mastercard forecast that number shifts to 17% of all sales after the recovery we believe the digitaly, but some people will return to retailers online electronics surged, but ma mastercard says a small percentage increase. no change for hardware sales despite record sales in recent quarters impo for more, the chief economist for mastercard is with us. >> good morning, brian >> first question, the 9$900 billion spending in ecommerce through 2021 and the recovery and beyond >> $900 billion is a staggering number $900 billion of additional spending that mastercard econo economists says will stick around for 2021 and beyond in 202, we saw 1 in 5 retail dollars spent online that really is a big number. that talks to the significant shift from consumer spending online, but businesses shifting online it was universal early adopters benefitting early on it varied by sector. that is the big picture. >> we talk about digital picture here on cnbc during the peak pandemic, online sales doubling you look at sectors and many go back to normal after we get to the recovery or post pandemic or new no

there's a boost from mastercard.olland with co-founder and general partner arian simone for more. frank? >> thank you welcome back erin, thank you for being here and congratulations on the funding. >> thank you so much and thank you for having me. thank you for having me. >> so kelly just touched on the state of venture capital funding with less than 1% funding going start-ups. according to your research only a fraction of that 1% goes to black female start-ups can you talk about what this funding is going to do to help you change that trend? >> that's correct. currently right now black women receive .006 pfrz venture funding. in addition to the fact that the industry on the investing side is 80% white males it is not a lack of diverse investment it is a lack of diverse investors. we have the change the landscape of what the investors look like in order to change what the investments look like. mastercard investments is doing just that. we have amazing institutional investors on board and that's what's going to help

the way it works, we partnered with mastercard and will be issuing this gemini credit card a bit laterwhat is great about it is that users are able to earn crypto on every swipe that they make, every charge they make, they are able to earn crypto as a reward. so instead of frequent flyer miles or hotel points, they are earning crypto. emily: you pay in traditional credit, traditional money, but you earn crypto and return, is that right? noah: exactly. what is great about it is it allows people who are crypto curious, for those users, this is a great way to passively get exposure without changing their behavior. they continue to use the card when they would use it, and they will start earning bitcoin or the other cryptos we have. emily: you can choose from any of 30 different cryptocurrencies available on gemini. talk to us about the interest, 140,000 people. what are you hearing from consumers and interested parties about what is attracting them? noah: absolutely. when we announced it, we opened the waitlist and we have 140 thousand people on the waitlist to date, although, since we an

the fact that mastercard was on this is interesting. it's going to keep going up.s option. you joust lost money >> what this story is about is the slow march of bitcoin. we know what money is. it's a means of payment and a store of value this is about the slow march towards that they will allow -- they're talking about allowing the use of crypto currency now you're talking about the possibility of acceptable means of payment it's silly but it's about a slow march. >> if you want 3% bitcoin buy it yourself don't spend 200 sdlr on the card >> everything is trying to be dot com. everything is trying to be crypto now then five years later nobody wanted to talk about dot com i don't think crypto is going away bittoin clearly here to stay >> tesla did sell 10% of it ts bitcoin portfolio. that means kind of more money selling the bitcoin than selling the actual cars. uf to figure out what's going on and the bulls can point to the automotive side and say profit margins are up but the order book is growing and this model 3 is the best selling luxury car in the world and the

and one of the ways that they had consistently marked cards was they created what they call a mastercard, which showed all the marks in a contrasting color that they would use when they marked a deck of cards. and we have a fan deck here that shows where the marks on the card. we also have edgework here. if the card on the left, if you notice, has a pointed edge, which indicates that's an ace. and the card next to it has a slight bump on the design by the upper left-hand corner and that indicates it's a king. so, if you actually go down all these cards and look at the marks, you have ace, king, queen, jack, ten. we have a card cutter here, which was a traditional device for marking cards, shortening a side of a card. and we also have a corner rounder because once you trim a card, the round edge of the card is destroyed, so you have to put a round corner back on the card. we have a number of different things, including one of the last 1961 blue books from the kansas city card company. the issue of cheating in gaming was largely resolved beginning in the 1940s when the state of nevada beca

