atkins is a good pick. he was investing in bitcoin? i think- atkins is a good pick.small mirror sec chairperson, so is not unknown to the job, —— former sec chairperson. he is a pro—business guy, and he has business in crypto. he has done consulting work for some crypto companies, so i think you�*ll be pro—crypto, and getting at least some seats at the table in terms of asset allocation. that is really what is going to drive bitcoin encrypt over the next few years, some additional seats at the table when it comes to policies and decisions for asset allocators.- policies and decisions for asset allocators. aside from bitcoin, asset allocators. aside from bitcoin. we _ asset allocators. aside from bitcoin, we have _ asset allocators. aside from bitcoin, we have also - asset allocators. aside from bitcoin, we have also seen l asset allocators. aside from i bitcoin, we have also seen the supreme 500 notching records. what will keep this market going higher?— what will keep this market auoin hiuher? ., , ,, going higher? earnings. stocks trade on earnings. _ going higher?

than paul atkins, he understands these markets better than anyone. we need more ipos in this country it's a record low, why is that, regulation or corporations nobody knows that better than andy puzder he ran a major corporation. >> go ahead. >> i think one of the reasons business optimism has been surging since president trump selection one of the contributive factors is that paul atkins was appointed to this position at the sec and gary gensler will be gone really think this is a huge move. maria: i totally agree, gentlemen it's great to talk to you. steve moore and andy puzder, walmart is rolling back dei programs pulling controversial items from the inventory will target his order to face the music over the pride backlash former target vice jorge has always put the ones he loves first. but when it comes to caring for his teeth he's let his own maintenance take a back seat. well maybe it's time to shift gears on that. aspen dental has complete, affordable care all under one roof. plus $29 exams and x-rays for new patients without insurance and 20%

than paul atkins, he understands these markets better than anyone.ed more ipos in this country it's a record low, why is that, regulation or corporations nobody knows that better than andy puzder he ran a major corporation. >> go ahead. >> i think one of the reasons business optimism has been surging since president trump selection one of the contributive factors is that paul atkins was appointed to this position at the sec and gary gensler will be gone really think this is a huge move. maria: i totally agree, gentlemen it's great to talk to you. steve moore and andy puzder, walmart is rolling back dei programs pulling controversial items from the inventory will target his order to face the music over the pride backlash former target vice (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objec

than paul atkins, he understands these markets better than anyone. we need more ipos in this country it's a record low, why is that, regulation or corporations nobody knows that better than andy puzder he ran a major corporation. >> go ahead. >> i think one of the reasons business optimism has been surging since president trump selection one of the contributive factors is that paul atkins was appointed to this position at the sec and gary gensler will be gone really think this is a huge move. maria: i totally agree, gentlemen it's great to talk to you. steve moore and andy puzder, walmart is rolling back dei programs pulling controversial items from the inventory will target his order to face the music over the pride backlash former target vice an alternative to pills, voltaren is a clinically proven arthritis pain relief gel, which penetrates deep to target the source of pain with nonsteroidal anti-inflammatory medicine directly at the source. voltaren, the joy of movement. maria: welcome back retailers rolling back eei. walmart the largest private

than paul atkins, he understands these markets better than anyone. more ipos in this country it's a record low, why is that, regulation or corporations nobody knows that better than andy puzder he ran a major corporation. >> go ahead. >> i think one of the reasons business optimism has been surging since president trump selection one of the contributive factors is that paul atkins was appointed to this position at the sec and gary gensler will be gone really think this is a huge move. maria: i totally agree, gentlemen it's great to talk to you. steve moore and andy puzder, walmart is rolling back dei programs pulling controversial items from the inventory will target his order to face the music over the pride backlash former target vice your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works. it's hard to say who'll be more excited on t

than paul atkins, he understands these markets better than anyone. we need more ipos in this country it's a record low, why is that, regulation or corporations nobody knows that better than andy puzder he ran a major corporation. >> go ahead. >> i think one of the reasons business optimism has been surging since president trump selection one of the contributive factors is that paul atkins was appointed to this position at the sec and gary gensler will be gone really think this is a huge move. maria: i totally agree, gentlemen it's great to talk to you. steve moore and andy puzder, walmart is rolling back dei programs pulling controversial items from the inventory will target his order to face the music over the pride backlash former target vice chairman gerald storch is here with reaction. stay with us. after careful review of medical guidance and research on pain relief, my recommendation is simple: every home should have salonpas. powerful yet non-addictive. targeted and long-lasting. i recommend salonpas. it's good medicine. ♪ hisamitsu ♪ growing

