sec. jean-pierre: we continue to grieve the lives lost and livelihoods destroyed by the tragic wildfires burning communities in southern california to the ground. before i handed over to fema administrator dean criswell who has been on the ground and will provide further details on the federal response, i wanted to take a moment to remind everyone in this room and who is watching at home that this is not about politics. this is about people, this is about humanity. people who have literally lost everything. homes, schools, and businesses, entire communities burned to the ground. treasured artifacts like personal photos, precious family heirlooms and other priceless belongings reduced to rubble. i know there are many of you, your colleagues on the ground trying to cover all of the disastrous moments on the ground with this event. we need to be thinking about californians, their priorities and how we can all come together to support them. from maui to north carolina to california, we have se

sec. blinken: very simply, because no one anticipated that the government and the afghan armed forces would collapse as quickly as they did. we anticipated, and every intelligence assessment, we had anticipated that kabul would remain in the hands of the government, in the hands of the afghan armed forces through the balance of the year -- >> i'm going to reclaim the rest of my time -- sec. blinken: please, let me finish. >> i'll let you finish. sec. blinken: mark milley said nothing i or anyone else saw indicated a collapse of the army or government in 11 days. the dni said in the days leading up to the taliban takeover, intelligence agencies did not see collapse as imminent. this unfolded more quickly than many anticipated, including in the intelligence community. >> ok. reclaim my time. i hear what you're saying. that no one saw the collapse coming. however, i've read the dissent cable, your embassy personnel, that you provided to me, that they sent to you in july before the collapse in

sec.n-pierre: thanks. go ahead, steve. >> i hope you can speak to whether your agency has enough money currently to fund the immediate response needs or do you need to go to congress and get additional funds? 10 days out from the presidential transition, what steps are underway to ensure what has been done so far and in the coming days is sustained at that career level and beyond? admin. criswell: with the recent supplemental, fema received $27 billion, so we can continue to support the ongoing recovery efforts for all the disasters we have been supporting, to include now the immediate response and initial recovery efforts needed here in california, so we are very grateful for the bipartisan support from congress to give us that additional funding so we can meet the needs of the individuals impacted. as far as going through the transition, we have an amazing, dedicated workforce of women and men that will be able to continue to support them. our regional administrator has worked many fires

is the sec concerned about that? i mean, you know, our -- our -- our ad revenue might be harmed if our reputation's at risk from anything we do. >> i don'ink at that's a because this has been the law, for ample, in the ninth the berson case. least 2008 with we haven't ses ki of danger arise. that's facebook's home circuit. and they provided a lot of very helpfuailerisk-factor statements in the relevant 10-k at issue here. >> and now they may not. >> th's -- that is the kind of issue thhink the sec is well equipped to deal with. if that, you know, were to appeals' judgment, then theurt sec could look at that. it'tinked with item 105 before to change the standard for what needs to be disclosed, and it could well do so again. yes. >> justice kavanaugh? >> you said there's no fair notice isse. i guess -- i guess i'm not really seeing that, because all the hypotheticals have illustrated a lot of uncertain about when a company would be required to disclose and not. at blends back into the question i raiseier and the chief

is the sec concerned about that? ou-- our -- our ad revenue might be harmed if our rion's at risk from anything we do. mr. barber: i don't think that that'a mar concern for us just because this has been the law, forle, the ninth uit nce at least 2008 with the berson case. daer arise.seen this kind of that's facebook's home circuit. and they provided a lot of very helpful, detailed risk-factor statements in the relevant 10-k at issue h justice gorsuch: now -- and now they may not. mr. barber: well, that's -- that is the k issue that i think the sec is well equipped to dl with. if that, you know, were to result from affirming the court secould look at that. then the it's tinkered wem 105 before to change the standard for what needs to be disclosed, and it could well do so again. yes. chief justice roberts: justice kavanaugh? justice kavanaugh: you said there' fair notice issue here. i guess -- i guess i'm not really seeing that, because al the hypothetical illustrated a lot of uncertainty about when a company would be

