crypto going crazy. all the of a sudden the crowd that said they wanted to see the whites of inflation's eyes and be diplomat dependent are now cutting 50 basis points, not a quarter, and we are not even to targets yet and this is on the theory that monetary policy is restrictive. so with i would say is this. i don't have the conviction i had in 2021 that we wrote that article that the fed is going to be wrong but on a risk/reward basis i don't think it makes any sense at all it lay out the cards they have laid out and commit themselves through forward guidance once again. with i was trying to say and what i was saying reminds me of 2021 is i just hope if the data don't go with them and they certainly haven't since they started this narrative, they adjust this time and they are not trapped by the forward guidance the way they were in 2021. >> does this mean you got 50 basis points was an absolute mistake and do you think there's a risk of an inflationary spike of the 1970's. >> do you have the chart we t

ai related crypto scams and market manipulation schemes. it's quite easy to create a token on the blockchain. scammers have exploited this the exit scams this is where the scammers try the pipe to boost of the token price only to sell the reserves for significant profit and then leaving their victims out to dry. there's also market manipulation or pump and dump schemes which coordinate groups initiate certain purchases and sales of tokens to make a profit. ai has become the hype generating target of strength of recent tokens. there are hundreds of tokens listed on several blockades that have some variant of the term gpt in their name. while some of these may be well-intentioned, several have involved scammers deceitfully claiming an official association with chatgpt of the supposedly legitimate ai company. another way criminals are using ai is using a combination of machine learning, computer vision, and lps, the latest generative ai to allow them to allow criminals to scale their illicit operations. think about investment scams. these are

that own crypto than dogs. wow. >> -- that's a pretty remarkable -- maria: i'm having a hard time believing that. >> the last comprehensive study was done in january of this year by coinbase, and they said 52 million americans own cryptocurrency today, and that was leased in january. and, obvious, the spot bitcoin etfs launched a couple weeks after that, and we've had billions of dollars of inflows since then, so i actually think that's a conservative measure. maria: wow. so you're right, mark. >> that's incredible. maria: it is. >> who's the profile in who's buying crypto? are they more conservative? more liberal? do tray trust government, do they not the trust government? what's the profile? >> this is a nonpartisan thing, and that's really what we showed in our study about both republicans and democrats actually surveyed very, very similarly. is people all across the aisle are investors in cryptocurrency. i do think it is the younger generations. 60% of crypto voters are gen-z and millennials, and interestin

could be the first crypto election and going for coin base.r hurricane milton. we're coming right back, go away. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward to a more confident future. voya, well planned, well invested, well protected. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just

her campaigns crypto plan is more vague.t and that is part of the opportunity agenda for black men it reads " make sure owners and investors in digital assets benefit from a regulatory framework sold black men and others that participate in the market are protected." this shows both candidates recognize the importance of crypto. crypto insiders believe the industry will outlast the election. >> elections will swing back and forth for a while. crypto should not be partisan. >> it does not matter much to his president. crypto broadly and bitcoin specifically, it's an unstoppable force. an unstoppable force meeting an immovable object, there will be fireworks. tim: crypto has a bigger voice in the election cycle that ever before. ed: ok. coming up, activate consulting out with its 2025 tech and media outlook report. the ceo of michael wolf joins us next. stay with us. we will be right back. this is bloomberg technology. tim: this is bloomberg technology and you are looking at a live shot of the principal room. monday we speak w

we need regulations covering crypto. but when we've got the guy who follows the 80-90-100 rule, it means that we are not going to have somebody who is going to support the sec and trying to do their job. moderator: mr. deaton, one more minute. mr. deaton: i sued the united states government because they hurt small time investors had it went viral. 75 thousand individual token holders. not billionaires, people that have five grand invested. they joined me. 627 of them live in massachusetts and we sued the sec. i said the token was legal, the sec said it wasn't. and judge annalisa torres who was appointed by barack obama agreed with me, so i did my work and the affidavits i submitted to the court and ruled in my favor and said deaton is right and it gave relief to these individual token holders. vice president harris just donated over a million x rp tokens to a crypto billionaire that supports me. so what do the crypto people expect from vice president harris that they don't expect from me? sen. warren: may i answer that?

