. >> commissioner paulson. >> here. >> commissioner harrington. >> here. >> commissioner ajami will join us while we are in progress. we have a quorum. >> due to covid-19 health emergency and given the public health recommendation issued by the san francisco department of public health and governor newsom and mayor breed looked at restriction on teleconference this is held via telecomvens and televised by sfgovtv. there is a brief time lag between the live meeting and what is viewed on sfgovtv. i would like to extend thanks to sfgovtv staff for assistance during the meeting. this is a special meeting. there will be no general public comment period. it will be only called for the item on the special meeting agenda by dialing 415-655-0001. id (146)255-0665-pound pound. raise your hand to speak, press star 3. limit comments to the topic discussed. the chair can limit your comment to agenda item. make comments in civil and respectful manner and refrain from profanity. address the commission as a whole, not commissioners or staff. >> i would like to ask legal counsel to make an announcement r

even john paulson has been saying this for decades.e sense, but i also thought it was funny. i'm also not sure how much crypto investors really about a guy who has bought and held gold for 10 years. amanda: something to be said about crypto investors only want to hear good news. that would be another conversation that you may not agree with. matt: the same is probably true for gold bugs as well. amanda: probably right. people get a little dug in to their positions. i thought it was interesting, he said you are really just buying a supply and demand picture. that is not really true of other crypto's, just bitcoin. but the question was well-made. if you believe that, why not sure it? --short it? a fascinating answer about why it is not easy to bet against. matt: imagine if he had bought it early. the whole interview is fascinating. it is pretty weird to watch john paulson. he is such a huge figure in wall street history. definitely want to watch at tuesday, 9:00 new york time on bloomberg well with david rubenstein. time for our stock of

. >> commissioner paulson. >> here. >> commissioner harrington. >> here. >> commissioner ajami will join us while we are in progress. we have a quorum. >> due to covid-19 health emergency and given the public health recommendation issued by the san francisco department of public health and governor newsom and mayor breed looked at restriction on teleconference this is held via telecomvens and televised by sfgovtv. there is a brief time lag between the live meeting and what is viewed on sfgovtv. i would like to extend thanks to sfgovtv staff for assistance during the meeting. this is a special meeting. there will be no general public comment period. it will be only called for the item on the special meeting agenda by dialing 415-655-0001. id (146)255-0665-pound pound. raise your hand to speak, press star 3. limit comments to the topic discussed. the chair can limit your comment to agenda item. make comments in civil and respectful manner and refrain from profanity. address the commission as a whole, not commissioners or staff. >> i would like to ask legal counsel to make an announcement r

with sarah paulson. >> yes, of course, half the time you think you suck.opportunity to suck again. ( laughter ) that's the nice thing about doing one of these shows, every day the last show is gone and you can only enjoy it for the five minutes after the show is over and tomorrow you have to do it again, which is a great privilege, but, also, well, maybe i'll suck today. >> i was feeling very nervous about coming here this afternoon and i was thinking i wonder if he's nervous. >> stephen: every show. i don't believe it. >> stephen: amanda peet, five years has been too long. please come back more often.i w. emres thisfray on netfamanda pe! webe rig back with scer aficionado andoverf america, webe rig back with scer aficionado andoverf america, ror bennett. ♪ [ sneezing ] are your sneezes putting your friends in awkward positions? stick with zyrtec. zyrtec starts working hard at hour one... ...and works twice as hard when you take it again the next day. zyrtec. muddle no more. you try to stay ahead of the mess but scrubbing still takes time. now there's dawn

with sarah paulson. >> yes, of course, half the time you think you suck.very day i have an opportunity to suck again. ( laughter ) that's the nice thing about doing one of these shows, every day the last show is gone and you can only enjoy it for the five minutes after the show is over and tomorrow you have to do it again, which is a great privilege, but, also, well, maybe i'll suck today. >> i was feeling very nervous about coming here this afternoon and i was thinking i wonder if he's nervous. >> stephen: every show-- a little bit. >> i don't believe it. >> stephen: amanda peet, five years has been too long. please come back more often. i will. >> stephen: "the chair" premieres this friday on netflix. amanda peet, everybody! we'll be right back with soccer aficionado and lover of america, roger bennett. ( cheers and applause ) ♪ itchy? scratchy? family not getting clean? get charmin ultra strong. it just cleans better, so your family can use less. hello clean bottom! enjoy the go with charmin. the snapshot app from progressive rewards you for driving saf

