sec. psaki: within 53 days, were able to get to over 95% of its staff vaccinated. we saw jetblue, alaska and american airlines step up with their own requirements. these actions represent a significant share of our nation air travel. i wanted to note that the usda announcement today, sec. vilsack spoke about our efforts to address competition a few weeks ago. talked about how the pandemic revealed vulnerabilities in our food system, including a consolidation in processing capacity. , leading to the increase in prices as people go to the grocery store and try to buy other products to feed their families. we know farmers are losing money. consumers are paying more. we need more competition, and we can do that i helping small and midsized farmers. the more processing capacity we have, the more competition there is for farmers. consumers will get fair prices, too. the department of agriculture is announcing the food chain supply guarantee program, using rescue funds to leverage millions in loa

sec. psaki: one of the questions i was asked of -- was about our national security advisor. in those meetings, the saudi arabia meeting was focused on yemen, but he and his team reiterated the imperative of creating conditions to support global economic recovery. included in that is the price of oil. around the world. we are in regular touch with opec. i did not mean to say that we were in touch months ago. we are in regular touch with opec members, since we are not a member. that has been ongoing. reporter: you have said in this room you believe -- is the only way to raise the debt ceiling. the white house has determined minting a trillion dollar coin or invoking the 13th amendment would not solve the problem. sec. psaki: as was reported, none of the options were viable. either they would not be accepted by the federal reserve, the guidance of our treasury secretary, or legal restrictions. we know the only path forward is through congress acting. there is a simple process that could be do

sec. psaki: you should talk to his representative. i'm not yelling. you should talk to his representative, that remains is policy. he has been working to one that down. beyond that, talk to his representative. >> dr. fauci has indicated that in the time -- people should be willing to give up personal civil liberties for the greater good. we are also seeing very disturbing images out of australia? -- does president biden support what the australian government is doing in their country? would he consider similar measures in the united states if covid goes up over the winter? sec. psaki: the president has been pursuing his own policies in the united states leading to at least 80% of covid -- of the population getting at least one shot. we will continue to abide by and conduct her own policies. >> the present acknowledge today [indiscernible] sec. psaki: the president's red lines continue to be that he will not raise taxes for a one making less than $400,000 a year and he wants to give the mid

sec. powell: when we finally got the plan put together, norm and i were satisfied with it, and we briefed the leadership. we went more than we would need. i was not the least bit worried about it. i didn't know how many casualties we would take, but i went and said to president bush, i said, i'll tell you something -- there is no question about how this war is going to turn out. don't worry about it. i don't know how many casualties we will have, but we will beat them. the iraqis have just dug themselves into a little circle. they were just asking us to knock them out, and we did. we got a lot more troops in the region then we needed, 500,000 americans and 200,000 allies. it was a given, and we didn't want to fight a war. the president said, send secretary of state jim bakker over to the iraqis to say, we don't want to do this. we don't want war. we just want you to give that land back to kuwait. by then, we couldn't avoid a war. mr. rubenstein: at the time, there were predictions when the

press sec. psaki: today oecd's agreement shows how american leadership and diplomacy can advance the economic interest of american working families. a global tax of 15% up from 0% today will even the playing field for american workers and taxpayers. president biden, secretary yellen in the administration worked overtime to rally more than 130 countries representing more than 90% of the gdp to ensure profitable corporations pay their fair share and provide governments with resources. the build back better agenda will build on this agreement and eliminate incentives to shift jobs abroad, and ensure multinational corporations pay their fair share here at home. the international agreement has proved the rest of the world agrees corporations can and should do more that lead to help build back better. i know you are looking forward to the week ahead. last item, we talk about serious things, but we have one fun thing today. chris is getting married in a week. [applause] we will not see him for two week

at the sec heard a demand? >> we have. there's hundreds of companies , a majority of the biggest 500 companies volunteer disclosures in the r space and trillions of dollars of assets under management have asked for this so i think this is a place where there's a real comparability that would help both the company and the investors and again, put it out to notice and comment and see what the public says on what do investors really want when they're making these decisions? on climate risk as you say also human capital and we've got a project on cyber risk as well. >> you previously stated the f sec wants proposed rules on climate risk disclosure by the end of the year. do you still feel this is an appropriate timeframe? >> whether it's towards the end of the year or early next year we finish up our economic analysis and take comments from each and every one of our commissioners and i don't want to prejudge voting something out. i have deep respect and i think the commission process is good but in the next handful of months .

