trend. come get another shot. you need a closer shot? >> we can do it. >> all right, thank you. >> all right. thanks for making the trip. see you tomorrow. >> bye. >> "america's newsroom" starts right now. ♪ >> bill: pretty good finish. good morning. 9:00 here in new york. crypto catastrophe coming home to roost. a legal reckoning arriving for the founder of ftx, sam bankman-fried. good morning everybody. i'm bill hemmer. welcome to our program today. i think it's a fantastic great-looking new outfit. >> dana: that's a great answer by you. you finally noticed. i'm dana perino and this is "america's newsroom." this news all happening overnight. sam bankman-fried was supposed

to testified before the house financial services committee this morning. that appearance has been canceled after authorities arrested him at the home you see right there in the bahamas. >> bill: that arrest was in response to the u.s. filing criminal charges against bankman-fried. frustrating for lawmakers. they were getting ready to grill him on how much his company squandered and leaving investors hanging out to dry. >> dana: lawmakers could get answers from the new ceo. he is still appearing before the committee. >> bill: we get our first look at a civil complaint by the sec, wire fraud, securities fraud and money laundering. keep in mind this is separate from the criminal indictment which will be unsealed this morning. >> dana: amidst all of this bankman-fried has been on a media tour defending his leadership at the world's second largest crypto firm. this is what he said yesterday. >> i did bear ultimate

responsibility for like making sure that we did the right things as a company. i had a massive failure there. no matter what. like i did have ultimate responsibility in the sense i was ultimately responsible for the company doing the right things. >> dana: we're very fortunate. kelly o'grady is here. she is usually in los angeles but you are here with us today. this news broke while you were in flight yesterday. >> what a way to find out at 30,000 feet in the air to come here to join you guys. this is quite a shocker. the story is developing by the hour. here is what you need to know. i want to dive into the sec charges. the complaint alleges that sam bankman-fried orchestrated a scheme to defraud investors. giving the funds to alameda and making lavish real estate purchases and large political

donations. sec chair. sbf met with. ftx operated behind -- it highlights the real risk that crypto asset trading posts can pose for customers alike. regulators will seek to use this in their case for regulation. the sec filing says additional charges have been filed by the u.s. attorneys office for the southern district of new york. that being what prompted his arrest by the police in bahamas last night. we expect the indictment to be unsealed this morning but we confirmed that the charges include wire fraud, securities fraud and money laundering. legal experts are sharing if he is indicted on a number of these charges he could face life in prison without the prospect of release. he is not coming back yet, though. a lot of questions are swirling about the prospect of

extradition. bahama authorities are conducting their own investigation but as such a time a request for extradition is made they plan to promise is promptly and the treaty obligations with the united states. a lot of frustrated folks in washington, of course. also frustration on how long these charges took. this is my hot take. this actually came quickly. forensics accountants have had to rebuild essentially from scratch. they didn't have books, they didn't have records. what i've been hearing is the speed of these charges means that they have cooperating witnesses and there are rumors that caroline ellison was in new york recently. the ceo of alameda. >> bill: questions about the timing and why it happened last night on the eve of the appearance before congress. is there an answer yet? >> there is no answer. there are rumors that perhaps they didn't want him to go forth before congress and talk about these political donations but also a question of if the

bahamian authorities were going to file charges, maybe that would have impacted the extradition if they had filed charges that were higher than what we're going to see here. the u.s. government wanted to get them in ahead of time possibly. >> bill: let's bring in andy mccarthy. the charges were filed in the southern district of new york. your piece is curious timing of sam bankman-fried arrest and lee zeldin who ran for governor. house republicans were ready to grill him. now sbf was just arrested. why not allow him to testify first and answer the many questions under oath? where do you come down on this, andy? >> bill, if you are the justice department, you are a prosecutor on this case and the prospect of a potential fraud defendant who goes in front of congress under oath to make hours of testimony, a lot of it probably elicited by

