there's one more thing that steve said cathie is a true believer or cathie truly believes this. cathie is a true believer in these stocks and as an investor you need to be careful at being a true believer because what that leads me to think is that you get tunnel vision, and a great investor is someone who can look at all different angles and who can stay flexible and who can say hey, this game is up here and i need to look at these differently so it's important for all of us as we go into next year to be careful about believing that the things that worked in the past will work again. we have to stay flexible and adjust to ithings that come our way in the future. to be a great investor, you need to see the forest through the trees and if cathie were here, maybe she would suggest that and i have a defined timeframe that i -- i swear to, and i'm willing to accept near-term risk for longer term gain because i believe in the forest rather than the trees right in front of me it's just an interesting point to consider. let's do this. i want to continue with the market conversation in

hey, bob >> cathie wood's starts in the a bona fide world of active stock. the ebb and flow of her flagship fund integrates the stock ticker among the largest hold, bloc, coinbase, unity and they're down 12%. and twilio, test eladoc, spotify and tesla. yesterday, wood's lightened up in position with major holdings. as for inflows and outflows, the inflows peaked early this year however, given the volatile stock, holders of the ark integration fund, they've been loyal. since peaking in april with 201 is million shares outstanding, there's a slow but steady share of outflows. down 15% from the april peak, but that level has been fairly steady in the last few weeks that's very impressive given the fund is down 21% this year, and 38% off a 52-week high, it hit that high bay back in february. and an intraday low yesterday. a lot of people are sticking with her the bottom line is this, there's nothing correct me if i'm wrong with cathie wood's line of reasoning. this technology company will change the world but what's true enough, when everyone buys into the argum

take a look at the cathie woods sell list. the fund manager trimming in a very big way let's get to our bob pisani with much more on those moves. >> cathie woods started the year as a bonified superstar in the rarefied world of active stock picking. she ends the year still a superstar, but the ebb and flow of her flagship fund illustrates the danger of being an aggressive, active stock picker among her largest holdings, bloc, coinbase, unity software, zoom video all down 10% in december alone, twilio, teledoc and spotify and a 3% decline from her largest holding which is tesla yesterday wood lightened up on many positions selling stakes in most of her major holdings give know how volatile the stocks have been, holders of her flagship ark innovation fund have been remarkably loyal since peaking in april with 201 million shares outstanding there have been a slow, but steady trickle of outflows. that's down 15% from that april peak, but that level has been fairly steady in the last few weeks. that is impressive loyalty given the

i notice, i just snuck that in there. >> yeah, and. >>> next up cathie wood. so dan, wood or wood nod >> i wood not. i don't disagree with what she's saying i just don't find what they're doing right now to be particularly compelling. mel, i don't know if you saw some of those amc, the gamestop, they got absolutely creamed here today. a lot of the stocks, they haven't been through a correction just yet, and that could really weigh on their assets under manage. so i think this thing need to probably have a capitulation, and then i would at some point though -- >> i wood robinhood, and i think they have the capitulation you can't tell me this stock hasn't been taken down hard. i think you have a case here, cathie talks about the digital wallet dynamic, how about how sticky it is, how popular it is, and i think, yes, the amc/reddit crowd is often seen as robinhood crowd, and obvious they're not distinguishable. sometimes they shouldn't be. i think this is an i was testing my wood on the way in. some bucks higher, and although, again, limited down side. >> testing

may not have the kind of staying power that cathie wood has, right she'd be the first to tell you and she says it frequently if not every time she's on, her time horizon for these kinds of stocks is five years so she doesn't care about heavy spending and heavy losses. because her time horizon is so long out in the future that she's willing to make those kinds of bets. is that the only way that you can view these stocks now? you have to have such a long runway ahead of you and just be willing to suffer through pain to get to the other side >> i think it is, scott. look, it's very difficult to say where the valuation supports stock. take unity, for example. they're not going to be generating ebitda, positive ebitda, for another year or half a year so was 80 times sales the right multiple is 40 times or 30 times? don't know it's a function of the market and what drives the market so yes, they're good companies that's a very good company, but it's a question of where bryn's a great analyst a great portfolio manager, but time has to be on your side and we'll see how long cathie can hold on

