since then i have taught at m.i.t. and harvard business school i have realized entrepreneur education has changed so much you can be an entrepreneur and a teacher at the same time. back then that was not the case. the choices were, join a large pharmaceutical company beginning to hire engineers in this field, and then what i ended up doing by chance, an encounter i had with somebody, was to start a company, which was extremely rare in the mid-to-late 80's, let alone for a 24-year-old immigrant. david: did your family say get a real job? noubar: absolutely. even though my father was an entrepreneur in the more traded, import export, the risk was throwing away the education. david: you started a company when you were 24 years old? how did the company do? noubar: the company failed to fail and succeeded eventually becoming the largest instrument company in the biotech field at the time. the 19 95-97 timeframe. we created new technologies that could be used to study and create equipment. it was a public company for a numbe

by the way, i have since because i have taught at m.i.t.nd harvard business school, i have since realized education has changed so much you can be an entrepreneur and a faculty member at the same time. back in 1985 or 1983, that was not the case. that was not something i pursued. the choices were, join a large pharmaceutical company, who was just beginning to hire engineers in this field, and then what i ended up doing by a chance encounter i had with somebody, was to start a company, which was extremely rare in the mid-to-late 1980's, let alone for a 24-year-old immigrant with zero experience. david: did your family say get a real job? don't start a company. noubar: absolutely. even though my father was an entrepreneur in the more trade, import-export type of entrepreneur, but definitely the risk was throwing away the education and the brand. david: you started a company when you were 24 years old? noubar: yes. david: and how did the company do? noubar: the company failed to fail, and therefore succeeded eventually in becoming the largest

i am the director at the digital currency initiative at m.i.t.. we focus on cryptocurrency and digital currency design. i want to know my views are my own. we will be releasing a paper this summer. today, i will do three things. defined cbdc and its benefits, give examples of questions that need to be answered before releasing a digital dollar, and suggest ways to answer those questions. the high fee, long delays, and equitable access and low innovation in our traditional payment systems have caused central banks to consider issuing digital forms of currency. traditional systems have not kept pace with the demand for online commerce. many central banks are engaging to improve payment efficiency, facilitate financial inclusion, and maintain financial stability. a general purpose or retail cbdc is defined as a digital liability of the nation's central bank that is probably acceptable to the general public. it is a central bank liability that is distinguished from commercial banks. it digital nature sets it apart from cash, and it is different from c

m.i.t. did a review of that and the best of all is so the roof day. they are going to sell their investors on the solarcity acquisition. it was so controversial. every other thing he has done before, he has made aggressive promises that he has not cap. >> gordon is giving us an earful. i take it he was not invited. quest courting, it is like you punched me in the gut. level five as you mentioned. that is really a game changer. how far off are we from that? gordon: i think level five is so far away. let me just give you an example of some of the risks to the claims they made. right now, gm and ford have hands-free driverless technology on the road. today. you can drive a gm or a ford car hands-free. they are not even registering miles. gm and ford are level three. i think we are years away. the experts say level five technology -- keep in mind that tesla has been selling this technology since 2015. elon musk said every car we have -- we are making will have the capability for level five self drive. i don't know why he would say that. at the height of c

working at m.i.t. in massachusetts, he reprogrammed the computer to ignore the false signal. this new program was then checked out in a simulator at cape kennedy. as antares came into contact with earth again, the instructions were sent up to the crew. >> antares houston. >> a nice job. >> less than 10 miles above the alonar surface, shepard and mitchell swept across the landing site. >> antares houston. you're good. >> a beautiful day to land at fra mauro. >> then another problem. the landing radar which would tell them their altitude above the lunar surface. >> radar. radar. >> they would like to cycle the landing radar. >> okay. recycle. >> okay. accept the radar. >> this is so great. >> okay. monitor the fuel. >> ten seconds to go. >> over. >> and there it is! right on the money. beautiful. right out the window. >> a go for landing. a major part of the mission for fra mauro, a hole blasted in the moon's surface eons ago that could provide a scientific clue to the history of the moon, the earth, and the solar system. >> we think of the fra mauro that it was created to the

i am a director of the digital currency initiative at m.i.t.. the focus on cryptocurrency and digital currency design. my views are my own and not the views of others. we will be releasing a paper of open source software this summer. i want to define cbdc, and its benefits. give examples of questions that need to be answered. also suggest ways to answer those questions. the long delays come in a global access, and low innovation in our traditional payment systems have cost central -- caused central banks to reconsider currency to the public. we have not kept pace with the demand for online commerce. central banks are engaging on work in cbdc to facilitate financial inclusion and maintain financial stability. a retail cbdc is defined as a digital liability of a nation's central bank that is acceptable to the general public. it is a central bank liability, it just wishes it from credit cards. it's a digital nature sets it apart from cash. the users can hold it directly. the promise of a cbdc goes beyond financial inclusion. it offers an opportunit

