. ♪ >> chris: your watching the s.e.c. on abc. for georgia y, they have 2:39 lt in their s.e.c.nish it out here at home. final conference game, trying to get to 6-2, and knock tennessee out of a first place tie in the conference. second and eight. up seven. 2:39 to go. field goal, of course, makes it a two-score game. that long drive, tennessee so methodical, kirk, taking up really the first half of the final quarter and having to punt. >> referee: illegal substitution on the offense. five-yard penalty. second down. >> kirk: you hate to see that coming out of a time-out. been a pretty efficient night for this offense. >> chris: extra guy out there in the huddle. well within field goal range for their reliable woodring to make this a ten-point game. tennessee, so far holding onto all three of their time-outs. fake it to frazier. beck on the move. tight end's got it, rumbling, bumbling, diving down inside the 5. it's first and goal on a huge night for the georgia tight ends. >> kirk: what a call here with this fly sweep action. and then you end up bringing a tight end back this wa

whatever he picks on the s.e.c. chair, the person will execute his vision, so that is point number one. trump is widely perceived to be pro-bitcoin, crypto and blockchain industry. i do think that administration and policy will go down to the whole industry and enefit the whole industry, because of clarity, and that will bring more capital to the space. >> one question on crypto and one on the traditional exchanges. on the crypto side of this, and i take your point that coinbase is absolutely soaring the past couple of weeks, but is there an idea that more competition, bitcoin and etfs takes share away from them? >> yeah, it's a good question. i think you have to think about coinbase, not just listing bitcoin and ethereum. they also list 200 other tokens on their platforms. over the past few weeks, it is a reflection on coinbase being traded on the alt coins. i do think this is a big benefit to coinbase long-term, and that's why you see the stock price go up a lot. it's not just about one or two tokens. it's more ab

the united states s.e.c.is xrp four years ago and so it kind of froze the u.s. market opportunity for us. if you're a u.s. bank or u.s. financial institution, you're like let's just wait and see how this plays out so 95% of our customers are outside the united states and finally i think we're in a point where we can actually see growth and see the crypto industry thrive here in the united states. the largest economy in the world has been leaning out of the crypto economy. maria: and giving it up to china. >> there's no question. it's growing in the u.k. it's growing in japan. it's growing in switzerland. these are big economies that are leaning -- the u.s. has been the outlier in many ways. maria: it's a great point. talk about your outlook for crypto under the trump administration and this deregulation that trump is underway thinking about and talking about. look, he's been putting together a cabinet. we still don't have his idea on a securities and exchange commission head, cftc head. all of these agencies

well, in the s.e.c. today, we've seen these -- this doubleheader, ole miss knocks off georgia, if you missed it earlier, just a historic team for ole miss, they beat a top two team for the second time ever. georgia takes a second loss and heads home to take on tennessee, and here, bama flexing, really from the first minutes of this game and trying to add to an emphatic result. didn't watch much during the day. indiana won. miami fell, losing to georgia tech. and richard young will just waltz into the end zone for a sixth rushing touchdown for alabama tonight. and the folks who are still here supporting lsu continue to grumble. i think it's more alabama fans here at the moment. >> kirk: danny lewis, good block there, kind of caught the edge, set the edge for a nice touchdown run. i don't -- again, that's not running up the score, that's just backup opportunities. these guys are going to come out, take advantage of the chances that they get, and richard young gets to the corner and says, i'll take that tou

i think you'll see dozens of lawsuits against the s.e.c. for overreaching on regulation.ne way that people are enthusiastic that they're hope um a newer regime may see a lot of this go away. >>> always great to see both of you. >>> the bond when they delivered that rate cut. he's here with more buzz and discussion, rick. we have a terrific bond auction today. >> what are your thoughts today? here it is, and why are those things happening? it's structural inflationary pressurers here. >> you don't think your, the reality is trump is telling -- what the world wants, populism, a rebalances of inequality. if that happens, that's structurally inflationary. tariffs, we may need them? , but that's inflationary. that's what the curve steepener is all about. once that gets going, you have bigger structure issues, inflation can be entrenched. >> i can't disagree with any of that. even at a 460-ish 30-year bond yield, do you really think the market is petrified of a huge bottom of inflation. i would think we would get a whole lot more for that fear factor, truly. ithink people arefu

the s.e.c. eamon javers, is it official? >> that's right. the s.e.c. is saying that chairman gary gensler will be stepping down effective at noon on january 20th. that's when donald trump takes the oath of office. so is the biden appointee will be stepping down. his chair is -- he ran through 2026. clearly it has been signaled intensely by the trump team they intend to replace him at the s.e.c. he doesn't intind to stick around. this gives the trump team another big economic slot to fill. we are waiting on treasury, waiting for national economic council and now we will see what they do with the s.e.c. the expectation among folks in washington is that if they do pick an s.e.c. chair, no matter who the name is, you are likely to see sort of intense enforcement around sort of more exotic cases, certainly around esg situations, less intense enforcement perhaps an entirely new look at what crypto enforcement might look like under a trump administration. we will wait to see the name there. the questio

