RUSH TRANSCRIPT I do ░░░░░░░░ that these three necessary ░░░░░░░░ for raising the target ░░░░░░░░ for the funds rate ░░░░░░░░ have been met by ░░░░░░░░ end 2022 Liz with ░░░░░░░░ Fed possibly ready to ░░░░░░░░ interest rates next year ░░░░░░░░ sec and treasury bearing ░░░░░░░░ are their next moves ░░░░░░░░ to raise or ruin ░░░░░░░░ bull market run Let ░░░░░░░░ get to our floor ░░░░░░░░ traders David Trainer and ░░░░░░░░ weisberg David buyer beware ░░░░░░░░ regulators who are looking ░░░░░░░░ keep busy Robinhood maybe ░░░░░░░░ up but Gary Gensler ░░░░░░░░ indicated he s really ░░░░░░░░ to look closely at ░░░░░░░░ it makes its revenue ░░░░░░░░ How closely must investors ░░░░░░░░ look at possible regulation ░░░░░░░░ I mean payment for ░░░░░░░░ flow is kind of ░░░░░░░░ unfair practice right They ░░░░░░░░ your orders and before ░░░░░░░░ execute them they give ░░░░░░░░ off to other traders ░░░░░░░░ s nothing really about ░░░░░░░░ that sounds fair or ░░░░░░░░ fair and look even ░░░░░░░░ regulators don t do ░░░░░░░░ I think robinhood is ░░░░░░░░ to see a lot ░░░░░░░░ competition from firms who ░░░░░░░░ proactively telling investors they ░░░░░░░░ t participate in payment ░░░░░░░░ order flow as a ░░░░░░░░ of differentiating themselves and ░░░░░░░░ a more ethical service ░░░░░░░░ investors Liz yeah what ░░░░░░░░ the broader market though ░░░░░░░░ now you have Richard ░░░░░░░░ saying interest rates should ░░░░░░░░ higher quite frankly I ░░░░░░░░ agree We have a ░░░░░░░░ strong economy at this ░░░░░░░░ We re no longer ░░░░░░░░ a 0 to 25 ░░░░░░░░ interest rate level and ░░░░░░░░ the way overnight you ░░░░░░░░ Germany s bonds the ░░░░░░░░ market every single part ░░░░░░░░ that yield curve is ░░░░░░░░ negative That s frightening ░░░░░░░░ government bond lowered the ░░░░░░░░ year below zero so ░░░░░░░░ is worrisome is it ░░░░░░░░ Yeah it s definitely ░░░░░░░░ I think it shows ░░░░░░░░ that the U S ░░░░░░░░ go lower Does it ░░░░░░░░ sense from an economic ░░░░░░░░ that it should go ░░░░░░░░ Probably not No but ░░░░░░░░ you can throw out ░░░░░░░░ economics Liz many years ░░░░░░░░ so it s hard ░░░░░░░░ predict what this fed ░░░░░░░░ going to do I ░░░░░░░░ like its become more ░░░░░░░░ a political issue and ░░░░░░░░ don t think any ░░░░░░░░ or regulator nominated by ░░░░░░░░ politician wants to do ░░░░░░░░ that could possibly go ░░░░░░░░ a bull market and ░░░░░░░░ them to lose votes ░░░░░░░░ So I don t ░░░░░░░░ this matters so much ░░░░░░░░ economics as it does ░░░░░░░░ politics Liz Ted it ░░░░░░░░ not look like the ░░░░░░░░ is too shakey at ░░░░░░░░ in fact it s ░░░░░░░░ one major index in ░░░░░░░░ green right now so ░░░░░░░░ leads me to wonder ░░░░░░░░ that sort of growth ░░░░░░░░ back and the value ░░░░░░░░ takes the back seat ░░░░░░░░ the moment Well Liz ░░░░░░░░ think for the moment ░░░░░░░░ That s the obvious ░░░░░░░░ it s the Covid ░░░░░░░░ reappearing then we re ░░░░░░░░ to go right back ░░░░░░░░ the trade that s ░░░░░░░░ the market out of ░░░░░░░░ doldrums of March and ░░░░░░░░ of 2020 and it ░░░░░░░░ a tech sector because ░░░░░░░░ s when the earnings ░░░░░░░░ They were the big ░░░░░░░░ of the whole Covid ░░░░░░░░ in 2020 but I ░░░░░░░░ the bigger issue is ░░░░░░░░ comments about the vice ░░░░░░░░ of the Fed and ░░░░░░░░ rates and Yellen s ░░░░░░░░ and about gary began ░░░░░░░░ s comments I don ░░░░░░░░ know how they affect ░░░░░░░░ economy The fact is ░░░░░░░░ if you are going ░░░░░░░░ try to regulate the ░░░░░░░░ crypto area it just ░░░░░░░░ credibility to that sector ░░░░░░░░ m not quite sure ░░░░░░░░ understand that because I ░░░░░░░░ not a believer but ░░░░░░░░ he s adding credibility ░░░░░░░░ it s good for ░░░░░░░░ and good for Bitcoin ░░░░░░░░ far as the Fed ░░░░░░░░ I m not sure ░░░░░░░░ know what s going ░░░░░░░░ happen next week so ░░░░░░░░ the markets viewpoint the ░░░░░░░░ about interest rates going ░░░░░░░░ at the end of ░░░░░░░░ or early 2023 I ░░░░░░░░ agree with you that ░░░░░░░░ interest rates are probably ░░░░░░░░ the cards but that ░░░░░░░░ way too far off ░░░░░░░░ get too nervous about ░░░░░░░░ right now and for ░░░░░░░░ moment the Fed is ░░░░░░░░ simply trapped between huge ░░░░░░░░ zero interest rates they ░░░░░░░░ in a box and ░░░░░░░░ think as long as ░░░░░░░░ stay in that box ░░░░░░░░ markets will be okay ░░░░░░░░ as far as our ░░░░░░░░ Janet Yellen you know ░░░░░░░░ used to be chairman ░░░░░░░░ the Fed She should ░░░░░░░░ better I think she ░░░░░░░░ been politicized and she ░░░░░░░░ basically wearing her political ░░░░░░░░ not her former fed ░░░░░░░░ hat in terms of ░░░░░░░░ she views the economy ░░░░░░░░ any additional stimulus Liz ░░░░░░░░ secretaries tend to sometimes ░░░░░░░░ that don t they ░░░░░░░░ David great to have ░░░░░░░░ right now as we ░░░░░░░░ see the dow is ░░░░░░░░ about 279 points We ░░░░░░░░ to get you this ░░░░░░░░ this fox business alert ░░░░░░░░ up It is a ░░░░░░░░ light for the ride ░░░░░░░░ at this hour in ░░░░░░░░ s pop stocks despite ░░░░░░░░ than expected quarterly results ░░░░░░░░ is coming to a hard