that's why i wrote the 1st crypto bill to protect the crypto from government experience. it would really be helpful if the government stays back and not interfered with the new industry. you know, when uh, when napster 1st came out, everybody was afraid and no one wants to do all file sharing for music. and now it's the standard. so the fear is always in a new industry is there and the frankly, the democrats don't like anything. they don't have control over. well, that's interesting. you bring that up because chris rice, do you think that crypto currency should even be a political issue? yes, i actually do think so because it is, is a threat to the, the system and it is something that can also help the united states and a lot of different ways. we are going to see that with stable coins here age or as soon as this regulation start passing. but i would say a 100 percent. it needs to be a political issue because really when it comes down to why bitcoin was created, it was out of the aftermath of the 2008 financial crisis, the global financial crisis. and if those aren't pol

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liz: the market sell-off even hitting cryptos at this hour. bitcoin and ethererum sliding in this sell-off down 3.9% for bitcoin. it's now below at 62, 745, and ether is taking a bigger hit down 5.75% but that's not stopping the self-proclaimed crypto president from singing crypto crazes to fox business, president trump today explaining why he believes digital currencies could be good for the american economy, but charlie gasparino says the democratic 2,024 front runner kamala harris thinks she has a plan to steer crypto voters away from trump's camp. he's going to break that story next. we're coming right back. dow is down 757. the russel getting absolutely crushed down 3.6% or about 80 points. (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at inves

i am still not convinced crypto that the crypto bros will come out in droves for trump.os in pennsylvania, michigan. liz: i think we just don't know. >> i think we kind of do know. there's not. liz: i'm not sure, charlie. we don't know exactly where they are mining these things and who is involved. >> crypto is a non-woke crowd. one thing i know from my book, go woke, go broke, one of the ways larry fink tried to unwoke himself attach himself firmly to the unwoke crypto business which is anti-government, alternative currencies. >> he moved the ball. helped himself. >> larry remade his woke image to something different. i don't know how they're going to do that because kamala harris, kamala harris is, kamala harris is, say her name right, is on the record saying she wants to be everybody should be as woke as they can. go woke, go woke. go woke. liz: again you watch these politicians, i try not to use the term flip-flop, people get involved when they get more information. >> when they need votes. liz: donald trump has also evolved on certain -- >> trump has evolved? liz: o

there's also a focus on crypto. seems a long time ago but it was only yesterday, bitcoin a lot of volatility. 8% decline in monday session. biggest drop since march of 2023. at one point was down below 50,000 u.s. dollars. behave like a risk assets but what's going on. let's talk more with the head of strategy at cracking. that was the set up, monday was a very interesting experience for financial markets participants, crypto fans alike. what you think was behind the specific anxiety in bitcoin? >> last time we spoke one of the four major catalysts i had discussed as far as near-term performance for crypto would be the broader overall macro condition in financial markets so of course seeing the deleveraging of that in large part due to the carry trade falling apart for a lot of people, that does have an impact on crypto in particular because some of the biggest trading firms involved in crypto also trade in traditional markets. to the extent you have big tribulation in traditional financial markets all good collater

tricia: that is right the crypto piece quite interesting 40% american adults own crypto, i know quiteticularly young men single issue voters on crypto and potential regulation donald trump having leaned more into that issue as far as pro crypto where kamala harris 1/2eled a little bit we've seen couple other issues i think interesting to see kind of port mortem after november 5 what gives. cheryl: if you think about it, nose with money think about real estate industry, regulation, epa, that is one side of he donations another could be those looking to do mergers m&a could come up next year would be influenced by who the president would be. mark: section 230 protections for social media companies like alphabet meta, they tend to be some of the biggest donors to the democrats like they want that section 230 protection where, as republicans have been more hawkish on that, to the crypto point, look. president trump has essentially reached out and embraced crypto. kamala is waffling goes which ever way tide goes biden hares administration vetoed most crypto friendly bill two, or three mont