has the sec heard our demands? >> we have. there's hundreds of companies of a majority of the biggest 500 companies apparently do volunteer disclosures in the space and trillions of dollars of assets under management as they asked for disclosure so this is a place where there's a real consistency and comparability. thestandardization would help both the companies and the investors . again, i put a notice and comment and see what the public says on what do investors really want when they're making these decisions? on climate risk as you say but also on human capital and we have a project on risk as well. >> you have previously stated that the proposed rule on climate risk disclosure by the end of the year, do you see a bill that this is an appropriate timeframe? >> whether it's towards the end of the year or early next year we see things we want to do to finish up our economic analysis, take comments from each and every one of our commissioners andagain i don't want to prejudge . i think that the commission process is good but

jay clayton was the head of the sec, that brought the case. a guy named bill henman, was the head of corporate finance for the sec, who played a role i guess in the case. you believe that those two gentlemen, who by the way, we've reached out for comment. they say no, they don't want to come on so just so you know, i've tried to get them to give their side of the story. you think that they filed these cases and they have huge conflicts of interest. can you explain some of that? >> sure. here's what you have. you have jay clayton, whose the chairman of the sec, his law firm represents ethererum co- founders and competitors to ripple. bill henman works with semitism ton thatcher and it was a board member of the enterprise ethererum alliance while he was working at the sec he was having private meetings with these ethererum investors and collecting $15 million while working at the sec from the firm that's on the board of the ethererum alliance, after all these private meetings, charlie, he gives a speech that declares ethererum not a security, an

sec. raimondo: it is great to be with you. it will make a huge difference. what the president did today is significant in showing the leadership necessary to have two ports open 24/7 but he also convened at the white house and asked importers to do their part, also committing to working weekends and evenings and putting more people on staff the cargo -- so we can unload the cargo and make space on port. this was not created overnight and will not be fixed overnight but this is a big step forward and we will see relief. judy: people who are close to what the ports to our already sounding skeptical. they are saying not all the terminals at these ports out of the west coast are operating 24/7. they point out truckers are being required to return a certain time -- kind of container to turk -- philip another with other goods. how much of that has been worked out? sec. raimondo: we are working for through alose details. this is within the administration of 24/7 effort. at the ports will go 24/7.

i tell you inside the sec there is that debate right now. liz: there is a mean stock jumping 30% output on the screen, 23% rather. cost is at the moment jumping $3.53 this is one of the preferred names for these guys i would also mention session laws seconds ago we just missed. liz: my guess, audio, video. >> this is my guess i haven't checked with the board say the mean stock crowd is pointing them as a potential sports lease, it does not work we should point out amc is down 40% in recent weeks. liz: what is fascinating. >> the hedge fund closes short. liz: what is fascinating charlie and me the retail investor moved these names. charlie gasparino thank you very much we're coming right back were close to session lows the dow is down 163 points at 34330. stay with us. ♪ (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you

according to the sec. that you are try ig to get enforcement of a subpoena to get more information about these stock trades. >> and doj also investigated this, right, evan? >> reporter: yeah. that's what's unusual. the justice department was investigating this alongside the sec. and that investigation, the justice department investigation closed just days before the change of administration. so just before joe biden takes office. and, you know, from covering theses types of investigations, it's unusual. usually you have both the sec and the justice department wrap up their investigations at the same time. it's not clear why this case is still ongoing. we know, brianna, there is a hearing friday. again, the sec is trying the get enforcement of their subpoena on gerald. they say he's been dodging that subpoena. i should mention that burr and his side have said that he traded stocks based on public information not anything that he circumstantial evidence from his position in congress. >> evan, thank you so mu

