sheila bair says the collapse shows a critical need for crypto regulation. elon musk new twitter reinstating former controversial accounts. form levi strauss has quite a story after she was fired for speaking out on the platform. inflation forcing shoppers to choose between chicken and turkey. can you imagine? butterball ceo is here to break down changing habits this thanksgiving. all of that coming up on can "cavuto: coast to coast." first, bob iger stunning return to disney. disney shares spiking on the news. let's talk to jonathan hoenig and nick cast wealth management ceo, david nicholas. good to see you, gentlemen. what shocking news we got, unless we were up late last night. so, david, what happens to disney now? chapek, i assume i'm pronouncing his name right. he really did reorganize the country. created a new disney media entertainment division. will bob iger undo what chapek did? >> there is some damage to be undone. there is a pr disaster that disney experienced this year. if you separate the stock performance, it has been a bad year overall, righ

sheila bair is on the board of paxos which has a stable coin.o of you. >> thank you happy to be here. >> to regulation prevented this from happening, seeing that ftx was basically an off shore entity. >> right first of all, i'm expressing personal views here. i'm not representing companies, i may be affiliated with i think regulation could have prevented a lot of this. especially the misuse of customer funds this is why we have regulation people complain about regulation but at the end of the day, you need it to protect consumers and financial stability and you need it to protect creditors an investors. it is completely, you know, flying freely without any kind of meaningful regulatory oversight. but there were other problems. you didn't have an independent board or risk controls and there were a lot of things that were standard for responsible run companies whether you're regulated or not that they just didn't have. but it is amazing to me that this guy could have the kindof credibility he did in washington and nobody looking behind the curtain

joining us now is sheila bair.tor of paxos, a block chain company it's been awhile. >> thanks for having me. >> happy holidays. we're hearing that everybody is in their corners as you can imagine, depending on whether you have skin in the game on what all of this means, people are trying to say, well, there's crypto and it's the same as the internet back in the late '90s there was pets.com and there was amazon and they're a far cry from each other and the underlying asset itself still has value. but then you have -- this was written today, "wall street journal," the eventually price of crypto's final price could be zero senator warren i thinks that much greater government oversight is necessary if we had done that to the internet back then, there were calls for that when that collapsed in '99, that wouldn't have been the right move back then either. where are you on this? >> so i do think that senator warren has acknowledged that there may be potential good uses of the technology. i've always differentiated the ass

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