THANK YOU VERY MUCH. IT IS LIKE A BARBECUE OUTSIDE. THAT IS WHAT IT SMELLS LIKE. LET'S BRING IN O'LEARY VENTURES CHAIRMAN, KEVIN O'LEARY, OF COURSE "SHARK TANK" STAR, REACTING TO LEGENDARY DIRECTOR OLIVER STONE'S NUCLEAR NOW. YOU INVESTED IN REFINERY. YOU ARE TEAM OIL. YOU ANNOUNCED IN APRIL ON FOX BUSINESS INVESTED WITH PLANS TO BUILD A MASSIVE OIL REFINERY HERE IN THE U.S., YOU ESTIMATE WILL BRING IN HOW MUCH MONEY. >> THE WAY I LOOK AT IT AS SOVEREIGN WEALTH DOES THERE, ARE TRILLIONS OF DOLLARS AVAILABLE FOR 11 TO 15% RETURNS. WE'RE LOOKING FOR INFRASTRUCTURE. WE NEED 20, 30, 40 YEAR RETURNS ON THESE BIG INVESTMENTS. YOU HEARD OLIVER SAY THIS. YOU CAN'T FILL THE GAP WITH RENEWABLES. HE IS RIGHT. EVERYBODY KNOWS THAT WHAT I LIKE THE PRESIDENTIAL HOPEFULS TALKING ABOUT POLICY, ENERGY IS AT THE TOP THREE, ENERGY SECURITY, ENERGY SOVEREIGN, ALL OF THE THINGS, INDEPENDENCE, ALL THE ENERGY POLICY MOMENTUMS IS GOOD FOR ME AS AN INVESTOR, VERY GOOD. IF I WANT TO DEPLOY SAY TWO BILLION DOLLARS IN A NEW REFINERY, YOU CAN MAKE THEM, LIZ, UNDER 50,000 BARRELS A DAY AND NOT EXCEED EPA LIMITS. STATES LIKE NORTH DAKOTA, WEST VIRGINIA, OKLAHOMA, DOWN IN TEXAS NOW, THESE ARE PLACES WHERE SOVEREIGN WEALTH CAN COME IN. WE CAN SYNDICATE THE DEBT, WE GET THE EQUITY AND GET 11 TO 15% IN ALMOST PERPETUITY BECAUSE AMERICA NEEDS ENERGY. I AGREE WITH HIM, IF I COULD GET NUCLEAR POWER PERMITTED WHICH IS REALLY, REALLY HARD THAT WOULD BE A VERY GOOD IDEA. I SAY YOU NEED ALL OF THESE SOURCES. YOU NEED WIND, YOU NEED SOLAR, YOU NEED HYDRO, NEED ALL OF THAT. I SAY WHERE CAN I TAKE MY CAPITAL TO MAKE 11 OR 15%. IT IS IN AMERICA AND AS LONG AS I CAN GET A PERMIT. I'M ENCOURAGED BY HIS MESSAGE. LIZ: THE VERY FIRST NUCLEAR POWER PLANT IN 20 YEARS HERE IN THE U.S. IS COMING ONLINE SOMETIME IN GEORGIA. WE'LL WATCH FOR THAT. WATCH FOR YOUR REFINERY. BOTH ARE HARD TO GET PERMITTED. I NEED TO ASK YOU ABOUT CRYPTO. YOU HAD EXPOSURE TO FTX. NOW THE SEC FILED TWO MAJOR LAWSUITS ONE AGAINST BINANCE AND ONE AGAINST COINBASE. >> I READ ALL THE CHARGES, READ THE BOTH COMPLAINTS. THEY ARE TWO DIFFERENT COMPLAINTS. BINANCE IS REALLY, REALLY SERIOUS. LIZ: COMMINGLING OF INVESTOR FUND. >> DIRECTLY CHARGING THE FOUNDER WHO IS A ENTREPRENEUR WHO CREATED A LAWLESS ENVIRONMENT WHAT THE SEC IS COMPLAINING. THIS THEY HAVE BEEN WAR WITH EACH OTHER OVER THREE YEARS. WHAT I SAID AS ININSTITUTIONAL INVESTOR NOW, TIME TO LAY DOWN THE OLIVE BRANCHES. IT IS CLEAR THE CEO OF COINBASE WHICH MASS LOST 70% OF ITS MARKET CAP SINCE THE IPO, GENSLER IS RAZOR CLEAR WHAT HE WANTS. HE IS BASICALLY SAYING, LET'S TAKE ONE ASSET EVERYBODY KNOWS. HE IS CALLING