todd horowitz, thank you so much. all right, you guys, that's it.24. the marks are closing -- markets are close closing. happy new year to everyone. we're it willing bit to the -- little bit to the downside, but for the year, it's been wonderful. that's it fo

tim: eliot horowitz joining us here in new york.ing up, crypto and the upcoming trump administration. this is bloomberg. ♪ ♪ tim: welcome back to "bloomberg technology." i am tim stenovec. let's look at bloomberg markets, shares are up right now, close to 20%. $215 is where it is trading at. a little earlier into the session, surging today to a $1 trillion market cap for the first time ever after predicting a boom in demand for its ai chip . sales of ai are going to gain 65%, far faster than the semi conductor growth of 10%. the addressable market for ai components that it decides for data centers, those hyper scales will reach as high as $90 billion by fiscal 2027. let's take a look at what shares of tesla are not just doing today, which it is at a record, but over the last couple of months. it has almost doubled in value since the election. today's news is that the trump administration transition team could scrap an order that requires farm agents to report crashes involving self-driving systems. that came a little earlier in the

lee, appreciate it today. >> lee horowitz. coming up.are higher after theyef received fed ramped authorization. it applies to their full suite of products and allowing palantir up 6% and have quadrupled this year they lead the list of companies that would be added to the nasdaq 100 and palantir is trading over $70 a share and it is leading th s&p today and leading this year with that 311% gain. we're back after this. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part

now, doj inspector general michael horowitz is stressing in the report that none of the sources wereents. that means nothing. they were still paid by the fbi at least some of them. he's also insisting they were not authorized or directed by the bureau to, quote, break the law or encourage others to commit illegal acts. joining me now is missouri senator eric schmitt. he's a member of the joint economic sm committee. it's good to see you. let me get this straight. 26 human confidential source that's the fbi knows of were in the crowds on january 6th and michael horowitz is telling us that they were not directed to break the law. what were they doing there, senator? >> that is a great question, maria. it wasn't that long ago this was a conspiracy theory and so i think there's a lot of questions that need to be answered now about what role they played because there have been people whose lives have been wrecked by this. the fbi steadfastly denied any of it and now we find out that what people thought was true is actually true so i think we need to understand what happened here. i cannot

horowitz put out recently in the inspector general report, did she know this already? why was she up there calling into question the sanity of anyone if even raising the question? as far as these preemptive pardons go, it really is interesting how many people were put on this list. it makes me wonder whether that's actually going to happen or whether this is sheer speculation. but if it's not speculation, who else is on the list? i would really like to know that. maria: well, did she destroy evidence around the january 6th happening? >> what i do know is that after the democrats lost the majority when the new majority came in and they started looking for documents, there was a bunch of stuff missing. as far as who may have destroyed what, i don't know. but this does make me wonder what role she might have had in it as well as other members of the committee. maria: all right. let me move on to the agenda, senator, because i know that there is a debate right now in terms of how to put everything forth. you are planning a reconciliation bill in the first 100 days, is that

inspector general michael horowitz revealing for the first time the number of confidential human sourcesround and eventually inside the capitol building. the report makes clear there were no undercover fbi agents present on scene; however, 26 confidential human sources or government informants were in the crowd. only three of them were asked by the fbi to be there. 23 others came on their own. confidential human sources are not undercover agents. they are paid informants who already belonged to groups under law enforcement scrutiny like the proud boys and oath keepers. out of the three, asked to be there by the bureau, one entered the capitol and two others entered a restricted area, the report says. none of these fbi sources were authorized to enter the capitol or a restricted area or to otherwise break the law on january 6th. outgoing fbi director christopher wray has repeatedly said any suggestions the fbi instigated the violence that day are, quote: ludicrous. >> you saying no? >> no. not violence orchestrated by fbi sources or agents. >> fbi critics, including allies of president-el

." >> sandra: breaking just now, doj inspector general michael horowitz releasing a brand-new report detailing the fbi's handling of the events leading up to end on january 6th. and that's where we are at the top of the new our. i'm sandra smith in new york. john, great to be with you. >> john: pygmy piece of news to kick up the show. john roberts in washington. there were a total 26 confidential human sources in the crowd that day. >> sandra: david spunt is live from the justice department and has the news for us. david? >> sandra, three of those were authorized and tasked by the fbi to be there on january 6th, 2021. we are coming up on four years since that day of the capitol riots. this ig report specifically focuses on the fbi's handling of confidential human sources, or as we know them, fbi informants. for years, the outgoing fbi director chris wray has been pressed on reports of undercover agents. according to this new report, there were no undercover fbi agents. however, there were three confidential human sources tasked by the bureau to be in the crowd on january 6th to speci