maria: thank you very much, trump is rounded out his economic team choosing paul atkins for the securitiesnd exchange commission for commission of the social security administration trump tapping senator kelly loeffler for the small business administrator, billy long and peter navarro as senior counsel trading manufacturing the economic team filling out, your thoughts. >> things are looking very good, scott bessent you have someone is a stable treasury chair pro-crypto obviously and then you piggyback paul atkins on top of that and what you have is a situation where bitcoin is 102,000 and quite. it was below 95000 for a while yesterday morning and now it's jumped up. and what i'm see the promises that trump made during his campaign he wants to deliver on all the promises, that's commendable a lot of politicians are all talk and no action. with the specific nomination trump wants to deliver on everything he was messaging the american people on the course of the last several years. maria: pawlak is expected to deregulate with what president trump has been setting that's one of the issues so

atkins served as sec commissioner from 2002 to 2008 under then president george w bush.ins was critical of some of the reforms that emerged from the global financial crisis in 2008. specifically, he criticised the dodd—frank legislation as too stringent on the banking industry. film award season is under way and wicked has been named as the best film. the film based on the musical�*s award from the new york organisation puts it in the running for an oscar nomination and a nod at the golden globes.— nomination and a nod at the golden globes. amanage the other awards, _ golden globes. amanage the other awards, best _ golden globes. amanage the other awards, best actor - golden globes. amanage the | other awards, best actor went to daniel craig for his performance in queer and nicole kidman took best a actress for baby girl, where she played a high ranking executive. the firm that makes guinness is limiting the amount that pubs can buy in the build—up to christmas. diageo — which brews the beer in dublin — is understood to be allocating supplies on a weekly basis. the drink

what do we know about paul atkins?did serve on the sec before. >> that's right. previously commissioner at the sec, very much a known quantity in washington and financial regulation and financial policy circles. he is coming back to the agency. if he is formally nominated and confirmed, he would be coming back from the private sector. i think taking a step back for a second it is important to think about what a trump-appointed chairman of the sec is going to take on. he would be coming off for years in which chair gary gensler says he will step down on january 20, has really tried to instill tougher rules on private equity firms, hedge funds, transparency rules across the equity markets, a lot of things that the big financial firms have really rallied against and pushed back against. there is going to be high expectation that paul atkins will lead an effort to deregulate and roll back any of the things chair gensler has tried to put in place. the other area people will be paying attention to his crypto. trump has had a

in atkins as you mentioned i think the cryptocurrency industry sees an ally come into the scc.opular podcast in technology and a lot of people and silicon valley listen to it and silicon valley listen to it and he was one of the first and one of the loudest supporters in the tech industry as donald trump was mounting his presidential campaign this go around, taking over as ai and cryptocurrency sao, is a new position and i think what the signals with david sacks coming is we can expect this administration to work with congress to pass legislation that the ai industry and the cryptocurrency industry, executives and both were like. —— tsar. executives and both were like. -- tsar. , ., , -- tsar. interesting to see those deeper _ -- tsar. interesting to see those deeper ties - -- tsar. interesting to see| those deeper ties between donald trump and those members of silicon valley. always great to have you on the programme. let's turn to some other important news around the world. burkina faso's ruling military leader has dismissed the country's prime minister, pictured here on the

i worked closely with quintes and paul atkins over a number of years.of our advisory board members at the digital chamber. he is absolutely committed to bringing that regulatory clarity, brian quintes is a former cftc commissioner. he has technical expertise. he has industry expertise. that checks a lot of boxes in terms of who is going to lead the agency. quintes called for a self regulatory agency in 2018 for the digital asset market so he's not new to the space. he's shown great expertise. i think whoa be a great champion and paul atkins certainly as well, so these are great potential new heads of the agencies and it's certainly putting us in the right step. personnel is policy in washington, having the right people in place is critical. maria: to that end, trump has tapped former pay pal chief operating officer and co-founder of craft ventures david saks to be the white house a.i. and crypto czar. arkansas congressman french hill has been picked to lead the house financial services committee, he plans to lead an investigation into operation choke po

but you have paul atkins. let's go to mike sheppard. we do have someone from the trump administration, the future s.e.c. chair pick, paul atkins. give us his background. why is he seen as crypto friendly? mike: he has emerged, after years of being a well-known regulator here in washington -- he previously served on the s.e.c. as a commissioner during the george w. bush era, so he has the street credit as a regulator. but more recently he has emerged as an advocate for digital currency and fintech. naturally, investors around the world were so encouraged to see donald trump select him as the incoming s.e.c. chair. during the presidential campaign, trump really advocated for changes in u.s. policy toward digital currency. he wants to make the u.s. a crypto hub. one of the keys is making changes at the s.e.c., chander president joe biden has cracked down on this market after seeing some excesses we saw during 2022 with fraudulent behavior. the current agency chair, gary gensler, singled out. trump has looked for a change in the crypto indu

