denis is the new ceo of positive technologies. he said he was just as shocked as the rest of the cybersecurity world when president biden accused his well—respected company of hacking for russia in april. the sanctions forced him to postpone a long—awaited ipo. it has also cut the company off from access to many western partnerships and technology. is this a punchbag? yes. did you come and punch this on the day of the sanctions? no, i didn't, because it is not my way of working out stress. the wording of the accusation is that positive technologies has worked to support the russian intelligence services�* efforts to carry out malicious cyber attacks against the us. is that something you have done? by double purposes, do you mean you do not allow your products to be used in offensive ways? the biden administration has also criticised the company's annual hacking conference, where hackers are invited to attack a mock city. the us claims that the event is being used as a recruitment tool for the russian intelligence services. i

i met the new ceo of positive technologies. he said he was just as shocked as the rest of the cybersecurity world when president biden accused his well respected company of hacking for russia in april. the sanctions. to postpone a long—awaited ipo. it has also cut the company off from access to many western partnerships and technology. is this a punchbag? yes. did ou technology. is this a punchbag? yes. did you come — technology. is this a punchbag? yes. did you come and _ technology. is this a punchbag? yes did you come and punch this technology. is this a punchbag? 123 did you come and punch this on the day of the sanctions? h0. did you come and punch this on the day of the sanctions?— day of the sanctions? no, i didn't, because it — day of the sanctions? no, i didn't, because it is _ day of the sanctions? no, i didn't, because it is not _ day of the sanctions? no, i didn't, because it is not my _ day of the sanctions? no, i didn't, because it is not my way _ day of the sanctions? no, i didn't, because it is not my wa

and so they've decided that those 2 companies have to be added to the list, also added positive technologies and russia and c, s i c at from singapore, the traffic cyber tools, which allowed people and companies and countries to access the personal information of people all around the world and we've seen many of those malware attacks and just in the last year or so, particularly here in the united states as well, that this decision to put them on the list is made by a company that a committee that includes not just the commerce department, but also state and defense and energy and sometimes on occasions treasury. the biden administration says that this shows that human rights is right at the heart of their foreign policy by taking this action. now this lest was created back in 1997. it was really in then to try and stop companies abroad and places like a rag obtaining the materials that could be used to develop weapons of mass destruction. but clearly, over the last 10 years or so, much of the focus has moved on to cyber crime. and what can be done in cyberspace that could be a threat to th

positive technology trends are also accelerating. in the past ten years the cost of solar and wind power declined by 89 and 70% respectively. and over the past three decades, lithium ion battery prices have gone down about 97%, thanks to clean energy and efficiency, it is now possible for countries to grow their economies without increasing carbon emissions. alas, it's not enough. we need emissions to actually fall and by a lot, not simply stay constant, and we are not on track for that to happen. even if all countries follow through on the commitments in the paris accords, and most have not, that will reduce carbon emissions by just 7.5% by 2030. experts agree what we need to cut these emissions by is about 55% by that date just to keep temperature rises under 1.5 degrees celsius. reducing carbon emissions is so hard because it involves the total transformation of almost every aspect of human economic activity, from the cars we drive to the cement we use to build things to the heat we use in our homes to the food we put in our mouth

so seasonally december is positive technology is a one of the weakest months in the year it is weaker relative to financials and utilities utilities since 1980 is most consistent to the upside in december what you also should know about is december tends to be back ended loaded as late as the middle of december on an average basis returns are only barely positive the second half of the month you see strength and then lately when you have a down november like this in a strong year you tend to see when you've been up 10% after a down november every year that's occurred nine prior times december was positive so the fact that we were down in november and historically strong month doesn't negate december. >> a lot of people thought we are overbought in the downturn in the market. how do you gauge if we're oversold >> it depends on what you look at and the sectors communication services is extremely oversold russell 2000 is pulling back here a bit so you tended to see investors really sell with abandon there. but today breadth is weak. that could be an indication of some pacapitulation and

the competitive commissioning -- competitive positioning of select technology in our port folios are more important than ever. we are huge proponents of profit taking. this is the time where, if you see the disproportionate growth in certain sectors of technology in our portfolios, this is the time to strategically take profit and reallocate to the parts of technology that are going to continue to grow, and there's a germans amount of opportunity there. we think money is absolutely to be made in technology. guy: where does that leave the headline index? i heard what you said about the s&p, about the russell. as we get this rotation, does the index level come down? katerina: there is a time for investing in indices, and then there is a time where the asset management and very careful secured he selection takes place. this is the time for quality. the time for de-risking and strategic positioning. when we look at the positioning of the sectors within the portfolio, we have to ask ourselves, is there a competitive advantage? is there the price sensitivity that companies can tick advanta

