the sec working from home. while there are a lot of people who deserve a lot of credit i think that you deserve a lot of credit. thanks for all that you've done for the service in the country. up to because chance for you if i could. the first is about companies going public. as we all, know there are fewer of them than there once was. right? computer -- companies delay going public as long as the count seems. it seems that ipos now are more a liquidity event than a couple raising event. we have far fewer capital raising events because we have fewer locally traded companies and -- on the part of the companies that i believe that's not a viable option. so my question for you mister chairman, just a couple of free thoughts if you have them. is there more that we can be doing in congress to create an environment where it is more attractive to go public earlier, so that that is and viable option for growing businesses, and it's a viable investment option? what else can we do to restore more vibrancy to our public m

sec. baker: thank you, talmage. i'm delighted to be with you. talmage: now, since you've been a leader in so many different arenas and we'll be talking about the lawyer as a leader, i think a logical place to start the conversation is how do you define the word "leadership," secretary baker? sec. baker: well, you know, i think it was the great historian james mcgregor burns who said that leadership is a commitment to values, and the perseverance to fight for those values. i think that's a pretty good description of leadership. the toughest part of that formula is the commitment to fight for those values and getting it done. you know, in washington, d.c., even back in the days when i was there, it's easy to kill deals, it's hard to get deals done. it's hard to make deals. and the really difficult part of leadership in my view is the doing. the knowing is really important, but it's not as tough as the doing. talmage: in order to do, obviously, a lawyer-leader has got to be able to persuade.

sec. mcaleenan: i was privileged to serve in career roles under the leadership of both of my co-panelis in trying to operationally implement the architecture they helped to drive of any foreign secretary and addressing threats to aviation. that focus in u.s. customs and border protection is very operationally driven on those foreign threats. by the time i was asked to serve as acting secretary kamala had changed starting -- of course we had the attack in 2011 in norway. in the tragic attacks in charleston -- the church in charleston by dylan a roof. starting in october 2018 at the tree of life synagogue in pennsylvania, going through the christchurch attacks in 2019 in march in new zealand but two more on u.s. ceiling -- on u.s. soil. very tragically in el paso were 22 people were killed at a walmart. internet inspired and encouraged set of lone wolf actors espousing extremist ideology. for me coming into the leadership role in the department of homeland security knowing the fbi always has

sec. mcaleenan: i was privileged to serve in career roles under the leadership of both of my co-panelists in trying to operationally implement the architecture they helped to drive of any foreign secretary and addressing threats to aviation. that focus in u.s. customs and border protection is very operationally driven on those foreign threats. by the time i was asked to serve as acting secretary kamala had changed starting -- of course we had the attack in 2011 in norway. in the tragic attacks in charleston -- the church in charleston by dylan a roof. starting in october 2018 at the tree of life synagogue in pennsylvania, going through the christchurch attacks in 2019 in march in new zealand but two more on u.s. ceiling -- on u.s. soil. very tragically in el paso were 22 people were killed at a walmart. internet inspired and encouraged set of lone wolf actors espousing extremist ideology. for me coming into the leadership role in the department of homeland security knowing the fbi always h

sec. mcaleenan: i was privileged to serve in career roles under the leadership of both of my co-panelists in trying to operationally implement the architecture they helped to drive of any foreign secretary and addressing threats to aviation. that focus in u.s. customs and border protection is very operationally driven on those foreign threats. by the time i was asked to serve as acting secretary, a lot had changed in that picture. of course we had the attack in 2011 in norway. the tragic attacks in charleston at the church in charleston. starting in october 2018 at the tree of life synagogue in pennsylvania, going through the christchurch attacks in 2019 in march in new zealand but two more on u.s. soil. very tragically in el paso were -- where 22 people were killed at a walmart. we saw this internet inspired and encouraged set of lone wolf actors espousing extremist ideology. for me coming into the leadership role in the department of homeland security knowing the fbi always has had the l

