Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we do to deserve this not wouldby not by me how long has it been, stimulus vaccine i guess the election, although we do
Because Network Effect has forced traditional financiers to change their tune on the digital currency. And this is black rocks, c i o, o of fixed income, he told c. N. N. B. B. C. Last friday. His name is rick reader, he said, big queen is here to stay while conceding, that he is not a big bowl reader, said the flagship currency will quote, take the place of gold to a large extent because it is so more functional than passing a bar of gold around, right . This is a remarkable statement because weve heard the argument that big coin is goal to point out that its a prayer to gold, but that has come from the internet from social media, from heterodox thinkers like ourselves. Its not come from a 7 trillion dollar managed fund like blackrock and were hearing it from other folks like Paul Tudor Jones stent arthur miller. And although theres 100. 00 trillion dollars out there looking for a home as part of a managed money environment, they are 7 percent of that 100 trillion dollars of only one
Joe biden turns to a war hawk, the, his secretary of state and the white house with establishment figures that trump relent and agree to cooperate on the transition. Even just on 7 oclock here in moscow, are you watching the international 95 percent effective . Thats the claim being made by the developers of the russian v. The assessment is based on the latest Clinical Data which shows to the drugs efficacy does increase with time. I discuss the news with r. T. Small degree is currently in phase 3 of his Clinical Trials and is going to last for at least 4 more months. But we already receive early interim results and they are quite impressive. The 2nd interim analysis of Clinical Trial data showed a 91. 4 percent efficacy for the sputnik the vaccine on day 28. 00 after the 1st dose vaccine efficacy is over 95 percent. 42 days after the 1st dose, the us based foreign giants, pfizer and there are also recently announced that their drug is almost 95 percent efficient, but they get all thei
A large extent because it is so more functional than passing a bar of gold around, but this is a remarkable statement because weve heard the argument that big calling his goal to point out that its a prayer to gold. But that has come from the internet from social media, from heterodox thinkers like ourselves. Its not come from a 7 trillion dollar managed fund like blackrock and were hearing it from other folks like Paul Tudor Jones stent arthur miller. And although theres 100. 00 trillion dollars out there looking for a home as part of a managed money environment, they are 7 percent of that 100 trillion dollars of only one or 2 or 3 percent of that money goes into bitcoin. That means the price triples overnight. So im going to ask you a question because i want to try to elicit an answer that you gave to me on the magical crypto conference in our special this weekend about black rock. I asked you about the fact that black rock is the Number One Company to reference your patent on virtua
I think that is a good question because you know, more and more billionaires around the world are getting into big queen and massive sort of Asset Management. Companies like black rock are getting into big so max keiser this week, you tweeted a serious bequests. Shortage is developing a supply on exchange, dries up prices will start gapping higher looking for sellers. What do you mean by this . Max guys are but a member of the peak oil or peak gold arguments that were running out of oil or are running out of gold. That of course, is not true, but in the case of bitcoin because it is absolutely scarce and because the demand is approaching infinity, we are potentially hitting peak bitcoin, where it will become increasingly impossible for the average mom and pop to acquire bitcoin. Because all the 900. 00 coins per day that are generated through mining will be sucked up by the institutions and will never hit the market. And of course, what does hit the market every single day is new, fres