the player firing back, i have never gambled/bet on hockey, never gambled/bet on a sharks game, never gambled/bet on any of my games and never thrown a hockey game. >> pete rose takes another big step for baseball immortality. >> reporter: the allegations drawing comparisons to pete rose, who was banned from major league baseball for life, after betting on games. >> punishments are very severe. they can range from the cancellation of a player's contract to indefinite suspension. >> reporter: evander kane says the two are in the process of getting a divorce and this isn't the first time his gambling is in the headlines. in january, he filed for bankruptcy, claiming to have $1.5 million in gambling losses in the last year. he was also sued in 2019 by a las vegas casino for allegedly failing to repay a gambling debt of $500,000. the sharks' forward is just three seasons into his seven-year, $49 million contract. the nhl says they are aware of the allegations made by kane's wife. and they plan to conduct a full investigation. andrew? mona? >> all right, thank you. >> these are serious all

do all breaks net out as lower prices, no, but that's the bet that i think you make. the second chart, where might lowe's go? there's support at the 180 level, the stock is 190 right now. so put the last two charts together, final chart, this shows the break in trend and it shows where support comes into play at 180 we closed at 190, we think you have a clear ten point down move ahead, likely in response to an earnings report that is light or in some way disappointing. >> yeah, look at that chart there, okay, so mike, i mean, it really hasn't done a whole lot in about a year's time how, if at all, are you trading lows right now >> yeah, so, you know, it's interesting, we're talking about the price action on the stock versus the fundamentals of the stock. on the fundamentals side they've done quite lot, actually if you take a look at full year eps for fiscal year 2019, we were looking at a company that was making about $5.76 a share full year 2020 last year, during the pandemic, they grew that eps by approximately 60% and right now the street's expecting full-year aps

do all breaks net out as lower prices, no, but that's the bet that i think you make. the second chart, where might lowe's go? there's support at the 180 level, the stock is 190 right now. so put the last two charts together, final chart, this shows the break in trend and it shows where support comes into play at 180 we closed at 190, we think you have a clear ten-point down move ahead, likely in response to an earnings report that is light or in some way disappointing. >> yeah, look at that chart there, okay, so, mike, i mean, it really hasn't done a whole lot in about a year's time how, if at all, are you trading lowe's right now >> yeah, so, you know, it's interesting, we're talking about the price action on the stock versus the fundamentals of the stock because on the fundamentals side they've done quite lot, actually. if you take a look at full year eps for fiscal year 2019, we were looking at a company that was making about $5.76 a share full year 2020 last year, during the pandemic, they grew that eps by approximately 60% and right now the street's expecting ful

and i think this is where sports betting is go. it is about the pov to digital and legalization i think over the next few years he'll have legalized sports betting so these are really important trends and i feel like we're in the early innings of the major partnerships and people consume sports through this betting i think it is aligned with their partnership with barstool and they beat on top and bottom line and they're also 50% off of an all-time high. think the 136 price wasn't justified but here at 25 times times forward, i think there is upside. >> bono, i never thought about data as being so important to these types of apps but it makes total sense. >> you make a good point i love the draft kings move. i think penn is doing tremendous things as well but this draft kings move, data is at the heart of everything that we do now whether it be sports, or whether it be marketing, optimization, you are looking under the hood to see how the data is effecting, how with re targeting things i can't say anything out loud without seeing i

the betting and gaming council told us... "promotions are an issue for individual operators," but added, "the industry is determined to protect people. and the rate of problem gamblers has remained stable for the past 20 years." free bets, they are not designed to give anyone anything, they are not designed to be free. they are enticing people to open accounts and, potentially, they cost lives. jayne mccubbin with that report. two people stabbed to death in westminster have been named by police who are hunting for a9—year—old lee peacock. sharon pickles was pronounced dead at a home on thursday evening and in the early hours of friday, clinton ashmore was found stabbed at a property nearby. police believe the murders are linked and that mr peacock knew the victims. the doctors' union the bma has written to the government to raise concerns about road safety caused by the backlog in dealing with medical assessments for driving licence applications. the union warns that people are by—passing queues at their local gps and g