>> they have done a lot of hard data that comes up, particularly out of m.i.t. this is the intelligence quotient of a group working together is greater than the sum of its parts. those data are well established as it relates to inventing new things. a compiler, intelprocessor. it can't be done with telephone calls. you need to be in a room, suite -- sweating it out. we are at the vanguard. everybody problem we're addressing has a problem that's never been solved before. we need to work together as a team to accomplish this. >> you're not worried about being competitive. if there was a really good ai person that said i would like to be in nashville, you would think they would work better with you and if they're not willing to then maybe they will not be a good fit? >> exactly. we hired 300 people in the united states last year. we had 52,000 job applicants. we can recruit and hire the type of people who will like to work here.extroverted. people that like to go to work and interact. people that want to go home and want to be stay at home moms or dads, there's lot

m.i.t. did a study recently and they found out that 60 million workers say they would join a union today if given the opportunity. that is almost half of the american workforce. they want a union, but they can't get it because american labor laws and because of the culture of american corporations in resisting unionization. american corporations spent over a billion dollars a year threatening their employees, closed-door sessions where they barred them with lies and antiunion propaganda. they spend all of that money to stop unionization rather than spending that money to modernize or help give better benefits to employees. host: let's refresh the memories of our reviewers. you mentioned a couple of things. let's begin with the right to work laws. from the national conference of state legislatures, this means -- these laws guarantee no person can't be can put this compelled to going a union or pay union dues as a condition of employment. it can prohibit contracts that require the hiring of un

to get by in your state, well, now there is an app for that massachusetts institute of technology, m.i.ts created a living wage calculator it estimates the minimum income necessary for a single person to cover their living expenses in united states. according to the calculator, one would need to make at least $40,000 before taxes just to survive in hawaii while the total required income in north dakota is just over $27,000 before taxes >>> in our series the future of work, companies are struggling to retain employees in the workplace. >> reporter: it's being called the great resignation, prompted by the pandemic, millions of americans re-evaluating their lives and moving on. record numbers quit their jobs in may and june. clare left her consulting job for more work flexibility and time with her kids >> reporter: from a family life balance perspective we can make different decisions. >> reporter: a staggering 10.1 million job openings. soaring home prices have made it activity for this software company to attract employees so it's now offering onsite daycare, a cafeteria, fitness programs

. >> $100 million and it is is i brains of m.i.t. who made the assessment to go all the way down to bedrock. j.r.: in 2016, you may remember the homeowner who put this golf ball on the floor of a millennium tower unit and then started rolling, signifying the tilt of the building and leading towards lawsuits. construction work has now been stopped for two weeks to four weeks while engineers work in determining how to solve this issue going forward. with so many people focused on his building, he says he believes it is safe and says he will sleep just fine at night. >> no trouble at all. as a matter of fact, i will be sleeping better because i know it will not be too long before someone offers me a lot more than we pay for it. >> while there has been tilting, there's been no material harm to the actual building. it remains fully safe. j.r. stone, abc 7 news. ama: abc 7 news confirmed the cdc is working on establishing a timeline to prioritize specific groups to get covid-19 booster shots but how long should we wait in between doses? st

. ♪♪ >>> m.i.t.g some updated answers to the critical question of what it costs to make it in the bay. researchers recently updated the metrics in their living wage calculator which aims to estimate what you need to earn to make ends meet depending on what county you live in. so if you live in san francisco and you're single it's now a $28 an hour. that's if you're single. with a child in san francisco has double that amount. santa clara county has similar numbers. alameda and contra costa counties it's now a little under $22 an hour. >>> your commute might get a little faster through the east bay. that's good news for a lot of people. beginning tomorrow a section of 680 in contra costa county will be a little easier to drive during rush hour. the southbound express lane from martinez through walnut creek opens at 5:00 a.m. here's the map. the stretch connects to san ramon, creating a continuous 22-mile express lane. all cars must have a fast track tag to use lane. >>> an east bay high school gave me