in robotic type technology. >> up 10% for tesla, up 7% for neo. what are we looking for for rivian what are the source of funds guy, sorry >> the source of funds could be in the form of tesla we thought tesla would trade up and beat that all-timehigh in earnings that happened. on that day i thought it would go back to the prior high of 900. i still think that although it has been wrong i think the source of funds could come from tesla. we have been talking about ford for a while, just how cheap it was in terms of valuation and how $19 for a lot of different reasons made sense i still think ford can go higher, especially off this news >> steve >> i don't think they have to be a source of fund a lot of people thought they missed tesla and those are the peep people that will buy this. bay bezos is going to give a book on rivian my prediction is that this thing is trading over 100 on the first day of trading >> let's look at stocks. in the last hour, they jumped. a republican lawmaker. tim, what's going on >> cannabis rallied 10% in the last hour on n

that excess squarely into the positive procyclical scamp. technology is obviously a growth sector and technology, particularly the large cap technology stocks, are used for defensive purposes. we have seen the semiconductor stocks do very well in here. that is more of a safe value type of look. but for us, materials and industrials look really very poised in terms of valuation. we think that international developed looks good. look at what is going on with covid in europe. lisa: why aren't markets responding more to the wave we are seeing in europe, the idea that we are seeing shutdowns reinstated? linda: the united states is a big country. the states are all experiencing different things. we know the south has seen their spike and they have seen it come back down again. here in the north we are seeing spikes, but it has a lot to do with the fact that they have not counted the breakthrough cases, now they are counting them so it looks worse than what it is. i saw the tape that shows people over in europe protesting. they are protesting witho

the company was trying to weigh the positive use cases for the technology against the growing societal concerns, especially as regulators have yet to provide clear rules more than a 3rd of facebook's daily active users have opted to have their face is recognized by the social network's system and videos and photos. facebook already been scaling back its use of facial recognition. they say after introducing it more than a decade ago. >> still ahead, for the second time in a matter of months. reverend jesse jackson has been admitted to the hospital of the civil rights icon a happe the walnut creek city council will consider banning the sale of flavored tobacco and e-cigarettes. >> if passed businesses would have 5 months before the law is enforced. earlier this year contra costa county restricted the sale of flavored tobacco in unincorporated parts of the county. >> in national news opening statements got under way in the murder trial of kyle rittenhouse in kenosha, wisconsin. prosecutors say rittenhouse instigated the confrontation that led him to shoot 3 people last year, killing 2 of

and the positive impact it could have if it wasn't for technology and band width, many students wouldn't have access to basic education over the last 18 months yes, it's good are we tired of just remote in many places we are i think our families and our students need that interaction but as you mentioned for our students in rural communities, think about the doors that can open for them when they can study fields with people instructing them that are not necessarily next to them because maybe their schools don't offer that robust options. think about that student that can take classes with a professor across the country to learn a skill that that community needs. you know, there's tremendous upside to this i look forward to in the very near future saying that the digital divide is in our rear view mirror where we have access we know the laptop or the devices is not a luxury any more it's not a luxury any more students communication right now involves technology and we need to understand that education must embrace that and prepare students, not only for the technology of today, but for t

the company was trying to weigh the positive use cases for the technology against growing societal concerns, especially as regulators have yet to provide clear rules more than a 3rd of facebook's daily active users have opted in to have their face is recognized by the social network system. facebook claims that it had already been scaling back its use of facial recognition after introducing it more than a decade ago. coming up here on kron, 4 news at 6. we'll talk to our political analysts about the virginia governor's race and its national implications. now that the polls are closed on the east coast and then what the california delegates are saying at the international climate change summit in scotland. plus the sharks getting ready to hit the ice despite a number of players and staff coming down with covid. those stories and much covid. those stories and much more after the break. i felt awful because of my psoriasis. i was covered from head to toe with it. it really hurt. then i started cosentyx. that was four years ago. how are you? see me. cosentyx works fast to give you clear skin th

