tv Bloomberg Technology Bloomberg March 9, 2021 11:00pm-12:00am EST
get it and get it now. your body will thank you. (announcer) find out more at aerotrainer.com. that's aerotrainer.com. emily: i'm emily chang in san francisco and this is "bloomberg technology." nasdaq roars back. a day after falling more than 10% from a record, it mounts a rebound. tesla has the biggest gain in over a year. gamestop climbing as much as 27%. we have you covered on a huge day for the markets. speaking of tesla, hackers
attack tesla's security cameras and video footage of u.s. prisons. this after chinese hackers go after microsoft's business email software in a hack bigger than solar wind. we talked to a security expert about the damage and what needs to happen next. the race to hit the pavement. amazon says it will roll out a pickup, suv, and a van this year. a daunting production pledge and quite literally the need for speed. all those stories in a moment, but first, hope rings eternal, nasdaq seeing a massive rally. ed ludlow has the latest. a big rebound today. for those terrified this is going to be a long-term correction. >> how quickly things change. full risk on mode. technology stocks really at the heart of that. up 4.4%, best day since november 4. that was my birthday.
the bank plus in -- index up 6%. the philadelphia semiconductor index up 6%. both of those indices having their best day since april. in terms of some of the specific movers, it is the names that have been under pressure, the likes of tesla, which had its best day in more than a year. lots of catalyst behind tesla. wall street analysts raising targets. also riding the wave of cryptocurrency. hackers have managed to get hold of live surveillance footage, able to do that through a third party. it was monitoring, storing the live feeds. there does not seem to be any aftermarket reaction in terms of the share price but that is one to watch going forward. and apple and microsoft, stocks have been under pressure as yields have been rising. if we put the nasdaq 500 side to
size with the index, we raise the question of whether this is really a surprise. if you look at the action of recent days and weeks, the s&p -- nasdaq 100 was off from its record. the philadelphia semiconductor index was 15% from the record. when we see pullbacks, we see buying. that has been a common theme. look at this chart. even though we had this rebound today, tech stocks are still sensitive to bond yields. they are most sensitive since 2016. a lot of the concern is about the stretch valuations that came as a result of the outsized earnings growth of the most recent quarter. i want to touch on cathie wood. 24 hours ago on the show, on the back of her and ark's worst run. today come up 10%. emily: a wild day and also a big comeback in the crypto markets
as well. bitcoin above $54,000. what is driving that? or is it just happening in parallel with broader market trends? >> bitcoin up near record. support largely coming from the risk on sentiment in the market. there were some notes, data is doing the rounds online. it is a very popular asset class from twitter users and reddit users alike about how many insurers are getting into bitcoin. giving it some institutional backing. also, technical analysis, a report out saying that they see bitcoin headed toward $75,000 based on technical analysis. if we look at the cryptocurrency alongside ether, the second-biggest cryptocurrency, we have been so focused on being near those record levels. if you go back just to november, look at the run up. this is the longer-term story. there has been such a dramatic
increase in the price of both. focusing day to day, such huge swings in the price. it is really about looking at the longer-term drivers. emily: thanks so much for that. much to continue to follow. i want to hit on gamestop today. another winning streak. shares of the videogame chain rising 96% over the last five days. activist investor ryan cohen is continuing to shape up operations. he will lead a committee focused on digital transformation. for more, i want to bring in bloomberg's katie grayfield. a lot of investor optimism, but a lot of retail interest. would you see a move like that if it was just some normal activist investor coming in trying to shake things up? katie: i don't think you would. gamestop has had such a week, up 80% already.
taking markets by surprise. we did have fundamental news behind this move, at least with ryan cohen being tapped to leave the company's e-commerce revival. as analysts have pointed out, that was expected. it probably does not explain why we have had such a big rally this week. it is probably premature. even if you do expect gamestop to successfully do that. craig burke said today that transformations take time. it is not a sure bet that gamestop will pull this off. given the enthusiasm we have seen behind the stock, it probably points to this is really retail driving this move. emily: let's talk about that. i spoke to cathie wood of ark invest yesterday. i asked her about the retail investor frenzy, the shift in power we are seeing from institutions to individual investors. take a listen to what she had to say. cathie: the retail investor has
seen the future really before institutional investors because post tech and telecom crash, post 2008-2009, institutions have been forced to track their benchmarks more closely, or they have chosen to. we think that is longer-term a losing proposition. it is very backward looking. we have found some of our strongest holders to be retail investors because they are keeping their eye on the prize. they know the world is changing. they are part of making the change. emily: she is talking about retail investors holding in ark etf. that comment got a lot of engagement on social media, probably from some of the folks who are retail investing at this very moment. talk to us about what the continued push into gamestop actually means given that they don't seem to be losing their momentum.
