david sachs has a long resume in the industry and is venture capital firm craft ventures has investedcrypto and invested in a.i. startups trump tapping david perdue to serve as ambassador to china, perdue has significant business experience the former ceo of dollar general the top executive at sara lee and reebok he was responsible for corporate restructuring and global expansions in singapore and his lift in hong kong we will see how tough he will be on communist china. >> i think this goes two things the crypto currency side and the china side, crypto currency, crypto is too big to ignore with the three and half training dollars with crypto currency we need somebody that can understand how crypto currencies will coexist with different countries and keep america on track and when it comes to china obviously we have the a-team like i talked about before the tariff team the people in their then know what their doing in regards to competing with other countries and making sure it's number one. maria: thoughts on these pics. >> and think the big tech that is paying off absolutely with th

so, who exactly is david sachs, this new ai crypto's are? i heard he is a part of the ai mafia, venture capitalist with softer businesses there. is he intimately tied to crypto? >> the important thing to note is that he has been supportive of crypto for a while now, as well as in the ai space. we had reported previously that there would be a crypto's are. it was not clear at the time if that would be combined with this ai's are role. we now know that it is. again, that points to how far, you know, these emerging technologies, how big a role they will play with the trump administration. this is really capping what has been a turnaround because of his relationship with crypto. right? originally he was skeptical of it. on the campaign trail he said he would fire gensler. now we have adkins, supportive of it. sachs, like him, a supporter financially of trump, supporter of crypto, really helping to bring in not just the crypto industry to donate, but also younger men in general. abigail: absolutely -- scarlet: absolutely, that is part of what we

david sachs as white house ai and crypto czar. trump posting that the venture capitalist will guide policy in artificial intelligence and cryptocurrency, two areas critical to the future of american competitiveness. katie ruth helps cover all things venture. we have another venture capitalist other than the vice president-elect is well-being one. david sachs has been close to trump of late. can you tell us how we got here? >> he was a big fundraiser for the presidential campaign and also quite close to jd vance, the vice president-elect. david sachs was hosting fundraisers and getting other silicon valley supporters to come on board and support trump. it is not surprising that there is some sort of partnership here. caroline: and indeed, not a full at the seat role in politics. that means he has to step away from craft ventures. we know he has focus there because he has a key man risk. his venture-capital history has been extraordinary. he has been in the angel rounds of some of the most successful exits we have coming out of -- w

so what are some of the things that david sachs and donald trump are going to be doing in this area?es with crypto is nobody knows how much to regulate it should there be any regulation at all and i think from a -- stand point of having some clarity reducing uncertainty, that will certainly make it much more likely that you have more crypto bowls that bitcoin continues to climb higher. but then further more you look at the rest of the trump appointees and nominees whether it is scott bessent in the treasury and howard and fcc they're trying to make this a legitimate currency and all if at some point you see a company like amazon allowing people to buy goods with bitcoin, or with crypto overall the coin is going to go to the moon. it will go up substantially. so i think you'll see more use cases. i think they'll have some clarity on regulation and both of those are going to be great for crypto. >> of course donald trump is first president to come along who embraced crypto like this why do most politicians think crypto is such a threat to them? >> well i think probably the biggest issu

incoming crypto is david sachs and crypto friendly sec pick paul atkins, bitcoin just hit $100,000, heren are we sure that crypto friendly is bullish for crypto prices? bitcoin has been running a four years with uncertainty and open ended predictions. for going to get more clarity and guidelines are investors going to stay as excited as they have been about crypto? >> they definitely are, crypto and a.i. are the top two priorities in the trump administration partly because we want to be number one in the world and the two technologies. a lot of cash, billions have gone into the uae and the middle east is the rules are clear and a ton of talent has moved over the critically unclear regulation, that means people will move their talent back to the u.s. i more important, crypto will play a big part and what were going to do next. the second is the crypto active be proposed this is a certain percentage of the u.s. reserve will be held in bitcoin and that's what's driving the price up anything else. then we seen quietly in the background, the institutional investors that have actually made lar

that is something that will not make what david sachs a second amendment for compute possible.let's go with looking how these technologies are used in 'tnot regulating the tools themselves. that is a path we don't want to go down whatsoever. >> trey: i think you are going to be a very busy person overto th be next four years. i think technology will move lightning pace. i am glad i have y your female address and cell phone number. i hope you have a happy new year an d a merry christmas and we will see you in 2025. >> merry christmas, trey. up next, one where sean will not throw out donald trump'st conviction. doesn'tht matterro and former prosecutor andrew zukowski after the break. business just to keep the lights on. you're here to sell more today than yesterday. you're here to win. lucky for you, shopify built the best converting checkout on the planet. like the just one-tapping, ridiculously fast-acting, sky-high sales stacking champion of checkouts. that's the good stuff right there. so if your business is in it to win it, win with shopify. the next mega millions drawing is

