charlie gasparino joins us now with the latest details on this. charlie, hello.> i have a call to him, too. we should put out the partnership for new york city is not some random business group. it's the big banks, j.p. morgan, morgan stanley. all the big players are in it. about 30 of them met with bragg. they voiced their concerns. you know, here's essentially the bottom line. i'll give it to you and tell you the people that made the comments. the bottom line is if you want to open new york city, you want people to come back to the office, your memo was not -- which says i'm not going to pros cues someone getting their head blown off in manhattan is not the way to go about it. people are scared. we can't get them back in the office because they believe with good evidence that the city from a crime standpoint is raging out of control. they made that point forcefully. i heard it was a good meeting. i don't think there was screaming and yelling involved. but i think one of the more poignant aspects of the meeting is the first call, the ceo of deloitte we should po

to charlie gasparino, what are you hearing from the short sellers or about the short sellers? lie: they are negative on this and for a couple reasons. we should point out the short interest this flies all over the place. i've seen it as low as 4% last september it was a high as 20%, or something like that, in august and it exceeds 10% right now. should point out that any short interest that is above 10% represents, you know, mostly negative sentiment building into the stock, and the short sellers are betting on two things. they are saying that this company faces tremendous financial headwinds, there's an interest rate increase, say we get a 50 basis point increase in march that means there's less retail trading and that's their bread and butter and they are a no-fee outfit that retail trader s can trade for no fee they became a huge phenomenon during the meme stock explosion in january of last year, as we know all those meme stocks have traded off significantly, so there's less juice in terms of that crypto is selling off again that's another big part of their business model, t

up next, charlie gasparino digging into the trading app -- thanks, marty -- that the reddit rebels loveext. and, again, let's check the big board, focus on the dow here. down two straight weeks. it's down 239 points, but believe it or not, that's well off the lows of the session. at one point, it's been a very volatile, rocky week, it was down 472. "claman countdown" and the market, both coming right back. ♪ ♪ throughout history i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire some of my best memories growing up, were cooking with mom. she always said, “food is love.” so when she moved in with us, a new kitchen became part of our financial plan. ♪ i want to make the most of every meal we have t

liz: okay, charlie gasparino, thank you very much.o go before the closing bell dow down 152 we're coming right back. everyone remembers the moment they heard... “you have cancer.” how their world stopped and when they found a way to face it. for some, this is where their keytruda story begins. keytruda - a breakthrough immunotherapy that may treat certain cancers. one of those cancers is advanced nonsquamous, non-small cell lung cancer where keytruda is approved to be used with certain chemotherapies as your first treatment if you do not have an abnormal “ . an happen during or after treatment and may be severe and lead to death. see your doctor right away if you have cough, shortness of breath, chest pain, diarrhea, severe stomach pain or tenderness, severe nausea or vomiting, headache, light sensitivity, eye problems, irregular heartbeat, extreme tiredness, constipation, dizziness or fainting, changes in appetite, thirst, or urine, confusion or memory problems, muscle pain or weakness, fever, rash, itching, or flushing. these are no

hear what charlie gasparino is uncovering. the migrant surge leading to a surge of frustration. could border agents sounding off force the administration to take this crisis head on? >> you're allowing illegal aliens -- >> you are doing something. >> no, sir, we're not. different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. ♪ limu emu and doug.♪ and it's easy to customize your insurance at libertymutual.com so you only pay for what you need. isn't that right limu? limu? limu? sorry, one sec. doug blows several different whistles. doug blows several different whistles. [a vulture squawks.] there

