space around nfts.l me why you were drawn to that whole space around nfts. i have been a tech, creative _ whole space around nfts. i have been a tech, creative person _ whole space around nfts. i have been a tech, creative person all— whole space around nfts. i have been a tech, creative person all my - whole space around nfts. i have been a tech, creative person all my life - a tech, creative person all my life so i got into the nfts on the networks specifically in late 2021. because i am a creative and i like technology and i like the opportunity to put my passions forward and create something i love in a community around the world that i love, so although it is a lot of work, you get to meet a lot of people from all around the world. it has been a fantastic experience. jameel, a quick final thought. there is criticism of the carbon footprint of the sort of thing. your quick thought about that and where does this go now? is this the end of it now that you have sold for that amount of money?— now that

nft is, for those people _ were extremely happy.e people who do not - were extremely happy. nft is, for those people who do not know, i were extremely happy. nft is, for. those people who do not know, they are unique pieces, you are buying one individual piece, people can make copies but you are buying the original. that is right, isn't it? yes, you are paying a token that verifies— yes, you are paying a token that verifies ownership so it is extremely interesting because that kind of— extremely interesting because that kind of thing on a mum wasn't possible — kind of thing on a mum wasn't possible before nfts, that is why people _ possible before nfts, that is why people think they are revolutionary so now— people think they are revolutionary so now instead of simply selling photos — so now instead of simply selling photos that people can copy, someone can verify— photos that people can copy, someone can verify that they own that artwork _ can verify that they own that artwork and that makes it a digital collectible and people love

for the non-millennial audience. - nfts are non-fungible tokens, or as i referred to them in the book, newfangled tulips. they're basically this pure gambling device that masquerades as a work of art. - i've got to get to news of the week. the treasury department says the united states could default on its debt as soon as june 1st if the debt ceiling is not raised. you have called the debt ceiling, quote, profoundly stupid, self-defeating, and generally idiotic. - yeah. - care to expound? - so i don't know anyone who isn't an elected politician who thinks that the debt ceiling is a good idea. politicians railing against there being too much debt, and then kind of implying that the existence of a debt ceiling prevents us from having too much debt, which of course it doesn't. the thing that causes the debt is the spending bills that get passed by congress, not some arbitrary debt ceiling. the debt ceiling, the only thing it does is it creates this volatility and this potential chaos and this potentially catastrophic default for absolutely no reason, and no other country has anything lik

they are riled up about something they can't define, like crypto or nft's. any republican to explain crt. they sound like a democrat tried to explain the charges against trump. it's bad. they're everywhere. we have to stop it. we have the power. we will be right back i'm late for maddow, i have files. i'm late for maddow and to get them files. i thought you republicans would be surprised, you are being real about what crt is. you have to tell the truth, you cannot lie to black people. tell them what it is. they are an attack on black history and an attempt to erase the contribution of black people from history. it is what it is. you are trying to erase black people. and a lot of black people wouldn't mind that erasure as long as that black person is clarence thomas. [laughter] a billionaire named harlan crow, flu clarence thomas all over the world like an instagram model, to the maldives, the beaches. paid for clarence thomas's house. billionaires, you all come up with something new to buy. just when you thought of everything to buy on earth, a billionaire w

the day after his financial disclosure showed these nfts, these first batches fell $96 million shortthought they were going to be worked. the fact of the matter there's only one authentic trump collectible and it's not a trading card, it is hpv, okay? it's free, by the way. trump didn't get his nft-eeny little hands who really lit up the night with this big announcement on newsmax last night. >> you are here to make an announcement. what is that? >> rob, i want to thank you for giving me the opportunity to tell you this on the show p i'm happy and honored to endorse donald j. >> jimmy: wait a minute... that's what you call a fraud-ian slip. that'll mean nothing because no one will know what anyone said for real because of ai which is all of a sudden everywhere. i bought a painting this weekend and i thought it was a steal. paid a lot of money in retrospect but not sure if it's authentic. it's the mona lisa, american gothic and dogs playing poker, probably ai. i feel like someone discovered a time machine that can potentially rearrange everything and we are all alike, cool, great. let