broker , we are creating a crypto broker, here we have a crypto exchange, i say, oops, what, i say, he says, well, yes, yes, we are comfortable here, here - many more things are needed, but in general there are already opportunities for this work, white, open. very comfortable, you know, i ask a person, here is one comrade, i met him yesterday, he drove up to me, he lived in another country, returned, he left here, returned to belarus told me here... for fun, i am creating a brokerage company from one large holding, and i am very interested in working here and really working in the field of crypto, an infrastructure is being created that makes it possible to earn money, work and be a white, fluffy, respected person, you are also an investment advisor, yes, there is such a song, i globalize the issue, here belarus came to you, what kind of investment country you can give advice and... none for free, no, i'll gladly give any advice god bless them with money, you know, money is important of course, but here i - i want to come here and see that people are happy, they are getting richer,

definitely the future of crypto.ll you one thing we're definitely going to be hearing about in a little bit is the wyoming stable token. the state is creating its own stable coin, the type of crypto currency that's supposed to keep parody with its underlying asset, in this case that would be the u.s. dollar. and the goal is to give individuals and businesses a faster and cheaper way to trance act while creating a new revenue stream for the state. i'm told this is a response to the lack of action by the federal reserve, at least in part, in implementing a central bank digital currency, also known as cbdc. so the commission on the wyoming stable token here is leading this and hoping it will eventually become the model for a digitized dollar at the federal level. it's interesting right now, though, because crypto investing has become, as you know, more institutionalized ever with bitcoin and ether etfs. the industry is having an existential crisis, aside from bitcoin's isolated success this year, in large part thanks to

>> sew crypto for harris.s done everything it can to destroy the crypto industry in comes anthony scaramucci and mark cuban saying that didn't happen. it is almost like -- liz: what they're saying, let's convince her not to follow that same path. >> come on. liz: what? >> let's convince her? she spent four years, her and joe biden literally trying to destroy an industry, take it off the face of the earth, messaging from the treasury secretary, from everybody in the administration. this is gary gensler, this is the wild west, got to get rid of it, you know, most of these are securities. exempt for bitcoin although they have kind of, gary has had a come-to-jesus moment with ethereum. liz: so has donald trump. he had dissed crypto in the past. >> donald trump didn't, listen, donald trump was not, did not unregulate crypto, we should point out. liz: this is true. >> jay clayton, sec chair brought the case against ripple but the amount of regulatory oversight that gensler and biden and harris did compared to trump

now, both sides are trying to make a play at the crypto-friendly as the crypto-friendly party.ressman nichol of north carolina has been pushing the harris camp to take a favorable stance towards crypto and a harris aid has reportedly suggested that the vp will support policies for crypto industry growth, but harris hasn't really said anything about crypto since launching her campaign. meanwhile, former president trump who was once a critic and has now become a believer in crypto, traveled to nashville to speak at the bitcoin conference, but what we're hearing from crypto analysts is that no matter what happens they are expecting a crypto boom after the election because that uncertainty clears up around candidates and their positions. stuart: that could be talking up the product couldn't it? reporter: it definitely could be considering they are crypto analysts yes. stuart: makes a headline. good stuff, thanks very much indeed. marc, come on in please. harris speaks tonight. is this make or break for her? >> it is because she's the crypto candidate which i mean no one knows who s

but you can't find it. >> i want the crypto, i want the crypto. i made the crypto. [laughter].oesn't matter. he opened up, he reached out to them. he was at the bitcoin conference. he is a rock star in the crypto community. if this election which it is not decided by cryptos, trump would win. taylor: yeah. >> i think scaramucci and cuban should just go home. go home, mooch. taylor: 30 seconds, nvidia, what are you looking for? >> just how much they beat. if they beat expectations by the way, i will give you a little story. taylor: yeah. >> i was finishing up work yesterday. my broker called me, nvidia, markets are going to rip tomorrow beat expectations i think they are. buy the s&p. i said i know i've been there before, pal, not happening. so we'll see if i screwed up. but i think, if they beat expectations markets rip tomorrow. that doesn't mean it is always going to rip. it doesn't mean, by the way, you remember the markets ripped on the netscape ipo in 1995? taylor: it didn't work out so well, did it? >> it did but we don't use netscape anymore. we use google chrome. taylor

