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    $Tesla(TSLA.US)$ CEO Elon Musk said that "chief executive officer" is a "made-up title," speaking during an interview at The Wall Street Journal's CEO Council Summit.
    Elon Musk agreed in 2018 to step down as Tesla's chairman for three years as part of a settlement with the Securities and Exchange Commission. Instead, he crowned himself "Technoking of Tesla".
    He is repeatedly saying he doesn't want to be CEO and complaining at times about his workload. In fact, he said in January that he expected to run Tesla for several more years but that nobody should be CEO forever.
    "The sheer amount of work required to be CEO of Tesla is insane," he said at the time.
    Notably, he described himself as a "funny" person in the interview.
    "I do crack a lot of jokes, they don't all land," he said, "I am aspirational funny. I try to have a good sense of human at the office too."
    Mooers, did you ever believe any of Musk's "jokes," especially the ones he tweeted? Leave your story here!
    $Tesla(TSLA.US)$
    Source: Wall Street Journal
    Elon Musk calls CEO a "made-up title" and describes himself as a "funny" person
    5
    TDOC is one of the more beaten down covid stocks, that stills seems to have a good long term business model.
    It's recently gone from 150 a few weeks ago to 100 early Wed. From covid highs of 290 last year.
    I think even without a covid play this was in position for a break out.
    Volatility has been low and 2-3 week options are super cheap.
    If the stock doesn't run premarket thinking about making a big bet on opening. Any contrarians?
    $Teladoc Health(TDOC.US)$
    $Tesla(TSLA.US)$ slips more than 6% on Tuesday.
    Michael Burry suggested Elon Musk might want to sell some Tesla stock to cover his personal debts.
    Burry also made a subtle comparison between today's market and the Dutch tulip bubble.
    Musk recently offered to sell $6 billion worth of Tesla stock if UN bosses could explain to him how the sum would solve world hunger. The Tesla CEO also launched a Twitter poll asking whether he should sell 10% of his holdings, citing pressure from US lawmakers who are pushing for a "billionaire tax" that would target the ultra-wealthy's unrealized stock gains.
    Burry's tweet implies those might just be excuses. The investor of "The Big Short" fame and head of Scion Asset Management posted a link to a SEC filing in August, which noted that Musk has pledged about 88 million shares, or 36% of his total stake, as collateral for personal loans as of June 30.
    Click here to read more
    10
    By Danilo
    Hey, mooers! Here are things you need to know before the opening bell:
    - U.S. stock futures were slightly lower during early morning trading on Tuesday after the major averages closed at records, boosted by strength in infrastructure stocks.
    - The trading app Robinhood said the incident took place last week and that the breach has since been contained.
    Market Snapshot
    U.S. stock futures were slightly lower during early morning trading on Tuesday after the major averages closed at records, boosted by strength in infrastructure stocks.
    Futures contracts tied to the $Dow Jones Industrial Average(.DJI.US)$ dipped 21 points. $S&P 500 Index(.SPX.US)$ and $NASDAQ 100 Index(.NDX.US)$ futures traded in mildly positive territory.
    Market Temperature
    Read more: Market Temperature (11/09)
    Top News
    Fed officials flag high inflation and some warn of rate rises if pressure persists
    Several regional Federal Reserve Bank presidents said they expect today's high levels of inflation to cool, but some added that if they don't, the central bank might need to raise rates to help bring price pressures back in line.
    U.S. seizes $6.1 million in cryptocurrency in ransomware crackdown
    The retrieval comes alongside new sanctions that raise compliance questions for victim companies.
    Fed's randal quarles to resign at end of year
    The resignation will open up another seat for President Biden to fill on the central bank's seven-member board of governors.
    SEC names new board members to audit watchdog
    Erica Y. Williams, an attorney with Kirkland & Ellis, was appointed as chairwoman of the Public Company Accounting Oversight Board in SEC Chairman Gary Gensler's overhaul.