commissioner paulson? >> commissioner paulson: so i'm just sort of weighing in on this as somebody who came from part of his career in life in the construction industry. and i've been on so many different construction jobs, both in public-private sector, a combination of the two, and i can always -- because, you know, i was in charge of running work on many of these projects over time. you can always tell a job you went on as to the level of -- i don't know if it's the vibe or the trust or the tone that is either set by the general contractor, the agency or the owner or whatever else, and it can vary very fast and very differently and to set the tone where people trust each other to know where information is going to be spread is a much better job than the ones where people walk into a room and say this is all screwed up, they just wanted to make sure they put down and covered the company they were working for to, you know, make sure they weren't going to be liable for something they didn't know about. whe

commissioner paulson? >> commissioner paulson: so i'm just sort of weighing in on this as somebody who came from part of his career in life in the construction industry. and i've been on so many different construction jobs, both in public-private sector, a combination of the two, and i can always -- because, you know, i was in charge of running work on many of these projects over time. you can always tell a job you went on as to the level of -- i don't know if it's the vibe or the trust or the tone that is either set by the general contractor, the agency or the owner or whatever else, and it can vary very fast and very differently and to set the tone where people trust each other to know where information is going to be spread is a much better job than the ones where people walk into a room and say this is all screwed up, they just wanted to make sure they put down and covered the company they were working for to, you know, make sure they weren't going to be liable for something they didn't know about. whe

john paulson made his fortune and name of shorting the mortgage market more than a decade ago.s, he is not a fan of cryptocurrencies, but don't expect him to have anything to do with digital currencies. to hear more about investing from john paulson, watch bloomberg's "wealth" with david rubenstein. that is your latest business flash. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's ne. comcast business powering possibilities. >> the countdown is on in europe. this is "the european close." with guy johnson and alix steel. alix: already minutes until close in europe, recovery stumble, confidence falls for the first time this year's while german inflation hits a 13 year high, olaf scholz tries to cement his front runner stat

hank paulson has been the philanthropist of birds in america.o iowa, field of dreams, baseball, and commercialism. it is like bear cam in alaska, except it is the eagles of iowa and this is one of the coolest bird projects in america, and this is the breeding of eagles in iowa and learning from that process. this is a photo in the early morning of iowa and it is not some manufactured cornfield. lisa: bloomberg surveillance exclusive, we have the representation of action and markets represented by that eagle that is just sitting there in iowa. tom: i think that looks like mom. there is mom and dad, and i think that his mom. lisa: we mentioned bears and i want to be clear of something. when i am skeptical or trying to look around corners it is not an investment call, just because markets have hit record high does not mean the end of skepticism, and i think the difference between people calling for the world collapse is different from looking around corners. tom: that is like a chicago philosophy discussion, you have to have a triple espresso to ge

ah, 5 years ago it's easy to introduce a groundbreaking policy to why that whole raft paulson to go by 2050 trapping and volunteer groups play a role in saving a variety of critically endangered birds. being more than $200000000.00 has invested into these government programs that brings together businesses, schools, universities, conservation, and pharmacy. i think it is the 1st country that doing it on such a wide basis to have a have a go saving, you know, considering something that so it's visual. it's a real big hero, dashes go. kaycie moon is elidah at print of free. 2050 limited a chargeable company established by the government to carry out the mission. a former president of a farm and association, she said, passed all through harm farm because they can infect capital with tuberculosis. controlling the disease cost the taxpayer, $42000000.00 a year. so predator eradication is good for the economy, not just the grains k. he says they can achieve the goal by 2050 with reiser investment in scientific research. next, going to be the case for helping drive out the last of the credit,

john bel paulson in 2017, one of the world's largest p. r. firm spell, passenger found itself in the middle of a major south african political scandal, accused the stoking racial hatred on behalf of its client, a prominent business family with close connection to the government. oh, passenger was exposed, went back cropped and was forced to shut down. however, these moments of accountability are rare, because this is an industry that's been incredibly successfully keeping its work under wraps. not every day you get to see a video that exposes the inner workings of the p. r, industry. and finally, to the olympic games where thousands of athletes are competing for metals, and there's not a russian flag to be seen. that's because russia is still banned from the olympics after it was found to be running a huge doping program, which it's always denied. a limited number of russian athletes are allowed to compete in tokyo, not a seam, russia, but as the r o c, the russian olympic committee. and they're not allowed to play the russian national . t