can prove its case, yes. >> reporter: the sec can in a way lay the groundwork for whole new laws that can change the industry? >> yeah. and that is one of the paramount consequences of the federal securities laws. >> reporter: the sec has not said if it will investigate the eight complaints it received connected to francis haugen how will you respond to those >> we will answer any questions from regulators we standby the disclosures we made to the sec to date and we are happy to discuss those disclosures. >> and, jake, based on what's in the documents, what do people at facebook think needs to be done to fix this? >> well, lester, it's important to understand these are not journalists. these are not senators these are people inside the company who understand the data better than anyone they say that something fundamental has to change. that the things that make facebook what it is like shares, the way things go viral, all of that may in fact need to be reinvented. >> all right great to have you here tonight. thank you. >>> there is breaking news out of boise, idaho where a deadly shoo

it's the sec whose overstepped its bounds, so it's a big case. obviously, xrp isn't gaining much ground, i think it was negative earlier in the day it's up a little bit right now, but i'll tell you, when you talk to legal experts it's up now, did it pop on the news, i think so. >> it's down a penny. charlie: so, it's an interesting case. listen, there's two cases that the crypto world is looking at. it's the coinbase case, the sec versus coinbase, huge implications for that crypto exchange, and its use of, it was basically starting a product that it stopped and it may introduce it, may litigate, this ripple case is big too because it will, if the sec lose s, its got, gary gensler got his wings cut and then jay clayton, the former sec chair, bill hinman, the former head of corporate finance, this is going to get really messy because they , because the whole notion was that they were holding ripple to a higher standard, or different standard than other major crypto places, including ethererum. ethererum is the second biggest blockchain, so very int

want to stay tuned for this because charlie gasparino has adam aron of amc, i mean, with the whole sec report that is enraging the ape s, you've gotta watch this it is risk on as we kickoff the final hour of trade. investors pumped up by a slew of strong earnings driving them to pound the buy button the s&p and nasdaq looking to notch five straight wins their longest win streak in two months and the dow and the s&p are inching within points of new all-time highs. that meme stock memo is finally out and the founders of the ape crowd says it's insulting, retail investors intelligence. wall street bets reddit room founder is about to join us in a fox business exclusive to fire right back at the sec's report. it's assumption that the apes are vulnerable to gami fication and its rejection of the idea the meme stock crowd did show enough strength in numbers to pull amc and the rest of the meme stock from the press a pus forcing short sellers to cry uncle, the guy who started it all is coming up in just a moment. the price of bitcoin is going absolutely crazy right now driven by the crypto cr

>> press sec. psaki: we will provide you with details as we have them. go ahead and kick us off. >> why is the president going to the hill today and what changed in talks that he has to drive over there and what is the message? >> press sec. psaki: going over there to make the case for his legislative agenda including infrastructure bill and his build back better agenda in the reconciliation package. he wants to speak directly to members, answer questionss and make the case for why we should work together to give the american people more breathing room. >> does he expect to walk out with agreements or vote today on the infrastructure? >> press sec. psaki: i'll not make a prediction, i will leave that to speaker pelosi to determine when she will call a vote. making the case, he believes it is the right time for him to go up there, this is -- these are his proposals and bold ideas. this is his plan he's outlined to rebuild roads, railways and bridges and put people back to work and make childcare, el

sec. vilsack: the reality is, the common causes we ought to be interested to keep people on the land. and to have diversity in agriculture, and i mean in all of its definitions. we need large operations, small operations, midsized operations, organic producers, regular conventional production enterprises. we need farmers of color, we need white farmers, we need everybody to essentially figure out it is in our collective best interest if we have a diverse american agriculture. i have heard this phrase, they now recognize when we have a food secure nation, because we have producers producing this food we consume, that we have a more secure nation from a national security perspective. people need to recognize keeping people on the land making it so people, particularly those distressed, those who are challenged financially, that we figure out ways to help them get the technical assistance and access to programs that will help them, get market access. the pandemic has basically given us a wind