>> the commitment to content, i think disney holds the brand they are in position to move with technology. as bob said, we will listen to consumers and see -- espn is a powerful brand in sports they control the levers here new markets and content are keys to the stock they have given you the sense that the second half of 2022 will be exciting >> pete, you said you would be looking to get in around here. did he say anything to convince you either way >> i think bob is always clear about the direction. we talked that earlier, about the earnings, about what he promised about what's going on that's exactly right i think we need to listen to him. i think he is doing an outstanding job about listening to every aspect of the business. he touched on the metaverse and everything it's the betting and sports and content. i am impressed with what he had to say i do think it's more stretched, but i am getting more interested tim mentioned the second half of 2022 that makes me think i have a little bit of time to think about this, not something i need to do in the next 24 hours >>> look at mastercard j

a technology is becoming cheaper green technologies of. 1 the believe back a green industrialization is just, you know, behind the horizon, but is going to take place in next few years. these are positive tanks be, should not discard these positive tanks. if we go over the positive frame of mind, maybe maybe we will get something positive out of classical. but going with a pessimistic frame of mind is not going to take us anywhere. so i am gay as a say, i am gosh leslie optimistic that we will get something more than what we've got in rome on climate change at glasgow. it's an interesting thing that you mentioned earlier. you talked about, look at the g 20 didn't come up with anything concrete, but they did a least accept what needed to be done. the other countries are going to put pressure on the g 20. this could mean that something might change, but all of those countries are developing nations that don't have the money to be able to put this in place. and if they did have the money, probably the last thing they would spend on is something like climate change. when the hunger pover

. >> the cold case solved by advances in dna technology proved positive that waseem daker is a killer. >> defending waseem daker was waseem daker. >> i want to point out three principles of law i want to give you. >> before he took over his own case he had been represented by an experienced team, michael and jason treadway. they were still advising him. >> they had no case without those hairs. that's why they didn't go forward initially. they didn't have a case. and they knew it. >> their advice to daker, focus on those hairs and don't obsess about lottie. >> this case had to be defended by attacking the science of the state's case. >> but daker couldn't seem to let go. his focus from the start was his relationship with the state's star witness. >> i've been in her bed. i've been in her sofa. >> it was a romance, intimate in every way. lottie insisted that wasn't true. >> some things had to be beyond frustrating saying you two had a sexual relationship. >> there was no relationship so there's nothing, you know, more that i can say about that. >> did he ever try and do anything like ki

where we need to do huge infrastructure in business, in green technology but we are in a position whereby being the world's largest manufacturer of high quality, low cost medicines we can do something good for society by helping health care systems around the world to get access to medicines on w.h.o.'s essential medicines list when you talk sustainability linked bonds, each company should find what are the key areas where they can make a difference to society. so if you look at the u.n. development goals, where can you help the world that's what you should do. they're not specifically targeted as green gas house emissions and reduction of those. we're also doing that, but that's a thing that everybody does but securing access to medicine, that's something that we uniquely can do. that's why we're doing it. >> how does it work in practice with this bond when it comes to investors being able to assess your progress and whether you are, in fact, using the proceeds to fund the initiatives that you just described and what happens if it's deemed you aren't actually using the proceeds for susta

the other is that technologies can be misused by people. i don't think technologies will become evil itself, like "terminator" or a dystopia like that, but i do think they provide very powerful weapons to bad people. terrorists, for example, or countries that choose to use them in a very damaging way to the rest of the world because i think technology amplifiers give those capabilities, and using autonomous weapons as an example is something that could wipe out lots of people. francine: you can watch that full conversation on "leaders with look what -- "leaders with lacqua." tom: we have a rate rise from hungary. again, in terms of the foreign rising on the back of hungary raising its one-week rate. let's get to bloomberg first word news now. laura: germany's new government promising to cut greenhouse gas emissions with more renewables and a new carbon price floor after two months of negotiations after the coalition was sealed with the greens and662 democrats. sweden's first prime minister has been forced to resign just hours after her hist

uses for the technology against growing societal concerns. record closes for the record stock markets again today on wall street. the dow gaining 139. the s&p 500 finished ahead 17, the nasdaq rose 54. again, records. up next, the attorney general on the clock. senate republicans want answers about his call to investigate parents upset over their children's education. >> the only thing the justice department is concerned about, violence and threats of violence. >> the department of justice knew it was coming and then they sicked the feds on parents. that's why merrick garland should be resigning in disgrace. when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade. >> bret: tolls close minutes from right now. looking