hostile question there is nothing you would want more than that. any defense lawyer on the planet would tell a defendant to take the fifth and not give the government any information until you see what charges they have and get a look at the discovery and the witnesses and see how strong the case is. you know, it's very curious that the justice department would file on the eve of that kind of an opportunity to get the defendant on record under oath. >> dana: kelly had a theory. kind of rang true to me a little bit. perhaps the bah hamians would go forward they are mad because he was doing this on their soil and they were about to charge him. would that have complicated extradition? >> it will be complicated anyway. there are a number of countries that are involved in this. i can understand what the theory is, but if you had the opportunity -- it would help the

bahamian case if you could get this guy under oath for hours. i just don't see the benefit or whatever benefit there would be in terms of positioning on the extradition, i don't see that outweighing it getting him under oath. >> dana: the difference between what the sec is doing and the other criminal complaint as well. >> ordinarily in these big swindle cases, the sec works in conjunction with the justice department, with the justice department and often the f.b.i. and other agencies. and what happens is there is kind of a dual enforcement track. the criminal proceeding which will be done by the indictment that we're waiting for that will be under seal and then a civil complaint that the sec files because they are entitled to all kinds of civil relief under federal law. you would anticipate that the indictment will be an echo of what the sec has already done because they've been working

together and it would be a problem if they were contradictory. that won't happen. >> bill: back with you next hour, andy. we'll hear from the acting ceo and he has got some bombs to drop about just how much money was lost and how little accounting this was for that. that's coming up from washington. thank you for that. >> dana: joining us now is congressman. when you first heard the news, what did you think about him being arrested overnight? >> i was surprised at first. i share maxine water's concern. we're disappointed. it is very curious as your last guest said. i don't understand why the justice department wouldn't want him on record today and possibly tomorrow in a senate hearing spilling his guts. as we saw over the last few weeks he was willing to go on

media and talk about just about everything. we felt confident he would do that today and perhaps shed more light on what has taken place. i really don't understand why justice department would not want that testimony today. it's very frustrating. >> bill: you will ask john wray, the new guy in charge. he is going to say some amazing things about this whole ordeal including this. he said the ftx groups collapse is because of absolute control in the hands of a small group of grossly inexperienced who failed to implement controls necessary for a cohen trusted with other people's money or assets. that's apparent now when you consider the money is gone and now you have to ask yourself why the system did not support those who had invested in it. >> i think it's also important to know whatever regulation you think may or may not should have taken place, the laws on the

books since the ten commandments have said you don't take people's money without permission. he stole money to fund a lavish lifestyle and prop up his house of cards and interesting in the months to come through the bankruptcy proceedings he used it to funnel quite a bit of donations to politicians in washington. this is not like taking a donation from a racist like west and saying i'll donate it to charity. he took stolen money. if you are a politician that took money, i think you should plan to work with the bankruptcy court. i understand they will be doing some unprecedented requests for that money back. we should make as many people whole as possible moving forward. what he has done is wrong and i think it's important that politicians in washington, no matter what side of the aisle you're on, send a message we don't support this and we're working to make an effort to make these folks whole. >> dana: that would be my next question for those who did lose money, maybe not the big

companies. the individuals who lost money, can you offer them any seeds of hope that they would be able to get their money back? >> you know, i'm not going to make any promises but i will promise to do all i can to uncover what happened. if there is any way for any of these especially the mom and pop investors that have lost considerable sums if there is any way for them to be made wholly think we should do that if here in washington on the financial services committee and across congress. especially those who took stolen money, stolen funds that perhaps you did not knowingly accept as them being stolen but if you took money from them you need to return it. we need to make as many whole as we can and it is incumbent upon us all. >> bill: thank you for your time. we'll see what happens in 50 minutes time from washington. the hearing will happen and we can watch it and the new ceo will be there. you have a house hearing today and senate hearing tomorrow. how many questions would he have

been willing to answer? probably a lot based on interviews. he is not shy. >> dana: he wouldn't have been allowed to play video games while answering questions before congress. >> bill: the mass exodus on the ny nypd. why so many cops are leaving the beat and what it means for a city already facing the crime crisis today. >> dana: musk letting out more tweets. not a peep from the mainstream media news networks. joe concha on that. >> bill: the migrant surge is so out of control they are being mass released on the streets of a texas border town as we speak and our cameras are there to catch it. >> we look at this as a terrible error and failure of policy. this is not a failure of biden policy. this is a successful biden policy because they want an open border.