taylor: that was cathie wood. coming up, we will be joined by dominic williams to talk about his latest network upgrade and what it means for the metaverse. this is bloomberg. ♪ taylor: this is "bloomberg technology." let's get an update on the markets. how did it go? kriti: one of the big trademarks of 2020 was this idea that the nasdaq 100 and russell 2000 were trading together. it was not because people were confident in tech or an small caps but because of momentum. you see it at the two indexes move together, but lately, you have seen them diverge. that nasdaq outperforming the likes of the small-cap index. does that relationship start to come together again? i want to move over here and look at the other tech sectors that performed today because you did see a positive tech trade at the top of the show. we talked about information technology becoming 30% of the s&p 500. here's what did not get in on that trade, the biotech index. a lot of that has to do with maternal and not getting the flu test results tha

i'm with cathie wood on this one. i think jpmorgan just came out and said they could see the stock doubling i think your point about m and a -- >> still to come, we're going to check in on cvs options. how one trader is betting today's gains may just be the start of where it's headed >>> you're watching "fast money" live 're ckft ts. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks

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and our next speaker is cathy blake, federal -- federal. fellow of the american society

i mean jack is out, cathie wood buys it. should we? >> well, if they do what you and i know they must do, which is to clean the stables, this new ceo can take a very hard look at getting rid of all of the assassins on twitter. >> they won't. >> no, why not he has a chance. he can radically take down them down, it is certainly right, and make it so everybody uses their real name and people will come back in droves to twitter. it has become the meanest place on earth, you know this. he can clean the cesspool. >> is that the only way you could buy the stock? >> yes >> because there's a business and then there's - >> right now it is just about assassinating good people, and i can't bear it when my friends go on, my kids can't bear it when i go on. let's clean it up, get rid of the nameless people and make it so it is people to people. it will become gentler and the advertisers will come. i don't want engagement leading to violence an fighting and anger. i want a peaceable place to talk and interact >> well, steph, you did own this stock. y

also cathie wood, clashed over n.f.t.'s and art. >> it's the greatest thing to happen to artists, n.f.t.'s. there's a company called async art, this was an ah-hah moment for me, this will really stimulate and cause profound changes in the creator world but artists, even physical art, turning it into digital, n.f.t.'s -- this is a property rights system. it's a very interesting phenomenon because we are moving into the digital world. >> and i understand that and let me tell you as an old-timer and lover of art and passionate lover of art, i hope people don't lose coming to museums and experiencing the beauty of art personally. when i had to buy art by phone, you know, with my apps and now i finally come to get to look at museums, great pieces of art, there's nothing like it. yes, i can understand how we will create new energies, you know, but the beauty of art is always the personal experience of watching the art. anja: we art. cathie: we have an art gallery, all n.f.t.'s, digital art, and it is a thing of beauty, as well.

we think will be in harm's way >> let's get some reaction now to cathie woods' comments with este duec, good morning to you >> good morning. >> so first, let's start in the near term and what you are seeing in the markets today. i think there were some parti participants who were surprised to see the market, perhaps not expecting an omicron case in the u.s. even despite the biden administration and many public health officials saying it was anything but inevitable. how do you think this plays out over the course of the next week and the next month >> at the moment it feels like a bit of a lose-lose scenario from the market's perspective if you have omicron and it spreads a lot, you have risks on growth and if you don't have or symptoms are milder and it doesn't have an impact on growth you have a fed that could be tightening more aggressively i think we're going to sort of play that out over the coming days i do think that growth momentum is strong, is going to stay strong, into 2022, that we're going to see this -- any effect you have from omicron this month pushed -- with growth push

cathie wood's ark investment bought 1.1 million twitter shares after the close stock lost 3.4% the day after jack dorsy stepped down as ceo and cto. wood talking about her latest move with our sarah eisen this morning. >> we like under his leadership what they're doing from a montoization point of view we love twitter's positioning as a verification platform because we think that is going to become huge with nfts the verification is what is going to make nfts valuable. >> wood is betting on twitter after the stock has lost nearly 30% over the past three months and the stock is up only 10% since twitter went public back in 2013. the concern now is that the company won't be able to hit its aggressive user and revenue growth targets that it set for 2023 and a lot is riding on new products that were developed under agrawal's watch to describe top line as well as user growth. some include topics to make the platform easier to use and to create more personalized ads also ecommerce capabilities. twitter just partnered with walmart for its new live shopping feature and then finally subscriptio