victoria atkins saying _ to in the coming days. victoria atkins saying the _ to in the coming days.orities only. by focusing on particular priorities we can possibly expect to some of the other priorities the government has already announced to fall by the wayside. there is an acknowledgement in government the first few months have been difficult, we had tensions over sue gray who was dismissed as a chief of staff to keir starmer in summer, questions over freebies, donations. protests following the budget, winter fuel payment, and the first cabinet resignation. keir starmer hoping this thursday speech will move on from that and on to the next phase of his government. rodri is not there. what do we have to do, cry all the time because rodri is not there? or the four central defenders have not been there for a long time in last month? i have to find a solution, i have to find a way to do it. and this is, i am trying. bayern munich remain top of the bundesliga after a 1—1 draw at borussia dortmund in der klassiker on saturday. dortmund had struck first midway through the first half, en

maria: i'm glad you mentioned paul atkins, you said trump will be the first crypto president and paul part of the bigger story because he would replace gary gensler who put rules and regulations around digital assets and also a commentary going on on wall street whether or not paul atkins is going to get behind and support the idea of emerging with the cftc regulators wanting in on a.i. and a lack of clarity, how important is paul atkins at the fcc along with david sachs in the enter david sachs as a new a.i. czar. >> extremely important i would say under the gendler era at the fcc there has not been clear regulation, that has been the problem how can you operate in industry when you don't know the rules you can disagree with the rules but if you know the rules you know how to operate and when you don't know the rules when ud banked and you find that you broke the rules because there's an enforcement action against you versus knowing what the rules are that's what leads in industry to flee a country that's what we seen in the united states and i think atkins represents a complete reve

i think very powerful to have paul atkins in as chairman securities and exchange commission.positive for the crypto trading platforms tokens bitcoin all of it because, he has been arguing for a long time, that sec enforcement is causing leading edge crypto developers to look to asia, europe away from united states going to see a whole new effort at business around crypto with paul atkins in security council, i have been talking about this this week i want to know if atkins is going to advocate for merger of securities and exchange commission and cftc xhomentsdz futures trading a lot of people want to see this too many regulatory doj may like that could see this as cost saving waigs congress rejected this in the past, we will see if this new effort to cut costs means, closing down agencies merging things like sec, cftc. charles: i think 290 members are correct me if i'm wrong are pro optimistic about crypto, you've got a new powerful crypto lobby behind scenes changed dramatically in d.c. keyword you dwlufd was "streamlining" we need to be on offense preeminent country, econom

we will see one of the crypto advisors of donald trump sitting in a room with paul atkins and others. and they will try to figure out a regulatory framework which takes it out of the enforcement which the crypto industry hated and a lot of people said was unfair, something more innovative and that's why you see the run up. rallies reverse at times, there's little irrational exuberance. stuart: a little money side into this. when it comes to donald trump, he wasn't keen on this in the beginning, looking at it he reassessed it and became a big fan but to hone in on what you said it doesn't mean we go from a lot of regulation and watching what they are doing to none of that. charles: the republican commissioner believes in a degree of regulation, paul atkins is a long time securities lawyer who was on the commission under george w. bush. he believes in the basics of the securities law as written. not that we should do what gary gensler did with environmental disclosures, he believes in disclosure. there' is not a lot of disclosure in the crypto business. there will be a regulatory regime

atkins led the sec from '02-'08 and a considered very crypto-friendly.mcginley, his initial pick for white house counsel, will instead take on a ole in the new county of government efficiency -- department of government efficiency. replacing mcginley, david warrington, a member of trump's campaign team. the additional nominations include monica crowley, a senior position at the state department, billy long to the head the irs and kelly loeffler for the small business administration. this is interesting, biden is reportedly considering preemptive pardons for those he believes may be argument thed by trump. some of -- targeted. some of those include liz cheney, adam schiff and annie fauci. marc thiessen's with me the morning. why would these people need preemptive pardons if they didn't break the law? >> exactly. i mean, what crime is he pardoning them for? just blanket for anything they might have done? stuart: exactly. >> they could have gone shoplifting, had a traffic violation. when you pardon someone, usually there's a specific crime that you're pardo

columnist kimberly atkins stohr says the fault rights -- lies elsewhere.the real coup de grace for smith's prosecution was an immunity ruling written by chief justice john roberts and backed by all three of trump's appointees that served as trumps stay out of jail card. back with me, columnist with the boston globe, kimberly atkins stohr and senior writer with politico magazine, ankush khardori. kimberly, since i invoked your name, you think the blame lies not with the ag but with the supreme court. >> in the beginning, after january 6 and everything that happened, i wanted accountability for donald trump as much is anybody else. and, in the beginning, i was not sure if merrick garland was the right person to lead the justice department at a time where prosecuting a former president was on the table and needed to be pursued. he is in institutionalist. that is true. he did move methodically and carefully given the political ramifications of what he was doing and i was pretty critical at the time but with the clear view of hindsight, i see now, if the real d

