too much front running which brings me to the second story so many smaller players are following kathy wood'sry move it warping the action when ark invests buys something new, tons of younger investors on robinhood follow them into it creating a self-fulfilling rally. they want to buy what woods buys and now. robinhood and merrymen is having a ball inmabeing like kathy woo. i'll walk you through zoom video on a three-month losing streak because traders want it to ring before everyone gets vaccinated. makes sense. last tuesday they plunged to $331 after the company announced $1.5 billion secondary offering but the stock found its footing in the middle of the session and finished up 5% what is going on here? i couldn't find a reason until that night when we learned that a ark had made a massive buy and rebounding because we know that kathy wood put in the bottom nothing wrong with that since i think she's right about it even after we beat covid, we won't forget everything we've learned and zoom has new products. i think it's a winner. you're welcome on the show any time you want but it doesn't

kathy woods is launching a space etf.he actively managed fund will track companies engaged in exploration and innovation, after massive inflows this year, her niche firm now oversees $41 billion in etf products. that is the bloomberg business flash. francine? francine: laura, thank you so much. joining us to talk politics, treasury moves, and the dollar is toby nangle, global head of asset allocation at columbia threadneedle. toby, welcome to the program. are we looking at the reflation trend to continue -- reflation trade to continue? toby: the reflation trade has a good -- it has everything you would be wanting for that reflation trade to carry on its way. the news overnight, while it is hardly surprising, the $2 trillion number, is just another brick in that while. francine: what does that mean, toby, for what you expect treasuries to do, and how does that change your investment strategy? toby: so, we have been seeing slight outlooks on treasuries, a breakeven, 10% on the 10-year, a lot of road has already been travele

that is kathy woods empire. she is moving into space. i didn't put up the other movers.new that would enrage you. there is your affirmation, tom. tom: thank you. jermaine: intraday high. lisa: ok. jermaine: get your broker on the phone. lisa: fascinating. one of the biggest stories. ipo doubles in value in the first day. some bankers go, what happened? tom: full disclosure, romaine. we show all our conflicts in the afternoon. [laughter] romain: that is good for you. you should be all over that. tom: what is this gorgeous chart? romain: this is talking about the outperformance of ipo's. one day pops has created this outperformance versus broader market. obviously, that firm off the charts. people are talking. it is not just right or wrong. it is the idea of availability of shares. companies coming to the table with 10%, maybe less. a lot of talk, if you can get insiders to get chairs out earlier, get rid of lockup periods, you might have more equilibrium on how they perform on the first day of trading. tom: what is the tone of the south side? i saw blackrock out with earn

there's five or six publicly traded space plays, and they are huge because everybody is front running kathy woods. she will launch the atf and raise millions of dollars. i feel we are at a point if she said she was about to invest in egg salad, people would start to buy chickens that's what is going on right now, won't last forever but she's having a moment and i like it cool to see. >> yeah, and let's do andrew, too. >> yeah, that's where i was going to go. i was going to say, there's another one that has holdings, and and our parent company, comcast, and that stock or the etf is up 6.5 percent on this news, and the biggest day in terms of activity and value since that launched in april of 2019 >> good for them it should be, if it's a big category there should be multiple products that investors can choose from. >> there's private market interest and now we are seeing it spillover into the public markets. >>> and bitcoin seeing assets grow from $2 billion to $20 di billion in 2020. we will take you to trade school when "power lunch" returns s rig, not what's easy. so when a hailstorm hit, usaa r

the reason call it the kathy wood effect.iling revealing that her company arc invest is launching a space exploration etf. the stocks in the fund haven't been named yet but arc is coming off of a wildly successful run in 2020, returning more than 170% last year now has 17 million under management the fund best none for its bullish position in tesla, the stock accounts for more than 10% of its weighting which helps explain the outperformance the new fund to be ben have itting from products or is youras passes that include beyond the surface of the earth. four categories, orbital care owe space, suborbital, or construction stock this is a niche little stock everyone thought she was crazy saying tesla would be going to,000 and now look at the money following her. >> her flows are massive they exceeded year to date i shares inflows on a net basis, $4 billion it is largely tesla, there is a genomic funds, a gene editing business they are huge holders of lots of small stocks office combination of things huge big themes, disruptive

how kathy wood became biggest fund in the world and how you should follow her on "making money."harles: market sees dazzling moves. you're not only see it on the surface, but lately the excitement factor created a sort of different kind of rotation. the kind of rotation that searches for value based on assumptions of up cede of these industries as much as it is for share price. for now most of the excitement has been in electric vehicles. something you should be in watching this show. this following the mind-boggling success of tesla in the fact that governments and the industry have put all of their chips on ev. in fact yesterday five of the top ten volume leaders were all ev plays. the other two were up because of company specific news. the action continues to move to higher risk areas including penny stocks which actually saw one trillion shares traded in december. that action also resulting in micro caps taking off, outperforming the major broad market equity indices this year. now this trend has old wall street spinning yarns about joe kennedy or their long-lost nephew calli

large position in a small biotech company, i bought shares at $ $6 is cat thoukathy wood the mvp >> kathy woods please come on the show i've read about you in every single look. i was reading warren piece at page 386 this is another one she likes. the magic mitis and not king mitis but queen mitis. yes, i'm not going to get in the way of it because engineering is the way of the future. chris in new jersey, chris >> caller: hey, jim, what's going on, bro? >> i don't know. i'm chilling what's happening with you? >> caller: boo-yah cool i got into the stock that came out in august ipoed and up 150% since another speaking on thursday what do i do do i hold it or buy more >> israeli company, fast growing, no earnings please be careful. please, please be careful. a little off the table wouldn't be a bad thing how about amena from new york? amena? >> caller: hi, cramer. boo-yah from the bronx new york. >> bronx, almost took a backseat up your way. what's going on? >> caller: i'm calling about fiat chrysler automotive -- >> i'll make it easy for you buy, buy, buy, buy that is such a well run company, h