katie: cathie is right that the retail investor has been a big fan of her fund and they have really held in there. ark has admittedly seen outflows in the past couple of weeks but there are really sticky inflows in there because she is so popular among this reddit crowd. in terms of what gamestop means for the market, it shows that retail traders are here to stay. after the mania at the end of january, february, a lot of people in the market were happy to write that off that, that was weird but at least it was a one off. this week, some of the action and some of the penny stocks, it shows that the retail trader is hanging in there, holding through the dip, and they are expected to be shaken out at the first sign of trouble but really that has not happened.
emily: cathie wood said in that interview, she is still buying the tesla dip. what is your sense of whether we are seeing the beginning of a long-term correction or the past few days and weeks are just a blip in a tech market that will continue to go up? katie: it depends on your timeline. if you look six months in the future, the economy is open again, inflation maybe is taking up. some of the stay home, peloton, docusign. it makes sense we could see some of the amazing gains they have seen coming out of those stocks. if you think about apple and amazon, those type of names, they will continue to make money in any type of economic cycle probably. but in terms of the short-term and tech rebound we are seeing, the text selloff got really overstretched.
the nasdaq fell into a 100 correction yesterday. looking at it relative to the s&p 500 index, the nasdaq was the most oversold in three decades. it depends upon your time frames. if you are looking in the long term, maybe the tech move. if you are looking in the short-term, things are pretty oversold at this point. emily: all right, bloomberg's eifeld -- katie greinfeld. thanks so much. meantime, some breaking news. roadblock has priced shares for its direct listing, which is happening tomorrow. roadblock of of gaming company which gives a lot of power to gaming creators, pricing shares at $45 apiece. we will be covering roadblock's direct listing tomorrow. stay tuned for our interview with the ceo and 10:45 a.m. eastern time. coming up, the bitcoin rally
>> we did talk about the crypto decision, the decision to shift some cash into crypto. we were fully supportive of that. any company on the right side of change should diversify in that way. emily: ark invest ceo cathie wood speaking with us about supporting elon musk decision to pour cash into bitcoin. this as bitcoin rallies to a
two-week high as the risk on sentiment returns. following more selloffs in more speculative corners of the financial market. a digital asset that sees more endorsements from institutions. writing that wave of bitcoin demand is cipher mining, a newly formed bitcoin mining firm that is going public via spac. it will give the company a value of $2 billion. cipher mining ceo tyler page joins us now. why a spac and why now? tyler: as we continue with the news across the space, there is increasing adoption of the bitcoin network. that is from everyone that are actually large institutional investors, institutional service providers. there is a lot of news going on in the space. and rapidly increasing adoption. with that, we think the infrastructure that underpins the network also needs to become more robust and more institutionalized.
we are a large-scale bitcoin minor. we are coming public via spac because it allows to move quickly and take advantage of the marketplace. emily: your parent company, bitfury, since 2007, you have -- since its inception in 2011, you have mined 600,000 bitcoin. how many more are you planning and talk about the scale of demand? tyler: we have a plan for cipher specifically to build out our facilities to be mining over 21,000 bitcoin per annum in 2025. we begin mining this year and scale up year-over-year as we go. one of the great advantages we have is partnering with bitfury, our parent. there is really no one with more experience in the space. having set up seven data centers around the globe, had them operating, and mining over 600,000 bitcoin. it speaks to their experience of
deploying, operating bitcoin mining centers. we are doing it at a large-scale and have unique advantages partnering with them on the equipment side. emily: part of why people think bitcoin is valuable is because of the fixed number of points that can be mined. people say that is a long way off but it could come sooner than we think. if companies like you keep moving quickly. what happens when we run out of the 21 million, or could that number rise? tyler: the number is not going to rise. it is fixed in the software. we do have some time to get to the last one. we have over 100 years. most of them will be mined in the next 20 years. keep in mind, we are not going to speed up that schedule. as you see increasing adoption, we anticipate that will drive the price higher. we think transaction fees, fees