>> it's also vivek ramaswamy david sachs in the group of people is brought in into his circle who areonaires or close to it and very smart. elon musk is sort of the thomas edison of power generation there with einstein, a genius. he bring in this talent talent has financed the president-elect is the president-elect and will be president. i think it will go fine but if any of these people, musk or vivek ramaswamy or, no matter who but if any of them think they are running the show, they are going to find out that's not the case. we saw this already. lots of people but they were going to manage donald trump in his first term, they didn't make it to the end and i don't expect anyone to attempt to push around donald trump and i don't think anyone is dumb enough to do t that. >> in this case they can go back to leading when it comes to spacex and david sachs will be remarkably successful. i think some of the headlines the critics are jumping all over this relationship in newsweek elon musk, follows in his bookmarks. finance president musk. these in the past we get under 47 skin, my sense i

looking forward to meeting with kash patel and david sachs this week and have been talk with all of them along the way. they are all on a path for confirmation and that's an exciting thing and important principle for us to maintain come the the president getso choose his team and we're excited for that to be resolved in the early part of next year. near the end of this year i want to say, stopped as it would affect to the leadership team, these friends have done a great job helping us to leave the conference over the last year and last two years, helping meet the last year plus as speaker and leader scalise and with amber and elise stefanik was her conference chair, soon be serving the trump administration in new capacity, vice chairman blake moore has stepped in to fill the void, next week in a denigrate up and want to thank him for that. despite the challenges we have we're able to secure key wins in the congress. you heard blake and steve recount some of that beginning with h.r. one, energy policy we advanced and h.r. two on the border. we held this disastrous administration accountab

elon musk, david sachs, marc andreessen, just to name a few. our guest joins us to discuss the new intersection of tech and politics in 2025. some names that we already know much about with more lining up for a dinner invitation. >> i mean everyone seems to be making their way to mar-a-lago. there is a very different feel from 2016. at that point trump held that sort of famous meeting and trump tower where all of the tech executives ended up coming, but it felt like they were almost forced to be there, dealing with their employees back at headquarters in silicon valley complaining and protesting at all this stuff. this time it feels different, going one by one and having dinner at mar-a-lago, being very friendly. i think that the awkward situation here is the elon musk of it all. all of these people are competitors in some way or another to him and his companies and often when they show up to dinner, like jeff bezos from amazon, elon musk is often at the table. how much can you really say to donald trump or accomplish when one of your biggest e

. >>> venture capitalist david sachs has been picked to serve as trump's a.i. and crypto czar, known as a loyalist who hosted fundraisers at his home in san francisco for the new president-elect. he hosted a podcast that interviewed trump in june. he's friends with elon musk and has criticized u.s. efforts to help ukraine against the russian invasion. trump tapped him to lead the presidential council of advisers for science and technology. >>> we're learning much more about how much elon musk donated to the trump campaign. according to new filings with the federal election commission, musk gave at least $260 million to help trump. that total makes musk one of the largest single political underwriters of any presidential campaign. >>> amid uncertainty about the future of u.s. immigration policy, many universities are issuing a warning to their international students to make sure to return to campus before president-elect trump takes office. the warning comes in the wake of trump's promise to carry out mass deportations of those in the country illegally. one lett

donna trump shows david sachs to serve as his ai and those are underscoring intent to boost to industriesnominated david perjurer as ambassador to china, looking forward to implementing trump strategy. new york police released photos showing the face of the alleged suspect in the shooting of a ceo , they offered $10,000 to find the man and they searched a hostile where the suspect allegedly checked in. the words delay, depose and defend were written on the shell casings. antitrust regulators approved vodafone's merger, both companies committed to invest 11 billion pounds in infrastructure. >> the rationale is to unlock investment. 9% of u.k. population is what we do for a living to give a better service and drive growth in our markets wherever revenues come from, but most important point for vodafone use that old and markets in vodafone will be growth markets with our scale will drive growth we grew big turns. tom: 11 billion pounds, when is that star and how will you be financing it? >> a few weeks to go with the cma and partners we will complete in 2025 and start investing, big projects