your stories about your your great work before tonight, but i just want to say, you know, captain horowitz, i think said it best, but we're really proud of the work that you do. and i see all your partners and your sergeant here to support you, which also means a lot. and, you know, nobody does this alone, but your individual efforts have made you shine. so it's very deserving. and we're really proud to have you as a member of our department, doing the work that you do, because it matters and you matter. so thank you so muc. yes, i'm going to echo that. thank you. first, we are happy that you are here a native. we won't give you pop quiz of asking what school you went to. we'll save that. okay. well then you're even even better in my book and we are happy you know that you are here. you're providing. but i think what speaks volumes is the collegiality and the fact that your coworkers are here to celebrate this accomplishment for you. so, you know, i want to congratulate you. thank you for your service and for your description of the amazing work that she's done. so thank you, commissioner

about my history and strong support of working with the inspector general. >> to inspector general horowitz was someone i went to when i thought there was a problem with the misuse of intelligence authorities and very much appreciated his approach and work and some of the concerns i raised presented, were present in his findings in his report. with respect to inspector general attkisson and the situation you described, i don't have enough information to answer your question. if i can explain why. i will tell you my dealings with inspector general attkisson, i have no issues. i think he did what he thought was right. i think he did think he was following the law. the flip side to that is that the legal opinion within the odni from the general counsel and from the department of justice office of legal counsel, my reading of it is that their determination was he may have exceeded his authority because the investigation involves issues that were not intelligence activities for intelligence community employees. employees. that's a legal question that i don't know the answer to. again, i very muc

todd horowitz, thank you so much. all right, you guys, that's it. that's the very last show of 2024. the marks are closing -- markets are close closing. happy new year to everyone. we're it willing bit to the -- little bit to the downside, but for the year, it's been wonderful. that's it for hello folks then welcome to a special edition of. i am david as been here for larry kudlow. just 24 days until president trump takes office. there are a lot of things that need to get done on day one. extending the tax cuts. amid all of this, there is a crucial house speaker boat on friday. president trump's endorsement of mike johnson enough to get them over the finish line? we will be asking house members and just a couple of moments. first, our own grady trumbull is live from d.c. with the very latest. >> those tax cuts ushered in during his first term going to expire exactly one year from today. that is setting up a huge battle on capitol hill in the new year. house ways and means chair trying to get ahead of that fight by explaining the impact letting the t

." >> sandra: breaking just now, doj inspector general michael horowitz releasing a brand-new report

andreessen horowitz, sequoia capital, power and equity, the continuous or regular investors in elon'sot just x ai but x formerly twitter, spacex, tesla. the same names every time. we don't know who exactly is in the latest round but you can bet it is most likely the same names we see regularly with him. caroline: what does x ai mean to the rest of the businesses? at some point there was concern that some spending heading towards tesla was being pinched towards x ai. but then there is perhaps how much ai will help tesla's business model and how much it will continue to innovate on grok for example. >> it is the thorny world where elon operates for all of his business is borrowing resources from one company to help with another company. he talks about all of the posts showing up on x. he talks about using x ai with tesla may be investing in x ai via tesla. so his universe, everything blurs together. we are seeing this as the ai layer for a bunch of his companies and the funding they get from investors especially those invested in other businesses you will continue to see the connection

michael horowitz just released u bombshell report on the fbi's role january 6.of so we now know theretota col of 26 "confidential hn sources inbu the crowd. but the fbi says only three of those confidential sources were told to attend to "report on domestic terrorism subjects whoe were possibly attending thed event. mount four of those sources entered the capital and 13 wente into a restricted area around the capital, but of course, none of them arfbi e prosecuted. the report also found the fbi i failedts to take the basic stepf the campus seen its field offic for intel ahead of january 6 and then concludes the fbi did not take all the steps that could tohave been taken to develop ag complete picture of the january 6 threat potential.ho joining meus now ohio congressmn jim jordan chair of the house judiciary committee. t when you read the presons accous tonight on this revelation and this ig report, they claim that this vindicates the fbi.th that there were no agents there. how should we look at this? >> no, it validates what we alls suspected that congressman hagemann was asking, the

whats is your reaction by michael horowitz? >> in some ways it raises more questions than answers.der cover agents in the crowd. for others, there is going to be a lot of concern as to what the sources were doing there. only three of them were told to be there. the question is, really the other people. we have had cases in the past where the defense has argued that sources and agents have been extremely active in pushing people towards criminal conduct. we saw those allegations raised in the michigan case involving the governor there. i think that some defense attorneys may raise the question is why they weren't told if they weren't told, about the confidential sources that might have been involved with their own cases because usually defense counsel says we want to know what asset, what personal the government had there. so there is going to be questions of that kind, that are arising. the treatment of the sources are also going to be a subject of continued debate. this is the department that had someone announce they were going to do a shock and awe. they were going to go after e