he was not prepared to come into the s.e.c. a little late. >> i don't care if we're late. we're talking about the most important thing in america, alabama football. paul, you guys, let's talk about the other games and teams that are actually going to be in the playoffs. why don't we start with you, pablo. ohio state and indiana. >> oh, sure. >> which one doesn't belong? >> i like how ohio state is a pallet cleanser for you. >> sorbet. >> ohio state, the theory of their case is they have one of the best offenses and one of the best defenses and sometimes you get a school like indiana that hasn't played this level of competition. and so when you evangelize on behalf of the s.e.c., know the reason you can do that is because there are teams like indiana that go up against ohio state and get exposed immediately. the playoff picture, look, sometimes, you know, the duke mayo bowl, that's a delicious bowl for -- >> paul, let's talk about the s.e.c. and another crazy game, ole miss, which we are all sure after georgia was the best team

that is the second longest streak in s.e.c. history. >> jesse: i bet georgia tries to heat him up again. you saw dan jackson with the sack, trying to get smaller, fast guys after haynes king. see if they could split this offensive line that has done a great job in pass protection all yearlong, but kirby smart wants to be aggressive. >> joe: look at this formation. they offset the offensive li king to the end zone for the win. no! smile london with coverage of jackson hawes. there is a flag! >> jesse: yeah, had him wrapped around the shoulder. i don't know where buster faulkner found that formation. >> pass interference defense. ball will be placed at the one yard line. >> joe: so they will put the ball on the one yard line now, and that will be for the win. >> jesse: yeah. here's hawes lined up here. here's mondon. this is one-on-one. he's trying to communicate to everybody, get in line against this crazy weird foundation. but right there, it was the left arm around the left shoulder of georgia tech's tight ends. >> joe: you ju

the s.e.c.oversee the digital asset markets to put into place clear regulations so businesses can build, develop and invest here and make the united states the digital asset capital of the world. maria: so what has been the most onerous? i know we've had so many complaints around gary gensler at the s.e.c. but what has been the most onerous in terms of rules stopping more expansion of this industry, perry ann, and how do you think that is tweaked? >> it is the lack of regulatory clarity coupled with a very aggressive regulation by enforcement posture of the securities and exchange commission. that's why chairman gensler has been so heavily criticized by this industry. he's out there saying everything is a security. at the same time, you have the cftc saying no, many digital assets are commodities. the s.e.c. has really taken the spotlight as the lead regulator, the lead voice in crypto, in cryptocurrency, which is incorrect. cryptocurrencys are commodities. it's really the cftc that should be in

., but under a new s.e.c. could allow the brokage firm to launch products a bit faster without fear of retribution. they were issued a wells notice by gensler's s.e.c. on crypto in particular. it has been reported also that dan gallagher, robinhood's chief legal officer is now leading the short list for trump's s.e.c. chair. the stock already up about 180% so far this year, mike. >> kate, in fact, the chart, since its ipo is extraordinary at this point. we mentioned it's a three-year high. it did trade much higher in that initial burst of enthusiasm. but all that you've laid out there really does underscore it's basically a crypto proxy right now. as much as robinhood talks about retirement assets and all the rest of it, that seems to be how it trade. >> 1 hurkds%, mike. it's been interesting to watch the juxtaposition between some of the product offerings, whether it's options and derivatives and them getting into an interactive broker side of the business, and the more professional kind of boring side of the

they come, they go, they put in new folks at the s.e.c.hat they are looking at because that has a longer term effect. a lot of crypto folks who i sit and talk with say there are people interested in crypto, but the ground work is not there to have a safe bet and to have that more regulations to say this is a digital asset is a security and this is a commodity will help people going forward with crypto. that is a huge thing they want to see because once a bill passes, it's really hard to take it back even if you switch administrations. >> two words we will hear in a couple days. somebody wants to trademark this. crypto czar. it's coming up. >> reporter: it's coming. get ready. >> great reporting. thank you. >>> coming up here on "worldwide exchange," -- coming up on "squawk box" i should say. we hear from two ceos whose companies have been riding the crypto rge. robinhood's vlad tenev and then coinbase's brian armstrong. >>> coming up on "worldwide exchange," the stock pick every investor needs to know and soft bank jumping. >>> we have the

this has been very frustrating under joe biden and gary gensler at the s.e.c.his power that he thinks he has to do these unreasonable enforcement actions and try and guide an industry into the ground. today, the headline is donald trump wants to make america a leader in digital assets. if you think of it this way, back in 1995 america unleashed the power of the internet, web 1.0. we are on the dawn of web 3.0 and we are riding in the back seat with countries like the uae and the european union and singapore, dictating to the rest of the world how we're going to treat digital assets. this is america's issue. this is something that we need to do to make sure that the u.s. dollar remains the world's reserve currency. and with the announcements you're talking about we're going in the right direction. maria: tell me about that. how do you keep the dollar as the world's reserve currency while also creating a backdrop for growth in digital assets? what's the plan? >> well, two different approaches. one is stable coins and on the financial services committee we have th