getting ideas of who may be in charge of ai policy under donald trump, figures like elon musk and david sachsoncerns are censorship. what might that mean for people and is it a priority for the new administration? they have a point. there are always pros and cons. you may over regulate and stop really good technology from being developed in an attempt to protect people, that does happen. there is a tension there. i think that one thing we might see more of, given the change in the us administration is more towards open source, so sharing the code and making it a little bit easier for people to understand what is going on under the hood, people may remember that when elon musk took over twitter he immediately he tried to make the twitter code open source. i don't know how exciting that was for people and for geeks like me was fun. providing a little more transparency into what is happening with the technology and letting people external to companies play around with it and understand what is happening and test that for themselves it is probably going to be more supported but it really is anyon

trump appointed david sachs to be his white house artificial intelligence and crypto czar.achs is the former ceo of palo alto based paypal. this summer, sachs held a fundraiser for the president elect at his san francisco home. sachs has investments in major companies including meta, uber, spacex and airbnb. >> the a's are a major step closer to seeing the team's new home field in las vegas become a reality. the las vegas stadium authority has approved a 30 year lease and other paperwork that clears the way for construction. the stadium will be located on the strip and is expected to cost $1.75 billion to build, it was revealed earlier this week. the cost has risen by about $250 million because of inflation, and added player amenities. >> all right don't panic but we're less than three weeks away. let's panic. christmas is getting close to that time and postal workers are certainly going the extra mile to ensure that your gifts arrive in time for the big day. >> abc seven news reporter tara campbell went to see how all that hard work gets done. >> one package, one box, one

don't move from appointed former paypal ceo david sachs white house ai cripples are first time ever. critical roles says we need to be china and the race in every way. take advantage of it the best we can. cofounder of the center for humane technology. >> what should people know about ai? no idea what's in the sound. >> what people should know is it's moving incredibly quickly, the one technology that moves faster and the inventors think it will and second thing is we have a short period of time before ai is entitled in society so imagine social media, 2012 we could set up social media and a different way and thus the moment we are in now with ai. >> he doesn't know what's next but went on to say in contact with the government almost every day looking to highlight social media. he want to work with the government, what is your greatest concern? >> the challenges ai is moving so fast, the harms are so fast and the confusing thing is we all want the benefits, apparent was lost to cancer so we want cancer drugs and gives material in science and of the benefits but the confusing thing is

trump appointed david sachs to be his white house artificial intelligence and crypto czar.mer ceo of palo alto based paypal. this summer, sachs held a fundraiser for the president elect at his san francisco home. sachs has investments in major companies including meta, uber, spacex and airbnb. >> the a's are a major step closer to seeing the team's new home field in las vegas become a reality. the las vegas stadium authority has approved a 30 year lease and other paperwork that clears the way for construction. the stadium will be located on the strip and is expected to cost $1.75 billion to build, it was revealed earlier this week. the cost has risen by about $250 million because of inflation, and added player amenities. >> all right don't panic but we're less than three weeks away. let's panic. christmas is getting close to that time and postal workers are certainly going the extra mile to ensure that your gifts arrive in time for the big day. >> abc seven news reporter tara campbell went to see how all that hard work gets done. >> one package, one box, one letter at a tim

you have david sachs spearheading a lot of that. are looking to get from that, he has invested in a bunch of these companies, rules and regulations on what we need to do. tim: do you think it is a conflict of interest that he has invested in these companies but he will advise the president on making rules? aya: you could say that about a couple of people advising in the administration. you still need to have this get approved by congress and have it approved on a state level. you are seeing a lot of states start to jumpstart this. you are seeing states such as texas most recently this week say they want to have bitcoin as a reserve currency for the state. the u.s. has spoken about it. you are seeing a number of states say they are going to go ahead and do that. i think you will see a lot of checks and balances on the state and federal level and we are excited to see that payout. >> brian is a top contender to lead the cftc under president trump. what kind of role do you think he would play in shaping crypto policy? aya: he's been op