. >> alex padilla attended public schools and is a graduate of m.i.t. and earned a bachelor of science degree in chemical engineering. after graduating from m.i.t., he joined the telephone -- the l.a. city council. he provided citywide leadership at a critical time including serving as acting mayor during the tragedy of september 11. he was elected to the state senate in 2006 to represent the more than 1.1 million people in the san fernando valley. he passed more than 70 bills including landmark legislation to combat climate change as well as one of sacramento's first -- most effective laws. the first letter to ne-yo secretary of state was reelected in 2018, receiving the most votes of any latino elected official in the united states. the secretary of state, he worked to make our elections more accessible while fighting to protect the integrity of our voting system. as california's junior u.s. senator, whose chairman of the judiciary subcommittee on education and border safety and serves as a member of the senate committees on budget, environment and pu

. >> $100 million and it is is i brains of m.i.t. who made the assessment to go all the way down to bedrock. j.r.: in 2016, you may remember the homeowner who put this golf ball on the floor of a millennium tower unit and then started rolling, signifying the tilt of the building and leading towards lawsuits. construction work has now been stopped for two weeks to four weeks while engineers work in determining how to solve this issue going forward. with so my people focused on his building, he says he believes it is safe and says he will sleep just fine at night. >> no trouble at all. as a matter of fact, i will be sleeping better because i know it will not be too long before someone offers me a lot more than we pay for it. >> while there has been tilting, there's been no material harm to the actual building. it remains fully safe. j.r. stone, abc 7 news. ama: abc 7 news confirmed the cdc is working on establishing a timeline to prioritize specific groups to get covid-19 booster shots but how long should we wait in between doses? step

. >> after graduating from m.i.t.as elected daily city council where he served as the youngest council president nla history. and provided citywide leadership at critical times, including serving as acting mayor during the tragedies of september 11. he was elected to the state senate in 2006 to represent the more than 1.1 million people in the central valley. as a state center -- senator he passed 70 bills. he was named as one of sacramento's most respected legislators. padilla served as california's first latina secretary of state and was reelected in 2018, receiving the most votes of any latino elected official in the u.s. as secretary of state, he worked to make our elections more accessible and inclusive while fighting to protect the integrity of our voting system. as california's junior u.s. senator, he serves as the chairman of the judiciary subcommittee on immigration, citizenship, and border safety. he also serves as a member of the senate committee on budget, environment, and public works. homeland security a

he spent three years or so teaching classes at m.i.t. about cryptocurrency, blockchain technology.has thought a lot about this space. this technology. we heard from him specifically was while he has an affinity towards the technology anything for a lot of intent -- a lot of potential there, he is focused on investor protection when it comes to cryptocurrency. and, he thinks there are a lot of gaps. one thing he pointed to specifically was the crypto exchanges. also, a decentralized platform for cryptocurrencies trade. he says maybe even congress needs to step in here. giving potential some -- getting potentially more authority. right now, at least seven different initiatives. how crypto assets are dealt with in terms of custody. a bitcoin etf at some point. everything in between. we should expect a comprehensive regulatory framework here. emily: gensler says i have asked the staff to use all the authorities to uncover any wrongdoing. currently considering. not only are they highly speculative asset class but the investor protection afforded to you, they are not all enthusiasts, reg

he wants, class at m.i.t. called blockchain and money and that could be a game changer.open the small crypto world to the 6 trillion etf universe. in other words, watch this space. this is it decrypted. for more like this, follow us on your favorite platforms. emily: thank you. bitcoin bounced around $50,000. all anyone in the digital asset world talk about our nft's. non-fungible tokens allow owners of art collectibles contract ownership and are fading from resurgence. open see as the world's biggest nft marketplace and expect a billion dollars in transaction volume this month, up from $8 million in january. the cfo joins us now. talk about what is driving this growth. petty get from 8 million to a billion in six months? >> thank you for having me on the shell. we are actually at $2.3 million in trading volume in august. it is a really exciting time for nft's. from our perspective and fts have been around since 2017 and this recent surge in excitement is really the accumulation of a lot of hard work from a lot of companies in the space. there is art, collectible, virtua

we make jokes about it, taylor, but i remember at least a decade ago talking to a guy from m.i.t.watch the gulf of mexico. taylor: do not even get me started on california, where we have fires and droughts and you name it. we cannot even get water. it is certainly not regional exclusively to the gulf. tom: kevin mccarthy may be speaker of the house here with a republican majority, and that goes, taylor, to the idea of water in california, as big a deal as water in louisiana. taylor: tom, water is the only commodity we are not pricing in the markets. i cannot figure it out. a huge debate in california. tom: i have studied it and studied it. we have done three years on this, and it is truly a great, great mystery, the pricing, the microeconomics, we should say the price theory of water. taylor, we will have you back tomorrow. tom: dow futures up 20. stay with us for an important conversation with the gentleman from stamford, michael baskin, at the 12:00 hour. this is bloomberg. good morning. ♪ in business, it's ner just another day. 's the big sale, or the big presentation. the day