. >> so, this screen is a result of going through hundreds of thousands of s.e.c. filings?ne 800,000 a year. >> exactly. and in a situation like related party risk, a lot of related party disclosure is meaningless, boring, and not material. so, if you are trying to do that using a key word search, it's going to give you mostly information that's irrelevant, which is why you need a more specialized model that understand content, context, et cetera. >> so, this screen, which flagged super micro, the related party risk, it flagged the ties that super micro had with able com, as well as compuware. and able com, there are people who are deep into this story, but able com's ceo is the brother of the founder and ceo of super micro. so, there are strange types there. >> yeah, super micro was flagged on multiple screens. the most interesting one was the related party concentration risk, because it was one of the highest risk companies for that risk category, and you're right, it was very unusual web of family relationships with both able com, compuware, and also int interesting, the

the chair of the s.e.c., of course, very important.he potential crypto czar joining the white house would be very good, but, you know, people i talk to in d.c. say with the s.e.c., there's no way it could get worse than it was under gary gensler. then with the crypto czar, there's not much you can do without that leadership from the treasury. i think that's going to be the key move to watch. >> i also note that we are seeing other currencies moving higher like litecoin is up 6% and the spot etfs with the inflows as well. >> reporter: absolutely. the alt coins that you have seen have outsized gains since the election. those will probably fade. you see that a lot when bitcoin goes to all-time highs, you know you are in a bull run. when people start to pile into the further end of the risk curve. you will start to see the alt coin rally fade and focus more on, you know, revenue driving networks like ethereum or solana. bitcoin is in its own camp. it is in a black and white area. it trades for the long term. the institutional interest will

do you have replacement for s.e.c. with gary gensler stepping down? >> we will see.t is tied to the treasury as well. trump is taking his time which is surprising because the economy and ecb s.e.c. are all . >> dr. lindsey newman, thank you for joining us. we appreciate your ex-expertise. >>> the markets are tanking in most of these markets in europe with the exception of the ftse. they are weak on manufacturing and services and weak on the composite. the market is looking for a potential of a 50-basis point reduction. u.s. futures not helping out. thank you for joining us on the show. i'm karen tso. "worldwide exchange" is up next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> it's 5:00 a.m. here at cnbc global headqua

i'm not going to pay for a stock subpoenaed by both the s.e.c. and justice department.t fraud. shot up more than 50% like palantir holdings, and bill. they turned a profit. both reported strong numbers earlier in the month. bill holdings for 52 times and palantir 170 times. i love palantir. i'm calling it a tad excessive. i could go on. there's applied opto electronics with 143% return. they make optical equipment. there's canaan on chip design, chip research and development, production and socht wear services. that's kind of everything, right? and then xometry calls itself a, quote, leading global a.i. power manufacturing. faro is a leader in 3d measurement, imageing solutions. avepoint is a global leader in data security governance and resilience, end quote. it's up 50%. and indie semiconductors is up more than 63% in november. five of those six companies i just mentioned are unprofitable. faro is another one that's been around for ages but investors only started caring about it the past month. signs of excess all over the place, people, especially in tech. and it's m

markets in the s.e.c. that will open up a lot of the asian countries and that brings in massive adoption into the space. >> how are potential concerns here because we saw with the announcement of world leaders, with that announcement, there were members of the crypto industry that were concerned with the reputation of the crypto world now that donald trump has the market? are you worried going forward or if there is a risk for the industry? it may not just be all positives? >> we witnessed this four years ago with ftx. like any industry, like the early web or early a.i.,es set et cetera. you have to showcase there are adults in the room. groups are here serving the best interests of investors and working with politicians and demonstrate this is a serious industry. of course, you'll always have different companies trying to take advantage of the space. you will see less and less of that. compared to a few years ago, it is dominated by the adults in the room right now. >> i would also like to understand the

or the bribery charges related to the solar energy contracts which were in the country and the s.e.c.rder highlighted a $750 million green bond sale that the adani green energy listed company had done here in september of 2021, part of which was raised from u.s. investors as well. in response to the developments, adani green energy called off the bond sale and most of the other group companies have provided their clarifications to the exchanges stating there has been no allegation made against their particular company and that the group remains compliant. the court order mentions there have been seven districts named in the order and they have been charged with five counts. the first count be conspiracy to violate. the second is the fraud conspiracy and the third is the wire fraud and the dollar sale bond and the fifth count is obstruction justice and they mentioned the investigations were trying to be hindered by the group and executive. all in all, the group has clarified it is in compliance with all of the regulations, but the losses being seen across every listed company of the ad

our next guest is the ceo of a company that gathers information from s.e.c.earch and puts it into one place for investors. for more how it works, bright wave ceo and co-founder, mike. this sounds too good to be true. can you walk us through how it works? how a user use the platform and how you make money from that user. >> sure. absolutely. we bright wave is a research platform to accelerates insight for busy financial professionals. the thing that we identified is that historically you have had the comprehensiveness, meticulousness, time of reviewing investment decision adjacent materials. there is not been a tool that can help accelerate that process historically. we have thrown people at the problem. so with language models we see an opportunity for technology and a system that's able to connect the dots across bodies of content that exceed the limits of human cognition. so we've seen risk, demand across financial services from hedge funds to private credit teams, some of the largest institutional asset managers in the world. sometimes it's as simple as an