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because now, each time you order online or tap in-store with your mastercard at restaurants and grocerynd up to cancer, one precious cent at a time, up to 5 million dollars. together, we can start something priceless. >>> joe mentioned this earlier in our show today. take a look at crude oil it's down nearly 6%. it's below $60 a barrel right now. something to keep an eye on as we follow a big market day in terms of the dow and the s&p 500. both hitting new record highs. the investment committee answering your questions now brynn, transition spac can i please got your thoughts on that? it's set to merge with stem. what do you recommend for the long term in. >> i have a small position in this stock it will issue ipo in the second quarter under the ticker stem. it will be a pure play in the emer energy space i own it the stock could go lower in the short term i would wait to establish gnaw position once the ipo is behind them it could be a huge winner over the next few years it's real company. >> degus, leleslie, what's up wh merck? >> leslie, we sold merck last month because of two head w

tillman, thanks as always for being with us we appreciate it >>> so interest, bitcoin displacing mastercard visa. >> wow yeah >>> big moves. let's get to the bond market rick santelli tracking the action rick >> yes, at 162, up five basis points if anybody recalls, this one xwrufd, but here's an intraday of tens. the intraday one we traded above 152, we have yet to close below it, so and how and which side we close on, if we close above it back to you. >> well, it's not just tech heavyweights boeing is up next our traders weigh in on the big industrial stocks. jetblue says demand is returning. look at that, up 38% since jan 1. we'll rhtac beig bk. beig bk. tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into y

because now, each time you order online or tap in-store with your mastercard at restaurants and grocery stores, mastercard will donate to stand up to cancer, one precious cent at a time, up to 5 million dollars. together, we can start something priceless. we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers to enable the kind of technology that can guide an astronaut back to safety. and help make a hospital come to you, instead of you going to it. so when it comes to your business, you know we'll stop at nothing. >>> the optimism obviously, continued reopening and the start of a new quarter leading to strength in future, the final day of a holiday-shortened week. the opening bell in about seven minutes. everyone wakes up every morning to a world that must keep turning. the world can't stop, so neither can we. because the things we make, help make the world go round. they make it cleaner, healthier, and more connected. it's what we build that keeps things moving forward. so with every turn, we'll keep buildi

mastercard created a carbon calculator so customers can see how much their spending habits contributebon emissions and global warming. this tool calculates based on categories using average numbers for industries like food and clothing. in january mastercard joined a growing list of major companies promising to reach net zero emissions by 2050. >>> golfer hideki matsuyma making history for japan with his victory at the masters. coy wire has this morning's "bleacher report." what a win! >> reporter: a new era of golf has dawned in the land of the rising sun thanks to hideki matsuyma. no japanese man had won a major. he started the day with a commanding four shot lead. i was less than 10 feet away from him at the first tee. i can't imagine he wasn't thinking about how massive of a win it would be. he continued to distance himself from the chasing pack. in the end he held on to win by one shot. 10 years ago, he finished as the leading amateur at augusta national. now he'll forever return as a masters champ. i asked him after wards what it means to be an inspiration to kids across japan a

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mastercard right now up a third of a percent. bitcoin, of course, taking the lead on big business is and its growing adoption of cryptocurrencies, but what about the other virtual currencies and tokens? are they feeling the same love and acceptance? well, the ripple ceo knows how that goes as the sec has filed suit against its xrp token. he's joining us coming up. don't go away, i you've got to hear brad garlic house and how he plans to continue the fight here. dow is now up 35 points. we're really watching that s&p s&p though, hugging the flat line. we're coming right back. ♪ ♪ they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq before voltaren arthritis pain gel, my husband would have been on the sidelines. but not anymore! an al