we are going to be joined by crypto prosecutor amanda wick for her take on trump's crypto platform.ext. this is "bloomberg technology." ♪ ed: i'm looking at the crypto market, bitcoin in particular trading just below $60,000 per token, because it was expected to but did not come up in that spaces between musk and donald trump. but donald trump has been talking about crypto a lot recently. at the bitcoin conference a couple of weeks ago he even promised to create a national bitcoin stock pile, with currency being held by the u.s. government as part of his platform. have a listen to this. >> if i am elected it will be the policy of my administration, united states of america, to keep 100% of all the bitcoin the u.s. government currently holds or requires into the future. we will keep 100%. i hope you do well. ed: that statement alarmed a few former prosecutors. that includes amanda wick, now a principal with insight consulting, who served as a federal prosecutor with the u.s. doj for nearly a decade. he specialized in money laundering and cryptocurrency. why did that alarm you? amanda

crypto investor anthony popp leon no on the crypto death-defying drop no shelter there, what we're goingto do is take a quick break but we implemented a market squeeze back so you won't miss a martinet of the market moves were back in a second. don't go away ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. (qb) this is it. this is when we find out... (luke) hey, quick question. student body math proficiency... (player) what? (luke) ...would we say it's good? fair...? (player 1 player 2 and qb) get out of here, man. get off the field. (luke) understood. (security) hey, grab him! (luke) excuse me. we ge

perhaps ironically, i believe in gold and crypto , but for widely different reasons, i like crypto becauseafter a decline, it will not stop anytime soon, i would be a buyer for a fear and bitcoin for one simple reason , one simple imperative, the budget deficit is out of control so countless people will purchase crypto as alternatives to the dollar because they imagine a future of rampant inflation. these people don't have the influence of the bond market but they can deftly take up a theorem of bitcoin and maybe one day crypto will be genuine hedge against inflation but for now it is simply too young to act as a hedge against anything. we don't know the supply of these coins work or if they can be trusted, but i am confident it will work over time, it just needs more seasoning and that is why i say purchase gold and bitcoin, you need as many hedges as you can get , they cannot all work at once but over time they will all work out well. always a bull market somewhere, i will find it just for you on mad money, i am jim cramer , see you tomorrow. yeah. how does he know this stuff? necessity

one in five americans own crypto and 73% share candidate stands on crypto and it will impact their voteial election. research with the pack shows and five swing states, the crypto voter outnumbers the 2020 presidential margin by eight times. vp harris is fighting an uphill battle, most argue biden administration has waged an all-out war on the space, the vps team has reached out to keep players but the lack of the specific campaign stands whether she would be president trump is all and he made a slew of promises and teasing a finance platform for weeks and he posted for too long the average american has been squeezed by the big banks and by financial elites. it's time we take a stance together. trump is likely held by the rfk junior endorsement, he's been really pro crypto and actually right when he made the announcement, the price of bitcoin shot straight up. at least some crypto investors think a true presidency would be a good thing. stuart: fascinating all of a sudden the crypto is in the presidential election. four years ago it wasn't a major issue i don't take. in 2016 i don't thi

some prominent democrats are cozying up to crypto and a major crypto pac is returning that love.nounced they're going to be putting $6 bilmillion supporo democrats in make or break races. and the crypto pac has raised more than $200 million, one of the big soes far this cycle. senate majority leader chuck schumer is saying his goal is to get a vote on a crypto bill. crypto for harris gave a shoutout from senator stabenow that was establish cleaner rules of the road for creating crypto token, requiring them to register with the cftc. now, fairfair announced that they would spend $25 million on 18 house races, nine republicans, nine democrats. and they're going big in the ohio senate race with a $12 million in ad buys to back republican bernie moreno, who is running against sherrod brown, who has an f rating from crypto. harris hasn't said much on crypto, but a lot of democrats are hoping she will be more open to the idea than joe biden is, and we'll watch to see if she mentions it next week at the democratic national convention. >> very curious about that, emily. where are we on t

