though hedge fund titan ray dalio said it's in tact thanks to around the world but worry is that the central bank's helping will be limited down the road. >> we are long at equities and holding those positions and it's a reflatively good time. i'd be worried if we took a year or two in the future, what the effectiveness of monetary policy will be, particularly in a deflati deflationary environment. >> reporter: a hot topic, ruling on wednesday that would render trading places moot especially by the exchange commission. sec share mary white acknowledging it could be a landmark ruling. >> no question, it's a significant decision and my initial sense of it is that it took the opinion and decision and overly narrow view of the insider trading law and that is a concern. but we're continuing to review it. >> reporter: a ruling that could turn the approach to regulating insider trading inside out. for "nightly business report," i'm mary thompson in new york. >>> in washington and with hours to go before tonight's deadline to shut down the u.s. government, republican leaders delayed the vote

>> employees, guests. >>> when we come back, bridgewater's ray dalio live from the deal club. kid: hey dad, who was that man? dad: he's our broker. he helps looks after all our money. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. kid: what if you're not happy? does he have to pay you back? dad: nope. kid: why not? dad: it doesn't work that way. kid: why not? vo: are you asking enough questions about the way your wealth is managed? wealth management at charles schwab we're for an opens you internet for all.sing. we're for creating more innovation and competition. we're for net neutrality protection. now, here's some news you may find even more surprising. we're comcast. the only isp legally bound by full net neutrality rules. >> let's to the get to the santelli exchange. >> hi carl. our guest on the opinion page in the "wall street journal" and on weekends over the years. thanks for taking the time. >> good to see you rick. >> a couple of articles i've just been saving to talk to you. one, does fed read election returns? with regard to the wealt

ray dalio who runs bridgewater has a huge position in exxonmobil. all these hedge fund were long oil. john paulson i believe was long oil. i don't know if they hedged while this thing was happening but you go the to think with that type of a decline. we'll talk with anthony scaramucci later on, from skybridge, fox news contributor, knows more about hedge funds than anybody i know, with that massive decline in crude that some hedge fund -- melissa: uncharted territory that hasn't been predicted. the saudis were saying 60. now we're below that. melissa: economic outlook in russia looking bleaker. despite a hail mary from the russian central bank which decided to raise key interest rates to 17%. that is the highest mark since 1998. dan, i will kick this to you. it was a desperate move. it is failing. >> it is failing. they did it too late and you know russia would not be in this strait if they had not, vladmir putin had not invaded crimea and ukraine because you have an in addition to the price of oil dropping you have those sanctions imposed by the eu

and then we'll be talking to hedge manager ray dalio about what's going on in the markets and of courseulture. and later in the afternoon, we're going to have a rare interview with ken chanault. perhaps we'll talk more about the future of payments, apple pay, and what all of that means. and then at the very end we have a special treat. we're going to talk to adam silver, the commissioner to the nba who also hasn't had a quiet year in his job. including an op-ed he put out in "the times" just a month ago calling for the potential of gambling on potential sports teams. we'll do that all throughout the day and bring it to you on cnbc as well. >> so you're perfectly content to bury the lead, andrew? >> what's that? >> don't you have jessica alba on? interviewing her? >> we do. >> i'm interviewing all those people. >> you don't think she knows. pilar is watching so you can't mention jessica alba. >> actually pilar may be coming this afternoon. but we are thrilled to have jessica alba here. she is the cofounder of the honest company. you often think of her as an actress but she has a company