is the basis of her sec filing. >> there were a number of filings before the sec, she's set to testify before congress tomorrow. in terms of providing the documents to the media, is that generally what would you also advise a client to do to make sure that this information gets out? how important and how wise is that part of what we're seeing? >> well, it's risky to do it for sure. when you reveal information to government agencies, the sec, congress, that's generally protected. when you go to the press, when you give "the wall street journal" thousands of documents, that's a little riskier, but sometimes it's necessary. because a whistle employeer is trying to expose serious wrongdoing in the hopes that change can be affected. and if you go to the sec or sometimes even to congress, you're not assured that information will get out. sometimes the media is the best way to to this and often is a necessary step for whistle-blowers. >> we saw that in the trump administration, concerns that, following the internal process could be quashed by outside partisans. are whistle-blower laws written

professor and current sec chair gary gensler. these meetings occurred right before the ripple suit was filed and gensler was anti-ripple at the time and i asked brad about this and here's what he had to say. >> i believe very strongly that we will get to a good place here , i think it's clear that on capitol hill, they are paying more attention to this , frankly partly because of your reporting , and i think that also is good for the whole industry. if we get into some of your gensler also has called out hey we need more clarity by saying we need legislation but he's saying it's clear there's a contradiction there. i think it looks like chill is leaning in a little bit now, which is -- charlie: really you think there's movement? that an uber regulator? >> we're just right clarifying laws. charlie: interesting. >> you're seeing more senators, more representatives understand there's a real issue hearing from their constituents it's a real issue. the effort for xrp holders against the sec now is apparently 45,000 -- charlie: the law

what the sec is now doing with the whistle-blower's claims. we're talking about that after the break. we're talking about that after the break. a same-day repair. and with their insurance, it was no cost to them. >> woman: really? >> tech: that's service the way you need it. >> singers: ♪ safelite repair, safelite replace. ♪ >>> more now on the facebook saga that's been playing out over the last 72 hours with lawmakerers today now pushing back against mark zuckerberg's latest defense and a new reminder that might be a warning from the sec in the middle of calls for an investigation by that commission and by the ftc. on our earlier right here, senator richard blumenthal poking holes in mark zuckerberg's very lengthy, detailed response to the facebook whistle-blower's testimony yesterday. watch. >> he has thrown these vague terms, saying they're already transparent. false. that they want regulation. well, in the abstract, maybe, but facebook spends millions of dollars to hire armies of lobbyists, to put ads in these papers opposing real regu

charlie: there's some interesting stuff going on at the sec liz. usually, you don't see it progressive like gary gensler in the cross-hairs of the union but the sec does have a union. it covers staff attorneys. everybody but his sort of direct staff is part of the union, and from what we understand, they are starting to pushback significantly on his vast agenda , and what the staff is telling people, and they're communicating this to everybody on wall street, as they also start looking for jobs that's another thing at work here. large numbers of sec staff attorneys are out looking for jobs because they don't like at least that's what they are telling people at the big firms, the jpmorgan, goldman sachs, hedge funds they don't like the non-stop working environment at the sec under gensler. gensler has a very ambitious agenda, he's not prioritizing any of this stuff, and they are working around the clock to create rules on esg, spacs, market structure, of course crypto, what we've been talking about, and that payment for order flow stuff that robinho