cathy. hey, well, to the kid, her name is shan shim, sam z toward zach on. wow. shoot to michelle. and it was in the, in the we did it many keith, he said must have a saudi up a month ago. what kind of symbol county and they said, i just want to lock it with a lot of a come night that that event fee. because of that, how did you know the supply fee if you mess up a few messages that he'd be makia getting a helman medical them in many ways in the new company or the home i wouldn't be she had been up she can walk out of him so home at home, i'm only going to quit cold at home this year. more than any money can add one visit. we're fixing have you had any issues with us and the need to do she is an amateur with people get up to me and many who have somebody in the doublet hammer or whatever other than that. and then that will lead them to them be either will not have given diamond can get lost and more need financing unit the city a we have with any other mission. alas, animals or we're going to check in the mail cause aside from some of the in the world. yeah. you mean in the south i

cathie wood says no bubble in ark land i look at stocks from the innovation fund. this is the percentage that they are off of their 52-week highs off their 52-week highs. robinhood is 75% off its 52-week high teledoc is 68, chris werer is 65, draftkings is 56, dock yousign is 51 and on and on and on how could there not have been a bubble in those names? >> well, it's a loaded term the term bubble, but i think if you just consider the fact that -- >> you can use effervescent and someone used that on closing bell which was very interesting. there's this effervescence >> listen, i don't own any of those stocks, but we all understand -- we all understand that -- >> youown coinbase and that's 36%. >> i own coinbase. we all understand that using traditional price earnings or book value to market cap or enterprise value to ebitda like, if you take those traditional metrics that we value corporations at, none of these stocks are buyable, right? but they never have been, and so she's looking at things on a five-year time horizon and what she's basically trying to do is own

something tells me that cathie wood is not investing, saying it's okay i'll break even in 14 years. so it's not like things just happen and fall apart and drama. it's more like water torture and just goes on for an extended period of time >> it's interesting you mentioned that the ark etf is down 6%. some of people think that's an important level. but, broadening out a little bit, if you're right and that sort of type of stock and crypto assets are in a bubble and due for a long pullback, will that drag all u.s. equities lower would you just avoid u.s. equities until we get through the worst of it? or there are some parts that you like >> so, i don't want to pick on cathie that's really very unfair. but i think that she alluded to this, that we've been saying that don't think of the market, think of the market as a seasaw right now. you have what i would consider to be bubble assets, she would consider to be growth assets on the other side you have everything else around the world. we're trying to be on the other side of that seesaw. there are so many opportunities that people are i

i spoke to cathie wood and she will speak soon. she is an example of a firm that moved from the northeast, taking the same train out of westport, connecticut, and does not have to be there. a lot of it is remote, being here with the same talent versus before, you could not do that as much. romaine: we appreciate you taking time of your own from south beach to talk to us. former new yorker from chicago and down there in miami. he worked for bloomberg intelligence and does great research on the crypto space. we want to get to the man we were speaking of, the mayor of miami, francis suarez, the keynote speaker at bloomberg: the future of global financial centers, the new miami, and a new miami says it all, mr. mayor. you have obviously been trying to sort of reimagine or at least get people to reimagine what they think of miami, not just a place to party and vacation but a place to live, work, and build a business. how are you doing with regards to attracting more of those businesses to set up shop in miami? mayor suarez: i want to sa

emily: cathie wood speaking at an event in miami for bloomberg on friday. tom brady is offering a set of nonfungible tokens focusing on the beginning of his career that includes a stopwatch, cleats and jersey used at the national football league combine. the collection opens to the public beginning this week. that does it for this edition of bloomberg technology. make sure you tune in tomorrow. we will be speaking exclusively with the vice chair and president of exxon. and we will be joined by the ceo and founder of the realreal. andy cofounder and ceo of crowd strike. i'm emily chang in san francisco. this is bloomberg. ♪ when you have xfinity, you have entertainment built in. which is kind of nice. ah, what is happening. binge-watching is in the bag, when you find all your apps, all in one place. find live sports faster just by using your voice... sports on now. touchdown irish! [cheering] that was awesome. and, the hits won't quit, with peacock premium included at no additional cost. all that entertainment built in. xfinity. a way better way to watch.

they're bouncing back a bit today but investors have been rotating away from cathie wood's high growth. all of those etfs and the actively traded ones are negative for the year. autonomous tech and robotics is the only positive on the year so far. that one outperforming scott, back to you >> super interesting kate rooney for us out in san francisco. josh brown, i'm guessing you have a thought or two about the new etf from cathie wood >> i think in this day and age if you are a large asset management firm which ark now clearly is, you have to have something esg in your suite of products ostensibly you're going to financial advisory firms like mine you are presenting an approach where these are the categories we cover so much money has been and will continue to go into funds that play up governance and transparency and equality, et cetera, so you're not in the game if you don't have that as participate of your offering this is what the people want and when you work in asset management, it's no different than any other industry. you have to give the consumer some version of what they're a