, crypto great outlet government does major inflation zroiz things people against against crypto, youto left, very against crypto guys arbitrary ridiculous against them you are seeing friends in crypto, whether behind scenes donate to trump for right now in a way amazing because realizing if authoritarians win going to crush us, so huge issue. maria: big issue great to get your take so appreciate your time this morning. >> thank you. >> good to see you. stay with us we'll be right back. you are watching "mornings with maria" live on "fox business". >>. >> tomorrow, kamala harris taking tough on border in matt whitaker why all an illusion, friday rnc chairman whatley when and where he xpdz candidates to feet face-to-face onstage all right here on "mornings with maria." . at old dominion freight line, we do them this way. this way has people who start early. people who care and inspire each other to do things the way they should be done. this way uses technology (♪) and goes the extra mile (♪) to deliver your promises on-time, every time. this way is why we're the number one national lt

and we want to talk about crypto more broadly.a nice weekend and we can be happy about that. >> out bitcoin bridge 65,000. you swaoebgness monday but now around 53,000 and if you look at the price over the last seven days bitcoin up 8%. others are up. so in the crypto universe most to your point some don't see the same love. you also have the narrative back under the surface and causing issues with the e.t.f. we saw softness there the better part of the summer and now you are going into the election so about how friendly oren friendly different administrations would be but the part of it is not just the place to hide you are seeing golden and bitcoin the last 24 hours but you have the idea if you are worried about fiscal spending maybe bitcoin is a good place to be. i speck more staff narrative happening into november. ed: fiscal spending and bitcoin in the seam sentence. you -- same sentence. he follows the show and what are at the doing? >> although they are coming back i have to say they are not coming back as robust as you wou

. 85% win ratio so far when pro crypto superpack money is involved. >> so these are pro crypto forces it in crypto. >> sol of them are actually. more than $4 million of crypto currencies going to the ca campaign. >> these would be companies and lobbying groups and professional organizations? >> it's especially the companies battling the s.e.c. rippal and coin base are two of the biggest backers of pro crypto superpacs. certainly fair shake is one of the biggest. >> last week at the democratic national convention, we heard from senior campaign aid. when he was specifically asked about the stance, the vp would embrace policies that support emerging technologies. their chief policy officer says they have been meeting with the harris team and very please d about those talks. >> fantastic. thank you. >> it's a great way of how you curry influence and power. >> thank you for watching. "closing bell" starts right now. >>> thank you. welcome to "closing bell" here at the new york stocks exchange. we begin with the dow's new record high as sectors outside of stock continue to rally. we'll ask

you and crypto, that's all you care about and it's not coming up.ew things i can guarantee. can't guarantee kamala winning or losing. i can guarantee crypto is not voting for kamala. kelly: thanks, charlie. >> kamala. kelly: high prices and mortgage rates scaring off people in record numbers and that's not scaring off investors in the home builders and today's count down closer thinks other areas of real estate are a good idea for your portfolio. we're joined by jay hats field and owner of >> i'm waiting for the shoe to drop and tech spaces and februaries work remotely and convince me i'm wrong. >> thanks, kelly. great to be on. so there's two calls about the cure and rates are coming down and usually non-consensus make this call around and now it's consensus and more importantly san francisco is on the comeback and there's a supreme court ruling that allowed cities to cheer out homeless encampments and can't phone it in from the south of france and there is we think over the next couple of years and long term investor doing well with the company an