another possibility is s.e.c. commissioner who like the other two are critical of ginsler. crypto stockpile in his second term. lots of changes ahead for those bitcoin investors. it will be interesting to watch. bill. >> bill: good deal. gerri, did a lot of folks see this coming? >> yeah. if trump was going to come into office, ginsler will be out. they disagree on the treatment of crypto. it is a currency that's growing across the planet. promoters say it is the future of currency and people who don't like it say it could be destabilizing to the dollar. >> bill: thank you, gerri willis from fox business. here we go to the moon maybe. thank you. >> dana: or jupiter. any moment on capitol hill republican house leaders are set to hold a news conference on their party's election victories in the house, senate and white house as well as their

this emotional win now catapulting georgia into the s.e.c.mpionship game next week. >> our seniors, our team, our leadership, they don't flinch, and they find a way, 14 points down with 5 minutes left. >> reporter: college football treating us to an exciting slate of games full of drama on week 14 with a packed thanksgiving weekend of rivalries. wisconsin hosting minnesota as the gophers barreled through another victory and cementing their 22 consecutive season streak at a bowl appearance, but the win belonging to coach p.j. fleck, who has won seven bowl wins for the third time in four years. >> i thought we made a statement in the rivalry winning three out of four here at camp randall. >> reporter: colorado can keep its narrow big-12 hopes alive with a dominant win against oklahoma state, 52-0. keeping it in state, ole miss and mississippi state. >> back-pedaling, lobs, caught. >> reporter: and coming out on top, ole miss with a fourth win in five years against the bulldogs. now, by the way, that georgia game was long, but it's not the longe

he's also promised to fire gary gensler, the s.e.c.been very critical of the crypto industry and wants it tightly regulated. all of these things have bitcoin holders very happy today. >> deregulation. caleb silver as always. thank you so much. we appreciate it. >> thank you. what is next for president-elect trump? we're going to break down what to expect in his first 100 days based on what he has promised. that's next. more "nbc news daily" right after this. >>> throughout his candidacy donald trump campaigned on promises of mass deportations, new tariffs and the stronger approach to foreign policy. >> well, right now we'll see how the new president-elect follows through on those policy proposals. nbc news senior white house correspondent kelly o'donnell explains what trump's first 100 days in office might look like. >> reporter: rare in american politics, a presidential sequel. >> we're going to turn it around. and i'm asking you dream big. the american dream, just dream big. we're bringing it back. this will be america's new golden a

. >>> s.e.c. chair gary gensler plans to step down on january 20th.ensler was appointed by president biden in 2021. he has taken an ambitious and controversial approach to several regulatory issues, including cryptocurrency. this move ves the way for donald trump to no, minate a replacement. he would have served through june of 2026 if he carried out his full term. >>> in the meantime, howard lutnick planning to step down from his three businesses and divest interests in the two public companies if he's confirmed to the post. statements from bgc group and newmark saying lutnick will divest, but not plan to zealot open market. we will step down leadership at the companies as cantor fitzgerald and this has always been an interesting economic play for those folks who have very low basis stock because what ultimately you are able to do, potentially, diversify your way out of something where you are locked in. you get to put it in treasuries and then if you have enormous amount of money, most people will take loans effectively against those treasuries ofte

and we had a huge s.e.c. matchup in oxford. ole miss hosting georgia.y rainy day in mississippi. in the third quarter, jackson dart will throw the touchdown to antoin welles jr. they made it 22- 10 ole miss. the rebels defense was amazing all day long. five sacks, nine tackles for a loss. the ole miss students, they jumped the gun and rushed the field, while the refs got mad and made them all get off the field, because the rebels still needed to kneel it to end the game. once they did, students rushed the field again, and of course, they went for those goalposts. the final was 28-10. this is the first time they have lost. those students took one of those goalposts all the way out of the stadium and walked it through the heart of oxford. imagine just being one of those cars waiting at that stoplight, and you can see a goalpost with all the students walking by. all right, meanwhile, at georgia tech, they pulled off a stunner against miami. the canes were down 5. but jordan vandenberg recovered for tech. their students then rushing the field, as well. they

gary gensler is set to the part s.e.c. after tense legal battles with companies.all ahead on "bloomberg crypto." first, a snapshot of the market.