investor side of this we did see the names in this industry that are publicly traded rally on that kathy woodk but we have a number of names that are in the pipeline to go public as well. >> that's right. investors interest in this category is higher than it has ever been. and 2020 was a really -- a huge year for space, capping off what was really a record decade we are looking through the preliminary data for year-end. and it looks like there has been almost $180 billion invested into the space economy over the last ten years that's up from basically a baseline of zero private investment in this sector. so a ton of growth over the last ten years, particularly over the last five years. and, you know, it's a record for -- across the board. infrastructure, despite covid there was a ton of investment into the launch and satellite hardware and of course as the world goes more remote we are seeing a lot of investment into geospatial intelligence applications. companies and governments want to get access to information and incites. >> i want to get into that piece of puzzle as well. but first, i am

that's coming up, maybe, maybe david, to the moon, the most important, we haven't talked about kathy wood, every day at 4:00, you can see what she bought, and then there are people, because she takes in so much money who buy what she buys >> it is amazing to be fair to kathy, she had one of the great calls >> she was on baron. >> i'm not denigrating >> you're not denigrating her at all. and i remember having her on and her target was a number that we couldn't imagine that tesla would ever reach and tesla has reached it and gone beyond it. kudos to er. >> and she did put her stocks up and not unlike the robin track used to do and there are people who swarm in and buy her stocks. that might not be a great style of investing. >> no. >> and do you want to buy ibm? it's very inexpensive. i don't know if i want to because it's got no momentum, but i'm surrounded by stocks right here, with the exception of fisker, that don't seem that expensive and there are other companies that are doing the right things alphabet is going to have a big quarter. more importantly, they are closing a division, cal

public why is a filing tied to a new etf doing this right now keep in mind arc invest management and kathy woodr, strong performances for funds last year, that arc innovation which gained 150%. while there hasn't been that much public investor money going into space until now, i think many folks in this industry expect 2021 to be a year where that snicalyhaesigfint cng we will be back after this testify de >>> 29% of the people surveyed strongly oppose employees requiring vax nations for their workers. new data boosting confidence in its own vaccine. meg torell has that story for us. >> a lot of people are watching j&j very closely because their vaccine, they will have phase 3 results for just one shot coming up within a few weeks. what we saw last night was earlier stage data on that one-shot approach. that was encouraging for what we might see in the phase 3 they looked at antibody levels here and they found that after two months 100% of people in the trial, no matter their age, generated these neutralizing antibodies and the side effects they saw were similar to had we have seen with others,

numbers that came into her arc funds and one that she heavy done yet and the name is moving up, kathy woodbelievable. >> and i suggested clover health, i suggested i needed to do some work on it and that was met with he did rision, the idea that i had to do work on it, i thought that was important. >> and so his last deal, wasn't that his last deal that he announced? i think so he has had so many, so quickly but again, it's not just being the sponsor, but these pipe investors are all, that go in to provide this financing as well, at the time that the deal is announced, they are all part of each other's deals >> yes. >> so they're all, it's very incestuous but he's in so much. and obviously seems to be making a lot of money. >> he has the midas touch. i'm always requesting him to be on i always have ceos on. >> very articulate fellow. >> and not a pied piper. much more a midas touch. >> we'll see that's the good part we get to see over time. he can sell out, of course >> that would be king midas in reverse. >> right >> right >> carl, it's an amazing time. >> and by the way, tesla is up 1.5,

kathy hempstead, senior policy advisor at the robert wood johnson foundation am followed by remarks from senators daschle and frist. this will be followed by a moderated discussion with gail wilensky, doctor bill roper, dr. mark smith and dr. leana wen. at this time would like to thank the robert wood johnson foundation or it's a generous support of this initiative and listen to some remarks from kathy. kathy: hello and welcome. we are proud to support the group of the bpc future of healthcare leaders, a a bipartisan group that works together to reach consensus on a poor health policy recommendations. this group of leaders have been expanded this year and includes members of the broad range of valuable expertise and perspectives. i want to give a special thanks to our own doctor. today's bit addresses our nation's most urgent health crisis in many generations. the covid-19 pandemic cast not only created extraordinary challenges for our public health and healthcare systems but has also exposed pre-existing vulnerabilities, most particularly the terrible burden , of inequity. today you wil

wood joined their allies in congress. robert de niro said that he wanted to punch the president in the face. madonna thought about blowing up the white house. kathieriffin held up a likeness of the president's beheaded head, and nothing was said by my colleagues at that point in time. in fact, one democrat colleague said that trump supporters should be harassed wherever they are, in restaurants, on the street in, supermarkets. during this prime, the president was under investigation by a special counsel who found no collusion, no conspiracy with russia. the president's supporters were harassed, agit pai, the head of the fcc was called a dirty, sneaky indian. his children were harassed in school. the press secretary kirstjen nielsen -- i'm sorry, sarah sanders was kicked out of a restaurant for being a trump employee. harassed by their home. trump donors -->> gentleman's time has expired. i'm sorry you couldn't hear me. the mic wasn't on. the gentleman from ohio reserves. the gentleman from new york -- >> madam speaker, i now yield two minutes to the distinguished gentleman from maryland, mr. raskin. >> the gentleman from maryland is recognized for