sonali: what is a difference of buying into microstrategy or buying into an etf?t is the big debate on our desk, if you want to expose yourself to bitcoin why not by the etf and letting michael saylor whose company generates a small amount of revenue generate they point when you look at the fundamental value of microstrategy relative to what is holding is trading at a higher multiple and again, as long as bitcoin keeps moving up into the right like it has been, that will be a bullish signal for all of these stocks. sonali: coinbase, why not the etf? what is driving the press behind coinbase went so many people believed that the etf would eat into coinbase's business. >> you only see coinbase up 4%, you are in line with bitcoin as a whole, you get the alpha generated from bitcoin, your betting on brian armstrong and the company's ability to expand their crypto offerings and make money off of retail traders trading the stock or trading those assets on the platform and that has been one of the device when you look at this. it is down 25% from its all-time high in 202

microstrategy got praise on wall street just last week for it bitcoin strategy.y this is something that investors are becoming invested to -- end. this is still pretty strong, but you will see the steep losses. >> microstrategy is up to hundred 25 year to date but -- it moves fast. great to see you, thanks a lot. >>> still ahead, nordstrom shares popping on the back of a new report. the retailer is trying to -- all of the details and if it looks like a deal will get done. closing bell will be right back. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can re

microstrategy has leverage.e world you wouldn't like to invest in that could borrow a billion dollars less than 1% interest to buy into your best idea? we get intelligent leverage. non-recourse, unsecured and then buy bitcoin with it. that leverage gives volatility. the, gives performance. the performance gives us volatility. that attracts capital and we can then leverage more. it's kind of intelligent, because it's convertible debt. it's -- it's given our shareholders more bitcoin per share this week than they had a few weeks ago. so it's very creative for them and compelling for every investor. if you're bitcoin curious right now and want to buy bitcoin at the all-time high how do you get upside in bitcoin with downside protection? microstrategies sold $800 million in debt and we have $12 billion, $13 billion of bitcoin. bitcoin max mist and love it and want to hold it forever etfs charge 25 basis points. microstrategy is giving you a yield against your shares. and a tax-efficient fashion. so maximus equity, h

microstrategy is up 170% this year, even with today's selloff.hit its highest level since 2000 just yesterday we talked about this yesterday since the bitcoin etfs have been released, and that is, why would you want to buy microstrategy and buy the software business, even if it's geared towards bitcoin now, why do you want to buy that instead of just bitcoin itself when that's such an easy bet now? >> well, that is the basis of the short call it's really this, you know, if you want to make the bet, make the direct bet, and see if those two things collapse. we saw it in gbtc, which was just a terrible instrument the only one you could really do, and so, for a long time, it traded at a premium, until, of course, it traded at a discount. why couldn't that happen here? and your hedge, because you have the other side you can do that now. >> yeah. steve, you agree with this sort of call? >> yeah, i mean, i like the way they broke out the tech from the relationship and the ratio to the underlying asset that it goes up. they made a good case for it, yes,

so gbtc as a trust or microstrategy as a stock were the main ways to access it.iety of etfs or other portals into the asset that will only grow long term. charles: the title of your latest newsletter, is economics acceleration. you talk about the tug-of-war between this loose fiscal policy, tight monetary policy. where are we with that? we have a major economic data point out again tomorrow. we got the budget, $7.3 trillion. the so the spending point is not going away. i don't know if jay powell took a shot after he saw that or not? >> i think long-term the fiscal deficit is baked into the cake. regardless of election outcomes, regardless of a lot of things, a lot is demographic driven. a lot has built up over a long period of time. that is constant multitrillion dollar deficit which is a background stimulus for certain parts of the economy that are receiving it but also structurally inflationary and the tight monetary policy can restrict some areas of the economy, particularly the interest interest rate sensitive areas, commercial real estate all the usual names