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we're seeing visa and mastercard trying to figure out how to add bitcoin to their payment networks, butf new york is going to be offering custody service the way it does for stocks and bonds. and, i mean, part of this is just good business sense on their part. they could charge more for it, but it also shows that corporate america is preparing for a day when bitcoin and other cryptocurrencies are more a part of mainstream life. jack: i think 0.04% of bitcoin, if it goes to 0, it's not going to hurt too much. could bebase coming up on april -- coinbase coming up on april 4th, and not only do they have more revenue or at least they're on track to have more than the nasdaq in this calendar year, but the value of that■ç company could be approaching that of goldman saks. >> it's pretty amazing. this is not like an ipo that's coming out that doesn't make money. they are actually profitable. they could have a profit during the first quarter and a lot of revenue as well. i think first quarter is supposed to be around $1.8 billion. but that valuation is just amazing. it assumes that coinbase bec

. >> michael froman heads strategic growth at mastercard, adjust capital bellwether, taking a multifacetede. from launching a sustainable card materials directly, resulting in the issuance of 15 million cards made of sustainable materials, to just this year pledging net zero emissions by 2050. >> every company will have its own way of making a contribution i urge all of them to do so. >> a call to action grove says he's encourage bide. >> one of the things that makes me most optimistic is the power of human beings to make massive progress >> mastercard isn't the only large public company making strides to curb climate change a few other just capital notable mentions, dell, a high scorer when it comes to its use of sustainable packaging and its product recycling programs ibm uses wind power, and has also committed to net zero greenhouse gas emissions by 2030, and microsoft has pledged to be carbon negative by 2030. that means the software giant will be removing carbon from the atmosphere in just under a decade shep >> diana, thanks >> the next big compromise for congress to hash out how to

>>> before we go mastercard is helping you be more eco- friendly.ompany has created a calculator to understand how your spending habits can contribute to carbon emissions. >> that is actually confusion captioning sponsored by cbs >> o'donnell: tonight as we come on the air, we're following several big stories about police encounters and racial injustice, including a fatal shooting of a 20-year-old with the police saying it was an accident. body cam video shows the fatal mix-up in minnesota, an officer fires her gun instead of her taser just miles away from where former officer derek chauvin is on trial for the murder of george floyd. national guard troops have are sent into minnieapolis, a curfew in place tonight. tearful testimony. >> mol

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there's a lot of talk about russia being disconnected from western payment systems including visa and mastercard will that happen if you do this quickly please. very quickly i think it will probably happen the visa master card will essentially cut off russian they won't be able to process of them anymore there's another way through a company called mirror that russia is able to do that but i think the real story here this goes back to cryptocurrency right the swift banking system u.s. can clobber a lot of people with that well crypto currency to get around that crypto actually gets around a lot of these these financial tools that have been used to cut off western banking to cut off access to international banks i think that's why the chinese and the russians are leading the world in terms of moving to a digital currency just like venezuela did just like iran is looking at once you get digital currencies into the mix you eliminate many of those traditional tools that banks have used and the u.s. is used in order to control global finance an investigative journalist bence one thank you so much for

dollar and visa and mastercard.ple will use bitcoin may be as an investment vehicle, but stable coins and other currencies are actually spending on lines for credit cards which are much more risky. caroline: spending the doge. bitpay chief commercial officer, sonny singh. thank you. china is expanding the entree trust crackdown -- antitrust crackdown. beijing has become insurgent -- concerned over the growing influence of tech companies like alibaba and plenty others over every aspect of chinese life. coming up, apple plans to invest $430 billion over five years, creating 20,000 jobs and building a new campus in the tar heel state. speaking of apple, reproving earnings this wednesday, the fiscal fourth-quarter earnings reports might be a hard act to follow. all this week, we have got you covered. this is bloomberg. ♪ caroline: apple doubling down on its u.s. investments, announcing a $430 billion plan to generate 20,000 jobs and a new sprawling east coast campus. mark gurman joins us now to dig into what was -- what

