and if jack dorsey has a better product, a better product or a better idea, i'm the first to support . there are many, many smart people out there that are passionate about this issue that have something to offer. we welcome that involvement. we need to get this right. to me, we're at a foun dadation moment. hopefully this time there is a diverse group getting together representing all facets of our society. but getting together and talking about what do we want the ideals to be? what do we want the values to be, the inciples to be in this new community? >> you have said several times that this protocol will be gifted to humanity. so is this effort entourly dr -- entirely driven bial true uchl or are there profit motives involved? and if so, is that necessarily bad? >> well, it's definitely both in our case. our entire premise as an enterprise is to integrate financial results and social pact. we never as family looked at those two as at odds with one another. we have a responsibility to society. and to do things that have positive impact on society. that's how we run our buzz. th bu

he h -- she thinks twitter ceo jack dorsey is dead wrong about his recent call. we'll discuss. ♪ you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ say it's all right ♪ ♪ say it's all right, it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ now listen to the beat ♪ ♪ kinda pat your feet ♪ ♪ it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ oh, it's all right ♪ (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. this halloween, xfinity rewards is offering up some spooky-good perks. (crowd cheering) - bito, bito, bito, bito! like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote

just wanted clarification for our audience the announcement by jack dorsey about square is considering bitcoin mining might help with stocked leveraged. >> marathon digital, the stock is up 368% the chart is not thatt egregious so the upside. if you are looking for something that has the beta and torque in the stock chart i would play mara because it's priced at $48 and change you don't have to worry about a $62,000 coin or $68,000 coin if bitcoin is going up, and i do believe it is and most of the people on this desk believe it is, especially the man who is number one in the stock picking all-stars. i think this thing will probably go to 100,000, then mara will go higher aggressively. >> i don't think i have ever used the word torque on air. >> you haven't you always get mad at me >> the more credible players adopt it formally. square could be one of those the more of that you see, that will be a positive we know the definition of inflation is too much money chasing too few goods. the amount of bitcoin is limited seemingly if you have currency or not that is a tail wind. and there is

this came just like 36 hours after jack dorsey had triggered a huge conversation about hyperinflation. so janet young, the treasury, secretary of the united states in charge of maintaining the value of the currency. she comes out and says that, you know, officially denied that right? the verbiage and rhetoric that came out of the treasury and central bank during the 1973 period in america. right before a massive inflation hit is almost verbatim what we're hearing today. the big difference, that's the inflation of the seventy's was transitory genuinely, transitory because america was being held hostage by the oil producing countries. but this is actually structural inflation. and in fact, hyperinflation. this is when confidence in the currency evaporates and there's no way to put the humpty dumpty back together again. once it falls off the wall, it's cracked, and you cannot reassemble at once you lose confidence, you know, took 240 years for the world to obtain confidence in the us currency. and it only took really 18 months for to be last what you definitely know that we're hitting hy

well now, jack dorsey, you know, last weekend as well, while we were suffering from hyper shrink lation. he was, he must have seen my tweet because that's what he inspired him to tweet. hyper inflation is going to change everything. it's happening that triggered many people. yeah. did. because these words, inflation, deflation, dis, inflation shrink. lation are all kind of misunderstood and misused. now, to be clear, hyperinflation is a political act. it's an whereas inflation is of more of a monetary fact. so, hyperinflation is when loss in the currency evaporates. so in venezuela or in y mart, germany, or in iran, confidence in that money disappears and it literally plunges. we're seeing it in turkey as well. the us, of course, having the world reserve currency, you would think as a man to hyperinflation. but they have done such a poor job over at the central bank of the treasury department and in the white house itself over the past 20 years. that it looks highly probable that confidence in the u. s. dollar is about to completely evaporate, so purchasing power for that currency is ab

twitter ceo jack dorsey is now tweeting this grim morning. hyperinflation is going to change everything. it's happening. joining us as fox business senior correspondent charlie gasparino, something about jack dorsey's tweets, some of them are head-scratchers but he gets people's attention, has millions of followers but here he is chiming in on the inflation debate and it appears he is getting some attention for saying this isn't going away anytime soon. in fact, forecasting this could get a whole lot worse. >> and he doesn't just tweet about anything, he tweets about major issues and i know him a little bit, a very serious guy and he's not some right winger, let's be real clear here. usually the inflation stuff, the democrats are trying to pointed out that it's rich people's problems. but what they're trying to make it into a political issue if you raise it and jack dorsey raising it shows is not a political issue, it is real and happening and what is scary about it is the administration and even the president, it is not seeping through to th