interesting that it came many hours after mr trump's announcement that he would nominate mr atkins.a is home to some of the largest number of crypto traders in the world, mainly in south korea, china and india, just to name a few.— south korea, china and india, just to name a few. many thanks for keeping _ just to name a few. many thanks for keeping across _ just to name a few. many thanks for keeping across that - just to name a few. many thanks for keeping across that story - for keeping across that story for keeping across that story for us. before we go, some other news: police in new york are searching for a gunman who shot dead a top medical insurance executive outside a hotel. the attacker lay in wait for brian thompson, who was the head of united health care. investigators say they don't know the motive of the assailant. the attack unfolded in one of the busiest parts of man hatpen, close to the tourist magnets of times square and central park, in an area where shootings are extremely rare. 0n the money rare. 0n the money markets, rare. 0n the money markets, all rare. 0n the

this latest surge comes off the back of donald trump naming paul atkins, a veteran financial regulatorvocate — as his choice to lead and possibly overhaul the main financial watchdog — the us securities and exchange commission. 0ur north america business correspondent ritika gupta joins us now. this is a significant move, isn't it? it this is a significant move, isn't it? , ., isn't it? it is. heading through _ isn't it? it is. heading through the _ isn't it? it is. heading| through the $100,000 isn't it? it is. heading- through the $100,000 level is psychological but again, president elect trumpeting an eye on his promises to have a crypto friendly cabinet and now appointing paul atkins as the s e c. gary genter has been lambasted by the crypto community for trying to crack down on the industry. and the new pic is well known in wall street and in the republican political circles. he is pro—crypto and kits with trump�*s stance on deregulation and has been critical of regulations. as you mentioned in the intro, 50% has rallied since the victory. he is replacing gary gansler. what is als

and exchange commission people worn if atkins is going to advocate for merger of securities and exchange commission and future commission that would similar ply oversight of crypto, look at crypto on fire. since president trump won the election. lee: it is provide clarity there is so much uncertainty around crypto where if clarity that is going to be a fascinating thing to watch. maria: you made a great point earlier in terms of whole process, lee, i mean why would anybody put their name in the hat to go work for american people in government, if in fact you face character assassination? s. lee: i just can't imagine. we don't go to the same kind of anything, in any other industry any other space these people oftenr taking pay cuts to serve american people, and putting themselves it is -- putting themselves through it look to families their children parents, there is nobody, that is -- that is out of bounds. it is completely infuriating because you know that really good people are sitting it out, for reasons that are -- irrelevant to whether or not they can do a good job. adam: i agree wi

a lot of focus on the atkins appointment. hear things like they are pro crypto come in practice what does that mean for policy? tobin: the big complaint about the sec from a digital asset perspective was the so-called regulation by enforcement approach that gary gensler talk. that is more of issues for the smaller digital assets in terms of not being able to get clarity from the sec they wanted, either by train to go through formal channels or seeking forgiveness, not permission. from a bitcoin perspective, it has been able to thrive despite gary gensler's approach to the sec. i think that is obviously an animal spirits story. annmarie: what kind of u-turns can we see at the sec under atkins put in place by gary gensler? tobin: i think atkins will be broadly deregulatory across every axis. he talked about rolling back formal rules and has been critical of penalties imposed by the sec in the past, even when there are enforcement actions he will be tending to take a more lenient approach with and i towards not reducing competit

paul atkins was nominated for chairman of the securities and exchange commission.d he would succeed former -- current s.e.c. chairman gary gensler who has been a critic of the digital currency. he cramped down on the 3 and-a-half million dollar crypto market. i spoke with david towel on the program. he predicted in january that bitcoin was going to 100,000. now he's got a bigger prediction for next career. year.what's your prediction fore year end and into 2025? how high can this go? >> i think we definitely cross 100,000 shortly. by the end of the year i think we get to $250,000. it's not just putting numbers out there. there's really a lot of substance behind this. as you've noted, the market has been on a good rally since trump's election. i think we'll continue to have the santa claus rally into the end of the year. and then when president trump takes over and starts to go ahead and enact his policies, the market will continue to go higher. maria: mark, bitcoin is up better than 140% year-to-date. it's up 51% since election day. your thoughts. >> all the bitcoi

atkins was an sec commissioner under president george w. favors lighter regulation of financial firms. for more on crypto's soaring values and the trump/atkins connection to all of this, i spoke earlier today with david yaffe-bellany, technology reporter who covers the crypto industry for the new york times. thank you for being with us. first for the unfamiliar, explain what it means that bitcoin surpassed the $100,000 mark. why is that significant? david: it's really an important symbolic threshold for bitcoin. i mean, this is an investment product that started at $0 of value, and over the last 15, 20 years has risen to become one of the most successful assets in the entire financial system. and so it's really the kind of culmination of an extraordinary roller coaster ride that's been going on for a while, and, you know, it's a sign that this is part of the financial system now. it's not, you know, a passing fad. it's something that is here to stay and that really holds tremendous real world value. geoff: since donald trump's win a month a