picks, they are really crypto mindful people that have been supported between scott person and now david sachs who will be the crypto czar, really sharp, really successful, pro crypto people in and around the administration, congress is controlled by republicans that has seen a bill that will establish a strategic reserve on bitcoin for the us government, whether that gets passed or goes forward doesn't matter. there are other countries like brazil and russia and the state of pennsylvania who are all considering reserves as our corporations around the country so this is a scarce asset, people inclusive of the biggest investors and nationstates will start to do this and have a difficult time keeping the price low and therefore demand is going to outstrip supply. julie: are more sophisticated about this but the end of trading bitcoin as if it were rodney dangerfield, it gets respect and established institutions as you said state and national governments are acquiring this, our crowd that use to pooh-pooh anything having to do with the rogue currency, embracing and building it and i am wondering

and the government has appointed david sachs to be the star czar for crypto. to eric trump, his family embraced crypto because many financial institutions and other corporations stopped doing business with them after january 6. first of all, long before january 6, donald trump had a difficult time doing business with any u.s. banks. it is how we ended up with deutsche bank as his banker and they even stopped banking with him. but after january 6, institutions stopped doing business with us, so we turned to crypto. so what does that mean? you are paying your contractors with crypto? what does it actually mean? >> i'm quite confident he is not paying contractors in crypto. he has had a huge about-face and he is interested in it because he and others are making money in it now. he recognizes that and we've seen him getting into all kinds of businesses. we will see what this world liberty thing is. noted to entrepreneur that bought that banana -- >> for $6.5 million bought a banana in duct tape and he ate the banana. >> and i think he said he would buy more. he ga

. >> madeleine: david perdue ambassador to china and david sachs as cryptoczar.worked with paypal aelon mus. trump's choice for defense secretary pete hegseth is promising to fight on after facing financial mismanagement, sexual impropriety and intoxicating behavior. >> i'm a different man that i was years ago. i know from fellow vets, they resonate with that, you fight, you go do tough things on behalf of your country and sometimes that changes you a little bit. >> madeleine: pete hegseth has been meeting with lawmakers and maintains he has president-elect trump's support. >> carley: madeleine rivera, thank you. good news, president trump acce acce accepting patriot of the year reward last night. hes live in the flesh. >> right now we're not so proud of our country, we're going to be very proud of our country again. it is going to be better than ever before, it is going to be more successful than ever before, we're going to be more respected throughout the world than ever before. >> todd: he got a big hand and we honored everyday heroes like nypd officer jonatha

david sachs other vc influencers.leading the search for the doge outside agency. you have all these people that are champions of small tech, not big tech entering the government. jonathan: the secret to american success is the embrace of success. in europe it is a weird thing where it's like, regulate that. fine that person. in america i thought that was the secret ingredient. they should have influence on the course of this country. set to rule on tiktok today after president biden signed a bipartisan bill that could ban the app nationwide starting in january. annmarie: regardless of what we hear from the court, the legal saga is likely going to continue. there will likely be an appeal. when they talk about the idea of the first amendment and free speech, i think back to what brandon carr set on this program a few month ago. he is now tapped to lead the commission as chair. it is not a content issue. it is the way the content is getting to people. he called a national security threat, and this is someone that is clos

nonetheless, it will be interesting to hear from key players like elon musk and david sachs who is thewill take the roles in reshaping the environment as well. it will be those people that are really key and influencing trump to determine exactly what happens next. >> dan murphy with the latest on crypto out of abu dhabi. see you soon. >>> still head, much more on the money movers today and the buying opportunity for this mystery stock chart. that storys mi uafr e eak.congp te have you ever thought of getting a walk-in tub for you or someone you love? now is a great time to take a look at getting a safe step walk-in tub. with safe step's standard heated seat and new fast fill faucet, you can enjoy a nice warm bath up to 20% faster! and the convenient touch pad control is right at your fingertips. each tub comes standard with a dual hydrotherapy system. the ten water jets can help, increase mobility, relieve pain, boost energy, and improve sleep. while the microsoothe advanced air therapy system oxygenates and softens skin. safe step walk-in tubs are built to maximize safety. so you can

trump named tech investor david sachs at white house and bitcoin czar., good news for drivers, gas back under $3 a gallon in 33 states. with trump coming back to oval office, are even lower prices on the horizon? gas buddy on that. one democrat giving advice for his party, stop focusing on things like identity politics and refocus on the economy and the working class. can democrats refocus? we'll take it on, next. ♪ (vo) weight loss is changing. for so long, i felt stuck on repeat. i tried, and tried again. lost weight, gained it back. but zepbound means change. zepbound is for adults with obesity, to help lose weight and keep it off. activating 2 naturally occurring hormone receptors in my body, zepbound works differently. it's changing what i believe is possible when it comes to weight loss. it's changing how much weight i lose. up to 48 pounds. and it's changing what happens. don't take if allergic to it, or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2. tell your doctor if you get a lump