ceo jack dorsey getting in on the joke, tweeting, how much? in response to a meme saying the facebook.com domain is for sale. someone else posted in our executive who was behind the outage, sharing a version of my space creators tom anderson's famous profile photo. >>> hayes prompting an air quality advisory. >> paul heggen has more on when things could finally clear up and cool down a bit. >> yeah, things will start happening tomorrow. later on this week it will definitely feel autumnal. one of my favorite words to use and it applies to this forecast. let's talk about the air quality which was nodr was for the north bay and around the bay. current air quality readings, still in the moderate category for the east bay, south end of the bay and into the santa clara valley to do things will improve a bit tomorrow as we had through the day. not a spare the air alert today, still a bother to start the day for the east bay and santa clara valley but tomorrow afternoon we will see good quality across the board which will continue through the rest of

a lot of views, you don't get that from people like jack dorsey because they are not permitted. on twitter and such. sir, i want to ask. where do our rights come from? i wanted to start with that. i think people -- in talking about rights for a long time and i'd like to know. would you agree with me that our rights come from god? guest: no. caller: o ok. they don't come from god. if i understand correctly what you're telling me when you say know with your certified teud when it's self-evident that all men are created equal, so forth, our founding documents indicate that our rights are self-evident and that we are endowed by our creator with certain unalienable rights, life, liberty, and the pursuit happiness. you may frown, you may disagree. it is irrefutable that's what it is. it is incontrovertible. our private property rights come from government. it is not based on what you want to do with my money. when you want to create a health care system and reach for my wallet, that's when your rights end, sir. you don't own me. the government doesn't own me. we loan our power to gove

i'd like to drag mark zuckerberg of facebook and jack dorsey of twitter to the bar of the house. the survivor of a similar attack urged them to stand firm. we must not give up on the accessibility of members of parliament. if we do, the sponsors for those who attacked david and who attacked me will have succeeded. isn't it fitting that his last acts were acts of service to his constituents? there are tears on all sidesl of the house this afternoon. but an argument about civility in politics doesn't explain why, like five years ago, a family is in pain. it brought it back very physically. i was sort of shaking and unable to process it, really. that moment when you are told that they haven't made it and the weeks and months of despair and anguish that follow, i guess. if you were a young couple now, when she first said, "i think i want to go into parliament," would you try to persuade her not to do it? she had a vision for a society she wanted to see, and she would have taken personal risk to see it. so, i wouldn't have either tried or succeeded in trying to convince her to do anyt

i'd like to drag mark zuckerberg of facebook and jack dorsey of twitter to the bar of the house. the survivor of a similar attack urged them to stand firm. we must not give up on the accessibility of members of parliament. if we do, the sponsors for those who attacked david and who attacked me will have succeeded. isn't it fitting that his last acts were acts of service to his constituents? there are tears on all sidesl of the house this afternoon. but an argument about civility in politics doesn't explain why, like five years ago, a family is in pain. it brought it back very physically. i was sort of shaking and unable to process it, really. that moment when you are told that they haven't made it and the weeks and months of despair and anguish that follow, i guess. if you were a young couple now, when she first said, "i think i want to go into parliament," would you try to persuade her not to do it? she had a vision for a society she wanted to see, and she would have taken personal risk to see it. so, i wouldn't have either tried or succeeded in trying to convince her to do anyt

i think people are way ahead of themselves, and in particular jack dorsey. a very smart guy, a great tech guy. i'm not sure i look to him for my inflation predictions >> the way i'm trying to think about it, and i think jeff curry has been good on this at goldman talking about physical demand for commodities. it is structurally higher. he talks about the super cycle because we've had so much reallocation of goods towards the lower income population, which is so numerous but if we don't have an increase in supply, are we just getting price hikes? in other words how sustainable is it if you increase demand 20% globally, let's say, you can't increase supply 20%, then do you end up in a recession? >> kelly, let's put it all in perspective, right gdp, which is where supply meets demand, is basically just a little bit above where it was in q4 of 2019 we're back to gdp levels of where we were just before the crisis so we really haven't grown in six quarters this idea we have some sort of mega demand shock, kind of weird to me. i think we're in a flat growth period