sec. bookvar: good morning. thanks so much for having all of us on. it's a great day for democracy. so let's see, i guess i would start out by saying no. so there is nothing left for us to do. we've certified the president -- as with regard to the presidential and vice presidential race, we certified that in pennsylvania, on november 24th, sent everything off to the archivists. yesterday we had the electoral college and carried out the rights of the voters, so we're good in pennsylvania. to your latter question, i think the most important thing for every pennsylvanian, and, frankly, every american to know is that the election officials at the local state and federal level, the folks that are involved in election security, are the most dedicated professionals that you have ever seen in your life. they take every step of this extremely seriously. so i could say in pennsylvania, every voter should know that no voter who has not been determined to be a qualified eligible voter as the -- has th

robinhood is not admitting to or denying the sec findings, but chief legal officer a former sec commissioner who joined the company in may says the settlement, quote, relates to historical practices that don't reflect robinhood today. the start up is on track for an ipo as soon as next year but sources i'm talking to say this sec settlement and the charges from the state of massachusetts just yesterday are not likely to slow down robinhood's momentum 3 million customer accounts and raised more than $1 billion this year alone tyler, back to you >> you know, kate, quick question for those who are maybe a little unfamiliar with the concept of payment for order flow it's been around for years and years and practically, i don't know if i would say everyone does it, but a widespread industry practice. what is it and what's wrong or what can go wrong with it? >> so, like you said, it's perfectly legal now that trades are free and commissions have gone to zero at all the major brokerage firms. this is how these brokerage firms are making money the high-frequency trading firms pay these broken firms

coming up, he has led the sec through the trump administration. we are joined by the chairman, jay clayton, on his legacy and what he has left to do. we are waiting for doordash's ipo. $187 -- now up to $182, coming down a bit. this is bloomberg. ♪ david: this is balance of power on television and radio. i am david westin. jay clayton has been the chairman of the sec for the better part of four years, saw a record number of new regulations with some perhaps still to come, and over $14 billion in monetary awards. as he prepares to leave office later this month, we welcome him back for a look back and look forward perhaps as well. welcome. a little bit of this desist -- the statistics. you will go down as an active chairman of the sec. how does the work with a deregulation?d of jay: if we are not updating our regulations, we are falling behind. so you have to be activist. what we have tried to do is be activist for the benefit of our mainstream investors, really getting mainstream investors cheaper, making better protections, and to the extent tha

remember, the sec, to this date, is the only conference that has not canceled a football game. i mean, that is a testament to planning. it's been hard work, and a lot of work has been put in. they elongated the schedule, moved teams around, done a good job to try to get everybody to play all ten games. >> brad: here is a first down run by williams. najee over on the sideline with the towel, i don't know, i think his hands are cold. at one point we thought maybe he had injured something, but we won't know until after the game. >> gary: he is a veteran, he might put the towel on, just so we would shoot it to see what -- >> brad: just to get a little more airtime. [laughter] another sensational game for him. today. he has gone over a thousand yards rushing, his 145-yard day. >> gary: rushed over 100 yards in each half of this game. spread it out evenly. >> brad: started with najee, worked their way to brian robinson, went to jase mcclellan, now we have roydell williams running, so everybody is getting a taste come including backup quarterback bryce young here in the last minute an

sec. mnuchin: we will now -- sen. crapo: we will now introduce our witnesses. secretary mnuchin, you may proceed. sec. mnuchin: thank you. ranking member brown and members of the discusse i'm pleased to the unprecedented response to support the coronavirus pandemic. we continue to work to implement the historic cares act with speed, efficiency and transparency. our job not be complete until every american gets back to work. when i last testified for you in september, i stated america was in the midst of the fastest economic recovery from any crisis in u.s. history. i'm proud to say while there are still more work to be done, that statement is even more true today. in the third quarter, gdp grew by 33 percent, beating expectations and nearly doubling the previous record set in 1950. americans are getting back to work, the october jobs report showed the economy has got back 12 million jobs since april. more than 50% of all lost jobs due to the pandemic. the private service sector which inclu