the guy who made a boatload betting on the housing collapse now betting against the biggest fund guru in the business. she, in the last couple of hours , has hit back. the street fight that's unfold ing between michael burry and etf guru and tech extraordinaire expert, cathie wood. closing bell we've got it ring ing in 25 minute, still a lot of red on the screen but well off the worst points of the session here, we're coming right back. growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart and you will find inspiration anew. viking. exploring the world in comfort. we've got you taken care of, sgt. houston. thank you. that was fast! one call to usaa got her a tow, her claim paid... ...and even her grandpa's dog tags back. get a quote. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if

. >> you want to bet the whole family >> kevin, i'm a sure bet. >> there is no such thing as a sure bet. >> husbands and wives, tenants and landlords. what a waste of money. >> the drama is real the money is real. you are living the dream, my friend don't make it a nightmare. >> when you add lots of zeros to the fight, it becomes more contentious. >> bring your dispute to "money court. who wins who loses? i decide starts wednesday 10:00 eastern cnbc. >> get yours we're well beyond qualified for that. >> i cannot spend time here in an unprofitable business, knowing that i will never get paid. >> but you expect us to do it. >> all right? that is your choice. >> you're full of crap. all you do is talk. >> stop, stop. >> can't make money in this-- >> okay, well, then let's part our ways. i don't have a lot of business experience, but i've owned more businesses than you, and i can tell you, if the partners don't get along, it's not going anywhere. we have to be able to work together. >> i have lost faith. we need to change dramatically the business. >> how do we buy you out? what do you want

don't bet. bet on the other guys. okay? so, they can't keep their mouth shut. rumors of the fix start in august. in saratoga, rothstein tells a gambler the series is going to be fixed. he tells the former owner of the chicago cubs, a guy named charlie wheatman, about it. eventually, kaminsky, at the start of the season, is going to know about these rumors. he is going to get very agitated about it. the manager of the white sox is going to get very agitated about it. and after the series is over, there is a series of articles coming out about the rumored fix from a guy named hugh fullerton. and it's interesting that, when they come out, the sporting news, the bible of baseball. comes out and -- and really, there's a famous account or passage by them, which is incredibly anti-semitic. about a bunch of hook-nosed, thick-lipped gamblers, who are behind this. and -- and, you know, just because they do things, don't believe that anyone in our great game, our great-american game, played by americans, would ever stoop to this. well, they certainly stooped to it. kamins

one way you could either hedge if you're long this stock or take an outright bearish bet if you're so inclined, look out to october. i was looking at the 190 165 put spread now, the reason i was using a put spread here is because the implied volatility, that is the price of options on lows is actually relatively high compared to the realized volatility that put spread run i was looking at earlier today was round about $6 frequent viewers will know, but we might as well remind everybody, that oftentimes whe we're looking at debit spreads we're looking for payoffs in the neighborhoods of 3-1 or better so on a $25 wide put spread, spending about $6 makes that math work for us, and also notice that we're spending relatively small amount of the share price so $6 versus $190 share price, that's essentially the total risk you're taking in the event that lowe's finishes above that $190 strike price by october expiration but, of course, if it dips below that, before then, you could take your profits early as well. >> good stuff there. tony, your take on mike's trade on lowe's? >> yeah, so if y

and the sports betting deal. consequence are contessa has an exclusive interview >> hi, scott, penn shares risingen on the news it's acquiring score. i want to point out the shares of the score, skyrocketing up almost 80% on the news of the deal it's a canadian sports content powerhouse with me now jay snowden, ceo of pern national gaming and john levy ceo of score both with me at the same time good to see you both jay, you know, you had a great earnings call. nobody cares because everybody is talking about the deal now. coverage of the score is pretty thin but i want to point out the analysts covering it predicted expectations for 2022 revenue roughly 46 million u.s. dollars. this deal valued at $2 billion means you look at 43 times 2023 rove knew how do you extract return on the investment >> good to talk to you contessa. we're not valuing the score on 2022 anything. this is about the long-term what we're creating together. john levee and i have known each other years. we talked a couple years ago at g 2 e abou

