nfts.flag tricks or nonif you thinkable tokens? whatever they are, everyone is talking about it. >> what is this new system? where digital only products are bought and sold? >> the painted work by the robot known as sophia sold for $700,000 at auction. >> a robot painting worth $700,000? that's definitely a scam. to find out exactly how the tech gurus are screwing us this time we spoke to the top tech bro. >> it's not a scam. definitely can make money with nfts. >> because you said so. >> yes. >> mark, level with me, is this like the mavericks where you got stuck with nfts and you're trying to convince everyone it's cool. >> nfts are really a game changer. i can issue an nft to allow you have ownership in my house, in that trophy mind me. you can spend 25, 50, $100 on great collectible art. this stuff is just starting. it's going to get bigger and bigger and bigger as more people understand it and become comfortable with it. >> trevor: i don't know what the (~bleep~) it is. >> it's just a s

like in the nft world?l world, people may not sell it for a long time and it stays with them for many years before it gets turned over. what is it like in the nft art market? >> during the first bull run, some works were being sold 15, 20 times and would go from one dollar to $100,000, just being turned over and turned over. that was a bit of a fall start. -- false start. now people are buying nft art and holding them. they are collecting them and valuing them as artwork rather than as an investment. ultimately that is where people should be looking at the nft art world, as collecting, not a new way to speculate on some asset they don't understand. these are not stocks. these are not even cryptocurrencies. these are artworks with intellectual property and ideas. it is important that people who collect art and nft's understand that. we are starting to see nft's and the whole crypto art movement show up in art basel, where even just in the next booth nft's are being shown. nft's are made by artists at the top

but also like you mentioned, for nft's, and new artists. what is this?eal community of artists, digital artists, that are revealing their work to the world, selling two months ago for $16.9 million. two days ago, and our major sales in new york, we saw again -- digital artworks sell for $50 million. so this market is about ray ready -- about rarity, about authenticity. joe: talk to us about the type of collector that is dipping their toe into some of these nft's. is that the same collector buying up a monet? >> not for the moment. but that is coming. not for the moment, because for instance, what we saw is two months ago, 34 bidders bid in excess of $1 million. 30 out of 34 were new to christie's. it is collections only accessed in the digital world. we did not know that. since then, we have traditional clients interested in the crypto art. being interested in the, you know, sometimes cryptocurrencies. it is a new reality in the art market. it started with only the crypto community. the digital community. but it is clear it is now going beyond. we are th

listen, first thing is we won't call them nfts. we don't call them nonfungible canvas or nonfungible baseball card. >> true. >> in just the same way, we will not be calling these nfts in the future. we don't call them by the technology. we call them by what they are. and what they are are digital assets. and all of the world's assets and all of the world's monies will be digital in the future. that's an inevitability. the chinese get that, the u.s. is starting to get that. we will have digital dollars, digital real estate and digital funds. it makes no sense that most real estate is paper based in a digital world. we will have digital real estate. you and i will buy houses electronically in seconds, not in 60 days, which is what it takes to get all the papers signed. >> so long as the house itself is a physical object. matthew lemerle, you dragged me down the path a little there. fully convinced, i'm not sure, but i appreciate you educating our viewers. matthew le merle is a venture capitalist and author. we appreciate him being he

move into digital collectibles in that area it is also hiring engineers for that nft division.ell-off in some of the meme stocks last week and the other speculative assets, of course, cryptocurrency bitcoin is recovering a bit from the crash last week. it fell to roughly $30,000 last wednesday. it is back around the $40,000 level, about $38,000 today once again, a big driver, elon musk he tweeted about bitcoin and a mining council and plans to address the environmental impact of cryptocurrency mining that is boosting some morale around cryptocurrency this week. musk though denying he has influence over the crypto markets and doegecoin in particular responded to a tweet calling him the doge ceo he said his ability to take action is limited. deidre, back to you. >> i'm not sure we will buy that, especially as we track the markets in relation to every little thing he tweets kate, thanks for that. >>> as we head to break, getting a check on shares of virgin galactic initiating with a buy price target up $35, says that as tourist space flights gain traction it will be a positive cat