the president-elect said he wants david sachs a pinterest capitalist and podcast white house to be handling push for looser regulations on ai. we heard a number of warnings from tech experts and former head of the google over the weekend and he says he believes people need to keep their minds in check when it comes to ai. because the ever more powerful and those are the possibility to hurt humans at the same time. there is a lot of celebration about concern what could come down the pipeline, sandra. >> sandra: we are watching closely, john. >> john: juan marchant rejecting president-elect trump to toss out conviction and u.s. attorneys asked for her to dropped. presidential amenity, let's bring in brett tolman former federal prosecutor and u.s. attorney for the great state of utah. here is what donald trump said on truth social. am characteristically not holding back. he said breaking illegal psychotic order, the crowd biased and acting justice juan marchant has completely disrespected supreme court historic decision on you minute you immunity but nothing but a rigged hoax. a radical partis

. >> let's not forget that david sachs is crypto czar. there's a history with big tech. the company's trajectory changed because of microsoft and how the world changed. you have some really interesting dynamics to think about. >> i think that we have to wait to see how much influence mark has. i know he said he has been in meetings. i would say elon is more influential than him. i think the main priority is, can we let big tech acquire our companies? we invest in the companies. the ipo market has been in nd out. we need an exit. it's been looked at as anti-competitive. but silicon valley vcs need to sell companies they invested in to big tech to get the return. that's the number one issue. >> we look back and we say, okay, we are surprised by the number of deals that were actually able to happen in the context of everything that we have talked about? a friendlier ftc, but all of the other personality clashes and policy issues that are there behind the curtain. >> i think we will see lots of deals that will happen. i don't know if there's a lot of surprise. i think we hav

could be a lot of reasons but i can tell you the new crypto nai czar david sachs, silicon valley friendly the direction of the new administration and new year. stuart: rubric. >> data security software company, they did report a loss but it was smaller, sales very strong, the stock is up 31%. stuart: ever seen the movie dirty white scoundrels? very unfortunate character in that. let's get -- lauren: you ask for a wine story yesterday and i gave you a beer story instead. it is up one. 5%, bank of america says it is a purchase, $70 price target, fear, sales will recover. they say the industry has now fully digested the bud light controversy. coors light is one of the top-selling brands in the country. stuart: listen to what joy read said about people who oppose transgender procedures for minors. >> after more kids have been exposed to gun violence estimated at 3 million than there are transgender americans in total. targeting trans people isn't new. it is an age-old tradition which nazi germany did with brutally violent ends, the supreme court refuses to do anything about weapons of war in

cabinet pick, kelly loffler, and the government appoints for crypto, the government just appointed david sachscrypto daddy. according to eric, his family embraced crypto because many major financial institutions and other corporations stopped doing business with them after january 6th. david, i turn to you first. first of all, long before january 6th, donald trump had a very difficult time doing business with any u.s. bank's. it's how he ended up with deutsche bank as his banker and after all the issues they had, they stopped banking with them. but even this headline, after january 6th, institution stopped doing business with us so we turned to crypto. what does that mean, you are paying your contractors in crypto? you pulled your money from chase, i mean like this is not making sense but what does it mean. >> i'm quite confident that he's not paying contractors in crypto. he's had this huge about-face. he recognizes that, we've seen in getting into all kinds of businesses and crypto is one in which he's been approached and we will see what this world liberty thing is, it'll have a token, just

he's also appointed conservative venture capitalist david sachs as his ai and crypto czar, who is expectedr regulation. congress will now read this report to consider its next steps.tates are already moving forward with ai laws of their own, governing everything from howmpacted to how intellectual property, like music, is protected on capitol hill. mark meredith, fox news.5o >> next, at 6:00, the jury returned a verdict for nima momeni. the one time associate of cashapp founder bob lee. guilty of second degree murder. >> this is ktvu, fox two news at six. >> what's happened over the last 18 months is this has been an open wound wit right? and it's been so difficult because just the scrutiny and the and this has been extremely hard for us. >> the brother of bob lee expressing relief over the jury's verdict. the defendant's mother saying she's disappointed and supports an appeal. >> i know my son and he never that. so. but this is not a fair trial.ng everyone. i'm mike mibach. he was convicted of second degree murder, meaning the jury found he intended to kill bob lee. but the crime was not