charlie gasparino know is back to annoy us -- i mean, to join us -- [laughter] charlie. >> i love yourica c? -- amc? stock is off more than 60% from its highs. liz: this is true. up 1,000 plus percent over past year. >> i know. but a lot of people bought it at 72 thinking it was going to the moon, but that's one of the problems -- that's another segment. liz: thank you. >> which i'm sure we'll get to sometime this week. the segment today is wall street, kind of back to the future. liz, we should point out that the wall street firms boast probably a 95% vaccination rate, yet they're seeing a surge in the cases of the new variant. and that's why what we have now is, i would say, a march 2020 style lockdown of the wall street firms in terms of office work. firms essentially really encouraging people to work from home. they're not saying you have to, but their bosses, supervisors are encouraging people who can -- except for vital staff, and we'll get into the type of vital staff that need to be in the office -- that just about every firm, they're all different in different ways, but just

we're on top of it all with art hogan following it from the market perspective and charlie gasparino on the fall-out for the business world. let's first get the read on charlie what you make on what happened in the markets today and why they responded the way they did. >> these markets have been pumped up by the fed for a long, long time. and the fed is out of the game and out of the game faster. that's a supplies. markets hate surprises. it's fascinating what stocks really got crushed today. it's some of the really risky assets. the memes stocks. amc was down 11%. gain stop was down. crypto is down. so what you're seeing is investors in a higher interest rate environment, more volatile environment going out of risky assets and starting to put their money in more stable companies, companies with stable balance sheets and stable earning powers. it was bound to happen at some point. it's happening now sooner and the markets will sell off if they go through with this i think -- ask art about this. i think they sell off violently. >> neil: i will be doing that. by curious, what is the sur

to charlie gasparino, with the latest breaking developments charlie: we should point out, this is a fox that moved that from my producer and i've been posting some stuff more recently. our reporting has moved xrp. here is what we know about this case. we were just asking simple questions, where is it? people thought, you know, earlier that early this year, there be some movement in the ripple case versus the sec, the sec suing ripple. the big technology company over its xrp cryptocurrency saying it's really a security that needs to be registered with the sec. ripple says no way, we're no different than ethererum and bitcoin, and this thing is going to be hashed out in court. it's probably the biggest crypto case out there. it's going to set the stage for sec enforcement going forward, how much authority they have versus the cftc, so keep an eye on this but we were just asking simple questions. where the hell is it? we're into january. we found out there was no movement and then we are thinking here is what elle essentially came up with. both the sec and ripple are asking the judge in th

charlie gasparino says those activist investors are getting guidance from one of the most famous namest. what does that mean for the retailer? charlie breaks it next. closing bell, 28 minutes away. here's what we see on the screen. again, this push you/pull you moment. dow is up 11 points. s&p down 20, the nasdaq lower by 181. ♪ ♪ whether you've enjoyed the legendary terrain in telluride, the unparalleled landscape of park city or the famed peaks of whistler, you face the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking, ship skis delivers hassle-free. ship ahead and go catch those first tracks on fresh snow. it's a thirteen-hour flight, that's not a weekend trip. ship ahead and go catch those first tracks fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before

cheryl: charlie gasparino, sharp as ever.out oil just now we are pumping higher right now the countdown closers got one black gold into cold hard cash the closing bell will ring seven minutes to go, "the claman countdown" coming right back. ♪ at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. . . i'm ben affleck and i want to thank you for joining me and supporting paralyzed veterans of america. i joined the navy to serve my country as a navy seal. i wanted to protect the people i love and the country i love. being a seal gave me so many things, but i gave something too. while parachuting with my platoon, my parachute didn't open. i broke my neck. it left me paralyzed. i realized that everything i had planned for was now gone. paralyzed veterans of america was by my side from that moment on. since 1946, paralyzed veterans of america has kept a promise to our wounded veterans.