of the value crypto, 90% of its funding from crypto one 100% of his loyalty to crypto it means we are not going to have somebody is going to support the fcc and trying to do their job. >> senator warren we have to leave your remarks there. mr. deaton one more minute pickle access to the united states government because they hurt small time investors. it went viral part 75000 individual token holds not billionaires, people have five grid invested. okay, two grand invested the drum at 627 of them live in massachusetts. we sue the fcc and i said x rp token was legal. and taurus was appointed by barack obama agreed with me. cited might work for it cited the affidavits that i submitted to the court and ruled in my favor instead deaton is right basically. it gave relief to the individual token holders. now, she keeps on what crypto billionaires. vice president harris was just donated over a million xrt tokens to buy a crypto billionaire that supports me. what do the crypto people expect from vice president harris they don't expect from me? >> met answer that? >> very quickly 15 seconds. >>

what is the election mean for crypto and regulation?ening to the conversation with gary gensler. i'm interested what you think the election means for your space. >> the election means we are going to be attending to the disposition of a new administration toward innovation , including bitcoin innovation, so what we hope to see regardless of the administration is that they take a thoughtful approach, a studied approach, and that they are discerning in how they apply regulation to make sure we are updating so they fit well with the current innovation and they are not just protecting investors in the ecosystem but that they are also fostering innovation so america can continue to lead. caroline: does it continue to lead with the regulatory environment and potential next president? he is saying he wants the u.s. to be the crypto capital. if regulation stays as it is, will it remain so? >> the u.s. has an advantage in that many of the top founders and most innovative companies in the space, including those advancing payment technology, are b

certainly crypto has been dealing with this for a while. how does the troubled rule applied in a crypto environment? especially in a defined environment where you may not have the original information or the ultimate information flowing with the payment or transaction. . these are fundamental regulatory questions. how do you do all of this when the system seems to be fracturing on a geo economic geopolitical basis? you have china and russia trying to supplant. you have talking about displacing the dollar, relationships that seem to be supplanting what are traditional norms. certainly there are a lot of tech companies out there trying to be disruptive around the way trad fi works. but then the question is, how do you deal with access to your institution, access to your data, access to your facilities at a time when you are trying to digitize and internationalize or take advantage of these technologies? that is difficult when the environment seems to be fracturing in ways that are not about a broad global system but more about d globalization

this election cycle, the amount of crypto money pouring into importing into the elections. and that's one way or the motivations are less murphy. the crypto industry has been very clear that they are requiring a lot of money into elections in order to, in order to advance their interest in order to advance crypto friendly policies and to elect candidates that are going to support their industry and to to be candidates that don't support it, that that, that they believe do not support their industry. and if it does seem like it's having a real, a real impact both in terms of who gets elected. but also in terms of the, the willingness of sitting lawmakers to take a more aggressive position i crypto because they were afraid of crypto money coming coming up against them in their election. so i think the 3rd of the amount of crypto money flowing into this election, i'm in support of support of an opposition to both democrats and republicans. you always an indication of just how broken our campaign finance system is. it appears we're on track for the crypto industry to by industr

showing up to the crypto event doesn't mean much ultimately. would like to understand the concrete evidence you have that donald trump is going to be a positive for this part of the asset class? >> i think it is worthwhile taking a step back. up until now, crypto has been a bipartisan issue in the u.s. things under the biden administration were tough for the asset class. that shouldn't be the case. it must be a bipartisan issue going forward. trump put the spotlight on the asset. i think what we have seen is we have seen the harris campaign respond. what investors are saying, the downside tail risk of biden is not there. we have seen investors come back and say i'll have some exposure because whatever the result of the election, we expect bitcoin to have a positive regulatory environment in the u.s. explosive under trump and neutral or better under harris. >> when i was reading about the reasons why you decided to launch in europe, your company highlighted the clear regulatory environment you have in this part of the world as the reason why you

the nice thing to both sides is a crypto currency from clean base. just how far removed these donors from individual americans or yeah, that is another big story line, this election cycle, the amount of crypto money pouring into, importing into the elections. and that's one way or the motivations are less murphy . the crypto industry has been very clear that they are requiring a lot of money into collections in order to in order to advance their interest in order to advance crypto friendly policies and to elect candidates that are going to support their industry and to to be candidates that don't support it, that that, that they believe do not support their industry. and if it does seem like it's having a real, a real impact both in terms of who gets elected. but also in terms of the, the willingness of sitting lawmakers to take a more aggressive position i crypto because they were afraid of crypto money coming coming up against them in their election. so i think the 3rd of the amount of crypto money flowing into this election, i'm in support of supp

i think you saw that with crypto. know, there's different types of crypto and let me say i'm a huge fan of crypto and its utility. i support bitcoin, et cetera, but there's a lot of large scale bitcoin owners who have made significance donations in an effort to manipulate his perception of crypto. to their benefit. and so i think that's the perfect example of him being transactional and could be manipulated. >> what do you make of his crypto venture? i saw headlines about it when he first announced it. i saw the rollout was ridiculous, but the more i looked into it, i mean, here's one of my favorite details, this was reported in "the new york times." he met these guys including the ex-con and the pickup artist guy through a real istate billionaire guy he knows, and that guy's crypto savvy was such that he called a meme coin a me-me coin, and that's the guy with the expertise that he was tapping to set up his company. come on. >> it's all crazy. i mean, the only reason you sell cologne, you sell commemorative coins, yo

