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Jan 17, 2024
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the s.e.c.'s agenda, unintended consequences for u.s. capital markets and investors. all members left five legislative days within to submit extraneous materials to the chair for inclusion in the record. i now recognize myself for 5 minutes to give an opening statement. i want to thank you for joining us today to examine the rulemaking process of the u.s. securities and exchange commission, the s.e.c. the. an institution central to upholding the integrity, trance parents, and stability of our nation's capital markets. the united states owes the world deepest and most liquid capital markets serving as a cornerstone of our economic growth and prosperity. these markets are already among the most heavily regulated sectors in our economy. this underscores the need for our regulators to exercise the utmost diligence in their rulemaking activities. interventions must narrowly addressed known market deficiencies without inadvertently causing harm or disruption. especially in times of economic stress and
the s.e.c.'s agenda, unintended consequences for u.s. capital markets and investors. all members left five legislative days within to submit extraneous materials to the chair for inclusion in the record. i now recognize myself for 5 minutes to give an opening statement. i want to thank you for joining us today to examine the rulemaking process of the u.s. securities and exchange commission, the s.e.c. the. an institution central to upholding the integrity, trance parents, and stability of our...
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Jan 9, 2024
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the s.e.c. appearing to send a tweet just after the market closed that said it granted approval for bitcoin etfs to list on all registered national securities. the x account saying today's approveal provides investors wih efficient access to digital asset investments. but minutes later, gentzler himself tweeted that the post was sent prematurely, saying, quote, the s.e.c. gove twitter account was compromised. the s.e.c. has not approved the listing and trading of spot bitcoin products. let's go to kate rooney with the very latest. >> hey, melissa. we did get that tweet, that x post by the s.e.c. official account, an s.e.c. spokesperson later emailing saying the s.e.c.'s account had been compromised, the unauthorized tweet regarding bitcoin etfs was not made by the s.e.c. or its staff. you mentioned gary gentzler. i just spoke to one of the issuers with anapplication out there, they said that they were in a bit of a panic mode, they said, they had not gotten any word from the s.e.c., there was so
the s.e.c. appearing to send a tweet just after the market closed that said it granted approval for bitcoin etfs to list on all registered national securities. the x account saying today's approveal provides investors wih efficient access to digital asset investments. but minutes later, gentzler himself tweeted that the post was sent prematurely, saying, quote, the s.e.c. gove twitter account was compromised. the s.e.c. has not approved the listing and trading of spot bitcoin products. let's go...
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Jan 10, 2024
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. >>> the s.e.c. said a post on the s.e.c. account that said bitcoin had been approved was a hack on the account. the chairman posted the s.e.c. twitter account was compromised and an unauthorized tweet was posted. the s.e.c. has not approved the listing and trading of the products. an official at x later posted it completed a preliminary investigation that found the compromise was not because of a breach of x's system but the unauthorized user obtained control over a foam number associated with the s.e.c. account and they did not have two-factor authentication enabled. this is why it was a pretty believable post. >> it's odd because, of course, gary gentzler has gone on twitter saying we had not approved it and i imagine we'll see a tweet later today saying we have approved it. >> but this wasn't the -- you don't think this is the one that's been written up by someone at the s.e.c. -- you know how an early obit gets released -- >> if that's the case, they have not been forthright. >> also saying it's an unauthorized person, i
. >>> the s.e.c. said a post on the s.e.c. account that said bitcoin had been approved was a hack on the account. the chairman posted the s.e.c. twitter account was compromised and an unauthorized tweet was posted. the s.e.c. has not approved the listing and trading of the products. an official at x later posted it completed a preliminary investigation that found the compromise was not because of a breach of x's system but the unauthorized user obtained control over a foam number...
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Jan 11, 2024
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my disappointment with the s.e.c.s that it has taken them five years to come to where the sister agency was able to get to. >> two years ago yesterday, the price of ethereum spiked on the back of the decision. and gary gensler said don't expect the flood gates to open for digital assets. we still think bitcoin is speculative. there is excitement and the industry is on tenterhooks. >> i'll go back to my own s experience. there was a tremendous movement in the cftc movement for green lighting ethereum futures. that did come 18 months later. i would be shocked if there is now a growing building of retail and institutional demand and the s.e.c. will have to deal with the growing demand for that product. >> i want to pick up on the point earlier. the conversations around the co-existence of bitcoin and u.s. dollar. that bitcoin is not a threat to the reserve krurcurrencies of t world. you are heavily involved in the projects around the digital dollar. how do we make a digital version of the u.s. dollars? many trials going
my disappointment with the s.e.c.s that it has taken them five years to come to where the sister agency was able to get to. >> two years ago yesterday, the price of ethereum spiked on the back of the decision. and gary gensler said don't expect the flood gates to open for digital assets. we still think bitcoin is speculative. there is excitement and the industry is on tenterhooks. >> i'll go back to my own s experience. there was a tremendous movement in the cftc movement for green...
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Jan 11, 2024
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the s.e.c. hasn't turned pro crypto.t could be pouring cold water over the etf thoughts about ethereum. i want to give you a view of what this means for the industry and prices going forward. i caught up with anthony scaramucci. >> because of the broader nature of ownership and the pushing of the wall street sales force, bitcoin will go through the all-time high. we see it as digital gold. if you look at the market capitalization of gold, there is no reason why bitcoin could not be 50% or 60% of the market cap. that implies a 10x price. could it be a double or plus more than a double by this time next year? i believe that. >> reporter: scaramucci's view is broadly that bitcoin will hit all-time highs thanks to the etf and the halving as well. frank. >> arjun kharpal claiming he went to bed early. i heard a lot of partying. thank you. we will still with bitcoin and joining me now is hunter horsley. hunter, good morning. great to have you here. >> thank you, frank. good to be with you. >> what do you think? obviously you a
the s.e.c. hasn't turned pro crypto.t could be pouring cold water over the etf thoughts about ethereum. i want to give you a view of what this means for the industry and prices going forward. i caught up with anthony scaramucci. >> because of the broader nature of ownership and the pushing of the wall street sales force, bitcoin will go through the all-time high. we see it as digital gold. if you look at the market capitalization of gold, there is no reason why bitcoin could not be 50% or...
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Jan 10, 2024
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. >>> the s.e.c.s investigating a fake post as investors await the fate of bitcoin etfs. >>> and hpe acquiring juniper networks for $14 billion. ceo antonio joins us later this hour. >>> let's begin with the markets this morning. we're sort of in a bit of a lull where the elements from conference season are beginning to fade. jpmorgan health care, of course, ces, icr, awaiting cpi tomorrow and the banks on friday. this chatter, sara, is largely about whether or not cpi nudges up a bit, takes us back to 3.3% year on year as far as consensus season. >> we know it's very important when you get the scenario analysis from the trading notes on wall street, and that's out right now. as long as cpi stays in line, which is 0.2 to 0.3%, say, on the headline of an increase, and i think the details matter as well, because we know the fed is watching core cpi, and that strips out food and energy, which is more volatile. and we want to see that year over year number below 4%. 4% is the sort of sticky, double the fe
. >>> the s.e.c.s investigating a fake post as investors await the fate of bitcoin etfs. >>> and hpe acquiring juniper networks for $14 billion. ceo antonio joins us later this hour. >>> let's begin with the markets this morning. we're sort of in a bit of a lull where the elements from conference season are beginning to fade. jpmorgan health care, of course, ces, icr, awaiting cpi tomorrow and the banks on friday. this chatter, sara, is largely about whether or not...