. >>> m.i.t. updated the matrix in the living wage calculator, which is what you need to make to make ends meet dependinging on what county you live in. if you live in san francisco and are single, it's $28 an hour. in alameda and contra costa county, it's now a little under $22 an hour. >>> and then aid slowly trickling into the area in haiti, and a u.s. navy warship is on its way to provide relief. 2,000 people died with 300 still missing. >>> hurricane grace is expected to make landfall today on the caribbean coast. this is now a category 1 storm. the u.s. national hurricane center says grace has winds of up to 80 miles per hour and could get even stronger before making landfall. >> those people really need a break. you can see the conditions there still pretty soggy. vianey joins us now. you have been keeping track on this as well. >> i have. the national hurricane center says it's making its approach to yucatan, mexico. this is what we are seeing when it comes to hurricane grace. as of 18 min

he went to canada and got a degree and came to m.i.t. and got a phd and started companies.arted 76 companies and many of them have been fabulous lee's successful. he is now running -- fabulously successful. moderna is by far the most successful. tom: how can guys like you compete with guys like him for intellectual excellence. doesn't he have the upper hand over private equity and other sources of venture capital? david: there is no doubt people who are immigrants often tend to be very hard-working and very smart and they are the leaders of many of the entrepreneurial ventures. on the other hand private equity people are investing with him and alongside him. i would not say it is competitive but there is no doubt he is a unique force. he is now running this venture operation which creates companies like moderna. moderna has increased in value about 100 times from the initial money he put in. it is up 100 times since then. he is giving away a lot of his money to various causes, including immigration related things and helping armenia. he is very interested in biotech. lisa:

somebody teaching classes on the subjects at m.i.t. last year.e hand, it is great to have more crypto expertise. but, it doesn't necessarily mean people are going to be thrilled with the outcomes of the decisions. as an investor, is looking broadly, do we think crypto is going away? no. it is going to become harder and harder, likely in the u.s., the answer is yes. i think that is also why you see these recent large fund races. which is an american founded company. kailey: this doesn't just relate to bitcoin, but many stocks tied to it. coinbase is one of them. how do you invest in equity that is so heavily tied to an asset class that many would say is completely disconnected from fundamentals? >> at the end of the day, the fundamental that matters is you want to buy low and sell high. while crypto is largely uncorrelated to the rest of the market, that is not necessarily a bad thing. it is just following, to a large extent, the price. because that has a large impact on the price of stock. amanda: to kailey's point here, we know there is a massiv

he talked at m.i.t. about this. the other side is crypto. and digital assets.of the more secure ones in terms of bitcoin, but people trying to raise money for projects as if they were selling stock. as it comes to the sec and their responsibility is essentially looking at something as an investment or stock. technology neutral is what he is focused on. if you're trying to do a project, it he is saying it is a security. matt: if you found a way to hide, to be anonymous and the blockchain, you could be a gazillion air. it is the least likely place you can hide. it is completely public. everyone can see the ledger. if you want to hide, do cash not crypto. bloomberg's been bain. you can see a slew of all of these deep dives. from and allying, i am matt miller and this is boebert. mark: new york governor andrew cuomo is maintaining his innocence in the wake of a report by the state attorney general that found he sexually harassed multiple women and created a "climate of fear." >> i want you to know directly from me that i never touched anyone inappropriately, or mad

m.i.t. discovered this years ago around how proximity can create distance very quickly so we think about this virtual environment and we are not co-located so researchers practitioners and technology experts started to look at this a very long time ago to determine how do you even define trust and what type of trust is at? so enter what i write about in the book "remote work revolution" the trusting curve and in the trusting curve i portray the two types of trust that are really important to maintain in a remote environment. the first one is called cognitive trust difficult to remember and very easy to implement. cognitive trust speaks to the understanding of two things that allow us to defer trust to others. if we stand determined that someone is dependable that is 100% knowable you can figure out if someone is dependable. you can ask in you can watch. if you can determine if someone is qualified or has the competence that we need, completely knowable, discernible than we should conferred t

