Was explaining to them you know the bank is just using that to lend it to exxon and in fact by you keeping the money in the bank youre doing a lot of damage that you say youre trying to fight against but they the respondent from the head of greenpeace was well nobody understands money you know we cant really incorporate that in our in our material or descriptive of what we do because its too confusing and same thing with certainly the democrats i mean the republicans have a reputation as knowing a little more about money than the democrats but the democrats are always very confusing and so Bernie Sanders is just out of a tradition hes talking about socialism which again is a its a its a model based on a in comprehensible. Non existant theory about money you know this is obviously a theme over and over on kais the report of the role of central banks. In sowing the chaos and discord that the democrats and their media keep on blaming on other nations so that cantillon effect which allows
Air force one was on the runway and that was our meeting our arrival here in las vegas saying air force one again weve seen a 2 or 3 times on our travels and its very impressive its a great prop when youre running for president and thats some of the all that what you have when you are president is the bully pulpit and thats going to weigh heavily in this 2020 election well in the nevada debates there was something that Bernie Sanders said on stage when he was you know going back and forth with mayor bloomberg when mayor bloomberg imploded on stage you know they were talking about billionaires and the problem with billionaires d and should billionaires exist i tweeted that i said is the u. S. Federal reserve bernie you cosponsored an audit the fed bill talk about the cantillon effect how did bloomberg go from a net worth of 3000000000. 20 to 60000000000. 00 in 2020 at least half of that gain in my opinion is from q. E. The problem is that nobody really knows anything about money its har
Angel funding. Those are the earliest and smallest rounds. You have series a, later funding of series b, and so on. Generally speaking, series a is still a small round, meant to fund a company for a year, possibly two. Ill give you some context. Zoom, a company we have had on the show, is worth 21 billion now. But its series a, the first round of venture funding, was 6 million. Six. Some kind of Silicon Valley record leading a series a round to a Company Called one pass for 200 million likely the biggest series a in history, the biggest investment the firm has made. One password seems like a promising country. It deals with password management and security. But 200 million . On the first round of Venture Capital . Arun joins the reporters this week. John schwartz of dow jones and katie roof who covers venture journal. One more bit of c this is seriet was 285 million. That was a series c. What are you doing investing 200 million, and you did it with some other investors as well, in a se
We bring you todays market moving news from around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to begin with china. The government has agreed to cut import tariffs on a wide range. F goods joining us is stephen engle. Break down what we know about the tariffs, why now, etc. Stephen this comes fresh after a trade one agreement a phase one trade agreement. A gesture, yes, to show its lowering trade barriers, but it also wants to spur domestic spending for those 859 products he mentioned, from smartphone parts to food, in particular, frozen pork. All of these products will enjoy lower tariffs, and it comes as china hosts a critical trilateral summit this week that has already kicked off in beijing between china and japan. South korea will also take part. Trade, territorial disputes, military maneuverings, of course, exacerbated by north thoses posturing, and all historical animosities still persist. So those talks should be welcome. Been korea
A ceo of ak to security firm. And lyft, peloton, all went public. We will have a recap of it all. Tesla shares said a new record high, 420. Elon musk claimed tesla would go private last year. Earlier today, he tweeted the stock price is so high, lol. Our bloomberg reporter. What is driving it for tesla this time around . Allrter the momentum is about china, taylor. One . 4t, tesla group billion from financing and local banks and much welcome cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month. Youll remember those vehicles are subject to a 25 import duty. If tesla can get that shanghai run up and running, they can offer vehicles that are more competitive priced, and the unit costs will be lower. They will be able to get deeper into the market in china. That is really where recent momentum has been driving the stock for tesla. Taylor i want to come and show a chart i am showing here inside my terminal. It i