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Jan 16, 2024
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s.e.c.ad a post on the x account on tuesday, the 9th of january that said the bitcoin etf was approved and then said the account was compromised. the day after, they approved what they hadn't approved. they approved it on wednesday the 10th >> you realize, if you were a public u.s. company and that happened, the s.e.c. would be i investigating you the next day >> what do you make of that? >> i don't know. this is not the original conspiracy theory, but was the account could mpromised or did someone post something premature? did gary gensler lie if the u.s. s.e.c. was a public company, that transparency would be there and the irony of the s.e.c. demanding transparency from those that regulate and not providing transparency about its own activities shocking. >> x did say the s.e.c. account did have two-factor a authen authentication the phone number was come compromised. >> it is required by the s.e.c. by their policies. they were supposed to have it on >> the phone number was compromised as w
s.e.c.ad a post on the x account on tuesday, the 9th of january that said the bitcoin etf was approved and then said the account was compromised. the day after, they approved what they hadn't approved. they approved it on wednesday the 10th >> you realize, if you were a public u.s. company and that happened, the s.e.c. would be i investigating you the next day >> what do you make of that? >> i don't know. this is not the original conspiracy theory, but was the account could...
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Jan 10, 2024
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in a statement the s.e.c.uickly denouncing the post saying its account had been compromised and the unauthorized tweet was not made by the agency or its staff. it says based on its investigation, the compromise was not due to any breach of the internal system. social media is pointing to an unidentified individual who got control of a phone number associated with the s.e.c. account. >>> today is the deadline day for them to respond to a spot etf. it includes blackrock, grayscale, and wisdomtree. joining me is director sarah ku kuntz. great to have you here. right now i'm looking at bitcoin under pressure now. is this s.e.c., false tweet, is that at all a catalyst for that decline? >> i think it is a decline for the catalyst. you need that better security. that being said, you know, it's not great for the people who had shorts on bitcoin. they see it go up because of this false tweet and when it was confirmed to not be real, the people who have long options lost out. it's just another day in sort of the crazy c
in a statement the s.e.c.uickly denouncing the post saying its account had been compromised and the unauthorized tweet was not made by the agency or its staff. it says based on its investigation, the compromise was not due to any breach of the internal system. social media is pointing to an unidentified individual who got control of a phone number associated with the s.e.c. account. >>> today is the deadline day for them to respond to a spot etf. it includes blackrock, grayscale, and...
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Jan 11, 2024
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the s.e.c. approved the applications. the move overturned the decade of the regulator opposition to the idea. i'm not sure what this means when they finally say it's okay and we talked about it. maybe it is over. maybe all of the people who got in early are going to offload to the sheep who can get in. >> there are clearly people buying up in the last three months on the expectation of this. the question heis longer term. >> do hodlers ever sell? >> this is a historic moment. the first time the internet and wall street have had the healthy relationship. the first time they blinked. internet based asset and arms wrapped around it by wall street. now etf regulators are on board. the volatility will dampen from here. >> it could make the move to an andrew's currency. you don't want to buy a pizza for $25,000. there is too much volatility for it to be transactional. if it has no more volatility, maybe it turns into something. >> i say no more volatility, volatility dampens. bitcoin had a growth of 5
the s.e.c. approved the applications. the move overturned the decade of the regulator opposition to the idea. i'm not sure what this means when they finally say it's okay and we talked about it. maybe it is over. maybe all of the people who got in early are going to offload to the sheep who can get in. >> there are clearly people buying up in the last three months on the expectation of this. the question heis longer term. >> do hodlers ever sell? >> this is a historic moment....
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Jan 10, 2024
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the s.e.c. giving the green light to spot bitcoin etf's more than a decade after the first proposal. plus, stress in china's credit market showing signs of ebbing after companies unveil payment plans for maturing debt. annabelle: we have the open at the start of the day fairly flat. it is a staggered start so if you minutes to be fully online, but futures have been indicating some gains. tracking moves on the wall street session and it is the countdown to the u.s. inflation print due thursday. out of the sectors we are going to be tracking, pretty muted overall, one of the key ones will be in the materials space because it has been that five days slump we have seen in iron ore that has been interesting. around a 7% drop. we have seen all miners falling off the back. bhp seeing we care for another session. that is the state of play for aussie stocks as we come online again, fairly range bound at this point. what has not been range bound, let's take a look at this terminal chart. the sheer outperf
the s.e.c. giving the green light to spot bitcoin etf's more than a decade after the first proposal. plus, stress in china's credit market showing signs of ebbing after companies unveil payment plans for maturing debt. annabelle: we have the open at the start of the day fairly flat. it is a staggered start so if you minutes to be fully online, but futures have been indicating some gains. tracking moves on the wall street session and it is the countdown to the u.s. inflation print due thursday....
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Jan 11, 2024
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are you going to pick a fight with the s.e.c.bout any of those, try and make any of those spot etf's? michael: i think you know our business model pretty well and we are pretty transparent about it. we have a family of 17 different digital asset products that are each at one stage of a very prescribed lifecycle. gbtc is the first of those products to get to stage four and upload -- up list is a spot bitcoin etf. last year we filed for a spot at ethereum etf. we believe gbtc can pave the way for the rest of the product family to continue along that four-phase lifecycle. ultimately you will see from the grayscale family an entire suite of crypto-focused etf's. sonali: so if you want to see in a ethereum etf, how soon do you think something like that could happen? the s.e.c. was also clear this was just an approval for bitcoin-related etp's. in fact, they were critical about the crypto industry in their statement. michael: i do think one of the things we have to look at in how we got to this historic outcome was the fact the s.e.c.
are you going to pick a fight with the s.e.c.bout any of those, try and make any of those spot etf's? michael: i think you know our business model pretty well and we are pretty transparent about it. we have a family of 17 different digital asset products that are each at one stage of a very prescribed lifecycle. gbtc is the first of those products to get to stage four and upload -- up list is a spot bitcoin etf. last year we filed for a spot at ethereum etf. we believe gbtc can pave the way for...
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Jan 10, 2024
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bitcoin prices after the s.e.c. deleted a social media post saying the agency had approved spot bitcoin etfs. its account was compromised. the post came ahead of today's deadline as it's pending on one application with trading potentially beginning as soon as tomorrow in the event of an approval. arjun joins us from the crypto conference in sans marx. let me start off with your take on the developments in the s.e.c. yesterday. obviously very embarrassing for the s.e.c., but is it likely to derail the passage of the bitcoin etf? what are people telling you? >> at the moment they're bullish. two guests said it would make no sense at this point for the s.e.c. to reject application. there's not reallyny grounds for them to do so. but we're talking about crypto. anything is possible at this point as well. so there is still a lot of excitement around this etf. there's still hope in the day or coming days we'll get an approval of that from the s.e.c., and the reason there is so much excitement is because the etf or potenti
bitcoin prices after the s.e.c. deleted a social media post saying the agency had approved spot bitcoin etfs. its account was compromised. the post came ahead of today's deadline as it's pending on one application with trading potentially beginning as soon as tomorrow in the event of an approval. arjun joins us from the crypto conference in sans marx. let me start off with your take on the developments in the s.e.c. yesterday. obviously very embarrassing for the s.e.c., but is it likely to...
