crossing the key $50,000 mark since may we'll break down where the digital coin is going next crypto punk nfts are rocking out in a big way what is behind the craze can it last. we start off with a big green light for the markets. the s&p and dow jumping today, the na z da nasdaq setting a new record close. the move opening the door for broad vaccine mandates president biden today calling on more private employers to require workers to get a shot, that after new york city public schools and the pentagon made similar calls for their staff. what will vaccine mandates mean for the reopening trade. they were on fire today, guy, for good reason. >> hi, mel, how are you? >> it's interesting, obviously that's the news, that's the headline we're talking about i thought on friday when you saw that the fed was going virtual at jackson hole, i actually in my crazy mind i'm like that's a very bullish sign for the market why? because they're going virtual, talks about maybe they got some air cover on the back of this. who knows, but obviously this headline that we're talking about now makes all the differe

matt: we minted 10,000 nft is all around -- nft's all around tom brady.t was the first drop we ever did on draftkings orchid place and the debut of autograph which is the nft content business. that was our debut. what we saw was a tremendous turnout from our audience. we knew there was going to be an extremely strong demand for digital collectibles for -- from our millions of users. we understand that space and our customer. we understood this was multiples of what we had available. everything we put up across five drops, starting at 3:00 p.m. yesterday, everything sold out instantaneously. it was amazing to see. emily: it seemed that the nft fat had passed. our people seeing these as collectibles or are they seeing this as an investment and speculating on rising prices? >> at think in many ways a lot of people are starting to figure out there is not a big difference between a digital collectible and a physical collectible. if you equate the tom brady drop with his rookie cards he is selling -- the ones that are being sold on ebay, it is $.15 of cardboard

it is a really exciting time for nft's.perspective and fts have been around since 2017 and this recent surge in excitement is really the accumulation of a lot of hard work from a lot of companies in the space. there is art, collectible, virtual world, so much activity and momentum around. there is something around athletes that allows them to sell these digital assets directly to their fans and to people who want to engage in these projects so it is a really exciting time and we are at the center of all of that. emily: so we are at the point where you can own a piece of the song, own a piece of a movie, owning a popular sports play. do you see that going mainstream ? >> i do. there are opportunities for everyone here. gamers have been trading digital assets for a long time. they know how valuable digital content is within the value of gains. artists have been looking for ways to engage with their fans. musician, athletes, there is opportunities for everyone. so there are use cases for nft outside of art, for example event t

kurt: you mentioned nfts a few times. i'm curious what facebook is thinking about nft's. facebook feeling right now about nft's as a product for consumers? david: it's too early to talk about our plans, but we are looking at a number of ways to get involved in this space because we believe we are in a good position to do so. when you have a good crypto wallet like novi will be, you have to think about how to help consumers support nft's. while there is no immediate plans i can talk about, we are definitely thinking about this. it's really an area worth exploring and one where we can have a positive impact for both creators and consumers on the others. emily: david marcus, head of facebook's jewel wallet project, novi, former head of libra. a who's who of tech ceos will head to the white house to address concerns over a recent and dramatic uptake in ransomware. tim cook, andy jaffe, sasha and idella expected to meet with president biden to talk about efforts to improve cybersecurity. also invited, representatives from the inking, water utility and energy sectors, all victi

nft's are huge and huge growing market. billion dollars in crypto sales alone.ust amazing to see bitcoin maximal is him is alive and well in 2021. it is unbelievable. emily: does it? gary: what is weird about this visit is actually religious. it is sort of an argument for who gets to go to heaven. is it did quite maximal lists, or ethereum, or one of the other points that we haven't even heard of yet. , the closest analogy i can make is that ethereum and things like it, that is more of a company. bitcoin does not change. but to take that analogy further, inge bitcoin maximal list to me is that being a commodity trader who refuses to believe that there can be two companies, teams working on new software and attacking new markets. i have been a vc for 10 years and seen hundreds of companies reach market. i know that can be true. i am not an ethereum maximalist, i am not going around saying that commodity traders should not exist. i think there is real value for bitcoin. all i am saying is that i actually think that protecting proof of stake, protecting validator's

in nfts earlier this year.ll my different traits and base layers which i fed into an open source _ base layers which i fed into an open source python script, open source to buy another— source python script, open source to buy another collection called boring bananas _ buy another collection called boring bananas i— buy another collection called boring bananas. i fed all my traits and base _ bananas. i fed all my traits and base layers into it which generated my weird _ base layers into it which generated my weird wales. i set up a minting page. _ my weird wales. i set up a minting page. a— my weird wales. i set up a minting page, a smart contract and posted a thread _ page, a smart contract and posted a thread on— page, a smart contract and posted a thread on how i was able to do it at such a _ thread on how i was able to do it at such a young — thread on how i was able to do it at such a young age. the thread went viral and _ such a young age. the thread went viral and people delay connected with my— viral an