we got involved to develop a smart framework to support crypto. we look forward to welcoming everybody to this very important and very interesting addition of it in october. >>> as you say, increased institutional adoption, more mainstreaming as well. the price currently sitting at around 62,000 usd. where do you think we're at right now in the current cycle, and where do you think things are going? what activity are you seeing on the exchange that might give us insight into how investors, how traders are currently thinking where bitcoin stands? >> absolutely. so if you think about it, you know, that's going to be volatility in the crypto space. for those of us that have been involved in it for some time now, this is part of a cause. we're very used to it. despite the volatility, if you hook at crypto asset class, bitcoin itself has returned more than 40% year to date, making it one of the best performing asset classes around the world on that front. i mentioned 2024 has been a landmark year in terms of institution and adoption. for the longest ti

headline, trump teams up with pick up artist for new crypto scheme. his business partners and his new cryptocurrency scheme are number one the founder of date hotter girls llc and number 2 and ex-con previously involved in a scam: cleanse product advertised on facebook whose owner is known prison. the business partner for trump number two and i am sorry to call them that with the whole: cleanse thing. nevermind. he calls himself the dirt bag of the internet and here we are back to the: cleanse calling himself the dirt bag of the internet starring on podcasts like from broke to millionaire in 14 days. these are his business partners in his new crypto venture and in terms of their most recent ventures before teaming up with trump's new business partners founded recently and only fanscompetitor in puerto rico that reportedly crashed on launch day and lost subscriber information and has already gone out of business. they also founded another crypto company before this new one with the donald trump called doe finance and you may call it that but the one th

because they were afraid of crypto money coming coming up against them in their election. so i think that of the amount of crypto money flowing into this election, i'm in support of support of an opposition to both democrats and republicans. you know, as an indication of just how broken our campaign finance system is it? it appears we're on track for the crypto industry to buy industry friendly regulation and industry friendly oversight, just simply by virtue of the amount of money that they're willing to oregon to our system. okay, sites until it goes through that. so clearly brendan fisher of the investigative watchdog and john is in project documented. thank you. thank you. of the georgia, the black sea country rather than the us states is preparing to hold election that will pay to coalition of pro europe policies against the government. that is seen as leaning towards russia. opinion polls indicate most georgians are in favor of joining the e. u. for george's name. russia has traditionally had a lot of influence over the country. in recent years, the governing the geo

major news for crypto and hundreds of millions in that collapse of crypto exchange ftx. a judge has just approved the plan for bankrupt firm and we're about to get reaction from one of them who lost $130 million. orlando bravo, private equity king and bravo managing corrector and founder and joining us in a fox business exclusive and how much of mig you're expecting to get back and if he'll ever invest in crypto again and going with the "claman countdown" coming back and dow going higher 358 points to the upside. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management (marci) what is going on? (luke) people love how the new homes-dot-com helps them get quick answers about any property by connecting them to the actual listing agent. (agent) oh! so, i'm done? (luke) oh, no, no, no! we're still not sure everyone knows that we're the only site that always

in the senate the crypto industry is hoping the put several new crypto-friendly paces -- faces in theiff, jim justice, rubin gal go, elissa slotkin and bernie moreno in ohio. ohio is the battle ground state where the crypto industry has a lot to lose if they don't beet senator sherrod brown. he's a known skeptic of the industry. just last year he urged treasury secretary yellen and sec chair gensler to put in place better rules to protect investors. fox news power rankings still has that ohio senate race ranked at a toss-up. stuart? if. stuart: quick programming note, the fox business special the crypto campaign hosted by sean duffy, it will air friday night at 8 p.m. eastern on this network. >>> now this, all eyes are on tesla's earnings. they come out after the bell today to. emil michael is a former executive at uber and a tesla analyst. tesla investors, i think they want more information on the robotaxi. if they get it, i think they'll get more enthused with tesla, with the stock. what say you? >> i agree totally. the october soth -- 10th event when they rolled out robotaxi was hi