said about the crypto being crypto. bring in kraken ceo. tim's the only one that got that.d ripley. david, i said the words, intestinal fortitude for owning crypto. listen, i get it. crypto volatile since the day it was born effectively but what do you say to team member, friends and family when we see a 20,000 point swing in a matter of a couple days? >> yeah. thanks for having me on. i think you've said it well. summed it up. look, i've been in the crypto industry over a decade. kraken in the industry even longer. and this is nothing new. certainly short-term voller in ability for bitcoin. look at it comparer to now, year ago, five years ago, same story. up and to the right over the long term. >> buyers coming back in. to what, then, do you ascribe the -- i get it when the yen carry trade forces stocks to fall because all of a sudden margin call. got to sell a bunch of stocks to raise money, pay back your debt in japanese yen. makes per spect sense to me. at least does now. why was crypto impacted by the yen carry trade? >> right. well, you know, one thing that we see now

and could that affect the, the overall hits on crypto? so i would imagine that people do of has been expecting this or something similar to this to, to, to have happened to him at some point on the way. i think he knew from the beginning and sydney and all the interactions that i've had with him and, and, and, and all the stuff that i've listen to from him. i think he knows that he's fighting against the stream. and i think it's, you know, you fight to, i guess just read this be being as smart as possible during this. i think you would have had a contingency plan. so i think, i mean, i guess, but when he was the rest that he wasn't pretty surprised. you know, it wasn't like, oh my god, why my i mean he knows that government has done really documented that one more thing is to shift. and i think that one of his, one of his scenario plans would have been what if this happens? now, what if this happens? so to me, the biggest risk here is actually the risk of the e u. the banding is the telegram app and making people like apple and google con

crypto is totally against that.o is we're over here on the side, we're going to do our own thing, we're going to create our own currency because we don't trust you, government. so right off the bat there's an ideological divide x. on top of that, you have what the biden administration has done over the last three and a half years which is a regulatory onslaught into crypto. and on top of that, you have president trump opening his arms to crypto saying i'm going to make the u.s. the crypto capital, and i'm going to fire gary gensler, the head of the securities and exchange commission, who's attacking you, and i hate elizabeth warren, who's behind gary gensler's attacks. big supporter of kamala harris. so this is a wicked uphill battle. it was, from what i understand -- not totally my reporting, mostly, i would say 99% from ellie, my producer it's the brain child of mark cuban, a tech billionaire who's also pretty pro-crypto, anti-trump democrat, anthony scaramucci who lasted 12 days as trump's communications director

i made a documentary about crypto before ii wrote this review and people put their college funds into crypto or something they plann to renovat, small to medium-sized losses so this wasn't a kind of cost free crime and taking a part of this falling in love with this kind of billionaire who said he wanted to save the world squeezed out of that story all the victims of sam brinkman freed. >> you go on to write once you accept the limitations of the approach, you are free to enjoy its pleasures. he remains the greatest of the plain style reporting. each word might be worth ten dollars but he studiously avoids the ten-dollar words and his eye for detail is unsurpassed. >> it's one of the things about writing the reviews is you have the space to breathe. anybody will tell you that you're trying to do just a set 300, 400 pages or more. did you pick to review this or was it an assignment by the atlantic? >> i think the atlantic would have assigned it to somebody because he's a reliable bestseller and always exquisite. a big figure in the culture but i think i elbowed my way into this one bot

you are a crypto guy, so listen to what donald trump had to say about cryptos.ery interesting thing. very high level in certain ways, intellectually very high level. but if we don't do it, china's going to do it. china's going to do it anyway. china's already doing it. and if we don't do it, other countries are going to do it, so we might as well be at the forefront. and there are people in crypto that are very, very smart people who colove our country, and they think -- do love our country, and they think it's good. who knows, maybe we'll pay off our $35 trillion, hand 'em a little crypto check, right? hand 'em a little bitcoin and wipe out how our $35 trillion. stuart: kevin, you're laughing. [laughter] what do you say to that, hand out a little crypto? >> you know, stuart, i'm really surprised that crypto and digital payment systems are a partisan issue. it should be bipartisan. there's been multiple attempts over the that's three years, both sides, red and blue, have tried to push this narrative forward, and they've run into a roadblock in gensler, and i tot