pepeople want to know if paul atkins will get behind the idea. ceos see people like david saks getting a white house role, running crypto and a.i. they want a voice at the table. we're talking about that this morning for sure. we are leading off the program with utah senator mike lee. we're going to talk about the change in the regulatory framework to come. we're talking about the president's budget and his first 100 days. what will that first 100 days look like? we're told the priority's going to be the border, will be the border and then energy in the first reconciliation package. you know, you wouldn't think that they need a reconciliation package which means you only need a majority vote in the senate for the border. knowing the way america just voted but guess what? they don't have the votes for the border bill so they have to take it to the reconciliation package meaning the extension of the tax cuts is going to come later in 2025, something that the chairman of the house ways and means committee jason smith is not in favor of. i'll talk ab

paul atkins has repeatedly criticized the current s.e.c.man for ex esposizioni i have -- it has become so bureaucratic. whether he will support the merger of the security and exchange commission and the commodities futures trading commission. they are all looking to cut waste and looking to cut overlap in government. what doge is doing. and if in fact paul atkins supports merging those two agencies, that would create more clarity in terms of oversight. one of the big issues with bitcoin we don't know who is regulating it. everybody wants a piece of the oversight. if paul atkins gets behind the idea you want to merge the two agencies it creates clarity and legislation around bitcoin only positive to give people actual barriers, boundaries and clarity on oversight. >> bill: in the meantime there is a lot of debt. $36 trillion. jerome powell call for number two. u.s. federal budget said the u.s. federal budget is on an unsustainable path. the debt is not at an unsustainable level but the path is and we know that we have to change that. which b

ros atkins there.audia arabian city ofjeddah, where we can speak to sports marketing expert, talal al—maghrabi. well, congratulations. we heard the saudi sportsman is to say everyone will be welcome to this world cup in 2034, but i wonder, how is that possible if women don't have the same rights in saudi arabia and homosexuality is illegal? how will everyone be welcome? i think everybody has been welcomed in the past, everybody will be working today and everybody will be welcome tomorrow. in saudi arabia. what you are saying may be is true if you say it to some people who don't know the... inaudible tah who have been living in the uk for 18 years and i tah who have been living in the uk for 18 years and— uk for 18 years and i know hundreds _ uk for 18 years and i know hundreds of— uk for 18 years and i know hundreds of thousands - uk for 18 years and i know hundreds of thousands of | hundreds of thousands of british citizens work and live in saudi arabia and they enjoyed saudi arabia. i have a daughter

but victoria atkins from the conservatives also spoke to the laura kuenssberg show.tting out _ laura kuenssberg show. they're not setting out plans _ laura kuenssberg show. they're not setting out plans for - not setting out plans for change. we know for example that government is opening up more _ that government is opening up more hotels across the country, we know — more hotels across the country, we know that they're focusing on the — we know that they're focusing on the process, which whilst that— on the process, which whilst that is— on the process, which whilst that is important, because it is, nonetheless it is also about— is, nonetheless it is also about how we deter people from coming — about how we deter people from coming here in the first place if they're _ coming here in the first place if they're not coming through lawful— if they're not coming through lawful methods. and so i think these — lawful methods. and so i think these are _ lawful methods. and so i think these are some of the issues that— these are some of the issues that the _ these are some

how will paul atkins for the s.e.c. change the game?usiness exclusive is the s.e.c. commissioner hester purse. welcome, commissioner. you've been one of the few crypto advocates at the s.e.c. what's your response to the just give us the rules of the road request. >> hi, liz. it's great to be here. i agree, there has been a lot of interest in having clear crypto rules now for many years. and it's time and i'm looking forward to being part of creating throws rules. liz: how do you think that if paul atkins is finally taking the place on january 20th of gary gensler, will he absorb that? do you know anything, have you spoken to him about how sees regulation? >> well, i work for paul atkins. i know a lot about how he approaches problems. he's very good at thinking about how to use government efficiently and effectively to solve problems but not to step in the place of the market where the market can do its own thing so he's got the balance right and i think that's why he's -- he'll be very good at tackling this problem. liz: that is the big

atkins has been critical of the s.e.c.ate and investing world speak ought ing out at the book. it's thursday, december 5th, 2024 and "squawk box" starts right now. ♪ ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. welcome back. it was crazy. >> a lot of news. >> a lot of huge names. i can't believe you're still standing. >> i'm enjoying my coffee. >> we will dive deep into everything andrew was doing in just a moment. let's check out the u.s. equity futures. the dow futures are