use cases for blockchain technology is back to the godfather to the beginning in bitcoin, things like nftive use cases, so there's a lot of new activity occurring in bitcoin we hadn't seen in many many years and as a result we are seeing growing pains, a lot of growth in bitcoin in terms of transactions , and so i don't think this is anything to worry about, but yes. we've seen some huge increase in throughput for things that are unrelated to bitcoin transactions. liz: okay, so, this fall of 7% right now, you think that this will soon recover and give us a reason as to why you believe that. >> well so the increase in transactions are for an alternative use case of the technology, trying to take some of the blockchain technology nft-type things, and bringing it back to bitcoin and so we are going to see how that evolves overtime. this is not something that should spook you. actually it's a positive thing for bitcoin, that bitcoin is finding new use cases, at least from my perspective, so i think it's a positive thing, not a negative thing, though anything can cause investors to be spook ed

robert frank joins us now with more do they have any nfts at these places >> the nft market faded theyky loves rock -- >> you're look for -- nobody draws a line across two colors like -- >> he was the best. >> he was amazing. >> he was the best you have more than $2 billion worth of art scheduled to hit the auction block. volatility in the stock market and the economy likely to limit a lot of that bidding. the march sale in london, that's a precursor, that was down 24% over last year with half the number of works selling for a million or more. the may sales, which start tonight in new york, and next week, none of the works estimated at over $50 million. a lot of that is due to supply, but also because bidders aren't as confident now given what is happening in the financial markets. >> we have to sell these paintings for very high prices it hits in the same -- it hits the same audience. so, to say i don't feel the overall mood would be wrong. >> now, the star of the week is this transcriptic at christie's, it sold at auction in 2005 for $5 million the estimate now is $45 million. they h

. >> and a daily drove meme coins and nft's

these cards are nfts, which digital finance experts define as "a scam we all stopped falling for 18 monthsnd the first batch featured the ex-president as wearing race car pajamas, as a bad boy astronaut with robo-belt and making stocks go up with the inspiring hat message. dow. the new batch of cards has some real avant garde work. like him stealing the liberty bell, and this one where he's with a lion that is on fire that is pawing at the earth, which is also floating in the cloudy sky of earth, in front of the beautiful constellation "45 ruuuu!" that one, of course, brought to you by kyle who took some mushrooms and started playin' around with his a.i. artbot. kyle! mushrooms? but that's not all! here he is reenacting that famous moment when washington looked into the dressing rooms of the miss teen usa pageant. each of these beautiful, collectible embarrassments could be yours for only $99. if they weren't already sold out. honestly, i'm happy for all those maga seniors who were able to purchase these after getting their grandkids on the phone to help them "do a computer." as for my fav

in there, stupid things happen i've been thinking about as we've been talking -- >> like spacs and nfts and this, that, and the other thing, whatever you want to define the speculative behavior, some aspects of crypto, et cetera >> right exactly. i was thinking about that biepel that sold for $69 million during the pandemic as the money has come out, as interest rates str gone up, what's shaken out? our stocks are relatively inflated we're all down a little bit. we're not experiencing tense pain that's not in our world. that's not where things got really stupid, right they didn't get really stupid at the regional banks they got a little bit stupid at some of them as we think about the pain, i think the real pain's already been felt in the areas that became the most inflated which would argue for a bit of a softer landing, maybe avoiding recession, maybe the craziness that we saw but didn't participate in, maybe that's already shaken out >> the recession is not in the market yet no way >> not yet >> you do not want rate cuts rate cuts imply a much more prolonged earnings recession which

