u.s. money reserve. organization led by a former director of the united states mint. as one of the largest u.s. gold coin distributors in the country, u.s. money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now. call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the u.s. money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and it's something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, u.s. money reserve. that's the company i do business with. and i don't see doing

u.s. money reserve. e only precious metals organization led by a former director of the united states mint. as one of the largest u.s. gold coin distributors in the country, u.s. money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now. call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the u.s. money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and it's something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, u.s. money reserve. that's the company i do business with.

u.s. money reserve. tals organization led by a former director of the united states mint. as one of the largest u.s. gold coin distributors in the country, u.s. money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now. call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the u.s. money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and it's something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, u.s. money reserve. that's the company i do business with. and i don't see d

u.s. money reserve. business with. and i don't see doing business with anyone else. - [narrator] if you've bought gold in the past or would like to learn more about why physical gold should be an important part of your portfolio, call to receive the complete guide to buying gold, which will provide you important, never seen before facts and information you should know about making gold, silver, and platinum purchases. for faster wealth protection request a digital version of our complete information kit which will be emailed for faster delivery. - pick up the phone and call america's gold authority, u.s. money reserve. with nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide u.s. money reserve is one of the most dependable gold distributor. hope the outcome is more obama like. i was a frequent critic of president obama. there was a lot more bark than bite what he was doing on the issue. he said the right things. he postured a certain way

u.s. money reserve. e of the largest u.s. gold coin distributors in the country, u.s. money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now. call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the u.s. money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and it's something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, u.s. money reserve. that's the company i do business with. and i don't see doing business with anyone else. - [narrator] if you've bought gold in the p

u.s. money reserve, a company not affiliated with the u.s. government or the u.s. mint. philip n. the president and spokesperson for the company. markets for coins and bullion are unregulated. prices can rise or fall, so buying these items carry some risks. past performance cannot predict future performance. views and opinions expressed in this program are the views of the advertiser and not the views of the station or network, its management, or ownership. ♪

u.s. money reserve. markets for coins and bullion are unregulated.ese items can carry risks. >> the stock market

u.s. money reserve. markets for coins and bullion are unregulated.s can rise or fall so buying these items carry some risk. views and opinions expressed in this program are the views of the advertiser, and other views of the station or network, its management or ownership.

u.s. money reserve is one of the most dependable gold distributors in america. money hedge funds worrying they better do something and fast as the reddit room crowd is infuriated about the development that we have seen in the heavily shorted stocks. charlie gasparino joining us with the inside scoop on what the hedge funds are planning to do. >> it is not just reddit crowd, it is congress, somehow the short squeeze that led to massive amounts of speculative on penny stocks a few weeks ago is now driving congress to take up the issue of shortselling and regulation on hedge funds in the hedge fund industry is hearing that loud and clear and they notice today elizabeth warren in particular someone not a friend of the hedge fund massachusetts progressive senator is on the finance a midi which means she is -- she has a bull's-eye on the hedge fund industry, what i understand the lobby groups that represent the hedge fund industry known as the managed funds association that is the hedge fund lobby group is now gearing up for battle with congress essentially with the se

u.s. money reserve is one of the most dependable gold distributors in america.lowest mortgage rate and chose amerisave, a choice he'll never regret... ...unlike the choice to hitch hike. ahhh! which ruined his hand modeling career... it's over. don't worry, carl. things are looking up. visit amerisave.com now. lower mortgage rates mean higher savings. ♪ ♪ liz: okay. it was crazy enough to see bitcoin top $50,000 last night for the very first time ever, but after doubling its value in less than two months, take a look at the high hit today for february bitcoin futures on the cme. 51,065. okay, there's more though, a lot more, especially when it comes to driving this historic run for the cryptocurrency. let's bring in the anchorage cofounder and president and isaiah jackson, krbe digital assets group cofounder and author of the book "bitcoin and black america." isaiah, i will go to you first because you were recently on, and you predicted that crypto-- and not just bitcoin -- would continue to go higher. does 51,000 surprise you? >> not at all. actually, i think w

u.s. money reserve is one of the most dependable gold distributors in america.ing the brakes on lift ahead of the quarterly results, lift moving lower by under 1%, who were up 1% reports tomorrow, wall street loves to act like these two are pretty much interchangeable but you should not, yes both were slammed by the pandemic but that's pretty much where the comparison ends if you had to grab the wheel of one of them for your probe for leah which one. to our panel chief technology strata list brad and market watch senior reporter john swarts, welcome, purely on stock performance alone look at the annual comp chart i was looking at this year-over-year lyft is up 7% while uber is up 49%, they had very different recovery is a choice as simple as this? >> we like the basket approach and we like both of the companies but if you're looking at one of them lyft has not performed as well to your point. there is definitely more room for multiple expansion and you might get a little bit more performance because of that you have to look at does the investor have more appetit

