jason les met with elon musk to talk about green mining.e now have the pleasure of speaking to him, who joins us from california. you are a former professional heads-up poker player and have a host of experience. i would like to start with your meeting with elon musk, especially after he raised issues about the energy usage of that coin mining. what did you talk about? jason: it was a very casual exchange of information. elon musk had tweeted thoughts around bitcoin and energy usage lately. it was a forum for a number of bitcoin minors to talk about what they are doing relative to bitcoin mining in north america and their relationship with noble energy. i think that is a story that does not get told enough -- with renewable energy. i think that is a store that does not get told enough. 76% of the coin miners utilize renewable energy. 40% estimation, about 40% of bitcoin mining is powered by renewable energy. there are a couple of key reasons for that. one is, bitcoin mining takes energy as an input. that is what helps drive security for bit

have a story on musk's tax strategy, jon. >> and tech this morning, broadly higher to end the week,&p adding to record levels earlier, though it's a little bit flat right now the nasdaq has been in the green. we're seeing some big calls on zoom, amazon, dell and more we'll bring to you >>> we'll get to those but first, a new ipo didi the chinese ride hailing giant is heading to the american market, uber's biggest competitor on the global stage, famously defeating their efforts in china and forcing their u.s. rival to sell the company its business there in exchange for shares in didi and remains a heated rival in -- uber has scaled back its sharing. didi autonomous ev development, even financial services. certainly making it more of a super app. so a big part of how didi got here has been its home court advantage in china, but guys, that may be one of the biggest risks going forward. we know the chinese regulators are knocking down monopolistic practices. it has targeted didi with a fine guys i also want to raise some questions raised by the f-1 we got yesterday, the company presente

a cryptic tweet from elon musk has sent bitcoin sliding., a broken heart umoja. -- emoji. good to see you. based on that tweet, we are reading a lot into a heart and a linkin park reference. is he breaking up with bitcoin? what does that mean for his holdings? >> i never thought i would be on television trying to parse through linkin park lyrics from an elon musk tweet. bitcoin is down almost $2000 at the moment. muska has not explicitly said if he is selling any of his holdings in bitcoin or any other cryptocurrency. once again, we are trying to parse through as you say cryptic tweets from musk. it is becoming a bit of a habit of his. he is tweeting over the last couple of months and the market listens. certainly for a lot of investors, and has ruffled a lot of investors -- replies. a lot of upset crypto investors out there. maybe there looking to break up with him. anna: i won't pretend to understand all of that. broken hearts i can understand. how unnerved are crypto investors? they may feel like they have been let down by musk in the pa

it is much bigger than elon musk, he's one little guy in the world of u.s. dollars.hat, why do you want to own bitcoin as the fed prints money. >> one reason what i advise people to do is start small, i only put a couple of million to start but my interest was up like i said i started to get interest around 20000 in a drop to three so bitcoin had disappeared, it hit six and the nine and then i picked it up at nine. so my interest peaked and what i'm interested in the subject like a stock, and more intelligent so i own bitcoin and diphtheria primarily from education, i start small and track as it goes up and down and you listen to such garbage news like elon musk he is not the universe he's not the global macro of this fake 10 million zimbabwe dollars, this is what people are chasing, fake money it is ridiculous. maria: you think bitcoin can go $200,000. >> and a good day i suggest people read this as the creature from jekyll island, it explains how the fed and the u.s. treasury were fundamentally created in 1913, what bitcoin and biden are doing, not bitcoin but what

email on musk -- elon musk put bitcoin on a wild ride.so alienated many in the crypto space by appearing to support dogecoin, the digital coin with a dog on its face that was created as a joke, but has recently surged in price, although not so much this week. >> el salvador is a country up about 6.5 million people. nevertheless, it has adopted bitcoin as legal tender, renewing debate about it replacing the dollar. su: it is the first country to do so and bloomberg reported late last week that every economic agent in el salvador must now, according to new legislation, accept bitcoin as payment by whoever acquires a good or service. that is according to a draft of the bill. the u.s. dollar will still be used as reference currency. but no other country has done this, so it does raise the question, if at some point in the future, the dollar could be replaced by bitcoin or some other cryptocurrency. you go to the most recent chart, look at the past three years of bitcoin, its volatility seems to have increased with each year and in 2021, it ha