for shareholders the s.e.c. make sure you layout your business. going on. i just wanted that about our government. really hard to find. i set out on this journey and then i sat there maybe other people who may be interested in this stuff too. >> we are in this time where everyone can be a publisher, where everyone can be a photographer, that is not me that the product is always of equal value. let's look at the economy and something you know about. >> unemployment down to 4%. inflation rate down close to 3%. key expenses like energy, food and housing are more than 20% more expensive than they were at the start of 2021. there has been a gain of 6 million jobs total since right before the pandemic. the american worker and the american economy should never be underestimated. >> i have been a nurse my whole life. i don't know how you self identify. >> absolutely entered. >> this is like a nord stream. you are inside the chart, you are popping up from the data. what do you want people to take from this? >> that are equipped as citizens and voters. if t

reporting i had on this which is that they were considering jay clayton who had been the head of the s.e.c. under trump, and a new york lawyer who, both those people are considered serious lawyers. especially the one who comes from a fancy law firm in new york and was someone who was not interested, apparently, in retribution and such. it was may understanding that they wanted someone who will go in and move with their agenda. the six or seven names i heard, gaetz was not one of them. and he was someone they were still interested in or talking to or talking about. when i heard gaetz today, i had a list. i was taking notes. >> just likeliesta murkowski. he was not on the list. >> so i, i don't know. >> this is the way we do business now. announce on truth social. is there hope that this may not actually even come to pass? i'm thinking now of the murkowski and collinses of the world. saying joni ernest has expressed some amount of disbelief, john barrasso, others. there are a number of republicans who are between an eye roll and a head shake. inside the doj, is there hope that the republican

former s.e.c. chair jay clayton will speak with that. dale. "squawk box" will be right back. wall street forecasts over $100 billion in sales for weight loss drugs known as glp-1. even with disliked injections. dehydratech processing of a glp-1 drug demonstrated improved blood sugar reduction and reduced side effects. study results are arriving monthly and lexaria has entered a new relationship within the global pharmaceutical industry. lexaria bioscience, transforming the future of glp-1 drug delivery. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! >>> welcome back to "squawk box." wall street digesting president-elect trump's win earlier this

big banks have been complaining that the fed and the enforcement of the s.e.c.n very hard on banks. the lightened touch of regulators does build a pathway for some companies that benefit from that type of regime. altogether, as you said, it is a burst of energy, a 3% increase. it is good news for investors. i will point out, on the other side for diversified investors, your bond positions are getting killed today. the reason is, there is a sense among bond investors that we are going to see higher inflation. the fed will have to keep rates higher for longer and even if they cut, which they are expected to do tomorrow, it will be a longer path to bring interest rates down for the federal reserve at midday trump administration. >> thank you. >>> the next trump presidency will have an impact in countries around the world. coming up, what makes a medicare supplement insurance plan, like an aarp medicare supplement insurance plan from unitedhealthcare a good choice for people on medicare? it's smart for you to have now... i'm 65. and later on, for the future you... i

that can get -- >> if you want stocks to soar, get rid of the roles and most likely we will see the s.e.c. chair arm not most likely, but without a doubt, he would be gone in a millisecond, and grade for the crypto industry and we will be thrilled about it. and the ftc chair, who the business community had said very loudly and throughout almost joe biden's entire term, they're not pleased with, we will certainly see them out of their seats, donald trump will choose far more business friendly, i want to say business friendly, but those who are up for no rules, and that certainly -- you disagree? >> it is not a matter of disagreement but there are other people in the trump camp, like jd vance, who think that some of what has said with respect -- >> he said it in his early days. >> it might actually be valid, that doesn't mean that lena kohn will remain chairman or chair of the ftc. but it does mean that the trump 2.0 approach, to antitrust for example, and consumer protections, might not be 1000% pro-business in every possible way. they may want to reduce some concentration of economic powe

. >> s.e.c. in chaos. >> kansas jayhawks upsetting iowa state 25-36.that wouldn't work. rachel: i'm correcting you. >> byu used a field goal to take down utah, 22-21, keeping the undefeated season alive. >> for the lead for byu, snap, hold, kick, on the way. kick is good! >> as we pointed out, formerly jason chaffets' job. not easy. you were the father of a kicker. a lot of pressure. >> little upside. maybe moments like that. >> as for the pros, fox has a full slate lined up for you today, kickoffs beginning at 1:00 p.m. eastern time. and those are your headlines. >>> as we mentioned a couple times this morning, veterans day is this monday and fox is partnering with u.s. vets to make camo our cause to help prevent and put an end to veteran homelessness in the united states. rachel: you can join us by making a donation and wearing camo this veterans day, post your camo on social media with this hashtag, honor u.s. vets, hashtag honor u.s. vets. >> to donate and learn more information on how can help u.s. vets end veteran homelessness, scan this qr code

that may not materialize in a lawsuit if you have different leadership at the s.e.c. they're up in the range of 25% to 30% in the last five days. that is because donald trump made promises to the industry. one building out the infrastructure in the u.s. to make it more competitive in a.i. and on bitcoin, rollback regulations standing in the way of these actors >> i was looking at coinbase. up 39% this week? >> 41% in the last five days. >> wow. let's shift gears. big bank stocks rally on the idea of less regulation. what about fintech? >> if you look at the five-day performance, paypal and block and affirm, they're up in the 4% range which is in line with the s&p and nasdaq. certainly short of those double digit percentage returns in crypto. i will say block ceo and the chief executive over at affirm both said that they are neutral on election results. they think the growth trends they're seeing are politically agnostic. a donald trump white house is good for business. the fintech sector is facing an existential threat for banks to work with them. you have wells fargo