donald trump has just announced his pick of silicon valley billionaire david sachs to be the new white house crypto and a.i. czar. you are probably old enough to remember way back in january of 2021 when sachs said this of trump after the capital insurrection. "i think he's disqualified himself from being a candidate at the national level. if you want to see this mob as a gun, i trump loaded the gun. he pointed it in a certain direction." that is our show for tonight. now, it is time for "the last word" with lawrence o'donnell pretty good evening, lawrence. >> turns out, alex, you simply cannot find enough people who have always been loyal to donald trump. >> literally, all of them at one point have said, you should retire forever from national politics. >> right, it's pretty amazing. alex, i know you know there was a house ethics committee, one of those closed-door house ethics committee meetings today to consider the possibility of releasing the report on matt gaetz. glenn i.v. is a member of the house ethics committee, he is going to join our discussion in this hour. >> that's a big

also held executive roles at reebok and dollar general trump is also tapping venture capitalist david sachscryptocurrency czar and will be tasked with creating a legal frame work for the crypto industry sachs sacks was an employee alongside elon musk and hosts the "all in" podcast, and sticking with the president-elect, u.s. energy giant chevron says it will cut capital spending next year and dial back its u.s. oil operations in what appears to be in direct defiance of trump's drill, y, drill pledge this will be the first operational draw down for chevron since the pandemic oil crash. >>> and elon musk's xai has raised $6 billion in few funding valuing the ai startup at $40 billion. in may, they valued the company at just $24 billion, frank >> thank you very much. >>> moving onto this morning's top market story, and the upcoming november u.s. jobs report they expect added 214,000 compared to just 12,000 from october, though labor strikes and weather, they were largely to blame for what was the worst jobs report since december of 2020 the unemployment rate expected to tick up to 4.2%, and to

venture capitalist david sachs as the country's first ever white house ai and crypto czar. in a statement, trump said sachs will work on a legal framework so the crypto industry has the clarity it has been asking for and can thrive in the u.s. in a rare move, fbi director christopher wray plans to resign when president biden's term in office comes to an end. wray is in his seventh year of a ten year term, but with the incoming administration, he was faced with two options he could leave or wait until president elect donald trump removed him. trump had signaled his intent to replace wray with ardent supporter kash patel. wray says stepping down is the right thing for the bureau. >> my goal is to keep the focus on our mission, on the indispensable work each of you is doing every single day. and in my view, this is the best way to avoid dragging the bureau deeper into the fray while reinforcing the values and principles that are so important in how we do our work. >> wray was originally picked for the position under trump, but their relationship soured after fbi agents searche

get visas for the most highly skilled workers, and in a podcast last summer, trump himself told david sachsthe u.s. needs to recruit top talent from around the world and he reiterated his support for h-1rksb visas yesterday with the "new york post." shortly after christmas, vivek ramaswamy chimed in to agree with musk, saying that american culture is to blame for the shortage of american workers. our american culture has venerated mediocrity over excellence for way too long, ramaswamy posted on x. a culture that celebrates the prom queen over the math olympiad champ or the jock over the valedictorian will not produce the best engineers. but the call for letting in more foreign workers ran smack against the beliefs of some of trump's most hard core supporters. they take america first to mean restricting immigration of all kinds. laura loom who are traveled with trump for a while during the fall campaign blasted the call for more foreign workers and the influence of musk and other tech billionaires on trump saying, quote, allowing big tech executives into mar-a-lago is going to be the death o

donald trump has just announced his pick of silicon valley billionaire david sachs to be the new whiteold enough to remember way back in january of 2021 when sachs said this of trump after the capital insurrection. "i think he's disqualified himself from being a candidate at the national level. if you want to see this mob as a gun, i trump loaded the gun. he pointed it in a certain direction." that is our show for tonight. now, it is time for "the last word" with lawrence o'donnell pretty good evening, lawrence. >> turns out,

trump appointed david sachs to be his white house artificial intelligence and crypto czar. sachs is the former ceo of palo alto based paypal. this summer, sachs held a fundraiser for the president elect at his san francisco home. sachs has investments in major companies like meta, uber, spacex and airbnb. cryptocurrency, bitcoin surged over $100,000 for the first time this week. the record high was sparked by president elect donald trump announcing a pro crypto pick for the sec chair. paul atkins is the nominee for the securities and exchange commission, which regulates cryptocurrency. bitcoin has increased a lot over the year, with most of its increases happening in the post election season. >> in today's gma first look, ariana grande is responding to criticism about her appearance during press. her press tour for wicked. here's abc news reporter eva pilgrim. dear linda, you are just too good. >> how do you stand it? i don't think i could. >> in this morning's gma first look, wicked star ariana grande opening up about scrutiny over her appearance. >> i've been kind of doin