musk is a little fickle when it comes to the press.o hear though, from my sources, that isaacson is the type of person he would want to do with his biography. the one fly in the ointment is i would say a lot of people compare elon musk to steve jobs, you know, mr. isaacson has done that recently on a yahoo finance piece done an interview with him , should put up the quote, it's a fascinating quote, in some ways he's the steve jobs of our time and crazy enough to think he can change the world and might be one of the ones who do change the world. one of the problems with that is , liz, is that when mr. isaacson did the book on jobs, he already came back to apple, saved it out of bankruptcy and transformed the company into this iconic company that dominates how we communicate and listen to music and you name it. it was a transformative company. i don't think you could say that about tesla right now. not only does elon musk -- liz: yes you can. we're going to fight about this again? charlie: i don't drive a tesla. i do have an iphone but i

the best is elon musk.cex, the launch side of the business is $3 billion a year. -- $30 billion a year. it is really finding higher margins, databased services that can fuel the activity of launching into space. emily: who are the billionaires outside of musk, bezos, and branson betting on space? >> the billionaires are the institute of investors themselves. take spacex, sequoia led the last round. fidelity, blackrock, these legacy names. kathy would. and you have the investors. you also have zuckerberg. one of the big beneficiaries of space could be facebook. the more you connect people digitally with starling, blue origin, you could see the adoption of facebook, netflix. there is a lot of capital coming, but it is bezos, musk, and branson. emily: what are the chances richard branson gets up before bezos? >> we don't know, but i would wager it is good. over the course of the summer, they want to run three test flights. i'm sure he is aware of the launch of bezos, and it is on him. emily: why hasn't elon mu

elon musk may be running afoul of the sec "the wall street journal" said regulators told tesla that muske requirement was part of a 2008 settlement. no response from musk or tesla as of yet. >>> jbs is expecting most plants to be functioning normally today. that follows the weekend cyber attack which temporarily crippled operations. white house told jbs that it likely came from a criminal organization based in russia. >>> two separate pieces of news it's announcing the prime day will be held on june 21st and 22nd the company will no longer test job seekers. more states are legalizing marijuana use. it will continue to test for illegal drugs. i don't know smoked out on prime day. >> premo day, dude this is premo. let's get prime -- prime, different. the drivers, we're not endorsing -- >> we're not endorsing. >> -- not endorsing wasted amazon drivers. >> now let's get to eamon javers for more on jbs and whether we were hoarding -- i remember freezing some stuff. i never ate it, eamon. ground beef and stuff in case i was ever going to need it. it's still in there. so we don't need to do tha

we break down the business known as the trade a bitcoin breakup, why musk meme is worrying the cryptorowd and we'll go live to miami later a spac, bill ackman has been looking for a dance partner, will universal music hit the right note >> let's talk about tech too three stocks to watch on the move at this hour. shares of asana and docusign getting a boost this morning after strong earnings results, high growth names that are seeing momentum continue and pagerduty beats on the top, not as much the bottom the ceos of all three of those companies this hour. exclusive interviews here on "techcheck." carl >> jon, leading the charge the army marching on, adam aaron embracing the retail trader going on a youtube show with the voice of the amc trader online, youtuber trey collins. >> the stronger amc is as a company the more people who bet against the company should be concerned. we raised billions of dollars over the past ten months, and we have almost $2 billion of cash in the bank. >> adam aaron is setting the bar in terms of ceos reaching out to retail investors and caring about what the

