we see volumes on exchange and including coinbase being relatively low. you think there is a whole generation of retail investors who just got burned badly that we saw last year and won't return to the market or are you optimistic you will see the volumes come back? >> i'm encouraged that a number of the bad actors in the space are held to account through criminal trials and through aggressive regulatory action. it is critical to inspire confidence in the retail sector, but all sectors that are interested in crypto. we are excited there are a number of developments that are just around the corner or underway that will bring back investor and consumer interest in crypto. we think it is quite positive that the u.s. court of appeals rejected the s.e.c. rationale when it turned away grayscale request with the bitcoin etf. we think other etfs will come online soon enough as the s.e.c. follows the law and is required to apply the law in a neutral way to the applications that are pending. we think there are new products and services to serve the markets to draw

sonali: jesse pollack at coinbase.y conversation with james gorman, ceo of morgan stanley and his successor ted pick. you do not want to miss it. this is bloomberg. ♪ ♪ (captivating music) ♪ (♪♪) (♪♪) (♪♪) (♪♪) (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines.

and, again, i think coinbase ends up being the or survivor.vestment, isn't it? >> yes. we talk a lot about the price of crypto, the price of bitcoin, but actually it does really serve a purpose. it can transfer large amounts of money and frees up regulatory capital for the banks. it's actually ad good thing for the banks. stuart: thanks for being with us for the hour. >> thanks for having me. stuart: republicans have united to select a speaker. the democrats are divided over terror. former arkansas governor mike huckabee on that. can we afford all the aid the white house wants congress to pass? house ways and means committee chair jason smith is here. now, he's many charge of the money, remember. california governor gavin newsom had a surprise meeting in beijing with president xi jinping. that's not a good look for president biden, is it? clay travis reacts. and high schoolers in oregon won't need to show basic competency in reading, writing or math in order to graduate. they say that would be harmful to students of color. dr. ben carson respo

. >>> we have the market flash on coinbase.crypto exchange telling cnbc it has picked ireland as the main operational and regulatory hub in the regulatory union. coinbase is looking for the expansion in the eu as it faces regulatory pressure in the u.s. much more "worldwide exchange" coming up after this. meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. >>> it's 5:30 a.m. in the new york city area and there's a lot more here on "worldwide exchange." a very busy trading day with earnings and comments from jay powell and the hunt for the clues on the fed's next move. futures are facing pressure ahead of the open. >>> netflix subscriber shocker and they are signaling an optimistic road ahead. >>> a different story for tesla. an earnings double whammy. it is thursday, october 19th. you are watching "worldwide exchange" here on cnbc. >>> welcom

the digital currency exchange, buy bit , left the market of this country, and now two exchanges, coinbase and ok x , were forced to cooperate with english companies to continue their activities. the new rules apply to the advertising of cryptocurrencies in various forms of media, including websites, social media, and other online advertising methods. according to the announcement of the financial conduct authority. uk companies that do not comply with the new rules with legal penalties ie they will be jailed or fined. saeed, head of sed and sima news. end of this news section , i invite you to watch the live images of the bombing of the gaza strip by the zionist usurper regime. the images that you are watching live right now are the images of the bombing of the gaza strip by the zionist regime. the bombardment of different parts of gaza and the bombs dropped on the people of gaza by the zionist regime . the sound you heard and the pictures you see are related to the rocket bombardment of the zionist regime, the bombs that are dropped on the people of gaza. these attacks intensified a few

crypto shares have been rallying in general today with going best -- coinbase getting a lift with this singapore license. analyst concerns have been weighing on the stock which is down 12 percent but nothing like smile direct club. we saw the chapter 11 filing we will see you if they continue filing with the possible liquidation being reflected to this 60% selloff in those shares today. sonali: investors are continuing to weigh on whether the fed is on the path to a soft landing. jimmy diamine spoke with emily chang in london earlier today about the rising yields. >> cannick go to 7%? the answer is yes. are there factors that would drive it higher than where it is today? this is the 10 year bond, yes. could supply and demand push out? be prepared for it. jon: bloomberg economics is a u.s. recession seems more likely that a soft landing. let's bring in our policy editor michael mckee for more on the bloomberg breakdown. for those trying to figure out where the bloomberg team is telling investors to brace for a recession, what to the data points say? mike: they are looking at what has ha