jack dorsey, provided $500,000 which partially funded gary's pilot. >> we believe that $500 a month will give persons the opportunity, in some instances, to pay a bill, if you will, that they ordinarily weren't able to pay. and as a result of that, perhaps less stress will be associated with their daily lives, in-- in essence, providing them an opportunity to go out and explore other opportunities that exist, such as going back to school or enhancing their present skill-set. >> reporter: there are some people who say that, you know, if you're receiving money, that's actually a disincentive to work. >> i would ask them to look at the results and the information that's been shared from some of the other pilot programs and see how people have, not only in some instances, who were unemployed, they've become employed; but even those who are employed have become gainfully employed. >> reporter: evidence from the country's first citywide guaranteed income pilot program supports the mayor's assertion. beginning in february 2019, the stockton economic empowerment demonstration, or seed, in stockt

well, that may be the case if you ask twitter in square. theo jack dorsey, just the twitter over the weekend to warn quote, hyperinflation is going to change everything, and that it is already happening. he then responded to another user to say, he believes hyperinflation will happen in the u. s. soon. and so the world, of course, the threat of hyper inflation sparks concerns not just that prices will continue to rise, but that they will rise to the point where the government has no control and the dollar becomes virtually worthless. but treasures treasury secretary, janet gallant claims, everything is just fine and the government is not about to lose control of inflation. she noted that the current inflation we're seeing which has brought consumer prices to 30 year highs, is only expected to last until maybe the 2nd half of next year, leading many to wonder just what the promise of transitory actually means anymore. so joining us now to discuss the latest been bus co host, christy i and peter shift, chief economist and global strategist at euro pacific capital. christy, let's start

jack dorsey's going to have to be careful because he may get the same treatment next from the same people. oh yes. okay. de perkins? good talking. thanks for joining us on our team. thank you. gone next week, denmark's energy agency has cleared part of the north stream to gas pipeline from russia to germany for operation. more on that next from our europe correspondent. we're not quite there yet, but this is a step along the way to this gas pipeline eventually being up and running. what has happened is the danish energy agency has given its rubber stamp to the 1st string of the node stream to gas pipeline ad. that means that it has undergone air pre commissioning. it's also the hardest number of tests carried out on it, and it's passed those tests in the eyes of the, the danish energy agency. there's still some way to go yet bow before the pipeline will be open running to its fullest extent. the 2 strings were tied together in the summer of lab this year. that was, of course, much delay due to sanctions and everything that came with that at all of the, the political wranglings they are no

well now, jack dorsey, you know, last weekend as well, while we were suffering from hyper shrink lation. he was, he must have seen my tweet because that's what he inspired him to tweet. hyper inflation is going to change everything. it's happening that triggered many people. yeah, i did because these words, inflation, deflation, dis, inflation shrink. lation are all kind of misunderstood and misused. now to be clear, hyperinflation is a political act, it's in words, inflation, as of more of a monetary fact. so, hyperinflation is when loss in the currency evaporates. so in venezuela or in y mart, germany, or in iran, confidence in that money disappears and literally plunges. we're seeing it in turkey as well. the us, of course, having a world reserve currency you would think is immune to hyper inflation. but they have done such a poor job over at the central bank of the treasury department and in the white house itself over the past 20 years that it looks highly prob.

i'd like to drag mark zuckerberg of facebook and jack dorsey of twitter to the bar of the house. the survivor of a similar attack urged them to stand firm. we must not give up on the accessibility of members of parliament. if we do, the sponsors for those who attacked david and who attacked me will have succeeded. isn't it fitting that his last acts were acts of service to his constituents? there are tears on all sidesl of the house this afternoon. but an argument about civility in politics doesn't explain why, like five years ago, a family is in pain. it brought it back very physically. i was sort of shaking and unable to process it, really. that moment when you are told that they haven't made it and the weeks and months of despair and anguish that follow, i guess. if you were a young couple now, when she first said, "i think i want to go into parliament," would you try to persuade her not to do it? she had a vision for a society she wanted to see, and she would have taken personal risk to see it. so, i wouldn't have either tried or succeeded in trying to convince her to do anyt

