gary gensler spoke about his legacy. a great privilege to be in a row like this. the 33rd chair, it is a big country, a lot of people do this job. it is a privilege to be here. thank you to joe biden for asking me to do it. scarlet: watch the full interview across our bloomberg media platforms. coming up next on bloomberg markets, an update on the wildfires taking place in southern california as the most destructive windstorm to strike the los angeles area in 14 areas fans the flames. this is bloomberg. guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. scarlet: this is bloomberg markets. i'm scarlet fu. a breaking story we are following. wildfires in southern california being fanned by the most destructive windstorm to hit that area in 14 years. going live to alec stone who is in los angeles. you are in alta dena, where there is a fire raging. a couple of different areas within the l.a. area where there are separate fires. >> you are right. four separ

chair gary gensler. as we head to break, a look at yesterday's s&p 500 winners and losers. >> announcer: executive edge is sponsored by at&t business. next level moments need the next level network. at&t has a new guarantee. because most things in business are not guaranteed. like a distraction-free work environment. get those steps in, kevin your coworkers keeping things confidential. oh, she's spilling all the tea. or office etiquette. yeah, that's not guaranteed. i know you can see me. you know what at&t guarantees? connectivity you depend on, the deals you want, and the service you deserve. can i get that logo bigger? or we'll make it right. that's the at&t guarantee. you know what's brilliant? or we'll make it right. boring. think about it. boring makes vacations happen, early retirements possible, and startups start up. that's why pnc bank strives to be boring with your money. the pragmatic, calculated kind of boring. >>> good morning, everybody. welcome back to "squawk box." we are live from the n

coming up, and extrusive interview with gary gensler. you do not want to miss it.s is showcasing his mission for the future here and in las vegas as well, a future where data, and automation can provide more flex ability. i am pleased to say ed ludlow is now sitting down with the key executive. ed: nvidia talked about on the verse and customers can go in and work within it. the customer is also here and that is what is interesting about siemens. i find on the verse hard to understand. it is at the center what you have been talking about as a customer. >> nvidia is a partner of ours. we have tools that help designers and engineers visualize and work with the most comprehensive physics-based digital twin, but when you look at the drawings, they looked like engineering drawings. suddenly, engineers can connect. look at this object that looks like it will look at the real world. ed: generally, people are trying to understand -- that all sounds great. if you are a business, does it help you make more money? >> right here in our booth, we are featuring customers of ours

street top cop is considering the exchange commissions and paul atkinses is slated to replace gary genslery important agency and cftc and commodity trading commission and regularly enforcement arm, and it's really more important this time around because trump wants the cftc essentially to handle most of the crypto regulation and as you know, he's courted the crypto crowd in the campaign and offered a tighter or laxer regulatory agenda that was under gary gensler that a lot of people criticized for doing regulation by enforcement. the regulation is going to be shifting to the cftc, which generally has a lighter touch, and that appointment hasn't been made yet and we know this is according to ellie tarat sources and has a story on fox business and the trump transition team has vetted a half dozen candidates for cftc chair position in recent weeks and it's coming down the line. we'll hear something pretty soon. those candidates include an degree san, head of -- andressen and merri bowl sen jerkins on the short h short list and kraken is in exchange and crypto exchange and it's former and form

was a top issue for voters in these various states. >> gary gensler, thank you so much for your time tonight. thank you. really appreciate you. and thank you so much for joining us. we'll see you back here tomorrow night. cnn news night with abby phillip is up next. >> tonight, as liberal leaders face backlash over the fires, will their handling of the crisis convert some democratic voters? >> you're going to see a lot of angry campers. >> plus, president biden sells his legacy on

was a top issue for voters in these various states. >> gary gensler, thank you so much for your time tonight. thank you. i really appreciate you. thank you so much for joining us. we'll see you back here tomorrow night. cnn news night with abby phillip is up next. >> tonight, as liberal leaders face backlash over the fires, will their handling of the crisis convert some democratic voters? >> you're going to see a lot of angry campers. >> plus, president biden sells his legacy on the global front. but is his successors bombast selling a hostage deal also fawning over fetterman? why is the pennsylvania senator suddenly maga's favorite democrat and call my name in his leather? >> seats? >> her voice has touched some of america's favorite traditions idol football, the opry, and now carrie underwood is about to step onto the stage of a political. pastime. >> i, donald john trump, live at the table. >> scott jennings, ashley allison, john avalon, and arthur aidala americans with different perspectives aren't talking to each other, but here they do.

gary gensler stepping down in a few days, trump selecting republican lawyer paul atkins to replace himow there's a lot of optimism around paul atkins, shutting down agencies, consolidating agencies, cutting regulation which is going to be night and day for corporate america but what's your reaction in terms of the musk suit? >> look, it's another example of joe biden weaponizing, plight politicizing the federal government to go after his enemies and gary gensler, remember was the former cfo of hillary clinton's failed 2016 campaign, progressive democrat through and through, just obliging joe biden and it's another attack on elon musk who they regard as a turncoat because he embraced donald trump. so elon musk's lawyer calls this a sham and no doubt when paul atkins comes in, he'll discard it as a worthless attempt but what it will do is just provide more fodder for resistance media to attack donald trump and create a new scandal. maria: so compare the treatment of elon musk to that of mark zuckerberg, miranda, how do you compare these two? >> well, joe biden obviously has declared a co