talent before -- how is mongodb position when talking about the great resignation. are they resigning from mongodb? >> that's funny. i don't think of it as the great resignation. i think of it as the great hiring for us and the great rebalancing for everybody else the reality is as a result of the pandemic people changed where they worked and when they worked times we've always been focused at how people worked at mongodb in the last two months some of the greatest technical engineers on the planet have joined our company because of our empowered bottom's up culture. >> you work remote, right? >> i work remote i am physically in seattle and i work for a new york company, and i love it. the reality is is companies have to sit down and they need to really take a deeper look at how they're running their staff and you and i are on a panel later today where we're going to talk about how executives at this council need to run the companies different in order to make this hybrid new environment a place where people want to come to. >> i was going to say that is exactly wha

the company was trying to weig- the positive news cases for the technology against growing societal concerns, especially as regulators have yet to provide clear rules. more than a 3rd of facebook's daily active users have opted to have their face is recognized by the social network system that's about 640 million people. facebook had already been scaling back its use of a fake facial recognition after introducing it more than a decade ago. a san francisco police officer is facing involuntary manslaughter charges for shooting a mentally ill and unarmed man. this is by. 2017 when according to district attorney chase a blue jean officer kenneth cha shot sean war while responding to a noise complaint. the bullet damaged moore's liver and colon. when more died in january of 2020. the coroner ruled the death a homicide saying he died from internal obstruction due to the bullet wounds. this is only the second time in san francisco's history and on duty officer has been charged with homicide. and san francisco police officers association released the following statement in response to the charges sa

on technology. liz: let me follow up on the previous question by taking you back to connect over coffee written pre-pandemic. and in many ways you anticipated the kind of world that we are dealing with now that we've been hung into this world a virtual connectivity including today's session. about your book which normallyly would've been a pleasant chat among a bunch of us at politics and prose bookstore. it's now turned into something where i'm speaking from washington you're in singapore i believe and i don't know where our listeners are. you also talk about it in a previous book is supply-chain disruptions. we have a supply-chain war going on and a lot of debate about that. talk about the ways in which you anticipated where we are today or maybe you didn't anticipate where weod are today. >> there's two levels one is the infrastructure, the geography of supply-chain in the competition to be the central nodent of production were to control the technological innovation in that book i call it the ho

number one, stronger founders coming from abroad and the large technology companies. we are seeing positive elements here. two, the fundamentals of the company are getting stronger. i mentioned revenue generation getting stronger. these companies are healthier. number three, we have seen great excess. -- access. we have the largest ipo in indonesia. it is a successful ipo. this will increase investor confidence in this region. in this country we welcome more global investors. global investors are starting to see the potential. francine: thank you so much, jefrey joe, general partner / co-founder, alpha jwc ventures. coming up, plenty more on the region in the tech space. these are some of the movers we are watching. ab foods is an important one, planning store expansion after the lockdown recovery. the parent company, abb, expects improved margins and profits. the other one we are looking at is bayer. lizzy burden was bringing us up-to-date what is happening, one of the gainers, 2.8%. investors seem to like what they are seeing early. down 2.3%. now we are looking at

cecilia brings up an interesting point about positive use cases. for all my life i thought about technology and thought what a great thing the internet means nobody will be able to lie and social media and virtual reality will mean we'll be able to -- kids next time there is a pandemic can learn as if they're in a classroom sitting at home and people can take courses they never took before but i worry about the fact we can plan an insurrection from your living room and play target practice with whatever you think you'll fight with on the grounds of the capitol. how do we not limit ourself for fear of how facebook may wreck the world? >> well, i totally hear you, ali. i worked supporting democratic activist around the world to use the internet to connect with each other and constituents in authoritarian countries where they wouldn't have been able to do that in any case. the internet can be a positive thing. for every cat picture, every baby picture that we, you know, click like on, there is also some really horrible stuff out there. i think we have

the instant communications enabled by modern technology, which is so positive in so many ways, inevitably makes the challenge of keeping our people more safe brother her. it also demands and -- rather hard, and it demands a global response. that is what i am pursuing. terrible ideas and falsehood spread like wildfire, radicalizing and emboldening an exciting the financing of terrorism, rife online. freedom of speech does not include the right to incite terrorism. the global internet forms are an example of strong progress, but the truth is that we need to do so much more. end to end encryption brings further risks. indeed, in my view, it jeopardizes the good work that has gone before. messages are already encrypted to standard, but end to end encryption where neither the platform operator nor law enforcement can see the content jeopardizes much of that work. reasonable people instinctively understand that law enforcement has got to be able to track and tackle the terrorist material or child abuse images where it has a legal want to do so. that should be the same in the off-line world. mer