u.s. money reserve is one of the most dependable gold distributors in america.ds is in emergency surgery right now after he was extricated from a rollover car crash. it's seen on your screen right now. he had to be extricated by the jaws of life. firefighters, paramedics in the l.a. area rushed to the scene. this according to the l.a. county sheriff's department. woods' agent says he has suffered multiple leg injuries. again, he is in emergency surgery. the accident is said to have been a single-car crash and that he was alone in the vehicle, but you can see from these pictures this looks extraordinarily serious, and you can see the sunroof there, so it was a definite rollover, and any more information we can get on tiger woods, we will bring that to you. >>> in the meantime, the u.s. has hit just a harrowing milestone. on monday we surpassed the half million mark for coronavirus-related deaths. our next guest knows all about public health. in his role of assistant secretary of health, department of health and human services under george w. bush, dr. john oversa

over spaniards who are traditionally average shoppers have put more money into savings than ever before. meanwhile the u.s. federal reserve chairman powell says his country's economic recovery remains uneven and far from complete his comments during testimony to the senate banking committee were in contrast to the increasing optimism among analysts who believe the u.s. economy will grow rapidly this year will said monetary policy still needs to support the economy and further reduce unemployment but he downplayed concerns about potential rising long term interest rates and inflation let's take a look now at some of the other global business stories making headlines. u.s. aviation authorities have ordered a special inspection of certain pratt and whitney airplane engines after a fan blade failure on a jetliner scattered debris over denver this past weekend inspection technology detects cracks in the blades that are not visible to the eyes. strong sales of apple's flagship i phone 12 model helped the company move up to the top spot in the global smartphone market in the 4th quarter apple sold nearly 80000000 i phones in the

u.s. federal reserve all saying that now is a time to spend to spend money do you think the u.k. is willing conservative party is listening that's a very good question i mean they are in so far as they have spent so you know our our our our deficit has gone up in the region of 400000000000 so they have been spent i think the piece that they maybe not listening to was the fact that you know what all of those organizations us and indeed organizations here is don't stop spending the economy is still really precarious as we come out of the pandemic as we start easing it businesses are in these people are struggling do not stop supporting and invest in the economy and this is where i think the government hasn't quite grasped this not least because if we look back at the all term budget statement that the chance he gave what he did it was choose to cut day to day spending by about 10 to 12000000000 every year so the drive to cut the drive to go back to consolidation is pretty strong and it's whether those of us there are going that the long term cost of that far far greater the little

the things that people are spending money on inflation is much higher than the targets that are used by the federal reserve. at any rate inflation is they can to the u.s. dollar. you couple that with overspending and are printing a lot of money we are i think debasing the u.s. dollar. i want to be onto tracks. one is to try to fix the u.s. dollar but if we fail as we have for the last 20 years to be responsible for the way that we spend our money than we have got to have an alternative. there has to be an off-ramp or an alternative to the u.s. dollar in the event that we are irresponsible in managing the u.s. dollar. i believe that off-ramp or that second parallel rail is bitcoin. bitcoin, there will only be 21 million bitcoins and scarcity creates value in itself, so because there were only be 21 million we know it should retain its value. it should be a store of value and when i was state treasurer i was looking for value. i invested in the trust fund and was able to diversified into a fully diversified asset allocation mid-cap, small-cap alternative investments like private equity real estate and forth. it would have been nice to have something tha

things people are spending money on, inflation is much higher than the targets that are used by the federal reserve. at any rate, it is baked in, inflation is baked in to the u.s. dollar. so you couple that with our overspending, and our printing of a lot of money, we are think debasing the u.s. dollar. so i want to be on two tracks, one is to try to fix the u.s. dollar. but if we fail, as we have, for the last 20 years, to be responsible with the way we spend our money, then we have to have an alternative. there has to be an offramp or alternative to the u.s. dollar, in the event we are irresponsible in managing the u.s. dollar. and i believe that offramp or that second parallel rail, is bitcoin. bitcoin, there will only be 21 million bitcoin ever mined. and scarcity creates value in itself. so, because there will only be 21 million, we know that it should retain its value. it should be a store of value. and [indiscernible] [indiscernible] when i was -- when i was [indiscernible] state treasurer, i invested wyoming state trust fund into a diversified asset allocation of bonds, stocks, international and domestic, large-cap, mid-cap, small-cap, alternative inve