liz: well, i guess the sort of ghost in the machine had been gary gensler, the current -- at least he'sauguration -- securities and exchange chief. what the do you hope to see from the new sec? just all regulation cut out there? doesn't that then put into peril the from if file of crypto trading? -- the profile? >> we actually at robinhood welcome regulation are. we think if there's a clear framework that we can work with, we'll be able to build a product that our customers want and at the same time protect customers because without any regulation, we have seen a lot of issues in the crypto space in the past, and we want to prevent that. so we are, you know, really excited to work with the regulator in the future and help them draft bills that can help us build the right product. liz: it was ftx, the brokerage run by sam bankman-fried, that that really hurt the price of crypto which i believe a couple of years ago had climbed to above $60,000, and pit just crashed. >> that's right. and that's something where the right framework would have prevented, you know, what was happening around t

and software and automakers, we have an interview with jensen long and tomorrow we speak with gary gensleris the opening trade, they are coming up. this is bloomberg. ♪ kriti: we are one hour away from the opening

this is coming down to the final days of gary gensler sec era before he steps down but young see hereok, many corners of the biden administration have come after elon musk and his companies. from justice department suing spacex for hiring practices to national highway traffic safety administration probing tesla to them looking into neurolink and how it treats animals. this story is about social media. thee years ago elon musk went into twitter headquarters remember with the kitchen sink and changed the game. stuart: he did. lauren: they're still mad about it. stuart: thanks, lauren. coming up, elon musk reportedly secured office space at the white house. how much access will he continue to have with trump? we'll have that story for you. house republicans unveiled a bill that would allow trump to negotiate the purchase of greenland. the people that live there have mixed feelings about that. >> i like a lot about trump and their opinion about trump. >> i hate it, and basically i don't know what his aiming at. stuart: our next guest says acquiring greenland is essential to the national s

chair gary gensler led a crackdown on cryptocurrencies. why you're seeing bitcoin up. scott?right. kristina, thank you. >>> still ahead, wells fargo and citi moving higher following the fed's top bank regulator resigning. what that move might mean for the rest of that space coming up. back to "the bell" after the break. carl: believe me, when it comes to investing, you'll love carl's way. take a left here please. driver: but there's a... carl's way is the best way. client: is it? at schwab, how i choose to invest is up to me. driver: exactly! i can invest and trade on my own... client: yes, and let them manage some investments for me too. let's move on, shall we? no can do. client: i'll get out here. where are you going?? schwab. schwab! schwab. a modern approach to wealth management. >>> we are back. showing you shares of fub owe-tv surging on news of a deal with disney's hulu+ live tv. look at that stock. unbelievable. for more on that story, don't miss a first on cnbc interview with the ceo of fub owe-tv coming up in "overtime" a short time from now. up b up next, what's b

. >> gary gensler, thank you so much for your time tonight. thank you. really appreciate you. and thank you so much for joining us. we'll see you back here tomorrow night. cnn news night with abby phillip is up next. >> tonight, as liberal leaders face backlash over the fires, will their handling of the crisis convert some democratic voters? >> you're going to see a lot of angry campers. >> plus, president biden sells his legacy on the global front. but is his successors bombast selling a hostage deal? also fawning over fetterman? why is the pennsylvania senator suddenly maga's favorite democrat and. carve my name and who leather? >> seats? >> her voice has touched some of america's favorite traditions. idol football, the opry, and now carrie underwood is about to step onto the stage of a political. pastime. >> i, donald john trump, live at the table. >> scott jennings, ashley allison, john avalon, and arthur aidala americans with different perspectives aren't talking to each other, but here they do. good evening. i'm abby phillip in new york. the backlash against california's

the other ones, gary gensler, s.e.c.ir, was against the others because many of them are, let's just say, ill advised to buy. >> like farc coin. jim, what's on "mad" tonight? >> are you in your heavy drink phase by 6:00? >> that is the wrong idea. you asked me about brands. >> i know you don't. i know you are a club soda. you are a fresca person. you and my wife are drinking fresca. okay. i have 25 questions for 2025 that i will answer tonight. i was thrilled to work with you today. very exciting. >> fun. counting down. shakespeare references and all. >> who says we're bigger than u.s. steel? >> nippon. >> hyman roth in "godfather." we have companies with that many people. jensen huang monday night. radical. >> jim, thank you. see you later on. coming up, exclusive with the ceo of turo. the car rental service that was used for the deadly truck attack and cybertruck attack in vegas. another hour of squawk on the street" coming up. (♪♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we'

protection in orderly markets and not a political agenda that soon-to-be former terror -- chairman gary gensler blockchain and digital currencies and digital assets to advance their business mission and make sure the u.s. is a leader in this new web 3 technology. annmarie: michael barr stepping down, you welcomed that. the wall street journal talked about maybe a replacement for michael bar is governor bowman. would you welcome that? rep. hill: mickey bowman has done an outstanding job as a governor on the federal reserve. she comes to the federal reserve with practical experience both as a bank commissioner and a family connected to community banking business in the heartland. she's been a great voice for common sense and tailoring regulation. i think she will be a good one. jonathan: we are seeing big shifts in corporate america. we would love your thoughts on what we just heard from meta. it only broke about 15 minutes ago. this came from meta. starting in the united states, they will be ending their third-party fact checking program and moved to a community notes model. we are seeing some b