will the sec push back? charlie gasparino's been way out in front of this story, new details. >> yeah, i don't -- congress. this will be up to congress theoretically, right? congress could pass the law that would create a new regulatory agency. and we should point out there is some support inside the sec for this. hester peirce is probably for this. she's come out with similar stuff where she said, listen, we need to stop regulating the crypto business through enforcement actions by the sec, we also need a safe harbor, a timeout to make sure that -- so we can, you know, catch our breath, have congress weigh in and pirg if out what's going on -- figure out what's going on here because the sort of willy-nilly enforcement going after ripple, essentially crushing the -- liz: well, coinbase was annoyed because they couldn't get an answer on their lending, the interest. >> well, they did get an answer. if you do this, we're going to sue you. ripple got sued over the use of xrp to build out its platform. ripple poi

sec. walsh: it is about the pandemic. this is a worldwide issue with the participation rate in the workforce. clearly people are concerned about go to variant and concerned about their health, and a lot of people are reevaluating their work-life balance and changing their careers. alix: joining us is elise gould, economic policy institute senior economist. what gets that up? elise: i think the truth is, as he stated, we are still in the middle of a pandemic. we saw a fivefold increase in caseloads between july and august. that expand a lot of that slow we saw in august that many people didn't expect. think the pandemic is playing a much larger role there. we saw it continue to rise into early september, and the reference week we are looking at in today's jobs report was about the same in terms of caseloads as it was in august, so people are concerned, and rightly so, concerned about their health and maybe not coming back in yet. guy: i want to ask the question asked at the top of the show. where have all the women gone? t

there is a belief the sec is going to be tougher on these issues and get something done. i think that is maybe why we are increasingly sensitive to the story like the one we saw this morning that the sec might greenlight something connected to bitcoin. that would be seen as a big positive through this administration. tom: it would be. we are getting ready for the weekend and into the real earnings season coming up after the banks. matt mainly's chief markets -- matt maley's chief market strategist and joins us now. i original -- i religiously use what are kleinman moving averages. there is no time on a friday to go into the math. do you use the 50 and the 200 day moving average and you believe in the death or the birth cross? matt: i do watch those moving averages very closely. the death cross and the golden cross, those are a little bit different because they work for some assets and not so well for others so i tend to look back in the past. the 50 day moving average, there is no question that until september that was rocksolid support all year long and bounced off many

tell me where you stand with your move in the sec because yours be the very first that would actually reflect, track the bitcoin itself. >> well this is a really important topic, so for a lot of investors, there's certainly been no shortage of enthusiasm or excitement in gaming exposure to bitcoin, and you know, you mentioned our flagship fund grey scale bitcoin trust, g btc at the top of the segment. that's now the world's largest bitcoin investment vehicle and that's evidence that investors are looking for that exposure through an investment product structure that they know well, so our view of the world has been very very encouraged seeing our regulators green light futures-based etf's but there are some inherent challenges when it comes to the futures. there are costs to investors like rolls between one contract and the next expiry and investors are starting to really drill into that and we think it is a move in the right direction , but ultimately the popularity in that direct exposure that could come from converting gbtc into an etf, we really think that is the important final m

interesting they will prove a futures but not appear play bitcoin etf, gary gensler in the sec feels more comfortable because they already have the cme futures on the stock pricing there's a lot of framework they need to build play bitcoin etf protecting against hackers, volatility the have to protect against fraud is an easier sale to say we're bitcoin futures anyway so when a bundle that as a first step to approve a bitcoin etf in the future. neil: there a lot of marketing muscle and momentum we've been miserable for does anyone think it's getting ahead of itself. >> 624 - 60000 record also the statistic, 17% away from bitcoin being the same value as silver and silver has been around since the turn-of-the-century 200 years bitcoin 2008 this is the world that we live in a new generation younger driven retail investing world that were him. neil: hello from the other side. >> do you actually sing her new song. >> it looks a little weird. neil: it's already unsettling, thank you very much gary has been unsettled by many things over the years i know his fixation with adele is a capper o