the idea behind it was that microstrategy was going to fall.as you will see in the market, microstrategy actually outperformed bitcoin. it necessitated closing the position. there was a mini rally there. that is really the rumor going into why. caroline: some rumors that we little check in on. down a little bit. when we move away from rumors what facts are there? you have not just seeing -- there is a rumor around the spot etf in the u.s. as well, but brought the, some well loved protocols. are they going to keep rising? >> with regards to the kueng trend, we are really seeing solana look like ethereum. you are seeing mean coins come out with presales that looked very much like ico presales. you are seeing that this ecosystem has so much activity. they have overtaken etherium on google trends. you are seeing a lot of the activity outside the u.s. like robin hood europe. tearfully, rising tide lifts all boats. there are some rising much faster than others. they were very much unfazed by that, so it is interesting to watch. tear point, a lot of e

we start with money oving, microstrategy falling.hey buy more shares of bitcoin as they scoop up 9,000 additional bitcoins. this follows 12,000 following a debt sale last week. shares down almost 3.5%. >>> super micro announcing it plans to sell 2 million shares. the stock was the worst performer in the s&p yesterday but has surged more than 2% just this year alone. shares of super micro down just about 2%. >>> also macy's confirming to cnbc it's agreed to open its books. the department store's currently weighing an improvement takeover bid from both of those investment companies. they had rejected the initial offer. they're conceptually flat, lower right now. >>> coming up later on, micro announcing it's boosted by ai space and they see plenty of upside to the stock, which has already jumped more than 60% in the past year. micro started mass production with chips that will be used in blackwell's gpu. >>> and jensen wang spoke to jim cramer saying they're predicting tremendous growth ahead. >> we're in the beginning of this ai comput

coinbase and microstrategy are each up 4% and more with mi microstrategy up 6.5%. >>> "oppenheimer" wonig sunday clinching seven awards and christopher nolan took openly the best director. "barbie" secured best original song. emma stone secured best actress. be nbc universal is owned by comcast. jennifer is joining us now from los angeles. jennifer, really nice you can find the time to speak to us. it has been a stunningly busy evening. were the right winners who won or was there contention anywhere? >> reporter: i don't know. you know, i don't feel like there were too many surprises, steve and arabile, good evening or good morning. the interesting thing about the oscars this year was it was a whole hour earlier. here in los angeles, we talk about oscars night. it was 4:00 in the afternoon, which usually it starts at 5:00 and it was on a time change sunday. we just changed the clocks over. it was a feels like time of 3:00 p.m. oscars night was oscars afternoon which left more time for the after parties, which, by the way, are still going on in the background. >> in terms of the winners,

mi microstrategy up 180%.y concern is working out when the momentum stalls after you had 1,000 point rally in the s&p since october. it is hard, but i'm saying i think we are close to it. we could be there. sooner or later, the momentum will stall and i start to worry there are contrary stories that the wells fargo story tells you -- >> look, nvidia is a unique company. overnight, it has been a sensation. it is hard to argue if they achieve more. over the number of stocks that have got a free ride on the back of nvidia is the concern. you are seeing tesla acting as a canary in the coal mine? >> i think it is. nvidia's market cap is $2 trillion. when you get to those numbers as a percentage of the global dgdp you ask the questions how can you grow a company worth trillions, like apple which is $3 trillion. these are huge numbers. that's my concern that you are a $10 billion company or startup, you can grow and your share price with increase. if you are that size, you have a huge problems. ubs put the boot into

you can see a sea of green microstrategy up 21%, coin base up 8.5 and it's been quite the month for crypto time high march 14th before dropping dramatically last week. big roller coaster who knows how long this pendulum will keep swinging for now, crypto related stocks, as you can see, are enjoying the upswing. high flying tech name super microcomputers also on the outside today after jpmorgan initiated coverage of the stock. analysts say the company which specializes in storage and server solution, still has a lot more room to grow thanks to the a.i. boom and a stock that's over $1,000. shares up almost 9%. >> all right we'll see you in a few minutes in the market zone >>> still ahead, disney shares are popping. we're going to drill down on what is sending that name higher and the latest drama in the company's big activist battle too. that is coming up. "closing bell" coming right back at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments

microstrategy, coinbase, and more all seeing significant drops today.at microstrategy's bitcoin purchases could make bitcoin's fall even worse. the company has bought $1.5 billion in bitcoin over the last two weeks alone. steve, you're in ethereum -- >> i'm in ethereum, i'm in i-bit, one of the efts for bitcoin, and if you have 11 etfs, there's going to be a lot more people to sort of catch these moves. bnd these moves are extremely volatile. look at the long-term chart on bitcoin. it's not immune to the ups and downs. i do believe now you have a host of people in funds that are able to buy it, so, the low -- and you can't prove or disprove the counterfactual, but ultimately, it should trade in a lot tighter channel than it used to, and with that many more people that are buying it, i think it's going higher. i've been buying on dips. >> i've been wondering, is it this idea the fed is going to be more disciplined and that's going to be one of the underpinnings, fed going nuts, but you would think gold -- gold has not kept up to the downside, better for

. >>> we have a strong move on microstrategy up to $1,810 per share. the bets on bitcoin and the proven strategy to drive out sized shareholder returns. >>> now shares of arm holdings are closing down yesterday after the a.i. stocks pulled back in recent days. arm faces a big test today as they post-ipo lock-up period expires. it is valis valued at 150%. arm has an unusual situation. 90% of the stock is owned by softbank. let's talk more about this with ben harburg, the managing partner at the firm investing in uber and airbnb. ben, great to have you here. >> thank you. >> we talked about it. you have experience in the high profile ipos. uber and nio being some of them. what do you expect today and how does this look different? softbank owning a majority of shares. >> this is a unique situation. softbank holds 90% of the cap table, but there is a soft float on the table. that means even a small sale from softbank could yield a significant decline in the value around the stock. typically, we would say stay away from the situations and like them try to f

of course, the momentum is strong and also microstrategy has been impacting bitcoin.d led factors are pushing up prices but the big wheels are likely to profit big and once again the leveraged positions become too costly. people will have to make some kind of profit. there could be some moderation in the soaring of the bitcoin prices but there is still the question about supply going ahead. haidi: we will leave it there. our asian finance reporter talking about this incredible surge we are seeing across bitcoin. but more muted across other asset classes ahead of the key inflation numbers. it is keeping a lot of confidence on the sidelines. s&p futures up by .25%. taiwan futures looking flat at this stage. watching ftse china. the disappointment from the npc and concerns over the iron ore sector as a correlation what we are seeing with property in china as well as some of the broad-based geopolitical overlay potentially bringing more headwinds to chinese equities. this is bloomberg. ♪ yvonne: you are watching the china show, i'm yvonne man. pressure mounts on state

mike microstrategy is up.ly, crypto is moving higher in the market. >>> that is the money set up. we turn back to the stories with apple snapping a seven-session losing streak. the longest since january of 2022. nvidia is looking to turn things around after the prbrutal frida closing down 5%. the stock coming off a monster day in terms of volume. more than doubling the 30-day average with more than 110 million shares trading hands. showing the selling happening with some conviction. could this be a short-term move or as mike santoli writes, could the terrible friday be a most mo momentum unwind? joining us is our guests. how should we view everything with nvidia and apple? the momentum trade. has it stalled out? what is your take? >> i'll start with nvidia. the first ten weeks of the year, they are up 81%. on friday, they were down 5%. you know, the math on that is still pretty good. i like nvidia. i think it is overbought and overpriced. i like it. it is a solid company. because it has the meme stock philosop