and you're seeing it in nft's and a lot of different places now.ut we are still in the early stages. there is a lot more innovation to come. when the app store first went online, we are going to seen explosion of creativity and ingenuity and it's going to be really exciting to watch. it's going to really finally give more value attributed to people who created it, to the users, to the gamers to the people doing the work. emily: meantime, you've got another famous community builder, jack dorsey, trying to build a decentralized social network. do you think because he believes that community management can be a liability? alexis: i think it is a very smart future. i think of it from a standpoint of we know, we know that at the end of the day, content creators and community builders are driving the value of these networks. they are the reason why people want to retweet and like all these things. and we're seeing them come at odds with a lot of their original platforms. and i really think it is incumbent on the existing social media network to either fi

nft's are huge and huge growing market.t is just amazing to see bitcoin maximalist him -- maximalism is alive and well in 2021. emily: does it concern you? >> what is weird about this is it is actually religious. i see it from both ends. it is an argument for who gets to go to heaven. is it bitcoin maximalist, e thereum, or one of the others we haven't heard of yet? for me, i think the closest analogy i can make is that ethereum and things like it, it is more like a company. bitcoin doesn't change. but to take this analogy further, i think being a maximalist to me is like being a commodity trader that refuses to believe there are new teams working on new software attacking the market. the sec for 10 years funded hundreds of companies. i know that couldn't be true. i am not an ethereum maximalist, that commodity traders should not exist -- i think there is a deep value for bitcoin. all i'm saying is that think protecting proof of state, validator's, and programmers that will create the next digital future is very important f

>> yes >> okay, good. >> i want to own that nft. we do say it a lot about inflation numbers. comes in hot if we own the nft, we wouldn't have to worry about it >> or we could just play the clip >> the history is that joe tried to drive me from the show with hair music >> hair metal. >> i've been able to endure but the german techno pop, that's the last straw >>. >> you know i'll play unbroken chain for you. >> you've given me so much useless information. >> jackson hole. >> dead n co >> we have to go so bobby will be there who else billy, mickey, bob >> where is phil >> not with this particular band no unbroken chain there. >> i love it it is still hard to match jerry unless we put you up there for like eyes of the world or something like that. >> i just do the bobby part. >> tesla hosting its ai day in a series of tech talks to recruit machine learning talent. the highlight was this ♪ >> phil lebeau has changed and joined us in that garb that was not a robot and not you. >> no. i can finda morph suit let's talk about this bot. this was the one morething showing if you were i

are you kidding me [ laughter ] i doubt i could make money off the nfts i want to talk about "cookinghe one i saw, the episode is you and kim kardashian how long have you known each other, you and kim >> since we were little girls, our whole life >> jimmy: yeah and how many times have you cooked together? >> oh, my -- back in the day when we would go out at night, like, we'd come home late, and, like, make grilled cheeses or - >> jimmy: really what's your secret to grilled cheese >> brioche bread, cheddar cheese, lots of butter >> jimmy: mmm. i go, wonder bread, american kraft singles, and yeah. yeah, lots of butter and make sure the pan is hot >> yes >> jimmy: yeah, i do love a grilled cheese gosh i want to show everyone a clip from the show. here are paris hilton and kim kardashian on "cooking with paris. take a look at this. >> this is how it used to be paris would have the ideas, and i'd come in and be like "this is never going to work out like, this is not practical. >> you're the organized one, i am like the most disorganized person in the world. ♪ >> this might work >> we got -

they also appreciate nfts.ause they can focus on the chinese consumer to lift them up. charles: so i was in a mall saturday and for the first time than i can ever remember the line in gucci was longer and more persistent than the line at louie. is there something i need to knee going on? just my wife. i don't want my wife to know but i'm trying to figure out if i can make extra cash on this? >> good luck. keep her out of the mall. [laughter]. and there is definitely something going. so they had these very over the top type accessories. for a while during the pandemic that didn't fly. people are more comfortable. they want to flex. they want to get out. they want to spread their wings and fly. charles: it is crazy. >> there is definitely something going on. charles: no, i'm telling you, that line did not die down. real quick, speaking of rich, disney unveiled pricing for that two-night voyage in the star cruiser. two guests 4800. for four guests $6,000. i think it is cool as hell. i got to find a way to get my g

what about these nfts?f liquidity have been injected into the system and it's finding its way into those assets. you mentioned earlier that a lot of people are very happy with what the fed has done. i think some segments of our society have benefitted greatly but that's at the expense of the private-sector i think that the fed is exacerbating the wealth gap and it's great if you are a wealthy investor or big business or big government and you can borrow at virtually zero but for people who just have savings accounts, for people who work for a living and they don't, they don't make money by gaming financial markets it's very unfair to them. >> "fast money," melissa >> judy had said all the liquidity that's what propelled the market no won, judy that investors hang on the fed's every word, right i mean that's the backdrop that they've created starting with the financial crisis as you had mentioned. is there a solution to this? it almost sounds like maybe is less transparency better >> well, monetary reform is