>> you know who's not going to be s.e.c.? is not going to -- i can go through the list. it is going to be a house cleaning, obviously. >> mark cuban is not going to be -- if he wanted to be at this point -- you think gensler is gone. >> i think whenever a new president comes in, they're going to play musical chairs with all the regulatory organizations. i think we're on the precipice of an economic explosion. we have somebody coming in, very business friendly, he is surrounded by people very business friendly, they have some radical ideas in a positive way in terms of what they can do to cut taxes, drive gdp growth, use the country's balance sheet to try to close the deficit gap. and so i don't expect them to be able to do everything they're saying they can do. when you're on the campaign trail, you say a lot of stuff. if they can accomplish 50% of -- >> which 50%. which are the ones you think are most important and maybe most likely to get put through? >> i think actually if you look at what the american people did last nigh

he will get rid of the s.e.c. chair, the ftc chair. on the surface, you will see a release of the animal spirits. no red tape. guess what will happen. when taxes get cut and get cut and more giveaways, we will see the deficit balloon. when we don't have regulators looking out for little guys, there will be a blow-up that will be devastating. how come we don't see that? >> how come we don't see the fact that he's selling nitroglycerin? is that what you're asking? >> that's what i'm asking. >> i think that most people don't pay attention to the minutiae of economic discussions. i think average voters think about their wallets and their pocket books. i think the tariff discussion went over most people's heads. i think, you know, when we're talking going whether or not harris communicated well with voters -- >> i don't want to do an autopsy. >> i want to get back to what voters want. i think voters have always wanted to talk about opportunity. they want to talk about jobs and wages, health care, housing. maybe some other things. and i thin

institutions have had to hold their nose and -- or maybe not get involved because it seemed like the s.e.cre back in and they can sustain it. >> all right. >> 90k is an interesting number. >> 91 1/2 as we speak and another 4% today we go out decidedly negative for the nasdaq which is right now down more than 400 and a loss greater than 2% today and russell 2000 under good pressure, too. backed up yields affecting that trade. everybody, have a good weekend

the owners don't resign for nothing but a memo to the company, neither the s.e.c. themselves, that is the job of the regulators. i see them losing a lot of businesses. dell had a real bad quarter. the me of the dallas stars, i wouldn't buy them. if there are gigantic carrots put on chinese merchandise, these guys would be guided by their own dollar store, he does. [ inaudible ] 60% of its goods from china. it works as five below, but i wouldn't want it to go to 10 below. over time, we will find out other stocks that have been unfairly whacked in response to the election, but this is as good a list as you can get until we know more about transit cabinet appointees. no matter what, when the dow is up 1500 points, people must look for liars, you should, too. there is always a market somewhere and i tried to find it for you right here on mad money. i'm jim cramer, see you tomorrow. this is "shark tank." ♪♪ my name is nick romero. i'm 30 years old, and i live in venice beach, california. ♪♪ venice is such a creative place, and my store is completely based off creativity

the hands of trump's pick, to lead federal prosecutors for the southern district of new york, former s.e.clayton. so we will see what mr. clayton has to say about it. when we return, it is the talk of capitol hill. matt gaetz is stepping down from congress, for a big role in the trump administration. while the house ethics investigation into him actually come into right? well a former ethics committee chairperson will give us some insight. insight. it is inevitable. chloe! hey dad. they will grow up. [cheering] silly face, ready? discover who they are. [playing music] what they want from this world. and how they will make it better. and while parenting has changed, how much you care has not. that's why instagram is introducing teen accounts. automatic protections for who can contact them and the content they can see. ♪♪ >>> the timing of matt gaetz resignation from the house, raises serious questions about the house ethics committee report. >> i don't think there should be any limitation on the senate judiciary committee investigation including whatever the house ethics committee generates

now, i know enough people in justice and in s.e.c.at one of the thing they don't like is when you say, you know what, we've looked this over, and we're clean. that is why that stock is down. let me give you even further. should they not -- it's obvious smeeg something is very wrong, but if you're an i.t. guy, you're putting your job on the line by buying from super micro. here's another insight that i got. a large suppliers are now requiring cash in advance from super micro. >> jpmorgan cuts to underweight. limited visibility on the new auditor, and business fundamentals. >> they're not good. finding an auditor is not going to be easy, and they don't make it easy by saying, you know what, we did a deep dive and we're all clear. >> no, they're not. they're not answering the questions investors would like them to answer. >> no, and when they say that everything's good, what do you say if you're buying nvidia through them? wouldn't you just say, you know what, maybe i should buy it through dell. >> or hp. >> i don't want to go with guys

