The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers rooms, washington, d. C. May 23, 2024. I hereby appoint the honorable Celeste Malloy to act as speaker pro tempore on this day, signed, mike johnson, speaker of the house of representatives. The speaker pro tempore the player will be loved by offered by chaplain kibben. Chaplain kibben would you pray with me. Eternal god, we pray to you as wepter this memorial day weekend. That you would bless our efforts to honor our fallen heroes. In the fanfare of parades and picnics, barbecues and summers beginning, may we take time to recall the countless sacrifices that were made to defend our freedoms and uphold our liberty. These noble men and women have stood firm. In the face of wars, alarms, and up against the anguish of adversity they would not be moved. May they rest knowing that they gave themselves fully to the work you, o lord, set before them to a
Good monday morning. Welcome to squawk alley here with me at post 9, michelle carusocabrera, mike santoli carl and sara have the morning off. First up, bitcoin open for trading yesterday on an exchange run by the cboe. Heavy traffic causing outages on the cboe website, while the exchange also halted trading temporarily due to extreme volatility what to expect from Bitcoin Futures after what a wild week for that Digital Currency. A lot of people thought once this opened up were going to see it fall because people would be shorting it, but thats not stopped the rise it hasnt happened, but its only been a few hours, so lets see what happens take a look where we are, its important to point out were trading at a nice premium to the underlying spot price here 18,000 now over that cash price is 16,700, its been fluctuating, but you have a good 1,200 premium or so this is whats called the cost of money, the carry, thats tying up money for a month, so its usually a bit of a premium. Whether tha
And joel, we will start in the finance section. We have to talk about the markets because we all started off the week with a crazy stock market. Joel it has been a wild week. Backdrop here really starts last friday with the jobs report. Markets come back on monday and there happens to be a new fed chair. That backdrop is a really interesting thing that ends with this major selloff on monday. Right . And then on tuesday, it goes the other way. I think everybody has been a little whiplashed by that. A bigger conversation nine years into this epic bull market. A lot of Retail Investors have only ever seen green and this is their first time seeing red. Carol a lot of millennials, right . Joel the youngs. And its so easy to trade now. If you think about what it was like nine years ago to where it is at now, you can do this on the smartphone with a touch of a button and that is a free thing, right . A free transaction. That builds in really bad behavior. Thats part of what we read about this
Carol we are here with the editor in chief joel weber. And joel, we will start in the finance section. We have to talk about the markets because we all started off the week with a crazy stock market. Joel it has been a wild week. Backdrop here really starts last friday with the jobs report. Markets come back on monday and there happens to be a new fed chair. That backdrop is a really interesting thing that ends with this major selloff on monday. Right . And then on tuesday, it goes the other way. I think everybody has been a little whiplashed by that. A bigger conversation nine years into this epic bull market. A lot of Retail Investors have only ever seen green and this is their first time seeing red. Carol a lot of millennials, right . Joel the youngs. And its so easy to trade now. If you think about what it was like nine years ago to where it is at now, you can do this on the smartphone with a touch of a button and that is a free thing, right . A free transaction. That builds in rea
The finance section markets. We have to talk about the , markets because we all started off the week with a crazy stock market. Joel it has been a wild week. Backdrop here, it really starts last friday with the jobs report. And so the markets come back on monday and there happens to be a new fed chair. That backdrop is a really interesting thing that ends with this major selloff on monday. And then on tuesday, it goes the other way. I think everybody has been a little whipsawed by that. A bigger conversation here, nine years into this epic bull market. A lot of Retail Investors have only ever seen green and this is their first time seeing red. Carol a lot of millennials, right . Joel the youngs. It is so easy to trade now. Andit is so easy to trade now. If you think about what it was like even nine years ago to where it is at now, you can do this on the smartphone with a touch of a button, right, and that is a free thing that is a , free transaction. That builds in really bad behavior.