microstrategy is on a roller coaster, has been since august of 2020.n august of 2020 we had to make a choice or face the inevitable see dent into economic misery. what's the result of that choice we put $425 million of our cash into bitcoin at that time. we've been buying bitcoin ever since. here's the result for our shareholders our stock is up 38% as of close of market yesterday. and the doldrums of the crypto crash. bitcoin's up 33% the s&p was 12%. nasdaq lost 6% gold's down 16%. bonds are down 21% microstrategy's performance beats every big tech company we beat apple, google, microsoft, amazon and netflix. so, yeah, it's a roller coaster, but our shareholders are winning. and we're going to stick with that strategy because it's working for us and our conviction is steadfast. >> right we've had this conversation a number of times. and your answer hasn't changed but you are leveraging a noncash flowing asset, michael i mean, leverage is dangerous. i don't need to tell you that. so, to bring everybody up to date on where you stand on that and how you

microstrategy up 5%.own double digit yesterday >>> let's get a check of the top stories with silvana henao. >> more wall street firms are joining those cutting jobs barclays is eliminating positions across its investment banking group. it says 200 jobs will be cut an reductions started this week this comes after citigroup let go of 50 traders this week the firm cutting dozens of banking roles amid slumping deal making activity. >>> apple hiring a former facebook executive to lead the information systems group. according to bloomberg, timothy campos will lead the group which leads the infrastructure on the online services and customer support. campos co-founded a calendar startup which was purchased by slack and salesforce. >>> and president biden questioning the relationship between elon musk and other countries. he asked if musk is a threat to security biden says the tesla ceo and twitter owners cooperation and relationship with other countries is worthy of being looked at adding he was not suggesting mu

start with microstrategy. lauren: they're down, down in a big way. related names are down sharply. there is a report that ftx pushed lender block 5:00 to push for bankruptcy protection. with that major layoffs are being announced as well. look at draftkings and penn entertainment, unfortunately they're down too by 3%. jpmorgan turned bearish. they say profitability for these online sports betting names is aways off. finally tesla, they are a winner, at least, yes, yes, up 3/4 of 1%. but they're up. there is a report that they're developing this revamped model 3 and they will start production on it in a year. it is code named high land and they will redesign it, particularly the interior, so more affordable for them to make. hopefully more affordable to purchase. i think the model 3 starts $47,000 at the top of my head? ashley: not cheap. good stuff, lauren. thank you. >>> now this, credit card applications are on the rise as we head into the holiday shopping season. this despite of course record high interest rates. gerri willis joins me this morning

microstrategy executive chairman, bit coin ultrabull, michael saylor shares husband thoughts on the ftxt and where it goes from here. no one has a bigger bet than he does next. >> charles payne, you are a great american. we to each other you once served our military and you're a dad, a granddad you still look 30. happy birthday, charles payne,rc whoo-hoo. thank you, liberty mutual. now, contestants ready? go! why? why? only pay for what you need. ♪ liberty. liberty. liberty. liberty.♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. (kari) i just switched to verizon business unlimited. it is just right for my little business. (jeni) we switched, too. (kari) unlimited premium data. unlimited hotspot data. my point of sale is on point. (vo) switch to verizon business unlimited today. from the network america relies on. i'm so glad we did this. i'm so glad we did this. i'm so g

soon >> thank you >>> we're going to have a lot more on the moves we're seeing in crypto when microstrategiesins us tomorrow on "squawk on the street." that's going to happen at 1:30 a.m. eastern time. dow's down 200 "tech check" is back in a moment - yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing. just look around. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital a

assets into crypto as an asset class, so when you see coinbase, riot blockchain, marathon digital, microstrategyn 60%, 70%, 80% on the year and a lot of people having 1 to 5% of their assets, it does have a knock-on effect we dropped yesterday when this meltdown was occurring there's a lot of people in crypto etfs. this is bitcoin futures, launched with great fanfare a year ago, down 75% 1 to 5%, even at 75% that's not nothing finally, gijust a comment on th elections and the market we'll get some gridlock in the house but remember something if the democrats hold on to the senate and it looks like there's a chance they will, they still confirm the nominees for regulatory agencies, carl. i mean, that means the fcc and fdic confirmations they still control that. that is very important policy implications for the stock market one winner might be gary gentzler here. remember, gensler has been very vocal about all this i can't help but think he's facing potential harassment in the house for sure from the republicans, carl, but remember, this bitcoin debacle or this debacle yesterday with ftx, you kno

. >> i think we want to -- mstr often comes on microstrategy >> he's a very good spokesman for bitcoinavid blaine. >> he sewed your tongue -- >> he sewed dr. oz's mouth dr. oz back then, they weren't doing any cardiology what you got there >> i'm still trying to figure out what serum tokens are. >> well, david, i gave you some fabulous tokens and you completely ignored me. we have to go to carl, but i really think you should focus on the ones that i talked about because they are the blue chips of the -- it's not a joke. >> it's not funny. it really isn't. >> it's not funny. people have these. >> the president did make some additional headlines in the q&a speaking in bali kayla tausche has all those headlines. good morning, kayla. >> good morning, carl. at the top of this show, you heard the president say that he does not expect a new cold war in the indo-pacific. he does not see any imminent action by china to take taiwan, and he said that the outcome of the u.s. midterms was essentially proof positive that the u.s. agenda on the world stage is strong and is ready to get back down to b