if anyone calls or texts you about a crypto investment opportunity. after all, any money making scheme? audrey, that seems too good to be true. most likely it's too good to be true. usually is. scott, you mentioned it's very hard to trace. so. so can the fbi. even track these thieves trying to steal a cryptocurrency? it's normally extremely hard, but the fbi did here to come up with some of these numbers is they created their own crypto coin. it's worthless. but it was something that was stolen by some of these thieves. so the fbi could actually track that. and so they had some idea of where this cryptocurrency was going. okay. so the fbi is trying to stay on top of it, but how can we protect our assets in the meantime? i mean, the best way is just common sense. i realize there are people who made money in cryptocurrency. i get asked about this all the time, but unlike art or your home or your auto or money in a bank account, crypto is not insured. there's no fdic to back it. so anything you have in an exchange really depends on how secure that exchan

standpoint for crypto?titutions they would like to see donald trump because they know what they're going to get at the sec and then with respect to the crypto investor regardless of who wins they're very optimistic we will see bills passed that will open up the doors to institutional money and that's what the ecosystem needs to scale, they need a lot of wall street cash onboarded into crypto. >> nick, mac, thank you very much. for more you can watch our podcast at any time by following and lynch listening to "power lunch" on any platform. back with final thoughts right after this. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or re

you covered on your crypto journey so you don't end up like this guy grayscale crypto investing beginse, growing your business is easing. >> once you know that moves with godaddy website plus marketing, you can quickly create a website and ai will customize it for you. and your business there and get more customers in here. no sweat for it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. about the presidential race and what the outcome might be. cnn

he wanted to get the crypto money out.told him he couldget anli bank d two banks that as fast as one dy writes kilia gave me idea to try to open loan under kosugihe, especially because i had his driver's license. no, his social security number and the bonuses. i also lookik. indeed,rudy and g resemblance. m them apart, he said. the bank rejected his application, so he ap to sofi, and when idere had to take a photo ofimself and look exactly like suj in an audio call, rudy told suji and seven on your it to look like k. >> i wore glasses, his hair to look for bald look more serious. also use his clothes. >> when selfies didn't work, rudy says he edited portions of zoom recordings. he found on his laptop and tried to enter them into the verification app. >> i have four video meeting. i changed it back shorter picture to use kosugi's face. il kinds of my face. >> his video when nothing worke, rudy said a member of the crypto group came to his house and hacked into a database containing a security video of suji. rudy claims a re

is why, as the world's largest crypto assets manager will do more to keep you covered on your crypto journey so you don't end up like this guy grandkid crypto investing begins here. >> the fall holiday weekend is just around the corner and it's the perfect time to come. >> you've seen the action on america loves. >> it's so much that bombs is opening thanks to new stores on october 11th to come out of bombs near you. >> i had eight utis in one year. this inspired me and my partner spencer to launch your cora you cora makes effective urinary tract health products it truly works miracles. >> the peace of mind. i've been looking for good new kewara.com to learn more spam is not just span its data brokers selling your contact details, browsing, history, even social security number we know it sounds scary. >> so remove your personal data from data brokers within cagney, get the deal and go in cognitive. >> now, how many subscriptions do you have? probably just netflix and spotify, right? it's saying you have 13 subscriptions which has cost you around $270 a month you can cancel the ones y

let's go to the crypto market.ng with bitcoin searching past 72,000 for the first time since april inching toward the all time high, 70,800. it has been doing well. luke loyd, investment strategist, joined me now. crypto investors certainly seem to be feeling bullish. where is this coming from? >> reporter: 20% of people in america on some sort of crypto currency now. it is important to talk about it, 20% of people own it. this is all political. donald trump being outspoken about it, this is what about crypto currency getting a bumper so let's get political about it. of the founding fathers of america were still alive today they would love bitcoin and crypto currency. gives power back to the people to own their own money and transact without intermediary so essentially that is why we didn't have a central bank until 1913 which sparked our current economic system but we don't live in 1776 anymore. i spoke at a conference a few weeks ago in cincinnati, people need to understand bitcoin's biggest strength of being a d

the world's largest crypto i said manager will do more to keep you covered on your crypto journey so you don't end up like this guy stom hair and skin formulas today at pros.com. >> i'm alayna treene traveling with the trunk campaign. and this is cnn closed captioning brought to you by guilt visit gilt.com today for up to 70% off designer brands. >> hill's house or designers, they get your heart racing. had inside a prices new every day currie, they'll be gone in a flash designer sales at up to 70% or so of guilt gilt.com today alright. >> 21 minutes past the hour. five things you have to see this morning his small plane crashed into a front yard in georgia, leaving the pilot dead and a passenger onboard injured one witness said the crash sounded like a bomb went off. the ntsb are now investigating how it happened lift off for the europa clipper are the largest spacecraft built for planetary exploration the destination jupiter's moon, europa. the mission to find out and we live on jupiter. i'm skeptical about that, but hey, there's a reason they scheduled the cyclists. alright. not y