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>> bill: crisis at the southern border keeps spiraling out of patrol. mass releasing migrants onto the streets of el paso, texas. only expected to get worse in eight days when title 42 restrictions end. don't know how much worse it could get. bill melugin live from la joya, texas. we begin another day. hello. >> good morning. that's exactly right. as a result of that huge migrant caravan that crossed illegally into el paso sunday night border patrol mass released to el paso city streets. look at this late last night on 1 single street corner we found dozens of these migrants released from federal custody standing around and camping out

and sleeping on the street in the cold. border patrol completely overwhelmed. getting more than 2,000 illegal crossings every day. normally when they mass release people they drop them at a shelter or ngo. they are forced to release them to el paso city streets. as you can see these people have nowhere to go. dhs secretary mayorkas will meet with cbp. if he strolls aruined the city he will seat it. brownsville, texas, once again fox news cameras witness the repeated mass release of several hundred migrants from federal custody at a parking garage in downtown brownsville. we watched over and over as border patrol bused in these migrants, dropping them off by the hundreds at this parking garage. they then walk across the street to a local ngo who gives them travel paperwork and free to fly or bus around the country wherever they want. border patrol sources telling me this has been happening at this parking garage for over a year

now. they are sometimes doing up to ten bus loads a day. just goes to show a clear-cut example of the add minis ministration's catch and release policy. then look at this mexican city across from brownsville where thousands of migrants are waiting and camping out. they're waiting for the dropping of title 42 which expires in eight days. our cameras going over there finding people walking around and standing on the city streets and camping in public parks. hundreds and thousands of them waiting for title 42 to drop to cross into the united states. they believe that is going to be their chance. back out here live, that situation is happening all along the southern border. mexican border cities, wherever you go, there are migrants camped out waiting for eight days from now. we'll send it back to you. >> bill: bill melugin in texas. thanks. >> dana: let's bring in the lieutenant governor of texas dan

patrick to get your perspective, this is the chief of border patrol yesterday. in the past 48 hours 16,000 encounters, 97 million in narcotics. firearms, gang members, two murdereders, one injurey to a child. border patrol agents are doing their job. they don't have the backup in washington and you as a state official don't have what you need from the federal government. whose responsibility it is to deal with the border. >> yes, dana, good morning. i'm working on our budgets now. we go into session in early january. i'm putting billions of dollars back from the senate side back into the budget. we've already spent billions of our texas taxpayer dollars to do the job the biden administration is not doing. we're doing all we can trying to stop drugs, criminals, terrorists. just trying to secure the border the best we can. they're not. it is not the border patrol's fault.

they are doing all they can. they work for a president who i don't believe -- i don't use this word lightly. i don't throw out words to get attention. it's an impeachable offense. under the constitution, the government paid for organization that you can read online it says an impeachable offense, let me read it correctly. if you conduct your office in a manner that is incompatible and the purpose and function of your office. no founder who wrote the constitution ever believed there would be a president who would do something like this. what is this? it's allow our country to be invaded. not an invading army with guns except the coyotes who carry them. invading army of millions of immigrants who will come here illegally. about 2 1/2 million last year, 2 million before that. by the time biden is out of office in four years he will have at least 4 million to 6 million apprehended plus another 5 million that we don't catch. another 2 million that are seen but not caught. so you are talking about