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Jan 23, 2024
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the s.e.c. saying the multifactor authentication was hacked in july. the investigation into the hack is ongoing. if you are not multifactor authenticating, you need to do so. they will send you a text message with a code every time or every 30 days. that is the only news you can use in the entire three hours. >> for my twitter account? >> we know. still do it. >> i'm not doing it. elon did not give me a blue check mark. >> you should still do it. >> every single time and you have to wait and press it and it goes? >> no, no. not every time. >> sometimes draftkings does that. i have to get it. it doesn't work right away. i have to go and remember the seven digits and type them in. no, andrew. for twitter? what difference does it make? >> you want somebody to pretend you are you? >> that's not what i'm saying. >> i need the symbol. >>> to a high profile departure from netflix. this could be significant. he will still get the movies. scott stuber is leaving in march to start a new company. he joined
the s.e.c. saying the multifactor authentication was hacked in july. the investigation into the hack is ongoing. if you are not multifactor authenticating, you need to do so. they will send you a text message with a code every time or every 30 days. that is the only news you can use in the entire three hours. >> for my twitter account? >> we know. still do it. >> i'm not doing it. elon did not give me a blue check mark. >> you should still do it. >> every single...
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Jan 11, 2024
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, the s.e.c.s making it official. regulator approves spot bitcoin etfs, including some which are s slated to begin trading today. it gives investors access to the largest cryptocurrency. the chair of the s.e.c., gary gensler, did say in a statement that the decision is neither an approval nor an endorsement of bitcoin itself. >> look, i think that gary -- another guy i knew -- >> you're on a first-name basis with everybody. >> chairman gensler, i think, wanted everything to have a little better decorum. i don't think he liked the way it was just a train coming in, and it couldn't be stopped. but there's just such broad support for it that even though he felt that there were particular decisions which said these are securities, he was over at -- he was overridden by events. even the cft in the end was not against this. there was a belief that this would be done offshore if not here. in the end, i'm saying it's a win, because the people want it. i mean, i've got, you know, access to more retail inve
, the s.e.c.s making it official. regulator approves spot bitcoin etfs, including some which are s slated to begin trading today. it gives investors access to the largest cryptocurrency. the chair of the s.e.c., gary gensler, did say in a statement that the decision is neither an approval nor an endorsement of bitcoin itself. >> look, i think that gary -- another guy i knew -- >> you're on a first-name basis with everybody. >> chairman gensler, i think, wanted everything to...
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Jan 12, 2024
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on wednesday, the s.e.c.ot bitcoin etfs, nearly $5 billion worth of shares across the etfs on one day. following that decision that some described as historic is s.e.c. chair gary gensler. chair gensler, we appreciate you being with us. let me start by asking you this, do you consider the decision historic and it appears that it is a decision you made either reluctantly or perhaps even begrudgingly. >> well, look, andrew, this has been considered for a long time, as you know, starting under chair clayton, we had disapproved a number of these over the years. and something had changed. i believe deeply in the rule of law and respect for the courts and taking a new court decision into consideration, we moved forward. i think this is the most sustainable path forward. >> so, it appears, though, from what you're saying, and reading through the decision as well, that what changed is not necessarily something inherent to crypto or bitcoin per se, but what changed was what the courts did. is that the way to think abo
on wednesday, the s.e.c.ot bitcoin etfs, nearly $5 billion worth of shares across the etfs on one day. following that decision that some described as historic is s.e.c. chair gary gensler. chair gensler, we appreciate you being with us. let me start by asking you this, do you consider the decision historic and it appears that it is a decision you made either reluctantly or perhaps even begrudgingly. >> well, look, andrew, this has been considered for a long time, as you know, starting...
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Jan 17, 2024
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we have a forum which s.e.c. as a matter fact actually chairs, and executive branch regulators for cybersecurity that are looking at exactly the same thing. how we can align and harmonize the different requirements to ensure that we, again, reduce the burden on the regulated and on the regulators, and really move the ecosystem of the latter in terms of providing a better, secure ecosystem overall. so, those are key things. another key piece that chris mentioned, which i would highlight, is the cybersecurity framework, and i would also highlight just the cybersecurity performance goals, which are aligned to that. the cybersecurity framework, i think we have recognized, it has become the de facto baseline that we really are all looking at, the federal government was required to adopt it across the different agencies, the private sector as largely looked at that as a great, you know, benchmark to be working towards. and then cisa has actually provided the social security performance goals that they have developed. t
we have a forum which s.e.c. as a matter fact actually chairs, and executive branch regulators for cybersecurity that are looking at exactly the same thing. how we can align and harmonize the different requirements to ensure that we, again, reduce the burden on the regulated and on the regulators, and really move the ecosystem of the latter in terms of providing a better, secure ecosystem overall. so, those are key things. another key piece that chris mentioned, which i would highlight, is the...
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Jan 10, 2024
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the s.e.c. has officially approved a wave of bitcoin etfs. the agency putting out a statement last hour saying 11 applications now have the green light to trade here in the u.s. you've got some of the largest asset managers in the world on that list, blackrock and fidelity on the list of etf sponsors, grayscale and kathy woods' ark. these are set to start trading tomorrow on cboe, the nasdaq, and the new york stock exchange. not much fanfare. and the same breath as approving the funds, he highlights the risks that still abound in crypto markets, saying essentially buyer beware. he says while we approved the listing and trading of these shares today, we did not approve or endorse bitcoin. investors should remain cautious, he said, about the myriad risks associated with bit cown and products whose value is tied to crypto. one person described this approval as the worst kept secret on wall street. you could see the price runup in the last couple of months here. still very much a milestone, though,
the s.e.c. has officially approved a wave of bitcoin etfs. the agency putting out a statement last hour saying 11 applications now have the green light to trade here in the u.s. you've got some of the largest asset managers in the world on that list, blackrock and fidelity on the list of etf sponsors, grayscale and kathy woods' ark. these are set to start trading tomorrow on cboe, the nasdaq, and the new york stock exchange. not much fanfare. and the same breath as approving the funds, he...
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Jan 10, 2024
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from the moment we saw the fake post by the s.e.c.saw bitcoin shoot up to about 48,000 almost. since then it has been less than 46,000. and it has had a tremendous rise up to this point. now, if there are billions that pour into bitcoin e.t.f., you do have a bit of a self-fulfilling cycle here. does that attract more assets? because you see so much exciting price movement in bitcoin. there's also bitcoin later, in the coming months, in the coming weeks does, that draw more interest into bitcoin? without that kind of inflow into the industry, then i don't know how you can sustain this grand amount of e.t.f. issuers that are playing in the space, not to mention some of the issuers are already thinking about products, think ripple based e.t.f. alix: buy the rumor, sell the news, if that's how that winds up shaking out. how long -- when you talk to asset managers and institutional investors, etc., how long are they giving it to see what's successful? >> there are a few people that are racing to the gate on day one, but you have to remembe
from the moment we saw the fake post by the s.e.c.saw bitcoin shoot up to about 48,000 almost. since then it has been less than 46,000. and it has had a tremendous rise up to this point. now, if there are billions that pour into bitcoin e.t.f., you do have a bit of a self-fulfilling cycle here. does that attract more assets? because you see so much exciting price movement in bitcoin. there's also bitcoin later, in the coming months, in the coming weeks does, that draw more interest into...