soul-searching is the word used by cathie wood to describe what has happened recently. small caps selling off yesterday. what do you do if you have a portfolio strategy that relies on the success of highflying tech cap names? here's what cathie wood's had to say on bloomberg yesterday. >> and a time like this, of course we are going through soul-searching. are we missing something? we doubled down on our research and modeling. what you should also know is, to get to that 40% compound annual rate of return, we assume massive, multiple compression from today's levels. dani: what really encapsulates there, a process that many investors are experiencing themselves. we are just hours away when we get the u.s. cpi that is expected to be the hottest price rises since the 1980's. that's quite the number there. next week, the fed is expected to start that tapering and speed up the process. will dudley things they will start to hand -- hint at some rate rises. it is soul-searching in this market as we also face the grim reality of rising covid cases, rising hospitalizations in th

cathie wood is missing out on the year-end rally on wall street. ark underperforming in 2021. the fam

will tell us about the effort to put an accident in amazon's cloud dominance and the rough year for cathie woods' funds. all of that coming in the second hour but first we are now in the "closing bell" market zone mike santoli is here to break down the moments of the trading day and today joe taranova moving in different directions on record close watch for the dow and s&p and nasdaq pulling back after four straight days of gains. anything positive for the s&p would be a record. we have 7 basis points of gains. we are just shy though of a record close on the dow. looks unlikely to be met mike, a bit of a breather today of what was a stellar five trading days from last monday's pullback. >> yeah. that's basically the size of it. it is easy to forget that we did have a ramp binto the long weekend. getting into navigating to next year it is a question of ride the winners or do trolling for the laggards with divergences in the market right now looking at the extremes like cannabis and clean energy and then the upstart cloud stocks cloud stocks that are upstarts seem like they would be ripe for

washington state representative cathy mcmorris rodgers and a panel of health officials discuss the federal response to the pandemic, how health care will change, and innovations such as the use of mrna. >> welcome to our what is next innovation in health care 2022 conference. i am caitlin owens, health reporter for axios, joining you from i home in washington dc. -- from my home in washington dc. if you want to follow on twitter, do so @axios, and #axiosevents. we will explore the pandemic and health care in 2020 to two and beyond. our first guest is dr. pete schultz, joining us from san diego. welcome, dr. schulz. dr. schultz: happy to be here. caitlin: thank you so much for joining us today to talk about important takeaways from the pandemic. a natural place to start would be the mrna, which has been transformational. what do you see going forward, once we are through with covid, what are promising uses for mrna in research and development? dr. schultz: the vaccine area is probably where it is going to continue to have its largest impact. just because of the speed with which you can make

. >>> after the break cathie wood's ark innovation it of down sharply on the year. about the new etf she just announced next you are watching "closing bell" on cnbc. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. ♪ ♪ for smarter trading decisions, amazing... jerry, you've got to see this. seen it. trust me, after 15 walks ...it gets a little old. [thud] [clunk] [ding] ugh... it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management r

they are the ones getting hit the most often these names are associated with cathie wood the problem is omicron is preventing everyone from wholesale let's go into cyclical names. go to oil, bank names. today there is no wholesale move into any of those names. caterpillar, goldman, chevron -- it is a debacle but the volumes around that big, nobody is throwing money at this other cyclical part of the market. what's left? we have high quality defensive names. these are consumer staple companies and health care companies. these are all great companies, all high-quality companies the problem is, they are only about 15% of the stock market. none of this, none of these defensive names are enough to sustain any kind of rally in the stock market and you see that today so the market's in a little bit of a difficult situation we are dealing with some richly priced stocks. there is some risk in the market people are naturally derisking in the most risky stocks byes, this makes perfect sense, but it's little bit gut wrenching to watch it. and we just need a little more clarity on omicron and the

remember, cathie wood was the best money manager in 2020 you don't get that title easily, even if she's had a rough year in 2021. she did win the super bowl, and i think she's got a great eye for what investors want for richly valued growth stocks. now let's take a look at how arc innovation the s&p 500 only took about ten days for arc innovation to put a topout after the vix bottomed october the 21st then the etf gradually moves lower over the following three and a half weeks dropping from 125 to 107 at the same time, the vix was rising from 16 just under 20 now let's zoom in on the past few weeks. arkk innovation held up well when the market sold off on black friday because we were freaking out about the new covid strain and many of these are stay-at-home stocks. but the vix explodes higher and arkk innovation really rolls over right when they were liquidating stocks left and right. you see this goes whhh what he calls a negative feedback they sell their favorite tech stocks, then the many cathie wood watchers start worrying about what she sells next. that causes more people to withdr

