sheila bair is live with us tonight.oing to hear from virtu ceo douglas cifu he says an sec crackdown would be absurd. we first want to start off by talking about the op ed that is getting a lot of buzz today. sheila, welcome back to "fast money. great to have you with us. how does it hurt the public markets? >> well, it defeats competition. you don't have to publish the best price to draw the 0order, you decide whether to take it or not. if you take it, you provide a bit of incremental price improvement on whatever the invested ask is or you send it to an exchange, it's your option it impedes competition you don't have to compete based on getting the order on your quote. you're going to hide your trading interests. that's what's going on there are two trading interests. some of that is being reflected from payments to brokers as opposed to giving spreads to retail traders i know that's hard for them understand they like the commission free trading but believe me, they're still paying for it, just with poor quality execu

his name is ely bair.costs. but he was oh, so wrong. his bill for the second procedure was nearly -- listen to this -- ten times higher. yep, ten times. we're looking at the story as part of our continuing "bill of the month" partnership with caser hecase kaiser health news and npr. ely bair had severe jaw pain until he underwent a two-part surgery to realign his mouth palate. he had health insurance that covered most of his first surgery on his upper jaw in 2018. he paid $3,000 out of pocket. bair switched jobs before his second surgery on his lower jaw in 2020 but still had premera and did the procedure at the same hospital. >> after the second surgery, that fixed everything. m.i.y migraines were gone. >> then the bills came. this time bair's out-of-pocket expenses totaled more than $27,000. he learned that having the same insurance provider did not mean the same coverage when he changed jobs. in his new plan, there was a $5,000 lifetime limit policy for jaw surgery. >> i was speechless because i had nev

a month after the mueller report, bill bair gave john durham a new task. he told him to go out and examine where the trump/russia investigation came from in the first place. this was something trump had been demanding for a long time. there is no russia investigation. anybody who says the russia thing out to be investigated. they investigated. so barr gave durham this remit. dig up some investigation which culminated in the mueller report was bogus, cooked up by false pretences by the anti-trump deep staters or the clinton campaign or ukraine, whatever you can find to support trump, he is insistent that the whole thing was a hoax, that the whole thing was, in fact, a crime against him. and you might not have heard this. you may not have heard john durham's name if you don't regularly consume right-wing media, but on the fox news channel and republican lawmakers have been constantly heralding what the durham investigation was going to reveal. all of the people who were going to go to jail for investigating trump and russia, for, in their words, you know, gi

mid 70s in palo alto and over the bair to frag.day forecast will show that we do have more comfortable weather coming our way. i can see no problem with the smoke. by the afternoon. it will still be okay to be outside and breathing that air. next monday and tuesday, if labor de comes in, 95 monday and it drops to 99 tomorrow. >> get out and enjoy it. yeah. >>> happening now. >>> the santa rosa employees must show testing or a vaccine. >>> san francisco will soon start paying people to not shoot other people. the city is launching a pilot program in october paying people $300 a month to not commit crimes. the goal is to reduce gun violence. it will start with ten people who want to challenge their lives and become community ambassadors. people who participate will have to pass a an interview. it has been shown to be a cost effective way to reduce gun crimes in other cities. >> this sbl about cash for criminals. this is about sporting and valuing people's time and expertise and help us dig through how to address the problems and cris

mid 70s in palo alto and over the bair to frag. my seven-day forecast will show that we do have more comfortable weather coming our way. i can see no problem with the smoke. by the afternoon. it will still be okay to be outside and breathing that air. next monday and tuesday, if labor de comes in, 95 monday and it drops to 99 tomorrow. >> get out and enjoy it. yeah. >>> happening now. >>> the santa rosa employees must show testing or a vaccine. it takes effect october 1. we're back in a moment. every single day, we're all getting a little bit better. we're better cooks... better neighbors... hi. i've got this until you get back. better parents... and better friends. no! no! that's why comcast works around the clock constantly improving america's largest gig-speed broadband network. and just doubled the capacity here. how do things look on your end? -perfect! because we're building a better network every single day. >>> san francisco will soon start paying people to not shoot other people. the city is launching a pilot program in oc

dina bair has more from the courts. the crisp crack of pickleball paddles every morning, 7 days a week. >> the 6 courts are full. it could quickly 10 to 20 people waiting is just jam packed. every day. >> it's super social. it's it's competitive. but there's just some energy about it that just makes it super fun. the courts here are about 7 years old. but the sport has been around much longer since about 1965 when a group of friends in washington state created the game to keep their families active during the summer. if it takes more than 2 steps to get to the ball, let it go. they'll be another point after that bill boyd is a pickleball ambassador. he teaches fundamentals to the locals who drop in for doubles action. again, commonly found in retirement communities in the south is attracting players of all ages. i've seen an 18 year-old, an 84 year-old. >> on the same team. it's wonderful that the popularity of pickle has contributed to an increase in injuries. we see people following it wrist injuries. we're seeing peo

level, good for him for making this announcement >> you brought that up when we were talking to sheila bair yesterday. when you're talking about leveling the playing field and the perception it is not level in the first place, karen, this really adds fuel to the fire if you say these guys have inside information in some way. whether or not this is true. have inside information, have some sort of inside, you know, directions as to where things are headed the system is going and we're the little guy left on the sideline >> yeah, i think the little guy should be upset about it because they do have access to this information. and they make this information not only do they know what it's going to be, they help craft it, right? so that, i think he's doing the right thing. i don't think there's necessarily anything to read into it that there was anything appropriate. i also think he's doing the right thing by going into efts, which it sounded like what was going to happen, not just going into cash because that may send a signal that is warranted or not, as tim brought up, i don't know so he's doi

tonight on "fast" the epic battle brewing over payment for order flow former fdic sheila bair comingcoming up. watching a developin