weinberg: good morning, tom. you for finding something on bloomberg that even i could not find them in terms of the economics index. it is a huge change in what you have just described. the ecb's monetary stance is going to take a huge step tighter on wednesday morning, specifically. they have raise the rates on repo's. banks have the opportunity to pay them back. they signaled 296.2 billion euros worth of long-term repose to be paid back on wednesday morning care that is going to increase the bonds available to the market by 2 billion euros. that is a reduce in real money and, getting rid of the excess cash balances that are out there, and more currently, increasing supply of bonds and raising long-term yields. tom: if they do this, and i will use the phrase from jean-claude trichet, he will talk about how it diffuses differently. i get if we diffuse, what does it mean for montana? prof. weinberg: it is a slower process in europe to get this into the market. when the fed undertakes qt, it sells bonds to the mark

carolyn weinberg saying we are at the beginning of a rotation as investors come back into credit withhe rapid move in front and rates, the curve repriced credit to attractive levels, particularly as we approach the end of the fed hiking cycle. in your view, is this the entry point? where is it? >> it is starting to look like some of the entry points that have happened over the last couple months i agree we are reaching the and of the fed tightening cycle. i think where you will have risks on growth and risks on inflation next year if it does not continue to come down then the fed because could be externally short but it is interesting entry levels and as long as the growth picture is holding up relatively well and again the spreads should remain relatively contained and we can add to those credit names. >> i want to come back to you because in your outlook today, it caught my eye you are talking about the ideal recipe for sustainable credits rally and it is friday, i am feeling good, i want to dig into that optimism. what is the ideal set up for credit markets? tell us about the other

over the reservations with these hardliners and her husband's own administration as caspar weinbergerays one of the world histories she really had a lot more willingness to trust the soviets and a lot more because she had a lot of faith in her husband's ability as a negotiator. revealing the diagnosis with alzheimer's you talk about nancy and barking on the final chapter of their story and write even her harshest critics would acknowledge the grace and determination she would show when her devotion was put to its greatest test. she would gain a new appreciation never again would anyone doubt that she had fixed on her ronnie for all those years was anything but genuine. she would become one of the most admired women in the country. i think a lot of us watched the way she cared for him as the sort of ultimate expression of their marriage vows and devotion. share a little bit more about that chapter and how difficult it was for her. >> it is the cruelest disease you could imagine. both of them assumed he leaves office closing in on a vigorous fit he is the only living president to comple

i played it out with loretta weinberg, my senate majority leader panel partner. saying this is not who we are as americans, this is not who we are as a country. and those who violated the law should be prosecuted to the fullest extent of the law. i had that opinion then, and i still have that opinion. what i have to focus on going forward is finding common ground to have more transparency in election results, so republicans and democrats alike, and supporters going back decades have undermined the legitimacy and consequences of the election so every single elected official should lead by example and making sure we have transparency in the voting process, and that is the important thing to do. >> thank you. congressman? rep. malinowski: you asked him about donald trump, and most he could muster was a condemnation of the rioters on january 6. it is kind of like just blaming the hijackers for the 9/11 attacks and leaving out osama bin laden. one month after the january 6 attack, the republican national committee led by ronald mcdaniel, who just campaigned with mr. k

ftx has hired an investment bank, they have hired carella weinberg, which has been through these typesns, but not in crypto, but with complex financial institutions. one source told me one way to think about something like this with ftx is is kind of like a financial institution that would file for bankruptcy, where the creditors are the customers. if you gave me money, you could potentially get money back. when you look at this statement here, this is interesting, the ceo of ftx talking about how there are certain assets that are not included in the bankruptcy as debtors. companies bought by ftx. but there are plenty of entities that are, and they are around the world. there are assets here that they will try to recapitalize, according to the new ceo of ftx, or they will look for other strategic transactions to try to get some of that money back for the people who are owed that money. guy: a key question in this is do we need to worry about contagion? how are we working out that risk right now? sonali: one, we have to think about the things we have not heard from other companies. what

textbooks coming out that do not mention him and even as late as 2006, seminal text with that robert weinbergthat he does not even mention otto warburg doll is a wonderful book and he does not even mention him the famous paper in the f of cancer was tas about the six basic functions of cancer the comes out in 2000 and noten even mentioned the fermentation which really is a mental to cancer and so it is amazing how that got lost prayed a lot of letterwriting the last part of themy book is why it's o important. >> that's what i would like you to talk aboutut now and so for e members and those whoho are listening, i was like to give people something to take home. the story in your book is what makes it so interesting that you tie together a lot of science and great information of people and learn from and so talk about my shifted and why we are talking about again so i'm without fructose and glucose had metabolism and insulin resistance and all of the things from otto warburg and then he got lost in the now, why again now. >> so the story really picks up again and otto warburg gets lost and then