we'll talk about what comes next with former sec chair. we'll be right back. flush ♪ ♪ ♪ ♪ thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. paola needs a parachute. so, salesforce customer 360 unites your marketing, sales, commerce, service, and it teams around her. so they can deliver a great experience from anywhere. ♪ (whistle) ♪ feel stuck with your finances? ♪ ♪ move your money to sofi. earn up to $930 when you download the app and feel what it's like to get your money right. >>> the first bitcoin connected etf ends up yesterday. looking at the gamifcation of trading. join

debate on capitol hill right now and it affects you, joining me now is the former economist for the sec, the securities and exchange commission. she now serves as co-president of alliance partners. that was a lot. tell me what i got wrong or missed. >> well, i think you got everything right. if we can go back one moment. i love the way you described speaking about the debt ceiling. it's so easy to make this ab tract. at the end of the day i find fascinating, at least in the back of my head, there is not this mysterious concept the government is congress. congress controls how much we spendp they have the authority. they control how much we earn as you said taxation.

>> we haven't even uttered the word payment for overflow and the chance that may get changed by the sec which is looking at this and that threatens the business model of this company guy? >> not only threatens it we talk about facebook's ex-ten shal risk. i never thought there was anything innovative about the company other than the name. we are learning that now one of the points i will make again is if the market says they are worth this, wonderful. but no way that the nasdaq should be a $33 billion company. my sense is it is wrong on both sides. nasdaq should be higher which has been happening and robinhood should be lower which in my opinion will begin to happen >> what extrapolation do we make do we make any to coin base, other sort of related exchange or marketplace trades, tim >> i think apples and oranges to nasdaq to the extent there has been high correlation to crypto i think it makes sense to compare it to coin base. you have a demographic that's similar. the 51 million in crypto related revenues is up nine fold year over year is impressive. i know for a growth company it's d

>> there's a number of things that were disclosed to the sec. first, documents that she had collected that was provided to the sec as well as to congress. we also provided a series of disclosures articulaing some of the underlying concerns. you have probably seen in the article about the cross check program and technical elements in terms of how they were running algorithms or allowing people who are in positions of -- who are high profile to effectively engage in behavior without any consequences. then we also provided an explanation as to how those algorithms and how the system was being run that adversely impacted individuals personally, like teenagers and teen mental health. we also discuss and describe how the platform has impacted society as a whole, democracies. in fact, so far as having an impact as to a genocide in myanmar. we are talking about things brought to light about the information that the company knew, when it knew it and the fact that they knew that there were -- there was an ability to mitigate these problems. >> as you coul

sec. blinken: they spoke on the phone a few weeks ago and had a productive conversation covering a lot of issues. whether they will have occasion to get together in the months ahead, we will see. they are likely to participate in some fashion in the g20 meeting. they had a productive conversation and we will continue the work they set out stop francine: with seen incursions of chinese planes in taiwan. is there a redline you think president xi will not cross? does he understand a redline or are tensions high? sec. blinken: the actions we have seen by china are provocative and potentially destabilizing. what i hope is these actions will cease because there is always the possibility of miscalculation, of miscommunication. that is dangerous. in the past we have managed to handle the issues surrounding taiwan in a way that is sustained stability. provocative actions go in the wrong direction and it is very important that no one take any unilateral actions to change the status quo by force. we

>> particularly with the sec, the claims are that -- [ inaudible ]. i'll give it a go. okay. so with the sec, the claims here are that all this internal research that this whistle-blower has provided, it conflicts with its public remarks. so while facebook is standing by their statements and said that they're ready to answer any questions that regulators might have, there is a chance that the sec will be formally investigating these charges. and, you know, whether that investigation will lead to legislation or regulation, that's still unclear. but it would be another drop in the bucket of public and congressional support to do something about facebook's unchecked power. >> and where does this all lead, based on your reporting? >> well, it definitely is true, i think brandy has it exactly right, there is some possibility here of some regulatory oversight. it's also really important that the securities and exchange commission is involved, not least because of their investigative power, the interest that congress will have in looking at them, but because it affords whistle-blowe