is the better company in jack dorsey's portfolio with more growth potential. credits lease, way bullish on the casino stock, double their price targets doubling the price targets, $68 because of this juggling in the real estate portfolio and healthy cash flow. stuart: told that vegas is absolutely packed. >> conventions important and we are seeing people do in person events which is really encouraging. stuart: the jewelry chain known as signet, they've got -- you are laughing. >> we are talking diamonds direct, $450 million deal, diamond is a girl's best friend, a man's best friend as well playing both sides and demand for bling picking up again, splurging, diamonds direct for 90 million but raising sales guidance for the second time this year in a matter of weeks. stuart: austin tatian bling is back. >> giftgiving as well, cherry-red ability. >> how can you tell the difference in cubic and real diamonds, don't have a looking glass. stuart: you wouldn't pay for that diamond. >> if a woman found out the engagement ring was cubic circo neo. >> a man found out it

bitcoin, i love that jack dorsey tweet. tom: towards the 64,000 four bitcoin. it is getting close to the record. on the back of the strong demand for future. the crypto space is in focus. a lot of excitement there. burberry shares flatlined yesterday. francine: it is taking a couple of months. coming up, we will speak to anne finucane. this is bloomberg. ♪ tom: welcome back. european stocks just clinging to gains. joining us now, our live team. i want to talk about tightness and changes. >> i think it is a sign of how drastic things have gotten. they took really unusual steps to limit paying for futures. people like to pay for future contracts, but this is flipped now the people are desperate to get a hand on that metal. there are opposing roles. the is how unusual this market incorporate is. -- market in copper is. francine: i want to ask you about bitcoin. >> bitcoin is close to that $65,000 mark. it is all because bitcoin futures, etf started trading in the u.s. yesterday. it was one of the most active etf lunches we have seen. the question is, are we head

dorsey is more eager to censor but he's not as powerful as facebook so they been able to resist a little more and that is why there is so much a are at facebook and facebook has been summoned to congress four times in the past year and every time mark zuckerberg goes they say to him explicitly you better start censoring more or we are going to punish you with legal and retaliatory reprisals. laura: wait, is this 1982 in the soviet union because the same types of language, the tactic seems to be ramping up. the president returns to mister biden's neighborhood as fauci makes his disney fun debut. seen and unseen must be seen. an and unseen. this is... ♪♪ this is iowa. we just haven't been properly introduced. say hello to the place where rolling hills meets low bills. where our fields, inside and out, are always growing. and where the fun is just getting started. this is iowa. so, when are you coming to see us? ♪♪ >> time for seen and unseen where we expose cultural stores and then return to raymond arroyo, there were a lot of theatrics on display today from government officials. >

emily: jack dorsey was one of the first to tweet. meta was one of the names we were thinking it could be. referring to itself or the conventions of its genre. self-referential. ed: he responded to another twitter user that said meta was referenced to a dystopian future . he clearly does not think much of it. emily: aoc is also tweeting "meta as in we are a cancer to democracy metastasizing." ed: aoc is one of many on both sides of the aisle that have criticism of the facebook parent company but is an avid user of the platform. her instagram page has 8.7 million followers. it is a means she uses to communicate with voters. emily: many of facebook, instagram, whatsapp critics, also use the platforms. therein lies the paradox. this is my favorite. wendy's is changing its name to meet. -- meat. ed: a good take on meta. i am an avid social media user. you are an avid social media user. this happens. you have had facebook for more than a decade. this is a big moment in technology history. 2021, the world immediately results to memes, to ri

dorsey is bullish on it it seems like coinbase will test it out i am sure the scale is making a lot of these other players bullish. >> i think kate nailed it. it is coming after there was a tweet that talked about open c 27.5 billion 330,000 growth if you do all of the math, it's a pretty easy thing for coinbase if you think where others are trading, it is a logical extension. >> there are other players in there. tim, i know you follow draftkings maybe this is a space that will be very fractionalized so to speak in terms of specialization, nfts and certain marketplaces >> i think they will especially as they get into the different entertainment and artistic genres that i think will and are attracting nfts almost like marketmakers this is almost a 90% correlation between crypto prices and bitcoin to the past. it is not keeping base -- pace. i think it's undervalued i think their names are not terribly unique or clever, but bottom line is i think these are things that nobody has in their models anyway. i think coinbase is somebody that embraces the regulatory environment and has worke