BITCOIN A SECURITY. HE WANTS TO REGULATE WHERE YOU TRADE IT LIKE A BROKER-DEALER EXCHANGE AND HE HAS NO FLEXIBILITY. NOW ONE OF TWO THINGS SHOULD HAPPEN. IF YOU'RE A SHAREHOLDER, OR A BOARD MEMBER OF COINBASE, I WOULD SWAP LEADERSHIP. I WOULD GET A NEW PERSON TO RUN IT AND TO BACK INTO THE STAFF TO SAY WE GOT TO WORK THIS OUT BECAUSE THE WHOLE INDUSTRY HAS BEEN STYMIED FOR THREE YEARS. WE'LL NEVER GET CAPITAL APPRECIATION UNTIL AN INSTITUTION CAN INVEST. I TALKED TO SOVEREIGN WEALTH, TALKED TO INSTITUTIONS IN THE LAST 48 HOURS, YOU KNOW WHAT THEY SAID? THIS MAKES THIS ASSET CLASS RADIOACTIVE WASTE. WE'RE NOT TOUCHING THIS UNTIL THIS THING IS RESOLVED. HERE IS A COMPANY THAT CAN RESOLVE IT. THEY CLAIM THEY'RE THE LEADERS F THE LEADER OF THAT COMPANY, I'M NOT PULLING ANY PUNCHES IF HE WAS WORKING FOR ME I WOULD FIRE HIM, GET SOMEBODY ELSE. LIZ: TALKING ABOUT THE HEAD OF COINBASE? >> YES. IT IS OVER, SO OVER ALMOST GETTING BORING. GENSLER TOLD HIM COUNTLESS TIMES NO, NO, NO, NO AND NO AND EVERYBODY HEARS IT EXCEPT HIM. MAYBE WHAT YOU DO, YOU THANK HIM FOR HIS GREAT WORK AS PIPE NEAR -- LIZ: YOU'RE SUPPOSED TO DO THAT IF YOU WANT SOMETHING DONE IN WASHINGTON. >> YOU TAKE HIM OUTLINED THE BARN, YOU MAKE THE SWAP. YOU GET A NEW CEO AT COINBASE SAY, LET'S MAKE A DEAL. LOOK AT THIS WAY, WALK IN, OKAY, GENSLER, YOU WIN. LET'S REGULATE, CAN YOU WILL IT A SECURITY. YOU GET TRILLION DOLLARS OF ASSETS FOR ALLOCATION OF 3% WITH SOVEREIGN WEALTH. COULD YOU OPEN THE SPIGOTS. YOU COULD MAKE THE INDUSTRY TAKE OFF TO OWN IT DOMESTICALLY. READ THE TEA LEAVES, READ THE ROOM. LISTEN, READ GENSLER'S LIPS, THE ANSWER IS NO, NO, NO. YOU GOT TO LISTEN TO THAT. YOU CAN'T BEAT HIM. LIZ: UNTIL THAT HAPPENS WHERE IS MUCH EASIER WIN FOR YIELD, FOR INVESTORS WHO ARE WATCHING RIGHT NOW? >> YOU CAN GO TO CANADA, YOU YOU CAN GO TO LONDON, YOU CAN GO TO ZURICH, CAN GO TO ABU DHABI. MOST OF US DON'T WANT TO DO THAT. I MOVED MINE TO CANADA. OSC SECURITIES COMMISSION, OWNED A LICENSE TO BIT BUY, ONE I OWN A PIECE OF, THEY ARE OPERATING UNDER LEGISLATION. THEY ARE VERY RESTRICTED WHAT TOKENS CAN GET ON THE PLATFORM. THAT IS WHAT GENSLER IS SAYING. I WILL APPROVE SOME, LET YOU STAKE, THAT IS INTEREST, CAPITAL GAINS, CAPITAL LOSSES. >> ARE YOU GOING TO WATCH OLIVER STONE'S DOCUMENT, NUCLEAR NOW? >> I AM. I LOVE THE MESSAGE. I LOVE THAT GUY. WALL STREET IS, GREED IS GOOD. I KNOW HOW TO SAY THAT, GREED IS GOOD. LIZ: BUT I LOVE CHARLIE SHEEN'S DAD IN THAT, YOU DON'T JUDGE A MAN BY HIS WALLET. HERE WE GO. [CLOSING BELL RINGS] THE DOW IS CLIMBING JUST UNDER 100 POINTS WE HEAR THE BELLS RING. INDUSTRIALS AND ENERGY PROPELLING THE INDEX.