millions of people allowed to come into this country. that's not the duty of a president of the united states to allow our state of texas to be invaded or this country to be invaded. the drugs flowing into our country, thousands and thousands die of fentanyl. we have crime in our streets. our -- >> bill: it's all wrong. it's all wrong. >> officials are overrun. it is awful. >> bill: nothing you are saying is good news. >> terrible news. >> bill: put the question about title 42 ending and what comes after that. the question from rich and the answer from jake sullivan. >> title 42 is expiring. do you see a national security -- are there national security concerns over the title 42 expiration? >> the team has been working very hard to insure that we are taking steps to be able to manage the expiration of title 42 and put in place a process that is orderly and humane and we can protect our national security concerns. >> bill: i'm not sure what that

means. there is nothing in there about border security or stopping the current flow, sir. >> no, no. it is a joke. we're going to do the best we can. biden said he had more important things to do in arizona. mayokas should be impeached by the congress coming in. we are being invaded. i've said it for years and seeing it now. mexico, get this bill and dana, they are now busing people to the border. now, we've bused 300 buses of thousands of people from texas to other places. but the government of mexico has admitted they are busing thousands of people to the border and dropping them off at our border. when trump was president, mexico was helping us secure the border. this administration has turned their back on america. i can't underscore how important this is to every state in the country, to every school district and emergency room and police force and sheriff. unfortunately fox is the only one really covering this event. people talk about the mid-term

elections, how did they wind up where they did in part because the rest of the media ignores this problem. now they are ignoring everything we are finding out on twitter. so this is an issue that only you are covering and america better wake up. this administration is purposefully letting millions of people come in and overrun this country. this president has a cold heart. ice in his veins, he doesn't go to the border he has to admit he sees them. if i'm not there it's not happening. of course he knows what's going on. we have people dying of fentanyl, people dying in the streets. this is destroying our country. this is incompatible with the function of his office as president of the united states. an impeachable offense in my view and enough is enough. >> bill: we're watching this video screen here from our drone that i believe is probably at bill melugin's location where we were just reporting.

eagle pass, bill was at a different place. dana, this is sun up yet again maybe 20 migrants there under the bridge and who knows how many more could come. >> dana: the day just getting started. thank you so much. >> bill: 26 past. new economic numbers out an hour ago. inflation starting to cool down. still at a four-year high. we'll get to the numbers in a moment. after sinema went from democrat to independent, is joe manchin next in line? good question. that's coming up. ♪ >> tech: when you get a chip in your windshield... trust safelite. this couple was headed to the farmers market... when they got a chip. they drove to safelite for a same-day repair. and with their insurance, it was no cost to them. >> woman: really? >> tech: that's service the way you need it. >> singers: ♪ safelite repair, safelite replace. ♪

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>> bill: 9:31. we're bopping at the open. investors reacting to a better than expected inflation report.

consumer prices up 7.1% from a year ago. no good but it marks the fifth straight month of declining inflation. meaning the number was not as high as they expected. this is what investors are doing now. the dow is up almost 2% at the open. nasdaq is flying. it is up about 3 1/2 to 4% here at the open. which might suggest that the fed would slow down the raising of interest rates. so president biden will talk about all this in 30 minutes 10:00 a.m. eastern time. gerri willis has the news on the cpi. what do we need to understand? >> good morning. don't think those rates will come down soon. we still have price hikes in the offing. this good news you were describing for markets and american families and today's inflation numbers year-over-year inflation coming in lower than wall street expectations at 7.1%. month-to-month that number 0.1%,

a tenth of a percent. gas prices are biggest contributor to the decline. they are down. even so if you look at it year-over-year energy prices are up 13.1%. much being felt by households using fuel oil up 65.7% year-over-year. gas prices higher, too, 10%. natural gas and electricity prices also up. double digits. let's look at food inflation. easing to a gain of just a tenth of percent by higher by 7.1% year-over-year. eggs up 49%. ouch. housing inflation continuing. it makes up 40% of core cpi. we see rents go up dramatically month-to-month. as i send it back to you i want to say you will see these

