eamon javers is standing by with the headlines. eamon. >> reporter: good morning, frank. this is an extraordinarily wide ranging executive order from the white house today. it is directing just about every federal agency to regulate and shape the growth of a.i. in the effort to protect the public and economy and national security. president biden's power is limited here to the executive branch remember with congress unable or unlikely to produce any new laws until next year, if at all, this is likely to be the most aggressive piece of american regulation over the fast-growing industry for some time among the safety measures the white house is announcing, biden will require developers of the a.i. systems to share safety test results with the u.s. government, u.s. standards will set standards for extensive red-team testing before release of projects the department of commerce will deliver guidance for content and authentication and watermarking for a.i. content and prevent cyber attacks. the administration will use a.i. tools to find and mfix vulnerables. there is an order

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ema eamon javers. >>> the markets, it's clearly about energy, highs for the day, as well as for gold, up more than $20. you have the vix still above $18. stocks flirting with their lows of the session. s&p below 4290. >>> oakmark releasing its most recent buys and sells for q3. we'll take a look at the six names it's adding to its portfolio including health care, energy and one legacy tech stock. stay with us. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? it's true. plus, when you buy your first line of mobile, you get a second line free. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible. it's happening. the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introduci

eamon javers with the update. what this means for the markets, jpmorgan asset management's global market strategist meera pandit. welcome back. geopolitical risk introduced in a new way or at least a new risk for investors to consider. i just recall two weeks ago, jamie dimon was talking about geopolitical risk as being maybe the biggest risk for markets. how should we think about it going forward? >> we think about the conflict that is unfolding overseas. of course we cannot underscore how vast the implications are from a humanitarian perspective and from a political perspective. of course it will send jitders thr through markets. but typically the impact in the longer run from geopolitical events tends to be somewhat contained. of course that was the case last year with the russia/ukraine conflict, so let's dissect that a little bit, major commodity exporters and a big shock to energy supply and food supply at a time when the world was vulnerable to an inflation shock. what we're watching now seeing this conflic

they're both cnbc contradibutor, and eamon javers is going to give us the latest from d.c.der say? >> well, tyler, it's kind of a kitchen sink executive order from the biden administration today. they're addressing a whole host of things and bringing in all sorts of elements of national power here, so to speak. they're using the defense production act here in order to compel companies that are engaging in large scale ai to share with them their safety testing results. that is they'll have to come to the u.s. government and tell them how these things are testing. they're also going to invoke some standards and rule making procedures they're also concerned about things like discrimination in ai and trying to make sure that there are federal guidelines around making sure discrimination is not built into ai accidentally, so to speak it's a whole range of things here and at the same time, trying not to sort of squash innovation, and the development of this new technology even as they're trying to channel some of the safety and negative consequences of it. >> all right, what do y

eamon javers in virginia at the company's hq2 with the ceo of cws. >> we are at amazon's brand-new hq2 facility. this building just opened in may. it is gorgeous. i'm here with adam selipsky, the ceo of aws. thank you for having us. >> thank you for coming. exciting to be here at hq2. >> you don't get a chance to get to d.c. all that often, i guess, but this is a fantastic facility. >> i do come through pretty frequently. we have so much activity here in this whole area, in d.c., in virginia, and, of course, maryland. lots of employees, lots of data centers, lots of activity. >> i wanted to talk to you because i had the opportunity a couple weeks ago to talk to elon musk about the future of a.i. this is a subject that's on everyone's mind. what is a.i. going to do to my industry in particular, whatever industry you happen to be in. you guys are in the a.i. business in a very big way. i noted you just did a huge deal, $4 billion ininvestment in anthropic last month. there's an ongoing revolution happening behind the scenes that a lot of us on the outside can't see. i wanted to get your

to eamon javers now we'll get more on what he's hearing from the intelligence community.g, david. that's right. we're here in sea island, georgia, for the cipher brief intelligence conference. i spoke with a cia officer with extensive information in the area, who said the information war over the next 24 hours will be key. he expects hamas to try to bait the israelis into large-scale strikes in gaza that cause civilian casualties that hamas can publicize on social media and says the saudis will be watching that information war carefully to see if they can still proceed with their talks on that normalization deal with israel, which at this moment at least, is seen as something that is still possible. i also spoke with a former cia officer norman rule, who ran the agency's intelligence on iran until as recently as 2017. he said gaza presents enormous military challenges. >> a land attack by israel into gaza will be an extraordinarily difficult operation. there are no military targets. in essence, there are no uniforms for israel to target. we're looking at a very dense civi

keep us posted eamon javers with another a.i.ogramming note before we go, we've got an exclusive interview tomorrow with the executive chairman of shein, donald tang and vice chairman marcelo claure, the first interview on tv since he took over that second in demand. a lot to talk about. >> such as >> the company is growing very quickly. they're taking a lot of shares, especially in the u.s. they face all sorts of criticisms that most of the factory production is in china, even if they say they're not necessarily a chinese company. they're making deals, too. they signed a big licensing deal with forever 21, buying licensing from a british company. so, they're continuing to expand globally. >> got it. >>> we've got the broader market is up but giving up some gains they've seen so far tdiinrang a lot more on "squawk on the street." how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's

eamon javers has the story. >> immy, how do you feel after this?ike the judge was fair today? why did you steal the money, jimmy? ♪ >> reporter: a spectacular crime. >> this is going to be a huge case and there's a lot more money that we don't know about. >> reporter: in a small town. >> shocked. i was shocked. i was so surprised. >> reporter: a 28-year-old secret bitcoin billionaire. his private jets, wild parties and dark secret. >> just surreal feeling and jimmy there were no limits. >> reporter: this is the story of one of the biggest crypto heists of all time. >> he's living this party monster lifestyle, and with no visible means of support. >> right. >> reporter: with clues dating back to the earliest days of bitcoin itself. in a story that reveals a dark truth about the hackers and coders who created crypto currency in the first place. huge amount of bitcoin is leaking out of the system and you have no idea where it's going. >> it's a huge question. >> reporter: and the man who could have gotten away with it, except for one phone call that l

i'm eamon javers in for brian sullivan tonight. to commit these crimes. the sam bankman-fried calls testimony. hive at the courthouse for that. stocks are rallying and one of the top investors is ducking for cover. >>> getting its house in order, getting ready for the search for the next speaker. and ipo pricing and shoe let's looking for that story. >>> how one city's real estate