and a deep dive of cathy woods performance of 2021. none of her arc funds are set to beat the s&p this year tech check you have to deal with higher expectations and you have to lower wait times. with ibm, you can do both. your business can unify apps and data across your clouds. so you can address supply chain issues in real time, before they impact your bottom line. predicting and managing operational issues that's why so many businesses work with ibm. want to save on your home internet? xfinity is proud to support the emergency broadband benefit program. for a limited time, you may be eligible to qualify for a credit of up to $50 a month toward your internet service through this program. that's right! you could qualify for a credit of up to $50 a month toward your internet service and equipment. for even more value, switch to xfinity mobile, and you could pay as little as $15 a month for wireless. click, call, or visit a store to learn more. what does a foster kid need from you? to be brave. to show up. for staying connected. the que

these are the cathie wood stocks and if you'll dance with me on that division into three parts how do you like it >> the growth at a reasonable price will be number one and i still like the faang sector and they'll continue to lead cyclicals are sort of a mixed picture and i think that part of these groups i tend to join tom lee in embracing this, other areas like discretionary and industrials they tended to break out in november and they pulled back a little bit and it will be important to see these groups play catch-up and start to join the other stocks with regards to hypergrowth, i would have to rank those last. unfortunately, i can't embrace the cathie wood name on a short term technical basis i certainly agree with the long term thesis. i think they'll likely come back i just haven't seen enough to want to dip my toes in and think that momentum has started to shift in a way that you'd really want to be a part of those >> mark, thanks for that insight we appreciate it, thanks for being here >> my pleasure, happy holidays >> one area that's not working right now are transports and

. >> what i want to do and i mentioned endeavor earlier and cathie wood is buying that now and that's the reason yet stock has a jump today, but it brings to mind those types of stocks and the cathie wood-type names and the ark stocks which have gotten obliterated when people ask you, is it safe to buy innovation fund name, some of the higher multiple, higher price to sales stocks, everyone knows the kind of which we're talking about. is it safe to buy those today, tom, or not? >> i oofrng on if your timeframe is three, five years, i would agree with cathie wood's view that there'sec pon earn growth coming and the number of people age 20 to 50 is accelerating in mcand we have research that if you overlay the number of people over 30, 50 it's highly correlated with patent growth and i think we'll enter a period where there's a lot of innovation coming and she's described, but in a world where people are focused on, you know, antivirals and fed tightening and this is not they want to be owning inflation-sensitive stocks i still think exponential grower is a timing issue. i'm sorry. i th

the name is cathy park hong one of the most influential americans in the nation. i am a fiction writer so i'm allowed these moments of fantasy. but if you didn't read "time" magazine he wrote the following about "minor feelings" could she said i felt so sane i couldn't believe that this book existed. this is a book to read when you ask me how can i be an ally? this is a book to read if you want to educate yourself. this is a book to read if you want to be more in touch with your humanity. once again as an accomplished poet cathy park hong speaks with a kind of weaponized honesty that is so needed at this particular time. it's my great pleasure to introduce cathy park hong. >> thank you to the illustrious board members at the before columbus american book awards and i have to say thank you especially to sean wong as scholar who i admire and his actually edited the asian-american literature anthology that put all of us on the front of anthology that help start amplifying asian-american writers. i am honored to be a participant in such piercing ineffective authors wh

a micah, stephanie cathy, anna and cigna are taking on the biggest challenge of their lives, crossing the atlantic ocean in a row votes in the telescope atlantic challenge. micah, a cardiologist by trade, has hardly any rowing experience. globus is all, i think it's also a little bit about getting to know myself from a different perspective by doing something crazy. my so look to see. she has me like the other women, she lives in hamburg, mike, his best friend, catalina, came up with the idea. ah, my gallon with you. i'm toyota. i like having adventures and trying different 40 things august 30 to 67 days on the atlantic, with no support bo everything on board and doing it all ourselves. it's kind of a life project gases i've. i've lived in limbs. we act non mother and daughter g o stuffy and tim not complete the team they to were looking for something different in life vests and yeah, i was 16 years. i made her school lunches. that's not enough in the life of these and i'm doing something else for which often i'm looking forward to seeing the crazy starry sky because we won't have any