continue to burn in and around the town of greenville, which has been hit hard by that fire garage paulson. the has the very latest on that. >> the massive dixie fire burning intensely and unpredictable. it. small communities like chester nearly empty and causing major devastation for we were on our way to greenville to cover the aftermath of a fire that leveled most of the small community. but just lake. spillway, large flames towered both sides of highway 89 soon. the winds picked ability. we're seeing by the second and flames growing more powerful. this is a small glimpse of challenges crews on the front lines have faced over the past 3 weeks. >> the winds that we're experiencing day 30 miles an hour. the field conditions. feel moisture content of the fields that amber and again drought conditions over. so it really seeing after so many years of drought you're seeing what's really happening. how the how the fire behavior is acting with low humidity and dry conditions. fire crews hoping residents follow evacuation orders so they can save homes and not lives. >> i mean, one thing we need

so i would really focus on what paulson cation point last week, f o m c came out, minutes were a little bit more hawkish. he said no, no, no, no, we're still very w. consider and we don't know what's going on. so that's kind of that was so interesting is the fed themselves. they bought $120000000.00, started buying $120000000.00 worth of bonds. at the start of the pandemic, they stabilize the market. and i still think to this point, even though they stabilize the market, they triggered inflation and the fact that they still think is transitory. it won't be. and i've seen other members kind of say, well, maybe it's not really, it's going to be up to how to finally decide that he has to make some action. because guess what? inflation isn't so transitory and they're not there yet. so i would just follow power. and now tell you, what's your response to those sort of uneven fed officials who are admitting that they don't agree on the future of policy? do you think that those disagreements are going to have any impact on where the fed actually goes? you know, i don't, i don't think so. i'd ha

s. military saying spokesperson paulson. com saying that the u. s . military didn't data launch i. what they describe is a self defense on mand over the horizon as strike, which is basically a drug strike on a vehicle in cobble eliminating an imminent, i says, case french. so how it cause i international airport misstatement goes on to say we are confident we successfully hit the target significant secondary explosions from the vehicle indicate the presence of a substantial amount of explosive material. another official saying that this was an indication potentially being multiple suicide bombers in this vehicle that was taken out in that drone strike. of course this comes only a couple of days or 24 hours or so after that. first us drone strike the took out will be america's described as to high priority members of i. c k. following those horrific attacks on thursday that killed at least a 110 people including searching americans. we also hearing reports, as you mentioned, of an explosion that is some sort of reporting is being a rocket attack on a house outside the perimeter fenc

paulson earned his

tom: john paulson speaking to david rubenstein. the full episode tuesday in new york or wednesday in london. speaking of crypto, let's check the prices. bitcoin up 625% year to date. ethereum down. that is the bloomberg galaxy crypto index. let's look at what we will be watching out this week, the u.s. open tennis tournament starts today and we will get euro area consumer confidence as well. tomorrow, all eyes on biden and afghanistan as almost all american troops they be pulled out of the country after nearly 20 years. that 31st date. wednesday, we will be monitoring the opec-plus meeting. thursday, eu foreign affairs ministers meet in slovenia. friday, we have the august u.s. jobs report. that's where the focus switches after that important speech from jay powell where he tried to delink the start of tapering from the start of the rate hike cycle. we don't have a timing yet but the assumption by many investors is set timber is when it gets announced, and bloomberg intelligence things december is when tapering starts but jay powel

i would say hank paulson is a gold bug, how has gold done for the last decade.side investors, i'd say that's more performance related. he's basically destroyed investor capital for the last decade in one of the greatest bull markets in history. he may be calling the black swan. i tend to be in the camp that crypto's here and here to stay. point 72, more successful hedge funds are knee-deep into crypto so i tend to think the best days of crypto are ahead of us. i don't see money printing stopping any time soon. dagen: paulson is remembered for this multibillion dollar winning bet against the housing market, mike, but what actual investments did he lose so much money on in the last few years? >> well, -- dagen: he was on the wrong side of gains, essentially. >> he lost a massive gold fund when gold was at $2,000 an ounce a decade ago. where is gold now, 1800 bucks. compare that to multi-strategy hedge funds, they've been producing returns for a decade when he's down. a lot of his -- he's like norel ravine, you call the financial crisis and you're bearish on everyt