it's about the idea of him at crypto whizuy kid.was outside the financial system bring really big challenge to it. that's classic michael lewis has very successfulil film johnson g finance. the guy challenging turned out to be a mirage and an illusion he was convicted of lending moneybu from one part of its his business together and not being able to cover an essential run on the bank that is interesting for me too review because michael lewis slightly falls inn love the subject he was i thought pretty soft on sam bankman-fried and squash them into that narrative of the maverick take on the establishment when in fact as it turneda out it was a con man essentially. still in the headline and subhead line of your review is the journalist and the fallen billionaire and going infinite michael lewis gets close, too close to sam bankman-fried. why too close? >> well, when my favorite pieces of literature as a journalist of the murder by janet malcolm is about the idea that journalists inevitably betray their subjects. and n n away the prob

maria: what about crypto, you spoke at the crypto conference last weekend. you said would you like crypto

, it 's not necessarily crypto, there are already these same wallets, the thing is that crypto doesn't, here's where its crypto ruble is, the digital ruble, it solves the issue, rather, that there are finances and money of corporations, individuals. report, budget and so on, it is believed that this digital ruble will allow these zones to be seamlessly stitched together to ensure the flow of money. from one zone to another, as the central bank calls it seamlessly, the rate is 1 to one, of course, that is, completely identical, it cannot be, these are the same, let's explain to our audience that these are the same rubles, just a different electronic form, they are as close as possible to non-cash rubles, of course, but the platform is not an automatic bank system that provides communications with other banks, it is a single platform of the central bank, yes. sphere, please, do you like this idea more than non-cash rubles, and you you see, this is scientific and technological progress, you can’t stop it, just like, you see, it’s probably not very correct to ask what’s better, a plastic c

hay overlap on their crypto -- they overlap on their crypto policies, right? both very pro-crypto.d entice tice some of those voters to say, yeah, we're going to go with this because rfk is saying yes to trump? >> reporter: it's a great point, kelly. i think the crypto voters as of today are sort of siding with former president trump, but you'll remember that just a couple of days ago the harris campaign put out some information on crypto and, clearly, they're a making that a part of their platform as a well. so, beginning or both of these campaigns now, the trump and harris campaign, are courting this tiny, tiny group of voters and a handful of states, and it is obviously way too soon to tell which way these voters are going to go, but they could be the ones who decide the outcome of this election for the entire country whether it relates to crypto or a whole host of other issues that rfk jr. stood for and now, of course, as he throws his support behind the former president. kelly: yeah. certainly, a lot of crypto money flowing into these campaigns. grady, let's hope the surprise

so, anyone who loves crypto, invested in crypto, would not like to see gary there for much longer. >>, germany seized $3 billion in bitcoin, $3 billion in bitcoin, had to flood the market with that for sale. you had repayments. $9 billion in that. u.s., $2 billion in crypto related to the silk road seizures went to an unknown address. we don't know if that's at weight on the marketplace, too. and then, it's a risk tolerance to the overall market. s.e.c. has cracked down on the whole ethereum ecosystem. and it's definitely a headwind market for the crypto space for the last couple of months. >> under pressure. guy? >> should be trading better. if rate cuts are as foregone conclusion as the market seems to think, then bitcoin and crypto in general should be trading a lot better than it has. if you look over the last six, seven months, when we've got north of 70,000, it's failed. it's telling you a story. i don't know what it is, but the story i keep coming back to is the fact that gold is performing in this environment, so, i think gold is actually separating itself from crypto for the

bringing in our senior crypto analyst.here, a few rounds of businesses are getting bigger checks? >> thank you for having me again. like you said although deal value is down, what this means is investors are writing larger checks to a small number of projects. so what you're seeing is the situation capital to the fact that teams investors think our building projects that have real value. i think also we like the total deal value being invested. part of what's driving is this is the crypto funds in 2021 and 22 are near the end of the deployment risk so there's also new capital and funds coming to market as well so we expect more capital to be invested over the next year to become more. we kinda saw that in the last cycle. >> it's not to be music to many people's ears that they are fighting a timeline issue and will have to start allocating as quickly as possible. where are they allocating? where are they seeing value being created. robert: right now we've been seeing a lot of capital go into infrastructure even last quarter