the sec claims so. we discussed the alleged disclosure violations that happened way back when when he spent 420 billion on twitter. this is bloomberg. ♪ mike: elon musk is being sued by the u.s. a securities and exchange commission. the sec claiming that the tech billionaire cheated twitter shareholders out of 150 million dollars by waiting too long to disclose his growing stake in twitter as he prepared a takeover bid. for more, we are joined by nicola white, here in washington. thank you for all of your reporting on this. this case has been building for a while. yet, it didn't end to the usual way a lot of these do, with a settlement announcement. nicola: that is pretty on brand for elon musk. mike: yes. nicola: normally these kinds of cases are usually settled because they are, even though this has generated tons of headlines, it's a straightforward case, filing this forum or not and it is you it on time? he did not, according to the sec. not only that, he apparently did the wrong form. the sec said

>> today, sec chair gary gensler sits in for an exclusive interview. tune in today and noon eastern only on bloomberg. >> welcome to bloomberg markets. it is jobs day eve and we are seeing the stock market make a turnaround here, giving up their early losses and inching higher here. he sees inflation cooling and that supports his view for more rate cuts this year. the russell continues to underperform with small caps lagging behind. the bond market stabilizing after a recent move higher in yields, but the 20 year yield did top 5%. it could be a sign of what is to come across the curve. a quick glance at what is going on in the u.k.. the bond to is a global story with a 10 year yield jumping to the highest since 2008 on concern about inflationary pressures, drawing comparisons to what happened in 2022. let's go to david gura, sitting down with the outgoing chair of the sec in washington. david come over to you. david: thank you and welcome to our listeners and viewers worldwide. you have had a very active agenda during your tenure here. i want to get to

sec. rand: first of all, i should just say thank you so much for that warm and generous introduction, jenna. it is so compelling, what you are doing in terms of amassing the evidence of impact, both of democratic norms and process and governance. and that is both contested obviously all over the world, but it is also very important in u.s. policy to show be in the democratic peace theory, which may be outdated, what are the benefits in terms of the economic benefits, global governance benefits, and international security benefits in the world where democracies are allies and collaborating? i think it is a many decades long partnership. in particular which is close to my heart, thank you for having the vision to turn to iri. to your questions, one of the main roles in taking the helm is to reflect president biden and the administration's priorities and to make the case for why we are in this geopolitical contest. there was a clear emphasis and may be a first time emphasis a return to the co

sec. blinken: i think it's very, very challenging for russia to do that, but good. on one level, let's have, let's have things that are useful in any kind of negotiation. ukrainians will decide what they want to do about that future, and what i think we're hearing from president zelinsky and others, as has been the case for some time, they're very much prepared to engage in a in a negotiation, but we have to have a just result and we have to have one that's durable, and it's not going to be durable if it's not fundamentally just, and it's not going to be durable if it simply opens the door to future russian aggression a year, two years, five years down the road. mr. froman: china. china is now cited as the pacing challenge for all of our efforts of defense. you've been instrumental in developing the quad and the trilateral cooperation with japan and south korea, all those ways of sort of building infrastructure in the region to offset chinese dominance. how do you feel looking back over th

sec. blinken: thank you. we and i take very seriously the work that we do and we have a responsibility to do to assess in anyplace, whether violations of international humanitarian law are occurring, war crimes, other abuses of international law, international norms, international practice. and that's what we continue to do every day, whether it's in the middle east, gaza or in many other places around the world and i'll come to that because your question about sudan goes there as well. in gaza we faced a uniquely challenging situation in trying to make final determinations. because uniquely in gaza, besides having a population that's been traped there, that has nowhere else to go, you have an enemy that embeds self in and mock civilians -- embeds itself in and among civilians. hospital, schools, mosques. and getting a clear picture and a clear understanding of whether any one incident in that context constitutes a violation of international law in a one way or another is an incredibly complicated thing to do

