my question is can ken griffin be the new julia robertson?be the benevolent godfather and the industry as he is saying ken's cubs take shape? >> it seems so whether they like it or not. they are -- there firms are the largest number of startups and some of these startups are really massive. we are seeing initial signs of both of them playing the new godfathers for any generation of hedge fund startups. sonali: what is interesting about the millennium park of this is they see their own pods. what is the biggest differential to see millennium seed other firms and there are some notable names they did not play a role in here versus what they are doing within their own ranks? nishant: this has been a growing trend. lenny him is the most aggressive find -- millennium is the most aggressive in ceding its managers. seven in every 10 hedge funds allocates some money to outside portfolio managers. that is picking up pace. if you cannot hire them, give your money to them. that is the second best option. sonali: i do want to move onto another story beca

at ken griffin citadel securities, first-half net trading revenue rose 81% in just over $5 billion from one year ago. at jane street net trading gained a similar amount. let's bring in katherine doherty. citadel securities, jane street, they aren't publicly traded companies. they aren't obligated to disclose these numbers, right? catherine: yes. but they do have debt and credit investors are getting their results, getting updates. it does not have to be on such a strict schedule if you were a public company having to disclose telling investors when you will disclose. recently we have heard from jane street and citadel securities in the debt market where the numbers are coming from getting updates to investors to provide color on why they are seeing a record jump or the potential to reach a record for 2024, citing both the volume in the equities and credit market. for jane street in particular they recently took out a loan in the market. that's why they are coming to credit investors saying they are able to invest using that money that they got from the credit market to, essentially, hel

abigail: there have been talk, ken griffin told you not so long ago, miami is the new wall street.e? miki: i understand. there's a lot of wishful thinking. it might happen. definitely not, it is not here at this moment. new york is strong. when we spend time in new york, everything is busy. try to get a reservation in a restaurant in new york. miami is great. it is strong. it got to a point of no return. people leaving miami all year round. it is not new york yet. hopefully it will be there. abigail: one thing new york is not right now is hot. there is so much talk, you have experience in converting office building into residential. can you do that at the high-end? miki: yes. i converted 2004-2007, the famous plaza hotel. it was a hotel, 862 rooms to residential. very difficult. office buildings, usually they are big. they are too big for residential. every bedroom has to have light and air. people need to be able to open the window. it's difficult to convert those buildings. without any additional support, it would be too difficult to do. sonali: you mentioned interest rates make

. >>> later, ken griffin be warned.etails on the group of investors which have seen the funds sky rocket. you don't want to miss that one. a very busy hour ahead when "worldwide exchange" returns. stay with us. >>> welcome back to "worldwide exchange." the new nfl season kicks off today with the baltimore ravens and chiefs. you can see it on peacock at 8:00 p.m. eastern. sports betting is not the only big issue with the nfl and 30 teams. let's bring in patrick rishe. >> thanks for having me on. >> lots to talk about. streaming and private equity investment in the nfl. let's start with the big thing. kickoff to the season. obviously, the kickoff to the sports betting season. chiefs considered the big favorite to win the super bowl once again this year. is that good for the gaming companies or nfl ratings? 12k >> well, i don't know if that's good, but the more states that legalize gamebling and i'm talking to you three hours drive from kansas city and one of the few states that hasn't legalized. the pro sports teams in mi

>> it is it's interesting, there's another good investment in ken griffin, who just purchased like $50ink it's fascinating to see, there's 1500 stores it hasn't moved anywhere since covid. it's still down about 30%, so i think it's offering value. i like the fact that as a new purchase he's been selling more, sitting on $300 billion in cash. so this is a little eye opening for such a small account >> one of the places they've been selling is apple. they sold 50% of their position, yeah, it's still a large one, but that's a bail for you too, isn't it >> it's a soft bail. i still own apple. i own it in an eco-weighted manner, not in the typical way most own it. they still own $87 billion exposure the iphone 16 did underwhelm if you look at one of the best names of these four, chubb and apple. but i want to be a soft bail here >> you can't invent something called a soft bail no, you can invent anything you want what about berkshire itself, they're soft bailing on buybacks, which they did few of last quarter, 1.6 times book value. some people say maybe it's more charitable purposes that th

ken griffin sold a son, david tepper sold 3 million shares, steve cohen, i mean, these are the biggest, smartest folks out there and sort of on wall street the narrative is that nvidia is now the dumb map play. what would you say to that? >> well i think it be interesting to know what percentage of their portfolios they have in nvidia, so are they just trimming profits and taking some profits there? i think the oracle story and the bounce we've seen in oracle is really interesting. so you've had the hyperscalers, you had nvidia picks and shovels. software has struggled. what we've seen with oracle's report last night and then the bounce is this partnership with aws, what they're saying is that for the customer, it doesn't matter who they're choosing as a hyperscaler. they can continue to run the oracle platform and software in the background. you've seen really strong revenue pipeline, so i think that's just another of in operation that the a.i. story is still in early to middle enings. charles: it's also great to be honest that it's broadening out beyond picks and shovels and knock-on

. >> like ken griffin, didn't he make a play for the dolphins and f1?down to florida. he's already tried to buy a piece of the dolphins and the tampa bay bucs. >> you have to come on every day. >> i look forward to it. i want to. this is great, exciting stuff. bring me back, please. >> don't you worry. for the full nfl team valuations list, be sure to visit our new page at cnbc.com/sport or use the qr code on your screen right there. by the way, don't forget to tune in to tonight's nfl kickoff on nbc and peacock where the chiefs will take on the ravens. looking ahead to next week, can you join cnbc and boardroom's game plan conference on september 10th in l.a. that's a high-powered event. all to talk about the dynamic intersection of business, sports, music, everything we just talked about. scan that qr code or visit cnbcevents.com/gameplan to register for that. >>> when we come back -- actually, on "money movers," billionaire investor other an orlando bravo is with us. we have a lot to talk about with him. >>> and still to come on this show, kroger ceo

the most recent high profile constitution sale was a ratification copy that ken griffin bought recentlyd that is very exciting to see as well. and the ncc a few years ago displayed one of the 12 surviving copies of the bill of rights that showed up in a filing cabinet in new york a few years ago and which we are sharing with the new york public library. it is exciting to see these early drafts and a great way to learn about the constitution. host: how many original copies does the ncc have? and how often are they displayed? guest: we have no original copies. the rarest copy that we have is a copy of the pennsylvania packet newspaper which displayed the printed constitution the day after it was ratified. and some people think it was incredibly significant because that was the first copy that we the people saw. most of the displays are borrowed. we have an incredible exhibit with james wilson's original handwritten draft of the constitution, one of the rarest and most significant owned by the pennsylvania historical society. they lent it to us for a while. we have a really exciting consti