we can all see clarence thomas, but he belongs to billionaire harlon crow and that's what an nft is.rious note, our senior analyst is with us to talk about the hearing that justice roberts and all nine justices said they're not talking. >> that's right. good morning to you and caitlyn. it will not be a funny hearing, that's for sure. the people best suited to address this issue will not be there. every other week we're hearing about justice that's received trips or gifts and did not put them on their financial disclosure forms. the justices, when they said they were not going to come it, chief justice john roberts issued a statement that included several guidelines that the justices say they follow when deciding whether the off bench behavior is ethical. the subtext of all that is we know best. we're being wrongly criticized and we're also under serious threat in regard to conflicts of interest for speeches or appearances they might make. they said those have to be assessed in the eyes of a reasonable, unbiassed observer who would be aware of all the relevant facts. ge, again, the to

and that's what an nft's. one of the best punch lines they're coming at this weekend 's white house correspondents dinner from the cozy financial relationship between justice clarence thomas and conservative activists harlan crow. thomas is in the only justice within ethic concern as the moment. there is also neil gorsuch and the property he sold to a law firm ceo just nine days after his senate confirmation. now there is chief justice john roberts, insider reporting his wife made over $10 million recruiting for elite law firms, at least one of whom argued a case before the supreme court. the senate judiciary committee is holding a hearing on all these ethics concerns tomorrow morning. i'm joined now by melissa murray, professor at in the new york university school of la, who clerked for justice sonia -- on the court of appeals for the second circuit. professor mary, it is so great to see. thank you so much for making time for us. your reaction to this news about chief justice roberts's wife, is it in the same

. >> the moon sculptures are for sale, of course, along with an nft, a non-fungible token, which servesu'll also get one of these larger moons to show off here on earth. he won't say how much it will cost you but with jeff koons, it's a safe bet the price tag will be out of this world. >>> today, at the pga championship in rochester, new york, american brooks koepka shot a final round 67 to take the title by two over scottie scheffler and viktor hovland. it was his third pga championship and his fifth major title of his career. for 24/7 news and highlights, visit cbssportshq.com. -that's it? -yeah. progressive's homequote explorer makes it easy to compare home insurance options. man...i told my wife i'd be in here for hours. what do we do now? we live... ♪♪ save time and money with progressive's homequote explorer. what you do afterwards, is up to you. oh, whoa, i was actually just thinking i would take a nap. pretty tired. okay. if you don't stain your deck, it's like the previous owner is still hanging around. soay l's stain, with behr, the #1 rated stain. and make your deck, yours. b

that's what an nft's. >> that's a taste of what roy wood brought to this weekend's white house correspondents, fox, george santos, don lemon, you name it. joining me now is roy wood junior, correspondent for the daily show. that was a good set, man. >> thank you, i appreciate that. >> it was good. >> thank you for laughing and understanding everything i was trying to do. because i'm looking around the internet, and not everybody understands the oscillation of what you are trying to do. >> in the modern era, people don't understand comedy anymore. people used to understand comedy, even the back and forth with don lemon, it's jokes, it's not a beef. >> what people miss is because they have an opinion about don, to use my joke to push, yeah, he got him, hit him. you missed what i was trying to say about making sure that if you are -- ask real questions on air, you replace him with another black journalist, ask real questions on air. we got to see what's going to happen over there after, post -- you also got to be like they say in boxing, watch for the hook. what's going to happen on the other si

you remember in a year and a half ago in 2021 people talking about that extra $10,000 would go into nfts the. >> you think they may want to put money in crypto given the rally right now. yes. these are individual investors who track manias like bitcoin and cannabis stocks when those were hot if you look at the list of the top ten stocks which we do all the time, they're the biggest ten stocks in the market plus a little intelligence which i thought was interesting this time around as well. given the results. still, playing it safe with the home cooking and now putting money in a safe place, the bank. >> caleb, good to see you. caleb silver up next, final trades. she had a lot of questions when she came in. i watched my mother go through being a single mom. at the end of the day, my mom raised three children, including myself. and so once the client knew that she was heard. we were able to help her move forward. your client won't care how much you know until they know how much you care. ♪ asking the right question until they know can greatly impact your future. - are, are you qualified to

