Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.
Sara Eisen joined CNBC in December 2013 as a correspondent, focusing on the global consumer. She is co-anchor of the 10AM ET hour of CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET), broadcast from Post 9 at the New York Stock Exchange.
In March 2018, Eisen was named co-anchor of CNBC’s “Power Lunch” (M-F, 1PM-3PM ET), which broadcasts from CNBC Global Headquarters in Englewood Cliffs, N.J.
He’s not letting the growing pains currently gripping the cryptocurrency market affect his bullish view.
“A lot of investors went to bitcoin first because it was the first way to access blockchain,” added Chiavarone. “Look, big banks are investing in this heavily. Bank of America boasted at Davos earlier this year that they’re investing the most.”
Not a Scientific Survey. Results may not total 100% due to rounding.
Chiavarone believes blockchain technology is valuable because it could potentially transform reconciliation, the action of verifying account balances in corporate America.
“It has an ability to replace reconciliation, which is expensive and requires back office and time and paperwork with more instantaneous verification,” he said.
“What that means is companies can have more efficient supply chains. They can cut their back and middle office costs,” Chiavarone said. “And, that will allow business to flow more efficiently and it’ll allow costs to be cut and net savings to be passed along.”