. >>> and elon musk in hot water again with the s.e.c. over some unapoved tweets and with parents we are getting that baby shark song stuck in their heads again. "power lunch" starts right now >>> the gains are fading away. but the real action is in the so-called meme stocks. amc soaring today. one point it was up over $70 a share. pulled back to 64 and change let's bring in mike santelli. >> it is using the ox jn in the market amx is up 200% over the last week or so a reason in a short term technical basis is the highest level at which the call options are struck so in the short term the stampedes of buying through the options do have the effect of dragging up the share prices and reads a short term limit and trading halts in the stock so kind of maybe reached the escape velocity the other theater stocks aren't doing much look at how it compares to gamestop of course the original meme stock. it rhymes in the cadences with the eruptions but amc is overtaken gamestop both in the percentage gains and the magnitude and the speed of this one.

jeff bezos and elon musk have been named.ro publica accessed confidential tax data that has exposed this scandal. ♪ reporter: that stark revelation confirms what has widely been believed, that america's uber-rich date next to no income taxes. amazon's jeff bezos. no tax in 2007-2011. elon musk paid nothing in 2018, according to leaked tax data published by propublica. taken together, it demolishes the cornerstone, of that american tax system, that everyone pays their fair share and the richest. the most. irs records show that the wealthiest can perfectly and legally pay income taxes that are only a tiny fraction of the hundreds of millions if not billions that their fortunes grew each year. that is because their wealth derives not from salaries, but from the skyrocketing value of assets like property, which are not subject to tax until they are sold. they can get tax deductions for things like charitable donations. according to the nonprofit analysis, the total wealth of 25 richest americans jumped more than $400 billion betw

the goal of their new cryptocurrency movement is to take on musk from inside his own company. >> plan to take over tesla over the next couple years essentially. our plan is to purchase as many shares of tesla as we can through this cryptocurrency movement and also to put together a sort of voting trust, which will allow other people to purchase in doing that. >> the group also has a mission of getting musk off of twitter, stop elon is one of at least two cryptocurrency tokens to be created solely to protest musk's market influence. >>> san jose police department still looking for a fwrm missing for more than a week now. take a look at this. surveillance photo. police say it shows 84-year-old jean chang ken fung back on may 28th. that's the day she disappeared. they believe she is likely still dressed in the very same clothing here, including that pink puffy jacket. very distinct. she disappeared after leaving her richmond district home for an afternoon walk. she was last seen at the marina safeway. >>> the great debate over the fate of the great highway is headed toward a critical mee

just a typical day for elon musk.ave more on that, next, this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i am emily chang in san francisco. elon musk remains hopeful that spacex will reach near global coverage by august. ambitious as always. ed ludlow, we are getting new information why this launch was scrubbed. >> this was for the private customers that they send out tiny satellites into space for about a million dollars a pop. what we know is that a private helicopter flew into the restricted airspace just seconds before liftoff. the launch was immediately scrubbed. air traffic control directed the helicopter away. what we got was in elon musk 's tweet accusing glitters of having stricter controls, saying the areas that spacex required -- and something like this was bound to happen. emily: elon musk acting as if this is all just happening like another day in the life. what did he say about the future of starlink in general? >> this was the most substantive update in months. they just passed 69 ac

and elon musk is buying up more and more land.n the trend we are , joined by austin mayor steve adler. mayor adler, i am coming to you from the competition here in san francisco. tell me, what does austin have on silicon valley? mayor adler: i think in the pandemic, it could be as simple as people looking for a less expensive place to live. san francisco is a great town. we kind of think we have a magical place here in austin. it is a creative, vibrant, entrepreneurial city. the catchphrase of austin is keep austin weird. and i think that means it is ok to be different here. we have a greater tolerance for risk, i think, than most cities i have ever been in. and that ability to be able to try something, to think outside the box, to not get punished if things don't go well the first time is something that i think attracts folks to the tech industry. startups. that is why there are more startups per capita here than anywhere else. it is just a place where the people that self select to live here are people that are easy to get along