>> michael horowitz is his name. >> jon: that is a rhetorical question. >> [laughs] >> jon: what is thethink of the inspector general looks at fraud and abuse and misconduct within the department of justice. >> jon: i see. like an inspector. general. >> yes, hence the name. yeah. >> jon: is it hard talking to people like me? >> [laughs] at times. >> jon: and so in your mind, are there enough fail-safes, if this is the worst-case scenario is going to come to pass, do you believe that system is robust enough to withstand that type of thing? >> i think it has to be. we don't have a choice. it is going to have to be robust enough. and look, i am hopeful that even though the president has identified forgo people who were members of his criminal defense team or impeachment team to be in the top four slots at the department. that is not a great sign, coming from a guy -- >> jon: don't they normally pick lawyers they worked with are people that they know? >> they pick people they know but not usually their criminal defense lawyers. we have not had that many presidents who needed criminal defens

now, this affects, as the report says, by inspector general horowitz, the constitutional authorities and the individual constitutional rights of the individuals that were impacted. now, even though the attorney general now says that they're going to put into place some protections for these processes, the department of justice, it's clearly insufficient. the we need to pass statutes that can require a court review and authorization. actually, in this process that the department of justice went to access these records, the courts didn't even know that the department of justice was accessing emails and phone records of members of congress and their staff merely because they had access to classified information. this is a grave constitutional violation. >> and as evan just noted, it appears from this report that the attorney general at the time, jeff sessions, didn't know about this donald trump, he was president. but as we know, you have to remember also, pamela, we also have to remember jeff sessions was recused from many of the crossfire hurricane and russia hoax investigations that

uh, you know, the inspector general horowitz, who was very, very clear about some of the abuse that some of these agents did, not just on republicans, but on, you know, american people broadly. and i think it's okay to say, hey, look, we know some of these individuals took these types of actions. we should try to hold them accountable. i think that's what kash is trying to do. i mean, again, it's not an enemies list. it's not like, hey, these guys hurt my feelings or these guys disagreed with my politics. i think he views it as these guys abused their power. and once again, you can't give the fbi the kind of power they have and then just kind of say, hey, go do what you want. we trust you. we're never going to hold accountability. there should be accountability. that accountability has to come from congress. and that's been a very, very frustrating thing to do over the last several years because there hasn't been the accountability that's, i think, just essential to maintain that trust with the fbi. >> former congressman chris stewart, thank you so much for joining us. appreciate it. tha

we're seeing a lot of guys obviously from horowitz and silicon valley going into this administrationthinking back to the financial crisis, even the last 30 years, where a number of very prominent partners, alumni of goldman sachs, made their way into government. it as sort of a tried and true thing. you know, goldman sachs -- not demonstrating their civic mindedness, but they took great pride that people would work at the firm and go off and do things in government. it worked and was, i think, a great benefit to, frankly, taxpayers and the government. however, the financial crisis happened. hank paulson was the treasury secretary. all of a sudden, it was known as government sacks, a meme. government sacks everywhere. there was a backlash, not just against the individuals who were involved in government, but on the firm itself. there were all of these claims of conflicts and things. i was very curious what you think that portends for this whole situation. which is to say, it's great if it all works, and we hope it all works, but if it doesn't work, does it actually put the businesses

i'm thinking of sri who was announced in the past 24 hours, also a jason horowitz guy. the valley is going crazy. happily. they are going on twitter and cheering what is happening here. interestingly, across political aisles. >> that is interesting. i saw kind of a spat on twitter. i guess people disparaging about mark burnett. he joined the armed services when he was 17 years old. he has a before before becoming one of the most successful, i guess, tv producers. business people in the u.s. close associate of, obviously, from "the apprentice" and everything else to the president-elect. who, by the way, spoke yesterday at the conservative conference in phoenix. i think he did dance and the golf swing as well. he praised elon musk and chuckled he was called president musk online and said it wasn't going to happen because he wasn't born in this country. he also said that he would ban dei programs at public institutions and private companies. we'll talk more about that in the 8:00 hour with activist robby starbuck who led campaigns against dei initiatives at multiple compan

your stories about your your great work before tonight, but i just want to say, you know, captain horowitz, i think said it best, but we're really proud of the work that you do. and i see all your partners and your sergeant here to support you, which also means a lot. and, you know, nobody does this alone, but your individual efforts have made you shine. so it's very deserving. and we're really proud to have you as a member of our department, doing the work that you do, because it matters and you matter. so thank you so muc. yes, i'm going to echo that. thank you. first, we are happy that you are here a native. we won't give you pop quiz of asking what school you went to. we'll save that. okay. well then you're even even better in my book and we are happy you know that you are here. you're providing. but i think what speaks volumes is the collegiality and the fact that your coworkers are here to celebrate this accomplishment for you. so, you know, i want to congratulate you. thank you for your service and for your description of the amazing work that she's done. so thank you, commissioner