technology. prosecutors claim she misled bold investigators, investors and patients into believing she had invented a breakthrough in technology. the homes are due today. she generally believe results and that she was not intentionally trying to mislead anyone. if convicted homes could be sentenced up to 20 years in prison. the trial will pick up again today. well, former raiders wide receiver henry ruggs will remain on house arrest. that's after nearly missing required alcohol test. he's required to take 4 since his involvement in a deadly car crash earlier this month. he was suspected of being drunk when it happened. well, it's appeared in court yesterday because he missed a warning to take the test. he says he did not hear signal that informs him. it was time from here on our roads will have to wear a gps ankle monitor and another device to monitor his alcohol level. the trial of the 3 gtorgia men charged with the murder of ahmad arbery continues today with a rebuttal from the district attorne

people took more advantage of social media presence and new technology. and so we are now positioned to help these businesses into the next segment. i feel like we do not have to give up. there were many businesses shuttered. but what we know is that our community, black communities, latino community, indigenous community, rural communities. this is where we need our small businesses to thrive. and i think what we know is that we can help those businesses to pivot and to persist. >> again very inspiring, and ron, tell me what you believe. we have seen promising sign, certainly promising science for 20% i think of the businesses that shuttered. what do you think they need to take that next step and thrive? >> it would be great to hear. and we were extremely proud that the president of the united states went to tulsa, oklahoma, made the commitment that he was going to increase the spend with black firms from 5% to 15%. so often when programs are created to move the black business community, or black community forward, it is under the broad brush of minority

nathan, is there a positive side to this? >> well, you know, there's always going to be, you know, arguments that we hear that it's going to be used to save the children. but really what we have seen in actual practice is that far more often it's being used for much smaller incidents, especially government use of the technology which has many -- has its own wealth of concerns. but we've seen with the use of facial recognition technology by government, we see we're already -- three black men have already been misidentified and accused of crimes they didn't commit. we know any time there's engagement with law enforcement, there is the potential for violence there. so we have to look at the whole picture. we have seen already that more than a dozen cities around the country, including here in san francisco, as well as oakland and berkeley, have decided that government use of technology and the impacts of our freedoms, the balance has to work out and they have chosen to ban the use of the government technology. >> the facial reco

so i think they're really well-positioned to lead in 2022. nvidia again is one of those companies that have three-to-five year window on all of their competition. with the onset of a.i. coming online it's a strong leader. yes we have supply chain issues and i think any of the help and guidance will help the market understand a little bit. liz: you want to go best in class. paul feinstein, thank you very much. folks, red on the screen today but this day the headline will be that rivian, the ev truck and van maker debuted. [closebell rings] holding at $100.45 for a gain of 128% on the first day of trade. that will do it for "the claman countdown". ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so consumer prices recorded a sunning increase for the month of october. that's the big story, rising a huge .9 of 1% just for the month of october alone and now 6.2% for the past 12 months. that is the fastest pace in over 30 years and i have to say that last month's results really, really undercut the idea that

so those are all very positive that it's good to know that these 2 countries can work together on or are pledging to work together to further that commitment to try to keep them. temperature rises to 1.5 degree celsius is also being seen as a positive thing, because we have to remember this bilateral relationship really has been following a negative pattern over the past few years. it seems to go from bad to worse. and this has been since the previous trump administration, as john kerry alluded to himself, there are a growing list of disagreements from taiwan to hong kong since young the south china sea. so this is also being seen as a possible turning point in the relationship earlier on thursday afternoon one, when been the chinese foreign ministry spokesperson said about this declaration, that this was proof that both countries can still work together on major international issues. he also said that this corporation can benefit not only both countries, but also the world and inject positive energy into the multilateral process. so from china's perspective, i think they're really h

since the trump administration, there have been a number of disagree, mental anything from technology to trade, to human rights. i think we have seen some positive moves, things that have been ameliorating the situation between the 2 countries and late september us, chinese hallway, tech executive, mung, one joe who was detained in canada for 3 years under u. s. charges were released. that was seen as a very positive sign said aging. and just last week we had the surprise joint declaration at the club, 26 climate summit between the u. s. and china. this rest show of unity. now it's kimberly alluded to. we do also have a lot of disagreements on the table that these 2 countries need to look at. these 2 leaders will no doubt discuss issues such as the south china sea. and what the u. s . has described is tried, is increasing aggression over that disputed territory as well as china is activity increasing activity in the taiwan straits now trying to seize taiwan as part of china. but at the same time, we've seen the biden administration making various very friendly, moved towards the taiwa