we see microstrategy continuously offering these bond offerings to buy more bitcoin, so there's definitely it is a very, very, very volatile's -- volatile asset, so it's hard to commit big portions of the portfolio because it bounces around like a yo-yo, quite frankly. [laughter] ashley: yes it's not for the paint of heart as you pointed out -- faint of heart. let's start with nrg, an energy play, of course. >> yeah, nrg. right now if everyone's talking inflation, and a lot of that's because of what's happened with energy. we're seeing more and more demand. and we've got technology demanding it from the standpoint that we had all these cryptocurrency miners that just need more and more and and more energy. and and you're in a situation where it just doesn't seem like it's going to be pulling back at all. so the electrification of vehicles and everything else is going to put more stress the on the grid, and that's just going to push the price up. so if price of energy goes up, we would expect nrg to go up. ashley: makes sense. we mentioned micro strategy. you like that as well. >> e like it

marathon digital, microstrategy, many stocks in that crypto ecosystem are down notably with today's tradingd specifically on technology, check out nvidia. the third biggest stock this the s&p 500. massive weighting over there. nvidia shares now swinging to the upside. they were down solidly earlier today on the heels of blackwell, their new ai chip. advanced microis down 4.5%. but super micro down 9%. they'll issue more shares. c3 ai, a couple of other ai names. watch that technology trade. an interesting reversal for nvidia right now. we'll see if it sticks. >> dom, we can't help but watch nvidia. for a moment, we'll talk about the fed's decision on interest rates in just about 24 hours away. we start with steve liesman and the latest results from the cnbc fed survey. steve? >> respondents to the survey for march seeing slower growth than last year, but showing more confidence in the soft landing, and less concern, of course, about a recession than we have seen in the past two years. take a look, the recession problem bit has declined to 32%, the lowest since february 2022. well down from

spark so many different ones one that i like very most is michael sailor a character and a half microstrategyis isn't necessarily a stock bitcoin but own 190,000 bitcoins why one of those names that absolutely rocketed to the upside alongside of bitcoin. cheryl: thank you for saying that i own coins i appreciate the preempt with other conveys to play if you don't want to spend 67 grand on bitcoin, 68,000, back to target digging through numbers your take on this your stock perspective on target, 11-month high premarket right now incredible, considering the performance last year are also want to ask you about the forecast, because that is something else i was zeroing in talking about 204, they don't make money off groceries like, walmart does. >> right, completely different we've compared them to each other; right? you say walmart doing this target doing this grocery huge part of walmart brings down gross margins one thing target has done over years ago they did i am not saying didn't they certainly did i think what they figured out a better way of doing things inventory keeping track some prob

the miners like riot block cape, marathon, hook at -- microstrategy is up 11.5%.s software company could buy more bitcoin. stuart: really? lauren: they own 109,000 bitcoin. yeah. so with bitcoin being up again today, about to test new highs, lifting all the crypto players. stuart: terrific rally going off gray scale, that's the etherium company. i've got a piece of it. i was underwater for a long, long time -- lauren: right. on the blackrock one, monday if alone -- monday alone, this is the retail investor saying i've got a little money, why not put it into an e. if. stuart: cybersecurity, crowdstrike, they're already up 150% in the last year -- lauren: that's a high. stuart: up again today, 17%. lauren: yep. stuart: that must have been a great report. lauren: well, remember some of -- like palo alto had a bad revenue forecast? crowdstrike said the opposite. they're to jekylling revenue -- projecting revenue will grow in 2024. that contrasts with some of their rivals although it is lifting all of them today. jpmorgan is calling crowdstrike one of the fastest growi

microstrategies soaring more than 20% to all-time highs grayscale rising 11% and coinbase at its highest this just risk taking in the markets or is there something more to the bitcoin story? is this foreign ministerially believing that it has a place in the institutional investing? >> it's a little perverse on a day when the dollar rose and yields rose so that's part of it, but i think the fed lit the market on fire last week i really do. i think they sent a signal ahead and bitcoin and not a ton and i wish it was a whole lot more, but i do think it's strangely ironic that gold is actually rallying because bitcoin is rallying and that's not what we are used to. >> dan >> the narrative has changed dramatically in the last five years. its almost validated a lot of the folks and you just mentioned rates where they were with the dollar rising here and bitcoin is supposed to work and i keep hearing that from a lot of smart investors who dismissed it and i heard jamie dimon who see this as a real risk asset or the macro risk asset that plays a way that they have traded other risk assets and th