sec.: mayorkas: thanks for having me on. amna: i need to start with the news out of los angeles, which we should point out is your hometown area. and these fires continue to rage there. very dangerous high winds also predicted through tomorrow. what do you see ahead and when do you see, given the resources on the ground, that these fires can be brought under control? sec. mayorkas: so amna it is indeed devastating. it is my hometown. i know many people who have lost their homes. it's quite tragic. it really depends on circumstances that are out of our control, that are out of the control of the firefighters. you mentioned that we have to see where we are tomorrow because the area is expecting very high winds today and tomorrow. so the weather is a great uncertainty. but there are incredibly heroic firefighters and first responders who are doing everything they can to save as many homes as possible. and, of course, the top priority to save lives. amna: we are speaking at a time of enormous

sec. johnson: -- >> secretary johnson promised he would have a few words for you and that wonderful time is here. he and his coach or have been meeting with the media and i understand that went well today. secretary johnson i would love to hear from you now. sec. johnson: thank you, bill, and thank you for organizing this conference. you and marty smith, steve silverman, elizabeth yang, and others, thank you for all the work you have done. i see my distinguished cochair sitting over there. we just came off cnn. i want to deliver a summation of sorts, a brief one. our american democracy and the gold of law are under serious threat. stoked by false and irresponsible political rhetoric, polls indicate an alarming number of americans today distrust our democracy. according to polls approximately 25%-20 8% -- only 25%-28% are satisfied with the way our democracy is working. more than one third of americans indulge in the erroneous belief the 2020 election was stolen, as many of you know. despit

what the do you hope to see from the new sec? just all regulation cut out there?ril the from if file of crypto trading? -- the profile? >> we actually at robinhood welcome regulation are. we think if there's a clear framework that we can work with, we'll be able to build a product that our customers want and at the same time protect customers because without any regulation, we have seen a lot of issues in the crypto space in the past, and we want to prevent that. so we are, you know, really excited to work with the regulator in the future and help them draft bills that can help us build the right product. liz: it was ftx, the brokerage run by sam bankman-fried, that that really hurt the price of crypto which i believe a couple of years ago had climbed to above $60,000, and pit just crashed. >> that's right. and that's something where the right framework would have prevented, you know, what was happening around the custody and around the fact that they were lending -- blending funds between companies that they owned. and if i think this is something that could be e

deputy sec. hicks: and i did mention in passing -- you are right that a lot has changed the last several years, the invasion by russia and the p.r.c.'s expansion, rapid expansion of nuclear capability, the independent commission on strategic posture in the united states out in 2023 that really captures a strong bipartisan consensus, and there is a broad commission, so that is saying something, that we have a lot of work to do to be capable of operating in a world of multiple nuclear challengers. i think that is the right way to think of it, multiple nuclear challengers. any net administration will be doing in nuclear posturing view. our view has been to undertake actions that we believe help us navigate in that environment, what i don't have a doubt that the full breadth of u.s. capability and allied and partner capability have to be called upon in order to be most effective in that world. some of that will be about our nuclear modernization. we have to stay on track, and we have to look at how w

sec.e. amna: so, as the very first native person ever to serve as cabinet secretary, united states history, we should point out you were leading a department that once worked to remove indigenous people from their land. and i know a lot has been written about how you wanted to use this role to really examine and grapple with our history here in america. a big part of this was the work you did looking into the actual work governments did to separate indigenous children from their families, put them into boarding schools, strip them of their history and language and culture. when president biden issued an apology for these actions, what was that moment like for you? what stays with you? sec. haaland: absolutely. yes, that was absolutely an historic moment. and sitting in the crowd listening to the president with my fellow indigenous friends and relatives around me, it was very profound. now, we finished that second report for the boarding school initiative and we put a list of recommendation