for shell horus, the s.e.c. makes you layout your business, you tell everyone all that's going on.ent. i just wanted that about our government. really hard to find. so i set out on this journey and i said hey, there may be other people who would be interested in the stuff, too. >> it may resonate with people, because we are in this time where everyone can be a publisher, everyone can be a photographer. but that does not mean that the product is always of equal value. and let's look at the economy. something you know about, in one of your videos. let's take a look. >> implement down to 4%. inflation rate down close to 3%. but key expenses like energy, food, and housing are more than 20% more expensive than they were at the start of 2021. there has been a gain of 6 million jobs total since right before the pandemic. the american worker and american economy should never, ever be underestimated. >> i have been a nerd my whole life. i don't know how you self identify. >> nerd. absolutely. >> said this is like a nerd's dream. you are inside the chart, you are popping up through the data,

be in the hands of trump's picked to lead federal prosecutor for the district of new york, former s.e.cclayton has to say about it. >>> it is the talk of capitol hill, matt gaetz is stepping down from congress for a big role in the trump administration. but, will the house ethics investigation actually come to the light? will we get insight? futures don't sleep in the after hours, bro. dad, is mommy a “finance bro?” she switched careers to make money for your weddings. ooh! penny stocks are blowing up. sweetie, grab your piggy bank, we're going all in. let me ask you. for your wedding, do you want a gazebo and a river? uh, i don't... what's a gazebo? something that your mother always wanted and never got. or...you could give these different investment options a shot. the right money moves aren't as aggressive as you think. i'm keeping the vest. some days, you can feel like a spectator in your own life with chronic migraine, 15 or more headache days a month each lasting 4 hours or more. botox® prevents headaches in adults with chronic migraine before they start. and treatment is 4 times

georgia, tennessee and smu, which moves up four spots to number nine with alabama and ole miss, both s.e.ch lost for a third time this season and fall out of the rankings. to major league baseball now, the world series champion dodgers are wasting no time and efforts to shore up their title defense next season. l.a. reportedly reaching an agreement last night with left-handed starter blake snell on a five-year, $182 million contract. the two-time cy young winner opted out of his contract with the giants this month to become a free agent for the second straight season. the dodgers now have doled out five contracts worth at least $100 million since the start of the last off season. that's the same number as the rest of the mlb combined. their pitching staff now lines up to be ohtani, snell, yamamoto, glassnow and may, dustin, gunsler, they're loaded. >>> aaron rodgers addresses rumors he wants out of new york next season. here is what the four-time mvp said yesterday on the pat mcafee show. >> as far as my future goes, i haven't told anybody in my life that i want to play in 2025 and not on

there's too many regulators, the s.e.c., everyone wants a piece of crypto. >> correct.ou just look at -- the trump administration overall is going to relax regulations, whether it's on self-driving cars or whether it's on the banking industry. i mean, you look at the best performing sectors coming out of the election, financials have been number one, consumer discretionary number two, you're looking at lower taxes, strong consumer. the worst performing sector has been healthcare and i'll call that the rfk effect. now there's this fear that rfk is going to upend the healthcare sector but in actuality, i mean, maybe the vaccine manufacturers struggle a little bit but medical devices, i mean, if you need a pacemaker or heart valve, you still need that. some of those have been punished. i went off the radar there in answering this but there's certainly some opportunities that are being presented for investors right now if you pay close attention. maria: when you look at the main wall street firms out there, they're expecting a melt-up going into thanksgiving, going into yea

. >> that he filed a passive investor's filing with the s.e.c. talked to anybody who is buying that it makes fertitta the largest shareholder in the company notably, again, a passive position as an activist one. everybody wants to know why. i did ask fertitta on-camera interview, an interview, he declined let's game this out. could it be the stock is on sale, which is what carl icahn said about his stake in cesar's. wynn is in the 50-day, 200-day moving arnlg in 2022, fer tuchlt itta took a little more than 6% stake in wynn shocked the world. the share price has grown since then but lagging the s&p look at this stock chart over 20 years. i mean, meh. >> dead money. >> i've heard from investors and industry insiders that wynn should focus on growth in the u.s. there's real opportunities here. when i interviewed the ceo craig billings in september, he kept the spotlight on what he sees as opportunities to open up gaming in the middle east with this new resort that wynn is developing in the uae this is a big deal and has a lot of other investors exc

an s.e.c.erson responded, quote, while we don't comment on litigation, state securities regulators have been strong partners in efforts to uncover and prosecute misconduct in the crypto markets. i assume they're referring to freedman. your thoughts, congressman? >> well, i was pleased to see arkansas' attorney general, tim griffin, be one of the states that joined in the suit. federalism is at the heart of our constitution, the heart of what we do in legislating here in washington and for example, in chairman patrick mchenry's stable coin bill which we need passed in the congress this lame duck or early next year, where we have a dollar backed coin to be used as tokenized payment on block chain, that would preserve state's rights to have their own pathway. we think that's the right way to have it in the right structure. gary gensler has taken the opposite approach and created a hostile regulatory environment towards technology and innovation in the space. maria: i mean, i spoke with one of your