how much is five cathy has meant to me, i cannot put words to. her strength and bravery has been inspiring. thank you, cathy and it has been an honour to pay tribute to my good friend tonight. our political correspondent matt cole has been at the declaration in bexleyheath. 11,189 votes to the winning candidate. contrast that to james brokenshire, the former mp who passed away from cancer two months ago. when he won this seat back in 2019, he had just shy of 30,000 votes — almost three times the number. labour's vote down too to 6,711. compare that to just over 10,500 last time round. so votes all around down. the turnoutjust 34% compared with just shy of 70% last time. so, fewer than half the number of voters out this time. so, the conservatives very much pointing it to being the weather, the time of year, people feeling it's a safe seat, not needing to come out because it's not a general election. opposition parties, though, labour and the reform party, which had been the brexit party previously, changed its name, rebranded, nigel farage used

and our next speaker is cathy blake, federal -- federal. fellow of the american society of landscape architects who has been active in landscape architecture for 40 years and director of campus planning for the last 25. cathy's white paper is the guiding philosophy for all landscape within the central campus at stanford and she is responsible for bridging the campus's frederick law olmsted's significant infrastructure needs. the campus, landscape, and infrastructure have received awards and acknowledgements in all arenas including sustainability for higher education and a bike-friendly university. cathy is a fellow, as i say, of the american society of landscape architects and past vice chair of the harvard school of design alumni council. she will be talking to us right now about stanford's campus. welcome. [ applause ] >> well, thank you, everyone, for having me here today. and as people file in, i'll just make a couple of comments. we saw a great overview this morning. and now what we're going to do for the next couple of hours is a deep

joining me now is cathy park, and barbara mcquaid. so cathy, what is next here? >> well, she is waking up this morning once again in a prison cell. a space she is very familiar with because she has been custody for the last year and a half. we're waiting for her sentencing, but alison as you mentioned she is looking at decades behind bars based on those five guilty charges against her. she turned 60 on crest mass day. she could be looking at her entire life in prison. her legal team said they're vowing to appeal. they already started the process and they believe that she will be find cased but right now that is a sentencing date that we are waiting for. but there is also another trial pending, possibly, because she is still facing perjury. >> barbara, you said they were not fooled by the greater culpability in this case, tell us where the defense went wrong here. >> first they tried to use jeffrey epstein as a cape goat, but it doesn't exoneration ghislaine. she helped to groom the victims for abuse. the other mistake is they revictimized the victim. they questio

my then cathy said she home and i there by then is a shift alone or a 1st going on that one that i can and then i had the hasn't had them. awesome and hon. there's only hello, hello. so as to when i had them, i'm a sunday heck and it's got on the whole one. i then did in this at dinner sausages will oh i can said there will. oh well no forgotten. nick on the up and up see was done. yom shift just don't wanna buy a mac on my phone. i had the lab so bought out of our blues. it was at the shift of all fuckin, missouri, jani at martha, rob, i thought i saw it, come on fina on it, or can auto land where they had, they don't have a debit, but then on the bottle bullshit, emailed her. she can she, sheila, yourself, gone on and on the starboard canal, the found hook or miss sorta yet to defend huck. oh, i'm sorry. i've had them away. shut it off with i've been a lot lazy on with this with a buddy lamont so let you know, let's just go on a file with him about that info on that as well. so he's on a danny jonathan. hi. so i see him about i'm going to list a, come on in some, but no, i'm always u

cathy some 250 kilometers south of the capital duck up and a st. most of the victims died in the fire. others drowned after jumping overboard to try to flee the flames. by ging has denounced a law signed by us president joe biden banning imports from china chin jang region of allegations a forced labor. the chinese foreign ministry says the bill quote violates international laws and interferes in china's internal affairs. and according moscow has find google and meta, the parent company, a facebook, more than $100000000.00 for they repeated failures to delete content that russia dames illegal rational fourteens have increased pressure on big tech companies. and what critics claim is an attempt to gain title control over the internet. scientists say there's never been anything like it. a revolutionary new telescope is set to blast off into space in a few hours time. the james web telescope, named after a former head of master, is expected to be back new, close about the origins of the universe. the new i in the sky is the successor to the legendary

laura: cathie wood is revisiting forecast after criticism of her forecast. a published update softens the numbers and clarifies that she was not referring to any particular fund. her etf is down 24%. global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. dani: thank you so much. we want to bring breaking lines across the terminal. we are looking at mirsky buying ls logistics, -- mersk, buys lf logistics, as an arm of hong kong supply manager. we have seen high rate costs and supply issues. that extra firepower is put toward acquisitions. this is another acquisition that helps them do that. it has been almost a year since the u.k. severed ties with the european union, and it is time for a report card on how britain has fared. we are joined by lizzy burden. is it too early to separate the effects from covid versus brexit when it comes to international trade? lizzy: it has been difficult, but what we have seen is u.k. trade with you has declined compared to u.k. trade with t