joining us now from connecticut, charlie gasparino, senior correspondent for fox business network. is is a civil case, there's a separate criminal -- >> right. howard: so isn't this leticia james plague to the msnbc crowd? if she could prove it, wouldn't receive she have already sued? >> that was my first instinct. number one, that story. i mean, why is the press going harder at her saying, okay, if this stuff is so bad, if donald trump really did rip off deutsche bank or ivanka trump really did inflate the price or deflate the price of her apartment, why aren't you just filing a lawsuit right now? why are you just -- why are you trying this stuff out piecemeal? it's kind of offed. and then the other -- of odd. i've covered this for a really long time because of pursuit of white collar criminals, it's always a political office, but i've never seen anything this to vrtly political from the sitting attorney general who actually runs on the fact that i'm going to get this guy, i'm bike to get donald trump. and then she brings, then she goes and tries to get him. it's taking a level of

lauren: charlie gasparino, thank you very much.it might be down 22% but the videogame darling could be pride for thinking that and more straight ahead on "the claman countdown". ♪ whether you've enjoyed the legendary terrain in telluride, the unparalleled landscape of park city or the famed peaks of whistler, you face the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking, ship skis delivers hassle-free. ship ahead and go catch those first tracks on fresh snow. lauren: you are looking at the martin luther king jr. memorial in washington, d.c. on this martin luther king jr. holiday the markets are closed we of course are open for business as we remember martin luther king jr. while struggling airlines have been struggling with staff shortages because of omicron other industries are getting smacked as well grocery stores are one of them they are working so

charlie gasparino is here now with how he believes the markets are going to receive the company 's debutaring from underwriters that not good, particularly as the ipo market could unravel but i'm not quite sure what jamie told maria. i have to watch the show tomorrow morning, but if he's talking more rate hikes sooner, is that kind of what you just said? liz: lots. charlie: okay that means the economy and the markets will slow down and that's what we're getting so i don't know what he's talking about the consumer and all this. yeah, we're not going bankrupt but guess what? the markets are going to trade-off. they are trading off now on this whole rate hike fear that occurs a lot sooner and it's going to upend the ipo market. one ipo i keep hearing about that could be upended and delay ed into next year, particularly if these market conditions as you see right now, which is reactive, purely to what jamie is talking about, extra rate hikes and a potential economic slow down, reddit will be one of those that get pushed out into the new year. way into 2022 until market conditions improve bec

charlie gasparino has the story.ion for crypto, right? some. >> i'm hearing from my sources in the crypto is industry it could come next week. there's a good chance it's coming nexts week. that'll be interesting timing. here's what i would say, we don't know's in the report yet. they will probably leak it to a friendly outfacility, and they don't consider me a friendly outfit -- [laughter] but if i'm owning crypto, this could be important. now, of course, crypto prices, and you have them up there, they're contingent on a lot of things. fiscal policy and whatever regulatory policy's coming out of the white house and monetary policy. monetary policy, you know, usually when it raises rates, crypto gets very volatile, and that's what's been happening lately, and the fed has announced rate increases. you have to look at next week's report in the context of monetary policy as well. but if you take monetary policy aside, take it out, here's what we're hearing from crypto players, that they fear this report's going to come o

charlie gasparino following all of those developments.the fortune of tennis giant novak djokovic who is now allowed to stay in australia. that doesn't mean he can necessarily play in the australian open. he wants to play in the australian open but of course he has not gotten vaccinated. so the powers that be there are not allowing him to and he put up quite the fight, after this. ♪ (judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. wh

charlie gasparino has more after this.cape of park city or the famed peaks of whistler, you face the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking, ship skis delivers hassle-free. ship ahead and go catch those first tracks on fresh snow. neil: all right, it's an interesting little development behind the scenes with the backup in interest rates hedge funds presumably dropping technology stocks in huge waves, and really tanking them. now we don't know how long this continues, whether it has any particular significance, but we've not seen this type of activity in quite a few months. let's get the read from charlie gasparino, he's following this very very closely. charlie what's going on? charlie: neil if you look at say one year chart of all those stocks except for amazon, amazon is a little bit of an outlier here and i'll describe why in a bit