one of the reasons the cftc and sec and the u.s. markets are is dollar hegemony. the dollars place in the world reserve currency. its pre-well pre-well o protect that. on the other hand, part of protecting that status is allowing for innovation and another part of that is protecting the integrity of our markets. another former boss of mine senator chris dodd, chairman chris dodd would say to me, one of w the reasons i believe the dollar will always be the world hegemony is nobody has ever lost sleep thinking about that our markets are not being -- the financial crisis rattled that. when reason why we need to come back strong with dodd-frank to reassure the world that our markets were, in fact, the most protected while allowing for that innovation how do you handle that balance? what did you learn from your time and what do you think the future of regulation should be as this clip of innovation seems to be moving on an exponential curve? >> i couldn't agree more with senator dodd and that's absolutely right, that markets, u.s. markets are the most liquid, transpare

[applause] [cheers] [applause] sec. blinken: all right, colleagues, good morning. i'm going to give you a chance to rest your arms for a minute here. but good morning, good afternoon, good evening to those of our colleagues who may be joining us, uh, at all of our embassies and consulates around the world and at our other department of state facilities across the united states. thank you wherever you are, whatever you're doing, for stopping for a few minutes to join us in saying farewell and paying tribute to our secretary of state. everyone participating here. has chosen to serve. to serve the nation our fellow citizens. and each other and those of us who chose to raise our right hand. and take that oath of office. know what a privilege it is. every day to serve the nation. every day. we also know that that service often comes with a cost. long hours. missed family events. for those who serve overseas, there are other costs. exotic ailments. isolation sometimes danger. we have a lot of people who serve in harm's way. and sometimes there is an additional cost. and

the sec just filed a lawsuit against elon musk.y claim he fail toddies close ownership of twitter stock before buying the company. lauren, what's musk saying about this? lauren: he's slamming the sec as totally broken and we'll pull up the post. they spend their time on ex-play makerstive like this when there are so many actual crimes that go un-punished. and his lawyer tells me this is an admission by the sec that they cannot bring an actual case because mr. musk has done nothing wrong and everyone see this is sham for what it is. okay, this all dates back to the series of events that transpired three years ago when elon musk eventually bought twitter in october of 2022 for $4 billion. he started building his stake in the company in march of that year and the sec says he wait to do long to disclose that and that cost investors $150 million. quoting quickly from the suit here "had mussing and his wealth manager disclosed his ownership as required, the stock price would likely have increased significantly". musk would have had to pa

in a post on the social media platform, mr musk called the sec a "totally broken organisation."ed the regulator of wasting its time when "there are so many actual crimes that go unpunished." staying with big tech, we are days away from donald trump becoming the 47th president of the united states. there is uncertainty around how he will regulate the technology industry and its large players, that have made big moves people intake have observed how we operated on his first term, it was important to have ceo level relationships with them that could prevent donald trump from targeting companies and is regulation often really rose or fell based on whether he liked the company personally. if you are a ceo of a tech company or any company you would rather start of the second donald trump term with a positive relationship.— trump term with a positive relationship. there are many stories he — relationship. there are many stories he will— relationship. there are many stories he will have - relationship. there are many stories he will have to - relationship. there are many stories he will

responding, mr musk called the sec a "totally broken organisation."s said it it will separate its venture capital and investment arm into a standalone company as it seeks to cut costs and increase efficiency. intel capital — a prominent tech investor with more than five billion dollars in assets — is expected to separate in the second half of this year and will get a new name. intel would remain an anchor investor in the new venture fund. to india now, where businesses are focused on the incoming trump presidency and the impact of its tariff policies that might follow. he will be inaugurated on monday, but already the president—elect�*s tariff threats have been making global traders nervous. but in india, manufacturers are more optimistic, hoping to benefit from companies seeking to find new factories located outside of china, the us�*s main trade adversary. archana shukla reports. something energy. hoping donald trump's threat of a tariff war with china might move business. these are motherboards, the computer hardware that powers your laptops and de

