what mike novogratz says. 25% down in two days. were the c.e.o., that might be a hard pill to follow. you can see what mike has to say about what he thinks american companies will be doing this. manus: it is fascinating what they have come up with. it is going to be maxed out by 2040. that is bitcoin relative to the supply of tesla. it is diplomatal gold. annmarie: that's what you have been telling me for years. we spoke to mike novogratz. he sees it double. take a listen. >> i thought bitcoin would end at $50,000 to $6,000. things are growing so much quicker than i had predicted. it is accelerating beyond what i thought about. bitcoin could end the year at $100,000. annmarie: mike novogratz there. bitcoin hit a fresh record over $47,000. let's go to laura wright. >> president biden's covid bill pledges ahead to raise the minimum wage up to $15 an hour by 2025. lawyers for former president donnel trump have laid out their case of impeachment arguing the second trial is uncushion constitutional because he has already left office. pr

mike novogratz sees the price doubling to $100,000 by year end. rally takes a breather as investors mull stimulus prospects and the impact of rising inflation expectations. and donald trump's second impeachment trial starts in the senate today. he faces a charge of inciting the january 6 insurrection on the capitol. conviction is low. good morning and welcome to "bloomberg surveillance." i'm francine lacqua in london, tom keene in new york. i know we look at politics, we look at what is happening with the european central bank, but i would suggest that we go markets to markets today. looking at the u.s. junk bond yield, they capture the imagination edition -- the imagination of a lot of the markets today. you wonder how much more risk with -- how much more risk people are willing to take on. tom: a continuation of 2020 come as you say, theom

mike novogratz sees it more than doubling to $100,000 by year end. hunting for yield. u.s.unk bonds drop below 4%. and the e.c.b. president christine lagarde pledges monetary support among significant downside risk from the coronavirus. let's take a look first off at some breaking earnings news we got from a french oil major total is out with fourth quarter income. they earned $1.3 billion in net income. the stimwas for $1.14 billion. better than analysts had anticipated. total is saying 2021 net investments at $12 billion after having invested $13 billion in the year 2020 and it proposes a change in name to total energies. maybe that is the that i think the stock needs for a kick. sometimes you just have to tie yourself no to the new fad. you can put block chain in your name. bitcoin. maybe reddit. in any case, it is a huge fad now. total energy seems fitting. anna: we have total numbers coming through there. giants of the energy world in europe. we're going to get to business here in the u.k. that of course has been outstanding internationally when it comes to grocery del

mike novogratz spoke earlier. ke: young people like cryptocurrencies, and elon is a genius in that he realizes listen to the people. the balance sheet, he worries about the dollar, but it is more the messaging, soon to be allowing customers to buy in crypto and to see every company in america do the same thing. >> it is not just companies thinking about this. you have the mayor of miami looking at adopting bitcoin on their balance sheet. how realistic is that, and are more cities likely to look at it? mike: there is a war for talent. we have got this arbitrage going on where people move out of new york to miami or to austin, texas. you have got cities fighting for the best human capital. now, you have got the wealthiest man in the world doing it. other cfo's are going to be thinking about if they should do it. >> where should bitcoin be? mike: i said bitcoin was going to be around $50,000, and things are happening faster. the corporate and institutional adoption rate is accelerating beyond sort of what i thought ab

a conversation you don't want to miss coming up, though, we've got investor, mike novogratz, he's goingmpanies adopting bitcoin, the rising retail traders and, we'll talk yesterday's selloff. he spent most of his career as one of the great macro traders we'll talk about where we stand and what the ten-year means for the market you can watch or listen to us live anytime, or right this moment even on the cnbc app we're back in a moment ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) ♪ welcome back to "squawk box," a live shot of times square right now. beyond meat announcing new deals with mcdonald's and yum brands and will be the preferred patty supplier for the yum burger, working with yum brands to make exclusive menu items for kfc, taco bell and pizza hut over the next several years first dipping on a bigger than expected loss in the fourth quarter, citing high costs on global extension and weak restaurant sales, and risi

much more about republican robin hood and the rise of the retail trader with galaxy digital's mike novogratz plus bank of america bets big on housing and we'll speak about why it is doubling down on home ownership for low income communities the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-376-4376. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-376-4376. that's 1-800-376-4376 >>> bank of america announcing today it plans to tripl

. >> there's the responsibility question as we brought up earlier with mike novogratz's tweet you're what does it do if and when it collapses again? does it drag all of the cryptos down including the more credible among them it's not like tesla hasn't -- excuse me, it's not like bitcoin hasn't had a great run of late more generally that would allow it to have room to pull back we'll have to keep an eye on it. feels irresponsible, the pushing up of this one, particularly given the recent -- >> hey, wilf, i'm -- >> look at my email. >> look at this, guys. look at this guys. tesla in a new filing says that they've updated their investment policy to provide them with more flexibility to, are you ready for this, be able to buy bitcoin. we have invested an aggregate of $1.5 billion in bitcoin under this policy and may acquire and hold digital assets. it's subject to applicable laws. it's liquid. it's on the back i imagine it >> i'm just throwing an extra appointment. it looks like it's just happening. we don't know this it's an added responsibility it's pushing up a stock if you're benefit

this is hugh san reporting on this he reported that the bank and galaxy digital ceo mike novogratz had$14 billion for payroll assistance as president biden's covid-19 package that came ahead of a task force and airline executives people on the call are expected to talk about whether passengers should have to take a covid test before a domestic flight the airlines are opposed to this when it comes to domestic flights. joe? >> beck, thanks. let's talk markets major averages tracking for the second straight positive week but seen hardly any change, any change in the s&p 500 in the last three days. nbc senior markets commentator mike santoli joins us now. can you look under the hood, mike is that what you want to do here are there things going on? can we glean anything from happening. >> there are messages whether you're listening for them or not. i think you want to look at the key appetite to see if anything has changed in terms of the tone and character. the s&p has cooled off, flattened out, been rather quiet in the last few days it's another one of these phases where it seems like the