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eamon javers is joining us now with more. they got up then you had to get up, eamon. >> reporter: no way around it, joe. good morning this is a wide ranging executive order directing just about every federal agency to regulate and shape the growth of a.i. in an effort to protect the public and economy and national security. president biden's power is limited here to the executive branch with the executive order, but with congress unlikely to produce new laws around this until next year, if at all, this is likely to be the most aggressive piece of american legislation over the industry for some time to come. an moppmong the safety measures systems to share the safety test results with the u.s. government national institute of standards will set rigorous standards for red-team testing before release of any product agencies doing bio-tech products will have strong stan doppler radar -- standards for screening. they will develop guidance and content authentication and watermarking for a.i. content and prevent a.i. leaks it will us

eamon javers. >>> when we come back, big clouds for solar stocks. that sector under pressure this morning. we will have the names to watch and we see weight loss drugs in kids' near future. we will talk about that next. >> announcer: this cnbc program is sponsored by truist securities. experience, expertise, excuse. (all) ♪ toooo youuuuu! ♪ (sean) i wish for the amazing new iphone 15 pro! (jason) sean! do you mean this one - the one with titanium? it's so light. don't touch it. maybe stealing wishes from the birthday boy is not your best plan -- switch to verizon and get iphone 15 pro on them. (sean) what!? (jason) yup, and on an amazing network (sean) and i don't have to ruin anymore birthday parties! (jason) yeah, that ship has sailed... let's go get you the iphone. here we go, come on hon. (vo) get iphone15 pro, apple tv 4k and 6 months of apple one. all three on us. only on verizon. 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

eamon ja javers has the story. >> reporter: jimmy, how do you feel? why did you steal the money, jimmy? >> a spectacular crime. >> there's a lot more money we don't know about. >> in a small town. >> shocked. i was shocked. >> reporter: why? >> i was so surprised. >> a 28-year-old secret bitcoin billionaire. his private jets, wild parties and dark secret. >> it was just a real feeling. with jimmy, there were no limits. >> this is the story of one of the biggest crypto heists of all time. >> he's living this party lifestyle with no visible means of support. >> right. >> with clues dating back to the earliest days of bitcoin itself. in a story that reveals a dark truth about the hackers and coders who created cryptocurrency in the first place. >> huge amount of bitcoin is leaking out of the system and you have no idea where it's going. >> it's a huge question. >> and the man who could have gotten away with it, except for one phone call that led to an abrupt end to a nearly decade long manhunt. >> clark county 911. what is your name, sir? >> it's jimmy z

eamon javers is here and he has been talking about the security issues and where this is heading.ia. this conference is scheduled for this weekend which has the top current and former law enforcement experts. william burns was expected to peek speak, but had to cancel after the violence over the weekend. there is a grim sense of those i talked to on background that the situation in israel will get worse in the short term and u.s. forces could very well be drawn into a hostage rescue operation in gaza. i spoke with norman ruhl. he said u.s. assets will shor surely be called upon here. >> we will see the investigations, special forces and intelligence community provide support to the israelis for joint operations to free hostages. this is a massive operation that involves more than 100 different hostages. perhaps 150 in multiple locations. this will exceed israel's natural capacity. they will need foreign assistance to rescue these poor individuals. >> he also spoke to the likely role of iran here saying that that country trains its proxies like hamas and lets it conduct its operati

eamon javers has this story. >> jimmy, how do you feel after today?a spectacular crime. >> this is going to be a huge case and there's a lot more money that we don't know about. >> in a small town. >> shocked. i was shocked. i was so surprised. >> why? >> a 28-year-old secret bitcoin billionaire, his private jets, wild parties, and dark secret. >> it was just a surreal feeling. and with jimmy, there were no limits. >> this is the story of one of the biggest crypto heists of all time. >> he's living this party monster lifestyle and with no visible means of support. >> right. >> with clues dating back to the earliest days of bitcoin itself, in a story that reveals a dark truth about the hackers and coders who created cryptocurrency in the first place. >> a huge amount of bitcoin is leaking out of the system and you have no idea where it's going. >> it's a huge question. >> and the man who could have gotten away with it, except for one phone call that led to an abrupt end to a nearly decade-long manhunt. >> clark county 911. what is your name, sir? >> it

eamon javers has more on that. what is going on? >> reporter: good morning, andrew. the s.e.c. filed the action with the federal the court seeking to force the subpoena against who musk who failed to show up. two days before the session, they say musk notified the s.e.c. he would not appear. this is part of the s.e.c. investigation into the musk acquisition of twitter which he renamed x and whether he violated securities laws in that deal. the s.e.c. says musk attempted to justify his refusal to comply with the subpoena by raising for the first time several objections, including objection to san francisco as the appropriate testimony location. they say they offered to conduct the meeting in fort worth, texas or other commission office on alternate dates. the s.e.c. was met with a blanket refusal to appear. he objected to san francisco because he doesn't live there and rejected to the meeting because he sat with two sessions with the s.e.c. this is part of the effort to har harass him. the commission received thousands of pages of new information and they need to talk to him abo