sean duffy, nick carter, nick carter, backstreet boys guy, larry elder, california guy, the 10:00 houri may be close to retirement, but i'm as busy as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. [crowd cheers] voya. be confident to and through retirement. lemons, lemons, lemons. the world is so full of lemons. when you become an expedia member, .. stuart: good morning, 10:00 eastern time. i will go straight to the money, nice rally for the dow. on the upside, nicely so. one. 7%, a better gain on the nasdaq which is up 300 points. big tech is up 3%. the 10 year treasury yield 3.28%. the price of oil $111 a barrel. bitcoin has staged a recovery. it was at 17-5 saturday night, tuesday morning at 21-5. that's a nice bounce indeed. most important for realtors, existing home sales, the latest read therein. how many houses are selling on an annual basis last month. do we have a number? lauren: yes we do. it has fallen for four straight months down 3. 4%, seasonally adjusted ann

emily: that was nick carter earlier on bloomberg.shaking that p5 in ways that may have serious repercussions for the crypto market. i want to talk about all that and more with our crypto contributor, cinelli bostick. there is chaos in crypto markets, markets more broadly, but especially the crypto markets. where is the bottom? >> it's impossible to know. we are seeing real job losses in real people losing real money. that's in contrast with record high inflation and purchasing power for families, so it's not a great picture. but it is hardly just the crypto market. it's a much broader global economy meltdown. emily: when you see clean base slashing 18% of its workforce, what is your reaction? sheila: my reaction is we are in a contraction phase. other firms are hiring. what we are seeing is a pivot to core principles, building a brand-new technology system is not easy. if i were new to this industry, i would be nervous. but in the six or seven years i've been here, i've seen a bunch of cycles come and go. my hope is we will come out

kailey: we are going to talk to one guy who called the asset freeze withdraw, my alfred and nick carterwell. we will also look at the technicals because they matter. tom: john emails in, enough of bitdog. this is bloomberg. ♪ psst. girl. you can do better. ok. wow. i'm right here. and you can do better, too. at least with your big name wireless carrier. with xfinity mobile, you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill, over t-mobile, at&t and verizon. wow. i can do better. yes, you can. i can do better, too. break free from the big three and switch to xfinity mobile. tom: good morning. "bloomberg surveillance" and lisa abramowicz is talking about the regime change. as we look back at an old inflation we used to stop 20 years ago and say, we have to look at this. michael mckee stops and looks at business inflation, the three levels of ppi. mike: that will add to the pressure on the fed. the numbers as expected which is a little dip in the headline but not enough to get anybody excited about

what happens to coinbase and others castle island ventures nick carter joins us to discuss alongsideffs lisa ellis this talk about the long term in crypto, bitcoin just came to be in 2009, so it's been a product of this bull market post, you know, recession. and so i wonder how do you even gauge where this goes from here, especially since some of the fundamental ideas about it, the digital gold thing, the inflation hedge thing, have been disproven in the recent market >> it's a fair point, meaning crypto essentially came to being or bitcoin certainly came to being by no coincidence in the midst of the financial crisis, as a means for creating a global decentralized currency that would be free from some of the vagaries of the financial markets. so we don't know exactly what will happen. however, we have certainly seen even over the last 14-year period four or five major crypto winters where we have gone kind of repetitively through these big boom/bust cycles in crypto, and if history is a guide, it's not uncommon to see an 80% drop peak to trough in the value of bitcoin. we're down i

nick, great stuff. appreciate it. coming up my takeaway on jimmy carter with the crisis of confidence speech.think he got a few things right, believe it or not. nancy pelosi calling for end to filibuster. we'll bring on beverly hallberg because d.c. may be focused on the wrong things these days. ♪ about two years ago i realized that jade was overweight. i wish i would have introduced the fresh food a lot sooner. after farmer's dog she's a much healthier weight. she's a lot more active. and she's able to join us on our adventures. get started at longlivedogs.com >> the day you get your clearchoice dental implants makes every day... a "let's dig in" day... >> mm. >> ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... >> mm. [ chuckles ] >> ...a "love my new teeth" day. because your clearchoice day is the day everything is back on the menu. a clearchoice day changes every day. schedule a free consultation. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millio

nick, not the walk. me know shots and gloves. i am. sure. will you please just not that are so much. yes, we will do that. i oh, a news munoz carter to let you know if you speak russian keep your voice down while out and about about a quarter. don't put your human symbols on display a guy so you guys don't talk to strangers. 7 i avoid noisy gatherings with your colleagues and perhaps also your friends think you're guilty because you'll, russian, a specific social consignment who is the aggressor today? i'm authorizing the additional strong sanctions today. russia is the country with the most sanctions imposed against it. a number that's constantly growing. a list of course with the mind the we're, we're banding all imports of rush. laurel and gas is neutral. i mean, i know they can key with a little bit from, you know, we're going to go to joe by imposing these sanctions on russia. hill has destroyed the american economy. so there's your boomerang with a z, a z e in your home. possibly because diet. h u r g y is but i would like with a new fight. i knew where you'd be. so much as you know, we're united to what i would issue. but i

us senator jennings randolph congressman nick joe ray hall from southern west virginia, and of course governor rockefeller they heard at this address the carter and his age were sort of seeing that coal would be the backbone of the nation's energy future moving forward and carter's proposal that he included in that televised address included converting utilities from oil to coal promoting synthetic fuel development and the forwarding this with a windfall profits tax on the oil industry. so this is a sort of key crossroad in america's choice to sort of double down on coal. so to speak coal-fired power generation cold. generally i could drive the state and the country's future prosperity and this is a sort of an appropriate moment to talk about these issues with the last decade or so if you've paid attention to the news and coal country, it has been focused on this sort of war on coal rhetoric a directing attacks at the obama administration's epa for regulating coal production. and of course the most recent administration's efforts to revive the coal industry. so it's important to revisit sort of an earlier period in this late 70s early 80s whe

us senator jennings randolph congressman nick joe ray hall from southern west virginia, and of course governor rockefeller they heard at this address the carter and his age were sort of seeing that coal would be the backbone of the nation's energy future moving forward and carter's proposal that he included in that televised address included converting utilities from oil to coal promoting synthetic fuel development and the forwarding this with a windfall profits tax on the oil industry. so this is a sort of key crossroad in america's choice to sort of double down on coal. so to speak coal-fired power generation cold. generally i could drive the state and the country's future prosperity and this is a sort of an appropriate moment to talk about these issues with the last decade or so if you've paid attention to the news and coal country, it has been focused on this sort of war on coal rhetoric a directing attacks at the obama administration's epa for regulating coal production. and of course the most recent administration's efforts to revive the coal industry. so it's important to revisit sort of an earlier period in this late 70s early 80s whe