about the game? >> car stuck on their way and then they have have it's ok and is we have >> what have you gotten to see mexico claim your area before and when they come over here, whatever they play around nationalists, it could be around all these your team play this beautiful because you get enjoy as you work hard be here and you have to. some farm sometimes. what do think's going to happen next? mexican to for >> all right. we've got a couple quick baseball updates for you at oracle park. the giants. they're hosting. the rockies are right now. they're winning 5 to one. i don't believe someone. check me in my mentions on twitter. i'm wrong, i don't beli

bail out struggling crypto companies, as the plummeting prices destabilize their businesses cnbc's kate rooneyn with him in the bahamas to find out how he made his billions and why he's willing to give so much of it away. >> let's get you sat down. we'll just jump right in >> reporter: at just 30 years old, this fidget spinning, vegan ceo who sleeps on a bean bag chair is worth around $11 billion. his company, valued at $32 billion. but if you pass him on the street, you would never know it. you're pretty low key in terms of when we think about billionaires you don't drive a lambo. >> no, i do not. >> anything you splurge on >> the place i live in, we have turned it into an apartment for ten people and a dog 11 people if you count gopher. i don't want to be in a position where i feel like what's in important is that i have a yacht. that's dumb. >> reporter: but he is spending boat loads of money in other ways during the so-called crypto winter, he stepped in offering lifelines of capital to stabilize exchanges. $250 million to blockfi, and recently bought a 30% stake in skybridge capital. >> i

forty-niners to its first win of the season hall of fame wide receiver jerry rice sat down with our kate rooneyek in an exclusive interview among other topics, kate asked kerry about his mentoring relationship with plants and the other younger 49 er players. they come up say hello, you know which and we will talk about, you know, their situation in. >> what a great this is for them to go out there and show abilities trey lance, you know, commercials with him go feel been amazing. it didn't take us long to develop chemistry, just run it. and i was running down the field catching the ball. it just brought back so many that the obvious. he's got a cool. >> i was excited about that. and, you know, just the way the ball comes out of his hand with the velocity and all that, you know, beautiful ball. >> kerry sounded like he was feeling like a kid. again, you can watch k rooney's exclusive interview with jerry rice tonight. it will air at 11 o'clock during the golden are red and gold zone. excuse me right here on kron. 4. >> talk a little baseball now. the giants hosting my dodgers this afternoon. tha

morning after a season ending injury in yesterday's win over the seahawks kron. 4 sports reporter kate rooney joins us now with the latest details. i'm i'm not the biggest sports fan, but even the importance of what happened during significance of it was not lost on me. >> no, it was shocking. it's been about 24 hours now and still hard to believe this turn of events. justine jimmy garoppolo has now been promoted to the forty-niners starting quarterback and trey lance. well, he's in full on recovery mode. lance had surgery this morning at stanford and it went well. they repaired a fractured fibula and corrected ligament damage in his right ankle. lance posted this image on instagram and twitter bible verse and a promise to come back even stronger is looking. >> about 4 to 6 months of rehab. but the experts say you should be good to go for 2023. but for now the forty-niners have a good insurance policy. they might not have expected to cash so quickly. but they just signed in eagle rock blow to a backup role 2 weeks ago. so now they've got to to be with the super bowl pedigree knows the system

players like affirm facing hyers costs, lower consumer spending and now potentially regulation kate rooneyh the latest. >> that's right. the agency really wants lenders like affirm to be regulated more like credit card companies and plans to issue some new rules around that. in a report out this morning, the cfpb calling out consumer risks and installment loans, highlights a l.a. county of consistency across some of these providers, late fees and says lenders don't give credit info to some of the agencies. they may not have the full picture of someone's liability data harvesting, apps and lenders are app and website driven the director telling reporters that generally there has been separation between banking and commerce, but as big tech style business practices are adopted in payments that separation can go out the door, as he put it. the report also shows some of the growth in the sector americans took out $24 billion worth of loans just last year. that was a tenfold increase from 2019 ain i had that growth there has been a lot of new march pressure they point to a drop in revenues from

. >> kate rooney, thanks mike, as far as crypto is concerned, has the air come out of it?u look at some crypto-related equities, their valuations obviously one of the poster children of this past leg of the bull market that people thought had to relax. >> for sure. obviously, a ton of air has come out of it. i don't know it's gotten down to some clearing price where it's actually now about real believers and users on one side and, you know, the miners and the early adopters on the other and somehow there's some tangible value level that's been reached. don't think that's what this is at all i think most of the activity, if you look at a volume-weighted level of excitement in this asset class, it was a year and a half ago and it was based mostly on price momentum. i don't know how much has to unwind it's underperforming the nasdaq 100 which it had been in lock-d step there's a lot of activity going on i'm not sure it's something you can really believe in unless it is -- i mean, why should the fed matter to this if it was as promised, you know, this kind of new monetary infr

kate rooney is here tell us who came out on top. that's next. in sports. >> welcome back.l, after declining to perform back in 2019 as a show of solidarity with colin kaepernick, rihanna is set to star in this season's super bowl halftime show. the singer posted the image on instagram today of an arm holding up an nfl football. the nfl and jay-z's roc nation then confirmed rihanna will headline this season's show. many are hoping the announcement comes with new music from the singer who has not released an album since get this 2016. it's been a while. so we'll see. the super bowl will be held at state farm stadium in arizona on february. 12th. i think the nfl changed their will title on twitter to national fenty league nfl said the national football kind of funny. >> kron 4 sports. >> with the forty-niners want to see rihanna live. they're going to have to start playing a lot better. tonight was another game that they were supposed to win. denver is a very good russell wilson. sure hasn't looked like his old self and a lot of people seem to think having jimmy garoppolo and