let's bring in charlie gasparino. charlie are, mayor adams is making some gut gutsy moves. least not yet. here's what we know. actually, the numbers of firms that are extending or saying take january off or -- what they're essentially doing is advising. there are no mandates to work from home, liz, as far as i can see. it's more like if you want to come into the office, talk to your manager about it, but, you know, we recommend you stay at home through this surge. this is a surge of the omicron variant which is, you know, highly, highly transmissable. full disclosure, i just got over it, so, you know, it's out there, and, you know, and it's raging. thed good news is, liz, is that while it's more transferable, it's not as deadly. and i'm getting this from my brother who runs the icu at brooklyn hospital. there are not a lot of people in the icu ward. here's what we know as of now when i say not listening. goldman sachs has no plans to change their january 18th deadline for coming back in, and they amean -- they may even extend it. blackrock, as we first reported today, is ja

gamestop making crypto news, let's get to charlie gasparino. my food while you take it away. >> enjoy, liz. i'm never going to cite the meme stock craze being over because i've seen, if any, sis haas -- frenzies last well after they should be over. the whole controversy over fannie mae and freddie mac show it could last years. but traders are really saying that, you know, this whole meme stock craze is starting to get a little long in the tooth. but they're citing what happened last night. gamestop and amc, they were up double digits. i believe gamestop was up 30% last night in after-hours trading when gamestop announced stuff it was already doing, it was going to get into the nft and crypto marketplace. and with that, it was like game on with meme stocks. they trade in tandem. i think a -- amc was up double digits. but you look what happened, me and ellie, my producer, have been querying traders today what's going on? why did they peter out sod badly? gamestop might be closing a little higher, but it's still not up 30% today. it's more like up

charlie gasparino with more on that. arlie, this is sort of like an in your face approach in the financial community, but way beyond the financial community to force the issue, isn't it? >> it is. it's -- i'm not surprised, and i'll tell you why. when the biden administration first came out with its rules that they wanted government contractors, anybody that does business with the government to impose vax mandates on its employees, i spoke with a lot of people on the street, and they thought that was the sort of signal that they could impose very strict vax mandates on their employees. they thought that gave them, essentially, the legal cover to do so. all these companies did business with the federal government to one extent or another. they all want their people to be vaccinated except in rare cases of maybe religious issues or more like health issues. so they thought that was the way to go. it took a while for some to jump out of the box, and citigroup was the first one. neil: right. >> of all the firms, it's always be

let's bring in charlie gasparino. arlie, what are traders saying about the crypto winter of discontent at least at the moment? >> i mean, it's a confluence of factors, liz. i'll use a been of cliches here, a perfect bad storm for crypto. number one, you have lots of regulatory -- lack of regulatory clarity. no one knows who's monitoring the store and how it's going to be monitored, so that freaks out investors. number two, you have the fed raising rates. crypto and bitcoin and all these things, they were used as an inflation hedge, okay? and if you believe the fed's going to raise rates five times, you have got to say, whoa, is this really -- do we, do i need to be in this, cowb -- you know, if the fed's going to deal with inflation. you can see it with amc, you can see it with meme stocks, crypto, obviously, you can see people taking their winnings in tech stocks that had the big runup over the past year. so this is going across the board. and i think the third thing, liz, and this is really important, bitcoin -- you

dealings, said it was politically motivated and now, he's moving very quickly to slap it down, charlie gasparino what's interesting is that the trump adminitration is trying to get her essentially gets the courts intervene to get her to back off her investigation and presumably a case that she's looking to develop against the trump organization, whether he inflates improperly inflates assets for to get bank loans and other reasons. what's interesting is the evidence that they're compiling. we have some of this. in her own words saying that she's doing something political ly motivated. listen up. >> my soul right now is trump. >> will you sue him for us? >> we're going to be a real pain. >> going into the office of attorney general everyday, suing him and then going home. >> they are going to know my name personally. charlie: [laughter] just a little taste, neil. there's more, i hear, to come. interesting case, the new york attorney general's office has always been a political stepping stone for people like elliott sp itzer, for andrew cuomo, where they they are bringing big cases and usually aga