betting big on draftkings. so is this a jackpot stock plus, tim is stepping up to the mound and getting ready the throw some heat for his fast pitch and this one could be a total home run investment. we've got that and a lot more when "fast money" returns. >>> shares of draftkings rallying today as cathie wood loads up buying another million shares during yesterday's session the stock now makes up more than 2.5% of the ark innovation etf, but that fund has been struggling of late check out the moves off 52-week highs for the fund's top holdings tesla, down 21%. roku down 28%. coinbase down. unity down from its recent highs. were any of these beaten down names worth a second look or maybe it's just not the right environment for an etf like cathie wood's? dan, what do you think >> well, it's the right environment because we're seeing all sort of flows into the really innovative tech we're seeing a lot of it in the private markets, too, and i think her time horizon from what i can understand from recent interviews

don't bet. bet on the other guys. okay? so, they can't keep their mouth shut. rumors of the fix start in august. in saratoga, rothstein tells a gambler from chicago named mont tenez the series is going to be fixed. he tells the former owner of the chicago cubs, a guy named charlie wheatman, about it. eventually comiskey at the start of the season, is going to know about these rumors. he is going to get very agitated about it. the manager of the white sox is going to get very agitated about it. and after the series is over, there is a series of articles coming out about the rumored fix from a guy named hugh fullerton. and it's interesting that, when they come out, the sporting news, the bible of baseball. comes out and -- and really, there's a famous account or passage by them, which is incredibly anti-semitic. about a bunch of hook-nosed, thick-lipped gamblers, who are behind this. and -- and, you know, just because they do things, don't believe that anyone in our great game, our great-american game, played by americans, would ever stoop to this. well, they cer

i bet you cannot wait _ and very talented group. i bet you cannot wait to _ and very talented group. i bet you cannot wait to see _ and very talented group. i bet you cannot wait to see his _ and very talented group. i bet you cannot wait to see his medal. - and very talented group. i bet you cannot wait to see his medal. we | cannot wait to see his medal. we will let you go and look forward to that reunion.— that reunion. thank you, from heathrow. _ that reunion. thank you, from heathrow, where _ that reunion. thank you, from heathrow, where the - that reunion. thank you, from heathrow, where the athletesj that reunion. thank you, from - heathrow, where the athletes are coming back and a number of boats debuted at the olympics, among them bmx. team gb took gold in the freestyle bmx, and because of that success, british cycling has just announced major new investment in the sport. i'm delighted to say i'm joined by the athlete who won that gold — charlotte worthington, who also became the first woman in history to land a 360—d

the bet expires in 2023. we will see who is right and if i'm right i'm going to -- >> wish you bet more than a nickel. >> but i'm going to -- >> probably wouldn't have bet more than that. >> what's that? >> he probably wouldn't have bet more than a nickel. >> i originally proposed we bet $1,000 to our favorite charity and he's generous and he said the way i got rich is not betting a lot of money. in the draper family they always bet a nickel so he said i'll bet you a nickel. all right. >> ante up. >> thanks. >>> instagram now testing ads in the shop tab. site tells tech crunch the ads will involve a single image or carousel and users can click and shop for items shown. only certain advertisers will have access but there are plans to expand the product into the future. the initial partners are fenty beauty, away and clear paint. >>> new debate will gyms go the way of blockbuster video stores. some say gyms are becoming a thing of the past. >> since the pandemic started about 900 fitness centers across the u.s.

matt: bank of america bets on a return to business travel, we will discuss the bet as it unveils a new credit card aimed at executive travelers. now a quick check of what is going on in the markets. as we said, stocks are down, and they fall further after we heard from richard verda, not only about his expectations for fed rate rises, but also about the jobs situation. we are waiting for the payrolls number, expected to be less than a million gains on friday morning. the s&p 500 is down one third of 1%. and the u.s. 10 year coming back, but still at a very low level. and the bluebird dollar index rising to 1141. nymex crude is down $2.32. a big drop for crude and across commodities, you also see drops in nickel, silver, as well as other precious metals. the u.s. treasury has set the stage for reduced government debt issuance in the coming months, even as it has kept its upcoming quarterly auction of long-term securities at a record size. with us is katie gry failed on this story. it is so fascinating, because even if the fed is talking about tapering, they are not tapering yet, and if