sec. azar: thank you for joining us on this proud and happy occasion. i want to express my deep gratitude to dr. collins, dr. fauci, and members of the nih team for their hard work, throughout this pandemic. especially on various elements of operation warp speed. i also want to recognize and thank the staff of the nih clinical center. you have continued to provide care for patients who badly need it during this difficult time and your work is heroic. i myself am a patient of the nih clinical center. i am so pleased to be here for this official kickoff of the vaccine developed by nih, moderna, and other research partners, and i am pleased to be getting this vaccine myself. we have all said it is nothing short of miraculous to have a safe and effective vaccine within one year of a novel virus becoming known. but when we need a medical miracle, we know where to look. we look to the brilliant, dedicated scientists of the nih and we look to passionate, relentless researchers of america's biotech companies. as a member of the hhs family, it fills me with prid

sec. wolf: absolutely, but let me start by saying thank you for taking the time here, thanks, heritage for your partnership. promoting a lot of what the department does and talking about our issues. when we talk about china, we outline this thread very holistically in our homeland threat assessment several months ago, talking about the pervasive nature of the threat. happy to talk about it, any chance we get. question,ly to your when we talk about border security and china and what we see, particularly our southwest border, not only our physical border, but what first comes to mind is not only the tco's and transnational organizations, but opioids we see from china over the last several years so when the first administered -- administration first came in, coming through the u.s. mail, express consignment was a concern. over the last several years, we have really addressed that. we have adjusted our targeting rules, have better intelligence. we've cut down on the amount of opioids and fenta

the way some people. >> you have an opinion on this question. >> in the big ten and sec think we need a little self-awareness. people that are not from those conferences do not care for us. maybe i should not generalize maybe don't care for us in the fall but when we talk about college football. that i am confident of. someone outside of these conferences if they get the question which do you prefer the big ten or sec than the answer is something like this reminds me of world war ii and the battle of stalingrad. who would you rather see you lose? the nazis or the communist. [laughter] and that is a hard question. [laughter] that is the vantage point of the rest of america. now i am not. this is easy. course the big ten. [laughter] the sec, i'm trying to think of apply way to say this but i'm already past being polite come i don't want to say it is johnny-come-lately but the big ten has been doing this for centuries you have been doing this for decades is the way i put it. if you measure it by years you do pretty well i must acknowledge that but we can think of one game against the sec

so that's outside of the united states sec jurisdiction. for exchanges like coin base, one of the reasons i view this as something that's broader than just what does this mean for ripple and xrp, it's what does this mean for the crypto industry in the united states? they say bitcoin and eether and picking winners in general is not something the u.s. government should be in the business of doing. >> you mentioned before that -- go ahead, kate >> sorry, tyler. >> that xrp could really go on without ripple if you guys sold all of your holdings of xrp, that crypto currency would survive would you divest all of your crypto currency holdings and focus on your business is that something ripple could do >> the point i have made at various times is that if ripple the company didn't exist, xrp would still thrive and the global with a couple of hundred exchanges around the world there's over a hundred different projects, innovative entrepreneurs here in the u.s. and around the world building on top of xrp the reason they're doing that is because xrp i

but that's the last nice thing i'm saying about the sec. [laughing] >> you signed a book for me once so i'll make sure to show that to judge prior. >> he won't enjoy that. he won't enjoy that. >> if there are questions please come to the microphone, and i would probably repeat them for the benefit of the camera. if there are no more questions, then we can go ahead and wrap up. are there any questions? >> well, i will ask myself one. i have noticed a bunch of people here from the state court system in state government, that was my introduction to montgomery and alabama was working with the state attorney general's office and getting to know the state courts. one question you might ask is whether justice scalia had any thoughts about one of my hobbyhorses state constitutions, or could ask it a slightly different way. were there areas where justice scalia and justice brennan agreed? justice brennan kind of the leading liberal for decades at the court, and, of course, the flagburning case is one were justice brennan wrote an justice scalia join