paulson, i think eventually it goes to worthlessness. dagen: gentlemen, great discussion.lemen. much more ahead this morning. coming up, arizona congressman andy biggs adds to the growing calls for president biden and his top advisors to resign over the botched afghanistan withdrawal. he is next. plus, retired army captain sam brown is here on the biden administration's broken promises. we left americans and allies behind in the hands of a terrorist organization. what happens to them? captain brown will weigh in. then elizabeth holmes facing justice, that's a question mark, we're previewing the jury selection in her criminal case to deceive investors. that's ahead. ryan payne and steve forbes are here. you don't want to miss any of what these gentlemen have to say. you're watching "mornings with maria" live on fox business. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... hey, graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... ...g

billionaire john paulson - -who bet against the u.s.ng market is turning against crypto. in an exclusive interview, the hedge fund manager said why he thinks digital currencies are worthless. >> i would say that cryptocurrencies are a bubble. i would describe cryptocurrencies as a limited supply of nothing. haidi: he is increasing the concern about rising prices. we did not quiet get what his next -- quite get what his next big bet could be, matching his latest success. it does not seem to be on crypto. kathleen: it could be generational. mary merry soccer, tennis open gym said she got interested in come to currency because of her twitter feed. daybreak asia is next. this is bloomberg. ♪ introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...and exclusive experiences, like the chance to win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking ski

. >>> john paulson has a new call.ime mortgages in 2008. he says he's buying gold and a number of energy stocks. he's owned a big position in a number of goldminers, includin nova gold resore, perpetual resources, ashouldn't, barrick gold, he added that cryptocurrencies are a bubble that will eventually prove to be worthless. he made the comments about david reuben steen on bloomberg wealth. >> and then a generation of traders who profited big from that crisis. the open question remains, can they spot and profit big from the next one >> you can get it right once can you keep getting it right? >>> thanks for watching "power lunch. "closing bell" starts right now. >> welcome to "closing bell. the nasdaq is in the lead to kick off the new trading week, up 1%, as we head into the final hour of trade with the s&p 500 and nasdaq both said for report closing highs. >> i'm courtney reagan in for sara eisen today let's look at what's driving the action on this monday. tech is on top today as apple, alphabet and semiconductors h

let's take a look at bitcoin, sliding after billionaire investor john paulson just called cryptos a,d supply of nothing. that is a quote. it's pushing the price of bitcoin down, lithium down, here to yum is climbing to the up-- ethereum is climbing, so mixed picture, but overall crypto moving lower. and the largest gas pipeline in the u.s., the colonial pipeline, says it expects to resume full services once it assesses the impact of hurricane ida on its operations, this after it temporarily halted fuel delivery from houston the greensboro, north carolina. it supplies half the fuel to the east coast of the u.s. hurricane ida the has pummeled the u.s. gulf coast, knocking out most of region's offshore wells and export facilities. as a result, just ahead of labor day, gasbuddy is predicterring the national average -- predicting the national average to rise 3-8 centings. would you agree with the prediction? >> yeah, i have a more modest increase of about 5-10 cents a gallon given that we've seen futures up a few cents especially in light of the number of refining averages we have as well

i want to bring in leuthold group jim paulson., i have to ask but the internals, day after day so many losers than winners. see it more pronounced in the russell and nasdaq. see how many names are trading below their 50 day moving averages on those two exchanges. what's going on here? >> well i think that you know, i actually think the growth rate in quantitative easing and m2 money supply, charles, has been slowing really since march, has slowed a lot. quantitative easing was growing 80% year on year in february. it is now growing 11% year on year. so i think in essence tapering has been narrowing out market leadership. you've seen small caps have been flat for months ever since that started. cyclical sectors, their performance has rolled over. emerging markets have been hit hard. a lot of the more cyclical areas have been hit the hardest by this. i think that's what's happening. internals as a result look bad because what's left perform something the largest of the large cap, primarily in the growth space. charles: right. >> but

you know, my background is help lead the transaction to acquire pf chang's which is my employer for paulsonny and came in with a strategy to focus around, number one, driving in-restaurant sales by focusing on the guest experience. making sure the experience and food match having a great time coming to the restaurants and focus on the off premise sales and that was a key part of the thesis buying the business in 2019 had no idea covid was coming but an area we developed in the year before covid and that really let us transition people from dine-in when that got shut down and that helped us get through the pandemic in a relatively compared to the industry a strong position. >> absolutely. one oh thing, my people -- this guy hates ghost kitchens what is your beef? >> i don't hate ghost kitchens i think they work for certain people the thing is our food is all made from scratch. we roll dumplings by hand. we cook in the wok it is more expensive and time proco p consuming and need sales and it doesn't work for our concept we benefit from pf chang's on the side of the building you don't get that