lemonade ceo, yeah, the big momentum stock of last year, is here, and the streamer of sports making a big bet on sports gambling. what the fubo tv ceo has up his sleep that could mean big bucks in the quarters ahead, plus we are about to get an update from the pentagon on the scary situation in afghanistan developing right now as , of course it is nighttime at the moment there. we're going to tell you what the secretary of defense has to say in his first briefing, since the taliban takeover, but we've got to begin with this breaking news as we kickoff the final hour of trade. the markets are, let us say, expressing their displeasure after the minutes from the federal reserve's july 28 policy meeting revealed the talk about tapering could possibly make it a reality by the end of the year. so look at the intraday picture of the dow 30, right before the minutes released you can see the dow, which right before, had dropped about 46 points and then, went much further down about 141-plus we're down 131 at the moment. the s&p actually the low of the session was 188. okay, 188, so we are now down abo

i never gambled/bet on a sharks game or on hockey, never gambled/slash bet on my games. >> onfebl in the league will be suspended during the investigation. >>> new at 11:00, new for the first time oakland police are releasing a clue in a cold case murder. five years ago today 18-year- old jordan holmes was shot in east oakland. the police are sharing a picture of a car they think was involved in the shooting. a 2011 black acura mdx. a reward is offered for information leading to an arrest. >>> on august 1st, 2016, the teenager was shot while sitting in the front passenger seat of a car. in a video posted by the police, his mother says she does not want her son to just be another oakland homicide. we are learning san francisco elementary school principal has died after being injured on a camping trip. he was principal of new traditions elementary school. he sustained a serious head injury while camping. he spent over a week in intensive care before he died on thursday. a go fund mow page to help his family raised more than $83,000. he leaves behind a wife and five children. >>> san jo

i have never game balanced/bet on a sharks game, never gambled/bet on hockey, never gambled/bet on nhl. >>> update on the helicopter that came crashing down in calusa, four people inside all killed. the latest on the investigation. >> reporter: investigators have spent the day interviewing people who may have seen the helicopter go down. i spoke to the owner of the property where this crash happened. he says he didn't hear anything. >> helicopter crash is in a field east of highway 45. >> reporter: in a state of shock hoping the owner of a helicopter that crashed in his tomato field wasn't on board. >> if it is the individual i think it is, he was a couple years behind me in school. a nice man. very nice man. i am in shock basically. this is a small community. >> reporter: he was working on his ranch across the road. >> mind boggling. i didn't hear, see anything. >> cal fire reporting a helicopter crash highway 45 at reservation road. >> from what i understand once it went down, there was no, i couldn't have rendered aid to anybody. >> reporter: investigators say the crash happndno. we

he said i have never gambled or bet on hockey. never gamble to bet on the sharks game. never gambled or bet on any of my games and never for on a hockey game. i look forward to cooperating fully with the league's investigation having my name cleared in looking forward. >> to this upcoming guys. his wife was going off on instagram news very, very messy. yeah, i just was like, i'm happy. i'm not a vendor came right now. >> why did you put in an instagram. so everyone would see it. all right. got likes corn vibes a little bitter. the fed not my i'm just reporting the news, but we're not. it's weird because if van der came with strong games. he had his best season of his career. so you leave, you're throwing games. you're playing bad on purpose. a team can losing. you could win money. but so like maybe what we don't know, what he was betting may be betting on a team to win, which is, you know, frowned upon, but it's not morally as ramps up spending when you can if it's a slippery and there's been rumors for years that he is. he's a big-time gambler. so you know, there's dot