musk is not the only one who moves stocks by posting opinion. february 2018 reality show billionaire kylie jenner tweeted , "so, with does anyone else not open snapchat anymore, or is it just me? ugh, this is so sad" and that single tweet won some $1.3 billion off the social media's market value so while twitter has proven itself to be a major bull horn for market leaders and celebrities alike should investors now be checking twitter daily for mentions of the stocks they own in their portfolios? let's get to our floor show traders teddy weisberg and scott bauer, both of whom understand these market markets and have played them for years. scott, as we're seeing now a single tweet by a ceo or even a celebrity can trigger and then amplify a move in shares. how important has it become, if at all, for investors tok search mention of stocks in their portfolios? >> so liz, i think you have to separate the investor from the trader side of things. investors maybe not so much, but as a trader, not even if you're a day trader but even if you're just dabbli

emily: what do you think of elon musk's latest comments? does the whiplash bother you? ?aying one thing and then saying another? michael: you are talking to someone who has been run crypto for about 8 years now so i have seen those movements in the shortage of crypto price. some of the comments that elon musk has made has been focused on esg and some of the carbon footprint and energy consumption concerns around bitcoin mining and when it comes to that, i think it is important that we stick to the facts. i believe that the statistics is 75% of the minors are using reusable energy as part of their mining. that could be hydro-, wind and solar. it is important to zoom out and realize we are only 10 or 12 years into the lifecycle of crypto assets. it stands to reason that this could be an opportunity for the industry to innovate advised to the challenge that is being presented to it. emily: i am sure over all these years, you developed the iron stomach to whether these ups and downs. thank you so much, michael for taking the time to join us. coming up, facebook launches new t

emily: that was elon musk about the new plaid model. we are going to speak to the head of europe's most valuable fintech startup, next. this is bloomberg. ♪ emily: e-commerce is booming as buy now pay later companies are seeing major growth. the firm ceo to this success to the pandemic -- the affirm ceo o attributed this success to the pandemic. >> it is such a simple, transparent way to pay for services and goods. emily: one of their competitors is now valued at $45 billion, thanks to a recent funding round. the cofounder and ceo is joining us. i don't know if we can call you a startup anymore. last time you joined us, you said you wanted to disrupt the financial services industry just like tesla has disrupted the car market. >> i would like to think that is true. the credit card industry itself, it costs low income households $70 and transfers $700 to high income households. recently, consumers have started realizing this. debit has grown five times. the pandemic has further accelerated this. we have seen billions of dollars of credit

emily: i want to ask you about elon musk, tesla.musk has had a lot of influence on fluctuations over the last several weeks. is that a good thing or is it unhealthy? gene: we need to be looking at the right issues. cryptocurrency is the way of the future, but there are real concerns around the carbon footprint that ethereum and bitcoin have today. i will say it this way. celebrities will the celebrities. we are more focused on getting this blockchain adopt by real users. emily: you think he is just a celebrity? gene: certainly not in the rocket business or the car business or the solar business, but in the blockchain space, elon tweeted he wants them to be 10 times faster and six times cheaper. emily: we will have to see if he tweets back at your response. jean hoffman, chia network president and ceo, thank you for joining us. coming up, it was a banner year for the videogame industry as lockdowns of us the globe kept people indoors and on screens. we are speaking to the ceo of electronic arts about the next chapter of gaming during

okay, good elon musk. and so he's trying to break into the automobile business as the co-founder and ceo of tesla. and as we've gone over history tells us that his prospects are not good. he like preston tucker and john delorean is tirelessly promoting his vehicles. and we see echoes of the delorean even in the gullwing doors of some tesla models. and he has the model s and the model x and he plans the model 3 which will be sold at 35,000 which might bring the tesla into the mainstream. let just last night tesla unveiled its new semi trailer truck. that'll be electric powered. so this might be a game changer as well. but in the end, let's face it tesla is laboring in. a shadow of failure history does tell us that automobile makers these maverick independent automobile makers who try to get into the business fail. yet tesla's been around for several years right now. i mean tesla's made more cars than preston tucker and john delorean combined last year. they made around 80,000 cars. that's way more than delo