. >> you will never guess it tillman wins the first ever cnbc nft auction. nearly $200,000 raised for charity. we'll talk to the generous winner as "power lunch" starts right now. >>> we begin today with the crypto comeback. bitcoin is higher today near $40,000 once again still down 30% in may and down 40% from the all time high over the past four years bitcoin tended to be a leading indicator for stock just the tops proceeded short material tops in the s&p 500. like wise for bottoms. way on the right side. you can see the recent drop in bitcoin. what does it mean for the s&p 500? let's ask jc o'hara, chief market technician at mkm partners what does the chart tell you >> thank you for having me everyone seems to look for leading indicators to help forecast the next directional movement of stock. currencies, commodities and bonds and bitcoin did a good job of signaling economic market tops and equity market bottoms bitcoin is a relatively young asset and don't have too many examples the point to but we found the sample sizes to be meaningful enough to take t

maybe i'll have to bid for the nft.outube aonn nft coming up later on "closing bell." our bror t that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world is going hybrid. so, why not your cloud? a hybrid cloud with ibm helps bring all your clouds together. that means you can access all your data, modernize without rebuilding, and help keep things both open and secure. that's why businesses from retail to banking are going hybrid with the technology and expertise of ibm. >>> we've got an earnings alert on palo alto. >> hey, sara, it's another beat. earnings per chair at $1.38 versus $1.28 expected. revenue at 1.07 billion versu

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it is set to be deleted and sold off as an f -- no, an nft. >> come on, come on. >> what is an nft, youo all of us. >> i love this. >> i know you do. there are never enough hours in the day. so we made classes you can take at any hour. take online classes any time day or night, at university of phoenix. tonight, i'll be eating a pork banh mi with extra jalapeños. [doorbell rings] thanks, baby. yeah, we 'bout to get spicy for this virtual date. spicy like them pajama pants. hey, the camera is staying up here. this is not the second date. in business, it's never just another day. it's the big sale, or the big presentation. hey, the camera is staying up here. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— okay. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. dignity. it demands a rapid covid test, because we all deserve an answer. it demands your heart st

our first nft is being auctioned off for a great cause in honor of a legend.arl quintanilla. >> reporter: in 2008, the financial system was on the brink, and the s&p 500 tumbled losing half of the value, and on march 9th, 2009, it hit 666, and then the next morning, cnn market analyst mark haines made the call >> i am stepping out on the limb. i think that we are at the bottom. >> and he is the host of the morning show "squawk box" and "squawk on the streets." and he quickly became known as the haines bottom, and the s&p never went lower, and then he died suddenly, and that is 10 years ago today, and to honor his legacy, we are going to issue our first nft to honor that moment. >> and the auction is now live at mintable.app. you can scan the qr code on the screen, and the auction is going through wednesday, and the proceeds go to autism speaks which is a charity near and dear to mark, and the council for economic education. it focuses on financial lit raleigh. and cnbc is taking steps to make sure that all of the nfts are carbon neutral >>> old is the new youn

and continue to miss nfts is the smart contract.e of art, even though i've been doingling for a long time even though this is the beginning of me standing up an intellectual property that i'm going to be building for the rest of my career, what i'm trying to do is bring enormous value underneath the contract including 555 gift goats, my friend, that you will tooly when you buy that token, you register to the site and a minimum of 6 times a year over three years you're getting a surprise physical gift in the mail. what i've ton is created triggers to allow me to bring tremendous off chain value while using the on chain dynamics. >> ethereum is involved with a noncustodial wallet. that's how you do it there's going to be a dutch auction for most of these. do you have any idea what one of these would cost for starters? can you just estimate it >> yeah. >> where it do go? >> you know, the majority of tokens are going to start at 3 ethereum and dutch auction down to .5. i want to cap it we have way too many people putting out projects an

. >>> welcome back surprising high tax states, a scarce nft and a big short from a big shorter.tha coombs is back with the trending stories be bertha, what is trending on this tuesday? >> let's talk about new jersey the most expensive state for taxpayers to live. according to a study from financial technology company self new jersey residents pay an average of $930,000 of taxes over their lifetimes the next highest states are massachusetts at over $827,000 followed by connecticut and washington, d.c. and new hampshire. that's all compared to the nationwide average of about $525,000 over a lifetime >>> this might be a way to ensure scarcity for an nft the 2007 video charlie bit my finger is being auctioned off as an nft after its sale, the video will be deleted from youtube forever. currently most nfts are available to be viewed for free despite purchased for six-figure sums charlie bit my finger will be on youtube until may 23rd what stops somebody from downloading it and saving it >> recording it on their phone >> right i don't know >> just trying to figure it out. >> and final