david: crypto-related etf's sinking along with a slide in digital asset prices today charlie gasparinoighing when it comes to the future of cryptocurrencies. hi, charlie. charlie: do you know that i would say since this route began in crypto, it shaved more than a trillion dollars, i think we were talking what a $3 trillion business back in a couple months ago, particularly when bitcoin hit that high of about $60,000. we're down to about 1.8 trillion this is a significant sell-off. if you talk to enough traders out there and particularly, i think the hedge fund guys who were all in, not all in but everybody had a position in crypto of all the big hedge funds. a lot of i'm not going to say who because i don't want to be, they don't want me touting their positions, but a few of my sources said they're out, and these are major hedge fund people. they believe that this crypto, i guess, collapse is going to go further. now, we should put a bitcoin chart up there because it's actually relevant. i know we have to do some stuff with etf's but bitcoin, yeah, and it's interesting, could we do a

charlie gasparino with the details when we return.] woo! thirty-four miles per hour! new personal record, limu! [limu emu squawks] he'll be back. only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ ♪3, 4♪ only pay for ♪hat you need. ♪hey♪ ♪ ♪are you ready for me♪ ♪are you ready♪ ♪are you ready♪ hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find a better life. it all starts with the most innovative technology. like the new miracle-earmini, available exclusively at miracle-ear. so small that no one will see it, but you'll notice the difference. and now, miracle-ear is offering a thirty-day risk-free trial. you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. david: analyst at ubs warning as bitcoin and other digital assets have fallen sharply, charlie gasparino jointing is now with the details. >> a pop public to as any of that you could tell bitcoin and the other major crypto's have formed from their highs

we'll have the very latest developments, with charlie gasparino, coming up.luride, the unparalleled landscape of park city or the famed peaks of whistler, you face the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking, ship skis delivers hassle-free. ship ahead and go catch those first tracks on fresh snow. ashley: wall street walking back its return to office plans, goldman sachs now asking its employees to work-from-home until january 18. these dates keep getting pushed back further and further charlie gasparino following it all has the very latest on this story, charlie? charlie: hey you doing, ashley? happy new year to you. i guess you could say, this is back to the future. i mean, we're at a point now, i think, on wall street given the surge in the latest variant, ashley, that it's march 2020 essentially, at least and i'm not saying it's going to be like 2020 but at least for

neil: thank you, charlie gasparino.is fair to say this is personal she was attacked on the streets, she survived that but it was pretty scary. kelli jane you're listening to this guy in his policy of wiping awful slate of crimes and taking it from there. i would imagine you got a little concerned. >> i did i had my personal wallet stolen on the upper eastside, not considered a dangerous neighborhood normally but violent crime was up last year, 30% new york city, that is despite all the lockdown that we had throughout the year it is a real problem and certainly just because you got murdered does not mean it's not a violent crime it doesn't mean it's a victimless crime that is for certain i think alvin seems out of touch with manhattan, he's made comments saying were knocking to put people away for shoplifting for food, this is not the problem in new york, i'm sure that happens once in a while but were seen an uptick in robbery and theft and these are not people stealing food to get by, this is crime that hurts people and

charlie gasparino is here on what fireworks we can expect. -- [laughter] i mean, it was on last year, it was off, it's on, it's off, it's on, it's off, and now it's on. and at least next week, apparently she's going to be vote to either in or out from the committee, the commerce if committee, which is the first step before you go before the full senate and your nomination is confirmed. we should point out somethingabout gigi sohn. brilliant, passionate, a progressive. and, you know, she's done -- she's been around so long in the telecommunications business both on, in regulatory matters, she worked in the wicker fcc as a counsel to tom wicker back then, to -- excuse me, tom wheeler back then. get my wickers and wheelers missed -- mixed up. you'll know why in a second. she pushed for net neutrality, active on twitter with. so you can understand why her confirmation is very, is very controversial. she's now under question, people are questioning her role many a nonprofit called low cast. a couple years ago it was created as a nonprofit essential