. >>> and later, is the crypto climb a tell for the election? while wells fargo thinks flutter is worth a gamble. and the details behind today's sofi surge. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. >>> a milestone dale foy for st. the dow closing above 43,000 for the first time ever. and the nasdaq closing in on a milestone high, as well. less than a percent away. it was also a historic dale for nvidia. shares closing at a record high, up 8% in the last five sessions. the first time since june the a.i. giant has closed at an all-time high. the chip maker topping 3$3.4 tri trillion, apple at $3.5 trillion. what does this say about the health of this rally, maybe just the strength of nvidia itself, guy. >> first of all, people should know that mel is playing hurt today, and, you know what? >> they can hear it, but -- >> you should be acknowledged for coming in on this columbus day. >> there's no i in the word melissa. >> there is an i and tim. an

so-called crypto president, but also to down-ballot, pro-crypto candidates.re on the superpac support. that's next on "the claman countdown." ♪ ♪ ... coventry direct today at the number on your screen, or visit coventrydirect.com. it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. liz: with just under two weeks until election day, you just heard kevin o'leary talking about that small slice of undecided. the cryptocurrency

democrat kl colleague. >> sherrod brown is against the crypto, long with elizabeth warren. great senator, i think he will win this race, this is a fair shot for a senator to win in a state even up bernie moreno will win. larry: you have written and spoken, trump is provided black opportunities, black american opportunities and enterenterprise, a big part of the story. >> he has a pro-growth agenda. it was under trump communities of colors had access to affordable the most ga -- m mortgages and job creations with president trump you had transparency, a commitment to economic development. and the opportunities. something that not a lot of folks know, i was the first person of color in history of our united states to chair a banking regulatory agency, trump did not do it to check a box, he chose me because i could get the job done, and not saying he did it as rhetoric, i lived it first hand, i have -- i got to see communities benefiting from his policies second chance initiative. 4 mist 450 million invested in historically black colleges and universities that historically crea

platforms crypto exchangers. export of dental services in belarus continues to grow, this was told in an up-to-date interview with the first information channel by the chief freelance dentist of the ministry of health and rector of the medical university sergei rubnikovich. in twenty, the country earned 5.5 million on teeth alone. uzbekistan, all cis countries, far and near abroad come to provide dental care, only last year more than 20 thousand came, who came only for medical services in the field of dentistry, this is implantation, this is the production of various orthopedic restorations, aesthetic restorations, implants. let's say to install in a european country it will be within 3-500 dollars, here it is 300 dash 600 dollars depending on the choice of the dental implant itself, well, and the methods that the doctor uses, so of course the difference is several times, i will not even mention america, where this dental treatment will be tens of times higher, there to remove one impacted eighth tooth will cost

these are trump's business partners in husband new crypto venture. in terms of their most recent ventures before teaming up with trump, his new business partners founded recently an only fans porn competitor in puerto rico that reportedly crashed on launch day, lost its subscribers information, and it has now already gone out of business. they also founded another crypto company before this new one with donald trump. it was called dough finance, not doh like homer simpson, but dough like bread. still, though, you might call it doh finance, the one thing it's famous for is losing millions of dollars of its users' money because the computer code that was used by the dough finance guys had a gigantic flaw in it that let thieves walk away with the money that people had invested in dough finance. they just left the door open and the money was all taken. because the code allowed thieves to do that. well, according to the industry publication coin desk, that samn code from dough finance appears to be, quote, remarkably similar to the code that the trump cry

good luck on the crypto trail. coming up, democrats can call mr. every bad name in the book and they're desperate leading the race down the home stretch. talking about it tomorrow with congressman wesley hunt when kudlow returns. ♪ (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) you can't be that different. (fisher investments) we are. we have a team of specialists not only in investing, but also in financial and estate planning and more. (other money manager) your clients rely on you for all that? (fisher investments) yes. and as a fiduciary, we always put their interests first. (other money manager) but you still sell commission- based products, right? (fisher investments) no. we have a simple management fee structured so we do better when our clients do better. (other money manager) huh, we're more different than i thought! (fisher investments) at fisher investments, we're clearly different. new projects means new project managers. you need to hire. i need indeed. indee

and we have a number of ways they can participate in crypto at schwab.nts and more broadly among retail investors has declined a decent amount in the past couple of years. >> really? >> i think there's been some regulatory barriers to us offering direct kcrypto trading. but if those barriers loosen up a bit some time in the future, i think you should expect to see schwab innovate in that space. the spreads are extremely wide. it's not necessarily a great way for investors to get efficient buying and selling of crypto. so, if the door is open, i would expect us to be there. >> right. walt, rick, i want to thank both of you for being with us today. big news on the company and we appreciate your chjoining us. >> thanks for having us on. >> good golf support from you guys, too. that traces back to chuck, i think. some of it, anyway. >> chuck is a big golfer and a good golfer still at the age of 87. >> weren't you the golf captain on -- >> i was a golf captain of villanova, yes. >> he's got a pretty nice out there, too. >> in pebble? >> yeah, he does have a n