sec. azar: what pfizer is telling you is simply inarturate and unately they want to do contract negotiations and the media and think this can pressure us. let me lay out what happened here. back in july, before they had even initiated phase three clinal trials, contracted with pfizer to buy 100 million doses ofaccine sight unseen if it got approved by the fda regardless of efficacy, safety, whatever else, as long as the fda approved it, we agreed to buy it as long as eyould deliver by the end of march. . they refused to commit to any other production or delivery by a time certain. we did a 500 million dose option on top of thate that w could then negotiate and execute against. i'm certainly not going to sign deal with pfizer giving them $10 billion to buy a vaccine 10 years hence.ver to that doesn't make any sense. that's on top of the five other companies we secured 100 million doses from each. in early october, before we saw phase three data, we commence negotiations with pfizer to do on

sec. mnuchin: thank you, mr. chairman. let me first say i want to thank the senate for passing the 0,a.r.e.s. act, which was 96- in an unprecedented response. i lived in the lbj room for over two weeks, so i am very familiar. i personally negotiated many of these provisions. matter of fact, i brought the c.a.r.e.s. act with me because i reference it and keep it next to my desk. mr. chairman, i would just ask you to recall, you and i were sitting outside senator ,chumer's office with his staff after 1:00 a.m. in the morning on the night that we finally finished this, and i asked you to come sign off on behalf of the leader and others the final redlines. so i would direct you to section 4029, which is very clear, which says, "except as provided in subsection b, the authority provided under the subtitle shall terminate." it was very clear. so my decision -- first of all, i want to thank chair powell because he has been a terrific partner in everything we have done, and i really want to thank

sec. ross: first of all, you have the phase one deal, which was announced a while ago that largely deals with commercial side of things, deals with agriculture, deals with manufactured products, deals with energy. that was a very good thing to level the playing field. there remains phase two, which largely has to do with better market access, more respect for intellectual property, that kind of thing that is harder to quantify but at least as important in the overall picture. meanwhile, we have been struggling to combat the rising dilatory threat of china, both industrial espionage -- the rising military threat of china, both industrial espionage, taking technology into china, and most recently we put 134 companies on our list. a very big number. it is very precise. these are the actual subsidiaries of big chinese conglomerates that are part of the military establishment. we call them military end users. prior to that, we had dealt with zte fore of huawei and their violations and for the 5

sec. cohen: thanks so much. as a mentioned in my opening remarks, there is work to do to make sure we are distributing equity -- disturbing vaccines equitably. there is a long-standing history of racial injustice that is built into our medical system. we need to make sure we are proactively trying to overcome that from the beginning. as we look at our early data, i would caution everyone to recognize that is a weeks worth of data at this point. i think there is definitely work to do to make sure we are getting that equitable distribution. that is why we are working areely with partners that community-based organizations from marginalized populations and other leaders from the community who represent communities to make sure they are getting good information about the vaccine so they can make informed decisions for them and their family. we want to make sure folks know that this vaccine is safe. it has been tested in clinical trials. it is 95% effective. you cannot get covid from the vaccine itself. there is only

sec. mnuchin: let me just say, i don't think they should be let out from conservatorship without appropriate capital. there's obviously differ and opportunities to accumulate capital and raise capital. this is one of the areas that i will continue to try to work with this committee and others. i think there should be housing reform. i think that the appropriate scenario is for these two have real capital, and ultimately them to be released. sen. rounds: thank you, sir. chairman powell, the federal reserve is the largest investor in mortgage securities. would you share your thoughts about the impact to the housing market if an end to conservatorship were to occur prior to the time when pandemic impact has been eased? chair powell: i would just echo the secretary's point that i like towould certainly the housing finance sector and system standing on its own two feet, with a lot of private capital behind it. thatthink it is something time needs to be taken on, and i would applaud the new capi