liz: and the word meta verse may become just like nfts which not a lot of people are talking about anymoreve you, thank you very much. took the position in meta back in november, it's up 107% year to date. thank you, dan. >> thanks, liz. liz: the biggest market-moving event happening after the session closes. president biden will meet with house speaker kevin mccarthy to, hopefully, hammer out a debt ceiling deal so the u.s. does not do something it has never cone in its history, default on our obligation. our correspondent, chad pergram, has been coarsing through the halls of congress working the phones. he's got exclusive details next on what he's hearing on the hill right now. >>> closing bell 14 minutes away. we've got the dow down 117. we already told you the tiktok news, we old you the apple news -- told you the apple news. so much going on. you've got to stay with us, there's even more. ♪ muck your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job des

"yes but i got an nft of a cool plunger in sunglasses, so win/win. [ laughter ] look, i don't want tobut situations like this are exactly why i keep all the money right here in the desk drawer what where the hell did all my money go >> i don't know, seth. it's a mystery >> seth: son of a gun. [ laughter ] wally, did you steal all my savings? >> what? no, i took the under on slaps at the oscars last night and won big. >> seth: all right [ laughter ] the treasury department of federal reserve quickly responded to the news by guaranteeing all deposits at svb, which we'll get to in a minute, but the news gave us a real contrast in leadership styles from the current president and the guy who proceeded him. joe biden delivered remarks from the white house in an attempt to calm nervous markets and worried americans after the collapse of the country's 16th largest bank. although, he ended his remarks on an odd note >> today, thanks to the quick action of my administration over the past few days, americans can have confidence that the banking system is safe your deposits will be there when you

a lot of money will move towards web three and nft kind of things.re to stay. we don't have the infrastructure. but 5-10 years, the sports will have a big opportunity. rishaad: how is advertising evolving ad spend, etc.? and with gio as it expands its offerings? karan: it is fairly complicated market. youtube contributes 8%. it is [indiscernible] youtube alone contributes one more than other platforms together. it is purely eyeball-lead. [indiscernible] the most expensive piece of content. they will offer that for you, of course. there is more likelihood of increasing output. there will be a big shift in terms of advertising dollars going towards the crinima. -- cinena. [indiscernible] geo cinema is just evolving. but you might see geo becoming the third giant in india. haslinda: how will foreign players like netflix play out? karan: that is a concerning sign. if geo is free, it will be bad for netflix. for the next two years, svod revenue will be subdued because the most extensive content is being offered free of cost. rishaad: karan taurani, analys

these very same people a year ago told us we all need nfts and we all need digital avatars. trump card. right? these are the same people, and they just abandoned that immediately. and right now, where the technology is does not match the panic. i want to bring up a quick story from texas a&m. there was a really specific person at texas a&m who was a combination -- like a cattle farmer plus agricultural teacher. he plugged all of his students' essays into chatgpt and chatgpt says i wrote all of those. he failed the class. they all wrote those papers. we are currently leaning a little too far on the side of everything is robotic and fake. because of that, the people in our politics who take most advantage of that are the people who don't want to play by the rules, are the people that says when something verifiable comes out, that didn't happen. imagine the tape from october of 2016. imagine that coming out now, how easy it is. you can make it happen. you can make one of those in 15 seconds. that's the worry, not the technology itself, it's the confusion and doubt and how peopl

gone back to their lives >> we have been building avatars since 2014 we never considered them to be an nftacter. we thinking for the augmented world and you think about what the avatar is supposed to accomplish it is supposed to solve for presence in our minds, the metaverse was the least favorite word throughout the hype because it was misconstruing the purpose of the avatar represents and the future of the internet. >> what have you seen in terms of use two things happened. metaverse was a big investment theme people were looking at and people staying at home and doing things like playing video games more frequently. spending more time on line that happened in the pandemic and we have seen the trends shift. what has happened with the use of avatars >> the at least for genies our revenue rises. companies were that were cut from other companies, and we have always been leveraging avatar as your second identity and in our case we have seen engagement rise, and in our case where they had to cut the metaverse project, it's because of their misuse case and the intention of the project. >> you