even as late as 2006 you have the seminal textbook robert weinberg puts out the doesn't mention warburg at all, a wonderful book, the emperor of all maladies doesn't mention warburg. a famous paper, the hallmarks of cancer which talks about the basic functions of cancer comes out in 2000 and it doesn't even mention, the shift to fermentation which really is fundamentally cancer. it's amazing how it got lost. a lot of what i write about is why it is so important. >> host: that is what i would like to talk about now. members are listening to this. giving something to take home, the story in your book is what makes it so interesting but you try to get through science and great information people can learn from so talk about how it shifted and why we are talking about it again. i'm sure you will have to talk about fructose and glucose, insulin resistance, and all those things from warburg and it got lost and now, why now? >> the story really picks up again, in the late 1990s, and talking about mutated genes and how these signals go out from one protein to the next cause both cell to replica

by the way, the reservations on this hawkish hardliner in her husband's own administration, weinberger said one of the oral histories i read, she was a lot more willing to trust the soviets and a lot of it was a lot of faith in her husband's ability as a negotiator. >> after he wrote his letter to the american people revealing his diagnosis with alzheimer's, you talk about nancy on the final chapterer of their love story. he right, even her harshest critics would acknowledge grace and determination she would show her devotion was put to its greatest test. the nation t would gain new appreciation of her character. never again would anyone doubt the adoring games she fixed on her ronnie for all those years with anything but genuine. she would become one of the most admired women in the country. a lot of us watched the way she cared for him is the ultimate expression of their marriage vows and devotion and i remember how fiercely protective she was of him in the final years. share more about the chapter and how difficult it was for her. >> it is the coolest disease you can imagine. both o

and to you and to david weinberg of your staff, not tom but david, we want to thank you for your willingness to work with us. we have not agreed on everything, but we have been able to find common ground where possible move the country forward. so, thank you very much for that. today is my last hearing as ranking member, and it is appropriate that it would be this hearing because it is so important to the oversight responsibilities of this committee. and more importantly, important to our country right now, we unfortunately have a proliferation of threats facing the homeland. and i appreciate the fact that the right people weren't here -- are here today before us to be able to address those concerns. talk about what the administration is countering the threats. we look forward to hearing from you. as the respective leaders of your agencies, you are pursuing -- responsible for overseeing thousands of career employees men and women who went up every , day at dhs, and the national counterterrorism center of what the mission to safeguard our nation. on behalf of the entire committee, i want to t

tom: peter weinberg is going to do a transaction of a bungalow in the bahamas?k about, not just the assets at ftx or genesis. the reason so much i wall street had a hard time stomach and the idea of lending to these businesses as they seek restructuring is because there are a lot of intercompany relationships. we reported yesterday, genesis, there was a promise every note between the digital currency group and genesis, which is what spooked investors. they did not want to get in and be lower in the capital stack than the folks that started the business in the first place. it is not just the assets they have. it is the idea, if i'm giving these folks more money, do i owe somebody else at the end of the day? lisa: how many of your sources say there is profound fear, existential questioning of an asset class that some people say is not really an asset class, it is a theory that was started up during an era of free money? how many people except that this is a staying power of place? sonali: everyone will hate me. it is not just crypto. bitcoin has held up. what was

to you and to david weinberger of your staff, not tom but david.[laughter] we haven't agreed on everything but we find common ground where possible and move the country forward to thank you very much for that. today is my last hearing as ranking member print be appropriate b this hearing because it is so important to the oversight responsibilities of this committee and more portly important to our country right now purple have unfortunate proliferation of threats facing the homelands. and i appreciate the fact the right people are here today were forced to be able to address those concerns and particularly welcome, we look forward to hearing from you. as the respective leaders of your agencies you are responsible for overseeing thousands of career employees, men and women who wake up every day that national counterterrorism center, with the mission to safeguard our nation. behalf the entire committee to think those employees who are patriots every fall to sign level we've had this hearing. we are a little late this year because of scheduling issues

and to you and to david weinberg of your staff, not tom but david we want to thank you for your willingness to work with us. we have not agreed on everything but we have been able to find common ground where possible move the country forward. so, thank you very much for that. today is my last hearing as ranking member and it is appropriate that it would be this hearing because it is so important to the oversight responsibilities of this committee. and, more importantly, important to our country right now. we unfortunately have a proliferation of threats facing the homeland, and, i appreciate the fact that the right people weren't here before us to be able to address those concerns. talk about what the administration is countering the threats. we look forward to hearing from you, as respected leaders of your agencies you are pursuing thousands of career employees. men and women who went up every day at dhs, and the national counterterrorism center of what the mission to safeguard our nation. on behalf of the entire committee i want to thank those in plays who are patriots doing their best fo