. >> kate, thank you kate rooney.re going to have a lot more on the move you're seeing in bitcoin, and ether tonight, make sure to tune in to superman's least favorite program but it's great, the cnbc special crypto night in america, that starts at 6:00 p.m. eastern, we'll be right back at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. bubbles bubbles bubbles bubbles there are bubbles everywhere! as an expedia member you earn points on top of your airline miles. so you can go see even more of all the world's bubbles. >>> broader m&a landscape, our next guest thinks we could see an uptick in consolidation keeping an eye on targets across sass and health care i.t., joining us this morning we're pleased to have ted smith. welcome back, great to see you. >> thanks, carl. >> it's easy to convince yourself that nothing's happening because the headlines m

kate rooney will tell us what his status is for >> we're watching for potential flooding along the southernnia coast. hurricane kay made its way over baja, california this week. >> some border towns are preparing for flooding and experts are concerned that flash floods and heavy rain could cause a debris flow at a burn scar and patrol. that's in the northeastern san diego county. >> where they're expecting to see more than 2 inches of rain and wind gusts more than 70 miles per hour. >> meteorologist chris rodriguez standing by in our weather center with more. >> yeah, let's take a look at radar for because we're already starting to notice impact of what was once hurricane kay making its way into southern california. let's zoom on in to see where the heaviest rain is falling out there right now. you could see it's still important for those of you in los angeles where you could get up to about an inch of rain or less for most of the valleys and one to 2 inches of much needed wet weather for the highest peaks still dry for santa barbara. but in ventura county starting to notice some light scat

self-preservation is now the name for both institutional and retail investors kate rooney joining us at how day traders are positioning. and i guess by saying that there are still day traders. >> they're still here, brian they're not going anywhere according to some new research but retail investors are changing up their strategies and cutting back on risk at this point. j & p's devon ryan put it, individual traders are getting more tactical and defensive rather than exiting the market altogether one sign of that is margin balances so those riskier positions where you borrow money to make a trade are down 35% over at robin hood and about 20% at schwab. vander research noting some similar trends individual investors have maintained the pace of daily buying even during the market's recent downturn inflows have been pretty stable and retail's also upping allocations to more passive investments. so think etfs, a lot less stock picking, and then money market funds as rates go up and they're not rushing into cash either. according to vanda retail investors have an average to low allocation

. >> i know, they will cnbc's kate rooney sat down with e 30-year-old billionaire.rade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. >> you have a white glove, michael jackson glove. >> i have a jersey. >> you do have one >> of course i do. >> you're selling that baby. 1998 nba, this sold for $10.1 million at auction. >> right. >> he wore it. >> andrew, sell it all >> that makes it the most expensive piece of game worn sports memorabilia ever. in that uniform jordan scored 33 points in a win over the utah jazz. >> you know who i bet has a huge collection >> who >> aaron ruell. >> still around. >> remember that shot to win >> i don't remember the actual shot i remember a lot of his -- a couple of those games where he just was like -- everything was goi

chicago bears last week hall of fame wide receiver jerry rice sat down exclusively with kron four's kate rooney this weekend. she asked jerry about his relationship with lance and the other younger 49 er players. they come up and they say hello, you know, and we'll talk about, you know, their situation and >> what a great opportunity this is for them to go out there and show their abilities trey lance, you know, commercials with him for go feel been amazing. it didn't take us long to develop chemistry, just run it. and i was running down the field catching the ball. just brought back so many that's god. this is kind of cool. >> i was excited about that. and, you know, just the way the ball comes out of his hand with the velocity and all that, you know, beautiful ball. >> kickoff for today's game is set for 105, at levi stadium. meantime, raiders also looking to bounce back after a season opening loss today. they plan home taking on the arizona cardinals. kickoff is set for one. 25. and still ahead on the kron 4 morning news. we continue to track this rain across the bay area. >> this is a live

market performance is becoming somewhat of a bellwether for the state of individual traders, and kate rooneyn-year and bitcoin, and apple was one of the things she did as being so important for sentiment. >> yeah, huge thing to watch right now, joe good morning but good to see you. more pain for apple. could really add to an already tough year for main street investors and underperformance in the i piphoe maker. apple now accounts for about 20% of retail investors holdings, it's by far the most widely held stock and really one to watch here ahead of tesla. vanda calls it a last bastion of hope for retail. this group has been relatively resilient and buying the dips lately, that's slowing down this week, which vanda says is a sign of deteriorating to rebound. had been steady since june but a dropoff really started on monday here this is an important group to watch. some analysts say retail investors have been the ones, quote, cushioning the markets in recent weeks this chart from vanda here shows a spike in retail right alongside some of the recent recoveries in the s&p. if this group does de