the same time that nfts and defi, the sort of surge of activity in nfts is just driving more and morey through those protocols. >> no, it is and we talked a little bit about the lull in nft volumes earlier in late spring but those numbers have really picked up again. i sort of see what's happening with the bitcoin space et ethereum, nfts what the heck is litecoin? >> litecoin was considered the silver to bitcoin's gold it was -- you could have it as an alternative you could have a few different functionalities that made it a little more appealing. at the end of the day, though, it really is -- it's just another coin it doesn't have -- i don't think it has quite the same community as dogecoin around it. but it's a bitcoin hard fork >> we had jack mallers on last week from strike and he's throwing some shade at coindesk for having for example dogecoin on its platform. you know, the industry is maturing, let's call it, and there are some that are emerging as these legitimate institutional investors backing and that kind of thing and others that feel it could fall by the wayside do you th

they rang the bell here at the nasdaq, they were wearing shirts with an nft on it. >> really?hy wouldn't they do that? for people who are calling the death of nfts -- seems like a long time ago. volumes have exploded. you are not having these high dollar values for fine art but across the space >> it's a culture of trading that we are dealing with time for the final trade tim? >> buy a tom brady jersey at walmart or online. walmart, we talked about this earlier in the show. this is a not expensive company. >> guy >> dollar general. >> karen >> i actually thought your nasdaq idea wasinteresting relative to coinbase so nasdaq. >> dan >> xlk, technology select etf. i'm a seller of that we have a pullback in the coming weeks. >> thank you for watching "fast money. see you back here tomorrow at 5:00 "mad money" starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all to level the playg field. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money", w

shares of facebook up just under 1%, but it is budweiser that's really hopping into the nft craze. ship design by artist tom saks which which it bought for $25,000. budweiser has also reportedly purchased the beer domain for 80 ether. all this follows visa's $150,000 foray into this week into nfts. >>> breaking news, the white house press secretary is giving a briefing right this minute, and reports are that the biden administration may be planning covid-19 vaccine boosters at six months versus the earlier eight months which they had initially discussed. the third covid-19 vaccine shot based on data from manufacturers that are under review by the federal drug administration. the fda. all right, approval for boosters for all three covid-19 shots being administered in the united states manufactured by pfizer and its partner, biontech, moderna and johnson & johnson is expected by mid september. we had heard around september 26th, 27th. now it's mid september. we shall see. pfizer down about 2%. we've gotbound tech up 1.4% -- biontech up about 1.4%. >>> covid testing and vaccinations r

you're seeing these nfts being priced in that currency. talked about it before all of a sudden now, we're seeing a lot of assets that people want to own being priced in crypto currencies other than bitcoin and i think that's what's going on with ethereum right now. >> interesting tends and some good points about it being used more for actual transactions let's continue to talk about more of this and bring in coin desk chief strategy officer. i don't know if this will make any sense to anybody, but i feel like it's peter brady. he always wanted to take the spotlight from greg and it never quite happened and i wonder if now the time is ether and ethereum are they stealing some of bitcoin's thunder? >> hey, great to be back and look, we don't view it as competition at coin share. we have 5 billion in management and look, we've seen this trend before notably in 2018, january of 2018, bitcoin dominance dipped to about 39% currently bitcoin dominance is about 40%. crypto markets operate in cycles bitcoin offers something very specific to investo

lot of action in the nft markets.ally succeeded in terms of showing their case in the taxes was a compelling argument, kate. it's an interesting line of thinking that the lobby is so strong so that gives investors hope that any future regulatory press could be put at bay. >> absolutely. it would seem to be a big headwind at the time, not getting that carve out in the infrastructure bill raised attention in the markets and showed there are high-profile backers, jack dorsey got a lot of grassroots attention on twitter as you said, seems to sort of now be looking like a tailwind and something that could help boost markets going forward. >> kate rooney, thank you. >>> tim cook marking a decade at the helm of apple, the stock up more than 1,000% since he took the job. we'll talk about the highlights and what the next chapter might bring. stay tuned you're watching "squawk box" on cnbc for mac. who can come to a stop with barely a bobble. lucia. who announces her intentions even if no one's there. and sgt moore. who leaves

are you going to start in exchange for nft's? exactly what we are doing, starting a marketplace and we actually announced this morning that we are opening it up by selling the inaugural tom brady nft with a variety of choices ranging from $10 to $1500 for the most premium autographed version. we are doing it with our partner autograph who is been a great addition to our relationship. they included the rights to a number of athletes, not just tom brady, but wayne gretzky, tony hawk , tiger woods, and many, many others. stuart: what you are doing is providing an exchange where someone can buy and sell these nft's, you are buying and selling them your self are you? >> now is the one guy in the middle taking your peace? >> exactly right. autograph is the one creating them here today on it. we are an exchange and eventually we will allow for other forms of functionality such as auction based selling, secondary markets and other things, but initially autograph has created a series of nft's and we are selling them i believe wednesday. s