but the tire has destroyed much of the town of greenville crushed paulson. go brings us the latest. >> the exclusive dixie fire continues to destroy anything in his path. but tonight, residents of metal valley near quincy. we're allowed to go home. see if it's still here. this is mason steve's in-laws home. he says since they're older. they're being overly cautious about going home too soon. a choice. others in the area are making as well greenville. they let us go back. you know my uncle and when they were my sister's house in quincy on with the trailer. they went back home the next night blew up. california's largest single was far showing no signs of letting up as disability continues to deteriorate. fire crews hoping the weather improves. in the meantime, they continue to protect structures and drawn lines to slow the fire down. plus around the community fight indian falls greenville and canyon dam thought devastation. >> fire crews are now trying to protect preston built what happened greenville's us an absolute shame. steve hopes his in-laws home doesn

reasons the market is actually a little bit higher and to the point that was made earlier by jim paulsonhas a tendency to go higher on those shocking declines in consumer sentiment. >> it is. that consumer sentiment is showing, especially retailers, than people that are like well i guess not selling cars, because god knows can you get a car? anyhow, those numbers are telling them that all is not well and that they need to be accommodative so i think that is great for the market because we love cheap money. love it or hate it, it's what the market loves so this is saying that the fed has been right so far this year, or perhaps the whole way through covid, and that we're not out of covid and they are going to be accommodated. charles: that was my first thought when you said that the fed has been right. whenever these numbers have a big miss whether it's a couple jobs numbers ago, this number you think of these conferences with jerome powell and he talks about these things, listen, we know they want to stay accommodative and never want to takeaway the punch bowl for a number of reasons to g

paulson reports many businesses are now suffering during what should be a successful weekend. it. >> the counter fire rages on and it's smoke making south lake tahoe look unrecognizable it's insane. i've never seen smoke like this. my entire life. the smoke ripping away both clear get a seat. you could smell it. you know, i mean, it's it's pretty crazy if you're totally re board and ryan randall are in town for a bachelor party. the friends from sonora left the washington fire thursday hoping for bluer skies. i was expecting a lot more lively. i've never, ever in my life seen 50 scooters. you know, i some 50 people on scooters, but i've never seen 50 scooters standing just standing just sitting there with nobody on it. the smoke both the hazardous level leaving businesses reeling and the smoke has decimated the hotel motel industry and southlake not many representatives want to go on camera. put a representative with base camp tells me last weekend there were booked because of a concert happening this weekend. but that concert has since been canceled and out of a 179 rooms. on

challenge what that is the winds are going to shift and we're looking at if i believe i heard steve paulsonmorning say that the winds are gonna shift that's brought your smoke down to the bay today. tomorrow it's going to bring it back into the tall region. you're looking at that photo right now. that was this morning, right here in south lake tahoe just all. for what's called tahoe mount and the angora ridge, which is eco summit. so challenging time for sure. it's a good to get a break right now, but we're ready right here in south like todd to see some more smoke, all right. he had kevin when you take a look at those images, you really can't make out much there. have you seen the smoke this bad in that area before? well last year, if you remember we had about 4.2 million acres on fire, so we've seen smoke like this, but really not as. thence and as it has this kauder fire has pulled in. i mean, this went from 650 acres to six that are accused me to 53,000 acres in a short period of time. we're still dealing with the new fire. the tamarack fire, the dixie fire and backwards fire. they all

we've got garage paulson gun out the latest. >> the massive dixie fire burning intensely and unpredictable. it. small communities like chester nearly empty and causing major devastation for we wmre on our way to greenville to cover the aftermath of a fire that leveled most of the small community. but just lake. still wait. large flames towered both sides of highway 89 soon. the winds picked ability. we're seeing by the second and flames growing more powerful. this is a small glimpse of challenges crews on the front lines have faced over the past 3 weeks. >> the winds that we're experiencing today, 30 miles an hour. the field conditions. feel moisture content of the fields that amber and again, drought conditions over. so it really seeing after so many years of drought you're seeing what's really happening. how the how the fire behavior is acting with low humidity and dry conditions. fire crews hoping residents follow evacuation orders so they can save homes and not lives. >> i mean, one thing we need to change the weather. we could ask for. one thing, it would be that. gurajpal sangha fox