i bet you were guessing that might be the case. cnbc reporter has been following that story how big? do we know how big this stash is >> reporter: yes so, the government has a stock pile and they have accrued it from all of these different agencies so, the fbi does these raids and the irs does these raids and i spoke to someone at the irs who had a heads up this mission, and they say so far in this fiscal year 2021, they've taken in $1.2 billion in bitcoin. so, you know, it's not too small a collection of crypto >> so, what are they going odo with that? it reminds me of cash seized or maybe contraband seized in government raids and they have to figure out ways to turn that into something that helps fund the government but with crypto, is there a government wallet? what do they do? >> yeah, so essentially what happens is you have all these agencies that are able to seize the crypto assets, whether it's bitcoin, whether it is light coin or e theer yum, and it goes into this digital wallet and then once the case is closed, once everyt

coming up, options traders are betting roku will pull back. we'll bring you the action when "fast money" comes right back. >> miss a moment of fast, cah othe go, follow the "fast money" podcast .. was another around the corner? or could things take a different turn? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98 percent of patients on eliquis didn't experience another. ...and eliquis has significantly less major bleeding than the standard treatment. eliquis is fda-approved and has both. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. while taking eliquis, you may bruise more easily... and it may take longer than usual for bleeding to stop. seek immediate medical care for sudden s

some are betting one plus one equals more than two. jack: i'm totally on board, whatsapp isn't being valued in anything, you can get youtube separately that will start its own search engine, it's really interesting if investors are focused on this, what are they focused on. >> i think rather than regulation what a lot of tech investors are worried about is the post covid economy and people returning to the analog habits, your blessed online shopping, that worry has hurt amazon stock in recent weeks and fewer people buying ipads and masks because her headed back to the office so there's no more need to abate under byproducts or home office, that is the worry for tech investors if there is one. jack: it is flat on the year but here's what i found really most interesting in the story was optimism about these little companies embedded in the big companies they have the tricks up their sleeves that the market is in valuing. >> it really is interesting these are massive companies all over a trillion dollars in market value but to their credi

is tesla today carson blocks of bets against it are gone. the short seller didn't mince words criticizing musk in his first shareholder letter which dealbook saw he said his bets against the carmaker it's over they've been quote sent to heaven nilay, i'll sort of ask for your take on this one as well because what he's basically acknowledging here with tesla, and this is very similar to what we were discussing, is the fundamentals really don't matter, this is kind of always a -- >> yeah, between the amount of valuation, between the amount of capital they have, between the absolute loyalty of not only tesla fans but elon musk fans they're in a stable position because you can't knock the confidence down. you can't say well, they're not selling as many cars, ford and jeep and whoever else are rolling out cars, they're selling really well. jeep actually just raised the price of its hybrid wrangler because it's selling sol wp ford is selling lots of mustang mach-es. is that going to knock one tesla buyer of o'their tesla probably not i think that'

francine: talk about the bet against kathy would. >> michael burry does make those headlines, betting against kathy wood, and putting bearish puts against this stock. 2021, we have started to see momentum wane over lofty valuations and concerns over inflation. perhaps michael burry taking a big bet because he has a short position in tesla, and tesla is the biggest one waited within kathy wood's etf. francine: coming up, bhp exiting the oil business and merging operations. we will get all the details, shortly. this is bloomberg. ♪ francine: welcome back to the open, a little pressure in line with equities. the ftse down 0.2%. they did open lower a half percentage point, better than it was 10 minutes ago. the focus is what we heard from the asian economies, the impact the delta variant could have on the economy worldwide. and we look forward to jay powell to see any clues about tapering or insight into inflation. let's look what is on the move. this is on chinese regulatory concerns, we have a great conversation with carsten brzeski on what we can learn with what beijing is doing. the

i think betting is all about _ his confidence will travel. i think betting is all about confidence. i his confidence will travel. i think| betting is all about confidence. if you feel comfortable in your own game, even if you face a really good bowlers, it puts you in a good position to be able to score runs. i know i can play test cricket, the last time i had a crack i wasn't as consistent as i should've been. at the time when he got dropped, there's a lot of emotions and what have you, and you think you should have you, and you think you should have gotten another game or two. but when you're out of it for a while, you look back and think you didn't score enough rolls democrat runs to justify getting another game and keep playing. so when you come back, you're hungry, you want to score runs and prove people wrong and prove yourself wrong, that you can naturally play at this level.- naturally play at this level. in the indian naturally play at this level. in the indian team. _ naturally play at this level. in the indian team, there's _ naturally play at this level. in the indian te