cathy it's about to see a lot more about that and about the brilliance -- so, i'm just going to move on. i will say that in 1884, nine years after he joined the firm, john charles olmsted, jay-z as he sometime referred to, became a full partner by 1884. he vincent west when he was young, to spend summers with a geological crew in the rocky mountains. then he attended college classes in botany and science. he was a brilliant natural designer. some of his drawings were early this year identified at a time for being those of h. h. richardson. he rapidly took on a considerable amount of work in the practice. like his father, j. c. spent many days, months even years on the road, especially in the american west. this is the plan that by olmsted, olmsted, and elliott. when charles elliott was apart late partner. free washington university in st. louis in 1865. it was done largely under the design leadership of john charles. it follows the departure of olmsted sr. from the firm and predates the st. lewis world for honoring the louisiana purchase, under which they modified the previous plan.

i mean are a moment if you see a okay, hello, so cathy, i, i did, did you sign in latin and much more than happy to come out a plan that's about a lot that'll happen as a human heart let is all on or off. when i say i that id been on as i knew not land tides about non non tides about this on the not i was about that as i wake up. i had that oddly had who has won off on the exam about this about but his, i'm at the balance of the whole and i loaded on until mean not on left body is so to you by then i do wanna and how do you like i'm not doing a demo with a find a mac, and by the way, nasty, no initial we any to the i see about last i, i need a natalie ne, at the one on that the now for non there, but they're not going number. they gave me a call back, they bought a, a, a bye. i sent over yesterday. it had been a i'll adam picked it up on my car in for tonight and the fame can hi, paulette and han has somehow come home. i live in my room. my then kathy says she home either by then is or shift alone, or i'm sure for is going on more i will not i can i then i had the hasn't had them home

okay, hello, so cathy, i, i did your son. he has a a plan that's about a lot that'll happen. and as a human how that is all on or off, when i say i that's id been on as i knew not land has involved. no one about this on not i wish above all that as i wake up i had lovely i had who as la are on the about this a mom but his i'm at the balance of the whole and i don't on until mean not on left body is studio by then. i do wanna and how do you like, i'm not doing a demo with a find a mac and by the way, nasty, no initial. we any, to the i see about last i, i need a natalie may i don't on the phone on there, but there's not a number that came in a box. they bought a good a i sent over yesterday. if not, i'll adam picked it up on my car in for tonight and i think in my life and hong has. i'm had them home cuz i live in my room. my then kathy says she home either by then it's a shift alone or a scott mclean. i'm for sure for is going on more i will not. i can i then i had the hasn't had them awesome. and hong is only has on the hollow. so i thought when i had them, i'm a sunday here

certainly you know all maybe the more hotter measure, lochlund hockey euchre fell on out a bit for love as cathy and minima halter will call the or dealer to shed. and what i said, well yeah, he knows i'm a vehicle when i guess the shuttle and the soon a, a saudi in which i buy a with my own can you. and also if you had multiple multiple jims or mike on that to so that gives you health a helpful comfortable. so the si se, via the $81.00 be shows a year with them to set aside well. so before the, on the show, the anesthesia i'm with a subject to host you can dive in out of letting you know what we run with either with a high level field or any with full size. when there was a little hard at that one o. m b, somebody could do 70 audio because it does, i don't do it. i look look. but it says that i took a look at it, but that's something that's almost a decade. yeah. when a yellow a town and must met banassi la has jo, physician a yeah, a bit of a a off that because he want to know, i'll drop that off when we get that off. of them are going to be the only one that had a put up. she won union a with

the honorable cathy claus. >> thank you, santa. (bangs gavel) >> i shall first call on the elf on the shelf from the great state of maine. >> the elf on the shelf from maine declares 657,000 nice -- ay-yuh and 270,000 naughty. ahyuh. lobstah. >> madame chair, the tally matches the list. >> check once. twice. may my sack be filled accordingly. ( whispering ) they're what?! >> breaking news. i'm here at the north pole, where a "stop the sleigh" rally is underway, and it's being whipped into a frothy nog of madness. >> hello maniacs! i feel your rage! you've been put on santa's naughty list for too long. well, i too have been on his naughty list ever since the day i slapped my way out of the womb! and today, with your help, all of us are going to finally get my presents! >> ugh. that guy. the one who always asks for porn and soup. >> i got a question for all y'all: just who exactly is writin' that list in there? the liberal media wants you to believe it's santa but scrooge- anon knows the truth! behold! (deep evil voice) ho, ho, ho. (