almost a 2 years ago from now the sec is ations appeared in the press and on the behalf of the united states russian hackers even not only in the tutorial russian for the russian but also somewhere in some exotic islands where hacking us a governmental institutions are going to zation i don't think that there is a special purpose for russian government to hack. american government computer systems even with the latest that cutting edge and software and i don't think that the sec is ations actually true because. this isn't me a politics actually this is a just to press on russia because russia actually is on the sanctions and this is really a process off of the new cold war when the 2 parties actually are accusing each other all in shooting into one bonds all the enjoying the affair so i don't think the sec is asian actually took out the last story shot a really taking place judy in the past few years the u.s. government has been tens of billions of dollars on cyber offensive abilities i mean it's astounding that this attack was able to go undetected as long as it as long as it did isn

accusing each other all in shooting into one bonds all the enjoying the affair so i don't think the sec is asian actually took out the last story shot a really taking place jodi in the past few years the u.s. government has spent tens of billions of dollars on cyber offensive abilities i mean it's astounding that this attack was able to go undetected as long as it as long as it did isn't. it's a very very sophisticated attack and so that certainly one of the reasons that it's indicated as a nation state attack it was highly sophisticated once the malware into the system it set dormant for a couple of weeks it had the capabilities it was at the core access of the. operations because it was network monitoring software therefore it could turn off settings turn on settings create credential it could do a lot of think it was storing some of its act data some of its activities inside the actual software files so it was less likely to be detected so it operated in quite a high stealth mode and also in a way that was very difficult to detect and it will be difficult to eradicate carrying her jo

almost a 2 years ago from now the sec is ations appeared in the press and on the behalf of the united states that russian hackers even not only cine tutorial russian for the russian but also somewhere in some exotic islands where hacking us a governmental institutions are going to zation i don't think that there is a special purpose for russian government to hack american government a computer systems even with the latest cutting edge and software and i don't think that the sec is ations actually true because. this isn't me a politics actually this is a just to press on russia because russia actually is on the sanctions and this is really a process off the new cold war when the 2 parties actually are accusing each other all in shooting into one bonds all the enjoying the affair so i don't think the sec is asian actually took out the last story shot a really taking place judy in the past few years the u.s. government has been tens of billions of dollars on cyber offensive abilities i mean it's astounding that this attack was able to go undetected as long as it as long as it did isn't.

sec. albright: i am. i am seeing you in the corner. that is my question. polarized,vided, sitting at home in the pandemic country of ours, how much can be have a coherent foreign policy, and what does the new team needed to do -- need to do to create a consensus in this country where one has not existed in the last three years? thank you. sec. albright: it is perfect to be with you in this setting. your new book is terrific and i look forward to using it in my class in georgetown in terms of showing what a great secretary of state can do. someone frankly he was able to understand domestic and foreign policy given his background. i do think that it is very important for the united states at this time to have a coherent foreign policy. we have been operating in a completely incoherent foreign policy, where the united states or has it been absent really seen foreign policy as a transactional way of badgering those who compete with us, and seeing it as very transactional. i do think that we ha

are accusing each other all intruding into one bonds all the enjoying the affair so i don't think the sec is asian actually took out the last story shot a really taking place judy in the past few years the u.s. government has been tens of billions of dollars on cyber offensive abilities i mean it's astounding that this attack was able to go undetected as long as it as long as it did isn't. it's a very very sophisticated attack and so that certainly one of the reasons that it's indicated as a nation state attack it was highly sophisticated once the malware into the system it set dormant for a couple of weeks it had the capabilities it was at the core access of the. operations because it was network monitoring software therefore it could turn off settings turn on settings create credential it could do a lot of think it was storing some of its act data some of its activities inside the actual software files so it was less likely to be detected so it operated in quite a high stealth mode and also in a way that was very difficult to detect and it will be difficult to eradicate carrying her jod