we're hopeful that texas legalized sports betting soon. i think we're hearing if they do, it's going to be the teams that have the access, that have the physical books at their places houston's obviously the largest metropolitan area in texas there's no better place than the toyota center to put a book, should we be allowed to do so from the laws and regulations. timeline is not within our control. once we get the opportunity, we're going to make sure it's the best experience out there. and obviously, tilman has a track record of building out incredible properties. so no one better than him to help do it >> i'm sorry, i did -- i got that wrong, jason. i was listening to news radio this morning out of one ear and i just thought i heard something else so tilman, i assume you would agree with everything jason said i believe there are going to be sports books either in or adjacent to every professional sports stadium in the country. agree or disagree? >> totally remember, we were at a huge disadvantage, tyler. we can't take houston rockets bet

well, i bet you _ swimming. well, that's good enough. well, i bet you can't _ swimming. well, that's good enough. well, i bet you can't keep _ swimming. well, that's good enough. well, i bet you can't keep up - swimming. well, that's good enough. well, i bet you can't keep up with - well, i bet you can't keep up with him these days! tsine well, i bet you can't keep up with him these days!— him these days! one day i'll tell ou a him these days! one day i'll tell you a story _ him these days! one day i'll tell you a story about _ him these days! one day i'll tell you a story about that _ him these days! one day i'll tell you a story about that but - him these days! one day i'll tell you a story about that but not i him these days! one day i'll tell. you a story about that but not now. next _ you a story about that but not now. next time — you a story about that but not now. next time i'm back in leicestershire i might drop in. you next time i'm back in leicestershire i might drop in-_ i might drop in. you are more than welcome- — i might drop in. you are more than we

. >> well, maybe not that was an exert from cnbc mckenzie's piece on one family's long running bet on bitcoin. that dutch family of five sold everything they own, traded the cash for bitcoin back when it was 900 bucks and mckenzie joins us i have been following story for more than four years now it sounds all carefree back at the time let's just travel the world. who cares about the material stuff? it seems like they care now about protecting it. >> right so back in 2017 i met them when they had just sold their 2,500 square not house, their toys, their shoes, and they were making this big bet on bitcoin and there is back when it, you know, didn't have the same kind of gravitas that it does now, not the same level of institutional backing or mainstream adoption. and so, i mean, what happened was this family of jet-setters decided to safeguard their coins because they really believed that bitcoin was going to make it and so they started storing it, they started storing it cold on different continents it's a really wild story >> well, if they just kept the amount that they had back then

the betting and gaming council told us... "promotions are an issue for individual operators," but added, "the industry is determined to protect people. and the rate of problem gamblers has remained stable for the past 20 years." free bets, they are not designed to give anyone anything, they are not designed to be free. they are enticing people to open accounts and, potentially, they cost lives. the number of people killed by flash floods in the us state of tennessee has risen to more than 20. dozens are still missing. roads and bridges were washed away and power cuts have affected thousands of people. the east coast of the united states has also been hit by strong winds and heavy rain, as tropical storm henri passed through the area. tanya dendrinos reports. debris and devastation, this is tennessee after flash flooding wreaked havoc. i'm like trying to get them out the door, but the water is so high and it's pushing against the door that i'm having a hard time pushing to open the door to get them out. i'm holding two babies.

who claims he bet on his own games. the wife of cane accusing the sharks player of intentionally losing games for gambling profit. >> she claimed he was throwing his own games. the idea that they are somehow influencing the out come is something the league doesn't want. >> his wife posting, how does the nhl let a gambling addict play when he's throwing games to win money? he fired back. >> the allegations drawing comparison to pete rose. banned from major league baseball for life. after betting on games. >> punishments are very severe. they can range from the cancellation of a players contract. to suspension. >> cane says the two are in the process of divorce. and this isn't the first time his gambling is in the headlines. in january he fild for bankruptcy. claiming to have $1.5 million in gambling losses in the last year. he was sued in 2019 by a casino. for allegedly failing to repay a gambling debt of $500,000. the forward is three seasons into his seven year $49 million contract. >> they are aware of the allegations