. >>> another break or make moment for elon musk as the company delivers its first plaid version. what's under the hood. we are back in a moment. >> announcer: "the exchange" on cnbc you got your new customers — they get our best deals. you got your existing customers — they also get our best deals. everyone. gets. the deals. questions? got it. but, why did you use a permanent marker? because i want to make sure you remember. i am going to get a new whiteboard. it's not complicated. only at&t gives new & existing customers the same great deals on all smartphones. get up to $700 off our latest 5g smartphones. >>> welcome back to the exchange the past year plus of remote work has transformative for society. our work lives change overnight. and as the economy now reopens a stands off is forming between employees who don't want to come back to the office full time and their managers morning consult found nearly 40% of adults surveyed would consider quitting their jobs if their bosses were flegtible about remote work. 80% of ceos want employees back in the office full-time. what's the

tesla shares -- shares fall by as much as 2.7% after ceo elon musk -- musk tweeted there is no need toer the vehicle because the shorter version is so good. tesla had been taking refundable deposits on the car for month. $260 million after france agency says the tech giant abused its power. the agency says google unfairly sent business to its own services, discriminating against the competition. google says it will improve its ad manager's services for third parties. india's market regulators has barred franklin templeton for two years after investigating its foreclosure of credit funds. it has been ordered to refund management and advisory fees. coming up, apple takes on zoom. we will look at how it is planning to do that and the other updates from its worldwide developer conference. this is bloomberg. ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things

coming up, he let musk compares -- elon musk compares the chip shortage to panic buying over toilet paperl explain that next. this is bloomberg. ♪ ♪ alix: live from new york, i'm alix steel. this is "bloomberg markets." the chip crunch has been felt across many industries, especially automakers. elon musk tweeted that even tesla is not immune to the shortage. bloomberg's dave wilson has more. it is like, when he tweets, everything moves. what did he say? what moved? dave: last year it was all about toilet paper moving off the shelves at grocery stores and discount retailers. we couldn't get enough of it in the midst of the coronavirus pandemic. now elon musk is comparing what is going on with semiconductors to what went on with toilet paper. he did that in a tweet, and it just shows you kind of what the situation is. as he described it, automakers are ordering more than they need because they want to make sure they have enough supply. it is an issue no doubt across the auto industry. tesla itself acknowledged as much when they came out with first quarter results back in april, much the sa

musk about the possibility of writing his biography.with now what he is hearing. hi, charlie. >> we broke the story last night on foxbusiness.com. i should point out my producer and i, ellie broke the story. anytime you start putting people in jail involving finance the target of the price goes down. remember, if you take air out of bitcoin the easiest way to do it start putting people in jail who use it. that has been the history of finance. but let's get to walter isaacson because that is a story we broke last night. fox news has confirmed he is in preliminary talks with tesla's elon musk to write the ceo's biography. as you know mr. isaacson is a well-known author, well reknown. he wrote the best-selling book on steve jobs and he is interested in doing the same type of deal with musk, plim narrowly interested. that means if he goes forward wit, from what i understand, he spends two years plus, interviews him 50 times. he writes what he believes is the definitive account of elon musk. kind of interesting if you go back and, if you goo

this elon musk have that much sway over cryptocurrency?edible following because of the work done with electric cars and spacex and going to mars and boeing companies and satellite telecoms. there are a lot of people that look up to him and with that kind of power comes great responsibility. his tweets in this case were reckless and i hope he's learned a lesson from all of this. he's in a position to facilitate major positive change in the world. just like our elected officials do not talk about things that you do not understand. you may cause incredible harm to people and the world at large and certainly if you are in a position of government or one that has problem like he has a praise learned something from this. we all make mistakes and that's part of life but we also have an opportunity to learn because all can be forgiven. i hope he's learned something. kennedy: is probably watching right now. thank you so much. always good to talk to you. coming up billionaires battling to see who launches into space first but how much will they bene