. >>> m.i.t. is providing updated answers to critical questions of what it costs to make it in the bay. the matrix boils down to what you need to earn to make ends meet. if you live in san francisco and you are single, it's now $28 an hour. single with a child in san francisco, you have to double that. santa clara numbers have similar numbers to san francisco. in alameda and contra costa counties, it's a little under $22 an hour. >>> gavin newsom sold his mid century mansion in may. he lived back in the home in 2011. the home has views of mount tam and of the bay and comes with a pool, spa and olive trees. the asking price was nearly $6 million. >> wow, so it's a fixer-upper. crazy. >> yeah, starter home. >> if you are lucky enough. but the forecast is free. that's a nice thing. >> is it. >> i am convinced they charge high rent because of the sunshine we get -- >> yeah, we pay in rent. >> yeah, we want a discount for the haze. we are going to be seeing temperatures in the 70s and 80s. 82 degrees i

this was a company started by an m.i.t.ymath super genius right around the same time elon musk was putting out his roadster. why has this taken 10 years to get a production model out the door? ed: we have written about this and i hear from sources, often, rj is the smartest person in the room. most people accept that. but what i hear from tesla alumni who now work at rivian, rj takes a much more careful approach. he wants to learn from the lessons that tesla learned in 2018 with the model 3 production. he wants to do things deliberately slowly. they only unveiled a pickup truck in november 2018 at the l.a. autoshow. they have been in stealth mode seven years before that. in the last 12 months, they have definitely been hit by covid, supply chain issues. it has delayed in them numerous times from their initial target. matt: we are still looking to see maybe 100 deliveries next month, as i learned from your piece. i will recommend to our viewers that they go on bloomberg.com/h yperdrive and subscribe. there are a slew of truc

tom: i look at the idea of growth and poverty and the foundation of this is robert solow at m.i.t.tudy of growth over the years. the elephant in the room is technology and its advantages. generally process technology over to relieve poverty, or is the benefits of technology the benefits of the elite? esther: another thing robert solow told us is technology -- what we call technology is what we are not good at measuring. for the second thesis, we do not know whether it helps our hurts. if we have new machines that replace workers -- it happened during the industrial revolution, it is happening again today. there is no big law that says workers will necessarily find another job and there is no big law of economics that says they will not. it depends on whether they are helped him a whether they are accompanied, whether they are trained in new technology. there is massive role for policy and for policymaking to accompany the process of the diverging of technology and to make it a force for good as opposed to a force for destruction. lisa: a perfect example is the technology we have se

. >> reporter: students at m.i.t.ange on mint for colgate and warned risk mitigation beyond the five-year plan and move to a 20-year plan apple will cut emissions to net zero by 2030 >> they looare looking at suppl chain partners and lowering risk to the disruption in the supply chain. >> reporter: now right now the top strategies to mitigate supply chain risk are bridging and bufferering. bridging the gap to make sure communication is strong and buffering supplies which means having some amount of products in reserve and having back-up suppliers should main ones fail. brian. >> buffering a fancy word it seems buffering might mean there is big pop in places to store stuff that may not necessarily be at risk for certain things that you talked about from the climate there has to be -- we talked about housing. is it a warehouse boom >> reporter: i hate to say i'll bring it back to real estate warehousing is my world in commercial real estate the least sexy sector in real estate the boom in warehousing because of the chan

tom: coming up, we will catch up with the nobel prize-winning economist and m.i.t. professor. tom keene and lisa abramowicz, i'm jonathan ferro. your equity market unchanged. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. apple's next iphone lineup will get at least three major new camera and video recording features. the company is betting that will entice buyers to upgrade from earlier models. in addition to the camera and video upgrades, they will have a faster chip speed and new technology. it is a specter to go on sale in the next few weeks. the u.s. senate is moving faster to pass that 560 billion dollars -- that $560 billion infrastructure bill. democrats choose to advance a bigger package without public and support. the volume of goods sold in stores and online grew 6.4% compared to last year. consumers fitted their spending towards entertainment and social gatherings and away from indoor shopping. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm r