the betting and gaming council told us... "promotions are an issue for individual operators," but added, "the industry is determined to protect people. and the rate of problem gamblers has remained stable for the past 20 years." free bets, they are not designed to give anyone anything, they are not designed to be free. they are enticing people to open accounts and, potentially, they cost lives. annie ashton. it is 9:25am. we have the weather coming up very shortly but before that scott... it's peak music festival season — or it should be. over half of all the major festivals in the uk have been cancelled this year — many because they couldn't afford the insurance to cover the risk of last minute cancellations. ben thompson visited one event in birmingham for us. good morning from birmingham. it really is the morning after the weekend before. we are at the birmingham soul, jazz and funk festival, one of the festivals that has got the go—ahead after 18 months of the stoppage. organisers here very glad to get things up and

i bet you said most of the money on the letter either be that choking income of catalog, officially the i i i the made in it, you're the more severe in calamity, tidy inequality and on than color mirror, the dish has been made in its uni, be hum, leer for dance, bashed on secure, can watch them us. as kids in the glare them in their can the court to coordinate, benign. i met in the because she to push the top from the bus. could be sure why the animal party did a reagan and it was a yeah, that you know, the large to be on genevieve kids will. the top clarebrook totland instead of going to because i oh or to put you in a coma but it will lose is so oh yes. oh i love the service was color the to conscious and now what they good tourist your bush and the trick. yup. i is good to go to control. that was that was a call. want to get to the lead, the nv commercial. ok. someone car this eco because i want to go to big. she said, she didn't say the most time to, to reach out to my late to the teams. champ clause took design b. this where they are the b. charlotte and alton, that actually could

it is a very dangerous short bet if you ask me because you can get whiplash. >> good morning. it is deirdre. as the funds grow, receives more assessments under management is it more difficult to make the bold bets and seen the returns how does the size of the funds change the calculus? >> it's both the size and the profile why cathie wood is never shy about making public a macro bet. the problem with being open and out there is there's a target on your back. one reason everyone is gunning by ark is they feel how burned and in a sense that's the danger of being out there and in the public and i think that she is facing the backlash that that's creating >> danger for who? right? because we are in a very unusual market environment where more short interest actually leads to more interest from perhaps the reddit community once you told me that you have to think about valuations creatively in this environment so could that provide some impetus for the reddit crowd to further push up the ark fund >> after amc i'm surprised any short seller wants to be out there. you're almost beggin

but i bet they still have a lot more upside. why? why don't we start first with dock simmy simple docks this is a digital platform that counts 80% of the doctors and 50% of nurses. big pharma has to get to them and the whole industry spends a fortune on marketing my wife would have to go for miles and miles to see doctors all over the country trying to sell them a wrinkle remover not unlike botox sending out sales people are a process. and hospitals also use this platform to recruit, doctors use it to find out about new treatments and it has a bunch of software tools to make it easier for doctors to manage their practice including communicating with your patients and if the doctor doesn't have a phone number, it is probably dox imy. some patients will call nonstop. how about the numbers. the last quarter sales doubled year-over-year the ebidta margin came in 43% and looking for 30%. as jp morgan said reiterating over weight. no need for a second opinion as for upstart, they facilitate loans for other banks and this one up start, had

and it is never a good bet to bet against america. we are the united states of america. there is not a single solitary thing, nothing, beyond our capacity to get done if we do it together. we have to act. and that is what we are doing today. and, again, i want to thank the ceos of the automobile companies, and i want to than all the autoworkersk -- thank all the autoworkers. would like to invite my congressional colleagues to come up, if they are willing to stand behind me, when we do these command others who no -- do this, and others who know they are supposed to do this. thank you so much. [background chatter] pres. biden:,, how are you? -- tommy, how are you? >> it's good to see you. pres. biden: now, when i sign the executive order, usually i'm able to give a pen to the folks who are part of it, but i only have one pen. >> uh oh. pres. biden: you each are going to get a pen, i promise you. this is the executive order for clean cars and trucks. i want to again thank the ceos and workers and members of government. thank you, thank you, thank you. alright! [applause] th