. >> john paulson speaking to david rubenstein on bloomberg. the full episode tuesday in new york or wednesday in london. let's check on those crypto prices. bitcoin up your today, 55%. bitcoin currently trading 47,900, just over 5040 -- similar territory in the losses we are seeing in today's session, currently priced at 3165. that is your crypto index. let's take a look at what we are going to be watching for this week. the u.s. open tennis tournament starts today. we are going to get euro area consumer confidence. almost all american troops have been pulled out of the country after two decades. wednesday we are going to be monitoring the opec-plus meeting. will they stick to their commitments? friday, we are going to have the august u.s. jobs report. let's get the bloomberg first word news with simone foxman in doha. >> hurricane ida slammed into louisiana packing winds of 150 miles per hour and threatening mass flooding. more than 700 50,000 homes and businesses are without power. blackouts could last weeks. anthony found she says the door

>> and people didn't recognize that was sarah paulson there. of the pandemic it extended that time and during that time i just became deeply protective of her and her story. i think so many people don't understand what she was really going through at that time because she was actively silenced by her immunity deal with the office of independent counsel so she was not allowed to speak for herself so so many people don't understand the true emotionality of what she was going through when the world learned her name, and it was really doing my research i started to feel deeply protective of her, and because she's also a producer on the project and i had the great fortune of getting to know her, and before we started filming i said to her, i couldn't think of the word -- how i felt about her and finally it came to me. i'm your bodyguard. i'm your 5'1" little jewish girl bodyguard. i will protect you, i will protect what you went through, i will protect your story and i hope to give your story back to the world in a brand-new way, in a way that peopl

. >>> meantime, talk about markets and the impact, i want to bring in jim paulson good to see you, jimain of salt i think the real concern is the bond yield, earlier this we're we were down, and now almost up to 129 this morning. that is a huge turn. technically i think that will raise for a lot of people the bond yields are done going down, and may be headed up again what this does, more than anything, it causes a big shift in the leadership of this stock market you can see this already where the nasdaq is off a lot this morning, and small-cap stocks, their futures are way up the undertow has shifted to some degrees. those more sensitive to the economy, and away from defensive and growth stocks, which have been leading for a while here. you know, i think that's the undertow i think the other thing this does is caumont down these the little bit and reminds people there is still an incredible fundamental story going on, not only reported by company injures but now on main street as well and calm some of the fears tightening comes at some point but i'll tell you what, when we're growing

hedge fund billionaire john paulson betting against the crypto's, what did he say.rency bubble will burst. >> i would describe crypto currencies is a limited supply of nothing. to the extent there is more demand than the limited supply then price would go up. but to the extent of the demand falls a price will go down there is no intrinsic value. lauren: no intrinsic value, he said the housing bubble would collapse and he was right on that one that was back in 0 six. stuart: 06 - 07 housing bubble not right now. lauren: the one leading up to the financial crisis. stuart: next what is support.com this is not a stock that i know they offer technical support, it's been on a win streak recently i've been inclined to ask is it a mean stock? lauren: the 45% gain is nothing it's been up over 200% in the past seven days and make this day number eight this is a mean stock you have the reddit traders like they do with gamestop and agency their speculating is short squeeze with support.com when a stock jumps they are forced to buy back their shares to limit losses so the stock

that they may not be so transitory, and that's a risk that i'm worried about >> let's bring in jim paulsonou in your view has there been an actual shift in the tone of the t taper time line? that's a lot of alliteration has there been a shift in your view and if so, should the markets take that in a negative way or in a positive way? >> i think risk assets should take that in a positive way. i would arguethere has been a shift. a few months ago the market was looking for the fed -- for chair powell to outline the entire taper time frame at this meeting. i think what we heard in the last couple of months is that there is no urgency for the fed to start the tapering, and they're trying very hard to disentangle tapering from tightening they're trying to say that even though they're likely to taper by the end of the year, and that's the message we hear from chair powell today, they are not in a rush to exit from accommodation. why i think that's positive for markets is i think markets are concerned about the economic outlook as much as the fed reaction function. i think chair powell has a deli