that is something i'm concerned about as is jay clayton. jay clayton, head of the s.e.c. >> i know.y who is going to sell. >> who >> rupert murdoch looks like he's going to sell >> and not to comcast. >> no. parent company network is not a buyer. disney is. we told you on november 6th when we were first reporting on the talks between the two. they're on a glide path for a deal announced thursday. >> thursday? >> thursday. thursday >> thursday? >> yeah. >> go days from now? >> correct you have a very good grasp of a week. >> i stay focused. >> yes, you do thursday of course, as we always caution things can go awry in the last moments here you never know you are dealing with the murdochs in particular but speaking to people familiar with the situation on all sides, on both sides it does appear they are focused on a thursday announcement disney will also be opening "star wars" here in the u.s. later on thursday. >> right. >> so it could be a busy day for disney. >> disney goes to 112 instantly on this thing. sports network was part of the -- you know what, there's fox. >> there is. the

jay clayton says be careful. in a statement on the agency's website, he cautioned investors to be wary of frau and market manipulation in the cryptocurrency markets. bitcoin hit it another record high today. >>> facebook will change the way it pays taxes on it's not international operations. that's where we begin tonight's market focus. the social media company said next year it will start paying taxes in the country where the profits are made. the company currently funnels sales through its subsidiary in ireland, a country that has an attractive corporate income tax rate. facebook is making the move at a time when policymakers are urging tech companies to be more transparent about where they pay corporate taxes. shares finished down 1% at $176.96. >>> pepsi has reportedly placed a large order for tesla's new electric semi trucks. reuters says the beverage giant has reserved a hundred of the new vehicles, making at it largest known order to date. the move is intended to cut fuel costs and reduce fleet emissions.

he's jay clayton. he runs the scc.g quote there are tails of fortunes to be made and dreams to be made. we're hearing the familiar reframe. this time is different. now is an opportunity too good to be true. please exercise extreme caution and be aware of the risk that your investment may be lost. with me now is economist and author of the capitalist code benstein. you know, ben, it's great to see you. we love having you go on in these stories. you know, i was talking to a derivatives expert who wrote columns for the economist magazine tried to back out of a bitcoin trade. said she couldn't. the infrastructure wasn't there to handle the trade. are you worried about the infrastructure is not there to deal with these bitcoin trades? >> i'm worried about every single thing having to do with bitcoin. i just don't see what it is. it's like what my aunt said about the city of oakland. what you get there, there's nothing. there's no, there there. nobody knows what bitcoin is. it's a cryptocurrency. what does that mean? that's

chairman jay clayton put out a cryptocurrency warning saying if an opportunity seems too good to be trueercise extreme caution. not every day you get something like that from the head of the ftc. where's your thinking on bitcoin prior to this run-up and now that it has gone so much higher? >> i think bitcoin is basically an inverse mistrust index, and that is as we lose faith in institutions, it goes up a prediction, if roy moore wins the election today, bitcoin goes uptomorrow it's young people saying they have no faith in our institutions >> or is it kim jong-un making good and getting around all skien kinds of international chaos >> chaos is good for bitcoin economics fail throughout history, so if you don't believe in the federal reserve, buy bitcoin. it's sort of a mistruster, to your point, john, chaos process. >> what about the concern that some have that these are nonsophisticated investors that are really driving this action, maybe even particularly in asia. is that concerning >> versus the sophisticated investors driving the nasdaq >> sure. >> look, it's easy to say this is a w