dorsey. a nice debate between them and cathy wood i wonder how you think it's factoring into the crypto trade? is the main dynamic? >> i don't thing it's the main dynamic. i think the main dynamics come back to what we talked about earlier, in terms of the e, if f finally being approved and the likes of which we hadn't seen before. i think 1.5 billion in crypto backed funds, verses the preevlious all-time high, of 640 million. so, that's obviously a massive increase on that front i do think these inflationary fears are lurking in the back grbd and obviously, really since it came into existence is this is something that is fixed in supply in a way that gold can't claim to be. and it is a digital alternative to gold and there a lot of investors looking at it from that perspective i think it is hyperbolic to say the least to be talking about inflation. bearing in mind the definition is 10s of percents of inflation happening at a very rapid pace and a very rapid pace of acceleration we've only se

the debate involved actually three notable names starting with jack dorsey of twitter who said last week hyperinflation is going to change everything. he said it is happening. that drew the attention of cathie wood as well as elon musk. musk wrote yesterday, i don't know about long-term, but short-term we are seeing strong inflationary pressure. wood answered partly by saying, new technologies are going to help bend the curve on inflation despite recent supply chain bottlenecks related to covid-19 and oil supply constraints. she pointed out she is doubling down on her deflationary outlook and it was a really interesting conversation to follow. maybe that is one of the big benefits of tesla -- twitter, sorry. tesla as well. coming up senator joe manchin of west virginia says taxes need to be fair and all options have to be kept on the table as congress looks to agree to a spending deal. you will hear from him next. this is bloomberg. ♪ ♪ matt: this is bloomberg markets. i matt miller. after months of trying to get the info structure bill passed senator joe manchin remains skeptical on

dorsey and cathie woods, we need to see more story about deflation and few stories about rising cost. better than fear results, could this quarter be the push that the stock needs to break out i am going to talk the ceo oil is continuing to be higher could the rally running out of steam at the top >> top and bottom line beef for the third quarter sends the stocks soaring today i am breaking it down with the ceo to see if this is a new beginning, i am going to talk to the ceo. stay with me >>> don't miss a second of "mad money," follow @jim cramer, have a question #madtweets, give us a call at 1-800-743-cnbc, miss something head to madmoney.cnbc.com. it if you really want it, by jimmy cliff ♪ [suitcase closing] [gusts of wind] [ding] you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ever wonder how san francisco became the greenest big city in america? matching your job description. just ask the emp

dorsey tells us the global investor for a lot longer than that he's looking at hyperinflation as a big worry kathy would saying it is not but therein lies the great debate forget about the supply chain disruption that could be with us for a while and the higher prices are still with us for a while. scott martin and dan on that. welcome to both of you, what do you think about that we will have to deal with the higher inflation, maybe not hyperinflation as dorsey sees it behind inflation, is that right? >> it makes good headlines, it scares people in they read on to see what the real details are, they told us everything is okay or will be okay because supply chains will be relaxed and they'll get back to normal then i don't think people would care as much and move on to the next story what i do believe there are better days ahead, the point of jack dorsey and others it's taking longer than we thought but it goes to show you the balancing of prediction to conjure up one of my favorite songs from the early '90s linger from the cranberries if i divulge on tv, it is going to linger there is

it's not that jack dorsey is more eager to censor, but he's not as powerful as facebook is that they've been able to resist a little more and that is why there is so much anger at facebook and what you said it, we don't need to guess that. facebook has been summoned to the congress four times in last year and every time mark zuckerberg goes, they saved him explicitly you better start censoring more or we are going to punish you with legal and retaliatory reprisals. >> laura: glenn, sometimes do you wake up and think it's like circa 1982, it seems to be ramping up. the president returns to mr. biden's neighborhood and dr. fauci makes his disney plus debut. raymond arroyo has it all, seen and unseen. >> laura: it's time for our seen and unseen segment where we expose the cultural stories of the day and for that we turn to fox news contributor raymond arroyo. raymond, there were a lot of theatrics today on display from government officials. >> laura, it began when the president made a return to mr. biden's neighborhood. now that would be the steps the administration built to evoke the whit