ros atkins, bbc news.out who brian thompson is and why he might have been targeted. nada tawfik has more. combing through every inch of the crime scene to piece together notjust the who, but the why. police revealed that the words "deny", "defend, "depose" were written on recovered shell cases there. the words appear to be a reference to an american saying about the tactics used by insurance companies to try to avoid paying people's healthcare claims. the evidence has added more weight to the police�*s belief that this was a targeted attack. they're talking to police in his home, they're talking to corporate security. he's in a high—profile business — a business that gets a lot of complaints and in those complaints, there may be some threats, so they're doing all of those things. it's a very methodical process. brian thompson led unitedhealthcare, a successful for—profit insurance company, but one that came under scrutiny from lawmakers for systematically denying people's health claims, leaving them with l

the surge comes hours after president elect donald trump nominated paul atkins to chair the securities and exchange commission. atkins has been a public advocate for cryptocurrencies, and he was co-chair of the crypto advocacy group digital chambers alliance. if confirmed, he'll be in charge of regulating all crypto, including bitcoin. president elect trump's plan to make the federal government more efficient takes center stage, with elon musk and vivek ramaswamy visiting capitol hill today. the two men are tasked with rooting out government waste. but what is on the chopping block? nbc's alice barr is in washington with the lates. good evening janelle. today starts the process of the big plans musk and ramaswamy have for big cuts butting up against reality on capitol hill, where lawmakers broadly agree that government waste needs to go but may feel protective over individual programs their constituents rely on. lawmakers welcoming elon musk and vivek ramaswamy to capitol hill today to start talking about plans to slash the federal government by up to $2 trillion, according to musk. go

atkins is seen as pro crypto and even cochairs, a crypto advocacy group. so to sort this all out for us, let's bring in our business and tech reporter scott budman. so w is it such a milestone? why is it such a big deal that it went over 100? i mean, you said jessica, it's a milestone because it's a gigantic number. that's a big round number, $100,000 for a coin that when it started out in about, you know, 15 years ago was pretty much a dollar per coin. and it has just steadily risen since. it's been way up. it's been way down. it has nearly doubled in the last three, three and a half months. it's up about 30% just since the election alone. this is now an asset that a lot of people are very excited about, even though its value is really based on the fact that people give it value. they're excited about this, right. and that a lot of people still don't really even understand how it works. you mentioned the election. let's talk about that. is the fact that it went up so much directly related to president trump's pick for the sec, or is it because he's been p

ros atkins, of bbc verify, has our top story. brian thompson was shot dead on wednesday morning.attacked a few blocks from times square and central park, just outside the hilton hotel in manhattan. police now say this man is a person of interest as they pursue their investigation. the first known sighting of the gunman is by the 57th street subway station. this cctv image, obtained by the washington post, is time—stamped 6.15. the next sighting, according to us media, is 6.17 at a starbucks. the police released this image from inside the cafe. then at 6.30, we see the same man in this video, published by the new york times. he appears to be on the phone. nearby is the hilton hotel. brian thompson was attending a conference there, and according to police, at around 6.110 the gunman arrived and waited. minutes later, this video shows mr thompson by the hotel. the gunman approaches and takes aim. he ignores a bystander close by, who flees as the shooting begins. also, if we zoom in, after the initial shot, the gun appears to temporarilyjam, and one firearms expert told us the gun ma

that's atkins. missed files which hit the city russian city offered sag and rog this week as a response. if you can recall the energy systems used by the created military worse truck and the you can see now russian defense ministry reports that a further action has been taken. right. are teaser one customer everyone with thank you. i mean, well, in an interview with time magazine and donald trump called kids decision to strike deep into rush up full list and a major escalation. yeah, going by the administration had approved the move. and i disagree very vehemently with sending missiles, hundreds of miles into russia. why are we doing that? we're just escalating this war and making it worse. i think the most dangerous thing right now is what's happening. where's the lensky has decided with the approval of, i assume the president's to start shooting missiles into russia? i think that's the major escalation. i think it's a full each decision. i say, you know, he's trying to set the stage where some of the go jason's, the problem is by the administration as they're going out to, doesn't wan

indiscernible] president emmanuel macron searches for a prime minister and bitcoin surges as trump picks paul atkins plus south korea's defense minister is replaced. martial law. ♪ tom: bitcoin is the address that -- asset of choice. french stocks are up, looking post political uncertainty. bit of a reader footing lower. snp futures punch through a record high, gains from nvidia and others, futures are flat and nasdaq futures are down. flip da board. 102,000, historic for cryptocurrency pushing fruit the key marker on the pick by doing all trump. linked to politics the currency is shy of 2/10 of 1%. politicians work through proposals against the president, the benchmark is down so far and we focus on the 10 year, jay powell says u.s. economy is remarkably good in officials can be cautious. emmanuel macron is looking for a prime minister. the french president needs a premier to pass the budget through a divided parliament. >> i'm saying there will come a time that the pressure will get more intense but he will have last word. tom: let's get more firm -- from kriti gupter. what is next? where does he