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Jan 8, 2024
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we have not yet seen the approval by the s.e.c.t is expected by january 10, two days from now. amber: it is amazing it is already erased to the bottom and the funds are not even out. it poses a lot of questions about the funds already out there charging more. there was mention of grayscale has higher fees. canada was the first mover, but those have a fee of north of 1%. sonali: we are also seeing normal stocks barrel higher. the s&p 500 near a session high on the day. it's up now almost 1%, more than .8% higher on the day. the tech heavy indices are rising even higher. it is also on the back of a cooling in yields by a little bit. we are just under 4% on the 10 year yield. that is comfortably higher than the mark at the end of last week. keep an eye on the markets. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. >> and the leap again. liv
we have not yet seen the approval by the s.e.c.t is expected by january 10, two days from now. amber: it is amazing it is already erased to the bottom and the funds are not even out. it poses a lot of questions about the funds already out there charging more. there was mention of grayscale has higher fees. canada was the first mover, but those have a fee of north of 1%. sonali: we are also seeing normal stocks barrel higher. the s&p 500 near a session high on the day. it's up now almost 1%,...
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Jan 9, 2024
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i will tell you, the s.e.c. in georgia, paul, alabama fans were louder. the team was more fired up. they wanted it more. you could just tell, they wanted it more. there was a bizarre flatness at the rose bowl. michigan fans were, as you know, you were there, i was there, they were cheering louder. michigan team seemed to want it more. we still should have won. we were ahead in the fourth quarter. but i'm telling you, it was like we were playing an ann arbor. it was a reverse of what happened at the s.e.c. championship. there was a strange flatness to that alabama team. can you give us some insights on what happened there? >> joe, alabama expected the win. it's a combination of no respect for the big ten and no respect for michigan. it happened nine years ago. remember being in new orleans for the ohio state game, the first year of the playoffs? >> oh, yeah. >> i couldn't find any alabama fans. i finally found one and said, "where is everybody?" he said, "they skipped this game. they're going to dallas for the ch
i will tell you, the s.e.c. in georgia, paul, alabama fans were louder. the team was more fired up. they wanted it more. you could just tell, they wanted it more. there was a bizarre flatness at the rose bowl. michigan fans were, as you know, you were there, i was there, they were cheering louder. michigan team seemed to want it more. we still should have won. we were ahead in the fourth quarter. but i'm telling you, it was like we were playing an ann arbor. it was a reverse of what happened at...
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Jan 17, 2024
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there can't be these mechanisms that make it unfair, but over decades, the s.e.c.ates that stuff. when there's some new digital breakthrough where people are using quasi-surveillance or other measures to do what amounts to insider trading, the s.e.c. sits down and figures out whether that's fair or not. we don't have congress try to make a new law every other year to rewrite securities laws, and i guess the question is, if they go far enough against this, is that the only alternative? that doesn't seem possible. >>, so you're exactly right. in most cases, congress can't see around corners. they can't see what's coming in the distance, in many cases, the people who we've elected to congress don't have the expertise to regulate in some of these areas where technology is really advanced and you need specialized expertise in order to regulate properly. so, this means that we could have a situation where we're allowing untutored, nonexperts to make this kind of policy, but i think more realistically, what's going to happen here is that rather than agencies making these
there can't be these mechanisms that make it unfair, but over decades, the s.e.c.ates that stuff. when there's some new digital breakthrough where people are using quasi-surveillance or other measures to do what amounts to insider trading, the s.e.c. sits down and figures out whether that's fair or not. we don't have congress try to make a new law every other year to rewrite securities laws, and i guess the question is, if they go far enough against this, is that the only alternative? that...
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Jan 23, 2024
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the person who accesses the s.e.c.fake post claiming the agency approved the first ever spot bitcoin etf which moved crypto markets. >>> we are watching shares of archer-daniels midland this morning after falling 24% in yesterday's session. they are up 1% in the pre-market right now. that was the most on record yesterday and that drop was coming after the company revealed it was placing its cfo on administrative leave as it investigaties accounting practices. >>> adm is re vvealing it is cutting the fourth quarter properties. senator bernie sanders going after outrageous pay for ceos. sanders and others introduced legislation that would raise taxes on the companies that pay chief executives 50 times more than the typical worker salary. the lawmakers argue the bill could impact some of the country's biggest companies is needed to fight corporate greed. frank. >> silvana, thank you. >>> coming up on "worldwide exchange," united airlines shaking off turbulence tied to boeing's woes. >>> the u.s. and uk are carrying out fr
the person who accesses the s.e.c.fake post claiming the agency approved the first ever spot bitcoin etf which moved crypto markets. >>> we are watching shares of archer-daniels midland this morning after falling 24% in yesterday's session. they are up 1% in the pre-market right now. that was the most on record yesterday and that drop was coming after the company revealed it was placing its cfo on administrative leave as it investigaties accounting practices. >>> adm is re...
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Jan 8, 2024
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look, i credit the s.e.c. for where they are. what -- where are we w?ow what the cost is. they need to know about the underlying bitcoin market. is the bitcoin underlying trading market something that is what i would say is robust enough, efficacious enough where you can rely on it? it is much better today than it was five years ago. five years ago, there was laddering, there was all sorts of hithings that you wouldn't wt to make available to the general public because of that risk, and the last thing -- and i think this is missed, is technology to actually provide the product. the custodying, create the redeem. this is a big step, not just for bitcoin but for finance generally, if you can digitize, tokenize underlying assets and trade that way, that's a potential significant change across finance, not just in the, you know, crypto space. >> but you think bitcoin etf approval is coming and imminent as well? >> yeah, i do. i could be wrong, but that's what i think. >> okay. your opinion matters, former s.e.c. chairman. >> i don't like what's happening. a
look, i credit the s.e.c. for where they are. what -- where are we w?ow what the cost is. they need to know about the underlying bitcoin market. is the bitcoin underlying trading market something that is what i would say is robust enough, efficacious enough where you can rely on it? it is much better today than it was five years ago. five years ago, there was laddering, there was all sorts of hithings that you wouldn't wt to make available to the general public because of that risk, and the...
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Jan 10, 2024
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the s.e.c. awaiting for a whole raft of it.t's turning to four areas, fees, how competitive it's going to be. how it might trade relative to bitcoin and futures. number three, how much inflows will they attract and finally are institutions into the game? we've got close to a dozen applicants. the fis have to be very competitive. they're changing every day. several including kathy woods ark invest, and galaxy, they're charging zero percent, zero. grayscale at 1.5% down from 2%. it's very, very competitive right now. one of the big questions whether a spot bitcoin etf will attract futures. it's some concern the etf to trade to bitcoin. obviously if that happens to a strong degree that could create a backlash. bitcoin etf futures tell me that will track. the futures market has been around a while. regulating and relative mature. another issue whether the bitcoin etfs will trade to a premium or net discount on asset basis. this is a very liquid product. and premiums will be small and get smaller over time. again, that's something t
the s.e.c. awaiting for a whole raft of it.t's turning to four areas, fees, how competitive it's going to be. how it might trade relative to bitcoin and futures. number three, how much inflows will they attract and finally are institutions into the game? we've got close to a dozen applicants. the fis have to be very competitive. they're changing every day. several including kathy woods ark invest, and galaxy, they're charging zero percent, zero. grayscale at 1.5% down from 2%. it's very, very...