we had that jack dorsey tweet that we're in hyper-inflation, larry summers said he's never seen anything like it in his lifetime. why isn't that pressing against the market? the markets keep going up and is in spite of these inflation fears. >> look, ultimately inflation will be the headwind that breaks this market's back. i think the reason why it hasn't hurt in the near term is there's been a lot of bearish sentiment. the bears are having to play what i call the catch-up trade there. so there's a lot of capital chasing. i think inflation is going to really hurt this market the first half of next year. i expect to see a double-digit drop in the equity market at that point. i think the fourth quarter's going to continue to stay strong though. but without a doubt, i think everyone can finally admit what we've been saying, it's not transitory, and it's only going to get worse, unfortunately. david: i could throw another log on the fire there, jon than, which is in the past when you've had these inflation spikes starting richard nixon, you had price controls. and price controls lead to shor

jack dorsey in the news. square shares moving higher on initiation over at jefferies. the analysts basically calling it the leader in the neo-bank space, saying it is a must own. twitter shares also higher. tom: the what bank space? romaine: neo-bank, tom. you can go to a regular bank like you do, or you can do neo-banks. square, fintech, whatever you want to call it. they are all kind of catchwords on the space now. they simply, you can log onto square, send me money, buy your crypto. tom: is square going to give me a toaster at christmas? romaine: i don't think they do toasters anymore. you can buy your own poster. twitter up from its ad loving -- it's an sharing platform. tom: right now, sarah house helps us with the jobs report, all of this back to the tradition of the great john silvia. they go deeper. you and your team have looked at this pandemic, our labor dynamics, and women. how are women doing within the pandemic and within the jobs reports we see tomorrow? sarah: women are still lagging behind in terms of the labor market recovery. particularly when it come

. >> yeah, this is jack dorsey talking about hyperinflation, and he said it would happen soon and the world as well. it's an economic term, and we can say immediately there's no hyperinflation in the united states, and so he's dead wrong in that sense. it's concerning, yeah, because we have seen a lot of inflation. yeah, it's a concern. >> thanks for the fact check. >> you bet. >> thank you. >>> all new this morning, the impact from the supply chain issues we have been talking about will likely have you sitting at the thanksgiving table wishing for seconds but not getting any. holiday food items may make it the most expensive in history in part because prices doubled for the corn they gobbled up. canned good prices are higher in part because steel prices are double than what they were prepandemic. so make your green beans from scratch. >> green beans for everyone. >>> trending this morning, "halloween" is already in the works. there is hope her character could finally achieve peace. >> so for me there's life in the old girl yet. it feels, to me, hopeful. even though the end of "hallow

why the push into mining, and also good morning. >> good morning, frank so square ceo jack dorsey says that right now mining for bitcoin is not accessible to everyone but should be dorsey said square is considering it's own bitcoin mining system so generating new bitcoin is as easy as plugging into a power source. today the mining industry is dominated by large scale players who can afford to buy tens of thousands of aasics. which is a specialty used to create bitcoin dorsey wants to make it so everyone who wants to be a miner can be dorsey says it will be open source meaning they will build it in the open in collaboration with the community which is a typical approach for square. doing the same thing with its bitcoin hardware wallet. frank? >> so also on deck this week the first bitcoin futures etf set to make the market debut. what can we expect to see in the next few days? we've been hearing that the crypto community is not exactly ecstatic about it. >> this is a huge moment in the crypto world as long as the s.e.c. does not object the first future etf for pro shares is expected to

after hours you had jack dorsey tweet the square might get involved with creating a bitcoin mining network. square shares traded higher after hours almost 3% before paring gains. the biggest stock with the most exposure to crypto is micro strategy, dave wilson pointing this out, microstrategy has a massive investment in bitcoin. it turns out the gains they made on the investment took almost 50% of the company market value. bitcoin futures, microstrategy, one stock you might want to keep an eye on. caroline: thank you, and thank you for that breaking news. we are going to talk about crypto and the blockchain that underlies it because we are starting to see blockchain used the trade diamonds. can you trade diamonds as an actual commodity? that is what the bermuda-based diamond standard is looking to do. it is the first exchange traded, regulator approved fungible commodity, and it is offering futures contracts and hopefully an etf on the new york stock exchange. we turn to the founder and ceo of diamond standards. where to start? so much news, you are raising money, just coming off news abou