sec, disclosure is one of the main tools used. investors need information to be able to price risk and allocate capital efficiently and more and more, they are driving capital toward sustainable aleutians -- solutions. take shape, icy expect we will see more of a drive toward sustainable solutions. if that occurs, there will be a greater premium on information and careful collaboration among financial regulators and other international regulators to ensure the shift can occur. that requires cooperation with regulators and all of that to say i'm really glad to be here with all of you today and i look forward to hearing from you and working with you on these issues. : director bloomberg, please go ahead. i thank you very much and would like to thank the center for american progress for inviting me to participate in today's program. like to join the others in addressing the impact of climate change on financial stability. they've all made significant contributions already. historically, which have viewed financial crises as systemic

sec. mnuchin: again, let me first comment on -- and in all due respect, i believe i am following the law. section 4029 makes very clear on december 31, 2020, that the authority provided under new loans, guarantees, or other investments shall terminate. rep. waters: thank you very much. i am going to reclaim my time. deep agree, mr. powell -- do you agree, muster powell? sec. mnuchin: let me just continue. the transfer of funds is not up to me. when funds come back -- rep. waters: reclaiming my time. i need to have an answer from mr. powell. do you agree with secretary mnuchin? chair powell: the secretary has sole authority over the c.a.r.e.s. act funding. the fed is not involved in that. his reading of the law, thus, is the authoritative one, and we would accept it. sec. mnuchin: i would also to say if i was political he motivated, i would not have been said -- i would not have extended the core facilities that were non-c.a.r.e.s. act facilities. had i been trying to be political -- rep. w

but to think of one game against the sec team that went well. [laughter] >> there a way to put it i should remember that i am a guest. but i did hear a lot of ohio state coaches saying i'm a very big ohio state fan it can make a difference if i'm happy or sad on sunday a very big of noxious fan. i watched a lot the last couple decades they started have to do things they are doing so that is a complement but that's the last thing i'm saying about the sec. >> you wrote. >> he will not enjoy that. [laughter] >> if there are questions, come to the microphone, i will probably repeat them for the benefit of the camera. if there are no more questions then we can go ahead and wrap up. any questions. >> i will ask myself on. i noticed a bunch of people here from the state court system and state government that was my introduction to break away and to get to know the state courts did scalia have any thoughts about my hobby for state constitutional to ask in a slightly different way with her areas where justice scalia and justice brennan and agreed? he had

sec. card: what you said is very important, and it happens to be real. yes, there are some people who have the tools necessary to support a campaign, but don't have the tools necessary to help govern. and so, you have to manage expectations of the people who worked on the campaign and want to come work at the white house in a particular job, and that's the tough decisions that ron clayne will have to make that i hope the president-elect has told, ron, these are the people i want to be around me that i can see regularly. these are some people i want to be around me, but i don't want to see him that often, and these are the people i don't want around me. and then, ron can take that and and then, ron can take that and build a team. but i actually feel very strongly that the president should empower this chief of staff, so that the chief of staff is managing the team, the president is not expected to. and i had this rule that any time someone who is appointed by the president, it's a big deal,

sec. ross: the chinese commitment, for example, to purchase agriculture is huge. i believe it will turn out that this past year that just ended will be the largest ever cultural purchase year that china has never had from the u.s. that is a very good thing because our farmers have been hurting. we've puthough, tariffs on what a lot of goods coming from china. the major reason for that is to still have some trading room so that if we do get the kinds of concessions that are needed for these bigger issues that we have something to give them potentially in exchange. i think it was a wood very well balanced use of tariffs, pulling off tariffs on some and in a reciprocal way as they lowered their tariff and nontariff trade barriers to us believing some in reserve so that we can get the rest of the way. because we must solve the technology problem and we must solve the industrial espionage. we must solve the stealing of secrets in various ways and we must solve their efforts to become the domina

let's see if he can listen in for a sec. [inaudible conversations] [background sounds] [cheers and applause] >> [inaudible] al might few god -- at the end of an incredibly difficult year, we stop for a moment to focus on the joy of america's game. [inaudible] we see the light, feel the wind -- [inaudible] strive with all their might to win. but soon in the days ahead they will be deployed to a new battle -- [inaudible] how thankful we are for your devotion displayed by the players on the field -- [inaudible] we as a nation -- [inaudible] that we as a nation, even as we strive -- [inaudible] only through our discipline and only through our sacrificial service to others -- [inaudible] so, lord, bless this day, bless this game and, lord, god bless america. amen. [cheers and applause] >> and now, please remain standing for the -- [inaudible] [inaudible conversations] >> -- and united states naval academy. ♪ o say can you see by the dawn's early light -- ♪ what so proudly we hailed at the twilight's last gleaming. ♪ whose b