numbers categorized as being very good indeed but when you step back at look at them, prices will double in ten years if inflation continues at 7.1%. >> bill: wow, okay. we don't want that. gerri, thank you. we'll watch the markets today. they are moving right now. thank you. more breaking news now. lauren boebert has officially won her battle. the associated press called it. there was a recount. the democrat actually conceded in november but state law required to go through the ballots and dana, what is the final tally in this race in your former state of colorado? >> actually i used to work for the congressman who represented this district that lauren boebert won. she won by 546 votes. not a lot. super close race. >> bill: in the end the republicans win the seat. we were waiting for it to become official. they'll go into the new congress in january with 222 republicans.

five-vote advantage? >> dana: fewer than they wanted. >> bill: it's exactly what the democrats had before the mid-terms. joe manchin not ready to follow arizona senator kyrsten sinema. he is leaving the door open apparently. i don't know how you get more independent than i am. i look at all the things and always looked at all these things. i have no intention of doing anything right now. whether i do something later i can't tell you what the future is going to bring. karl rove has a theory on that. good morning to you. is he going to do the same thing or will he still caucus with democrats even if he were to do that? >> he would still caucus with democrats. first of all, big difference between arizona and west virginia. in arizona, independents can vote in any primary they want. they can walk into the booth on primary election day and say i

want a democrat ballot or republican ballot. not so in west virginia. west virginia only registered partisans can vote in the primary. so in west virginia if joe manchin wants to run as an indedent he can't run in the democratic primary. sinema will say i'm seeking re-election as a democrat. i am an independent. she has a strong opponent already running in the democratic primary diego. nobody thinking about running against joe manchin. too few democrats in west virginia anymore. >> dana: he is vulnerable in his re-election as a democrat in west virginia? i know he is very popular there. >> absolutely. this is a state that donald trump carried by, you know, i think 20 plus points. so yeah, he is in trouble in a general election in west

virginia. what's interesting to me he commented on the two republicans already talking about running. one a congressman whom he said is just trying to advance in politics and the incumbent republican governor jim justice who he said if he ran against me he would be running because he wanted to do the right thing for west virginia. an interesting observation. already picking one candidate in the republican primary to oppose him. >> bill: we mentioned the final race is in the for the house. we found the study about younger voters voting less for democrats. i will show you. you have a white board. for 2022, 53% of those americans age 30 and under nationwide voted for the democratic house candidate. compare it to two years prior where it was 61% with joe biden and 2018, 64% for democrats. the trend is not their friend. what do you see in this, karl? >> well, my white board put it more eloquently. i started with 2018 and worked my way to 2020.

11-point drop among the democrats for support among under 30-year-old voters. 7% increase for republicans. remember, one of the things the white house staff went out and told the press after the president decided he was going to wipe out half a trillion in student loan debt without any statutory authority to do specifically that was that they would increase their support among young voters in the november election. i thought it was politically crass. we'll take a half trillion dollars of taxpayer money to try to buy bigger turnout among young voters. it didn't work. they dropped over two years ago in the presidential race. they dropped by eight and the republicans picked up by five. over the four-year period down 11 for democrats, up seven for republicans. not a good trend line for the democratic so-called emerging majority. >> dana: but then if you put this -- let's fast forward two years in a presidential election. then do you expect that to hold or democrats continue to try to

-- democrats winning that vote? >> i would think they would win it. the question is the margin. whether or not the trend continues depends upon who the democrats nominate and who the republicans nominate. if they nominate joe biden part of the problem is younger voters under the age of 30 say why do we have somebody who will be 82 if he gets reelected and 86 at the end of his term? if the republicans nominate somebody younger, younger voters may say i think that person maybe they don't share every view i have but i think they're up to the job and feel more comfortable with having somebody younger. we've been through this drama before. in 1959 and 1960 we had a president in the form of eisenhower. two young men in their 40s stepped forward, john f. kennedy, richard nixon on the republican side. people wanted a change from one generation to another.