. >> what do you think about coin ba coinbase, guy?at this level, i don't nokno $78 to $80 level, all you need is some incremental good news and the stock goes up 15%, 20%. we've seen it before, by the way, over the last couple weeks. i think robinhood, on november 7th, is interesting, as well. >> and the incremental good news, there are catalysts right and left for them. and i'm long coinbase from around these levels over the last three months. and i just think the correlation to the underlying is still too strong. there aren't the other options. they've had so much bad news priced in, i kind of like that optionality. >>> coming up, tax troubles in china. a major apple supplier under investigation. why regulators are targeting the manufacturer. >>> plus, could next year's summer blockbuster season be in danger? the lasting impacts of the ongoing actors' strike and why it's crunchtime for the studios to make a deal. we'll have the details when "fast money" returns. and while everyone else is looking at the hot stock of the day, vector

that is the ripple case, the coinbase case, and the issue is percolating in a lot of different cases. matt: they lost the ripple case. elliott: neither side lost really because they could collect up to -- dollars. that is the case for how much ripple has to disclose. masco to me, that is more of a procedural role. whatever they did in the institutional sales procedure was wrong. but they still are not considered. ripple coins are not considered security by this judge as they were by the sec. to me, that is a win for reporter:. elliott: it is a win for ripple because the court -- is a win for the industry because the court rejected the sec's views. you have to differentiate between the underline of the asset and in which the asset is sold. xrp, the digital assets that ripple issue, it self is not a security. but when it was sold to institutional people directly, you apply the tests and four factors, then it met the elements of security. but for grammatic sales, they met those elements. you have to look at those assets and it does not mean --. matt: but the sec will not push this any fu

apart from binance , other exchanges such as coinbase have faced lawsuits or blocked activities in differentes of the world in addition to the united states. saeed, head of sed and sima news. thank you, good night and goodbye. hello people of palestine, my name is zara muhammad, from nigeria, i am deeply sorry for the hardship and suffering and doubled by the country, my tour and sympathies are with you during this difficult time. it is. my hope that peace, justice and stability can be achieved in this region, and that all individuals can live in safety, dignity and harmony, please know that you are not alone and but many around the world stand with you in solidarity and support, inshallah and we will help you with our prayers. for years, he drew cartoons for the guardian and criticized the politics of the rulers. steve bell is from england. his last cartoon got him fired. a few kilometers away in london, the bbc told 6 of its reporters not to come to work for the time being. decradel site said: the reason for their dismissal is supporting palestine on the air and broadcasting. liking conten

i think it's kind of a fraidy cat way, if you will, to play shares of coinbase and crypto writ large. ashley: i have another name on my teleprompter here -- [laughter] it says, jonathan, victoria's secret. i don't think victoria has any secrets left, but tell me about it. >> yeah. well, look, victoria's secret went woke five years ago, ashley, and they real tanked the stock, down about 50% since they started including so-called inclusive models in their campaign. the stock has gotten destroyed, but they're starting this week now as they announced to bring sexy back, and the stock actually the got a little bit of a pop on that. vsco could have legs despite even if the broader market cons to fall. continues to fall. ashley: all right. one quick one for you, gold play, jonathan, if we can just get to that. jpmorgan, alarian mlp, if i'm saying that right. >> yeah, oil was the one sector that held up in the 1970s, so amj is a basket of income-oriented energy plays. again, i think this is a place you can hide out even if big tech continues to tank. ashley: all right. jonathan, we are out of

coinbase also. let's get to kate rooney.ing this latest action, kate. >> good morning. bitcoin's rally was first sparked by the excitement we've seen for a bitcoin etf but also action going on in derivatives markets that's having an impact. the cryptocurrency popped above $35,000 this week. that was for the first time since the industry saw a meltdown last summer. it has been climbing past that $30,000 level in the past couple of weeks thanks to hope that a bitcoin etf would be approved. the s.e.c. declined to challenge a court decision against gray scale investments. they are trying to convert publicly traded trust into an etf. you have blackrock and fidelity with a bitcoin application out there. investors say the abrupt spike higher this week is likely due to action going on in the options market. short covering by traders who bet against bitcoin, they have to buy back that cryptocurrency. that's sparking the rally. bitcoin has seen $250 million in short liquidations in the past day or so. crypto stocks getting that boost.