definitely changed and this news of the price crossing 100,000 came after mr trump nominated for atkinsulating the cryptocurrency industry before as the chair of the country's financial watchdog, the securities and exchange commission. of course this comes after the current chair, gary gansler, has announced he will step down because esther trump basically publicly said he would fire a gansler on day one. mr ganslerwas he would fire a gansler on day one. mr gansler was known as a sceptic of the industry, calling cryptocurrencies a wild west. this really shows how mr trump is sending the message to the market that the us will change its attitude or regulations towards the cryptocurrencies industry. it is interesting, though, this 100 thousand actually happened many hours after mr attkins's nomination, especially because the us does have a lot of number of dough traders, but it is also interesting to note that south korea and other asian countries actually do have many crypto traders as well, and there are also reports that a sense of martial law was announced on tuesday night, the surge,

ros atkins of bbc verify has been following the latest.this man is a person of interest as they pursue their investigation. the first known sighting of the gunman is by the 57th street subway station. this cctv image, obtained by the washington post, is time—stamped 6:15. the next sighting, according to us media, is 6:17 at a starbucks. the police released this image from inside the cafe. then at 6:30, we see the same man in this video, published by the new york times. he appears to be on the phone. nearby is the hilton hotel. brian thompson was attending a conference there and according to police, at around 6:40, the gunman arrived and waited. minutes later, this video shows mr thompson by the hotel. the gunman approaches and takes aim. he ignores a bystander close by who flees as the shooting begins. also, if we zoom in, after the initial shot, the gun appears to temporarily jam, and one firearms expert told us the gun may have a silencer. after the shooting, the assailant runs across the street, leaving brian thompson lying on the groun

trump continues to fill his cabinet, including paul atkins, sec chair and commissioner of social security administration. trump tapping kelly loffliblofler and billy long. pete hegseth has received renewed -- from the president-elect trump and does not plan ongoing anywhere. >> todd: brooke, thank you. today in d.c., elon musk and vivek ramaswamy are taking doge to capitol hill, they are set to meet with new senate doge caucus before talking to house republicans. doge is republican led, it is already seeing bipartisan support. lance gooden will attend the meetings today and we'll talk to him later this morning. on the hill, ronald rowe will testify before the task force for first time since taking over the agency. this is house panel's final hearing, they are expected to address secret service failure during the assassination attempts. he said july 13th was failure of secret service to secure butler site and protect president-elect trump. critical gaps in secret services obligations, i'm committed to ensure secret service never has a failure like this again. rowespaz will outline changes

bitcoin broke the $100,000—mark for the first time this week, after cryptofriendly paul atkins was nominated the press. the sale of the world's oldest sunday newspaper looks to have gone through. the boards of the guardian media group and its owner the scott trust have approved the sale of the observer to tortoise media. the weekly is changing hands despite repeated strikes by staff. stay with us here on bbc news. hello from the bbc sport centre. let's start with cricket, where another harry brook century gave england the upper hand on day one of the second test against new zealand. the tourists lost early wickets, but brook then steadied the ship, continuing his excellent form, on overseas pitches, hitting 123 from just 115 deliveries. ollie pope also made 66 as england were bowled out for 280. new zealand struggled in reply — brydon carse taking two wickets as the black caps finished the day 86 for 5 trailing by 194 runs.

it was not after the atkins news. it was also that time in the asian markets start waking up.in south korea, a really robust market for cryptocurrency, especially since the korean won is weakening. crypto trading in south korea is on a volume basis. dollar value turnover basis for trading. it is bigger than the kospi stock index to give you a sense. scarlet: that is incredible. michael: it was around that early wake-up time in asia when that happened. what happens next, a lot of that relies on, the biggest issue outstanding in the market is what donald trump wants to do with the bitcoin strategic reserve. whether he wants the government to not only base that reserve on the tokens it already holds through criminal cases. whether he would embrace this idea in the senate to buy one billion bitcoins to add to that. there is skepticism that that will really happen. there is some optimism about that baked into the market. we will have to see if he embraces that idea. scarlet: he has mentioned it but has not come back to it so there is room to speculate. michael: there is room for di

bitcoin is in focus after the crypto currency crossed $100,000 mark with donald trump tapping paul atkins. chair. >>> before we let you go, a quick look at european markets. they are trading higher today. we have the cac 40 up .22%. ignoring the political turmoil. the ftse mib up .7%. here in the uk, more flattish moves in the ftse 100 despite the corporate activity we have seen today. in terms of u.s. futures, this show we are shaping up ahead of the open on wall street. this suggests a mild trading day over there despite the economic activity. we are going to see economic data we are going to see. nonetheless, i would highlight tomorrow is a very important day for you across the u.s. assets really with the jobs report due as well. however, that is it for today's show. i'm silvia amaro. stay with cnbc. "worldwide exchange" is coming up next. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly real