the sec tor is up nearly 10% other names include visa, mastercard, starbucks, boeing, mcdonald's oil prices are up 15% over the past three months. the fed meeting kicks off on tuesday with a rate decision announced wednesday. plus endevor is said to go public valuing itself at $10 billion in the latest filing. pending home sales will give us a look at allow tight the housing market is. tesla will report earnings on monday a week after its technology comes into question after a deadly crash investors will be paying close attention to elon musk commentary that's youfrayasfoarr id ft rwd. it's hard to hope, hard to cope with crisis. so we get to work. we mend, fighting for every person in every neighborhood; we, the coming of the common good. so dare to care, to be hope-sided. we're never divided, when we live to give, we always live united. >>> welcome back let geets you up on a couple of stories. it's time for rapid fire he's the chief investment officer of seymour office management first topic. it's a good time to be a driver for uber or lyft they are upping wages to more than 40 buc

and if mastercard said we are not banning abortion, but if you have an abortion you can't have a creditwood says you can't stay in our hotels. someone says wait a second, you are effectively forcing us to make a decision by the medical procedure and it's our body and our choice. >> it's been very sad over the past year to see how many people in the united states have voluntarily in the name of safety turned in their neighbors and turned in people who were struggling to try to make a living, people trying to cut hair in their backyard actually tattled on them to authorities. that's the level of culture and the level of fear that is being generated and a lot of our talk corporations have been pushing this from the top to the bottom. now its lending and small businesses and there's actually a transfer of the conservative governments were good government supers back and say, no. if florida has done this already in montana has done this already, no businesses covered by hiba are allowed to demand a vaccine for you. now you will create a patchwork and end up getting some of those older, not s

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in 2020, 10% of americans started using grocery delivery almost tripling the number of 2019, new mastercard trend will continue even after the pandemic walmart is partnering with the startup called home valet and running a pilot program for grocery delivery near walmart's headquarters in arkansas, the boxes can be unlocked by mobile phone or opened up automatically when a delivery arrives. the founders say this new technology also unlocks new business models. >> every grocer, the real value here is they can pick and pack 24/7 and deliver 24/7. >> the real question is how much will consumers pay for this convenience? home valet, they are still figuring that out and trying to figure out the price only for the box, not only for the box but a subscription service. >> and dyno, $400 and yale has boxes that sell for up to $330. >> how big of a problem are stolen package, those porch pirates so to speak? >> it's a big problem. 43% of people say they had a package stolen and the average cost of that stolen package $136 >> it's a big deal for sure. frank, thank you very much big deal for those on th

it's as efficient as swiping your mastercard.hope that the banks disclosed who they are leveraged up against and who they are wanting to. already, collectibles, and ip. these are the office of the next move -- alphas of the next move of bitcoin. how important are an ip to the next generation and evolution of the blockchain? antoni: i don't necessarily love to disagree with him. he's a legend as large as they come. frankly, at this elevated level that we see with non-fungible tokens, i civilly don't get it. i don't get how they get valued. if there's anything akin to a bubble within crypto, i would argue it's within the nft space. whether out of the ashes of a bursting bustle -- bubble that we see right now, we will have some companies or something actually useful come out of it. it remains to be seen. one has to be cautious in the bull cycle with and fts. annmarie: we have the coinbase direct listing coming up. what are your thoughts on that? is it just bullish? is this the first of many to come? antoni: first of all, it's great

because now, each time you order online or tap in-store with your mastercard at restaurants and groceryonate to stand up to cancer, one precious cent at a time, up to 5 million dollars. together, we can start something priceless. >>> welcome back to "squawk on the street." i'm dominic chu. the s&p hitting record levels. a big outperformer the energy sector on the heels of higher oil prices the gains being driven by more bullish inventory data after the u.s. energy department reported weekly crude stockpiles fell by 5.9 million barrels, a bigger draw than expected of the individual stocks gaining, ox accidental help from an upgrade from mkm partners i will send it back to you folks on "squawk on the street." >> all right we are awaiting the first trade for coinbase, ticker coin. here's a look at jay heller, ipo excuse at nasdaq normally pre-covid we would with be checking in with him for indications on big listing days like this. we will watch that closely dow and s&p record high. - [announcer] if you've tried college but never finished, snhu let's you transfer up to 90 credits toward yo