-- are also a piece of revenue that we will be collecting as part of the vital infrastructure that helps it grow. today, the estimates are that there are about 100 million users of the bitcoin network. we believe that could grow in the coming years and that will drive the price up. you want the network to be robust. emily: let's talk about the price. mike nova gretz thinks the price will get to $50,000 and beyond. another ceo i was speaking with thinks it will go to infinity, mars, and beyond. but give me a number. tyler: i saw that, that was great. it is hard to predict the short-term path of prices. i do think over time, everyone involved in cipher believes over time the price will go up. it can be volatile in the short-term but if you see
continued network adoption, you will see price appreciation over the long-term. the great thing about our business model is we are the classic picks and shovels business. the price of bitcoin can drop quite a bit. and we can still provide a very profit of company. we really provide the infrastructure that makes it work. we have the lowest cost of power -- or we are at the low end of the global cost curve and that enables us to be volatile and withstand volatility in the price. emily: i miss bo he thinks it will get to $100,000 by the end of the year, $500,000 beyond that. your focus is bitcoin. what is your thought on dogecoin and some of these alt coins? he told me he thinks doge is a joke. tyler: i think mike is a very sharp guy. our focus is on bitcoin mining. that is the only coin in our current plans to support from a mining perspective. there are many interesting things going on in the crypto space and often very fun to read
about or invest in at small scale personally. our focus from a business perspective is bitcoin. it is a uniquely, natively digital store of value and value transmission network that is open source. it is extremely robust and has the potential to disrupt a lot in financial services. we are big bulls in the long-term. i will not give a specific price target, but up. emily: one of the biggest risks to your businesses, obviously, there are many things unproven, there is regulation to come. what do you think the biggest headwinds are? tyler: i think they are related to the ecosystem overall. i have seen folks speculate about the bitcoin price, that one thing we know for sure is the terminal value of bitcoin is not where it is today because there are still risks and questions about adoption. like any network adoption story, those risks are reflected in the price day-to-day.
they are discounting a future where perhaps there are millions of users and perhaps there are not. we do have a lot of resilience against the drop of price in bitcoin but if it goes away, that is a risk for our business. emily: all right, we will keep following. cipher mining ceo tyler page, thank you for stopping by. coming up, biontech could have capacity to make 3 billion doses of the covid-19 vaccine next year. we'll hear from the ceo next. this is bloomberg. ♪
spoke with the ceo of biontech about the company's ability to boost production. ugur: in principle, this could be possible. we are evaluating it. but it also depends. the question now, a number of additional vaccine companies coming into the market. our key question is, how much are required and where is the need to deliver? this is something we are evaluating at the moment. matt: what about the possibility of forging new partnerships? i know you've already worked with a bunch of other smart companies. are you in talks with others to produce the vaccine in higher quantities and more places? ugur: we are. we still have some undisclosed negotiations ongoing.
but we have managed to establish a network with 13 partners. partners producing for us raw materials like lipids, and partners who are helping us producing drug product. and also, baxter or novartis. this is a production network and of course a production network includes biontech production sites including the sites that will come in in april. as well as the production site of pfizer in europe. matt: are you confident that you will be able to produce enough
vaccines this year and next year with all of your partners to vaccinate everyone in the world. does that look like an attainable goal to you at least in terms of quantities by the end of 2022? ugur: that must be the goal of all vaccine suppliers. we need to ensure that everyone who needs a vaccine and once a vaccine receives a vaccine. i am pretty confident that we will be able to reach -- provide vaccines in europe, in the united states, and ensure that everyone who requires a vaccine gets a vaccine by the end of the summer. of course, this is based on that we are not running into multiple production problems.