tougher on russia >>> taking on the s.e.c., a new report highlighting the growing tension between elon musk and american regulators. >>> it's not over just yet why zoom may prove the stay-at-home trade can still make you money >>> and amc getting ready for another wild traying day agency the investors and ceo look like they're banking coin, at least on paper it is wednesday, june 2nd, and this is "worldwide exchange. >>> well, goorng good afternoon or good evening from wherever in the world you may be watching. happy wednesday, i'm brian sullivan let's get right to it. here's how your money and global markets are setting up their day. stock futures, they are a little muted and a little mixed kind of the same story for stocks yesterday dow futures up all of 7 points, nasdaq down 22 again, same as yesterday in the markets, we saw the dow rise and nasdaq was slightly lower. let us check the crypto. a little more movement here a little better day. bitcoin, here yum, xrp, litecoin, all up ethereum the best of them up about 7% on this wednesday why don't we forget stocks and digital commodities a

there's a bit of elon musk involved in here, you know, elon musk has done -- his rockets have done orbitals but he hasn't gotten on one yet. bezos will get on his. >> i would go. >> you got me at the million. that part, no. >> maybe they need a charity journalist. i don't even know if i'm tall enough. i did all the training for the blue angels, they put you in the suit and say you're not big enough. >> not even a phonebook or something? >> can't make it. >>> speaking of elon musk, some unexpected news from tesla. the electric car company canceled the most expensive of its flagship sedan. plaid plus had a price tag of $150,000. the option was removed from tesla's website late last month, then there was a short tweet from musk in reply to the tweet about the model s going to plaid speed, musk wrote plaid plus is canceled. plaid is just so good. >> trending this morning, if you are planning a staycation any time soon. we'll give you a spot to avoid. >> fremont is said to be the worst city in the country. mike ones to this one. this is all according to a new study from wallet hub. don't kill th

musk >> elon!n >> and steve ballmer came out -- no, he didn't. i saw him doing crazy stuff at the clippers game. he's a very -- >> -- emotional. passionate >> -- passionate musk took to twitter after the video saying -- tweeting, bitcoin is a hell of a drug. and it works both ways, i guess. it's worked on him and he's going through withdrawal, i guess. he's going to rehab. >> yeah, in the interview, max keiser did an interview with cnbc africa. you got to see -- >> he wanted to come on here >> unbelievable. yeah >> really wanted to come on -- >> you mean not seven seconds away, but like a minute, just to handle what's going on >> it's even on cable? >> even on cable -- >> yes >> i mean, we've had say few clips here no, this was like nothing we've seen before. >> what's the worst thing we could say? >> well, i heard him say something there. >> yeah, but we bleeped it out >> right but if you say it repeatedly over and over again, over a minute, you can't bleep it out fast enough. >> okay. all right.

formula unit to primavera in a $2.2 billion deal >>> tesla cancels the model s plaid plus because elon musk says the regular version is so good as he comes under fire for his crypto u-turn. >>> good morning happy monday major development over the weekend. g7 finance ministers backed a proposal for a global corporate minimum tax of 15% the breakthrough allows for companies to be taxed on where their sales are, not just where they have a physical presence. the agreement provides impetus and will be put forward to the g20 in july. the finance minister says it would add to the global tax system >> reached historic agreement to reform the global tax system to make it fit for the global digital age and make sure it is fair so the right companies pay the right tax. it is a huge prize for the british taxpayers. it is a proud moment i want to say thank you to the g7 colleagues for the leadership and for the willingness to work together to seize this moment to reach historic agreement that finally brings our global tax system into the 21st century >> u.s. treasury secretary janet yellen says this wou

musk did this three years ago.tations in los angeles. this is part of the waiting time you have to wait around to get your tesla batteries charged. an outdoor scene might play highlights after best movies in history or touch-screens in order to order the food. it is all high-tech because it is tesla, no matter what he has to make a headline a day. that is the way the man is these days. susan: i thought we would like the high-tech and talk about how much you like the kiosks? stuart: what do i see here, donald trump's blog permanent mentally shut down. susan: it was announced by jason miller, from the desk of donald j. trump has been scrubbed from president trump's website. it will not be returning according to jason miller. that is what he is telling some reports out there. now this only was restarted, i think it started from the desk of donald j. trump, last month. he has been banned from facebook, twitter, popular social media sites. this didn't catch on. more of a blog site to share comments and statements posted