>> bill: thank you, karl. >> dana: interesting. always a good reminder of history with karl. thank you, good to see you. >> bill: you bet. great to see you. >> dana: as if the treple-demic wasn't bad enough for covid, rsv and flu, some medicines are in very short supply. millions set to travel over the holidays. are airlines ready for packed airports and flights? the ceo of united airlines joins us next. ♪

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>> bill: so a true crime podcast helped exonerate two men in georgia after they wrongfully

spent 25 years in prison for murder. steve harrigan is on that story in atlanta. what a story, steve. hello. >> bill, some stunning details when you look into this. these two young men went in at age 17 and came out at age 43 starting in 1996, a single gunshot in northwest georgia in a mobile home. 115-year-old boy dead. the family wasn't satisfied and it turned into a murder investigation. a week-long trial. two of his friends convicted and sentenced to life in prison. clark and story. well, some two women who run a true crime podcast looked into it for more than a year and reinterviewed witnesses, looked at evidence again and turns out they were able to convince the district attorney and judge to overturn these convictions. the two men who walked out free said they are stunned by what has happened. >> i sat there for many years

wondering if the truth was ever going to come out. i thought there was times that i was starting to lose hope. >> i thought i would die in prison. i never thought i would ever see the free world again. >> i've been behind the prison walls for 25 years and walk out and to see how the world has changed. >> the podcasters found one key witness was a woman threatened by police saying they would take away her children if she didn't manufacture evidence. the other key witness was a disabled man who might have seen a different crime. the two men returned to georgia. they aren't angry or not entitled to any compensation under georgia law but the judge did apologize on behalf of the state of georgia. bill, back to you. >> bill: more to come on this certainly. steve harrigan, thank you. >> dana: what a story, wow. air travel expected to soar. more than 7 million people will take to the sky.

up 14% from last year. is the industry ready? scott kirby, ceo of united airlines. so many questions for you. i will try to make the most of the time i have with you. these travel numbers haven't slowed down and what do you see from your vantage point about the economy and also how hybrid work schedules might have changed what you see on the weekends? >> yeah. you know, we see a really strong economy. while we're planning for a mild recession next year if we look at our data we don't see anything like that. in fact, i have been saying, you know, if i didn't read the "wall street journal" or watch business news the word recession probably wouldn't be in my vocabulary right now. so the demand environment for air travel is really strong. and we feel good about what the outlook is. >> dana: is that one of the reasons you are in charleston today at the boeing plant? you are purchasing new boeing

jets. you must feel confident people will want to travel long term. >> yeah. this order is the largest wide body aircraft order in history is really not so much a bet on the short term as it is a bet on the long term. we believe for the last couple of years while covid would be deep and last a long time the recovery would be robust and people's desire to travel would come back 100%. that's happening. this is really a bet on the future. some of these airplanes will fly out to 206. it is a long-term bet on travel demand and the great network and customer service that exists at united and the unique opportunity for us to grow. >> dana: we hear a lot from passengers frustrated with canceled flights, flights that are overbooked. people feeling smaller and smaller seats. how are you going to try to address their concerns if consumers want to take to the skies? you don't want them

uncomfortable. reports are they're frustrated. >> yeah, well look, i think things are running a lot better. there were some tough moments at this time last year. but if you look at the last four months or so, united and the entire industry is running as good of an operation as we've ever run. the holidays -- thanksgiving holiday was great. we put more buffer and slack into the system. we have 10% more pilots per block out than pre-pandemic and more spare airplanes. it costs a little money but so much better for the customer and, you know, we have more ability even when there is weather to isolate the weather just where the weather occurs and not have it bleed throughout the system. the whole industry has been running better for several months and the faa has been better as well. >> dana: i have great respect for the tsa, but the frustration

there. that bottleneck. do they ever consult somebody like you to ask what they are hearing from consumers? >> yeah. they do. look, i have huge admiration for the tsa and their workforce. they are tough jobs. we can all fly because they are worried about security and the rest of us can take it for granted. i think they do an amazing job. they work -- of all the government agencies i interact with they do more to survey customers, genuinely care about customer service. it is important, their workforce is paid 30% less than similarly-graded people in government service and they are asking in the next budget to just bring that up to parity. we are incredibly supportive of that as well. >> dana: are masks coming back to airplanes? we've seen some advisories for example in new york city they are advising people to wear masks out and about.

