Compliance Concerns - Potential unauthorized use of autopen for signing commissions [1][2] - Need to investigate who signed the commissions and whether the autopen was used appropriately [1][2] - Importance of strong authorization and demonstrating competence when using an autopen [1] Operational Risks - Risk of having unauthorized personnel in positions of authority [2] - Concern that not being strict enough could lead to problems [2] - Requirement to verify the signatures on the commissions [2]

>> BUT THIS WEEK THE CFTC LAUNCHED A PILOT PROGRAM THAT ALLOWS BITCOIN, ETHER AND USDC TO BE USED AS COLLATERAL IN THE DERIVATIVES MARKET HERE IN THE U.S. JOINING US RIGHT NOW TO DISCUSS THE PROGRAM, THE FUTURE OF TOKENIZATION, CRYPTO, AND SO MUCH MORE IS CFTC ACTING CHAIRMAN CAROLINE PHAM. GOOD MORNING TO YOU. YOU KNOW, I THINK WE ALL LOOK AT THIS AND IT'S INTERESTING TO FOR CRYPTO NOW TO BCONSIDERED ACTUAL COLLATERAL.HOW DO YOU THINK ABOUT THAT. WHAT DO YOU THINK THE RISKS ARE WHAT YOU THINK THE BENEFITS ...

Um, we're bringing bring in a a guest here that I think has been listening to everything. Dana Peterson is the conference board's uh chief economist. Where do you come down on I don't know.Pick pick your poison uh Dana on on those two gentlemen. They agree on some things, but not on everything. >> Well, I think it's a little bit of everything in terms of the outlook for the economy and concerns about Fed independence and interest rates.Um but you know just talking about today I think the Fed will just go ah ...

And Hasset was on earlier this week, Kevin, >> he understands all this >> and he said we're going to wage increases since in and I think he was implying since inflation never goes negative. So we're locked in. Those Biden increases of 22%.Those are those are locked in. Prices are going to stay higher. >> So we need to grow out of it in terms of income levels to feel like you can afford.>> This is why everyone fears inflation because the effects of of a jump in inflation, >> they never go away. >> They never ...

Welcome back everybody. With AI super PACs projected to spend a hundred million dollars in the 2026 midterm elections, our next guest will weigh in on the future of AI policy on Capitol Hill. Want to welcome Congressman Josh Godheimer of New Jersey.He will co-lead a new House Commission, the House Democratic Commission on AI and the Innovation Economy. And Congressman, welcome. Thanks for being with us today. >> Thanks for having me, Becky.Uh this is just a Democratic committee that's going to be looking at ...

How you doing. >> I'm good. >> Nice to see you.>> GPA weren't in uh percentage terms. So, >> no, they were not. Uh the Fed's decision just hours away.Joining us right now with more on how the central bank's rate path is going to impact the financial sector, Jason Goldberg is Barkley's senior equity analyst. What's your expectation, sir. >> I mean, I think the market's widely expecting a 25 basis point cut out of the Fed, maybe a couple descents either way.Um but certainly the market's pricing in a 25%. >> W ...

It's Rick Santelli. What are the numbers. >> The numbers are our third quarter employment cost index up 8/10en of a percent.That's a smidge lighter than the 9/10 we're expecting. And the last three quarters have been 9/10 from the last quarter 24 the first second quarter this year. And as I said, this is the third quarter.And that would be the lightest going back to wow you have to go back a ways to the second quarter of 2021. It equaled it equal where we were in the third quarter of last year. So it has be ...

Joining us now is Jay Clayton. He is the US attorney for the Southern District of New York and a former chairman of the SEC. I'd like to be able to take the president aside and just explain how to explain it because prices in certain sectors are coming down like energy and he's right about that and that could be that that could filter into other parts of the economy and cause inflation which is really never zero or lower.It can be but that's not good. >> That would be bad. >> That would be bad. That would b ...

Consumer Spending Trends - Overall consumer spending is still growing, but the pace has slowed, increasing by 13% year-over-year in November, down from 24% in October [2][3] - Seasonally adjusted month-over-month consumer spending was flat in November, the first time in five months it didn't grow [3] - Higher-income consumer spending grew by 26%, while lower-income consumer spending grew by 06%, indicating a divergence [4] - Middle-income consumer spending experienced a pullback, going from up 17% to up only 14% [5] Wage Growth Disparities - Higher-income wage growth was up 4% in November, the highest level in four years [6] - Lower-income households also saw wage increases, going from 1% to 14%, but the difference remains significant [6] - The labor market for lower-income individuals is stabilizing rather than declining [7] Labor Market Insights - The number of accounts receiving a paycheck increased by 02% in November, indicating the labor market is expanding, though at a slower pace than in previous months [10][11] - The number of new households receiving unemployment benefits remains relatively consistent with previous months [13] - The labor market is described as being in a "higher low fire environment," but still expanding [13] Inflation Analysis - Growth in holiday spending is driven by more transactions, suggesting inflation is not accelerating in that area [15][16]

Our senior economics reporter Steve Leeman joins us right now from Washington ahead of the Fed decision this week. Steve, you got a lot of news on your plate. >> Yeah.Uh we'll talk about maybe the Fed meeting later, but right now let's talk about this. The Fed chair sweep stakes apparently not a done deal just yet, Becky. The president confirming last night in Air Force One that he and Treasury Secretary Scott Bessett will begin a series of interviews today with candidates to replace Fed Chair Jay Powell.We ...