. >> iç■ like it because both you and i were talking about the fact that twitter's ceo jack dorsey tweeted out si■qáhing funny,r division, referring to its self self referentipñ >> it is fun watching them throw shade. >> facebook shares are at session highs this pretty much concludes their@■■ developer's conference a lot of newse1 to digest. >>> another bigñr■one coming up here shares of applm■1 rising ahead the reporting after the bell today. they warned the quarter would not be as strong as the last one.e■ applew3■is up around 15% this year, helping maintain its market cap dominanceq■ in tech we have an analyst with ever i]outperform, the equivalent of a buye1 rating on apple. thank you for joining us this afternoon. let's talk about whether or not apple can say anythinge■ today that can kind of get it going, catalyzed to the upside. it has been underperforming the >> hopefully it does not include a name change from apple's perspective righte1 now.i■ no listen, from a number of things, i think the biggest debate is it has somewhat underperformed for the year has be

dorsey, coming out with a tweet saying hyper inflation will change everything. it's happening. well, hyper inflation is 50% a month. we're a long way away from that. 5% inflation, if you get 4% gain in wages and 5% gain a year, your losing 1% a year. it's hurting you in the pocketbook. it's probably going to be more than 5% by the end of this year. as i said, you also have larry summers, a democrat, said we're in more danger of losing control of inflation. we have a generation of central bankers defining themselves by their wokeness. what he means by that, there's this woke idea that you can print as much money as you want, have deficit spending, print more dollars and it will take care itself. that what causes inflation. the trillions of dollars that we spend in covid relief the past year under republican and democratic administrations has been monetized. that debt spending has been monetized by the fed. the fed buys up 60% of it. they just print money in order to cover that purchase. so that is why the president today spoke about this bill will pay for itself.

twitter ceo jack dorsey tweeted out the number -- put it out a number yesterday afternoon, leaving some to figure out whether it is related to cryptic currencies. bitcoin rose to a record high today after a strong debut by the first u.s. exchange traded fund. investors may have traded a lot of the new bitcoin users etf on its first day, but crypto bull cathie wood was not among them. here is wood at the mocon's to toot global conference st milken institute global conference -- the milken institute global conference on her reasoning. >> there's more having to do with contango versus or normal backwardation, so not yet. >> the fund from proshares is based on bitcoin futures and is the first of its kind in the u.s. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm john hyland. this is bloomberg. guy: thank you very much, indeed. let's stick with that bitcoin theme. record highs today, at what point -- at one point up over 3%, after the launch of that proshares etf. it surged more than 120% this

jack dorsey's bank getting a wave pointing to multiple factor including cashout. praising the rapid growth on the pandemic, expecting through the payment plat storm and the buy now pay later acquisition afterpay on the flip side, we have airbnb, upgrades to outperform do expect the pandemic boost for alternative accommodations through a main post-covid firm airbnb is going to grab 50% of online travel agents this year and sees bookings only going high over 100% year over year growth. $126 billion by 2026 carl, i think the real question here is, the difference between products and platforms square's, you know, unquestionably done great stuff, with cash app, i think the potential clients with afterpay are interesting, but is this a platform or are these individual product successes that don't necessarily build on one another i don't think it's clear >> well, the airbnb call is also really fascinating when you couple it with encouraging commentary from american airlines this morning, julia, about the holiday travel season. but they're way, way above consensus on book

. >> jdvance, twitter chief jack dorsey should let trump back on the site because we supposedly need alec baldwin tweets. if there is one thing none of us need in our lives is about trump tweeting this situation. as you may have guested, over 15,000 and counting many users suggesting that vance delete his entire account. how badly his street is coming forward. >> the founder of moms demand actions put the focus where it needs to be. >> she wrote, a woman is dead, a son is stolen from her. our heart goes out to family and loved ones of helena hutchins. >> coming up, imagine trying to get covid-19 on purpose. talk about a fever dream. my panel is back next to talk about it. panel is back next to about it bogeys on your six, limu. they need customized car insurance from liberty mutual so they only pay for what they need. woooooooooooooo... we are not getting you a helicopter. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ dignity. it demands that we can still do the simple things. so it demands life-changing technology, to relieve chronic pain. ♪ ♪ a