>> well, crypto is do not going anywhere. it is not going to contract. to be expanding. and i think we would be a fool if we're not prepared to do everything we can to harness the opportunities there. ye i'm a fiduciary over the state's pension funds. i put it to our investment team, let's get all the tools on the dashboard, let's look at everything we can do to possibly leverage this opportunity. i'm very bullish on florida. you can probably figure that out by now. as we had 400,000 new net floridians come to florida last year alone, our state's reserves are four times higher than they were in 2020. so, again, we're in a good place, i like to pay down debt, i see there is an opportunity that is very bright for florida's future. we need to be prepared for what crypto can bring to our investment portfolio. >> do you think china is trying to fool the rest of the world into thinking they're not interested in crypto. in the past, they said some negative things about bitcoin. you think we need to stay ahead technologically in the china in fact is making and i

because there's a view that he may be more pro-crypto. at thepro-crypto.harris may be more open to crypto than she used to be. i don't know if you see a massive distinction between the two. >> both candidates seem like they're in favor of the u.s. being a leader in the space, which i think is a welcome departure from the status quo. so, it could have an effect. the markets could be reacting to the political sphere. but also, we're seeing broad-based optimism right now across multiple asset classes. i don't think it's just crypto. and you know, markets shift up and down. the scenario can change very, very quickly, but right now, when we talk to our traders, many of whom are at this event, they're expressing a lot of optimism. they believe the future is going to be better than the past. america's kind of at the intersection of all of these new trends and innovation, if you're looking at electric vehicles, artificial intelligence, there's a lot of potential there, and they see america and the u.s. stock market as the best way to kind of capitalize on that. >>

and crypto portfolios.rt of taking the industry by storm, so the speak? >> well, if you're invested in the educational stuff on etf space. in that space bitcoin etfs arrived earlier this year with, so this is their debut year, and it's already a 60 billion plus segment of the market. so it is the all of a sudden an access point that has a really taken the world by storm. so the whole advisory channel, we're talking to advisers out there, and we were talking about this earlier, it's to date reputational risk, for if they cannot have that -- charles: just a year, two years ago someone with says, hey, bobby, the guys on my job are buying bitcoin concern stay away from it, bob. >> yeah. charles if you can't talk to your clients about bitcoin, your reputation as aned visor takes a hit. >> absolutely -- as an adviser. >> absolutely. there really is no excuse anymore to say, you know, custody is difficult, you can't really put it in a brokerage account. all of that has been solved through the etf wrapper, so you j

there's also an increase in that the point crypto scams and disinformation at scale. bad actors are able to upscale their operation by using ai to auto generate text, images, websites, videos and other content offers. this can be done through the creation of scam sites and the ability to rapidly disseminate crypto related disinformation. for an instance in to avoid detection or if a law enforcement about actor running a scam operation may cycle through different sites with new marketing creating a new site every time. this process can be seamless and low cost to the use of ai. in addition to sustaining the scanned infrastructure which is necessary for the scam, scammers can use ai to accelerate an upscale their outreach to potential victims in order to generate illicit proceeds. this might include voice cloning, gpt style chat tools as we described deepfakes and ai aided social engineering to bypass security measures for personalized phishing, cryptocurrency confidence investment scams and other schemes. another example is using large lingual model such as chatgpt, tw

deaton's wealth is tied up in crypto. 90% of his funding for this campaign is coming from crypto. and 100% of his loyalty in washington will be to crypto. that is corruption. mr. deaton: you notice that she didn't even mention i called her corrupt and she wouldn't even address it. she won't address the epstein stuff either. she just wants to kick it under the carpet and pretend it didn't happen. i can tell you this. i come from extreme poverty. i made all my money before i went to washington. people are sick of people like you going to washington, d.c. broke and coming back 10 years later multimillionaires. i don't think you should ever condemn anyone in the private sector who came from poverty and food stamps. when you say i didn't donate, i sued the sec. i won lawyer of the year award. freedom defender award because i did all that work pro bono. sen. warren: he did pro bono work for crypto? are you kidding me think that counts as a charitable contribution? [crosstalk] moderator: staying on the issue of health care, you have said you are the pro-choice candidate in this race and