more broadly, what did you make of the reporting around the ai act, some of the coinbase might not bete with the big companies? how much of this is a never ending conversation when it comes to size and power? rebecca: absolutely. any kind of regulation, unfortunately, most regulation, lots of percolation does benefit big companies in since compliance is expensive. it expressive to comply with the laws and some time to do something a small company cannot do. it is another reason why it being big is important and why we need to allow other companies the size but humans like google to get that kind of size and scale. microsoft is not a small company by any measure. but it is in terms of market share for search. caroline: you have some other players like duckduckgo giving evidence there as well. moving on towards what is also been front and center for us, the ftc analyzation of amazon in the marketplace. the cma over in the u.k. also looking into the interpretation of cloud and how not to miss competition in that space either. can you paint a picture of how regulation is evolving here, u.

have been in over the last several months, this being propelled in some ways by some optimism from coinbase'sef financial officer that the fcc and the regulators will have to green light some of these bitcoin etf applications. so watch bitcoin prices and gold. is bitcoin the new safety trade? i'm not sure, kelly, but there are some interesting moves happening with bitcoin and gold. back over to you. >> the 4233 on the s&p? >> that's the so-called 200 day moving average. we'll keep a close eye on that. >>> let's talk about that ten-year yield top ping 5%. let's turn to rick santelli with more on this. rick, take this wherever it needs to go. >> well, i think the best way is to take a short view. if you look at an intraday of 2s, it's been moving down in yield. if you pair it with yesterday, i want you to notice how we're doing so much work well below yesterday's low yields, and realize that yesterday we had a higher high and a lower low yield than the previous day. that's called an outside session. and it usually means trend reversal, which is exactly what's going on. if you look at a ten-year

coinbase. >> a bunch of them are still around.has been made by people who bought bitcoin when it was zero, or people have created these exchanges. so, there is this real thing, and the alleged crime kind of makes no sense. he blew up a 40 billion dollar, business for this kind of hedge fund on the side. that really, was his legacy business. >> right, he did seem to take people's money in transferred over to the other. i think of him as a creature of modern finance. in any other era of wall street, he is not on wall street. he has pulled out of m.i.t. for high frequency training to identify his mind as exactly the kind of mind that belongs in finance. in almost any other period of history, he is like a high school physics teacher. here, he is kind of imprinting on it, and it is sort of like he becomes his identity, this treating thing. i think he could not let go of it. >> i saw some elon musk -- obviously, >> compare and contrast, they are different. >> they are different, but there is something about a certain kind of mind that w

winter about to fall we will get into that ahead, take a look at the top crypto start engine stocks coinbasearathon, digital, block chain, they are all moving higher as you can see as the crypto winter may be slowly edging away, will find out were coming back righta aftel r this. a fiduciary, i pre to be the financial steward that you and your family need. i promise to put your long-term financial well-being above any short term transaction. everyone has a big picture. my job is to help you invest in yours. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor. com we really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to help

no surprise, coinbase also a in rally mode. it's up 8% at $83 per share.eneral stock marketsesome dow's holding on to a gain of 200 points i. had been up more than 300. nasdaq's up 70, had been up 100, so a little pullback on the rally. >>> now this, congress split on biden's aid package for israel and ukraine. they're split. grady trimble on capitol hill. first of all, grady, what do republicans want from this bill? >> reporter: well, stu, they're divided on this issue. some say that the president should separate aid for ukraine and aid for israel into two separate requests. others, like senate minority leader mitch mcconnell, say the two wars are inherently interconnected, and it makes sense to package them together in this request like the president has. and still others in the gop say ukraine does need more money to fend off putin, but that the biden administration is asking for, quote, indefinite and increase canned aid with -- increased aid with no real plan. five republican congressmen outlined in a report this week that the the u.s. should be focus

stocks in the crypto universe like coinbase seeing huge gains this week. >> not just that.ase to be made it is trading on technicals. the chart patterns, the historical way it has done in the past. all of a sudden you're interjecting what might be fundamental catalysts, right? regulatory type situations, legal situations, flows into mutual funds and that sort of thing. something to keep an eye on. >> absolutely. >> all right, auto loan defaults have risen to the highest level in 29 years as interest rates and borrowing costs priced many americans out of the market. this is a big deal. could it be the canary in the coal mine? >> it is experiencing some of these -- the companies facing this segment of the market are crying uncle. the real question is how does this spread, to what degree? >> and at what point do the costs per car go lower because of the -- >> used car prices down 18% from the highs. a new survey from resume builder finds a third of gen z made career decisions from tiktok and 88% say those decisions made a positive impact on their life. i get this. makes sense.