    AMC reports narrower loss as moviegoers return
    The chain reported nearly 40 million attendees during the latest quarter, compared with about 22 million in the June quarter, but CEO Adam Aron said $AMC Entertainment(AMC.US)$'s business still isn't where it needs to be.
    Robinhood hack exposes millions of customer names, email addresses
    The trading app said the incident took place last week and that the breach has since been contained. $Robinhood(HOOD.US)$
    Facebook documents accelerate EU push to regulate social media
    After a series of meetings with whistleblower Frances Haugen, European Union policy makers called to act quickly to toughen and enact measures in a bill that aims to impose tighter rules on tech platforms. $Meta Platforms(FB.US)$
    Read More
    Will the rise of US stocks continue in the next few months?
    Microsoft once again becomes the largest company in the world
    What if Bill Gates hadn't sold his Microsoft shares?
    Nvidia is now 24% above the average analyst target price
    Roblox soars as it reports that revenue doubled in Q3
    Key Events This Week
    Source: CNBC, Dow Jones Newswires, Bloomberg
    Before the Bell | Robinhood hack exposes customer names, email addresses
    Before the Bell | Robinhood hack exposes customer names, email addresses
    Before the Bell | Robinhood hack exposes customer names, email addresses
    +1
    5
    The launch of Bitcoin-futures ETFs was a watershed moment. But for crypto diehards, the Holy Grail remains a physically-backed product.
    Bitcoin is eating gold as fast as it can and will over the next two-to-three years replace all gold exchange-traded funds.
    - MicroStrategy Inc. Chief Executive Officer Michael Saylor.
    It will also emerge as the primary asset index for the Western world and will eventually replace $SPDR S&P 500 ETF(SPY.US)$, which is a $425 billion fund that tracks the equity index, Michael Saylor noted.
    To do that, you need the spot ETF, and once these spot ETFs roll, I think you'll see billions, then tens of billions, then hundreds of billions, then trillions of dollars flow into them.
    - said Saylor, who has invested his company's treasury in the digital currency.
    Two funds tracking Bitcoin futures started trading in October. The first, the $ProShares Bitcoin Strategy ETF(BITO.US)$, accumulated more than $1 billion in assets in just days, while the second, the $Valkyrie Bitcoin and Ether Strategy ETF(BTF.US)$, saw a quieter but still-vigorous reception. Their premieres built a lot of excitement about Wall Street acceptance toward crypto -- and help pave the way for further applications for similar products.
    FOLLOW ME to know more about ETFs
    PLZ leave your comments and likes below
    Nic Carter, general partner at Castle Island Ventures and co-founder of Coin Metrics, agrees that the futures-based product is "inferior." He says a spot-Bitcoin ETF would be "the hottest commodity ETF launch of all time, attracting probably well over $100 billion in assets within a month or so."
    Since the launch of the initial two funds, issuers hoping to capitalize on the momentum, have rushed to file for other similar or offshoot products. Some analysts anticipate thatmany more such applications could flood the system in the months to come, though regulators have thus far been hesitant around a few of them.
    Hester Peirce, a Republican member of the U.S. Securities and Exchange Commission, said the regulator has been public about why it’s rejected a spot product. “The reason is that the Bitcoin markets don’t look like our regulated securities markets,” she said at the summit Thursday. “The thing that regulators are most comfortable with is markets that look like our own.”
    Watch: U.S. Securities and Exchange Commissioner Hester Peirce talked to Bloomberg TV's Alix Steel about the regularoy outlook.
    As to what could push Bitcoin higher, Caitlin Long, founder and CEO of Avanti Bank & Trust, said the coin doesn’t need a catalyst. “All we care about is that it keeps on trucking,” she said. “At the end of the day, as long as the core Bitcoin blockchain is still adding blocks, then Bitcoin is just fine.”
    What is your opinion about bitcoin spot ETF? Do you prefer bitcoin spot ETF or bitcoin futures ETF ?
    Source: Bloomberg
    Opinion: Bitcoin bulls see 'trillions' of inflows when spot ETF wins approval
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