you covered on your crypto journey. so you don't end up like this guy grayscale crypto investing begins here. we work hard and we pay our taxes, but billionaires are getting away with paying less in taxes than we do. donald trump gave them a huge tax break and wants to give them another one. >> the rich as hell. we're going to give you tax cuts. >> well, i'm not rich as hell. kamala harris will cut taxes for working people and make billionaires and big corporations pay their fair share. trump is fighting for rich guys like himself, kamala is fighting for us pac's responsible for the content of this ad. i'm going to give you this designer bag. if you can prove to me that you know your finances. let's do it. how many subscriptions do you have? >> probably just netflix and spotify. >> all right. it's saying you have 13 subscriptions, which is costing you around $270 a month. >> what the app is telling you all of this, it shows you all your expenses in one place, and it can even help you create a budget, which i think you n

stuart: he's the crypto guy, got it.art: i talked about it and i think i'm better than he would be and better than most people would be in that position. stuart: okay, that's trump and breaking down the full criticism of the fed for you a little later. house speaker johnson calling out cbs for how they edit their interviews and they purposely undermine republicans that held help democrats like kamala harris. brent bozell taking that on next. ♪ ♪ the soul searcher. and - ahoy! it's the explorer! each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. when a tough cough finds you on the go, a syrup would be... silly! woo! hey! try new

crypto peace. there is more young americans who don't trust big banks.s overall have crypto that have individual stocks. which was shocked to learn. i did of an event with former republican senator pat told me. getting people in the crypto industry and young people, getting them to vote no matter what their political party is. that's the message she's giving folks that they are responding to. >> kayleigh: trump has been very vocal on cryptocurrency. another thing he's been very creative about, i loved watching this this morning. watched donald trump with lawrence jones at a barbershop here in new york. >> you guys are the same as me. same stuff. we were born the same way. i grew up in queens. all event. i had a great father. he was tough but good, big heart. big, big heart. he was a construction guy pretty much. real estate guy. i learned a lot from him. he was great. i know you people so well, without knowing you, i know you so well. when i walked in here, i said this is home territory. >> kayleigh: i think some of them had shirts that were like "make b

coming up — customers of the failed crypto exchange ftx will be getting their money back, but not alls the uk, this is bbc news. hello again. the prime minister of italy is due to testify today in a court in sardinia. ina landmark today in a court in sardinia. in a landmark civil case over so—called deepfakes. she is suing two men who allegedly made a deepfake pornographic video using her image, which was distributed online. deepfake videos first emerged in 2017, as well as pornography they are now used for political misinformation, or as i found out myself last year, investment scams. british residents no longer need to work. that is the announcement made by our guest today is on my school will unveil a new investment project. while the connection is going on, i will tell you more. this project opens new opportunities for british people to receive a return on investment more than $3 billion were invested in a new project and is already up and running at the moment. it is weird, really weird. it puts the hairs on the back of my neck on edge. how damaging our deepfakes to female politi

all that's from crypto sector corporations. what do you make of it?y is crypto putting so much money into d.c.? >> good for the crypto enthusiasts. the government is trying to the stifle innovation. this is self-serving motives. it would be similar to if the government was stifling, you know, electricity because they had stake in oil lands. you just can't do that. and i think it's great that the crypto community is saying, hey, let's focus on policy. who here is enacting policies to stifle innovation? let's make it known, let's get some money and back the right candidate on that. charles: all right. hey, real quick, the nobel prize for physics, considered one of the fathers of a.i., but now he's a major figure of what they call doomerrism. what do you think? you know, just this notion that, ultimately, all of those things that you and i cheer and celebrate and try the make money from could be bad for mankind or humankind? if. >> yeah. so hinton stated that a.i. is achieving things he did not think was going to be possible in this lifetime, and he's en

trading, commodity trading , buying crypto and any asset within our broker from a legal account.curious that fedyakin not only carried out transactions without commission, but also promised to pay extra. she explained such unprecedented generosity by some influential connections, and she also offered to invest in mythical projects, for example, investing in opening a seven-star hotel in the emirates, in buying oil and even in construction. tanker fleet. valeriana offered me a project to buy oil. let's talk, we will buy ourselves, we will export ourselves and we will sell ourselves. for this project, she asked me for almost 8 million dollars. this is a presentation of one of valeria fedyakina's projects, compiled in the simplest graphics editor. a schoolchild can do such work in an it class. all contracts with oil companies, to which bitmama referred to, turned out to be fake. people who respond to the offer of such crypto bloggers fall into three traps: trap number one - do as i do, you will get the same. mistake number two: everything is very simple, just give me your money, i w