is crypto funds are being used for terrorism? i'm really really sensitive, but it's my thoughts. but as an individual, as well, i'm the i'm of those who have these accounts on the web care and they applied for a procedure to defend, to try to justify or they need to defend themselves. so you cannot just remote in postings onto people and leave them something we need to be sure that you know, these people are not just simply with us and in businesses will have invested in capital. so i mean the system is not sensitive. the system is not fed the system as well, but there is this system is loaded onto posting it and then the don't care if collective dummy of a being the chain is the huge percentage of the goods. although the times do stuff to the country, the overall judge which operates under the most of the patriarch as far as the following ukraine's example, that was according to the one of the countries parliament members, an answer like that we will resolve this issue soon. as of like ukraine, we will renounce the open orthodox church, which is de facto russian. but i think the

kamala harris accepting her party's nomination as the crypto industry opens its walling et in a big,ig way. >>> and a successful state launch beaching up a launch for cava. investors are hungry for more as the shares take off. it's friday, august 23, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning. thanks for being with us. i'm frank holland. hope your day is getting off to a great start. let's get the trading day ready or get you ready for the trade day. we'll kick off the u.s. stock futures with all through indices coming off a negative session. take a look right now. in the grebe across the board, the s&p up 25 points and the dow looks like it will open 130 points higher and the nasdaq a similar story. all three solidly in the green. the markets are going to pull off a winning week. the dow on pace for a second positive week in a row and the nasdaq likely facing its fifth negative week in a sick. the nasdaq fractionally lower but still in the red. we're also checking the bronze medal as we await chairman powell's jackson hole speech later this mor

most of the transactions are legal, but... crypto is used in all areas of crime, from drug trafficking and fraud to bribery and terrorist financing. the tfr says that the anonymity of cryptocurrency is too exaggerated, the existing technical capabilities allow successfully tracking and documenting criminal transactions. how exactly this is done is classified in the interests of law enforcement, but today the financial police database contains hundreds of criminal crypto wallets, including those that are trying to finance activities against the interests of the state. recently, financial investigation agencies have stopped the activities of three of the largest illegal crypto exchange services, the turnover of which exceeded hundreds of millions of belarusian rubles. according to the specified facts have been initiated. criminal cases based on the materials of the financial investigation department have been initiated over 130 crimes related to the financing of extremist, terrorist and other destructive activities, including the financing of the so-called kalinovsky regiment, the amount

i'm the crypto community. people who use a need of these types of platforms, not only in business, but in their life. they say the politics makes a strange bedfellows. look at how many people are coalescing right now against what they perceive. absolutely as a form of complete and total censorship. on while pop older off has been accused of crimes committed via his thought for him by others, some of his social media competitors. it's business as usual for them without really any threat of prosecution, despite their networks being used to break the law in very serious ways. or things mean the costs are of it tells us more how many times have we heard that space for core instagram should do more to avoid child pornography and terrorism or the western brands that i regularly accused of child labor practices, new disturbing lawsuit against meta the parent company has facebook and instagram new mexico's attorney general is accusing the social media giant, and it's ceo, mark zuckerberg of enabling child sex abuse an

we have a lot of crypto wealth being created.d spend. it's also kind of altering the geography of wealth. >> speaking of geography of wealth, thank you, robert frank, we want to talk about miami because a lawyer for ken griffin filing plans for citadel's new miami's headquarters. it will be the anchor tenants at 1201 brickell upon depletion in five years. reports suggest they will break ground in the third quarter of next year. among key attributes of the development will be public space at ground level, a luxury hotel with several food and beverage outlets, conference spaces and a ballroom for events. it will have a pool, fitness facility and panoramic views. "wall street journal" is reporting, if true there are discussions about building a dock of sorts to access the building by boat. although the plans don't mention those specific details. foster and partners is leading the design and field operations. they designed the high line. they moved to miami from chicago in 2022 and expect about 500 employees there by year end. guys?