so every piece is like 200 k recently i went to nft buy prime. my nft is sold by 250 k. crypto markets, but definitely, i think lots of people already got profit from selling to other people >> justin, markets moving very fast, and it takes a lot to help our viewers understand the changes. with your help, we appreciate it very much. thanks so much justin sun >> thank you thank you. >>> coming up, labor shortages continue to impact the dining sector we are going to speak with the ceo of red robin about that company's efforts to fully reopen >>> plus more from santa monica where morgan is camped out today. morgan >> i am camped out that is right, david new software that could help protect even save lives. coming up, we'll take you inside the cockpit of this berkut experimental aircraft to explain what i mean. stay tuned to "squawk on the street." i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hi

nfts are the new thing the family behind this video is selling it as an nft you have to wonder if this a bear case for youtube and google the auction starts next week, and the appropriately named website, these kids are now 17 and 15 years old. >> really? that is just nuts. wait a minute here, i don't know how the nft has value on a video that's been out there and presumably downloaded hundreds, maybe million times. >> 880 million views, right? they're saying if they take ownership of it, and don't ask me how the technology work, if they could be compensated in some way for people views it, then you think that they're going to be able to market the video to people who are willing to pay for that. >> nft owner can market is in. >> yes there's clearly more to this and still have them on these platforms. >> that's not anything like what happens in the evans household. >> no, it will be the actual biting and screaming while we try to resolve it. >>> folks, when we come back, walmart versus -- a move in the cryptospace that mighturise spr you, that's all ahead today on "power lunch." the wo

. >> reporter: sold as an nft do you know what it is?ticity. that can represent a scarce piece of art, or potentially merchandise. >> reporter: matthew lou and josh fraser are the tech providers in charge of launching the family's nft to target the growing number of collectors. >> it's very similar to why people buy traditional fine art, or sports memorabilia. >> reporter: the disaster girl rcently sold for half a million. ceo's jack dorsey sold his first ever tweet for 2.9. and bepple sold a nft for $69.3 million. >> we don't have any expectations and will not be disappointed, whatever happens. >> charlie! >> reporter: the boy's father a, howard, hopes the old video can help his sons now 15, in the future. >> it would be great if somebody thinks it's fantastic and they want to do whatever and it makes it easier for us and it means that harry goes to university and has a nice place to stay and doesn't have to have a bar job. >> no splurging on fast cars and video games? probably not. >> education takes priority. >> reporter: and while ch

, there's clearly a large audience interested in the nft aesthetic and possibility there.orld as well very interesting to see. >> how far along are you about nfts, if you will, for physical art? i know that may sound like an obvxymoron to some, but one thig so fascinating about nfts is the idea that the artist could participate in the art for some up side. banksy, if the art would sold in this way, could capture the lifetime value, 10%, 50, whatever it is where are you in that kind of conversation with artists? >> well, we're absolutely having all kinds of conversations there are some people who think that in addition to a physical work of art you should receive a token as well. there are some artists who are playing with the idea of you can receive either a physical work of art or a token but not both and you choose which and of course there are digital native artists thinking of it purely as nft. andrew, you and i can go to a museum, take a photo of any work of art and attempt to sell it as an nft but that doesn't necessarily mean it will have any value. >> finally, i ha

it the nft community said that price was too low. one of those was a rare alien. whole raging main yum, and estimated $3 million sold for $90 million, showed the nft market which had shown signs of cooling but the overall collectible market which soars higher >> robert, the $17 million nft, the set there, can they now break that set up if they want and sell them off separately is one or two of them more valuable than the collection >> yes and yes. i suspect, you know what we saw with some early beeple sales, beeple with the record of $69 million with his nft that also sold at christie's, previous beeples had sold we don't know who bought this. maybe we'll find out and have that person on "squawk box." yes, that is a common practice it's likely somebody will split off the alien or one or two other characters and sell them for even more. >> wow, robert frank, educating us on the world of money big money, we should call it robert frank, thank you, appreciate it. joe. >> you've got your eye on one of the punks, andrew? which one caught your fancy? >> just you. just yo

>> yeah, the nft market is really interesting for us and it goes so much further beyond nft 's.so yes the first drop on six original pieces those didn't exist the day before, in partnership with artist slime sunday generated almost seven figures there's been 4 55,000 dollars in secondary sales in which we participate as well on that, but we have a 10 million-piece archive, we have a 5,000-piece art collection and when we think about the long term potential of this as a significant revenue driver, it even goes beyond that archive. we think about the full experiences, you know, around halloween where not only can you participate in a playboy party in a virtual world but you can also participate in a live playboy party and then we can also outfit your avatar with playboy merchandise, that $3 billion of global consumer spend, all of this has no inventory cost, no capital cost against it, so for us, long term , it's a perfect blend of digital with physical goods. liz: i mean, this is a whole new world, and the whole pixilated phenomenon, that's a different story but when you look at