meanwhile, spending by the crypto industry to donald trump has slowed down. show the trump committee received $7.5 million in crypto donations but the make america great again pac shows no fresh contributions for september. david? i'll take it thank you very much. speaking of the election, tune in to cnbc's special coverage on election night here beginning at 7:00 p.m. eastern time on november 5. >>> still ahead this hour, your money your vote road trip. to brian sullivan with a preview. >> hey, carl, thanks very much. we are here in erie, pennsylvania, one of the key cities and countyiies and key state and talk about the economy and energy and how they all kind of relate to how voters may not only feel, but how they may decide the your money, your vote road trip coming up ain couple minutes. "squawk on the street" back right after this. ♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music)

does he understand the crypto landscape?t these regulations around climate change agenda is having? >> well, i won't spoo speak fort gary things, what his opinional motivations are. he certainly has a perspective. i've been with the agency for 18 careers. done a lot of -- 18 years. done a lot of things with regulations of securities. the approach we're taking seems to be the wrong one. maria: what would you like to see different? >> i would like to see us for one, we need to lay out some clear guidance and interpretations on what exactly falls within and falls outside of the securities laws. you can't even start to have the discussion unless you know what's in and what's out and from there to the extent that you are within our realm, we need to think about how does a broker handle that's securities. maria: and that's the same thing as relates to esg, right? >> well, that's right. esg, it's on our agenda. we've had a number of folks who have been pressing for that but really what is the risk that investors want? when i talk t

yous is a classic crypto exchanger. cryptex is the same, only with a wider functionality. the main point of these virtual platforms is anonymity. if a person wants to withdraw money from a conditional legal exchange, he will have to go through the verification procedure, that is, provide an identity card. if a person wants to withdraw crypto anonymously, he goes to platforms like ufs and cryptex. this sphere was not regulated and was, in fact, in a gray area. payment the system provided for the interests of the so-called darknet market. if translated into simple language, then this is marketpce, which provides access to various services in the field of carding. that is, trading in other people's data, stolen , therefore, bank cards, phishing programs that are used for hacking and theft, therefore, private information. cybercriminals and hackers became interested in the services of black marketeers, legalized income. the defendant in the criminal case on the illegal turnover of cryptocurrency funds was delivered to a division of the main investigative department of the inve

how do you want crypto to be used in a practical way in the coming decade?n innovation happens here in america. and what's happening is because of people like sherrod brown and elizabeth warren they're pushing the industry overseas. europe is way ahead of us, something i never thought i'd say, in the technology sector. we have to make sure crypto companies understand what the regulation and tax policy is so this flourishes here in america. sherrod brown is the least qualified person i can think of to regulate crypto. he doesn't understand how e-mail works, let alone understand how this technology works. we need people who know what they're doing. maria: people are questioning whether or not the people writing the legislation and framework around bitcoin understand bitcoin and digital assets. >> the punch line is they absolutely don't. they have no idea. i mean, it's -- these are the least qualified people. these are people that are just way past their prime, that have no idea how technology works. that's the problem. we need people in washington, d.c. that's

the crypto campaign, fox business special hosted by sean duffy airing at 8:00 eastern.the luxury retail, what's the problem. >> christmas is out iconic annual gift catalog known for its extravagance, christmas cheer removed of the word christmas from its name after a nearly 100 year run. a christmas book which has been in print since 1926 removed of the word and instead this year we get the holiday book. so it was really popular when we used to shop out of catalogs but now it has become more of a beautiful thing to look at, a bucket list for the wealthy and for dreamers alike. they are known for their fantasy gift which is usually extravagant, but it is getting some pushback. some people are upset in the company, a new ceo rumored to be unpopular, and some internal restructuring. it will be purchased by hbc which is the parent company of saks fifth avenue in 2025. we will see new ownership but we are seeing changes now, no more christmas. stuart: get that guy out, he's a european. thank you. now let's take a look at the movers, start with toll brothers, luxury homebuild

what is interesting to me is the bipartisan support you have crypto pac money going to republicans andocrats up and down the ballot. just this weekend, we found the billionaire ripple co-founder gave $12 million to kamala harris he said he has been having conversations with her campaign behind closed doors and he's optimistic. >> in general, this rise with cryptocurrency, for a while, i remember former president trump spoke at the cryptocurrency conference jd vance is seen as pro-cryptocurrency and bitcoin the fact we are seeing this rise and the election is two weeks away, does this mean they believe trump is going to win the election >> they are hedging their bets the most recent spend numbers show in september the latest tronche of cash went to the toss-up races. i think the overwhelming sentiment is the crypto industry wants to build a congress to vote through favorable legislation. they need people on both sides of the aisle to do that. >> one last question black blackrock's etf product. you are saying there's a change in who is investing in that. we will talk about younger invest