we are seeing that nft's, a different blockchain than a theory on -- than ethereum.lowing the london, and the uncertainty around proof of work proof of stake, institutional investors are looking for ways to diversify and hedge against that uncertainty. but we are seeing, comparable alternatives, lawyers that include the luna ecosystem, cosmos, avalanche, as well as a number of others in addition to all of these in addition to nft's and the metaverse. emily: i will pass that on to gerry. thank you so much for joining us there and putting a stake in the ground. in other crypto news, visa has bought a digital avatar for $50,000. type did crypto punk -- titled crypto punk 7610, it is a female character with a mohawk. it is one of several financial institutions in the last year to lend legitimacy to the crypto world. back in march, they said they would experiment with using a type of cryptocurrency to settle transactions. coming up, the covid-19 vaccine from pfizer and biontech wins full approval. how this will help stop the spread of delta, next. plus, wednesday, a quart

we are seeing significant progress on the regulatory side, as well as the new application -- nfts, de-fing and adding to a story that was already very positive around bitcoin. we are positive today and positive on the outlook for the rest of the year. emily: the race is on to launch the first bitcoin etf. gary gensler has indicated he is open to this. who wins? matt: investors. that is the answer. they have been after a bitcoin etf for years. it will make it easier for advisors to allocate it in the space. it seems like the f.t.c. is pushing the industry to launch a futures etf. i think it will unlock the ability for many investors to enter the space. i think the sec is likely to allow a number of these products to come into market, and you will see the same competition among the bitcoin etf's you see among the gold etf's out there. it will give investors more choices, lower costs, easier access. it will be a milestone moment for the crypto industry at large and impact not just it kueng, but other crypto assets as well. emily: i interviewed the creator of ethereum, the telik gathering. t

coinbase is feeding off the growth in the centralized financial defi as well as non-fungible tokens, nfts. romaine:. romaine: i am curious about the potential for consolidation in this industry may be not necessarily consolidation but if there is growth may be the growth comes through acquisition. puddings those tentacles out there -- putting those tentacles out there and bringing other companies in. mark: coinbase assembled its platform in large part via over 20 acquisitions. the question is what would -- coinbase's platform? one area that would be interesting is asset management. coinbase has been looking around in this area. we think it would be extremely good fit for them to be able to offer etfs and other products. of course, bitcoin etfs, crypto etfs are not yet legally in the u.s., but we do believe that by creating that framework, coinbase will be positioned to be a leader in that space when they are finally approved, which we believe could be in 2022. sonali: i asked you about robinhood competition but this goes the other way as well. we have some other competitors, particularly

chris stokes who was a member of the '88 bobsled team is working with nft experts to raise money to be, equipment, housing. it will include designs of six jamaican bobsleds scheduled to drop later this year. >>> first full day of competition at the pair olpair e olympics are under way. >>> and these athletes did not let impairment get in the way of chasing their creams and watching them compete on international stage is inspiring to all of us. more than 4400 athletes from 183 countries are competing, most ever for a paralympic games. more than 500 medals will be awarded in 22 sports. just like the olympics, fans won't be able to attend due to covid-19 concerns in tokyo. half of the usa competitors took part in the opening ceremony. afghanistan's flag parading into the ceremony as well, two of their athletes were supposed to come to tokyo but weren't able to make it due to the taliban takeover. >>> and sean morelli brings home team usa's medal capturing silver in the individual pursuit. the 45-year-old from pennsylvania won a pair of golds at rio in 2016. she is a veteran of operation i

nfts are seen a variety of offerings, you know, you have art, you have sports personalities and reallywell, now add a rock to that list clip art of a rock just sold for 400 ether or about $1.3 million. the buyer crypto mogul justin sun. this is his tweet, it marks the latest sale of ether rock, a brand of crypto collectible that's been around since, oh, the old days, 2017 it was, of course, one of the first nfts there it is. >>> sticking with cryptos, the exchange ftx has bought the naming rights for the university of california berkeley's football field the ten-year agreement comes at a $17.5 million price tag and it marks the latest sponsorship move by ftx which secured the naming rights of the miami heat's arena for a reported $135 million in june. ftx everywhere. >>> and fall fanatics rejoice, starbucks fall menu returns today, in august, and it always includes the popular pumpkin spice latte. so while the temperatures may be approaching 90 degrees in the new york city area today, the company is also rolling out its pumpkin cream cold brew to actually help cool customers off. if it