we see the peak in price before the next bear market >> so, mark, bitcoin gets the headlines, microstrategyinbase, what are things out there, equity or other coin, that you're looking at that nobody's talking about >> you know, it is so hard, because the regulatory regime has been pretty restrictive, i mean, there are the mining companies that secure the network. they've had a really good run, so the valuations are a little tope toppy, but we do like those businesses but there are component companies that make the machines that secure the network, amd and nvidia have been a story, a proxy to play, the crypto markets for about six or seven years, but again, they're at valuations that are tough to stomach. there are a lot of really interesting productsand new tokens in the private market that's where we traffic at morgan creek digital 80% of what we invest in are private companies, and only about 20% are in the liquid tokens, but we like things like ethereum, we do like solana, we like avalanche you can go down a little lower on the capitalization scale. bitcoin is the king. it is the dominan

. >> i thought you were going to say, the argument he made to invest in microstrategy when there are bitcoin etfs out there and they are leveraged, because they can borrow it. .62%, their offering, and be super leveraged in that way. >> well, proxy ways were a ways to get exposure to bitcoin and block chain. i'm not sure why you wouldn't want to own the pure. i guess i look at bitcoin and gold a little differently. remember, gold is also breaking out to all-time highs and it's taken awhile for gold to do it. but i think this is about geopolitics, i think it's sniffing out a u.s. government that has a huge deficit. i think rates have upward pressure from that, leaving aside, obviously, the economy. so -- not the same brush i want to paint it with, but i think there is fervor out there. >>> boeing dropping 3% on reports that the justice department opened a criminal investigation to january's midair blowout. also today, roughly 50 passengers aboard a boeing plane were injured following a strong movement mid flight. the latest on the string of operational issues involving boeing jets. th

microstrategy is on fire. they're calling michael saylor, the modern-day-bunk bunker hunt. that is not a good thing to be called. he was ridiculed and laughed at. talk about a special guest how expensive taco bell is. scott martin is back. looks like he is having the last laugh. my takeaway on the again, once again, where the market and the street are all off base particularly when it comes to main street. we have a lot of evidence on that today. all that and so much more on "making money". ♪. charles: all right, well i guess you could say better late than never but all of sudden wall street can't get enough of a.i., right, including nvidia at the top here. bank of america now, they have hiked their target on nvidia. also cantor fitzgerald today. so wall street is starting to pile in. but it is not just, not just nvidia, right, the whole sort of a.i. complex. look at upgrades this morning. microsoft, evercore said 475-dollar stock. amd, broadcom, palantir, 35 bucks at wedbush, wow. smci, remember smc i-85 dollar stock? 13 at argus. 725 netflix at oppenheimer. wall street in

keep an eye on stocks like exchange operator coinbase and crypto miners like riot platform and microstrategyons of bitcoin on its balance sheets. your stocks to watch on cryptos and autos. back over to you. >> dom, thank you. >>> coming up, the need for more power. bank of america pointing out in the latest note that the physical buildout of data centers will lead to more demand for electrification. we'll look at the nation's demand for energy and the strain on the grid next. voatand galaxy digital's mike nogrz talks markets and crypto. we'll be right back. >> announcer: stocks to watch sponsored by cla, business takes balance. we'll get you there. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo >>> welcome back to "squawk box." the futures are in the green. dow futures up by almost 60 points. the nasdaq up by 8. the s&p 500 up by 5 points. >>> the surge in a.i. and crypto mining is straining the u.s. energy grid to the