i am also confident that within 2022, we can have sufficient vaccine doses to ensure vaccinations. matt: what are your plans for production next year? 2 billion doses by the end of 21. what about by the end of 2022? ugur: we could further increase our manufacturing capacity. i don't see an indication why we should not be able to produce 3 billion doses in 2022. it depends on the demand, it depends on tech costs. additional vaccinations required. it will depend on the potential changes in the strains. we are prepared to increase our manufacturing capacity but we need to get additional
emily: welcome back to "bloomberg technology," i'm emily chang. a group of hackers say they have breached a massive trove of security camera data collected by a silicon valley startup. they accessed a live feed of 100 -- 160,000 cameras inside hospitals, prisons, and schools around the world. even inside tesla. for the latest, let's bring in who broke the story. william, what happened? >> hackers breached this company
in the worst way imaginable. they were able to access the administrative credentials available publicly on the internet, and gain access to the camera feeds and archived video of all of their customers, which includes tesla, cloud player, schools, hospitals, jails. emily: who are these hackers and why did they do this? >> it is a hacking collective that is international. we spoke to one of those hackers on the record who has an anti-capitalists, anti-surveillance worldview. he also said it is too much fun not to do these sorts of hacks. they did this in order to raise awareness on the ubiquity of surveillance and how bad the security is. emily: are they planning to do anything with this footage? are they planning to use this to
inflict some kind of greater damage? william: no, i don't think so. these people are trying to blow the whistle on what they see as surveillance capitalism and what see as a thirst for profit instead of caring about customers and people who going in front of their security cameras. they are not the kind of hackers that are looking to destroy data or hold the company for ransom. emily: what are they saying? william: not much. they are saying that they are investigating it, that's about it. you start to wonder, when you're looking at the scale and how easy it was to get inside, this what the fallout will be. this company raised tens of millions of dollars and was
valued at almost $2 billion. what will their customers say? what will the u.s. government say? will there be an investigation? that is the next question out -- that is the next sort of question, i would assume. emily: obviously tesla is the most high-profile name. when you think about hospitals and jails, and other organizations across the country that may not be as well fortified, what are the possible consequences of this kind of vulnerability? william: you hit on one of the worst parts of it. it is not because the hospitals or the jails had bad security, it is the company that sold them the cameras had a feature in which somebody could get inside and look at the live views of customers and all of the clips they had archived.
with hospitals, there are considerations, certain privacy laws. we will have to see what actually happens with that. the sheer amount of surveillance video that was exposed by this hack is staggering. emily: all right, william, we will continue to follow the fallout from that story. a great scoop, you can read more on bloomberg.com. meantime, turning to another global hack attack revealed last week which puts the u.s. in a very vulnerable position. china's global attack on microsoft's popular email software has claimed 60,000 victims, this just three months after an equally sprawling russian attack which impacted at least 18,000 customers of solarwinds. including key government agencies. hackers are racing to infect as many victims as possible in this
breach before customers can secure computer systems. i want to bring in kiersten todd, who served in the obama administration. tell us more about the latest hack, despite the fact it is bigger. kiersten: thank having me on. preliminarily, what we know and what we speculate is that the chinese hacker group and the state-sponsored hacker group exposed the vulnerability in microsoft exchange. in doing so, they have breached, early reports are saying over 30,000 small and medium-size businesses as well as states and local governments in the united states. different from solarwinds, we are also seeing an impact right now of over 230,000 businesses worldwide. emily: so talk to us about -- is it microsoft at fault here? in terms of not being ready for this?
where do you think the problem lies? kiersten: what we are seeing is a real vulnerabilities in software across all technologies. this was the issue with solarwinds, it was the story that william just broke with surveillance cameras. we are understanding, specifically what happened with microsoft exchange. the important piece is you are starting to see that you have a government looking at this issue, last week the biden administration announced they will look at software security standards, which means all the software that goes into technology, whether it is critical infrastructure or not, that will have a certain level of security standards. because, the challenge we have right now is that security is not prioritized over regular -- revenue or profit. it seems it is an opportunity for governments to work within industries to change that. emily: even for companies like microsoft, which certainly projects that they care deeply about cyber vulnerabilities?