in a post on the platform, mr musk accused the sec of of being a totally broken operation and accusedg its time when there were so actual crimes that go unpunished. staying with big tech, we are days away from donald trump becoming the 47th president of the united states. how he will regulate the technology industry and its players, that are making progress in areas like artificial intelligence, remains to be seen. adam kovacevich is the founder and ceo of the technology trade group, chamber of progress. he says personal relationships with mr trump could make or break companies. people in tech have observed how we operated on his first term, it was important to have ceo level relationships with donald trump, that that could prevent him from targeting companies and that donald trump �*s regulation often really rose or fell based on whether he liked the company personally. if you are a ceo of a tech company or any company you would rather start off a second trump term with a positive relationship. there are many tech stories that will have to be taking a stance on. what think his views

sec.e new president says drill, baby drill. what kind of trajectory do you think we might be going on in the next four years? sec. kerry: the president is correct that we need an abundance of what we call firm energy. we need to make sure america is leading in the technologies of this transition to new energy, clean energy. i would say that drill, baby drill ought to be replaced by build, baby build. that is what we need to do. in all aspects of energy. there will be higher demand. he's correct. i'm glad to see a $500 billion infrastructure announced. that will be the key to are doing it. the key to leading in ai, but there's a huge but. data centers demand a massive amount of energy. that will become very competitive. will the energy be provided by clean energy or just add to the problem we have of a warming planet with increased intensity to of storms and more damage all around the world? we have not suddenly lost the connection between the choices we make about how we provide energy and

responding, mr musk called the sec a "totally broken organisation."o a standalone company as it seeks to cut costs and increase efficiency. intel capital — a prominent tech investor with more than $5 billion in assets is expected to separate in the second half of this year and will get a new name. intel would remain an anchor investor in the new venture fund. coming up on business today, making the most of trump's tariffs that, we look at countries looking to fill the 93p- —— we take a look at indian businesses looking to fill the gap. around the world and across the uk, this is bbc news. the company behind tiktok has moved to reassure its staff that they'll still be paid next week, even if the us supreme court upholds a biden administration law which says the apps american business must be sold off or closed down. the law comes into effect on sunday. for more, mariko oi is in our asia business hub for us. you can't blame employees for being worried. absolutely, we keep talking about tiktok users in america, but by dance, the parent company, also empl

scarlet: a lot of weakness the tech sec right now.et's bring in emily. >> you can really see the scale of how much panic has taken over markets this morning on that deepseek news and just how taken back investors were. looking at over 500 billion dollars in market cap being wiped out if these losses hold for the end of the day. broadcom also down. marvel technology, lamb research, all really just wiped out on concerns here that a chinese start-up could be really disrupting the a.i. business model. and that's also bleeding into the mag-7 names that have spent so much or at least deployed plans to spend massive amounts of money on a.i. now really getting hit here. alphabet down 3%. amazon faring better. down 1% but still in the red. microsoft, that was a big spender here on openai. the question is if these mag-7 companies are spending on openai or they should be spending a faster model. and apple up 3%. not affected by those concerns but really, all in all, the mag-7 also investors nervous here because of the valuations we're so high al

. >>> new this morning, the sec is suing elon musk. they say he failed to disclose his active stake in twitter and got to buy shares at artificially low prices. he saved at least $150 million in share costs. later he would buy the social media site for $44 billion. a lawyer said his client has done nothing wrong and accused the sec of harassment. musk himself called the agency a totally broken organization. >>> breaking overnight, in a second attempt, authorities in south korea have now successfully detained president yoon over his botched declaration of martial law. yoon, who was impeached last month is the first south korean president to be arrested in office. nbc's claudio lavanga joins us with more. good morning, claudio. >> reporter: good morning, frances. that's right. authorities in south korea said that in the early hours of this morning, hundreds of police officers arrived at the president's residence, where he's been holed up since the beginning of december after he was impeached following his declaration of martial law. now

the sec has to get clear rules in place.i think it is not a security and investors continue to hold that asset. there's another plethora of assets that exist in the market and people want to know are these securities? how should they be treated? not only regulation which the crypto task force is focused on but what can donald trump do to push this forward. 50% of his net worth is in the crypto market and he's paying attention to this but there's three things. they can repeal sab 121 which allowed banks to be more safer people, the second thing is establish a strategic reserve in have the united states government by in bitcoin in the market. the tax treatment of these assets with goods or services by bitcoin even notice a currency you pay capital gains tax so removing those three things would be a tailwind for the industry as well. stuart: are you a fan of the strategic bitcoin reserve? the government starts buying it up goes the price. >> the price will go up but the more important thing is the us government currently holds