cnbc's first nft is now up for grabs. highlighting the day he said the s&p 500 hit a low during the depths of the financial crisis mark died ten years ago today. the auction is open until 10:30 a.m. wednesday we also have a set number of nfts going at a fixed price. all proceeds go to a charity that was a favorite of mark's. it's all up now at mintable.app/cnbc. one more note, this is a carbon neutral event. we're making sure we have no negative impact on the environment. >>> time for a cnbc news update. rahel solomon has it for us. >> hello, everyone here's what's happening at this hour the vast majority of los angeles public school students will be going back to the classroom this fall they will offer online lessons for students and staff members who live with immune-compromised family members earlier today the new york school system said it will only offer in person classes in the fall. >>> governor whitmer lifted a requirement that prohibited on-site work if the employees' jobs can be done remotely. >>> and in arkansa

one of the first viral videos ever to go viral may be removed from youtube as it becomes an nft. that of course, is a non-fungible token. we've talked a lot about those here. more on that. >> using the google machine this morning. >> exactly. we'll be back in a minute. >>> "good morning america" is sponsored by state farm. like a good neighbor, state farm is there. ♪ oh, just one. jake from state farm, it's the least i can do. you really did me a solid with that “maya markdown” on my insurance. here's the deal maya, state farm offers everyone surprisingly great rates. right. there's no mar just great rates. pull around back in 20 minutes. i'll hook you up with the good parts. when you want the real deal... like a good neighbor. state farm is there. my dvt blood clot left me with questions... was another around the corner? or could i have a different game plan? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98 percent of patients on eliquis didn't experience another. and eliquis has s

let's bring in ron, senior analyst, commentator i spent 2 million this week on the ron nft. i hope i didn't make a mistake mack a case -- >> i didn't. >> for why you think -- but why you think cryptocurrencies and bitcoin may be particularly are going to lead investors to their doom. >> i agree with barry dillard 1,000% we have entered crazytown in crypto land. there was day trading and my very good friend david getting into that. he recommended safe moon which is five zeros to the right of the decimal point and not knowing whether it's a scheme or a legitimate cryptocurrency or whatever you want to call it today down 30% two nights ago clue coin launched and value to 125 million in hours sovereign governments will outlaw as kelly was suggesting the cryptocurrencies there will be a digital dollar you don't need a safe coin i would agree with barry dillard that this is a mania, a fad, plain nuts. >> are people going to go to jail over this one way or another >> i don't know. it's hard to say elon musk for whom i have respect and so many ways a genius and a transformational fi

part of that is because the red-hot nft market. i spoke with several analysts about nfts.old me. >> people are paying for them. they paid for them until they don't, and right now they're a success, people are making money, and it could be in the early stages. i would think we're in the third inning of that because it's just starting to make headlines. >> so thened lying infrastructure -- underlying infrastructure is here to stay. and what you're going to see, this is basically web 3.0. >> if you're interested in enriching the celebrity class, this is potentially a very interesting market. cheryl: tim was telling me, look, celebrities and also charities are going to benefit from this nft craze, but is this something that we should start to look at seriously? >> i think so. i think, you know, if you look at some of the let's call them deals that went down this year whether it was jack dorsey's first tweet or the $69 million art piece or the original photo of the girl in front of the fire, i think digital art is a new kind of art that has just become part of our culture, and

ella es su nft.ta millones. borja: lo que es tener dinero, mucho dinero. vamos a hacer una corta pausa mucho dinero. vaellos están aquí para pausa recoger la misma medicina, saben que el costo está fuera de control, pero uno de los dos está retomando el control con goodrx, él está pagando mucho más, ella solo esto. pague menos por sus medicinas, descargue gratis la aplicación hoy. atención, california. ahora hay un nuevo fondo federal de 3 mil millones de dólares para ayudar a más personas a pagar su seguro médico - sin importar sus ingresos. eso significa que andrés y teresa ahora pagan $700 menos cada mes. sara obtuvo cobertura integral por solo $1 al mes. y la familia navarro está pagando menos de $100 al mes. revisa ahora para ver tu nuevo precio más bajo. cuanto antes te inscribas, más ahorrarás. solo en covered california. tu seguro médico empieza aquí. ♪ ♪ carolina: seguimos en viva contigo en la ediciÓn digital. i made it. te mostraremos el vÍdeo viral en tiktok que hizo karen. borja: una jov