atkins is a big ad advocate for the industry and saks partner high tech venture fund has a lot of crypto to you, bret. >> bret: edward, thanks. president-elect trump calling for the end of the practice switching your clocks twice a year. he wants to get rid of daylight savings time. senior congressional correspondent chad pergram tells us why. >> master clock. >> political sands of time may be shifting in washington. president-elect trump wants to ditch daylight saving time and park the nation on one time year around. >> i agree with him. florida already passed that. already signed by the governor. just waiting to be enacted. >> the incoming president declares daylight saving time inconvenient and very costly. he wants republicans to eliminate it. >> i can't stand it. i don't care if it's daylight savings or if it's -- you know what's the other one, standard time? it doesn't matter. >> flipping the clocks twice a year sparks chaos in the body'ser is indicated yum rhythms. >> we have increased risk of stroke and heart attack. much better to have a uniform time that your biological clock g

trump tapped former sec commissioner paul atkins to replace gensler.n. and finally, the industry wants a rollback on sec guidance that was issued in 2022 requiring public companies to present crypto assets held on behalf of users as a liability. those are the three big things, and they could get it with their crypto president, ash. ashley: yeah, they could, indeed. madison, thank you very much. >>> coming up, many americans will end the year with not so merry, high-interest credit card debt. we're going to get into that issue. and the mega millions jackpot could be the fifth largest ever. the top prize now worth more than $1 billion. whoo. we'll is have the very latest next. ♪ ♪ confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit h

joining me now is kimberly atkins, senior opinion writer and columnist at the boston globe.-in-law" podcast. one of my favorites. we can go cross-eyed, but i'm focusing on the numbers for the blacks and hispanics because they dropped, in my opinion, precipitously, even though the numbers for asians may have gone up at harvard law school. scotus lawsuit was brought on behalf of a group of asian students. i mean, the original scotus case that managed to dismantle affirmative action, did it succeed but only for the asian students? >> i just want to remind people to start with, and good to see you, thanks for having me on, the lawsuit that was brought actually wasn't actually on behalf of asian students. there were not actually asian students from the law school. >> it was a group, yeah. >> it was a group claiming to be operating on asian students' behalf. what this was, was a long effort to eliminate the consideration of race in admissions in school. that was finally after a lot of smaller battles, it finally won the war with that decision, overturning affirmative action. yes,

now, atkins is very well qualified. he is a former sec commissioner. well-liked in washington.n if that name sounds familiar, he is the billionaire pilot and entrepreneur who commanded that private space mission to become the first private astronaut to conduct a space walk. if confirmed, he would actually be the third nasa administrator to have previously flown in space, including the current nasa administrator, bill nelson. utah senator mitt romne, meantime, announced he would retire at the end of his term. we've known that since last fall, but now the end is coming soon. as the republican party changed, romney went from his party's top choice to be president to someone maga calls a rino. that's republican in name only. i've been in public service for 25 years. i have learned that politics alone cannot measure up to the challenges we face. our country's character is a reflection not just of its elected officials, but also of its people. i leave washington to return to be one among them and hope to be a voice of unity and virtue, for it is only if the american people merit his

talk to why people are so excited about paul atkins in charge of the sec. >> there's a domino effect.ed in the industry, the new chairman is such a pro-bitcoiner and pro-crypto person but also pro-clear regulation and that's what the industry has been upset about because it just stifles innovation and doesn't allow, you see what happens when the government sort of gets out of the way. this is just the sentiment. we don't even know where it's all headed but just the feeling that this industry and this asset class is going to be able to do what it was built to do here is amazing. charles: there's so much frustration with the current sec chair. i couldn't get him to come on this show. it felt like to your point dragging your feet, or being obstruction, and no one understood why, because it felt like as a professor he understood the value of bitcoin and cryptocurrency but never, what's the competing side to that? what's been perhaps the invisible hand that's held back, that held back the sec? >> well it's interesting because we see now this excitement about donald trump being pro-bitcoin,

he chose paul atkins to lead the sec and last night we learned david sachs will serve as the first ai crypto's are, underscoring the trump enthusiasm for the crypto sector. adriana has been following the trump moves closely and she joins us now. so, who exactly is david sachs, this new ai crypto's are? i heard he is a part of the ai mafia, venture capitalist with softer businesses there. is he intimately tied to crypto? >> the important thing to note is that he has been supportive of crypto for a while now, as well as in the ai space. we had reported previously that there would be a crypto's are. it was not clear at the time if that would be combined with this ai's are role. we now know that it is. again, that points to how far, you know, these emerging technologies, how big a role they will play with the trump administration. this is really capping what has been a turnaround because of his relationship with crypto. right? originally he was skeptical of it. on the campaign trail he said he would fire gensler. now we have adkins, supportive of it. sachs, like him, a supporter financial