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Jan 25, 2024
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lying to the s.e.c. and lying to the investors. that's conduct that will not be tolerated by anyone. >> so ultimately a decision is made not to prosecute her for insider trading. >> martha stewart is being prosecuted not because of who she is but because of what she did. >> joining us now you saw him in the clip, allen chernoff who covered martha stewart for years. i was struck by how young we all were but i won't get into that. >> me too. >> i was struck by james comey. that was part of her fall and she has shot back up given, risen back up again. but tell me about why that case got so much attention? >> stories don't get better than this when you're a news reporter. the martha stewart case is really a modern day greek tragedy. here you had the goddess of domestic perfection, she could cook, bake, style, everything was perfect, she was the model for not just the united states, america, almost the world, world famous. just famous beyond belief. and then, she had this downfall. what was her tragic flaw? because in a greek tragedy yo
lying to the s.e.c. and lying to the investors. that's conduct that will not be tolerated by anyone. >> so ultimately a decision is made not to prosecute her for insider trading. >> martha stewart is being prosecuted not because of who she is but because of what she did. >> joining us now you saw him in the clip, allen chernoff who covered martha stewart for years. i was struck by how young we all were but i won't get into that. >> me too. >> i was struck by james...
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Jan 4, 2024
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there are 14 companies hoping to win s.e.c. approval for the spot coin etf. the s.e.c.s expected to announce by january 10th, whether it will approve a fund from ark and 21 shares. >> a lot to consider. bitcoin with a big year last year. we will see if it continues. silvana, thank you. >>> turning attention now back to the market. the markets struggle in the new year. the s&p performance in january sets the stage for the rest of the year and now hoping for a turn around in the weeks ahead. a number of factors to include uncertainty with rate cuts and economic growth and inflation. let's talk more about this with kevin carron at washington advisers. h happy new year. >> happy new year to you. >> do you see pthe potential fo the market with the rates expected? >> we have a potential for a rally. it will be different from what we saw last year rates matter a lot. you don't have earnings growing fast. the expectation for the s&p is percolating higher, but they are not galloping away. the rally that we saw coming into the holiday season was fueled by a change in interest rat
there are 14 companies hoping to win s.e.c. approval for the spot coin etf. the s.e.c.s expected to announce by january 10th, whether it will approve a fund from ark and 21 shares. >> a lot to consider. bitcoin with a big year last year. we will see if it continues. silvana, thank you. >>> turning attention now back to the market. the markets struggle in the new year. the s&p performance in january sets the stage for the rest of the year and now hoping for a turn around in...
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Jan 4, 2024
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i was trying to get involved with in archaeologist s.e.c.. this is disturbing for any evidence. we have in front of us, is a different action. at the base, there's also a different port in the tree that has different remnants. also, a large rock in the basin. this tree was pointed out as being the tree to honor. it was a shelter against that line. >> we need this project. we were trying to verify this archaeology plea. this was also part of the george donner camp. this was back in the 1880s. about 110 years or so ago. they had believed in this cultural landmark, all these different accounts. >> this is all recognizable. they were trying to look at the gold rush. they had different souvenirs. they don't have much contact. you can notice that they didn't think it would work well. they were right here, trying to do the night ride. >> right now, we are looking at these last couple of buckets. >> the artifacts that we have seen here, they are lovely. these are from the several thousand years. so far, we are looking at these excavations. a lot of these are going to be part of it. >> y
i was trying to get involved with in archaeologist s.e.c.. this is disturbing for any evidence. we have in front of us, is a different action. at the base, there's also a different port in the tree that has different remnants. also, a large rock in the basin. this tree was pointed out as being the tree to honor. it was a shelter against that line. >> we need this project. we were trying to verify this archaeology plea. this was also part of the george donner camp. this was back in the...
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Jan 26, 2024
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the federal authorities. >> this criminal case is about lying, about lying to the fbi, lying to the s.e.c to investors. that is conduct that will not be tolerated by anyone. >> so o ultimatelyly a decisiois made n not to prososecute her criminally for insider trading, and only charged with the obstruction of justice and false statements. >> martha stewart is being prosecuted not because of who she is, but because of what she did. >> what a face to see. be sure to tune in, because of this new original series from cnn, the many lives of martha stewart will premiere this sunday at nine pm only on cnn. i'm kaitlan collins, thank you so much for joining us tonight here on the source.
the federal authorities. >> this criminal case is about lying, about lying to the fbi, lying to the s.e.c to investors. that is conduct that will not be tolerated by anyone. >> so o ultimatelyly a decisiois made n not to prososecute her criminally for insider trading, and only charged with the obstruction of justice and false statements. >> martha stewart is being prosecuted not because of who she is, but because of what she did. >> what a face to see. be sure to tune...
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Jan 5, 2024
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there's a 19b-4 filing, where the exchanges have to file with the s.e.c.e trading. nyse, nasdaq is involved in negotiations about how this product is going to work. then the normal s-1 filing. everyone with a new security has to file an s-1 that describes what the security is, who's running it, that's normal. this a two-track process. we don't know how it's going to work. the industry is hoping that they will approve the 19b-4 filings and the s-1s at the same time. we don't know if that's going to happen. they may approve the 19b-4 and only approve some of the s-1s saying they don't like the application process. we just don't know. we're expecting something as early as this weekend, but likely monday or tuesday here. the important thing is remember, guys, they have all sorts of gains going on with the s.e.c. and legal issues. there's the fee structure. a lot of people interested in this. people will put a lot of money into this. ark/21, 8 basis points, fidelity is 39. invesco at 0.59. they'll waive that for the first $5 billion in assets. as for bitcoin it
there's a 19b-4 filing, where the exchanges have to file with the s.e.c.e trading. nyse, nasdaq is involved in negotiations about how this product is going to work. then the normal s-1 filing. everyone with a new security has to file an s-1 that describes what the security is, who's running it, that's normal. this a two-track process. we don't know how it's going to work. the industry is hoping that they will approve the 19b-4 filings and the s-1s at the same time. we don't know if that's going...
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Jan 22, 2024
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it's part of the new s.e.c. rules.to disclose it. this is extended to november, actually came out last week. this is why the security industry, and the -- how important this move is from the back room into the boardroom. because of this personal liability, because it what happened with the s.e.c.'s mandates. it's actually critical to make sure that organizations can protect themselves by identifying events like this, or an incident before it becomes a massive breach in a short period of time. >> let me play devils advocate. i am microsoft, i'm doing this interview. kramer is so in love with crowdstrike. just completely strides. i'll ask you a question. have you stopped midnight blizzard? >> we have stopped midnight blizzard. we call it cozy bear. this is one of those areas where, again, this is a very determined adversary. we have seen cozy bear in a lot of different accounts. the thing that makes them so difficult is the lowest low, the way that they operate. if you look at the campaigns that have taken place over the
it's part of the new s.e.c. rules.to disclose it. this is extended to november, actually came out last week. this is why the security industry, and the -- how important this move is from the back room into the boardroom. because of this personal liability, because it what happened with the s.e.c.'s mandates. it's actually critical to make sure that organizations can protect themselves by identifying events like this, or an incident before it becomes a massive breach in a short period of time....