nobody really is. could it come back to airplanes? >> i sure don't think so. >> dana: okay. my other question is did anybody find my air pod from the weekend? >> i doubt it. >> dana: i was taking a nap. i had one in and i landed and then i couldn't find my iphone. it was a mile away from an airport and i was in o'hare. >> i like telling people i've lost two ipads and sport coats. if the ceo loses them, not good for anyone. >> dana: i'll take better care of my property. >> bill: i like the answer, i doubt it. fox news extreme weather. dangerous storm spinning off tornadoes in the south. one is hitting oklahoma now. the fierce winds destroying homes and toppling trees. we've had reports of tornadoes in texas and that storm threat will push into the southeast tomorrow. we knew it was coming.

it is out there right now. stand by for more on that. dana. >> dana: the indictment is out as we await the house financial committee hearing on the ftx collapse that wiped out billions. a major milestone in the search for the holy grail of clean, ship and unlimited energy. the big announcement we expect from the government on this today. you know you have a team behind you that can help you. not having to worry about the future makes it possible to make the present as best as it can be for everybody.

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for adults with generalized myasthenia gravis who are positive for acetylcholine receptor antibodies, it may feel like the world is moving without you. but the picture is changing, with vyvgart. in a clinical trial, participants achieved improved daily abilities with vyvgart added to their current treatment. and vyvgart helped clinical trial participants achieve reduced muscle weakness. vyvgart may increase the risk of infection. in a clinical study, the most common infections were urinary tract and respiratory tract infections. tell your doctor if you have a history of infections or if you have symptoms of an infection. vyvgart can cause allergic reactions.

the most common side effects include respiratory tract infection, headache, and urinary tract infection. picture your life in motion with vyvgart. a treatment designed using a fragment of an antibody. ask your neurologist if vyvgart could be right for you.

>> bill: here we go now into the future. u.s. scientists set to announce a potential major break throve in develop cheap and clean energy. if they can do that how does it change? william la jeunesse has the story. >> a major milestone in an energy source, nuclear fusion. what scientists at the national ignition lab achieved is analogous to the gasoline engine when a spark plug ignited gasoline to power a car.

that's harnessing of carbon. they produced energy not by splitting atoms but combining them. >> this is a key scientific achievement to prove that fusion energy is possible. now we have to take this and harness this to make useful electricity. >> fusion is often called the holy grail of energy. low risk, affordable, unlimited, carbon free and produced no radioactive waste. >> our material is water. no radioactive waste to bury in the mountains someplace. this will help us all get through climate change and poverty. >> this video shows how it works. a tiny hydrogen capsule the size of a pencil eraser is hit with lasers to produce electricity. >> sounds like they achieved scientific break even. more fusion energy out of the reaction than went into the

reaction. which is the first time anyone has done that. so it's quite exciting. >> this is the first time they achieved net energy gain from fusion. in the past, bill, the lasers use more energy than they generated. no commercial application for maybe a decade but we should get details in ten minutes from a presser with the energy department. >> bill: look forward to that. nice to see you. >> dana: disgraced ftx founder sam bankman-fried arrested last night in the bahamas. he is accusing of defrauding investors in a scheme described has a house of cards built on a foundation of deception. welcome to a new hour of "america's newsroom." good morning, i'm dana perino. >> bill: i'm bill hemmer. federal prosecutors in new york unsealed the indictment against bankman-fried. his appearance on the hill was scratched today. he was held by