nft's. you're doing an augmented hologram, of your championship ring. say you want more people to learn about crypto in blockchain. particularly people of color. >> just trying to move the culture forward. with black people and technology, it is a little different. we are still going through some variations. we have to get some licensing or approval to move forward with it. just trying to move the culture forward with this and open up to other people. seeing what potentials they have. romaine: the growth in nft's or the attention around it, a lot of that has been fueled by the nba. the nba seem to be one of the first organizations to embrace it. what you think was the reason for that and why do you think fans are so receptive to some of these products? >> i think a lot of athletes have gotten into it. the nba is one of the first groups that people look at when it comes to anything. not just technology, not just bonds. culture movement. everything goes on. we shut down, everybody else shuts down around us. we do a certain movement and everybody follow su

that is what gamestop is using to make nft's.nk used the platform to sell its first digital bonds. from the european unions finance arm. let's get the bloomberg business flash and for that we go back to london and laura wright. laura: china's huarong has made its biggest payment. sources tell bloomberg that it is adding to signs that it still has access to near term liquidity. it has yet to make a payment since its boot investors. credit suisse is considering retention bonuses for top performers to keep bankers from jumping ship in the wake of the greensill and arche goes issues -- archegos issues. qantas is offering unlimited flights for a year as part of a pool of prizes for people that have had covid-19 shots. the biggest incentive yet from an australian business in a bid to accelerate the vaccine rollout. previously announced awards included a loyalty program. at is the bloomberg business flash. dani: laura wright in london, thank you. a breaking story. china will allow all couples to have a third child. that as the country a

it has defi built on top of it and nft's built on top of it.he three major thrusts of the crypto revolution are being built on top of the theory him. there are competitors that are faster and process quicker and less decentralized. >> what is the next leg for ethereum, the next use case perhaps that will send it higher? >> everyone always -- ethereum went from 800 to 4000 in five months and people are like, how does it get higher? it has had a great run and people understand that. it consolidates for a while between 3000 and 4000 or 2800 even, that is probably pretty healthy. there are some technical changes coming to the if theory him protocol the summer which -- the theory him -- the ethereum protocol this summer. bitcoin is a finished product. ethereum is a work in progress but it has great momentum behind it. >> i'm curious. people were excited about the banks. how much money has come in through the wealth fund? morgan stanley made that available. >> morgan stanley was the first to come out of the chute. i think all the other banks are comi

the point where we've wiped out enough of the excesses in the stock market because we worked over the nft deal and spacs and, you know, bitcoin is having its own issue today. maybe that was next on the list. and the arkk stocks have had a big comedown, too. i thought stocks were nearing the end of this. this action today and over the last couple of days would suggest otherwise. >> no, i disagree with that. i think -- and the catalyst will ultimately have to be -- it had a very bad reaction to extremely positive earnings. that's exactly what happened in 2010 coming off 2009's sharp rally. you need to next get positive earnings and see if you can get the strong response. are you obviously not going to get that until july. scott, i think investors are unfortunately accustomed to having very fast corrections, very fast recoveries this time around, to work off this excess leverage, you're not going to get it. is there excessive leverage right now in commodities potentially. is that the next place potentially that you're going the see it unwind? that could unfold. it is going to be like this ov

cnbc icon mark haines his historic market call at depths of the great recession now auctioned as an nft to benefit charity of course. carl >> we're going to talk a lot more about that worthy cause, david, in the meantime, bitcoin volatility, jim, definitely does not take the weekend off we've had several days in a row now, many of them with double digit either drops or gains. >> it is incredible. when you're trying to, i'm a gardner, and i come back after planting my tomatoes and it's like, what, down 11% what happened? and that's what the issue is what happened? and i've got to tell you, as someone who owns both, well, i own bitcoin and i own ethereum, i'm getting 5% to own them now, how they're able to pay me that i don't know david, how am i able to get -- >> you keep asking me and i don't know the answer. i don't know that i want to crypto but i would love to get 5%. >> i don't understand the point. why can you get such a good rate and it is down so much. >> where are you getting this rate you keep talking about it and i think you're making it up. >> i would love, would you like me

as use cases start to come out, we need more than just nft's.tion is reduced and timed to validate on the blockchain with some alternative coins is reduced i think we will see more uptake in the future. emily: all right. fascinating and we will see how miami evolves. jon oringer, co-founder, thank you for stopping by. an update now on that story we brought you at the top of the hour that everyone has been talking about. colonial pipeline has initiated the restart of its pipeline operations after that massive attack. in a statement we just got from colonial pipeline itself, they are saying following the restart it will take several days for the product delivery supply chain to return to normal. some markets served by colonial pipeline may experience or continue to experience intermittent service interruptions during this startup period. they will move as much gasoline, diesel and jet fuel as is safely possible and will continue to do so until markets return to normal. all right. coming up, u.s. states getting creative in how to get more people va