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Jan 11, 2024
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you how did these funds get up and running so quickly post s.e.c.tly accumulates what the dakota say 30 billion in assets? >> that's a particular example with gray scale because they are already running this publicly traded gray scale bitcoin trust. it had that for years, they had about 28 billion dollars in assets. they did what's known as an uplift. they converted that bitcoin trust into an etf. that's how they were able to gain the momentum. others are trying to catch, up but they did some seed investing basically where they got money from private investors before they launched this, so they were able to accumulate billions of dollars ahead of these launches, blackrock's a good example where they were able to raise money ahead of, this but a lot of the back and infrastructure kind of boring stuff that we don't normally talk, about it when it is -- happen over months and months like the authorized purchase -- they have been preparing for this knowing that this was one of the worst kept secrets on wall street. someone described to me the other day.
you how did these funds get up and running so quickly post s.e.c.tly accumulates what the dakota say 30 billion in assets? >> that's a particular example with gray scale because they are already running this publicly traded gray scale bitcoin trust. it had that for years, they had about 28 billion dollars in assets. they did what's known as an uplift. they converted that bitcoin trust into an etf. that's how they were able to gain the momentum. others are trying to catch, up but they did...
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Jan 24, 2024
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. >>> bitcoin is down about 20% from its recent high of $49,000, following the s.e.c.'s approval of spot etfs roughly two weeks ago. who figured? prices hovering near the lowest level in two months, trying to stay above $40,000 those new spot etfs have seen positive net inflows since their launch you expect that, i guess, according to fund strat. black rock and fidelity's product leading by far but investors have cashed out more than $3 billion from the gray scale bitcoin trust since its conversion to a spot etf for more on the state of spot bitcoin etfs, we're joined by cynthia and our own kate rooney. kate, the floor is yours >> thank you very much cynthia, great to see you. we're excited to hear from you today on this. i want to kick off with how investors are differentiating between these etfs on the surface. a lot of people they look the same how are people distinguishing between what fidelity is offering and what others are doing? >> first of all, thank you so much for having me today we are really pleased with the market reception for these products, and what we
. >>> bitcoin is down about 20% from its recent high of $49,000, following the s.e.c.'s approval of spot etfs roughly two weeks ago. who figured? prices hovering near the lowest level in two months, trying to stay above $40,000 those new spot etfs have seen positive net inflows since their launch you expect that, i guess, according to fund strat. black rock and fidelity's product leading by far but investors have cashed out more than $3 billion from the gray scale bitcoin trust since...
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Jan 10, 2024
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were broken into, somebody had broken into the s.e.c.tor. they didn't have it. >> andrew, you know, it worries me that s.e.c. doesn't have two-factor. let's put that aside. i'm going speak here for the idiots of america, for whom i am one, bitcoin was going to be internet. bitcoin was consigned to the dust bin of history. is bitcoin back, are we going to have another surge in the bitcoin world? >> you know, in the short term probably not. there's a massive surge in the price. and that's been the expectation there could be this etf to invest, make it a much easier access point. the question is not whether bitcoin is going to become a currency, the question is, is it digital gold? that you would have as an asset. here in the united states we don't need to use it in the same way, where countries there's massive inflation people use it. questions about a longer term basis how it works and whether it's back. i'd argue right now it's back to some level, the question is, what does it become. >> you're right about that pizza thing, i tried it. i
were broken into, somebody had broken into the s.e.c.tor. they didn't have it. >> andrew, you know, it worries me that s.e.c. doesn't have two-factor. let's put that aside. i'm going speak here for the idiots of america, for whom i am one, bitcoin was going to be internet. bitcoin was consigned to the dust bin of history. is bitcoin back, are we going to have another surge in the bitcoin world? >> you know, in the short term probably not. there's a massive surge in the price. and...
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Jan 11, 2024
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notice i didn't say the s.e.c. approved an etf. as you might have heard otherwise. this was a trust, not a product, it's a trust that issues shares then holds bitcoin. unlike etfs these trusts own a commodity, not a security. that means investors in these non-exchange traded funds don't get the benefit of what's known as the investment company act of 1940, or the 40 act, and that protects shareholders from a conflict of interest by the issuers. that's not good. i think you want the most protection possible when you're investing in something like this. and you want it to be like an etf, not an etp. might not matter to you now but it sure would if it turns out that the exchange traded product doesn't do what it's supposed to do with your money. i only care about this because so many people take that kind of protection for granted. after the disastrous experience crypto traders have with the products offered by convicted fraud sam bankman-fried. believe me, that extra protection would have been worried, i wish they'd gotten it. usually you see a sell-off after the laun
notice i didn't say the s.e.c. approved an etf. as you might have heard otherwise. this was a trust, not a product, it's a trust that issues shares then holds bitcoin. unlike etfs these trusts own a commodity, not a security. that means investors in these non-exchange traded funds don't get the benefit of what's known as the investment company act of 1940, or the 40 act, and that protects shareholders from a conflict of interest by the issuers. that's not good. i think you want the most...
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Jan 22, 2024
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>> s.e.c.into the accounting practices of one food processor and a cancer drug trial did not go as planned. we've got the details next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. >>> we have to spend ten adults or so to go before the closing bell. let's get back to kristina partsinevelos with the stop she is watching. kristina? >> let start wi
>> s.e.c.into the accounting practices of one food processor and a cancer drug trial did not go as planned. we've got the details next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says...
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Jan 23, 2024
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on monday the s.e.c.sims swat attack was breached resulting in a fake post claiming the agency spotted bitcoin etfs. a spokesperson says two days after that hack the agency determined that a third-party gained control of the cellphone number associated with the account, launching a sims swap attack. that's when a phone number is transferred to another device without the owner's permission. >>> how about a date night at applebee's? they offered a limited number of $200 date nights on monday. it gives a $30 discount on food and nonalcoholic drinks for 52 weekly meals. they sold out in just one minute. that's your "cbs moneywatch" for this tuesday morning. i'm shanelle kaul, cbs news, new york. >>> up next, a blizzard of controversy, how actor reese witherspoon causes an uproar on social media after a snowstorm. social media after a snowstorm. dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones when your gut is out of balance, yo
on monday the s.e.c.sims swat attack was breached resulting in a fake post claiming the agency spotted bitcoin etfs. a spokesperson says two days after that hack the agency determined that a third-party gained control of the cellphone number associated with the account, launching a sims swap attack. that's when a phone number is transferred to another device without the owner's permission. >>> how about a date night at applebee's? they offered a limited number of $200 date nights on...
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Jan 22, 2024
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when s.e.c. spent more than a year below performance high and breaks to a new one.hot every time. better than average returns. better frequency of gains. what, of course, you had happen in here was 500 basis points of fed tightening, a massive generational inflation shock. ten year treasury yields went from 1 poun 5 back to 5 and now closer to 4. a lot going on there. this breakout here, s&p 500 definitely has been flattened by bigger tech stocks. look at equal-weighted s&p 500, a great run to finish 2023. a one-year chart. just the past year. at these levels basically early february then july. still doesn't seem like you've completely given back a lot of that fourth quarter rally. ho hang in there. capitalizing on general economic news, better than expected retail sales, jobless claims, things like that and not hinge everything whether there's a march rate cut. odd came down substantially the last few weeks pcht in terms of the big winners driving things. look at nvidia compared to the nasdaq 100. only a six-month chart. up -- wasn't able to pull it up. trust me on
when s.e.c. spent more than a year below performance high and breaks to a new one.hot every time. better than average returns. better frequency of gains. what, of course, you had happen in here was 500 basis points of fed tightening, a massive generational inflation shock. ten year treasury yields went from 1 poun 5 back to 5 and now closer to 4. a lot going on there. this breakout here, s&p 500 definitely has been flattened by bigger tech stocks. look at equal-weighted s&p 500, a great...