for some of the big tech names payment stocks also higher whether with an app or paypal, squar, mastercard and visa president biden continues to aggressively push the massive infrastructure plan saying yesterday the country must take bold action. all right. we wanted to break it down from two key angles kayla tausche working out how to pay for it and steve liesman answering will it help or hurt the economy? let's start with kayla >> morgan, treasury says it will fully fund the plan by raising $2.5 trillion in revenue over 15 years primarily by raising the corporate tax rate and a minimum tax for firms here and overseas. according to moody's, over ten years a 28% corporate tax to raise $900 billion a 21% global minimum tax to raise $670 billion a minimum tax for those u.s. companies that currently pay none would raise $141 billion and more frequent audits would raise $10 billion. but treasury declined to provide its internal estimates and there's discrepancy between the data and independent estimates treasury says rescinding the fossil fuel tax credits raises $35 billion whereas moody's cal

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dollar in visa and mastercard are in that in a big way.eople will use bitcoin may be as an investment vehicle, but stable coins and other currencies around payment are actually spending outlines with credit cards, which is much more riskier. caroline: spending the doge. bitpay chief commercial officer, sonny singh. great to have your intake, we thank you. meanwhile, china is expanding its antitrust crackdown beyond the technology empire. the government is inspecting monopolistic practices. the food delivery giant in beijing has become concerned over the growing influence of tech companies, such as alibaba and plenty others over every aspect of chinese life. coming up, apple plans to invest $430 billion over five years, creating 20,000 jobs and building a new campus in the tar heel state. details are next. speaking of apple, reproving -- reporting earnings this wednesday, the fiscal fourth-quarter earnings reports might be a hard act to follow. keep it here on bloomberg as the most valuable tech companies report all this week's news. we hav

because now, each time you order online or tap in-store with your mastercard at restaurants and grocery mastercard will donate to stand up to cancer, one precious cent at a time, up to 5 million dollars. together, we can start something priceless. hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. >>> pretty much what the bulls would ask for on a good day. futures are green. retail sales and jobless claims. good q1 earnings and a 10-year yield at 1.60 which is almost a one-month low or so. up omite ia e opening belln colef nus. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company. >>> we are going to squeeze

because now, each time you order online or tap in-store with your mastercard at restaurants and groceryd will donate to stand up to cancer, one precious cent at a time, up to 5 million dollars. together, we can start something priceless. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company. all time high, the company benefitting from inflows into the industrial sector and a broader reopening of the economy. joining us this morning is snap-on's chairman and ceo nick pinchuk. thanks for joining us. >> carl, how are you doing >> doing great and so grateful to talk to you, because i mean what a time for your business, you got the economy reopening, you got the ism manufacturing number, near a four-decade high, and yet all of these

like mastercard and visa are offering this and partnering with people.hanks so much. >>> still ahead, amazon reporting a big beat on the top and bottom lines that stock hitting an all-time high after hours we'll dive into the report, next. >>> april is financial literacy month and cnbc is committed to sharing messages from business and thought leaders about the importance of financial education. here is the president and ceo for the council of economic education, nan morrison. >> currently 21 states have a requirement for personal finance. less than half the states in the country. and we know that when you get financial education in particular for kids from low and moderate income communities, it makes a big difference their savings behavior and how they finance their education so not having requirements is a particularly harmful moment for udtsn e and moderate incom sten ithose communities in our country. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forw

because now, each time you order online or tap in-store with your mastercard at restaurants and groceryd up to cancer, one precious cent at a time, up to 5 million dollars. together, we can start something priceless. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company. keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo . >>> welcome back, it is time for our etf spotlight. the u.s. consumer goods, ticker iyk up more than 50% in the past year, it's up slightly this morning. one of the fund