kiersten: it absolutely does, they are a leader in security, they have shown how they prioritize it. they testified in front of congress the last two weeks and made important statements about the work they have been doing. the challenge across the board is software has vulnerability, if we leave it to industry, the challenge is that industry, private sector, this is the only space in cyber where we ask these companies to defend themselves. government has to play a role in helping these companies. the landscape is huge. industry cannot protect itself by itself. what this is calling us to do is to bring together government industry to be much more forward leaning in the sharing of information, actionable intelligence, nationstate activity. so that governments can work to prevent these attacks. we cannot ask companies to do it themselves. emily: what do you think these chinese hackers are going for here? what kind of damage, if they're
just trying to make a point, i assume that these chinese hackers might actually want to do something with the information they have now obtained. kiersten: so the breach right now seems like it is probably an act of hacktivism. just making a point. we know, emily, you and i have talked about this particularly in the last six or seven months. china is aggregating data. they are collecting massive amounts of data. identifiable information, health care, the big question is to what end? we know they are looking to collect it for various reasons but we don't know what those reasons are, which is why we have to be hypervigilant and have industry and government work together to make our infrastructure stronger. not just critical. we have to be securing our software across the board. emily: for solarwinds -- first,
solarwinds from russia, then this microsoft hack from china. is the rest of the world beating the united states in cyberspace? kiersten: we would be naive to think this is not happening to other countries. when it comes to prevention and response, this is not a competition among allies or like-minded economic powers. this is a call to action for the united states to work with its international partners to come together and understand what are these norms for the standards and regulations to be more secure. cybersecurity does recognize -- cybersecurity does not recognize geographic boundaries. policy should be more collaborative. that is something biden has prioritized. a good news story in all of this is that you have a national security advisor tweeting about cybersecurity. talking about the urgency. these events urge all of us in the united states and on the world stage to come together because, as we have seen before,
whatever happens to one partner will likely happen to another. we are not looking for that to happen, we are looking to prevent this from happening again. emily: kiersten todt of the cyber readiness institute, thanks for explaining and breaking that down for us. coming up, the global chip shortage is hitting industries hard. countries ramping up plans to tackle in. we will get perspective from the founder of jp two ventures, the former ceo of sicko. -- cisco. you don't want to miss that. this is bloomberg. ♪
>> we are going to defend the firm vigorously because we disagree with the fundamental premise. the facts will come out, it will bear out that robinhood is a customer focused company that is operating with the highest standards of integrity and will continue to do so. emily: robinhood ceo vlad 10 of their, he is my special guest on the latest addition of bloomberg 1.0. fresh off the gamestop frenzy and subsequent congressional hearings, he spoke with me about the company's mission, it's response to criticism, his background, where he comes from and more. you can catch that wednesday, 1:00, 5:30 and 9:30. all eastern time. right here on bloomberg television. meantime, the eu is pledging to
manufacture 20% of the worlds chips by 2030, an ambitious goal to reduce reliance on foreign companies. this as supply chain bottlenecks have increased demand and caused shortages around the world. joining me on to discuss, john chambers, founder and ceo of jc to ventures. in former ceo of cisco. thank you for joining us, i want to start with this chip shortage because, obviously, you spent so many years at cisco, putting chips internetworks that are now powering technology all around the world. especially as we work from home. how big of a deal you think this chip shortage is? and how damaging could it be? john: i think it is a big deal, i think there will be a fair amount of damage with it. what i am seeing and talking to the suppliers and the customers is it is a cycle that will go into the next calendar year. so, it is a year-long in terms of the challenges and, remember,
all it takes is one chip to prevent you from manufacturing an automobile or shipping a computer. it also speaks to our supply chain not working effectively in this new market. we still use the same supply chain capabilities of 10 and 20 years ago. i think you will see innovation more in real time with new supply chain players and i have some of those in my portfolio, cloud leaf being the best example. but i think it will be a challenge to answer your question, for the foreseeable future in this calendar year. emily: let's talk about your portfolio. you have been investing, you're enjoying the board of quantum metrics. i am curious what stuck with you in terms of where you believe where the future of technology is going? john: you ask the questions in the right ways, it's great to be on your show again. when i picked a company, i look for a company that has a business model change enabled by
new technology. digitization, every company in the world is going to go digital, and everyone is going to use the internet of things capability digitization to interface with employees and customers differently. as companies do that, they do not have a good feel for the digitization efforts being affected. are there customers satisfied with the capabilities they just provided to them? what quantum metrics does so well is they show customers how to use digitalization in a way to get desired outcomes. you talk about an example with covid and the vaccine shots. i just got my second shot yesterday. first time i have ever liked being called a senior in my life. i will lose that vocabulary in a moment. in the line, i was watching the various seniors go through and most of them have trouble using their phone effectively to preregister. about half of them when i asked
