let's bring in daniel p. simon he is the author of fin surgeons daniel thanks for being here. thanks for thanks for having me absolutely so while the f.c.c. is dragging its feet on the issue of crypto a big point and i guess saying dragging their feet is giving them a lot of credit there is still major investment not only in the fin tech space but also in the crypto tech space is there not. there is yeah and you know just to be fair to the just to be fair to the f.c.c. and the regulators for a second you know. it is a as you pointed out in the opening. it is going to be opening the door to a lot of retail investment and i think that's why they are proceeding cautiously so we say about how to treat this asset class. yeah i think you can give them some credit for that i mean certainly it's an important issue i think under under u.s. law they have forty five days to make a decision without explaining why they haven't and it seems like since the summer of last year when the winklevoss is first tried to do this that we've kind of seen a very slow process maybe because it's so uncha

from the scene see what's going on here crypto markets though are starting to move upward again daniel simonthe author of the insurgents carves out the complications and gives us the latest on crypto prices all of that straight ahead but first let's get some headlines. let's start here with a glimpse into the finances of the world's most profitable companies saudi aramco pulls back the accounting curtain to reveal one hundred and eleven billion dollars in profits that john dropping number puts the company far ahead of its nearest rival for the world's most profitable company apple so you thought apple was the most profitable it's not even close around nearly doubled the tech companies profits the new level of financial disclosure is supposed to increase investor comfort how could it not now with that bond sell to finance around cost purchase of a seventy percent. take in the saudi national petro chemical company s.a.b. i.c. we reported that last week so saudi officials they indicated to the wall street journal that the initial public offering for aramco is still planned it's just now delayed

guild asked the writers to fire their agents and a number of prominent ones already have david simon and daniel. they are asking for changes to the deal that have been in place since 1976 they want agents to eliminate a 10% commission fee for packaging writers with other clients they say the packaging deals are ben fill theal to get into the production game putting them on both sides of the house, if you will >> and they try to talk the writers down. >> it will be interesting to see what happens to hollywood in the next month or two or next several weeks to see if a new deal gets put-back on the table or if hollywood slows down to a crawl. >> they are flad ft for a few years. you would think it would be the best of times. >> the commotion this is going to cause is going to be real because a lot of these shows, there are new shows going on the air, old shows need to staff and how that's all going to happen getting complicated quickly. and, by the way, potentially you could see writers not only -- i think there's a view that some of the writers are going to come back to the agents but i wonder ac