the honorable cathy claus. >> thank you, santa. (bangs gavel) >> i shall first call on the elf on the shelf from the great state of maine. >> the elf on the shelf from maine declares 657,000 nice -- ay-yuh and 270,000 naughty. ahyuh. lobstah. >> madame chair, the tally matches the list. >> check once. twice. may my sack be filled accordingly. (whispering) they're what?! >> breaking news. i'm here at the north pole, where a "stop the sleigh" rally is underway, and it's being whipped into a frothy nog of madness. >> hello maniacs! i feel your rage! you've been put on santa's naughty list for too long. well, i too have been on his naughty list ever since the day i slapped my way out of the womb! and today, with your help, all f us are going to finally getl my presents! >> ugh. that guy. the one who always asks for porn and soup. >> i got a question for all y'all: just who exactly is writin' that list in there? the liberal media wants you to believe it's santa but scrooge-anon knows the truth! behold! (deep evil voice) ho, ho, ho. (cro

. >>> still picking up the rear, those stocks championed by cathie wood. we dig into the underperformance. >>> and china responding to the diplomatic boycott of the upcoming olympics in beijing >>> call it a dual challenge as president biden goes face-to-face with vladimir putin later today. >>> and elon musk on the record calling out the build back better agenda. >>> it's tuesday, december 7th, 2021 you're watching "worldwide exchange" right here on nbc. >>> good morning, wherever in the world you are. i'm frank holland in for brian sullivan kicking off your tuesday morning. stock futures solidly in the green. right now looking at the dow jones, it looks like it could pop as much as about 300 points at the open. s&p and nasdaq looking to open over a percent higher at the open this follows the dow's gain yesterday, its best day since march 1st and a rally that erased all of friday's losses while major averages continue their climb. certain areas of the market have a ways to go, despite more than 2% yesterday the transports and dow remain in that correction

cathie wood is missing out on the urine rally on wall street. -- missing out on the year end rally on wall street. the famous technology fund is now down 23%, heading for the worst annual performance since its inception in 2014. apple is said to have awarded unusual and significant stock bonuses to some engineers in a bid to retain talent. sources tell us the staff found out last week about the bonuses worth up to $180,000. they're being issued as stock units which vest over four years. let's take a look at markets, starting with the u.s., the s&p up after yesterday's rally. the naz net -- nasdaq down more than .5%. apple dragging the nasdaq lower. commodity related stocks the major driver on the golden dragon index. the two year yield up another five basis points from the front end of the curve. 10 year yield steady, crude oil continuing higher surging to $76 a barrel. australia and new zealand back online today after a break. this is bloomberg. >> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology." ♪ emily: i'

but even with ark down 22% year to date, cathie wood is bullish. she wrote on twitter, quote, in our view, fears of inflation will give way to confusion and fears of recession during the next three to six months if so, the rapid growth rates of truly innovative companies, many of their equities maligned this year, should be rewarded handsomely nilay, i want to start there with you because we did see cathie wood's ark innovation down 21% this year and one o the high fliers and the old economy with inflation and high inventories and low confidence so go with the truly innovative companies and she says that they're going to pay off in the next three to six months do you think that she's just hoping this time it's true or do you see that happening in the next couple quarters >> i do see it happening i think one of the biggest names especially in tech the way it is now is the way it is going to be forever. if you look at the big companies that we're going to talk about on the show, they didn't exist ten years ago. if you're playing long, thinking five t

yesterday i spoke with cathie wood she discussed why she is bull initial on the beaten names that were early pandemic winners. >> on days that the coronavirus or a variant is unsettling the market, the stay-at-home stocks will do well and then when the fears die down the stay-at-home stocks let down that is an algorithmic way to understand the world i don't think people understand how great the opportunities are until they work and we think they work big time >> a lot of talk from her yesterday about the algos. mark leeman joins us part of citizens financial group and covered that deal. good to have you sounds like you agree with cathie wood and investors miss the big picture on the stay-at-home names which ones would you suggest >> i do agree. thank you for that shout out on the citizens deal. that's brand new there are some names of the high multiple fast growing winners from the stay-at-home that have been equally afflicted this year i'll put peloton as one of those. down 70 plus percent from the peak and connected fitness and that product being the best in class is one that's far m