cftc has extremely important mission. how is this? the best way i can think to describe it the easiest way that we try to promote free and fair markets and commodities, things that people use every day like agricultural products, wheat, corn, sugar, digital assets, foreign exchange, precious metals, any sort of foreign currency. that's the mission of the agency and the whistleblower program that we have is a really important part of a very important mission, we have statutory authority to make cash payments to whistleblowers who come forward and help the agency bring cases that results in recoveries. so far since the inception of the program the agency has awarded over $370 million to whistleblowers that came forward. the thing that i think about the most about the program, though, is the following statistic and that is for the entire division of enforcement for the cftc approximately 30 to 40% of those matters involve whistleblowers so 30 to 40% of those enforce matters brought by that agency either originate with or rely on the whis

so the senate bill could only focus on the cftc, but that's the one that schumer seems interested in.w is the chair of the agriculture committee, so they can put it through like that. but would republicans back that bill is the question. several lawmakers who i talked to said they have concerns about what that legislation looks like, and it's going to be interesting to see if they take this up in september when they're back for just a couple weeks and that's it before the election. >> which ever candidate becomes president, this is where the policy will really be played out, and could be very different depending on what that final bill looks like. emily, thanks. we appreciate it. >>> coming up, shares of applied materials were lower today despite beating on the top and bottom line. fourth quarter guidance was higher than expected. shares are down 1.5%. we'll check on some of today's other big movers, next. switch to shopify so you can build it better, scale it faster and sell more. much more. take your business to the next stage when you switch to shopify. >>> welcome back to "the exc

this is a forecast ex-change, cftc approved exchange.ission merchant can join the exchange. >> a final question, just as we have experienced this weekend a number of platforms having l log-on issues and so on, is that because they have become so digital or a ticker provider catching things up, can you shed light on this situation? >> interactive brokers did not have -- well, it's the high traffic that impacted other brokers. they are not used to it, they don't have the band width for that much traffic. >> are you going to bet on global temperature and national debt on this platform? >> i would love to, but unfortunately given that i'm associated with the exchange, i'm not allowed to. >> i understand. thomas, thank you for joining us here to explain it. we would love to start feature thing data ourselves to show people what the market thinks. we appreciate you adding this to the conversation. >> that's great. thank you very much. >>> coming up, stocks are near session highs, even after that nasty 30-year auction, the nasdaq is up nearly 3

add on the fact that sentiment, if you look at the cftc data is worse, more extended than we were in early 2018. and february 2020 pre-covid. so, it was almost like this was the match, the kinding was extremely dry. i think steve's right, everybody's got a different reason. it almost didn't matter what the reason was. >> let's focus on the mag seven names. falling another 4% today. nvidia among its biggest drags, falling 6%. it comes on reports that nvidia is seeing delays for the blackwell chip. deirdre bosa has the latest. >> the nasdaq has riped up $2 trillion in value. the mag seven hit particularly hard today, shedding more than $650 billion in value. you touched on it with nvidia. part of the rerating the fundamental. lowered expectations and unwind in the a.i. trade that's powered megacap tech performance. the last earnings raised questions over returns and mon if ii tization. adding more fuel to those worries, that report you've been talking about that nvidia is delaying blackwell, its next a.i. chip, as dan was saying, that could push out billions of dollars in revenue that

the cftc would have the power to protect consumers.ke a bipartisan balance to able to move through legislation. f f fairshake will pour $25 million into 18 house races. they will put $12 million in ads backing bernie moreno. he is challenging sherrod brown. he has been unwilling to engage on crypto legislation. guys. >> i will not ask the dumb question if they make the contribution in crypto. i'll ask another question. >> it's a good question. although they probably don't. >> it's not a bad question. donald trump sold $1 million in crypto. if you want to ask about it, st steve, i'll ears. we'll go wherever you want. >> what do they want really? do they want protection and stability for the consumer or are they playing an action of don't hurt us or something else in terms of trying to get -- i don't know, crypto become part or a more common currency out there? are they trying to keep the central bank from issuing a digital currency? what is the end game here for crypto? >> reporter: steve, it is a great question. to a certain extent, a

if we look at things like cftc positioning which is not perfect for looking at yen positioning, it has bounced back a lot, meaning that a lot of shorts have been covered. but it does raise the point that we could still be in this world of higher volatility in fx markets and note this week high volatility within fixed income, cpi, ppi, and fixed sales. >> what's the most important the retail read or what felt like a panic attack a week ago today? >> because we think there's a greater risk for downside to growth than there is a risk for upside to inflation, we think retail sales is actually more important. of course cpi or ppi comes out hot, that could spark a lot of volatility, mostly in the bond market. remember the bond market still has quite a few cuts priced in, four cuts priced in through the end of the year. if we think about that growth story, it really will give an eye to how accurate is the labor market data. if retail sales falls off, we might know that the labor market could be weaker than the headline data suggests. >> the way you put this to our production team was, what ha

mechanics and saw the gamestop one and very, very interesting and you'll see something come out and cftccessarily crystal clear because there's a weak lab but there's something on friday. there is a lot of heavy positioning and leveraging within the japanese yen and the change that i saw wasn't significant to give me any hope or confidence. i guess like fed, i need confidence in the data to say this is done. but nonetheless you know a lot of my career was spent on active trading desk and margin calls are this one way to cover theming and buying treasuries and they have a 10% requirement and can leverage buying into treasuries is even real as well or if that was just a short term band-aid solution to cover more. charles: i love what you're saying and never know that and something to consider because of the swiftness of all this movement. i got just 30 seconds though. what stocks are you looking at now? >> we'll talk about nvidia. it's taken a hammer and coming back today. the hyper-scalists reported nvidia's weight on august 28th and hyper-scalists are spending more money and remember tha

. >> i was surprised on friday, we got the cftc data.mes, looked to see what other people were seeing. my data was right. we didn't really see any improvement in futures positioning. so we still look like we're pretty crowded, including in things like the nasdaq futures. i think seasonality is treacherous this time of year. and we got a lot of uncertainty around the election, we got new economic policies supposedly being dropped later this week. and then i think we're going to come back after labor day and investors are going to be wanting a lot of information from companies about how things are going in the economy, how things are going with consumers, one thing i remember, just in recent years, companies don't like to give a lot of information at that time of the year. they push off and don't like to give a ton of forward guidance. i'm worried about that as well. >> we will get information about the consumer, just not after labor day and september. we're getting it now, earnings season, and we'll get what could be the lifeline for the

the number we like to look at is the cftc and futures data.most widely available. if you look at asset managers in aggregate positions, though some fallen 50% so consistent with what we have heard. there are two ways to look at this. there is looking at it in a vacuum and saying if this goes to zero, you have another 50%. a better way of looking at it is are we actually going to see a real level change and recession concerns. all the talk about growth concerns, i have talked to a few investors with genuine recession fears. forecast have been marked off from the global economy working at consensus forecast for the last three or four months straight. if you have a genuine recession fear, if you start to see that in growth forecast's, that is when you can unlock the next leg of dollar-yen downside. i don't think we are there yet. jonathan: we spent time talking about the federal in this. let's spark that craziness for a moment. i want to talk about the boj. it was uncomfortable with dollar-yen on the way up. how comfortable is it with the way it