. >> earlier this month, trump named silicon valley entrepreneur david sachs as his artificial intelligenceocurrency czar. he also said he would nominate pro cryptocurrency washington attorney paul atkins as the new head of the securities and exchange commission. san francisco officials are asking the state for more money to get some of the most mentally ill, unhoused people off of the streets. according to the chronicle, the city is asking for $144 million to add 175 new treatment beds. 50 would be in locked psychiatric facilities to treat people with severe mental health disorders. those facilities treat people in conservatorships, which is when the city has legal authority to make decisions about their care. the money would come from a $6.4 billion mental health bond passed by voters in march. and now it's our abc seven mornings adventure. we highlight things that are happening today here in the bay area. >> first, the san jose city council will vote on expanding its emergency interim housing program. the resolution would allow the city's housing director to extend grant agreements with

. >> yeah, it is interesting, i noted that when silicon valley bank was failing, david sachs, who is a prominent trump supporter, and has been appointed to be a i czar, he was screaming for the u.s. government to come in and bail out the bank. he is also the one who thinks there's too much regulation. it turns out this happens a fair amount, banks don't want regulation on the front end but they do want bailouts on the backend. >> well, we saw so many people from silicon valley actually begging and pleading for the government to step in and help. and now, there is a very different story, when it says, just get rid of all these agencies. look, the fdic, the cfpb, they were all born out of financial crises. a great depression and the 2008 crash. we don't want another one of these and these agencies help to stop them. so, this could be a giveaway to those who want to get the benefits of government, but not adhere to just basic rules of the road. >> your girl, agency, has been in the crosshairs since the moment it first came to be, republicans have always hated it. wall street i think hat

you have peter kiel, david sachs, elon musk and this is just weird . is because they have money. the only reason they have these vast amounts of wealth is the american system. they seem dead set to change the american system. it is very odd. but our old party in america has fallen in love with these movements. they are at the core, they are based on race and they are based upon some sense of threatening national identity that people that were born in another country. that is more understandable in europe than it is here in america. the entire idea, that ronald reagan's said in his last speech and if anybody could come to america be in america. that is what is completely being challenged here by this group of south africans and by donald trump. >> ruth, from your incredible perspective and the study of how countries careen towards autocracies. >> well, the geopolitical design is of both elon musk and trumpet is pretty clear. it is to align america with far right and autocratic nations . now the transactional comes in where it is not about left and right

i think his name is david sachs, it came out and had that poll in 2017, and got absolutely hammered on twitter. absolutely hammered by the far left. how dare you say this, how dare you -- but he was right. and it was true in '17 and it was doubly true in 2024 that these white progressives on the far far left said we're going to save you, black and hispanic people of america. a lot of black and hispanic people in america say, no thanks, you're kind of wild. you're too far left. we believe in the american dream. we want to be part of the american dream. thanks but no thank it is, keep that in your college classes, rev. >> absolutely. the whole goal of the civil rights movement and the movement now is to correct the system, not to overthrow the system and to make things work equally for everyone, not to just turn everything and change everything to some undefined utopia, and these latte liberals that speak for people that they don't speak to, that want to lead people that they don't even like are running around, trying to represent things that was never part of what we were saying. all of

we have seen in the past, folks like david sachs weighing in on things with uber conservative views, and so, yeah, maybe they don't hold the title as president, but they have outside influence and again, elon musk is opening the door toward litany of wealthy folks to jump in. >> i mean, a cynical person could say that wealthy individuals have always had a pretty heavy influence in politics, but i am trying not to be cynical, it's the holidays and we will be cheerful. but, matthew, is this different is this market changed even with that bench mark from the past? >> yeah, i mean don't want to be cynical on a holiday, but i think it's very different because normally, it was rich people had influence but they sort of stayed in the background. and at least the leadership had to sort of work around that and say no it's not going on. i am here on behalf of the working class. i think this gets very difficult for donald trump. he basically got elected by working class whites around the country. that's how he got elected and now you are ceding power to a bunch of oligarchs who have no interest