against and how many betting for. easily instant settlement so if you win the bet you get it right away in crypto so whether it's ether or bitcoin and as a 23-year old that started this he has raised $4 million over the past year, but i would say if he's going to list this on the exchange fcc is clamping down when it comes to gambling. this might be difficult i think to get regulatory approval. stuart: but it's pure gambling? susan: but it's instant. using crypto in either, i mean, that was the point of crypto currency, financial transactions where i can sidestep a bank and pay you and that's it. stuart: this thing might just take off. i can see that. sports betting, this-- another good story, barstool sports day portnoy's operation is opening to sports bars. where are they and when will they open and my point is what is he up to? susan: obviously this is about implementing penn national. remember penn national. stuart: he sold out to them. susan: 36% stake in barstool and david portnoy and these are stand-alone bars

it's up like282% you are not betting against the vaccines but it sounds like you're betting against moderna >> no, i'm not betting against moderna. it's my largest position and it has been. however, i'm short the 440 calls. i'm short the 420 calls because the premium in the stock is getting ridiculously high. so what i'm doing is looking -- those calls expire this friday so i shorted them at much higher levels -- >> so by long puts, short calls -- i want to be clear. long puts, short calls, you aren't making a bet against moderna. you're riding out some of that premium? >> exactly right exactly right. so, look, i'm long puts just because i take out some protection when i find cheap protection, i take it on a lot of positions. moderna has a lot of volatility. jon will tell you this this is his world. he's great in that world, which is that these are other trades they're not investments. when the premium goes crazy or gets dirt cheap you take out the premium. moderna, i'm still committed to. i still think the stock goes up multiples from here over time. it's a technology company, not a biotec

it's bigger than sports betting, it's bigger than online casinos, it's bigger than media. we're really focused on creating best in classics appearances for loyal end users, and we think this equals that in spades. liz: okay. you've got to keep john and dave portnoy out of the same room, because those two big personalities -- [laughter] that could be explosive. >> i welcome it. liz: great to have you, jay, john. we'll be watching the consolidation and the real competition here. >>> up next, the golden flash crash sends gold bugs running for cover. what does it signal for the precious metal, if anything? we've got the ceo of one of the biggest gold miners in the world, barrett gold. he's next. closing bell ringing in seven minutes. we're coming right back. the dow now down triple digits, a loss after about 121 points. ♪ ♪ ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed o

the betting and gaming council told us... "promotions are an issue for individual operators," but added, "the industry is determined to protect people. and the rate of problem gamblers has remained stable for the past 20 years." free bets, they are not designed to give anyone anything, they are not designed to be free. they are enticing people to open accounts and, potentially, they cost lives. jayne mccubbin with that report. extinction rebellion has kicked off its fifth mass protest as thousands descend on central london to demand the government stops using fossil fuels. protestors are screwing chairs to the ground and chaining themselves to one another to express solidarity with nations disproportionately affected by climate change. a heavy police presence surrounds the "impossible rebellion" protest, which is due to disrupt london for days. two former sex pistols have won a high court battle with former frontmanjohn lydon — otherwise known asjohnny rotten — over the use of the punk band's songs in a new tv series, dir

imagine you and i want to stake a bet. that bet can be on the outcome of a sports tournament or on the maximum temperature in the midwest in july, or an option contract on the closing price of a traded commodity like gold. we could write computer code that checks whether the condition has been met and if it has, some crypto is paid into my account. that has the potential to cut out loads of middlemen and women. insurers and brokers could all see their businesses disappear with lower fees for those using the services. naturally, that is the space bankers and financiers are worried about. it is too early to say who is winning, but get a ringside seat now. it promises to be one of the greatest battles of our time. this is decrypted. for more content like this, follow us on your favorite platforms. emily: that is a battle we will continue to watch. ed ludlow joins us later with a deeper dive on crypto market moves. draftkings unveiling an in-house nft platform and the first tom brady release selling out in minutes. we will spe