keep you covered on your crypto journey so you don't end up like this guy grayscale crypto investingash was a better physical sport this show many times that i've got hit on the basketball court remarks on holding more lives, marks the bus, but it should degree ultra clear nonstop protection against white marks. i can tell you how much you spent on takeout and it's a lot you could track my spending by category one, weird to how one, know it's not an to rocket money go on. it's a finance app that shows you all your accounts, bills, and subscriptions in one place and analyzes your spending habits to create custom budget that works for even you. >> i could do that too. i'll just look at my bank account, my credit card. i have to spreadsheet. i've been working on. yes, but rocket when he does it for you, find a subscription, you no longer want bucket money kansas it you have my attention how do i get enormous? don't want it today there's so much ease with using better help. >> i knew that i wanted to get help immediately. i was going to be able to see a therapist within that same week. >

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cryptos gets hit as well. we have a full breakdown for you what's going on with the cryptos.. lauren: yeah. stuart: recession fears stocking today's selloff and following all the action and more varney for you after this. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com stuart: chicago me big tech. are any winners this morning? no, they're all in the red. all down across the board. and 10-year treasury yield is falling and now it's rising. going to 3.79%. bitcoin. earlier at 48, $49,000 a coin and bounced back to 54, 7. two year treasury going through that. two year is now 390. the yield going up. the price of oil. that is being down at $72 a barrel as we speak

that climbing back is not happening for the world of crypto. august showing a pretty dire month for the asset. this is more about actual supply-side. this is about crypto that has been taken away from certain wallets and gets confiscated. what are you watching on the micro side? ed: let's get right to the amd deal in m&a. acquiring server makers et. the best-performing stock on the philadelphia semiconductor index. it was a pretty slow start with that news breaking this morning. this is about amd's move into being a systems vendor, which reminds us of another big name. caroline: it does. ian king covers amd, nvidia, which is the elephant in the room amd is trying to tackle. >> that is absolutely right. nvidia has made it easier for all of its big customers to adopt these systems. if you need a server, we will give you server design, we will bundle everything together and do a lot of engineering for you. amd is saying, we can do that too. here are the capabilities we have taken hold of. ed: these numbers we have used before. nvidia will do $100

, you know, who had put their kids college fund into crypto or, you know, something that they planned to renovate my garage, just these sort of small to medium sized losses, let alone some people losing their life savings. and so this wasn't a kind of cost free crime and taking the part of this, you know, falling in love with this kind of scruffy billionaire who said he wanted to save the world, squeezed out of that story all the all the victims of some bankman-fried. well, you go on to write in your review that,uote, once you accept the limitations of lewis's approach, however, you are free to eny sleasures. he remains the greatest living exponent of the plain style and reporting. each word might be worth $10, but he's studious, certainly avoids $10 words. his eye for detail is unsurpassed. well, it's one of the nice things about writing reviews for the atlantic is you have the kind of space to breathe. you know, anybody who wants to write book reviews will tell you that you know, you know, you're trying to do justice to three, 400 pages, maybe, maybe more. and for me, writing this b

in crypto?n't believe the contributions are in criminal t crypto at this time. that could change. >> thanks, emily wilkins. emily's coverage of the nexus of money and politics is a reason you should be watching cnbc. >> there you go. >> you know what they're after. not just they're contributing, but what they're going for and how it shapes legislation in the future. >> shape. buy legislation. >> shape is a euphemism, perhaps. that's the cynical. >> legalize bribery. >>> coming up, the seconomy taking center stage. vice president kamala harris about to set her proposals for the economy and her agenda. you can follow "squawk pod" on your favorite podcast apps and listen anytime. we're coming right back. >>> welcome back to "squawk box." let's get the latest on the race for the white house and what we know about the harris economic plan. joining us now is our guest here. what do you think we are going to learn? there is some expectation it will be somewhat vague, but something about trying to bring