. >>> ahead, elon musk says or i am pi'mmplies he may be breakinp with bitcoin >>> and if you haven't, subscribe to "worldwide exchange." it's great we're back after this. wealth is your first big investment. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all it's worth. which shows will you be getting into tonight? how 'bout all of them. netflix. 'cause xfinity gets you really into your shows. when one burns for someone who does not feel the same. daphne, let's switch. from live tv to sports on the go. felix at the finish! you can even watch your dvr from anywhere. okay, that's just showing off. you get all of this on x1. so go on, get really into your shows. you need a breath mint. xfinity. it's a way better way to watch. >>> he's back. bill ackman hoping to cash in more as he looks to do one of the biggest spac deals ever. we will tell you what he is eyeing. >>> the amc roller coaster investor along for the ride the than t

emily: i mentioned elon musk at the top.onder if you think, given that his comment certainly propelled some of the latest volatility, do you think his influence on this market is unhealthy? lily: i think elon is having fun with this. i think that his comments and their actual substance are really hard to take very seriously. for him to come back after a month or so of saying, i did not know it has an energy profile, honestly, that is pretty disingenuous. that is like saying you don't know where meat comes from. right? it is hard for me to think that many people are actually taking that, seriously in its substance. he is certainly triggering an upswing, also triggered a bit of a downswing here, but bitcoin has many other things that are driving the market nymex, so i am not too concerned about elon musk longer-term. i think that this has been kind of the industry's maiden voyage with him and i think there is also number of people in the industry that have stopped listening to what he is saying. emily: meantime, you just came

jeff bezos, elon musk, warren buffett. the richest 25 people paying less in income taxes than most american workers. >>> good evening and it's great to have you with us here on a tuesday night. and there are several developing stories as we come on tonight. we're going to begin with that new warning from president biden about the delta variant first seen in india, now the dominant strain of coronavirus in the uk and spreading rapidly among young people 12 to 20 years old. dr. anthony fauci saying tonight, we cannot allow that to happen here. dr. fauci also warning americans that a study in the uk shows that the pfizer vaccine, for example, is only 33% effective against this troubling delta variant after one dose. but that it's 88% effective after two doses of the vaccine. of course, underscoring the importance of both shots. tonight, the numbers here. 171 million people have received at least one dose in this country. that's 61.2% of everyone 12 years and older. and there's news tonight about children in this country and t

and musk moves bitcoin again. he says that the company will resume trading with the cryptocurrency once they have cleaner mining. let's get a check on the markets. we seeing our -- we are seeing a mixed picture. the s&p 500 is down .3%. with that big tech outperformance, they may have soaking to do with the fact that yields are moving higher. the 10-year yield sitting shy of 1.5%. the biggest weekly decline in yields since last week. this may be market positioning for the fed decision wednesday. wti crude is higher, $71 a barrel. bitcoin is higher as well, elon musk weighing in on the currency. that may be boosting sen. we are back above $40,000 for the first time since may. breaking news out of the u.k. as well related to vaccinations. two shots preventing most hospitalizations in a u.k. study. let's listen to prime minister boris johnson. >> when we set out on our roadmap to freedom a few months ago, we were determined to make progress that was cautious but irreversible. step-by-step, thanks to the enormous effo

emily: what is the weekend without a comment on bitcoin from elon musk? meantime, in washington, the head of the justice department's national security division is stepping down next week. he faces heat about what he knew regarding the agency's subpoenas for data from big tech companies including apple, google, and microsoft. i spoke with microsoft president and chief legal officer brad smith earlier on one he says these gag orders need to stop. brad: what we do know is clear, the doj used its authority in the trumpet ministration to pursue an investigation of these reporters and people connected to congress rather than serving a warrant on the individuals themselves. they went to the tech companies that had the emails or text messages. they went to apple, google, microsoft. they not only served the warrant, they imposed gag orders. it was not until those that is when we first found out the magnitude of this. now it has come to light and i think it raises a very critical issue about the way that this law enforcement process should work. emily: what do you