i think this idea of not only defi but nft and stable coins based upon smart contracts that run mostlyin syria are exploding and uses -- on ethereum are exploding and uses. you will probably see a theory him get past bitcoin. that corresponds to the upgrades that for the first time last week shows signs that ethereum was deflationary for a day or two and it does point to a theory and potentially becoming bigger than bitcoin but with a different model. that coin is acting against gold with ultimate store value and a theory him acting as a computer. matt: thank you for joining us we hope we get you back because there is a lot more to talk about and i am fascinated, as are the others by this topic. the founder and ceo, bill joining us to talk about defi. thank you for joining us as well. now, we have breaking news. a couple of headlines out right now. we are hearing from boeing that it is too early to say if there star liner can still launch in 2021. just a couple weeks ago they were supposed to launch the star liner, but it was scrapped for whatever reason, and now they are saying that t

they point to things like the meme stock activity, they'll point to spacs, to nfts, nonfungible tokens evidence of kind of these pockets of excess in terms of what's they have been seeing with regard to price activity. how do you kind of assess these various areas and those that are more sensitive to monetary policy >> you know, i think we're going to know as we get closer to a period of adjustment what is grounded on fundamentals and what's supported purely by liquidity or by, you know, the reflexivity, assuming other people are buying things i don't necessarily agree that nfts or crypto is in a bubble in that manner. and i think as you know, spacs are largely a capital structure, and so i think there are going to be some spacs that can take advantage of this, and there's going to be a lot of sort of despac entities that might rerate it's going to be a winners versus losers, and as warren buffett says, it's going to be a moment when the tide goes up and we can see who is wearing a bathing suit >> that is one of my favorite buffett quotes as well where do you see the winners and losers

but nfts a lot of people say this is going to be the future of art i think the reality though is that they view it as a form of entertainment. again, as with the assets like baseball cards and beanie babies, like i mentioned earlier. that doesn't necessarily mean it's a speculative bubble, however. people talk about millennials spent money on experiences well, guess what gen z is spending money on their ported foelios, whether it's meme stocks or nfts. those two go in the same bucket, hand in hand and this is a way of having identities, of signaling and i think those are very real social fenomina that you can't discount they make people feel a certain way. they make people feel a sense of belonging to a certain group and again, those are all very real you look at major fashion brands of the world tr they're based upon social signaling and there's very little market cap. no one talks about burken bags being a speculative bubble >> when you look at gold and i mean actual, physical gold, we've seen gold futures, the price of gold move higher, in part because of the terrorist attacks in a

bitcoin is a brilliant use case, i think of it as a fraction allies to nft in its own right that manyeople can own. if there is a platform for decentralized applications, i think you are basically asking, will the next-generation internet for the next generation economy be bigger than a narrow money system? i would argue that it will be orders of magnitude bigger. >> the sound money or the digital sound money meme originally pushed by bitcoin. now you are saying that ether will have similar characteristics. your influential consensus is influential within ethereum. bitcoin does not have that. there are no individuals or companies that can say we will do that. if you do not upgrade, your coins are not going to work. does that get in the way of being a universal sound money when there are individuals like yourself and others who can change the rules? >> bitcoin's mission is to be a narrowly focused sound money system. the people, the developers in that ecosystem, the major users of that ecosystem say things like, it is already found product market fit and it is substantially complete. i

respect. >> right he is all over the place endorsement deals, nfts, 9 man hack very enterprising. >>>st the ultra-rich who don't pay taxes. a shocksing numbers of people paying zero income tax in 2020 we have the details when we come we have the details when we come back hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help wi 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. tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and

venture bet on what the future of finance could be it could be the currency of culture, right and nftsexcitement of them plus nft thriving money to that space so real different reasons. i think their cousins. they'll coexist but they don't serve the same purpose >> what about the crypto community's loss when they fought politically or organized for the first time that we've seen on a grand scale to remove the language in the infrastructure bill that would be potentially harmful from a tax perspective. what do you think it said about the political community and the activism and where lawmakers stand on this. >> i don't think we lost at all. i think d.c. was shocked at the roar of the crypto community n. three days we activated, we were on phones and i think for the first time they woke up and said, wow, this is a real industry trust me, i was in the south of france on vacation and spent a good three days on phone with people in d.c. and i think the reason crypto didn't go down is because it is a realization that hey, this ain't going backwards. it was bad legislation that was snuck into

looking at nft's and other asset classes like real estate and private equity.erent requirements from a standpoint and investor standpoint, but we want to continue to expand the selection. emily: how do you see the uptake in your ipo product? anthony: broadly across the industry, the product is very high. it is not a product wall street has typically had access to at ipo prices. we have done five total ipo's so far, and look for opportunities to bring that unique selection to our members as well. we know our members want that and have not had access to it in the past. emily: how are you thinking about the return to the office? what is the policy? are you experimenting? will you be changing workforce policies for good? anthony: we did change our policy. we are allowing each employee to talk to their manager about the workplace, whether one of our 10 offices throughout the u.s. or their home, so we added the home as a potential workplace. it is up to them to work with their manager on whether they want to work from home, the office, or a hybrid approach. we are pu