is ok, but he gets to wake up every day and talk to jesse edgerton and peter mccoy with parts from m.i.tley. that is pretty cool. they have a tour de force with cosman on brent -- kasman on rent. when you sit down with edgerton and mccoy, what did you learn about rent in america? bruce: well, i think the story there is an addition to the underlying pressure from the pandemic recovery, there is a relative mismatch in where the supply is, and that we should respect -- expect rental price inflation to be a pressure point for some time to come, even after the temporary forces around the pandemic that began to fade. so there is a pressure here that goes well into 2022 and maybe even on inflation coming from rental price inflation. tom: on a trend basis, does that rental increase get us back beneath original trend, pre-pandemic trend? does it get us back on trend, or do edgerton and mccoy say we extend out to a new higher level of rent game? bruce: i think that is up for debate, but the fed continuing for fiscal policy support coming in with the fundamental to the housing market, all positive.

new research from m.i.t.hows a 50% increase in the number of nonunion workers who would vote to join a union tomorrow if given the opportunity. tens of millions of workers are ready to experience the transformational power of collective bargaining. in many cases all that stands in the way is a rigged system. let me be clear. the supreme court is on the wrong side of history. what they did flies in the face of where america is headed, where workers want to go, and where workers need to go. it shows exactly how out of touch they are with the real america that is out there. workers are demanding a voice. we are standing up and speaking out for a better life. we are demanding a fair share of the wealth we helped create. we are marching and organizing and we are bargaining. we simply will not allow a corporate controlled supreme court to stop us from doing our job. amy: afl-cio president richard trumka speaking in 2018. he died thursday at the age of 72. to talk more about his life and legacy we are joined by two

charles, and a longtime friend of the center is the distinguished professor of political science at m.i.t. where he has taught since 1985. he is also a fellow of the american academy of arts and sciences in addition to the two books i've already mentioned charles is also the author of a wonderful textbook analyzing congress, an editor with garrison nelson of an indispensable two-volume committees in the united states congress. . thank you very much for being here with us today, charles, and letting us host you. we should have a few minutes for q and a after the presentation, but before you ask a question, please raise your hand so we can pass the microphone and you can be heard. thank you, charles. >> thanks, richard. it's great to be here. as richard was saying, a few months ago i was going to give a talk about senate elections about the 17th amendment right as john boehner was eventually swept off the stage, and i suggested to richard that, well, maybe i should talk about speaker elections. he said no, why don't you talk about the senate as advertised, but you can come back next year so

he taught a class at m.i.t.nows about it but seems to be paying close attention. >> i did not know that so basically his cake is you could run but you cannot hide. speaking of hiding and running and block chain as well, mckenzie, you cover crypto for cnbc.com and bitcoin was the first defy applications, the idea that you could hold and send value anywhere in the world thanks to an electronic ledger that keeps track of everything but right now it is virtually impossible to live off of bitcoin. do people believe that that will change, that it will barometer just a more prevalent part of our daily lives and are you starting to see maybe this legacy companies whether it is in the credit card space or banks going ahead first into this area to make that possible? >> yeah, so a big trend that we're seeing and the world of crypto is people acquiring bitcoin and other digital currencies through earnings rather than buying it out right and they're doing that by swiping their credit card. so you have visa that is partnered

. >> reporter: students at m.i.t.d a study on theesques of climate change on mint for colgate palmolive and recommend the compabegin in ris mitigation moving to a 20-year plan meantime, net zero by 2030. >> they're taking a hard look at all their supply chain partners, trying to find ways to cut emissions that they generate but also dramatically lowering their risks to disruptions in the energy supply, for example. >> reporter: right now the top strategies to mitigate supply chain risk are so-called bridging and buffering bridging the gap with suppliers to make sure communication is strong during a climate crisis and then buffering current supplies that means having some amount of products in reserve as a buffer and having backup suppliers, should the main ones fall? tyler? >> with buffer ing, how would they be able to store that much supply >> reporter: it's another run on warehouses, like we saw with e-commerce, we could see another run due to climate change where companies need to store a lot more of their products

he teaches or taught blockchain at m.i.t. or another, we have an expert there running the sec. there's a crackdown on it in the infrastructure bill. washington is paying attention and there may be a lot of changes. >> remember when it came out years and years ago. >> less than a penny. >> yes. >> we didn't buy any. >> i remember that. >> okay. >> thanks. >> oh, man. we have to keep working. >> 6:20. early bird christmas shopping already happening. experts say that you may want to start checking off your list now. you ask why. that's because those toy companies are facing global shipping distributions due to the pandemic. the average cost of shipping a container from china has jumped 500%. that means that those shoppers will likely soon see higher prices. >> those little elves will be busy. trending, fans of the weekend have an olympic-sized thing to look forward to. >> the singer's song drops friday and he has some major athletic support. take a look. >> we wouldn't have the world record if it wasn't the two of us compete. >>