that's an nft it's it's the it's on the cloud. it's on your phone. it's on a thumb drive.it's like a like an old-school trading card. but. so she sold it to someone else. you made half a million dollars. someone really wants that. >> that much. well. can we go to his birthday party parade tomorrow. i would love to. i don't really fun that. that's the best story of the day. by the way, and hands down. happy birthday to him. and that's a great way to end kron 4 news at 5. thank you for being with us this hour. but obviously we have a lot more coming up on kron 4 news at 6 and wayne and catherine heenan hour here now with a look at what's ahead tonight. you want to go because you want to bird which i can't say. i blame you. thank you. i want to bring coming up 6 o organist fighting a new surge of covid cases. the governor now extending the state of emergency will have the latest on. >> tighter restrictions and record breaking and deadly surge of covid in india. now president biden set to impose new travel restrictions to and from the u.s.. >> we'll hear from bay area resident

and we speak to rock and roll hall of fame legend bootsy collins, just released his latest nft.three under his belt already. we will talk to him about music, blockchain and bora. first off, let's get our focus on the moving markets. amanda: it is hard to look away when the context is the inflation data. markets are lower, close or at session lows. the broad s&p 500, every subgroup negative except energy. energy getting a boost along with oil and what considering go inflationary move. some commodity prices hitting new high. cpi data is playing in. u.s. treasury at 167, not its peak for the year, not too far off, certainly assign investors continue to watch. inflation, by some measures the biggest since 2008, has many wondering how transitory is transitory. for what it's worth, when we look at the data, we know there are these year over year effects. we are going to be mindful of that fact. we are going to see abnormalities in the data as we come through pandemic. when we look at the different inflationary pressures by sector , it is hard not to see that showing up in the wallets

the family auctioned it off this weekend as a non-fungible token or nft.clusive rights to own the video for more than $760,000. >>> veteran golfer phil mickelson made history at the pga championship on kiawah island, south carolina. >> here it is, the biggest moment of a legendary career. phil defeats father time. [ cheers ] >> at the age of 50, mickelson became the oldest golfer to ever win a major tournament. crowds which were allowed to return after pandemic restrictions kept them away last year swarmed mickelson as he walked up the last fairway to the green yesterday. it's the sixth time he's won a major. >> it's also very possible that i may have had a little bit of a breakthrough in some of my focus, and maybe i'd gone on a little bit of a run. i don't know. the point is that there's no reason why i or anybody else can't do it at a later age. it just takes a little bit more work. >> mickelson also won the pga championship back in 2005. >>> and olympic champion simone biles did something no other female gymnast has done before in competition. take a l

all you need to do is bid for it in nft, those digital tokens.uarium of the bay at pier 39 is launching nfts to raise money. people can bid for the first one featuring a giant 15-year-old sea bass. look at that. could be a cute little you. the winning bidder gets to name it and you'll know exactly what you're doing for the rest of its life. >> i'd rather have a little fish like dori or something. just saying. a minnow. >>> up next on "today in the bay," concerns across the bay area this morning continue after damaging some spots last night. >>> plus, the wind not helping firefighters in the east bay. what we're learning about the cause of this massive house fire that sent up plumes of smoke that could be seen for miles. i was born in hawaii, but i'm not really hawaiian. because we moved to maryland when i was a baby. that's where we got tobie. and then mark was born in california. so for me, home is come on rose. lowe's is honored to save military families 10% every day. >>> right now at 5:00 powerful gusts of winds leaving damage to parts of the

you can bid on all sorts of warriors nft's including various championship rings.des a physical ring as well. the high bid is more than $28,000. there are also tickets some of the most memorable games including the 2007 we believe team's game 6 blow out of the dallas mavericks oracle arena the auction for the one of one nft's ends tomorrow. >>> happening today the giants community funds glove drive is being held. it benefits jr. giants, funds raised will provide gloves to 12,000 kids. the giant's manager and out fielder will join on facebook live. fans who make a $20 donation to the fund will receive a jersey, pen or giant's heart flag pen. >>> and a full slate of sports is ahead today. the warriors take on the rockets at the toyota center. 4:30 p.m. you can watch the game on our sister network. this afternoon the a's face the orioles. first pitch is at 1:07 and the giants battle the padres at petco park. that game starts at 5:40. >>> day 3 of the nfl drafts starts this morning and you can see it here starting at 9 a.m. >>> and last night the 49ers added three more