i've had like 13-year-olds show me their rainbow wallets for nft and brag to me about how much moneyave a more fundamental understanding of markets than i certainly did as a kid. i think that shift is happening very, very quickly again, thanks to technology and ease of use we're in the weird face phase in let middle where you have a bunch of traditional institutions you still have a bunch of early adopters who are now investing and very excited to be doing so. and then you have a whole lot of people still not yet sort of onboarded into this new reality. and -- but i think in the long-term more democratization of financial access and financial literacy is a good thing. i would rather see more people be able to be sort of partake in this than fewer. >> there does seem to be a generational shift, alexis, in terms of the newest generation, not just its knowledge and desire to know the markets but also its attitude toward money sports betting is really easy, investing in an nft is really easy at the end of the day it's about making quick or fast money that's the mantra. when you look at i

the bumble ceo will join us, as well as dj and music british or -- and music producer to talk about nft'sansforming the music industry. i am emily chang in san francisco. this is bloomberg. ♪ this is bloomberg. ♪ and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. haidi: welcome to "daybreak australia." i am haidi stroud-watts in sydney. sophie: i am sophie kamaruddin in hong kong. shery: and good evening from new york. i'm shery ahn. the top stories, u.s. stocks extended gains. the s&p 500 and nasdaq hitting record highs as investors await the fed's jackson hole symposium. haidi: the bank of korea also invoked today, as economists are

it is a report that has not done a good job of telling us what is going to happen with private nft whichll get on friday. it did a great job last month. other than that, the misses have been staggering, it has missed between 400 and 500,000. i would not take much from this report as related to friday. we are still looking at 700,000 private jobs, that feels like a good estimate. if anything there's a favorable seasonal factor in place. i think we feel comfortable about this. part of the challenge is fed governor waller put a bull's-eye on this report in his speech the other day. maybe expectations are going to be elevated with regard to this report. i think it will wind up coming out and meeting expectations. tom: pub donovan, always brilliant -- paula donovan -- paul donovan said are we counting jobs correctly in the modern economy? do you believe the data or are we in some new paradigm? tom p.: i think it is a fair thing to all of us to dig into. i do not think there's any question about that. the problem is this. if we are in the midst of a shifting paradigm, the reality is people are

he just debuted his first nft. how did it go? lauren: you think it sold out?e collectibles sold for between $100 each and tomorrow five more brady signature nfts are drop ag nd they will sell out as well. stuart: what about the price? lauren: between 12 and $100. stuart: that's it? how many were for sale? lauren: i'm not sure. stuart: the gross revenue ain't much. lauren: you got to start somewhere and you can't sell too many of them either, gross revenue wouldn't be that much, because you don't want to dilute the importance. stuart: okay, worked your way out of that one quite well. lauren: try. stuart: how about draft kings? lauren: you had them on the show earlier this week. they teamed up with autograph and we have a clip. let's roll it. >> for an exchange, autograph is the one creating them, they own the ip, we're an exchange, and eventually, we're going to allow for other forms of functionality such as option-based selling, secondary markets and other things. i also think that it'll be great from a customer acquisition standpoint to have all these differe

and music producer justin blau to talk about nfts, and how it is transforming the music industry.ang in san francisco. this is bloomberg. ♪ ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or employees. >> the following is a paid presentation furnished by rare collectibles tv llc. >> breaking news. an exclusive new hoard of 2019 american liberty high relief gold coins was discovered at west point. now is your opportunity to add these rare, pure gold coins your death to your collection.

quite reasonable for people to buy and sell art based on an fts by the use of cryptocurrencies -- nft'se of cryptocurrencies. people are taking it more seriously as an investor. when you get a dip in the price, it does not have to be the end of the world. dani: mark cranfield from our market some live team and we are seeing oil start to work up a bit. concerns about china still hanging over this market. manus: we have had blackrock. they are saying they may distance themselves from carson block's capricious comments about propertius china. "bloomberg markets: european open" next with mark and anna. ♪ comcast nbcuniversal is investing in entrepreneurs to bring what's next for sports technology to athletes, teams, and fans. that's why we created the sportstech accelerator, to invest in and develop the next generation of technology that will change the way we experience sports. we've already invested in entrepreneurs like ane swim, who develops products that provide hair protection so that everyone can enjoy the freedom of swimming. like the athletes competing in tokyo, these entrepreneurs

to the digital art market from the $150,000 purchase of the egg crypto digital avatar shares of the nftn-fundable token is a block chain based the access proof that a digital asset is unique and cannot be replicated. however, you can sell it to somebody else, if the price goes up. media giant viacom cbs may be up for sale on this story is right out of goldilocks the fire is to antitrust it's not big enough but maybe a combo will be just right, joining us charlie gasparino, what are we talking about and what are you talking about. >> the stock is bouncing around since my tweet, i've been asking top media executives i will not say the names these are ceo, is sherry's baby wasn't that a song sherry baby, can we play that? >> sherry's baby cbs viacom is it for sale. liz: we can play the sherry's very commercial. >> in any event i've asked several of them is this thing for sale it's rumored left and right that it is they all believe it is for sale they believe there is soft shopping and maybe it's mr. burke off have you ever heard of him the guy a lot of people think it's him who is doing it