i don't know that the sec polices these kinds of statements. that's not usually the kind of enforcement action that the sec takes. when it comes to inspiring the january 6th riots or helping authoritarian governments in myanmar and elsewhere, that's not something that the laws really address at this point. that's why i think the real threat to facebook here is congress changing the law. and there is some movement in that direction, but those laws have not changed yet, and i think, you know, facebook faces reputational damage, it faces criticism. but i don't see major legal problems coming out of this at least not yet. >> and brian, you had one top facebook official on your show yesterday for an extensive interview on this point of contention, but an important moment in regard to facebook's role if any leading up to the january 6th insurrection. i want to play what nick klegg told you. >> i think it would be too easy surely to suggest that with a tweak to an algorithm somehow all the disfiguring polarization in u.s. politics would evaporate. i t

given what the sec is reporting its public facing filings? about what they found, about what he did? stay tuned. like i said this is kind of a nuts news day. in new york state, former democratic new york governor, andrew cuomo is now facing a criminal charge in addition to being forced to resigned the governorship following a state investigation that concluded that he sexually harassed nearly a dozen women while he was governor. now, this is a misdemeanor complaint, he is accused of forcible touching. i say it's a misdemeanor complaint but don't think that means it's a minor thing. this carries a potential sentence of a year in prison. there's been some confusion as to how exactly the charge was filed, they have been -- which is covered this case white on rice from the very beginning. they reported that the charge may have been filed prematurely. that the county sheriff's office had not actually intended to move forward with this charge until next week, but somebody at the city court in albany, jumped the gun. don't really know what that woul

what will do well the sec sanctioning, the regulation is in place. we're feeling more comfortable about bitcoin. we've gone from cool, interesting fad to early adopters and we're now in the general acceptance phase. jackie: you make a good point. one of the headwinds going into the cryptocurrency space is regulations. they haven't really come through. >> it's a good point. china, interest rates, elon musk, they haven't even dampened what is going on with bitcoin in general and cryptos and so having this finely approved, saying shunned by the sec. there are four other ones coming, valkyrie, van eck, proshares, one has very interesting stock symbol. we won't talk about that too much. we're seeing interesting sec approvals. this is going on in canada quite some time. but not anything new. having the u.s. government, having sec play a role will definitely lift bitcoin prices that means over time individual investors use bitcoin assets. strategy companies as they do get to funds, portfolios, see the rise in bitcoin price. as much as $80,000 by the end of

it's also the sec. do we have any sense of what they're looking for inside facebook? >> well, they take up the eight letters frances haugen sent them, they'll be looking for the discrepancy between what facebook has said publicly and what it reports to itself internally. and if there is a big and specific difference there, then the argument is investors have been misled, because they didn't know what facebook knew about themselves. this is america, after all. investment is part of what we really care about. so it's only there they wind up getting in trouble. let's say that does happen. the big deal there is not only can they hit the company with a big fine. they can, in fact, under their powers, do all sorts of rules making. they could, in fact, mandate that the company has to turn over this kind of data to outside independent researchers or they could go after individual executives. so-called insiders. go after something like mark zuckerberg himself personally. that could be definitely where the rubber hits the road. unfortunately, or however you look at it, it's not

the sec is allowed the first bitcoin etf's to trade. it would be a watershed moment for the cryptocurrency. let's bring and mark ran field. mrk -- mark cranfield. this is something bitcoin bulls want. what does this mean for the market? mark: well, we already have a large bitcoin etf, as well, but this completes the sweep by having fts on the futures market. you're offering a wide range of contracts, a wide range of bitcoin trading you can do, futures contract which are pretty liquid. there's already one large etf, but now you will have another one based on an increasingly larger futures market, not just bitcoin. we also have futures, as well. so, all of this is going to generate more volume, more interest, also a recognition that institution ore cryptocurrencies have made their place in the wider market space, really a recognition that they're not going to go away. they're here, part of the landscapes and these instruments are going to be around, part of what most portfolios are going to have to take seriously. it's been taken as a ver