them said my kids did it for me, in terms of the interface. as a company that cares about your brand, if they were coming into a retail store and they were struggling with trying to find something in the store that would cause them not to come back, the retailer would have a problem. in the digital world, we do not know if people are having trouble entering it online, trying to get information. what quantum metrics does so well is show you what is working or not working in this new world. they are a unicorn, the first one in 2021, they were the first one this year also to do it on series b investments which means watching for the future. they will be a hot stock in the future. only about 12 to 15 companies per year achieve a unicorn status on a series b investment round. they have a super ceo. emily: let's talk about stocks then, john. i can't wait to hear your take
on what is going on in the public markets. are we seeing what you believe is the beginning of a longer-term correction in tech? or, is it just a blip in tech markets are going to keep coming up before the end of the year? john: it is important to know, some of the things you ask me i am an expert on but the stock markets, i have seen five major economic changes, upturns and downturns. your last year in february, i got caught a pessimist for the first time in my life on one of your peer networks when i said we are headed for a real problem , and this is beyond an issue with the pandemic. of course, it turned out to be pretty accurate. i said it would last three to five quarters. that looks like what it is going to be. most likely scenario i hear from top banks and investment players in industry and my vc counterparts is the second half of this year will be stronger
economically, probably well in excess of 6% in the u.s. you will see asia follow, europe follow, the money supply last year was up 25%. it is already up 12% this year. the best i have ever seen government respond with fiscal stimulus and the central bank actions, there is a lot of money out there. with the covid release bill coming in, i think you are going to see a good economy the next six months plus. to answer your question on stocks, as long as the interest rates don't come up much, they will be fine this year. it is entirely under the governments control not to overspend. but, if i were betting, i would bet big time on the euro. emily: you say you're not an expert but you certainly have a lot to say there and i am sure a lot of people value that opinion. thanks, john, for sharing that with us. we will have to have you back
when we have a little more time. john chambers. still ahead, the ev startup rivian races to get ahead of trucks from rivals like gm or tesla. seeking three vehicle debuts in a row. we have the details, next. plus, roadblock pricing at $45 a share of its public debut. catch my conversation wednesday at 10:30 a.m. in new york. this is bloomberg. ♪
ed: according to sources, they hope to build 40,000 units in its first 12 months. what they have done in building out that former mitsubishi factory is install 300,000 units. what is astonishing, it is not just one car they want to launch in 2021. it is three. a truck in june, suv in august and the amazon delivery van in november. there is excitement about the company. they are, on paper, going to deliver this factory electric pickup before tesla and gm. if you think back to tesla and when it launched the model three in 2017, and only delivered around 1500 units by the end of that year. and the rest is history. elon musk has talked repeatedly about the production hell he went through in 2018. that is the story. the ambitious plan, and the sense they are not just going to the launch, they are going beyond that and hoping to get a lot of models out there in the
real world in a short space of time. emily: tell us why rivian is such an anticipated name in electric cars? bill gates points out that there is an electric car for every carmaker that goes with every letter in the alphabet. ed: it is all around this spac driven frenzy with ev companies coming to public markets. not many have a real product yet. on paper, they will be the next to bring the car to american roads, where you can get behind the wheel. they have raised a ton of money, more than $8 billion for some big-name investors, including amazon and ford. what was interesting is we learned, according to sources, that amazon actually helped them during covid by getting them ppe supplies, supplies to deal with covid. getting the factory back up and running. they are getting help from a subsidiary of ford, also an investor, to get their metal stands up and running.
there is a lot of excitement, because they are going on paper to do it, the one thing, but also because that vehicle, a factory electric pickup and suv, is more in line with what americans like to drive. most new vehicles today are in the light truck category, a bigger car. if you look at what is out there, you can go and drive, it is the smaller vehicles, like the sedans that tesla makes. that is part of the excitement. emily: quick, what is next? ed: they have to pull it off. sources are telling us they are insulated from the semiconductor shortage, currently running preproduction prototypes at high volume through a super high-tech pilot line, not even the main assembly line. a special line they set up to test everything is actually working, and they go through the assembly line starting in june. on paper, they can do it. i am hearing from sources, they're taking an ultra-cautious approach, former tesla engineers who learned from that 2018 experience. there is optimism they will pull it off.
emily: bloomberg's ed ludlow, thanks so much for joining us. that does it for this edition of "bloomberg technology." we've a lot of big interviews coming up. next week is our bloomberg quality summit, starting march 16 we will have conversations about race, gender, diversity. i will be speaking to melinda gates, cochair of the bill and melinda gates foundation. also to finish out today, tech giants roaring back in a big way on the nasdaq bounce. meme stocks like gamestop, all the rage. gamestop, blackberry, amc all there. we we watching them. this is bloomberg. ♪
>> the following is a paid presentation brought to you by rare collectibles tv. >> over two centuries ago, the coinage act of 1792 was signed, officially declaring the dollar as the
united states of america standard unit of money. two years later, on october 15, 1794, the first american silver dollar was struck. since that day, the silver