it's being auctioned tonight as an nft. you know, that is don't. okay.l, if you don't, we'll explain and want to tell you how much charlie's fingers were. >> it's going to into the nft did tonight is need your your >> yeah, >> you did. and they may remember this video was uploaded to youtube 14 years ago this is the good old days. right of iran. charlie bit my finger video has racked up 883 million views since then. but it's now been removed from the website and auctioned off as a non fungible token, which is an ft and that's digital deed to the original content. met original content. the winning bid went from over $760,000. so think now charlie's 15 years old. >> yeah. i wonder what they're going to do with the money, though. the family. whoever bought it. they owned it is wall, though, on the video. but obviously the video. >> the money has to go to family. >> they're coming me, no follow-up questions. in the script. i know i have a lot of money no centre college. we've got to get into the nft here to lying about those but we're in the news we'll be ba

. -- nft's. they allow people to have ownership, certified ownership of these clips.gous to baseball cards. basketball cards. there were other rage. digital baseball cards, they don't to grade, you do on them. i think nft's have democratized collecting and have allowed people to buy the things they enjoy. it is no different than baseball cards, it is a modern-day collectible. emily: everyone is talking about what the new normal is and how much the old normal may come back. people will be working from home but what about sports? is there anything you learned from the last year? will it change the way the game is played? steve: i think we learned that sports is a great unifying force. even in this pandemic. i think the pandemic really hit home with me in terms of how important these gatherings were. it is proven how well he will sports are to the nation. we are really glad to be part of that. in terms of the work environment, i think you will see changes. i have to say that the productivity of our business, we may look at four or five businesses, you cannot look at 10 o

nfts will be listed by trusted sellers, trading cards, music, entertainment and art.o expand the policy and tools in the future to allow more items after gathering feedback. >>> hennessy is anticipating a post covid renaissance as consumers flock back to reopen bars and restaurants and splurge on pricier drinks to celebrate. the company which owns moet, krug, hennessy and other brands says people are clearly trading up, and now money to burn because spending opportunities had been limited during the pandemic on booze, so in the u.s. they say this is a boom for cognac, hennessy is struggling to keep up with demand. marcus and laura, as long as the rose keeps flowing i'm fine. >> i don't understand the cognac, i feel i do my part keeping the supply going. lord knows i love my cognac. >> that's probably it, right? >> i might be the only one. thanks, bertha. >> cheers! cheers! >> cheers, cheers! >>> coming up next on "today in the bay," how close is the bay area for reaching herd immunity? a prominent ucsf doctor is weighing in on when it could happen and what it could me

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will be paying attention to in silicon valley and maybe bidding on >> about time we have the first nftiend when mark haines died he is remembered for a lot of things certainly for the haines bottom when he called the low on march 10th, 2009 >> i think we're at a bottom i really do. >> in honor of mark, we are auctioning off the nft of the famous call of 2009. also selling a set amount of tokens for anyone who doesn't want to participate in the auction. it is online at mintable.app/cnbc. it goes live at 9:00 eastern and ends at 10:30 wednesday morning. all proceeds go to autism speaks, a favorite charity of mark and financial literacy. go to mintable.app/cnbc. we are purchasing carbon offsets to make sure we have no negative impact on the environment. becky. >> hold on i'm going to bid, joe. just to create a floor maybe i'll be the winner i think of this as a charitable donation to autism speaks which is a wonderful foundation. and the council for economic literacy i was thinking a floor of $1,000 or $5,000. the question is, do you think i get out-bid at those prices? is this going to g

you have the nft >> i'm the ringer here i'm trying to talk down the price.we come back on the other side of this, the disruptor 50 list. which companies made the cut and which companies were left out. and don't miss this. brian chesky will be here to breakdown the latest changes to the platform >>> as we head to break, the look at s&p 500 winners and losers we're back after this. >> announcer: executive edge is sponsored by at&t business our people and network will help keep you connected let's take care of business. dif. . okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. you did it. a steakhouse with a vegan menu... that serves dinner at 4:30. personal assistance just a text away. one of the many things you could expect when you're with a