everything to the industry, from crypto friendly regulators, he has got this new crypto council led by david sachs to create this strategic bitcoin reserve along the lines of a strategic petroleum reserve. it really just a 180 from the position that biden administration talked to was the crypto industry, very critical, high-scrutiny, many criminal cases from the sec. really the opposite here. that is enough to get it above the 100,000 dollar mark. what is interesting now is you have seen some weakness in the past couple of weeks. it really delineates the two driving factors for crypto. one is, all the hype around it. who is buying it? trump is promising a friendly regulator. udf got approved. michael seiler, all those crypto-a natives. but with all the news working its way to the system, and all the buying and selling that's down, there are these macroeconomists returning to the scene. higher interest rates. crypto likes tech stocks. it does elect higher interest rates. we have seen the nasdaq, off its big rally this year. carol: it has really followed the overall market trade. mike: it has a sort

interestingly, i'm looking at comments of| i�*m looking at comments of david solomon at goldman sachsfew years that the regulatory environment was a headwind to growth and investments." he is saying they�*re looking forward to a more growth the kind of playbook. that is a quote. for enever josema _ playbook. that is a quote. fr?" eneverjosema energy and infrastructure that is due, for others and being told that leverages now beginning to pick up leverages now beginning to pick up and conditions are right, liquidity is going to be moving into the big companies and you will see a big business buyers early in the trump administration in order to push these projects. fik. administration in order to push these projects-— these projects. 0k. joe brusuelas, _ these projects. 0k. joe brusuelas, thanks - these projects. 0k. joe brusuelas, thanks for l these projects. 0k. joe i brusuelas, thanks for your these projects. 0k. joe - brusuelas, thanks for your time today. see you again soon. thank you. let�*s stay in the us, artificial intelligence has become one of the hottest sectors for investmen

>> david sachs will be fulfilling that will.s calm down a little since then, but on on the back of this expectation that the trump administration is going to put somebody like david sacks in place and he will be advocating for new laws, rules, that make crypto and other kinds of similar technology and currencies like bitcoin more accessible. there has been pushback as you remember from the biden administration and the sec through the last four years and throughout the last trump administration as well where people were nervous and thought it was a speculative asset and it's still a speculative asset. there is a sense things will change and david sacks will be the person who will do that. >> lastly, trump announced his selection for the new irs commissioner, former congressman from missouri. he's an auctioneer and occasionally would do auctioneer style speaking from the house floor. i think you have more pertinent information you can pass along. >> the interesting thing is historically, the role is a 5- year-old. whoever runs the

ceo of lazard, as well as david costa him at goldman sachs. this is bloomberg. ♪ caroline: live from new york, this is "bloomberg technology." details this hour. the valuation spacex goes to new heights, reaching 300 $50 billion after an insider deal. nvidia, md, intel invest in a start up bringing light to chips. we sit down with the ceo. first, the markets. currently, we see optimism around the nasdaq 100. crypto as well. once again, above the $100,000 level. risk on across the board. we look at some of the points contributors under the hood of the nasdaq 100. interesting to see the key stocks on the move. apple, continued to have a good november and into december, we see where on the back of the report apple is looking to be creating its own ai server chips designed especially for artificial intelligence and is working with broadcom. this is in so much more in a moment. the geopolitics after that yellen interview. anna rathbun is with us. we have a risk on field. we see nvidia on the upside, apple in the green, alphabet on a tear. is this w

. >> goldman sachs of the big bank stocks and david has been very optimistic about the outlook. >> it is interesting with strange bedfellows the trump administration has been negative on the us steel deal so that will not happen. >> it is in. >> but it is interesting because me will maybe see capital one and discovered deal take place that was announced in february and it has been on i.c.e. and under review but we may actually see a little bit of movement and that combined entity could be a big competitor for the american express of the world. keep an eye on that it is for the investors. >> that deal may happen. >> there is disruption is not only credit card but i do suspect seeing a lot of action in the media industry. >> we've already started to see people line up in comcast made some moves and we all although -- -- also seen spinoffs in the space with private equity is a big player. we can see a lot of different types of activity over the next year. >> the economy is firing on all cylinders that is what the chief economist has been saying for years. 1,020% on everyone else. and he'