>> this has been the biggest u turn in the federal reserve's history, what they pulled through last year and a wall of money that hits not only u.s. financial market tansd economy and the whole world. therefore we think there is a dollar weakness to be expect, especially as things start to pick up post pandemic. therefore we think it is a change from what we had tchfs dollar strengthening regime to the dollar weakening regime. that benefits a lot of global assets outside the united states bflt we think there are more opportunities coming up, in korean stock, japanese stock. german stocks. i think there is plenty to choose from. annmarie: thank you so much for joining us. head of research. coming up, my co-anchor manus cranny is speaking with a c.e.o. what the company's business outlook is. that's come up next. this is bloomberg. ♪ rg. ♪ annmarie: good morning. this is "daybreak europe." one area that has been hammer bid the pandemic is the aviation industry. it has sparked fierce debate an how to get passengers back in the skies safely. dubai is trying a travel pass for those who have been -- have had the vaccine or tested negati

money? >> most of the world's reserves are in cash, and i would argue and most of them in u.s.rs, because it is the pre-eminent reserves. so most people in the bitcoin and crypto world are talking about the ben fitz of crypto versus fiat of cash reserves, so the idea of the fiat cash that is the money supply put on the market by central banks has debased the values of these paper-backed currencys and the central-bank-backed currencies which is why there is a fundamental case of crypto currencies, and whether or not you believe that, there is a use case to be made before people widely adopt it, and of course, you know that the central banks and the regulatory agencies is, and by the way, if a government comes out and a centrally-planned government comes tout say that you know what this is illegal, and we will make a black market and do whatever like that, that is going to take away a lot of the use case out of it so there is regulatory risks that deirdre mentioned like ride sharing and it is a concern for the crypto people out, there because in the early days, it was used for cu

if you look at the money supply, the real question people should be asking is, ok, bitcoin becomes the defalco reserve currency, that basically displaces gold. what replaces the u.s? here's where if you want to bear with me, it is not bitcoin. it is a stable coin and what does that mean? in less fancy language, there are companies around the world that are replacing one fixed u.s. dollar with one digital token of a u.s. dollar. by simply making that small abstraction, they are able to completely build financial rails that didn't exist. on send off ramps to trading, office management, banking, payments processing, there is a revolution happening. it is not felt has much in the united states because people don't see it because the infrastructure is so robust but if you look at the developing world, if you look at any market where there is any form of currency manipulation or currency instability, that is the future and so bitcoin is a canary-in-a-coal-mine for a completely virtual, largely in on a mustache and we can debate whether that is good or not -- financial reality. i think it is a very important trend to understand. manus: there you go, the canary-in-a-coal

the banking system, banking system reserves increase, and this is going to be a really large amount of additional money entering the banking system. right now the u.ssury cash balance is $1.6 trillion. it is typically around 400 lien dollars. it is about -- around 400 lien dollars. it is -- around $400 billion. it is about four times bigger than normal. when you add it all up, you are looking at the potential for $1 trillion of additional reserves to hit the banking system in the next two months, and almost $2 trillion to hit the marketplace by the end of june. that is massive. for context, there's about $3 trillion in the banking system, so we are talking about a 25% increase in total reserves over the next two months, and almost a 66% increase over the next four or five months. this is going to feel like a flood of cash hitting the banking system, and it's going to put a lot of downward pressure on front end rates. front end rates are really low, but they are likely going lower. the fed will likely have to make some technical adjustments, technically hiking rates in order to prevent u.s. rates from trading negative and going invert and leave nega

u.s. dollar is reserve currency, our cost capital is much lower than other people and we have a real handle on the -- using the swift system on world flow of moneycloser to any other republic, that presence of the u.s. currency, you are taking the chinese wuan instead of cash. these are decreasing the importance of the reserve currency and the reserve currency without question subsidizes our standard of living >> hey, sam, earlier this morning we had robert frank, one of our reporters on. he was talking about a survey of 300 ceos in new york city now saying their target time for bringing people back to work in offices in the office buildings that have been basically abandoned for the most part, their target date is december. only 10 to 15% of workers are already back in their buildings. you know office space better than probably anybody on the planet you sold equity office planet at the absolute high in 2007. do you think we're missing it or is there still room to go down >> oh, number one i think these companies are making a mistake by being as quote, unquote, unconcerned about their people not being in the office. i know that, you know, starti