joining me now former sec attorney. lisa, you know, all week ken griffin lied, trending on social media. might have broken some sort of record there. citadel securities in the meantime broke their silence with a series of tweets that i personally don't think helped their cause. you've had a chance to look at it. what are your thoughts? >> thanks, charles. yeah, it's pretty amazing when you see big sophisticated company like citadel respond to this kind of criticism. i mean, honestly, they stopped listening to their lawyers and started listening to their pr folks. the tweets don't really help. i absolutely a degree with you -- agree with you. lots of stuff that they are saying is, you know, vintage back from january, february of this year. it does not reflect the new information that just came out. so a little puzzling. >> charles: yeah. you know, i mean, and citadel securities. there's citadel the hedge fund. you know there's a lot of ways you can technically say no we didn't speak to them because another entity did. th

in a conversation, he praises the sec chair for taking a closer look. plus, what he has to say about payment for order flow. the foundation of citadel's relationship with robinhood later this hour. and, the wait for the new apple watch is over. a release date has been set after the company was hit with a delight due to supply chain issues. we will have all the details. all of that in a moment, but first u.s. stocks started the week with a big plans. facebook with some added drama. let's get to ed ludlow for the full picture. lots to get through here. ed: the big story is facebook, biggest decline on the nasdaq, the stock trading at its lowest level since june. the whistleblower comes out and says the company prioritizes profits over safety, then you have outages. it is resonating throughout social media stocks including twitter, pinterest, snap. it's interesting those stocks tend to be more volatile. in terms of how that manifested in the broader markets, especially equity markets, the s&p 500 down by more than 1%. the nasdaq 100 very tech heavy, down 2

sec. blinken: we have had a few good meetings, including with my counterpart and president macron. we are focused on moving forward. i think we both see an opportunity to deepen our cooperation and consultations and coordination in a series of areas, everything from two atlantic security and the indo pacific. francine: do you have concerns that european strategic autonomy could undermine nato? sec. blinken: the idea that europe increases its defense capacity and security capacity is a good one. it is in our interest, provided it is company three two nato, and there is no -- provided it is complementary to nato. we want to see our partners have the capacity to engage to deal with common challenges, and again, if it is done in a way that is complementary to the alliance, it is something we support. francine: how should the west and europe deal with putin given these high energy prices? sec. blinken: the high energy prices reinforce the need for a transition to new forms of energy, particular

vonnie: the sec has debunked some conspiracy theories surrounding the trading. a new report analyzes retail traders taking on wall street. they said several market dynamics warrant closer scrutiny to ensure selling and payments to order flow. it does not offer specific policy recommendations. india is nearing a milestone of one billion vaccine doses. however, the gap is widening between people fully inoculated. bloomberg data shows 20% of india's population is double does. 51% had a single job. they point to a mix of factors for the lopsided statistics, including less urgency giving falling case numbers. carrie lam is in the hospital after suffering a minor right elbow fracture. a vigil said she fell at her governments house on monday night. i am will remain in hospital. the chief secretary will act as leader. an executive council meeting scheduled for tuesday has been counseled. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn, this is bloomberg. haidi

the sec voted to cancel the licenses, saying the ownership raises security and law enforcement concerns. the commission plan -- pledged to do this in the name of security. the sec is fast tracking security reviews of china unicom and calm that -- calm that -- china has released its roadmap for capping emissions before 2030. days before the summit in glasgow. they provide some detail on how beijing holds its promise of being carbon neutral by 2060. it offers plans for things ranging from hydropower to construction and oil refining. president biden has pledged to provide southeast asia with more than $100 million in funding to fight the pandemic and that climate crisis. he made the announcement at a virtual meeting of leaders where he sought to bolster types to the region. it's the first time since 2017 that a u.s. president has taken part in this meeting. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am annabelle droulers. this is bloomberg. yvonne: still ahead on bloomberg markets asia, we