neil: all right, we had interesting report from brian we sbury, wanted to, charlie gasparino has lotss are going to have to rise a lot faster, a lot bigger than we think. i'm curious if he's right on that. how would the markets react to that? charlie: not well. i mean, i think -- neil: not well, right? charlie: yeah, listen this is right now in terms of the markets and buying stocks and worrying about interest rates is the calm before the storm. remember they're not going to start, they are only tapering now, they are still bond buying just doing less of it so when the taper is over, theoretically , by june or so, that's when they start raising rates. now, this is all what they're saying now, but who knows if he get many more bad inflation prints, if we got much more supply chain issues, that lead to a lot more higher prices, that wages don't keep up with these higher prices, the fed may have to become more bullish or excuse me, more hawkish, and that could really, that could really hurt these markets and i'll tell you, the first stocks that come, the first sort of wave of selling wil

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charlie gasparino has the details. >> i did not know you were coming to this.with zoom. we won't go there. anyway. this is a big story. i've been talking to my sources you are generally major investors with big pe funds in my producers is talking to the trading sources. the vast majority of the opinion is that peloton will not be sold it is way overvalued into this market, the last couple of days of crazy stuff that came out the report that said halting production, that report had journalistic problems including the i don't believe yet to check whether or not the reporter asked the company whether there's documents that she got that were still current that is problematic but the way the company handled it did look good in the ceo looks like he's not worried for prime time i think the stock is up based on a potential for takeover in the crime investors are pushing for but at this evaluation there will not be a lot of buyers i asked people would you take a swing at this thing and they said it's going to come down dramatically. this is going to be an interesting s

fox business' charlie gasparino joining us now with details on this , hi, charlie.lation on the stock split than anything else but we do have some breaking news. blackrock, the world's largest money management firm, david, $9 trillion under management, has just announced to its employees, that it is extending work-from-home hours for them, so essentially, blackrock is saying listen if you want to work-from-home go for it, you can do it through the end of january, january 28 i believe is the day they're giving. now we should point out most big banks are doing this. it's a little different every place else, goldman sachs i believe is january 18, but here 's the bottom line. most of the banks based on their internal calculations and data believe omicron, the current variant, which is highly transmissible, much more than anything else, and a lot of people are getting it, i got over it, and you know, it's out there, that this thing will likely burn through the population by the end of january, so january is going to be a really rough month here in new york city, and on w

let's get to charlie gasparino. a big fan of kenny g. he's here with more. lie: the guy prints money. listen, i think i might have spoken with the guy once, back in 2008, so just so you know i really don't know the guy. we should point out also that citadel securities is a separate arm from the citadel, the hedge fund, he essentially runs both, but they are separate entities run differently, and the company would say the company would say there's a chinese wall between the two, but we're talking right here, citadel securities and it got, here are the headline numbers, liz. it received a $1.15 billion investment from among other investors sequoia investments a big venture capital fund. it values the whole entity, the securities part, at about 21 or $22 billion. they're going to expand into crypto because they had some other partners that came in that know a lot about crypto. they are going to probably expand into electronic trading into government bonds which is kind of a new, it could be a new area for them as you know they're big in high frequency trading in

it was one of the big winners of 2021, and right now let's get to charlie gasparino in new york on whatharlie, nobody's really talking about the pan dem ec e right now here -- pandemic here. when you're not on the air, you've got to be maxed, but tell me what you're hearing. >> and it doesn't matter if you're vax ised sometimes. i contracted omicron, and i was triple vaxxed. but that's the better side of the story. the good side of the story is even as hospitalizations are ramping up, these stocks are trading off because traders who have access to very good information about where the pandemic is going, what happened, what is happening many other places like south africa where this new variant began are pricing in the end of the pandemic to an endemic stage. when is that going to happen? can't happen soon enough, obviously, but they're talking like the next month. and you're hearing this from people inside major wall street firms, inside places like blackrock where they think by the end of this month, maybe into the first couple weeks of february, we're going to get through omicron, we'