throughout his career, he has been an active supporter of sec. and being a platinum donor. -- father he supports the chestnut tree house, children's hospital. sponsors are mike freeze and markswoman. >> like to thank all the team for the support over the years i'd also like to thank my wife and my children james alex emily and catherine for all their support over the years. and finally, i'd like to thank mark freeze -- good evening. >> a live backwards elaboration is normally sold out. this year with the help of our friends at c-span, or able to devise and stream the induction of the class of 2020. so everyone can join in on the fun. >> it's very true. dave and our organization so thankful and honored to collaborate with c-span on this induction celebration. >> he spent created by the cable industry as a gift to the american people. thanks to the support of so many cable tv pioneers that c-span has thrived. many have served on c-span border directors, others committed to had -- with three television networks, radio station streaming video and lar

sec. sudders: no. appeared and we have allocated 116,000 of them and 3900 -- all but 3900 have been allocated. so, yes. yesterday, today, and tomorrow. feeling good about that. i wonder if you could explain the reasoning -- [indiscernible] think at the end of the day, our view is based on the data we saw. you get down below 30%, and you start having a significant impact on infection rates generally. for many businesses, the pure closure of the operation requires shutting all kinds of things down that are then hard to start up again at some point later on. and as the lieutenant governor said, this is deemed to be a temporary move to deal with a very particular and very specific issue associated with what would be the typical approach that most people would take to that period between christmas and new year's. and we will see where the data is and what it says with respect to whether it goes longer than this. but i think this is a much more appropriate way to deal with it than to just lock everything dow

the clayton sec, trump sec probably won't approve it, just punt it. the biden sec will approve it, likely approve it, that is my read speaking with people but this thing will get some scrutiny before that happens because if you read the document, not saying the press release, read the exact document which i'm three quarters of the way through, not exactly easy reading there, neil, you find some very fascinating, somewhat hypocritical things on this, in this proposal which basically says that you have to, essentially have to have a diverse board of one or two members of minority groups, women, lbgtq, and then there is a matrix. if you don't meet those qualifications after you disclosing it, the nasdaq could delist you. so i went through this and then i spoke with some people at the nasdaq. fascinating that nasdaq does not reveal in either the press release or proposal itself, the vast majority of listed companies, number on saying, background is 3/4 would fail the diversity test. you would assume that nasdaq is running sort of a sexist operation becaus

sec. roberts: go ahead, governor. number 300,000e is not necessarily those at the highest risk. what we are doing is having the medical organizations identify those who are at the highest risk. these are people who do intimations, who work routinely with covid positive patients, so that term has been a little bit misunderstood in that regard. sec. roberts: the other piece i will add is that these initial doses, the 62,000 you mentioned, is going to reach over -- around 40 facilities in 29 counties. one pharmacy serving long-term care facilities across the state, two tribal nations, and one urban indian health facility. that is the initial doses. getashington continues to additional allocations from the center for disease control, a vaccine over the next several weeks, we will continue to be able to add more organizations and more counties receiving the vaccine. gov. inslee: we do want to make sure people understand in the real world, just because you work in a health care setting at this m

coming up, robinhood's relationship with the sec has been a rocky one. about every year, we set out to do one thing: help the world believe in holiday magic. and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing. wannit's timeight and for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. emily: robinhood is agreed to pay $65 million to settle allegations by the sec. the sec accusing the broker of failing to inform clients it sold their stock orders to high-frequency traders a