everybody thought gary gents letter was going to be the golden boy for bitcoin he taught crypto at m.i.t. therefore he gets it no what gensler has done is intelligent. first he said i am in favor of financial innovation, and he's been very bullish on that. he's pointed out i am now head of the s.e.c., which is a large of protecting consumers. it was founded to do that, protect them from fraud and misrepresentation. and the crypto exchanges, there's been a lot of problems with that. so, gensler has come out very cleverly and said, yes, financial innovation, however, i have no control over the regulatory structure of these crypto exchanges i need that. and he's basically gone to congress and said, will you clarify this for me, will you help me out either with legislation or clarification or an understanding now he's also gone a little further. he said and implied that he would look favorably upon a bitcoin futures etf. what's the difference? a bitcoin futures etf is not based on bitcoin it's based on bitcoin futures. yes, there is a relationship, but bitcoin futures are a regulated market

m.i.t. did a study, and 60 million workers would form a union today if they felt like they were free to do so, because right now, you know workers are intimidated and harassed when they try to form a union. including half the tech workforce, which was sort of surprising that half the tech workforce actually is interested in joining unions. 60 million workers want in. why isn't the labor movement growing? that is the question. because the rules are broken. today in america, it is easier for a corporation to stop a union than it is for a worker to form one. and that is why we need the pro-act, now known as the richard trumka proactive. and the public sector proactive right alongside it. the pro-act is the center of our agenda and these are the policies we voted for in the 2020 election. we are putting our full might of the movement into voting rights, the john lewis voting rights act and the for the people act. we are championing the budget resolution with childcare tax credits. and the first

he taught cryptocurrency and blockchain at m.i.t. we have an expert there running the sec. huge day for rocket scientists at boeing. a rocket that competes with spacex and its dragon, except boeing's never put people in its capsule and not going to today either during a test flight because boeing hasn't been able to get starliner to work right. a previous test failed badly. nasa will be watching today. meanwhile, spacex is taking astronauts to the international space station three separate times. nasa pays for these rides so boeing is understandingbly they want in on the action and need to get everything working as well as spacex has got things working. obviously the boeing scientists are good, make nice airplanes and been involved with the u.s. space program for a long time. >> right. >> launch should be around 11:00 our time. unmanned, but if this doesn't work, nasa will say this isn't somewhere we want to go. >>> trending this morning, a look at the latest version of "middle earth." two decades after the trilogy, amazon has just finished filming a new lord of the rings s

very fortunate to meet my future wife, now my wife while we were both attending graduate school at m.i.turban planning. so this is her hometown. so, we fell in love and moved to her city. [♪♪♪] [♪♪♪] >> i was introduced to this part of town while working on a campaign for gavin, who is running for mayor. i was one of the organizers out here and i met the people and i fell in love with them in the neighborhood. so it also was a place in the city that at the time that i could afford to buy a home and i wanted to own my own home. this is where we laid down our roots like many people in this neighborhood and we started our family and this is where we are going to be. i mean we are the part of san francisco. it's the two neighborhoods with the most children under the age of 18. everybody likes to talk about how san francisco is not family-friendly, there are not a lot of children and families. we have predominately single family homes. as i said, people move here to buy their first home, maybe with multiple family members or multiple families in the same home and they laid down their roots. [

reporter: to visualize the ways schools can help curb transmission "gma investigates" teamed up with m.i.tad in a classroom of unmasked students. >> if we're not wearing a mask the contamination is building up for hours. but there are simple measures when we bring in fresh air. >> reporter: she explains the open door and window increased the air flow. that helps clear the air out of the room. she issues a warning about creating hot zones in the classroom. >> it's very important when we do that to not have a student sitting right next to the inlet of fresh air, for example, because if that person turned out to be infected that could be a problem. >> reporter: she advises against placing students near the exit point as well because that one student could be exposed to particles from the whole class and she says those plastic dividers that put students in individual pods may do more harm than good. >> we are keeping the particulates longer in that room because we're hindering the air flow mixing we want to create. >> reporter: she suggests staggering the desks so the student is not in front o