liz: lee trink of faze. , one step closer to beating china as the senate advances that $50 billion bill to boost semiconductor production. yes, the chips act. how are chip investors taking the news? we're going to show you all the stocks. closing bell we're 38 minutes away, dow is up 77, but look at that nasdaq. a gain of 204 and knowing that just yesterday, it gained 353. it's a great week for the nasdaq we're coming right back. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. ♪ ♪ wealth is watching your business grow. worth is watching your employees grow with it. ♪ ♪ meet leon the third... leon the second... and leon... the first of them all. three generations, who all bank differently with chase. leon's saving up for his first set of wheels... nice try. really? this leon's paying for his pa

emily: lee trink, faze clan ceo, we will continue to watch you all. >> faze up. emily: thank you. earnings calls are still underway. musk set the company has the potential for record-breaking output in the second half. plus, he says the tesla cybertruck is on track to debut next year, 2023. we will continue to listen in and bring you the headlines as we have them. sam bankman-fried 's empire, his crypto spending spree and his intention behind it. this is bloomberg. ♪ >> at the very least, i want to be doing something net positive. i want to be a good actor there. emily: it is time for our crypto reporter as we take a look at one of the most prominent figures in the industry, the fdx ceo and founder sam bankman-fried. over june, the crypto billionaire bought two companies and try to save another with a large loan. he committed about a billion dollars amidst a crypto rout that has wiped 2 trillion dollars in market value out. let's bring in anna miller for more on today's big take. it is fascinating to see just how ambitious and seemingly successful sbf seems to be. but there are co