s&p looks set to close at a record high but need a positive high for a record. technology leading with industrials, communication services financials, real estate and health care bringing up the real it is a big outperformer today nvidia is a huge -- amazon with a good day why qualcomm we hit tesla is up again. microsoft. some other chip names. moderna down small caps under perform it does look like the dow and small caps coming closer to the flat line. s&p 500 and nasdaq go out with a record close ♪ >>> welcome to "closing bell." i'm wilfred frost with sara eisen and mike santoli closing with another record high for the s&p and the nasdaq the s&p up 0.4%. nasdaq up double that why the dow nearly in positive territory. nice ramp we saw into the close particularly for the dow down just 31 or 0.08% excu consumer discretionary and tech only up more than 1% we have a huge hour of earnings ahead with airbnb, expedia, square and uber. also breaking down the numbers from shake shack, dropbox, peloton all results are moments away stephanie link is still with us and em

we're interested in developing crypto technology, understanding blockchain, smart contracts, and preparing ourselves. if it's going to be a -- we want to make sure we are well-positioned. but is not without risk. there are serious risks. money laundering and terrorist financing are the august want, because we know -- are the obvious ones. we know ransomware goes through the bitcoin market. we are also concerned about investing in it. haslinda: do you think financial institutions in singapore are preoccupied with it? here you have a central bank providing licenses to some of these crypto companies, but banks are unwilling to service these crypto companies. why do you think that is so, and what would it take for us to legitimize crypto assets and being legit before they jump onto the bandwagon? ravi: we try to bring the two parties together and explain to the crypto players, look, you have to behave more like a normal customer of the bank and the bank has requirements that it wants to know information it needs to know and you need to be able to provide it. if they can provide that informatio

it will require new cars to the install drunk driving prevention technology. and it will make dangerous, largely unregulated vehicles , like limos, safer to use on the road. in the audience today, we have a great new yorker, my friend, kevin kushing. kevin, where are you amid this big crowd? thank you, kevin. he's way back there. kevin is the father of patrick. he died patrick died three years , ago when he and 19 friends from the amsterdam, new york, area were celebrating a birthday and they were killed in a limo crash. as the president deeply understands, that is a loss no parent should endure. it was horrific. preventable tragedy. stemming from outdated federal loopholes that allows dangerous limos to operate on the roads unchecked. in the face of a loss, rather than curse the darkness, kevin and the families impacted that day lit a candle. every day since that accident they have pushed every single senator to support changes in our laws to make these vehicles safer to ride in. today, their perseverance has paid off. kevin, my friend, it was an honor to fig

from technology. >> the nasdaq is about to turn positive is down four-point into a 300-point swing but the nasdaq was down 158-point, clearly the market love this trade. >> is better for cyclical stocks than for the nasdaq stocks, you seem rates rise and that should help the value sectors more than the tech companies, why are tech deputies honorable to higher rates, if the earnings go to decades and decades into the future that's what you're buying. the higher the interest rates the lesson future earnings are worth. if you value stock 12 times earnings, that is not affected by rates so much. cyclical stocks added to better in this environment rather than the more expensive tech stocks. liz: it is true, wall street is breathing a sigh of relief. liz: the dow is that session highs, 313 session height gain of 320. >> is that a very good job is very empathetic and aggressive in dealing with a pandemic, he's been very clear where monetary policy is. liz: has it stopped inflation? no i think it's by combination of the pandemic in a very aggressive fiscal stance policy response for the trump

we want to make sure we are well-positioned. that is not without risk. money laundering, terrorist financing of the obvious ones because we know a lot of illicit financing takes place through bitcoin. no ransomware proceeds intermediated through -- ransomware proceeds are intermediated through the bitcoin market. investing in cryptocurrency is not something for retail investors. >> do you think singapore is preoccupied with those risks? here you have a central bank that is providing licenses to some crypto companies, but banks are unwilling to service these crypto companies. why do you think that is? what would it take for us to legitimize crypto assets before they jump onto the bandwagon? ravi: we try to bring the parties together and explain to them, look, you've got to behave more like a normal customer of the bank. the bank does have requirements that upon's to know, and you need to be able to provide. if they can provide that information and be transparent, you should treat them like other customers. we are brokering some of these conversations but