coinbase, order. >> a bunch of them are still around.who bought bitcoin when it was zero, or people have created these exchanges. so, there is this real thing, and the alleged crime kind of makes no sense. he blew up 40 billion dollar, 40 billion dollar business. for this kind of hedge fund on the side. that really, it was his legacy business. it's how we got into crypto in the first place. but they didn't baroness a serial relationship. there was a relationship, it wasn't necessary. he could've gotten rid of that thing. >> right, he did seem to take people's money in transferred over to the other. >> i think of him as a creature of modern finance. in any other aaron wall street, is probably not on wall street. but he's pulled out of m.i.t. by a high frequency trading firms that identify his mind as exactly the kind of mind that belongs in finance. and, you know, almost any other period of history, is like a high school physics teacher. here, he's imprinted by this. he becomes its identity, this trading thing. i think he couldn't let go

coinbase, high. blockchain, marathon, digital, they were all up yesterday. market. "claman countdown "is coming right back. dow jones industrials once again heading south, now down 24 # points. stay tuned -- 241 points. stay tuned. ♪ ♪ at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. this is american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends the systems running america's infrastructure. for these services. for the 336 million of us living here. ♪ ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors,

coinbase is on the list. uber is on the list. doordash is on the list. sun company and airbnb.they have lost hundreds of billions of dollars for people, individual investors. now i bring this up you got to be careful, right? you always say buy what you know a lot of effort is putting things making well-known and taking advantage of the public. listen we're on the cusp of something amazing the fourth industrial revolution. artificial intelligence, robots all of these things. many of these companies will be phenomenal but i do fear that a whole lot of these companies are going to either be not too great orth going to come to market at prices first day they trade will be the highest they ever trade. here is what is going to happen, right? silicon valley will get the bag and individual investors will be left holding the bag. this is something you really, really want to be careful of. be careful. we're going into an election year. i'm a very political kind of person. i'm a political annal if you will but you don't necessarily always invest in politics. policies can hurt and they can

coinbase. i believe rallying today -- lauren: yep. ashley: let's have a look, 11.5%.%. lauren: bitcoin in general is alsoer for the -- higher for the sec day. they are confident an extf will be approved by -- etf will be approved soon, because the sec fail to block gray scale from converting its bitcoin into an etf. what it does is it gives investors a way to own bitcoin without having to directly purchase it from an exchange. in other words, you could say it takes some risk out of the equation. and to that point, bitcoin prices have been relatively stable recently, right? between $28-30,000 on a good day because of the lack of volatility. that's also why some investors are sitting on the sidelines, because they loved the huge runups, not downfalls. they loved the ride the runups that the volatility did bring to the crypto sector. ashley: that is for sure. let's talk about the awe the makers, talk of layoffs potentially at stellantis? lauren: another 100. these are temporary layoffs, they start on mono, this is happening at their lead to e doe, ohio, pa moo chain -- m

watch coinbase, the shares pulling back in a fireside chat yesterday legendary investor stanley brushenburg on coin. it's clear young people look at it as value because it's easier to do stuff with i don't own any bitcoin but i should he will join "squawk box" former morning at 7:00 a.m. eastern time, the same time this morning bernstein with a bull case we expect bitcoin to rise to $150,000 by mid 2025, a lot of that circulates around the approval of etfs that would be newsworthy. >> nothing gets price targets up like strong price action which is what we've seen in the month of october what a change from earlier in the year remember when bitcoin was collapsing under higher rates. speaking of let's get to the latest details from the trial of sam bankman-fried. testifying again today kate rooney is there and joins us with more what does today bring, kate? >> hey, sara sam bankman-fried is back on the witness stand, as we speak yesterday he did seem aggravated at points, dodging questions the judge scolding him at times for not answering questions directly we'll see if we get more of that tod

been watching the sam bankman-fried trial taking place downtown around crypto, and we've watched coinbasecolleagues are thinking about crypto at all? >> i mean, look, the events of last year were not positive for crypto's image, certainly. it's a good moment for all of us to sit down and think about how did we get to this place. i think there's a lot of work the industry needs to do thinking about applying, you know, traditional lessons from traditional finance that had been learned the hard way over the years, applying those in a crypto space. but there's also an opportunity for regulators to sort of think what could we have done differently? i think one thing we could have done differently is to craft a framework that provided people clear guidelines and made the united states the kind of place where crypto companies wanted to be registered and based. and that would have been very helpful for them distinguishing good actors from bad actors. we still have the opportunity to do that. i think there is a lot of interest on the congressional side to try to do something around crypto. you kno