we're on top of it all with art hogan following it from the market perspective and charlie gasparino first get the read on charlie what you make on what happened in the markets today and why they

charlie gasparino has been speaking with the experts involved. rlie, this favors xrp big time, right? charlie: i would say net-net yes and we should point out that xrp is the cryptocurrency. i know ripple is going to hate me for saying this because part of their argument is that they aren't really related but they really are. xrp is the cryptocurrency of ripple. xrp was used, was created and then used to finance, buildout ripple's blockchain platform for cross border payments. the sec came in right at the end , the jay clayton's tenure in 2020 and said xrp was used illegally, improperly. it should have been registered as a security. ripple, which issued the xrp again, is fighting back. this is a case, it sounds like g obbly gook here i know but this is a huge case if you're into crypto because if the sec wins this case it's carte blanch e on regulating crypto. it could say etherium is there and it owes us money and they have to go through the process and it's illegal. they could theoretically go after bitcoin and try to track down sitoshi makamora

today we'll have a check on how it's trading, plus a big deal on wall street maybe going down, charlie gasparinoman countdown" is coming right back. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire and there you have it. woah. matching your job description. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. every day in business brings

to charlie gasparino with more on what this could mean for the case, and for ripple. some breaking news from the company. it's telling fox business exclusively that if they do win this case, and they say part of the reason why they are buying back the shares, the private shares, is because they feel very confident they are going to win the case is that they plan on going public right after the verdict comes in, so they are telling us this exclusively, they believe their chances are very good. obviously, they maybe talking their own book here, but clearly , there's a lot of tongue s wage increasing about why they would just turn around and issue xrp which is kind of their native currency. they say it's not related to ripple but the ripple founders created the xrp cryptocurrency. they are selling that and they are selling that to both pay their legal bills, and presumably to buyback these shares, and it caught the market by surprise yesterday. we were probably the only major outlet that reported this , we were first to report it yesterday, and it values the company they

charlie gasparino joining me now charlie it's funny.s suggesting the u.s. adopt the chinese communist economic model so it's a tough case to make. charlie: you know, larry fink is one of the smartest market guys. i'd love to get his take on inflation. instead he wrote a lot in his letter to the companies he invests in, just some of his thoughts about the markets, about what's going forward, and particularly, about environmentally sensitive invest ing and you know, he's taken a lot of flack from conservatives about this being too woke, maybe pushing companies to adopt more esg standards to reduce the carbon footprint to zero and a lot of conservatives are against this because that could hurt the economy in the short run. you just talk about inflation. one of the problems with inflation is that it's high oil prices one of the problems with high royal prices is that the biden administration is prod ding us to tomorrow to go out there and reduce our carbon footprint by, you know, 100%, so remember that's all related. what i found interestin

is trying to get the fcc anomaly approved by congress, the question is what is the hold up, charlie gasparino>> there's a lot of stuff going on behind the scenes. she is smart and passionate about issues, she is very progressive. and putting it mildly she is for ramp-up of net neutrality which was ended by the biden administration and posed during the obama years during her in the fcc chair tom wheeler, trump got rid of it, she wants to bring it back in a much more expensive way. we should point out there's other progressive issues that she's in favor of, is a controversial nomination that has republicans up in arms and even some democrats up in arms. what they're trying to do is figure out, he is a long public history on stuff like attacking fox news. as i said were a threat to democracy. because of all the stuff they're trying to figure out a way that they can carve out recusal's that would repeals moderates preachy can't vote on everything because she has a well formed opinions on those. it is hard to take being a fair judge or an appearance of a fair judge objective if you have a long rec