there's a nonlinearity to all this stuff that tends to not be acknowledged when we posit some kind of inexorable new cold war on technology. >> let me follow up on the previous question by taking you back to your connectivity written pre-pandemic. and in many ways new you anticipated the kind of world where dealing with now where we just are into this world of virtual connectivity including today's profession about a book which normally would have been a pleasant chat among a bunch of us in northwest washington politics and prose bookstore. and has now turned into something were obviously i'm speaking to you from washington and you're in singapore now and i don't know where our listeners are. and you also talk about in the previous book about supply chain infrastructure. that was going to be we do have a supply chain for going on and a lot of debateabout that . talk about ways in which you anticipated where we are today and where you didn't anticipate where we are today ? >> there's two elements, one is the infrastructure and geography of supply chains and competition to be either the

and supportive for consumer, technological and decarbonization themes. >> thank you for joining us. >> thank you. >>> before we let you go, jason, you have a final trade idea for us underperformer i would say lately. >> yeah. so i really like paypal here a great covid winner why the partnership with amazon is a big deal the payment industry is still intact their volumes up 26% venmo up 36% a strong quarter the guidance was light stay long paypal i like the name here. >> jason, thank you so much for joining us. >> good to see you. >>> we are just getting started on the second hour of "closing bell." rivian shares up nearly 90% and tesla shares lower as wath damodaran on the stocks. >> qualltrics announcing a partnership and he will discuss in an interview. we are back in a couple. reducing our carbon emissions to net zero may be our biggest challenge yet. there's no single action that will lead us to carbon neutrality. but there is a single source of essential sustainability intelligence. s&p global sustainable1. uncover risk scenarios, reveal transition pathways, and optimize your n

. >> i think surveillance can be a positive for both sides on that issue. i mean, it's for the victim and for the sheriff as well. so i would be in favor of that. yes. >> chairman: okay. are there any questions from committee members? seeing none. is there any public comment on this item? mr. clerk. >> supervisor chan: chair peskin, we're calling all three items together, right? >> chairman: yes. good point, supervisor chan. we will hold public comment until we hear from all three, so why don't we go on to the next nominee. ms. soo, good morning. mr. clerk, is ms. soo with us? >> clerk: i'm checking right now. i will check on her if you want to move on. >> chairman: good morning. d.j. >> good morning chair peskin and vice chair mandelman. the last chance i got to see and everything that he's doing. but i also want to say, thank you to the mayor for having faith in my leadership and time on the police commission: i've been in the city and county for the last eleven years. i have been a public servant. i am the executive director of young community developers

got me here. >> reporter: here is career success, his highly sought after position at a growing company. here is nathan's personal success, his son oliver and wife desiree. >> so fun and inspiring to watch him. he is definitely a go getter. >> reporter: they met 12 years ago during senior year in high school and for nathan, it was love at t >> she caught my eye. at that time i thought i was super fly. so i went and kind of introduced myself. >> reporter: nathan's personality when we met, he is very curious and does best making connections with people. >> reporter: for desiree meeting nathan meant instant connection to a young man who has been through a lot. back then the 18-year-old was living with friends, working to support himself. his parents were in and out of his life. >> it was hard times for me to figure it out. >> reporter: with desiree on his side nathan was on his own but not alone. >> a lot of people supported me. >> reporter: her commitment brought support. her mom and dad welcomed nathan into their family. >> think mom has been there, both of my parents, but my mom, i reme

growth using digital technologies that i think will be important for a company like sats. yvonne: as you get ready for these presumptions of flights, how do you have your staff ready? how will you make this a smooth transition to make up for the surge in demand we might be seeing when it comes to flights? how do you make sure your stuff is ready?--staff is ready? kerry: during the pandemic we made a conscious decision to maintain our capabilities as a hub operator. we have a lot of nontravel business. we were able to deploy them to other segments of our business and crosstrained them. we saw this capabilities. we will be working with government agencies to bring more staff for training and one of our plans is to train a lot of new staff ahead of the demand. in singapore, it is important for us to continue to do that. yvonne: kerry mok, sats president and ceo joining us from singapore. a wave of covid infections beginning to take hold in the united states, even with high vaccination rates. we asked dr. chris bayer, an epidemiologist at the johns hopkins bloomberg school of