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Jan 31, 2024
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the president reaffirmed the role of ntia and the s.e.c. in managing the nation's spectrum resources and directed ntia to develop a national spectrum strategy by the end of the year. ntia has already released a strategy and is now seeking comments on how to implement it and these actions are important to support and enhancing how we manage this critical natural resource and will help strengthen america's technological leadership. finally ntia plays an important role in public safety communication for managing next generation 911 grants to first net and to support first responder work at the institute for telecommunication sciences. ntia remains at the forefront of ensuring the public and the law enforcement agencies have a modern and reliable communications network. so i know you do a lot but i think people are not aware how much you actually do. we have a lot to discuss today and i welcome administrator davidson back to the committee and look forward to his testimony, and healed back, chairman. >> thank you very much, the gentleman yields
the president reaffirmed the role of ntia and the s.e.c. in managing the nation's spectrum resources and directed ntia to develop a national spectrum strategy by the end of the year. ntia has already released a strategy and is now seeking comments on how to implement it and these actions are important to support and enhancing how we manage this critical natural resource and will help strengthen america's technological leadership. finally ntia plays an important role in public safety...
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Jan 7, 2024
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specifically is prevented from talking about the medical issues of any of their personnel, including the s.e.c. def due to hippa requirements which require specific privacy and disclosures. while secretary austin said he'll try to do better in the press releases, he also said and i'll emphasize this, this was his personal medical issue and he took full responsibility for ' disclosure digs. so i admire him for that. he has multiple deputies he trusts to continue the actions of the department while he's away. and he's on a pretty tight schedule in both the wars in ukraine and israel over the last couple months. i give him a little grace on this. >> and obviously, we don't know the details yet. when we get those details, we'll know more at that point. but let's jump into the news. the secretary of state antony blinken is back in the states trying to prevent this from becoming a widening conflict. you called this a tinder box. are you seeing signs of this broadening? in a way that is concerning? >> yeah. i did call it a tinder box a couple days ago. it's been concerning for me since the very begin
specifically is prevented from talking about the medical issues of any of their personnel, including the s.e.c. def due to hippa requirements which require specific privacy and disclosures. while secretary austin said he'll try to do better in the press releases, he also said and i'll emphasize this, this was his personal medical issue and he took full responsibility for ' disclosure digs. so i admire him for that. he has multiple deputies he trusts to continue the actions of the department...
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Jan 4, 2024
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s.e.c. the multi-strengths and some of them did well.h potential consolidation in the space? what's that is something that a lot of people are talking about and it is on the minds of a lot of people. there was this grab for talent. it largely includes snapping up other terms. industry experts tell us this may not be the first attempt at consolidation. i would say discovery but a pretty striking return. to your point earlier, if you invest in stock market, you would have done better get a lot of them are making a high watermark. >> thank you for your time. certainly a very interesting year in active management. tomorrow we will have a qr principal jordan brooks at 1:00 p.m. eastern to talk about this very volatile market. stick with us on bloomberg television. slightly green on the day. this is bloomberg. ♪ romaine: awake for that jobs report. live in a dark studio, i am romaine bostick. scarlet: and i am scarlet fu. the s&p 500 clawing its way back, clinging onto its first gain of the new year. do we have the screen up? it is on track to
s.e.c. the multi-strengths and some of them did well.h potential consolidation in the space? what's that is something that a lot of people are talking about and it is on the minds of a lot of people. there was this grab for talent. it largely includes snapping up other terms. industry experts tell us this may not be the first attempt at consolidation. i would say discovery but a pretty striking return. to your point earlier, if you invest in stock market, you would have done better get a lot of...
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Jan 17, 2024
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the s.e.c. improved these stress-related products. this is ahead of the company. this is not the endorsement or the company, or the government saying it. they were trying to issue last wednesday. it's clear that they were tidier. they had not approved more than 20 previous callings from the past, but they were trying to look at the judge that has ruled against them. the court put it aside. they were trying to track it out. they were basically forced to reconsider. should we care that they didn't want to do this? is this a different point from the court order? they were never big fans anyways. i should care whether or not they were happy about this. i still think it is important to stress that everything has power. everyone needs to stop this. i'm not against these new vehicles. i thought they had done it. at this point, bitcoin has been around for 15 years. i do want to stop anyone from speculating. how do they stop there research? that's not my problem. in the end, i felt a lot like a long time bitcoin supervisor and supporter. there's no one apathetic about the
the s.e.c. improved these stress-related products. this is ahead of the company. this is not the endorsement or the company, or the government saying it. they were trying to issue last wednesday. it's clear that they were tidier. they had not approved more than 20 previous callings from the past, but they were trying to look at the judge that has ruled against them. the court put it aside. they were trying to track it out. they were basically forced to reconsider. should we care that they...
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Jan 30, 2024
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. >>> the doj and s.e.c. announcing charges to a nearly $2 billion crypto fraud.the three people cha charged falsely claimed the investors in hyper fund would receive substantial returns paid from crypto mining operations that did not exist. >>> openai announcing it is teaming up with the non-profit common sense media on the push to help teens understand how to use a.i. in a safe manner. openai has been looking for a review system for parents to better understand a.i. risk and benefits. openai's goodwill tour is happening across a growing wave of content use and one from the new york times. something that satya nadella weighed in while speaking withes lester holt. >> i want to ask about the lawsuit from "the new york t times" gets openai and using their content to train a.i. i know it is a legal open case and you can only say so much about it. it does open up a thought about where this information comes from and who benefits. >> i think one of the things that will be very important is what is the copyright protection as well as what is fair use in a world where th
. >>> the doj and s.e.c. announcing charges to a nearly $2 billion crypto fraud.the three people cha charged falsely claimed the investors in hyper fund would receive substantial returns paid from crypto mining operations that did not exist. >>> openai announcing it is teaming up with the non-profit common sense media on the push to help teens understand how to use a.i. in a safe manner. openai has been looking for a review system for parents to better understand a.i. risk and...
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Jan 18, 2024
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earnings numbers because the application to list on the new york stock exchange is still in front of the s.e.clease earnings and full year guidance late in march. the executive team is really eager, frank, for the public listing. they said on the call they want to make the company more accessible to u.s. investors they are tired of draftkings getting name dropped in coverage >> we hear a bit about draftkings flutter has a number one market share. that is surprising for a foreign company. what is driving the strength >> fanduel has had number one market share for a long, long time by 20% margin, give or take. fanduel and draftkings tied up80% of the market share. that shifts somewhat draftkings had a surge in the third quarter. fanduel says that they have this flywheel where the promotions drive the customers and the customers keep coming back because they like the product. they think they have a circular system that keeps the customer in their ecosystem they were first to the market with parlay and it is what they are known for and parlay is particularly profitable. it is very popular with the
earnings numbers because the application to list on the new york stock exchange is still in front of the s.e.clease earnings and full year guidance late in march. the executive team is really eager, frank, for the public listing. they said on the call they want to make the company more accessible to u.s. investors they are tired of draftkings getting name dropped in coverage >> we hear a bit about draftkings flutter has a number one market share. that is surprising for a foreign company....