upgrading those to a biopotential growth and physical toys and fashion and into the nft the non-fungiblet, though shares up 6.7%. fubotv climbing higher after approval to offer online sports betting in iowa it is a key step in the streamers plan to launch the mobile sports book in the fourth quarter fubotv shares of five and half% one of the biggest winners of the pandemic particularly last year is just getting slammed today guidance leaving shares on track for the worst day of 2021 the videoconferencing giant also wayne on call centers 59 which is zoom announced it was buying in a 15 billion-dollar deal last month let's take a look zoom is down 16.5% 59 down 15%. zoom is an interesting story because so many of us were stuck at home we relied on zoom to work and see family and friends and take classes but they cannot keep the growth out. you are looking right now at the podium were president joe biden will deliver his first remarks, public remarks, his statement if you will on the u.s. withdrawal from afghanistan after nearly 20 years to the day. the last american troop left yesterday an

sees the potential for trading i'm not much into that but actually think you'll see some changes like nft'sd take an airline mileage program that has 762 million fliers and actually turn that into crypto because it's tax-free, cross-boarder, value exchange and it's funded a penny per mile and redeemed at 1.6 cents a mile and have the world's largest crypto on day one and on day three, take the 2.2 billion people that are unbanked and give them a banking capability. that's the type of power that can't be regulated by government but they are going to be guardrails and you'll see more examples like that coming in the crypto future. charles: right. you know, lenor, another thing we did see with coinbase is there was more traffic in ether, than there was in bitcoin so how does this fit into your portfolio. should it be diversified? there are literally a thousand names to pick from. >> i think at it a little bit differently from ray, where there's always an argument for diversification but when it comes to crypto, you have to think of it a little bit differently. you have to think of the network

there's an nft. nasal fluid tissue. [ laughter ] i'm not into begging, but guys, please bid on this. [ laughter ] i don't wanna go back on cameo. [ laughter ] i would like to take a moment now to shine a light on some truly fine journalism. congratulations to the team at wapt in jackson, mississippi, winners of tonight's award for "excellence in reporting," take a look. >> rat poison. rat poison. and we're back. [ laughter ] [ cheers and applause ] >> sean: is that like his warmup, his vocal warmup? [ laughter ] "rat poison. rat poison." i don't know. is it too early to check in on my snot? nothing? nothing? all right. so it's not taking off right away. you know. but neither did kathy bates! [ laughter ] all right. today pope francis. you know the guy in the robe? and he's got that hat? the pope is recommending that people get the covid-19 vaccine. he's also recommending that altar boys remain at least six feet away from priests at all times. [ cheers and applause ] yeah he said that. the pope said g

it locally with, you know, anybody on my nfts or non-fungible tokens. >> tk kim is the ceo and co-founderway. a game developer based in san francisco. his company is officially licensed by the ioc to produce in a sense digital olympic pins. all of them have a few are every single policy unique. >> and also single popping haven't and therefore the alafia to train trade. what not just pins from tokyo twenty-twenty and way has a heritage collection. >> in ft. olympic pins dating back to 1896. i think the grahams emblems mascots and they're all in 3 d. but i think both cultures are going to co one is not going to, you know, over to the other. >> i think that for the cull up in treating it. it's been a month for a 100 years can continue to exist. but i think there's more people country up in training because they're knowledgeable about in tokyo. i'm andrew marden. >> just in tonight, america's most accomplished, jim, this will not compete in the floor final at the tokyo games after removing herself from the women's team. final and the individual all around competition to focus on her mental he

the other really bright spot i would say is nfts. jay-z recently, and that's going -- be quite a bit larger at this point. we're realizing we want ability to, you know, transact in games and have those have an impact outside of those games that's discretional on the surface terms what these decentralized platforms can do. >> finally, gary, on that very point. news organizations are still looking into reports that hackers perpetrated, bloomberg today calls it likely the biggest theft ever in the world of decentralized finance stealing about $600 million in cryptocurrency at what point to numbers like that act as deterrent to use >> best thing, these are open, distributed ledgers. these are transactions you can trace. so that's where companies like prn labs or analysis becomes increasingly important not just for selling to the government and to -- law enforcement. chummily also to, you know, normal financial institutions that, know, i think that anti-money laundering will expand and it will expand all the wait over to everything having