elon musk has been investigated by numerous federal agencies, s.e.c., environmental protection agencyhas any kind of bearing on one of elon musk's companies which is a lot of them, has looked into him at one point of time or another. he's taken a position he can just ignore those. that's kind of perked to date. he's paid a couple fines but mostly has skated on a lot of these accusations, and i think what we should expect going forward is that strategy is going to work, it's going to be hypercharged because he has the president's ear and he is in a position to potentially defund the agencies that are investigating him. >> i have one really quig question for you and then we have to say good-bye. head of lettuce or elon musk? >> listen, a lot of what he's talking about is very unpopular. i think people talk about a scaramucci, how money does he have? i would argue this may last a while. musk has a lot of power, a lot of money and he can put pressure on donald trump and more moderate parts of the republican party. i don't think this is going to end in lettuce timing but there will be thos

has announced his resignation, bitcoin rallies in sympathy, even though we expected this, but the s.e.c oppositional to bitcoin. and that's made options markets and a whole lot of other ways to get this kind of leverage very difficult, which is what has made this almost ingenious. it won't be forever when bitcoin is unlocked. >> all right. meantime, big bets on if and when the bitcoin will cross $100,000. they're coming in thick and fast among options traders. mike has the latest on the action. >> yeah, so, ibit, i mean, the thing has only had options listed on it for a very short time but they're going gangbusters already, calls out pacing puts by about four to one today. the most active contracts were if january 55 calls. we saw 24,000 or so of those. buyers of those are betting at about 10% upside in bitcoin between now and january expiration, which is about eight weeks away, and one quick point i would like to add with respect to what tim was just saying. when they issue converts, that gives access to an entirely new class of investors. fixed income investors who can't buy bitcoin,

that might be passed through f they repeal something called sab 121 an accounting bulletin from the s.e.c changer and what i hear a lot of players on wall street are waiting for. >> it does make sense, especially because, you know, me and others thought that once the bitcoin etfs came out it was already priced in and clearly it wasn't. they responded after the fact, too. anything broadening the base of owners seems to help it. thank you very much. appreciate that. >>> as we head into the close the markets, the indexes have lost a little bit of altitude here. you see the s&p 500 has slipped just barely back below the 6,000 mark, up 0.6% for the day. market breadth has been mixed below the surface. 50% of all volume in the new york stock exchange is to the upside, the dow trying to hold on to that 44,000 level. we still are on pace for an extraordinarily strong week across the board. 4.6% upside in the s&p 500 on the week. the nasdaq has not been the center of things but the russell 2000 had that huge one day repricing on wednesday, up 6%, it is now tracking to be up 8.5% on the week and in

bitcoin and doge coin, there is an s.e.c. factor for robinhood.hey had a tense relationship with that regulator under gary gensler. the agency, though, issued a wells notice to robinhood and gensler's potential removal seen as a win for robinhood in any less hostile stance toward crypto would be a good thing for robinhood and crypto. thomas teterffy approximate will be on "closing bell." >> more on today's post election rally and the move in yields, blackrock's rick rieder will join us. you're watching "closing bell" on cnbc. did you ever worry we wouldn't get to enjoy this? [jeff laughs maniacally] (inner monologue) seriously, i'm on the green and all i can think about is all the green i'm spending on 3 kids in college. with empower, i get all of my financial questions answered. so i don't have to worry. empower. what's next. wall street forecasts over $100 billion in sales for weight loss drugs known as glp-1. even with disliked injections. dehydratech processing of a glp-1 drug demonstrated improved blood sugar reduction and reduced side effect

scrutiny over several different activities, business communications, and other oversight regarding the s.e.c they are being honest and forthright, both with the public, and wall street investors, and the taxpayers. but, it will be elon musk who, according to this fly-by-night system they are creating, that will propose, potentially, efficiency savings, budget cuts, even firings to those very agencies. so, is it a graft? is it an abuse of power? is it real? is it a cryptocurrency scam? there is a lot of big questions, here. rachel maddow, our colleague, was writing about exactly this in the new yorker magazine postelection saying, the lessons history shows our dictators and demagogues are also "thieves." "watch your wallet. if history is a guide, it might be worth remembering america's most ambitious and accomplished demigods have also all been crooks." yes. what starts with talking about stealing votes, can end up with stealing your money while claiming they are protecting your money. you can call that "efficiency." we will be right back. ht back. one extra push and... crack! so, we schedule

they probably won't go to the s.e.c. game, but you may not want to go to the s.e.c. as long as you grab a playoff berth. >> play the first round against byu, another funny story from the weekend, and you win. paul, finally, let's quickly talk about ole miss and georgia. of course, you and i disagreed before. i always wanted lane kiffin, the best offensive mind in college football. but, man, could you believe how much ole miss dominated georgia? >> it was a master class. lane kiffin severely outcoaching kirby smart, the best coach in college football. lane kiffin has arrived. he was always the coach, joe, who we said, he's really good. he's funny. he is a master. saban said he was the best offensive play caller he's ever been around. he just put up his performance on saturday, best of his career. he's now one of the elite coaches in college football. he was not even called for the alabama job, just for the record. >> idiotic. >> for whatever season, they didn't want him around. he would have taken it, i can confirm. but he now is one of the hottest coaches in the coun