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Jan 22, 2024
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the company is cooperating with the s.e.c.o buriaird is cutting the pr rating. >>> terraform files for bankruptcy after the ongoing legal challenging after the arrest of the co-founder. >>> and the business of economics forum shows that 90% of economists believe the u.s. will not hit a recession this year. >>> here is what to watch. two key bank decisions on thursday. a close economic report out and home sales on friday. the most market moving will be earnings this week. we have a diverse batch of names with one-third of the dow set to report. 69 s&p companies and verizon and 3m and johnson & johnson and intel reporting this week. let's see futures right now solidly in the green. look like the dow would open up 50 points higher. nasdaq up other than .50%. let's bring in degas wright. degas, always a pleasure. >> frank, great to be on ywith you. >> degas, we see a lot of movement today. what is your wex word of the day? >> the word of the day is b bundle. >> you are talking about bundling. is there a sector you are thinking abo
the company is cooperating with the s.e.c.o buriaird is cutting the pr rating. >>> terraform files for bankruptcy after the ongoing legal challenging after the arrest of the co-founder. >>> and the business of economics forum shows that 90% of economists believe the u.s. will not hit a recession this year. >>> here is what to watch. two key bank decisions on thursday. a close economic report out and home sales on friday. the most market moving will be earnings this...
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Jan 9, 2024
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the s.e.c.w.ine ofomro st tuned, "squawk box" will be right back. [♪♪] your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. >>> welcome back to "squawk box." the crypto community expecting a call from the s.e.c. any day now on the approval or rejection of the spot bitcoin etfs, though approvals are pretty widely expected at this point. joining us now, john palmer is the president and ceo of digital. it's a separate entity from parent company cboe global markets, which is the listing agent, or i should say, exchange for spot bitcoin etfs. they're not involved in the process of launching the etfs, but it would benefit from their approval. what do you think we're going to hear, and is there a
the s.e.c.w.ine ofomro st tuned, "squawk box" will be right back. [♪♪] your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. >>> welcome back to "squawk...
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Jan 9, 2024
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in other news, an s.e.c. hack and run on digital gold doesn't make you want the real thing, i don't know what will. gld. >> all right, thank you for watching "fast." "mad money" with >>> my mission is simple. to make you money. i am here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. mad money starts now. >>> hey, i'm cramer. welcome to a very special san francisco edition of mad money. i am just trying to make you some money. my job is not just to entertain but to educate. give me a call at 1-800-743- cnbc. this market is caught between a titanic battle between chet tpt and glp. with the dow declining and the nasdaq advancing. there is a lot more to the market than just tech and healthcare. right now you can learn a lot from chat gpt the way many people first learned about generate fai. you can tell from my interviews that it is driving a ton of r&d from so many different drug companies that know that they have to make these drugs beca
in other news, an s.e.c. hack and run on digital gold doesn't make you want the real thing, i don't know what will. gld. >> all right, thank you for watching "fast." "mad money" with >>> my mission is simple. to make you money. i am here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. mad money starts now. >>> hey, i'm cramer. welcome to a very special san francisco edition of...
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Jan 17, 2024
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think there is a lot of eyeballs on this on a lot of anticipation on the battle between coinbase and s.e.c give me the basics. sonali: the basics was that you had the sec in the middle of last year sue coinbase, saying they had operated as an unregistered exchange and broker. they also targeted more than a dozen assets listed on the exchange, saying they were listed as unregistered securities. the fight back from coinbase says they should be dismissing it and they filed a motion to dismiss and we are going through the process now but this could be a long process. coinbase is really fighting a lot of definitions particularly the idea of all of these assets being unlisted securities and the meaning of an investment contract versus investment on its own. a lot of this lawsuit goes around the idea of the sec overstwe will see how this goest there is a chance this could take weeks or months. it could go well into the next year or so depending how the judges rule. this cope -- could go into discovery but the reason it's highly washed by the industry is because it fundamentally gets down to the h
think there is a lot of eyeballs on this on a lot of anticipation on the battle between coinbase and s.e.c give me the basics. sonali: the basics was that you had the sec in the middle of last year sue coinbase, saying they had operated as an unregistered exchange and broker. they also targeted more than a dozen assets listed on the exchange, saying they were listed as unregistered securities. the fight back from coinbase says they should be dismissing it and they filed a motion to dismiss and...
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Jan 26, 2024
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. >> this criminal case is about lying, about lying to the fbi, lying to the s.e.c., and lying to investors. that is conduct that will not be tolerated by anyone. >> so o ultimatelyly a decisiois made n not to prososecute her criminally for insider trading, and only charged with the obstruction of justice and false statements. >> martha stewart is being prosecuted not because of who she is, but because of what she did. >> what a face to see. be sure to tune in, because of this new original series from cnn, the many lives of martha stewart will premiere this sunday at nine pm only on cnn. i'm kaitlan collins, thank you so much for joining us tonight here on the source. laura coates live starts right now. >>> donald trump -- you might just miss moment on the stand, tonight on a bonus hour of laura coates live. no maybe three short minutes, that is how long the former president was on the stand today in the e. jean carroll defamation trial. he still managed, still manages to say something that caught part of his testimony stricken from the record. now before the jury even got into the room, th
. >> this criminal case is about lying, about lying to the fbi, lying to the s.e.c., and lying to investors. that is conduct that will not be tolerated by anyone. >> so o ultimatelyly a decisiois made n not to prososecute her criminally for insider trading, and only charged with the obstruction of justice and false statements. >> martha stewart is being prosecuted not because of who she is, but because of what she did. >> what a face to see. be sure to tune in, because...
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Jan 26, 2024
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. >>> gm revealing the cruise unit is being investigated by the doj and s.e.c. they looking at the incident in october where a pedestrian in san francisco was critically hurt cruise releasing findings from the review by the law firm that gm hired failure in the leadership in the cruise dealings with regulators. >>> and artificial intelligence facing a legal challenge from the estate of george carlin. suing the credators of the special released on youtube. it relused the technology to ste his humor and voice. the lawsuit calls to remove the video immediately. this is the first legal action taken by the estate of a cele celebrity. >> i think his family is saying the seven dirty words of the effort to recreate him in a.i. pippa, thank you. >>> turning back to the markets over the recent set of strong economic data impacts when the fed starts cutting rates out for the year the pce data is impacted and it will expect to show prices rising last month, but over the long run, prices are cooling as people keep spending let's bring in stephen whiting good morning >> good
. >>> gm revealing the cruise unit is being investigated by the doj and s.e.c. they looking at the incident in october where a pedestrian in san francisco was critically hurt cruise releasing findings from the review by the law firm that gm hired failure in the leadership in the cruise dealings with regulators. >>> and artificial intelligence facing a legal challenge from the estate of george carlin. suing the credators of the special released on youtube. it relused the...
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Jan 5, 2024
01/24
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. >>> and next frontier reports after the bell, saying the s.e.c. is set to make a decision next week on spot etfs. how how will it change for crypto? "fast money," when we return. - "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage, but you know what, they all felt the same about two things: they all loved their home, and they all wanted to stay in that home. and they all wanted to stay in that home. - [announcer] if you're 62 or older and own your home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates your monthly mortgage payments and puts tax-free cash in your pocket. call the number on your screen. - why don't you call aag... and find out what a reverse mortgage can mean for you? - [announcer] call right now to receive your free no-obligation info kit.
. >>> and next frontier reports after the bell, saying the s.e.c. is set to make a decision next week on spot etfs. how how will it change for crypto? "fast money," when we return. - "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a...