jeff phasers, one of the lawn musk, and they pay less taxes than most people. while living mind blowing, lifestyles pro public revealed that pays those paid no taxes in 20072011, while musk payton on in 2018. the billionaires don't seem to have done anything illegal. they just use tax avoidance strategies beyond the reach of ordinary americans. super billionaires get their well from the growing value of their assets . they're only taxed if they sell those holdings. president joe biden has said he wants to raise taxes on the wealthy. good afternoon. no one likes to pay taxes. i know with my dad, you say it's a small price to live in this country. i firmly believe we firmly believe the need to make our tax system work for the middle class. that's why i think we should ask corporations in the top one percent to start paying there for a share and why we should crack down on millionaires and billionaires. we're escape taxes by cheating. meanwhile, the internal revenue service has been hit by years of budget cuts and low morale, leaving it less able to enforce the la

elon musk has decided to sell his last remaining house.t's wheat he announced he would put the bay area home he dabbed, special place, on the market. the decision comes a week after propublica reported that musk, bezos, and warren buffett paid little income tax compared to their wealth. -- relative to their wealth. musk said he will continue to pay california taxes in proportion to the time he spends in the states. he primarily resides in a rented house in texas. coming up, food delivery app doordash is growing its international presence and in an exclusive interview i speak to the president of doordash next. , this is bloomberg. ♪ ♪ emily: doordash benefited from the pandemic boom in food delivery of course. now, the app is expanding into asia. they hope a partnership with petsmart will help them cater to pet owners. joining us, the president, christopher payne. this partnership with petsmart will bring pet supplies to doordash customers. how big a market is pet supplies for you? christopher: thank you for having me. today is a great anno

musk, our goal is not to go bankrupt, and if we succeed not going bankrupt, that will be great, and we can move on from there, it's going to be interesting. >> high bar. >> it is >> not going back, high bar. half these companies that we see rip ringing the bell. >> spacex could be worth $100 billion at some point in the next round. >> then the last mile is much more important >> 1,500 satellites is nothing to sneeze at, right? >> no, that is >> we might be talking about that ipo one day soon. >> absolutely. >> as woe go to break, take a look at how treasuries are performing, chicago pmi is coming up in a couple of moments. that's the lowest since about june 21. the dow turns some early losses into gains 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.

. >>> elon musk likes bitcoin, at least for today. we have all of that ahead. we start with today's market d o m is here with the number. >> they mean like bitcoin but they don't like the market so much overall today you can see the losses right now are fractional with regard to the dow industrials just down 267 points one-third of 1% downside 42.33 the last trade there record highs we did set on friday not too terrible in terms of context overall. if you look at one of the big macro trades playing out, you mention the energy boom. oil prices right now are already at three-year highs. got to go back to october of 2018 to kind of get a sense for where this oil price was at that point. remember, it wasn't that long ago. negative crude oil future. keep an eye on the oil prices above 7 1 dollar a barrel. some of these stocks are associated with that bitcoin and or crypto currency trade up big so far today after we're seeing some of that move higher in bitcoin prices thanks to elom musk one last place to watch. if you're wondering what the next meme stock would be,

shareholders were not happy to see those tweets from elon musk.s amazing that he can move the price of that, he owned a lot through tesla, he can say good things and the price goes up i wonder if he wants to buy cheap, we will see, we have more actionable ideas than bitcoin let's go to carlton, what do you have for us. >> i'm taking a look at dropbox the stock hasn't done much since its ipo three years ago we discussed an activist in it and even before elliott staked the company was looking for ways to boost margin and monetize 700 million users and there is also talk of it being a potential takeover target in light of the acquisition by salesforce, it's one to watch. jack: it's very interesting, what he looking at. >> oil had a great week it set to a half-year high and it's a great way to play, strong balance sheet that have gone up a lot but if oil goes higher it's a great way to play. jack: certainly a classic recovery play, thanks a lot for that. jack keep an eye on bitcoin. to read more checkout bearings.com, don't forget to >> from the fox s