. >>> new this morning, the sec is suing elon musk for alleged securities fraud. says musk failed to disclose his active stake in twitter and therefore got to buy shares at artificially low prices. the suit claims he saved at least $150 million in share costs. a lawyer for musk says his client has done nothing wrong and accused the sec of harassment. musk himself called the agency, quote, a totally broken organization. >>> barring an intervention from the supreme cour tiktok will be banned in the u.s. on sunday. in preparation, creators are now shopping around for replacement apps, to keep that content flowing. >> we're just going to tiktok's other app. >> reporr: amid fear a tiktok ban could take effect later this week, some americans flocking to chinese apps like red note and lemon8. both have similarities to tiktok, and lemon8 shares a parent company, bytedance, topping apple's downloads. some say it's a form of protest. >> i go into an app like red note. they're telling no, no, no. i am in control of where i give my data. >> reporter: some users even protestin

i assume were going to go through transition, the potential candidate for the sec is the name. no success of my has been a big typically get the sec chair sometime between april and june, cftc chair sometime between june and september. a little bit that passed that but ultimately i think about this a lot. four years of long time but you don't have for years. i do think there will be a shift in the approach on day one with the acting head of how they approach regulation. there's been a lot of talk from members of the commission, existing commission about sandboxes and creating environments where the crypto participants can essentially do their business without what they view as here of enforcement or regulation because of the controlled environment. perhaps that will be an idea that bears fruit and manifest itself in a new administration. i do think it's important and a stamp of what i said earlier there's the risk of litigation challenge. that doesn't mean you stand back and not before with an agenda. you got to be aggressive, be thoughtful but a think and this loper bright env

[cheers and applause] sec. hegseth: all praise and glory to god. his will be done and we are grateful to be here. as i said in my hearing, it is jesus and jenny. i would not be here without you, sweetheart. thank you so much. i want to thank the president of the united states, our commander in chief, donald trump. we could not have a better commander-in-chief to -- then him. it is an honorable lifetime, sir , to serve under you and i look forward to having the backs of our troops in executing peace through strength and putting america first and in rebuilding our military. mr. vice president, thank you for breaking the tie. [laughter] it is not the last time or the first time the headline reads -- junior enlisted marine bails out junior army officer. [laughter] some people were saying, 50-50, that is too tight. and the senator was nice enough to take my wife and kids up to the gallery to watch the actual moment that the vice president sealed the deal. and they came running in and said, dad, instead of being sad about 51--- 51-50, it was -- dad, you

. >> >>> tom, we will switch gears now, the sec filing a lawsuit against elon musk.efore he purchased the company back in 2022 and changed its name on the east coast. good morning. >> the sec filed a suit against elon musk, alleging he violated the securities law by failing to disclose he acquired a stake in twitter, secrecy that allowed him to buy shares at what sec says, are artificially low prices. before buying twitter for $44 billion in 2022, changing its name to x the following year, must amassed much of its stock, which does acquired disclosure. the sec saying that musk was more than 10 days late in reporting that material information, allowing them to underpay by at least $150 million. musk posted on x last month, the sec, after investigating twitter fraud around twitter disclosures in 2022, issued a settlement demand, pressuring him to agree to a deal, including a fine within 48 hours. his attorney responding in a statement that the sec quote, cannot bring an actual case and that musk has quote, done nothing wrong. the big question is what will happen to the

