That's money starts right now.

Live in the Nasak market site

overlooking New York City's Times Square.

I'm Melissa Lee.

Our traders on the desk are Tim Seymour.

Karen Feinerman, Steve Graso and Guyadami.

Tonight on Fast, it's crypto stock mania. It seems like any company that mentions

the word blockchain heads to the moon, but many are just crypto scams. We're naming names

with the former SEC chairman for Harvey Pitt and we've got the

Bitcoin bug fired up for tonight as it's been sinking for the second day in a

row. You don't need to check coin base. We got it right there on the left side of

your screen. Plus check out shares of Nike Volatile in the After Hours

earning, after our session on its earnings report.

The conference call is underway as we speak.

We'll bring you the latest headlines.

But first, we start off with breaking news on alphabet, the parent company of Google, so let's get to Josh

Lipton for all the details. Josh. Melissa, yeah, just some big breaking news

here on Alphabet, which is just now announcing that as of its next regular board meeting next month

Eric Schmidt will be transitioning Eric Schmidt is going to be stepping down

from his position as alphabet's executive chairman instead becoming what is described here as a technical advisor to the company.

Importantly, he will continue to serve on the board, Schmitz saying here in a statement,

Melissa, in recent years I've been spending a lot of my time

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