the nft craze hitting a fever pitch.simplifies the buy and sell process with the help of major celebrities. we're back in two minutes' time. (vo) nobody dreams in conventional thinking. it didn't get us to the moon. it doesn't ring the bell on wall street. or disrupt the status quo. t-mobile for business uses unconventional thinking to help you realize new possibilities. like our new work from anywhere solutions, so your teams can collaborate almost anywhere. plus customer experience that finds solutions in the moment. ...and first-class benefits, like 5g with every plan. network, support and value without any tradeoffs. that's t-mobile for business. i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the on

there are other notable nfts out there, images that launched a thousand memes but it wouldcost too muchth of the equator, northeast of new zealand, sort of east from australia, there is an american territory. it is the only inhabited american territory that is in the southern hemisphere. there's about 45 50,000 people who live there. that's called american sumo. but american samoa, that u.s. territory, it's not to be confused with the nation of samoa. which is an independent country in that same group of islands, where the american toward tory of american samoa has

discussion thank you for joining us matt simpson >>> starting at 1500, cnbc is launching the first nftuction. he predicted the market had hit rock bottom. he was right a year later, the s&p was up 73%. >> $2 trillion there's $5 trillion. that's money that's not coming back in. >> right sdplchlt however, i'll step out on a limb here. >> hold on >> i think we're at the bottom >> mark died send years ago today. to honor him, we are auctioning off the ft all proceeds go to charity half for autism speaks and the other to the council on the economic education for financial literacy if you don't want to participate in the auction, we have nfts for a set price. the auction starts in a few hours. do to mintable.app/cnbc. >>> coming up, we speak with the ceo of co-diagnostics. they look to develop covid tests for ina.di don't miss that after the break. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses

is the nft craze crossing over into the physical world. crypto bucks -- i don't know people just need to grow up. >> well, desire for collectibles there's a couple of cross currents here. there's growing desire in general for people to have collectibles, to own physical objects. nft is separate but it overlaps a little bit we're seeing this in comic books. we're seeing this in baseball cards. i collect old 60s rock posters those have gotten more expensive too. you get the idea people want to own some physical object there's some obsessive aspect because there's games that are involved it's more than a collectible there's gaming elements associated with this i'm very agnostic. you might say what kind of idiot will spend as much on pokemon? who will do it for comic books somebody paid $3 million for super man the other day. >> what do you think would happen if elon musk tweeted about his favorite pokemon >> i don't want to think about that you'll probably have to rush whatever exchange he was listing it on would probably crash collectibles a

want to check in on cnbc's nft auction. the bidding has been extended. highest bid 22.15 ether. proceeds go to charity cnbc has raised more than $88,000, $88,000 a nice back and forth there. john legere, mark cuban. that will do it for us on "squawk on the street. "techcheck" starts now ♪ . >>> good wednesday morning welcome to "techcheck. i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin today, amazon buys mgm, a re-set on amazon's streaming strategy this hour. meme stocks making a

artist beeple sold an nft for a whopping $69.3 million. >> we don't have any expectations.r happens. >> charlie! >> reporter: the boys's father howard hopes the old video can help his sons, now 17 and 15, in the future. >> it would be great if someone thinks it's fantastic and they want to do whatever. it makes it easier for us. it means that harry goes to university and has a nice place to stay and doesn't have to have a bar job. >> reporter: no splurging on fast cars and video games? >> probably not. >> not for the most part. >> education takes priority. >> reporter: while charlie may have found biting his brother funny -- >> that really hurt, charlie, and it's still hurting. >> reporter: when the nft is sold, it's the family that could last ones laughing all the way to the bank. for "cbs this morning," ian lee in marlo, england. >> still tickles my funny bone. one person who won't bite finger, nate burleson, of cbs sports. our our green room. he's got the stories you're talking about today -- got the shorts. he is ready. >>> first, it is have you ever seen this before? s

cnbc is launching the first nft for two great causes ten years ago today, cnbc lost our dear friend mark fixture since the network's launch maybe for the haines bottom when he called the low on march 10th, 2009. >> i really think we're at the bottom >> in honor of mark, we are auctioning an nft. we are selling others as well. it is all online at mintable.app/cnbc. it goes live at 9:00 a.m. this morning. it ends at 10:30 a.m. on wednesday. all proceeds going to autism speaks and the council for financial literacy by the way, it is a carbon neutral event. we are buying carbon offset credits. check it out all for a good cause and mark haines. >>> let's get to the other stories as well. kristina is back with those. >> you have a bipartisan group of senators reaching agreement on a $300 billion transportation package. it will go to the highways and roads and bridges. the previous expired last year and congress passed an extension which ran out in september this comes as the biden administration and the republicans struggle to strike a deal on the broad er infrastructure package. >>> jurors in