because now, each time you order online or tap in-store with your mastercard at restaurants and grocerywill donate to stand up to cancer, one precious cent at a time, up to 5 million dollars. together, we can start something priceless. hey frank, our worker's comp insurance is expiring, should we just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? get a quote in 3 minutes at easyaspie.com. wow, that is easy. so, need another reminder? no, no no, i'm good. uh, yes please. oh. ho ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com. >>> even though i'm sort of a pro crypto, pro bitcoin m maximalist person, i wonder if bitcoin should be thought of as a chinese financial weapon against the u.s. it threatens money, but it also threatens the u.s. dollar, and china wants to do things to weaken it. >> that's peter thiel speaking out on bitcoin and china. texas a&m is having a conference, they

but mastercard sits here as the best play in recovering travel and there is just a powerful play on all of that. the last is essentially looking at the gambling industry and las vegas sands. las vegas sands add a duopoly in two of these asian markets, yet their balance sheet is cleaned up and they'll get as good a cyclical pop as anybody. if you take those three names, all of them have great presences, growth, long term, momentum building businesses but they also have this incredible cyclical side that i think is going to fire here and reward investors in both ways. >> neither of you have mentioned the specter of rising taxes. nancy, how do you start thinking about corporate tax rates going to 28% i mean back in the day when corporate taxes were 35%, you know, prior to the 2017 tax legislation, there are a lot of funny things going on. corporations would go overseas there were inversions, et cetera, to escape the tax rates. what should we expect, do you think? >> yeah, i'm concerned about that you probably saw in my notes i think the market has not yet reacted to the probability that we

reas is at there are a nuer of enties outhere puing this- big entities thar-reachg compans like m, mastercardine there also me nprofit entities pushing the sort of more decentralized privacy protected schemes. i think one of the outcomes is we end up with a lot of different systems and we a have to put five difrent apps on our phones. so i think when the white house originally got involved in this, i think that is what they were trying to avoid, that there be one standard here. and so i think that is where we stand. nermeen: could you talk about some people have drawn a comparison between what is being proposed now by way of vaccination certification and the world health organization possible get a card that provides proof of yellow fever vaccinations. of course,hat is a car, not digital. would something like that be safer and more easy to access for more people? >> i think what ever solution is settled upon, there is a unifying solution which may not be the case, has to be simple anpaper. there can be securpaper systems that have, for example, qr codes that use cryptography to prent forgery

the net interest on margins has driven tell higher i do like financial services i like the tucked mastercardan if you look at those top five names that's about a 40% representation we're excited to hear from jpmorgan to set the tone for the earnings season. >> cheryl in your role as a portfolio manager, you're looking for the most effective way to deploy that capital you're looking for the best returns out there. what do you think the macro economical backdrop is we're operating here in the u.s. and by proxy around the world? what does that tell you about where the investments may be coming in say the next six to 12 months >> thank you our macro outlook is very constructive we think that the reopening trade is going to be very important. but we want to focus on companies that have cyclical exposure but not the most extreme cyclical exposure. we're staying away from high expectation of inflation we anticipate we will see supply chain disruption and we will see spikes in prices but we're looking for companies that have exposure to the economy and we're looking for companies that benefit from m

there's so much opportunity you don't know where to point your target at, mastercard, make an expresstop on the etf, why would i do that. >> buying at new highs is never a bad thing. if there any company or etf to make a new high there's another new high, i hear this from other managers and investors i'm scared of the market, i'm scared of the market that's why we trade at a nonemotional system, any pullback in buying opportunity, i think you would be crazy not to be in this market, there's 1.9 trillion thrown into this market, there's so much money throwing around and records amount of cash to fuel this thing higher, it's a great time to be an investor i would not be sitting on the sidelines. liz: you did say if you could invest in one area it would be tech, you just put up the tech names but you say you could do some dividends and we have some bike dv why another ats, to me i know the answer but i want to to a chicken late. >> you cannot move forward without tech, you cannot move anything with technology, their coming out was fantastic product, amazon for nine months is getting read