. >> please welcome the president of united states, a company by sec.ntony blinken. ♪ [hail to the chief playing] [applause] [cheers] [applause] sec. blinken: good afternoon. if i didn't say anything, this would go on for leptin. it is an honor to welcome you back to the state department. one of this administration unit shared a few things with me. you told me something that reminded me that american engagement, american leadership is essential. if we are not engaged, if we're not leaving, you said, someone else is likely going to be doing it and probably not in a way that advances our values. maybe no one is doing get and then were likely to have a vacuum for what bad things. but the other thing you told me, mr. president, was that there's a greater premium than ever before on finding ways to cooperate, to coordinate, to work with other countries if we're going to get done what we need to get done for the american people. and so you instructed me, instructed all of us to get out there, to rebuild, to rejuvenate even to reimagine our lives and partnersh

after sec registration is effective, the investment banker pays the owner. $3 million in exchange for a certain number of shares in the oil drum manufacturing, the investment who sell shares of the common to people at a price which returns his $3 million investment and shows a profit for his services in selling the stock money received from the sale of shares in the builds, a new and better plan which produces more and better oil drums. the people who bought the common owned proportionate share in the corporations plan tools equipped and all of its assets. common stock holders elect the directors of the corporation. directors represent the stockholders and responsible for the way the business is run. directors. the amount of dividends, if any, be paid out of earnings to the stockholders. naturally, when stockholders invest in a business. they hope to receive dividends help pay for nasas duties of life within a few short years, increasing demand for the company's poses. another problem for, our friends. how we fill all the orders. he will have to build more plants and buy more tools to

what is a best buy and the latest on the sec and elon musk. just days before the trump administration takes over. it is wednesday, january 15th, 2025. you are watching "worldwide exchange" right here on cnbc. >>> good morning and thank you for joining us. i'm frank holland and let's get you ready for the trading day ahead. the s&p and the dow on two day win streaks and however the nasdaq as we said on a five day slide. you can see futures are in the green across the board. the s&p up fractionally just about eight points and dow also up fractionally. about seven points. now we want to take a look at the biggest premarket gainers on the s&p 500. again up fractionally. biggest gainers expediters and logistics company up just about 4% right now followed by tyson foods up 2% and globe life inc. the finalist in the top five right here also up just about 2%. speaking of gainers, this is a story we've talked a lot about right here on "worldwide exchange." quantum stocks a massive tuesday rally. still well off the recent highs and let's take a look at

the sec says that musk underpaid at least $150 million for additional shares he purchased.he agency went to court last year to try to compel musk to testify in the probe. it is unclear if the lawsuit will continue under the trump administration. the chair of the sec plans to step down on inauguration day. >> more layoffs are coming for workers at facebook and instagram. parent meta. according to an internal memo from ceo mark zuckerberg, meta will soon layoff more low performers across the company. zuckerberg says he's decided to raise the bar on performance management and move out low performers faster. now, the exact number of job cuts is unclear. however, according to bloomberg, managers at meta have been told that about 5% of employees will be let go starting february 10th. >> one of president elect donald trump's most controversial cabinet nominees endured both friendly and hostile questioning as his confirmation process got underway today. >> as fox's jennifer griffin reports, prospective pentagon chief pete hegseth defended both his personal and professional resumes.

so in order to like hold our meetings and take action we need to have at least half of the sec there.and since we don't have a supervisor who could pay full attention to the ways we operate, we are unable to hold meetings with the whole sec and because of that we've had to compensate and do meetings online which is an option we preferably don't want to resort to. however, despite our minimal time we're still working on our annual youth summit. so in short the student advisory council the sec holds an annual summit where they invite leaders across the district to enhance their leadership skills and meet students of different backgrounds. and we also hold our student delegate debate their so like candidates can give a speech and present their endeavors for the following school year and in order to make this possible with the time we have the cabinet and sec representatives and alternatives have been working to connect with students speakers and local nonprofit organizations to prepare for the curation of this event and we currently have a working date as mentioned since we don't have as