charlie gasparino has the very latest on this story from our new york newsroom, charlie?ul thought she had the business community locked up and it looked like based on her contributions she had it locked up, in terms of support for her to run for governor next year, and remember she's probably going to get a primary challenge from tom swazi, a congressman from long island, a moderate democrat. she's also got two republicans that are fighting for the nomination that one willow pose her, rob astorino, the former westchester county executive and lee zeldin, another congressman from long island, but it looked like she had the whole thing locked up, support on our side, big business community in new york city particularly was lining up behind her, and then you had this brag controversy where alvin brag, the manhattan d. a. came out and said he's not going to put anybody in jail unless you kill somebody. that's essentially what his new policies came down to. just random attacks, do not necessitate felony convictions or charges, plus there's no jail type. you go down the line. i

he would call it reform, charlie gasparino joining us with the details. >> one of the ways you can figuren meets with the calendars published semi-regularly, the october calendar for the sec chair gary gensler is out there and i went through and i found something interesting to people showed up on the calendar that, i i input a lot of people on wall street particularly in the trained high-frequency business gary gensler had meetings with michael lewis, do you know that name, the author who did flash boys and a lot of other things he wrote a high-frequency trade trade and they both had, he runs an exchange and anti-agency called ie x, both had meetings with gansler in october. a lot of speculation on what that could mean whether renewed push to crack down on high-frequency trading. lose it under lewis' thesis and brad's thesis that high-frequency trading is ripping off pension funds and investors and not a lot of evidence and never sustain crackdown with a high-frequency trading after the book came out. but that was back in 2012, this is a different story a more activist sec and more activ

manhattan district attorney alvin bragg over his policing policies if you can call them that, charlie gasparino >> i hope they don't back down it looks like the partnership a real impact on alvin bragg and the signs that are out there now because he's rethinking his approach and the business community and he saying he's good to prosecute shoplifting before it sounded like he was not. we know the partnership this is new york's biggest lobby group should point out it is not a regular lobby group. if you think about the biggest biggest this is all the banks and wall street firms and real estate and advertising industry, whatever they are and this media belongs to the new york city partnership with the putting pressure on alvin bragg they're asking for another meeting this week. they want another meeting on these policies to see where they're going. what are the good things they are worried about is the impact on retail, apparently anybody who takes the subway, obviously is in danger given the crime spree in new york city right now, if you take a train to penn station it's a disaster, that is reall

charlie gasparino has more on that.trust standpoint everything from big tech and meet producers joe biden believes a spike in inflation has to do with antitrust issues among the producers, it is kind of laughable with everything else we know about the economy right now. he is threatening that and now we have pretty good evidence that is going in this direction. sources are telling the fox business network that we've been able to confirm that the dod is lawyering up to find experience known as first chair and second-tier trial attorneys. the first is a guy or gal who leads the case this is an important person the trial attorney in the second chair is who works right behind him or her, this is pretty big from what i understand and you found some of the announcements we should put one announcement up an interesting graphic of this. this job pays between 130 and $150,000 a year, across the country d.c., san francisco, new york, it is a position to be a trial attorney, that i believe is a graphic. my 60-year-old eyes aren't

charlie gasparino is reporting that their workers will work from home every friday, remote fridays asget back in the office. are we less productive on friday? i think so. ashley: probably. i have heard of casual friday but just don't come into work friday even better. lau ren, thank you. >>> now this. despite surge in covid cases and strict restrictions california officials and nfl say they expect los angeles to host the super bowl as planned. here with me now is leigh steinberg. good morning to you, do you think the super bowl should stay in california, leigh? >> absolutely. we have a number about of protocols. we're very different comes all season, profootball has done a wonderful job asking people to be tested before they come. there is a whole series of corporations getting ready to encamp here. there are parties every night. it's a big boost to the economy and it will be safe for people. i throw a super bowl party with 5,000 of my closest friends at sony studios. so we're getting ready here in southern california and the protocals will be just fine and people will be able to ming