coming up, robinhood's relationship with the sec has been a rocky one. about the $65 million settlement next. this is bloomberg. ♪ >> emily: robinhood is agreed to pay $65 million to settle allegations by the sec. the sec accusing the broker of failing to inform clients it sold their stock orders to high-frequency traders and other financial forms -- firms. robinhood agreeing to have an outside consultant to make sure he provides the best consultation for trade. bitcoin rallying 20% this week. we continue to cover the rapid rise of the cryptocurrency as the week continues. we have the managing partner at ggg capital who just hit six ipo's last week with which's debut on wednesday. this is bloomberg. ♪ emily: welcome back to bloomberg emily: welcome back to bloomberg technology. i am emily chang. a hot market for tech ipo's as doordash, airbnb, wish, and upstart all the viewing. wish's parent company context logic debuted with a less than stellar opening day. the bargain retailer has since made up some of those losses climbing over 11% during trade to

so we have seen a bitcoin etf filed for, and they will see if the sec will approve that this year. romaine: if i counted the number of companies who submitted papers to them on this, i would run out of fingers and toes. why will they have a better go at this than other companies? claire: that is very true. so many files have filed for a bitcoin etf and have been turned down. they might be betting that a change in fcc leadership could help their cause. the chairman stepping down, combined with good coin's growing adoption on wall street, have seen a lot more institutional players be interested in it and high-profile money managers support bitcoin, so there may be better odds this time on negative opportunities on it, as will. greg: it feels like this year they got more legitimacy because it does have a history of boom and bust. people who have played in the space before felt burned by it. and then the same time the wall street money managers made old predictions on where it would head, and it feels a little more bona fide these days. claire: definitely. it has caught the attention o

sec. roberts: go ahead, governor. gov. inslee: the number 300,000 isn't necessarily those at the highest risk. what we are doing is having the medical organizations identify those who are at the highest risk. these are people who do intubation's, who work routinely with covid positive patients, so that term has been a little bit misunderstood in that regard. sec. roberts: the other piece i will add is that these initial doses, the 62,000 you mentioned, is going to reach around 40 facilities in 29 counties. one pharmacy serving long-term care facilities across the state, two tribal nations, and one urban indian health facility. so that is just the initial doses. as washington continues to get additional allocations from the center for disease control, a vaccine over the next several weeks, we will continue to be able to add more organizations and more counties receiving the vaccine. gov. inslee: we do want to make sure people understand in the real world, just because you work in a health c

sec. mnuchin: let me first comment on -- all due respect, i believe i am following the law. clear, on29 makes december 1, 2020, that the authority provided under new loans, guarantees, or other investments shall terminate. rep. waters: thank you very much. i will reclaim my time. do you agree, mr. powell? sec. mnuchin: let me continue. the transfer of the funds is not up to me. when funds come back, they go into -- rep. waters: reclaiming my time. i need an answer from mr. powell. do you agree with mr. mnuchin? chair powell: the secretary has sole authority. his reading of the law is the authoritative one and we accept it. sec. mnuchin: if i was politically motivated, i would not have extended the four facilities in deference to the fed's view that were non-cares act facilities. if i had been trying to be political -- rep. waters: my time is expired. i recognize the ranking member mr. mchenry for five minutes. secretary mnuchin, let me give you a moment to answer. it sounded like there are

to know this is what i'm holding up here for people to say have you spoken directly with the fda or sec >> well, the fda has been approached on a number of occasions but they usually just give out a canned response i wrote to several chief figures within the fda in conjunction with my earlier report about the problem with the jet flex because i wanted them to take a look at it and if it dangerous to take it off the market. right now these guys have 50% of the market which means any u.s. person that gets a stroke right now is likely to be treated with this device, which can kill and can brain injure people. so fda, they've been notified. i instructed my lawyers to wrote a letter, which we made public, by the way as far as the sec, the process is again, we filed a report, included our litigation, everything is evidence we had three sets of lawyers go through the evidence and go through my allegations the company has to say whatever they can say i was actually expecting them to produce this guy whose name probably does not even exist and shows up as the author on all of their research pape