i think you can look at a lot of the crypto tokens and nfts and see that there is a massive amount of speculation going on i don't know what would bring an end to it. most of the people that look at the macro environment, you know, point to the low interest rates, which we have talked about many times before but there is a lot of cash looking for a return and a lot of people willing to play with the level of risk that we haven't really seen since the late '90s. earl 2000s >> let's talk about leadership on the ten had--year anniversarf tim cook at the helm it was a sad moment. it was clear that steve jobs was in decline as he handed over the r reins. look, i mean, the rap was on tim cook, he's an operator but no steve jobs apple added more than $2 trillion in market cap, so many products including apple music, icloud, the apple watch, all these -- even though people say, you know, tim cook is not a product guy, boy, for not a product guy, they have come up with a lot of products, double revenue, double net income, what does this say both about the supposed law of large numbers, where p

gucci sold non-nft clothing for avatars within the game roadblocks. game -- roblocks. isn't that the game were kids are buying also so stuff with their parents credit cards? could you imagine for a virtual gucci outfit? kumasi: i think the avatar should be stylish. it is your representation. you need to look good. julian: so you swiping the black card for some upgrades for your virtual avatar? kumasi: i wonder if you can combine the two stories we did and rent. can you rent the gucci and avatar? [laughter] julian: she said i want to look good but i don't want to pay full price virtually. kumasi: [laughter] true. julian: you can watch all of our newscasts live and on-demand through the bay area connected tv app available for apple tv , android tv, tv, tv, tv, download now and start streaming. kumasi: heading to break, look at this. julian: this is gorgeous. screen shot this. kumasi: it is 5:56 and we are going to linger here for a moment because it is stunning. we will be right back. california! during a flex alert, let's keep our power up and running.

incredible things happening, especially around the ethereum 2.0 decentralized fran structure world and nfts and decentralized finance. there is cool, interesting things happening but it is on the crypto industry to explain to everyone else who is not invested who does not take part in this what is this going to bring to their lives, we heard promises around help banking the unbanked, making life easier, everything is going to be on the blockchain, how will people's lives change to get the support at a mass level, to outside of this kind of narrow industry, you have to explain this to people outside who are doing -- who are deep into this. i think that has been a failure of communication on the part of the industry >> well, we'll see how it plays out, ranjanuary, jan, thank you being with us. >> we were talking about amc, robinhood doing m&a that is connected in a way, buying the platform behind amc's conference call and other companies as well kate rooney has the details. >> robinhood announcing a deal to buy say technologies for $140 million. this is an all cash deal and robinhood's first

key levels i think that there is quite a lot of catalysts number one, it looks like products like nftswhich really do improve the usefulness of crypto have grown. some of the numbers are really impressive and you start to see some crossover investing and more importantly, i think that you look at outside the u.s. crypto is your risk on assets. i think that the fact that both china and crypto are rallying shows you that outside the u.s. there is a risk on appetite as well >> two more questions from me, tom. i think one of your best calls of the year was really nailing that bottom on the ten year yield around 120 we did have a few different desks this year, now bring in their year end forecast, b of a from 190 to 155. i wonder where you are on the ten-year if you think that chart will continue to go to the upside and then also, on chop, in august, you said seasonality made it difficult to be a hero i wonder if that narrative changes as we work our way into the fall >> yeah. both good questions. and on the yield, we have been watching it closely. it does seem to me that economic outlook i

siegel, now government workers union, afscme, teachers unions, big ones, nft and nea, postal service vaccines for the bargaining table. what do you say to that. >> it is not for the bargaining table but they're right to push back against any superimposed mandates. liz, i don't like the word misinformation at all. it leaves out the idea that science is evolving here, that things are changing with the delta variant. the only constant here is, this is a constant, the vaccine works, it works extremely well. it decreases the risk of getting ill for sure or ending up in the hospital and every time the media spins that, both left and right by the way it undermines the value of the vaccine, superimposing mask mandates makes people think the vaccine doesn't work. it does work. massachusetts, 70% of the ones vaccinated got sick but 95% of those in provincetown have been vaccinated. that was higher percentage of the group. the vaccine works dramatically. that is what we have to focus on here. elizabeth: we hear. >> you not superimposing our will, not we know, you don't know, don't say anything

but now major league baseball getting into the nft business. >> when you sand. >> they're going really slow baseball as a slow historical game. and major league baseball. they're not going after the splashy highlights of like michael jordan, slam dunk. they're going after it cathedrals. the baseball stadiums. i kind of like it's missed altchek. it has a trading card feel to it. if you go to the website, it's not bronx best moments of super bowl. it doesn't seem like a play for cash play for casual. been most spectacular home run this year. out at home with a world series go with the big green monster is a beautiful, beautiful piece of art and from the ft world and bitcoin world. it's great news because it's not going put a high ticket on something that's ridiculous. like a virtual house or ritual toilet paper, right. it's baseball card. it's a digital baseball card and my kid plex pokemon cards and drives me nuts. but, you know, maybe in 30 years his good will digital baseball cardinal drive him not so around the fair play. it's the future apparently. all right. thank you very much, ro